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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:** ['Tendayi Kapfidze, chief economist at Nasdaq-listed online lending marketplace Lending Tree, has said that bitcoin is a “pyramid scheme.”\n“You only make money based on people who enter after you,” KapfidzetoldYahoo Finance in an interview published Thursday. He added that bitcoin has “no real utility.”\n“They’ve been trying to create a utility for it for ten years now. It’s a solution in search of a problem and it still hasn’t found a problem to solve,” said Kapfidze.\nBitcoin has earned many monikers in its 11 years of existence - a "scam" (by Bill Harris, founding CEO of PayPal); "rat poison" (by Berkshire Hathaway vice chairman Charlie Munger) and "rat poison squared" (by billionaire investor Warren Buffett), among others.\nYet, a recent report from Bank of America names bitcoin thesingle best investmentof the last decade. The report said if you invested $1 in bitcoin at the start of 2010, it would now be worth more than $90,000. Last year alone, the value of one bitcoin rose more than 85%, making it one of the top-performing financial assets in the world.', 'Tendayi Kapfidze, chief economist at Nasdaq-listed online lending marketplace Lending Tree, has said that bitcoin is a \x93pyramid scheme.\x94 \x93You only make money based on people who enter after you,\x94 Kapfidze told Yahoo Finance in an interview published Thursday. He added that bitcoin has \x93no real utility.\x94 \x93They\x92ve been trying to create a utility for it for ten years now. It\x92s a solution in search of a problem and it still hasn\x92t found a problem to solve,\x94 said Kapfidze. Bitcoin has earned many monikers in its 11 years of existence - a " scam " (by Bill Harris, founding CEO of PayPal); " rat poison " (by Berkshire Hathaway vice chairman Charlie Munger) and " rat poison squared " (by billionaire investor Warren Buffett), among others. Yet, a recent report from Bank of America names bitcoin the single best investment of the last decade. The report said if you invested $1 in bitcoin at the start of 2010, it would now be worth more than $90,000. Last year alone, the value of one bitcoin rose more than 85%, making it one of the top-performing financial assets in the world.', 'Tendayi Kapfidze, chief economist at Nasdaq-listed online lending marketplace Lending Tree, has said that bitcoin is a “pyramid scheme.”\n“You only make money based on people who enter after you,” KapfidzetoldYahoo Finance in an interview published Thursday. He added that bitcoin has “no real utility.”\n“They’ve been trying to create a utility for it for ten years now. It’s a solution in search of a problem and it still hasn’t found a problem to solve,” said Kapfidze.\nBitcoin has earned many monikers in its 11 years of existence - a "scam" (by Bill Harris, founding CEO of PayPal); "rat poison" (by Berkshire Hathaway vice chairman Charlie Munger) and "rat poison squared" (by billionaire investor Warren Buffett), among others.\nYet, a recent report from Bank of America names bitcoin thesingle best investmentof the last decade. The report said if you invested $1 in bitcoin at the start of 2010, it would now be worth more than $90,000. Last year alone, the value of one bitcoin rose more than 85%, making it one of the top-performing financial assets in the world.', "Thursday, January 2, 2020 Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Why Wall Street is calling for no recession in 2020 In 2019, the word on the tip of everyone’s tongue was “recession.” A U.S.-China trade war, an inverted yield curve , and the length of the expansion were just a few of the concerns cited by investors who were still skittish following the market’s worst year since the crisis. But easier Fed policy , a softening in the trade war, and better-than-feared economic data helped power the stock market’s best year since 2013. And as we enter a new decade, economists across Wall Street are starting to discount not only a recession in 2020, but in the years ahead. In a note to clients published last week, economists at Goldman Sachs answered the 10 most pressing economic questions heading into the new year. Among them: Will the economy enter recession in 2020? “No,” Goldman writes. “While trade war-related recession fears have faded in financial markets, broader worries remain,” the firm adds. “The current expansion is now the longest in US history, and some recession fears may simply reflect an instinctive sense that its time must surely be almost up. This has not been an unreasonable thought historically, as the two usual late-cycle risks — inflationary overheating and financial imbalances — often did grow over time. But so far both risks look limited.” Fed chair Jerome Powell has stressed in recent public comments that inflation pressures have been “unexpectedly muted” relative to the Fed’s 2% target. And until there is a material pickup in inflation, Powell expects the Fed’s “somewhat accommodative” policy stance will remain in play. When it comes to financial imbalances, data has consistently shown this economic cycle to be one of consumer deleveraging. And with consumer spending accounting for about 70% of GDP, the relative financial health of consumers is tantamount to the health of the economy. Story continues Though as Deutsche Bank’s chief international economist Torsten Sløk notes, corporates have also exhibited a similar caution compared to history. This further suggests this economic cycle — though it is up there in years — shows few signs of breaking down. “This expansion has been characterized by an extreme degree of caution among consumers and corporates,” Sløk said in a note published this weekend. “Because of the experience in 2008-2009, households and companies have been hesitant to spend too much money and take too much risk. As a result, ten years into this expansion, discretionary spending for consumers and corporates is still below its historical average.” Consumer and corporate discretionary spending has remained depressed since the crisis, indicating caution and relative financial stability as we enter the new year. (Source: Deutsche Bank) Sløk notes that consumer caution is “highly unusual” compared to the economic cycles we’ve grown accustomed to seeing since World War II. “The lack of willingness to spend on consumer durables and corporate capex is also the reason why this expansion has been so weak,” Sløk adds. “And it is also the reason why this expansion could continue for many more years; we are simply less vulnerable to shocks in 2020 because there are few imbalances in the economy.” By Myles Udland , reporter and co-anchor of The Final Round. Follow him @MylesUdland What to watch today Economy Initial Jobless Claims, week ended December 28 (222,000 expected, 222,000 prior); Continuing Claims, week ended December 21 (1.719 million prior) Bloomberg Consumer Comfort, week ended December 29 (62.3 prior) Markit US Manufacturing PMI, December final (52.5 expected, 52.5 prior) Read more Top News China sets policy pace for 2020 with reserve cut to aid credit [Bloomberg] Trump's tariffs are backfiring on the U.S., Fed finds [Yahoo Finance] Ghosn met Lebanese president after fleeing Japan: sources [Reuters] California’s new data privacy law will change the internet [Yahoo Finance] YAHOO FINANCE HIGHLIGHTS Here's what in the new law taking on the 'scourge' of robocalls College Football Championship ticket prices could become most expensive in history Bitcoin is a pyramid scheme, economist says Follow Yahoo Finance on Twitter , Facebook , Instagram , Flipboard , SmartNews , LinkedIn , YouTube , and reddit .", "Thursday, January 2, 2020\nGet the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET.Subscribe\nIn 2019, the word on the tip of everyone’s tongue was “recession.”\nA U.S.-China trade war, aninverted yield curve, and thelength of the expansionwere just a few of the concerns cited by investors who were still skittish following the market’s worst year since the crisis.\nButeasier Fed policy, a softening in the trade war, andbetter-than-feared economic datahelped power the stock market’s best year since 2013.\nAnd as we enter a new decade, economists across Wall Street are starting to discount not only a recession in 2020, but in the years ahead.\nIn a note to clients published last week, economists at Goldman Sachs answered the 10 most pressing economic questions heading into the new year.\nAmong them: Will the economy enter recession in 2020?\n“No,” Goldman writes.\n“While trade war-related recession fears have faded in financial markets, broader worries remain,” the firm adds.\n“The current expansion is now the longest in US history, and some recession fears may simply reflect an instinctive sense that its time must surely be almost up. This has not been an unreasonable thought historically, as the two usual late-cycle risks — inflationary overheating and financial imbalances — often did grow over time. But so far both risks look limited.”\nFed chair Jerome Powell has stressed inrecent public commentsthat inflation pressures have been “unexpectedly muted” relative to the Fed’s 2% target. And until there is a material pickup in inflation, Powell expects the Fed’s “somewhat accommodative” policy stance will remain in play.\nWhen it comes to financial imbalances,data has consistently shownthis economic cycle to be one of consumer deleveraging. And with consumer spending accounting for about 70% of GDP, the relative financial health of consumers is tantamount to the health of the economy.\nThough as Deutsche Bank’s chief international economist Torsten Sløk notes, corporates have also exhibited a similar caution compared to history. This further suggests this economic cycle — though it is up there in years — shows few signs of breaking down.\n“This expansion has been characterized by an extreme degree of caution among consumers and corporates,” Sløk said in a note published this **Last 60 Days of Bitcoin's Closing Prices:** [9235.35, 9412.61, 9342.53, 9360.88, 9267.56, 8804.88, 8813.58, 9055.53, 8757.79, 8815.66, 8808.26, 8708.09, 8491.99, 8550.76, 8577.98, 8309.29, 8206.15, 8027.27, 7642.75, 7296.58, 7397.80, 7047.92, 7146.13, 7218.37, 7531.66, 7463.11, 7761.24, 7569.63, 7424.29, 7321.99, 7320.15, 7252.03, 7448.31, 7547.00, 7556.24, 7564.35, 7400.90, 7278.12, 7217.43, 7243.13, 7269.68, 7124.67, 7152.30, 6932.48, 6640.52, 7276.80, 7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-01-02 **Financial & Commodity Data:** - Gold Closing Price: $1524.50 - Crude Oil Closing Price: $61.18 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.39 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: View Bitcoin may soon see solid support from the 21-month exponential moving average (currently at $7,097). Repeated defense of the EMA could attract technical buying. The average had acted as strong support in the five months to October 2018. A UTC close above $7,870 is needed to confirm a short-term bullish reversal. A violation at the EMA support could yield a re-test of recent lows near $6,500. Bitcoin is still feeling bearish pressure and could soon drop to historically strong price support below $7,100. The cryptocurrency fell 1.7 percent on Tuesday, reinforcing the bearish view put forward by the strong rejection above $7,600 witnessed over the weekend. The longer term picture is also looking bleak. Bitcoin is currently down 48 percent from the June high of $13,880 and is reporting nearly a 13 percent drop on a quarter-to-date basis, according to Bitstamp data. Related: Is Greece Cracking Down on Tax Evasion or Taxing Anonymity? With the sellers in control, bitcoin looks set to re-test the 21-month exponential moving average (EMA), currently at $7,097. The EMA had acted as strong support in the five months to October 2018, as seen below. Monthly chart (2017-2018) Bitcoin’s sell-off from the record high of $20,000 reached in December 2017 ran out of steam at the 21-month EMA support in June 2018. In the following four months, sellers repeatedly failed to secure a monthly close below the average line. By mid-October, many were convinced that the cryptocurrency had bottomed out along the key level. Buyers, however, remained elusive and the average support, then located around $6,100, was convincingly breached in mid-November with high volumes. The violation of the support likely triggered stops on long positions, leading to a violent sell-off. Related: Bitcoin Looks South After Strong Rejection Above $7,600 Clearly, the 21-month EMA, currently at $7,097, is the level to watch out for in the near-term – more so, as the bears have recently struggled to breach the support. Story continues Monthly chart (2019) The long-tail attached to October’s candle indicates sellers faded near the 21-month EMA line. Prices did print lows below the crucial support last month, but the support remained intact on a monthly closing basis (Nov. 30, UTC). December’s candle has already briefly defended the support. A week ago, the technical line held ground resulting in a price bounce that fizzled out at highs above $7,660 on Dec. 9. Ifthe EMA continues to restrict losses, chart-driven buying could be seen,leading to a notable price bounce. That said, the short-term outlook will turn bullish only above $7,870. At press time, bitcoin is changing hands at $7,200 on Bitstamp. Daily and weekly chart A UTC close above the Nov. 29 high of $7,870 would invalidate the lower-highs setup on the daily chart (above left) and confirm a short-term bullish reversal. However, the odds are currently stacked in favor of a move lower, as suggested by Monday’s “outside day” candle and Tuesday’s bearish follow-through. A break below the 21-month EMA support at $7, 097 will likely yield a decline to recent lows near $6,500. Thelong-term outlook would turn bullish if and when the cryptocurrency witnesses afalling channel breakout on the weekly chart. Related Stories Bitcoin Halving Could Leave Price at $20K-$50K, Hedge Fund Manager Says Nayuta Claims Its Android Lightning Wallet Is the First to Build in a Bitcoin Full Node... - 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.
7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49
You are an expert financial analyst. Your primary task is to 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 slid by 3.09% on Thursday. Reversing a 0.06% gain from Wednesday, Bitcoin ended the day at $6,989.4. A mixed start to the day saw Bitcoin fall from an early morning intraday high $7,225.8 to a mid-morning low $7,100.0. Steering clear of the major resistance levels, Bitcoin fell through the first major support level at $7,170.38 and the second major support level at $7,128.03. A move back through the support levels by late morning was brief, with Bitcoin sliding to a late afternoon intraday low $6,963.0. Bitcoin tumbled through the day’s major support levels to close out the day at sub-$7,000. Bitcoin last closed out the day at sub-$7,000 on 17 th December. The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, reaffirmed with Bitcoin’s slide back to sub-$7,000 levels. For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the top 10 cryptos, it was a bearish day for the majors. Tezos led the way down, sliding by 9.32% to fall out of the top 10, by market cap. EOS (-5.37%), Litecoin (-5.23%), Binance Coin (-5.05%), Bitcoin Cash ABC (-4.36%), and Bitcoin Cash SV (-4.18%) also saw heavy losses. Ethereum (-2.56%), Ripple’s XRP (-2.57%), Stellar’s Lumen (-3.61%), and Tron’s TRX (-2.39%) saw relatively modest losses. Through the current week, the crypto total market cap hit a Monday high $198.27bn before sliding to a Thursday low $185.26bn. Through Wednesday, the total market cap had peaked at $193.02bn before the reversal. At the time of writing, the total market cap stood at $185.83bn. Bitcoin’s dominance continued to sit at 68% levels following relatively modest losses on Thursday. Trading volumes had hit $80bn levels on Monday before easing back to sub-$70bn levels. At the time of writing, volumes were at $68bn levels. This Morning At the time of writing, Bitcoin was down by 0.18% to $6,977.0. A bearish start to the day saw Bitcoin fall from an early morning high $6,992.8 to a low $6,977.0. Story continues Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day for the crypto majors. Binance Coin and Ethereum bucked the trend early on, rising by 0.49% and by 0.08% respectively. It was bearish for the rest, however, with Bitcoin Cash SV and Litecoin leading the way down. Both were down by 0.38% early on. For the Bitcoin Day Ahead Bitcoin would need to move back through to $7,060 levels to support a run at the first major resistance level at $7,155.80. Support from the broader market would be needed, however, for Bitcoin to break back through to $7,000 levels. Barring a broad-based crypto rally on the day, the first major resistance level would likely limit any upside. Failure to move through to $7,060 levels could see Bitcoin fall deeper into the red. A fall through Thursday’s low $6,963 would bring the first major support level at $6,893.0 into play before any recovery. Barring an extended sell-off, however, Bitcoin should continue to steer clear of the second major support level at $6,796.6. This article was originally posted on FX Empire More From FXEMPIRE: GBP/USD Price Forecast – British Pound Pulls Back The Crypto Daily – Movers and Shakers – 03/01/20 USD/JPY Price Forecast – US Dollar Stabilizes Against Japanese Yen Risk-Off After US Airstrike Ramps Up Middle East Tensions Silver Price Forecast – Silver Markets Running Into Resistance Natural Gas Price Prediction – Prices Drop Ahead of EIA Inventory Report', 'Bitcoin slid by 3.09% on Thursday. Reversing a 0.06% gain from Wednesday, Bitcoin ended the day at $6,989.4.\nA mixed start to the day saw Bitcoin fall from an early morning intraday high $7,225.8 to a mid-morning low $7,100.0.\nSteering clear of the major resistance levels, Bitcoin fell through the first major support level at $7,170.38 and the second major support level at $7,128.03.\nA move back through the support levels by late morning was brief, with Bitcoin sliding to a late afternoon intraday low $6,963.0.\nBitcoin tumbled through the day’s major support levels to close out the day at sub-$7,000. Bitcoin last closed out the day at sub-$7,000 on 17thDecember.\nThe near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, reaffirmed with Bitcoin’s slide back to sub-$7,000 levels.\nFor the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.\nAcross the rest of the top 10 cryptos, it was a bearish day for the majors.\nTezos led the way down, sliding by 9.32% to fall out of the top 10, by market cap.\nEOS (-5.37%), Litecoin (-5.23%), Binance Coin (-5.05%), Bitcoin Cash ABC (-4.36%), and Bitcoin Cash SV (-4.18%) also saw heavy losses.\nEthereum (-2.56%), Ripple’s XRP (-2.57%), Stellar’s Lumen (-3.61%), and Tron’s TRX (-2.39%) saw relatively modest losses.\nThrough the current week, the crypto total market cap hit a Monday high $198.27bn before sliding to a Thursday low $185.26bn. Through Wednesday, the total market cap had peaked at $193.02bn before the reversal. At the time of writing, the total market cap stood at $185.83bn.\nBitcoin’s dominance continued to sit at 68% levels following relatively modest losses on Thursday. Trading volumes had hit $80bn levels on Monday before easing back to sub-$70bn levels. At the time of writing, volumes were at $68bn levels.\nAt the time of writing, Bitcoin was down by 0.18% to $6,977.0. A bearish start to the day saw Bitcoin fall from an early morning high $6,992.8 to a low $6,977.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day for the crypto majors.\nBinance Coin and Ethereum bucked the trend early on, rising by 0.49% and by 0.08% respectively.\nIt was bearish for the rest, however, with Bitcoin Cash SV and Litecoin leading the way down. Both were down by 0.38% early on.\nBitcoin would need to move back through to $7,060 levels to support a run at the first major resistance level at $7,155.80.\nSupport from the broader market would be needed, however, for Bitcoin to break back through to $7,000 levels.\nBarring a broad-based crypto rally on the day, the first major resistance level would likely limit any upside.\nFailure to move through to $7,060 levels could see Bitcoin fall deeper into the red.\nA fall through Thursday’s low $6,963 would bring the first major support level at $6,893.0 into play before any recovery.\nBarring an extended sell-off, however, Bitcoin should continue to steer clear of the second major support level at $6,796.6.\nThisarticlewas originally posted on FX Empire\n• GBP/USD Price Forecast – British Pound Pulls Back\n• The Crypto Daily – Movers and Shakers – 03/01/20\n• USD/JPY Price Forecast – US Dollar Stabilizes Against Japanese Yen\n• Risk-Off After US Airstrike Ramps Up Middle East Tensions\n• Silver Price Forecast – Silver Markets Running Into Resistance\n• Natural Gas Price Prediction – Prices Drop Ahead of EIA Inventory Report', 'Branded as the "first blockchain technology applied for the Internet of Things (IoT)", the system aims to improve upon current IoT-related concerns\nKUNMING, CHINA / ACCESSWIRE / January 3, 2020 /SINGAPORE - On 11 December, blockchain systemBigBang Coreheld their very first conference at the AsiaWorld-Expo in Hong Kong. Also known as "the only blockchain technology applied for the IoT reality", the team announced the launch of the BBC project and showcased their mainnet, which was launched earlier on 30 November this year.\nThe conference addressed several important blockchain issues, such as current trends and climates, as well as how traditional businesses can potentially tap into and adopt the blockchain technology, specifically for IoT purposes.\nAt the conference, BigBang Core signed agreements for the strategic partnerships with several major corporations, namely Zhejiang Zheran Energy Technology Co. Ltd., Zhejiang ZhengTu Technology Co. Ltd., Shenzhen Strontium Duoduo Water Industry Co. Ltd., Zhongshan Subor Co. Ltd., and Yi Hua Department Store Holdings Limited. The partnerships will promote industrial integration of the blockchain technology, and mark an important milestone for blockchain to transition from the technology space to further physical applications.\nThe BBC system stands apart from most of the existing projects within the sector as it comes with no pre-mined coins. While it may appear similar to existing peer-to-peer digital currencies, the technology is designed specifically for the data necessities of the IoT. This requires the implementation of a unique "tree-based structure" - a safe main chain linked with several applied branch chains - to contain multiple blocks, as opposed to single-chain structures such as Bitcoin. This allows the system to support potentially infinite Transactions Per Seconds (TPS) securely.\nThe team, who worked on the project for 3 years, has already made a significant real-world impact within the industry. The system was used for a carbon emission indicator test conducted by a company in Hangzhou. This success will give both investors and users confidence that BigBang Core is a trustworthy, secure and industry-leading project forIoT-related blockchainrequirements.\nFollowing the conference, BigBang Core is planning to incorporate their system into further several main areas: energy data quantification, agricultural big data as well as traceability and authenticity of logistical data and surrounding financial products. The BBC project is set to transform these industries from within by reevaluating and reinventing the way these industries and corporations contain, secure and distribute their valuable information.\nFor more information on BigBang Core, visitbigbangcore.com.\n###\nAbout BigBang Core:\nBigBang Core is a blockchain system nestled on a peer-to-peer network. Similar to popular peer-to-peer digital currenci **Last 60 Days of Bitcoin's Closing Prices:** [9412.61, 9342.53, 9360.88, 9267.56, 8804.88, 8813.58, 9055.53, 8757.79, 8815.66, 8808.26, 8708.09, 8491.99, 8550.76, 8577.98, 8309.29, 8206.15, 8027.27, 7642.75, 7296.58, 7397.80, 7047.92, 7146.13, 7218.37, 7531.66, 7463.11, 7761.24, 7569.63, 7424.29, 7321.99, 7320.15, 7252.03, 7448.31, 7547.00, 7556.24, 7564.35, 7400.90, 7278.12, 7217.43, 7243.13, 7269.68, 7124.67, 7152.30, 6932.48, 6640.52, 7276.80, 7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-01-03 **Financial & Commodity Data:** - Gold Closing Price: $1549.20 - Crude Oil Closing Price: $63.05 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.38 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: It was another relatively quiet day on theeconomic calendarthrough the Asian session this morning. Key stats were included October business confidence figures out of Australia and 4thquarter inflation expectation numbers out of New Zealand. Outside of the numbers, the markets reacted further to news from Monday of Trump denying having agreed to the rollback of tariffs. The NAB Business Confidence Index rose from 0 to 2 in October, falling well short of the long-run average of +6 points. According to theOctober survey, • Mining, construction, retail and finance, business & property services saw confidence levels sit at around 3 points. Other industries saw conditions deteriorate in the month, with confidence in retail and wholesale the weakest. • The Business Conditions Index rose by 2 points to +3 points. • Looking at the sub-categories:The employment index held steady at 4 points, supporting healthy employment growth near-term.Trading conditions improved, with the sub-index rising by 3 points to +7.Sentiment towards profitability also improved, with the sub-index rising by 2 points to 0.The forward order sub-index rose by 5 points to +3 points, with the exports sub-index up by 1 point to +1. The Aussie Dollar moved from $0.68487 to $0.68518 upon release of the figures. At the time of writing, theAussie Dollarwas down by 0.22% to $0.6836. Inflation expectations for 2-years out eased further in the 4thquarter, falling from 1.86% to 1.80%. Inflation expectations had stood at 2.01% back in early May. According to theRBNZ’s survey of expectations, • Inflation expectations for 1-year out fell from 1.71% in the 3rdquarter to 1.66% in the 4th The Kiwi Dollar moved from $0.63564 to $0.63418 upon release of the figures. At the time of writing, theKiwi Dollarwas down by 0.22% to $0.63446. At the time of writing, theJapanese Yenwas down by 0.08% to ¥109.14 against the U.S Dollar, while It’s a relatively busy day ahead on theeconomic calendar. Key stats due out of the Eurozone include the ZEW’s November economic sentiment and current conditions figures for Germany and the Eurozone. With the ECB reliant upon consumer spending to prop up the economy, we can expect plenty of sensitivity to day’s figures. Outside of the numbers, expect geopolitical risk to continue to influence. At the time of writing, theEURwas down by 0.04% to $1.1029. It’s another busy day ahead on thedatafront. Key stats include employment figures that will provide the Pound with direction. While a forecasted fall in the unemployment rate would be positive, the market focus will likely be on the claimant count and wage growth figures. Claimants are forecasted to rise by 26.5k in October, following a 21.1k rise in September. Wages are expected to rise by 4% in September, up from 3.8% in August. On the geopolitical risk front, UK politics will continue to grip the Pound. According to theYouGovpoll of polls, the Conservatives have 39% of the vote, well ahead of the Opposition Party’s 26%. The Pound got a boost on Monday in response to Farage’s decision to not compete for 317 Conservative Party seats. While the Brexit Party is not projected to win any seats, the latest news led to a rise in projected seats for the Tories. In response to Farage’s comments, theElectoral Calculus, which estimates the number of seats each party would win, raised its projection for the Tory Party from 370 to 382. That would give Johnson a majority of 114. At the time of writing, thePoundwas up by 0.02% to $1.2857. It’s another quiet quiet day on theeconomic calendar. There are no material stats due out of the U.S to provide the Greenback with direction. While there are no stats, U.S President Trump is due to speak at the Economic Club of New York that will provide the Dollar and the broader markets. We can expect plenty of chatter on trade and quite possibly views on monetary policy… TheDollar Spot Indexwas up by 0.06% to 98.256 at the time of writing. It’s also a quiet day on theeconomic calendar. There are no material stats due out of Canada to provide the Loonie with direction. Market risk appetite and influence on crude oil prices will provide direction throughout the day. TheLooniewas down by 0.10% to C$1.3246, against the U.S Dollar, at the time of writing. Thisarticlewas originally posted on FX Empire • Natural Gas Price Fundamental Daily Forecast – Testing Major Retracement Area at $2.647 to $2.585 • USD/JPY Price Forecast – US Dollar Pulls Back Towards Major Support • Stats Put the EUR in Focus, as Sentiment towards a Trade Deal Wanes • Bitcoin Cash – ABC, Litecoin and Ripple Daily Analysis – 12/11/19 • EUR/USD Mid-Session Technical Analysis for November 11, 2019 • Ethereum and Stellar’s Lumen Daily Tech Analysis – 12/11/19... - 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.
7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Venezuela will sell oil and part of the gold it produces for its national petro cryptocurrency, the country\x92s President Nicolas Maduro said. He told local newspaper El Nacional: \x93We will sell Venezuelan oil in exchange for petros. We already sell Venezuela\x92s iron ore and steel for petros. \x93We have already signed contracts for the sale of oil, steel, iron and aluminum, and we will sell part of the gold for petros.\x94 According to Maduro, the government is successfully introducing its cryptocurrency into Venezuelans\x92 daily lives \x96 although many experts claim otherwise. In December, the country\x92s authorities transferred benefits in petros timed to the New Year holidays to pensioners and public sector employees. The Petro is a marvel and a miracle that reaches our workers and retired workers of the country in order to make their purchases. It is a unique and extraordinary new experience of our economy. We are an example to the world! pic.twitter.com/XNzbINfOsp \x97 Nicolás Maduro (@maduro_en) December 29, 2019 Maduro announced the launch of the national petro cryptocurrency in October 2017. Its sales began on February 20 2018. Its cost is equal to the price of a barrel of oil produced in the country. Millions of Venezuelans have left their country since 2013 as its economy crashed, with schools and hospitals unable to provide basic services. They fled to neighbouring countries such as Peru, which has given residency to nearly 70,000 Venezuelans. In September Coin Rivet\x92s Christina Comben wrote about how cryptocurrencies like Bitcoin and Dash have been gaining a lot of traction in Venezuela as a result of the economic turmoil. BTC trading volume according to LocalBitcoins is high in the region and Dash has also gained a lot of ground with its instant transactions and SMS payments. Story continues In July 2019 Maduro ordered the country\x92s largest bank to open special desks for the nation\x92s cryptocurrency. The South American leader issued a state order instructing the Banco de Venezuela to accommodate the Petro at all 790 of its branches. Many cybersecurity experts say the Petro, developed with help from Russia, is an attempt to evade US sanctions. The post Venezuela to sell oil and gold for petro cryptocurrency appeared first on Coin Rivet .', 'Venezuela will sell oil and part of the gold it produces for its national petro cryptocurrency, the country\x92s President Nicolas Maduro said. He told local newspaper El Nacional: \x93We will sell Venezuelan oil in exchange for petros. We already sell Venezuela\x92s iron ore and steel for petros. \x93We have already signed contracts for the sale of oil, steel, iron and aluminum, and we will sell part of the gold for petros.\x94 According to Maduro, the government is successfully introducing its cryptocurrency into Venezuelans\x92 daily lives \x96 although many experts claim otherwise. In December, the country\x92s authorities transferred benefits in petros timed to the New Year holidays to pensioners and public sector employees. The Petro is a marvel and a miracle that reaches our workers and retired workers of the country in order to make their purchases. It is a unique and extraordinary new experience of our economy. We are an example to the world! pic.twitter.com/XNzbINfOsp \x97 Nicolás Maduro (@maduro_en) December 29, 2019 Maduro announced the launch of the national petro cryptocurrency in October 2017. Its sales began on February 20 2018. Its cost is equal to the price of a barrel of oil produced in the country. Millions of Venezuelans have left their country since 2013 as its economy crashed, with schools and hospitals unable to provide basic services. They fled to neighbouring countries such as Peru, which has given residency to nearly 70,000 Venezuelans. In September Coin Rivet\x92s Christina Comben wrote about how cryptocurrencies like Bitcoin and Dash have been gaining a lot of traction in Venezuela as a result of the economic turmoil. BTC trading volume according to LocalBitcoins is high in the region and Dash has also gained a lot of ground with its instant transactions and SMS payments. Story continues In July 2019 Maduro ordered the country\x92s largest bank to open special desks for the nation\x92s cryptocurrency. The South American leader issued a state order instructing the Banco de Venezuela to accommodate the Petro at all 790 of its branches. Many cybersecurity experts say the Petro, developed with help from Russia, is an attempt to evade US sanctions. The post Venezuela to sell oil and gold for petro cryptocurrency appeared first on Coin Rivet .', 'This post is part of CoinDesk’s 2019Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Benjamin Noys, a professor at the University of Chichester, in the UK, invented the term “accelerationism” for a philosophy that says technological progress should be greatly sped up.\nIn his bookMalign Velocities: Accelerationism and Capitalism(Zero Books, 2014), Benjamin Noys definesaccelerationismas the idea that capitalism should be pushed to ever-dizzying speeds to bring about a new future. Markets, technological progress and intelligence are all attributes of the same engine of history, which sometimes proceeds at the expense of humanity. Adherents argue the process of disrupting traditions, uprooting ecosystems and alienating individuals cannot be stopped. The only response is to accelerate.\nFive years on, Noys is now looking to uncover the links between this fringe philosophy, which exists mostly online, and the emergence of internet-native currencies. I recently spoke with him by phone. During our conversation, which has been edited for length and clarity, we discussed what the alt-right sees in crypto, how accelerationism has entered mainstream discourse and the mystical experience of holding money.\nRelated:How Libra Failed, and How It Could Succeed in 2020\nCan you describe your research into cryptocurrency?\nWhat interests me are the political aspects and debates around cryptocurrency, particularly in the way it’s been embraced by figures on the extreme right. I look at cryptocurrency as embodying a paradox. On the one hand it’s the most virtual form of money, entirely digital, and on the other hand it embodies stability in that it’s encrypted beyond government and other forms of interference. This dual perspective allows you to embrace both a desire for dissolving institutions and forms and embracing capitalism at its most extreme while preserving hierarchies between those who possess value and those who don’t.\nHow does a decentralized system preserve hierarchy?\nBitcoins are extremely deterritorialized, they belong to no one except their owners, and are not subject to any form of central control. This preserves the idea of value associated with those that possess monetary value. In some of the more extreme neo-reactionary movements, this hierarchy gets reinvented as the “the wealthy are better than the rest.” So those who embrace risk, speculation and the digital become the new lords or overlords.\nRelated:While We Wait for Laws, We Need Better Interpretations of Existing Regulation\nIt’s an argument by analogy? Because monetary hierarchies exist that validates other hierarchies – like racial or gender inequalities – for the extreme right.\nFigures like Nick Land, and other neoreactionaries, do embrace or come close to embracing racialized positions, while at the same time hedging by saying ‘we only embrace pure capitalism.’ So they put a distance between themselves and traditional rightwing politics, but to me, they still embrace rightwing traditional values of racial and social hierarchies. It uses a hierarchy of value to dictate social value.\nIt seems like some of Nick Land’s support for bitcoin borders on the metaphysical. I was wondering if you’ve grappled with any of that?\nI’m interested in the philosophical implications of crypto. There’s an argument that the birth of philosophy as a discipline runs parallel to the explosion of monetary economies in ancient Greece. That’s a speculative argument, but there are some interesting links between money as an abstract speculative medium and philosophy as an abstract speculative mode. That’s why I’m interested in how this particular form of digital currency aligns, can link with or generates political or social fantasies.\nAre there larger societal implications of having censorship-resistant currencies?\nWe don’t know what the implications will be. This is what some people are celebrating. It’s an experiment and the consequences of the experiment are very unclear. The notion of currencies that are free from government or forms of social control offers many political possibilities. It doesn’t necessarily have to be rightwing or reactionary ones. At the moment, it’s interesting how the agenda of freedom from government tends to be pitched in a rightwing direction. Probably often by people that haven’t used cryptocurrencies. They’re kind of an object of fantasy.\nCould you discuss how these reactionary ideas have entered into political discourse or wider culture?\nAccelerationism is a broad church of different thinkers and ideas that emerged in the last ten or so years – obviously triggered by the financial crisis of 2008 and by the dominance of the internet – to try to deal with the question of how do we deal with technology today. The broad definition is the embrace or accelerate certain forms of technology or social reforms to push through our current capitalist state to a new future.\nIt can take left-wing forms, where a post-capitalist future would not be based on a current capitalist market but would still use current technologies like the internet to distribute wealth, or use cryptocurrencies to encourage a more egalitarian social order. And there are right-wing forms that want to accelerate capitalism into a purer form. There are also reactionary or even high-fascis **Last 60 Days of Bitcoin's Closing Prices:** [9342.53, 9360.88, 9267.56, 8804.88, 8813.58, 9055.53, 8757.79, 8815.66, 8808.26, 8708.09, 8491.99, 8550.76, 8577.98, 8309.29, 8206.15, 8027.27, 7642.75, 7296.58, 7397.80, 7047.92, 7146.13, 7218.37, 7531.66, 7463.11, 7761.24, 7569.63, 7424.29, 7321.99, 7320.15, 7252.03, 7448.31, 7547.00, 7556.24, 7564.35, 7400.90, 7278.12, 7217.43, 7243.13, 7269.68, 7124.67, 7152.30, 6932.48, 6640.52, 7276.80, 7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-01-04 **Financial & Commodity Data:** - Gold Closing Price: $1549.20 - Crude Oil Closing Price: $63.05 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.38 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: France’s Financial Markets Authority (AMF) announced Thursday it had approved an initial coin offering (ICO) for the first time. The successful recipient of the AMF “ICO visa” – a cryptocurrency fundraising platform called French-ICO – met the minimum guarantees required by law, including a white paper investors could understand, according to a statement from the regulator. ICO visas are a means to ensure sales do not bring investors undue risk. Applicants must show the AMF they have provided all relevant information about the sale, as well as the risks involved. Approval is not an endorsement for the company. Related: Alleged BTC-e Operator Alexander Vinnik to Be Extradited to France: Reports The regulator can only approve public offerings for utility tokens, and an applicant must be a registered entity in France. They must also have procedures for securing investor funds and comply with strict anti-money laundering (AML) requirements. Once approved, the ICO must take place within six months. France passed one of the most comprehensive legal frameworks for cryptocurrencies earlier this year. Known as the PACTE law, it provides companies legal certainty in return for being regulated by the AMF. That includes a guaranteed bank account, as well as the option to host a token sale in the country using the ICO visa. AMF approval further allows a company to market its sale and engage in promotional activities. Registration is optional, however. Companies can still host an unregistered ICO in France but they are not allowed to promote the sale to potential investors. Related: Blockchain of Things Pays SEC $250,000 to Settle Unregistered ICO Reuters reported in July that the watchdog was talking to three or four candidates for an ICO visa. Although the news was announced Thursday, French-ICO received its visa on Tuesday. Scheduled to begin in March, the sale is capped at €1 million ($1.1 million), according to its website . The visa runs out on June 1, 2020. Story continues The AMF has come down hard on crypto companies that have broken French law. The watchdog previously banned advertisements for cryptocurrency derivatives and, in March, blacklisted 15 cryptocurrency websites that it considered had unlawfully guaranteed high returns on investments. Related Stories Libra Lacks Clarity on ‘Opaque’ Currency Basket, Says Fed Reserve Governor Bitcoin App Bottle Pay Shuts Down Over Impending EU Money-Laundering Laws... - Reddit Posts (Sample): [['u/MemoryDealers', '"Bitcoin (the network) can be used to do payments—that‘s what makes it useful, and that‘s what gives Bitcoin (the coin) its value."', 55, '2020-01-04 03:58', 'https://www.reddit.com/r/btc/comments/ejqjdy/bitcoin_the_network_can_be_used_to_do/', '[Source](https://read.cash/@TobiasRuck/why-mises-would-love-mitra-bitcoin-cashs-hidden-superpower-that-even-ethereum-20-doesnt-have-0e6090bb)', 'https://www.reddit.com/r/btc/comments/ejqjdy/bitcoin_the_network_can_be_used_to_do/', 'ejqjdy', [['u/jessquit', 10, '2020-01-04 14:49', 'https://www.reddit.com/r/btc/comments/ejqjdy/bitcoin_the_network_can_be_used_to_do/fd2dr70/', 'All I care about is there is enough capacity so that any Alice can pay Bob onchain.\n\nCash is, was, and has always been the killer app.', 'ejqjdy']]], ['u/whyison', 'I just tried to pay for ExpressVPN using BitPay and the "Bitcoin Cash" option was disabled with "Currency Unavailable" - anyone use Bitpay?', 26, '2020-01-04 04:08', 'https://www.reddit.com/r/btc/comments/ejqobh/i_just_tried_to_pay_for_expressvpn_using_bitpay/', 'What gives Bitpay?', 'https://www.reddit.com/r/btc/comments/ejqobh/i_just_tried_to_pay_for_expressvpn_using_bitpay/', 'ejqobh', [['u/spukkin', 17, '2020-01-04 04:30', 'https://www.reddit.com/r/btc/comments/ejqobh/i_just_tried_to_pay_for_expressvpn_using_bitpay/fczu15z/', 'each merchant can decide which coins are enabled. looks like u should choose a different VPN provider that accepts BCH, of which there are many.', 'ejqobh'], ['u/whyison', 10, '2020-01-04 04:36', 'https://www.reddit.com/r/btc/comments/ejqobh/i_just_tried_to_pay_for_expressvpn_using_bitpay/fczuvpy/', "Maybe I don't know how this works, but what does ExpressVPN care about the option I pick in Bitpay? I assumed for ExpressVPN it simply looks like someone paid with bitpay and crypto...\n\nI will definitely let ExpressVPN know they lost a customer.", 'ejqobh'], ['u/whyison', 10, '2020-01-04 04:51', 'https://www.reddit.com/r/btc/comments/ejqobh/i_just_tried_to_pay_for_expressvpn_using_bitpay/fczwnmo/', 'Private Internet Access!! Accepts BCH explicitely!', 'ejqobh'], ['u/spukkin', 11, '2020-01-04 04:51', 'https://www.reddit.com/r/btc/comments/ejqobh/i_just_tried_to_pay_for_expressvpn_using_bitpay/fczwntw/', "it's also possible that Bitpay's BCH service is temporarily down too. that happened with their BTC service last week or so.", 'ejqobh'], ['u/todu', 17, '2020-01-04 05:29', 'https://www.reddit.com/r/btc/comments/ejqobh/i_just_tried_to_pay_for_expressvpn_using_bitpay/fd01ecw/', 'I recommend to never use Nordvpn. They got hacked and kept quiet about it until a security researcher revealed the hack. So I would never trust Nordvpn now that we know how badly they handle security incidents.\n\nFrom the [Nordvpn Wikipedia article](https://en.wikipedia.org/wiki/NordVPN):\n\n"On October 21, 2019, a security researcher disclosed on Twitter a server breach of NordVPN involving a leaked private key.[16][17][18] The cyberattack granted the attackers root access, which was used to generate an HTTPS certificate that enabled the attackers to perform man-in-the-middle attacks to intercept the communications of NordVPN users.[19] In response, NordVPN confirmed that one of its servers based in Finland was breached in March 2018.[20][21] The exploit was the result of a vulnerability in a contracted data center\'s remote administration system that affected the Finland server between January 31 and March 20, 2018.[20] According to NordVPN, the data center disclosed the breach to NordVPN on April 13, 2019, and NordVPN ended its relationship with the data center.[21] **Security researchers and media outlets criticized NordVPN for failing to promptly disclose the breach after the company became aware of it.[18][17][22]** NordVPN stated that the company initially planned to disclose the breach after it completed its internal audits.[18] On October 29, 2019, NordVPN announced additional audits and a bug bounty program.[23]\n\nApproximately 2,000 usernames and passwords of NordVPN accounts were leaked in credential stuffing attacks that were reported on November 1, 2019.[24][25]"\n\nThere are plenty of people talking about the Nordvpn hack and their bad handling of the incident. Just search for "nordvpn hack" on Youtube.', 'ejqobh']]], ['u/Crypto_To_The_Core', "Bitcoin Price Predictions for 2020 - here's what I'm tracking so far ... 1 has specacularly failed already", 23, '2020-01-04 04:52', 'https://www.reddit.com/r/Buttcoin/comments/ejr834/bitcoin_price_predictions_for_2020_heres_what_im/', '**Failed Already - only wrong by $192,000+:**\n\n1. 2020-01-01: "The adoption rates are continuing to be quite steady, and adoption rates heavily correlate to the price, so therefore, unless for some reason people just simply stop continuing to adopt Bitcoin, we should see **$200,000** per Bitcoin by 1st January 2020 at the latest.", Fran Strajnar, CEO of cryptocurrency research firm Brave New Coin, 8-May-2019, [https://www.inverse.com/article/44619-bitcoin-price-fran-strajnar](https://www.inverse.com/article/44619-bitcoin-price-fran-strajnar)\n\n​\n\n**Promises / Claims / Predictions still to be determined:**\n\n1. 2020-01-22: "It is. The Billion Dollar Bottom Dump hasn\'t reached its conclusion yet. In 90 days, you will see that **$10K was the bottom**, and this is just a generous temporary discount." u/diydude2, 22-Oct-2019, [https://www.reddit.com/r/BitcoinMarkets/comments/dkuzb3/daily\\_discussion\\_monday\\_october\\_21\\_2019/f4oty1c?utm\\_source=share&utm\\_medium=web2x](https://www.reddit.com/r/BitcoinMarkets/comments/dkuzb3/daily_discussion_monday_october_21_2019/f4oty1c?utm_source=share&utm_medium=web2x)\n2. 2020-03: "Bitcoin’s price will reach **$91,000** by March 2020", Fundstrat\'s Tom Lee, ??? Dec 2018, [https://www.bitcoinprice.com/predictions/](https://www.bitcoinprice.com/predictions/)\n3. 2020-05: "2020 Halvening: \\~**$80k - $200k**", u/Money_Simplified, 26-Oct-2019, [https://www.reddit.com/r/Bitcoin/comments/dn1at7/2028/](https://www.reddit.com/r/Bitcoin/comments/dn1at7/2028/)\n4. 2020-05: "The predicted market value for bitcoin after May 2020 halving is $1trn, which translates in a bitcoin price of **$55,000**.", PlanB, Coin Shill, 22-Mar-2019, [https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25](https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25)\n5. 2020-05: "The model predicts a butcoin market value of $1trn after next halving in May 2020, which translates in a bitcoin price of **$55,000**.", Jason A. Williams, [https://www.reddit.com/r/Bitcoin/comments/dknhyn/55k\\_in\\_206\\_days/](https://www.reddit.com/r/Bitcoin/comments/dknhyn/55k_in_206_days/)\n6. 2020-12: "That’s why **$50k per Bitcoin** or possibly even **$100,000** is a very achievable goal for 2020.", Marius Kramer, 31-Aug-2019, self-proclaimed "No. 1 Cryptocurrency writer on Quora worldwide", [https://www.quora.com/Are-you-concerned-about-Bitcoin-heading-into-2020/answer/Marius-Kramer?ch=10&share=e721ba83&srid=huxz](https://www.quora.com/Are-you-concerned-about-Bitcoin-heading-into-2020/answer/Marius-Kramer?ch=10&share=e721ba83&srid=huxz)\n7. 2020-12: "Bitcoin will be above **$100K** by 2020, and likely closer to **$1 Million** by 2025", u/Captain_TomAN94, [https://www.reddit.com/r/Bitcoin/comments/8z4vah/the\\_next\\_halving\\_and\\_why\\_you\\_should\\_own\\_a\\_bitcoin/e2ggzi9](https://www.reddit.com/r/Bitcoin/comments/8z4vah/the_next_halving_and_why_you_should_own_a_bitcoin/e2ggzi9)\n8. 2020-12: "If Bitcoin is not at **$1 mil** by Dec 31, 2020, I will eat my dick.", John McAfee, 15 Jun 2018 @ 10:26 AM, [https://mobile.twitter.com/officialmcafee/status/1007675683190071296](https://mobile.twitter.com/officialmcafee/status/1007675683190071296)\n9. 2020-12: "Bitcoin will reach a price of **$50,000** by late 2020.", Ronnie Moas, Wall Street analyst and founder of Standpoint Research, link #1: [https://www.bitcoinprice.com/predictions/](https://www.bitcoinprice.com/predictions/) , link #2: [https://www.bloomberg.com/news/articles/2017-07-05/bitcoin-to-50-000-is-latest-call-from-prolific-stock-picker](https://www.bloomberg.com/news/articles/2017-07-05/bitcoin-to-50-000-is-latest-call-from-prolific-stock-picker)\n10. 2020-12: This methodology from Pantera pointed to a ... **$122,000** price by the end of 2020 ... Dan Morehead, CEO of Pantera Capital, [https://www.forbes.com/sites/ktorpey/2019/07/23/pantera-ceo-42000-bitcoin-price-by-the-end-of-2019-a-good-shot/](https://www.forbes.com/sites/ktorpey/2019/07/23/pantera-ceo-42000-bitcoin-price-by-the-end-of-2019-a-good-shot/)\n11. 2020-12: "I will bet you $10,000 right now that Bitcoin will be **at least 80% higher than $20K** by December 2020.", u/diydude2, 10-Oct-2019, [https://www.reddit.com/r/BitcoinMarkets/comments/dd28c0/daily\\_discussion\\_friday\\_october\\_04\\_2019/f2f20lp?utm\\_source=share&utm\\_medium=web2x](https://www.reddit.com/r/BitcoinMarkets/comments/dd28c0/daily_discussion_friday_october_04_2019/f2f20lp?utm_source=share&utm_medium=web2x)\n\n​\n\nIf anyone knows of or hears about any other predictions, please reply and let me know and I\'ll add them to my list. Would prefer to restrict the predictions to "industry professionals" and "experts", but will add predictions by Reddit users and others as well.', 'https://www.reddit.com/r/Buttcoin/comments/ejr834/bitcoin_price_predictions_for_2020_heres_what_im/', 'ejr834', [['u/Crypto_To_The_Core', 14, '2020-01-04 10:11', 'https://www.reddit.com/r/Buttcoin/comments/ejr834/bitcoin_price_predictions_for_2020_heres_what_im/fd1a9vp/', 'That 1st prediction is especially interesting:\n\n> **unless for some reason people just simply stop continuing to adopt Bitcoin**, we should see **$200,000** per Bitcoin by 1st January 2020 at the latest \n\nWhooops, sure looks like people have stopped adopting Bitcoin.', 'ejr834... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Bitcoin slipped by 0.02% on Saturday. Following a 5.46% rally on Friday, ended the day at $7,369.8.\nBitcoin moved within a particularly tight range through the 1sthalf of the day, ahead of a choppier 2ndhalf.\nThrough the morning, an early low $7,325.1 saw Bitcoin steer clear of the major support levels before striking a morning high $7,395.7.\nBitcoin fell short of the major resistance levels, before striking a late afternoon intraday high $7,422.0.\nFalling short of the first major resistance level at $7,574.3, Bitcoin fell to a late afternoon intraday low $7,297.3.\nSteering clear of the first major support level at $7,038.7, recovery to $7,300 levels limited the downside on the day.\nThe near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, reaffirmed with Bitcoin’s slide back to sub-$7,000 levels earlier in the week.\nFor the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.\nAcross the rest of the top 10 cryptos, it was a mixed day for the majors.\nBitcoin Cash SV led the way, rallying by 6.05%.\nBinance Coin (+1.10%), Bitcoin Cash ABC (+1.25%), EOS (+0.08%), Litecoin (+1.26%), and Tron’s TRX (+0.29%) also saw green.\nIt was bearish for the rest of the pack, however. Tezos led the way down, falling by 1.91%. The continued slide saw Tezos fall back to number 14 by market cap. A visit to the top 10 was a brief one.\nEthereum (-0.02%), Ripple’s XRP (-0.26%), and Stellar’s Lumen (-0.35%) also joined Bitcoin in the red.\nThrough the current week, the crypto total market cap recovered from a Thursday low $185.26bn. A bullish start to the day on Sunday saw the market cap hit a current week high $199.54bn. At the time of writing, the total market cap stood at $199.53bn.\nBitcoin’s dominance continued to sit at 68% levels following relatively modest losses on Saturday and for the current week. Trading volumes hit $90bn levels on Saturday before easing back to sub-$70bn levels. At the time of writing, volumes were at $65bn levels.\nAt the time of writing, Bitcoin was up by 1.61% to $7,488.4. A bullish start to the day saw Bitcoin rally from an early morning low $7,369.9 to a high $7,499.0.\nBitcoin broke through the first major resistance level at $7,428.77 and the second major resistance level at $7,487.73.\nElsewhere, it was a sea of green across the crypto-board.\nEOS led the way early on, rallying by 2.11%.\nBinance Coin (+1.69%), Bitcoin Cash ABC (+1.23%), Bitcoin Cash SV (+1.81%), Ethereum (+1.24%), and Tron’s TRX (+1.76%) also saw solid gains.\nStellar’s Lumen trailed the pack early on, rising by just 0.85%.\nBitcoin would need to move back through to $7,500 levels to support a run at the third major resistance level at $7,612.43.\nSupport from the broader market would be needed for Bitcoin to break out from $7,500 levels.\nBarring an extended crypto rally on the day, resistance at $7,500 would likely limit any upside.\nFailure to move through to $7,500 levels could see Bitcoin hit reverse.\nA fall through the second major support level at $7,487.73 would bring the first major resistance level and sub-$7,400 levels into play.\nBarring a crypto meltdown, however, Bitcoin should steer clear of the first major support level at $7,304.07.\nIn the event of a sell-off, expect a visit to sub-$7,300 levels before any recovery.\nThisarticlewas originally posted on FX Empire\n• EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 04/01/20\n• Silver Price Forecast – Silver Markets Run Into Trendline\n• Silver Weekly Price Forecast – Silver Markets Reach Towards Previous Uptrend Line\n• U.S Mortgage Rates Eased Back and Could Slide in the Week Ahead\n• S&P 500 Weekly Price Forecast – Stock Markets Chop Back And Forth In Volatile Week\n• Friday’s Risk-Off Session: One and Done, or Start of Near-Term Trend?', 'Bitcoin slipped by 0.02% on Saturday. Following a 5.46% rally on Friday, ended the day at $7,369.8. Bitcoin moved within a particularly tight range through the 1 st half of the day, ahead of a choppier 2 nd half. Through the morning, an early low $7,325.1 saw Bitcoin steer clear of the major support levels before striking a morning high $7,395.7. Bitcoin fell short of the major resistance levels, before striking a late afternoon intraday high $7,422.0. Falling short of the first major resistance level at $7,574.3, Bitcoin fell to a late afternoon intraday low $7,297.3. Steering clear of the first major support level at $7,038.7, recovery to $7,300 levels limited the downside on the day. The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, reaffirmed with Bitcoin’s slide back to sub-$7,000 levels earlier in the week. For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the top 10 cryptos, it was a mixed day for the majors. Bitcoin Cash SV led the way, rallying by 6.05%. Binance Coin (+1.10%), Bitcoin Cash ABC (+1.25%), EOS (+0.08%), Litecoin (+1.26%), and Tron’s TRX (+0.29%) also saw green. It was bearish for the rest of the pack, however. Tezos led the way down, falling by 1.91%. The continued slide saw Tezos fall back to number 14 by market cap. A visit to the top 10 was a brief one. Ethereum (-0.02%), Ripple’s XRP (-0.26%), and Stellar’s Lumen (-0.35%) also joined Bitcoin in the red. Through the current week, the crypto total market cap recovered from a Thursday low $185.26bn. A bullish start to the day on Sunday saw the market cap hit a current week high $199.54bn. At the time of writing, the total market cap stood at $199.53bn. Bitcoin’s dominance continued to sit at 68% levels following relatively modest losses on Saturday and for the current week. Trading volumes hit $90bn levels on Saturday before easing back to sub-$70bn levels. At the time of writing, volumes were at $65bn levels. Story continues This Morning At the time of writing, Bitcoin was up by 1.61% to $7,488.4. A bullish start to the day saw Bitcoin rally from an early morning low $7,369.9 to a high $7,499.0. Bitcoin broke through the first major resistance level at $7,428.77 and the second major resistance level at $7,487.73. Elsewhere, it was a sea of green across the crypto-board. EOS led the way early on, rallying by 2.11%. Binance Coin (+1.69%), Bitcoin Cash ABC (+1.23%), Bitcoin Cash SV (+1.81%), Ethereum (+1.24%), and Tron’s TRX (+1.76%) also saw solid gains. Stellar’s Lumen trailed the pack early on, rising by just 0.85%. For the Bitcoin Day Ahead Bitcoin would need to move back through to $7,500 levels to support a run at the third major resistance level at $7,612.43. Support from the broader market would be needed for Bitcoin to break out from $7,500 levels. Barring an extended crypto rally on the day, resistance at $7,500 would likely limit any upside. Failure to move through to $7,500 levels could see Bitcoin hit reverse. A fall through the second major support level at $7,487.73 would bring the first major resistance level and sub-$7,400 levels into play. Barring a crypto meltdown, however, Bitcoin should steer clear of the first major support level at $7,304.07. In the event of a sell-off, expect a visit to sub-$7,300 levels before any recovery. This article was originally posted on FX Empire More From FXEMPIRE: EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 04/01/20 Silver Price Forecast – Silver Markets Run Into Trendline Silver Weekly Price Forecast – Silver Markets Reach Towards Previous Uptrend Line U.S Mortgage Rates Eased Back and Could Slide in the Week Ahead S&P 500 Weekly Price Forecast – Stock Markets Chop Back And Forth In Volatile Week Friday’s Risk-Off Session: One and Done, or Start of Near-Term Trend?', "Investing.com - Litecoin was trading at $72.815 by 05:52 (10:52 GMT) on the Investing.com Index on Sunday, up 41.44% on the day. It was the largest one-day percentage gain since January 5.\nThe move upwards pushed Litecoin's market cap up to $2.747B, or 1.35% of the total cryptocurrency market cap. At its highest, Litecoin's market cap was $14.099B.\nLitecoin had traded in a range of $42.727 to $72.887 in the previous twenty-four hours.\nOver the past seven days, Litecoin has seen a stagnation in value, as it only moved 0.44%. The volume of Litecoin traded in the twenty-four hours to time of writing was $2.847B or 4.28% of the total volume of all cryptocurrencies. It has traded in a range of $38.9723 to $72.8867 in the past 7 days.\nAt its current price, Litecoin is still down 99.98% from its all-time high of $421,092.53 set on December 27, 2019.\nBitcoin was last at $7,429.9 on the Investing.com Index, up 1.37% on the day.\nEthereum was trading at $135.27 on the Investing.com Index, a gain of 1.31%.\nBitcoin's market cap was last at $135.358B or 66.71% of the total cryptocurrency market cap, while Ethereum's market cap totaled $14.804B or 7.30% of the total cryptocurrency market value.\nRelated Articles\nRichard Heart’s HEX Now Trading For Less Than 1 Satoshi After 52% Drop\nLitecoin Climbs 20% In Rally\nBiggest Crypto Price Movements of 2019", "Investing.com - Litecoin was trading at $72.815 by 05:52 (10:52 GMT) on the Investing.com Index on Sunday, up 41.44% on the day. It was the largest one-day percentage gain since January 5. The move upwards pushed Litecoin's market cap up to $2.747B, or 1.35% of the total cryptocurrency market cap. At its highest, Litecoin's market cap was $14.099B. Litecoin had traded in a range of $42.727 to $72.887 in the previous twenty-four hours. Over the past seven days, Litecoin has seen a stagnation in value, as it only moved 0.44%. The volume of Litecoin traded in the twenty-four hours to time of writing was $2.847B or 4.28% of the total volume of all cryptocurrencies. It has traded in a range of $38.9723 to $72.8867 in the past 7 days. At its current price, Litecoin is still down 99.98% from its all-time high of $421,092.53 set on December 27, 2019. Elsewhere in **Last 60 Days of Bitcoin's Closing Prices:** [9360.88, 9267.56, 8804.88, 8813.58, 9055.53, 8757.79, 8815.66, 8808.26, 8708.09, 8491.99, 8550.76, 8577.98, 8309.29, 8206.15, 8027.27, 7642.75, 7296.58, 7397.80, 7047.92, 7146.13, 7218.37, 7531.66, 7463.11, 7761.24, 7569.63, 7424.29, 7321.99, 7320.15, 7252.03, 7448.31, 7547.00, 7556.24, 7564.35, 7400.90, 7278.12, 7217.43, 7243.13, 7269.68, 7124.67, 7152.30, 6932.48, 6640.52, 7276.80, 7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-01-05 **Financial & Commodity Data:** - Gold Closing Price: $1549.20 - Crude Oil Closing Price: $63.05 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.39 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: The Majors It was a bearish week for the European majors in the week ending 6 th December, with the CAC40 falling by 0.56% to lead the way down. Things were not much better for the DAX30, which fell by 0.53%, while the EuroStoxx600 slipped by just 0.02%. The losses came in spite of a bullish end to the week that saw the CAC40 and EuroStoxx600 rally by 1.21% and by 1.16% respectively. Disappointing industrial production figures out of Germany left the DAX30 with a more modest 0.86% gain on the day. Market sentiment towards the prospects of a U.S – China phase 1 agreement provided support on Friday, after having sunk the markets at the start of the week. On the economic data front, a jump in U.S nonfarm payrolls and wage growth ultimately delivered the Friday bounce, however. The Stats It was a busy week on the Eurozone economic calendar . In the 1 st half of the week, the focus was on November private sector PMI figures out of China, the Eurozone, and the U.S. While the PMI numbers out of China had provided support, the Eurozone and U.S PMI figures were far from impressive. The stats coincided with negative chatter on trade in the 1 st half, with the U.S administration threatening tariffs on all French goods. On the prospects of a U.S – China phase 1 agreement, Trump had also doused expectations of a pre-Christmas deal. In the 2 nd half of the week, things didn’t get much better on the data front, with German and Eurozone retail sales disappointing. While the markets have been able to stomach weak manufacturing sector figures, weak consumer spending is a different proposition… That sentiment was reflected by a slide in factory orders and industrial production figures out of Germany that had a relatively muted impact on the majors. On Friday, U.S nonfarm payroll and wage growth figures, however, did have a material impact. Impressive figures fuelled a rebound in both the European and U.S majors. Nonfarm payrolls jumped by 266k, with wages rising by 3.1% in November. Both came in ahead of expectations and points to strong consumer demand in the months ahead… Story continues The Market Movers From the DAX , it was a mixed week for the auto sector. Continental and Daimler fell by 0.88% and by 3.36% respectively. BMW and Volkswagen found support, however, with the pair up by 0.70% and 0.57% respectively. It was a bearish week for the banking sector, however. Deutsche Bank fell by 0.91%, with Commerzbank down by 1.14%. From the CAC , it was a mixed week for the banks. Credit Agricole and Soc Gen rose by 1.25% and by 2.80% respectively. BNP Paribas bucked the trend, falling by 0.06%, the loss coming in spite of a 1.35% gain on Friday. French auto sector took another hit in the week, with Peugeot and Renault falling by 1.87% and by 3.76% respectively. The U.S. threat of tariffs on all French goods certainly didn’t help. On the VIX Index The VIX Index rose by 7.92% in the week ending 6 th December. Following a 2.27% gain from the previous week, the VIX ended the week at 13.6. A choppy week for the markets saw the VIX jump by 18.15% on Monday. The jump came in response to negative chatter on trade. This was followed up by a 7% gain on Tuesday that ultimately delivered the upside in the week. In the 2 nd half of the week, a shift in sentiment towards trade and the particularly impressive labor market figures out of the U.S limited the upside in the VIX. The Week Ahead It’s a relatively busy week on the Eurozone economic calendar . Through the 1 st half of the week, German trade data and business sentiment figures for Germany and the Eurozone are due out Barring dire trade figures, expect the sentiment figures to have the greatest influence on Tuesday. Following disappointing industrial production figures out of Germany last week, a fall in Eurozone industrial production wouldn’t be a surprise… Industrial production figures are due out on Thursday. On Thursday, the focus will be on the ECB and ECB President Lagarde, however. Economic indicators going into the 4 th quarter have not been great, which raises the question of what’s next from the ECB… Finalized inflation numbers from France, Germany, and Spain due out in the week will unlikely influence. From elsewhere, expect economic data from the U.S and, more importantly, the FOMC economic projections from Wednesday to also influence. On the geopolitical front, updates from China and the U.S in the early part of the week will influence. In the 2 nd half of the week, expect the European majors to respond to the UK general election. Results will start trickling in overnight on Thursday… A Tory Party loss would extend Britain’s membership with the EU.  This would also raise plenty of uncertainty over what lies ahead for the UK economy, however. This article was originally posted on FX Empire More From FXEMPIRE: AUD/USD Weekly Price Forecast – Australian Dollar Forms Massive Bullish Candle Bitcoin Cash – ABC, Litecoin and Ripple Daily Analysis – 07/12/19 Natural Gas Price Prediction – Prices Fall as Bear Flag Accelerates EUR/USD Weekly Price Forecast – Euro Shows Signs Of Exhaustion The Crypto Daily – Movers and Shakers -07/12/19 Natural Gas Weekly Price Forecast – Natural Gas Markets Give Up Gains For The Week... - Reddit Posts (Sample): [['u/drunksquirrel9', 'Cost to sell 1 BTC?', 10, '2020-01-05 00:16', 'https://www.reddit.com/r/CoinBase/comments/ek48ig/cost_to_sell_1_btc/', 'Can someone please tell me how much Coinbase will take if I sell 1 BTC and have USD deposited in my bank account? I have tried reading the charts and am still a little confused.', 'https://www.reddit.com/r/CoinBase/comments/ek48ig/cost_to_sell_1_btc/', 'ek48ig', [['u/brianddk', 10, '2020-01-05 00:44', 'https://www.reddit.com/r/CoinBase/comments/ek48ig/cost_to_sell_1_btc/fd5tun0/', 'In FOMO mode on mobile, about $270. In "Pro" mode from your browser, about $37 along with a 1-3 week wait.\n\nYou get to decide. Best read the [TOS](https://www.coinbase.com/legal/user_agreement), and honestly all documents in on the Legal tab.', 'ek48ig'], ['u/ASilverSpartan', 15, '2020-01-05 04:36', 'https://www.reddit.com/r/CoinBase/comments/ek48ig/cost_to_sell_1_btc/fd6t31v/', 'You might be the shittiest scammer on reddit', 'ek48ig']]], ['u/badjano', 'If people are looking away from bitcoin and you have some, you should be glad', 148, '2020-01-05 02:22', 'https://www.reddit.com/r/Bitcoin/comments/ek5tzf/if_people_are_looking_away_from_bitcoin_and_you/', 'From all data that I´ve collected over the years, if I had only one tip to give you guys is that you should understand what halving ( or halvening ) is and take your own conclusions.\n\nI feel like I got in late, but that´s natural since bitcoin is 11 years old already, but I realized that this is actually very early, so we have lots of stuff to conquer still.\n\nDo not care for bitcoin price would be another tip, bitcoin has a 4 year cycle ( hence the halving study tip ) and we humans tend to be immediatists and even a 1 year wait is a lot for us, but think about this, if you just got in here, buy and wait at least 4 years to sell and I can guarantee you that these 4 years are going to be the best lesson you´ll ever had.\n\nTry to understand that the monetary system is old AF, and think about the phone you had 11 years ago ( whn bitcoin started ) and now think about how old the financial system is... this will be the path to really understand what is going on in here.\n\nWe are nothing against governments that control money, and we will never win that battle. Bitcoin is a way. Just think about it, that is all we ask for.\n\nThank you Satoshi, you´re the man.\n\nI´m drunk', 'https://www.reddit.com/r/Bitcoin/comments/ek5tzf/if_people_are_looking_away_from_bitcoin_and_you/', 'ek5tzf', [['u/Stephcoin', 28, '2020-01-05 02:45', 'https://www.reddit.com/r/Bitcoin/comments/ek5tzf/if_people_are_looking_away_from_bitcoin_and_you/fd6c7wg/', 'Very nicely worded and encouraging. You should be proud of yourself for being so coherent!', 'ek5tzf'], ['u/badjano', 19, '2020-01-05 02:47', 'https://www.reddit.com/r/Bitcoin/comments/ek5tzf/if_people_are_looking_away_from_bitcoin_and_you/fd6celj/', 'I´m very passionate about bitcoin, study every day, but for some reason alcohol made sense out of everything', 'ek5tzf'], ['u/[deleted]', 15, '2020-01-05 03:20', 'https://www.reddit.com/r/Bitcoin/comments/ek5tzf/if_people_are_looking_away_from_bitcoin_and_you/fd6gv0f/', 'Dude it is soooo early still. We have yet to even realize the full potential of this. Even if it doesn’t gain much more value this changes history.', 'ek5tzf'], ['u/SkepticPerson', 20, '2020-01-05 03:37', 'https://www.reddit.com/r/Bitcoin/comments/ek5tzf/if_people_are_looking_away_from_bitcoin_and_you/fd6j6zc/', '["I am the liquor"](https://www.youtube.com/watch?v=EFo84MVbVQ8) \\- Jim Lahey', 'ek5tzf'], ['u/ArnolduAkbar', 10, '2020-01-05 03:52', 'https://www.reddit.com/r/Bitcoin/comments/ek5tzf/if_people_are_looking_away_from_bitcoin_and_you/fd6lhws/', "You don't have to convince me man. I'm a gambler anyway. I'm gonna keep eating my rice and beans and never have any fun and throw everything I got at this.", 'ek5tzf'], ['u/DangerDrJ', 13, '2020-01-05 03:57', 'https://www.reddit.com/r/Bitcoin/comments/ek5tzf/if_people_are_looking_away_from_bitcoin_and_you/fd6m8bi/', 'This is the way.', 'ek5tzf'], ['u/BobRosFan365', 25, '2020-01-05 06:46', 'https://www.reddit.com/r/Bitcoin/comments/ek5tzf/if_people_are_looking_away_from_bitcoin_and_you/fd7ehpi/', 'I bought my first btc at $120 almost 7 years ago.\n\nI thought I was late at that time, in less than 2 years since I heard about it, it had gone from $7 to $125... clearly I was too late. I begrudgingly spent "real money" for "fake" money.\n\n\nMy advice, stack what you can, when you can. Who doesnt wish they bought a $7k asset for $100? But u say that with hindsight. What few realize is the cost was the same as it is right now. Back then it was literally like throwing money out the window. You think people laugh at you now for investing in btc, LOLZ. \n\nSo now its 100x the price but its a 100x safer investment, has been improved 100x, is known 100x better.\n\nIn 20 years, when btc is strong af, adopted worldwide, owned institutionally, a piece of most peoples portfolio, doing more volume than all credit cards combined with non-existent volatility, people will say "I wish I bought at 7k"', 'ek5tzf'], ['u/Mehtodoxy', 11, '2020-01-05 06:51', 'https://www.reddit.com/r/Bitcoin/comments/ek5tzf/if_people_are_looking_away_from_bitcoin_and_you/fd7f4dd/', '“I don’t do drugs, I am drugs” - S. Dali', 'ek5tzf'], ['u/FarfingShip', 13, '2020-01-05 07:31', 'https://www.reddit.com/r/Bitcoin/comments/ek5tzf/if_people_are_looking_away_from_bitcoin_and_you/fd7kh7g/', 'The hardest part of Bitcoin is holding through your first boom/bust cycle. If you make it past that, the new low is ***likely*** higher that your buy price.', 'ek5tzf']]], ['u/BosDoge', '*Bitcoin Cash Now 4th Largest Marketcap!*', 28, '2020-01-05 02:28', 'https://www.reddit.com/r/btc/comments/ek5wqw/bitcoin_cash_now_4th_largest_marketcap/', 'Bitcoin Cash has overtaken tether again! Beautiful!', 'https://www.reddit.com/r/btc/comments/ek5wqw/bitcoin_cash_now_4th_largest_marketcap/', 'ek5wqw', [['u/jonald_fyookball', 22, '2020-01-05 02:42', 'https://www.reddit.com/r/btc/comments/ek5wqw/bitcoin_cash_now_4th_largest_marketcap/fd6brno/', "why wouldn't BCH be doing well? It's the best coin, by far.", 'ek5wqw'], ['u/whyison', 26, '2020-01-05 03:25', 'https://www.reddit.com/r/btc/comments/ek5wqw/bitcoin_cash_now_4th_largest_marketcap/fd6hmwu/', 'Neither Tether nor XRP are cryptocurrencies.', 'ek5wqw'], ['u/ShadowOfHarbringer', 21, '2020-01-05 05:15', 'https://www.reddit.com/r/btc/comments/ek5wqw/bitcoin_cash_now_4th_largest_marketcap/fd6zv8a/', '> OMG, are we really doing this dumb shit still? And pop isn’t real music either, right?\n\n\nYou are foolish and do not know what "a cryptocurrency" actually means.\n\nAnything that is not fairly mined is just a shitty completely centralized token.\n\nIt\'s even worse than paper FIAT, because it can be totally controlled - destroyed, censored and created at will.\n\nThese centralized tokens like Tether and XRP not only are not cryptocurrencies. They are total **scourge, an abomination** of crypto world.\n\nThey shouldn\'t even have existed as there is no real reason for them to exist rather than to twist and destroy crypto alltogether.', 'ek5wqw']]], ['u/AutoModerator', '[Daily Discussion] Sunday, January 05, 2020', 63, '2020-01-05 05:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/ek7r8h/daily_discussion_sunday_january_05_2020/', "**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**Other ways to interact:**\n\n* [Get an invite](https://join.slack.com/t/reddit-bitcoinmarkets/shared_invite/enQtNjM1NTg3ODgwODUzLTQ2NjZjYjYxMWExZmZmMWY0MDNlN2JlM2RhZmM0NWY1YzY1MDlkOTMyNWFjNTZjYTg1ZDM2YmEwMWRkZjIwYjM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)\n* Set your flair to trade pretend money in [the Flair Game](https://coinsight.org/flairgame)\n* Weekly threads: [Newbie Mondays](http://www.reddit.com/r/BitcoinMarkets/search?q=newbie+monday&sort=new&restrict_sr=on&t=all) and [Fundamentals Fridays](http://www.reddit.com/r/BitcoinMarkets/search?q=fundamentals+friday&sort=new&restrict_sr=on&t=all)\n* Altcoins Discussion: [Altcoin Discussion](http://www.reddit.com/r/BitcoinMarkets/search?q=altcoin+discussion&sort=new&restrict_sr=on&t=all)", 'https://www.reddit.com/r/BitcoinMarkets/comments/ek7r8h/daily_discussion_sunday_january_05_2020/', 'ek7r8h', [['u/Regjohn', 50, '2020-01-05 07:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/ek7r8h/daily_discussion_sunday_january_05_2020/fd7iyhw/', 'Nothing like $150 pump for 100k predictions.. you ask how somehow we still have bears? The reason is posts like these..', 'ek7r8h'], ['u/jetrucci', 17, '2020-01-05 08:52', 'https://www.reddit.com/r/BitcoinMarkets/comments/ek7r8h/daily_discussion_sunday_january_05_2020/fd7vi7z/', "This is a sucker's rally", 'ek7r8h'], ['u/siem', 10, '2020-01-05 09:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/ek7r8h/daily_discussion_sunday_january_05_2020/fd7wvlq/', 'You should have invested in the Zimbabwean Dollar instead, you would have been a trillionaire by now.', 'ek7r8h'], ['u/hibernating_brain', 27, '2020-01-05 09:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/ek7r8h/daily_discussion_sunday_january_05_2020/fd85sfj/', "When did this sub turned so hostile and garbage? I always see the same 'you can't time the market' crap from non traders (long term hodlers). \n\n\nIn trading, sometimes you win and sometimes you lose.\n\nTis the new year! Lets keep the good vibes going.", 'ek7r8h'], ['u/hibernating_brain', 11, '2020-01-05 09:52', 'https://www.reddit.com/r/BitcoinMarkets/comments/ek7r8h/daily_discussion_sunday_januar... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Bitcoin fell by 0.08% on Sunday. Following on from a 0.02% decline on Saturday, Bitcoin ended the day at $7,364.6. The moves through the weekend left Bitcoin down by 0.04% for the week. A bullish start to the day saw Bitcoin rally to an early morning intraday high $7,509.9. Bitcoin broke through the first major resistance level at $7,428.77 and the second major resistance level at $7,487.73. While easing back to sub-$7,500 levels, Bitcoin held onto $7,400 levels until a late sell-off. The sell-off saw Bitcoin fall back through the major resistance levels to a late intraday low $7,315.8. Steering clear of the first major support level at $7,304.07, Bitcoin found support in the final hour to limit the downside on the day. The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, reaffirmed with Bitcoin’s slide back to sub-$7,000 levels earlier in the week. For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the top 10 cryptos, it was a mixed day for the majors. Monero’s XRM led the way, rallying by 6.03% to replace Stellar’s Lumen in the crypto top 10 (by market cap). Binance Coin (+1.74%), Bitcoin Cash SV (+1.01%), EOS (+1.14%), Ethereum (+0.87%), Litecoin (+1.36%), and Ripple’s XRP (+0.39%) also saw green. Bitcoin Cash ABC (-1.26%), Stellar’s Lumen (-0.31%), Tezos (-0.17%), and Tron’s TRX (+0.11%) joined Bitcoin in the red on the day. It was also a mixed bag for the week ending 5 th January. Monero’s XMR and Bitcoin Cash SV led the way with gains of 15.5% and 11.3% respectively. Bitcoin Cash ABC (+5.44%), Ethereum (+0.74%), and Litecoin (+0.56%) also made gains in the week. It was a bearish week for the rest of the pack, with Tezos sliding by 4.1% to lead the way down. Binance Coin (-0.21%), EOS (-0.22%), Ripple’s XRP (-1.18%), Stellar’s Lumen (-1.62%), and Tron’s TRX (-1.24%) also joined Bitcoin in the red for the week. Story continues Through the week, the crypto total market cap recovered from a Thursday low $185.26bn. A bullish start to the day on Sunday saw the market cap hit a week high $200.37bn. At the time of writing, the total market cap stood at $197.83bn. Bitcoin’s dominance continued to sit at 68% levels following relatively modest losses for the week. Trading volumes hit $90bn levels on Saturday before easing back to sub-$70bn levels. At the time of writing, volumes were at $67bn levels. This Morning At the time of writing, Bitcoin was up by 0.16% to $7,376.6. A bullish start to the day saw Bitcoin rise from an early morning low $7,358.0 to a high $7,381.2. Bitcoin left the major support and resistance levels untested early on. Elsewhere, Monero’s XMR (+0.36%), Ripple’s XRP (+0.12%), Tezos (+0.07%), and Tron’s TRX (+0.07%) also found early support. It was a bearish start for the rest, however, with Bitcoin Cash SV (-0.26%), Ethereum (-0.23%) and Stellar’s Lumen (-0.27%) leading the way down. For the Bitcoin Day Ahead Bitcoin would need to move back through to $7,390 levels to support a run at the first major resistance level at $7,477.73. Support from the broader market would be needed for Bitcoin to break back through to $7,400 levels. Barring an extended crypto rally on the day, resistance at $7,500 would likely limit any upside. Failure to move through to $7,390 levels could see Bitcoin hit reverse. A fall through the morning low $7,358.0 would bring the first major resistance level at $7,283.63 into play. Barring a crypto meltdown, however, Bitcoin should steer clear of sub-$7,200 levels. The second major support level at $7,202.67 should limit any downside on the day. This article was originally posted on FX Empire More From FXEMPIRE: US Manufacturing Activity Hits 10-Year Low; EIA Reports Another Big Crude Oil Draw ‘Risk-Off’: Profit-Takers Hit Aussie, Kiwi, Safe-Haven Demand Boost Yen US Equity Markets: After Dodging Risk in 2019, Investors Should Prepare for Heightened Volatility in 2020 U.S Mortgage Rates Eased Back and Could Slide in the Week Ahead Natural Gas Price Prediction – Prices Consolidate Following Inventory Report European Equities: A Week in Review – 04/01/20', 'Bitcoin fell by 0.08% on Sunday. Following on from a 0.02% decline on Saturday, Bitcoin ended the day at $7,364.6. The moves through the weekend left Bitcoin down by 0.04% for the week. A bullish start to the day saw Bitcoin rally to an early morning intraday high $7,509.9. Bitcoin broke through the first major resistance level at $7,428.77 and the second major resistance level at $7,487.73. While easing back to sub-$7,500 levels, Bitcoin held onto $7,400 levels until a late sell-off. The sell-off saw Bitcoin fall back through the major resistance levels to a late intraday low $7,315.8. Steering clear of the first major support level at $7,304.07, Bitcoin found support in the final hour to limit the downside on the day. The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, reaffirmed with Bitcoin’s slide back to sub-$7,000 levels earlier in the week. For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the top 10 cryptos, it was a mixed day for the majors. Monero’s XRM led the way, rallying by 6.03% to replace Stellar’s Lumen in the crypto top 10 (by market cap). Binance Coin (+1.74%), Bitcoin Cash SV (+1.01%), EOS (+1.14%), Ethereum (+0.87%), Litecoin (+1.36%), and Ripple’s XRP (+0.39%) also saw green. Bitcoin Cash ABC (-1.26%), Stellar’s Lumen (-0.31%), Tezos (-0.17%), and Tron’s TRX (+0.11%) joined Bitcoin in the red on the day. It was also a mixed bag for the week ending 5 th January. Monero’s XMR and Bitcoin Cash SV led the way with gains of 15.5% and 11.3% respectively. Bitcoin Cash ABC (+5.44%), Ethereum (+0.74%), and Litecoin (+0.56%) also made gains in the week. It was a bearish week for the rest of the pack, with Tezos sliding by 4.1% to lead the way down. Binance Coin (-0.21%), EOS (-0.22%), Ripple’s XRP (-1.18%), Stellar’s Lumen (-1.62%), and Tron’s TRX (-1.24%) also joined Bitcoin in the red for the week. Story continues Through the week, the crypto total market cap recovered from a Thursday low $185.26bn. A bullish start to the day on Sunday saw the market cap hit a week high $200.37bn. At the time of writing, the total market cap stood at $197.83bn. Bitcoin’s dominance continued to sit at 68% levels following relatively modest losses for the week. Trading volumes hit $90bn levels on Saturday before easing back to sub-$70bn levels. At the time of writing, volumes were at $67bn levels. This Morning At the time of writing, Bitcoin was up by 0.16% to $7,376.6. A bullish start to the day saw Bitcoin rise from an early morning low $7,358.0 to a high $7,381.2. Bitcoin left the major support and resistance levels untested early on. Elsewhere, Monero’s XMR (+0.36%), Ripple’s XRP (+0.12%), Tezos (+0.07%), and Tron’s TRX (+0.07%) also found early support. It was a bearish start for the rest, however, with Bitcoin Cash SV (-0.26%), Ethereum (-0.23%) and Stellar’s Lumen (-0.27%) leading the way down. For the Bitcoin Day Ahead Bitcoin would need to move back through to $7,390 levels to support a run at the first major resistance level at $7,477.73. Support from the broader market would be needed for Bitcoin to break back through to $7,400 levels. Barring an extended crypto rally on the day, resistance at $7,500 would likely limit any upside. Failure to move through to $7,390 levels could see Bitcoin hit reverse. A fall through the morning low $7,358.0 would bring the first major resistance level at $7,283.63 into play. Barring a crypto meltdown, however, Bitcoin should steer clear of sub-$7,200 levels. The second major support level at $7,202.67 should limit any downside on the day. This article was originally posted on FX Empire More From FXEMPIRE: US Manufacturing Activity Hits 10-Year Low; EIA Reports Another Big Crude Oil Draw ‘Risk-Off’: Profit-Takers Hit Aussie, Kiwi, Safe-Haven Demand Boost Yen US Equity Markets: After Dodging Risk in 2019, Investors Should Prepare for Heightened Volatility in 2020 U.S Mortgage Rates Eased Back and Could Slide in the Week Ahead Natural Gas Price Prediction – Prices Consolidate Following Inventory Report European Equities: A Week in Review – 04/01/20', 'It\'s not every day that the CEO of a large Silicon Valley tech company decides to relocate to a different part of the world in order to learn more about it -- particularly when it has been frequently maligned and often overlooked by big business. But Jack Dorsey, the American tech entrepreneur who co-founded and leads not one, but two publicly listed companies (Twitter and Square) is not your typical CEO. Dressed down, bearded, often wearing a wooly hat and speaking in a slow, quiet voice, you might even call Dorsey the anti-CEO. He eschews many of the stereotypical trappings of the executive life and mannerisms in favor of taking silent retreats and traveling to countries like Burma. In November 2019, Dorsey\'s itchy feet took him to Africa, where he visited Nigeria, Ghana, South Africa and Ethiopia on a listening tour . He had meetings at incubators in Lagos and Addis Ababa, and talked to a number of African tech leaders, including Tayo Oviosu , the CEO of Nigerian payments startup Paga, and Yele Bademosi , the director of Binance Labs. And before he departed back for the U.S., he did something more: he announced that he would return in 2020 to live somewhere on the continent for up to six months. "Africa will define the future (especially the bitcoin one!). Not sure where yet, but I’ll be living here for 3-6 months mid 2020," he Tweeted from Ethiopia . Why Africa? And where? And when? If you have ever spoken to Dorsey — or more likely read an interview with him — you\'ll note that he can be somewhat oblique. It\'s rare that he gives straight answers to straight question **Last 60 Days of Bitcoin's Closing Prices:** [9267.56, 8804.88, 8813.58, 9055.53, 8757.79, 8815.66, 8808.26, 8708.09, 8491.99, 8550.76, 8577.98, 8309.29, 8206.15, 8027.27, 7642.75, 7296.58, 7397.80, 7047.92, 7146.13, 7218.37, 7531.66, 7463.11, 7761.24, 7569.63, 7424.29, 7321.99, 7320.15, 7252.03, 7448.31, 7547.00, 7556.24, 7564.35, 7400.90, 7278.12, 7217.43, 7243.13, 7269.68, 7124.67, 7152.30, 6932.48, 6640.52, 7276.80, 7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-01-06 **Financial & Commodity Data:** - Gold Closing Price: $1566.20 - Crude Oil Closing Price: $63.27 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.41 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: • A lack of positive developments in the crypto and blockchain space has led to fading sentiment and further declines in bitcoin’s price. • A long-term bear crossover of the 100 and 200-day moving averages (MAs) confirms BTC’s latest leg down. • BTC looks set to test the 100-period moving average on the weekly chart, now located at $7,520. Bitcoin prices tumbled over 4 percent Monday as buyers proved reluctant to engage with the market, likely due to recent suggestions of anew crypto crackdownin China. At press time on Tuesday, the world’s top crypto by market capitalization had dropped further, and was down 3.03 percent on the day. Bitcoin is currently changing hands at $8,144, according to CoinDesk’sBitcoin Price Index. Amid the lack of traderenthusiasm, two long-term moving averages – the 100 and 200-day – crossed over on Nov. 17, suggesting a long-term trend change in favor of the bears. Related:An Army of Bitcoin Devs Is Battle-Testing Upgrades to Privacy and Scaling As seen above, a crossover of the two averages, whereby the 100-period moves below the 200-period, does not bode well for bitcoin’s price. Back in early 2018, a long-term bear cross saw prices fall by as much as 60 percent. While past events are not indicative of future results, it does raise the question: how far can bitcoin’s value fall? Further losses will expose prices to the 100-period moving average on the weekly chart, now located at $7,520. With a lack of bullish fundamentals, bitcoin is deflating under seller pressure, as reflected in the daily and weekly RSI’s (not shown) which are in bearish territory beneath the neutral 50.00 line. Related:Crypto Derivatives: A Corner of the Market or the Market Itself? Selling volume has also risen to its highest in three days, adding to the credence of the downside move. The bulls need to enter back into the fray in force if they hope to stem the bleeding, and need a firm close above $9,000 to reverse the current trend. For now, that seems a tall order. Disclosure:The author holds no cryptocurrency assets at the time of writing. • How to Spot Bitcoin’s Golden or Death Cross Using Simple Moving Averages • Alibaba Denies ‘Partnership’ With Lolli, Highlighting Crypto Industry Pitfalls... - 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.
8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79
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:** ['Bitbox, the cryptocurrency exchange by Japanese messaging giant LINE, is delisting XRP.\nAnnouncing the news on Monday, Singapore-based Bitboxsaidit is also delisting XRP pairs tied against bitcoin (BTC), ether (ETH) and Tether (USDT). The delisting takes place on Jan. 16.\nAccordingly, users will no longer be able to trade and deposit XRP, and they have until Feb. 16 to withdraw their funds.\nWhile Bitbox did not give specific reasons for the move, the exchange said it delists coins when they do not meet its standards based on “performance, reliability, liquidity, or law and regulatory requirements.”\nBitBox was launched in July 2018 and is one of the two cryptocurrency exchanges LINE operates to serve its over 80 million users. Japan-based Bitmax is the other exchange that recentlyreceiveda license from the country’s financial regulator. Notably, Bitmax was approved to offer trading services in XRP.', 'Bitbox, the cryptocurrency exchange by Japanese messaging giant LINE, is delisting XRP. Announcing the news on Monday, Singapore-based Bitbox said it is also delisting XRP pairs tied against bitcoin (BTC), ether (ETH) and Tether (USDT). The delisting takes place on Jan. 16. Accordingly, users will no longer be able to trade and deposit XRP, and they have until Feb. 16 to withdraw their funds. While Bitbox did not give specific reasons for the move, the exchange said it delists coins when they do not meet its standards based on “performance, reliability, liquidity, or law and regulatory requirements.” BitBox was launched in July 2018 and is one of the two cryptocurrency exchanges LINE operates to serve its over 80 million users. Japan-based Bitmax is the other exchange that recently received a license from the country’s financial regulator. Notably, Bitmax was approved to offer trading services in XRP. View comments', 'While many of us were buying last-minute Christmas presents of socks and aftershave, in Argentina, it looks as if the focus was on Bitcoin. According to incredible stats compiled by CoinDance, Bitcoin trading in Argentina skyrocketed to an all-time high in the run-up to Christmas. Peer-to-peer Bitcoin trading in Argentina CoinDance measures the volume of transactions over time on peer-to-peer (P2P) platforms. It found that Bitcoin trading in Argentina in the week of December 21 reached a staggering $32.6 million Argentine pesos (approximately $544,905 US dollars). That\x92s 34% more than the volume registered in previous weeks and marks a historical record in P2P trading on LocalBitcoins \x96 a platform popular in the Latin American country. Bitcoin trading in Argentina While Bitcoin trading in Argentina has cooled off again since reaching its peak, the increased trading volume in December demonstrates Argentina\x92s growing interest in Bitcoin. At 55.44% at the end of 2019, inflation in Argentina is among the highest in the world. This makes it impossible for Argentines to save in their national currency. But why was there such a spike in peer-to-peer Bitcoin trading in Argentina the week of December 21? A historic distrust of its national currency Argentines historically distrust their national currency \x96 and with good reason. It\x92s let them down many times before with wide-scale devaluations and banking crises. This has fostered an obsession with dollars in the country. Many Argentines wishing to save or carry out transactions on high-ticket items instinctively convert their pesos to dollars. Since President Macri\x92s sweeping defeat in October, in an attempt to prevent capital flight, the Argentine central bank restricted the purchase of foreign currency to just $200 per month per citizen. On Tuesday December 17, the new Argentine government led by Alberto Fernández announced a new series of measures to further hamper access to dollars and foster a new \x93love of the peso\x94. Story continues The first of which is abolishing a tax on saving in pesos. \x93We need to recover savings in our currency,\x94 said the new Minister of Economy, Martín Guzmán, as he announced that the tax on savings in pesos was being written off. \x93We also need to discourage savings in a currency that we do not produce, which are dollars,\x94 he added. Therefore, in addition to the $200 monthly limit, Argentines will pay a 30% tax for the purchase of dollars and for any expenses abroad. These include tourism (making it harder for Argentines to travel) and even services such as Netflix, Airbnb, and Spotify. The tax will not affect expenses related to health, medications, books, and research projects. These measures are part of the so-called \x93Law of Solidarity and Productive Reactivation\x94 that the government plans to push through parliament. According to Guzmán, it is \x93the first step to resolve the economic and social crisis that Argentina is going through\x94. 70% of funds collected with the \x93dollar tax\x94 will go to the social security system, while the remaining 30% will finance infrastructure and housing works in the country. Solidarity law pushing Argentines to Bitcoin The reasons behind the Law of Solidarity and Productive Reactivation may be well-intended. However, it\x92s hard to change a mindset built up over the years and encourage trust in the peso again. It\x92s certainly no coincidence that the spike in Bitcoin trading in Argentina resulted shortly after the new measures were announced. Argentina is not the only country in Latin America to have a tendency towards P2P BTC trading. Venezuela also reached an all-time high that same week, representing a 15.6% increase from the week before. Argentina\x92s ravaged neighbours to the north, in fact, are still showing more and more interest in Bitcoin trading, registering another all-time high the week of January 4. Bitcoin trading in Venezuela Bitcoin \x96 a new Latin American alternative? Argentina and Venezuela are in the throes of complicated economic and financial crises. The situation in Venezuela is far worse, with annual inflation of over 10 million percent . However, the Argentine peso is also being weakened on an almost daily basis. Both countries are also struggling to attract investment and have restricted access to international credit. The devaluation of local currencies is one of the main reasons specialised investors and a young tech-savvy population have turned to Bitcoin \x96 as an alternative to escape monetary depreciation and shield their wealth. However, the enormous obstacles and restrictions on access to foreign exchange have further boosted P2P Bitcoin trading in Argentina and Venezuela. These activities are not yet regulated by current legislation and have allowed investors to quickly exchange their local currency for units or fractions of cryptocurrencies that are traded internationally. Bitcoin may have been born from the ashes of the last global economic meltdown, but the majority of its users are treating it as a store of value. For countries like Argentina and Venezuela, Bitcoin is truly proving to be a viable way of escaping erroneous economic policies and weak local fiat currencies. The post Bitcoin trading in Argentina hits all-time high in run-up to Christmas appeared first on Coin Rivet .', 'While many of us were buying last-minute Christmas presents of socks and aftershave, in Argentina, it looks as if the focus was on Bitcoin. According to incredible stats compiled by CoinDance, Bitcoin trading in Argentina skyrocketed to an all-time high in the run-up to Christmas. Peer-to-peer Bitcoin trading in Argentina CoinDance measures the volume of transactions over time on peer-to-peer (P2P) platforms. It found that Bitcoin trading in Argentina in the week of December 21 reached a staggering $32.6 million Argentine pesos (approximately $544,905 US dollars). That\x92s 34% more than the volume registered in previous weeks and marks a historical record in P2P trading on LocalBitcoins \x96 a platform popular in the Latin American country. Bitcoin trading in Argentina While Bitcoin trading in Argentina has cooled off again since reaching its peak, the increased trading volume in December demonstrates Argentina\x92s growing interest in Bitcoin. At 55.44% at the end of 2019, inflation in Argentina is among the highest in the world. This makes it impossible for Argentines to save in their national currency. But why was there such a spike in peer-to-peer Bitcoin trading in Argentina the week of December 21? A historic distrust of its national currency Argentines historically distrust their national currency \x96 and with good reason. It\x92s let them down many times before with wide-scale devaluations and banking crises. This has fostered an obsession with dollars in the country. Many Argentines wishing to save or carry out transactions on high-ticket items instinctively convert their pesos to dollars. Since President Macri\x92s sweeping defeat in October, in an attempt to prevent capital flight, the Argentine central bank restricted the purchase of foreign currency to just $200 per month per citizen. On Tuesday December 17, the new Argentine government led by Alberto Fernández announced a new series of measures to further hamper access to dollars and foster a new \x93love of the peso\x94. Story continues The first of which is abolishing a tax on saving in pesos. \x93We need to recover savings in our currency,\x94 said the new Minister of Economy, Martín Guzmán, as he announced that the tax on savings in pesos was being written off. \x93We also need to discourage savings in a currency that we do not produce, which are dollars,\x94 he added. Therefore, in addition to the $200 monthly limit, Argentines will pay a 30% tax for the purchase of dollars and for any expenses abroad. These include tourism (making it harder for Argentines to travel) and even services such as Netflix, Airbnb, and Spotify. The tax will not affect expenses related to health, medications, books, and research projects. These measures are part of the so- **Last 60 Days of Bitcoin's Closing Prices:** [8804.88, 8813.58, 9055.53, 8757.79, 8815.66, 8808.26, 8708.09, 8491.99, 8550.76, 8577.98, 8309.29, 8206.15, 8027.27, 7642.75, 7296.58, 7397.80, 7047.92, 7146.13, 7218.37, 7531.66, 7463.11, 7761.24, 7569.63, 7424.29, 7321.99, 7320.15, 7252.03, 7448.31, 7547.00, 7556.24, 7564.35, 7400.90, 7278.12, 7217.43, 7243.13, 7269.68, 7124.67, 7152.30, 6932.48, 6640.52, 7276.80, 7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-01-07 **Financial & Commodity Data:** - Gold Closing Price: $1571.80 - Crude Oil Closing Price: $62.70 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.40 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Cryptocurrency Experts Reshaping the Financial Landscape with a Truly Decentralized Community BANGKOK, THAILAND / ACCESSWIRE / November 8, 2019 / Utopia, a new player in the blockchain industry, is making its first global presence in Bangkok, Thailand. On November 20th, 2019, Utopia's global launch event will be hosted by its Thailand community. A new site has been launched previously by Utopia for experienced cryptocurrency investors and newbies who want to learn more about creating a strong, steady passive income. The site offers practical information and training on how to utilize the correct Bitcoin investment strategy, along with an affiliate program, to create well above-average returns. Why Did We Create Utopia? In the existing world money works for the banks, producing profit for them as the public utilizes the currency. They can issue more currency and the public will happily pay the banks more money to use it. In this way, the public is serving the money and the money is serving the banks. This is how the centralized financial system creates a hierarchy and maintains the gap between the rich and the poor. "Today, we have the opportunity to apply blockchain technology and spirit to build a new financial system that is independent of the existing financial system and exists in the virtual online world. Everyone is an owner in the system where contributions are rewarded equably. This is a new system of fairness and integrity. The system also represents the voice of most people around the world. People will be happy because they make money easily", said Utopia CEO, Shaun Mendes. The origin of Utopia Originated from the concept of ideal world proposed by Plato, the ancient Greek philosopher, Utopia claims that it is striving to build a new, ideal digital ecosystem and apply blockchain technology to secure everyone's involvement in the running of the enterprise. But what does the new, ideal digital ecosystem look like? Well, it looks like an ideal world, since it returns to the model of "money serves people." With blockchain as its fundamental technology, Utopia possesses the underlying qualities of transparency, equality and reliability. Utopia claims that there's no exploitation, no manipulation, and no money in the form of today's currency. Story continues Utopia combines with BTC to reach global consensus and belief What Is Utopia's Grand Strategy? With hundreds of thousands of global users, Utopia is dedicated to creating a new form of financial and social networks. Utopia is said to run by everyone in its network. To reach a broader consensus, Utopia combines its development with BTC. It is anticipated that it will jointly popularize BTC and promote the growth of BTC/USD exchange rate. Meanwhile, Utopia distributes 100 percent of its profits to all of those who have a consensus on the idea of Utopia. The birth of Utopia resulted from BTC, and the birth of BTC resulted from people's wish to sort out the problems caused by the existing finance and currency system. As an unprecedented breakthrough, the underlying technology of bitcoin is gradually establishing the new financial order. Whilst Utopia is not only a firm supporter of the financial order, but also a forward innovator. Utopia is an "ideal world" created by bitcoin believers and holders all over the world, whose goal is to popularize bitcoin, promote the growth of BTC/USD exchange rate, and distribute 100 percent its revenue to every Utopia idea disseminator. The total amount of bitcoins in circulation is only 21 million, and the number will never increase again. At present, more than 17 million bitcoins have been mined out, among which about 4-4.5 million can't be found due to the loss of private key. Thus, only about 13 million are actually in circulation. As the wind vane of blockchain economy, bitcoin now has the most extensive consensus in the world. Based on blockchain technology, big data, cryptographic algorithm and so on, Utopia has built a super self-reliant financial system driven by the financial system of bitcoin consensus and trust, so that every bitcoin participant can obtain huge victory benefits. Utopia is a new highlight of the digital world The great thing about bitcoin is that it breaks the centralization of currency and introduces cryptocurrency and blockchain to the world. Whilst Utopia is to break the financial barrier of the world, build a new system of global digital blockchain assets, and popularize BTC through accurate calculation and reasonable economic model. Utopia achieves a high level of global consensus via taking BTC as the underlying application, and realizes a decentralized blockchain world via implementing the multi-signature mechanism of BTC. The BTC assets deposited by each user of Utopia will be jointly owned by 10 + N members, and there will be no such problems as central control and run-away. In the world of Utopia, everyone is the owner. In order to make Utopia develop better, based on the reliable economic model on the blockchain, Utopia designed the daily interest rate and annual compound interest rate targeting different needs of participants, ensuring the sustainable income of all participants and the long-term and stable development of Utopia. Utopia assets adopt bitcoin multi-signature mechanism to ensure the safety of each participant's assets. Only by the agreement of 66.66% of the users participating in the multi-signature account can one withdraw the assets in Utopia. Utopia is dedicated to the realization of true decentralization and everyone's participation in the management of the new world of Utopia. The future is at the corner. Utopia is quietly changing the world and our lives with blockchain technology and its unique development concept. Utopia Sherry [email protected] https://utopia.best SOURCE: Utopia View source version on accesswire.com: https://www.accesswire.com/565813/Global-Launch-of-Blockchain-Enterprise-UTOPIA... - Reddit Posts (Sample): [['u/Zaidinator7', 'How does the blockchain know how much bitcoin is being sent?', 14, '2020-01-07 00:11', 'https://www.reddit.com/r/Bitcoin/comments/el24kn/how_does_the_blockchain_know_how_much_bitcoin_is/', 'Is it stored in the transaction ID or something?', 'https://www.reddit.com/r/Bitcoin/comments/el24kn/how_does_the_blockchain_know_how_much_bitcoin_is/', 'el24kn', [['u/mperklin', 13, '2020-01-07 01:05', 'https://www.reddit.com/r/Bitcoin/comments/el24kn/how_does_the_blockchain_know_how_much_bitcoin_is/fdf83xh/', 'A transaction contains a lot of information including:\n\n* Where the coins are coming from (via a list of UTXOs that are being spent)\n* Where the coins are going (via the hash160s of UTXOs that are being created)\n* How many coins are going there (via the quantity of satoshis being sent to each output UTXO)\n* When the transaction should be mined in a block (via the locktime field)\n\n​\n\nIt\'s similar to a cheque that is being sent:\n\n* Whose account are the dollars coming from? (the account ID is printed at the bottom of the cheque in boxy font)\n* Whose account should the dollars go to? (The recipient\'s name is listed in the "To" field of the cheque)\n* How many dollars are being transferred? (The amount is specified in both numerical and written forms on the cheque)\n* When the cheque can be deposited (the date on the cheque)', 'el24kn']]], ['u/AutoModerator', '[Daily Discussion] Tuesday, January 07, 2020', 72, '2020-01-07 05:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/el5zpb/daily_discussion_tuesday_january_07_2020/', "**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**Other ways to interact:**\n\n* [Get an invite](https://join.slack.com/t/reddit-bitcoinmarkets/shared_invite/enQtNjM1NTg3ODgwODUzLTQ2NjZjYjYxMWExZmZmMWY0MDNlN2JlM2RhZmM0NWY1YzY1MDlkOTMyNWFjNTZjYTg1ZDM2YmEwMWRkZjIwYjM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)\n* Set your flair to trade pretend money in [the Flair Game](https://coinsight.org/flairgame)\n* Weekly threads: [Newbie Mondays](http://www.reddit.com/r/BitcoinMarkets/search?q=newbie+monday&sort=new&restrict_sr=on&t=all) and [Fundamentals Fridays](http://www.reddit.com/r/BitcoinMarkets/search?q=fundamentals+friday&sort=new&restrict_sr=on&t=all)\n* Altcoins Discussion: [Altcoin Discussion](http://www.reddit.com/r/BitcoinMarkets/search?q=altcoin+discussion&sort=new&restrict_sr=on&t=all)", 'https://www.reddit.com/r/BitcoinMarkets/comments/el5zpb/daily_discussion_tuesday_january_07_2020/', 'el5zpb', [['u/lethrwawy', 24, '2020-01-07 05:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/el5zpb/daily_discussion_tuesday_january_07_2020/fdfv3lj/', "Y'all I'm sorry. I FOMO'd in. My bad.", 'el5zpb'], ['u/GarlicLottery', 16, '2020-01-07 05:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/el5zpb/daily_discussion_tuesday_january_07_2020/fdfw25t/', "You probably bought from me. It will be interesting to see who's happier about this transaction in the weeks to come.", 'el5zpb'], ['u/_TROLL', 19, '2020-01-07 06:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/el5zpb/daily_discussion_tuesday_january_07_2020/fdfyj1q/', "It's difficult for that chart to not be accurate -- look at January 2021 for example, [the price could be anywhere from $5500 to $80,000](https://www.tradingview.com/chart/BTCUSD/JSP3KDmy-New-long-term-prediction-as-I-see-it-now/) and that chart would technically 'fit'.", 'el5zpb'], ['u/BlackSpidy', 18, '2020-01-07 07:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/el5zpb/daily_discussion_tuesday_january_07_2020/fdg3dbw/', 'Yees. Yeeees. Let the FOMO flow through you.', 'el5zpb'], ['u/Academic_Crypto', 23, '2020-01-07 09:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/el5zpb/daily_discussion_tuesday_january_07_2020/fdg84v8/', 'This is incorrect. Coinmarketcap shows the market capitalization of Tether increasing because they had mistakenly not counted Tether in the Tron network before.\n\n [https://twitter.com/StablecoinsW/status/1214352289793822720](https://twitter.com/StablecoinsW/status/1214352289793822720) \n\n​\n\nYou can verify this by looking at archived versions of the Tether audit page and observing the total liabilities of USDT.\n\nNow (4.656B) - [https://wallet.tether.to/transparency](https://wallet.tether.to/transparency) \nJanuary 1st, 2020 (4.713B) - [https://web.archive.org/web/20200101093058/https://wallet.tether.to/transparency](https://web.archive.org/web/20200101093058/https://wallet.tether.to/transparency)', 'el5zpb'], ['u/krom1985', 11, '2020-01-07 09:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/el5zpb/daily_discussion_tuesday_january_07_2020/fdg8t52/', 'The analysis we need, yet barely deserve.', 'el5zpb'], ['u/DaddyLittlePrincess8', 12, '2020-01-07 09:44', 'https://www.reddit.com/r/BitcoinMarkets/comments/el5zpb/daily_discussion_tuesday_january_07_2020/fdga4i7/', "Whilst I don't endorse said chart, I think the general belief is that the accuracy to date is in the following of the burgundy arrows. \n\nPretty sure it'd fall off the repost radar if it was just inside the green channel.", 'el5zpb'], ['u/The_Remmer', 15, '2020-01-07 10:53', 'https://www.reddit.com/r/BitcoinMarkets/comments/el5zpb/daily_discussion_tuesday_january_07_2020/fdgcywt/', 'Here is why I am long-term bullish, short-term bullish, and medium-term undecided: [https://imgur.com/a/z802FEb](https://imgur.com/a/z802FEb) The order of the images was meant to be the opposite lol sorry.\n\nWhat do you think?', 'el5zpb'], ['u/Sharkchild', 12, '2020-01-07 10:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/el5zpb/daily_discussion_tuesday_january_07_2020/fdgd438/', 'I believe you are looking for the word "or." 👍', 'el5zpb'], ['u/sl0wRoast', 14, '2020-01-07 12:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/el5zpb/daily_discussion_tuesday_january_07_2020/fdgif5w/', "We ain't done yet", 'el5zpb'], ['u/amiblue333', 10, '2020-01-07 13:52', 'https://www.reddit.com/r/BitcoinMarkets/comments/el5zpb/daily_discussion_tuesday_january_07_2020/fdglqqb/', 'Looks like Bitcoin is repeating what it did yesterday. Few more hours till $8000 is broken for good.', 'el5zpb'], ['u/not_your_keys', 32, '2020-01-07 16:09', 'https://www.reddit.com/r/BitcoinMarkets/comments/el5zpb/daily_discussion_tuesday_january_07_2020/fdgw4p5/', "Are you ready my frens? https://i.imgur.com/2NWQ728.png\n\nGrinding the top of the downward channel we've been in for months. We're probably going to see a wick down to ~7700 before a violent move up through 8000. \n\n~$8500 is going to be pretty massive resistance so I think it stops around then, ranges between 8200 and 8400 for a week or so before another big move.\n\nBreaking out of this downtrend would change the tides.", 'el5zpb'], ['u/cryptogrip', 12, '2020-01-07 16:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/el5zpb/daily_discussion_tuesday_january_07_2020/fdgx3ps/', "For concepts, that and 'The Bitcoin Standard', plus countless resources online. Just keep in mind that now that we've had more time to see how this is all unfolding, it's looking like the currency use case will come after Bitcoin matures a little more as a macro investment asset first. Currency requires infrastructure, additional layering / development, and a few generations to shift their financial habits. \n\nEven more importantly, for anything to function as money, it must be BOTH a value store and a currency. It's only been 10 years and Bitcoin seems to be moving into the speculative investment / value store as digital gold quite nicely. Then once enough people own Bitcoin and the infrastructure and development are in place for the next generation, who already grew up exchanging all things digitally, we should see the currency use case take off. The only thing Bitcoin needs is time, and for now the investment use case has already come way further than any of us dreamed back when Bitcoin was less than 100 bucks. The network that has grown around Bitcoin is VERY impressive and provides security, stability and decentralization that all those shitcoins could only dream of having.\n\nAnyone that says Bitcoin is not successful are absurdly incorrect. On any other sane measurement on the planet, if something goes from pennies to thousands of dollars in just a decade, that would be defined as incredible success. We just gotta keep things in perspective.", 'el5zpb'], ['u/DEEPFIELDSTAR', 11, '2020-01-07 16:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/el5zpb/daily_discussion_tuesday_january_07_2020/fdgz3hw/', 'lol @ your post history', 'el5zpb'], ['u/cryptogrip', 12, '2020-01-07 16:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/el5zpb/daily_discussion_tuesday_january_07_2020/fdgz4zm/', 'I see, so you call it yesterday, wait a day for it to happen, and then come on to brag about how you were right, only to be wrong lol.', 'el5zpb'], ['u/[deleted]', 12, '2020-01-07 16:51', 'https://www.reddit.com/r/BitcoinMarkets/comments/el5zpb/daily_discussion_tuesday_january_07_2020/fdgzvvv/', 'The “dump” of 3% after going up 15%. Got it.', 'el5zpb'], ['u/shel191', 14, '2020-01-07 17:52', 'https://www.reddit.com/r/BitcoinMarkets/comments/el5zpb/daily_discussion_tuesday_january_07_2020/fdh5pyu/', "Fascinating price action today. Bulls couldn't push through the massive resistance at 8k and bears successfully maintained the macro downtrend, but it looks like the bulls just engulfed the selloff and are pushing to re-test 8k.", 'el5zpb'], ['u/jmw74', 16, '2020-01-07 17:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/el5zpb/daily_discussion_tuesday_j... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04
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:** ['Bitcoin rallied by 5.09% on Tuesday. Following on from a 5.35% bounce on Monday, Bitcoin ended the day at $8,154.1. A mixed start to the day saw Bitcoin rise to a late morning high $7,952.0 before falling to a late afternoon intraday low $7,741.9. Bitcoin broke through the first major resistance level at $7,909.27 before the pullback. Steering clear of the first major support level at $7,482.27, Bitcoin rallied to a late intraday high $8,210.3. Bitcoin broke through the first major resistance level at $7,909.27 and the second major resistance level at $8,060.63. The 23.6% FIB of $8,200 limited the upside on the day. The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, in spite of the current week rally. For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the top 10 cryptos, it was a mixed day for the majors. Binance Coin (+0.47%), EOS (+0.06%), and Litecoin (+1.20%) joined Bitcoin in the green. It was a bearish day for the rest of the pack, however. Ripple’s XRP and Stellar’s Lumen led the way down, sliding by 4.30% and 3.93% respectively. Bitcoin Cash SV (-3.42%) and Tron’s TRX (-3.00%) also saw relatively heavy losses. Bitcoin Cash ABC (-0.31%), Ethereum (-0.78%), and Monero’s XMR (-0.81%) saw modest losses on the day. Through the start of the week, the crypto total market cap jumped to an early Wednesday current week high $220.27bn. At the time of writing, the total market cap stood at $220.00bn, with the majors seeing further upside early on this morning. Bitcoin’s dominance surged to 69% levels, driven by 2 solid days in the green. Trading volumes hit $92bn levels on Tuesday. At the time of writing, volumes were at $93bn levels. This Morning At the time of writing, Bitcoin was up by 2.91% to $8,391.0. A particularly bullish start to the day saw Bitcoin rise from an early morning low $8,148.8 to a high $8,442.0. Story continues Breaking out from the 23.6% FIB of $8,200, Bitcoin broke through the first major resistance level at $8,328.97 early on. Elsewhere, it was also a bullish start to the day. Bitcoin Cash ABC (+2.52%), EOS (+2.73%), Ethereum (+2.49%), Litecoin (+3.86%), Monero’s XMR (+2.77%) and Tron’s TRX (+2.00%) also found strong support early on. Binance Coin (+0.94%), Bitcoin Cash SV (+1.71%), Ripple’s XRP (+1.21%), and Stellar’s Lumen (+1.32%) trailed the pack. For the Bitcoin Day Ahead Bitcoin would need to hold above the first major resistance level at $8,328.97 to support a run at the second major resistance level at $8,503.83. We can expect the news wires to have a material influence on the day, with this week’s gains likely to have come from events in the Middle East. Expect Bitcoin to break out from the second major resistance level should the U.S respond to Iran’s attacks on military bases in Iraq. Resistance at $8,972.23 would likely limit any upside in the event of an extended rally on the day, however. Failure to hold above the first major resistance level could see Bitcoin hit reverse. A fall through the 23.6% FIB of $8,200 to sub-$8,040 levels would bring the first major support level at $7,860.57 into play. Barring a crypto meltdown, however, Bitcoin should steer clear of sub-$8,000 levels. This article was originally posted on FX Empire More From FXEMPIRE: S&P 500 Price Forecast – Stock Markets Quiet On Tuesday Risk Aversion Hits as Iran Retaliates. Expect Little Influence from the Stats… US Stock Market Overview – Stocks Slide as Geopolitics Weighs on Markets E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Needs to Hold 8799.25 to Sustain Upside Bias Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – 08/01/20 Time for a Rebound in USD/CAD?', 'Bitcoin rallied by 5.09% on Tuesday. Following on from a 5.35% bounce on Monday, Bitcoin ended the day at $8,154.1.\nA mixed start to the day saw Bitcoin rise to a late morning high $7,952.0 before falling to a late afternoon intraday low $7,741.9.\nBitcoin broke through the first major resistance level at $7,909.27 before the pullback.\nSteering clear of the first major support level at $7,482.27, Bitcoin rallied to a late intraday high $8,210.3.\nBitcoin broke through the first major resistance level at $7,909.27 and the second major resistance level at $8,060.63.\nThe 23.6% FIB of $8,200 limited the upside on the day.\nThe near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, in spite of the current week rally.\nFor the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.\nAcross the rest of the top 10 cryptos, it was a mixed day for the majors.\nBinance Coin (+0.47%), EOS (+0.06%), and Litecoin (+1.20%) joined Bitcoin in the green.\nIt was a bearish day for the rest of the pack, however.\nRipple’s XRP and Stellar’s Lumen led the way down, sliding by 4.30% and 3.93% respectively.\nBitcoin Cash SV (-3.42%) and Tron’s TRX (-3.00%) also saw relatively heavy losses.\nBitcoin Cash ABC (-0.31%), Ethereum (-0.78%), and Monero’s XMR (-0.81%) saw modest losses on the day.\nThrough the start of the week, the crypto total market cap jumped to an early Wednesday current week high $220.27bn. At the time of writing, the total market cap stood at $220.00bn, with the majors seeing further upside early on this morning.\nBitcoin’s dominance surged to 69% levels, driven by 2 solid days in the green. Trading volumes hit $92bn levels on Tuesday. At the time of writing, volumes were at $93bn levels.\nAt the time of writing, Bitcoin was up by 2.91% to $8,391.0. A particularly bullish start to the day saw Bitcoin rise from an early morning low $8,148.8 to a high $8,442.0.\nBreaking out from the 23.6% FIB of $8,200, Bitcoin broke through the first major resistance level at $8,328.97 early on.\nElsewhere, it was also a bullish start to the day.\nBitcoin Cash ABC (+2.52%), EOS (+2.73%), Ethereum (+2.49%), Litecoin (+3.86%), Monero’s XMR (+2.77%) and Tron’s TRX (+2.00%) also found strong support early on.\nBinance Coin (+0.94%), Bitcoin Cash SV (+1.71%), Ripple’s XRP (+1.21%), and Stellar’s Lumen (+1.32%) trailed the pack.\nBitcoin would need to hold above the first major resistance level at $8,328.97 to support a run at the second major resistance level at $8,503.83.\nWe can expect the news wires to have a material influence on the day, with this week’s gains likely to have come from events in the Middle East.\nExpect Bitcoin to break out from the second major resistance level should the U.S respond to Iran’s attacks on military bases in Iraq.\nResistance at $8,972.23 would likely limit any upside in the event of an extended rally on the day, however.\nFailure to hold above the first major resistance level could see Bitcoin hit reverse.\nA fall through the 23.6% FIB of $8,200 to sub-$8,040 levels would bring the first major support level at $7,860.57 into play.\nBarring a crypto meltdown, however, Bitcoin should steer clear of sub-$8,000 levels.\nThisarticlewas originally posted on FX Empire\n• S&P 500 Price Forecast – Stock Markets Quiet On Tuesday\n• Risk Aversion Hits as Iran Retaliates. Expect Little Influence from the Stats…\n• US Stock Market Overview – Stocks Slide as Geopolitics Weighs on Markets\n• E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Needs to Hold 8799.25 to Sustain Upside Bias\n• Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – 08/01/20\n• Time for a Rebound in USD/CAD?', 'Investors are looking for safe havens like gold and decentralized currencies as tensions in the Middle East region spike followingIran\'s strike at two airbasesin Iraq that hosted American troops.\nWhat Happened\nMore than a dozen ballistic missiles were launched targeting the Al-Assad and Irbil military bases hosting U.S. troops, the Pentagon confirmed on Tuesday, after Iran claimed responsibility for the attacks.\n"All is well!" President Donald Trumpsaidon Twitter. "Assessment of casualties & damages taking place now. So far, so good! We have the most powerful and well equipped military anywhere in the world, by far!"\nTrump added that he would make a formal statement Wednesday morning. No casualties in the attack have been confirmed yet.\nDefense stockssurged in after-hours tradingon Tuesday, as speculations over the possibility of an imminent war between the two countries increase.\nAsian stocks and U.S. futures tumbled in the face of the latest global macroeconomic risk.\nAsia Stocks\nHere\'s how the markets performed in Asia at press time.\nJapan\'s Nikkei 225 was down 1.96% at 23,114.64, and TOPIX traded 1.81% lower at 1693.76.\nChina\'s Shanghai Composite dropped 0.5% at 3089.28. Shenzhen Component traded largely unchanged at 1791.37.\nHong Kong\'s Hang Seng Index was down 1.16% at 27,993.54. South Korea\'s KOSPI traded 1.16% lower at 2,150.23.\nSingapore\'s STI traded 0.76% lower at 3223.04.\nUS Futures\nDow Jones Futures were down 0.31% at 28,438.\nNASDAQ 100 futures traded 0.38% lower at 8,819.\nS&P 500 Futures lost 8.75 points at 3,226.40.\nGold, Bitcoin Make Gains\nBitcoin (BTC) traded 5.35% higher at $8,311.36 at press time. The apex cryptocurrency reached as high as $8,442 following the Iran strikes.\nGold Futures traded 1.25% higher at $1594.15. Earlier in the day, the prices briefly soared above the $1,600 mark for the first time since 2013.\nThe West Texas Intermediate crude futures traded 1.48% higher at $63.62 a barrel. Brent crude futures were up 1.57% at $69.34.\n0\nSee more from Benzinga\n• Iran Strikes Airbase Hosting US Troops In Iraq, Oil Rises\n• Citron Names Top Long And Short Ideas For 2020\n• Parents Of Toddler Crushed Under Ikea Dresser Get M In Settlement\n© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'Investors are looking for safe havens like gold and decentralized currencies as tensions in the Middle East region spike followingIran\'s strike at two **Last 60 Days of Bitcoin's Closing Prices:** [8813.58, 9055.53, 8757.79, 8815.66, 8808.26, 8708.09, 8491.99, 8550.76, 8577.98, 8309.29, 8206.15, 8027.27, 7642.75, 7296.58, 7397.80, 7047.92, 7146.13, 7218.37, 7531.66, 7463.11, 7761.24, 7569.63, 7424.29, 7321.99, 7320.15, 7252.03, 7448.31, 7547.00, 7556.24, 7564.35, 7400.90, 7278.12, 7217.43, 7243.13, 7269.68, 7124.67, 7152.30, 6932.48, 6640.52, 7276.80, 7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-01-08 **Financial & Commodity Data:** - Gold Closing Price: $1557.40 - Crude Oil Closing Price: $59.61 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.51 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin unexpectedly rose by 8% in just three minutes earlier today as bullish sentiment begins to re-enter the cryptocurrency markets. Following an abrasive daily candle close which saw Bitcoin suddenly drop from $7,300 to $7,100 yesterday evening, it consolidated today at $7,200 before surging towards the $7,800 level of resistance. The dramatic rise from $7,200 to $7,800 saw a total of $59.71 million in short positions liquidated on derivatives exchange BitMEX, according to Datamish . Price has now began to consolidate in the $7,500 region, which could fuel a continuation rally back to the $8,000 region. However, the 100 exponential moving average (EMA) on the four-hour chart has been a bitter point of resistance on three occasions over the past month, and that level will need to be broken before an extended rally can take place. The 100 EMA currently lies at around $7,600, while the 200 EMA is at $7,950. It’s also worth noting that in addition to last month’s death cross, the 100 EMA is now sloping dangerously towards the 200 EMA, which could indicate that a further downside correction is on the cards. If Bitcoin fails to break out above $8,000 over the coming weeks, it would mark another sinister lower high, which would suggest that the ongoing bear market is far from over and that downside price targets of $5,900 and $3,150 could well come into play. For more news, guides, and cryptocurrency analysis, click here . The post $60 million liquidated as Bitcoin pumps 8% in three minutes appeared first on Coin Rivet . 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.
7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Bux , the Amsterdam-based fintech that wants to make investing more accessible, has acquired the European "social" cryptocurrency investment platform Blockport. Terms of the deal remain undisclosed, although Bux says the move paves the way for the company to launch its own branded cryptocurrency investment app. Dubbed " BUX Crypto," it will be available in the nine countries in which Bux operates, and is planned to go live in Q1 this year. In addition, we are told the founders and core team members of Blockport will join Bux and "take ownership" of the Bux cryptocurrency offering. Once launched, BUX Crypto users will be able to access a variety of financial assets and markets, including Bitcoin, Ethereum and XRP. The Blockport Token will also be rebranded to the BUX Token. "This will remain integrated in the platform and will also keep its trading discount function, which offers users a discount on trading fees," says Bux. Users will also be able to use the BUX Token in the future when more premium features become available, such as "advanced social community features" (whatever that means). The move is especially interesting in context of competitors such as Robinhood and, to some extent, Revolut, which, alongside Freetrade, compete with Bux in the U.K. in the fee-free trading space for public markets (well, once Robinhood launches in Europe), and soon crypto. “Bux users have long expressed interest in investing in cryptocurrency and we have been presented with an opportunity to bring on a committed and enthusiastic team that aligns clearly with our mission at Bux," says Nick Bortot, CEO and founder of Bux, in a statement. "This mission is to help young Europeans do more with their money. With BUX Zero and BUX X firmly positioned in Europe as the place to invest and trade, taking on a fully established cryptocurrency partner that can deliver the experience that our Bux users have come to expect was a natural fit for us." Meanwhile, Bux says it believes cryptocurrency will play a "vital role" in the future of the financial ecosystem. And that by including the crypto asset class, the company can position itself as a "360-degree solution" for all the investing needs of European millennials. BUX Crypto will register with the Dutch Central Bank (DNB) as a cryptocurrency services provider.', 'Bux, the Amsterdam-based fintech that wants to make investing more accessible, has acquired the European "social" cryptocurrency investment platform Blockport.\nTerms of the deal remain undisclosed, although Bux says the move paves the way for the company to launch its own branded cryptocurrency investment app. Dubbed "BUXCrypto," it will be available in the nine countries in which Bux operates, and is planned to go live in Q1 this year.\nIn addition, we are told the founders and core team members ofBlockportwill join Bux and "take ownership" of the Bux cryptocurrency offering.\nOnce launched,BUXCrypto users will be able to access a variety of financial assets and markets, including Bitcoin, Ethereum and XRP. TheBlockportToken will also be rebranded to the BUX Token.\n"This will remain integrated in the platform and will also keep its trading discount function, which offers users a discount on trading fees," says Bux. Users will also be able to use the BUX Token in the future when more premium features become available, such as "advanced social community features" (whatever that means).\nThe move is especially interesting in context of competitors such asRobinhoodand, to some extent,Revolut,which, alongside Freetrade, compete with Bux in the U.K. in thefee-free trading spacefor public markets (well,once Robinhood launchesin Europe), and soon crypto.\n“Bux users have long expressed interest in investing in cryptocurrency and we have been presented with an opportunity to bring on a committed and enthusiastic team that aligns clearly with our mission at Bux," says Nick Bortot, CEO and founder of Bux, in a statement. "This mission is to help young Europeans do more with their money. With BUX Zero and BUX X firmly positioned in Europe as the place to invest and trade, taking on a fully established cryptocurrency partner that can deliver the experience that our Bux users have come to expect was a natural fit for us."\nMeanwhile, Bux says it believes cryptocurrency will play a "vital role" in the future of the financial ecosystem. And that by including the crypto asset class, the company can position itself as a "360-degree solution" for all the investing needs of European millennials.\nBUX Crypto will register with the Dutch Central Bank (DNB) as a cryptocurrency services provider.', "Stock Markets in Asia and Europe breathed a sigh of relief on Thursday after a week of anxiety over US-Iran relations that seemed to head to a war-like situation. Safe havens like gold, Japanese yen, and Swiss franc retreated after surging earlier in the week as traders looked to secure their investments. Cryptocurrencies, including Bitcoin (BTC), too suffered marketwide losses on Thursday. What Happened President Donald Trump, in his Wednesday address, said that the U.S. wants to pursue de-escalation of the situation. The Trump Administration will move for economic sanctions instead of further military action, he suggested. “The U.S. is ready to embrace peace with all who seek it,” the president said, adding that Iran too appeared to be “standing down.” Trump was speaking in the aftermath of Iran’s strikes at Iraqi airbases that hosted American troops. No casualties were reported from the incident. Irani leaders, too, have said that the country will not pursue further escalation in the absence of American provocation. Iran’s ambassador to the United Nations told the bloc that it doesn’t seek “escalation or war,” and that its strikes were a “measured and proportionate military response.” Some analysts are doubting whether this will indeed be the end of Iran’s revenge for killing Soleimani, who was often described as Iran’s second most powerful person after Supreme Leader Ali Khamenei, The Nikkei Asian Review reported. The experts polled by The Nikkei noted that Iranian hackers are notorious for cyber attacks, and more such attacks could follow as revenge for Soleimani’s death. Nevertheless, fears of immediate armed conflicts seem to have eased. Asia, Europe Stocks This is how stock markets in Asia performed at press time: Japan's Nikkei 225 index was up 2.31% at 23,739.87 and TOPIX traded 1.63% higher. China's Shanghai Composite was up 0.91% at 3,094.88. Shenzhen Component was up 1.75%. Hong Kong's HSI index traded 1.68% higher at 28,558.76. Story continues South Korea's KOSPI added 1.63% at 2,186.45. India's Nikkei 50 and SENSEX both traded 1.4% higher. Elsewhere in Europe, London’s FTSE 100 index traded 0.45% higher at 7,608.74 in early trade. Germany's DAX index was up 1.18% at 13,478.38. France's CAC 40 traded 0.51% higher. US Futures Dow Jones futures were up 0.28% at 28,850. NASDAQ 100 futures traded 0.42% higher at 8,982.50. S&P 500 futures were up 0.31% at 3,270.50 Safe Havens Gold futures were down 0.86% at $1,546.85. Silver futures were down 1.32% at $17.93. The U.S. dollar gained 0.22% against the Japanese Yen at 109.36. The dollar was 0.04% up against the Swiss franc at 0.9741. Bitcoin was down 4.54% at $7937.53. 0 See more from Benzinga Billionaire Gives Away M As 'Social Experiment,' Breaks Twitter Records Uber Introduces Changes To Avoid California's New Gig Economy Law © 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.", "Stock Markets in Asia and Europe breathed a sigh of relief on Thursday after a week of anxiety over US-Iran relations that seemed to head to a war-like situation.\nSafe havens like gold, Japanese yen, and Swiss franc retreated aftersurging earlier in the weekas traders looked to secure their investments.\nCryptocurrencies, including Bitcoin (BTC), too suffered marketwide losses on Thursday.\nWhat Happened\nPresident Donald Trump, in his Wednesday address, said that the U.S.wants to pursue de-escalationof the situation.\nThe Trump Administration will move for economic sanctions instead of further military action, he suggested.\n“The U.S. is ready to embrace peace with all who seek it,” the president said, adding that Iran too appeared to be “standing down.”\nTrump was speaking in the aftermath ofIran’s strikes at Iraqi airbasesthat hosted American troops. No casualties were reported from the incident.\nIrani leaders, too, have said that the country will not pursue further escalation in the absence of American provocation.\nIran’s ambassador to the United Nationstold the blocthat it doesn’t seek “escalation or war,” and that its strikes were a “measured and proportionate military response.”\nSome analysts are doubting whether this will indeed be the end of Iran’s revenge for killing Soleimani, who was often described as Iran’s second most powerful person after Supreme Leader Ali Khamenei, The Nikkei Asian Review reported.\nThe experts polled by The Nikkei noted that Iranian hackers are notorious for cyber attacks, and more such attacks could follow as revenge for Soleimani’s death.\nNevertheless, fears of immediate armed conflicts seem to have eased.\nAsia, Europe Stocks\nThis is how stock markets in Asia performed at press time:\nJapan's Nikkei 225 index was up 2.31% at 23,739.87 and TOPIX traded 1.63% higher.\nChina's Shanghai Composite was up 0.91% at 3,094.88. Shenzhen Component was up 1.75%.\nHong Kong's HSI index traded 1.68% higher at 28,558.76.\nSouth Korea's KOSPI added 1.63% at 2,186.45. India's Nikkei 50 and SENSEX both traded 1.4% higher.\nElsewhere in Europe, London’s FTSE 100 index traded 0.45% higher at 7,608.74 in early trade. Germany's DAX index was up 1.18% at 13,478.38. France's CAC 40 traded 0.51% higher.\nUS Futures\nDow Jones futures were up 0.28% at 28,850. NASDAQ 100 futures traded 0.42% higher at 8,982.50. S&P 500 futures were up 0.31% at 3,270.50\nSafe Have **Last 60 Days of Bitcoin's Closing Prices:** [9055.53, 8757.79, 8815.66, 8808.26, 8708.09, 8491.99, 8550.76, 8577.98, 8309.29, 8206.15, 8027.27, 7642.75, 7296.58, 7397.80, 7047.92, 7146.13, 7218.37, 7531.66, 7463.11, 7761.24, 7569.63, 7424.29, 7321.99, 7320.15, 7252.03, 7448.31, 7547.00, 7556.24, 7564.35, 7400.90, 7278.12, 7217.43, 7243.13, 7269.68, 7124.67, 7152.30, 6932.48, 6640.52, 7276.80, 7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-01-09 **Financial & Commodity Data:** - Gold Closing Price: $1551.70 - Crude Oil Closing Price: $59.56 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.44 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin jumped the most in two weeks after a U.S. drone strike killed a top Iranian military commander, fueling speculation that heightened geopolitical turmoil might spur demand for the cryptocurrency in 2020. The digital asset’s price jumped 5 percent Friday to $7,300 as of 16:07 universal coordinated time (11:07 a.m. in New York). The surge, which appeared to follow gains in oil and gold prices, pushed bitcoin into positive territory for the year-to-date, now up 2.2 percent. Mati Greenspan, founder of the cryptocurrency-focused research firm Quantum Economics, noted in an email that the U.S. attack drove up prices for gold, traditionally seen as a safe-haven asset whose value is expected to hold in times of geopolitical or economic instability. Many investors speculate that bitcoin bears similarities to gold, in terms of its perceived resistance to inflation. Related:American Cancer Society Now Accepting Bitcoin Donations Through BitPay Higher oil prices could make investors nervous about future economic growth while also potentially pushing up consumers’ costs at the gas pump, stoking faster inflation. Another consideration is whether the escalating tension might spur demand for bitcoin among Iranians, who have shown an appetite for cryptocurrencies in recent years as the Middle Eastern economy faced a host of sanctions ordered by U.S. President Donald Trump’s administration. In lateDecember, Iranian President Hassan Rouhani said in a speech in Malaysia that Muslims might need their own cryptocurrency to “save themselves from the domination of the U.S. dollar and the American financial regime.” Iranhas “long been seen as one of the hotbeds for bitcoin adoption” due to U.S. sanctions on money transfers stemming from the country, not to mention a “very unstable economy,” according to Greenspan. Related:Hanukkah Reflections on My Year of Toying With Bitcoin But the news likely precipitated purchase orders from some investors who were already planning to buy bitcoin, Greenspan wrote. “The Iranian market in and of itself is likely too small and slow to have caused this move single-handedly,” according to Greenspan. “More likely, one or several players have been waiting on the side for a good buying opportunity below $7,000 per coin, and it seems one has presented itself.” Bitcoin prices surged 94 percent in 2019, making it one of the world’s best-performing assets, with roughly triple the total return charted by the Standard & Poor’s 500 Index of large U.S. stocks. • ‘Multi-Part’ Payments Could Bring Bigger Bitcoin Sums to Lightning Network • Bitcoin Price Set to Outshine Gold and Stocks by Big Margin in 2019... - Reddit Posts (Sample): [['u/Really_Cool_Dad', 'The last time nano was this low was...', 21, '2020-01-09 04:39', 'https://www.reddit.com/r/nanotrade/comments/em41bp/the_last_time_nano_was_this_low_was/', 'Dec. 1st 2017 nano was 0.229\n\nJan. 1st 2018 nano hit its ATH of $37.62 \n\nThat’s ~165x in just 30 days!! Wow what a time. \n\nToday, nano hit its lowest low since Dec. 7th 2017. \n\nDo you think we’ll see higher than previous ATH again? \n\nFor that to happen the entire crypto market will need to be in a bull run again. I predict 2023. \n\nWhen do you think the next bull run will be? What do you think will be Bitcoins ATH then and what will be Nanos ATH?', 'https://www.reddit.com/r/nanotrade/comments/em41bp/the_last_time_nano_was_this_low_was/', 'em41bp', [['u/[deleted]', 10, '2020-01-09 06:02', 'https://www.reddit.com/r/nanotrade/comments/em41bp/the_last_time_nano_was_this_low_was/fdmd8sq/', 'Nano reaching ATH again will depend on Nano itself more than the rest lf the market. I think it will surpass ATH again, but nowhere near as fast as it did before.', 'em41bp']]], ['u/filya', 'Best way to accept Bitcoin payment for my photography business?', 22, '2020-01-09 04:41', 'https://www.reddit.com/r/Bitcoin/comments/em41xr/best_way_to_accept_bitcoin_payment_for_my/', 'I am starting out a photography business and want to support crypto currency by accepting Bitcoin payments. \n\nHow would I best go about advertising this, having people pay via Bitcoin for my invoice, handle chargebacks or fraud etc. \n\nThank you!', 'https://www.reddit.com/r/Bitcoin/comments/em41xr/best_way_to_accept_bitcoin_payment_for_my/', 'em41xr', [['u/iamDanger_us', 17, '2020-01-09 05:04', 'https://www.reddit.com/r/Bitcoin/comments/em41xr/best_way_to_accept_bitcoin_payment_for_my/fdm8tcl/', 'Check out btcpayserver.org\n\nRealistically though, the usage will likely be fairly low at first unless you’re located in a few specific areas around the world. If you’re planning to simply hold anyway, consider setting up a secure wallet (ideally a hardware one, such as a Trezor, Ledger, or Coldcard) and just accepting payment without any sort of payment processor intermediary. Best of luck!', 'em41xr']]], ['u/stellarpasta', 'Things I have to disagree with Yang on as a conservative, and why it’s important we have our disagreements', 104, '2020-01-09 04:47', 'https://www.reddit.com/r/YangForPresidentHQ/comments/em44ih/things_i_have_to_disagree_with_yang_on_as_a/', 'Before I go on, here’s a little background on me:\n\nI was a former Trump supporter and am currently a registered Republican. In 2016, I supported Rand Paul, then Ted Cruz up until the primary (I am currently converting to Catholicism so I value Cruz’s Catholic background), and then Donald Trump in the general (but not much, I was vacillating between him and Johnson). I continue to be a pretty strong conservative. My economic views are left leaning, and my social views are right leaning.\n\nI came across Yang in February 2018 when I saw him mentioned offhandedly somewhere on the Internet, and I went to his website to take a look (it hasn’t changed much at all, except for all of the new pages for policies, volunteering and events). I was instantly enamored by his forward thinking policy plans, perceptiveness in the threat of automation, and the intelligence and sensibility behind his character. Honestly, I thought he had no chance- after all, he was nothing but a website at this point in time- but I kept interest and told some friends and family about him. As I began to see his interviews and as his campaign fleshed out, I joined the Yang Gang in earnest.\n\nAs a result, a lot of my economic conservatism softened out as I understood the impact of UBI, access to healthcare, and the role of economic support in shaping our communities and dealing with our social issues.\n\nHowever, I am still a conservative at heart, and despite how much I love the Yang campaign and have worked to spread the message far and wide, I disagree with him on various fronts.\n\n1. I disagree heavily with his stance on abortion. In my religious and secular views, I do not view abortion as a right. Although I tolerate contraceptives and believe greatly in sexual health and awareness, abortion- especially in later weeks of pregnancy- crosses the line for me. Roe v Wade should be overturned and not codified into law. In its place, I do support UBI, access to healthcare, improvements in sex ed and access to contraceptives- all of which would reduce abortion. I also support paid maternity leave, and improvements to our foster care system so that a pregnancy doesn’t have to be terminated.\n\n2. I also disagree heavily on his stance on 16 year olds gaining the right to vote. I’m a senior in high school, and I can’t even trust my fellow 18 year olds to make those decisions. Civics is usually only taught by your senior year of high school, so 16 year olds would be voting without even having a civics education. I think this plan is absolutely ludicrous, and we should revert the voting age to 21.\n\n3. I’m also in heavy disagreement with Yang’s support of court stuffing. The judiciary is, arguably, the most potent of the three branches of government and should not be messed with. It is supposed to be an impartial body of the nations best legal minds who interpret our laws within the context of the Constitution. Court stuffing essentially eliminates this precedent entirely. I’m also in disagreement with term limits for the Supreme Court. As our Justices gain experience on the bench, they become not only more accountable and visible to the public (eg Ginsburg, Thomas, Scalia) but also more competent at their work.\n\n4. Yang’s approach to gun control is somewhat acceptable, however my greatest issue is with licensing. In general, the government should not have a say in regards to what we can have to defend ourselves. I support the idea that some people shouldn’t have guns, but ONLY at the discretion of a court of law. I also think we should emphasize gun training much more- subsidize and emphasize it- so that lawful and morally just citizens have the ability to aptly defend themselves and others whilst not putting others at risk with their weapons.\n\n5. It doesn’t appear Yang has a strong stance on energy independence. I honestly think Yang should emphasize this more in the context of our foreign policy and economic security. Building off of the nuclear idea, as well as finding new ways to make fossil fuels cleaner and more efficient, should be a part of that (carbon capture, “clean coal”, finding new fuels, natural gas, making fracking/shale mining safer).\n\n6. As a securities trader in my spare time, a financial transaction tax would be BRUTAL. 0.1% on all trades and transactions is a LOT- especially given most trade fees are less than that. Over time, this adds up to a lot, and could kill investment in slower-moving markets where 0.1% could be the day’s gains. In the context of the trillions that flow through the derivatives and options markets each year, this becomes a massive burden for our financial industry. A reduction in the tax could work if revenue for the UBI is still needed, but we should explore other ways to raise money in less sensitive fields.\n\n7. The regulation of social media is going to be an impossible- and questionable- task. We should be striking at the heart of where hate and violence come up: economic or social insecurity, a lack of community or belonging, or negative cultural influences. I’ve been there before, and while I’ve been fortunate enough to lift myself out of that dark stage in my life (thanks to the Yang Gang!), many others still have that sense of insecurity in our society or in their personal lives. The internet is a free place, for better or worse, and we’re only ever going to get better results by attacking the core problem.\n\n8. DC and Puerto Rico are unfit to become states. As for DC, they compensate for their lack of representation by the amount of political influence there. DC’s representative is HUGELY influential in Congress, and DC is also very wealthy on top of that. As for Puerto Rico, it would be way too hard to integrate them as a state and it’s probably better for them to be sovereign.\n\n9. I support Voter ID as a means to prevent voter fraud SO LONG AS the process to get one is easy and very accessible for anybody.\n\n10. The Electoral College as it stands must be preserved and understood as one of the primary counters against the tyranny of the majority. By giving states the vote, we ensure that- especially as urbanization takes hold- every part of America gets to be heard. That means that rural states won’t be overshadowed by the urban ones, and the small man still has a seat at the table. This is at the core idea of what we are- the United STATES- and as one of the most geographically and culturally diverse countries on Earth, it would be egregious to simplify our decisions down to a popular vote. In every case, the people who live in states like Wyoming and South Dakota get snuffed out and their values and issues go unheard, as if they were already under the cultural, economic, and social influence of the bigger states. While we may sometimes get a President who didn’t earn the popular vote, that makes it ever so important that our candidates pay attention to ALL of America- not just California, New York, Pennsylvania, and Florida.\n\n11. I own Bitcoin and I’ve owned it since 2013 (I guess I’m lucky, right?). Cryptocurrency ought to remain free and anonymous and secure, and I don’t believe in regulating it extensively. The more we regulate it, the more it loses its purpose and vision, not only as a commodity, but also as a means of exchange.\n\nAnd that’s about it, out of Yang’s 105 or so policies, those are really the only ones I have a gripe about. I guess it goes to show how far reaching Yang’s message is. I’m not irreverent of Yang- I’m a long-standing and enthusiastic member of the Yang ... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25
You are an expert financial analyst. Your primary task is to 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 slid by 2.73% on Thursday. Following on from a 1.49% fall from Wednesday, Bitcoin ended the day at $7,817.5. Bearish through the day, Bitcoin slid from an early morning intraday high $8,036.8 to a late intraday low $7,756.0. Steering clear of the major resistance levels, Bitcoin fell through the first major support level at $7,795.6. Finding support late on, Bitcoin briefly hit $8,000 before sliding back into the deep red. The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, in spite of the current week’s gains. For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the top 10 cryptos, it was another mixed day for the majors. Bitcoin Cash SV bucked the trend for a 2 nd consecutive day, rallying by 2.52%, with Stellar’s Lumen also avoiding red (+0.04%). It was bearish for the rest of the pack, however. Ethereum (-2.08%) and Ripple’s XRP (-1.66%) led the way down. Binance Coin (-1.10%), EOS (-0.96%), Litecoin (-1.30%), and Monero’s XMR (-0.98%) also saw heavy losses on Thursday. Bitcoin Cash ABC (-0.25%) and Tron’s TRX (-0.66%) saw relatively modest losses on the day. Through the current week, the crypto total market cap jumped from $197bn levels to an early Wednesday current week high $220.27bn before easing back to sub-$210bn levels. At the time of writing, the total market cap stood at $208.54bn. Bitcoin’s dominance eased back to 68% levels off the back of a 2 nd consecutive day in the deep red. Trading volumes had hit $100bn levels on Wednesday before easing back. At the time of writing, volumes were at sub-$80bn levels. This Morning At the time of writing, Bitcoin was up by 0.07% to $7,822.7. A mixed start to the day saw Bitcoin rise from an early morning low $7,806.8 to a high $7,848.9. Bitcoin left the major support and resistance levels untested early on. Story continues Elsewhere, it was a mixed start to the day. Litecoin (+0.18%), Monero’s XMR (+0.07%), and Tron’s TRX (+0.49%) joined Bitcoin in the green. It was a bearish start for the rest, with EOS (-0.40%) and Ethereum (-0.41%) leading the way down. For the Bitcoin Day Ahead Bitcoin would need to move through to $7,870 levels to support a run at the first major resistance level at $7,984.2. Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $7,848.9. Barring a broad-based crypto rally on the day, Bitcoin would likely come up short of the 23.6% FIB of $8,200. Thursday’s high $8,036.8 and first major resistance level would likely cap any upside. Failure to move through to $7,870 levels could see Bitcoin fall back into the red. A fall back through the morning low $7,806.8 would bring the first major support level at $7,703.4 into play. Barring a crypto meltdown, however, Bitcoin should steer clear of sub-$7,600 levels and the second major support level at $7,589.3. This article was originally posted on FX Empire More From FXEMPIRE: Silver Price Forecast – Silver Markets Break Down Toward Support EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 10/01/20 USD/JPY Price Forecast – US Dollar Continues To Rally Against Safety Currency Japanese Yen Natural Gas Price Prediction – Prices Rebound as Cold Weather Edges South European Equities: A Lack of Stats Leaves the Majors in the Hands of the U.S Numbers and Geopolitics Nonfarm Payrolls and Wage Growth Put the Dollar in Focus', 'Bitcoin slid by 2.73% on Thursday. Following on from a 1.49% fall from Wednesday, Bitcoin ended the day at $7,817.5.\nBearish through the day, Bitcoin slid from an early morning intraday high $8,036.8 to a late intraday low $7,756.0.\nSteering clear of the major resistance levels, Bitcoin fell through the first major support level at $7,795.6.\nFinding support late on, Bitcoin briefly hit $8,000 before sliding back into the deep red.\nThe near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, in spite of the current week’s gains.\nFor the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.\nAcross the rest of the top 10 cryptos, it was another mixed day for the majors.\nBitcoin Cash SV bucked the trend for a 2ndconsecutive day, rallying by 2.52%, with Stellar’s Lumen also avoiding red (+0.04%).\nIt was bearish for the rest of the pack, however. Ethereum (-2.08%) and Ripple’s XRP (-1.66%) led the way down.\nBinance Coin (-1.10%), EOS (-0.96%), Litecoin (-1.30%), and Monero’s XMR (-0.98%) also saw heavy losses on Thursday.\nBitcoin Cash ABC (-0.25%) and Tron’s TRX (-0.66%) saw relatively modest losses on the day.\nThrough the current week, the crypto total market cap jumped from $197bn levels to an early Wednesday current week high $220.27bn before easing back to sub-$210bn levels. At the time of writing, the total market cap stood at $208.54bn.\nBitcoin’s dominance eased back to 68% levels off the back of a 2ndconsecutive day in the deep red. Trading volumes had hit $100bn levels on Wednesday before easing back. At the time of writing, volumes were at sub-$80bn levels.\nAt the time of writing, Bitcoin was up by 0.07% to $7,822.7. A mixed start to the day saw Bitcoin rise from an early morning low $7,806.8 to a high $7,848.9.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nLitecoin (+0.18%), Monero’s XMR (+0.07%), and Tron’s TRX (+0.49%) joined Bitcoin in the green.\nIt was a bearish start for the rest, with EOS (-0.40%) and Ethereum (-0.41%) leading the way down.\nBitcoin would need to move through to $7,870 levels to support a run at the first major resistance level at $7,984.2.\nSupport from the broader market would be needed, however, for Bitcoin to break out from the morning high $7,848.9.\nBarring a broad-based crypto rally on the day, Bitcoin would likely come up short of the 23.6% FIB of $8,200.\nThursday’s high $8,036.8 and first major resistance level would likely cap any upside.\nFailure to move through to $7,870 levels could see Bitcoin fall back into the red.\nA fall back through the morning low $7,806.8 would bring the first major support level at $7,703.4 into play.\nBarring a crypto meltdown, however, Bitcoin should steer clear of sub-$7,600 levels and the second major support level at $7,589.3.\nThisarticlewas originally posted on FX Empire\n• Silver Price Forecast – Silver Markets Break Down Toward Support\n• EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 10/01/20\n• USD/JPY Price Forecast – US Dollar Continues To Rally Against Safety Currency Japanese Yen\n• Natural Gas Price Prediction – Prices Rebound as Cold Weather Edges South\n• European Equities: A Lack of Stats Leaves the Majors in the Hands of the U.S Numbers and Geopolitics\n• Nonfarm Payrolls and Wage Growth Put the Dollar in Focus', 'GBP/USD is showing limited movement in the Friday session. Currently, the pair is trading at 1.3056, down 0.07% on the day. Brexit Bill Sails Through Parliament Parliament has seen its share of dramatic votes over Brexit in recent months, as lawmakers have held up various versions of a Brexit withdrawal bill. On Thursday, however, there were no fireworks, as the Brexit bill was approved in parliament by a large majority \x96 330 in favor, with 221 votes against the bill. The UK is on its way to leaving the European Union on January 31st, but the 11-month transition period will be a major test for London and Brussels, which must hammer out a new trade deal. EU officials have said this timetable is too short, but Prime Minister Johnson insists that he will not extend the transition stage.\xa0If the sides are unable to agree on a timetable, tensions could rise and nervous investors could lose confidence in the pound. All Eyes on U.S. Nonfarm Payrolls Following a very strong ADP nonfarm payrolls report, investors are hopeful that the good news extends to the official nonfarm payrolls reports, which will be released later on Friday. The ADP report found that the economy created 202 thousand jobs, crushing the estimate of 160 thousand. This marked the highest level since April. This was followed by a strong unemployment claims release on Thursday, which dropped to 214 thousand, down from 221 thousand a week earlier. Will the good news extend to the nonfarm payrolls report? Analysts are bracing for a drop to 150 thousand, down from 266 thousand a month earlier. Wage growth is expected to rise to 0.3%, up from 0.2% in November. We could see some movement from GBP/USD after the release of these key events. Technical Analysis The pound has posted slight losses over the past few days, but faces some support barriers close by. There is immediate support at 1.3050, followed by a major support level at 1.3000. Note that the 50-EMA line is just below, at 1.2998. On the upside, there is resistance at 1.3150. The next resistance line is at 1.3120. Story continues GBP/USD 1-Day Chart Pacific Currencies \x96 Daily Summary USD/CNY After losing ground during the week, USD/CNY has taken a pause on Friday. Currently, the pair is trading at 6.9314, up 0.02% on the day. There are no Chinese events on the schedule. AUD/USD AUD/USD is currently trading at 0.6876, up 0.26% on the day. The pair has posted daily losses every day this week, but is in positive territory on Friday, after a strong consumer spending release. Retail sales impressed with a 0.9% gain in November, compared to 0.0% a month earlier. It marked the strongest gain since April 2017. NZD/USD NZD/USD is headed for a second straight weekly loss. The pair is trading at 0.6623, up 0.13% on the day. There are no New Zealand releases on the calendar. This article was originally posted on FX Empire More From FXEMPIRE: AUD/USD Bearish Impulse Tests Support of Daily Uptrend Channel China Faces Manufacturing Exodus as Trade War Takes It Toll Keep Calm, Less Than 24 Hours To Go. Bitcoin Lost Momentum **Last 60 Days of Bitcoin's Closing Prices:** [8757.79, 8815.66, 8808.26, 8708.09, 8491.99, 8550.76, 8577.98, 8309.29, 8206.15, 8027.27, 7642.75, 7296.58, 7397.80, 7047.92, 7146.13, 7218.37, 7531.66, 7463.11, 7761.24, 7569.63, 7424.29, 7321.99, 7320.15, 7252.03, 7448.31, 7547.00, 7556.24, 7564.35, 7400.90, 7278.12, 7217.43, 7243.13, 7269.68, 7124.67, 7152.30, 6932.48, 6640.52, 7276.80, 7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-01-10 **Financial & Commodity Data:** - Gold Closing Price: $1557.50 - Crude Oil Closing Price: $59.04 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.41 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin’s hash rate reached an all-time high last week of over 119 exahashes per second (EH/s). A high hash rate generally reflects the amount of miners trying to validate blocks on the Bitcoin blockchain. The more miners who enter the network, the higher the hash rate becomes, and the difficulty of the new mining algorithm adjustment is increased. The difficulty adjusts automatically to ensure that block times remain consistent at around 10 minutes per block. Hash Rate chart from Blockchain.com In September 2019, Coin Rivet reported that the Bitcoin hash rate had crossed the 100 EH/s mark, which at the time was a highly significant benchmark and milestone for the network. The hash rate has only been below 100 EH/s for just one day so far this year, indicating that a consistent hash rate above 100 EH/s seems likely going forward into the new year. A higher hash rate results in a more secure Bitcoin network, as more participants means a greater degree of decentralisation. The hash rate is therefore a direct indication of how decentralised the Bitcoin network is. However, many experts also believe Bitcoin’s hash rate may correlate with the asset’s price. So is there any merit to this theory? What could hash rate mean for BTC price? Bitcoin has seen some positive price action in the last week, rising 8% since Friday , although what portion of this is attributable to an increase in hash rate is unknown. In the past, hash rate has correlated somewhat with price action. In late 2018 , hash rates declined slightly alongside Bitcoin’s slump to around $4,000. The hash rate has gradually risen since along with the price of Bitcoin. Despite this uncertainty, 2020 is indeed a key year on the Bitcoin calendar, as the block reward halving approaches in the coming months. The halving will see block rewards halved to 6.25 BTC, which may put increased pressure on prices and catapult BTC back to its historic highs – or beyond. It’s also worth bearing in mind that current hash rates are many times greater than in 2017, when BTC last reached highs of over $20,000. Story continues The hash rate has declined today to 111 EH/s, but it still remains well above the new benchmark of 100 EH/s. The post Bitcoin’s hash rate reaches all-time high – is a breakout imminent? appeared first on Coin Rivet .... - 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.
8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64
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:** ["Investing.com - EOS was trading at $3.0286 by 02:02 (07:02 GMT) on the Investing.com Index on Saturday, up 10.37% on the day. It was the largest one-day percentage gain since December 18, 2019.\nThe move upwards pushed EOS's market cap up to $2.8235B, or 1.28% of the total cryptocurrency market cap. At its highest, EOS's market cap was $17.5290B.\nEOS had traded in a range of $2.9381 to $3.0287 in the previous twenty-four hours.\nOver the past seven days, EOS has seen a rise in value, as it gained 12.64%. The volume of EOS traded in the twenty-four hours to time of writing was $2.9669B or 2.95% of the total volume of all cryptocurrencies. It has traded in a range of $2.6467 to $3.0287 in the past 7 days.\nAt its current price, EOS is still down 86.82% from its all-time high of $22.98 set on April 29, 2018.\nBitcoin was last at $8,122.6 on the Investing.com Index, up 4.33% on the day.\nEthereum was trading at $143.23 on the Investing.com Index, a gain of 4.53%.\nBitcoin's market cap was last at $147.2361B or 66.58% of the total cryptocurrency market cap, while Ethereum's market cap totaled $15.5641B or 7.04% of the total cryptocurrency market value.\nRelated Articles\nNew Data Suggests Bitcoin and Gold Aren’t as Correlated as You Think\nExperienced Traders Prefer to Trade on Desktop Computers, New Study Reveals\nEOS Climbs Above 3.0005 Level, Up 9%", "Investing.com - EOS was trading at $3.0286 by 02:02 (07:02 GMT) on the Investing.com Index on Saturday, up 10.37% on the day. It was the largest one-day percentage gain since December 18, 2019. The move upwards pushed EOS's market cap up to $2.8235B, or 1.28% of the total cryptocurrency market cap. At its highest, EOS's market cap was $17.5290B. EOS had traded in a range of $2.9381 to $3.0287 in the previous twenty-four hours. Over the past seven days, EOS has seen a rise in value, as it gained 12.64%. The volume of EOS traded in the twenty-four hours to time of writing was $2.9669B or 2.95% of the total volume of all cryptocurrencies. It has traded in a range of $2.6467 to $3.0287 in the past 7 days. At its current price, EOS is still down 86.82% from its all-time high of $22.98 set on April 29, 2018. Elsewhere in cryptocurrency trading Bitcoin was last at $8,122.6 on the Investing.com Index, up 4.33% on the day. Ethereum was trading at $143.23 on the Investing.com Index, a gain of 4.53%. Bitcoin's market cap was last at $147.2361B or 66.58% of the total cryptocurrency market cap, while Ethereum's market cap totaled $15.5641B or 7.04% of the total cryptocurrency market value. Related Articles New Data Suggests Bitcoin and Gold Aren’t as Correlated as You Think Experienced Traders Prefer to Trade on Desktop Computers, New Study Reveals EOS Climbs Above 3.0005 Level, Up 9%", 'It\x92s a cliche at this point to compare bitcoin to the \x93early days of the internet\x94 since they are both examples of emerging technologies. But does the cliche actually hold true? If we work with a vague definition of the World Wide Web going live in 1991 , then within the first decade that ecosystem grew faster and had more demand for compliant use cases than bitcoin arguably has today, one decade in. Related: Bitcoin Makes Biggest Weekly Price Gain Since October In 1994, the New York Times reported companies were \x93rushing\x94 to set up shop via the World Wide Web, although the user experience was still \x93slow\x94 and \x93crude.\x94 Just like blockchain technologists, early internet companies ran into scaling issues. The 1994 Times report described the web as \x93already showing signs of suffering from its own success, as crowds compete for access to popular databases.\x94 Yet, people were already starting to think about subscription paywalls for content distribution. Industry insiders were so bullish on the commercial potential that in the December 1995 issue of Wired magazine, Sun Microsystems CEO Scott McNealy predicted the rise of \x93disposable word processors and spreadsheets\x94 priced per use and delivered via Java software. Within the first decade it was clear the internet could be used for commerce, interpersonal communications, marketing and education. There were established companies using it to turn a modest profit. Blockstream alumnus and founder of the Blockchain Commons , Christopher Allen, said he is \x93concerned\x94 about the lack of bitcoin adoption at this stage, which is why he is so optimistic about scaling solutions like the lightning network. Related: Bitcoin Retraces 45 Percent of Recent Price Gains as Bulls Lose Momentum \x93Lightning does have the potential to be where you buy your steak and bread,\x94 Allen said. \x93Until you buy your bread or steak with bitcoin, you\x92re going to have to convert to some other currency, no matter how good it is as a censorship-resistant medium.\x94 Story continues Netscape Navigator 3.02 Gold. (Image via Wikimedia Commons) To be fair, cryptocurrency has already proven its usefulness through cross-border collaboration. For example, the Decred treasury has distributed roughly $3.5 million worth of cryptocurrency to more than 60 contributors, according to the community\x92s press representative. Roughly 30 percent of these contributors hail from Latin America and 15 percent are from Africa, a more global distribution than comparable Silicon Valley startups. Even so, such experiments are a far cry from the \x93mainstream adoption\x94 many fans predict bitcoin will undergo in becoming a global, self-sustaining currency. Community roots Bitcoin may be behind the internet\x92s timeline in terms of commercial use cases, but it has already achieved comparable social functions. By 2001, the New York Times was describing internet services like email as a platform for relationship-building with former coworkers and classmates, while startups pioneered video and music streaming services. One such Yahoo group reportedly included 600 people \x93exchanging hundreds of messages a month about the bankruptcy proceedings, health insurance and the fate of their retirement plans.\x94 This may be comparable to crypto communities today, which rely on forums, GitHub and social networking platforms like Twitter. According to Allen, who focused earlier in his career on core internet protocols, the internet was also designed to offer more freedom of choice to the users \x96 even though, through big-tech consolidation, the industry eventually failed to reach that vision. From left, Mark Fletcher of AskJeeves, Rich Skrenta of Topix.net and Mena Trott of SixApart speak in 2005. (Photo via Wikimedia Commons) Zcash co-creator and Electric Coin Company CEO Zooko Wilcox agreed that the early software projects he worked on were supposed to offer \x93freedom\x94 and \x93end wars,\x94 because people would just talk things out over the internet. Wilcox said, looking back at his time in the 1990s working on bitcoin\x92s predecessor, Digicash , that he idealistically underestimated the importance of economic incentives. \x93What I would tell myself, if I could use a time machine, it just being compatible [with commercial use] isn\x92t good enough,\x94 Wilcox said. \x93This was a fatal flaw in the overall design of the [open software] movement, that is relied on ongoing volunteers or donations. It didn\x92t have a built-in economic feedback loop.\x94 Listen to Leigh\x92s full interview with Zooko Wilcox In this regard, bitcoin has a great track record during this first decade. Yet, it remains to be seen if bitcoin\x92s ecosystem provides a self-sustaining model. Similar risks Some coders believe early advocacy for strong legal frameworks that protect freedom, coupled with forward-thinking precautions, could help the decentralized \x93Web3\x94 avoid or minimize early mistakes. \x93Protocols would have a lot of flexibility in terms of what types of security you need, etc., and along the way we ended up creating the central Certificate Authority (CAs) business \x85 not quite realizing that 20 years later all the CAs all got consolidated,\x94 Allen said. \x93We were supposed to be able to choose which CA we trusted. Centralization crops up in odd ways.\x94 Marco Peereboom, a Dell alumnus and Linux veteran who is also currently the Decred community\x92s New Systems Development Lead, agreed with Allen that the internet was built by idealistic young men who wanted to \x93uplift humanity.\x94 (Not unlike crypto adherents today.) \x93I\x92m extremely disappointed with where we are today,\x94 Peereboom said. \x93The amount of snooping the government is doing, I didn\x92t anticipate. \x85 More cryptography early on would have done the internet a lot of good, and more advocacy as well.\x94 Along these lines, Allen is focused on work related to user-friendly-yet-secure key management and blockchain identity standards. Meanwhile, Peereboom is working to refine Decred\x92s open source funding experiments, which is how he earns a salary today. Much like the altcoin project Dash , Decred pays freelancers through public votes and grants collected from the network itself. Plus, Decred developers can earn money anonymously based on the merits of their contributions. \x93Until the internet moves away from the ad-sponsored model, it will only get worse,\x94 Peereboom said, referring to potential surveillance and corporate dominance via upcoming Web3 models. \x93I think anonymous payments are a must-have feature for any cryptocurrency to be around,\x94 he said. \x93I hope I\x92m not making the same mistake twice. But I really do believe cryptocurrencies have the potential to change the world.\x94 Bitcoin Genesis Block, Jan. 3, 2009. (Image via Wikimedia Commons) Beyond bitcoin From the perspective of veteran bitcoiners like Peereboom, many of whom are now focused on altcoin projects, bitcoin\x92s weakness is how difficult it is to update the software. He said there must be a middle ground between constant changes and nearly impossible changes. \x93Writing bug-free software just **Last 60 Days of Bitcoin's Closing Prices:** [8815.66, 8808.26, 8708.09, 8491.99, 8550.76, 8577.98, 8309.29, 8206.15, 8027.27, 7642.75, 7296.58, 7397.80, 7047.92, 7146.13, 7218.37, 7531.66, 7463.11, 7761.24, 7569.63, 7424.29, 7321.99, 7320.15, 7252.03, 7448.31, 7547.00, 7556.24, 7564.35, 7400.90, 7278.12, 7217.43, 7243.13, 7269.68, 7124.67, 7152.30, 6932.48, 6640.52, 7276.80, 7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-01-11 **Financial & Commodity Data:** - Gold Closing Price: $1557.50 - Crude Oil Closing Price: $59.04 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.50 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin (BTC) is currently trading at just above $7,040 following a huge 20% drop in price since Monday . BTC has now broken most of its support levels and seems to be in a free fall, believed to be due to miner capitulation. Bitcoin has been consolidating since last month, and as such some analysts thought BTC would bounce back up at some point between $7,500 and $8,000. However, price movement went the other way and seems to be going down further. Will BTC recover soon? Let’s take a look at Bitcoin’s chart. BTCUSD chart, thanks to Trading View At the time of writing, Bitcoin is on a very bearish trend. Lower highs are giving way to significant price drops. Since the massive bull market that took Bitcoin close to $14,000 earlier in the year, the coin has been dropping in value following a downtrend that was only broken in late October when price broke through a number of key resistance levels (around the 200-day, 50-day, and 20-day EMAs). Bitcoin is now 32% down from October’s high of $10,350 and 50% down from the yearly high in June. Last week , I said I expected BTC to find a bottom near its 200-day EMA and that Bitcoin would bounce to around $10,000 soon. BTC has instead broken below its 200-day EMA and there isn’t much support volume to stop its fall. The current Bitcoin trend History shows us that BTC is prone to huge drops between 30% and 40% during bull seasons. Therefore, I don’t advise that you fight the trend, but surf it for as long as possible. Last week, I underlined that within the next three to five weeks, we could see a major reversal after a period of serious accumulation by ‘hodlers’. We’re still in an accumulation phase and the current downtrend is proof. Volume is again at yearly highs, currently above $28 billion, due to sell-off activity. In addition, the volume profile shows the next strong support level to be all the way down at $5,000. This means there is still a lot of room for a further drop. Story continues Will the trend reverse soon? As veteran traders and investors usually say, smart money “buys when there’s blood on the streets”. I’ve been saying for the past month that I’m waiting for major drops to make hefty new entries. Moments like these are highly welcomed and appreciated. I strongly believe Bitcoin to be a long-term store of value, especially as traditional markets continue to show weaknesses. How can the markets continue to push higher throughout the year after the ECB’s recent rate cuts, the continuous share buybacks from huge corporations, or the inverted bond yield shoving investors away towards riskier assets? In addition, repo market activity – as in loans from central banks to commercial and investment banks – has spiked to new monthly records. That adds up to another signal of weakness of the general economy. In conclusion, investors and traders should pay attention to the overall economic panorama, as it will most likely be a major catalyst for worldwide BTC adoption. Safe trades! Current live Bitcoin pricing information and interactive charts are available on our site 24 hours a day. The ticker bar at the bottom of every page on our site has the latest Bitcoin price. Pricing is also available in a range of different currency equivalents: US Dollar – BTCtoUSD British Pound Sterling – BTCtoGBP Japanese Yen – BTCtoJPY Euro – BTCtoEUR Australian Dollar – BTCtoAUD Russian Rouble – BTCtoRUB About Bitcoin In August 2008, the domain name bitcoin.org was registered. On 31st October 2008, a paper was published called “Bitcoin: A Peer-to-Peer Electronic Cash System”. This was authored by Satoshi Nakamoto, the inventor of Bitcoin. To date, no one knows who this person, or people, are. The paper outlined a method of using a P2P network for electronic transactions without “relying on trust”. On 3rd January 2009, the Bitcoin network came into existence. Nakamoto mined block number “0” (or the “genesis block”), which had a reward of 50 Bitcoins. More Bitcoin news and information If you want to find out more information about Bitcoin or cryptocurrencies in general, then use the search box at the top of this page. Here’s an article to get you started. As with any investment, it pays to do some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. This page is not recommending a particular currency or whether you should invest or not. Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. The post Latest Bitcoin price and analysis (BTC to USD) appeared first on Coin Rivet .... - Reddit Posts (Sample): [['u/ErdoganTalk', 'The BTC and BCH controversy in short:', 38, '2020-01-11 00:00', 'https://www.reddit.com/r/btc/comments/emyr4w/the_btc_and_bch_controversy_in_short/', 'The BTC and BCH controversy in short: BTC has constrained capacity and can not accomodate the many new users we expect. BCH has has capacity for the world. The two coins are just the same, with the same history from 2009, the chain split in 2017 over exactly the capacity controversy. (BTC has the publicity advantage for now, but how can it help them, as the new users are stopped in the door)', 'https://www.reddit.com/r/btc/comments/emyr4w/the_btc_and_bch_controversy_in_short/', 'emyr4w', [['u/Uttfttufftcytfcctf', 32, '2020-01-11 00:07', 'https://www.reddit.com/r/btc/comments/emyr4w/the_btc_and_bch_controversy_in_short/fds9s9y/', 'BCH also has all the good original people that were using BTC in the early days. A much smarter and more productive community, that understands the purpose of Bitcoin.', 'emyr4w'], ['u/jessquit', 10, '2020-01-11 00:40', 'https://www.reddit.com/r/btc/comments/emyr4w/the_btc_and_bch_controversy_in_short/fdscp71/', '> Cryptocurrencies are pretty useless for most people\n\nyou have a very first world perspective\n\nat least a billion people have access to internet but lack access to quality banking\n\nBitcoin (BCH) allows them to participate in the modern economy without dependence on local, often corrupt banking.', 'emyr4w'], ['u/Ithinkstrangely', 12, '2020-01-11 01:17', 'https://www.reddit.com/r/btc/comments/emyr4w/the_btc_and_bch_controversy_in_short/fdsfwco/', "They're related. It's also related to the embracement and propagation of the HODL mentality.\n\nRBF is Replace by Fee. RBF was a code change to Bitcoin, after it was hijacked, allowing users to resend their transaction with a higher fee to overwrite their unconfimed transaction. It broke Bitcoin.\n\nIt was chosen as a way for those with large amounts of fiat value in BTC to be able to exit the system with minimum relative penalties, while trapping regular users. At their height, fees trapped you into not using BTC as currency, and taxed you if you exited the system.\n\nSay BTC hits 100k a coin. A million. Say you have a large amounts of speculators with small amounts of BTC. Speculation drives network demand up and only those with large amounts of BTC can use the currency to transact with. We saw $50 fees over a year ago. Those who had $5000 in BTC back in the time of maximum fees ***paid 1% of their holdings in fees for a transaction.*** With BTC's forced block cap, they've tricked small users into never being able to use their currency. Basically, it's a central banking type scheme. The rich get richer.\n\nRBF was also chosen to eliminate zero-confirmation transactions. Meaning BTC can not be used for immediate exchange, for example at a store. You have to wait for an average of 10 mins (historically max was 2+ hours), for a confirmation to guarantee the customer didn't RBF you (rip you off). Meaning it's useless as a currency. Who is going to wait even 5 minutes for their transaction to go through, so they can leave the store?.?.?...\n\nI mean it was brilliant sabotage, but it was still sabotage.", 'emyr4w'], ['u/ErdoganTalk', 13, '2020-01-11 05:16', 'https://www.reddit.com/r/btc/comments/emyr4w/the_btc_and_bch_controversy_in_short/fdtfwn5/', 'Except ... BCH is store of value too, and money has to be both, because that is the sequence: store, transfer, store, transfer, store, transfer, transferring to the next owner of the money. So we need only one, and whatever wins this race, it can not be BTC, a coin with intentionally crippled transferability', 'emyr4w'], ['u/chalbersma', 14, '2020-01-11 06:27', 'https://www.reddit.com/r/btc/comments/emyr4w/the_btc_and_bch_controversy_in_short/fdtq2ix/', 'Do you currently have a checking account and a savings account in Fiat in different currencies? Why not?', 'emyr4w']]], ['u/ErdoganTalk', 'Who pays for the system', 13, '2020-01-11 00:36', 'https://www.reddit.com/r/btc/comments/emz8wm/who_pays_for_the_system/', "Lets just recalculate the fee of a standard transaction:\n\n1. Length of a simple transaction: 223 bytes\n2. Standard fee: 1 sat/B\n3. Current coin price: 260 USD\n\nFee: 223 sat / 100000000 sat/BCH * 264 USD/BCH = 0,0005798 USD, or less than a tenth of a cent\n\nSince we currently are far from physical limitations, the market tells us that this is close to cost of production of each transaction. This is the number that we should compare to the price of the current money transfer systems (there is a price to card transactions, bank transfers and also paper cash transfers)\n\nWe should also admit that the user himself also have to expend some cost, for bitcoin that is the phone, the network service and some power. The user's cost is possibly larger for bitcoin than for legacy systems.\n\nSo who pays the rest of the miner cost, which is the block subsidy? That is paid by the current holders of any amount of cash balance. The holders pay this cost in the form of coin number inflation. It is difficult to observe the effect of the rising number of coins, because the coin price is overshadowed by changes in the demand.\n\nSo lets just recap what the demand is: Every individuals urge to hold a number of coins, and to which price. So it can not be expressed with a single variable, it is a set of amount/price pairs, or a curve. Then aggregate these price pairs for every potential user.\n\nWhen a user want more coins for a price, or less, or a new user comes in and want some coins for a price, or an old user leaves, it changes the demand and therefore the price. The reason for the demand is only speculative, since there is no point in consuming coins.\n\nThe demand curve is the most important input to the price, in addition to the less important inflation from block subsidy, and some lost coins.", 'https://www.reddit.com/r/btc/comments/emz8wm/who_pays_for_the_system/', 'emz8wm', [['u/dontlikecomputers', 11, '2020-01-11 03:49', 'https://www.reddit.com/r/btc/comments/emz8wm/who_pays_for_the_system/fdt27cr/', 'Holders pay through the inflation tax, currently 12.5 BCH every 10 minutes. Transaction fees might be relevant one day.', 'emz8wm']]], ['u/someguy916', "I drove to 4 bitcoin ATM's and none of them worked, is it my city (Sacramento, CA) or same for everyone else?", 18, '2020-01-11 01:43', 'https://www.reddit.com/r/btc/comments/en043i/i_drove_to_4_bitcoin_atms_and_none_of_them_worked/', "I used coinatmradar to find ATM's, I just wanted to sell $200 in bitcoin, every ATM was either out of money or broken, I was going to try a 5th ATM but they take a 20% fee! I ended up using localbitcoins. Does anyone else have the same experience in their city?", 'https://www.reddit.com/r/btc/comments/en043i/i_drove_to_4_bitcoin_atms_and_none_of_them_worked/', 'en043i', [['u/knowbodynows', 23, '2020-01-11 02:00', 'https://www.reddit.com/r/btc/comments/en043i/i_drove_to_4_bitcoin_atms_and_none_of_them_worked/fdskqma/', '- First the fee is too high.\n- then the usage goes down\n- then the maintainer gets his hours clipped\n- then the machines no longer work\n- then the machines are upgraded to BCH', 'en043i'], ['u/MemoryDealers', 11, '2020-01-11 05:43', 'https://www.reddit.com/r/btc/comments/en043i/i_drove_to_4_bitcoin_atms_and_none_of_them_worked/fdtjv7x/', 'Just use [local.bitcoin.com](https://local.bitcoin.com)\n\nPeople will literally send you cash in the mail.', 'en043i']]], ['u/RizzutosNOTAWORD', '[Serious] How do you quantitatively justify your belief that BTC will remain the best store of value versus alt coins?', 29, '2020-01-11 03:07', 'https://www.reddit.com/r/Bitcoin/comments/en15pc/serious_how_do_you_quantitatively_justify_your/', 'Many altcoiners believe BTC is just popular because of name but will be leapfrogged by [insert coin]. I know all comparison is relative, but what gives you confidence to long-term invest in BTC beginning in 2020?', 'https://www.reddit.com/r/Bitcoin/comments/en15pc/serious_how_do_you_quantitatively_justify_your/', 'en15pc', [['u/chodpaba', 29, '2020-01-11 03:16', 'https://www.reddit.com/r/Bitcoin/comments/en15pc/serious_how_do_you_quantitatively_justify_your/fdswxzu/', 'The thing that makes Bitcoin stand out is the degree of integration that has occurred between Bitcoin and legacy financial systems. To the extent that this makes Bitcoin more liquid it also makes Bitcoin more accessible to institutional investors.', 'en15pc'], ['u/Leading_Zeros', 23, '2020-01-11 03:38', 'https://www.reddit.com/r/Bitcoin/comments/en15pc/serious_how_do_you_quantitatively_justify_your/fdt0cpv/', 'Bitcoin is the only thing that solves the Byzantines Generals problem with incentives that actually work. 11 years into this the market is still valuing it 10x more valuable than the closest other crypto. Greater liquidity, 7 network effect of bitcoin as strong as ever, not seeing them show up nearly at all in any alt coin. The money with the best monetary policy will be preferred as a store of value. Nothing better than capped supply.', 'en15pc'], ['u/blingyang', 11, '2020-01-11 03:38', 'https://www.reddit.com/r/Bitcoin/comments/en15pc/serious_how_do_you_quantitatively_justify_your/fdt0cqy/', 'Distribution of bitcoins has been random and there is a kind of fairness to it.\n\nOther alt coins distribution is very hierarchical. The initial set of people give themselves a major chunk of those coins.', 'en15pc'], ['u/Benjamincito', 22, '2020-01-11 04:23', 'https://www.reddit.com/r/Bitcoin/comments/en15pc/serious_how_do_you_quantitatively_justify_your/fdt7sb6/', 'Censureship resistance\n\nBitcoin has it\n\nOther shit doesnt', 'en15pc'], ['u/hanakookie', 12, '2020-01-11 06:23', 'https://www.reddit.com/r/Bitcoin/comments/en15pc/serious_how_do_you_quantitatively_justify_your/fdtpkwx/', 'Outside of what everyone has said here is a very important words to live by. If A coin was to take over from bitcoin. How long will C coin take 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.
8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89
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:** ['Bitcoin fell by 2.04% on Saturday. Partially reversing a 4.7% rally from, Bitcoin ended the day at $8,013.7. A mixed start to the day saw Bitcoin rise to an early morning high $8,243.0. While falling short of the major resistance levels, Bitcoin broke through the 23.6% FIB of $8,200 early on. Bearish through the late morning, Bitcoin fell to an intraday low $7,991.8 before making a move. Steering clear of the first major support level at $7,833.57, Bitcoin struck a late intraday high $8,282.4. Falling short of the first major resistance level at $8,360.67, Bitcoin broke back through the 23.6% FIB. In spite of a late pullback through the 23.6% FIB, Bitcoin held onto $8,000 levels at the day end. The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, in spite of the current week’s gains. Bitcoin was up by 8.82%, Monday through Saturday. For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the top 10 cryptos, it was another mixed day for the majors. EOS (+0.34%), Litecoin (+0.71%), Monero’s XMR (+0.07%), and Stellar’s Lumen (+1.56%) found support. It was bearish for the rest of the pack, however, with Bitcoin Cash SV sliding by 12.11% to lead the way down. Binance Coin (-1.19%), Bitcoin Cash ABC (-4.06%), Ethereum (-1.56%), Ripple’s XRP (-0.58%), and Tron’s TRX (-0.11%) also saw red. For the current week, it was bullish across the crypto top 10, however. Bitcoin Cash SV led the way, Monday through Saturday, surging by 36.87%. Bitcoin Cash ABC (+16.76%), EOS (+11.59%), and Litecoin (+14.05%), also saw solid gains. Binance Coin (+6.27%), Ethereum (+5.41%), Monero’s XMR (+8.44%), Ripple’s XRP (+8.60%), Stellar’s Lumen (+6.77%), and Tron’s TRX (+7.7%) saw more modest gains. Through the current week, the crypto total market cap jumped from $197bn levels to an early Wednesday current week high $220.27bn before easing back. At the time of writing, the total market cap stood at $214.86bn. Story continues Bitcoin’s dominance held onto 68% levels in spite of the loss on Saturday. Trading volumes revisited $100bn levels on Saturday before easing back. At the time of writing, volumes were at $89bn levels. This Morning At the time of writing, Bitcoin was up by 0.73% to $8,072.4. A mixed start to the day saw Bitcoin fall to an early morning low $7,951.7 before striking a high $8,072.4. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a sea of green across the crypto top 10. Bitcoin Cash ABC (+2.01%), Bitcoin Cash SV (+2.9%), and Litecoin (+3.10%) led the way early on. Monero’s XMR (+0.22%), Stellar’s Lumen (+0.65%), and Tron’s TRX (+0.30%) trailed the pack. For the Bitcoin Day Ahead Bitcoin would need to move through to $8,100 levels to support a run at the first major resistance level at $8,200.13 and 23.6% FIB of $8,200. Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $8,072.4. Barring a broad-based extended crypto rally on the day, the first major resistance level and 23.6% FIB would likely cap any upside. Failure to move through to $8,100 levels could see Bitcoin fall back into the red. A fall back through the morning low $7,951.7 would bring the first major support level at $7,909.53 into play. Barring a crypto meltdown, however, Bitcoin should steer clear of sub-$7,900 levels and the second major support level at $7,805.37. This article was originally posted on FX Empire More From FXEMPIRE: EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 11/01/20 European Equities: A Week in Review – 11/01/20 E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Could Be Set Up for Short-Term Correction Crude Oil Price Forecast – Crude Oil Markets Drift Lower USD/JPY Forex Technical Analysis – Could Break Sharply if Sellers Take Out 109.361 EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 12/01/20', 'Bitcoin fell by 2.04% on Saturday. Partially reversing a 4.7% rally from, Bitcoin ended the day at $8,013.7.\nA mixed start to the day saw Bitcoin rise to an early morning high $8,243.0. While falling short of the major resistance levels, Bitcoin broke through the 23.6% FIB of $8,200 early on.\nBearish through the late morning, Bitcoin fell to an intraday low $7,991.8 before making a move.\nSteering clear of the first major support level at $7,833.57, Bitcoin struck a late intraday high $8,282.4.\nFalling short of the first major resistance level at $8,360.67, Bitcoin broke back through the 23.6% FIB.\nIn spite of a late pullback through the 23.6% FIB, Bitcoin held onto $8,000 levels at the day end.\nThe near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, in spite of the current week’s gains. Bitcoin was up by 8.82%, Monday through Saturday.\nFor the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.\nAcross the rest of the top 10 cryptos, it was another mixed day for the majors.\nEOS (+0.34%), Litecoin (+0.71%), Monero’s XMR (+0.07%), and Stellar’s Lumen (+1.56%) found support.\nIt was bearish for the rest of the pack, however, with Bitcoin Cash SV sliding by 12.11% to lead the way down.\nBinance Coin (-1.19%), Bitcoin Cash ABC (-4.06%), Ethereum (-1.56%), Ripple’s XRP (-0.58%), and Tron’s TRX (-0.11%) also saw red.\nFor the current week, it was bullish across the crypto top 10, however.\nBitcoin Cash SV led the way, Monday through Saturday, surging by 36.87%.\nBitcoin Cash ABC (+16.76%), EOS (+11.59%), and Litecoin (+14.05%), also saw solid gains.\nBinance Coin (+6.27%), Ethereum (+5.41%), Monero’s XMR (+8.44%), Ripple’s XRP (+8.60%), Stellar’s Lumen (+6.77%), and Tron’s TRX (+7.7%) saw more modest gains.\nThrough the current week, the crypto total market cap jumped from $197bn levels to an early Wednesday current week high $220.27bn before easing back. At the time of writing, the total market cap stood at $214.86bn.\nBitcoin’s dominance held onto 68% levels in spite of the loss on Saturday. Trading volumes revisited $100bn levels on Saturday before easing back. At the time of writing, volumes were at $89bn levels.\nAt the time of writing, Bitcoin was up by 0.73% to $8,072.4. A mixed start to the day saw Bitcoin fall to an early morning low $7,951.7 before striking a high $8,072.4.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a sea of green across the crypto top 10.\nBitcoin Cash ABC (+2.01%), Bitcoin Cash SV (+2.9%), and Litecoin (+3.10%) led the way early on.\nMonero’s XMR (+0.22%), Stellar’s Lumen (+0.65%), and Tron’s TRX (+0.30%) trailed the pack.\nBitcoin would need to move through to $8,100 levels to support a run at the first major resistance level at $8,200.13 and 23.6% FIB of $8,200.\nSupport from the broader market would be needed, however, for Bitcoin to break out from the morning high $8,072.4.\nBarring a broad-based extended crypto rally on the day, the first major resistance level and 23.6% FIB would likely cap any upside.\nFailure to move through to $8,100 levels could see Bitcoin fall back into the red.\nA fall back through the morning low $7,951.7 would bring the first major support level at $7,909.53 into play.\nBarring a crypto meltdown, however, Bitcoin should steer clear of sub-$7,900 levels and the second major support level at $7,805.37.\nThisarticlewas originally posted on FX Empire\n• EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 11/01/20\n• European Equities: A Week in Review – 11/01/20\n• E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Could Be Set Up for Short-Term Correction\n• Crude Oil Price Forecast – Crude Oil Markets Drift Lower\n• USD/JPY Forex Technical Analysis – Could Break Sharply if Sellers Take Out 109.361\n• EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 12/01/20', 'Ethereum Classic successfully completed the “Agharta” hard fork at block number 9,573,000 at 06:26 UTC on Sunday, according toetcnodes.org.\nSimilar to the network’s last backwards-incompatible upgrade in September,Atlantis, Agharta makesethereum classic more interoperablewith sister-chain ethereum. As part of the hard fork, theConstantinopleand St. Petersburg upgrades deployed in tandem on the ethereum network last February will be enabled under Ethereum Classic Improvement Proposal (ECIP) 1056.\nThe20th largestcryptocurrency by market capitalization, ethereum classic and ethereum engaged in a messy divorce following the 2016 DAO hack. Ethereum classic community members opted to not roll back the transactions enabling the DAO hacker to steal the funds; meanwhile, ethereum hard forked, partially reclaiming the hacked funds.\nRelated:Muir Glacier: Ethereum Hard Forks for Second Time in One Month\nThree years after the split, ethereum classic has engaged in efforts to rebuild community and technical ties between the two chains, Atlantis and Agharta being two measures towards that effort.\nAsreported by CoinDesk, Constantinople included four ethereum improvement proposals (EIPs). Most code changes revolved around optimizations for developers, code edits for further scaling solutions and ethereum’s economic policy.\nAlthough different chains with different visions, ethereum classic is facing similar difficulties to ethereum, however.\nAccording to ETC Cooperative executive director Bob Summerwill, ethereum classic is showing signs of consolidation around select clients – the full servers which process network requests – similarly to ethereum.\nRelated:BitGo Warns Users to Withdraw Bitcoin SV Over Hard Fork Threat to Wallets\nParity Technologies, which recentlyannouncedits intention to step back from maintaining its code base individually, is expected to host 75 percent of the ethereum classic network as another major client, Geth Classic, is deprecated after the Agharta hard fork.\n“The client diversity problem on ETC is in the opposite directio **Last 60 Days of Bitcoin's Closing Prices:** [8808.26, 8708.09, 8491.99, 8550.76, 8577.98, 8309.29, 8206.15, 8027.27, 7642.75, 7296.58, 7397.80, 7047.92, 7146.13, 7218.37, 7531.66, 7463.11, 7761.24, 7569.63, 7424.29, 7321.99, 7320.15, 7252.03, 7448.31, 7547.00, 7556.24, 7564.35, 7400.90, 7278.12, 7217.43, 7243.13, 7269.68, 7124.67, 7152.30, 6932.48, 6640.52, 7276.80, 7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-01-12 **Financial & Commodity Data:** - Gold Closing Price: $1557.50 - Crude Oil Closing Price: $59.04 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.45 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Cryptocurrency exchange Kraken haslaunchedsupport for the Swiss franc (CHF) in partnership with Liechtenstein-based Bank Frick. Starting Dec. 6, users can trade between CHF and Bitcoin as well as CHF and Ether on Kraken’s platform. Founded in 2011, the U.S.-based exchange allows customers to buy or sell cryptocurrencies including Bitcoin, Ethereum, Ripple, and Litecoin using various fiat currencies. The company recentlyjoinedthe Silvergate Exchange Network developed by California-chartered Silvergate Bank, which enabled Kraken users to enjoy real-time, around-the-clock deposits and withdrawals of U.S. dollars without a fee. Besides USD, customers can also fund their accounts with Canadian dollars, euros, British pound sterling, and Japanese yen. CHF will be the sixth fiat currency that Kraken supports.... - 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.
8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Bitcoin rose by 2.01% on Sunday. Reversing a 2.04% fall from Saturday, Bitcoin ended the day at $8,714.7. A bearish start to the day saw Bitcoin fall to an early intraday low $7,951.7 before finding support. Steering clear of the first major support level at $7,909.53, Bitcoin bounced back to a late intraday high $8,174.7. In spite of the rebound, Bitcoin came up short of the first major resistance level at $8,200.13 and 23.6% FIB of $8,200. The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, in spite of the gain for the week. Bitcoin rallied by 11.01% through the week. For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the top 10 cryptos, it was a bullish day for the majors. Bitcoin Cash SV (+10.65%) and EOS (+7.57%) led the way. Binance Coin (+3.02%), Bitcoin Cash ABC (+3.72%), Ethereum (+2.87%), Litecoin (+4.15%), and Tron’s TRX (+2.87%) also saw solid gains. Monero’s XMR (+1.98%), Ripple’s XRP (+1.80%), and Stellar’s Lumen (+1.45%) saw more modest gains. It was also bullish across the crypto top 10 for the week. Bitcoin Cash SV led the way, surging by 49.92%. Bitcoin Cash ABC (+21.12%), EOS (+19.80%), Litecoin (+18.81%), Monero’s XMR (+10.23%), and Ripple’s XRP (+10.55%) also saw solid gains. Binance Coin (+9.34%), Ethereum (+8.34%), Stellar’s Lumen (+7.48%), and Tron’s TRX (+9.92%) trailed the frontrunners. Through the week, the crypto total market cap jumped from $197bn levels to an early Wednesday week high $220.27bn before easing back. At the time of writing, the total market cap stood at $218.04bn. Bitcoin’s dominance held onto 68% levels in spite of more modest gains for the week. Trading volumes revisited $100bn levels on Saturday before easing back. At the time of writing, volumes were at $79bn levels. This Morning At the time of writing, Bitcoin was down by 0.13% to $8,164.1. Another mixed start to the day saw Bitcoin rise to an early morning high $8.199.7 before falling to a low $8,135.8. Story continues Bitcoin left the major support and resistance levels untested early on, with the 23.6% FIB of $8,200 limiting the upside early on. Elsewhere, it was a sea of red across the crypto board. Bitcoin Cash ABC (-1.66%), Bitcoin Cash SV (-1.39%), EOS (-1.59%), and Litecoin (-1.07%), led the way down early on. For the Bitcoin Day Ahead Bitcoin would need to break through the 23.6% FIB of $8,200 to support a run at the first major resistance level at $8,249.03. Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $8,199.7. Barring a broad-based extended crypto rally on the day, the first major resistance level and 23.6% FIB would likely cap any upside once more. Failure to break through 23.6% FIB could see Bitcoin fall deeper into the red. A fall back through the morning low $8,135.8 to sub-$8,100 levels would bring the first major support level at $8,026.03 into play. Barring a crypto meltdown, however, Bitcoin should steer clear of the second major support level at $7,877.37. This article was originally posted on FX Empire More From FXEMPIRE: AUD/USD Forex Technical Analysis – Support Cluster at .6894 to .6892 Oil Price Fundamental Weekly Forecast – Traditional Fundamentals Point toward Sideways-to-Lower Trade The Week Ahead – Corporate Earnings, Stats, and Geopolitics to Deliver More Volatility Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – 13/01/20 Commodity Weekly: Volatile Start to 2020 Natural Gas Price Fundamental Weekly Forecast – ‘Gap and Go’ Rally Possible if Cold Moves into US', 'Bitcoin rose by 2.01% on Sunday. Reversing a 2.04% fall from Saturday, Bitcoin ended the day at $8,714.7.\nA bearish start to the day saw Bitcoin fall to an early intraday low $7,951.7 before finding support.\nSteering clear of the first major support level at $7,909.53, Bitcoin bounced back to a late intraday high $8,174.7.\nIn spite of the rebound, Bitcoin came up short of the first major resistance level at $8,200.13 and 23.6% FIB of $8,200.\nThe near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, in spite of the gain for the week. Bitcoin rallied by 11.01% through the week.\nFor the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.\nAcross the rest of the top 10 cryptos, it was a bullish day for the majors.\nBitcoin Cash SV (+10.65%) and EOS (+7.57%) led the way.\nBinance Coin (+3.02%), Bitcoin Cash ABC (+3.72%), Ethereum (+2.87%), Litecoin (+4.15%), and Tron’s TRX (+2.87%) also saw solid gains.\nMonero’s XMR (+1.98%), Ripple’s XRP (+1.80%), and Stellar’s Lumen (+1.45%) saw more modest gains.\nIt was also bullish across the crypto top 10 for the week.\nBitcoin Cash SV led the way, surging by 49.92%.\nBitcoin Cash ABC (+21.12%), EOS (+19.80%), Litecoin (+18.81%), Monero’s XMR (+10.23%), and Ripple’s XRP (+10.55%) also saw solid gains.\nBinance Coin (+9.34%), Ethereum (+8.34%), Stellar’s Lumen (+7.48%), and Tron’s TRX (+9.92%) trailed the frontrunners.\nThrough the week, the crypto total market cap jumped from $197bn levels to an early Wednesday week high $220.27bn before easing back. At the time of writing, the total market cap stood at $218.04bn.\nBitcoin’s dominance held onto 68% levels in spite of more modest gains for the week. Trading volumes revisited $100bn levels on Saturday before easing back. At the time of writing, volumes were at $79bn levels.\nAt the time of writing, Bitcoin was down by 0.13% to $8,164.1. Another mixed start to the day saw Bitcoin rise to an early morning high $8.199.7 before falling to a low $8,135.8.\nBitcoin left the major support and resistance levels untested early on, with the 23.6% FIB of $8,200 limiting the upside early on.\nElsewhere, it was a sea of red across the crypto board.\nBitcoin Cash ABC (-1.66%), Bitcoin Cash SV (-1.39%), EOS (-1.59%), and Litecoin (-1.07%), led the way down early on.\nBitcoin would need to break through the 23.6% FIB of $8,200 to support a run at the first major resistance level at $8,249.03.\nSupport from the broader market would be needed, however, for Bitcoin to break out from the morning high $8,199.7.\nBarring a broad-based extended crypto rally on the day, the first major resistance level and 23.6% FIB would likely cap any upside once more.\nFailure to break through 23.6% FIB could see Bitcoin fall deeper into the red.\nA fall back through the morning low $8,135.8 to sub-$8,100 levels would bring the first major support level at $8,026.03 into play.\nBarring a crypto meltdown, however, Bitcoin should steer clear of the second major support level at $7,877.37.\nThisarticlewas originally posted on FX Empire\n• AUD/USD Forex Technical Analysis – Support Cluster at .6894 to .6892\n• Oil Price Fundamental Weekly Forecast – Traditional Fundamentals Point toward Sideways-to-Lower Trade\n• The Week Ahead – Corporate Earnings, Stats, and Geopolitics to Deliver More Volatility\n• Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – 13/01/20\n• Commodity Weekly: Volatile Start to 2020\n• Natural Gas Price Fundamental Weekly Forecast – ‘Gap and Go’ Rally Possible if Cold Moves into US', 'The U.S. Department of the Treasury, which manages government revenue, is testing blockchain technology for tracking federal grant payments. The department is about to complete a proof of concept program for a blockchain-based letter of credit for grant recipients, Craig Fischer, innovation program manager at the Treasury, said at a recent conference, as reported by Federal Computer Week (FCW) on Friday. The trial program tokenizes letters of credit to track the flow of grant money from federal reserves to grantees, per the report. Tokenization helps identify grant recipient, grant amount and key dates like when it was awarded, said Fischer. He added that grant recipients would need to have an electronic wallet associated with a bank account to receive a tokenized letter of credit. Its access, however, will be limited. "This isn\'t the Bitcoin network, where everything is visible" to everyone, he said. The Treasury Department is working with San Diego State University, Duke University and the National Science Foundation on the trial program since September, and it is expected to conclude at the end of this month, per the report. This is not the first time the department has been exploring blockchain tech to improve its operations. In 2018, it worked on a pilot project to develop a blockchain-based prototype to manage physical assets such as computers and cell phones.', 'The U.S. Department of the Treasury, which manages government revenue, is testing blockchain technology for tracking federal grant payments.\nThe department is about to complete a proof of concept program for a blockchain-based letter of credit for grant recipients, Craig Fischer, innovation program manager at the Treasury,saidat a recent conference, as reported by Federal Computer Week (FCW) on Friday.\nThe trial program tokenizes letters of credit to track the flow of grant money from federal reserves to grantees, per the report. Tokenization helps identify grant recipient, grant amount and key dates like when it was awarded, said Fischer.\nHe added that grant recipients would need to have an electronic wallet associated with a bank account to receive a tokenized letter of credit. Its access, however, will be limited. "This isn\'t the Bitcoin network, where everything is visible" to everyone, he said.\nThe Treasury Department is working with San Diego State University, Duke University and the National Science Foundation on the trial program since September, and it is expected to conclude at the end of this month, per the report.\nThis is not the first time the department has been exploring blockchain tech to improve its operations. In 2018, itworkedon a pilot project to develop a blockchain-based prototype to manage **Last 60 Days of Bitcoin's Closing Prices:** [8708.09, 8491.99, 8550.76, 8577.98, 8309.29, 8206.15, 8027.27, 7642.75, 7296.58, 7397.80, 7047.92, 7146.13, 7218.37, 7531.66, 7463.11, 7761.24, 7569.63, 7424.29, 7321.99, 7320.15, 7252.03, 7448.31, 7547.00, 7556.24, 7564.35, 7400.90, 7278.12, 7217.43, 7243.13, 7269.68, 7124.67, 7152.30, 6932.48, 6640.52, 7276.80, 7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-01-13 **Financial & Commodity Data:** - Gold Closing Price: $1548.40 - Crude Oil Closing Price: $58.08 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.49 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Don’t panic. That’s the message to anyone spooked by bitcoin’s brutal sell-off from several bullish experts interviewed by CoinDesk. The bellwether cryptocurrency has tumbled 11.5 percent in the last week or so, likely due to a lack of positive catalysts entering the picture and China’s latest crackdown on digital asset trading. It briefly dipped below the psychological level of $7,000 and as of this writing is trading around $7,117. But zooming out the lens a bit and taking a macro perspective, experts note at least three plausible reasons to think this may be just a hiccup for bitcoin. Related: Bitcoin Is Looking at a Short-Term Bull Reversal if Prices Pass $7,400 On the demand side, institutional trading platforms like Bakkt and Fidelity Digital Asset Services (FDAS) are starting to see uptake. Retail bitcoin purchases are on the rise at the popular consumer app Square as well. And all else equal, the expected halving of mining rewards next year bodes well on the supply side since it will reduce the amount of new bitcoin regularly injected into the market. “While the latest drop in price is a short-term cause for concern, the fundamentals around BTC and increasing institutional adoption continue up and to the right,” said Jehan Chu, Co-Founder and Managing Partner at Kenetic, a venture capital and trading firm based in Hong Kong. Bakkt to business After a disappointing start in September, the Bakkt futures market has started to ramp up in earnest, hitting an all-time high on Nov. 22, with 2,728 contracts traded. That was a 68 percent increase on the day prior while open interest was up 29 percent on the day. Open interest refers to the total number of outstanding derivative contracts that have not yet been settled. A subsidiary of Intercontinental Exchange (ICE, which also owns the New York Stock Exchange), Bakkt is a regulated platform and exchange for the purchase, sale and storage of crypto assets aimed at institutional traders and companies. Story continues Related: Charities Put a Bitcoin Twist on Giving Tuesday Its role has been to increase confidence and trust within the crypto-sphere amongst larger funds by offering more sophisticated trading instruments such as futures contracts that can be utilized to hedge against risk. “It’s actually good that it’s going to take longer for bitcoin to hit the next all-time high because it shows how the market is maturing and with more institutions jumping in,” said Josh Rager, an analyst and co-founder at Blockroots, an education platform for trading focused on the BTC market and crypto-assets. High Fidelity Similarly, platforms targeting large investors, such as FDAS , launched earlier this year by mutual-fund powerhouse Fidelity Investments, provide a vital service for those larger funds seeking a safer avenue to enter crypto without having to rely on exchanges to store their crypto. They are likely boosting long-term sentiment by providing custody options for digital assets, experts told CoinDesk. Fidelity Digital Assets, the nascent cryptocurrency trading business servicing institutional investors, also features an onboarding service with dedicated client support that makes the process of entering the space more convenient and legit from a large investor’s perspective. Institutional adoption continues at a “rapid pace,” said Gabor Gubacs, director of digital assets strategy at asset management firm VanEck. “Lower BTC prices are more accessible and healthier entry points for new BTC allocators,” said Gubacs. To be sure, it’s not as accessible as some may have hoped. Gurbacs’ firm, for example, withdrew a proposed bitcoin exchange-traded fund (ETF) from consideration by the U.S. Securities and Exchange Commission (SEC) in September, after the regulator signaled it was in no hurry to approve any such vehicle for retail investors. Instead, VanEck is selling shares in an ETF-like bitcoin fund strictly to institutions. Squaring off Another encouraging sign for the bulls is the fact that first-time buyers of bitcoin through Square’s Cash app have roughly doubled , with the company’s bitcoin revenue climbing 244 percent year-over-year to $1.27 billion in the third quarter. Admittedly, Square only started offering bitcoin purchases in November 2017 (near the peak of the last bull market), so that triple-digit growth is from a small base. Also, the company’s profits from bitcoin sales have been comparatively tiny, in the low seven figures. Still, for Chu, the data bolsters the case for optimism, when combined with the developments on the institutional side. “Bakkt trading volumes are steadily increasing, retail purchases on Square are at high levels, and platforms like Fidelity continue to create comprehensive access to Bitcoin for their customers – all of which are bullish long-term signs for bitcoin,” Chu said. ‘Fundamentals are different’ Then there are the key metrics about the asset itself. Rager noted that the hash rate, a measure of how much computing power is being devoted to the bitcoin network, has tripled since the previous all-time price high of $20,000 December 2017. In his interpretation, institutions are selling to force weaker hands to capitulate, so the larger funds can accumulate BTC at lower prices ahead of the halving expected in May 2020. Jonny Moe, a crypto day trader and analyst, agreed that the halving was the single biggest factor relating to the bullish long-term case and that BTC itself is a deflationary currency whose purchasing power should grow over time. “To this point, all the evidence we have is that price has respected this disinflation in supply,” Moe said. “Until we see it stop following this four-year cycle, the most simplistic long term view is to just respect it and let it continue.” But bear in mind that this point is up for debate . Some traders aren’t sure history will repeat itself. Previously, those buying bitcoin in anticipation of the halving had the wind at their back, in the form of an already-bullish market, crypto trader Willy Woo noted recently. “Well this time around, we have gone $14k->$7.5k and that’s killing off weak miners who are dumping and dying,” Woo tweeted . “This adds to the already bearish action, so no happy front running 6-months out due to sell pressure. You can’t draw repeat fractals, the fundamentals are different.” Disclosure: This author holds no cryptocurrency at the time of writing . Related Stories As Bitcoin Bounces Back Above $7K, Popular Analysts Say Monthly Close Is Pivotal Bear Breather? Bitcoin Looks Oversold After 50% Price Drop Since June... - 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.
8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Twitter is said to be considering a feature that will allow users to tip each other from their tweets.\nThe Informationreportedthe news on Monday, citing “two people familiar with [Twitter’s] decisions.” A Twitter spokesperson, however, told The Information that the company is currently not developing a tipping feature.\nSome news outlets aremisreportingthat Twitter is considering a bitcoin tipping feature; The Information report does not mention so. It remains to be seen whether Twitter develops such a feature and if so, whether it will integrate bitcoin into it.\nTwitter CEO Jack Dorsey is a well-known bitcoin supporter. Dorsey oncesaid: “The Internet deserves a native currency...I hope it will be bitcoin. I’m a huge fan.”\nDorsey’s other companies, Square and Square Crypto, have also been betting big on bitcoin. Square’s Cash Appfacilitated$148 million in bitcoin sales in Q3 of 2019 alone. Square Crypto, on the other hand, has beenworkingto make bitcoin “a daily-use currency with widespread adoption.”Square was recently alsohiringa product manager to add new possible features to its Cash App, including "auto-investing" and peer-to-peer "BTC gifting."', 'Twitter is said to be considering a feature that will allow users to tip each other from their tweets. The Information reported the news on Monday, citing “two people familiar with [Twitter’s] decisions.” A Twitter spokesperson, however, told The Information that the company is currently not developing a tipping feature. Some news outlets are misreporting that Twitter is considering a bitcoin tipping feature; The Information report does not mention so. It remains to be seen whether Twitter develops such a feature and if so, whether it will integrate bitcoin into it. Twitter CEO Jack Dorsey is a well-known bitcoin supporter. Dorsey once said : “The Internet deserves a native currency...I hope it will be bitcoin. I’m a huge fan.” Dorsey’s other companies, Square and Square Crypto, have also been betting big on bitcoin. Square’s Cash App facilitated $148 million in bitcoin sales in Q3 of 2019 alone. Square Crypto, on the other hand, has been working to make bitcoin “a daily-use currency with widespread adoption.” Square was recently also hiring a product manager to add new possible features to its Cash App, including "auto-investing" and peer-to-peer "BTC gifting."', 'In the wake of massive national fiat inflation, demand for Bitcoin has soared in Venezuela, with users paying over $700 more for BTC than its market price. More and more Venezuelans are adopting cryptocurrency every day after facing one of the worst periods of hyperinflation in recent history. The ongoing crisis, which began in 2016, has seen the price of the Venezuelan bolívar (VEF) dwindle, with the Central Bank of Venezuela estimating inflation rates of over 53.7 million percent between 2016 and 2019. As its purchasing power declines and huge piles of cash are required for the most basic necessities, desperate Venezuelans have been turning to Bitcoin instead. Volume on peer-to-peer exchange and Bitcoin marketplace LocalBitcoins has skyrocketed from just over 13 billion VEF this time last year to 360 billion VEF last week. LocalBitcoins volume by week, VEF – source: CoinDance Huge premiums in Venezuela However, Venezuelans are so eager to use the decentralised currency that there is currently a $700 premium on the price of BTC in the South American nation. This has declined slightly in the past day, but some media sources are reporting prices of over $1,500 higher than the current spot price. In July 2019, Venezuela’s controversial president Nicolas Maduro urged the Bank of Venezuela to adopt the nation’s own cryptocurrency, the Petro . The Petro, which is allegedly backed by oil, is Maduro’s attempt to stabilise the beleaguered Venezuelan economy. However, many economists have criticised the scheme, calling it unsustainable. Many have pointed out that the country’s over-reliance on oil exports paired with declining global oil prices over the last few years were the original cause of Venezuela’s hyperinflation – leaving little room for improvement through the Petro. It now seems that rather than trust another government-backed currency, Venezuelans have opted to use a decentralised and trustless option instead. Story continues Other Latin American nations, such as Argentina, have been quick to adopt cryptocurrencies as well. A weak Argentine peso has forced many Argentinians to explore BTC payments, evidenced by an all-time high in Bitcoin trading leading up to Christmas in 2019. You can read more on Venezuela’s Bitcoin use here . The post LocalBitcoins volume skyrockets in Venezuela appeared first on Coin Rivet .', 'In the wake of massive national fiat inflation, demand for Bitcoin has soared in Venezuela, with users paying over $700 more for BTC than its market price. More and more Venezuelans are adopting cryptocurrency every day after facing one of the worst periods of hyperinflation in recent history. The ongoing crisis, which began in 2016, has seen the price of the Venezuelan bolívar (VEF) dwindle, with the Central Bank of Venezuela estimating inflation rates of over 53.7 million percent between 2016 and 2019. As its purchasing power declines and huge piles of cash are required for the most basic necessities, desperate Venezuelans have been turning to Bitcoin instead. Volume on peer-to-peer exchange and Bitcoin marketplace LocalBitcoins has skyrocketed from just over 13 billion VEF this time last year to 360 billion VEF last week. LocalBitcoins volume by week, VEF – source: CoinDance Huge premiums in Venezuela However, Venezuelans are so eager to use the decentralised currency that there is currently a $700 premium on the price of BTC in the South American nation. This has declined slightly in the past day, but some media sources are reporting prices of over $1,500 higher than the current spot price. In July 2019, Venezuela’s controversial president Nicolas Maduro urged the Bank of Venezuela to adopt the nation’s own cryptocurrency, the Petro . The Petro, which is allegedly backed by oil, is Maduro’s attempt to stabilise the beleaguered Venezuelan economy. However, many economists have criticised the scheme, calling it unsustainable. Many have pointed out that the country’s over-reliance on oil exports paired with declining global oil prices over the last few years were the original cause of Venezuela’s hyperinflation – leaving little room for improvement through the Petro. It now seems that rather than trust another government-backed currency, Venezuelans have opted to use a decentralised and trustless option instead. Story continues Other Latin American nations, such as Argentina, have been quick to adopt cryptocurrencies as well. A weak Argentine peso has forced many Argentinians to explore BTC payments, evidenced by an all-time high in Bitcoin trading leading up to Christmas in 2019. You can read more on Venezuela’s Bitcoin use here . The post LocalBitcoins volume skyrockets in Venezuela appeared first on Coin Rivet .', 'In the wake of massive national fiat inflation, demand for Bitcoin has soared in Venezuela, with users paying over $700 more for BTC than its market price. More and more Venezuelans are adopting cryptocurrency every day after facing one of the worst periods of hyperinflation in recent history. The ongoing crisis, which began in 2016, has seen the price of the Venezuelan bolívar (VEF) dwindle, with the Central Bank of Venezuela estimating inflation rates of over 53.7 million percent between 2016 and 2019. As its purchasing power declines and huge piles of cash are required for the most basic necessities, desperate Venezuelans have been turning to Bitcoin instead. Volume on peer-to-peer exchange and Bitcoin marketplace LocalBitcoins has skyrocketed from just over 13 billion VEF this time last year to 360 billion VEF last week. LocalBitcoins volume by week, VEF – source: CoinDance Huge premiums in Venezuela However, Venezuelans are so eager to use the decentralised currency that there is currently a $700 premium on the price of BTC in the South American nation. This has declined slightly in the past day, but some media sources are reporting prices of over $1,500 higher than the current spot price. In July 2019, Venezuela’s controversial president Nicolas Maduro urged the Bank of Venezuela to adopt the nation’s own cryptocurrency, the Petro . The Petro, which is allegedly backed by oil, is Maduro’s attempt to stabilise the beleaguered Venezuelan economy. However, many economists have criticised the scheme, calling it unsustainable. Many have pointed out that the country’s over-reliance on oil exports paired with declining global oil prices over the last few years were the original cause of Venezuela’s hyperinflation – leaving little room for improvement through the Petro. It now seems that rather than trust another government-backed currency, Venezuelans have opted to use a decentralised and trustless option instead. Story continues Other Latin American nations, such as Argentina, have been quick to adopt cryptocurrencies as well. A weak Argentine peso has forced many Argentinians to explore BTC payments, evidenced by an all-time high in Bitcoin trading leading up to Christmas in 2019. You can read more on Venezuela’s Bitcoin use here . The post LocalBitcoins volume skyrockets in Venezuela appeared first on Coin Rivet .', 'Bitcoin rallied by more than 5% in a matter of hours following yesterday evening\x92s daily candle close. It is now trading well above the $8,400 level and the 200 exponential moving average (EMA) on the daily chart, both of which have acted as bitter points of resistance over the past month. What\x92s most important now is whether Bitcoin can close tonight\x92s daily candle above the $8,400 level, which would provide confirmation for the breakout. As a continued surge to the upside seems most likely, the next logical stopping point would be the $8,8 **Last 60 Days of Bitcoin's Closing Prices:** [8491.99, 8550.76, 8577.98, 8309.29, 8206.15, 8027.27, 7642.75, 7296.58, 7397.80, 7047.92, 7146.13, 7218.37, 7531.66, 7463.11, 7761.24, 7569.63, 7424.29, 7321.99, 7320.15, 7252.03, 7448.31, 7547.00, 7556.24, 7564.35, 7400.90, 7278.12, 7217.43, 7243.13, 7269.68, 7124.67, 7152.30, 6932.48, 6640.52, 7276.80, 7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-01-14 **Financial & Commodity Data:** - Gold Closing Price: $1542.40 - Crude Oil Closing Price: $58.23 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.56 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin (BTC) is currently trading at just below $7,330 following a substantial 6% drop in price since Friday. BTC broke most of its support levels during November as the coin looked to be free falling. However, BTC found support near $6,700 last week and bounced back up to around $7,800 before dropping again. Will BTC recover soon? Let’s take a look at Bitcoin’s chart, courtesy of TradingView . At the time of writing, Bitcoin is on a very bearish trend. Lower highs are giving way to significant price drops. Since the massive bull market that took Bitcoin close to $14,000 earlier in the year, the coin has been dropping in value following a downtrend that was only broken in late October when price surprisingly broke through a number of key resistance levels (around the 200-day, 50-day, and 20-day EMAs). Bitcoin is now about 35% down from October’s high of $10,350 and close to 50% down from the yearly high in June. Last month , I said I expected BTC to find a bottom near its 200-day EMA and that Bitcoin would bounce to around $10,000. BTC has instead broken below its 200-day EMA and there isn’t much support volume to stop another fall. If the $6,700 level was to be broken, the next stop for BTC, if the volume profile is to be believed, is just above $5,000. The current Bitcoin trend History shows us that BTC is prone to huge drops between 30% and 40% during bull seasons. Therefore, I don’t advise that you fight the trend, but surf it for as long as possible. Last week, I underlined that within the next three to five weeks, we could see a major reversal after a period of serious accumulation by ‘hodlers’. We’re still in an accumulation phase and the current downtrend is proof. Volume has dropped to around $17 billion as a result of the consolidation period. This means there is still a lot of room for a further drop if volume picks up again. Will the trend reverse soon? As veteran traders and investors usually say, smart money “buys when there’s blood on the streets”. I’ve been saying for the past month that I’m waiting for major drops to make new entries. Moments like these are highly welcomed and appreciated. Story continues I strongly believe Bitcoin to be a long-term store of value, especially as traditional markets continue to show weaknesses. How can the markets continue to push higher throughout the year after the ECB’s recent rate cuts, the continuous share buybacks from huge corporations, or the inverted bond yield shoving investors away towards riskier assets? In addition, repo market activity – as in loans from central banks to commercial and investment banks – has spiked to new monthly records. That adds up to another signal of weakness for the general economy. In conclusion, investors and traders should pay attention to the overall economic panorama, as it will most likely be a major catalyst for worldwide BTC adoption. Safe trades! Current live Bitcoin pricing information and interactive charts are available on our site 24 hours a day. The ticker bar at the bottom of every page on our site has the latest Bitcoin price. Pricing is also available in a range of different currency equivalents: US Dollar – BTCtoUSD British Pound Sterling – BTCtoGBP Japanese Yen – BTCtoJPY Euro – BTCtoEUR Australian Dollar – BTCtoAUD Russian Rouble – BTCtoRUB About Bitcoin In August 2008, the domain name bitcoin.org was registered. On 31st October 2008, a paper was published called “Bitcoin: A Peer-to-Peer Electronic Cash System”. This was authored by Satoshi Nakamoto, the inventor of Bitcoin. To date, no one knows who this person, or people, are. The paper outlined a method of using a P2P network for electronic transactions without “relying on trust”. On 3rd January 2009, the Bitcoin network came into existence. Nakamoto mined block number “0” (or the “genesis block”), which had a reward of 50 Bitcoins. More Bitcoin news and information If you want to find out more information about Bitcoin or cryptocurrencies in general, then use the search box at the top of this page. Here’s an article to get you started. As with any investment, it pays to do some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. This page is not recommending a particular currency or whether you should invest or not. Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. The post Latest Bitcoin price and analysis (BTC to USD) appeared first on Coin Rivet .... - 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.
8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Bitcoin rallied by 8.36% on Tuesday. Reversing a 0.97% fall from Monday, Bitcoin ended the day at $8,772.6. Bullish throughout the day, Bitcoin rallied from an early morning intraday low $8,095.8 to a late intraday high $8,829.0. Steering clear of the major support levels, Bitcoin broke through the major resistance levels and 23.6% FIB of $8,200. While pulling back from $8,800 levels, Bitcoin held above the third major resistance level at $8,408.57 at the day end. The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, in spite of the upward momentum. For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the top 10 cryptos, it was a particularly bullish day for the majors. Bitcoin Cash SV led the way, surging by a whopping 145%. Bitcoin Cash ABC (+30.69%), EOS (+22.09%), Ethereum (+15.51%), Litecoin (+17.81%), Ripple’s XRP (+10.68%), and Tron’s TRX (+13.38%) also bounced. Binance Coin (+9.63%), Monero’s XMR (+8.54%), and Stellar’s Lumen (+9.03%) trailed the pack on the day. Through the start of the week, the crypto total market cap rallied from a Monday low $215.38 to a Tuesday current week high $244.24bn. At the time of writing, the total market cap stood at $243bn. Bitcoin’s dominance tumbled to 65% levels as the broader market surged on Tuesday. Trading volumes also jumped, hitting $168bn levels before easing back. At the time of writing, 24-hr volumes stood at $167.5bn. This Morning At the time of writing, Bitcoin was down by 0.38% to $8,739.7. A mixed start to the day saw Bitcoin fall to an early morning low $8,661.5 before striking a high $8,859.7. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Bitcoin Cash SV was down by 7.28% to lead the way down. Ethereum and Bitcoin Cash ABC also joined Bitcoin in the red, with early losses of 0.62% and 0.26% respectively. Story continues It was bullish for the rest of the pack, however. Binance Coin (2.68%), Monero’s XMR (+3.81%), and Stellar’s Lumen (+3.65%) led the way early on. EOS (+0.60%), Litecoin (+1.08%), Ripple’s XRP (+0.88%), and Tron’s TRX (+1.88%) saw modest gains. For the Bitcoin Day Ahead Bitcoin would need to move back through the morning high $8,859.7 to support a run at the first major resistance level at $9,035.8. Support from the broader market would be needed, however, for Bitcoin to break out from the morning high to $9,000 levels. Barring a broad-based extended crypto rally on the day, the first major resistance level at $9,035.8 would likely cap any upside. Failure to break through the morning high could see Bitcoin give up some of Tuesday’s gains. A fall back through the morning low $8,661.5 to sub-$8,600 levels would bring the first major support level at $8,302.6 into play. Barring a crypto meltdown, however, Bitcoin should avoid sub-$8,600 levels on the day. This article was originally posted on FX Empire More From FXEMPIRE: Gold Price Prediction – Prices Rebound from Session Lows Following Soft US CPI Natural Gas Price Prediction – Prices Slip as Weather Forecast Moderates Is the US/China Trade Deal Being Just A Detente? Economic Data and Geopolitics Put the GBP and USD in the Limelight USD/JPY Forex Technical Analysis – Trader Reaction to Former Tops Will Set the Tone Silver Traders Big Trend Analysis – PART II', 'Bitcoin rallied by 8.36% on Tuesday. Reversing a 0.97% fall from Monday, Bitcoin ended the day at $8,772.6.\nBullish throughout the day, Bitcoin rallied from an early morning intraday low $8,095.8 to a late intraday high $8,829.0.\nSteering clear of the major support levels, Bitcoin broke through the major resistance levels and 23.6% FIB of $8,200.\nWhile pulling back from $8,800 levels, Bitcoin held above the third major resistance level at $8,408.57 at the day end.\nThe near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, in spite of the upward momentum.\nFor the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.\nAcross the rest of the top 10 cryptos, it was a particularly bullish day for the majors.\nBitcoin Cash SV led the way, surging by a whopping 145%.\nBitcoin Cash ABC (+30.69%), EOS (+22.09%), Ethereum (+15.51%), Litecoin (+17.81%), Ripple’s XRP (+10.68%), and Tron’s TRX (+13.38%) also bounced.\nBinance Coin (+9.63%), Monero’s XMR (+8.54%), and Stellar’s Lumen (+9.03%) trailed the pack on the day.\nThrough the start of the week, the crypto total market cap rallied from a Monday low $215.38 to a Tuesday current week high $244.24bn. At the time of writing, the total market cap stood at $243bn.\nBitcoin’s dominance tumbled to 65% levels as the broader market surged on Tuesday. Trading volumes also jumped, hitting $168bn levels before easing back. At the time of writing, 24-hr volumes stood at $167.5bn.\nAt the time of writing, Bitcoin was down by 0.38% to $8,739.7. A mixed start to the day saw Bitcoin fall to an early morning low $8,661.5 before striking a high $8,859.7.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nBitcoin Cash SV was down by 7.28% to lead the way down. Ethereum and Bitcoin Cash ABC also joined Bitcoin in the red, with early losses of 0.62% and 0.26% respectively.\nIt was bullish for the rest of the pack, however.\nBinance Coin (2.68%), Monero’s XMR (+3.81%), and Stellar’s Lumen (+3.65%) led the way early on.\nEOS (+0.60%), Litecoin (+1.08%), Ripple’s XRP (+0.88%), and Tron’s TRX (+1.88%) saw modest gains.\nBitcoin would need to move back through the morning high $8,859.7 to support a run at the first major resistance level at $9,035.8.\nSupport from the broader market would be needed, however, for Bitcoin to break out from the morning high to $9,000 levels.\nBarring a broad-based extended crypto rally on the day, the first major resistance level at $9,035.8 would likely cap any upside.\nFailure to break through the morning high could see Bitcoin give up some of Tuesday’s gains.\nA fall back through the morning low $8,661.5 to sub-$8,600 levels would bring the first major support level at $8,302.6 into play.\nBarring a crypto meltdown, however, Bitcoin should avoid sub-$8,600 levels on the day.\nThisarticlewas originally posted on FX Empire\n• Gold Price Prediction – Prices Rebound from Session Lows Following Soft US CPI\n• Natural Gas Price Prediction – Prices Slip as Weather Forecast Moderates\n• Is the US/China Trade Deal Being Just A Detente?\n• Economic Data and Geopolitics Put the GBP and USD in the Limelight\n• USD/JPY Forex Technical Analysis – Trader Reaction to Former Tops Will Set the Tone\n• Silver Traders Big Trend Analysis – PART II', 'The historic $8,830 level of resistance has caused a period of disruption for Bitcoin following a staggering 30% rally since the turn of the year. As previously reported by Coin Rivet , the $8,830 level will be a stern test for BTC as price was rejected there on October 10 as well as numerous times in May before the eventual rally to $14,000. Bitcoin will now either come back to test the $8,450 level of support or attempt another breakout above $8,830, which could spur a rally towards the psychological level of $10,000. However, before $10,000 is tested, there is another level of resistance at $9,330, which became a level of support following the bearish reversal from June\x92s local high. The daily relative strength index (RSI) remains in a bullish position moving into the second half of the week after making a clear higher high of around 70 during yesterday\x92s rally. The stochastics also reiterate the bullish sentiment with clear upticks in the bullish control zone demonstrating that more upside price action is likely in the coming week. Another bullish case for Bitcoin is that the 22 and 50 exponential moving averages (EMA) are moving at a rate of knots towards the 200 EMA, which would indicate a golden cross on the daily chart that will undoubtedly cause a significant rally to the upside. For more news, guides, and cryptocurrency analysis, click here . The post Bitcoin surge halted by bitter $8,830 level of resistance appeared first on Coin Rivet . View comments', 'The historic $8,830 level of resistance has caused a period of disruption for Bitcoin following a staggering 30% rally since the turn of the year. As previously reported by Coin Rivet , the $8,830 level will be a stern test for BTC as price was rejected there on October 10 as well as numerous times in May before the eventual rally to $14,000. Bitcoin will now either come back to test the $8,450 level of support or attempt another breakout above $8,830, which could spur a rally towards the psychological level of $10,000. However, before $10,000 is tested, there is another level of resistance at $9,330, which became a level of support following the bearish reversal from June\x92s local high. The daily relative strength index (RSI) remains in a bullish position moving into the second half of the week after making a clear higher high of around 70 during yesterday\x92s rally. The stochastics also reiterate the bullish sentiment with clear upticks in the bullish control zone demonstrating that more upside price action is likely in the coming week. Another bullish case for Bitcoin is that the 22 and 50 exponential moving averages (EMA) are moving at a rate of knots towards the 200 EMA, which would indicate a golden cross on the daily chart that will undoubtedly cause a significant rally to the upside. For more news, guides, and cryptocurrency analysis, click here . The post Bitcoin surge halted by bitter $8,830 level of resistance appeared first on Coin Rivet . View comments', 'The historic $8,830 level of resistance has caused a period of disruption for Bitcoin following a staggering 30% rally since the turn of the year. As previously reported by Coin **Last 60 Days of Bitcoin's Closing Prices:** [8550.76, 8577.98, 8309.29, 8206.15, 8027.27, 7642.75, 7296.58, 7397.80, 7047.92, 7146.13, 7218.37, 7531.66, 7463.11, 7761.24, 7569.63, 7424.29, 7321.99, 7320.15, 7252.03, 7448.31, 7547.00, 7556.24, 7564.35, 7400.90, 7278.12, 7217.43, 7243.13, 7269.68, 7124.67, 7152.30, 6932.48, 6640.52, 7276.80, 7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-01-15 **Financial & Commodity Data:** - Gold Closing Price: $1552.10 - Crude Oil Closing Price: $57.81 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.54 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin fell by 0.08% on Sunday. Following on from a 0.02% decline on Saturday, Bitcoin ended the day at $7,364.6. The moves through the weekend left Bitcoin down by 0.04% for the week. A bullish start to the day saw Bitcoin rally to an early morning intraday high $7,509.9. Bitcoin broke through the first major resistance level at $7,428.77 and the second major resistance level at $7,487.73. While easing back to sub-$7,500 levels, Bitcoin held onto $7,400 levels until a late sell-off. The sell-off saw Bitcoin fall back through the major resistance levels to a late intraday low $7,315.8. Steering clear of the first major support level at $7,304.07, Bitcoin found support in the final hour to limit the downside on the day. The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, reaffirmed with Bitcoin’s slide back to sub-$7,000 levels earlier in the week. For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the top 10 cryptos, it was a mixed day for the majors. Monero’s XRM led the way, rallying by 6.03% to replace Stellar’s Lumen in the crypto top 10 (by market cap). Binance Coin (+1.74%), Bitcoin Cash SV (+1.01%), EOS (+1.14%), Ethereum (+0.87%), Litecoin (+1.36%), and Ripple’s XRP (+0.39%) also saw green. Bitcoin Cash ABC (-1.26%), Stellar’s Lumen (-0.31%), Tezos (-0.17%), and Tron’s TRX (+0.11%) joined Bitcoin in the red on the day. It was also a mixed bag for the week ending 5 th January. Monero’s XMR and Bitcoin Cash SV led the way with gains of 15.5% and 11.3% respectively. Bitcoin Cash ABC (+5.44%), Ethereum (+0.74%), and Litecoin (+0.56%) also made gains in the week. It was a bearish week for the rest of the pack, with Tezos sliding by 4.1% to lead the way down. Binance Coin (-0.21%), EOS (-0.22%), Ripple’s XRP (-1.18%), Stellar’s Lumen (-1.62%), and Tron’s TRX (-1.24%) also joined Bitcoin in the red for the week. Story continues Through the week, the crypto total market cap recovered from a Thursday low $185.26bn. A bullish start to the day on Sunday saw the market cap hit a week high $200.37bn. At the time of writing, the total market cap stood at $197.83bn. Bitcoin’s dominance continued to sit at 68% levels following relatively modest losses for the week. Trading volumes hit $90bn levels on Saturday before easing back to sub-$70bn levels. At the time of writing, volumes were at $67bn levels. This Morning At the time of writing, Bitcoin was up by 0.16% to $7,376.6. A bullish start to the day saw Bitcoin rise from an early morning low $7,358.0 to a high $7,381.2. Bitcoin left the major support and resistance levels untested early on. Elsewhere, Monero’s XMR (+0.36%), Ripple’s XRP (+0.12%), Tezos (+0.07%), and Tron’s TRX (+0.07%) also found early support. It was a bearish start for the rest, however, with Bitcoin Cash SV (-0.26%), Ethereum (-0.23%) and Stellar’s Lumen (-0.27%) leading the way down. For the Bitcoin Day Ahead Bitcoin would need to move back through to $7,390 levels to support a run at the first major resistance level at $7,477.73. Support from the broader market would be needed for Bitcoin to break back through to $7,400 levels. Barring an extended crypto rally on the day, resistance at $7,500 would likely limit any upside. Failure to move through to $7,390 levels could see Bitcoin hit reverse. A fall through the morning low $7,358.0 would bring the first major resistance level at $7,283.63 into play. Barring a crypto meltdown, however, Bitcoin should steer clear of sub-$7,200 levels. The second major support level at $7,202.67 should limit any downside on the day. This article was originally posted on FX Empire More From FXEMPIRE: US Manufacturing Activity Hits 10-Year Low; EIA Reports Another Big Crude Oil Draw ‘Risk-Off’: Profit-Takers Hit Aussie, Kiwi, Safe-Haven Demand Boost Yen US Equity Markets: After Dodging Risk in 2019, Investors Should Prepare for Heightened Volatility in 2020 U.S Mortgage Rates Eased Back and Could Slide in the Week Ahead Natural Gas Price Prediction – Prices Consolidate Following Inventory Report European Equities: A Week in Review – 04/01/20... - Reddit Posts (Sample): [['u/amycastor', 'The midnight rider has arrived! Craig Wright confirms delivery of the Tulip Trust keys.', 26, '2020-01-15 00:49', 'https://www.reddit.com/r/Buttcoin/comments/eotv1v/the_midnight_rider_has_arrived_craig_wright/', "You could hear the horse coming over the hill and the moon was shining bright in the background. We couldn't see the face of the rider, but we knew it was him. Full story: https://modernconsensus.com/cryptocurrencies/bitcoin/craig-wright-to-judge-bonded-courier-gave-me-keys-to-satoshi-nakamotos-1100111-bitcoins/", 'https://www.reddit.com/r/Buttcoin/comments/eotv1v/the_midnight_rider_has_arrived_craig_wright/', 'eotv1v', [['u/jstolfi', 15, '2020-01-15 01:13', 'https://www.reddit.com/r/Buttcoin/comments/eotv1v/the_midnight_rider_has_arrived_craig_wright/fef3e6t/', "So Craig has finally got the p[inaudible mumble] keys of Satoshi's bitcoins!\n\n(Does Leo Jakobson know the difference between public keys, private keys, and addresses? Is he vying for the 2020 Lea McGrath Prize?)", 'eotv1v'], ['u/LeoLabine', 20, '2020-01-15 01:15', 'https://www.reddit.com/r/Buttcoin/comments/eotv1v/the_midnight_rider_has_arrived_craig_wright/fef3igc/', "That'be so funny if the sacrosanct genius Satoshi turns out to be this goofball.", 'eotv1v'], ['u/vslashg', 15, '2020-01-15 01:36', 'https://www.reddit.com/r/Buttcoin/comments/eotv1v/the_midnight_rider_has_arrived_craig_wright/fef5dd1/', 'I have serious difficulty understanding how anyone can be gullible enough to still buy into this charlitan\'s ever-shifting, ever-implausible lies.\n\n"That\'ll be so funny if two plus two turns out to be five."', 'eotv1v'], ['u/HopeFox', 25, '2020-01-15 04:16', 'https://www.reddit.com/r/Buttcoin/comments/eotv1v/the_midnight_rider_has_arrived_craig_wright/fefkelu/', "I still don't get why he's so desperate to prove that he has the billions of dollars that he's being sued for.", 'eotv1v']]], ['u/increaseblocks', 'Sell any BSV you have now', 71, '2020-01-15 00:51', 'https://www.reddit.com/r/btc/comments/eotw3m/sell_any_bsv_you_have_now/', 'This price rise is unsustainable and BSV is on a crash course when Craig Wright is unable to proof the private keys for the 1.1 million BTC come end of the month. Sell now while you can make a profit', 'https://www.reddit.com/r/btc/comments/eotw3m/sell_any_bsv_you_have_now/', 'eotw3m', [['u/Uttfttufftcytfcctf', 33, '2020-01-15 01:05', 'https://www.reddit.com/r/btc/comments/eotw3m/sell_any_bsv_you_have_now/fef2nar/', 'I agree. Don’t be greedy, it will suddenly be too late.', 'eotw3m'], ['u/BigBlockIfTrue', 10, '2020-01-15 01:10', 'https://www.reddit.com/r/btc/comments/eotw3m/sell_any_bsv_you_have_now/fef33po/', "This filing does not contain any data. What is more interesting right now is what's in the document he sent to plaintiffs. But I highly suspect it will just be another list of addresses (the previous one was debunked) without any proof of private keys.", 'eotw3m'], ['u/homopit', 15, '2020-01-15 01:22', 'https://www.reddit.com/r/btc/comments/eotw3m/sell_any_bsv_you_have_now/fef46xx/', 'Of course it is just a list of addresses:\n\n>that would only allow information needed to generate the list of public keys (and thus public addresses) for Bitcoin mined by Dr. Wright’s companies in 2009 and 2010, **and not yet provide** (in January 2020) information necessary to access the private keys necessary to spend such coins. https://coingeek.com/craig-wright-sets-record-straight-again-on-tulip-trust/\n\nThe show must go on!', 'eotw3m'], ['u/324JL', 17, '2020-01-15 01:24', 'https://www.reddit.com/r/btc/comments/eotw3m/sell_any_bsv_you_have_now/fef4b2o/', "Interesting, looks like someone flush with cash is having their way with the markets.\n\nRight now BTC, BCH, and BSV are (relatively) calm, but Dash just went up ~40% in 10 minutes. It's up 65% in the past 24 hours.", 'eotw3m'], ['u/moleccc', 18, '2020-01-15 01:30', 'https://www.reddit.com/r/btc/comments/eotw3m/sell_any_bsv_you_have_now/fef4u2j/', '> someone flush with ~~cash~~ tether\n\nftfy\n\n> Dash just went up ~40% in 10 minutes.\n\nholy crap! what on earth!?!', 'eotw3m'], ['u/tjmac', 16, '2020-01-15 03:34', 'https://www.reddit.com/r/btc/comments/eotw3m/sell_any_bsv_you_have_now/fefg94f/', 'CoinEx is usually what people recommend.', 'eotw3m']]], ['u/badjano', 'Bitcoin is 1600 BigMacs today', 85, '2020-01-15 01:15', 'https://www.reddit.com/r/Bitcoin/comments/eou6zp/bitcoin_is_1600_bigmacs_today/', 'fiat is dropping, we need a new reference', 'https://www.reddit.com/r/Bitcoin/comments/eou6zp/bitcoin_is_1600_bigmacs_today/', 'eou6zp', [['u/3rdeyeopenwide', 23, '2020-01-15 01:21', 'https://www.reddit.com/r/Bitcoin/comments/eou6zp/bitcoin_is_1600_bigmacs_today/fef41uc/', 'You’ve sold me, BigMacs it is.', 'eou6zp'], ['u/0d35dee', 28, '2020-01-15 02:35', 'https://www.reddit.com/r/Bitcoin/comments/eou6zp/bitcoin_is_1600_bigmacs_today/fefaphc/', 'its true a Bigmac has been a lot more consistent over the last 50 years than a fucking central bank shitcoin like USD', 'eou6zp']]], ['u/Take_A_Byte', 'BTC VS. BCH', 23, '2020-01-15 04:11', 'https://www.reddit.com/r/btc/comments/eowh0k/btc_vs_bch/', 'Hi everyone, I’m really interested in crypto and am just getting started. I’ve heard good things about both bitcoin and bitcoin cash. What are your thoughts about the two? Or why is one better than the other? Just want to learn more about crypto and start some mini investments.\n\nI’m also wondering a good way to buy crypto if you are under 18. (The bitcoin.com wallet seemed pretty good, so I’ll probably use that)', 'https://www.reddit.com/r/btc/comments/eowh0k/btc_vs_bch/', 'eowh0k', [['u/steve_m0', 17, '2020-01-15 04:42', 'https://www.reddit.com/r/btc/comments/eowh0k/btc_vs_bch/fefmu9o/', 'Simple version\nEverything BTC can do, BCH can do better/faster/cheaper.\n\nMore tx, More Privacy too. \n(Bigger Blocks + Cash Shuffle + Cash Fusion)\n\nBCH has 0-conf vs BTC RBF\n\nThose are a few to start googling and reading 😁', 'eowh0k'], ['u/Uttfttufftcytfcctf', 10, '2020-01-15 04:51', 'https://www.reddit.com/r/btc/comments/eowh0k/btc_vs_bch/fefnlxg/', 'BCH is quick with small fees, and designed to scale for global adoption. It’s digital cash. There is an exchange on bitcoin.com, I haven’t tried it, but I don’t think you need ID there. I bought mine on Kraken which needed ID.', 'eowh0k'], ['u/JonathanSilverblood', 16, '2020-01-15 08:37', 'https://www.reddit.com/r/btc/comments/eowh0k/btc_vs_bch/feg2bmj/', "Bitcoin (BTC) has the benefit of a larger network effect and when not put under pressure it performs reasonably well. It has a long history and earned it's trust in the publics eye. Unfortunately, it has failed to adapt to it's environment and is having serious issues with scaling to meet demand.\n\nBitcoin Cash (BCH) is an off-spring from Bitcoin (BTC) and is built to the same level of quality, but with the mindset that it needs to adapt to changes to survive. It scales better, has a varied set of full nodes for it's peer network, has a more consistent goal and long-term roadmap.\n\nOn the short term both will likely do reasonably well, but on the long term Bitcoin (BTC) will rely on external systems to alleviate it's shortcomings while Bitcoin Cash (BCH) will continue to improve on it's fundamental qualities.", 'eowh0k']]], ['u/where-is-satoshi', 'Payment efficiency of Lightning VS Bitcoin BCH', 34, '2020-01-15 04:19', 'https://www.reddit.com/r/btc/comments/eowkis/payment_efficiency_of_lightning_vs_bitcoin_bch/', 'TL;DR \nRight now a Lightning user must buy a minimum 1,313 coffees and lock a minimum of $5,906 in the channel just to match the payment efficiency of Bitcoin Cash.\n\nAccording to fork.lol BTC 3hr average fees per block is $1,448.81 and TXs per block is 2297.71 yielding an average fee of $0.656. Given you need two TXs to open/close a LN channel, you need to buy 1,313 coffees just to match the payment efficiency of what Bitcoin Cash does buying a single coffee. You also need to lock a minimum of $5,906 in your channel. Assuming only a crappy centralizing single channel is used and no routing/watchtower/liquidity provider fees are included.\n\nWith 3 channels (min for decentralization), this rises to 3,939 coffees and $17,718 locked up.\n\nLightning - why bother\n\nEdit: clarity', 'https://www.reddit.com/r/btc/comments/eowkis/payment_efficiency_of_lightning_vs_bitcoin_bch/', 'eowkis', [['u/where-is-satoshi', 13, '2020-01-15 04:33', 'https://www.reddit.com/r/btc/comments/eowkis/payment_efficiency_of_lightning_vs_bitcoin_bch/fefm0xs/', "Bitcoin Cash is so elegant, simple and powerful and Lightning has an uphill battle to even become relevant let alone competitive. Won't be long now.", 'eowkis'], ['u/FUBAR-BDHR', 23, '2020-01-15 05:43', 'https://www.reddit.com/r/btc/comments/eowkis/payment_efficiency_of_lightning_vs_bitcoin_bch/fefrx09/', "But you are paying for all that on chain security. Oh wait they aren't on chain.", 'eowkis']]], ['u/AutoModerator', '[Daily Discussion] Wednesday, January 15, 2020', 49, '2020-01-15 05:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/eox4m9/daily_discussion_wednesday_january_15_2020/', "**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**Other ways to interact:**\n\n* [Get an invite](https://join.slack.com/t/reddit-bitcoinmarkets/shared_invite/enQtNjM1NTg3ODgwODUzLTQ2NjZjYjYxMWExZmZmMWY0MDNlN2JlM2RhZmM0NWY1YzY1MDlkOTMyNWFjNTZjYTg1ZDM2YmEwMWRkZjIwYjM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)\n* Set your flair to trade pretend money in [the Flair Game](https://coinsight.org/flairgame)\n* Weekly threads: [Newbie Mondays](http://www.reddit.com/r/BitcoinMarkets/search?q=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.
8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85
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:** ['View Bitcoin is facing temporary bullish exhaustion, according to Wednesday’s “doji” candle. The case for a notable pullback will strengthen if prices break below Wednesday’s low of $8,555. That could yield a drop to $8,200. A move above the hourly chart resistance at $8,705 would allow a re-test of Wednesday’s high near $8,900. The bitcoin market istelling a tale of bullish exhaustion with indecisive price action following arise to the highest point since November. The top cryptocurrency witnessed two-way business on Wednesday. Prices rose from lows near $8,550 seen during the Asian trading hours to a two-month high of $8,903, only to end the day (UTC) on a flat note at $8,808, according to CoinDesk’s Bitcoin Price Index . Essentially, bitcoin createda “doji” candle, which is widely considered a sign of indecision in themarketplace. Related: JPMorgan Veterans’ Kadena Launches Public Blockchain, Integrates Wallet to Cosmos Network In this case, however, the candle could be considered a sign of buyer exhaustion, as it has appeared following a sharp rally from $6,850 to $8,900 and suggests the indecision is predominantly among the bulls. The price action seen so far today is telling the same story. The cryptocurrency fell from $8,800 to $8,575 during the Asian trading hours and has struggled to chart a strong bounce ever since. This is in contrast to the quick reversals from sub-$8,600 levels seen in the previous two days. At press time, bitcoin is trading near $8,600, representing a one percent drop on a 24-hour basis. Daily and hourly charts Bitcoin now risks a deeper pullback below Wednesday’s low of $8,555. A drop through that support would validate buyer exhaustion signaled by the doji candle (above left), attracting selling pressure. Related: Bitcoin Eyes $9K After Biggest Single-Day Rise in a Month It would also confirm a double-top breakdown on the hourly chart (above right). That would open the doors for $8,210 (target as per the measured move method). Story continues That said, the short-term outlook would turn bearish only if any pullback ends up violating the bullish higher low of $7,667 created Jan. 10. That, however, looks unlikely with the five- and 10-day averages continuing to trend north. These averages, currently located at $8,508 and $8,276, respectively, tend to reverse pullbacks when they are on an upward trajectory. Further, the longer duration charts have recently turned bullish. Wednesday’s high of $8,903will likely come into play if prices violate the lower high of $8,705 seen onthe hourly chart in the next few hours. A break above $8,900, a level that has acted as strong resistance in the last 48 hours, would likely invite stronger buying pressure, yielding a quick move to the 200-day average at $9,100. Disclosure: The author holds no cryptocurrency assets at the time of writing. Related Stories Ahead of Davos, What Can Cash Teach Us About Crypto? Upbit Exchange Resumes Ether Services Months After $49M Hack', '• Bitcoin is facing temporary bullish exhaustion, according to Wednesday’s “doji” candle.\n• The case for a notable pullback will strengthen if prices break below Wednesday’s low of $8,555. That could yield a drop to $8,200.\n• A move above the hourly chart resistance at $8,705 would allow a re-test of Wednesday’s high near $8,900.\nThe bitcoin market istelling a tale of bullish exhaustion with indecisive price action following arise to the highest point since November.\nThe top cryptocurrency witnessed two-way business on Wednesday. Prices rose from lows near $8,550 seen during the Asian trading hours to a two-month high of $8,903, only to end the day (UTC) on a flat note at $8,808, according to CoinDesk’sBitcoin Price Index.\nEssentially, bitcoin createda “doji” candle, which is widely considered a sign of indecision in themarketplace.\nRelated:JPMorgan Veterans’ Kadena Launches Public Blockchain, Integrates Wallet to Cosmos Network\nIn this case, however, the candle could be considered a sign of buyer exhaustion, as it has appeared following a sharp rally from $6,850 to $8,900 and suggests the indecision is predominantly among the bulls.\nThe price action seen so far today is telling the same story. The cryptocurrency fell from $8,800 to $8,575 during the Asian trading hours and has struggled to chart a strong bounce ever since. This is in contrast to the quick reversals from sub-$8,600 levels seen in the previous two days.\nAt press time, bitcoin is trading near $8,600, representing a one percent drop on a 24-hour basis.\nBitcoin now risks a deeper pullback below Wednesday’s low of $8,555. A drop through that support would validate buyer exhaustion signaled by the doji candle (above left), attracting selling pressure.\nRelated:Bitcoin Eyes $9K After Biggest Single-Day Rise in a Month\nIt would also confirm a double-top breakdown on the hourly chart (above right). That would open the doors for $8,210 (target as per the measured move method).\nThat said, the short-term outlook would turn bearish only if any pullback ends up violating the bullish higher low of $7,667 created Jan. 10.\nThat, however, looks unlikely with the five- and 10-day averages continuing to trend north. These averages, currently located at $8,508 and $8,276, respectively, tend to reverse pullbacks when they are on an upward trajectory. Further, the longer duration charts have recentlyturnedbullish.\nWednesday’s high of $8,903will likely come into play if prices violate the lower high of $8,705 seen onthe hourly chart in the next few hours.\nA break above $8,900, a level that has acted as strong resistance in the last 48 hours, would likely invite stronger buying pressure, yielding a quick move to the 200-day average at $9,100.\nDisclosure:The author holds no cryptocurrency assets at the time of writing.\n• Ahead of Davos, What Can Cash Teach Us About Crypto?\n• Upbit Exchange Resumes Ether Services Months After $49M Hack', '• Bitcoin is facing temporary bullish exhaustion, according to Wednesday’s “doji” candle.\n• The case for a notable pullback will strengthen if prices break below Wednesday’s low of $8,555. That could yield a drop to $8,200.\n• A move above the hourly chart resistance at $8,705 would allow a re-test of Wednesday’s high near $8,900.\nThe bitcoin market istelling a tale of bullish exhaustion with indecisive price action following arise to the highest point since November.\nThe top cryptocurrency witnessed two-way business on Wednesday. Prices rose from lows near $8,550 seen during the Asian trading hours to a two-month high of $8,903, only to end the day (UTC) on a flat note at $8,808, according to CoinDesk’sBitcoin Price Index.\nEssentially, bitcoin createda “doji” candle, which is widely considered a sign of indecision in themarketplace.\nRelated:JPMorgan Veterans’ Kadena Launches Public Blockchain, Integrates Wallet to Cosmos Network\nIn this case, however, the candle could be considered a sign of buyer exhaustion, as it has appeared following a sharp rally from $6,850 to $8,900 and suggests the indecision is predominantly among the bulls.\nThe price action seen so far today is telling the same story. The cryptocurrency fell from $8,800 to $8,575 during the Asian trading hours and has struggled to chart a strong bounce ever since. This is in contrast to the quick reversals from sub-$8,600 levels seen in the previous two days.\nAt press time, bitcoin is trading near $8,600, representing a one percent drop on a 24-hour basis.\nBitcoin now risks a deeper pullback below Wednesday’s low of $8,555. A drop through that support would validate buyer exhaustion signaled by the doji candle (above left), attracting selling pressure.\nRelated:Bitcoin Eyes $9K After Biggest Single-Day Rise in a Month\nIt would also confirm a double-top breakdown on the hourly chart (above right). That would open the doors for $8,210 (target as per the measured move method).\nThat said, the short-term outlook would turn bearish only if any pullback ends up violating the bullish higher low of $7,667 created Jan. 10.\nThat, however, looks unlikely with the five- and 10-day averages continuing to trend north. These averages, currently located at $8,508 and $8,276, respectively, tend to reverse pullbacks when they are on an upward trajectory. Further, the longer duration charts have recentlyturnedbullish.\nWednesday’s high of $8,903will likely come into play if prices violate the lower high of $8,705 seen onthe hourly chart in the next few hours.\nA break above $8,900, a level that has acted as strong resistance in the last 48 hours, would likely invite stronger buying pressure, yielding a quick move to the 200-day average at $9,100.\nDisclosure:The author holds no cryptocurrency assets at the time of writing.\n• Ahead of Davos, What Can Cash Teach Us About Crypto?\n• Upbit Exchange Resumes Ether Services Months After $49M Hack', 'Litecoin (LTC) is currently trading at around $55 after a 5% drop over the last 24 hours. However, despite the recent decline, LTC price has risen almost 19% since last week. Litecoin experienced exponential growth during the summer of 2019, hitting a yearly high of about $140 in August before breaking down over the second half of the year. Litecoin reached a low of around $37 before recovering to $40, where the altcoin consolidated for a few weeks. Overall, from high to low, Litecoin lost about 68% of its value in the second half of 2019. Interestingly, at the time of writing, LTC seems to be in better shape after a much-needed pump earlier this week. Litecoin has already pushed over $50 and seems to be targeting $60, but is facing resistance from the 200-day EMA. Will the positive trend continue? Let’s take a look at the LTC chart, courtesy of TradingView . As you can see, after touching the 200-day EMA (the blue line) earlier this week, LTC seems to be dropping back down. Last week , I mentioned I could not foresee the price of LTC making a substantial move without first pumping above $50. **Last 60 Days of Bitcoin's Closing Prices:** [8577.98, 8309.29, 8206.15, 8027.27, 7642.75, 7296.58, 7397.80, 7047.92, 7146.13, 7218.37, 7531.66, 7463.11, 7761.24, 7569.63, 7424.29, 7321.99, 7320.15, 7252.03, 7448.31, 7547.00, 7556.24, 7564.35, 7400.90, 7278.12, 7217.43, 7243.13, 7269.68, 7124.67, 7152.30, 6932.48, 6640.52, 7276.80, 7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-01-16 **Financial & Commodity Data:** - Gold Closing Price: $1549.00 - Crude Oil Closing Price: $58.52 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.55 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: The historic $8,830 level of resistance has caused a period of disruption for Bitcoin following a staggering 30% rally since the turn of the year. As previously reported by Coin Rivet , the $8,830 level will be a stern test for BTC as price was rejected there on October 10 as well as numerous times in May before the eventual rally to $14,000. Bitcoin will now either come back to test the $8,450 level of support or attempt another breakout above $8,830, which could spur a rally towards the psychological level of $10,000. However, before $10,000 is tested, there is another level of resistance at $9,330, which became a level of support following the bearish reversal from June’s local high. The daily relative strength index (RSI) remains in a bullish position moving into the second half of the week after making a clear higher high of around 70 during yesterday’s rally. The stochastics also reiterate the bullish sentiment with clear upticks in the bullish control zone demonstrating that more upside price action is likely in the coming week. Another bullish case for Bitcoin is that the 22 and 50 exponential moving averages (EMA) are moving at a rate of knots towards the 200 EMA, which would indicate a golden cross on the daily chart that will undoubtedly cause a significant rally to the upside. For more news, guides, and cryptocurrency analysis, click here . The post Bitcoin surge halted by bitter $8,830 level of resistance appeared first on Coin Rivet . 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.
8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['NEW YORK, NY / ACCESSWIRE / January 17, 2020 /According to the official Twitter of MXC Exchange, it reached a partnership with Simplex, a payment fin-tech company granted with a legal license in Europe on January 16 (Singapore time). This cooperation enables users to buy BTC, BCH, LTC, ETH, XRP, and TRX via credit/debit cards (such as VISA, MasterCard). Initially, the payment by USD and EUR is available. Users can access the feature by visiting mxc.io as of 20:00 (UTC+8), January 15.\nFollowed by the partnership with Banxa, a regulation-compliance payment platform in South-east Asia that provides users with the service of buying BTC, ETC, etc. by VISA and MasterCard (supporting AUD, USD, GBP, EUR payment) on January 4th, Simplex was the second law-compliance payment company cooperating with MXC Exchange within a month.\nSimplex is a fin-tech company granted with a legal license in Europe, which is dedicated to providing solutions for users to buy cryptocurrencies by credit/debit card. It leverages AI technology to remove fraudulent payment and improves trading efficiency. In addition to MXC Exchange, Simplex has also reached cooperation with Binance, Bithmb and other famous trading platforms in the world, dealing with the crypto trading worth of over a billion dollars each year.\nMXC Exchange is a Singapore-based digital asset trading platform. Since its establishment in April 2018, it has gained burgeoning growth in less than two years. In 2019, the daily trading volume on MXC accounted for over 5% of the whole crypto market in the world. Besides, MXC Exchange keeps committed to developing digital-asset transactions, PoS Pool, digital economy research and blockchain technologies, and works to support blockchain startups and expands global presence.\nOn December 20, 2019, MXC Exchange was granted with MTR License of Estonia by the financial regulator, enabling it provides crypto-to-fiat conversion service and digital currency wallet service for users in Estonia.\nOn January 2, 2020, under the guidance of Fin CEN (Financial Crimes Enforcement Network, Department of the Treasury), MXC Exchange was granted an MSB license of the U.S. That means it is legally allowed to carry out spot trading and other businesses in the United States.\n"From December 20 to date, less than 30 days, MXC Exchange was granted regulatory compliance licenses in Estonia and U.S. and established a partnership with Banxa and Simplex, two licensed payment platform. This is "MXC Speed". MXC will work hard to be a regulatory compliance company in more countries and regions shortly, and remain committed to delivering the best services for our users." Said Henry, spokesman of MXC Exchange.\nContact information\nName: Jed LiCompany Name: MXC PRO FOUNDATION LTDEmail:[email protected]:www.mxc.com\nSOURCE:MXC PRO FOUNDATION LTD\nView source version on accesswire.com:https://www.accesswire.com/573386/MXC-Reaching-Partnership-With-Simplex', 'The US House Financial Services Committee has been discussing the use of Bitcoin in domestic terror financing, with some experts claiming it is now being used by neo-Nazi groups. Jared Maples, the New Jersey Office of Homeland Security and Preparedness Director, has said domestic terror groups are likely to ramp up their use of the cryptocurrency to fund their nefarious activities. He was joined by Anti-Defamation League Senior Vice President George Selim and Congressional Research Service finance expert Rena Miller. The trio predicted that with the rise of crypto awareness, it will become more widely used by white supremacists and other hate groups. Infamous crypto sceptic Congressman Brad Sherman was in agreement, saying : “If it works for Hamas, it will work for the Nazis too.” BTC use on the rise Maples likewise referenced Hamas and suggested domestic terrorists had taken a page out of its playbook in using Bitcoin for both secrecy and privacy. He alleged there had been a $60,000 donation in BTC given to Andrew Anglin, publisher of far-right media outlet The Daily Stormer, following the attack in Charlottesville, Virginia in 2017. When asked about how to counter terror groups, Maples said it was important to be mindful and to “get the processes right”. Interestingly, it isn’t just Bitcoin they are using to finance their attacks. Recent reports suggest as many as 54 white supremacist groups are utilising Apple’s iTunes, earning roughly 70 cents for each song downloaded on the music platform. Selim has recommended agencies pursue more rigorous prosecutions of domestic terror funding sources and utilise data from various fields such as finance, technology, civil rights, and civil liberties groups alongside studying new forms of money such as digital currencies. Interested in reading more cryptocurrency and terror-related stories? Discover more about the UK’s FCA becoming the anti-money laundering and counter terrorist financing supervisor for businesses conducting cryptoasset activities. The post US officials claim neo-Nazi groups are using Bitcoin to spread terror appeared first on Coin Rivet .', 'The US House Financial Services Committee has been discussing the use of Bitcoin in domestic terror financing, with some experts claiming it is now being used by neo-Nazi groups. Jared Maples, the New Jersey Office of Homeland Security and Preparedness Director, has said domestic terror groups are likely to ramp up their use of the cryptocurrency to fund their nefarious activities. He was joined by Anti-Defamation League Senior Vice President George Selim and Congressional Research Service finance expert Rena Miller. The trio predicted that with the rise of crypto awareness, it will become more widely used by white supremacists and other hate groups. Infamous crypto sceptic Congressman Brad Sherman was in agreement, saying : “If it works for Hamas, it will work for the Nazis too.” BTC use on the rise Maples likewise referenced Hamas and suggested domestic terrorists had taken a page out of its playbook in using Bitcoin for both secrecy and privacy. He alleged there had been a $60,000 donation in BTC given to Andrew Anglin, publisher of far-right media outlet The Daily Stormer, following the attack in Charlottesville, Virginia in 2017. When asked about how to counter terror groups, Maples said it was important to be mindful and to “get the processes right”. Interestingly, it isn’t just Bitcoin they are using to finance their attacks. Recent reports suggest as many as 54 white supremacist groups are utilising Apple’s iTunes, earning roughly 70 cents for each song downloaded on the music platform. Selim has recommended agencies pursue more rigorous prosecutions of domestic terror funding sources and utilise data from various fields such as finance, technology, civil rights, and civil liberties groups alongside studying new forms of money such as digital currencies. Interested in reading more cryptocurrency and terror-related stories? Discover more about the UK’s FCA becoming the anti-money laundering and counter terrorist financing supervisor for businesses conducting cryptoasset activities. The post US officials claim neo-Nazi groups are using Bitcoin to spread terror appeared first on Coin Rivet .', 'The US House Financial Services Committee has been discussing the use of Bitcoin in domestic terror financing, with some experts claiming it is now being used by neo-Nazi groups. Jared Maples, the New Jersey Office of Homeland Security and Preparedness Director, has said domestic terror groups are likely to ramp up their use of the cryptocurrency to fund their nefarious activities. He was joined by Anti-Defamation League Senior Vice President George Selim and Congressional Research Service finance expert Rena Miller. The trio predicted that with the rise of crypto awareness, it will become more widely used by white supremacists and other hate groups. Infamous crypto sceptic Congressman Brad Sherman was in agreement, saying : “If it works for Hamas, it will work for the Nazis too.” BTC use on the rise Maples likewise referenced Hamas and suggested domestic terrorists had taken a page out of its playbook in using Bitcoin for both secrecy and privacy. He alleged there had been a $60,000 donation in BTC given to Andrew Anglin, publisher of far-right media outlet The Daily Stormer, following the attack in Charlottesville, Virginia in 2017. When asked about how to counter terror groups, Maples said it was important to be mindful and to “get the processes right”. Interestingly, it isn’t just Bitcoin they are using to finance their attacks. Recent reports suggest as many as 54 white supremacist groups are utilising Apple’s iTunes, earning roughly 70 cents for each song downloaded on the music platform. Selim has recommended agencies pursue more rigorous prosecutions of domestic terror funding sources and utilise data from various fields such as finance, technology, civil rights, and civil liberties groups alongside studying new forms of money such as digital currencies. Interested in reading more cryptocurrency and terror-related stories? Discover more about the UK’s FCA becoming the anti-money laundering and counter terrorist financing supervisor for businesses conducting cryptoasset activities. The post US officials claim neo-Nazi groups are using Bitcoin to spread terror appeared first on Coin Rivet .', 'Ever since their $65m settlement with Facebook founder Mark Zuckerberg in 2008, the Winklevoss brothers have been relentless. The identical twins and venture capitalists turned their hands to Bitcoin in the early days, proposing the first Bitcoin ETF in 2013 (which was rejected four years later). Bitcoin ETF or no, the Winklevoss twins have proven their worth in this space. The following year, they launched Gemini Trust Company LLC. As a cryptocurrency exchange and custodian, Gemini is one of the most trusted and respected in the industry. Being regulated by the New York State Department of Financial Services (NYDFS) gi **Last 60 Days of Bitcoin's Closing Prices:** [8309.29, 8206.15, 8027.27, 7642.75, 7296.58, 7397.80, 7047.92, 7146.13, 7218.37, 7531.66, 7463.11, 7761.24, 7569.63, 7424.29, 7321.99, 7320.15, 7252.03, 7448.31, 7547.00, 7556.24, 7564.35, 7400.90, 7278.12, 7217.43, 7243.13, 7269.68, 7124.67, 7152.30, 6932.48, 6640.52, 7276.80, 7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-01-17 **Financial & Commodity Data:** - Gold Closing Price: $1558.80 - Crude Oil Closing Price: $58.54 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.54 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin fell by 1.15% on Thursday. Partially reversing a 4.88% rally from Wednesday, Bitcoin ended the day at $7,460.8. A mixed start to the day saw Bitcoin rise to an early morning high $7,611.0 before falling to a mid-morning ow $7,454.6. Steering well clear of the first major support level at $7,055.33, Bitcoin held onto $7,500 levels through to the late morning. A late morning pullback saw Bitcoin fall back to $7,460 levels before rallying to an early evening intraday $7,690.0. Despite the breakout from $7,500 levels, Bitcoin fell well short of the first major resistance level at $7,866.13. Tracking the broader market late on, Bitcoin fell back to an intraday low $7,415 before finding support. Whilst steering clear of the first major support level, the pullback left Bitcoin in the red for the day. The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, in spite of 3 days in the green from 4. For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the top 10 cryptos, it was a bearish day for the majors on Thursday. EOS and Binance Coin slid by 3.28% and by 3.23% to lead the way down. Bitcoin Cash ABC (-2.28%), Bitcoin Cash SV (-1.83%), Ethereum (-1.33%), and Litecoin (-1.86%) also saw heavy losses. Ripple’s XRP (-0.43%) and Stellar’s Lumen (-1.06%) saw more modest losses on the day. Through the current week, the crypto total market cap slid to a Monday low $180.76bn before rebounding to a Thursday current week high $208.02bn. At the time of writing, the total market cap stood at $203.27bn. Bitcoin’s dominance rose from 66.2% to 66.5%, following Wednesday’s break out and more modest loss on Thursday. 24-hour trading volumes fell back to $65bn levels on Thursday, having peaked at $133bn levels earlier in the week. This Morning At the time of writing, Bitcoin was up by 0.78% to $7,519.0. A relatively bullish start to the day saw Bitcoin rise from an early morning low $7,450.0 to a high $7,519.0. Story continues Bitcoin left the major support and resistance levels untested early on. Elsewhere, Binance Coin (+1.01%), EOS (+1.20%), Ethereum (+0.98%), Ripple’s XRP (+0.95%) found strong support early. Bitcoin Cash SV (+0.38%) and Stellar’s Lumen (+0.37%) trailed the pack through the first hour. For the Bitcoin Day Ahead Bitcoin would need to move back through to $7,520 levels to support a run at the first major resistance level at $7,628.87. Support from the broader market would be needed, however, for Bitcoin to break back through to $7,600 levels. Barring a broad-based crypto rebound on the day, Thursday’s high $7,690 and first major resistance level at $7,628.87 would likely limit any upside. Failure to move through to $7,520 levels could see Bitcoin hit reverse. A fall back to sub-$7,500 levels would bring the first major support level at $7,353.87 into play. Barring a broad-based crypto sell-off, however, Bitcoin should steer clear of sub-$7,300 support levels on the day. This article was originally posted on FX Empire More From FXEMPIRE: FX Market is Ready for the Marathon Asian Shares Post Mild Reaction to Trump’s Signing of Bills Backing Hong Kong Protesters Oil Price Fundamental Daily Forecast – Drillers Reduce Number of Rigs, but Production Still Hits Record High USD/JPY Price Forecast – US Dollar Finds Support EUR/USD Price Forecast – Euro Continues To Hover Major Area GBP/USD Price Forecast – British Pound Choppy... - Reddit Posts (Sample): [['u/bobo1984i', 'Traveling internationally with Bitcoin - best practices', 20, '2020-01-17 02:23', 'https://www.reddit.com/r/Bitcoin/comments/ept4z1/traveling_internationally_with_bitcoin_best/', 'Does anyone have tips or experience travelling with Bitcoin (private keys)?\n\nAir travel through customs where there is a possibility that electronic devices are required to be unlocked/inspected. \n\nI may be moving to another country soon. I’ll need to bring my private keys with me. I have a hardware wallet. Should I take it with me? Even if it’s wiped?\n\nDoes crypto need to be declared like cash does?', 'https://www.reddit.com/r/Bitcoin/comments/ept4z1/traveling_internationally_with_bitcoin_best/', 'ept4z1', [['u/anon517', 18, '2020-01-17 04:22', 'https://www.reddit.com/r/Bitcoin/comments/ept4z1/traveling_internationally_with_bitcoin_best/felunmk/', "Bitcoin doesn't really exist in your hands, even if you have a hardware wallet with the keys. \n\nYour coin balance exists in the global network.\n\nThe keys can unlock that balance, but I would argue you're not actually traveling with Bitcoin itself.\n\nSame as bringing your car keys. You're not bringing your car.", 'ept4z1']]], ['u/MapleStory96', '[Q] Want to invest buy cannot add funds anywhere besides the steam market', 17, '2020-01-17 03:14', 'https://www.reddit.com/r/csgomarketforum/comments/eptsc9/q_want_to_invest_buy_cannot_add_funds_anywhere/', " \n\nI've been trying for weeks now to get verified on bitskins but they never responded after i provided them with all the info they ask for and also skinbaron but i cannot add paypal no matter what i do. I then try to buy by depositing crypto (bitcoin) into bitskins they send me the email with the same crap id selfie etc i send it to them they never reply. Skinbaron doesn't even accept crypto anymore. Now both these sites have my personal info bill statement driver license etc.. and dont even verify me which already pisses me off.\n\nAll they accept is this G2A crap which i refuse to pay for because they are a shit company.\n\nIs there any other websites i can use?", 'https://www.reddit.com/r/csgomarketforum/comments/eptsc9/q_want_to_invest_buy_cannot_add_funds_anywhere/', 'eptsc9', [['u/MSAH15', 15, '2020-01-17 06:20', 'https://www.reddit.com/r/csgomarketforum/comments/eptsc9/q_want_to_invest_buy_cannot_add_funds_anywhere/fem3ej6/', "Mad respect to you for not using G2A.\n\nFor deposits, I highly suggest skinbay, crypto deposits have very low fees and no verification is needed. Skinbay is extremely easy to use and they offer BTC, ETH, and LTC.\n\nI use ETH deposits and it works perfectly well. Just remember not to do it from an exchange site, but from an actual crypto wallet.\n\nIf for whatever reason you don't like skinbay, cs.deals also has crypto deposits with no verification needed, but only for BTC. Never used it b4 so can't say much about it.", 'eptsc9']]], ['u/Liamladderry', 'Alternative to CoinBase', 18, '2020-01-17 04:09', 'https://www.reddit.com/r/BitcoinBeginners/comments/epugt8/alternative_to_coinbase/', "Hi I've been using bitcoin for about 6 months now. And I want to try somewhere better than coinbase with low fees and faster deposits any suggestions?\n\nI'm in the UK", 'https://www.reddit.com/r/BitcoinBeginners/comments/epugt8/alternative_to_coinbase/', 'epugt8', [['u/Perfectenschlag_', 10, '2020-01-17 04:49', 'https://www.reddit.com/r/BitcoinBeginners/comments/epugt8/alternative_to_coinbase/felwvf4/', 'Cash App is solid', 'epugt8'], ['u/Horror_Disciple', 14, '2020-01-17 04:55', 'https://www.reddit.com/r/BitcoinBeginners/comments/epugt8/alternative_to_coinbase/felxd5s/', 'So before you consider the answers, ask yourself, “how am I investing?”. Not trying to troll, but what works for others might not work for you. A lot of people will spout off exchange names that “may” have lower fees, but you have to jump through crazy KYC hoops OR pay Wire Transfer fees OR do not even work in your area OR are great in their home country but are horrible in yours.\n\nAre you someone who deposits $10000 once a year or $20 per month? This would also have a big impact on your fees and how you look at exchanges.\n\nI realize this does not answer your question, but what I am suggesting is first ask yourself how/when/why you are buying Crypto before you just create an account because “This Exchange must be awesome because look at the Upvotes!”.', 'epugt8']]], ['u/AutoModerator', '[Daily Discussion] Friday, January 17, 2020', 49, '2020-01-17 05:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/epv50g/daily_discussion_friday_january_17_2020/', "**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**Other ways to interact:**\n\n* [Get an invite](https://join.slack.com/t/reddit-bitcoinmarkets/shared_invite/enQtNjM1NTg3ODgwODUzLTQ2NjZjYjYxMWExZmZmMWY0MDNlN2JlM2RhZmM0NWY1YzY1MDlkOTMyNWFjNTZjYTg1ZDM2YmEwMWRkZjIwYjM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)\n* Set your flair to trade pretend money in [the Flair Game](https://coinsight.org/flairgame)\n* Weekly threads: [Newbie Mondays](http://www.reddit.com/r/BitcoinMarkets/search?q=newbie+monday&sort=new&restrict_sr=on&t=all) and [Fundamentals Fridays](http://www.reddit.com/r/BitcoinMarkets/search?q=fundamentals+friday&sort=new&restrict_sr=on&t=all)\n* Altcoins Discussion: [Altcoin Discussion](http://www.reddit.com/r/BitcoinMarkets/search?q=altcoin+discussion&sort=new&restrict_sr=on&t=all)", 'https://www.reddit.com/r/BitcoinMarkets/comments/epv50g/daily_discussion_friday_january_17_2020/', 'epv50g', [['u/_TROLL', 11, '2020-01-17 05:19', 'https://www.reddit.com/r/BitcoinMarkets/comments/epv50g/daily_discussion_friday_january_17_2020/felz8qn/', 'Up, Up, Down, Down, Left, Right, Left, Right, B, A, Start. 😛', 'epv50g'], ['u/VintageRudy', 10, '2020-01-17 05:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/epv50g/daily_discussion_friday_january_17_2020/felzi7v/', "That's going up - 8900+", 'epv50g'], ['u/DiNovi', 11, '2020-01-17 05:30', 'https://www.reddit.com/r/BitcoinMarkets/comments/epv50g/daily_discussion_friday_january_17_2020/fem00y3/', '8800 is a cruel mistress', 'epv50g'], ['u/smileyfacemirror', 14, '2020-01-17 05:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/epv50g/daily_discussion_friday_january_17_2020/fem1fm2/', '4H Bbands getting tight again; pretty sure we’ll see a breakout within the next 24 hours.\n\nGiven the bullflag on the daily and the ascending triangle on the 4H, coupled with the MACD weekly crossing bullish (yes I know it’s a lagging indicator), I’m leaning towards a breakout over the 200DMA. Perhaps the weekly RSI may find support over the 55-56 range which served as the base for the past bull market PA.\n\nHave been 10X long for roughly 3 weeks since 7220, no stop loss. If we reject violently with a blow off top wick between 9.3-9.5K however (major resistance), I’ll be closing my long.\n\nAlternate view: If we break below 8.5K and do NOT bounce off 8.1-8.2K, I’ll be waiting for 7.4-7.5K once again.', 'epv50g'], ['u/amiblue333', 14, '2020-01-17 05:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/epv50g/daily_discussion_friday_january_17_2020/fem1oec/', 'To equal gold market cap 1 Bitcoin needs to be worth $401,866', 'epv50g'], ['u/amiblue333', 11, '2020-01-17 06:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/epv50g/daily_discussion_friday_january_17_2020/fem2tn5/', "Last time Bitmex swap open value in BTC was at 100,000 BTC or higher was $10,000 at it broke down hard. https://i.imgur.com/vSULPGZ.png\n\nNow it's at 100,000 BTC again at $8800\n\nMassive buying up to and past $10,000 should clear out the bears shorting the whole way up. Is that sideline money ready.", 'epv50g'], ['u/LeanBeast69', 14, '2020-01-17 06:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/epv50g/daily_discussion_friday_january_17_2020/fem3xdr/', 'Short term Decision time boiiis. LTC about to hit 60$ and ETH 170$, they do that and we will also 🚀', 'epv50g'], ['u/enjoythesun', 13, '2020-01-17 06:52', 'https://www.reddit.com/r/BitcoinMarkets/comments/epv50g/daily_discussion_friday_january_17_2020/fem5erc/', 'Is this what a bull market feels like?', 'epv50g'], ['u/Individual_1ne', 18, '2020-01-17 07:01', 'https://www.reddit.com/r/BitcoinMarkets/comments/epv50g/daily_discussion_friday_january_17_2020/fem5y0p/', 'Finally [broke out of the channel.](https://www.tradingview.com/x/Q1LA4hVe/) In my eyes, the bull market has officially just begun.', 'epv50g'], ['u/MyCheeriosSpellOoo', 15, '2020-01-17 07:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/epv50g/daily_discussion_friday_january_17_2020/fem63bi/', 'Creeping up nicely towards $9k', 'epv50g'], ['u/not_your_keys', 16, '2020-01-17 07:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/epv50g/daily_discussion_friday_january_17_2020/fem66lk/', "No. This is child's play.", 'epv50g'], ['u/not_your_keys', 15, '2020-01-17 07:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/epv50g/daily_discussion_friday_january_17_2020/fem6rdl/', 'Soooooo close... Want to touch the hiney.....', 'epv50g'], ['u/jarederaj', 16, '2020-01-17 07:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/epv50g/daily_discussion_friday_january_17_2020/fem6wi9/', 'Imagine thinking this is a bearish signal.', 'epv50g'], ['u/FemtoG', 11, '2020-01-17 07:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/epv50g/daily_discussion_friday_january_17_2020/fem79cg/', 'tfw watching pumping iron and then check the btc price', 'epv50g'], ['u/SloppySynapses', 14, '2020-01-17 07:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/epv50g/daily_discussion_fr... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82
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:** ['Bitcoin rose by 1.79% on Friday. Reversing a 0.99% fall from Thursday, Bitcoin ended the day at $8,875.4.\nA bullish morning saw Bitcoin rally from an early morning intraday low $8,674.2 to a late morning intraday high $9,000.0.\nSteering clear of the major support levels, Bitcoin broke through the first major resistance level at $8,847.07 and the second major resistance level at $8,973.53.\nComing up against resistance at $9,000, Bitcoin slid back through the major resistance levels to an early afternoon low $8,756.9.\nFinding support late in the day, Bitcoin broke back through the first major resistance level to wrap up the day in the green.\nThe near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, in spite of the recent upward momentum.\nFor the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.\nAcross the rest of the top 10 cryptos, it was a mixed day for the majors.\nBitcoin Cash SV bucked the trend on the day, sliding by 7.71%.\nIt was a bullish day for the rest, with Bitcoin Cash ABC (+13.58%) and Stellar’s Lumen (+13.22%) leading the way.\nBinance Coin (+5.87%), Litecoin (+5.79%), and Monero’s XMR (+4.78%) also saw solid gains.\nEOS (+1.52%), Ethereum (+3.41%), Ripple’s XRP (+3.98%), and Tron’s TRX (+1.24%) trailed the frontrunners.\nThrough the current week, the crypto total market cap rallied from a Monday low $215.38 to a Saturday current week high $248.04bn. At the time of writing, the total market cap stood at $245.65bn.\nBitcoin’s dominance eased back to 65% levels following more a more modest gain on Friday. Trading volumes fall short of $177bn levels hit earlier in the week. At the time of writing, 24-hr volumes stood at $141.63bn.\nAt the time of writing, Bitcoin was up by 0.31% to $8,903.3. A mixed start to the day saw Bitcoin fall to an early morning low $8,846.0 before striking a high $8,965.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was another mixed start to the day for the crypto top 10.\nBinance Coin (-0.53%), Bitcoin Cash SV (-3.03%), Monero’s XMR (-0.16%), Ripple’s XRP (-0.27%), and Stellar’s Lumen (-1.71%) saw red early.\nBitcoin Cash ABC (+4.95%), EOS (+0.46%), Ethereum (+0.60%), Litecoin (+0.61%), and (+ Tron’s TRX (+1.31%) found early support.\nBitcoin would need to move back the morning high $8,965.0 to support a run at the first major resistance level at $9,025.53.\nSupport from the broader market would be needed, however, for Bitcoin to break back through to $9,000 levels.\nBarring a broad-based extended crypto rally on the day, the first major resistance and Friday’s high $9,000 would likely cap any upside.\nFailure to break back through the morning high $8,965.0 could see Bitcoin fall into the red.\nA fall back through the morning low $8,846 would bring the first major support level at $8,699.73 into play. Barring a crypto meltdown, however, Bitcoin should continue to avoid sub-$8,600 levels on the day.\nThisarticlewas originally posted on FX Empire\n• Gold Price Forecast – Expect $1700+ After a Brief Pause\n• Silver Price Forecast – Silver Market Continues To Kill Time\n• European Equities: A Week in Review – 18/01/20\n• Gold Price Prediction – Prices Rise forming Cup and Handle Pattern\n• Natural Gas Weekly Price Forecast – Natural Gas Breaks Two Dollars\n• US Stock Market Overview Stocks Hit Fresh High Buoyed by Housing Starts', 'Bitcoin rose by 1.79% on Friday. Reversing a 0.99% fall from Thursday, Bitcoin ended the day at $8,875.4. A bullish morning saw Bitcoin rally from an early morning intraday low $8,674.2 to a late morning intraday high $9,000.0. Steering clear of the major support levels, Bitcoin broke through the first major resistance level at $8,847.07 and the second major resistance level at $8,973.53. Coming up against resistance at $9,000, Bitcoin slid back through the major resistance levels to an early afternoon low $8,756.9. Finding support late in the day, Bitcoin broke back through the first major resistance level to wrap up the day in the green. The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, in spite of the recent upward momentum. For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the top 10 cryptos, it was a mixed day for the majors. Bitcoin Cash SV bucked the trend on the day, sliding by 7.71%. It was a bullish day for the rest, with Bitcoin Cash ABC (+13.58%) and Stellar’s Lumen (+13.22%) leading the way. Binance Coin (+5.87%), Litecoin (+5.79%), and Monero’s XMR (+4.78%) also saw solid gains. EOS (+1.52%), Ethereum (+3.41%), Ripple’s XRP (+3.98%), and Tron’s TRX (+1.24%) trailed the frontrunners. Through the current week, the crypto total market cap rallied from a Monday low $215.38 to a Saturday current week high $248.04bn. At the time of writing, the total market cap stood at $245.65bn. Bitcoin’s dominance eased back to 65% levels following more a more modest gain on Friday. Trading volumes fall short of $177bn levels hit earlier in the week. At the time of writing, 24-hr volumes stood at $141.63bn. This Morning At the time of writing, Bitcoin was up by 0.31% to $8,903.3. A mixed start to the day saw Bitcoin fall to an early morning low $8,846.0 before striking a high $8,965.0. Story continues Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was another mixed start to the day for the crypto top 10. Binance Coin (-0.53%), Bitcoin Cash SV (-3.03%), Monero’s XMR (-0.16%), Ripple’s XRP (-0.27%), and Stellar’s Lumen (-1.71%) saw red early. Bitcoin Cash ABC (+4.95%), EOS (+0.46%), Ethereum (+0.60%), Litecoin (+0.61%), and (+ Tron’s TRX (+1.31%) found early support. For the Bitcoin Day Ahead Bitcoin would need to move back the morning high $8,965.0 to support a run at the first major resistance level at $9,025.53. Support from the broader market would be needed, however, for Bitcoin to break back through to $9,000 levels. Barring a broad-based extended crypto rally on the day, the first major resistance and Friday’s high $9,000 would likely cap any upside. Failure to break back through the morning high $8,965.0 could see Bitcoin fall into the red. A fall back through the morning low $8,846 would bring the first major support level at $8,699.73 into play. Barring a crypto meltdown, however, Bitcoin should continue to avoid sub-$8,600 levels on the day. This article was originally posted on FX Empire More From FXEMPIRE: Gold Price Forecast – Expect $1700+ After a Brief Pause Silver Price Forecast – Silver Market Continues To Kill Time European Equities: A Week in Review – 18/01/20 Gold Price Prediction – Prices Rise forming Cup and Handle Pattern Natural Gas Weekly Price Forecast – Natural Gas Breaks Two Dollars US Stock Market Overview Stocks Hit Fresh High Buoyed by Housing Starts', "The world's bitcoin miners brought in an estimated $5 billion in revenue during 2019.\nOf that figure, $4.89 billion was in the form of block rewards – that is, the 12.5 BTC generated every time a new transaction block is created. The rest – some $146 million – was made via transaction fees.\nThat reward number is set to change later this year during the so-called halvening, when the per-block subsidy will drop from 12.5 BTC to 6.25 BTC.\nThe $5 billion figure represents a decline from 2018's revenue level, when miners made an estimated $5.26 billion. By comparison, 2017's estimated revenue came in at $3.19 billion, as shown in the graph below.\nAs noted inThe Block's 2020 Research Outlookreport, the revenue figure is estimated on the basis that miners sell their bitcoins immediately, which is not exactly accurate as some companies retain a portion of their mined BTC to sell at a later date.", "The world's bitcoin miners brought in an estimated $5 billion in revenue during 2019.\nOf that figure, $4.89 billion was in the form of block rewards – that is, the 12.5 BTC generated every time a new transaction block is created. The rest – some $146 million – was made via transaction fees.\nThat reward number is set to change later this year during the so-called halvening, when the per-block subsidy will drop from 12.5 BTC to 6.25 BTC.\nThe $5 billion figure represents a decline from 2018's revenue level, when miners made an estimated $5.26 billion. By comparison, 2017's estimated revenue came in at $3.19 billion, as shown in the graph below.\nAs noted inThe Block's 2020 Research Outlookreport, the revenue figure is estimated on the basis that miners sell their bitcoins immediately, which is not exactly accurate as some companies retain a portion of their mined BTC to sell at a later date.", "The world's bitcoin miners brought in an estimated $5 billion in revenue during 2019. Of that figure, $4.89 billion was in the form of block rewards \x96 that is, the 12.5 BTC generated every time a new transaction block is created. The rest \x96 some $146 million \x96 was made via transaction fees. That reward number is set to change later this year during the so-called halvening, when the per-block subsidy will drop from 12.5 BTC to 6.25 BTC. The $5 billion figure represents a decline from 2018's revenue level, when miners made an estimated $5.26 billion. By comparison, 2017's estimated revenue came in at $3.19 billion, as shown in the graph below. As noted in The Block's 2020 Research Outlook report, the revenue figure is estimated on the basis that miners sell their bitcoins immediately, which is not exactly accurate as some companies retain a portion of their mined BTC to sell at a later date.", "Investing.com - Bitcoin rose above the $9,034.6 threshold on Sunday. Bitcoin was trading at 9,034.6 by 20:02 (01:02 GMT) on the Investing.com Index, up 0.65% on the day. It was the largest one-day percentage gain since January 19.\nThe move upwards pushed Bitcoin's market cap up to $162.6B, or **Last 60 Days of Bitcoin's Closing Prices:** [8206.15, 8027.27, 7642.75, 7296.58, 7397.80, 7047.92, 7146.13, 7218.37, 7531.66, 7463.11, 7761.24, 7569.63, 7424.29, 7321.99, 7320.15, 7252.03, 7448.31, 7547.00, 7556.24, 7564.35, 7400.90, 7278.12, 7217.43, 7243.13, 7269.68, 7124.67, 7152.30, 6932.48, 6640.52, 7276.80, 7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-01-18 **Financial & Commodity Data:** - Gold Closing Price: $1558.80 - Crude Oil Closing Price: $58.54 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.51 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: The cryptocurrency industry is unfortunately rife with scams and hackers looking to steal your hard-earned crypto coins. A variety of tactics are used by hackers and their methods are improving every day. The most common strategies adopted by scammers include financial pyramid schemes, exchanges targeting exit scams, fake web and hardware wallets, and even Ponzi schemes. In order to better understand how hackers successfully steal your cryptocurrency , I will take an in-depth look at each method using real-life examples. Hopefully, by understanding how hackers operate and what red flags to look out for, you’ll be better prepared to fend them off and successfully protect your coins. In this article, I’ll discuss Ponzi schemes, financial pyramid schemes, and fake web and hardware wallets. Ponzi schemes According to Investopedia , Ponzi schemes (or scams) are based on fraudulent investment management services. Investors typically contribute money to the “portfolio manager” who promises them a high return. Afterwards, when those investors want their money back, they are paid out with the incoming funds contributed by later investors. The person organising this type of fraud is in charge of controlling the entire operation – they merely transfer funds from one client to another and forgo any real investment activities. One of the biggest Ponzi schemes in crypto – one that currently keeps adding selling pressure to Bitcoin – is the Plus Token scam. “ Plus Token ” was a cryptocurrency Ponzi scheme disguised as a high-yield investment program. Platform administrators closed down the operation in June 2019 after withdrawing over $3 billion in stolen cryptocurrencies such as Bitcoin, Ethereum, and EOS. A report by Chainalysis, a US-based blockchain analysis company, claims Plus Token was “one of the largest Ponzi schemes ever” and was potentially responsible for the 2019 downturn in BTC price. Story continues The report claims that there are still at least 20,000 BTC and 790,000 ETH missing which could be dumped on the market at any time. Financial pyramid schemes A financial pyramid scheme is structured so that the initial schemer must recruit other investors who will continue to recruit other investors, and those investors will then continue to recruit additional investors, and so on. There will be an incentive that is presented as an investment opportunity, such as the right to sell a particular product or high earnings per recruit. Each investor pays the person who recruited them and so on. The recipient must share the proceeds with those in the higher levels of the pyramid structure. One key difference is that pyramid schemes are harder to prove than Ponzi schemes. They are also better protected because the legal teams behind corporations are much more powerful than those protecting an individual. Just recently in Brazil , a group called “Bitcoin Banco” (Bitcoin Bank) is alleged to have conducted a million dollar exit scam . The group was in charge of a great deal of exchanges in the country and promised set returns to investors who traded the exchange currency, Negociecoins. However, according to analysts, “This profit did not exist because the company needs investor money to produce order book orders.” Fake wallets One of the most common mistakes by junior cryptocurrency users is to fall prey to fake cryptocurrency web wallets and hardware wallets. Since some users trust Google and other search engines to look up websites, it’s quite easy to click on the wrong website. To avoid making this mistake, always check the website you’re accessing is the real one. There are loads of fake URLs and GitHub repositories with the sole purpose of stealing your precious cryptocurrency. A simple solution is to save websites you visit often, like web wallets and exchanges, into your browser favourites list. That way, it will be near impossible to fall prey to fake URL hacks. Conclusion Before making any decisions about trading your cryptocurrency or investing in a new coin, make sure you complete thorough research. Keep on top of the latest news and trends as reports of scams begin to increase. Most of all, don’t forget to apply everyday digital best practices to your activity. Cryptocurrency scams and vulnerabilities will continue to evolve as the industry grows and it’s your responsibility to stay protected. Safe trades! The post How easy is it for hackers to steal your cryptocurrency? appeared first on Coin Rivet .... - 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.
8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59
You are an expert financial analyst. Your primary task is to 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 rose by 0.18% on Saturday. Following on from a 1.79% gain on Friday, Bitcoin ended the day at $8,891.6. A bullish start to the day saw Bitcoin rise to an early morning intraday high $8,965.0 before hitting reverse. Falling short of the first major resistance level at $9,025.53, Bitcoin fell to a mid-morning intraday low $8,791.1. Steering clear of the first major support level at $8,699.73, Bitcoin recovered to an afternoon high $8,952.3 before easing back. Holding onto $8,800 levels was key late on. The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, in spite of the recent upward momentum. For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the top 10 cryptos, it was a mixed day for the majors. Bitcoin Cash SV continued to see red on Saturday, sliding by 13.52% to lead the way down. Binance Coin (-1.39%), Bitcoin Cash ABC (-8.34%), EOS (-2.32%), Litecoin (-2.61%), and Monero’s XMR (-2.14%) also saw red. Ethereum (+2.67%), Ripple’s XRP (+2.02%), Stellar’s Lumen (+1.27%), and Tron’s TRX (+1.06%) joined Bitcoin in the green. While it was a mixed bag on Saturday, it’s been a bullish week for the crypto majors, Monday through Saturday. Bitcoin Cash SV led the way, rallying by 51.95%, with Stellar’s Lumen and Bitcoin Cash ABC up by 25.13% and by 24.89% respectively. Whilst the rest of the majors saw more modest gains, it was double-digit gains across the board. Through the current week, the crypto total market cap rallied from a Monday low $215.38 to a Saturday current week high $248.04bn. At the time of writing, the total market cap stood at $243.85bn. Bitcoin’s dominance moved back to 66% levels following the mixed day on Saturday. Trading volumes continued to ease back from $177bn levels hit earlier in the week. At the time of writing, 24-hr volumes stood at $125.39bn. Story continues This Morning At the time of writing, Bitcoin was up by 0.1% to $8,900.1. A mixed start to the day saw Bitcoin fall to an early morning low $8,870.1 before striking a high $8,901.4. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was yet another mixed start to the day for the crypto top 10. Binance Coin (-0.05%), Bitcoin Cash SV (-0.59%), EOS (-0.01%), Monero’s XMR (-0.49), Stellar’s Lumen (-0.07%), and Tron’s TRX (-0.34%) saw red early. It was a bullish start for the rest, with Litecoin up by 1.03% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to steer clear of sub-$8,880 levels to support a run at the first major resistance level at $8,974.03. Support from the broader market would be needed, however, for Bitcoin to break back through Saturday’s high $8,965.0. Barring a broad-based extended crypto rally on the day, the first major resistance and Friday’s high $9,000 would likely continue to cap any upside. In the event of a breakout, the second major resistance level at $9,056.47 would likely come into play. Failure to steer clear of sub-$8,880 levels could see Bitcoin hit reverse. A fall back through the morning low $8,870.1 would bring the first major support level at $8,800.13 into play. Barring a crypto meltdown, however, Bitcoin should steer clear of the second major support level at $8,708.67. This article was originally posted on FX Empire More From FXEMPIRE: Silver Price Forecast – Silver Market Continues To Kill Time NZD/USD Forex Technical Analysis – Secondary Top Indicates Selling Pressure Strengthening The Weekly Wrap – Trade, the Dollar, China, and the Pound Drew Attention Gold Price Prediction – Prices Rise forming Cup and Handle Pattern Strong U.S. Economic Data Weighs on Aussie, Kiwi & Yen US Stocks: Boosted by Trade Deal, Better Economic Data, Solid Bank Earnings', 'Bitcoin rose by 0.18% on Saturday. Following on from a 1.79% gain on Friday, Bitcoin ended the day at $8,891.6.\nA bullish start to the day saw Bitcoin rise to an early morning intraday high $8,965.0 before hitting reverse.\nFalling short of the first major resistance level at $9,025.53, Bitcoin fell to a mid-morning intraday low $8,791.1.\nSteering clear of the first major support level at $8,699.73, Bitcoin recovered to an afternoon high $8,952.3 before easing back.\nHolding onto $8,800 levels was key late on.\nThe near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, in spite of the recent upward momentum.\nFor the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.\nAcross the rest of the top 10 cryptos, it was a mixed day for the majors.\nBitcoin Cash SV continued to see red on Saturday, sliding by 13.52% to lead the way down.\nBinance Coin (-1.39%), Bitcoin Cash ABC (-8.34%), EOS (-2.32%), Litecoin (-2.61%), and Monero’s XMR (-2.14%) also saw red.\nEthereum (+2.67%), Ripple’s XRP (+2.02%), Stellar’s Lumen (+1.27%), and Tron’s TRX (+1.06%) joined Bitcoin in the green.\nWhile it was a mixed bag on Saturday, it’s been a bullish week for the crypto majors, Monday through Saturday.\nBitcoin Cash SV led the way, rallying by 51.95%, with Stellar’s Lumen and Bitcoin Cash ABC up by 25.13% and by 24.89% respectively.\nWhilst the rest of the majors saw more modest gains, it was double-digit gains across the board.\nThrough the current week, the crypto total market cap rallied from a Monday low $215.38 to a Saturday current week high $248.04bn. At the time of writing, the total market cap stood at $243.85bn.\nBitcoin’s dominance moved back to 66% levels following the mixed day on Saturday. Trading volumes continued to ease back from $177bn levels hit earlier in the week. At the time of writing, 24-hr volumes stood at $125.39bn.\nAt the time of writing, Bitcoin was up by 0.1% to $8,900.1. A mixed start to the day saw Bitcoin fall to an early morning low $8,870.1 before striking a high $8,901.4.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was yet another mixed start to the day for the crypto top 10.\nBinance Coin (-0.05%), Bitcoin Cash SV (-0.59%), EOS (-0.01%), Monero’s XMR (-0.49), Stellar’s Lumen (-0.07%), and Tron’s TRX (-0.34%) saw red early.\nIt was a bullish start for the rest, with Litecoin up by 1.03% to lead the way.\nBitcoin would need to steer clear of sub-$8,880 levels to support a run at the first major resistance level at $8,974.03.\nSupport from the broader market would be needed, however, for Bitcoin to break back through Saturday’s high $8,965.0.\nBarring a broad-based extended crypto rally on the day, the first major resistance and Friday’s high $9,000 would likely continue to cap any upside.\nIn the event of a breakout, the second major resistance level at $9,056.47 would likely come into play.\nFailure to steer clear of sub-$8,880 levels could see Bitcoin hit reverse.\nA fall back through the morning low $8,870.1 would bring the first major support level at $8,800.13 into play.\nBarring a crypto meltdown, however, Bitcoin should steer clear of the second major support level at $8,708.67.\nThisarticlewas originally posted on FX Empire\n• Silver Price Forecast – Silver Market Continues To Kill Time\n• NZD/USD Forex Technical Analysis – Secondary Top Indicates Selling Pressure Strengthening\n• The Weekly Wrap – Trade, the Dollar, China, and the Pound Drew Attention\n• Gold Price Prediction – Prices Rise forming Cup and Handle Pattern\n• Strong U.S. Economic Data Weighs on Aussie, Kiwi & Yen\n• US Stocks: Boosted by Trade Deal, Better Economic Data, Solid Bank Earnings', 'Credits for LTB#423 This episode of Let’s Talk Bitcoin! is sponsored by Brave.com and eToro.com Related: Davos Needs to Wake Up to the Ills of Centralization Original Photo by Ubaidhulla Adam on Unsplash This episode featured Adam B. Levine, Stephanie Murphy and Jonathan Mohan Music for today’s episode was provided by Jared Rubens , and general fuzz , with editing by Jonas Would you like to Sponsor a future episode of the Let’s Talk Bitcoin! show? Do you have any questions or comments? Email [email protected] Related Stories Crypto News Roundup for Jan. 17, 2020 Why ‘Crypto Dad’ Is Building the Digital Dollar Foundation']... **Last 60 Days of Bitcoin's Closing Prices:** [8027.27, 7642.75, 7296.58, 7397.80, 7047.92, 7146.13, 7218.37, 7531.66, 7463.11, 7761.24, 7569.63, 7424.29, 7321.99, 7320.15, 7252.03, 7448.31, 7547.00, 7556.24, 7564.35, 7400.90, 7278.12, 7217.43, 7243.13, 7269.68, 7124.67, 7152.30, 6932.48, 6640.52, 7276.80, 7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-01-19 **Financial & Commodity Data:** - Gold Closing Price: $1558.80 - Crude Oil Closing Price: $58.54 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.53 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin derivatives platform LedgerX announced today that both of its co-founders Paul and Juthica Chou have been placed on administrative leave. Paul Chou was the firm's CEO while Juthica Chou was the president and chief risk officer, per their LinkedIn profiles. They are also husband and wife. As a temporary replacement, Larry E. Thompson will act as interim CEO and lead director of Ledger Holdings. A Wall Street veteran, Thompson was the former vice-chair of the Depository Trust & Clearing Corporation (DTCC). LedgerX offers bitcoin options contracts to both retail and institutional investors. LedgerX made headlines in August after the announcement of a new physically-delivered futures product soured. After announcing the new product, a source told The Block the firm hit a snag with the Commodities Futures Trading Commission. Indeed, the firm never secured the proper licensing to offer futures to retail clientele, the agency later confirmed to The Block. A day after the original announcement, LedgerX pulled back on the announcement, which included the launch of a new retail platform Omni. Previously, LedgerX strictly catered to institutional investors. Sources familiar with Chou's thinking told The Block at the time that he was under the impression that the agency was playing favorites, paving an easier path for its better-connected rivals, such as Bakkt and ErisX. Indeed, the former Goldman Sachs trader threatened to sue the regulator following the botched launch. "Also breaking, i've decided to sue the CFTC for anti competitive behavior, breach of duty, going against the regs, etc.," one tweet noted. Since August, Bakkt has launched its market for physically-delivered futures. On Monday, it launched a cash-settled contract on ICE Singapore as well as an option tied to its bitcoin future.... - 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.
8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['(Bloomberg) -- Cryptocurrency skeptic Peter Schiff said he can’t access his Bitcoin holdings after his digital wallet stopped accepting his password. “I just lost all the Bitcoin I have ever owned,” Schiff, chief global strategist at Alliance Global Partners, said in a series of posts on his unverified Twitter account. “My wallet got corrupted somehow and my password is no longer valid.” In a follow-up post, Schiff said it was “not that great a tragedy” as the Bitcoin were gifted to him. “My plan was to HODL and go down with the ship anyway,” he said, employing a phrase used to describe holding on to the security. “The difference is that my ship sank before Bitcoin.” Many Twitter commentators pointed out that the Bitcoin holdings still exist, even if Schiff cannot currently access them. Schiff is also not the first victim of crypto password issues. Customers lost access to about C$190 million ($145 million) of crypto holdings at digital-asset exchange Quadriga CX last year as access to the firm’s digital wallets was lost with the unexpected death of its CEO. Schiff, a noted gold bug, is frequently critical of Bitcoin. In a November tweet he claimed marijuana was more useful than the digital currency as “you can smoke pot and get high. You can’t do anything with Bitcoin.” Bitcoin, the largest digital currency, is often proclaimed by cryptocurrency proponents as “digital gold” and a superior storage of value to the yellow metal thanks in part to its eye-popping gains of more than 9,000,000% since July 2010. To contact the reporter on this story: Eric Lam in Hong Kong at [email protected] To contact the editors responsible for this story: Christopher Anstey at [email protected], Adam Haigh, Joanna Ossinger For more articles like this, please visit us at bloomberg.com Subscribe now to stay ahead with the most trusted business news source. ©2020 Bloomberg L.P.', '(Bloomberg) -- Cryptocurrency skeptic Peter Schiff said he can’t access his Bitcoin holdings after his digital wallet stopped accepting his password.\n“I just lost all the Bitcoin I have ever owned,” Schiff, chief global strategist at Alliance Global Partners, said in a series of posts on his unverified Twitter account. “My wallet got corrupted somehow and my password is no longer valid.”\nIn a follow-up post, Schiff said it was “not that great a tragedy” as the Bitcoin were gifted to him.\n“My plan was to HODL and go down with the ship anyway,” he said, employing a phrase used to describe holding on to the security. “The difference is that my ship sank before Bitcoin.”\nMany Twitter commentators pointed out that the Bitcoin holdings still exist, even if Schiff cannot currently access them. Schiff is also not the first victim of crypto password issues.\nCustomers lost access to about C$190 million ($145 million) of crypto holdings at digital-asset exchange Quadriga CX last year as access to the firm’s digital wallets was lost with the unexpected death of its CEO.\nSchiff, a noted gold bug, is frequently critical of Bitcoin. In a November tweet he claimed marijuana was more useful than the digital currency as “you can smoke pot and get high. You can’t do anything with Bitcoin.”\nBitcoin, the largest digital currency, is often proclaimed by cryptocurrency proponents as “digital gold” and a superior storage of value to the yellow metal thanks in part to its eye-popping gains of more than 9,000,000% since July 2010.\nTo contact the reporter on this story: Eric Lam in Hong Kong at [email protected]\nTo contact the editors responsible for this story: Christopher Anstey at [email protected], Adam Haigh, Joanna Ossinger\nFor more articles like this, please visit us atbloomberg.com\nSubscribe nowto stay ahead with the most trusted business news source.\n©2020 Bloomberg L.P.', '(Bloomberg) -- Cryptocurrency skeptic Peter Schiff said he can’t access his Bitcoin holdings after his digital wallet stopped accepting his password.\n“I just lost all the Bitcoin I have ever owned,” Schiff, chief global strategist at Alliance Global Partners, said in a series of posts on his unverified Twitter account. “My wallet got corrupted somehow and my password is no longer valid.”\nIn a follow-up post, Schiff said it was “not that great a tragedy” as the Bitcoin were gifted to him.\n“My plan was to HODL and go down with the ship anyway,” he said, employing a phrase used to describe holding on to the security. “The difference is that my ship sank before Bitcoin.”\nMany Twitter commentators pointed out that the Bitcoin holdings still exist, even if Schiff cannot currently access them. Schiff is also not the first victim of crypto password issues.\nCustomers lost access to about C$190 million ($145 million) of crypto holdings at digital-asset exchange Quadriga CX last year as access to the firm’s digital wallets was lost with the unexpected death of its CEO.\nSchiff, a noted gold bug, is frequently critical of Bitcoin. In a November tweet he claimed marijuana was more useful than the digital currency as “you can smoke pot and get high. You can’t do anything with Bitcoin.”\nBitcoin, the largest digital currency, is often proclaimed by cryptocurrency proponents as “digital gold” and a superior storage of value to the yellow metal thanks in part to its eye-popping gains of more than 9,000,000% since July 2010.\nTo contact the reporter on this story: Eric Lam in Hong Kong at [email protected]\nTo contact the editors responsible for this story: Christopher Anstey at [email protected], Adam Haigh, Joanna Ossinger\nFor more articles like this, please visit us atbloomberg.com\nSubscribe nowto stay ahead with the most trusted business news source.\n©2020 Bloomberg L.P.', 'NEW YORK, NY / ACCESSWIRE / January 20, 2020 / At the end of 2019, the Matrixport App was officially launched, and it was the first Dual Currency product that supports BTC investment. Dual Currency Investment is the first-of-its-kind digital asset management product released by Matrixport. The calculation method is determined by the "Linked Price", and it is guaranteed that one of the two digital assets will always generate profit. Recently, Matrixport released Dual Currency-USDⓢ with the annualized yield as high as 100%. As its name implies, it is a Dual Currency investment that supports USD stable currency (USDT/USDC) payment. Compared with Dual Currency-BTC, investors will feel more comfortable with the Dual Currency-USDⓢ, because they don\'t need to bear the fluctuation risk of BTC as the investment currency is USD stable currency. When the investment is at expiry, investors can collect more USDC or get cheaper BTC.( https://shence.matrixtechfin.com:8406/t/y ) According to Matrixport\'s official product parameters: Linked Price: 8,000; Expiry Date: 25-Jan-2020; Yield: 5%; Investment Currency: USDC On 9-Jan-2020, the user bought 10,000 USDC notional of the above product. On 25-Jan-2020, if BTC/USD Settlement Price is above 8,000 USD, The user gets 5% return on USDC, which is 10,000*(1+5%) USDC, which is 10,500 USDC. If BTC/USD Settlement Price is at or above 8,000 USD, the user gets 10,000/8,000*(1+5%) BTC, which is 1.3125 BTC. Basically, the User will definitely get 5% yield on the expiry date - the only uncertainty is whether to receive BTC or USDC, depending on where BTC/USD is on the expiry date. Dual Currency-USDⓢ currently supports two types of USD stable currency payment, USDT or USDC. Please be noted that when an investor uses USDT for investment, it will be valued in equivalent USDC. For example, if the current exchange rate of USDT is 0.99 USDC when the investor pays 1000 USDT to buy Dual Currency - USDⓢ, the actual investment amount will be 990 USDC. The reason for using this calculation method is that the exchange rate of USDC is more stable and secure, and thus USDC could improve the asset security for the investors and platforms. Story continues About Matrixport Founded in February 2019, Matrixport is a financial service company spun off from the world\'s leading ASIC chip (mining computers) producer Bitmain Technologies. With its rich industry resources and leading technology capabilities, it strives to offer its clients innovative products. Thanks to the leader position that Bitmain enjoys in the mining hardware market, Matrixport has a very established clientele since its very beginning. Although being a start-up, Matrixport already has more than 160 employees worldwide with the majority of them working for the technical side and the rest having a strong financial industry background (with past experience at Deutsche Bank, Citi, Merrill Lynch, etc.). It can be said with confidence that the company\'s knowhow on everything crypto, blockchain, and financial products is solid and proven. With all these favorable conditions, the whole Matrixport product development team works hard and intensively on designing new exciting offerings to satisfy a rapidly growing market. CONTACT: Media Relations Matrixport https://www.matrixport.com [email protected] 4000121766 SOURCE: Matrixport View source version on accesswire.com: https://www.accesswire.com/573557/Matrixport-released-Dual-Currency-USD-with-the-Annualized-Yield-as-High-as-100', 'NEW YORK, NY / ACCESSWIRE / January 20, 2020 / At the end of 2019, the Matrixport App was officially launched, and it was the first Dual Currency product that supports BTC investment. Dual Currency Investment is the first-of-its-kind digital asset management product released by Matrixport. The calculation method is determined by the "Linked Price", and it is guaranteed that one of the two digital assets will always generate profit. Recently, Matrixport released Dual Currency-USDⓢ with the annualized yield as high as 100%. As its name implies, it is a Dual Currency investment that supports USD stable currency (USDT/USDC) payment. Compared with Dual Currency-BTC, investors will feel more comfortable with the Dual Currency-USDⓢ, because they don\'t need to bear **Last 60 Days of Bitcoin's Closing Prices:** [7642.75, 7296.58, 7397.80, 7047.92, 7146.13, 7218.37, 7531.66, 7463.11, 7761.24, 7569.63, 7424.29, 7321.99, 7320.15, 7252.03, 7448.31, 7547.00, 7556.24, 7564.35, 7400.90, 7278.12, 7217.43, 7243.13, 7269.68, 7124.67, 7152.30, 6932.48, 6640.52, 7276.80, 7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-01-20 **Financial & Commodity Data:** - Gold Closing Price: $1558.80 - Crude Oil Closing Price: $58.54 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.48 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin could be heading to yearly lows following last month’s death cross and a lack of positive sentiment. Bitcoin endured a distressing exponential moving average death cross on the daily chart on November 23, with several analysts suggesting that a descent to $5,900 is now on the cards. However, there has been a period of relative calm since the death cross, with Bitcoin languishing along the $7,350 level of support following a brief rally to $7,850 earlier this week. The previous two death crosses took place during the 2014 and 2018 bear markets, with Bitcoin proceeding to fall by more than 60% on both occasions. A slump of the same magnitude this time around would take Bitcoin to last December’s bitter lows of $3,150, although analysts like Tone Vays and Peter Schiff have been calling for targets lower than $1,800. In order for Bitcoin to rally back towards new highs, it would need to trigger a technical reversal, which would only happen if it can close a daily candle above the death cross at $8,662. The most likely stopping points for Bitcoin over the coming weeks are the $6,750 and $5,900 levels of support, both of which held for significant amounts of time during the 2018 bear market. Upside targets remain at $7,900 and $8,400, although a news event may be required to drive attention and positive sentiment in the market. For more news, guides, and cryptocurrency analysis, click here . The post Bitcoin death cross to force price below critical support level appeared first on Coin Rivet .... - 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.
8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Interest in the Bitcoin blockchain’s ability to process hugely valuable BTC transfers for negligible transaction fees has been renewed recently after it emerged several multi-million dollar transactions have been processed for less than a dollar. The latest of these transactions, which totals almost $450 million, occurred yesterday for a tiny fee of $0.25. The origin or recipient of the BTC is unknown at this point. Twitter account ‘Bitcoin Block Bot’ alerted Bitcoin users that 51,511 BTC, worth around $445 million, had been moved on the blockchain on January 19. Whale alert! 🐋 Someone moved 51,511 BTC ($445M) in block 613,644 https://t.co/ykVCeXiTBl — Bitcoin Block Bot (@BtcBlockBot) January 20, 2020 Users immediately noted the low transaction fee, comparing it to the huge cost of processing such a transaction through traditional banking providers. The value of the transaction fee is so small in comparison to the amount transferred that, without using scientific notation, it is effectively zero percent. The sender used the SegWit network for the transaction, saving 30% on fees from the normal BTC network. However, Bitcoin block explorer Blockstream pointed out that the fee could have been even smaller. The company estimated that the sender could have saved an extra 16% had they opted to use SegWit-Bech32. Large transactions for tiny fees On January 16, Coin Rivet reported that more than 123,000 BTC was moved in a single transaction by crypto exchange Bitfinex, who sent the colossal $1.1 billion in funds to a cold storage address for just $0.49. A similar transaction was also successfully processed in November 2019, with a whale moving 44,000 BTC , around $300 million at the time, for just $0.32. Unfortunately, fees this low are only available to huge transactions, and the percentage transaction fee to send smaller values of BTC is considerably greater. Story continues Many Bitcoin users are hoping that the Bitcoin Lightning Network will significantly reduce fees associated with smaller or micro Bitcoin transactions and make the network feasible for use as a form of digital cash rather than a store of value. Bitcoin Cash (BCH) founder Roger Ver has frequently criticised the original Bitcoin network’s ability to facilitate low-cost micro transactions, which was the basis of founding BCH as a functional digital currency for everyday payments. Ver has previously threatened to sell all of his Bitcoin holdings if the block size is reduced to 300KB in an attempt to make the network more user friendly, calling the move “ absolute insanity “. You can read more about Bitcoin scaling solutions and transaction fees here . The post $445 million in Bitcoin transferred for just $0.25 appeared first on Coin Rivet .', 'Interest in the Bitcoin blockchain’s ability to process hugely valuable BTC transfers for negligible transaction fees has been renewed recently after it emerged several multi-million dollar transactions have been processed for less than a dollar. The latest of these transactions, which totals almost $450 million, occurred yesterday for a tiny fee of $0.25. The origin or recipient of the BTC is unknown at this point. Twitter account ‘Bitcoin Block Bot’ alerted Bitcoin users that 51,511 BTC, worth around $445 million, had been moved on the blockchain on January 19. Whale alert! 🐋 Someone moved 51,511 BTC ($445M) in block 613,644 https://t.co/ykVCeXiTBl — Bitcoin Block Bot (@BtcBlockBot) January 20, 2020 Users immediately noted the low transaction fee, comparing it to the huge cost of processing such a transaction through traditional banking providers. The value of the transaction fee is so small in comparison to the amount transferred that, without using scientific notation, it is effectively zero percent. The sender used the SegWit network for the transaction, saving 30% on fees from the normal BTC network. However, Bitcoin block explorer Blockstream pointed out that the fee could have been even smaller. The company estimated that the sender could have saved an extra 16% had they opted to use SegWit-Bech32. Large transactions for tiny fees On January 16, Coin Rivet reported that more than 123,000 BTC was moved in a single transaction by crypto exchange Bitfinex, who sent the colossal $1.1 billion in funds to a cold storage address for just $0.49. A similar transaction was also successfully processed in November 2019, with a whale moving 44,000 BTC , around $300 million at the time, for just $0.32. Unfortunately, fees this low are only available to huge transactions, and the percentage transaction fee to send smaller values of BTC is considerably greater. Story continues Many Bitcoin users are hoping that the Bitcoin Lightning Network will significantly reduce fees associated with smaller or micro Bitcoin transactions and make the network feasible for use as a form of digital cash rather than a store of value. Bitcoin Cash (BCH) founder Roger Ver has frequently criticised the original Bitcoin network’s ability to facilitate low-cost micro transactions, which was the basis of founding BCH as a functional digital currency for everyday payments. Ver has previously threatened to sell all of his Bitcoin holdings if the block size is reduced to 300KB in an attempt to make the network more user friendly, calling the move “ absolute insanity “. You can read more about Bitcoin scaling solutions and transaction fees here . The post $445 million in Bitcoin transferred for just $0.25 appeared first on Coin Rivet .', 'Interest in the Bitcoin blockchain’s ability to process hugely valuable BTC transfers for negligible transaction fees has been renewed recently after it emerged several multi-million dollar transactions have been processed for less than a dollar. The latest of these transactions, which totals almost $450 million, occurred yesterday for a tiny fee of $0.25. The origin or recipient of the BTC is unknown at this point. Twitter account ‘Bitcoin Block Bot’ alerted Bitcoin users that 51,511 BTC, worth around $445 million, had been moved on the blockchain on January 19. Whale alert! 🐋 Someone moved 51,511 BTC ($445M) in block 613,644 https://t.co/ykVCeXiTBl — Bitcoin Block Bot (@BtcBlockBot) January 20, 2020 Users immediately noted the low transaction fee, comparing it to the huge cost of processing such a transaction through traditional banking providers. The value of the transaction fee is so small in comparison to the amount transferred that, without using scientific notation, it is effectively zero percent. The sender used the SegWit network for the transaction, saving 30% on fees from the normal BTC network. However, Bitcoin block explorer Blockstream pointed out that the fee could have been even smaller. The company estimated that the sender could have saved an extra 16% had they opted to use SegWit-Bech32. Large transactions for tiny fees On January 16, Coin Rivet reported that more than 123,000 BTC was moved in a single transaction by crypto exchange Bitfinex, who sent the colossal $1.1 billion in funds to a cold storage address for just $0.49. A similar transaction was also successfully processed in November 2019, with a whale moving 44,000 BTC , around $300 million at the time, for just $0.32. Unfortunately, fees this low are only available to huge transactions, and the percentage transaction fee to send smaller values of BTC is considerably greater. Story continues Many Bitcoin users are hoping that the Bitcoin Lightning Network will significantly reduce fees associated with smaller or micro Bitcoin transactions and make the network feasible for use as a form of digital cash rather than a store of value. Bitcoin Cash (BCH) founder Roger Ver has frequently criticised the original Bitcoin network’s ability to facilitate low-cost micro transactions, which was the basis of founding BCH as a functional digital currency for everyday payments. Ver has previously threatened to sell all of his Bitcoin holdings if the block size is reduced to 300KB in an attempt to make the network more user friendly, calling the move “ absolute insanity “. You can read more about Bitcoin scaling solutions and transaction fees here . The post $445 million in Bitcoin transferred for just $0.25 appeared first on Coin Rivet .', "New Zealand-based blockchain data and research firm Brave New Coin (BNC) has launched a new metric for bitcoin.\nDubbed “Twitter Sentiment,” the metric analyzes over 34 million bitcoin-related tweets every week, BNCannouncedMonday. The firm uses Artificial Intelligence (AI) algorithms that search for tweets containing words such as bitcoin, $BTC and BTC, among others.\nBNC said sentiment continues to be a “significant” factor in the price and momentum of digital assets, and hence, it developed the metric. It took 18 months of work to launch bitcoin’s Twitter Sentiment data, said BNC, adding that the data is divided into seven categories - Opinion, Technical, Onchain, Adverts, Bots, Macro and Hack events.\nFor the week ending January 17, the Opinion category led the chart (constituting 30.42%), followed by Technical (technical analysis) and Onchain (mining, hashrate) tweets. All the categories are in green.\nBNC spokesperson Pierre Ansaldi said the firm will roll out sentiment analysis for other cryptocurrencies as well during the first quarter of this year.\nBNC provides various data and indices for the cryptocurrency market. Last year, the firmpartneredwith Nasdaq to add its bitcoin and ether indices to the stock exchange operator's Global Data Service.", "New Zealand-based blockchain data and research firm Brave New Coin (BNC) has launched a new metric for bitcoin. Dubbed \x93Twitter Sentiment,\x94 the metric analyzes over 34 million bitcoin-related tweets every week, BNC announced Monday. The firm uses Artificial Intelligence (AI) algorithms that search for tweets containing words such as bitcoin, $BTC and BTC, among others. BNC said sentiment continues to be a \x93significant\x94 factor in the price and mo **Last 60 Days of Bitcoin's Closing Prices:** [7296.58, 7397.80, 7047.92, 7146.13, 7218.37, 7531.66, 7463.11, 7761.24, 7569.63, 7424.29, 7321.99, 7320.15, 7252.03, 7448.31, 7547.00, 7556.24, 7564.35, 7400.90, 7278.12, 7217.43, 7243.13, 7269.68, 7124.67, 7152.30, 6932.48, 6640.52, 7276.80, 7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-01-21 **Financial & Commodity Data:** - Gold Closing Price: $1556.40 - Crude Oil Closing Price: $58.34 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.49 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: When Reality Shares ETF Trust, a branch of Blockforce Capital, pulled its filing of a proposed exchange-traded fund made up of 15 percent bitcoin and 85 percent global currencies, many observers assumed the company made a mistake. It turns out the U.S. Securities and Exchange Commission previously told the asset management firm that it could file the proposal — only if it pulled it immediately afterward, according to Blockforce’s CEO. The proposal was filed under the Investment Company Act of 1940, which would have resulted in it becoming automatically approved within 75 days. Yet, the firm followed the regulators’ suggestion and pulled the proposal just a day after it was filed. The SEC declined to comment on whether or not it had given the initial proposal a green light. “They said, ‘We liked the idea … but we’re going to ask you to pull it immediately because we don’t want to see it get approved just yet,’” Blockforce CEO Eric Ervin said. “They were really interested and engaged on it. They came back to us and said, ‘If you did it as an interval fund, then you might have a chance.’” Related: SEC Reveals Telegram’s Communications With Investors, Seeks to Question Advisor With an interval fund, investors can only get in and out of the fund once per period (usually weekly, monthly or quarterly), making it less vulnerable to manipulation. The regulator worried a fund that traded throughout the day and had open liquidity would be subject to manipulation. The fund also trades on the net value of the underlying asset, rather than on large premiums of the asset. “If we had more resources at the time, we probably would have done it and tried to get an ETF approved,” Ervin said. “We had a lot going on in the business, and we put it on hold.” For Blockforce, a seasoned ETF issuer that had already launched a blockchain-based ETF, getting the ball rolling on an eventual bitcoin ETF and being the first to release a proposal for something like one was more important than keeping its idea a secret between Blockforce and the SEC, Ervin said. Story continues Blockforce developed the diversified and bitcoin-conservative ETF to put the regulator at ease; even if bitcoin went to zero, investors would only lose 15 percent. According to Ervin, the regulator saw an opportunity to get more public comment on a contentious issue. Related: SEC Chair Clayton: Bitcoin Needs ‘Better Regulation’ Before Major Exchange Listing “It was a known fact that we would need to file if it was going to go on the public record,” Ervin said. “It puts another application for people to comment on. The SEC has been really eager to get comments on a bitcoin ETF or an ETF with bitcoin in it.” Ervin predicts the industry will eventually get a pure bitcoin ETF passed when the SEC’s leadership changes, and envisions current Chairman Jay Clayton stepping down and commissioner Hester “Crypto Mom” Pierce becoming the new head. Bitcoin is a valuable volatile asset for any portfolio, Ervin added. If any portfolio is rebalanced regularly, two volatile and uncorrelated assets that are bought low and sold high can help to dampen overall volatility. “A bitcoin ETF is a perfect example of an non-correlated alternative asset that works well to balance out a portfolio of just stocks and bonds,” Ervin said. Related Stories SEC Chair Clayton: Would-Be Bitcoin ETFs Have ‘Work Left to Be Done’ SEC Settles With ICO Service Over Undisclosed Payments for Reviews... - Reddit Posts (Sample): [['u/IOI---655321', '[GIVING] $1 USD in Bitcoin for the best original meme.', 18, '2020-01-21 00:25', 'https://www.reddit.com/r/FREE/comments/erlph8/giving_1_usd_in_bitcoin_for_the_best_original_meme/', 'Challenge ends at 23:59 UTC on January 21 (just over 24hrs from when this was posted) \n\n-Post direct links in comments (Dropbox, Imgur, Google Drive, Reddit, whatever works best for you)\n\n\nI will send you a PM if you won. You can give me your bitcoin address then. \n\nGood luck!\n\nEDIT: doesn’t have to be original because it has been pointed out to me that this makes it seem like I’m just trying to get cheap memes. I just want to see something that makes me laugh.\n\nCongrats to u/SpiritBomb32 for the winning meme! \n\nHonorable Mentions go to u/lithium91w and u/memereviewer69', 'https://www.reddit.com/r/FREE/comments/erlph8/giving_1_usd_in_bitcoin_for_the_best_original_meme/', 'erlph8', [['u/SpiritBomb32', 10, '2020-01-21 00:50', 'https://www.reddit.com/r/FREE/comments/erlph8/giving_1_usd_in_bitcoin_for_the_best_original_meme/ff4i7vw/', '[https://imgur.com/Jv1r3TP](https://imgur.com/Jv1r3TP)\n\nidk i tried, it was one i made', 'erlph8'], ['u/ARK815', 14, '2020-01-21 06:29', 'https://www.reddit.com/r/FREE/comments/erlph8/giving_1_usd_in_bitcoin_for_the_best_original_meme/ff59t2a/', '$1USD in Bitcoin? Thanks for the giveaway! That $0.38 USD will come in handy. Not sure what someone would spend it on but I suppose people could use the $2.44 USD towards a game on steam or something. Hell they could even get an AAA game for $75.34 USD.\n\nEither way, cheers for the $1.05 USD giveaway!', 'erlph8']]], ['u/freakroach', '[Deals] Deals With Gold and Spotlight sales for this week (Jan 21st - Jan 27th)', 177, '2020-01-21 01:20', 'https://www.reddit.com/r/xboxone/comments/ermfuh/deals_deals_with_gold_and_spotlight_sales_for/', "## Xbox One\n\n\n\n\n| Game | USD | GBP | EUR | AUD | CAD | Type |\n|:---- |:---- |:---- |:---- |:---- |:---- |:---- |\n| [11-11 Memories Retold](https://www.microsoft.com/store/p/1111-Memories-Retold/BZ7FPSGCCMQQ)|$7.49|£4.99|€6.24|AU $7.06|$7.49|Spotlight |\n| [ACE COMBAT™ 7: SKIES UNKNOWN](https://www.microsoft.com/store/p/ACE-COMBAT-7-SKIES-UNKNOWN/BRVM8RNWLXH1)|$29.99|£24.99|€34.99|AU $48.97|$39.99|Spotlight |\n| [ACE COMBAT™ 7: SKIES UNKNOWN Deluxe Edition](https://www.microsoft.com/store/p/ACE-COMBAT-7-SKIES-UNKNOWN-Deluxe-Edition/BW66X01WB2S8)|$42.49|£34.99|€47.49|AU $65.85|$54.99|Spotlight |\n| [Adventure Time: Pirates of the Enchiridion](https://www.microsoft.com/store/p/Adventure-Time-Pirates-of-the-Enchiridion/C3QT3QJ9GZPL)|$9.99|£12.49|€14.99|AU $19.97|$9.99|Spotlight |\n| [Adventures of Bertram Fiddle 2: A Bleaker Predicklement](https://www.microsoft.com/store/p/Adventures-of-Bertram-Fiddle-Episode-2-A-Bleaker-Predicklement/9MZWLWHPT70M)|$4.99|£3.59|€3.99|AU $5.97|$6.39|Spotlight |\n| [Afterparty](https://www.microsoft.com/store/p/Afterparty/9PC5VBPLHWNV)|$14.99|£12.55|€14.99|AU $22.46|$19.49|Spotlight |\n| [Airport Simulator 2019](https://www.microsoft.com/store/p/Airport-Simulator-2019/C303DJS3KL57)|$14.99|£11.99|€14.99|AU $19.97|$14.99|Spotlight |\n| [Albedo: Eyes from Outer Space](https://www.microsoft.com/store/p/Albedo-Eyes-From-Outer-Space/BP7WSGC8Z6M3)|$2.79|£2.23|€2.79|AU $3.72|$2.79|Spotlight |\n| [Arcade Classics Anniversary Collection](https://www.microsoft.com/store/p/Arcade-Classics-Anniversary-Collection/9PL5V82NZNJS)|$9.99|£7.99|€9.99|AU $16.07|$12.99|Spotlight |\n| [ARCADE GAME SERIES 3-in-1 Pack](https://www.microsoft.com/store/p/ARCADE-GAME-SERIES-3in1-Pack/BPPFWJZ0QTV2)|$3.99|£3.19|€3.99|AU $5.32|$4.99|Spotlight |\n| [ARCADE GAME SERIES: DIG DUG](https://www.microsoft.com/store/p/ARCADE-GAME-SERIES-DIG-DUG/BV70995QL0QH)|$1.99|£1.59|€1.99|AU $2.67|$2.49|Spotlight |\n| [ARCADE GAME SERIES: GALAGA](https://www.microsoft.com/store/p/ARCADE-GAME-SERIES-GALAGA/BX2CS20ZVL3L)|$1.99|£1.59|€1.99|AU $2.67|$2.49|Spotlight |\n| [ARCADE GAME SERIES: Ms. Pac-Man](https://www.microsoft.com/store/p/ARCADE-GAME-SERIES-Ms-PACMAN/BX7ZSF0MJTSJ)|$1.99|£1.59|€1.99|AU $2.67|$2.49|Spotlight |\n| [ARCADE GAME SERIES: Pac-Man](https://www.microsoft.com/store/p/ARCADE-GAME-SERIES-PACMAN/BQPZGCHPFPV6)|$1.99|£1.59|€1.99|AU $2.67|$2.49|Spotlight |\n| [Arise: A simple story](https://www.microsoft.com/store/p/Arise-A-simple-story/C2TVKWCGTGR6)|$15.99|£12.59|€15.99|AU $21.56|$20.79|Spotlight |\n| [ASCENDANCE - First Horizon](https://www.microsoft.com/store/p/ASCENDANCE--First-Horizon/9NN6C36B7ZV9)|$3.89|£3.24|€3.89|AU $5.88|$4.99|Spotlight |\n| [Assassin's Creed III Remastered](https://www.microsoft.com/store/p/Assassins-Creed-III-Remastered/BPMJ413V6BB2)|$15.99|£11.99|€15.99|AU $27.98|$19.99|Spotlight |\n| [Assassin's Creed Rogue Remastered](https://www.microsoft.com/store/p/Assassins-Creed-Rogue-Remastered/BWT5L9P3L60X)|$14.99|£12.49|€14.99|AU $24.97|$19.99|Spotlight |\n| [Assassin's Creed The Ezio Collection](https://www.microsoft.com/store/p/Assassins-Creed-The-Ezio-Collection/BQ9S8ZKCT3Q7)|$11.99|£7.99|€9.99|AU $13.99|$14.99|Spotlight |\n| [Assassin's Creed Triple Pack: Black Flag, Unity, Syndicate](https://www.microsoft.com/store/p/Assassins-Creed-Triple-Pack-Black-Flag-Unity-Syndicate/C48ZFTBQ17Q3)|$29.69|£23.09|€26.39|AU $37.76|$29.69|Spotlight |\n| [Assassin's Creed® Odyssey](https://www.microsoft.com/store/p/Assassins-Creed-Odyssey/BW9TWC8L4JCS)|$14.99|£21.99|€27.99|AU $39.98|$19.99|Spotlight |\n| [Assassin's Creed® Odyssey - DELUXE EDITION](https://www.microsoft.com/store/p/Assassins-Creed-Odyssey--DELUXE-EDITION/C3LC9H239V2W)|$19.99|£23.44|€29.74|AU $42.94|$24.99|Spotlight |\n| [Assassin's Creed® Odyssey - GOLD EDITION](https://www.microsoft.com/store/p/Assassins-Creed-Odyssey--GOLD-EDITION/BNF5Q9ZSD84Z)|$24.99|£27.99|€34.99|AU $50.82|$32.49|Spotlight |\n| [Assassin's Creed® Odyssey - ULTIMATE EDITION](https://www.microsoft.com/store/p/Assassins-Creed-Odyssey--ULTIMATE-EDITION/BRQGNR1PZHP4)|$29.99|£32.19|€40.24|AU $58.69|$37.49|Spotlight |\n| [Assassin's Creed® Origins](https://www.microsoft.com/store/p/Assassins-Creed-Origins/BZGJRJC1FGF3)^( **Enhanced** **HDR** **4K** )|$14.99|£13.74|€17.49|AU $24.98|$19.99|Spotlight |\n| [Assassin's Creed® Origins - DELUXE EDITION](https://www.microsoft.com/store/p/Assassins-Creed-Origins--DELUXE-EDITION/BWCF86S64BWW)^( **Enhanced** )|$17.49|£15.74|€19.99|AU $28.80|$22.49|Spotlight |\n| [Assassin's Creed® Origins - GOLD EDITION](https://www.microsoft.com/store/p/Assassins-Creed-Origins--GOLD-EDITION/BX8J66WFQ1VK)^( **Enhanced** )|$24.99|£23.99|€29.99|AU $43.56|$32.49|Spotlight |\n| [Azkend 2: The World Beneath](https://www.microsoft.com/store/p/Azkend-2-The-World-Beneath/BS6ZW396SFQ0)|$3.99|£3.19|€3.99|AU $5.32|$3.99|Spotlight |\n| [Bad North](https://www.microsoft.com/store/p/Bad-North-Jotunn-Edition/BR47R4J78FH8)|$8.99|£7.19|€8.99|AU $11.97|$8.99|Spotlight |\n| [Ben 10 and Crayola Scoot Bundle](https://www.microsoft.com/store/p/Ben-10-and-Crayola-Scoot-Bundle/9PJZC9GTX6LD)|$23.69|£19.79|€23.69|AU $35.67|$30.59|Spotlight |\n| [Beyond Eyes](https://www.microsoft.com/store/p/Beyond-Eyes/BTKVC4KNHZ8T)|$2.99|£1.99|€2.59|AU $3.32|$2.99|Spotlight |\n| [BioShock: The Collection](https://www.microsoft.com/store/p/BioShock-The-Collection/C2HCDG7L1469)|$14.99|£11.24|€12.49|AU $24.98|$19.99|Spotlight |\n| [Black The Fall](https://www.microsoft.com/store/p/Black-The-Fall/C2DQNHGBSXB7)|$5.99|£4.79|€5.99|AU $9.10|$7.99|Spotlight |\n| [Bloodstained: Ritual of the Night](https://www.microsoft.com/store/p/Bloodstained-Ritual-of-the-Night/9P9K78101LCW)|$27.99|£24.49|€27.99|AU $48.96|$37.79|Spotlight |\n| [Bloody Shooters Bundle](https://www.microsoft.com/store/p/Bloody-Shooters-Bundle/9NG4JZ7VWD5T)|$5.09|£4.27|€5.09|AU $7.63|$6.59|Deal With Gold |\n| [Borderlands: The Handsome Collection](https://www.microsoft.com/store/p/Borderlands-The-Handsome-Collection/C4DQHRNN1ZN5)|$19.79|£14.84|€19.79|AU $32.98|$23.09|Spotlight |\n| [Canada Region Pack for Deer Hunter: Reloaded](https://www.microsoft.com/store/p/Canada-Region-Pack/BQ779250020H)|$1.24|£0.99|€1.24|AU $1.66|$1.24|Spotlight |\n| [Capcom Beat 'Em Up Bundle](https://www.microsoft.com/store/p/Capcom-Beat-Em-Up-Bundle/BV26W4BTCLKG)|$9.99|£7.99|€9.99|AU $14.97|$13.49|Spotlight |\n| [Car Mechanic Simulator](https://www.microsoft.com/store/p/Car-Mechanic-Simulator/9MX4DXKMSCZW)|$20.99|£17.49|€20.99|AU $31.46|$27.29|Spotlight |\n| [Cardpocalypse](https://www.microsoft.com/store/p/Cardpocalypse/9NP9N5L5X9Q4)^( **Enhanced** )|$17.49|£14.69|€17.49|AU $26.21|$22.39|Spotlight |\n| [Castlevania Anniversary Collection](https://www.microsoft.com/store/p/Castlevania-Anniversary-Collection/9PHM9KWZC44F)|$9.99|£7.99|€9.99|AU $16.07|$12.99|Spotlight |\n| [Citizens of Space](https://www.microsoft.com/store/p/Citizens-of-Space/9P3TX1C1KRK1)|$7.49|£5.99|€7.49|AU $11.22|$9.99|Spotlight |\n| [Close to the Sun](https://www.microsoft.com/store/p/Close-to-the-Sun/9N67QTH4Z1GP)|$22.49|£18.74|€22.49|AU $33.71|$29.24|Spotlight |\n| [CODE VEIN](https://www.microsoft.com/store/p/CODE-VEIN/C4Q7K19Q0VBZ)|$41.99|£34.99|€48.99|AU $69.96|$55.99|Spotlight |\n| [CODE VEIN Deluxe Edition](https://www.microsoft.com/store/p/CODE-VEIN-Deluxe-Edition/9PF609V03NSX)|$55.99|£45.49|€62.99|AU $90.96|$76.99|Spotlight |\n| [Coffin Dodgers](https://www.microsoft.com/store/p/Coffin-Dodgers/BXF6K0CJZKMW)|$4.19|£3.35|€4.19|AU $6.28|$4.19|Spotlight |\n| [Cold Silence](https://www.microsoft.com/store/p/Cold-Silence/9PG4RWBM5DGM)|$3.99|£3.35|€3.99|AU $5.96|$5.19|Spotlight |\n| [Contra Anniversary Collection](https://www.microsoft.com/store/p/Contra-Anniversary-Collection/9N3XQ7HX9RQ3)|$9.99|£7.99|€9.99|AU $16.07|$12.99|Spotlight |\n| [CONTRA: ROGUE CORPS](https://www.microsoft.com/store/p/CONTRA-ROGUE-CORPS/9MWM1C56H8HB)|$29.99|£29.99|€29.99|AU $43.27|$38.99|Spotlight |\n| [Control](https://www.microsoft.com/store/p/Control/BZ6W9LRPC26W)^( **Enhanced** )|$38.99|£32.49|€38.99|AU $58.46|$50.04|Spotlight |\n| [Crayola Scoot](https://www.microsoft.com/store/p/Crayola... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53
You are an expert financial analyst. Your primary task is to 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 rose by 1.11% on Tuesday. Reversing a 0.70% fall from Monday, Bitcoin ended the day at $8,734.1.\nA relatively range-bound start to the day saw Bitcoin rise to an early morning high $8,683.1 before falling to a mid-morning low $8,605.9.\nAfter having avoided the major support levels early on, Bitcoin slid to a late intraday low $8,500.0.\nThe sell-off saw Bitcoin fall through the first major support level at $8,524.83 before bouncing back to an intraday high $8,787.2.\nBitcoin came up against the first major resistance level at $8,746.33 before easing back.\nThe near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, in spite of the continued upward momentum.\nFor the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.\nAcross the rest of the top 10 cryptos, it was a bullish day for the majors.\nBinance Coin (+4.51%), Bitcoin Cash SV (+4.19%), Cardano’s ADA (+5.21%), and Tron’s TRX (+4.39%) led the way.\nEthereum (+1.52%), Monero’s XMR (+1.84%), Ripple’s XRP (+1.47%) also found strong support.\nBitcoin Cash ABC (+0.73%), EOS (+0.96%), Litecoin (+0.65%), and Stellar’s Lumen (+0.32%) trailed the pack.\nThrough the early part of the week, the crypto total market cap rose from a Monday low $234.19 to an early Wednesday high $241.84bn. At the time of writing, the total market cap stood at $241.84bn.\nBitcoin’s dominance continued to sit at sub-66% levels following Tuesday’s modest gains relative to the pack.\nTrading volumes continued to ease back. On Monday, volumes had hit $122bn levels before falling back to sub-$90bn levels. At the time of writing, 24-hr volumes stood at $88.64bn.\nAt the time of writing, Bitcoin was down by 0.02% to $8,732.7. A range-bound start to the day saw Bitcoin rise to an early morning high $8,744.9 before falling to a low $8,730.5.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a bullish start to the day, with Bitcoin Cash SV up by 1.41% to lead the way.\nRipple’s XRP and Bitcoin Cash ABC weren’t far behind with gains of 0.63% and 0.52% respectively.\nBitcoin would need to break back through Tuesday’s high $8,787.2 to support a run at the first major resistance level at $8,847.53.\nSupport from the broader market would be needed, however, for Bitcoin to break back through to $8,800 levels.\nBarring a broad-based extended crypto rally on the day, the first major resistance and would likely limit any upside.\nIn the event of another breakout, Bitcoin could test the second major resistance level at $8,960.97 before any pullback. We would expect Bitcoin to continue to come up short of $9,000 levels on the day.\nFailure to move back through Tuesday’s high $8,787.2 could see Bitcoin struggle.\nA fall through to sub-$8,670 levels would bring the first major support level at $8,560.33 into play.\nBarring a broad-based crypto sell-off, however, Bitcoin should steer clear of the second major support level at $8,386.57.\nThisarticlewas originally posted on FX Empire\n• Gold Price Forecast – Gold Markets Choppy On Tuesday\n• Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – 22/01/20\n• AUD/USD Price Forecast – Australian Dollar Continues To Find Support\n• European Equities: A Lack of Stats Leaves the Majors in the Hands of the News Wires\n• USD/JPY Price Forecast – US Dollar Finds Buyers On Dips Against Japanese Yen\n• EUR/USD Price Forecast – Euro Rallies After Strong German ZEW', 'Bitcoin rose by 1.11% on Tuesday. Reversing a 0.70% fall from Monday, Bitcoin ended the day at $8,734.1. A relatively range-bound start to the day saw Bitcoin rise to an early morning high $8,683.1 before falling to a mid-morning low $8,605.9. After having avoided the major support levels early on, Bitcoin slid to a late intraday low $8,500.0. The sell-off saw Bitcoin fall through the first major support level at $8,524.83 before bouncing back to an intraday high $8,787.2. Bitcoin came up against the first major resistance level at $8,746.33 before easing back. The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, in spite of the continued upward momentum. For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the top 10 cryptos, it was a bullish day for the majors. Binance Coin (+4.51%), Bitcoin Cash SV (+4.19%), Cardano’s ADA (+5.21%), and Tron’s TRX (+4.39%) led the way. Ethereum (+1.52%), Monero’s XMR (+1.84%), Ripple’s XRP (+1.47%) also found strong support. Bitcoin Cash ABC (+0.73%), EOS (+0.96%), Litecoin (+0.65%), and Stellar’s Lumen (+0.32%) trailed the pack. Through the early part of the week, the crypto total market cap rose from a Monday low $234.19 to an early Wednesday high $241.84bn. At the time of writing, the total market cap stood at $241.84bn. Bitcoin’s dominance continued to sit at sub-66% levels following Tuesday’s modest gains relative to the pack. Trading volumes continued to ease back. On Monday, volumes had hit $122bn levels before falling back to sub-$90bn levels. At the time of writing, 24-hr volumes stood at $88.64bn. This Morning At the time of writing, Bitcoin was down by 0.02% to $8,732.7. A range-bound start to the day saw Bitcoin rise to an early morning high $8,744.9 before falling to a low $8,730.5. Bitcoin left the major support and resistance levels untested early on. Story continues Elsewhere, it was a bullish start to the day, with Bitcoin Cash SV up by 1.41% to lead the way. Ripple’s XRP and Bitcoin Cash ABC weren’t far behind with gains of 0.63% and 0.52% respectively. For the Bitcoin Day Ahead Bitcoin would need to break back through Tuesday’s high $8,787.2 to support a run at the first major resistance level at $8,847.53. Support from the broader market would be needed, however, for Bitcoin to break back through to $8,800 levels. Barring a broad-based extended crypto rally on the day, the first major resistance and would likely limit any upside. In the event of another breakout, Bitcoin could test the second major resistance level at $8,960.97 before any pullback. We would expect Bitcoin to continue to come up short of $9,000 levels on the day. Failure to move back through Tuesday’s high $8,787.2 could see Bitcoin struggle. A fall through to sub-$8,670 levels would bring the first major support level at $8,560.33 into play. Barring a broad-based crypto sell-off, however, Bitcoin should steer clear of the second major support level at $8,386.57. This article was originally posted on FX Empire More From FXEMPIRE: Gold Price Forecast – Gold Markets Choppy On Tuesday Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – 22/01/20 AUD/USD Price Forecast – Australian Dollar Continues To Find Support European Equities: A Lack of Stats Leaves the Majors in the Hands of the News Wires USD/JPY Price Forecast – US Dollar Finds Buyers On Dips Against Japanese Yen EUR/USD Price Forecast – Euro Rallies After Strong German ZEW', "Blockchain payments processor BitPay has added support for XRP, the world’s third-largest cryptocurrency by market capitalization.\nXRP has beenintegratedon BitPay's platform via Ripple’s open developer platform, Xpring. The two companies firstpartneredon the initiative in October. At the time, Sean Rolland, BitPay’s director of product, said that XRP can offer a payment option that is “fast, cost-effective and scalable.”\nNow that the XRP support is live, BitPay’s supported merchants, such as Microsoft and Dish Networks, can accept the cryptocurrency from customers. However, the first two merchants to accept XRP upon launch are - digital gift cards provider eGifter and humanitarian aid organization CareUSA.\nWith XRP's addition, BitPay nowsupportsa total of seven cryptocurrencies and stablecoins on its platform - bitcoin (BTC), ether (ETH), XRP, bitcoin cash (BCH), USD Coin (USDC), Gemini Dollar (GUSD), and Paxos Standard Token (PAX).\nBitPay said the seven digital assets make up almost 80% of the total market capitalization for all cryptocurrencies. Founded in 2011, U.S.-based BitPay processed over $1 billion in crypto payments in both 2017 and 2018.", "Blockchain payments processor BitPay has added support for XRP, the world\x92s third-largest cryptocurrency by market capitalization. XRP has been integrated on BitPay's platform via Ripple\x92s open developer platform, Xpring. The two companies first partnered on the initiative in October. At the time, Sean Rolland, BitPay\x92s director of product, said that XRP can offer a payment option that is \x93fast, cost-effective and scalable.\x94 Now that the XRP support is live, BitPay\x92s supported merchants, such as Microsoft and Dish Networks, can accept the cryptocurrency from customers. However, the first two merchants to accept XRP upon launch are - digital gift cards provider eGifter and humanitarian aid organization CareUSA. With XRP's addition, BitPay now supports a total of seven cryptocurrencies and stablecoins on its platform - bitcoin (BTC), ether (ETH), XRP, bitcoin cash (BCH), USD Coin (USDC), Gemini Dollar (GUSD), and Paxos Standard Token (PAX). BitPay said the seven digital assets make up almost 80% of the total market capitalization for all cryptocurrencies. Founded in 2011, U.S.-based BitPay processed over $1 billion in crypto payments in both 2017 and 2018.", 'Martin Lewis, financial journalist and founder of hugely popular personal finance site MoneySavingExpert.com, has had his likeness used by scammers for fake Bitcoin adverts. Taking to Twitter to express his outrage, Lewis warned followers that his image is being used by Bitcoin scammers in an attempt to defraud vulnerable victims. Lewis shared a screenshot of one of the scam ads, shown above, which appears to show his likeness alongside the headline “Martin Lewis lends a hand to British families with Bitcoin Future”. The scam ad, which takes the form of a legitimate-look **Last 60 Days of Bitcoin's Closing Prices:** [7397.80, 7047.92, 7146.13, 7218.37, 7531.66, 7463.11, 7761.24, 7569.63, 7424.29, 7321.99, 7320.15, 7252.03, 7448.31, 7547.00, 7556.24, 7564.35, 7400.90, 7278.12, 7217.43, 7243.13, 7269.68, 7124.67, 7152.30, 6932.48, 6640.52, 7276.80, 7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-01-22 **Financial & Commodity Data:** - Gold Closing Price: $1555.30 - Crude Oil Closing Price: $56.74 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.52 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Recently, cryptocurrency enthusiasts on Twitter have been debating whether the Bitcoin block reward halving event has already been priced in by miners and investors and the impact of a high hash rate on BTC price. When the halving event finally comes around in May, I see two major possibilities: A) BTC increases in price in order to accommodate miners at the current mining difficulty. B) BTC price stays more or less the same and we see miners capitulating as they become unprofitable. To better understand which scenario is most likely to happen, I believe two key data points need to be taken into consideration – namely the hash rate (and expected hash rate) and the behaviour of hodlers. Bitcoin’s hash rate has once again reached new all-time highs , but how does that relate to the amount of Bitcoins that haven’t moved? Will Bitcoin hodlers keep holding during a bull market? At what percentage levels have miners and hodlers sold the majority of their positions? And does the hash rate predict price swings or the behaviour of hodlers? Hopefully, I’ll be able to answer some of these questions below. Hash rate hits new all-time highs CM estimates have Bitcoin's Difficulty increasing by ~8% in 4 days time to reach a new ATH at ~15,000,000,000,000 This is due to the implied hash rate of Bitcoin maintaining ATH levels since Jan 1 pic.twitter.com/MfLOKTJNiK — CoinMetrics.io (@coinmetrics) January 10, 2020 As Bitcoin’s hash rate increases, mining difficulty also increases. That’s exactly what’s been happening with Bitcoin since the beginning of 2020. As estimated by CoinMetrics, a research firm specialising in the cryptocurrency market, Bitcoin’s mining difficulty has been steadily increasing at a rate of 8% over the last four days. The analysis conducted by CoinMetrics shows that in the next four days, Bitcoin’s mining difficulty will reach a record value of approximately 15,000,000,000,000 TH/s. Just as the hash rate is a good measure for price prediction, the difficulty adjustment is also an important data point. Some believe it has some correlation with cryptocurrency price drops and spikes as miners enter and leave the market. The Bitcoin difficulty target adjusts every two weeks to ensure that blocks are added at regular intervals. Therefore, this data point is closely linked to the profit of the miners. Story continues Consequently, the link extends to miner capitulation and the general market price as well. As such, it seems there is a direct correlation between the difficulty adjustment and Bitcoin rallies. At what point do miners sell? Rien ne va plus #bitcoin 🚀 pic.twitter.com/epwODQ40cm — PlanB (@100trillionUSD) September 10, 2019 One of my favourite crypto analysts and the creator of the Bitcoin stock-to-flow model, PlanB, suggested the price of Bitcoin has a tendency to rally during mining difficulty downturns. The analyst revealed that since the creation of Bitcoin, there have been several cycles of difficulty adjustments, and for each new rally, the trend has been one of a declining magnitude. Therefore, I personally believe that during the next bull run, we could see miners and hodlers selling a great deal of their positions when Bitcoin’s price hits between 1,000% to 5,000% above the difficulty bottom. If you’re wondering about “when”, historically we have two periods of price appreciation and two periods of price downfall. Since 2018 and 2019 have been declining years compared to all-time highs, I believe Bitcoin will pump over 2020 and 2021. At what point do hodlers sell? Bitcoin UTXO age distribution Interestingly, for Bitcoin’s price to skyrocket, hodlers need to sell . The graph above, courtesy of Unchained Capital , shows the unspent transaction output (UTXO) of Bitcoin over time. The data shows that during moments of price appreciation, long-term Bitcoin hodlers have a tendency to sell. However, during periods of price decline, long-term hodlers buy BTC . The red, yellow, and orange bands represent the amount of BTC being exchanged. The green and blue bands show the amount of BTC that hasn’t moved for up to five years or more. As you can see, the blue band has been consistently increasing and now accounts for close to 25% of the total BTC supply. This means a great deal of hodlers have been increasing their stacks. While there was some sell-off pressure (the yellow and orange bands) during 2019, it seems buyers are now back in control. To conclude, what the above data shows is crucial to understand when price will most likely appreciate. In my opinion, only when we start to see the blue and green bands increasing between 10-20% will a proper bull run begin. When will that happen? Probably between the end of 2020 and start of 2021. Until the halving, I expect long-term hodlers to continue to accumulate as miners sell their coins to keep farms profitable. Safe trades. The post How does Bitcoin’s hash rate impact price? appeared first on Coin Rivet . View comments... - Reddit Posts (Sample): [['u/Spencerforhire83', 'Russian Government Bank Deposited $500 Million into Deutsche Bank Subsidiary as it Lent to Trump (out of the 2.5 Billion Overall Lent to Trump)', 2985, '2020-01-22 01:25', 'https://www.reddit.com/r/Keep_Track/comments/es3uku/russian_government_bank_deposited_500_million/', '**This needs to be corroborated** But so far it seems the data that was leaked out is right on the money. \n\n**[HERE](https://pbs.twimg.com/media/EO1uonqX0AEjzEB.jpg)** is a quick visualization of the various Deutsche Bank Entities. \n\nA Russian government-controlled bank deposited at least half a billion dollars into the American subsidiary of Deutsche Bank around the time that the bank lent Trump his most scrutinized loans, according to exclusively obtained confidential bank records. As Trump received loans from the subsidiary, DBTCA, totaling over $360 million, Gazprombank sent $511 million in cash to DBTCA to be dispersed however it directed.\n\nIn a statement, Deutsche Bank said that DBTCA’s relationship with Gazprombank was one in which the Russian state bank moved significant amounts of money into DBTCA as part of a “cash management” arrangement: “At no point has DBTCA ever received loans or a capital injection from Gazprombank or any other Russian bank,” a spokesman for Deutsche Bank said.\n\nDBTCA loaned Donald Trump a significant portion of the $2.5 billion total lent to him by Deutsche Bank. The breach report provided by Broeksmit is a inside look into DBTCA’s complete financials around the time DBTCA issued several of its largest loans to Trump. In 2012, DBTCA approved a $125 million loan to purchase the Trump Doral Resort in Florida. Also in 2012, Trump took out an additional loan on his Chicago property, and in 2015, yet another DBTCA loan, this one worth $170 million, allowed Trump to purchase a 60-year lease to the Old Post Office Building in Washington, D.C.\n\n\nThe Site that originally came out with this is currently under cyber attack, so Here is a Link on the **[WAYBACK MACHINE](https://web.archive.org/web/20200121223508/https://forensicnews.net/2020/01/21/russian-government-bank-deposited-500-million-into-deutsche-bank-subsidiary-as-it-lent-to-trump/)**\n\nFor a More in-depth look I suggest taking a look at the **[MOSCOW PROJECT](https://themoscowproject.org/collusion-chapter/chapter-1/)** to gain a better idea of what Trump owes Russia.\n\n\n[Jess Coleman breaks it down](https://mobile.twitter.com/jesskcoleman/status/1219776405267009541)\n\n1. According to documents exclusively obtained by \n@forensicnewsnet\n, a Deutsche Bank subsidiary, DBTCA, owed $500M+ to Gazprombank, one of the largest banks in Russia, as of October 2013.\n\n2. Around that same time, DBTCA made some of its most highly scrutinized loans to Donald Trump. These include:\n\n - a $25M loan to develop Trump Doral Resort in 2012\n - a loan to develop a Chicago property in 2012\n - a $170M loan to to lease to the Old Post Office building in 2015\n\n3. The $500M owed to Gazprombank is DBTCA\'s greatest single liability to a foreign-owed entity. Overall, DBTCA owed more to Russian-controlled entities than the next three countries combined.\n\n4. This is not DBTCA\'s only brush-up with Russian entities. As the \nWall Street journal reported, DBTCA made a large loan to VTB that it tried to shed in 2016.\n\n5. In addition, forensic news recently reported that a whistleblower told the FBI in 2019 that VTB underwrote loans made by DBTCA.\n\n\n6. According to Deutsche Bank, the major liabilities to Gazprombank are part of a "cash management" relationship, whereby individuals and entities use DBTCA to convert rubles into US dollars. The money is then directed pursuant to Gazprombank\'s wishes.\n\n\n7. Deutsche Bank has had its issues with financial crimes. In 2017, the bank was fined over $600M by the New York Fed for failing to prevent a Russian money laundering scheme.\n\n8. That scheme involved a process called "mirror trading," whereby Russian entities used DBTCA to secretly convert cash into U.S. currency. A more detailed explanation is **[here](https://www.youtube.com/watch?v=S0j_zd6RzuQ&app=desktop)**:\n\n9. Donald Trump continues to fight a subpoena from the House of Representatives to obtain his financial records from Deutsche Bank. The Supreme Court is expected to rule on that subpoena this summer. \n@robertjdenault and I broke down that case here:\n\n10. When Robert Mueller was reportedly seeking Trump\'s financial records at Deutsche Bank, Trump "exploded," shouting, "This is bulls---!" We still don\'t know why.\n\n11. When forensic news first reported on Deutsche Bank\'s ties to Russia, our site was hit with a sophisticated cyber attack and our PayPal account was blocked. We are now facing a similar attack today.\n\n12. While Trump\'s relationship with Deutsche Bank (and DB\'s relationship with Russia) remains murky, one thing is clear: Trump\'s financial well-being is intimately tied to Russia. That, at the very least, is a major counter-intelligence issue. Congress cannot stop investigating.', 'https://www.reddit.com/r/Keep_Track/comments/es3uku/russian_government_bank_deposited_500_million/', 'es3uku', [['u/NeverLookBothWays', 211, '2020-01-22 01:59', 'https://www.reddit.com/r/Keep_Track/comments/es3uku/russian_government_bank_deposited_500_million/ff7ow0r/', ">The Site that originally came out with this is currently under cyber attack\n\nGreat way to weed out what's really bothering em.", 'es3uku'], ['u/ScientistSeven', 34, '2020-01-22 02:07', 'https://www.reddit.com/r/Keep_Track/comments/es3uku/russian_government_bank_deposited_500_million/ff7pkq0/', "I mean, there's not been much in Trump's way", 'es3uku'], ['u/splingles', 74, '2020-01-22 02:55', 'https://www.reddit.com/r/Keep_Track/comments/es3uku/russian_government_bank_deposited_500_million/ff7toxv/', 'I hate to ask, but... ELI5?', 'es3uku'], ['u/JustAGuyInTampa', 177, '2020-01-22 03:04', 'https://www.reddit.com/r/Keep_Track/comments/es3uku/russian_government_bank_deposited_500_million/ff7ujj7/', 'I’m no expert, but appears Russia money financed the loan that Trump received from Deutsche Bank. This has been a theory that has been floated around online for years but not enough of a smoking gun had been found. \n\nKinda funny how it backs up the whole “Trump is a Russian asset” thing.\n\nWonder how long until the pee tapes come out. My guess is those will leak at a time to cause the most collateral damage to the US govt or the country as whole.', 'es3uku'], ['u/rusticgorilla', 19, '2020-01-22 03:06', 'https://www.reddit.com/r/Keep_Track/comments/es3uku/russian_government_bank_deposited_500_million/ff7up5h/', 'Jess did a really good thread breaking it down. https://twitter.com/jesskcoleman/status/1219776375747465219?s=19', 'es3uku'], ['u/splingles', 22, '2020-01-22 03:07', 'https://www.reddit.com/r/Keep_Track/comments/es3uku/russian_government_bank_deposited_500_million/ff7uqhn/', 'Leak? I see what you did there...\n\nBut honestly, thank you. I appreciate both the info and context.', 'es3uku'], ['u/nagemada', 11, '2020-01-22 03:24', 'https://www.reddit.com/r/Keep_Track/comments/es3uku/russian_government_bank_deposited_500_million/ff7wa7m/', 'Could this be the Rosneft sale brokerage fee that Carter Page set up for Trump in exchange for lifting Russian sactions?', 'es3uku'], ['u/KaosEngine', 36, '2020-01-22 03:32', 'https://www.reddit.com/r/Keep_Track/comments/es3uku/russian_government_bank_deposited_500_million/ff7wy7m/', 'Well that would certainly explain him prostrating himself before putin at every opportunity.', 'es3uku'], ['u/TistedLogic', 12, '2020-01-22 03:33', 'https://www.reddit.com/r/Keep_Track/comments/es3uku/russian_government_bank_deposited_500_million/ff7x1ik/', 'This is exactly how a flow chart is used.', 'es3uku'], ['u/Emma1198', 32, '2020-01-22 03:54', 'https://www.reddit.com/r/Keep_Track/comments/es3uku/russian_government_bank_deposited_500_million/ff7yvki/', "Oh good lord. \n\n I can't believe how disgusted I am with my President. What has this all been? An ego trip? A joke? Trying to prove how stupid our politics are? Well you have proved it. Good for you! The Electoral College should be abolished. Popular vote should be it. And that vote should be taken on machines sanctioned by the government.\n\nI've actually wondered if Trump was a secret Russian plant. \n\nNow I think he is just an average rich white man. A Grifter. He is a grifter.\n\nHe spoke to the anxieties of poor white communities and also to the Middle Class who thought he could help them. He didn't. No one can. Coal mines aren't coming back.", 'es3uku'], ['u/TistedLogic', 12, '2020-01-22 03:58', 'https://www.reddit.com/r/Keep_Track/comments/es3uku/russian_government_bank_deposited_500_million/ff7z9mj/', "Thanks for being condescending but you just linked a page that explains the symbols that are commonly used. \n\nYou're complaint wasn't about that, it was about how you read a flowchart.\n\nThey used the flowchart correctly.", 'es3uku'], ['u/kidkkeith', 16, '2020-01-22 04:03', 'https://www.reddit.com/r/Keep_Track/comments/es3uku/russian_government_bank_deposited_500_million/ff7zn47/', "Trump will claim deep fake. They've been setting it up for years.", 'es3uku'], ['u/Emma1198', 26, '2020-01-22 04:06', 'https://www.reddit.com/r/Keep_Track/comments/es3uku/russian_government_bank_deposited_500_million/ff7zygo/', "I'm afraid to comment. I don't want secret service on my doorstep, but I think this has to be the end of Trump.\n\nAttempts to remove sanctions...favorable treatment to everything Putin wants.. Ridiculous meetings and private meetings. God, could YOU even be more obvious!", 'es3uku'], ['u/kidkkeith', 28, '2020-01-22 04:20', 'https://www.reddit.com/r/Keep_Track/comments/es3uku/russian_government_bank_deposited_500_million/ff81355/', 'Trump is a Russian asset. So in a decade or so when Russia is the world power and you think back about all the people who trie... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88
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:** ["Swiss fintech companyAmun AGlaunched a new exchange-traded product (ETP) on Switzerland's Zurich-based SIX Exchange.\nThis latest launch is the21Shares Short Bitcoin ETP(SBTC tracker) that claims to track the opposite performance of bitcoin (BTC) and is another way to gain exposure in both directions of the bitcoin price movements.\nBitcoin Trading Remains Directionless\nBitcoin has continued to lose altitude trading at around $8,589 at the time of publication.\nIn December 2017, the volatile cryptocurrency peaked to $20,000 and has been unable to hit this high again ever since. Despite bitcoin prices remaining bearish and at a low point, a number of fintech firms are continuing to launch products.\nFinancial Market Supervisory Authority (FINMA), which is the Swiss government body undertaking financial regulations of the country, has been proactive when it comes to approving crypto products.FINMAhas distributed banking and securities dealer licenses to “crypto banks” - SEBA and Sygnum were cleared to operate in the tokenized digital securities sector. The official body issued rules on how to apply anti-money laundering regulations to the banks.\nWhat Is An ETP?\nETP is a type of security whose value comes from other investment vehicles—such as currencies, commodities, or in this case bitcoin—to which it is benchmarked. Its pricing is derived from the assets it holds and trades intra-day.\nAmun already manages several crypto ETPs, which are also listed on the SIX exchange. The firm has 11 Crypto ETPs: theAmun Crypto Basket Index ETP(HODL:SW),Amun Bitcoin(ABTC:SW),Amun Ethereum(AETH:SW),Amun XRP(AXRP:SW),AMUN Bitcoin Cash ETP(ABCH:SW),Amun Binance ETP(ABNB:SW),Amun Tezos ETP(AXTZ:SW),Amun Bitcoin Suisse ETP(ABBA:SW),Amun Bitwise 10 ETP(KEYS:SW) and Amun Sygnum Platform Winners Index ETP(MOON:SW).\nThe 11 ETPs are listed in U.S. dollars, two in Swiss Francs, and three in Euros on the SIX Swiss exchange. Six of them are also traded in Swiss Francs on BX Swiss exchange.\nAmun's managing director Laurent Kssis told Benzinga, “in contrast to shorting, which is usually associated with high lending costs or margin calls, the inverse ETP is reset at the end of each day, and the performance is not rolled over to the next day. It is ideally suited to capture short term price movements of Bitcoin for a short recommended period. With the SBTC tracker, investors can immediately and securely capitalize on falling adverse price movements of the largest and most liquid digital asset.”\n“We have worked hard to be in a position to launch the first inverse Bitcoin ETP on a regulated trading venue here in Switzerland,” said Amun CEO Hany Rashwan.\nOn Tuesday, Grayscale Investments, a subsidiary of the Digital Currency Group, announced that its Grayscale Bitcoin Trust had become a reporting company with the United States Securities and Exchange Commission.\nRelated Links\nAmun ETP: Another Bullish Indicator For Bitcoin ETF Approval\nGrayscale Becomes First Bitcoin Investment Vehicle To Become SEC Reporting Company\n0\nSee more from Benzinga\n• Saudi Embassy Denies Hacking Bezos Phone, UN Experts Call For Investigation\n• Johnson & Johnson Reports Mixed Q4 Earnings\n• United Continental Reports Q4 Earnings Beat\n© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.", "Swiss fintech companyAmun AGlaunched a new exchange-traded product (ETP) on Switzerland's Zurich-based SIX Exchange.\nThis latest launch is the21Shares Short Bitcoin ETP(SBTC tracker) that claims to track the opposite performance of bitcoin (BTC) and is another way to gain exposure in both directions of the bitcoin price movements.\nBitcoin Trading Remains Directionless\nBitcoin has continued to lose altitude trading at around $8,589 at the time of publication.\nIn December 2017, the volatile cryptocurrency peaked to $20,000 and has been unable to hit this high again ever since. Despite bitcoin prices remaining bearish and at a low point, a number of fintech firms are continuing to launch products.\nFinancial Market Supervisory Authority (FINMA), which is the Swiss government body undertaking financial regulations of the country, has been proactive when it comes to approving crypto products.FINMAhas distributed banking and securities dealer licenses to “crypto banks” - SEBA and Sygnum were cleared to operate in the tokenized digital securities sector. The official body issued rules on how to apply anti-money laundering regulations to the banks.\nWhat Is An ETP?\nETP is a type of security whose value comes from other investment vehicles—such as currencies, commodities, or in this case bitcoin—to which it is benchmarked. Its pricing is derived from the assets it holds and trades intra-day.\nAmun already manages several crypto ETPs, which are also listed on the SIX exchange. The firm has 11 Crypto ETPs: theAmun Crypto Basket Index ETP(HODL:SW),Amun Bitcoin(ABTC:SW),Amun Ethereum(AETH:SW),Amun XRP(AXRP:SW),AMUN Bitcoin Cash ETP(ABCH:SW),Amun Binance ETP(ABNB:SW),Amun Tezos ETP(AXTZ:SW),Amun Bitcoin Suisse ETP(ABBA:SW),Amun Bitwise 10 ETP(KEYS:SW) and Amun Sygnum Platform Winners Index ETP(MOON:SW).\nThe 11 ETPs are listed in U.S. dollars, two in Swiss Francs, and three in Euros on the SIX Swiss exchange. Six of them are also traded in Swiss Francs on BX Swiss exchange.\nAmun's managing director Laurent Kssis told Benzinga, “in contrast to shorting, which is usually associated with high lending costs or margin calls, the inverse ETP is reset at the end of each day, and the performance is not rolled over to the next day. It is ideally suited to capture short term price movements of Bitcoin for a short recommended period. With the SBTC tracker, investors can immediately and securely capitalize on falling adverse price movements of the largest and most liquid digital asset.”\n“We have worked hard to be in a position to launch the first inverse Bitcoin ETP on a regulated trading venue here in Switzerland,” said Amun CEO Hany Rashwan.\nOn Tuesday, Grayscale Investments, a subsidiary of the Digital Currency Group, announced that its Grayscale Bitcoin Trust had become a reporting company with the United States Securities and Exchange Commission.\nRelated Links\nAmun ETP: Another Bullish Indicator For Bitcoin ETF Approval\nGrayscale Becomes First Bitcoin Investment Vehicle To Become SEC Reporting Company\n0\nSee more from Benzinga\n• Saudi Embassy Denies Hacking Bezos Phone, UN Experts Call For Investigation\n• Johnson & Johnson Reports Mixed Q4 Earnings\n• United Continental Reports Q4 Earnings Beat\n© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.", "Swiss fintech company Amun AG launched a new exchange-traded product (ETP) on Switzerland's Zurich-based SIX Exchange. This latest launch is the 21Shares Short Bitcoin ETP (SBTC tracker) that claims to track the opposite performance of bitcoin (BTC) and is another way to gain exposure in both directions of the bitcoin price movements. Bitcoin Trading Remains Directionless Bitcoin has continued to lose altitude trading at around $8,589 at the time of publication. In December 2017, the volatile cryptocurrency peaked to $20,000 and has been unable to hit this high again ever since. Despite bitcoin prices remaining bearish and at a low point, a number of fintech firms are continuing to launch products. Financial Market Supervisory Authority (FINMA), which is the Swiss government body undertaking financial regulations of the country, has been proactive when it comes to approving crypto products. FINMA has distributed banking and securities dealer licenses to “crypto banks” - SEBA and Sygnum were cleared to operate in the tokenized digital securities sector. The official body issued rules on how to apply anti-money laundering regulations to the banks. What Is An ETP? ETP is a type of security whose value comes from other investment vehicles—such as currencies, commodities, or in this case bitcoin—to which it is benchmarked. Its pricing is derived from the assets it holds and trades intra-day. Amun already manages several crypto ETPs, which are also listed on the SIX exchange. The firm has 11 Crypto ETPs: the Amun Crypto Basket Index ETP (HODL:SW), Amun Bitcoin (ABTC:SW), Amun Ethereum (AETH:SW), Amun XRP (AXRP:SW), AMUN Bitcoin Cash ETP (ABCH:SW), Amun Binance ETP (ABNB:SW), Amun Tezos ETP (AXTZ:SW), Amun Bitcoin Suisse ETP (ABBA:SW), Amun Bitwise 10 ETP (KEYS:SW) and A mun Sygnum Platform Winners Index ETP (MOON:SW). The 11 ETPs are listed in U.S. dollars, two in Swiss Francs, and three in Euros on the SIX Swiss exchange. Six of them are also traded in Swiss Francs on BX Swiss exchange. Story continues Amun's managing director Laurent Kssis told Benzinga, “in contrast to shorting, which is usually associated with high lending costs or margin calls, the inverse ETP is reset at the end of each day, and the performance is not rolled over to the next day. It is ideally suited to capture short term price movements of Bitcoin for a short recommended period. With the SBTC tracker, investors can immediately and securely capitalize on falling adverse price movements of the largest and most liquid digital asset.” “We have worked hard to be in a position to launch the first inverse Bitcoin ETP on a regulated trading venue here in Switzerland,” said Amun CEO Hany Rashwan. On Tuesday, Grayscale Investments, a subsidiary of the Digital Currency Group, announced that its Grayscale Bitcoin Trust had become a reporting company with the United States Securities and Exchange Commission. Related Links Amun ETP: Another Bullish Indicator For Bitcoin ETF Approval Grayscale Becomes First Bitcoin Investment Vehicle To Become SEC Reporting Company 0 See more from Benzinga Saudi Embassy Denies Hacking Bezos Phone, UN Experts Call For Investigation Johnson & Johnson Reports Mixed Q4 Earnings United Continental Reports Q4 Earnings Beat © 2020 Benzinga.com. Benzinga does not provide investment a **Last 60 Days of Bitcoin's Closing Prices:** [7047.92, 7146.13, 7218.37, 7531.66, 7463.11, 7761.24, 7569.63, 7424.29, 7321.99, 7320.15, 7252.03, 7448.31, 7547.00, 7556.24, 7564.35, 7400.90, 7278.12, 7217.43, 7243.13, 7269.68, 7124.67, 7152.30, 6932.48, 6640.52, 7276.80, 7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-01-23 **Financial & Commodity Data:** - Gold Closing Price: $1564.60 - Crude Oil Closing Price: $55.59 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.49 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: 2019 is well and truly in the books, and the "Crypto Predictions for 2020" editorials have long since flooded email inboxes, blogs and forums. Don’t worry, this isn’t one of those. Instead, we want to cast our gaze back over the preceding 12 months and recap several fascinating events and trends that occurred. Whether you missed them the first time around or need reminding about their newsworthiness, you’ll want to read on. 1) The Crypto Credit Bubble Back in October, a group of former Wall Street traders cast a pall on the success of crypto lending companies by predicting that the $5 billion crypto loan bubble wasset to burst. Concerns centered around a lack of regulation, cheap credit and blind faith in the market’s strength. The growth of decentralized finance (DeFi), with its emphasis on open-source projects and accessible finance for all, undoubtedly ties in to this fear, not least since DeFi hasgrown by over 300%in the past year. But while greed was largely responsible for the financial crash of 2008 (as well as the ICO slowdown), there are greed-free initiatives flourishing in this space.Credis just one example. The decentralized global lending platform, which is affiliated with the Universal Protocol Alliance and headed by ex-PayPal Holdings Inc(NASDAQ:PYPL) exec Dan Schatt, prides itself on its comprehensive regulatory and compliance framework. Last summer, Cred partnered withBitcoin.comto give customers the opportunity to earn interest on their digital assets. 2) Libra In Limbo Facebook Inc’s (NASDAQ:FB) much touted Libra stablecoin was formally announced in June, but was soon enveloped in a tsunami of regulatory red tape, leading to aCongressional moratoriumand a mass exodus of companies from the Libra Association – not least PayPal,Visa Inc(NYSE:V),eBay Inc(NASDAQ:EBAY) and Stripe. What happens next is anyone’s guess. In the meantime, alternatives have come to light. The aforementioned UPA’sUniversal Dollarand Saga’s SGA token, which launched in December, are among them. The latter is a stablecoin initially backed by a basket of national currencies (mimicking the IMF’s SDR basket), and given that Saga’s advisory board includes luminaries like Professor Jacob A. Frenkel, PhD, chairman of JPMorgan Chase International, it’s definitely one to watch. 3) One-Year Anniversary For RSK Infrastructure Solutions (RIF) December marked the one-year anniversary of RSK Infrastructure Framework Open Standard (RIF OS), based on the first open-source smart contract network secured by the Bitcoin network. This stack of decentralized finance components enables developers to import, create and deploy their EVM based dApps, and pulled off a major coup in 2019 by acquiring leading Hispanic social network Taringa. RSK’s SmartBitcoin is pegged 1:1 with BTC, and there’s also a BTC-collateralized stablecoin under the company banner, with libraries, a decentralized exchange, lending protocols and insurance rounding out the stack. With the permissionless of open finance and the security of Bitcoin’s proof-of-work, RSK is building a robust defi ecosystem with a myriad of real world applications. 4) Tron Joins Forces With Samsung Tron solidified its status as a top-15 crypto asset – as well as one of the most liquid by volume on many global exchanges – in the past 12 months. It also struck a landmark deal with Samsung, with the tech giant integrating Tron’s TRX cryptocurrency with its Blockchain Keystore. What’s more, the link-up allows users of newer Samsung handsets to use TRX to purchase decentralized applications built on the Tron network. With blockchain-based content sharing platform DLive having commenced migration to the TRON blockchain at the tailend of 2019, the next 12 months are shaping up to be interesting for Justin Sun’s company. Are you really surprised? 5) Crypto Platform Sponsors Premier League Team Newcastle United’s decision to partner with crypto trading platform StormGain, which saw the company logo appearing on the sleeves of all 2019/20 shirts, reflected a recent trend: the season before, Wolves had sealed the first ever sports sponsorship deal involving a crypto platform, namely CoinDeal. In any case, partnering with the Magpies was quite a coup for StormGain, who only launched last summer. The margin trading platform lets crypto newcomers buy or trade the most popular and capitalized coins, with up to 150x leverage and trades denominated in tether (USDT). Perhaps other major sports outfits will grab a piece of the Premier League glitz before the 2020/21 season gets underway. 6) Litecoin Halves With the crypto world gearing up for Bitcoin’s halving in May 2020, Litecoin’s quadrennial halving in August attracted a great deal of interest. The second halving event in Litecoin’s history followed an anticipatory rally, wherein LTC hit a June high $146 before backsliding to sub-$40 levels. Despite the fire sale, LTC ended the year with a 38% gain. 7) Interoperability Everywhere Interoperability’ was one of the buzzwords of 2019, as the developers of crypto protocols sought to find ways to make other crypto protocols talk to them. Cross-chain swaps, sidechains, atomic swaps and all manner of other blockchain voodoo was deployed in a bid to de-silo crypto networks and usher in a new era of connectivity. Some of the finest work was undertaken by EOS scaling solution LiquidApps, which has done more to unite blockchains than perhaps anyone operating in the space. In 2019, its DAPP Network eased the strain on the EOS main chain and drove down resource costs for dApp developers. In the process, it showed that there’s more than one way to scale a blockchain. 8) Esports Goes Crypto The esports and crypto audiences are closely aligned and it was only a matter of time until their houses were united. The $1 billion esports market is showing no signs of slowing down, and projects like Kronoverse are betting on it. The blockchain company is placing esports games on-chain, so that players and fans have an auditable record of all results, coupled with the ability to trade in-game items using NFTs. Provably fair casino gaming, delivered with the aid of blockchain, has already begun to gain traction on the web. If Kronoverse has its way, provably fair esports will soon follow suit. The world of Bitcoin is never dull, and 2020 is sure to reinforce that truism. With bitcoin derivatives volumes growing, the DeFi market expanding, and crypto-friendly banks proliferating, buckle up for another thrilling year in the cryptosphere. Image by Gerd Altmann from Pixabay 0 See more from Benzinga • Proven Canadian Dividend Stocks Worth Investing In • Global Stablecoin Saga Launches On Liquid Exchange • Why Susquehanna Growth Equity Is Going M Deep Into Duda's Site Building Technology © 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.... - Reddit Posts (Sample): [['u/readcash', 'BTC fees endgame: $40+', 23, '2020-01-23 00:33', 'https://www.reddit.com/r/btc/comments/eska86/btc_fees_endgame_40/', 'Something occured to me today. \n\nBTC\'s idea is that eventually after many halvings the fees must replace block rewards.\n\n1) We know that BTC\'s transaction cap is somewhere [around 400 000 transactions per day](https://bitinfocharts.com/comparison/transactions-btc-sma3.html)\n\n2) We know that the current level of security provided by the miners is paid for by around US$17m daily (see "[Reward last 24h](https://bitinfocharts.com/)")\n\n3) $17m / 400 000 = $42 -- that\'s the fee that on average **each** transaction **must** pay to have the current level of security that Bitcoin (BTC) has when block rewards go to zero\n\n**EDIT** if we calculate using the most effective bytes BTC has ever done - the lower bound is $11 per transaction (see "Update" [here](https://old.reddit.com/r/btc/comments/eska86/btc_fees_endgame_40/ffbpd1b/), also batching doesn\'t help - it\'s still about $11 per each thing you want to do in a batch, not for the batch itself)\n\n4) If we zoom in to December 2017 for median transaction value, we\'ll see that it [was about $1000-5000](https://bitinfocharts.com/comparison/mediantransactionvalue-btc.html) - that\'s the typical amount people moved when typical fees were at $15-30\n\n5) There are only 2.5 million BTC addresses that have $1000+ ([bitinfocharts, see "Addresses richer than\n1/100/1,000/10,000 USD"](https://bitinfocharts.com/)) ($1000 being the lower bound of median transaction value in December 2017, when fees were in fact [around $15-30](https://bitinfocharts.com/comparison/bitcoin-median_transaction_fee.html))\n\n6) 2 million people at 400 000 transactions per day means each one only allowed to make 1 transaction per 5 days.\n\nSo, here the endgame for BTC:\n\nBitcoin (BTC) is a network with capacity for about 2 million people (approx. the population of Hawaii), each waiting at least 5 days to make one single transaction of about $1000 in value with a commission of at least $40 (which is more expensive and slower that a typical international bank transfer). \n\nThat\'s also the uncomfortable truth for the Lightning Network: at BTC\'s endgame, opening a channel would cost $40 and closing a channel would cost $40 more.', 'https://www.reddit.com/r/btc/comments/eska86/btc_fees_endgame_40/', 'eska86', [['u/PanneKopp', 10, '2020-01-23 00:58', 'https://www.reddit.com/r/btc/comments/eska86/btc_fees_endgame_40/ffaju2n/', ' when all 21 million "Bitcoins" are in circulation, we have a billion users and much bigger blocks and still miners are living from very low fees - that´s the way Satoshi told us', 'eska86'], ['u/Big_Bubbler', 11, '2020-01-23 01:10', 'https://www.reddit.com/r/btc/comments/eska86/btc_fees_endgame_40/ffakrui/', 'Not on BTC, but, ya.', 'eska86']]], ['u/TheFireKnight', "Nothing has changed - what's all the fuss about?", 40, '2020-01-23 02:25', 'https://www.reddit.com/r/btc/comments/eslrie/nothing_has_changed_whats_all_the_fuss_about/', 'To those BCH holders who see a problem with this development fund - what is so concerning about this that wasn\'t already true of Bitcoin Cash, the consensus mechanisms it has, and the power of miners? Others have said this before, but if you don\'t like what 51% hash power is doing, it\'s an attack. If you do, it\'s an upgrade. 51% of hash power has always been able to do things like this. This is not new. 51% of the mining power could always censor any transaction. But they won\'t, because game theory and their economic incentives directs them not to do this. It\'s the same thing here. \n\nThis is basically just a more free market and anarchic way of funding development than what DASH has, where it\'s built into the rewards system. It\'s essentially miners donating their rewards to make the ecosystem and coin better, except doing it in a game theoretic fair way that makes sure everyone contributes. And if people in these mining pools don\'t like it, they can stop offering their hash power, and offer it to someone that opposes it. If there\'s backlash from the community like that, most likely this proposal won\'t go through. But I hope it does, and I expect it will, because miners donating millions to BCH is not a good thing. It\'s a very very good thing.\n\nThis makes far more sense than leaving development completely unfunded, and this is more decentralized than both DASH and BTC. This is anarchy in action - development has been agreed to by mining actors rather than the top holders (or those who\'m they\'ve hired, i.e. DASH, which I like btw) or outside groups like Blockstream (BTC). Instead, this is the part of our community most invested in seeing Bitcoin Cash succeed. The miners, who have invested millions into mining equipment, probably hold millions in BCH, and are donating millions to see BCH succeed, are not nefarious actors. They\'re are strongest supporters and investors, and have been screwed over by Blockstream when the Segwit 2X agreement was broken. They need one of the SHA-256 coins to succeed and we all know if won\'t be Bitcoin BTC. My guess is a much larger portion of the mining power supports BCH than currently mines it - they\'re just held captive by the current prices of the two currencies.\n\nComplaining about there being only 4 mining companies that agreed to this, and that therefore this is centralized uses the same logic as those who are against ASIC\'s and support shitcoins like Vertcoin because "muh decentralization." Economics dictates that there are millions of different restaurants, but not nearly as many car companies, nor nearly as many large supply stores like Walmart, Target, or Costco. Decentralization isn\'t an end in and of itself, but only a good in so far as it serves Bitcoin. If there were 1 million phone companies instead of like 4 or 5, then phones would suck. In fact, we probably wouldn\'t even have them. But competition makes those companies work for the consumer. Likewise, here the miners are steered by economic incentives to support the BCH network. It\'s only them that will lose if they do not.\n\nSo in short, nothing has changed. So what\'s all the fuss about when we\'re about to see an explosion of Bitcoin Cash development? Let\'s pop the champaign and light the cigars!', 'https://www.reddit.com/r/btc/comments/eslrie/nothing_has_changed_whats_all_the_fuss_about/', 'eslrie', [['u/BitcoinIsTehFuture', 11, '2020-01-23 04:45', 'https://www.reddit.com/r/btc/comments/eslrie/nothing_has_changed_whats_all_the_fuss_about/ffb3w7h/', 'Great post!', 'eslrie'], ['u/AD1AD', 26, '2020-01-23 04:55', 'https://www.reddit.com/r/btc/comments/eslrie/nothing_has_changed_whats_all_the_fuss_about/ffb4ohz/', "The **ability** to do something like this with 51% of the hashpower is not new.\n\nThat does not mean that **doing it** is a **good idea**. And if you're something who thinks it's a bad idea, then **everything** has changed.", 'eslrie'], ['u/JonathanSilverblood', 17, '2020-01-23 07:28', 'https://www.reddit.com/r/btc/comments/eslrie/nothing_has_changed_whats_all_the_fuss_about/ffbdovj/', 'It might be naive to believe that an organization with money and power would cease to exist voluntarily.', 'eslrie'], ['u/weepingguitars', 17, '2020-01-23 07:46', 'https://www.reddit.com/r/btc/comments/eslrie/nothing_has_changed_whats_all_the_fuss_about/ffbelyk/', "Why can't miners simply donate their own profits to whomever they want and not make this mandatory? Who decides which developers the funds go to?", 'eslrie'], ['u/willedandagreed', 11, '2020-01-23 08:53', 'https://www.reddit.com/r/btc/comments/eslrie/nothing_has_changed_whats_all_the_fuss_about/ffbhv8n/', "Who decides which transactions get processed? Who decides which features get included in hardforks? Who decides which is the chain to be followed? It's essentially the same question.\n\nThe fact that people suddenly think that this is a bad thing means that most never really understood the fundamental game theory of bitcoin.", 'eslrie']]], ['u/MortuusBestia', 'I represent a cartel comprising 51% of BCH miners. We intend to change the protocol to force our competitors to give us 12.5% of their income.', 20, '2020-01-23 02:51', 'https://www.reddit.com/r/btc/comments/esm4kt/i_represent_a_cartel_comprising_51_of_bch_miners/', 'We *pinky promise* to use this money for “development” or the greater good or whatever and anyone without even a passing comprehension of human history will totally believe us and trust us.\n\nBefore you complain please remember that we have 51% of hash so we are MATHEMATICALLY incapable of making the wrong decision or doing anything that might harm bitcoin.\n\nThis could not possibly be another majority hash cluster fuck akin to the majority hash that chose to choke bitcoin adoption and growth by allowing blockstream to cripple transaction capacity, because MATH.', 'https://www.reddit.com/r/btc/comments/esm4kt/i_represent_a_cartel_comprising_51_of_bch_miners/', 'esm4kt', [['u/bolognapony234', 13, '2020-01-23 03:26', 'https://www.reddit.com/r/btc/comments/esm4kt/i_represent_a_cartel_comprising_51_of_bch_miners/ffawyiw/', "I'm rather trepidatious myself. I'd be very curious to hear from u/memorydealers on this one. Sounds coercive upon initial reading.", 'esm4kt'], ['u/chalbersma', 13, '2020-01-23 04:43', 'https://www.reddit.com/r/btc/comments/esm4kt/i_represent_a_cartel_comprising_51_of_bch_miners/ffb3qxp/', 'This is a valid criticism. Even if you believe the best of intentions of the new cartel, the lack of even a hint of governance is a massive issue.', 'esm4kt'], ['u/jonald_fyookball', 12, '2020-01-23 05:32', 'https://www.reddit.com/r/btc/comments/esm4kt/i_represent_a_cartel_comprising_51_of_bch_miners/ffb7ify/', ">What if the 4 miners voluntarily decided to do this without orphans. Wouldn't that work? \n\nYes, and would be more palatable, but then would lose the benefits of getting the subsidization ... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37
You are an expert financial analyst. Your primary task is to 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 privacy and scalability upgrade that could turn out to be one ofbitcoin‘s largest to date has passed a couple of milestones that were little noticed outside technical circles.\nOn Tuesday, Pieter Wuille, a Bitcoin Core contributor and the brains behind the update known as Taproot,submitteda work-in-progress code change to GitHub in what’s known as a “pull request,” showing the code is ready for more developer eyes.\n“Merging this is obviously conditional on getting community support for the proposal. It’s opened here to demonstrate the code changes that it would imply,” he wrote.\nRelated:Continued Losses See Bitcoin Erase 40% of Recent Price Rally\nSubmitting a pull request to the code for Bitcoin Core (the reference implementation, or standard version of bitcoin software from which others are derived) does not mean the change is official. But it’s a key step. While many in the bitcoin community are excited about the upgrade, the process of turning the idea into code has been mostly happening behind-the-scenes. Wuille’s “pull request” pushes it into the spotlight, signifying the code is closer to ready.\nThough Wuille submitted the pull request just a couple of days ago, several bitcoin developers, including John Newberry, Ben Woosley and Adam Ficsor, have already left review comments, in another sign of how highly anticipated the change is.\nIn another key, if more symbolic milestone, the three Bitcoin Improvement Proposals (BIP), which are like blueprints of the changes, have also been assigned numberson GitHub.\nA key part of the proposal is Schnorr, a cryptographic signature scheme for proving ownership of coins. It’s better than what bitcoin has right now in that it paves the way for scalability improvements and allows developers to build new technologies on top of bitcoin.\nRelated:BlockFi Adjusts Interest Rates to Lure Larger Crypto Deposits\nUsing Schnorr, Taproot adds smart contract capabilities to bitcoin that would strengthen privacy. For example, the transactions that open and close payment channels on thelightning network, allowing speedier transfers of small amounts, would not look much different from normal transactions (at least, up to a point). So it would be harder for blockchain voyeurs to discern what a user is doing.\nAs a decentralized cryptocurrency, bitcoin doesn’t have a single leader who can push through changes. As such, a major change like this (called a “soft fork” in bitcoin) can only get absorbed if just about everyone agrees with it.\nIf no one in the community comes up with any valid objections to Taproot (such as uncovering a security vulnerability) it could become the biggest change the digital currency has seen since 2017, when scaling upgrade SegWit was locked in after a long and often savage debate.\nSo far, it looks like the change has all but unanimous approval from developers. Bitcoin Core contributor Anthony Towns organized a review group where developers scrutinized the BIPs, submitting comments and suggestions. Any developer who wanted to join could.\nThis “army” of developers finished their review of the protocol change earlier this month. Of those, 16 submitted a “survey” at the end outlining their feedback, including whether they think the upgrade is a good idea. All 16 approved of the changes.\nThere’s still a lot of work to do. While many scrutinize the code looking for improvements or errors, some developers aredebatingthe best way for the decentralized, global network to adopt the change with as few bumps as possible – which SegWit’s heated debate showed is far from a given.\n• Bitcoin Faces Move to $8,200 After Dropping Out of Trading Range\n• Crypto Asset Firm Amun Launches Inverse Bitcoin ETP', 'A privacy and scalability upgrade that could turn out to be one of bitcoin \x91s largest to date has passed a couple of milestones that were little noticed outside technical circles. On Tuesday, Pieter Wuille, a Bitcoin Core contributor and the brains behind the update known as Taproot, submitted a work-in-progress code change to GitHub in what\x92s known as a \x93pull request,\x94 showing the code is ready for more developer eyes. \x93Merging this is obviously conditional on getting community support for the proposal. It\x92s opened here to demonstrate the code changes that it would imply,\x94 he wrote. Related: Continued Losses See Bitcoin Erase 40% of Recent Price Rally Submitting a pull request to the code for Bitcoin Core (the reference implementation, or standard version of bitcoin software from which others are derived) does not mean the change is official. But it\x92s a key step. While many in the bitcoin community are excited about the upgrade, the process of turning the idea into code has been mostly happening behind-the-scenes. Wuille\x92s \x93pull request\x94 pushes it into the spotlight, signifying the code is closer to ready. Though Wuille submitted the pull request just a couple of days ago, several bitcoin developers, including John Newberry, Ben Woosley and Adam Ficsor, have already left review comments, in another sign of how highly anticipated the change is. In another key, if more symbolic milestone, the three Bitcoin Improvement Proposals (BIP), which are like blueprints of the changes, have also been assigned numbers on GitHub . A key part of the proposal is Schnorr, a cryptographic signature scheme for proving ownership of coins. It\x92s better than what bitcoin has right now in that it paves the way for scalability improvements and allows developers to build new technologies on top of bitcoin. Related: BlockFi Adjusts Interest Rates to Lure Larger Crypto Deposits Using Schnorr, Taproot adds smart contract capabilities to bitcoin that would strengthen privacy. For example, the transactions that open and close payment channels on the lightning network , allowing speedier transfers of small amounts, would not look much different from normal transactions (at least, up to a point). So it would be harder for blockchain voyeurs to discern what a user is doing. Leaderless change As a decentralized cryptocurrency, bitcoin doesn\x92t have a single leader who can push through changes. As such, a major change like this (called a \x93soft fork\x94 in bitcoin) can only get absorbed if just about everyone agrees with it. If no one in the community comes up with any valid objections to Taproot (such as uncovering a security vulnerability) it could become the biggest change the digital currency has seen since 2017, when scaling upgrade SegWit was locked in after a long and often savage debate. Story continues So far, it looks like the change has all but unanimous approval from developers. Bitcoin Core contributor Anthony Towns organized a review group where developers scrutinized the BIPs, submitting comments and suggestions. Any developer who wanted to join could. This \x93 army \x94 of developers finished their review of the protocol change earlier this month. Of those, 16 submitted a \x93survey\x94 at the end outlining their feedback, including whether they think the upgrade is a good idea. All 16 approved of the changes. There\x92s still a lot of work to do. While many scrutinize the code looking for improvements or errors, some developers are debating the best way for the decentralized, global network to adopt the change with as few bumps as possible \x96 which SegWit\x92s heated debate showed is far from a given. Related Stories Bitcoin Faces Move to $8,200 After Dropping Out of Trading Range Crypto Asset Firm Amun Launches Inverse Bitcoin ETP View comments', 'A privacy and scalability upgrade that could turn out to be one ofbitcoin‘s largest to date has passed a couple of milestones that were little noticed outside technical circles.\nOn Tuesday, Pieter Wuille, a Bitcoin Core contributor and the brains behind the update known as Taproot,submitteda work-in-progress code change to GitHub in what’s known as a “pull request,” showing the code is ready for more developer eyes.\n“Merging this is obviously conditional on getting community support for the proposal. It’s opened here to demonstrate the code changes that it would imply,” he wrote.\nRelated:Continued Losses See Bitcoin Erase 40% of Recent Price Rally\nSubmitting a pull request to the code for Bitcoin Core (the reference implementation, or standard version of bitcoin software from which others are derived) does not mean the change is official. But it’s a key step. While many in the bitcoin community are excited about the upgrade, the process of turning the idea into code has been mostly happening behind-the-scenes. Wuille’s “pull request” pushes it into the spotlight, signifying the code is closer to ready.\nThough Wuille submitted the pull request just a couple of days ago, several bitcoin developers, including John Newberry, Ben Woosley and Adam Ficsor, have already left review comments, in another sign of how highly anticipated the change is.\nIn another key, if more symbolic milestone, the three Bitcoin Improvement Proposals (BIP), which are like blueprints of the changes, have also been assigned numberson GitHub.\nA key part of the proposal is Schnorr, a cryptographic signature scheme for proving ownership of coins. It’s better than what bitcoin has right now in that it paves the way for scalability improvements and allows developers to build new technologies on top of bitcoin.\nRelated:BlockFi Adjusts Interest Rates to Lure Larger Crypto Deposits\nUsing Schnorr, Taproot adds smart contract capabilities to bitcoin that would strengthen privacy. For example, the transactions that open and close payment channels on thelightning network, allowing speedier transfers of small amounts, would not look much different from normal transactions (at least, up to a point). So it would be harder for blockchain voyeurs to discern what a user is doing.\nAs a decentralized cryptocurrency, bitcoin doesn’t have a single leader who can push through changes. As such, a major change like this (called a “soft **Last 60 Days of Bitcoin's Closing Prices:** [7146.13, 7218.37, 7531.66, 7463.11, 7761.24, 7569.63, 7424.29, 7321.99, 7320.15, 7252.03, 7448.31, 7547.00, 7556.24, 7564.35, 7400.90, 7278.12, 7217.43, 7243.13, 7269.68, 7124.67, 7152.30, 6932.48, 6640.52, 7276.80, 7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-01-24 **Financial & Commodity Data:** - Gold Closing Price: $1571.10 - Crude Oil Closing Price: $54.19 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.40 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: By Marc Jones LONDON (Reuters) - For all the angst about trade wars, geopolitics and a sputtering and overly indebted global economy, 2019 might just be the best year investors have ever had. The numbers are staggering. Global stocks have piled on more than $10 trillion, bonds have been on fire, oil has surged almost 25%, former crisis spots Greece and Ukraine have top-performed, and even gold has sparkled. Wall Street <.SPX> and MSCI's near 50-country world index <.MIWD00000PUS> have both stormed to record highs after 30% and 24% leaps. Europe, Japan, China and Brazil are all up at least 20% in dollar terms too. Not exactly shoddy. A mirror image of 2018, when almost everything fell? Perhaps. But there have been a couple of important drivers. One was China showing it was serious about stimulus for its $14 trillion economy. The other was the screeching change of direction by the world's top central banks, led by the Federal Reserve, which cut U.S. interest rates for the first time since the financial crisis more than a decade earlier. "Whereas a year ago the Fed was raising rates and earnings were rolling over, this year you have felt the Fed has been on your side," said James Clunie, who manages asset firm Jupiter's Absolute Return Fund. "They are willing to do QE4 at a stock market (record) high, which is extraordinary," he added, referring to Fed efforts to bring down a spike in money market rates that some suggest could presage a fourth round of quantitative easing asset purchases. Graphic: Global markets in 2019 - https://fingfx.thomsonreuters.com/gfx/mkt/13/103/103/Pasted%20Image.jpg That Fed shift and the worldwide blizzard of rate cuts that have come since have fired bond markets up like a rocket. U.S. Treasuries, the world's benchmark government IOU, have made a whopping 9.4 percent after yields plunged as much as 120 basis points. That followed a near 40 basis point fall the last quarter of 2018, after five quarters in which they had consistently risen. German Bunds -- Europe's safest asset -- have had their best year in five years, making roughly 5.5% in euro terms as the European Central Bank has reversed course too. The yield on 10-year debt dropped below zero percent for the first time since 2016 in March and dived as deep as -0.74% in September. Graphic: U.S. Treasuries vs German Bunds - https://fingfx.thomsonreuters.com/gfx/mkt/13/102/102/Pasted%20Image.jpg In commodities, oil has raced up almost 25% following its best first quarter since 2009. That, plus key dividend rule changes, has made Russia's stock market the best in the world with a 40% rise and also made the rouble a top three currency. Metals have had a more mixed time. Copper is only 4% higher after buckling badly when trade tensions flared in the middle of the year, and aluminum is down 2%. But palladium, used in car and truck catalytic converters, has boomed 55%, while gold has had its best year since 2010 with a 15% jump. A statistic likely to make most jaws drop is that Greek banks -- remember all that euro debt crisis and capital controls stuff a few years back? -- have been some of the world's best-performing stocks this year. The country's biggest lender Piraeus Bank <BOPr.AT> is up 250%, as is smaller Attica Bank <BOAr.AT>, helping make Athens Europe's strongest bourse this year. But even those gains look skimpy in comparison to Californian video streaming darling Roko <ROKU.O>, whose shares have risen 440% this year. FANGTASTIC Tech has remained top more broadly. Apple <AAPL.O> may just have lost its crown as world's most valuable firm to Saudi Aramco but it can console itself with its 77% leap this year. Facebook <FB.O> has surged 57%, Microsoft <MSFT.O> 53%, Google <GOOGL.O> 30%, Netflix <NFLX.O> 24% and Amazon <AMZN.O> 19 percent. China's tech sector <.CSIINT> is right in mix too with a 64% rally and online behemoth Alibaba <BABA.K> up 53%. Cryptoassets have been typically wild. Bitcoin was up over up 260% in June but it has been hauled back to around 85%. Riskier high-yield debt, corporate bonds and local currency emerging market bonds and have all brought in between 11%-14% while Ukraine's dollar bonds and Greece's euro bonds have piled on over 30%. "It is just a great year for the asset class," said Pictet emerging market debt portfolio manager Guido Chamorro. "It has been a relentless rally across the board over the last couple of months and it is possible that it continues into next year." Graphic: Emerging market hard currency bonds in 2019 - https://fingfx.thomsonreuters.com/gfx/mkt/13/120/120/Pasted%20Image.jpg Despite almost daily Brexit chaos, the loss of another prime minister and a snap election, UK gilts have returned 4.5% and a near 6% rise could land sterling its best quarter since 2009. In contrast, the Fed's pirouette and easing of trade tensions means the dollar index <.DXY> is about to experience its worst quarter in 1-1/2 years. It is still clinging to a 1.5% gain for the year, though, meaning it will be the euro's <EUR=> fifth red year in six. As usual the big swings have been in emerging markets. Argentina's peso <ARS=> and Turkey's lira <TRY=>, 2018's punchbags, have taken another beating. Argentina's woes have worsened such that it is restructuring its debt again while Turkey's worries have not really gone away. At the other end of the spectrum, a new president and a new reform agenda have seen Ukraine's hryvnia <UAH=> rocket 19%. Russia's rouble is up 11% and Egypt's pound <EGP=> is sandwiched in between with a 11.7% gain. Graphic: World stocks pile on more that $10 trillion in 2019 - https://fingfx.thomsonreuters.com/gfx/mkt/13/121/121/Pasted%20Image.jpg Graphic: All aboard the emerging market express - https://fingfx.thomsonreuters.com/gfx/mkt/13/126/126/Pasted%20Image.jpg (Additional reporting by Dhara Ranasinghe; Editing by Catherine Evans)... - 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.
8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Max Boonen is the founder and CEO of crypto trading firm B2C2 . This post is the third in a series of three that looks at the structure of crypto markets. Opinions expressed within are his own and do not reflect those of CoinDesk. In the two previous articles , I summarized the evolution of speed in modern finance and the balancing act between good and bad latency reductions. Let us now examine the venues where trading takes place and how they fare in this world of increasing speeds. To trade financial assets, a variety of market designs are possible: those are called market microstructures. We will explain three major ones found in crypto today, why they exist and how one should evaluate them. Related: Continued Losses See Bitcoin Erase 40% of Recent Price Rally The CLOB This is the classic exchange, represented in popular culture by the ubiquitous facade of the NYSE. What exchanges provide is known as a central limit order book (“CLOB”). It is central because all participants send orders to it. It is “limit” because the price specified by an order indicates the limit (worst) price at which the trader is willing to transact. Any new order either trades against a pre-existing, opposite order or remains in the order book at its limit price. Participants can therefore both execute instantly against resting orders (to “take,” to be “aggressive”) or wait for execution by others (to “make,” to be “passive”). By and large, those passive orders are placed by professional market makers. Importantly, trading in a CLOB is entirely anonymous – or so one hopes – pre-trade and normally post-trade, too: the exchange sits in the middle of all trades. Traders pay commissions, often with volume discounts. The single-dealer platform On a single-dealer platform, or SDP, clients trade with one liquidity provider (conventionally, either a bank or a so-called non-bank liquidity provider such as B2C2 ) on a “name disclosed” basis, since the dealer runs the proprietary platform and knows who is trading. Clients “take” and the dealer “makes” as a principal, meaning that when a client buys, the dealer sells and vice versa. This is not to be confused with an agency model where the middleman transmits client orders to an actual dealer or venue. In the dealer model, there is no commission but the client faces a variable bid-offer spread to compensate the market maker for the financial risk it is taking. B2C2’s over-the-counter (OTC) platform was the first single-dealer platform in crypto, having operated since 2016. Unlike an exchange, not all participants see the same price; in fact, there may be as many unique price feeds as counterparties, for reasons that go way beyond simply rewarding big customers with favorable terms. Story continues Related: Bitcoin Faces Move to $8,200 After Dropping Out of Trading Range The aggregators Instead of receiving one single feed, clients receive an aggregation of different prices and can pick the best one. While diverse in their mechanics, aggregators put market makers on one side and price takers on the other. A crypto example is CoinRoutes . Takers are normally anonymous before the trade with disclosure of the counterparty to the liquidity provider after the trade. Aggregators are not exchanges! First, the settlement relationship is often (but not always) bilateral, meaning the takers must be onboarded by each liquidity provider they want to interact with, and bilateral credit limits have to be respected. Second, and crucially, the makers typically cannot take. Aggregators, like exchanges, charge a commission. Adverse selection: a tension within all markets Where should one trade? The answer depends on the interaction between your trades and the liquidity provider(s) on the other side. Imagine you want to bet on the winner of the 2020 U.S. presidential election. You’ve done your research and feel quite confident. One person in particular is keen to take the other side of your bet: the famous statistician Nate Silver . Do you still want to bet? While an election represents the sum of each person’s vote, few can predict its outcome; the same goes in financial markets. Most participants do not know where the market is going; those who do are called informed traders. When it comes to the U.S. political landscape, Nate Silver is informed because he might know something you don’t and his willingness to bet against you is an indication of that. This is adverse selection. Note that being informed nowadays means being fast. It does not actually refer to knowing where the price will be a month, a day or even an hour from now. As renowned economist Andrew Haldane put it : “Adverse selection risk today has taken on a different shape. In a high-speed, co-located world, being informed means seeing and acting on market prices sooner than competitors. Today, it pays to be faster than the average bear, not smarter. To be uninformed is to be slow.” Recall my previous post on the latency arms race. In the high-frequency context where market-making takes place, the most brilliant quantitative fund might be considered uninformed as long as it is not operating in the high-frequency spectrum. Market makers have to balance the losses incurred against informed traders with the spread they earn from everyone else. Diff’rent strokes: What might be right for you might not be right for some Exchanges are the venues with the highest adverse selection because everyone can take indiscriminately and anonymously. Aggregators come in second since they are partly anonymous but the makers cannot take. As explained in Part 1, market makers are also high-speed informed traders, thus a venue lowers its average toxicity by preventing the makers from taking. Lastly, bilateral relationships have the least adverse selection since the dealer knows exactly how informed any individual client is. In essence, the spectrum represents a trade-off for the investor between receiving better prices at the cost of disclosing more information or being turned down altogether. As a result of the tension above, markets naturally iterate through the following cycle: 1) informed traders are identified by liquidity providers as less profitable trading relationships 2) liquidity providers thus show more conservative prices to more informed traders, and more competitive pricing to everyone else 3) the most informed traders have no choice but to switch to more anonymous venues: aggregators first, then exchanges 4) adverse selection becomes exacerbated on exchange due to the arrival of those new informed traders, thus the market impact (broadly defined) of trading increases, incentivizing uninformed traders to leave exchanges in favor of direct relationships with market makers where they receive comparatively better pricing 5) rinse and repeat until such time as there is strong self-selection of traders: on one side, high-speed, informed trading with high market impact on exchanges; on the other, less expensive liquidity in the OTC market. This is what has happened in the foreign exchange market over the past 10 years. EBS and Reuters, the primary CLOBs, lost market share to single-dealer platforms as the arrival of high-frequency trading firms in the FX market pushed banks to retrench in favor of direct OTC relationships. Per the BIS , “On the one hand, liquidity provision has become more concentrated among the largest banks, which reap the benefits of a large electronic network of client relationships to internalize a large part of their customer flows. Many other banks, however, have found it hard to compete and have resorted to an agency model of market-making or have exited the business altogether.” The same evolution marked crypto in 2019. Exchange market-making has become extremely competitive after the entry of big high-frequency trading firms in early 2018 while the technological cost of running a single-dealer platform – as opposed to the voice trading of yore – forced crypto trading firms to adapt . We now witness a separation between a handful of principal dealers like B2C2, and firms focused on OTC redistribution (the agency model). Is aggregation next? A separate dynamic is at work with aggregation, one that has yet to play out in crypto. At first glance, it is always better to have more liquidity providers than fewer. But that’s wrong, because it takes two to tango. A measure of it is good, but too much and adverse selection again rears its ugly head. The reason: winner’s curse. In an exclusive relationship, the liquidity provider executes all the client’s trades, good and bad. With a dozen aggregated liquidity providers, having shown the best price often means that it was too good a price, irrespective of how informed the client actually is. As a consequence, liquidity providers worsen pricing parameters for highly (and naively) aggregated flow. Research by Deutsche Bank explains how aggregation can worsen execution for uninformed (!) traders, with higher rejections and wider spreads. Crypto might not go through a round of higher-than-warranted aggregation before the pendulum swings back as it did in the FX market. First, there are few electronic liquidity providers in crypto and fewer still that are good enough to deal with aggregation. Second, maintaining numerous separate relationships is operationally costly, especially with exchanges in an industry where the mantra is “not your keys, not your coins.” To paraphrase Matt Levine, no need to painfully re-learn the lessons of venue selection in conventional markets! Conclusion: The right tools for the right task I predict 2020 will be a year where, unsatisfied with exchange pricing (in terms of fees and market impact), large traders rethink their relationships with exchanges. In doing so, looking at fees and spreads is not sufficient. Assessing how one’s activity pushes the market against oneself must be part of the toolbox, too, and more. You don’t know how to swim just because you bought inflata **Last 60 Days of Bitcoin's Closing Prices:** [7218.37, 7531.66, 7463.11, 7761.24, 7569.63, 7424.29, 7321.99, 7320.15, 7252.03, 7448.31, 7547.00, 7556.24, 7564.35, 7400.90, 7278.12, 7217.43, 7243.13, 7269.68, 7124.67, 7152.30, 6932.48, 6640.52, 7276.80, 7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-01-25 **Financial & Commodity Data:** - Gold Closing Price: $1571.10 - Crude Oil Closing Price: $54.19 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.41 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: (Bloomberg) -- China’s latest crypto-crackdown is already claiming its first casualties. At least five local exchanges have halted operations or announced they will no longer serve domestic users this month, after regulators issued a series of warnings and notices as part of a cleanup of digital currency trading. China’s stepping up scrutiny of its massive cryptocurrency industry just weeks after President Xi Jinping ignited a market frenzy by declaring Beijing’s support for blockchain technology. Financial watchdogs including the Chinese central bank have in past weeks ordered crypto firms to shutter and warned investors to be wary of digital currencies, seeking to rein in a market prone to excesses. Weibo, a Chinese Twitter-like service, suspended accounts operated by major exchange Binance Holdings Ltd. and blockchain platform Tron. Taken together, the latest wave of shutdowns and restrictions represent the biggest cleanup of the sector since an initial Chinese clampdown in September 2017. Although exchanges that allow users to buy Bitcoin and Ether with fiat money were banned, trading had remained rampant in China through over-the-counter platforms or services that deal with crypto assets only. Now, even those alternatives have succumbed to regulators, spooking investors. Bitcoin this week sank to its lowest level in six months at the end of its longest losing streak since at least 2010. The largest crypto-currency recovered with a 6% rebound on Wednesday but is still poised to post its worst month since November last year. Twenty of the top 50 crypto exchanges are based in the Asia-Pacific region and accounted for about 40% of Bitcoin transactions in the first half of the year, according to data from Chainalysis. Within the region, the most exchanges are in China, the research firm found. Aaron Hu, a 26-year-old computer engineer in the central Chinese city of Changsha , said he moved all the crypto he holds -- several million yuan’s worth -- from exchanges like Binance and OKEx to his own wallet address. “The first thing I thought of is how to secure my assets,” he said. Read more: Bitcoin Touches Six-Month Low as More Supports Give Way Last week, Chinese exchange operators Bitsoda and Akdex announced termination of service. Rival Biss said this month it’s halted operations while executives cooperate with a government probe. Btuex said on Monday it will shut in response to Chinese government orders, reopening in future to serve only overseas users. And Idax said on Sunday it will also no longer serve users in China but focus on users abroad, citing policy reasons. “It appears that, like everything else within their borders, China feels it needs to have tighter controls on the crypto market including exchanges, miners and asset issuers,” said Katie Talati, head of research at Arca, a Los Angeles-based asset manager that invests in cryptocurrencies. “I do believe, however, they are moving in a similar direction as Japan and other jurisdictions that have tight and clear regulations for crypto businesses.” For now, uncertainty over how deep the apparent crackdown will run has spurred traders to transfer their money to safer places. One of crypto’s largest wallet apps, ImToken, said Tether transactions among its nearly 10 million users surged to $66 million on Nov. 22, the day China’s central bank issued its latest warning against crypto trading. That’s more than double the app’s average daily Tether transaction in October, the IDG-backed startup told Bloomberg News. Tether, a so-called stable coin pegged to U.S. dollars, is a popular vehicle for investors to move their money into and out of crypto coins. “The current situation and environment for blockchain in China is still very positive,” Tron founder and crypto entrepreneur Justin Sun said. “In the short term, it may not get as much progress as we’d expect.” Here’s a timeline of the recent developments from China that’s been blamed for the plunge: On Nov. 13, Binance’s Weibo account was suspended.On Nov. 14, the Chinese central bank’s Shanghai office and the city’s financial regulator issued a notice asking local government agencies to work with crypto-related companies under their supervision to exit such businesses immediately. On the same day, Beijing’s financial regulator published a statement warning against illegal exchange operations.On Nov. 15, Tron’s Weibo account was frozen.On Nov. 21, Shenzhen financial regulator said in a statement it’s looking into allegedly illegal crypto operations, organizing check-ups and gathering evidence.On Nov. 21, crypto publication the Block reported Binance’s Shanghai office was shut in a police raid. Binance disputed the report, or that it has fixed offices in China.On Nov. 22, the Chinese central bank’s Shanghai branch said in a statement that companies that have conducted publicity campaigns, or have offered other services to offshore crypto exchanges, have been ordered to take immediate corrective actions or exit the business. (Updates with Bitcoin trading in the fourth paragraph) To contact the reporters on this story: Zheping Huang in Hong Kong at [email protected];Olga Kharif in Portland at [email protected] To contact the editors responsible for this story: Joanna Ossinger at [email protected], ;Jeremy Herron at [email protected], Edwin Chan, Dave Liedtka For more articles like this, please visit us atbloomberg.com ©2019 Bloomberg L.P.... - Reddit Posts (Sample): [['u/UnknownEssence', 'An open, neutral, borderless cash protocol should not have a privileged account that gives a central entity the ability to extract money from the protocol. [Read]', 166, '2020-01-25 01:43', 'https://www.reddit.com/r/btc/comments/etjj9n/an_open_neutral_borderless_cash_protocol_should/', 'Once\'s the large miners are in control of this privileged account which has the ability to extract money from the protocol, mark my word, it will never go away.\n\n&gt;"But the developers do good work and deserve to be paid"\n\nIf the devs want to be paid, they should set up a donation system. It\'s works for Monero. The devs submit a proposal, people donate, the devs are paid for 3-6 months of work then do it all again.\n\nIf they don\'t want to rely on donations and want to be paid via the block reward, then their should be a properly decentralized DAO, much like Dash. In which the dev team can submit a proposal for funding, people vote on the proposal and if it passes, then the devs get the money they\'ve requested. If people vote against it, no money is paid. \n\nThere are many ways to fund a dev team, but creating a special, privileged account that allows for the individual with the key to skim money from the block reward, regardless of whether or not they contribute anything of value is \\*not\\* the way to do it.\n\n&gt;"But the miners can dissolve the special account"\n\nHave you ever considered that once this funded, privileged account exists, it will be far too valuable to ever remove? What\'s to stop miners and/or devs from spiting the profits from this privileged account? It\'s a win-win for them. \n\nWhat happens if the large miners say "Give me a cut of the 12% or we will remove it entirely"?\n\nWhat happens when large miners profit from mining rewards + a cut of the 12%? Small miners who don\'t receive a cut of these extra funds can\'t compete and leave. Then the only miners left are those in control of the privileged account and they gain full control of the chain. \n\nThis is one possible outcome. There is a large number of possible outcomes, and almost all of them are bad. While at the same time there is 1 possible positive outcome - it works as expected. I doubt it. \n\n&amp;#x200B;\n\n&gt;"but they are in it for the good of Bitcoin Cash, they wouldn\'t take advantage of the system"\n\nAre you asking me to ***trust*** them? \n\nThis proposal is absolutely ludicrous and I\'d go so far as to question the motives or intelligence of anybody who supports such a proposal. The odds of this being good for the chain are slim.', 'https://www.reddit.com/r/btc/comments/etjj9n/an_open_neutral_borderless_cash_protocol_should/', 'etjj9n', [['u/chalbersma', 13, '2020-01-25 01:54', 'https://www.reddit.com/r/btc/comments/etjj9n/an_open_neutral_borderless_cash_protocol_should/ffgs4sh/', 'Well said.\n\n/u/tippr $1.00', 'etjj9n'], ['u/conbarrella3', 12, '2020-01-25 02:35', 'https://www.reddit.com/r/btc/comments/etjj9n/an_open_neutral_borderless_cash_protocol_should/ffgvjvg/', 'What can we do to stop it?', 'etjj9n'], ['u/Infinite_Metal', 11, '2020-01-25 05:38', 'https://www.reddit.com/r/btc/comments/etjj9n/an_open_neutral_borderless_cash_protocol_should/ffh9l3g/', 'If the miners want to support development why don’t they simply fund it themselves? It seems insane to include this in the protocol.', 'etjj9n'], ['u/arruah', 14, '2020-01-25 05:39', 'https://www.reddit.com/r/btc/comments/etjj9n/an_open_neutral_borderless_cash_protocol_should/ffh9os1/', 'Fork.', 'etjj9n'], ['u/spe59436-bcaoo', 17, '2020-01-25 05:40', 'https://www.reddit.com/r/btc/comments/etjj9n/an_open_neutral_borderless_cash_protocol_should/ffh9qw0/', 'Gain more hash', 'etjj9n'], ['u/optionsanarchist', 11, '2020-01-25 06:26', 'https://www.reddit.com/r/btc/comments/etjj9n/an_open_neutral_borderless_cash_protocol_should/ffhcmbl/', 'Oh wow, never thought about it like that. Thanks for opening my eyes.', 'etjj9n'], ['u/rattie_ok', 13, '2020-01-25 08:06', 'https://www.reddit.com/r/btc/comments/etjj9n/an_open_neutral_borderless_cash_protocol_should/ffhhw51/', "Very well said. Clean and concise.\n\nIf BCH implements this mindless taxation (=theft) then a chain split is bound to happen. Or worse, the hashrate will drop so much, BSV will be able to 51% attack it.\n\nI had respect for the BCH project, and a respect for Roger, but if this centralized tax fuckery passes, I'm moving my interest elsewhere.", 'etjj9n'], ['u/SwedishSalsa', 31, '2020-01-25 08:44', 'https://www.reddit.com/r/btc/comments/etjj9n/an_open_neutral_borderless_cash_protocol_should/ffhjm0s/', "You are right of course, but like all roads to hell it starts with the best intentions. \n\nThis is not why I got into Bitcoin. Giving a central entity the ability to extract money is encouraging corruption. Just like taxes or the Fed, which also had the best intentions from the start.\n\nI can't believe libertarians like Roger Ver supports this. Even if this propels BCH to number 1 (which I doubt), this is not the Bitcoin I signed up for and it will not make the world a better place. 12% of mining rewards will be a huge sum which will only be increased and morphed into all kinds of evil, especially if BCH becomes a true reserve currency. \n\nIf your incentives for developing BCH is only monetary, then maybe RIpple or BTC is a better pick. We want money that makes the world better, not Lambos and moon. Of course developers should get funded, but it should be through donations or seeing their assets grow because they did a good job, not taxes.", 'etjj9n'], ['u/ShadowOfHarbringer', 13, '2020-01-25 10:28', 'https://www.reddit.com/r/btc/comments/etjj9n/an_open_neutral_borderless_cash_protocol_should/ffhnvve/', "&gt; If they don't want to rely on donations and want to be paid via the block reward, then their should be a properly decentralized DAO, much like Dash. \n\nA fully functional DAO on Bitcoin Cash is most probably not doable, but a smart contract / developer tokens / OP_CHECKDATASIG solution or a combination of these would be wise.\n\nSending money to some shady HK corporation in an unstable political jurisdiction is not a very good idea.", 'etjj9n'], ['u/dgenr8', 15, '2020-01-25 14:41', 'https://www.reddit.com/r/btc/comments/etjj9n/an_open_neutral_borderless_cash_protocol_should/ffhyw3a/', "*Only* on a controlled blockchain would *hard coding an address for new money* even be considered.\n\nThese guys are in so deep, and so convinced of their own righteousness, they cannot see the hypocrisy and failure represented by this idea.\n\nWho gets the reward? Not the most hashrate, nor the biggest holders, nor the best developers, nor the worthiest causes.\n\nThe guys with the key. That's who gets the money.", 'etjj9n']]], ['u/oscar_salas93', 'Please, stop calling anyone who doesn’t agree with the fund proposal a troll or another attack on Bitcoin Cash (BCH)', 85, '2020-01-25 02:34', 'https://www.reddit.com/r/btc/comments/etk6eq/please_stop_calling_anyone_who_doesnt_agree_with/', 'Stop, people who does not agree with the BCH fund plan likes Bitcoin Cash as much as anyone else here.\n\nSome major voices are against it and they were giving more than some in this space. It’ll be good if instead of replying the same stuff everytime you start considering other people opinions. As far as I understand that’s why r/btc was created.', 'https://www.reddit.com/r/btc/comments/etk6eq/please_stop_calling_anyone_who_doesnt_agree_with/', 'etk6eq', [['u/oscar_salas93', 13, '2020-01-25 02:57', 'https://www.reddit.com/r/btc/comments/etk6eq/please_stop_calling_anyone_who_doesnt_agree_with/ffgxc3j/', 'That’s not true, there’s some very important members that helped as much as they could. Only because the rest of the miner hold companies which make profits out of BCH it doesn’t make it more than the rest. There’s people here that supported in many ways you don’t know.', 'etk6eq'], ['u/LovelyDay', 26, '2020-01-25 03:03', 'https://www.reddit.com/r/btc/comments/etk6eq/please_stop_calling_anyone_who_doesnt_agree_with/ffgxs0o/', "Good point, fully agree.\n\nJust be aware that _some_ Core/SV trolls who traditionally never contributed in this sub are hard at work, fully exploiting these discussions to promote further division or make the community look bad.\n\nFor example, u/feejarndyce.\n\nOf course we should not easily call people trolls for having different opinions.\n\nYou're 100% right that this proposal, in current form, is not universally liked &amp; agreed in the BCH community. We should have an open and frank discussion, but real trolls also need to and will be called out.", 'etk6eq'], ['u/BitcoinXio', 16, '2020-01-25 03:04', 'https://www.reddit.com/r/btc/comments/etk6eq/please_stop_calling_anyone_who_doesnt_agree_with/ffgxudi/', 'You’re talking to a troll.', 'etk6eq'], ['u/oscar_salas93', 14, '2020-01-25 03:21', 'https://www.reddit.com/r/btc/comments/etk6eq/please_stop_calling_anyone_who_doesnt_agree_with/ffgz8uf/', 'The post is not about the fund itself but rather how users are treating each other', 'etk6eq'], ['u/kilrcola', 14, '2020-01-25 04:31', 'https://www.reddit.com/r/btc/comments/etk6eq/please_stop_calling_anyone_who_doesnt_agree_with/ffh4s7n/', "It's fine to listen, but also take note who is saying these things. If they are a new anonymous user and you haven't seen them around before, weigh that up.\n\nIf they are figures who have been around the block and are shouting about how bad (or good) certain ideas are, then probably take more notice.", 'etk6eq'], ['u/liquidify', 15, '2020-01-25 06:53', 'https://www.reddit.com/r/btc/comments/etk6eq/please_stop_calling_anyone_who_doesnt_agree_with/ffhe6bq/', "2012'er here ...I am not new. I think the proposal is bullshit and I haven't seen a single reasonable argument for it. \n\nI've seen a bunch of half ass mumbling about incentives, but nothing with a grain of logic to it. My assumption at this point is that the proposal and its supporters are the attack. \n\nT... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96
You are an expert financial analyst. Your primary task is to 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 fell by 1.11% on Saturday. Reversing a 0.52 gain from Saturday, Bitcoin ended the day at $8,353.7.\nA particularly bearish start to the day saw Bitcoin slide from an intraday high $8,447.2 to an early morning intraday low $8,280.0.\nFalling short of the major resistance levels, Bitcoin fell through the first major support level at $8,287.73.\nFinding support through the afternoon, Bitcoin recovered to $8,400 levels before sliding back to $8,300 levels.\nThe near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, supported by this week’s pullback.\nFor the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.\nAcross the rest of the top 10 cryptos, it was a bearish day for the majors.\nCardano’s ADA and EOS led the way down, with losses of 3.85% and 3.68% respectively.\nBitcoin Cash ABC (-1.29%), Bitcoin Cash SV (-1.29%), Ethereum (-1.35%), Litecoin (-2.04%), Ripple’s XRP (-1.25%), and Stellar’s Lumen (-1.05%) also struggled.\nBinance Coin (-0.94%), Monero’s XMR (-0.05%), and Tron’s TRX (-0.61%) saw relatively modest losses on the day.\nFor the current week, it’s been a mixed week, however.\nBitcoin Cash ABC (-8.84%), Bitcoin Cash SV (-7.18%), Litecoin (-7.51%), Monero’s XMR (-5.88%), Ripple’s XRP (-6.67%), and Stellar’s Lumen (-6.49%) saw heavy losses.\nBinance Coin (-2.65%), EOS (-3.22%), Ethereum (-3.98%), and Tron’s TRX (-2.65%) saw relatively modest losses, Monday through Saturday.\nCardano’s ADA bucked the trend, however, gaining 2.69% in spite of Saturday’s pullback.\nThrough the current week, the crypto total market cap rose from a Monday low $234.19 to a Wednesday high $243.39bn. The 2ndhalf of the week sell-off saw the total market cap fall to a Friday current week low $226.29bn. At the time of writing, the total market cap stood at $230.34bn.\nBitcoin’s dominance held onto 66% levels with the broader market seeing heavier losses in the week.\nOn Monday, 24-hour trading volumes had hit $122bn levels before falling back to sub-$80bn levels. At the time of writing, 24-hr volumes stood at $72.28bn.\nAt the time of writing, Bitcoin was up by 0.19% to $8,369.7. A bearish start to the day saw Bitcoin slide to an early morning low $8,301.0 before striking a high $8,373.1.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day for the crypto majors.\nEOS led the way, rising by 1.29%, while Monero’s XMR (-0.07%) and Stellar’s Lumen (-0.53%) saw early red.\nBitcoin would need to move back through the morning high $8,373.1 to support a run at the first major resistance level at $8,440.60.\nSupport from the broader market would be needed, however, for Bitcoin to break back through to $8,400 levels.\nBarring a broad-based crypto rebound on the day, Bitcoin would likely fall short of $8,500 levels on the day.\nIn the event of another breakout, the second major resistance level at $8,527.5 would likely cap any upside.\nFailure to move back through the morning high $8,373.1 could see Bitcoin fall back into the red.\nA fall back through to sub-$8,360 levels would bring the first major support level at $8,273.4 into play.\nBarring a crypto meltdown, however, the 23.6% FIB of $8,200 should limit any downside on the day.\nThisarticlewas originally posted on FX Empire\n• EUR/USD Forex Technical Analysis – Taking Out 1.1017 Puts Forex Pair on Weak Side of Key Retracement Zone\n• E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – First Downside Target 8982.50 – 8910.75\n• USD/JPY Forex Technical Analysis – Looking for Early Test of 108.971 to 108.421\n• Gold Price Prediction – Prices Push Higher as Market Focuses on Coronovirus\n• Natural Gas Price Prediction – Prices Fall and Drop 5.7% for the Week\n• E-mini S&P 500 Index (ES) Futures Technical Analysis – Headed into 3259.25 to 3240.75 Retracement Zone', 'Bitcoin fell by 1.11% on Saturday. Reversing a 0.52 gain from Saturday, Bitcoin ended the day at $8,353.7. A particularly bearish start to the day saw Bitcoin slide from an intraday high $8,447.2 to an early morning intraday low $8,280.0. Falling short of the major resistance levels, Bitcoin fell through the first major support level at $8,287.73. Finding support through the afternoon, Bitcoin recovered to $8,400 levels before sliding back to $8,300 levels. The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, supported by this week’s pullback. For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the top 10 cryptos, it was a bearish day for the majors. Cardano’s ADA and EOS led the way down, with losses of 3.85% and 3.68% respectively. Bitcoin Cash ABC (-1.29%), Bitcoin Cash SV (-1.29%), Ethereum (-1.35%), Litecoin (-2.04%), Ripple’s XRP (-1.25%), and Stellar’s Lumen (-1.05%) also struggled. Binance Coin (-0.94%), Monero’s XMR (-0.05%), and Tron’s TRX (-0.61%) saw relatively modest losses on the day. For the current week, it’s been a mixed week, however. Bitcoin Cash ABC (-8.84%), Bitcoin Cash SV (-7.18%), Litecoin (-7.51%), Monero’s XMR (-5.88%), Ripple’s XRP (-6.67%), and Stellar’s Lumen (-6.49%) saw heavy losses. Binance Coin (-2.65%), EOS (-3.22%), Ethereum (-3.98%), and Tron’s TRX (-2.65%) saw relatively modest losses, Monday through Saturday. Cardano’s ADA bucked the trend, however, gaining 2.69% in spite of Saturday’s pullback. Through the current week, the crypto total market cap rose from a Monday low $234.19 to a Wednesday high $243.39bn. The 2 nd half of the week sell-off saw the total market cap fall to a Friday current week low $226.29bn. At the time of writing, the total market cap stood at $230.34bn. Story continues Bitcoin’s dominance held onto 66% levels with the broader market seeing heavier losses in the week. On Monday, 24-hour trading volumes had hit $122bn levels before falling back to sub-$80bn levels. At the time of writing, 24-hr volumes stood at $72.28bn. This Morning At the time of writing, Bitcoin was up by 0.19% to $8,369.7. A bearish start to the day saw Bitcoin slide to an early morning low $8,301.0 before striking a high $8,373.1. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day for the crypto majors. EOS led the way, rising by 1.29%, while Monero’s XMR (-0.07%) and Stellar’s Lumen (-0.53%) saw early red. For the Bitcoin Day Ahead Bitcoin would need to move back through the morning high $8,373.1 to support a run at the first major resistance level at $8,440.60. Support from the broader market would be needed, however, for Bitcoin to break back through to $8,400 levels. Barring a broad-based crypto rebound on the day, Bitcoin would likely fall short of $8,500 levels on the day. In the event of another breakout, the second major resistance level at $8,527.5 would likely cap any upside. Failure to move back through the morning high $8,373.1 could see Bitcoin fall back into the red. A fall back through to sub-$8,360 levels would bring the first major support level at $8,273.4 into play. Barring a crypto meltdown, however, the 23.6% FIB of $8,200 should limit any downside on the day. This article was originally posted on FX Empire More From FXEMPIRE: EUR/USD Forex Technical Analysis – Taking Out 1.1017 Puts Forex Pair on Weak Side of Key Retracement Zone E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – First Downside Target 8982.50 – 8910.75 USD/JPY Forex Technical Analysis – Looking for Early Test of 108.971 to 108.421 Gold Price Prediction – Prices Push Higher as Market Focuses on Coronovirus Natural Gas Price Prediction – Prices Fall and Drop 5.7% for the Week E-mini S&P 500 Index (ES) Futures Technical Analysis – Headed into 3259.25 to 3240.75 Retracement Zone', '[Editor\x92s Note: The following originally appeared on FactSet.com . Elisabeth Kashner is director of ETF research and analytics for FactSet.] The top ETF story of 2019 isn\x92t nontransparent active, ESG or marijuana. It\x92s not commission-free trading or the Schwab-TD tie-up. It\x92s the relentless demand for super-low-cost ETFs. Investor appetite for ever-cheaper ETFs is driving flows and shaping asset growth. Investors are demanding low-cost funds across every strategy group in equity, fixed income and even commodities. That includes actively managed ETFs, ESG and smart beta. Asset managers are adapting, but are they moving fast enough? Those currently queuing to enter the ETF business should pay close attention to ETF pricing, especially in ESG and active management. Fee Cuts Fee compression saves investors money but creates challenges for fund issuers. Compression came by way of fee cuts and via asset transfer to lower-cost products. 2019 fee cuts returned $95 million to investors over the course of the year. Fee cuts outnumbered hikes by a factor of seven. ETF issuers dropped expenses for funds containing 31.5% of assets over the course of 2019. Fee hikes were scarce, covering just 4.1% of ETF assets. New investors and those who sold expensive ETFs in favor of cheaper alternatives benefited too, as their overall costs dropped. A look at the top ETFs by net flows tells the story. Six of the top 10 ETFs saw a fee drop this past year. Net Flows: Top 10 ETFs Of 2019 Name 2019 Flows ($B) Cost 2018 Cost 2019 Vanguard Total Stock Market ETF 15.68 0.04% 0.03% Vanguard S&P 500 ETF 12.80 0.04% 0.03% iShares Edge MSCI Min Vol U.S.A. ETF 12.66 0.15% 0.15% iShares Core MSCI EAFE ETF 11.38 0.08% 0.07% Vanguard Total International Bond ETF 11.09 0.11% 0.09% Vanguard Total Bond Market ETF 9.72 0.05% 0.04% iShares Core U.S. Aggregate Bond ETF 9.02 0.05% 0.05% iShares Core S&P 500 ETF 9.00 0.04% 0.04% iShares MBS ETF 8.30 0.09% 0.06% iShares U.S. Treasury Bond ETF 8.28 0.15% 0.15% Source: FactSet Story continues All but two of the top-flows ETFs ended 2019 with expense ratios at 0.10% or **Last 60 Days of Bitcoin's Closing Prices:** [7531.66, 7463.11, 7761.24, 7569.63, 7424.29, 7321.99, 7320.15, 7252.03, 7448.31, 7547.00, 7556.24, 7564.35, 7400.90, 7278.12, 7217.43, 7243.13, 7269.68, 7124.67, 7152.30, 6932.48, 6640.52, 7276.80, 7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-01-26 **Financial & Commodity Data:** - Gold Closing Price: $1571.10 - Crude Oil Closing Price: $54.19 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.42 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Happy New Year! It's been another wild and wacky ride of a year in the tech world: breakthroughs and disgraces, triumphs and catastrophes, cryptocurrencies and starships, the ongoing rise of utopian clean energy and dystopian cyberpunk societies and, most of all, the ongoing weirding of the whole wide world. In other words, it was another perfect year for The Jons, the annual award that celebrates dubious tech-related achievements, named, in an awe-inspiring fit of humility, after myself. We've got quite a lineup for you this year, folks. So let’s get to it! With very little further ado, I give you: the fifth annual Jon Awards for Dubious Technical Achievement! ( The Jons 2015 ) ( The Jons 2016 ) ( The Jons 2017 ) ( The Jons 2018 ) THE CATLIKE FINANCIAL REFLEXES AWARD FOR LANDING ON YOUR FEET AFTER UNMITIGATED DISASTER To Adam Neumann, who presided over the spectacular rise and even more spectacular fall from grace of WeWork, which proudly launched its proposed IPO this year and promptly saw most of its valuation (and its cash) disintegrate in a sea of eyebrow-raising stories about delusional irresponsibility and the harsh realities of actual business. However, give Neumann credit: stories may have made him sound like a pot-smoking surfer dude who lived in a hallucinatory fantasyland, but -- unlike his employees, whose dreams of IPO wealth were suddenly and completely shattered -- he managed to walk away from the business he drove nearly into the ground with a reported $1.7 billion windfall . THE EVERYBODY'S BEST FRIEND AWARD FOR INSPIRING NOSEBLEED VALUATIONS AND ASPIRATIONAL POSTERS EVERYWHERE To Masayoshi Son, whose widely announced dreams of a $108 billion Vision Fund II turned into the relative nightmare of something " far smaller " -- but still has his surreal, dreamlike slide decks to fall back on. After all, " SoftBank works to comfort people in their sorrow ." THE WE MAY AS WELL JUST GIVE HIM A LIFETIME ACHIEVEMENT AWARD FOR ELON DOING HIS ELON THING To -- obviously -- Elon Musk, who actually had a really good year: Tesla stock got " so high " it brushed the price at which he previously announced he would take it private (he didn't); SpaceX launched Starlink, a " very big deal "; and he was acquitted of defamation for calling a complete stranger a pedophile on Twitter. OK, so he also announced Starship should reach orbit by this coming March , and smashed the Cybertruck's allegedly unbreakable windows onstage at its unveiling , but still, a good year! See you in 2020, Elon. Story continues THE IF AT FIRST YOU DON'T CONVINCE, TELL AN EVEN MORE RIDICULOUS TALE AWARD FOR RISIBLE SATOSHI NAKAMOTO CLAIMS To Craig Wright, who has long claimed in the face of mocking industrywide disbelief to be Satoshi Nakamoto, the creator of Bitcoin, and especially for his claims that, now work with me here, the keys to 1 million of Satoshi's bitcoin were put in a "Tulip Trust" by a long-deceased collaborator and will be delivered to him by a "bonded courier" on January 1, 2020, i.e. a few days from now. The judge he told this to was, unsurprisingly, spectacularly unconvinced , saying “Dr. Wright’s demeanor did not impress me as someone who was telling the truth," and also reproached him for his "willful and bad faith pattern of obstructive behavior." You don't say. THE DEAD MEN TELL NO TALES, BUT ONLY IF THEY'RE ACTUALLY DEAD AWARD FOR LEAVING A TRAIL OF CRYPTOCURRENCY CHAOS IN ONE'S WAKE To my fellow Canadian Gerald William Cotten, the founder of QuadrigaCX, who apparently stole and/or lost essentially all of his customers' money, spending much of it on "luxury goods and real estate," before his death in Mumbai last year. "But Jon," you say, "how does this quality for a 2019 Jon Award?" Because the many thousands who lost money are now demanding an exhumation to determine that the body in Cotten's grave is, in fact, Cotten. As for the surviving founder, he's "a reported ex-con who served 18 months in a federal U.S. prison for identity theft, bank fraud and credit card fraud." Is this the end of this crazy story ? ...Well, probably yes . But in the world of cryptocurrencies, which reliably gives us the most jawdropping Jons, who can say for sure? THE I'VE SEEN THE FUTURE BABY AND IT'S PRETTY CRAZY AWARD FOR EPITOMIZING OUR CYBERPUNK PRESENT To Lil Nas X, a previously unknown queer black American teenager who made a country-trap song with a beat he purchased for $30 from a Dutch producer, which sampled an obscure Nine Inch Nails deep cut; recorded it in less than an hour for $20 ; crafted a hundred memes to publicize it on a new Chinese-owned video-snippet social network until it went viral courtesy of a Yeehaw Challenge meme; then saw it hit first country and then crossover success, and become the longest-reigning Billboard No. 1 single of all time . Does it even get more postmodern cyberpunk than that? Lil Nas X, this is your world (well, and Billie Eilish's) -- we just live in it. THE POWER TO DRIVE BABY BOOMERS COMPLETELY MAD AWARD FOR BEING SENSIBLY UPSET ABOUT THINGS To Greta Thunberg, another teenager, who is an angry advocate of doing something about climate change and for some reason frequently drives a whole lot of apparently lucid people, as well as the president of the United States, completely insane , prompting them to level ludicrous and deeply weird attacks at a sixteen-year-old autistic girl. It is truly mystifying, and yet revelatory. Maybe they're just upset that she's so good at Twitter ? THE SOMEONE MUST BE TO BLAME, THIS IS SOMEONE, THEY MUST BE TO BLAME AWARD FOR LASHING OUT IN THE WRONG DIRECTIONS To the mass media, for the techlash: the backlash against tech in which they blame the tech industry not only for its actual sins and problems, which are admittedly not hard to find, but also for essentially everything that is wrong with the world's political and financial systems. Politics is somehow the fault of Facebook, rather than venal politicians and their ability to manipulate, er, the mass media like a Stradivarius . Inequality is somehow the fault of the tech industry, rather than City / Wall Street parasitism, regulatory capture and, again, the politicians who actually write the laws which enact inequality. Again, the tech industry has real problems -- but the fact that it has devoured the advertising and classifieds income that long propped up the media seems to have caused otherwise sober and thoughtful journalists to instinctively knee-jerk blame it for every ill, while letting their actual architects off lightly. Sadly I fear this one is going to be a perennial. THE WHO NEEDS HUMAN FACES OR WORDS AWARD FOR SIMULATING THE DEEP INSIGHTS OF INTERNET DISCOURSE To StyleGAN 2 and GPT-2, neural networks from Nvidia and OpenAI respectively, which generate fully convincing fake human faces, and close-enough-for-the-internet convincing fake human comment sections, respectively. I feel certain that somewhere out there on the internet, bots with StyleGAN avatars and GPT-2-sourced texts are already waging war against one another in befuddling comment sections: battles which have no end, no point and no room for any actual humanity. The more things change, eh? THE POP GOES THE IPO AWARD FOR MAKING LOCKUP PERIODS MEANINGFUL AGAIN To Slack , Lyft and Uber , all of whom went public this year and, despite being extremely high-profile tech companies, promptly saw their stock prices crater and stay there, while their most recent employees presumably saw their lockup period come and go while remaining resolutely underwater. All this while big, boring tech companies like Google and Microsoft saw their stock climb to new highs nearly every week. Maybe joining a rocket ship isn't always such a great idea after all... THE WHAT'S A FEW BILLION DOLLARS BETWEEN FRIENDS AWARD FOR JAM YESTERDAY, JAM TOMORROW BUT NEVER JAM TODAY To Ron Abovitz of Magic Leap, whose technology demos over the last decade have been, by all accounts, truly breathtaking and mind-boggling, but whose actual shipped technology, despite 10 years and nearly $3 billion in funding, has been, by all accounts, deeply disappointing. Now Magic Leap is hemorrhaging high-profile board members , signing over patents as collatoral to JP Morgan Chase while desperately trying to raise funding and it next headset is reportedly still years away from launch . But look, those demos were amazing . THE A SINGLE SACRIFICIAL LAMB FRANKLY ISN'T ENOUGH AWARD FOR A DEEP AND SYSTEMIC CATASTROPHE To Boeing and its 737 MAX debacle, in which, among numerous other stunning derelictions of fundamental engineering duties, crucial safety features were sold as profitable optional extras -- and yet it took not one but two crashes, killing hundreds, for them to admit any problems. Their CEO has resigned, but the company's failures are clearly deep and systemic rather than individual; their once famously engineer-driven corporate culture is clearly no more. Their example of the decline of American capitalism in general is almost a little too on-the-nose, but then, that's 2019 for you. Congratulations, of a sort, to all the winners of The Jons! All recipients shall receive a bobblehead of myself made up as a Blue Man, as per the image on this post, which will doubtless become coveted and increasingly valuable collectibles. (And needless to say, sometime next year they will become redeemable for JonCoin.) And, of course, all winners shall be remembered by posterity forevermore. 1 Bobbleheads shall only be distributed if and when available and convenient. The eventual existence of said bobbleheads is not guaranteed or indeed even particularly likely. Not valid on days named after Norse or Roman gods. All rights reserved, especially those rights about which we have reservations.... - Reddit Posts (Sample): [['u/Obscure_Buffalo', '(Request for Chinese fluent redditors) How is the new proposal going over in the Chinese community?', 38, '2020-01-26 01:41', 'https://www.reddit.com/r/btc/comments/etzfwd/request_for_chinese_fluent_redditors_how_is_the/', 'I am curious if the Chinese community has the same mixed emotions as r/btc in regards to the new proposal, any info from Chinese fluent redditors would be much appreciated, Thanks!', 'https://www.reddit.com/r/btc/comments/etzfwd/request_for_chinese_fluent_redditors_how_is_the/', 'etzfwd', [['u/vbuterin', 47, '2020-01-26 02:02', 'https://www.reddit.com/r/btc/comments/etzfwd/request_for_chinese_fluent_redditors_how_is_the/ffjktyr/', 'No idea about the BCH context, but within the Ethereum context I know that the Chinese community is on average (lots of exceptions, standard disclaimers apply blah blah blah) considerably more okay with in-protocol dev funds than the US/EU community.', 'etzfwd'], ['u/Obscure_Buffalo', 15, '2020-01-26 02:05', 'https://www.reddit.com/r/btc/comments/etzfwd/request_for_chinese_fluent_redditors_how_is_the/ffjl411/', 'Honestly Im kinda guessing the culture there may be more inclined toward the situation, thanks for chiming in', 'etzfwd'], ['u/ShadowOfHarbringer', 17, '2020-01-26 02:58', 'https://www.reddit.com/r/btc/comments/etzfwd/request_for_chinese_fluent_redditors_how_is_the/ffjpuru/', 'PSA - Warning: Core Shill /u/psychedelicbart in parent comment.', 'etzfwd'], ['u/deadalnix', 15, '2020-01-26 03:37', 'https://www.reddit.com/r/btc/comments/etzfwd/request_for_chinese_fluent_redditors_how_is_the/ffjt4sw/', 'I can confirm.', 'etzfwd'], ['u/peter1234684', 14, '2020-01-26 04:24', 'https://www.reddit.com/r/btc/comments/etzfwd/request_for_chinese_fluent_redditors_how_is_the/ffjwqis/', 'I come from Chinese bch community,more than 90% Chinese bch investors in wechat group and weibo welcome the proposal,they think we must be stronger enough before pursuing unimportant decentraliztion. Or you can see top 10 cryoto on CMC,which is more decentralized than bch, maybe only Ltc. We need bch community leaders to lead us, not someone debating around doing nothing even without having one bch, it’s only six month plan, we should have the courage to make and learn from mistakes', 'etzfwd'], ['u/vbuterin', 10, '2020-01-26 09:24', 'https://www.reddit.com/r/btc/comments/etzfwd/request_for_chinese_fluent_redditors_how_is_the/ffkqf73/', "I mean, \\*I\\* think that in an ideal world BCH, BTC and that other one would all switch to proof of stake. It's certainly outside the Overton window here and now but I could see that changing 5-10 years in the future when most other coins are on PoS and are running smoothly.", 'etzfwd']]], ['u/brianjenkins94', 'A probably, mostly correct list of all games that Sips has played live.', 231, '2020-01-26 02:00', 'https://www.reddit.com/r/sips/comments/etzohy/a_probably_mostly_correct_list_of_all_games_that/', "- [7 Billion Humans](https://www.youtube.com/watch?v=SLNX0IV_92c)\n- [A Way Out](https://www.youtube.com/watch?v=GYKtjGvFbj0)\n- [Academia: School Simulator](https://www.youtube.com/watch?v=cVRaTWfp2po) (An Evening With)\n- [Agar.io](https://www.youtube.com/watch?v=d1_OJ5lLBqM)\n- [Age of Wonders: Planetfall](https://www.youtube.com/watch?v=yVaR8UcYWJI)\n- [Airport CEO](https://www.youtube.com/watch?v=3ZjZ-oUMAWM) ([An Evening With](https://www.youtube.com/watch?v=pkCehEP6NXQ))\n- [Airport Simulator 2014](https://www.youtube.com/watch?v=k-uLCpF3TPc) (An Evening With)\n- [Albion Online](https://www.youtube.com/watch?v=BgTdSSQOs34) (Highlights [#1](https://www.youtube.com/watch?v=HopBqaqQaC8))\n- [Amnesia: The Dark Descent](https://www.youtube.com/watch?v=EYskNwmdyu4)\n- [And Yet It Moves](https://www.youtube.com/watch?v=eNCwCvaN3O4) (An Evening With)\n- [Anki DRIVE Battle Grand Prix](https://www.youtube.com/watch?v=xXX7zwXu4KY)\n- [Anno 1800](https://www.youtube.com/watch?v=-4xVNKsROWA)\n- [Apex Legends](https://www.youtube.com/watch?v=IdczD9O9JoM)\n- [Astroneer](https://www.youtube.com/watch?v=XD3PiOqp_xo) ([An Evening With](https://www.youtube.com/watch?v=i3IfyB8s4I0))\n- [Atom Zombie Smasher](https://www.youtube.com/watch?v=3wPxnyb-Q7A)\n- [Autobahn Police Simulator](https://www.youtube.com/watch?v=qaCESH_nMiM)\n- [Automachef](https://www.youtube.com/watch?v=rnCYPCmebDQ)\n- [Aven Colony](https://www.youtube.com/watch?v=obG0ApLotGc)\n- [Bad Rats: the Rats' Revenge](https://www.youtube.com/watch?v=Rp1GpFaFoXw) (An Evening With)\n- [Banished](https://www.youtube.com/watch?v=k65zADoy4JQ)\n- [Basement](https://www.youtube.com/watch?v=parOqh8eZd0) (An Evening With)\n- [Batman: Arkham Asylum](https://www.youtube.com/watch?v=XdtG9E0FPws) (An Evening With)\n- [Batman: Arkham Knight](https://www.youtube.com/watch?v=SE8hBEtYEsw) (Highlights [#1](https://www.youtube.com/watch?v=SjCjuLJvsXE), [#2](https://www.youtube.com/watch?v=tJ1aXKsVWKQ), [#3](https://www.youtube.com/watch?v=MX4vNjO1fcI), [#4](https://www.youtube.com/watch?v=6szj8tXcOBM))\n- [Beat Cop](https://www.youtube.com/watch?v=03z2Ajuwzw4)\n- [Besiege](https://www.youtube.com/watch?v=aihMSu-Zznk) (An Evening With)\n- [Big Pharma](https://www.youtube.com/watch?v=znSPAdmvpZE) (An Evening With)\n- [BioShock Infinite](https://www.youtube.com/watch?v=SH4qb_iuqZ8) (An Evening With)\n- [Block'hood](https://www.youtube.com/watch?v=HcH2ot3Q7o4) (An Evening With)\n- [Blood Bowl 2](https://www.youtube.com/watch?v=zNJplPawc90) ([An Evening With](https://www.youtube.com/watch?v=D8HEItO6CaQ))\n- [Bomber Crew](https://www.youtube.com/watch?v=zR-rYyGfVs8) ([An Evening With](https://www.youtube.com/watch?v=PSa3ThnqeGU))\n- [Borderlands 2](https://www.youtube.com/watch?v=Ot1G8y176-8)\n- [Borderlands 3](https://www.youtube.com/watch?v=wa090vclYp4)\n- [Bounty Train](https://www.youtube.com/watch?v=pFTELaIfrsU) (An Evening With)\n- [Bread Duck](https://www.youtube.com/watch?v=BdH99OfLmKk) (An Evening With)\n- [Breathedge](https://www.youtube.com/watch?v=Z3_7J_fxMlY)\n- [Bridge Constructor Portal](https://www.youtube.com/watch?v=wcftQcwiIhE)\n- [Broforce](https://www.youtube.com/watch?v=GAm2NMZE17A)\n- [Bully](https://www.youtube.com/watch?v=JjMOVgZvtzA) (An Evening With)\n- [Captain Forever Remix](https://www.youtube.com/watch?v=_q4dt3mQg6U) (An Evening With)\n- [Car Mechanic Simulator 2014](https://www.youtube.com/watch?v=HxQ1z2mXn8s)\n- [Car Mechanic Simulator 2018](https://www.youtube.com/watch?v=UP_I5oKc7XQ)\n- [Carried Away](https://www.youtube.com/watch?v=4DtYHiVqkPY) (An Evening With) (Series [#1](https://www.youtube.com/watch?v=6nYlty06bK0))\n- [Chivalry: Medieval Warfare](https://www.youtube.com/watch?v=VVfURRb2psk) (Series [#2](https://www.youtube.com/watch?v=H5dPshkAk_w))\n- [Choice Chamber](https://www.youtube.com/watch?v=S_cB1TqYmsE) (Highlights [#1](https://www.youtube.com/watch?v=3Yia7BHGkJA), [#2](https://www.youtube.com/watch?v=7zBOcLH3Fr0))\n- [Cities in Motion 2](https://www.youtube.com/watch?v=89v8F7SpB1A) ([An Evening With](https://www.youtube.com/watch?v=IxpPw2QIy-4))\n- [Cities: Skylines - After Dark](https://www.youtube.com/watch?v=Im6mTUFFsRs)\n- [Cities: Skylines]()\n- [Clicker Heroes](https://www.youtube.com/watch?v=bkAdShlsODo) (An Evening With)\n- [Construction Simulator](https://www.youtube.com/watch?v=dQTn3qTiSNQ) (An Evening With) (Series [#1](https://www.youtube.com/watch?v=Gmtg194gI3s))\n- [Cook, Serve, Delicious! 2](https://www.youtube.com/watch?v=hKGAjGJzacs) (An Evening With) (Series [#1](https://www.youtube.com/watch?v=1KVKeC5VSVk))\n- [Cook, Serve, Delicious!](https://www.youtube.com/watch?v=jpxuKl8wKHA) (An Evening With)\n- [Cosmonautica](https://www.youtube.com/watch?v=SrgYvc6i3U4) (An Evening With)\n- [Crayon Physics Deluxe](https://www.youtube.com/watch?v=iXTcasOc6BQ) (An Evening With)\n- [Crusader Kings II](https://www.youtube.com/watch?v=SqM38sjanic)\n- [Dad Quest](https://www.youtube.com/watch?v=zh2RvbaD1ro) (An Evening With)\n- [Dark Souls III](https://www.youtube.com/watch?v=u6TJExYqUII)\n- [Darkest Dungeon](https://www.youtube.com/watch?v=P5OTJnhfI84) (An Evening With) (Series [#1](https://www.youtube.com/watch?v=fU5QUqDi6Y0), [#2](https://www.youtube.com/watch?v=jXXor-l2mTM))\n- [Day of the Tentacle](https://www.youtube.com/watch?v=XAfbm-njvXA)\n- [DayZ](https://www.youtube.com/watch?v=Kb9efngNDGk)\n- [Dead Island](https://www.youtube.com/watch?v=9L7dOyx38AE)\n- [Deadly Premonition](https://www.youtube.com/watch?v=16aKFBOGJKg) (An Evening With)\n- [Death Road to Canada](https://www.youtube.com/watch?v=7-u9piVthdA) (An Evening With)\n- [Defcon](https://www.youtube.com/watch?v=gPONyM9pSvY)\n- [Democracy 3](https://www.youtube.com/watch?v=zzNfoCOFRKI)\n- [Demolition Inc.](https://www.youtube.com/watch?v=FsW8HevwT2A) (An Evening With)\n- [Despotism 3k](https://www.youtube.com/watch?v=WspZH4vQHs8)\n- [Destiny 2](https://www.youtube.com/watch?v=PXJJ68msYWw)\n- [Detention](https://www.youtube.com/watch?v=7IyRWWsmpns) (An Evening With)\n- [Diablo III](https://www.youtube.com/watch?v=p4_ZjXKauCo)\n- [Dig-N-Rig](https://www.youtube.com/watch?v=BCqgsI1jamM)\n- [Dishonored 2](https://www.youtube.com/watch?v=k_dB23ZCYBU) (An Evening With) (Series [#1](https://www.youtube.com/watch?v=FE-UHrBY8vY))\n- [Dishonored](https://www.youtube.com/watch?v=t87iEQOGH34)\n- [Domina](https://www.youtube.com/watch?v=DstMBhzI5_U)\n- [Don't Shit Your Pants](https://www.youtube.com/watch?v=rMIExMVhuHs)\n- [Don't Starve Together](https://www.youtube.com/watch?v=B3-t76SRvrI) (Series [#2](https://www.youtube.com/watch?v=Ijha0RSZVsU))\n- [Don't Starve: Hamlet](https://www.youtube.com/watch?v=HEa3ixOHqaU) (Highlights [#1](https://www.youtube.com/watch?v=smilOeVHi0c), [#2](https://www.youtube.com/watch?v=oXlHMLWhOTQ))\n- [Don't Starve]()\n- [Donut County](https://www.youtube.com/watch?v=pWYqhc_SsQ4)\n- [Door Kickers](https://www.youtube.com/watch?v=lI5GQTQQiLg) (An Evening With)\n- [Dota 2 (Auto Chess)](https://www.youtube.com/watch?v=VR6zGXYKBUg)\n- [Dota 2](https://www.youtube.com/watch... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Bitcoin rose by 3.21% on Sunday. Reversing a 1.11% fall from Saturday, Bitcoin ended the week down by 0.89% to $8.621.5. A bearish start to the day saw Bitcoin fall to an early morning intraday low $8,301.0 before making a move. Steering clear of the first major support level at $8,273.4, Bitcoin rallied to a late afternoon intraday high $8,631.6. Bitcoin broke through the first major resistance level at $8,440.60 and the second major resistance level at $8,527.50. Falling short of the third major resistance level at $8,694.70, Bitcoin eased back to sub-$8,600 levels late on. In spite of the pullback, Bitcoin held above the second major resistance level, supporting a move back through to $8,600 levels. The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, supported by last week’s pullback. For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the top 10 cryptos, it was a bullish day for the majors. Bitcoin Cash ABC (+12.44%), Litecoin (+5.51%), and Ripple’s XPR (+5.51%) led the way. Bitcoin Cash SV (+4.80%), EOS (+4.43%), Ethereum (+4.59), Stellar’s Lumen (+4.18%), and Tron’s TRX (+4.32%) also saw sold gains. Binance Coin (+3.31%), Cardano’s ADA (+3.64%), and Monero’s XMR (+3.58%) trailed the pack. It was a mixed week for the majors, however, following Sunday’s gains. Binance Coin (+0.46%), Bitcoin Cash ABC (+1.69%), Cardano’s ADA (+6.31%), EOS (+1.04%), Ethereum (+0.36%), and Tron’s TRX (+1.01%) ended the week in the green. It was bearish for the rest of the pack, however. Bitcoin Cash SV (-2.94%), Monero’s XMR (-2.81%), Litecoin (-2.54%), and Stellar’s Lumen (-2.84%) led the way down. Ripple’s XRP saw a more modest 1.64% loss for the week. Through the week, the crypto total market cap rose from a Monday low $234.19 to a Wednesday high $243.39bn. The 2 nd half of the week sell-off saw the total market cap fall to a Friday low $226.29bn before Sunday’s rally. At the time of writing, the total market cap stood at $240.11bn. Story continues Bitcoin’s dominance fell back to 65% levels after a mixed week for the majors that saw Bitcoin in the red. Trading volumes picked up to $83bn levels on Sunday. On Monday, volumes had hit $122bn levels before falling back to sub-$80bn levels. At the time of writing, 24-hr volumes stood at $87.26bn. This Morning At the time of writing, Bitcoin was up by 0.58% to $8,671.4. A bullish start to the day saw Bitcoin rise from an early morning low $8,621.5 to a high $8,708.1. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Bitcoin Cash ABC (+3.65%), EOS (+3.47%), and Bitcoin Cash SV (+3.15%) led the way early. Ripple’s XRP bucked the trend, falling by 0.48% at the time of writing. For the Bitcoin Day Ahead Bitcoin would need to move back through to $8,700 levels to support a run at the first major resistance level at $8,735.07. Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $8,708.1. Barring an extended crypto rally, resistance at $8,700 would likely limit any upside on the day. In the event of another breakout, the second major resistance level at $8,848.63 would likely cap any upside. Failure to move back through $8,700 levels could see Bitcoin hit reverse. A fall through the morning low $8,621.5 to sub-$8,520 levels would bring the first major support level at $8,404.47 into play. Barring a broad-based crypto sell-off, however, Bitcoin should steer clear of sub-$8,500 levels on the day. This article was originally posted on FX Empire More From FXEMPIRE: The Crypto Daily – Movers and Shakers – 26/01/20 EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 26/01/20 Asia Update: A Risk-Off Sprint For The Exits USD/JPY Fundamental Weekly Forecast – Likely to Plunge on Coronavirus Fears Natural Gas Price Fundamental Weekly Forecast – Not Much in Forecasts to Suggest Return of Cold Temps Fed Expected to Hold Borrowing Costs Steady for Months', 'Bitcoin rose by 3.21% on Sunday. Reversing a 1.11% fall from Saturday, Bitcoin ended the week down by 0.89% to $8.621.5.\nA bearish start to the day saw Bitcoin fall to an early morning intraday low $8,301.0 before making a move.\nSteering clear of the first major support level at $8,273.4, Bitcoin rallied to a late afternoon intraday high $8,631.6.\nBitcoin broke through the first major resistance level at $8,440.60 and the second major resistance level at $8,527.50.\nFalling short of the third major resistance level at $8,694.70, Bitcoin eased back to sub-$8,600 levels late on.\nIn spite of the pullback, Bitcoin held above the second major resistance level, supporting a move back through to $8,600 levels.\nThe near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, supported by last week’s pullback.\nFor the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.\nAcross the rest of the top 10 cryptos, it was a bullish day for the majors.\nBitcoin Cash ABC (+12.44%), Litecoin (+5.51%), and Ripple’s XPR (+5.51%) led the way.\nBitcoin Cash SV (+4.80%), EOS (+4.43%), Ethereum (+4.59), Stellar’s Lumen (+4.18%), and Tron’s TRX (+4.32%) also saw sold gains.\nBinance Coin (+3.31%), Cardano’s ADA (+3.64%), and Monero’s XMR (+3.58%) trailed the pack.\nIt was a mixed week for the majors, however, following Sunday’s gains.\nBinance Coin (+0.46%), Bitcoin Cash ABC (+1.69%), Cardano’s ADA (+6.31%), EOS (+1.04%), Ethereum (+0.36%), and Tron’s TRX (+1.01%) ended the week in the green.\nIt was bearish for the rest of the pack, however.\nBitcoin Cash SV (-2.94%), Monero’s XMR (-2.81%), Litecoin (-2.54%), and Stellar’s Lumen (-2.84%) led the way down.\nRipple’s XRP saw a more modest 1.64% loss for the week.\nThrough the week, the crypto total market cap rose from a Monday low $234.19 to a Wednesday high $243.39bn. The 2ndhalf of the week sell-off saw the total market cap fall to a Friday low $226.29bn before Sunday’s rally. At the time of writing, the total market cap stood at $240.11bn.\nBitcoin’s dominance fell back to 65% levels after a mixed week for the majors that saw Bitcoin in the red.\nTrading volumes picked up to $83bn levels on Sunday. On Monday, volumes had hit $122bn levels before falling back to sub-$80bn levels. At the time of writing, 24-hr volumes stood at $87.26bn.\nAt the time of writing, Bitcoin was up by 0.58% to $8,671.4. A bullish start to the day saw Bitcoin rise from an early morning low $8,621.5 to a high $8,708.1.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nBitcoin Cash ABC (+3.65%), EOS (+3.47%), and Bitcoin Cash SV (+3.15%) led the way early.\nRipple’s XRP bucked the trend, falling by 0.48% at the time of writing.\nBitcoin would need to move back through to $8,700 levels to support a run at the first major resistance level at $8,735.07.\nSupport from the broader market would be needed, however, for Bitcoin to break out from the morning high $8,708.1.\nBarring an extended crypto rally, resistance at $8,700 would likely limit any upside on the day.\nIn the event of another breakout, the second major resistance level at $8,848.63 would likely cap any upside.\nFailure to move back through $8,700 levels could see Bitcoin hit reverse.\nA fall through the morning low $8,621.5 to sub-$8,520 levels would bring the first major support level at $8,404.47 into play.\nBarring a broad-based crypto sell-off, however, Bitcoin should steer clear of sub-$8,500 levels on the day.\nThisarticlewas originally posted on FX Empire\n• The Crypto Daily – Movers and Shakers – 26/01/20\n• EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 26/01/20\n• Asia Update: A Risk-Off Sprint For The Exits\n• USD/JPY Fundamental Weekly Forecast – Likely to Plunge on Coronavirus Fears\n• Natural Gas Price Fundamental Weekly Forecast – Not Much in Forecasts to Suggest Return of Cold Temps\n• Fed Expected to Hold Borrowing Costs Steady for Months', 'Jason Wu had to cancel a dozen meetings with his crypto clients in China after the coronavirus epidemic broke out this month.\n“We planned a 10-city tour to talk with potential clients in China,” Wu, the CEO and founder of non-custodial crypto lender DeFiner, said. “Nobody wants to attend any crypto-related conferences or any meetings at all because of the virus. We have to rearrange everything.”\nSince the first patient was identified on Dec. 8 in Wuhan, the capital of Hubei province in central China, the virus hasclaimed 80 lives. There were nearly 2,000 confirmed cases as well as 10 cases abroad, including five in the U.S. as of Sunday evening.\nRelated:Bitcoin Eyes $8.8K After Largely Erasing Last Week’s Dip\nGiven China’s status as a crypto investment hub – it has the most exchanges in the Asia-Pacific region, which in turn has 40 percent of the world’s top 50,according to research firm Chainalysis– professionals like Wu are concerned, to varying degrees, about coronavirus’ potential disruption of business and the impact on prices.\nWu said marketing events are crucial for underground crypto investment firms in China to raise money and invest in digital assets, and they are likely to slow down due to the virus.\n“The market might take a heavy blow if the money stops flowing into these crypto asset classes as it usually did before,” Wu said.\nWhile Wu could not estimate how much money Chinese investment has brought into the crypto market, he cited PlusToken, one of the largest illicit crypto firms, as an example.\nRelated:Bitcoin’s Halving Captures Growing Interest – Among Google Searchers\nThe defunct company gained its notoriety among Chinese crypto holders by raising over $3 billion through a Ponzi scheme. Itattracted789,000 ether, 26 million EOS and 200,000 bitcoins, which is equal to one percent of the outstanding suppl **Last 60 Days of Bitcoin's Closing Prices:** [7463.11, 7761.24, 7569.63, 7424.29, 7321.99, 7320.15, 7252.03, 7448.31, 7547.00, 7556.24, 7564.35, 7400.90, 7278.12, 7217.43, 7243.13, 7269.68, 7124.67, 7152.30, 6932.48, 6640.52, 7276.80, 7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-01-27 **Financial & Commodity Data:** - Gold Closing Price: $1576.80 - Crude Oil Closing Price: $53.14 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.50 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Litecoin (LTC) has recovered impressively over the past four days following last weekend’s nervous descent to $43. It has now risen by more than 11% since November 24, with price currently residing at around $48.39. The next key level for Litecoin is the psychological level of support at $50, which was a bitter point of resistance in March and a key level of support in October. It’s been a difficult year for Litecoin traders, with the world’s sixth-largest cryptocurrency down by more than 55% since the highly anticipated halving and 67% from yearly highs. If price gets rejected at the $50 level, Litecoin can be expected to fall back down to the $39 and $27 levels of support, which coincidentally is where it dropped to this time last year. From a bullish perspective, if Litecoin can spur a rally above $50 this weekend, it will likely test $53 before attempting to break out above the daily 100 exponential moving average at $62. The market cap of Litecoin has lost a staggering $4.5 billion since June’s high of $145. It now stands at $3 billion, which is $1 billion less than both Bitcoin Cash and Bitfinex’s controversial stablecoin Tether. For more news, guides, and cryptocurrency analysis, click here . The post Litecoin set to buck bear market trend with breakout above $50 appeared first on Coin Rivet .... - Reddit Posts (Sample): [['u/Marcus477', 'Is anyone here investing in bitcoin?', 10, '2020-01-27 02:04', 'https://www.reddit.com/r/UKPersonalFinance/comments/eugbej/is_anyone_here_investing_in_bitcoin/', 'Vanguard, LISAs and pensions obviously get a lot of publicity around here and for good reason. But I was just wondering if anyone had any investments in bitcoin, as in buying it and holding in a digital wallet and not trading it on the stock market\n\nWondered what people thought of it as a small side investment in the long term?', 'https://www.reddit.com/r/UKPersonalFinance/comments/eugbej/is_anyone_here_investing_in_bitcoin/', 'eugbej', [['u/Rea1Acid', 13, '2020-01-27 02:14', 'https://www.reddit.com/r/UKPersonalFinance/comments/eugbej/is_anyone_here_investing_in_bitcoin/ffp6rf8/', 'It’s pure speculation, as there is no fundamental or quantitive analysis you can really do before purchasing BITCOIN it is a massive gamble.\n\n\nTreat it the same way as gambling; it may go up, it may go down, inevitably it is a real win or lose type play.', 'eugbej'], ['u/JN324', 21, '2020-01-27 04:03', 'https://www.reddit.com/r/UKPersonalFinance/comments/eugbej/is_anyone_here_investing_in_bitcoin/ffpg4vm/', 'You can’t invest in commodities or currencies, you can only speculate, as it does haven’t an inherent capacity to produce value, like stocks, bonds, real estate and so on do.', 'eugbej'], ['u/ukcoolhandluke', 21, '2020-01-27 06:57', 'https://www.reddit.com/r/UKPersonalFinance/comments/eugbej/is_anyone_here_investing_in_bitcoin/ffpt1zc/', "I hold BTC. I have to agree with everyone here though, it's nothing more than speculative gambling, and I treat it as such. I sold around the 18k mark a few years ago and made some decent money, I also brought back more around the bottom levels so im now up about 100%. So for me overall it's been a good experience, even if I lost it all now I'd still be net positive from selling the top.\n\nI do watch people trade stupid amounts of money on margin with high leverage on short timeframes (1 minute/15 minute) That is next level crazy.", 'eugbej']]], ['u/MemoryDealers', 'I don’t agree with the statement in the AMA that developers will set the agenda.', 108, '2020-01-27 02:24', 'https://www.reddit.com/r/btc/comments/eugk90/i_dont_agree_with_the_statement_in_the_ama_that/', '* **I don’t agree with the statement in the AMA that developers will set the agenda.** I had hoped the development agenda would be set by profit-seeking miners who give funds to developers for the specific projects miners have decided are worth investing in. I’m worried this could easily turn into a slush-fund boondoggle for developers, a sort of universal basic income for them that gives them more leeway to turn Bitcoin Cash into science project instead of the tight leash and collar with clear success metrics it should be.\n* **I don’t agree with the statement in the AMA that most of the funds will be “general donations.”** I don’t think forking over a pot of money and then saying “figure out something useful to do” is a very smart way to get useful things done. This seems to be a recipe for the kind of money grubbing and inefficiencies you see in D.C. non-profits, public works projects, and grad-school programs. Developers have the incentive to try bloat the budget as much as possible to get as much as the common fund as they can. The money should come with very clear goals, timelines and specific financial incentives. \n\n[source](http://breakingsatoshi.com/2020/01/23/dev-funding/)', 'https://www.reddit.com/r/btc/comments/eugk90/i_dont_agree_with_the_statement_in_the_ama_that/', 'eugk90', [['u/spukkin', 13, '2020-01-27 02:47', 'https://www.reddit.com/r/btc/comments/eugk90/i_dont_agree_with_the_statement_in_the_ama_that/ffp9plq/', 'troll\n\n&amp;#x200B;\n\nedit: this debate is important, opinions need to be heard and properly discussed. trolls should be quickly tagged and mercilessly downvoted.', 'eugk90'], ['u/bolognapony234', 17, '2020-01-27 03:21', 'https://www.reddit.com/r/btc/comments/eugk90/i_dont_agree_with_the_statement_in_the_ama_that/ffpcn5j/', "I think that the community at large has been waiting for this statement, especially those of the Austrian thought process. You're my friend, though we've never met. \n\n\nWhat shall we do, do you think?", 'eugk90'], ['u/mossmoon', 16, '2020-01-27 04:04', 'https://www.reddit.com/r/btc/comments/eugk90/i_dont_agree_with_the_statement_in_the_ama_that/ffpg6ng/', "Here's how the world works outside of cryptoland: \n\n* 1/ Do the work\n* 2/ Get paid\n* 3/ Repeat\n\nFor some reason all the smartest devs writing the smartest contracts can't seem to code that into reality.", 'eugk90'], ['u/Neutral_User_Name', 24, '2020-01-27 04:16', 'https://www.reddit.com/r/btc/comments/eugk90/i_dont_agree_with_the_statement_in_the_ama_that/ffph92x/', '&gt; turn into a slush-fund boondoggle\n\nThat\'s precisly what I meant in an earlier comment, wherein I mentioned that there is no garantee it could not be spent on "blow and hookers". Or a Theymos special...\n\n&gt; The money should come with very clear goals, timelines and specific financial incentives.\n\nLighthouse, FTW.', 'eugk90'], ['u/ILoveBitcoinCash', 20, '2020-01-27 04:23', 'https://www.reddit.com/r/btc/comments/eugk90/i_dont_agree_with_the_statement_in_the_ama_that/ffphvb0/', '&gt; The money should come with very clear goals, timelines and specific financial incentives. \n\nI agree 100% , this is a complete no-brainer.', 'eugk90'], ['u/patrikr', 24, '2020-01-27 04:33', 'https://www.reddit.com/r/btc/comments/eugk90/i_dont_agree_with_the_statement_in_the_ama_that/ffpip43/', "Why are you posting these two quotes from someone else's blog post? Do you agree with the statements?", 'eugk90'], ['u/Rawlsdeep', 18, '2020-01-27 04:39', 'https://www.reddit.com/r/btc/comments/eugk90/i_dont_agree_with_the_statement_in_the_ama_that/ffpj8oj/', 'Lighthouse was around far longer than that. Mike Hearn released it for bitcoin in 2015. https://news.bitcoin.com/an-old-mike-hearn-crowdfunding-project-has-been-resurrected-lighthouse-cash/', 'eugk90'], ['u/FerriestaPatronum', 17, '2020-01-27 04:47', 'https://www.reddit.com/r/btc/comments/eugk90/i_dont_agree_with_the_statement_in_the_ama_that/ffpjy38/', 'I agree (EDIT: about the general flow/process), but I also want to include some of the additional nuances.\n\n* 1/ Asked to do the work.\n* 2/ Agree on the price/estimate.\n* 3/ Do some of the work.\n* 4/ Show some of the work to the sponsor.\n* 5/ Bill for the demo\'d work thus far.\n* 6/ When complete exit; else goto 3.\n\nThis is exactly how our sponsored work with BU was performed, and is how just about every project I\'ve ever ran works. Even in "fixed bid" agreements we form milestones to bill against to mitigate both parties from ever being at a disadvantage or at a conflict of interest.', 'eugk90'], ['u/deadalnix', 11, '2020-01-27 05:00', 'https://www.reddit.com/r/btc/comments/eugk90/i_dont_agree_with_the_statement_in_the_ama_that/ffpl13o/', "So that doesn't really cover maintenance, but for features, absolutely.", 'eugk90'], ['u/ILoveBitcoinCash', 12, '2020-01-27 05:06', 'https://www.reddit.com/r/btc/comments/eugk90/i_dont_agree_with_the_statement_in_the_ama_that/ffplg21/', "Answer: you don't need Lighthouse for that.\n\nBut Lighthouse, if done in an attractive way, would still be a very good project to have working again on BCH.\n\nRelated: https://www.reddit.com/r/btc/comments/eubjqb/bch_dev_fund_why_not_crowdfund/ffoeia9/", 'eugk90'], ['u/FerriestaPatronum', 15, '2020-01-27 05:19', 'https://www.reddit.com/r/btc/comments/eugk90/i_dont_agree_with_the_statement_in_the_ama_that/ffpmivp/', 'Right. Absolutely. I know you guys have been doing a lot of work on refactoring and updating the code, which can absolutely help improve maintainability and facilitate new features, and reduce complexity and vulnerability to bugs (like the mempool bug from a year-ish ago)--all of which is definitely time/money well spent.\n\nHowever, articulating the value of that work to stake holders can be difficult, but not impossible.\n\nImagine a "feature" request that looked like: "refactor existing code to improve the fee calculation flag/mechanism so that mempool and block fees are calculated the same way so that errors between the mempool and block template can be reduced, reducing the chance of empty blocks being created that would lose the miner transaction fees". I think all sponsors would still want to fund that "feature" even though you and I know it\'s a maintenance kind of thing.\n\n(I don\'t remember the specifics of that whole situation, so forgive me if I\'m referencing it incorrectly. I\'m just trying to conjure up a meaningful example.)', 'eugk90'], ['u/Anen-o-me', 12, '2020-01-27 05:41', 'https://www.reddit.com/r/btc/comments/eugk90/i_dont_agree_with_the_statement_in_the_ama_that/ffpo6ha/', 'This proposal by them must not be implemented. We need another way.', 'eugk90'], ['u/hashoverall', 18, '2020-01-27 06:51', 'https://www.reddit.com/r/btc/comments/eugk90/i_dont_agree_with_the_statement_in_the_ama_that/ffpspqq/', 'Roger is quoting a post by Deryk Makgill, not himself', 'eugk90'], ['u/poke_her_travis', 10, '2020-01-27 07:01', 'https://www.reddit.com/r/btc/comments/eugk90/i_dont_agree_with_the_statement_in_the_ama_that/ffpt9ep/', 'If you don\'t agree, don\'t sign on any dotted line.\n\nFrom "Hong Kong Consensus Operator\'s Manual, 2020 edition"', 'eugk90'], ['u/WippleDippleDoo', 10, '2020-01-27 07:48', 'https://www.reddit.com/r/btc/comments/eugk90/i_dont_agree_with_the_statement_in_the_ama_that/ffpvvd9/', "1.) Withdraw [Bitcoin.com](https://Bitcoin.com) from the tax supporting companies or lose me as a customer for life.\n\n2.) Check out Monero's funding model: [https://ccs.getmonero.org/](https://ccs.getmonero.org/)", 'eugk90'], ['u/damian2000', 11, '2020-01-27 08:46', 'https://www.reddit.com/r/btc/comments/eugk90/i_dont_agree_with_the_statement_in_the_ama_that/ffpynwo/', '... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80
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:** ['It’s that time again.\nThe IRS began accepting and processing tax returns for individuals on Monday.\nLast year’s filing season was an adjustment for taxpayers and industry professionals alike as it was the first under a massive overhaul of federal tax law. While this year’s season is expected to be more sedate, there are a few tweaks to be aware of.\nSTANDARD DEDUCTION\nThe standard deduction doubled under the new tax law that took effect in 2018. In turn, the number of taxpayers who took that instead of itemizing on their taxes jumped sharply. An estimated 90% of taxpayers are expected to take the deduction this year.\nWhile the standard deduction usually increases each year for inflation, it’s worth keeping the figure in mind as taxpayers adjust to the new system. Some people may still want to run through the exercise of deciding whether to itemize or not. The decision comes down to whether your deductible expenses are greater than the standard deduction. Tax preparation software or a tax professional can walk you through this with ease.\nSingle individuals now get a standard deduction of $12,200 and married individuals filing jointly qualify for a standard deduction of $24,400. Head of household individuals get a standard deduction of $18,350.\nHEALTH INSURANCE\nNew this year: There is no longer a penalty on federal taxes for not having health insurance, something that was put in place by the Affordable Care Act. However, some states may still penalize you for not having health insurance, warns Lisa Greene-Lewis, a CPA and tax expert at TurboTax.\nDIVORCE\nAnyone who got divorced after 2018 and pays alimony can no longer deduct alimony payments. And ex-spouses who receive alimony are no longer required to claim it as income. Got divorced before 2018? The old rules still apply unless you update your decree to state specifically that the new rules are reflected.\nEXTENDERS\nCongress recently passed a bill that include a few tax extenders, which renew tax provisions that had expired or were going to expire soon. Here are a handful that you may want to take note of:\n— People who are required to pay private mortgage insurance along with their mortgage can once again deduct it. Kathy Pickering, chief tax officer at H&R Block said that this represents a substantial expense for some — in the $2,500 to $4,500 range.\n— Another home-related extender: a $500 lifetime credit for making certain energy efficient improvements to your home, such as the purchase of a high efficiency furnace. While many people have already taken advantage of this in years past, Pickering said newer homeowners may want to consider if they can benefit.\n— People who suffered a foreclosure and had their debt canceled just got some relief.\nThe IRS considers that canceled debt as income and therefore subject to taxes. However, there had long been a provision that would waive this if the foreclosure was on a primary residence. Last year, that was not the case.\nThe waiver has now been reinstated and is extended retroactively, so people who had to pay tax on a canceled debt of this sort can file an amendment. Pickering says this is a provision that impacts few people but “has an extraordinary financial impact.”\n— To claim medical expenses on your taxes, the total must exceed a certain percentage of your adjusted gross income. That threshold was set to go up to 10% this year, making it harder for as many people to qualify. But the law extended the prior threshold of 7.5%.\nCRYPTOCURRENCY\nThe IRS has been trying to keep up with the popularity of cryptocurrency, such as Bitcoin. Tax experts say it’s a grey area that is slowly being clarified. But for now, cryptocurrency is generally seen as property not currency. So, anyone who trades in it faces the same tax implications as if they were trading stock.\nThe IRS said it is aware many taxpayers have improperly reported or failed to report transactions in the past. As such, it is increasing its educational efforts and criminal investigations. Additionally, all taxpayers will have to answer a question about their involvement in any virtual currency transactions. If they have received, sold, sent, exchanged or otherwise acquired any virtual currency, they must fill out a new form.\nTax experts say there may still be some confusion but suggest anyone who does trade cryptocurrency should keep close track of all their own activity to make sure they are not stepping on the wrong side of the law.\nFREE FILE\nThe IRS has long offered options for many taxpayers to file online for free, but it may be a bit easier to navigate this year.\nTaxpayers can use the IRS Free File system, which is provided by a number of tax preparation companies, if they make less than $69,000 a year.\nHowever, reporting by non-profit news organization ProPublica found that some tax preparation companies had added code to their Free File pages that hid them from search engines and diverted many users to paid products. The IRS has since updated its agreement with the tax prep industry and the companies are barred from hiding their free products.\nAdditionally, the IRS has tried to help avoid consumer confusion between the IRS Free File system and free or low-cost versions offered by the companies themselves. To make sure you are using the IRS Free File system, go to IRS.gov/freefile to review your choices.\nOther options to file for free remain intact. These include those provided by the Volunteer Income Tax Assistance Program or Tax Counseling for the Elderly, offered by AARP, as well as the IRS Free File Fillable forms, which are electronic versions of its paper forms.', 'It’s that time again. The IRS began accepting and processing tax returns for individuals on Monday. Last year’s filing season was an adjustment for taxpayers and industry professionals alike as it was the first under a massive overhaul of federal tax law. While this year’s season is expected to be more sedate, there are a few tweaks to be aware of. STANDARD DEDUCTION The standard deduction doubled under the new tax law that took effect in 2018. In turn, the number of taxpayers who took that instead of itemizing on their taxes jumped sharply. An estimated 90% of taxpayers are expected to take the deduction this year. While the standard deduction usually increases each year for inflation, it’s worth keeping the figure in mind as taxpayers adjust to the new system. Some people may still want to run through the exercise of deciding whether to itemize or not. The decision comes down to whether your deductible expenses are greater than the standard deduction. Tax preparation software or a tax professional can walk you through this with ease. Single individuals now get a standard deduction of $12,200 and married individuals filing jointly qualify for a standard deduction of $24,400. Head of household individuals get a standard deduction of $18,350. HEALTH INSURANCE New this year: There is no longer a penalty on federal taxes for not having health insurance, something that was put in place by the Affordable Care Act. However, some states may still penalize you for not having health insurance, warns Lisa Greene-Lewis, a CPA and tax expert at TurboTax. DIVORCE Anyone who got divorced after 2018 and pays alimony can no longer deduct alimony payments. And ex-spouses who receive alimony are no longer required to claim it as income. Got divorced before 2018? The old rules still apply unless you update your decree to state specifically that the new rules are reflected. EXTENDERS Congress recently passed a bill that include a few tax extenders, which renew tax provisions that had expired or were going to expire soon. Here are a handful that you may want to take note of: Story continues — People who are required to pay private mortgage insurance along with their mortgage can once again deduct it. Kathy Pickering, chief tax officer at H&R Block said that this represents a substantial expense for some — in the $2,500 to $4,500 range. — Another home-related extender: a $500 lifetime credit for making certain energy efficient improvements to your home, such as the purchase of a high efficiency furnace. While many people have already taken advantage of this in years past, Pickering said newer homeowners may want to consider if they can benefit. — People who suffered a foreclosure and had their debt canceled just got some relief. The IRS considers that canceled debt as income and therefore subject to taxes. However, there had long been a provision that would waive this if the foreclosure was on a primary residence. Last year, that was not the case. The waiver has now been reinstated and is extended retroactively, so people who had to pay tax on a canceled debt of this sort can file an amendment. Pickering says this is a provision that impacts few people but “has an extraordinary financial impact.” — To claim medical expenses on your taxes, the total must exceed a certain percentage of your adjusted gross income. That threshold was set to go up to 10% this year, making it harder for as many people to qualify. But the law extended the prior threshold of 7.5%. CRYPTOCURRENCY The IRS has been trying to keep up with the popularity of cryptocurrency, such as Bitcoin. Tax experts say it’s a grey area that is slowly being clarified. But for now, cryptocurrency is generally seen as property not currency. So, anyone who trades in it faces the same tax implications as if they were trading stock. The IRS said it is aware many taxpayers have improperly reported or failed to report transactions in the past. As such, it is increasing its educational efforts and criminal investigations. Additionally, all taxpayers will have to answer a question about their involvement in any virtual currency transactions. If they have received, sold, sent, exchanged or otherwise acquired any virtual currency, they must fill out a new form. Tax experts say there may still be some confusion but suggest anyone who does **Last 60 Days of Bitcoin's Closing Prices:** [7761.24, 7569.63, 7424.29, 7321.99, 7320.15, 7252.03, 7448.31, 7547.00, 7556.24, 7564.35, 7400.90, 7278.12, 7217.43, 7243.13, 7269.68, 7124.67, 7152.30, 6932.48, 6640.52, 7276.80, 7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-01-28 **Financial & Commodity Data:** - Gold Closing Price: $1569.20 - Crude Oil Closing Price: $53.48 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.54 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Altcoins have shown impressive spike and at the moment switched to more moderate growth. Over the last week, the total capitalization of the crypto market grew by 18% to $244bn. What is happening now is indeed often reminiscent of 2017, but the current price levels ofaltcoins are still much lower. The first to declare the beginning of the “altcoin season” faced harsh criticism. However, now it is unlikely that the critics will be so fierce. The more consistent the growth of altcoins, the fewer pessimists will be left. And when there are very few pessimists, the market usually starts to drop. We do not want to spoil the good mood of the altcoin holders, but the current growth is very likely to be speculative. Bitcoin can boast of infrastructure, institutional investors, recognizability. On the other side, recently, the market was ready to bury altcoins as a class. Speculators likely considered the moment is ideal to start buying. Another question is what levels they chose to leave the market. They are probably much lower than market participants can imagine.Crypto-enthusiasts want to believe thatBitcoinand altcoins are still capable of showing new historical highs. We are still dealing with a series of declining highs: the market participants are starting to take profits at ever lower levels. So far, this trend still alive. Another significant difference from the 2017 rally is that market participants now do not have that much time. Now bots are taking profits with clear instructions on the levels, so it is worth watching the technical indicators guided by institutional investors. This article was written byFxPro Thisarticlewas originally posted on FX Empire • EUR/USD Price Forecast – Euro Breaks Down Towards 50 Day EMA • EUR/USD Mid-Session Technical Analysis for January 17, 2020 • USD/JPY Price Forecast – US Dollar Continues To Grind Against Japanese Yen • AUD/USD Price Forecast – Australian Dollar Continues To Chop Around 200 Day EMA • AUD/USD Weekly Price Forecast – Australian Dollar Continues To Grind • S&P 500 Weekly Price Forecast – Stock Markets Continue To Power Higher... - Reddit Posts (Sample): [['u/knowtoolittle', 'LA LGBT Center Ending Free STD Testing Due to Funding Cuts', 144, '2020-01-28 00:00', 'https://www.reddit.com/r/LosAngeles/comments/euw5ig/la_lgbt_center_ending_free_std_testing_due_to/', '**Update Jan 25 11:06 AM:** \n\nThanks all for the support and calling!!! The center has reached a temporary agreement with the DPH to maintain funding til the end of March 2020. They are currently working on a long-term solution. I will definitely be calling regularly to make sure the pressure is still there. And reminder: PLEASE VOTE LOCALLY. The Los Angeles County Board of Supervisors appoints the director of DPH among many other positions so it\'s crucial that you voice your concerns through not just calling but voting! \n\nFrom [their website](https://lalgbtcenter.org/restore-vital-std-testing-and-treatment-for-the-lgbt-community):\n\n"**Starting Tuesday, January 28, the County will be responsible for ending almost all free STD testing at the Center, causing tens of thousands to go untested, undiagnosed, and untreated.** This includes eliminating thousands of free HIV tests funded by DPH.\xa0\n\nAt a time when all of us should be redoubling efforts to end these epidemics, the DPH and Dr. Ferrer are turning their backs on the LGBT community and their duty to protect the public health of all Angelenos. After the Board of Supervisors voted last year to maintain and even expand STD services to at-risk communities, DPH, under the leadership of Dr. Ferrer, now has eliminated funding for one of the largest providers of free STD testing in the County. With this changed funding approach, it fails to meet its promises and is arbitrarily transferring millions in County costs to community providers like the Center. "', 'https://www.reddit.com/r/LosAngeles/comments/euw5ig/la_lgbt_center_ending_free_std_testing_due_to/', 'euw5ig', [['u/knowtoolittle', 50, '2020-01-28 00:06', 'https://www.reddit.com/r/LosAngeles/comments/euw5ig/la_lgbt_center_ending_free_std_testing_due_to/ffruxpf/', 'This is a disturbing move on behalf of Dr. Barbara Ferrer. Please call and leave a voice mail with your Supervisor at 213-974-1411. If you don’t know your Supervisor, the person\xa0answering the phone will help you.\xa0Please call Dr. Barbara Ferrer and leave a voice mail at 213-240-8144.\n\n*Sample script: I demand that the Board of Supervisors take action to restore this life-saving funding for the LGBT\xa0community.\xa0Our community has faced the horrors of what happens when access to health care is withheld because of bigotry and stigma. This action by DPH is putting our lives at risk.*', 'euw5ig'], ['u/405freeway', 12, '2020-01-28 00:12', 'https://www.reddit.com/r/LosAngeles/comments/euw5ig/la_lgbt_center_ending_free_std_testing_due_to/ffrvh7s/', 'I just got the email. This came out of nowhere.', 'euw5ig'], ['u/VoteTurnoutNoBurnout', 39, '2020-01-28 01:25', 'https://www.reddit.com/r/LosAngeles/comments/euw5ig/la_lgbt_center_ending_free_std_testing_due_to/ffs1y5x/', "hmm, if only there was a major lgbt philanthropy group based in LA with the financial capital to provide for such funds that didn't waste such capital on NIMBYism endeavors. hmm if only\n\nEDIT: I will say it's shameful what DPH is doing but still", 'euw5ig'], ['u/Sprinklys', 32, '2020-01-28 01:34', 'https://www.reddit.com/r/LosAngeles/comments/euw5ig/la_lgbt_center_ending_free_std_testing_due_to/ffs2qot/', "Disappointing. It's so much better for the community to provide free STD clinics. Going to these places is often better than regular doctors who don't really know how to treat STD's without sending you to a specialist that will take weeks.", 'euw5ig'], ['u/InfernalWedgie', 32, '2020-01-28 02:02', 'https://www.reddit.com/r/LosAngeles/comments/euw5ig/la_lgbt_center_ending_free_std_testing_due_to/ffs52v3/', "STD and HIV testing is still available free of charge at County's Public Health Clinics.", 'euw5ig'], ['u/TheForbiddenToaster', 20, '2020-01-28 02:35', 'https://www.reddit.com/r/LosAngeles/comments/euw5ig/la_lgbt_center_ending_free_std_testing_due_to/ffs7vu9/', "Don't get me started on the fucking AHF.", 'euw5ig'], ['u/wehousewife', 21, '2020-01-28 02:38', 'https://www.reddit.com/r/LosAngeles/comments/euw5ig/la_lgbt_center_ending_free_std_testing_due_to/ffs86rt/', 'So true. The center was like a well oiled machine when it came to testing people. I really hope they resolve this quickly.', 'euw5ig'], ['u/jbiresq', 15, '2020-01-28 02:42', 'https://www.reddit.com/r/LosAngeles/comments/euw5ig/la_lgbt_center_ending_free_std_testing_due_to/ffs8iil/', "But Weinstein has to have his view of the Hollywood sign. It's of paramount importance to AIDS healthcare.", 'euw5ig'], ['u/JoeyHollywood', 13, '2020-01-28 03:18', 'https://www.reddit.com/r/LosAngeles/comments/euw5ig/la_lgbt_center_ending_free_std_testing_due_to/ffsbpwj/', 'AHF should pay for the testing, instead of throwing political zoning weight around.', 'euw5ig'], ['u/Wrongallalong', 19, '2020-01-28 04:24', 'https://www.reddit.com/r/LosAngeles/comments/euw5ig/la_lgbt_center_ending_free_std_testing_due_to/ffshj0y/', "As a straight male going to their clinic was one of the best clinic experiences I've ever had. Super impressed with this organization and hoping they get the support they need.", 'euw5ig'], ['u/blueshammer', 10, '2020-01-28 08:20', 'https://www.reddit.com/r/LosAngeles/comments/euw5ig/la_lgbt_center_ending_free_std_testing_due_to/ffsx2hy/', 'Yes. Here’s a list of free [Department of Public Health screening centers and schedules](http://publichealth.lacounty.gov/chs/Docs/ClinicSchedule.pdf).\n\nHere’s a general [map of their locations](http://publichealth.lacounty.gov/dhsp/STDClinicSchedule/2019_DPH_SexualHealthClinic(w-address)_v9.24.19.jpg).', 'euw5ig'], ['u/wehousewife', 12, '2020-01-28 10:24', 'https://www.reddit.com/r/LosAngeles/comments/euw5ig/la_lgbt_center_ending_free_std_testing_due_to/fft2fwf/', "I'm sure this isn't a surprise to anyone, but this guy is a regular in /r/The_Donald", 'euw5ig']]], ['u/BigLezHodler', "In Australia bank transfers often take up to 5 days. Just a reminder that Bitcoin isn't slow.", 46, '2020-01-28 02:16', 'https://www.reddit.com/r/Bitcoin/comments/euy4bc/in_australia_bank_transfers_often_take_up_to_5/', 'Transfers that occur on Friday often clear on Monday or Tuesday. However as was the case this weekend there was a public holiday on the Monday which delays transfers for another day.\n\n&amp;#x200B;\n\nBitcoin fixes this.', 'https://www.reddit.com/r/Bitcoin/comments/euy4bc/in_australia_bank_transfers_often_take_up_to_5/', 'euy4bc', [['u/Mark_Bear', 11, '2020-01-28 02:45', 'https://www.reddit.com/r/Bitcoin/comments/euy4bc/in_australia_bank_transfers_often_take_up_to_5/ffs8scd/', 'Credit card payments can take weeks to settle (possibility of chargebacks).', 'euy4bc']]], ['u/squiz1000', '"When you read /r/buttcoin every day but own bitcoin" [confession]', 20, '2020-01-28 02:37', 'https://www.reddit.com/r/Buttcoin/comments/euye2d/when_you_read_rbuttcoin_every_day_but_own_bitcoin/', "Is it trying to keep sane, or a sign of insanity?\n\nBeen lurking for a long while. Thanks to everyone here for the contributions! Love you all - just sold some coin - never 'believed' in it (getting to the point now where I don't feel like the guy below, but still need to finish the weld).\n\n&amp;#x200B;\n\nhttps://preview.redd.it/dz140ud88fd41.png?width=500&amp;format=png&amp;auto=webp&amp;s=25910c51334ebf64d43a959267a01fddd0b4a8e4\n\nThe crazy shit about my story is that I used my big brain to logically not do some bitcoin stuff 8 years ago (load of rubbish in my opinion then - obviously a very stupid decision in retrospect), then ended up with some by accident a couple of years ago (long story).\n\nStill was not a believer. Fast-forward a little and end up a non-believer who has some buttcoin and some sh1tcoin. The accident meant I got lucky. Made a few $. Today, I am stuck between selling the rest and FOMO.\n\nSo, my question: how many butters own btc? (or I am I an idiot alone?)", 'https://www.reddit.com/r/Buttcoin/comments/euye2d/when_you_read_rbuttcoin_every_day_but_own_bitcoin/', 'euye2d', [['u/technicallycorrect2', 21, '2020-01-28 02:39', 'https://www.reddit.com/r/Buttcoin/comments/euye2d/when_you_read_rbuttcoin_every_day_but_own_bitcoin/ffs8arn/', "this is the worst r/buttcoin post I've ever read. I think you should buy more buttcoin as penance.", 'euye2d'], ['u/AmericanScream', 14, '2020-01-28 05:13', 'https://www.reddit.com/r/Buttcoin/comments/euye2d/when_you_read_rbuttcoin_every_day_but_own_bitcoin/ffsloni/', "&gt; how many butters own btc? (or I am I an idiot alone?)\n\nMaybe not an idiot but more likely a sociopath, with a selfish idea of morality.\n\nIs there money to be made in this market? Yes.\n\nDo you, like other butters care that you're taking it from other people? No.\n\nDo you realize that what goes around comes around? And that making money this way reinforces a very unhealthy attitude towards creating equity? Probably not.\n\nSo sorry, you can't use me (and hopefully other people) to validate your unethical, idiotic behavior.\n\nIt's a goddam Ponzi scheme.", 'euye2d'], ['u/routinely_sarcastic', 13, '2020-01-28 05:49', 'https://www.reddit.com/r/Buttcoin/comments/euye2d/when_you_read_rbuttcoin_every_day_but_own_bitcoin/ffsoajr/', "yeah this is strictly a zero sum game. whatever gets extracted from it comes at the cost of some naive fool who actually believes in it. some otherwise decent but just stupid people are going to get ruined by it. and if anyone thinks stupid people deserve it, well that's just cruel and its one step down the road to making their living off of those IRS phone scams. if someone has to make their living off of entirely other's stupidity they're just a parasite.", 'euye2d'], ['u/brokensegue', 11, '2020-01-28 05:59', 'https://www.reddit.com/r/Buttcoin/comments/euye2d/when_you_read_rbuttcoin_every_day_but_own_bitcoin/ffsp0vf/', "pascal's ... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ["The amount of Bitcoin that was physically delivered in January on Bakkt has increased by 1,600% in recent weeks, according to data collated by cryptocurrency analysis firmArcane Researchand compiled by UK exchangeLuno.\nBakkt is a custodian that holds Bitcoin on behalf of Intercontinental Exchange's Bitcoin futures exchange. Since the futures have the option of being physically delivered, Bakkt is responsible for handing the movement of Bitcoin between traders.\nIt was this physical delivery that excited Bitcoiners, since the more Bitcoin that was being traded on the exchange would increase the demand for Bitcoin. This is unlike cash-settled Bitcoin futures, where payments are made in cash.\nHowever, asDecryptpointed out in November, few traders have been settling their trades in Bitcoin. At the time, just 32 Bitcoin had beent raded in both October and November—despite record-breaking trading volume.\nBakkt's growing volume hides an uncomfortable truth\nBut, there has been a sudden turnaround. So far this month, 230 Bitcoin has been physically delivered, worth $2 million. This is up from last month, when just eight Bitcoin was delivered.\nHowever, it may not last. Bakkt has already announced that it plans toroll out cash-settled Bitcoin futures, to compete with rivals CME—that alsorolled out options tradingearlier this month.\nBesides an increase in deliveries, the amount of open interest (unsettled contracts) for Bakkt's monthly futures has also grown and currently sits at $6.17 million—up 14% in the last day.\nIn the last month, Bitcoin (BTC) has climbed by more than 23% to reach a high of over $9,100, before cooling off to its current value of just over $9,000—a growth of four percent since yesterday.", "The amount of Bitcoin that was physically delivered in January on Bakkt has increased by 1,600% in recent weeks, according to data collated by cryptocurrency analysis firmArcane Researchand compiled by UK exchangeLuno.\nBakkt is a custodian that holds Bitcoin on behalf of Intercontinental Exchange's Bitcoin futures exchange. Since the futures have the option of being physically delivered, Bakkt is responsible for handing the movement of Bitcoin between traders.\nIt was this physical delivery that excited Bitcoiners, since the more Bitcoin that was being traded on the exchange would increase the demand for Bitcoin. This is unlike cash-settled Bitcoin futures, where payments are made in cash.\nHowever, asDecryptpointed out in November, few traders have been settling their trades in Bitcoin. At the time, just 32 Bitcoin had beent raded in both October and November—despite record-breaking trading volume.\nBakkt's growing volume hides an uncomfortable truth\nBut, there has been a sudden turnaround. So far this month, 230 Bitcoin has been physically delivered, worth $2 million. This is up from last month, when just eight Bitcoin was delivered.\nHowever, it may not last. Bakkt has already announced that it plans toroll out cash-settled Bitcoin futures, to compete with rivals CME—that alsorolled out options tradingearlier this month.\nBesides an increase in deliveries, the amount of open interest (unsettled contracts) for Bakkt's monthly futures has also grown and currently sits at $6.17 million—up 14% in the last day.\nIn the last month, Bitcoin (BTC) has climbed by more than 23% to reach a high of over $9,100, before cooling off to its current value of just over $9,000—a growth of four percent since yesterday.", "The amount of Bitcoin that was physically delivered in January on Bakkt has increased by 1,600% in recent weeks, according to data collated by cryptocurrency analysis firm Arcane Research and compiled by UK exchange Luno . Bakkt is a custodian that holds Bitcoin on behalf of Intercontinental Exchange's Bitcoin futures exchange. Since the futures have the option of being physically delivered, Bakkt is responsible for handing the movement of Bitcoin between traders. It was this physical delivery that excited Bitcoiners, since the more Bitcoin that was being traded on the exchange would increase the demand for Bitcoin. This is unlike cash-settled Bitcoin futures, where payments are made in cash. However, as Decrypt pointed out in November , few traders have been settling their trades in Bitcoin. At the time, just 32 Bitcoin had beent raded in both October and November—despite record-breaking trading volume. Bakkt's growing volume hides an uncomfortable truth But, there has been a sudden turnaround. So far this month, 230 Bitcoin has been physically delivered, worth $2 million. This is up from last month, when just eight Bitcoin was delivered. However, it may not last. Bakkt has already announced that it plans to roll out cash-settled Bitcoin futures , to compete with rivals CME—that also rolled out options trading earlier this month. Besides an increase in deliveries, the amount of open interest (unsettled contracts) for Bakkt's monthly futures has also grown and currently sits at $6.17 million—up 14% in the last day. Monday's Bakkt Bitcoin Monthly Futures: Traded contracts: 2150 ($20.01 million, +171%) All time high: 6601 (12/18/2019) Open interest: $6.17 million (+14%) Knowing bots, we recommend this smart trading bot: https://t.co/W8ClGYnuNn pic.twitter.com/vTdNKKtyUl — Bakkt Volume Bot (@BakktBot) January 28, 2020 In the last month, Bitcoin (BTC) has climbed by more than 23% to reach a high of over $9,100, before cooling off to its current value of just over $9,000—a growth of four percent since yesterday. View comments", 'The use of bitcoin in darknet markets, such as for buying illegal drugs, has continued to grow, according to data from Chainalysis. However, its share on such markets accounts for less than 1% of all bitcoin transactions, according to Elliptic.\nIn its new Crypto Crime Report,publishedTuesday, Chainalysis said over $600 million worth of bitcoin was spent on darknet markets during Q4 of 2019. Bitcoin’s use in legal activities, such as for trading at crypto exchanges and merchant services, however, surpassed its use on darknet markets.\nSource: Chainalysis\nChainalysis further found that bitcoin’s use on darknet markets is “less influenced” by the highs and lows of the cryptocurrency.\n“While all categories see spikes in July around the same time as a Bitcoin price surge, darknet markets exhibit a much less dramatic spike than the others,” said Chainalysis. “Looking across the entire year, darknet markets’ transaction activity remains within a much narrower volume range, suggesting that customer behavior is less influenced by changes to Bitcoin’s price.”\nLast October, The Block’s Steven Zheng alsoresearchedcryptocurrencies’ use in darknet markets and found that bitcoin remains the most widely accepted cryptocurrency on these platforms, followed by monero and litecoin. Nearly 93% of the darknet markets Zheng examined accepted bitcoin for payment.\nWhile bitcoin remains the most popular crypto for darknet activities, its share accounts for less than 1% of all bitcoin transactions, according to recently availabledatafrom blockchain analysis firm Elliptic.', 'The use of bitcoin in darknet markets, such as for buying illegal drugs, has continued to grow, according to data from Chainalysis. However, its share on such markets accounts for less than 1% of all bitcoin transactions, according to Elliptic. In its new Crypto Crime Report, published Tuesday, Chainalysis said over $600 million worth of bitcoin was spent on darknet markets during Q4 of 2019. Bitcoin\x92s use in legal activities, such as for trading at crypto exchanges and merchant services, however, surpassed its use on darknet markets. Source: Chainalysis Chainalysis further found that bitcoin\x92s use on darknet markets is \x93less influenced\x94 by the highs and lows of the cryptocurrency. \x93While all categories see spikes in July around the same time as a Bitcoin price surge, darknet markets exhibit a much less dramatic spike than the others,\x94 said Chainalysis. \x93Looking across the entire year, darknet markets\x92 transaction activity remains within a much narrower volume range, suggesting that customer behavior is less influenced by changes to Bitcoin\x92s price.\x94 Last October, The Block\x92s Steven Zheng also researched cryptocurrencies\x92 use in darknet markets and found that bitcoin remains the most widely accepted cryptocurrency on these platforms, followed by monero and litecoin. Nearly 93% of the darknet markets Zheng examined accepted bitcoin for payment. While bitcoin remains the most popular crypto for darknet activities, its share accounts for less than 1% of all bitcoin transactions, according to recently available data from blockchain analysis firm Elliptic.', 'The use of bitcoin in darknet markets, such as for buying illegal drugs, has continued to grow, according to data from Chainalysis. However, its share on such markets accounts for less than 1% of all bitcoin transactions, according to Elliptic.\nIn its new Crypto Crime Report,publishedTuesday, Chainalysis said over $600 million worth of bitcoin was spent on darknet markets during Q4 of 2019. Bitcoin’s use in legal activities, such as for trading at crypto exchanges and merchant services, however, surpassed its use on darknet markets.\nSource: Chainalysis\nChainalysis further found that bitcoin’s use on darknet markets is “less influenced” by the highs and lows of the cryptocurrency.\n“While all categories see spikes in July around the same time as a Bitcoin price surge, darknet markets exhibit a much less dramatic spike than the others,” said Chainalysis. “Looking across the entire year, darknet markets’ transaction activity remains within a much narrower volume range, suggesting that customer behavior is less influenced by changes to Bitcoin’s price.”\nLast October, The Block’s Steven Zheng alsoresearchedcryptocurrencies’ use in darknet markets and found that bitcoin remains the most widely accepted cryptocurrency on these platforms, followed by **Last 60 Days of Bitcoin's Closing Prices:** [7569.63, 7424.29, 7321.99, 7320.15, 7252.03, 7448.31, 7547.00, 7556.24, 7564.35, 7400.90, 7278.12, 7217.43, 7243.13, 7269.68, 7124.67, 7152.30, 6932.48, 6640.52, 7276.80, 7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-01-29 **Financial & Commodity Data:** - Gold Closing Price: $1569.80 - Crude Oil Closing Price: $53.33 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.57 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin fell by 0.08% on Sunday. Following on from a 0.02% decline on Saturday, Bitcoin ended the day at $7,364.6. The moves through the weekend left Bitcoin down by 0.04% for the week. A bullish start to the day saw Bitcoin rally to an early morning intraday high $7,509.9. Bitcoin broke through the first major resistance level at $7,428.77 and the second major resistance level at $7,487.73. While easing back to sub-$7,500 levels, Bitcoin held onto $7,400 levels until a late sell-off. The sell-off saw Bitcoin fall back through the major resistance levels to a late intraday low $7,315.8. Steering clear of the first major support level at $7,304.07, Bitcoin found support in the final hour to limit the downside on the day. The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, reaffirmed with Bitcoin’s slide back to sub-$7,000 levels earlier in the week. For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the top 10 cryptos, it was a mixed day for the majors. Monero’s XRM led the way, rallying by 6.03% to replace Stellar’s Lumen in the crypto top 10 (by market cap). Binance Coin (+1.74%), Bitcoin Cash SV (+1.01%), EOS (+1.14%), Ethereum (+0.87%), Litecoin (+1.36%), and Ripple’s XRP (+0.39%) also saw green. Bitcoin Cash ABC (-1.26%), Stellar’s Lumen (-0.31%), Tezos (-0.17%), and Tron’s TRX (+0.11%) joined Bitcoin in the red on the day. It was also a mixed bag for the week ending 5 th January. Monero’s XMR and Bitcoin Cash SV led the way with gains of 15.5% and 11.3% respectively. Bitcoin Cash ABC (+5.44%), Ethereum (+0.74%), and Litecoin (+0.56%) also made gains in the week. It was a bearish week for the rest of the pack, with Tezos sliding by 4.1% to lead the way down. Binance Coin (-0.21%), EOS (-0.22%), Ripple’s XRP (-1.18%), Stellar’s Lumen (-1.62%), and Tron’s TRX (-1.24%) also joined Bitcoin in the red for the week. Story continues Through the week, the crypto total market cap recovered from a Thursday low $185.26bn. A bullish start to the day on Sunday saw the market cap hit a week high $200.37bn. At the time of writing, the total market cap stood at $197.83bn. Bitcoin’s dominance continued to sit at 68% levels following relatively modest losses for the week. Trading volumes hit $90bn levels on Saturday before easing back to sub-$70bn levels. At the time of writing, volumes were at $67bn levels. This Morning At the time of writing, Bitcoin was up by 0.16% to $7,376.6. A bullish start to the day saw Bitcoin rise from an early morning low $7,358.0 to a high $7,381.2. Bitcoin left the major support and resistance levels untested early on. Elsewhere, Monero’s XMR (+0.36%), Ripple’s XRP (+0.12%), Tezos (+0.07%), and Tron’s TRX (+0.07%) also found early support. It was a bearish start for the rest, however, with Bitcoin Cash SV (-0.26%), Ethereum (-0.23%) and Stellar’s Lumen (-0.27%) leading the way down. For the Bitcoin Day Ahead Bitcoin would need to move back through to $7,390 levels to support a run at the first major resistance level at $7,477.73. Support from the broader market would be needed for Bitcoin to break back through to $7,400 levels. Barring an extended crypto rally on the day, resistance at $7,500 would likely limit any upside. Failure to move through to $7,390 levels could see Bitcoin hit reverse. A fall through the morning low $7,358.0 would bring the first major resistance level at $7,283.63 into play. Barring a crypto meltdown, however, Bitcoin should steer clear of sub-$7,200 levels. The second major support level at $7,202.67 should limit any downside on the day. This article was originally posted on FX Empire More From FXEMPIRE: US Manufacturing Activity Hits 10-Year Low; EIA Reports Another Big Crude Oil Draw ‘Risk-Off’: Profit-Takers Hit Aussie, Kiwi, Safe-Haven Demand Boost Yen US Equity Markets: After Dodging Risk in 2019, Investors Should Prepare for Heightened Volatility in 2020 U.S Mortgage Rates Eased Back and Could Slide in the Week Ahead Natural Gas Price Prediction – Prices Consolidate Following Inventory Report European Equities: A Week in Review – 04/01/20... - Reddit Posts (Sample): [['u/RonTurkey', "Dear Peasants: Mining Bitcoin at a loss, IS OK. Here's why.", 59, '2020-01-29 01:08', 'https://www.reddit.com/r/Bitcoin/comments/evedzs/dear_peasants_mining_bitcoin_at_a_loss_is_ok/', "Mining is still a completely anonymous way to acquire bitcoin. That's it. That's all I got for ya.\n\nMost users are going to buy on Coinbase or Cash App or an exchange. These transactions will be forever recorded with those entities. And your paying a premium on nearly all exchanges. In this sense, you're buying Bitcoin at a loss, because it's fiat value drops immediately after the transaction. \n\nIf you're a farm, then I get it. You need to turn a profit to survive. However, hobby miners can float their electric bills and sell whenever the fuck they want, or HODL their anonymous stash.", 'https://www.reddit.com/r/Bitcoin/comments/evedzs/dear_peasants_mining_bitcoin_at_a_loss_is_ok/', 'evedzs', [['u/anon517', 32, '2020-01-29 02:14', 'https://www.reddit.com/r/Bitcoin/comments/evedzs/dear_peasants_mining_bitcoin_at_a_loss_is_ok/ffvbwpw/', "I think mining at a loss is underrated.\n\nMining at a loss helps distribute the hash power among more entities, making the system more decentralized.\n\nIt's a kind of charity, in order to help make the entire network more secure for each other.\n\nI wish that everyone had an extremely efficient miner, and spared a few bucks in electricity every month, in order to achieve greater mining decentralization. It may not be profitable, but if a million HODLers spent 10% of their profits back into mining-at-a-loss, I think it's an overall good thing and would have a pretty big impact on the system.\n\nIn fact, if there were a million people mining at a loss, it would curb some of the bigger miners (corporate ones, \\*ahem\\* china) to possibly become unprofitable. This means they might even cease operations, which means even greater decentralization. This, in turn, allows people mining-at-a-loss to start actually lose less, and less.\n\nWe don't really need big mining operations securing the network on our behalf and reaping profits. A large enough, collective, distributed, decentralized network of volunteer (sacrificial) miners could potentially have a significant impact on the profitability of centralized mining, making it far less centralized.", 'evedzs'], ['u/Bitcoin_Acolyte', 10, '2020-01-29 02:33', 'https://www.reddit.com/r/Bitcoin/comments/evedzs/dear_peasants_mining_bitcoin_at_a_loss_is_ok/ffvdjk7/', 'I really like the idea of miners as heaters for buildings. There must be a few situations where this makes sense.', 'evedzs'], ['u/652a6aaf0cf44498b14f', 10, '2020-01-29 06:41', 'https://www.reddit.com/r/Bitcoin/comments/evedzs/dear_peasants_mining_bitcoin_at_a_loss_is_ok/ffvxnse/', "It's not an engine and nothing is being burned if it's working properly. And if something is burning your primary concern should be the fire hazard.\n\nIt's no different than an electric heater.", 'evedzs']]], ['u/it_took_me_forever', '🔥BURN THE WITCH🔥', 60, '2020-01-29 01:27', 'https://www.reddit.com/r/nanotrade/comments/evenss/burn_the_witch/', " [https://nanocrawler.cc/explorer/block/3E5BE629693B21441DEDA414EDDB161E03FDFF372C362F048180CA4E5581B8BA](https://nanocrawler.cc/explorer/block/3E5BE629693B21441DEDA414EDDB161E03FDFF372C362F048180CA4E5581B8BA) \n\nThe next 6 months are going to be the hardest we've experienced yet.\n\n As Bitcoin pumps into the halving and random old shit coins shoot up %500 overnight it's gunna be a real bitch holding on to our hard-earned Nanos. But do not fret, our time will come.\n\nStay strong brothers.", 'https://www.reddit.com/r/nanotrade/comments/evenss/burn_the_witch/', 'evenss', [['u/sneaky-rabbit', 20, '2020-01-29 02:29', 'https://www.reddit.com/r/nanotrade/comments/evenss/burn_the_witch/ffvd7e7/', "Speak for yourself. I am betting on tech.\n\nAlso, sell me your NANO for 2k sats, PM me, I'll buy them all.", 'evenss'], ['u/dontlikecomputers', 17, '2020-01-29 02:36', 'https://www.reddit.com/r/nanotrade/comments/evenss/burn_the_witch/ffvdtxu/', 'Anyone doing it for 3 years is doing amazing.', 'evenss'], ['u/khjrizen', 11, '2020-01-29 05:53', 'https://www.reddit.com/r/nanotrade/comments/evenss/burn_the_witch/ffvuh4d/', "I agree that BTC will probably gain in dominance up to 20K. From there though it'll be altcoin show.\n\nBTC 20K is only 2x from here. Sure NANO and other alts may feel some pain until then. However, NANO will one day regain its $25 dollar ATH, likely subsequent BTC's 20K arrival, before going to likely $100 onwards. For the normal investor, that is 50x to 200x.\n\nProphecy fulfilled.", 'evenss']]], ['u/baby__groot', 'For people supporting Kunal Kamra - Let me take you back in 2018', 56, '2020-01-29 04:56', 'https://www.reddit.com/r/IndiaSpeaks/comments/evhefh/for_people_supporting_kunal_kamra_let_me_take_you/', '[https://www.youtube.com/watch?v=T2n0GzGijsE](https://www.youtube.com/watch?v=T2n0GzGijsE) \n\nHe has made fun of Hindu idols and gods previously. News article which goes back to 2018 - [https://www.opindia.com/2018/12/viral-video-anti-hindu-stand-up-comedy-kunal-kamra-masoon-rajwani/?fbclid=IwAR1G4qoEu-EEfKRSeuNrIcsR5ibTc3TSd4yecg-GhLWVy8lbAjNkbv05qXM](https://www.opindia.com/2018/12/viral-video-anti-hindu-stand-up-comedy-kunal-kamra-masoon-rajwani/?fbclid=IwAR1G4qoEu-EEfKRSeuNrIcsR5ibTc3TSd4yecg-GhLWVy8lbAjNkbv05qXM)', 'https://www.reddit.com/r/IndiaSpeaks/comments/evhefh/for_people_supporting_kunal_kamra_let_me_take_you/', 'evhefh', [['u/unrefusableoffer69', 27, '2020-01-29 06:03', 'https://www.reddit.com/r/IndiaSpeaks/comments/evhefh/for_people_supporting_kunal_kamra_let_me_take_you/ffvv7c1/', "I think jokes should be taken as jokes but I don't get why these comedians try to be political and shit, it will all die out soon.\n\ncomedians can joke about anything period.\n\nyou can leave if you are offended, the moment this dude try to correct you on your minority joke that's when you tell him to shut the fuck up. \n\nI've seen that he deleted his Muslim joke on Twitter that explain his bias.", 'evhefh'], ['u/monkinfarm', 16, '2020-01-29 06:30', 'https://www.reddit.com/r/IndiaSpeaks/comments/evhefh/for_people_supporting_kunal_kamra_let_me_take_you/ffvwzzo/', 'The keyword here is “anything”. It is sinister to target a particular religion repeatedly. There is nothing cool or funny about being so crass.', 'evhefh']]], ['u/AutoModerator', '[Daily Discussion] Wednesday, January 29, 2020', 62, '2020-01-29 05:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/evhhxe/daily_discussion_wednesday_january_29_2020/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas &amp; 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**Other ways to interact:**\n\n* [Get an invite](https://join.slack.com/t/reddit-bitcoinmarkets/shared_invite/enQtNjM1NTg3ODgwODUzLTQ2NjZjYjYxMWExZmZmMWY0MDNlN2JlM2RhZmM0NWY1YzY1MDlkOTMyNWFjNTZjYTg1ZDM2YmEwMWRkZjIwYjM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)\n* Set your flair to trade pretend money in [the Flair Game](https://coinsight.org/flairgame)\n* Weekly threads: [Newbie Mondays](http://www.reddit.com/r/BitcoinMarkets/search?q=newbie+monday&amp;sort=new&amp;restrict_sr=on&amp;t=all) and [Fundamentals Fridays](http://www.reddit.com/r/BitcoinMarkets/search?q=fundamentals+friday&amp;sort=new&amp;restrict_sr=on&amp;t=all)\n* Altcoins Discussion: [Altcoin Discussion](http://www.reddit.com/r/BitcoinMarkets/search?q=altcoin+discussion&amp;sort=new&amp;restrict_sr=on&amp;t=all)", 'https://www.reddit.com/r/BitcoinMarkets/comments/evhhxe/daily_discussion_wednesday_january_29_2020/', 'evhhxe', [['u/phillymatt', 35, '2020-01-29 05:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/evhhxe/daily_discussion_wednesday_january_29_2020/ffvrsq0/', 'According to my charts, the daily discussion is going to break 1000 comments today. Going to be a lot of resistance at 900, but I think the shitposts are really going to help us break through. Oh, and Bitcoin is doing pretty good too.', 'evhhxe'], ['u/opalserpant', 10, '2020-01-29 05:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/evhhxe/daily_discussion_wednesday_january_29_2020/ffvs259/', 'If we break through 1000 I can def see a pump to 6000', 'evhhxe'], ['u/yauchtadam', 18, '2020-01-29 05:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/evhhxe/daily_discussion_wednesday_january_29_2020/ffvs3rt/', 'This is where the fun begins.', 'evhhxe'], ['u/DEEPFIELDSTAR', 10, '2020-01-29 05:25', 'https://www.reddit.com/r/BitcoinMarkets/comments/evhhxe/daily_discussion_wednesday_january_29_2020/ffvsej3/', 'Fun began in 2014.', 'evhhxe'], ['u/DEEPFIELDSTAR', 26, '2020-01-29 05:30', 'https://www.reddit.com/r/BitcoinMarkets/comments/evhhxe/daily_discussion_wednesday_january_29_2020/ffvsuav/', '&gt; I hate all of you. I hate bitcoin.\n\nUnironically bullish.', 'evhhxe'], ['u/JohnCryptoRambo', 21, '2020-01-29 05:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/evhhxe/daily_discussion_wednesday_january_29_2020/ffvtqvo/', 'Don’t hate all of us, some of us said stop trading and accumulate btc. Trading is not how you accumulate btc unless you are a trading savant.', 'evhhxe'], ['u/islandcookies', 16, '2020-01-29 06:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/evhhxe/daily_discussion_wednesday_january_29_2020/ffvvj1c/', '200 BTC market buy on Coinbase just now.', 'evhhxe'], ['u/Cadenca', 13, '2020-01-29 06:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/evhhxe/daily_discussion_wednesday_january_29_2020/ffvwclr/', 'Probably a smart play, too, even though it may look like buying the pump to us. They waited for a close above the 200ma and caught the next big move early', 'evhhxe'], ['u/JohnCrypt... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['• Bitcoin’s defense of the former hurdle-turned-support at near $9,190 has strengthened the case for a continued rally toward higher resistance levels.\n• Longer duration chartsare alignedin favor of a move to $10,000.\n• A channel breakdown on the hourly chart would shift risk in favor of a deeper pullback to the 200-day average at $8,900.\nBitcoin defended key price support early on Thursday, strengthening the case for another move higher.\nHaving faced rejection above $9,400 multiple times on Wednesday, the top cryptocurrency by market value came under pressure during the Asian trading hours today. Buyers, however, absorbed the selling pressure at $9,188, keeping the former resistance-turned-support intact.\nBitcoin had reversed lower from the same $9,188 hurdle on Jan. 14, aborting the short-term bullish view. So as the cryptocurrency bounced up strongly from $8,250 earlier this week, traders wondered whether bitcoin will again fail at $9,188 and form a double-top bearish reversal pattern or cross the hurdle with conviction.\nRelated:Binance US Now Offers Staking Rewards for These Two Cryptocurrencies\nThe latter case won the day and the bulls managed to push prices well above $9,188 on Wednesday, flipping the resistance into support and establishing a new higher high.\nAt press time, bitcoin is changing hands at $9,350, according to CoinDesk’sBitcoin Price Index.\nBitcoin is moving in a sideways channel on the hourly chart. A move above channel resistance at $9,452 would likely accelerate the recent rally and open the doors to $9,600 (channel range added to breakout price). A violation there would expose the psychological resistance at $10,000.\nThe RSI is no longer reporting overbought conditions and is currently in bullish territory above 50.\nRelated:Bitcoin Eyes Best January Close in 7 Years After 30% Price Increase\nWith the longer duration charts also biased bullish, the odds appear stacked in favor of a range breakout. Should the range be breached to the downside, a deeper pullback to the 200-day average at $8,900 may be seen.\nBItcoin rose past $9,188 on Wednesday with a positive “marubozu candle,” indicating that bullish sentiment is quite strong.\nFurther, the five- and 10-day averages are trending north so dips, if any, are likely to be short-lived.\nA bearish reversal would be confirmed only if prices print a UTC close below $8,213 (higher low created on Jan. 24). Currently, that looks unlikely.\nDisclosure: The author does not currently hold any digital assets.\n• Bitcoin Cracks $9,400 to Reach Nearly 3-Month High in ‘Asia-Driven Rally’\n• Bitcoin Rallies to Near $9,150 as Stocks Drop Over Coronavirus Fears', '• Bitcoin’s defense of the former hurdle-turned-support at near $9,190 has strengthened the case for a continued rally toward higher resistance levels.\n• Longer duration chartsare alignedin favor of a move to $10,000.\n• A channel breakdown on the hourly chart would shift risk in favor of a deeper pullback to the 200-day average at $8,900.\nBitcoin defended key price support early on Thursday, strengthening the case for another move higher.\nHaving faced rejection above $9,400 multiple times on Wednesday, the top cryptocurrency by market value came under pressure during the Asian trading hours today. Buyers, however, absorbed the selling pressure at $9,188, keeping the former resistance-turned-support intact.\nBitcoin had reversed lower from the same $9,188 hurdle on Jan. 14, aborting the short-term bullish view. So as the cryptocurrency bounced up strongly from $8,250 earlier this week, traders wondered whether bitcoin will again fail at $9,188 and form a double-top bearish reversal pattern or cross the hurdle with conviction.\nRelated:Binance US Now Offers Staking Rewards for These Two Cryptocurrencies\nThe latter case won the day and the bulls managed to push prices well above $9,188 on Wednesday, flipping the resistance into support and establishing a new higher high.\nAt press time, bitcoin is changing hands at $9,350, according to CoinDesk’sBitcoin Price Index.\nBitcoin is moving in a sideways channel on the hourly chart. A move above channel resistance at $9,452 would likely accelerate the recent rally and open the doors to $9,600 (channel range added to breakout price). A violation there would expose the psychological resistance at $10,000.\nThe RSI is no longer reporting overbought conditions and is currently in bullish territory above 50.\nRelated:Bitcoin Eyes Best January Close in 7 Years After 30% Price Increase\nWith the longer duration charts also biased bullish, the odds appear stacked in favor of a range breakout. Should the range be breached to the downside, a deeper pullback to the 200-day average at $8,900 may be seen.\nBItcoin rose past $9,188 on Wednesday with a positive “marubozu candle,” indicating that bullish sentiment is quite strong.\nFurther, the five- and 10-day averages are trending north so dips, if any, are likely to be short-lived.\nA bearish reversal would be confirmed only if prices print a UTC close below $8,213 (higher low created on Jan. 24). Currently, that looks unlikely.\nDisclosure: The author does not currently hold any digital assets.\n• Bitcoin Cracks $9,400 to Reach Nearly 3-Month High in ‘Asia-Driven Rally’\n• Bitcoin Rallies to Near $9,150 as Stocks Drop Over Coronavirus Fears', 'View Bitcoin\x92s defense of the former hurdle-turned-support at near $9,190 has strengthened the case for a continued rally toward higher resistance levels. Longer duration charts are aligned in favor of a move to $10,000. A channel breakdown on the hourly chart would shift risk in favor of a deeper pullback to the 200-day average at $8,900. Bitcoin defended key price support early on Thursday, strengthening the case for another move higher. Having faced rejection above $9,400 multiple times on Wednesday, the top cryptocurrency by market value came under pressure during the Asian trading hours today. Buyers, however, absorbed the selling pressure at $9,188, keeping the former resistance-turned-support intact. Bitcoin had reversed lower from the same $9,188 hurdle on Jan. 14, aborting the short-term bullish view. So as the cryptocurrency bounced up strongly from $8,250 earlier this week, traders wondered whether bitcoin will again fail at $9,188 and form a double-top bearish reversal pattern or cross the hurdle with conviction. Related: Binance US Now Offers Staking Rewards for These Two Cryptocurrencies The latter case won the day and the bulls managed to push prices well above $9,188 on Wednesday, flipping the resistance into support and establishing a new higher high. At press time, bitcoin is changing hands at $9,350, according to CoinDesk\x92s Bitcoin Price Index . Hourly chart Bitcoin is moving in a sideways channel on the hourly chart. A move above channel resistance at $9,452 would likely accelerate the recent rally and open the doors to $9,600 (channel range added to breakout price). A violation there would expose the psychological resistance at $10,000. The RSI is no longer reporting overbought conditions and is currently in bullish territory above 50. Related: Bitcoin Eyes Best January Close in 7 Years After 30% Price Increase With the longer duration charts also biased bullish, the odds appear stacked in favor of a range breakout. Should the range be breached to the downside, a deeper pullback to the 200-day average at $8,900 may be seen. Story continues Daily chart BItcoin rose past $9,188 on Wednesday with a positive \x93 marubozu candle ,\x94 indicating that bullish sentiment is quite strong. Further, the five- and 10-day averages are trending north so dips, if any, are likely to be short-lived. A bearish reversal would be confirmed only if prices print a UTC close below $8,213 (higher low created on Jan. 24). Currently, that looks unlikely. Disclosure: The author does not currently hold any digital assets. Related Stories Bitcoin Cracks $9,400 to Reach Nearly 3-Month High in \x91Asia-Driven Rally\x92 Bitcoin Rallies to Near $9,150 as Stocks Drop Over Coronavirus Fears', 'The number of Bitcoin casinos has rocketed in recent years as gamblers recognise the advantages of using Bitcoin over traditional currencies. Yet anyone thinking of visiting a Bitcoin casino for the first time will rightly have concerns about safety. Gambling itself is a risky business, and there have been several high-profile hacks and thefts in the cryptocurrency market. Despite this, gambling with Bitcoin isn’t necessarily as perilous as you might think. It could even be argued it’s more secure than gambling with fiat currency. Why use a Bitcoin casino? Gambling with Bitcoin instead of conventional currencies brings a whole host of advantages. One of the biggest benefits is the speed at which you can access your winnings. Making a withdrawal in a traditional currency can take around a week to complete because of the bureaucracy involved. A Bitcoin withdrawal, on the other hand, can be completed within minutes because there is no need for transactions to be approved by a third party. Another perk is low fees. Since there is no third-party approval process, users can send and receive Bitcoin instantly for a negligible cost. This is in stark contrast to traditional online casinos, where transfer fees can be high. Some people also like the privacy that a Bitcoin casino offers. You can deposit, withdraw, and play in complete anonymity. Security Although hacks and thefts are common in the cryptocurrency market, it’s worth pointing out these are largely confined to crypto exchanges. There has yet to be a major theft at a Bitcoin casino. In fact, Bitcoin casinos could be seen as safer than traditional casinos because of Bitcoin’s cryptographic nature. Bitcoin transactions are encrypted and verified several times at different points on the network. The private keys used in transfers are extremely lengthy, making them very hard to decode and, arguably, safer than using a credit card. **Last 60 Days of Bitcoin's Closing Prices:** [7424.29, 7321.99, 7320.15, 7252.03, 7448.31, 7547.00, 7556.24, 7564.35, 7400.90, 7278.12, 7217.43, 7243.13, 7269.68, 7124.67, 7152.30, 6932.48, 6640.52, 7276.80, 7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-01-30 **Financial & Commodity Data:** - Gold Closing Price: $1583.50 - Crude Oil Closing Price: $52.14 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.57 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: This is part of a series of op-eds previewing the World Economic Forum in Davos, Switzerland. CoinDesk will be on the ground in Davos from Jan. 20–24 chronicling all things crypto at the annual gathering of the world’s economic and political elite. Follow along by subscribing to our pop-up newsletter, CoinDesk Confidential: Davos . Sandra Ro is the CEOof the Global Blockchain Business Council (GBBC), which is organizing thefour-day BlockchainCentral Davos event. The annual meeting of the World Economic Forum (WEF), renownedas a place where business executives, government officials, entrepreneurs andNGO leaders convene to create positive change, is days away. Related: Over 40 Central Banks Are Considering Blockchain Applications: Davos Report In recent years the WEF Meeting has come under fire as a place where wealthy elites gather to discuss solutions to problems they helped create and perpetuate – problems many blockchain startups are working to solve. But the reality of Davos lies somewhere between these two extremes. So why engage? Why do we keep going back? WEF 2020 2020 is special: It’s the 50th anniversary of the WEF, a non-profit foundation created in 1971 to engage society’s foremost political, business and cultural leaders to shape global, regional and industry agendas. This year’s WEF theme is “Stakeholders for a Cohesive andSustainable World.” Related: Davos Elites Still Don’t Get Blockchain Some of the broad questions to be asked: What does “stakeholdercapitalism” mean? Is it tracking progress towards the Paris Agreement and the UnitedNations Sustainable Development Goals (SDGs)? How does technology fit in? “With the world at such critical crossroads, this year wemust develop a ‘Davos Manifesto 2020’ to reimagine the purpose and scorecardsfor companies and governments,” said Klaus Schwab, founder and executivechairman of the WEF. If the world is at a crossroads, what is the role of cryptocurrencies,digital assets and blockchain? And who gets to shape and influence this future? Story continues In short, should “Crypto Davos” collaborate with theestablished elites? Crypto Davos, four+ years in the making Crypto pioneers set up shop with Davos side events four orfive years ago. These were modest gatherings to discuss the future ofcryptocurrencies. Very few elites knew what this was, or paid it much attention. Just as bitcoin and ethereum began as organic grassrootsinitiatives, Crypto Davos grew mainly by group chats and word of mouth.However, by 2018, Crypto Davos reached peak excess, coinciding with the boom ofICOs. This was followed by muted numbers in 2019 with the bust, and now, in2020, a mix of Crypto Davos stalwarts are returning alongside mainstreamcorporations that are ahead of the curve in embracing blockchain and,sometimes, cryptocurrency. (Unfortunately, the mantra of “blockchain good,crypto bad” lingers in certain corporate and government circles, though it isdissipating over time.) What happens at WEF’s official gathering is important, butmost who have attended Davos previously know that “the Promenade” is a beehiveof activity around cryptocurrencies, blockchain, AI, cybersecurity and otheremerging technologies. Many crypto people who attend Davos never step footinside the main event and do not hold a coveted “white badge.” Instead, theyhang out on the Promenade and participate in a myriad of panels, networkingevents and meetings, mixed with late-night partying and bonding. The Promenade blockchain events are in high demand andconsidered cutting edge, thereby attracting some high-profile leaders who mightseem out of place under normal, stodgier circumstances. Seeing rock stars,actors, CEOs, billionaires, social-impact entrepreneurs and developers togetheris not unusual at Crypto Davos. Where else do you see both Jamie Dimon and Jamie Oliverwalking down the same block within meters of each other? Or Michael Douglaswalking into an MIT-hosted lunch on AI and blockchain? (Seriously, thathappened back in 2017.) So why did a bunch of crypto people start coming to Davos inthe first place? Switzerland’s crypto-friendly environment partially explainsthe attraction. But the secret sauce of Davos is not just about discussingimportant ideas. Once you make it to this normally sleepy town, you arejumbled together with 30,000 influential people on a few blocks of a “mainstreet.” It makes for an intense and rewarding four days of networking anddeal-making, which sets the tone for the rest of the year. Crossover appeal Crypto Davos, despite its outsider status, has influenced andchanged the course of mainstream Davos. Just look at 2020’s big thematic on “stakeholders in acohesive and sustainable world,” which covers everything from economics toclimate change to technology, and includes topics like digital identity,digital asset regulation and central bank digital currencies (CBDCs). In 2020, many, if not most, corporations participating atDavos have internal blockchain projects and/or are members of digital assetgroups. Five years ago, the CEOs of these same corporations probably did notknow blockchain existed. Crypto Davos has profoundly influenced the interest andgrowth of digital assets and blockchain technology among some of the most eliteinstitutions, governments and world leaders. Not bad for a bunch of outsiders. Selling out? To the cynics and anti-establishment crowd, we debate everyyear why we pay exorbitant rates to put together an event at Davos. The high costs,occasionally not-so-subtle hostility from the mainstream, increasingly stricttown council rules and the general logistics nightmare are enough to determost. However, we return, because our supporters love attending.Why? Because we have met some of the most awe-inspiring people at Davos, fromrocket scientists to world leaders to humanitarians. With a combination of bright, motivated people, ideas turninto action here: from investments to business deals to project launches. Nomatter how great the tech, we are humans who make connections by meeting eachother, spending time with each other and, ultimately, collaborating with eachother. The key for Crypto Davos is to keep influencing and building bridges with the establishment to yield the societal change we want. Blockchain works best when it’s collaborative. The same holds true at Davos: Crypto Davos can improve and scale with the resources of large institutions; Establishment Davos can reimagine business models and government services to create a more equitable and functional society. This grand experiment works best if people collaborateacross geographies and disciplines. Long live Crypto Davos (at least until the next better version comes along). Related Stories Bitcoin Takes Davos Stage in Currency Panel Debate World Leaders Are Talking Crypto at Davos... - Reddit Posts (Sample): [['u/btc_dilemma', 'WIBTA for not sharing my bitcoin with a friend?', 15, '2020-01-30 01:07', 'https://www.reddit.com/r/AmItheAsshole/comments/evvzzk/wibta_for_not_sharing_my_bitcoin_with_a_friend/', 'Throwaway obviously. \n\nSo back in 2015 I read about bitcoin in an article and decided to dabble in it out of curiosity. I bought three bitcoins off of a now-defunct exchange when they were trading for about $250 each. I only told one person, a good buddy of mine at the time, and because I was feeling unusually generous that day, I said, “You know what, man, if these are ever worth anything, I’ll give you one of the coins,” figuring maybe they’d double or triple in price at most. He was skeptical but said sure.\n\nI had my private key written on a sheet of paper, and like the total idiot I am, I managed to lose it a few weeks later when I moved into a new apartment. I was kicking myself for it but didn’t really feel like buying more bitcoin so I just mentally chalked it up as a loss and mostly forgot about it until the price really took off two years later. My friend reached out to me around that time to say it was really unfortunate that I’d lost the key and that we both could have made a ton of money (I guess he remembered that I’d offered to give him a bitcoin). Not going to lie, I was pretty depressed for a while, but eventually I got over it.\n\nThe other day, I was going through some of my old books out of boredom and to my total shock I found the paper wedged between two pages of a copy of a scifi novel I was reading around the time I bought the bitcoin. I swear to God my heart stopped in that moment. Right now, the coins are collectively worth just under $28,000 — an amount of money that would make a huge difference to me right now. \n\nMy friend moved to another state about a year and a half ago, and we’ve drifted apart a lot since then. I’d say we’re more acquaintances than friends at this point, and I haven’t talked to him in nearly nine months. Considering this, I’m a little reluctant to call him and tell him I found the key and basically give away $9,300. I honestly didn’t think it would EVER be worth this much when I bought it. WIBTA?', 'https://www.reddit.com/r/AmItheAsshole/comments/evvzzk/wibta_for_not_sharing_my_bitcoin_with_a_friend/', 'evvzzk', [['u/addictedtochips', 10, '2020-01-30 01:10', 'https://www.reddit.com/r/AmItheAsshole/comments/evvzzk/wibta_for_not_sharing_my_bitcoin_with_a_friend/ffycbb8/', 'NAH - Eh, it’s a bit of an asshole move, but what he doesn’t know won’t hurt him. I don’t blame you for not wanting to share it since you’re not really friends anymore. And, of course, the amount of money it is. If you were still close, you’d be an ass. \n\nBut you need to keep QUIET about it and ensure he never finds out, he’ll feel entitled to it. And he would have a right to. I don’t mean this in a mean way, but it was honestly a pretty stupid move to offer him one of those coins lol. Don’t do that again.\n\nEdit: fixed a word', 'evvzzk'], ['u/GodlyPain04', 34, '2020-01-30 01:12', 'https://www.reddit.com/r/AmItheAsshole/comments/evvzzk/wibta_for_not_sharing_my_bitcoin_with_a_friend/ffychto/', 'NTA, and I highly suggest to just keep it to yourself that you found said papers that way what he doesn’t know doesn’t hurt him lol, anyways for sure would keep it man especially since you two aren’t friends anymore', 'evvzzk'], ['u/wreck-it-ryan6', 49, '2020-01-30 01:16', 'https://www.reddit.com/r/AmItheAsshole/comments/evvzzk/wibta_for_not_sharing_my_bitcoin_with_a_friend/ffycutz/', 'NTA\n\n9k is a lot of money to give away over a stupid comment you made years ago. Your friend would an AH to expect you to pay up like that. I would probably take my friend/friends out on my tab or get them a gift.', 'evvzzk'], ['u/fbblue88', 18, '2020-01-30 01:22', 'https://www.reddit.com/r/AmItheAsshole/comments/evvzzk/wibta_for_not_sharing_my_bitcoin_with_a_friend/ffydf54/', 'NTA. He never put any money into the investment and you never signed a contract. Don’t feel bad about not honoring an offhand comment from years ago. \n\nDo what you will with the bitcoin but maybe keep quiet about it.', 'evvzzk']]], ['u/AutoModerator', '[Daily Discussion] Thursday, January 30, 2020', 59, '2020-01-30 05:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/evzesn/daily_discussion_thursday_january_30_2020/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas &amp; 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**Other ways to interact:**\n\n* [Get an invite](https://join.slack.com/t/reddit-bitcoinmarkets/shared_invite/enQtNjM1NTg3ODgwODUzLTQ2NjZjYjYxMWExZmZmMWY0MDNlN2JlM2RhZmM0NWY1YzY1MDlkOTMyNWFjNTZjYTg1ZDM2YmEwMWRkZjIwYjM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)\n* Set your flair to trade pretend money in [the Flair Game](https://coinsight.org/flairgame)\n* Weekly threads: [Newbie Mondays](http://www.reddit.com/r/BitcoinMarkets/search?q=newbie+monday&amp;sort=new&amp;restrict_sr=on&amp;t=all) and [Fundamentals Fridays](http://www.reddit.com/r/BitcoinMarkets/search?q=fundamentals+friday&amp;sort=new&amp;restrict_sr=on&amp;t=all)\n* Altcoins Discussion: [Altcoin Discussion](http://www.reddit.com/r/BitcoinMarkets/search?q=altcoin+discussion&amp;sort=new&amp;restrict_sr=on&amp;t=all)", 'https://www.reddit.com/r/BitcoinMarkets/comments/evzesn/daily_discussion_thursday_january_30_2020/', 'evzesn', [['u/DEEPFIELDSTAR', 22, '2020-01-30 05:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/evzesn/daily_discussion_thursday_january_30_2020/ffyy0m3/', 'If you had any doubt that we’re in the “this is a suckers rally!” phase, some guy just dumped his whole trading stack @ $9300 hoping for a scalp @ $6500.', 'evzesn'], ['u/444pkpk', 37, '2020-01-30 05:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/evzesn/daily_discussion_thursday_january_30_2020/ffyyb2z/', "Please Bitcoin God, let me buy cheap. *price goes to $6500*. Ahhhhh I'm scared. \n\nPlease Bitcoin God, show me a bull market confirmation so I can buy. *price goes above $9000*. Arghhh I'm scared.", 'evzesn'], ['u/ElephantGlue', 19, '2020-01-30 05:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/evzesn/daily_discussion_thursday_january_30_2020/ffyz41k/', 'Shitcoins', 'evzesn'], ['u/PhantomFortune', 17, '2020-01-30 05:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/evzesn/daily_discussion_thursday_january_30_2020/ffyzfvv/', 'deleted ^^^^^^^^^^^^^^^^0.0521 [^^^What ^^^is ^^^this?](https://pastebin.com/FcrFs94k/32489)', 'evzesn'], ['u/RetardIdiotTrader', 10, '2020-01-30 05:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/evzesn/daily_discussion_thursday_january_30_2020/ffz0i34/', 'I love kimchi, therefore I hate you', 'evzesn'], ['u/tuyguy', 11, '2020-01-30 06:03', 'https://www.reddit.com/r/BitcoinMarkets/comments/evzesn/daily_discussion_thursday_january_30_2020/ffz14wa/', 'Hello from 2017', 'evzesn'], ['u/tuyguy', 37, '2020-01-30 06:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/evzesn/daily_discussion_thursday_january_30_2020/ffz1gz6/', 'Me to friends at 3k: buy Bitcoin\n\nMe to friends at 6k: buy Bitcoin\n\nMe to friends at 9k: buy Bitcoin\n\nFriends to me at 14k: is now a good time to buy Bitcoin?', 'evzesn'], ['u/tuyguy', 28, '2020-01-30 06:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/evzesn/daily_discussion_thursday_january_30_2020/ffz1l0h/', "Is this the start of the golden bull run to 100k+?\n\nSeems like it to me, though it'll take a couple of years with a few 25%+ pullbacks. \n\nI do think we've made it through the bear market.", 'evzesn'], ['u/PhantomFortune', 16, '2020-01-30 06:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/evzesn/daily_discussion_thursday_january_30_2020/ffz1s7y/', 'deleted ^^^^^^^^^^^^^^^^0.5494 [^^^What ^^^is ^^^this?](https://pastebin.com/FcrFs94k/58287)', 'evzesn'], ['u/ai020089', 34, '2020-01-30 06:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/evzesn/daily_discussion_thursday_january_30_2020/ffz20ir/', 'Me to friends at 3k: buy Bitcoin\n\nMe to friends at 6k: buy Bitcoin\n\nMe to friends at 9k: buy Bitcoin\n\nFriends to me at 14k: its too expensive, I’ll wait for a pullback\n\nFriends to me at 6.5k: bitcoin is worthless, its going to zero', 'evzesn'], ['u/FirebaseZ', 20, '2020-01-30 06:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/evzesn/daily_discussion_thursday_january_30_2020/ffz2e69/', "Once it really runs, that's when you're scared to buy and scared to sell. \n\nFor example, when we break $20,000, then where do we sell? What is the next peak? \n \nAs u/bitvote noted yesterday, BTC had two false summits with major retraces in the runup to the final summit at $20,000 in 2017:\n \n- $4,500 in August. 35% retrace to $2,900. False summit. \n \n- $7,600 in November. 30% retrace to $5,500. False summit. \n \n- $20,000 in December. Retrace to $3,284 in December 2018. 84% retrace. Real summit. \n \nDespite massive runs, any of these could have destroyed you. Then double-destroyed you twice more between them. So once we break $20,000, where is the first peak? \n\nAfterthought: Maybe a good macro strategy is to buy the most when you want to the least - in the brutal Bear winter. Plant seeds. Stack sats. Then only plant new saplings in the spring and in the Bull run during massive retraces, and use your trading stack like a windbreak to defend your stand. Chop wood at frost. Build cabin. Leave others out in the next snow. Easy. ;)", 'evzesn'], ['u/chile8888', 10, '2020-01-30 06:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/evzesn/daily_discussion_thursday_january_30_2020/ffz2eh0/', "It will be hilarious to see this break to $120k. Can't wait to miss out. 😞", 'evzesn'], ['u/Ind... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67
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:** ['Roger Thomas Clark, an alleged operator behind the Silk Road darknet marketplace and adviser to founder Ross Ulbricht,pleaded guiltyto “conspiring to distribute massive quantities of narcotics,” prosecutors announced Thursday.\nThe U.S. Attorney’s Office for the Southern District of New York said in a press release that Clark, who was known online as “Plural of Mongoose,” “Variety Jones,” “VJ” and “cimon,” pleaded guilty to one count of conspiracy and will be sentenced on May 29.\nClark was first charged withconspiracy to traffic narcotics and conspiracy to launder moneyin 2015. Prosecutors described him as a “senior advisor” to the platform at the time.\nRelated:France Charges Alleged BTC-e Operator Alexander Vinnik Following Greek Extradition\nSilk Road is most famous for being a darknet marketplace where users could purchase illicit drugs and other goods using bitcoin as a payment method. Ulbricht is currently serving a life sentence in connection with his operation of the site, stemming from charges of narcotics distribution, computer hacking and conspiracy.\nUlbricht and Clark were both also accused of facilitating “the attempted killing of a co-conspirator,” though neither was charged in connection with this allegation.\n“Clark’s arrest, extradition from Thailand and conviction should make it clear that the purported anonymity of the dark web is not a protective shield from prosecution,” said Manhattan U.S. Attorney Geoffrey Berman in a statement.\n• British Court Freezes $860,000 in Bitcoin Linked to Ransomware Payout\n• Bad Actors Rent Hashing Power to Hit Bitcoin Gold With New 51% Attacks\n• Popular Korean Crypto YouTuber Badly Beaten After Threats From Angry Investors', 'Roger Thomas Clark, an alleged operator behind the Silk Road darknet marketplace and adviser to founder Ross Ulbricht, pleaded guilty to \x93conspiring to distribute massive quantities of narcotics,\x94 prosecutors announced Thursday. The U.S. Attorney\x92s Office for the Southern District of New York said in a press release that Clark, who was known online as \x93Plural of Mongoose,\x94 \x93Variety Jones,\x94 \x93VJ\x94 and \x93cimon,\x94 pleaded guilty to one count of conspiracy and will be sentenced on May 29. Clark was first charged with conspiracy to traffic narcotics and conspiracy to launder money in 2015. Prosecutors described him as a \x93senior advisor\x94 to the platform at the time. Related: France Charges Alleged BTC-e Operator Alexander Vinnik Following Greek Extradition Silk Road is most famous for being a darknet marketplace where users could purchase illicit drugs and other goods using bitcoin as a payment method. Ulbricht is currently serving a life sentence in connection with his operation of the site, stemming from charges of narcotics distribution, computer hacking and conspiracy. Ulbricht and Clark were both also accused of facilitating \x93the attempted killing of a co-conspirator,\x94 though neither was charged in connection with this allegation. \x93Clark\x92s arrest, extradition from Thailand and conviction should make it clear that the purported anonymity of the dark web is not a protective shield from prosecution,\x94 said Manhattan U.S. Attorney Geoffrey Berman in a statement. Related Stories British Court Freezes $860,000 in Bitcoin Linked to Ransomware Payout Bad Actors Rent Hashing Power to Hit Bitcoin Gold With New 51% Attacks Popular Korean Crypto YouTuber Badly Beaten After Threats From Angry Investors', 'Bitcoin (BTC) is currently trading at around $9,300 following an 8% increase in price since Monday. Even though Bitcoin hasn’t been able to break the $10,000 level, the overall panorama is looking quite bullish. Bitcoin now seems to be consolidating above $9,200 and will likely face new resistance just below $10,300. Let’s take a look at Bitcoin’s chart, courtesy of TradingView . Bitcoin has been climbing upwards since the start of the new year, breaking through all its EMAs over the past few weeks after a major rally that took the digital asset from just below $7,000 to over $9,000. Since the start of the year, BTC has grown about 37% in the space of 30 days. However, price needs to continue picking up steam if the hangover from the second half of 2019 is to completely turn around. In addition, Bitcoin’s volume must continue to grow. At the time of writing, it is showing signs of having fully recovered and is now between 50-60% higher than last month – around $32 billion. If Bitcoin is able to maintain the positive trend seen so far this year, we might see it top $10,000 sooner than expected. The current Bitcoin trend This Monday , I underlined that we could see a major pump within the next few days/weeks due to the huge amount of people currently “hodling”. The boost in trading volume means the accumulation cycle could be close to an end and the bull run we’re all waiting for will start sooner than expected. Perhaps we could even break $20,000 before the halving. The upwards movement over the past few days could mean price is looking to pick up again, but it is too early to tell. It seems we already found the bottom (during 2019) and could be making our way towards a mid-term move to the upside. For the time being though, there’s a chance it can go either way . Only if BTC continues to record higher lows will price continue to go up. Hopefully, the 200-day EMA (blue line) will now become support for Bitcoin and BTC will continue to hold above all its EMAs. In addition, I expect the 20-day EMA to cross the 200-day EMA to the upside quite soon, as it has already crossed the 50-day EMA this week. Story continues When this golden cross takes place, my take on the market will considerably shift to the upside. Are the bulls back in town? I strongly believe Bitcoin to be a long-term store of value, especially as traditional markets continue to show weaknesses. How can the markets continue to push higher after the ECB’s recent rate cuts, the continuous share buybacks from huge corporations, or the inverted bond yield shoving investors away towards riskier assets? In addition, repo market activity – as in loans from central banks to commercial and investment banks – has spiked to new monthly records. That adds up to another signal of weakness for the general economy. We shouldn’t forget that the Bitcoin halving is coming in May 2020, which will put extra positive pressure on price as the number of Bitcoin minted per block is halved. The key aspect of the halving event is to work out whether it has already been priced-in by miners. I personally doubt it, since most people (and businesses) have a short-term mindset. Therefore, I see miners pushing for lower prices until the halving takes place. The harder it is to mine until the halving, the more miners will drop off, leaving more room for profits for the players who stay. In conclusion, investors and traders should pay attention to the overall economic panorama, as it will most likely be a major catalyst for worldwide BTC adoption . Safe trades! Current live Bitcoin pricing information and interactive charts are available on our site 24 hours a day. The ticker bar at the bottom of every page on our site has the latest Bitcoin price. Pricing is also available in a range of different currency equivalents: US Dollar – BTCtoUSD British Pound Sterling – BTCtoGBP Japanese Yen – BTCtoJPY Euro – BTCtoEUR Australian Dollar – BTCtoAUD Russian Rouble – BTCtoRUB About Bitcoin In August 2008, the domain name bitcoin.org was registered. On 31st October 2008, a paper was published called “Bitcoin: A Peer-to-Peer Electronic Cash System”. This was authored by Satoshi Nakamoto, the inventor of Bitcoin. To date, no one knows who this person, or people, are. The paper outlined a method of using a P2P network for electronic transactions without “relying on trust”. On January 3 2009, the Bitcoin network came into existence. Nakamoto mined block number “0” (or the “genesis block”), which had a reward of 50 Bitcoins. More Bitcoin news and information If you want to find out more information about Bitcoin or cryptocurrencies in general, then use the search box at the top of this page. Here’s an article to get you started. As with any investment, it pays to do some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. This page is not recommending a particular currency or whether you should invest or not. Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. The post Latest Bitcoin price and analysis (BTC to USD) appeared first on Coin Rivet .', 'Bitcoin (BTC) is currently trading at around $9,300 following an 8% increase in price since Monday. Even though Bitcoin hasn’t been able to break the $10,000 level, the overall panorama is looking quite bullish. Bitcoin now seems to be consolidating above $9,200 and will likely face new resistance just below $10,300. Let’s take a look at Bitcoin’s chart, courtesy of TradingView . Bitcoin has been climbing upwards since the start of the new year, breaking through all its EMAs over the past few weeks after a major rally that took the digital asset from just below $7,000 to over $9,000. Since the start of the year, BTC has grown about 37% in the space of 30 days. However, price needs to continue picking up steam if the hangover from the second half of 2019 is to completely turn around. In addition, Bitcoin’s volume must continue to grow. At the time of writing, it is showing signs of having fully recovered and is now between 50-60% higher than last month – around $32 billion. If Bitcoin is able to maintain the positive trend seen so far this year, we might see it top $10,000 sooner than expected. The current Bitcoin trend This Monday , I underlined that we could see a major pump within the next few days/weeks due to the huge amount of people currently “hodling”. The boost in trading volume means the accumulation cycle could be clo **Last 60 Days of Bitcoin's Closing Prices:** [7321.99, 7320.15, 7252.03, 7448.31, 7547.00, 7556.24, 7564.35, 7400.90, 7278.12, 7217.43, 7243.13, 7269.68, 7124.67, 7152.30, 6932.48, 6640.52, 7276.80, 7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-01-31 **Financial & Commodity Data:** - Gold Closing Price: $1582.90 - Crude Oil Closing Price: $51.56 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.55 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Earlier in the Day: It was a relatively quiet day on the economic calendar through the Asian session this morning. The Aussie Dollar and the Pound were in action in the early part of the day, with current account figures and retail sales numbers providing direction. Later in the morning, the RBA also released its final monetary policy decision of the year… On the geopolitical front, the markets reacted to Trump’s latest tariff threats from the U.S session. Trump announced plans to roll out tariffs on Argentinian and Brazilian Aluminum and steel exports to the U.S. Late in the day, the U.S President also threatened tariffs on all French exports to the U.S in retaliation to digital taxes. The latest threat came in response to the WTO’s decision that the EU has failed to remove all subsidies to Airbus. For the Aussie Dollar The current account surplus widened from A$5.9bn to A$7.6bn in the 3 rd quarter. Economists had forecast a surplus of A$6.1bn. The Aussie Dollar moved from $0.68198 to $0.68229 upon release of the figures that preceded the RBA interest rate decision and rate statement. On the monetary policy front, the RBA held interest rates steady at 0.75%. Salient points from the rate statement included After a soft patch in the 2 nd half of last year, the Australian economy appears to have reached a gentle turning point. The central scenario is for growth to pick up gradually to around 3% in 2021. Low-level interest rates, recent tax cuts, ongoing spending on infrastructure, an upswing in house prices and a brighter outlook for the resources sector should all support growth. For the domestic economy, the outlook for domestic consumption continues to deliver uncertainty. A sustained period of tepid wage growth continues to weigh on consumer spending. Other sources of uncertainty include the effects of the drought and the evolution of the housing construction cycle. The unemployment rate is expected to remain at around 5.25% before gradually declining to below 5% in 2021. Wage growth is expected to remain subdued for some time. The Board expects inflation to pick up gradually to be close to 2% in 2020 and 2021. A rise in asset prices and low mortgage rates should lead to increased household disposable incomes that should support household spending. Considering the effects of low-interest rates and the long and variable lags in the transmission of monetary policy, the Board decided to hold the cash rate steady. The Board is prepared to ease monetary policy further if needed to support economic growth, full employment and the inflation target over time. Story continues The Aussie Dollar moved from $0.68193 to $0.68397 upon release of the rate statement. At the time of writing, the Aussie Dollar up by 0.21% to $0.6883, the upside coming as the RBA held back from any chatter of rate cuts this time around… Elsewhere At the time of writing, the Japanese Yen was down by 0.19% to ¥109.19 against the U.S Dollar, while the Kiwi Dollar was up by 0.09% to $0.6509. The Day Ahead: For the EUR It’s a quiet day ahead on the economic calendar . Key include Spanish unemployment change figures in the early part of the session. Barring particularly dire numbers, the EUR will likely brush aside the numbers. A lack of stats will leave the market focus on geopolitics, with the UK elections and chatter on trade the key drivers on the day. At the time of writing, the EUR was down by 4% to $1.1075. For the Pound It’s a relatively busy day on the data front. November BRC Retail Sales Monitor provided direction in the early part of the day. Early this morning, the BRC Retail Sales Monitor slid by 4.9%, year-on-year, reversing a 0.1% rise in October. According to the BRC report , While the headline figure was grim reading, if adjusted for the timing of Black Friday and Cyber Monday, sales were estimated to have increased by a more reasonable 0.4%. Later this morning, finalized construction PMI figures are also due out. Barring a material shift from prelim, however, we would expect the PMI to have a muted impact on the Pound. UK election chatter will continue to drive the Pound. Any widening the Tory lead would support the Pound. At the time of writing, the Pound was down by 0.02% to $1.2937. Across the Pond It’s a quiet day on the economic calendar , with no material stats due out of the U.S. A lack of stats leaves the Greenback in the hands of risk appetite in the day and any chatter on trade. At the time of writing, the Dollar Spot Index was up 0.06% at 97.914. For the Loonie It’s another quiet day on the economic calendar , with no material stats due out of Canada to provide direction. The Bank of Canada is in action tomorrow. Even better than expected Manufacturing PMI numbers from China and the EU failed to provide support on Monday. Weak GDP numbers from last week raised doubts over whether the BoC will stand pat on policy near-term. This is in spite of Gov. Poloz’s recent comments. The Loonie was up by 0.04% to C$1.3303, against the U.S Dollar, at the time of writing. This article was originally posted on FX Empire More From FXEMPIRE: Natural Gas Price Fundamental Daily Forecast – Change in Mid-Term Forecast Could Trigger Short-Covering Rally Natural Gas Price Prediction – Prices Rebound After Tumbling Last Week Fresh Trump Tariff Threats Blunt Risk Appetite Bitcoin Cash – ABC, Litecoin and Ripple Daily Analysis – 03/12/19 Reducing Power of US dollar as the World Currency proves to Be Trend Ethereum and Stellar’s Lumen Daily Tech Analysis – 03/12/19... - Reddit Posts (Sample): [['u/RoynFTL', 'Bitcoin was stolen/withdrawn from my Ledger Nano', 17, '2020-01-31 00:04', 'https://www.reddit.com/r/ledgerwallet/comments/ewe6rg/bitcoin_was_stolenwithdrawn_from_my_ledger_nano/', "This morning i made 2 deposits to my Ledger Nano S. When I checked their status this afternoon there was a withdrawal I did not make. My wallet ha been entirely wiped out. I've had the device with me and no one other than me has access. What should I do?", 'https://www.reddit.com/r/ledgerwallet/comments/ewe6rg/bitcoin_was_stolenwithdrawn_from_my_ledger_nano/', 'ewe6rg', [['u/Abysal32', 18, '2020-01-31 00:07', 'https://www.reddit.com/r/ledgerwallet/comments/ewe6rg/bitcoin_was_stolenwithdrawn_from_my_ledger_nano/fg1ehzh/', 'Protect your seed phrase at all costs friend.\nIf what you say is true, then your seed has been compromised.', 'ewe6rg'], ['u/mickhick95', 32, '2020-01-31 00:26', 'https://www.reddit.com/r/ledgerwallet/comments/ewe6rg/bitcoin_was_stolenwithdrawn_from_my_ledger_nano/fg1gph9/', '&gt; I typed my seed up and printed\n \nYou just left the freezer door open on your cold storage my friend.', 'ewe6rg'], ['u/a_dodo_stole_my_baby', 20, '2020-01-31 00:30', 'https://www.reddit.com/r/ledgerwallet/comments/ewe6rg/bitcoin_was_stolenwithdrawn_from_my_ledger_nano/fg1h633/', "&gt; I typed my seed up and printed\n\nDangit. Could it be possible your computer was compromised? It's recommended to keep your seed to pen and paper only. Typing it up and printing it can mean malware was able to capture the words. I know it sounds unlikely, but it's possible.", 'ewe6rg'], ['u/Crypto-Guide', 11, '2020-01-31 01:00', 'https://www.reddit.com/r/ledgerwallet/comments/ewe6rg/bitcoin_was_stolenwithdrawn_from_my_ledger_nano/fg1knjm/', 'Typing your seed out like this is most likely how you compromised it... Someone may have been waiting for a certain balance before draining it.\n\nSorry for your loss.', 'ewe6rg'], ['u/Matrix5353', 15, '2020-01-31 01:00', 'https://www.reddit.com/r/ledgerwallet/comments/ewe6rg/bitcoin_was_stolenwithdrawn_from_my_ledger_nano/fg1kpa6/', "This is the most likely answer. OP probably had malware on his system that grabbed his seed, and from there it's trivial to set up an alert to monitor his addresses for activity", 'ewe6rg'], ['u/blevok', 14, '2020-01-31 01:46', 'https://www.reddit.com/r/ledgerwallet/comments/ewe6rg/bitcoin_was_stolenwithdrawn_from_my_ledger_nano/fg1q5re/', "&gt; I typed my seed up \n \nThat's where you messed up. If you ever put the seed in digital form, whether it's typed into a phone or computer, or even just take a picture of it, then you completely defeat the purpose of using a ledger in the first place. \n \nThe whole point of a hardware wallet is that the seed is never exposed. The only place it should ever exist digitally is within the ledger circuitry. If you use it properly, then literally the only way to loose your funds is for someone to steal your written seed paper. \n \nIf you're going to type the seed into an electronic device, then don't even bother using a hardware wallet.", 'ewe6rg'], ['u/hard_houseinc', 10, '2020-01-31 02:53', 'https://www.reddit.com/r/ledgerwallet/comments/ewe6rg/bitcoin_was_stolenwithdrawn_from_my_ledger_nano/fg1zl97/', 'keyloggers, any malware nowdays is either crypto mining or jacking\n\nAny set of words that trips the BIP39 set is a big come get me flare gun\nIn maybe 2014 I had a .dat file hacked out of a 2FA dropbox cloud before I knew better. Glad I learned early.\nThere is alot of nefarious stuff coming out of china and NK attacking crypto assets. you have to be off the grid with anything crypto', 'ewe6rg'], ['u/relephants', 11, '2020-01-31 03:02', 'https://www.reddit.com/r/ledgerwallet/comments/ewe6rg/bitcoin_was_stolenwithdrawn_from_my_ledger_nano/fg20u2k/', 'No. Your computer was probably only recently compromised. And they went through everything and found an old copy file when you typed your seed.', 'ewe6rg'], ['u/CosmicEyeball', 10, '2020-01-31 08:43', 'https://www.reddit.com/r/ledgerwallet/comments/ewe6rg/bitcoin_was_stolenwithdrawn_from_my_ledger_nano/fg2um3j/', 'The ledger wallet is 100% secure. You compromised your seed by typing it into your computer. \nNo wallet in the world can protect you from compromising your seed.', 'ewe6rg']]], ['u/AutoModerator', '[Daily Discussion] Friday, January 31, 2020', 54, '2020-01-31 05:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/ewiisk/daily_discussion_friday_january_31_2020/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas &amp; 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**Other ways to interact:**\n\n* [Get an invite](https://join.slack.com/t/reddit-bitcoinmarkets/shared_invite/enQtNjM1NTg3ODgwODUzLTQ2NjZjYjYxMWExZmZmMWY0MDNlN2JlM2RhZmM0NWY1YzY1MDlkOTMyNWFjNTZjYTg1ZDM2YmEwMWRkZjIwYjM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)\n* Set your flair to trade pretend money in [the Flair Game](https://coinsight.org/flairgame)\n* Weekly threads: [Newbie Mondays](http://www.reddit.com/r/BitcoinMarkets/search?q=newbie+monday&amp;sort=new&amp;restrict_sr=on&amp;t=all) and [Fundamentals Fridays](http://www.reddit.com/r/BitcoinMarkets/search?q=fundamentals+friday&amp;sort=new&amp;restrict_sr=on&amp;t=all)\n* Altcoins Discussion: [Altcoin Discussion](http://www.reddit.com/r/BitcoinMarkets/search?q=altcoin+discussion&amp;sort=new&amp;restrict_sr=on&amp;t=all)", 'https://www.reddit.com/r/BitcoinMarkets/comments/ewiisk/daily_discussion_friday_january_31_2020/', 'ewiisk', [['u/mikeyvegas17', 21, '2020-01-31 06:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/ewiisk/daily_discussion_friday_january_31_2020/fg2m88m/', 'Either 9.4k turns support, or me turning bullish is confirmed to be a curse for bulls.', 'ewiisk'], ['u/RetardIdiotTrader', 36, '2020-01-31 07:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/ewiisk/daily_discussion_friday_january_31_2020/fg2pnfx/', 'Buy the dip you fuckin weasels', 'ewiisk'], ['u/vekypula', 10, '2020-01-31 07:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/ewiisk/daily_discussion_friday_january_31_2020/fg2sb2m/', 'Showing off to idiots that commented it last night and got upvoted by even bigger morons', 'ewiisk'], ['u/Buckyboycoin', 13, '2020-01-31 08:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/ewiisk/daily_discussion_friday_january_31_2020/fg2uah7/', "Wonder what have happen when your Short was underwater... ( lost $$ )\n\nProbably you don't Post / announce this here.", 'ewiisk'], ['u/DEEPFIELDSTAR', 37, '2020-01-31 09:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/ewiisk/daily_discussion_friday_january_31_2020/fg2w2xt/', 'Pump $1000 in a week but pullback $200 after that. Guarantee this sub becomes bearish before days end.', 'ewiisk'], ['u/aaj094', 10, '2020-01-31 09:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/ewiisk/daily_discussion_friday_january_31_2020/fg2waua/', 'ATH in realised capitalisation (an approximation of average purchase price of current holders):\n\nhttps://coinmetrics.io/charts/#assets=btc_left=CapRealUSD_zoom=1513439648802.1968,1594998566890.108', 'ewiisk'], ['u/Ordinary_investor', 13, '2020-01-31 09:25', 'https://www.reddit.com/r/BitcoinMarkets/comments/ewiisk/daily_discussion_friday_january_31_2020/fg2wmxb/', 'Going by your logic, in absolutely no time in the future, can there be any celebration of bullish movement (by those still sticking around aka selection bias), because that makes it impossible for bullmarket to return. If there is any people left to call for bull market, it is not going to happen. \n\nObviously those celebrating new bull cycle on March 2018, were too early by any standards, but perhaps we could humour the idea, that 2+ years into bear market, there is actually slight hope, that things are actually slowly turning around.', 'ewiisk'], ['u/JohnCryptoRambo', 11, '2020-01-31 11:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/ewiisk/daily_discussion_friday_january_31_2020/fg312fo/', 'Why would diydude do that?', 'ewiisk'], ['u/nodesignation', 11, '2020-01-31 11:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/ewiisk/daily_discussion_friday_january_31_2020/fg31dru/', 'An idea:\n\n[https://www.tradingview.com/x/vuvMTEOn/](https://www.tradingview.com/x/vuvMTEOn/)\n\nIf this were to transpire, 7.4-7.6K would be the range for big longs', 'ewiisk'], ['u/HODLSince2012', 10, '2020-01-31 11:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/ewiisk/daily_discussion_friday_january_31_2020/fg32e1g/', 'People should think about why a big player would telegraph their moves to the public.', 'ewiisk'], ['u/Arceterix', 11, '2020-01-31 12:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/ewiisk/daily_discussion_friday_january_31_2020/fg33r7b/', "[https://www.tradingview.com/chart/BTCUSD/PMogVEvY-BTC-USD-MULTI-TIMEFRAME-ANALYSIS/](https://www.tradingview.com/chart/BTCUSD/PMogVEvY-BTC-USD-MULTI-TIMEFRAME-ANALYSIS/)\n\nThis looks healthy to me, a fall back to 8900. From there, we can grow further to 10k.\n\nKeep in mind that BTC or any cryptocurrency can't keep rising 24/7, otherwise it would be an unhealthy grow. A dip sometimes is good! Let the resistance become a support.", 'ewiisk'], ['u/Quintall1', 12, '2020-01-31 12:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/ewiisk/daily_discussion_friday_january_31_2020/fg356jw/', 'Cant keep rising 24/7... hmmmm...i call your bluff dude\n\nhttps://www.tradingview.com/chart/?symbol=NASDAQ:AAPL\n\nhttps://www.tradingview.com/chart/?symbol=NASDAQ:TSLA', 'ewiisk'], ['u/CONTROLurKEYS', 18, '2020-01-31 13:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/ewiisk/daily_discussion_friday_january_31_2020/fg37vff/', '&gt;Why aren’t we ove... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61
You are an expert financial analyst. Your primary task is to 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 fell by 1.53% on Friday. Partially reversing a 2.23% gain from Thursday, Bitcoin ended the month up 29.95% to $9,367.4. A bearish start to the day saw Bitcoin slide from an early morning intraday high $9,519.9 to an early afternoon intraday low $9,220.3. Steering clear of the major resistance levels, Bitcoin fell through the 38.2% FIB of $9,260 and the first major support level at $9,240.33. Finding support in the 2 nd half of the day, Bitcoin broke back through the first major support level and 38.2% FIB to wrap up January at $9,300 levels. The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, however, in spite of the January rally. For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the top 10 cryptos, it was a mixed day for the crypto majors. Bitcoin Cash SV led the way down, sliding by 8.26%. Bitcoin Cash ABC (-4.78%), Cardano’s ADA (-4.08%), EOS (-3.77%), Monero’s XMR (-3.88%), and Tron’s TRX (-4.06%) also saw heavy losses. Binance Coin (-1.78%), Ethereum (-2.59%), Ripple’s XRP (-1.45%), and Stellar’s Lumen (-3.11%) saw relatively modest losses. Litecoin bucked the trend on the day, eking out a 0.18% gain. For the month, however, it was a particularly bullish start to the year… Bitcoin Cash SV led the way, surging by 183%. Bitcoin Cash ABC (+83.7%), Cardano’s ADA (+64.8%), EOS (+60.5%), Litecoin (+65.4%) also made solid gains. Binance Coin (+33.6%), Ethereum (+39.8%), Ripple’s XRP (+39.8%), Stellar’s Lumen (+35.1%), and Tron’s TRX (+39.8%) trailed the front runners. Through the current week, the crypto total market cap rose from a Monday low $237.76bn to a late Thursday high $263.46bn. At the time of writing, the total market cap stood at $257.42bn. Bitcoin’s dominance returned to 66% levels on Friday, with heavier losses seen across the broader market. Story continues Trading volumes also picked up, rising from sub-$80bn levels on Sunday to $127bn levels on Friday before easing back. At the time of writing, 24-hr volumes stood at $114.11bn. This Morning At the time of writing, Bitcoin was up by 0.19% to $9,385.1. A mixed start to the day saw Bitcoin fall to an early morning low $9,357.6 before striking a high $9,385.5. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day for the cryptos. EOS led the way early, rising by 0.98%. Bitcoin Cash SV (+0.06%), Cardano’s ADA (+0.23%), Ethereum (+0.17%), and Litecoin (+0.12%) also joined Bitcoin in the green. It was a bearish start for the rest, however, with Monero’s XMR falling by 0.58% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to move back through to $9,400 levels to support a run at the first major resistance level at $9,518.10. Support from the broader market would be needed, however, for Bitcoin to break through to $9,500 levels. Barring another broad-based crypto rally, the first major resistance level and Friday’s high $9,519.9 would likely cap any upside. In the event of another breakout, the second major resistance level at $9,668.8 will likely come into play. Failure to move back through to $9,400 levels could see Bitcoin fall back into the red. A fall through the morning low $9,381.0 to sub-$9,370 levels would bring the first major support level at $9,218.5 into play. Barring a crypto meltdown, however, the 38.2% FIB of $9,260 and first major support level should limit any downside on the day. This article was originally posted on FX Empire More From FXEMPIRE: Crude Oil Weekly Price Forecast – crude oil markets testing major support Silver Weekly Price Forecast – Silver Markets Rally Significantly AUD/USD Weekly Price Forecast – Australian Dollar Gets Hammered For The Week USD/JPY Weekly Price Forecast – US Dollar Has Rough Week Against Japanese Yen EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 01/02/20 E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis –Selling Pressure Increases Under 28210', 'Bitcoin fell by 1.53% on Friday. Partially reversing a 2.23% gain from Thursday, Bitcoin ended the month up 29.95% to $9,367.4.\nA bearish start to the day saw Bitcoin slide from an early morning intraday high $9,519.9 to an early afternoon intraday low $9,220.3.\nSteering clear of the major resistance levels, Bitcoin fell through the 38.2% FIB of $9,260 and the first major support level at $9,240.33.\nFinding support in the 2ndhalf of the day, Bitcoin broke back through the first major support level and 38.2% FIB to wrap up January at $9,300 levels.\nThe near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, however, in spite of the January rally.\nFor the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.\nAcross the rest of the top 10 cryptos, it was a mixed day for the crypto majors.\nBitcoin Cash SV led the way down, sliding by 8.26%.\nBitcoin Cash ABC (-4.78%), Cardano’s ADA (-4.08%), EOS (-3.77%), Monero’s XMR (-3.88%), and Tron’s TRX (-4.06%) also saw heavy losses.\nBinance Coin (-1.78%), Ethereum (-2.59%), Ripple’s XRP (-1.45%), and Stellar’s Lumen (-3.11%) saw relatively modest losses.\nLitecoin bucked the trend on the day, eking out a 0.18% gain.\nFor the month, however, it was a particularly bullish start to the year…\nBitcoin Cash SV led the way, surging by 183%.\nBitcoin Cash ABC (+83.7%), Cardano’s ADA (+64.8%), EOS (+60.5%), Litecoin (+65.4%) also made solid gains.\nBinance Coin (+33.6%), Ethereum (+39.8%), Ripple’s XRP (+39.8%), Stellar’s Lumen (+35.1%), and Tron’s TRX (+39.8%) trailed the front runners.\nThrough the current week, the crypto total market cap rose from a Monday low $237.76bn to a late Thursday high $263.46bn. At the time of writing, the total market cap stood at $257.42bn.\nBitcoin’s dominance returned to 66% levels on Friday, with heavier losses seen across the broader market.\nTrading volumes also picked up, rising from sub-$80bn levels on Sunday to $127bn levels on Friday before easing back. At the time of writing, 24-hr volumes stood at $114.11bn.\nAt the time of writing, Bitcoin was up by 0.19% to $9,385.1. A mixed start to the day saw Bitcoin fall to an early morning low $9,357.6 before striking a high $9,385.5.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day for the cryptos.\nEOS led the way early, rising by 0.98%.\nBitcoin Cash SV (+0.06%), Cardano’s ADA (+0.23%), Ethereum (+0.17%), and Litecoin (+0.12%) also joined Bitcoin in the green.\nIt was a bearish start for the rest, however, with Monero’s XMR falling by 0.58% to lead the way down.\nBitcoin would need to move back through to $9,400 levels to support a run at the first major resistance level at $9,518.10.\nSupport from the broader market would be needed, however, for Bitcoin to break through to $9,500 levels.\nBarring another broad-based crypto rally, the first major resistance level and Friday’s high $9,519.9 would likely cap any upside.\nIn the event of another breakout, the second major resistance level at $9,668.8 will likely come into play.\nFailure to move back through to $9,400 levels could see Bitcoin fall back into the red.\nA fall through the morning low $9,381.0 to sub-$9,370 levels would bring the first major support level at $9,218.5 into play.\nBarring a crypto meltdown, however, the 38.2% FIB of $9,260 and first major support level should limit any downside on the day.\nThisarticlewas originally posted on FX Empire\n• Crude Oil Weekly Price Forecast – crude oil markets testing major support\n• Silver Weekly Price Forecast – Silver Markets Rally Significantly\n• AUD/USD Weekly Price Forecast – Australian Dollar Gets Hammered For The Week\n• USD/JPY Weekly Price Forecast – US Dollar Has Rough Week Against Japanese Yen\n• EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 01/02/20\n• E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis –Selling Pressure Increases Under 28210', 'It’s been 27 hours since my last meal and my body is starting to eat itself. Autophagy, literally self-eating, is the latest dietary trend in the crypto community. More commonly known as fasting, the idea is to abstain from ingesting food for a set amount of time, ranging anywhere from 24 hours to an entire month or beyond . In doing so, proponents hope to improve their bodily health and mental acuity. With nine hours left to my own exercise in self-starvation, I feel neither healthy nor sharp. In fact, I’m pretty sure I’m hallucinating. I’m imagining the taste of last night’s dinner. Fatty salmon. The salt on my tongue. A bed made of arugula. Alas, just cotton sheets and pillow to chew on. My only consolation? I’m not alone. Related: Options Growth Will Ignite Innovation in the Bitcoin Market – But Not in the Way You Think I’m skipping meals alongside the Bitcoin Fasting Group, a Telegram channel for crypto-minded people to discuss nutrition, organize fasts and encourage one another through their hunger. Using the predictable pattern of the bitcoin blockchain, which hashes a new set of transactions every 10 minutes, the group schedules 36- to 72-hour communal fasts once in a 2,000-block cycle, or about every two weeks if using a calendar. I joined the channel in the middle of January after seeing a tweet promoting a fast. Beginning at block-height 614,000, a bunch of us (it’s impossible to say how many of the 242 members voluntarily participated) planned to forgo breakfast, lunch and dinner for the sport of it. The fast would start in the middle of the week, and I wanted to test the claims it would improve my productivity. Katie Ananina, the channel’s founder, citizen journalist , and crypto bohemian from Siberia, gave me some pointers before embarking on this extreme – though relatively short – diet. First, don’t expect much; second, like a good Austrian economis **Last 60 Days of Bitcoin's Closing Prices:** [7320.15, 7252.03, 7448.31, 7547.00, 7556.24, 7564.35, 7400.90, 7278.12, 7217.43, 7243.13, 7269.68, 7124.67, 7152.30, 6932.48, 6640.52, 7276.80, 7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-02-01 **Financial & Commodity Data:** - Gold Closing Price: $1582.90 - Crude Oil Closing Price: $51.56 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.57 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: NEW YORK, NY / ACCESSWIRE / January 10, 2020 /The blockchain technology has recorded significant growth over the course of the last decade, starting from a proof of work-based consensus mechanism to modern-age proof of delegate stake, proof of authority, and hyper ledger-based private consortium distributed ledgers. It is evident that the technology is evolving as several new protocols are being tested, and the technology is expected to develop further. The recently trending aspect is what is being termed as 'Blockchain 3.0.' Genesis Ecology: An improved blockchain 3.0 networkAn open-source project calledGenesis Ecologyhas developed a new blockchain system that is claiming to create a complete decentralized economy while solving the scalability issue of cryptocurrencies and given its network throughput and features, it makes Bitcoin and Ethereum networks look slightly backward. Cryptocurrencies, as per the vision of Satoshi Nakamoto, were all were introduced to make payments trustless, cheaper, faster, secure, and easier. Arguably, they have further complicated the process. An overview of traditional blockchain networks and the issues faced by consumers: The existing blockchain networks are utilizing consensus mechanisms that are consuming a high amount of computational power while the efficiency is low. As a result, the Bitcoin network can conduct only 3-5 TPS (transactions-per-second) while the Ethereum is marginally better at 15 TPS. Furthermore, these blockchain networks are not interoperable, which means a user is restricted to remain within the defined ecosystem of a certain blockchain. Take, for example, a person using Ethereum dApp can't access other blockchain networks or associated protocols and digital assets. Thus, considering the fact that cryptocurrencies strive to serve as a replacement of the global payment system, how can these networks manage to process millions of transactions that would happen if these networks get the same traffic as we have in the traditional financial world when throughput is low and interoperability is missing. How does Genesis Ecology stand out by resolving these issues? Genesis Ecology is a new generation blockchain 3.0 network that serves as a better alternative to traditional blockchain networks by resolving the issue of low throughput and interoperability. It offers a complete range of decentralized tools and solutions while also ensuring to offer a throughput of 15,000 transactional per second. Genesis Ecology offers an upgraded architecture for a multi-DAPP platform that is deployed on a public chain, which changes the single-layer architecture design of the basic public chain and creates a real decentralized DEFI financial platform. In addition to the Genesis public chain itself, it offers decentralized browsers, multichain wallets, as well as a software development kit (SDK) for developers aiming to create smart contracts and decentralized applications (dApps). The Genesis Vision for a Decentralized Economy By harnessing the power of cryptography and blockchain, Genesis Ecology is committed to decentralization and trustless distribution of value. It uses the node fission mechanism to create a positive industrial economy revolving Genesis Chain. Genesis Ecology takes DAPP as the entrance and super smart contracts as the guarantee to build a global value network, envisioning to develop a global, industry-wide economic cluster. An ecosystem that is based on blockchain, which ensures transparency, immutability, and disintermediation. Genesis Ecology Cross-Chain Functionality To enable distribution of value without restrictions on a specific blockchain network, or borders and geographic limitations, and to nullify the influence of traditional financial institutions and banks, the Genesis Ecology will adopt a multichain structure to support multi blockchains and cross-chain functionality, the core chain of which is used as the control blockchain. The rest of the different common chains are combined according to the instructions of the control blockchain to become the general asset chain on the Genesis Ecosystem. Although the consensus mechanism and algorithm of each asset chain and the parameters of each blockchain may be quite different, the data exchange and asset transaction between different assets can be realized under the control of the control chain. The Use Cases The Genesis Ecology network has the potential to serve as a blockchain protocol optimized for the decentralized distribution of value, decentralized payments, and decentralized. It is a network that is designed for developers aiming to create dApps while escaping the influence of centralized app stores who charge hefty fee and have unfair revenue sharing models; for merchants aiming to accept payments while not having to rely on payment processors or banks; for businesses aiming to tokenize their assets; or institutions looking to deploy their operations on a trustless, transparent blockchain network. The Genesis protocol is the next evolution in the blockchain, a truly viable blockchain 3.0 solution that will be particularly fit for all sorts of use cases and industries. About Genesis Ecology: Genesis Ecology is a new generation of multi-dApp ecological platform based on its native public chain network. It uses diversified, decentralized financial DEFI based on GE multichain wallet, including ETH, EOS, and GE public chain DAPP ecosystem, and Genesis Ecology can provide high-quality and reliable protection mechanisms for these defi-dApps. It changes the single-layer architecture design of the basic public chain and creates a truly decentralized DEFI financial platform. Moreover, it also offers a diversified cross-chain wallet to promote the construction of the asset management platform. For more information, followhttp://genesis-ecology.com/#/home.Contact:Name : Xavier D. AustinEmail:[email protected] SOURCE:genesis View source version on accesswire.com:https://www.accesswire.com/572690/Issues-faced-by-existing-blockchain-networks-Blockchain-30-and-Genesis-Ecology... - Reddit Posts (Sample): [['u/MakeTotalDestr0i', 'I replaced the word "crime" and "criminal" with "Freedom" and "Freedom lovers" in this hit piece against privacy by Chainanalysis. it is now a guide to reclaiming some privacy', 82, '2020-02-01 01:02', 'https://www.reddit.com/r/Bitcoin/comments/ewxi16/i_replaced_the_word_crime_and_criminal_with/', '#What comes next for crypto Freedom?\n\nCrypto Freedom will likely continue to evolve in both scope and technological sophistication,\njust like cryptocurrency itself. As law enforcement, regulators, and cryptocurrency\nprofessionals improve their ability to prevent and respond to various forms of crypto Freedom,\nthe Freedom lovers themselves will also grow more sophisticated — that’s the one constant we’ve\nseen as blockchain investigators.\n\nHere are some thoughts on for how crypto Freedom might evolve in the near term.\n\n1. More non-custodial mixers.\nFollowing the closure of Bestmixer, we believe users — Freedom lovers and not — will search\nfor alternatives to third party custodial mixers such as wallets that offer native mixing\nfunctionality similar to CoinJoin wallets like Wasabi. It’s likely that more currencies\nbesides Bitcoin will get analogs to CoinJoin, as we’ve seen with CoinShuffle for Bitcoin\nCash and mixing via smart contracts for Ethereum.\n\n2. Chain hopping as another alternative to custodial mixing services.\nIn addition to native in-wallet mixing, we also think some Freedom lovers may begin to favor\nchain-hopping as an alternative to third-party mixing. Chain hopping is the process of\nswapping one type of cryptocurrency for another, often several times in quick succession,\ntypically at low-KYC exchanges so as to further obfuscate the path of funds.\n\n3. Privacy coins.\nAs we mentioned in the darknet markets section, privacy coins like **Monero** are gaining\npopularity and could become the cryptocurrency of choice for more Freedom lovers in 2020.\nPrivacy coins increase user anonymity by using an obfuscated public ledger rather than\na fully public one like Bitcoin’s. As more exchanges begin accepting privacy coins, they\nshould also collaborate with regulators, law enforcement, and one another to establish\nframeworks for investigations of Freedom lovers who use privacy coins.\n\n4. More anonymous P2P exchange options.\nWe believe that non-custodial, decentralized exchanges like Bisq network will continue\nto gain popularity with Freedom lovers in 2020. Decentralized exchanges allow peer-to-peer\ntransactions without the exchange acting as a mediating third-party. We may also see\nFreedom lovers using P2P exchanges benefit from upcoming Bitcoin protocol changes like\nTaproot and Schnorr Signatures, which make the complicated smart contract-based\ntransactions carried out on P2P exchanges look identical to standard transactions on\nthe blockchain. \n\n\n.............\n\noriginal\n&gt; &gt; &gt; &gt; &gt; \n&gt; &gt; &gt; &gt; &gt; #What comes next for crypto crime?\n&gt; &gt; &gt; &gt; &gt; \n&gt; &gt; &gt; &gt; &gt; Crypto crime will likely continue to evolve in both scope and technological sophistication,\n&gt; &gt; &gt; &gt; &gt; just like cryptocurrency itself. As law enforcement, regulators, and cryptocurrency\n&gt; &gt; &gt; &gt; &gt; professionals improve their ability to prevent and respond to various forms of crypto crime,\n&gt; &gt; &gt; &gt; &gt; the criminals themselves will also grow more sophisticated — that’s the one constant we’ve\n&gt; &gt; &gt; &gt; &gt; seen as blockchain investigators.\n&gt; &gt; &gt; &gt; &gt; Here are some thoughts on for how crypto crime might evolve in the near term.\n&gt; &gt; &gt; &gt; &gt; 1. More non-custodial mixers.\n&gt; &gt; &gt; &gt; &gt; Following the closure of Bestmixer, we believe users — criminals and not — will search\n&gt; &gt; &gt; &gt; &gt; for alternatives to third party custodial mixers such as wallets that offer native mixing\n&gt; &gt; &gt; &gt; &gt; functionality similar to CoinJoin wallets like Wasabi. It’s likely that more currencies\n&gt; &gt; &gt; &gt; &gt; besides Bitcoin will get analogs to CoinJoin, as we’ve seen with CoinShuffle for Bitcoin\n&gt; &gt; &gt; &gt; &gt; Cash and mixing via smart contracts for Ethereum.\n&gt; &gt; &gt; &gt; &gt; 2. Chain hopping as another alternative to custodial mixing services.\n&gt; &gt; &gt; &gt; &gt; In addition to native in-wallet mixing, we also think some criminals may begin to favor\n&gt; &gt; &gt; &gt; &gt; chain-hopping as an alternative to third-party mixing. Chain hopping is the process of\n&gt; &gt; &gt; &gt; &gt; swapping one type of cryptocurrency for another, often several times in quick succession,\n&gt; &gt; &gt; &gt; &gt; typically at low-KYC exchanges so as to further obfuscate the path of funds.\n&gt; &gt; &gt; &gt; &gt; 3. Privacy coins.\n&gt; &gt; &gt; &gt; &gt; As we mentioned in the darknet markets section, privacy coins like Monero are gaining\n&gt; &gt; &gt; &gt; &gt; popularity and could become the cryptocurrency of choice for more criminals in 2020.\n&gt; &gt; &gt; &gt; &gt; Privacy coins increase user anonymity by using an obfuscated public ledger rather than\n&gt; &gt; &gt; &gt; &gt; a fully public one like Bitcoin’s. As more exchanges begin accepting privacy coins, they\n&gt; &gt; &gt; &gt; &gt; should also collaborate with regulators, law enforcement, and one another to establish\n&gt; &gt; &gt; &gt; &gt; frameworks for investigations of criminals who use privacy coins.\n&gt; &gt; &gt; &gt; &gt; 4. More anonymous P2P exchange options.\n&gt; &gt; &gt; &gt; &gt; We believe that non-custodial, decentralized exchanges like Bisq network will continue\n&gt; &gt; &gt; &gt; &gt; to gain popularity with criminals in 2020. Decentralized exchanges allow peer-to-peer\n&gt; &gt; &gt; &gt; &gt; transactions without the exchange acting as a mediating third-party. We may also see\n&gt; &gt; &gt; &gt; &gt; criminals using P2P exchanges benefit from upcoming Bitcoin protocol changes like\n&gt; &gt; &gt; &gt; &gt; Taproot and Schnorr Signatures, which make the complicated smart contract-based\n&gt; &gt; &gt; &gt; &gt; transactions carried out on P2P exchanges look identical to standard transactions on\n&gt; &gt; &gt; &gt; &gt; the blockchain.', 'https://www.reddit.com/r/Bitcoin/comments/ewxi16/i_replaced_the_word_crime_and_criminal_with/', 'ewxi16', [['u/dietrolldietroll', 21, '2020-02-01 01:03', 'https://www.reddit.com/r/Bitcoin/comments/ewxi16/i_replaced_the_word_crime_and_criminal_with/fg50pb9/', 'Freedom will never be granted; It must be taken by force, or by unstoppable networks.', 'ewxi16'], ['u/oogally', 19, '2020-02-01 03:56', 'https://www.reddit.com/r/Bitcoin/comments/ewxi16/i_replaced_the_word_crime_and_criminal_with/fg5f3kv/', 'Lol, it actually reads great.\nWhat assholes. \nNice work, OP.', 'ewxi16']]], ['u/Helen_Roper', 'Your Bitcoin story?', 17, '2020-02-01 01:32', 'https://www.reddit.com/r/Bitcoin/comments/ewxw95/your_bitcoin_story/', "I've only known about/been following bitcoin since the spike of 2017. If willing to share, I'm curious of how you heard of/started investing in Bitcoin - especially those who were pre-the-boom. \nBasically, I'm just an old lady who likes to read about peoples stories and also likes Bitcoin. \nNot only am I still learning about Bitcoin (its a long road for me, I'm the tortoise in the race), I'm also trying to learn about Reddit. So - I apologize if this is a question that's already been asked a million times and the dead horse has been pulverized at this point. I couldn't figure out how to search on here.", 'https://www.reddit.com/r/Bitcoin/comments/ewxw95/your_bitcoin_story/', 'ewxw95', [['u/EdgeUHF', 10, '2020-02-01 08:30', 'https://www.reddit.com/r/Bitcoin/comments/ewxw95/your_bitcoin_story/fg5wsuk/', "This is my story with bitcoin, I'm prob gonna get sh\\*t for it for people not agreeing with me for certain stuff (I'm used to it online and offline) but at the moment I don't care so here goes:\n\n30-40 odd years ago in high-school, I was always into history but teachers would want students to learn stuff by heart like zombies. I wanted real answers to my questions. Instead of learning stuff like a robot, I was too busy hacking people in the early days of the internet. Yes that's right in my teens I was controlling other people's PCs. I was very interested in how hardware and software works. I was told by my parents to get off the internet at 4AM being charged at normal call rates and keeping the landline busy..little did they know the internet would be big.\n\nI studied in a different field, went to special forces/compulsory army, had 3 prestigious/top degrees under my belt I thought I could use to get me a jobs but that guaranteed me nothing. I got an internship and stupidly like other people in my country I worked for free for about a month. Guys please learn from me and do not do any work for free. The only things that have ever given me a paid job up to now are my skills I obtained through my hobbies.\n\nIt was around 2007-2008. Had to move country (brain drain of the country) due to the economic crisis as my country got destroyed by its own government, the EU(inc ECB, German and French banks) and IMF. I was laid off because companies I worked at shut down. The only people still employed were over 50 years old, real youth (under 25) unemployment was 80%+ and the only people still working were the ones who knew people on the inside. I didn't have such connections. I believed in meritocracy; as in the more I try the more I will receive. The world doesn't quite work like that and throws you a curb ball once in a while. The country I moved to ended up also having huge unemployment. I had to adapt. Countries had so much unemployment and I was looking for jobs. Recruiters shut their doors and only took-stuff in online because they were overwhelmed with CVs.\n\nSo I then became one of those conspiracy nutjobs (without tinfoil hats mind you). With 4 other people I ended up having a facebook group b... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24
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:** ['Bitcoin rose by 0.43% on Saturday. Partially reversing a 1.53% fall from Friday, Bitcoin ended the day at $9,408.0. A bullish start to the day saw Bitcoin rise to an early morning intraday high $9,476.4 before hitting reverse. Falling short of the first major resistance level at $9,518.1, Bitcoin slid to a mid-day intraday low $9,318.0. Steering clear of the 38.2% FIB of $9,260.0 and the first major support level at $9,218.5, Bitcoin recovered to an afternoon high $9,444.3 before easing back. The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, however, in spite of the January rally. For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the top 10 cryptos, it was a bullish day for the crypto majors. Cardano’s ADA and Litecoin led the way on the day, rallying by 4.07% and 4.02% respectively. Bitcoin Cash SV (+2.72%), Ethereum (+2.10%), and Tron’s TRX (+2.59%) also found strong support. Bitcoin Cash ABC (+1.41%), EOS (+0.11%), Monero’s XMR (+1.46%), Ripple’s XRP (+0.71%), and Stellar’s Lumen (+1.63%) trailed the front runners. Binance Coin bucked the trend, closing out the day flat. Through the current week, the crypto total market cap rose from a Monday low $237.76bn to a late Thursday high $263.46bn. At the time of writing, the total market cap stood at $257.55bn. Bitcoin’s dominance fell back to sub-66% levels after the modest gain from Saturday before rising back to 66% levels this morning. Trading volumes also picked up, rising from sub-$80bn levels last Sunday to $127bn levels on Friday before easing back. At the time of writing, 24-hr volumes stood at $99.60bn. This Morning At the time of writing, Bitcoin was down by 0.62% to $9,350.1. A bearish start to the day saw Bitcoin fall from an early morning high $9,410.5 to a low $9,350.0. Bitcoin left the major support and resistance levels untested early on. Story continues Elsewhere, it was also a bearish start to the day for the cryptos. Bitcoin Cash SV (-1.70%) and Litecoin (-1.60%) led the way down early on. Monero’s XMR (-0.90%) and Stellar’s Lumen (-0.96%) saw modest losses relative to the rest of the pack. For the Bitcoin Day Ahead Bitcoin would need to move back through to $9,400 levels to support a run at the first major resistance level at $9,483.60 Support from the broader market would be needed, however, for Bitcoin to break out from Saturday’s high $9,476.4. Barring another broad-based crypto rally, the first major resistance level would likely leave Bitcoin short of Saturday’s high $9,519.9. In the event of another breakout, the second major resistance level at $9,559.2 will likely come into play. Failure to move back through to $9,400 levels could see Bitcoin fall deeper into the red. A fall through the morning low $9,350.0 would bring the first major support level at $9,325.2 into play. Barring a crypto meltdown, however, Bitcoin should steer clear of the 38.2% FIB of $9,260 and second major support level at $9.242.4. This article was originally posted on FX Empire More From FXEMPIRE: Brent Crude Oil Price Update – There’s Enough Downside Momentum to Drive Prices into $54.80 to $52.78 AUD/USD Forex Technical Analysis – March 2009 Bottom at .6285 is on the Radar NZD/USD Forex Technical Analysis – Sharply Lower Opening on Monday Will Target .6416 US Stock Market Overview – Stocks Tumble on Coronavirus Fears Aussie Dollar Plummets in Sympathy with Chinese Yuan; Recession Fears Drive Japanese Yen Higher USD/JPY Forex Technical Analysis – 107.651 is Trigger Point for Steep Break', 'Bitcoin rose by 0.43% on Saturday. Partially reversing a 1.53% fall from Friday, Bitcoin ended the day at $9,408.0. A bullish start to the day saw Bitcoin rise to an early morning intraday high $9,476.4 before hitting reverse. Falling short of the first major resistance level at $9,518.1, Bitcoin slid to a mid-day intraday low $9,318.0. Steering clear of the 38.2% FIB of $9,260.0 and the first major support level at $9,218.5, Bitcoin recovered to an afternoon high $9,444.3 before easing back. The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, however, in spite of the January rally. For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the top 10 cryptos, it was a bullish day for the crypto majors. Cardano’s ADA and Litecoin led the way on the day, rallying by 4.07% and 4.02% respectively. Bitcoin Cash SV (+2.72%), Ethereum (+2.10%), and Tron’s TRX (+2.59%) also found strong support. Bitcoin Cash ABC (+1.41%), EOS (+0.11%), Monero’s XMR (+1.46%), Ripple’s XRP (+0.71%), and Stellar’s Lumen (+1.63%) trailed the front runners. Binance Coin bucked the trend, closing out the day flat. Through the current week, the crypto total market cap rose from a Monday low $237.76bn to a late Thursday high $263.46bn. At the time of writing, the total market cap stood at $257.55bn. Bitcoin’s dominance fell back to sub-66% levels after the modest gain from Saturday before rising back to 66% levels this morning. Trading volumes also picked up, rising from sub-$80bn levels last Sunday to $127bn levels on Friday before easing back. At the time of writing, 24-hr volumes stood at $99.60bn. This Morning At the time of writing, Bitcoin was down by 0.62% to $9,350.1. A bearish start to the day saw Bitcoin fall from an early morning high $9,410.5 to a low $9,350.0. Bitcoin left the major support and resistance levels untested early on. Story continues Elsewhere, it was also a bearish start to the day for the cryptos. Bitcoin Cash SV (-1.70%) and Litecoin (-1.60%) led the way down early on. Monero’s XMR (-0.90%) and Stellar’s Lumen (-0.96%) saw modest losses relative to the rest of the pack. For the Bitcoin Day Ahead Bitcoin would need to move back through to $9,400 levels to support a run at the first major resistance level at $9,483.60 Support from the broader market would be needed, however, for Bitcoin to break out from Saturday’s high $9,476.4. Barring another broad-based crypto rally, the first major resistance level would likely leave Bitcoin short of Saturday’s high $9,519.9. In the event of another breakout, the second major resistance level at $9,559.2 will likely come into play. Failure to move back through to $9,400 levels could see Bitcoin fall deeper into the red. A fall through the morning low $9,350.0 would bring the first major support level at $9,325.2 into play. Barring a crypto meltdown, however, Bitcoin should steer clear of the 38.2% FIB of $9,260 and second major support level at $9.242.4. This article was originally posted on FX Empire More From FXEMPIRE: Brent Crude Oil Price Update – There’s Enough Downside Momentum to Drive Prices into $54.80 to $52.78 AUD/USD Forex Technical Analysis – March 2009 Bottom at .6285 is on the Radar NZD/USD Forex Technical Analysis – Sharply Lower Opening on Monday Will Target .6416 US Stock Market Overview – Stocks Tumble on Coronavirus Fears Aussie Dollar Plummets in Sympathy with Chinese Yuan; Recession Fears Drive Japanese Yen Higher USD/JPY Forex Technical Analysis – 107.651 is Trigger Point for Steep Break', 'As the United Kingdom left the European Union this week, the Paris-based hardware provider Ledger and Vienna-based exchange Bitpanda made their thoughts known on the theme of “Brexit.”\nHanging in Canary Wharf, a financial district in London, on Friday was Ledger’s 7-by-4-meter digital billboard, reviving and modifying the controversial pro-Brexit slogan “take back control.”\nPascal Gauthier, Ledger’s CEO, said he was employing the phrase “to make a point about bitcoin.” There are similar values shared between the Brexit movement and crypto community, he said. But only crypto lets people “take back control for real,” as the advertisement read. The billboard was put up Friday for 24 hours.\nRelated:UK Cricket Club Will Issue This Season’s Tickets Over a Blockchain\n“We find it amusing that the same sentence, taking back control, can mean two different things,” Gauthier said in a phone call. “It’s a great moment to frame one of bitcoin’s taglines as an effective way to take back control over your money, digital secrets, and private key.”\nThe billboard is meant to challenge the nativism behind Brexit’s success. “Brexit means taking back control over borders and currency. It’s very U.K.-centric. Bitcoin is the opposite. It’s a borderless, global technology,” Gauthier said.\nThe executive is waiting to see how Brexit’s trade deals will affect his company going forward. Ledger opened a U.K. operation last quarter and employs several people in London, though does not have “a physical office at this time.”\nCrypto exchange Bitpanda took a harder line on the U.K.’s departure.\nRelated:Crypto Custody Provider Ledger Extends Reach in Asia With New Institutional Client\n“Personally, I think Brexit is a mistake,” said Eric Demuth, the Vienna-based co-CEO and founder. “I feel like many people do not see the great impact and were misled by the personal short-term goals of some politicians. No self-promoting politician should be a reason for anyone to be stripped of their freedoms.”\nMaking light of this alleged political grift, Bitpanda shelled out for a multi-day advertising campaign reminding viewers that “millions of people can’t be wrong.”\n“Unless they’re British.”\nThe admonishment will hang at “The Screen” in Canary Wharf and three other London locations, on 38 installations throughout Glasgow, Scotland and throughout the Belgium capital of Brussels.\n“We want to provoke people to think about the impact their vote has on their lives,” Demuth said.\nPeter McCormack, a prominent crypto commenter based in England, called the sign “hypocritical” and said “real bitcoiners would probably support Brexit.” For his part, McCormack said he supports the divorce in theory, though he recognizes **Last 60 Days of Bitcoin's Closing Prices:** [7252.03, 7448.31, 7547.00, 7556.24, 7564.35, 7400.90, 7278.12, 7217.43, 7243.13, 7269.68, 7124.67, 7152.30, 6932.48, 6640.52, 7276.80, 7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-02-02 **Financial & Commodity Data:** - Gold Closing Price: $1582.90 - Crude Oil Closing Price: $51.56 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.57 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: With bitcoin set for its best-ever January, Markets Daily is back with today’s crypto news roundup. For early access before our regular noon Eastern Time releases, subscribe with Apple Podcasts , Spotify , Pocketcasts , Google Podcasts , Castbox , Stitcher , RadioPublica or RSS . Today’s news: Related: Binance US CEO Catherine Coley Explains Why Crypto Exchanges Are Rushing Into Staking Bitcoin Eyes Best January Close in 7 Years After 30% Price Increase Lawyers Ramp Up Pressure to Exhume Quadriga CEO’s Body Swiss Company Gets Green Light to Incorporate for a Blockchain IPO Crypto Ponzi OneCoin May Have Used Flood of Fake Reviews to Boost Ailing Image Related: Narrative Watch: The Future of Crypto FUD Atari is back! With a chain of hotels? For early access before our regular noon Eastern Time releases, subscribe with Apple Podcasts , Spotify , Pocketcasts , Google Podcasts , Castbox , Stitcher , RadioPublica or RSS . Related Stories MARKETS DAILY: Crypto News Roundup for Jan. 28, 2020 Crypto News Roundup for Jan. 27, 2020... - 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.
9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05
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:** ['Bitcoin fell by 0.61% on Sunday. Reversing a 0.43% gain from Saturday, Bitcoin ended the week up 8.47% to $9,352.2.\nA bearish start to the day saw Bitcoin slide to an early morning intraday low $9,165.0.\nBitcoin fell through the 38.2% FIB of $9,260 and the major support level at $9,218.5 before making a move.\nThrough the morning, Bitcoin bounced back to a mid-day intraday high 9,501.0. A late in the day sell-off, however, saw Bitcoin fall back to sub-$9,400 levels and into the red.\nThe near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact in spite of last week’s gain.\nFor the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.\nAcross the rest of the top 10 cryptos, it was a mixed day for the crypto majors.\nRipple’s XRP and Stellar’s Lumen led the way, rallying by 3.93% and by 3.59% respectively.\nBinance Coin (+0.99%), EOS (+1.65%), Ethereum (+2.62%), Monero’s XMR (+2.90%) and Tron’s TRX (+0.25%) also saw green.\nIt was a bearish day for the rest of the pack, however.\nBitcoin Cash ABC (-0.15%), Bitcoin Cash SV (-0.25%), Cardano’s ADA (+0.53%), and Litecoin (-1.23%) joined Bitcoin in the red.\nIt was a bullish week for the majors, however.\nCardano’s ADA (+24.55%) and Litecoin (+24.48%) led the way.\nBitcoin Cash ABC (+8.58%), EOS (+15.80%), Ethereum (+12.36%), Monero’s XMR (+16.57%), and Tron’s TRX (+13.03%) also made solid gains.\nBinance Coin (+5.43%), Bitcoin Cash SV (+1.30%), Ripple’s XRP (+8.54%), and Stellar’s Lumen (+8.67%) trailed the front runners in the week.\nThrough the current week, the crypto total market cap rose from a Monday low $237.76bn to a Sunday high $263.75bn. At the time of writing, the total market cap stood at $260.11bn.\nBitcoin’s dominance fell back to sub-66% levels after Sunday’s loss as the broader market saw green.\nTrading volumes picked up, rising from sub-$80bn levels to $127bn levels on Friday before easing back. At the time of writing, 24-hr volumes stood at $115.18bn.\nAt the time of writing, Bitcoin was up by 0.19% to $9,369.9. A mixed start to the day saw Bitcoin fall to an early morning low $9,307.5 before striking a high $9,389.4.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a bullish start to the day, with Ripple’s XRP up by 1.27% to lead the way early on.\nBitcoin would need to move back through to $9,400 levels to support a run at the first major resistance level at $9,514.0.\nSupport from the broader market would be needed, however, for Bitcoin to break back through to $9,500 levels.\nBarring another broad-based crypto rally, the first major resistance level and Sunday’s high $9,501.3 would likely cap any upside.\nIn the event of another breakout, the second major resistance level at $9,675.8 would likely come into play.\nFailure to move back through to $9,400 levels could see Bitcoin fall back into the red.\nA fall back through to sub-$9,340.0 levels would bring the first major support level at $9,177.7 into play.\nBarring another crypto sell-off, however, Bitcoin should steer clear of sub-$9,200 levels. The 38.2% FIB of $9,260 should limit any downside on the day.\nThisarticlewas originally posted on FX Empire\n• European Equities: Economic Data in Focus as the Chinese Markets Reopen\n• The Week Ahead – Economic Data, the RBA and the Coronavirus in Focus\n• China Stocks to Open Sharply Lower – This Won’t Be a ‘Flash Crash’, but Real Selling\n• USD/JPY Fundamental Weekly Forecast – Global Stock Market Meltdown Will Sink Dollar/Yen\n• Natural Gas Price Fundamental Weekly Forecast – Set Up for Rally, But Needs Weather to Cooperate\n• EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 03/02/20', 'Bitcoin fell by 0.61% on Sunday. Reversing a 0.43% gain from Saturday, Bitcoin ended the week up 8.47% to $9,352.2. A bearish start to the day saw Bitcoin slide to an early morning intraday low $9,165.0. Bitcoin fell through the 38.2% FIB of $9,260 and the major support level at $9,218.5 before making a move. Through the morning, Bitcoin bounced back to a mid-day intraday high 9,501.0. A late in the day sell-off, however, saw Bitcoin fall back to sub-$9,400 levels and into the red. The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact in spite of last week’s gain. For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the top 10 cryptos, it was a mixed day for the crypto majors. Ripple’s XRP and Stellar’s Lumen led the way, rallying by 3.93% and by 3.59% respectively. Binance Coin (+0.99%), EOS (+1.65%), Ethereum (+2.62%), Monero’s XMR (+2.90%) and Tron’s TRX (+0.25%) also saw green. It was a bearish day for the rest of the pack, however. Bitcoin Cash ABC (-0.15%), Bitcoin Cash SV (-0.25%), Cardano’s ADA (+0.53%), and Litecoin (-1.23%) joined Bitcoin in the red. It was a bullish week for the majors, however. Cardano’s ADA (+24.55%) and Litecoin (+24.48%) led the way. Bitcoin Cash ABC (+8.58%), EOS (+15.80%), Ethereum (+12.36%), Monero’s XMR (+16.57%), and Tron’s TRX (+13.03%) also made solid gains. Binance Coin (+5.43%), Bitcoin Cash SV (+1.30%), Ripple’s XRP (+8.54%), and Stellar’s Lumen (+8.67%) trailed the front runners in the week. Through the current week, the crypto total market cap rose from a Monday low $237.76bn to a Sunday high $263.75bn. At the time of writing, the total market cap stood at $260.11bn. Bitcoin’s dominance fell back to sub-66% levels after Sunday’s loss as the broader market saw green. Trading volumes picked up, rising from sub-$80bn levels to $127bn levels on Friday before easing back. At the time of writing, 24-hr volumes stood at $115.18bn. Story continues This Morning At the time of writing, Bitcoin was up by 0.19% to $9,369.9. A mixed start to the day saw Bitcoin fall to an early morning low $9,307.5 before striking a high $9,389.4. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a bullish start to the day, with Ripple’s XRP up by 1.27% to lead the way early on. For the Bitcoin Day Ahead Bitcoin would need to move back through to $9,400 levels to support a run at the first major resistance level at $9,514.0. Support from the broader market would be needed, however, for Bitcoin to break back through to $9,500 levels. Barring another broad-based crypto rally, the first major resistance level and Sunday’s high $9,501.3 would likely cap any upside. In the event of another breakout, the second major resistance level at $9,675.8 would likely come into play. Failure to move back through to $9,400 levels could see Bitcoin fall back into the red. A fall back through to sub-$9,340.0 levels would bring the first major support level at $9,177.7 into play. Barring another crypto sell-off, however, Bitcoin should steer clear of sub-$9,200 levels. The 38.2% FIB of $9,260 should limit any downside on the day. This article was originally posted on FX Empire More From FXEMPIRE: European Equities: Economic Data in Focus as the Chinese Markets Reopen The Week Ahead – Economic Data, the RBA and the Coronavirus in Focus China Stocks to Open Sharply Lower – This Won’t Be a ‘Flash Crash’, but Real Selling USD/JPY Fundamental Weekly Forecast – Global Stock Market Meltdown Will Sink Dollar/Yen Natural Gas Price Fundamental Weekly Forecast – Set Up for Rally, But Needs Weather to Cooperate EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 03/02/20', 'Cryptocurrency is a potentially great digital asset for investment. Some cryptocurrencies have better options for investment in 2020. Do you want to know what digital currencies are worth investing your money in the next 12 months? Read the following recommendations. Factors to consider when choosing a cryptocurrency for investing in 2020 Despite the international trend of cryptocurrency devaluation in 2019, some coins still possess a very good potential for making quick and long-term ROI. Do not pay attention only to the current rate of cryptocurrencies because this index is the most volatile and may change drastically within a few weeks (take, for instance, the dramatic drop of Bitcoin price in 2018). On the contrary, consider the following factors and indicators: Market capitalization – the value of all issued digital coins of the particular cryptocurrency. High market cap means a large volume of the crypto coins participating in active transactions, which means an enhanced interest of investors; Liquidity level – the higher it is, the faster a cryptocurrency can be sold at the market price. The most popular cryptocurrencies – Ethereum, Bitcoin and Ripple – have a high liquidity rate. Trading activity on exchanges indicates the number of transactions with certain cryptos made over a certain period. This indicator shows an actual demand in particular cryptocurrencies among traders; Check the current top 10 cryptocurrencies with the highest market cap (January 28, 2020): Source: https://coinmarketcap.com/ Rules to learn before investing in cryptocurrencies in 2020 According to AMarkets expert Artem Deev, the following recommendations will help to minimize risks and increase ROI for cryptocurrency investors this year: Diversify your investments – never invest money in one asset. New traders and investors make this mistake repeatedly and, as a result, lose all money after the first failing deal. Diversify your investment portfolio. At least one of the chosen cryptocurrencies will bring profits and you will be able to minimize losses; Do not blindly trust one source of data – always use a few sources (chats, forums, expert opinion, financial analysis, brokers); Learn and observe – it is the only way to pick the best cryptocurrencies and the entry point to this extremely volatile market; Story continues Top 5 cryptocurrencies to invest in 2020: 1. Bitcoin In May 2020, the first and major cryptocurrency developers will o **Last 60 Days of Bitcoin's Closing Prices:** [7448.31, 7547.00, 7556.24, 7564.35, 7400.90, 7278.12, 7217.43, 7243.13, 7269.68, 7124.67, 7152.30, 6932.48, 6640.52, 7276.80, 7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-02-03 **Financial & Commodity Data:** - Gold Closing Price: $1577.20 - Crude Oil Closing Price: $50.11 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.59 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Blockchain startup ChromaWay acquired Antler Interactive, a European immersive game studio in a bid to build out its existing game catalog. ChromaWay, the Stockholm-based blockchain services provider, plans to add Antler’s upcoming suite of games to its own blockchain Chromia, with the acquisition, a spokesperson from the company said. Antler will remain a separate company, though one that will now work closely with ChromaWay to develop more blockchain games. The spokesperson declined to disclose financial terms on the deal, which was announced Wednesday . Related: Inter-American Development Bank to Pilot Land Registries on Blockchain Formed in 2014, ChromaWay develops both public and private blockchains for the real estate and finance industries. It raised approximately $14 million through its CHR token sale in October last year, according to Crunchbase. Chromia Studios, ChromaWay’s game unit, launched earlier this year , partnering with game designer Workinman Interactive to develop games on top of the blockchain network. “Antler Interactive, with their knowledge and focus in blockchain technology applied to gaming, will integrate their games on our relational blockchain platform, Chromia,” the spokesperson said. Antler Interactive, formerly known as SVRVIVE Studios, claims it has created some of the best-selling virtual reality games, like SVRVIVE: The Deus Helix, and its most recent release was the puzzle-adventure game Krystopia: A Puzzle Journey. Related: Game Maker Electronic Arts Trolls Crypto Twitter Krystal Kart AR, released at the beginning of 2019, is Antler’s first AR game built with blockchain integration, according to the studio. “Antler Interactive has continuously been pioneering gaming for new technologies. Partnering with them allows us to expand ChromaWay’s mission to build the underlying framework for a decentralized society.” Henrik Hjelte, ChromaWay’s CEO, said in a statement. Related Stories A Bitcoin Treasure Hunt Is Coming to College Campuses This Fall New Crypto-Stealing Ransomware Targets Fortnite Players... - 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.
9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Crypto derivatives exchange BitMEX is set to roll out a new perpetual swap contract for the XRP cryptocurrency. The XRP/USD swap contract is going live on February 5 at 4:00 UTC, BitMEX announced on Twitter. The product was first revealed in January. "Is it called Ripple, XRP, or dogshit? Who knows, who cares. It\x92s worth more than zero so it\x92s time to trade the USD pair on BitMEX," tweeted Arthur Hayes, co-founder and CEO of BitMEX. The XRP/USD contract will offer leverage of up to 50 times, according to information on the BitMEX website. \x93All margin is posted in Bitcoin, that means traders can go long or short this contract using only Bitcoin,\x94 said the exchange. Notable exchanges have started offering perpetual contracts for XRP. Earlier this month, Binance Futures launched the XRP/Tether (USDT) contract, which offers leverage of up to 75 times. Other little-known crypto exchanges Delta and BaseFEX have been offering such contracts for some time now. One XRP is currently valued at around $0.25, according to CoinGecko.', 'Crypto derivatives exchange BitMEX is set to roll out a new perpetual swap contract for the XRP cryptocurrency.\nThe XRP/USD swap contract is going live on February 5 at 4:00 UTC, BitMEXannouncedon Twitter. The product was firstrevealedin January."Is it called Ripple, XRP, or dogshit? Who knows, who cares. It’s worth more than zero so it’s time to trade the USD pair on BitMEX,"tweetedArthur Hayes, co-founder and CEO of BitMEX.\nThe XRP/USD contract will offer leverage of up to 50 times, according toinformationon the BitMEX website. “All margin is posted in Bitcoin, that means traders can go long or short this contract using only Bitcoin,” said the exchange.\nNotable exchanges have started offering perpetual contracts for XRP. Earlier this month,Binance Futureslaunched the XRP/Tether (USDT) contract, which offers leverage of up to 75 times. Other little-known crypto exchangesDeltaandBaseFEXhave been offering such contracts for some time now.\nOne XRP is currentlyvaluedat around $0.25, according to CoinGecko.', 'LONDON, UK / ACCESSWIRE / February 4, 2020 /Digital Asset & Commodity Exchange and US Gold Currency together with Blockfills have partnered to launch the world\'s first crypto-gold & fiat stablecoin-gold pairs market.\nUS Gold Currency, Inc. (USGold) is the issuer of the USG Token, each USG is a digital asset - a direct representation of an American Eagle one-ounce gold coin, minted by the United States of America. The holders of USG tokens given at any time may redeem their USG tokens for the physical gold coin (1:1).\nUSG tokens are digital assets issued and administered via a Smart Contract on Ethereum, a blockchain-based distributed computing platform. Providing immutable transparent transactions for safety and accuracy. Every American Eagle one-ounce gold coin backing a USG token is stored in a fully insured, secure vault, and audited annually by an independent third-party auditing firm.\nWithDACXintroducing a direct flight-to-safety for crypto assets in gold pairs such as BTC/USG, ETH/USG & USG/USDT, ensures stability in the crypto financial ecosystem (i.e. the global crypto market cap). Consumers and businesses benefit from a secure digital asset token that is not subject to the volatile swings of the markets, and from the opportunity to easily exchange their digital currency into a tangible asset: monetary gold coins produced by the U.S. Mint.\nBlockfills, one the world\'s largest providers of digital asset liquidity will be responsible for the pairs for execution, maintaining DACX\'s mission to provide institutional-grade technology and liquidity to their global client base.\nZeeshan Chaudhry, Founder | CEO ofDACX, said:\n"DACX is bridging the divide between securities, real estate, commodities and digital assets to address a subset of financial inclusion. Our aim is to introduce innovative products for institutions and at the same time provide equal opportunities for average investors, by leveraging tokenization and fractionalization towards assets and commodities\nWe want to enable a level playing field for every type of investor, our first step was to provide a direct flight-to-safety with gold for crypto assets during high volatility risk-off events for improved risk management. This would bring more confidence and stability to the digital asset ecosystem, as well as adds further liquidity to traditional markets. From an institutional standpoint this optimizes portfolio returns via efficient hedging and risk minimization."\nRobert Lotter, CEO ofUSGoldsaid:\n"We are proud to introduce the USG Token. It\'s a new digital asset which functions as a true digital currency based on monetary gold - which provides stable-value and is backed One to One (1:1) by an American Eagle one-ounce gold coin. The USG provides a unique set of benefits, including liquidity through a simple redemption process."\nNeil Van Huis, Director ofBlockfillssaid:\nWe at Blockfills are excited by the long awaited introduction of USG to the public markets together with US Gold Currency and DACX. The validity of this product and it\'s use in digital asset markets is just the beginning for what we believe will be a successful future for our partnership providing liquidity to DACX.\nAbout DACX\u200b:Digital Asset & Commodity Exchange (dacx.io& dacx.exchange) is a London-based digital asset platform which leverages artificial intelligence, high performance computing and distributed ledger technology, to facilitate cross border transfer and settlement of monetary and material value via tokenization, smart contracts and escrows in an efficient, secure and compliant framework.\nAbout US Gold Currency, Inc:\u200b USGold (BuyUSGold.com) is the issuer of the USG Token, each USG is a digital asset and direct representation of an American Eagle one-ounce gold coin, as minted by the United States of America. Our operations are based in Jackson Hole Wyoming USA. We are registered with the United States Treasury - Financial Crimes Enforcement Network (FinCEN), as a Money Services Business (MSB) and have an A+ Rating from the Better Business Bureau.\nAbout Blockfills:Blockfillsis a global financial services technology and trading firm which provides liquidity, execution and clearing of digital assets to institutions across time zones and geographies.\nSPOKESPEOPLE:Zeeshan Chaudhry(DACX), Robert Lotter (USGOLD) and Neil Van Huis (Blockfills)\nFor more information, or to arrange an interview with Zeeshan Chaudhry, Robert Lotter or Neil Van Huis please contact Lisa Li [email protected]\u200b.\nSOURCE:Digital Asset & Commodity Exchange\nView source version on accesswire.com:https://www.accesswire.com/575067/Direct-flight-to-safety-with-gold-for-volatile-crypto-assets-launched-by-DACX-US-Gold-Currency-together-with-Blockfills', 'Chinese stocks led an Asia-wide market recovery on Tuesday, as the paranoia over the markets reopening post the extended lunar holiday seemed to calm down.\nWhat Happened\nThe number of confirmed cases of the novel coronavirus rose to 20,438 by the end of Monday, according to state-run Xinhua News Agency, with 425 deaths reported.\nThe special administrative region of Hong Kong also reported its first death from the coronavirus on Tuesday. The city closed most of its land and sea borders with mainland China by early Tuesday as protests by medical workers increased,accordingto the Associated Press.\nAnother death outside of mainland China was reported in the Philippines on Sunday.\nThe People\'s Bank of China tried to curtail fears by injecting about $174 billion in the economy through cutting reverse repo rates, but the investors didn\'t find solace in the measure. The benchmark Shanghai Composite index alone saw $393 billion getting wiped out from its market, plunging about 8% on Monday, as the markets traded for the first day since January 23.\nThe Chinese authorities have taken a number of other steps to reduce panic in the financial markets, including limiting short selling and the sale of shares by mutual fund managers, Reutersnoted. The Chinese central bank-backed publication Financial News in an op-ed on Monday assured investors that the effect of the virus on the financial markets is temporary. "China\'s economy is bolstered by its innate resilience and lasting growth momentum that cannot be easily reversed by a virus outbreak," the article said,accordingto Xinhua. In a tweet late Monday, International Monetary Fund managing director Kristalina Georgieva expressed confidence that the Chinese economy "remains resilient."\nMeanwhile, the Reserve Bank of Australia kept its benchmark interest rate steady at 0.75%, in line with market expectations, as the officials held their first such meeting this year.\nAsia Stocks\nChina\'s Shanghai Composite traded 0.67% higher at 2,765.77; Shenzhen Component added 2.94% at 10,066.82. Hong Kong\'s Hang Seng index was up 0.87% at 26,585.15. Japan\'s Nikkei 225 traded 0.48% higher, while South Korea\'s KOSPI was up 1.7% at 2,154.80. Singapore\'s Straits Times Index gained 1.33% at 3,157.23. India\'s SENSEX and NIFTY 50 were both up 1.84%.\nUS Futures\nThe United States futures too extended gains pointing to a higher open on Tuesday. Dow Jones futures were up 0.67% at 28,551. Nasdaq 100 futures added 0.74% at 8,181.75. S&P 500 futures traded 0.68% higher at 3,267.50.\n0\nSee more from Benzinga\n• US Marshals To Auction M In Bitcoin This Month\n• Elon Musk Getting Richer Faster Than Any Other Billionaire This Year\n• Amazon Testing Online Platform To Let Merchants Shop For Loans: Report\n© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'Chinese stocks led an Asia-wide market recovery on Tuesday, as the paranoia over the markets reopening post the extended lunar holiday seemed to calm down. What Happened The number of confirmed cases of the novel coronavirus rose to 20,438 by the end of Monday, according to state-ru **Last 60 Days of Bitcoin's Closing Prices:** [7547.00, 7556.24, 7564.35, 7400.90, 7278.12, 7217.43, 7243.13, 7269.68, 7124.67, 7152.30, 6932.48, 6640.52, 7276.80, 7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-02-04 **Financial & Commodity Data:** - Gold Closing Price: $1550.40 - Crude Oil Closing Price: $49.61 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.56 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Microsoft’s collaboration with blockchain gaming startup Enjin has prompted a roughly 50 percent surge in the project’s native token over a two-day period. Enjin coin (ENJ) started to rise sharply from Wednesday afternoon (UTC) as news spread of a rewards scheme from the tech giant that uses Enjin technology and the ethereum blockchain. Known as Azure Heroes, the scheme rewards community members with crypto collectibles (or NFTs) for good deeds, such as mentoring, providing demos, creating content and more. This is Enjin’s second major news-based rally this year, after Samsung added Enjin’s cryptocurrency to the Blockchain Keystore on its flagship smartphone, the Galaxy S10, in March. Related: Key Bitcoin Price Indicator Turns Bearish, But It May Not Be Bad News At the time, prices rose by more than 70 percent on rumors surrounding the release. Since then, ENJ has declined from a high of around $0.25 down to as low as $0.046 on Nov. 29. With the latest Microsoft-fueled rally, price peaked at around $0.1059 on Friday morning (UTC), CoinMarketCap data shows. A press time, the rally looks to be losing steam slightly, with prices down to $0.0987. Daily chart Enjin coin chart via Binance As seen above, price action for ENJ had been stuck between two defined areas of support and resistance, between $0.051 and $0.068 for a period of about 72 days. Related: Four Insights on Crypto Liquidity From Binance US and FTX In all likelihood, Enjin coin bulls were beginning to grow thirsty for more developments to light a fire under prices. Now it would seem their prayers have been answered with the sharp breakout prompted by this week’s news. Rico Solo, a long-time investor in small-cap coins and an ENJ trader said he plans to take around 25 percent profit on this rally to guard against further downside risk in prices. “I bought in before the Samsung news in early 2019 and waited around for something major to happen, unfortunately, I didn’t sell at the top and the price dropped hard,” he said. Story continues Disclosure: This author holds no cryptocurrency at the time of writing. Related Stories Microsoft Teams up With Enjin to Offer Crypto Collectible Rewards Bitcoin’s Rejection at Key Price Hurdle Puts Short-Term Bull Trend at Risk... - 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.
9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ["The Public Investment Fund of Saudi Arabia sold almost all of its shares inTesla Inc.(NASDAQ:TSLA) in the fourth quarter of 2019.\nWhat Happened\nThe state-owned investment firm sold 99.5% of its 8.2 million shares last year, CNBCreportedTuesday based on a regulatory filing.\nThe Saudi Fund is now left with about 39,000 shares in the automaker that has seen an unprecedented surge in market value this year.\nIt was one of the five largest investors in the Elon Musk-led company, according to data compiled by Bloomberg.\nWhy It Matters\nTesla’s stock is up about 112% year-till-date at press time. The Saudi sovereign wealth fund’s shares would have been worth about $7.2 billion on Tuesday if it had held on to them.\nFor comparison, the stake would have been worth about $2.6 billion at the end of the third quarter last year.\nThe wealth fund has a controversial history with Tesla and its CEO.\nMusk had prematurely announced his intent to take the automaker private in 2018 on the back of an investment from the Saudi fund.\nThe move ultimately led to him and Tesla separately paying $20 million in settlement charges to the United States Securities and Exchange Commission. Musk also had to relinquish his role as the company’s chairman for three years.\nMusk's infamous 2018 tweet which landed him in trouble with the SEC.\nThe fund had hedged its investment in Tesla in January 2019 with the help ofJPMorgan & Chase(NYSE:JPM), the Financial Timesreportedat the time.\nSaudi Arabia, under the crown prince Mohammad Bin Salman, has sought to diversify the government’s holdings away from oil, and Silicon Valley has been a major destination.\nThe fund also owns a substantial stake in ride-sharing companyUber Technologies Inc.(NYSE:UBER).\nPrice Action\nTesla's shares traded 1.91% higher in the after-hours market at $904 on Tuesday after closing the regular session 13.73% higher.\n0\nSee more from Benzinga\n• Crypto Market Wrap: Less Popular Cryptocurrency Extends Gains As Bitcoin, Others Plunge\n• Facebook Co-Founder's Asana Files To Go Public Via Direct Listing\n• Twitter: 'State-Backed Actors' In Iran, Israel May've Exploited Glitch That Matched Users To Phone Numbers\n© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.", "The Public Investment Fund of Saudi Arabia sold almost all of its shares in Tesla Inc. (NASDAQ: TSLA ) in the fourth quarter of 2019. What Happened The state-owned investment firm sold 99.5% of its 8.2 million shares last year, CNBC reported Tuesday based on a regulatory filing. The Saudi Fund is now left with about 39,000 shares in the automaker that has seen an unprecedented surge in market value this year. It was one of the five largest investors in the Elon Musk-led company, according to data compiled by Bloomberg. Why It Matters Tesla’s stock is up about 112% year-till-date at press time. The Saudi sovereign wealth fund’s shares would have been worth about $7.2 billion on Tuesday if it had held on to them. For comparison, the stake would have been worth about $2.6 billion at the end of the third quarter last year. The wealth fund has a controversial history with Tesla and its CEO. Musk had prematurely announced his intent to take the automaker private in 2018 on the back of an investment from the Saudi fund. The move ultimately led to him and Tesla separately paying $20 million in settlement charges to the United States Securities and Exchange Commission. Musk also had to relinquish his role as the company’s chairman for three years. The infamous 2018 tweet from Elon Musk Musk's infamous 2018 tweet which landed him in trouble with the SEC. The fund had hedged its investment in Tesla in January 2019 with the help of JPMorgan & Chase (NYSE: JPM ), the Financial Times reported at the time. Saudi Arabia, under the crown prince Mohammad Bin Salman, has sought to diversify the government’s holdings away from oil, and Silicon Valley has been a major destination. The fund also owns a substantial stake in ride-sharing company Uber Technologies Inc. (NYSE: UBER ). Price Action Tesla's shares traded 1.91% higher in the after-hours market at $904 on Tuesday after closing the regular session 13.73% higher. 0 See more from Benzinga Crypto Market Wrap: Less Popular Cryptocurrency Extends Gains As Bitcoin, Others Plunge Facebook Co-Founder's Asana Files To Go Public Via Direct Listing Twitter: 'State-Backed Actors' In Iran, Israel May've Exploited Glitch That Matched Users To Phone Numbers © 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.", 'The shares ofeBay Inc.(NASDAQ:EBAY) surged on Tuesday as the Wall Street Journal reported that theIntercontinental Exchange(NYSE:ICE) had offered a takeover deal to the e-commerce company.\nWhat Happened\nThe New York Stock Exchange owner ICE approached eBay with a takeover offer for the second time recently, the Wall Street JournalreportedTuesday.\nAccording to the Journal, the deal values eBay at more than $30 billion, a premium on its market value of $28 billion at the time.\nICE is only interested in buying eBay core marketplace business, the Journal said, but not the classifieds unit, which eBay has been looking to sell.\neBay Not Engaged In ‘Meaningful Way,\' ICE Says\nIn astatementlater on Tuesday, after markets closed, ICE confirmed its interest in the e-coomerce giant but said that the company wasn\'t responding to its offer.\n"ICE approached eBay to explore a range of potential opportunities that might create value for the shareholders of both companies. eBay has not engaged in a meaningful way. We are not in negotiations regarding the sale of all or part of eBay," it said.\nPrice Action\neBay\'s shares closed 8.78% higher at $37.41 on Tuesday. The stock traded slightly slower in the after-hours market at $37.20 as ICE put out the statement.\nICE\'s shares closed 7.45% lower at $92.59, recovering slightly in after-hours at $93.22.\nPhoto Credit: Public domain photo via Wikimedia.\n0\nSee more from Benzinga\n• One Of Tesla\'s Largest Investors Sold 99.5% Of Its Stake Before New Year\'s Rally\n• Crypto Market Wrap: Less Popular Cryptocurrency Extends Gains As Bitcoin, Others Plunge\n• Facebook Co-Founder\'s Asana Files To Go Public Via Direct Listing\n© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'The shares of eBay Inc. (NASDAQ: EBAY ) surged on Tuesday as the Wall Street Journal reported that the Intercontinental Exchange (NYSE: ICE ) had offered a takeover deal to the e-commerce company. What Happened The New York Stock Exchange owner ICE approached eBay with a takeover offer for the second time recently, the Wall Street Journal reported Tuesday. According to the Journal, the deal values eBay at more than $30 billion, a premium on its market value of $28 billion at the time. ICE is only interested in buying eBay core marketplace business, the Journal said, but not the classifieds unit, which eBay has been looking to sell. eBay Not Engaged In ‘Meaningful Way,\' ICE Says In a statement later on Tuesday, after markets closed, ICE confirmed its interest in the e-coomerce giant but said that the company wasn\'t responding to its offer. "ICE approached eBay to explore a range of potential opportunities that might create value for the shareholders of both companies. eBay has not engaged in a meaningful way. We are not in negotiations regarding the sale of all or part of eBay," it said. Price Action eBay\'s shares closed 8.78% higher at $37.41 on Tuesday. The stock traded slightly slower in the after-hours market at $37.20 as ICE put out the statement. ICE\'s shares closed 7.45% lower at $92.59, recovering slightly in after-hours at $93.22. Photo Credit: Public domain photo via Wikimedia. 0 See more from Benzinga One Of Tesla\'s Largest Investors Sold 99.5% Of Its Stake Before New Year\'s Rally Crypto Market Wrap: Less Popular Cryptocurrency Extends Gains As Bitcoin, Others Plunge Facebook Co-Founder\'s Asana Files To Go Public Via Direct Listing © 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'The United States government is seeking to develop a homemade alternative to Huawei Technologies Ltd.\'s software for the fifth-generation wireless telecommunications networks.\nWhat Happened\nPresident Donald Trump\'s administration is working with technology and telecommunications giants, includingMicrosoft Corporation(NASDAQ:MSFT),Dell Technologies Inc.(NYSE:DELL), AT&T Inc. (NYSE:T) as part of the efforts, White House economic advisor Larry Kudlowtold the Wall Street Journal.\n"The big-picture concept is to have all of the U.S. 5G architecture and infrastructure done by American firms, principally," Kudlow told the Journal. "That also could includeNokia Corporation(NYSE:NOK) andTelefonaktiebolaget LM Ericsson(NASDAQ: ERIC) because they have big U.S. presences."\nThe companies will need to agree on common engineering standards so that developers can use any hardware to run the software codes, the Journal noted.\nUS Will Be Left Behind, Says Huawei\nThe U.S. government\'s latest move is in line with its insistence on Huawei being a national security threat. The President and bipartisan legislators have suggested that the telecom giant spies for Beijing.\nThe Department of Commerce put Huawei on the "entity list" in May last year, which severely restricts its ability to do business with U.S. companies.\nHuawei\'s U.S. chief security officer told the Journal that America would hurt itself by sidelining the company, as it gets left behind on technology.\n"If the U.S. wants 5G hardware and software developed by a U.S. or European company, the government should encourage companies to begin negotiations with Huawei to license our 5G technology," Purdy told the Journal.\n"[The] combined product will be 1-2 years behind the comparable Huawei products in terms of functionality and assurance," if the U.S. avoids Huawei\'s intellectual prope **Last 60 Days of Bitcoin's Closing Prices:** [7556.24, 7564.35, 7400.90, 7278.12, 7217.43, 7243.13, 7269.68, 7124.67, 7152.30, 6932.48, 6640.52, 7276.80, 7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-02-05 **Financial & Commodity Data:** - Gold Closing Price: $1557.80 - Crude Oil Closing Price: $50.75 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.53 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: A month after going fully operational, Switzerland-based cryptocurrency bank SEBA has expanded to nine new countries. In a statement shared with The Block on Thursday, SEBA said companies and institutional clients from Singapore, Hong Kong, the U.K., Italy, Germany, France, Austria, Portugal, and the Netherlands can now open accounts with the bank. SEBA was set up in April 2018 and received a banking license from the Swiss Financial Market Supervisory Authority (FINMA) in August of this year. “More than 10 years after the invention of Bitcoin, there is still a tremendous gap between traditional banking on one side and decentralized finance on the other side,” said SEBA in Thursday's statement, adding that it aims to bridge the gap. The bank also offers SEBAwallet app, e-banking, and SEBA card facilities, through which customers can manage five cryptocurrencies - bitcoin (BTC), ether (ETH), Stellar (XLM), litecoin (LTC) and ether classic (ETC), and convert them into traditional currencies and vice versa online. SEBA also provides corporate accounts to Swiss blockchain companies and their employees. SEBA rival Sygnum also got a banking license in Switzerland in August and went live a month after. Sygnum also recently received a capital markets services license in Singapore, allowing it to provide asset management services in the Asian country.... - Reddit Posts (Sample): [['u/RackyJobinson', "An eBay flipper's take on the current state of the flea market.", 35, '2020-02-05 00:16', 'https://www.reddit.com/r/EscapefromTarkov/comments/eyz5um/an_ebay_flippers_take_on_the_current_state_of_the/', '**Reposting due to lack of flair in the post. Thanks for the positive feedback and responses, hopefully we can re-start/continue the discussion.**\n\nPost:\n\nBotting-aside (that\'s a separate issue), I have an alternative take on current flea market pricing. Thought my perspective may be insightful as someone who has studied/worked with markets extensively, so hopefully I won\'t be downvoted to hell for a different take.\n\nI have flipped sports cards as a part-time job for more than a decade, and its not unusual to see 500% profit (within a year) on items - Luka Doncic &amp; Giannis Rookie cards are two examples of collectibles that have increased 500-1000% in price a year recently due to the scarcity and massively increased demand.\n\n[https://www.ebay.com/sch/i.html?\\_from=R40&amp;\\_nkw=luka+doncic+national+treasures&amp;\\_sacat=0&amp;LH\\_Sold=1&amp;LH\\_Complete=1&amp;\\_sop=16](https://www.ebay.com/sch/i.html?_from=R40&amp;_nkw=luka+doncic+national+treasures&amp;_sacat=0&amp;LH_Sold=1&amp;LH_Complete=1&amp;_sop=16)\n\nHere are some examples of Luka Doncic rookies that are selling for 500%-1000% profits based on last fall - now, should we assume there is something wrong with eBay\'s system because prices on these are way higher than "What they were" 5 months ago? The prices in game are made-up by devs... whos to say scav junk box is worth 1.4mil?? The market determines the actual value... not a made up number by a developer (although they influence prices by playing the whale and dumping huge supplies on the market, effectively setting the price temorarily).This is the whole reason behind dynamic pricing &amp; why water now costs 11k instead of 3k in the last patch... adding healing/energy between raids spiked the demand on water and food massively and clearly that 3k price they set earlier wasn\'t the true market value now was it? Changes in-game will influence the demand/supply of items, so why should prices stay what they\'ve always been?\n\n**It\'s well-accepted that theres tons of new players in Tarkov - obviously that will increase the demand for rare items &amp; not the supply very much, no? Thousands of new players with level 1 traders only also want BS ammo....**\n\nI think I can make my argument in another way as well: look at items such as PS ammo, ragman level 3 steel helmets and others - these are selling BELOW the price of traders. Why? Because there is not enough demand for these items and/or too many sellers &amp; too much supply/competition; as a result sellers are willing to enter the market under the price of traders due to the conditions of the market... I see some people that are basically mad that rare items can\'t maintain a low price due the supply not being able to meet to the massive demand. You can see the same in any market, whether it\'s bitcoin (prices also jumped when a ton of newbies entered the market), tickle-me-elmo, kobe bryant rookie cards or on the price of any other scarce item that can\'t support a huge spike in demand. (I can explain this in a player-based, game-theory perspective as well, but I\'ll stop there for now.)\n\nNow, all that being said, should we really be mad that the price of water, a thermal, or the best ammo in-game has gone up 300% in a quarantined warzone like Tarkov is supposed to be? (Especially with an influx of new players driving up demand but not supply.)\n\nI thought it was supposed to be realistic :D', 'https://www.reddit.com/r/EscapefromTarkov/comments/eyz5um/an_ebay_flippers_take_on_the_current_state_of_the/', 'eyz5um', [['u/PhilosopherDave', 13, '2020-02-05 00:23', 'https://www.reddit.com/r/EscapefromTarkov/comments/eyz5um/an_ebay_flippers_take_on_the_current_state_of_the/fgk6nj6/', 'Exactly. All items the traders have are no different than what we find in raid. They are the supply. People demand these items because they are good. This drives prices higher. Flea market values should dynamically change trader values to match this system.', 'eyz5um'], ['u/Schwertkeks', 22, '2020-02-05 00:37', 'https://www.reddit.com/r/EscapefromTarkov/comments/eyz5um/an_ebay_flippers_take_on_the_current_state_of_the/fgk80dv/', 'Prapor is selling 700.000 AKS-74u but you want to tell me its "super realistic" that mechanic cant even get 2001 muzzle breaks? The shit is selling out so fast that the shitty counter cant even keep up. It shows he still has 1600 of them, but can i buy one? No, as its out of stock', 'eyz5um'], ['u/ScavsAteMyLegs', 30, '2020-02-05 00:38', 'https://www.reddit.com/r/EscapefromTarkov/comments/eyz5um/an_ebay_flippers_take_on_the_current_state_of_the/fgk81qm/', 'I agree that top tier items should be marked up in price from demand, but the problem most people have is when people are buying out adapters, muzzle adapters, keymod rails, etc. A player shouldn’t have to pay more for a rail or a adapter than the thing it goes on to.', 'eyz5um'], ['u/ScavsAteMyLegs', 22, '2020-02-05 00:45', 'https://www.reddit.com/r/EscapefromTarkov/comments/eyz5um/an_ebay_flippers_take_on_the_current_state_of_the/fgk8pkl/', 'I only have a problem with the prices that are marked up on items are not in the world spawn table, a prime example at the moment is the Wave Muzzle adapter, you can’t find it in raid, but you can find the suppressor for it.', 'eyz5um'], ['u/Txontirea', 13, '2020-02-05 06:03', 'https://www.reddit.com/r/EscapefromTarkov/comments/eyz5um/an_ebay_flippers_take_on_the_current_state_of_the/fgl1cd4/', 'This is a hilarious post. Vendors have limitless guns for you to buy but heaven forbid you wanna buy a fucking rail 5 seconds or less after reset. Give me a break.', 'eyz5um']]], ['u/AutoModerator', '[Daily Discussion] Wednesday, February 05, 2020', 59, '2020-02-05 05:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/ez3f5k/daily_discussion_wednesday_february_05_2020/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas &amp; 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**Other ways to interact:**\n\n* [Get an invite](https://join.slack.com/t/reddit-bitcoinmarkets/shared_invite/enQtNjM1NTg3ODgwODUzLTQ2NjZjYjYxMWExZmZmMWY0MDNlN2JlM2RhZmM0NWY1YzY1MDlkOTMyNWFjNTZjYTg1ZDM2YmEwMWRkZjIwYjM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)\n* Set your flair to trade pretend money in [the Flair Game](https://coinsight.org/flairgame)\n* Weekly threads: [Newbie Mondays](http://www.reddit.com/r/BitcoinMarkets/search?q=newbie+monday&amp;sort=new&amp;restrict_sr=on&amp;t=all) and [Fundamentals Fridays](http://www.reddit.com/r/BitcoinMarkets/search?q=fundamentals+friday&amp;sort=new&amp;restrict_sr=on&amp;t=all)\n* Altcoins Discussion: [Altcoin Discussion](http://www.reddit.com/r/BitcoinMarkets/search?q=altcoin+discussion&amp;sort=new&amp;restrict_sr=on&amp;t=all)", 'https://www.reddit.com/r/BitcoinMarkets/comments/ez3f5k/daily_discussion_wednesday_february_05_2020/', 'ez3f5k', [['u/Polycephal_Lee', 21, '2020-02-05 06:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/ez3f5k/daily_discussion_wednesday_february_05_2020/fgl2q3w/', 'why do people keep mentioning tsla in this sub. what has that got to do with anything', 'ez3f5k'], ['u/bobbert182', 21, '2020-02-05 06:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/ez3f5k/daily_discussion_wednesday_february_05_2020/fgl4lyr/', 'Liking the way this looks. We might have just confirmed 9100 as support', 'ez3f5k'], ['u/RetardIdiotTrader', 14, '2020-02-05 06:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/ez3f5k/daily_discussion_wednesday_february_05_2020/fgl4ttj/', "Weak ass bears can't dump shit. That's right every dump they attempt they paint a bull div. Fuck em.", 'ez3f5k'], ['u/BitmexOverloader', 20, '2020-02-05 07:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/ez3f5k/daily_discussion_wednesday_february_05_2020/fgl5bqz/', 'Looks like the start of another run is brewing. Just a 9% move up away from setting a higher high than the October 25th 2019 high of about $10300.', 'ez3f5k'], ['u/Braxxisbtc', 20, '2020-02-05 07:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/ez3f5k/daily_discussion_wednesday_february_05_2020/fgl5vzw/', 'I cant say i know a lot about the finances of mining but i was thinking.... we are about 90 days from the halvening. Rather than liquidating coins as they are mined, would it not make sense that miners would start weening themselves down to the reduced reward to lessen the impact of suddenly having half the income? Some coins stored away would also smoothen out income post halvening. \n\nMight help explain why we have been trending so hard lately and dips just seem to have no follow through? Just random shower thoughts lmao', 'ez3f5k'], ['u/speakersandwich', 15, '2020-02-05 07:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/ez3f5k/daily_discussion_wednesday_february_05_2020/fgl61a2/', 'RIP vegeta memes', 'ez3f5k'], ['u/tuyguy', 15, '2020-02-05 07:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/ez3f5k/daily_discussion_wednesday_february_05_2020/fgl7knb/', "That's one of the most bullish signs I've seen lately. Not only does btc not dump after peaking, it holds its value as the indicators reset. Indicators then rise with the next price increase, and reset as the price remains roughly stable. Rinse and repeat.", 'ez3f5k'], ['u/dexX7', 14, '2020-02-05 09:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/ez3f5k/daily_discussion_wednesday_february_05_2020/fgld8cz/', 'After reading r/wallstreetbets it clearly shows people jump on the train 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.
9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['(Bloomberg) -- Saxo Bank Hong Kong’s former top executive is joining OSL, one of Asia’s biggest digital asset platforms for professional investors.\nMatt Long, who until recently was the Danish bank’s Hong Kong CEO, will head OSL’s distribution activities, including institutional and white-label sales and its prime brokerage business, OSL said in a statement today.\nLong joins the growing list of bankers and investors from traditional financial companies that have made the jump to the crypto industry. Major coins have rallied this year as fears of the spreading coronavirus rocked markets around the world. Bitcoin is now trading above $9,500, at its highest levels since late October. And products like options on Bitcoin futures show signs of boosting institutional interest in the asset class.\nOSL, a unit of Hong Kong-based BC Group, is a digital-asset platform offering things like exchange and custody services, and software solutions for institutional clients. The digital asset arm posted 41.6 million yuan ($6 million) in revenue for 2019’s first half, or about half of the group’s total revenue for this period, according to BC Group’s interim report.Long joined Saxo Bank in December 2017, according to his LinkedIn profile, which shows that prior to Saxo he held senior posts at investment banks including Australia and New Zealand Banking Group Ltd. and Macquarie Group Ltd.\nTo contact the reporter on this story: Zheping Huang in Hong Kong at [email protected]\nTo contact the editors responsible for this story: Edwin Chan at [email protected], Joanna Ossinger, Colum Murphy\nFor more articles like this, please visit us atbloomberg.com\nSubscribe nowto stay ahead with the most trusted business news source.\n©2020 Bloomberg L.P.', '(Bloomberg) -- Saxo Bank Hong Kong’s former top executive is joining OSL, one of Asia’s biggest digital asset platforms for professional investors. Matt Long, who until recently was the Danish bank’s Hong Kong CEO, will head OSL’s distribution activities, including institutional and white-label sales and its prime brokerage business, OSL said in a statement today. Long joins the growing list of bankers and investors from traditional financial companies that have made the jump to the crypto industry. Major coins have rallied this year as fears of the spreading coronavirus rocked markets around the world. Bitcoin is now trading above $9,500, at its highest levels since late October. And products like options on Bitcoin futures show signs of boosting institutional interest in the asset class. OSL, a unit of Hong Kong-based BC Group, is a digital-asset platform offering things like exchange and custody services, and software solutions for institutional clients. The digital asset arm posted 41.6 million yuan ($6 million) in revenue for 2019’s first half, or about half of the group’s total revenue for this period, according to BC Group’s interim report.Long joined Saxo Bank in December 2017, according to his LinkedIn profile, which shows that prior to Saxo he held senior posts at investment banks including Australia and New Zealand Banking Group Ltd. and Macquarie Group Ltd. To contact the reporter on this story: Zheping Huang in Hong Kong at [email protected] To contact the editors responsible for this story: Edwin Chan at [email protected], Joanna Ossinger, Colum Murphy For more articles like this, please visit us at bloomberg.com Subscribe now to stay ahead with the most trusted business news source. ©2020 Bloomberg L.P.', 'Cryptocurrency ATM startup CoinFlip now allows customers to purchase Stellar Lumens (XLM) from its network of machines, according to co-founder and CEO Daniel Polotsky. The listing increases XLM’s availability in bricks-and-mortar stores , Polotsky said. CoinFlip operates about 450 ATMs in gas stations and convenience stores across the United States, allowing customers to buy a variety of cryptocurrencies with credit cards. It also runs 40 two-way ATM locations where users can sell their crypto for hard cash USD. Related: Former Venezuelan Gold Mining Company Wants to Centralize Bitcoin ATM Infrastructure CoinFlip ATMs already offer customers access to bitcoin (BTC), litecoin (LTC), ether (ETH), dash (DASH), komodo (KMD), chainlink (LINK) and tron ( TRX ). Polotsky said XLM’s high daily liquidity and market prominence – plus his customers’ requests – prompted him to list the token. CoinFlip plans to continue adding coins as it rapidly expands its own ATM network, which already has clearance to run in over 40 states, according to Polotsky. “We’re trying to push out 20 [ATMs] a week,” he said. Related Stories Why Compliance Is the Biggest Team at Bitcoin ATM Startup Coinsource Stellar Tried to Give Away 2B XLM Tokens on Keybase. Then the Spammers Came Stellar’s Version of Bitcoin’s Lightning Torch Has Been Burning Quietly Since June', 'Cryptocurrency ATM startup CoinFlip now allows customers to purchase Stellar Lumens (XLM) from its network of machines, according to co-founder and CEO Daniel Polotsky. The listing increases XLM’s availability in bricks-and-mortar stores , Polotsky said. CoinFlip operates about 450 ATMs in gas stations and convenience stores across the United States, allowing customers to buy a variety of cryptocurrencies with credit cards. It also runs 40 two-way ATM locations where users can sell their crypto for hard cash USD. Related: Former Venezuelan Gold Mining Company Wants to Centralize Bitcoin ATM Infrastructure CoinFlip ATMs already offer customers access to bitcoin (BTC), litecoin (LTC), ether (ETH), dash (DASH), komodo (KMD), chainlink (LINK) and tron ( TRX ). Polotsky said XLM’s high daily liquidity and market prominence – plus his customers’ requests – prompted him to list the token. CoinFlip plans to continue adding coins as it rapidly expands its own ATM network, which already has clearance to run in over 40 states, according to Polotsky. “We’re trying to push out 20 [ATMs] a week,” he said. Related Stories Why Compliance Is the Biggest Team at Bitcoin ATM Startup Coinsource Stellar Tried to Give Away 2B XLM Tokens on Keybase. Then the Spammers Came Stellar’s Version of Bitcoin’s Lightning Torch Has Been Burning Quietly Since June', 'After the boom of 2017 Bitcoin crashed back down to earth with an almighty wallop. Yet the lows of $3,000 were still a lot higher than the dips which had gone before. Since then, Bitcoin has crept slowly but surely up to the $9,000 mark with a few choppy moments along the way. All the while, mainstream news has struggled to find its appetite for crypto sufficiently whetted – apart from when Libra and Facebook made their big announcement. So has the crypto winter been harsh enough to weed out the unnecessary projects that fill this industry? If it has not, then the question on many lips becomes: ‘If we see another price rise akin to 2017, will the altcoins follow and will this be a positive or negative?’ When Coin Rivet spoke to Marco Peereboom of Decred he made clear that he hoped for an extensive purge that would eliminate many of the projects that have infected the cryptocurrency industry. Even though the crypto winter has been harsh on many altcoins, they are not dead. Discussion has since turned to how a dramatic rise in the Bitcoin price would affect altcoins. Would they rise in union or will Bitcoin finally separate and prove itself as the only viable cryptocurrency. During 2017 numerous criminal cryptocurrency scams and also many that flirted with providing very little product but managed to rake in huge profits by riding the coattails of Bitcoin. Since then many of those projects’ leaders have walked off into the sunset with a healthy pocket. This debate predictably occurs between the Bitcoin maximalists and altcoiners. Whilst neither group are capable of predicting the future, it is difficult to ascertain that from their tweets such is their certainty and confidence. One of the main issues that arises with all cryptocurrencies boosting substantially in value over time is that mainstream media begins to pay interest once again. Under substantial scrutiny many of these projects then become clearly unfeasible. This in turn brings valid questions as to the value and importance of the industry as a whole. Story continues When the price inevitably crashes, the criticism from mainstream media becomes vindicated, and the cycle repeats itself. The cryptocurrency markets certainly have no need for more than 5,000 distinct cryptocurrencies. Even the most passionate of altcoin believers would find it hard to disagree. Yet as they continue to cling on to life despite a massive crash in price it appears that the crypto winter has not killed them off yet. The post Was the crypto winter cold enough? appeared first on Coin Rivet .', 'After the boom of 2017 Bitcoin crashed back down to earth with an almighty wallop. Yet the lows of $3,000 were still a lot higher than the dips which had gone before. Since then, Bitcoin has crept slowly but surely up to the $9,000 mark with a few choppy moments along the way. All the while, mainstream news has struggled to find its appetite for crypto sufficiently whetted – apart from when Libra and Facebook made their big announcement. So has the crypto winter been harsh enough to weed out the unnecessary projects that fill this industry? If it has not, then the question on many lips becomes: ‘If we see another price rise akin to 2017, will the altcoins follow and will this be a positive or negative?’ When Coin Rivet spoke to Marco Peereboom of Decred he made clear that he hoped for an extensive purge that would eliminate many of the projects that have infected the cryptocurrency industry. Even though the crypto winter has been harsh on many altcoins, they are not dead. Discussion has since turned to how a dramatic rise in the Bitcoin price would affect altcoins. Would they rise in union or will Bitcoin finally separate and prove itself as the only viable cryptocu **Last 60 Days of Bitcoin's Closing Prices:** [7564.35, 7400.90, 7278.12, 7217.43, 7243.13, 7269.68, 7124.67, 7152.30, 6932.48, 6640.52, 7276.80, 7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-02-06 **Financial & Commodity Data:** - Gold Closing Price: $1565.10 - Crude Oil Closing Price: $50.95 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.61 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: What defines an "accredited investor?" According to a new announcement from the U.S. Securities and Exchange Commission, the exact standards are on the path to be broadened. The current criteria for the accredited investor status only takes into account a person’s income and net worth. Only those with over $1 million in net worth, $200,000 in annual income, or $300,000 in joint annual income can gain access to private securities offerings, hedge funds, and private-equity funds. Institutions also need more than $5 million in assets to meet the legal requirement for accredited investors. The newly proposed amendment would expand the test to include those with professional knowledge, experience, or certifications that could prove their qualification to participate in private capital markets. “Modernization of this approach is long overdue,” SEC Chairman Jay Clayton said in apress release. “The proposal would add additional means for individuals to qualify to participate in our private capital markets based on established, clear measures of financial sophistication.” While there was no overt connection drawn in its announcement, the proposed change would expand access to certain crypto-related financial products that are only available to U.S. accredited investors. For example, the $2.2 billion crypto asset managerGrayscale, for example, only allow accredited investors to participate in its Bitcoin Trust, Bitcoin Cash Trust and Ethereum Trust, among other funds.Bitwise’sprivate index fund andGalaxy Digital’sbitcoin funds are also limited to accredited investors.... - Reddit Posts (Sample): [['u/jaimewarlock', 'Genesis Upgrade by nChain has destroyed significant amounts of BSV', 27, '2020-02-06 00:21', 'https://www.reddit.com/r/btc/comments/ezilhh/genesis_upgrade_by_nchain_has_destroyed/', '**EDIT: I am wrong. I made a mistake in this tx. Once I fixed the error, it went through. I did send an email to nChain before posting this without getting a reply. Regardless, I was still wrong.**\n\nWhile the Genesis upgrade rejects all new P2SH transactions (sending to addresses starting with a 3), you can still redeem BSV stored in those addresses.\n\nThis is not true of the OP\\_CHECKLOCKTIMEVERIFY opcodes. They have been disabled. Any BSV stored in a time locked address cannot be moved anymore. They became worthless.\n\nOne example is at 3FAaJCTjPLjDWmJMgtokuU5jXjmtzhuZ5o which requires the OP\\_CHECKLOCKTIMEVERIFY opcode to spend according to the script "0420923a5eb1754104e8bd934e16665aa946c61f052fce83a285f41b78018e464539b8fdc5c328711fc29df8f559e3286356d99d38a4a41df563e4a6d8f52619e7c613fa1985ba3b07ac" which has a redeem date and time of 2020/02/05 and time 00:00, so it couldn\'t have been spent before the Genesis upgrade by nChain. You can verify the script at [https://coinb.in/#verify](https://coinb.in/#verify)\n\nI sent 0.000125 BSV &amp; BCH each to 3FAaJCTjPLjDWmJMgtokuU5jXjmtzhuZ5o. The BSV was sent before the Genesis update.\n\nThe BCH transaction is:\n\n01000000010dcce7444286487dc19e7a690a36e5bb2b0c51825ee83d6e4ab9b2908d318cd30000000094483045022100e4bae331f40a4d23f4d89ff9c0b8dc8edb133c653ea982cd1f8e76797884d56902201cf570978dcdfb456b4fbf00ff4e64371755b540444d2c0e116e0fd2c414b250414a0420923a5eb1754104e8bd934e16665aa946c61f052fce83a285f41b78018e464539b8fdc5c328711fc29df8f559e3286356d99d38a4a41df563e4a6d8f52619e7c613fa1985ba3b07ac0000000001e02e0000000000001976a914fa7c0dacb506afdc06c52fef856b4512ead4170088ac20923a5e\n\nand redeems with no problem, txid: bdae915cab9d61ef03d1089cac0a947fb5d7494ee5674f9a07097c48a3182f27\n\nThe BSV transaction is:\n\n010000000105c4eb0cdc6987b42531e617e9ab6078c290983b496f8faf8d7689dce44645180000000094483045022100d41fbe5a4eb20cc611f9c3923a9ff63cb77c33d901d9f11b72a30b4ba04301e10220357f51c4f0ddd4a3329c9b5d39162410dc34ec3041393956a427adf256e6c35d414a0420923a5eb1754104e8bd934e16665aa946c61f052fce83a285f41b78018e464539b8fdc5c328711fc29df8f559e3286356d99d38a4a41df563e4a6d8f52619e7c613fa1985ba3b07ac0000000001e02e0000000000001976a914fa7c0dacb506afdc06c52fef856b4512ead4170088ac20923a5e\n\nHowever, the BSV network will reject it.\n\nWhile the amount of BSV in this particular address is quite small, I am aware of addresses with large sums of BSV that now won\'t be spendable after they reach their valid redeem date.\n\nAll of these locked addresses were created before BTC/BCH fork and the subsequent BCH/BSV fork. So for every BSV a customer owns, they also own a BTC &amp; a BCH. In other words, their BSV holdings are around 3% of their time-locked portfolio.\n\n~~While 3% may not seem like much, it is shows that nChain is willing to destroy other people\'s BSV to make their own BSV more valuable. This is morally bankrupt. I can think of no other precedent in the history of cryptocurrency.~~', 'https://www.reddit.com/r/btc/comments/ezilhh/genesis_upgrade_by_nchain_has_destroyed/', 'ezilhh', [['u/Skoopitup', 18, '2020-02-06 00:36', 'https://www.reddit.com/r/btc/comments/ezilhh/genesis_upgrade_by_nchain_has_destroyed/fgniwqx/', 'But at least you can check what the weather was, until Calvin stops mining of course.', 'ezilhh'], ['u/tcrypt', 15, '2020-02-06 01:03', 'https://www.reddit.com/r/btc/comments/ezilhh/genesis_upgrade_by_nchain_has_destroyed/fgnlhgu/', "No reason to stop any time soon, he's got a money machine as long as people buy into that stupid idea.\n\nBuy coins &gt; pay to Calvin to store weather data &gt; buy coins back so you can store more weather data &gt; repeat forever because there is always weather. \n\nThey're getting people to buy the idea that it's important to write everything into the chain so they have a continuous cycle of selling the same coins to the same people.", 'ezilhh'], ['u/rinexc', 30, '2020-02-06 01:48', 'https://www.reddit.com/r/btc/comments/ezilhh/genesis_upgrade_by_nchain_has_destroyed/fgnpl20/', 'No. nChain was actually quite clever about this because they used utxo height based activation. So as long as the utxo was created before the upgrade, it should behave exactly the same. Otherwise, it\'s treated as NOP2 and it\'s still spendable, just the time lock won\'t be enforced.\n\nI tried broadcasting the bsv transaction you provided and got a "Missing inputs" error, which clearly indicates it\'s not a OP_CLTV problem. In fact, the input in this transaction is 184546e4dc89768daf8f6f493b9890c27860abe917e63125b48769dc0cebc4**05**, while the only coin in that address is in 184546e4dc89768daf8f6f493b9890c27860abe917e63125b48769dc0cebc4**58**. Once I fix the input being spent, the new error message is about a failed signature (as expected).', 'ezilhh'], ['u/zhell_', 15, '2020-02-06 01:50', 'https://www.reddit.com/r/btc/comments/ezilhh/genesis_upgrade_by_nchain_has_destroyed/fgnptrk/', 'I am a BSV supporter. If this is true then I strongly disagree with it. To be stable money needs to enforce contracts, and this would be a breach of contract. I asked lead dev at nchain to refute or explain. \nedit: as expected this was a total lie,[explanation here](https://www.reddit.com/r/btc/comments/ezilhh/genesis_upgrade_by_nchain_has_destroyed/fgnpl20/)', 'ezilhh'], ['u/Kakifrucht', 15, '2020-02-06 01:57', 'https://www.reddit.com/r/btc/comments/ezilhh/genesis_upgrade_by_nchain_has_destroyed/fgnqica/', 'This is correct, see here for more information: https://github.com/bitcoin-sv-specs/protocol/blob/master/updates/genesis-spec.md#utxo-height-rule-determination', 'ezilhh'], ['u/jaimewarlock', 19, '2020-02-06 03:51', 'https://www.reddit.com/r/btc/comments/ezilhh/genesis_upgrade_by_nchain_has_destroyed/fgo1c9k/', ' You appear to be right. I fixed that input and it went through. txid= 1a00d618e7d84c124b24a1cf5f396de4f4246a47f0aab1c2d5955d21db17d4bb\n\nLooks like I might be putting up a big apology.', 'ezilhh']]], ['u/mookmerkin', "Craig Wright's 'Bonded Courier' Allegedly an Attorney Who Can't Communicate - Bitcoin News", 25, '2020-02-06 01:25', 'https://www.reddit.com/r/Buttcoin/comments/ezjjmt/craig_wrights_bonded_courier_allegedly_an/', "This guy's tale is wonkier than the scripts of LOST.\n\n[https://news.bitcoin.com/craig-wright-bonded-courier-attorney/](https://news.bitcoin.com/craig-wright-bonded-courier-attorney/)", 'https://www.reddit.com/r/Buttcoin/comments/ezjjmt/craig_wrights_bonded_courier_allegedly_an/', 'ezjjmt', [['u/OrangeCeylon', 19, '2020-02-06 02:39', 'https://www.reddit.com/r/Buttcoin/comments/ezjjmt/craig_wrights_bonded_courier_allegedly_an/fgnugb3/', "Wright's *actual* lawyers--you know, the ones that exist--are grown-ups and know the stakes they're playing for. I have to assume they're being very careful about what they represent to the court, and how they're doing it. Lawyers have to zealously advocate, but they can get into hot water fast if they knowingly deceive the court.", 'ezjjmt'], ['u/taxonomicnomenclatur', 13, '2020-02-06 03:40', 'https://www.reddit.com/r/Buttcoin/comments/ezjjmt/craig_wrights_bonded_courier_allegedly_an/fgo0an7/', 'There’s some STTNG episode where Data can’t beat some grandmaster at some game so after much thought he changes his strategy and after like the longest game ever the grandmaster throws down the game in frustration. Data’s all like “I realized I couldn’t win so I changed my strategy to stalemate”. \n\nThis is Craig Wright. The courts aren’t designed for this.\n\nhttps://youtu.be/yIRT6xRQkf8', 'ezjjmt'], ['u/SnoweCat7', 12, '2020-02-06 03:41', 'https://www.reddit.com/r/Buttcoin/comments/ezjjmt/craig_wrights_bonded_courier_allegedly_an/fgo0bd9/', "I've also heard from sources close to Craig that he's a blind deaf mute with cybernetic implants to store encrypted data and was trained by Tibetan monks to resist all forms of coercion.\n\nBasically he is unassailable by petty human courts because he has transcended to a higher plane of legality in harmony with the laws of the universe.", 'ezjjmt'], ['u/CommanderSleer', 13, '2020-02-06 04:40', 'https://www.reddit.com/r/Buttcoin/comments/ezjjmt/craig_wrights_bonded_courier_allegedly_an/fgo5p88/', "Studied law but never practiced.\n\nThere's definitely a thing in the industry of turning away troublesome clients who are just too difficult to represent, or simply have to be dropped for ethical reasons.\n\nI would not be surprised to find out that his lawyers aren't quite the best and brightest because the top-tier firms laughed him out years ago. Not saying that they're not playing by the rules, but perhaps they need him more than he needs them.", 'ezjjmt'], ['u/devliegende', 12, '2020-02-06 04:46', 'https://www.reddit.com/r/Buttcoin/comments/ezjjmt/craig_wrights_bonded_courier_allegedly_an/fgo688x/', "This whole saga however, is proof that the government cannot confiscate your Butts if you don't have the keys.", 'ezjjmt']]], ['u/jwinterm', 'This Bitcoin address associated with the MtGox hack has a balance of 75,957.20 BTC and not a single satoshi has ever been moved out of it', 561, '2020-02-06 02:32', 'https://www.reddit.com/r/CryptoCurrency/comments/ezkhbb/this_bitcoin_address_associated_with_the_mtgox/', "You can see the history of the address here: \nhttps://bitinfocharts.com/bitcoin/address/1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF\n\nOn March 1, 2011 it received 79,956 BTC in a single transaction [in what has been reported by Mark Karpeles to be associated with the MtGox hack](https://np.reddit.com/r/mtgoxinsolvency/comments/7q9kar/i_found_79k_of_stolen_mtgox_coins/). Karpeles is /u/MagicalTux on Reddit. He seems to indicate that he believes Jed McCaleb (who is mtgox apparently in the chat logs in the linked reddit thread) may have had some part in the hack.\n\nIt's ki... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Someone has just created a smart contract on ethereum with source codes in the shape of a monument in memory of Dr. Li Wenliang, the whistleblower of China\x92s coronavirus outbreak, who died of the disease. The source codes of the \x93Monument\x94 contract, created around 2:30 UTC on Friday, wrote down the biography of Dr. Li in Chinese with a highlighted \x93R.I.P\x94 and his contribution as a medical expert to alerting others of the danger of the virus as early as Dec. 30 \x96 only to be reprimanded by local police later on. The creation of the smart contract, which now becomes immutable and can\x92t be censored on a blockchain, comes at a time when Chinese netizens are showing widespread sadness and furor on messaging application WeChat and social media Weibo. Related: Coronavirus Checks China\x92s Blockchain Ambitions The news of his death broke late night Thursday China time, which immediately jumped to the top spot of Weibo\x92s real-time trending topic list. Within minutes, it was dropped to the seventh position and now it is no longer on the list, even though the hashtag #Dr. Li Wenliang passed away# has so far got one billion views with over onr million discussions on social media. Meanwhile, another hashtag \x96 # Wuhan government owes an apology to Dr. Li # in Chinese \x96 has been restricted. Searching for this hashtag on Weibo now leads to no results, although it was accessible on Thursday night immediately following Li\x92s death. Li, a doctor at a hospital in Wuhan, the epicenter of the coronavirus outbreak, was one of eight people who sent out early warnings on WeChat to fellow medics about the seriousness of the disease before the local authority informed the public that the disease is contagious. Related: Crypto News Roundup for Feb. 7, 2020 He was immediately silenced and reprimanded by local police for sending \x94false information.\x93 But Li contracted the virus while treating patients at Wuhan Central Hospital and died of the disease after efforts to treat him failed. Related Stories Coronavirus Concerns Cause Another Crypto Event to Be Postponed Bitcoin News Roundup for Feb. 6, 2020', 'Someone has just created a smart contract on ethereum with source codes in the shape of a monument in memory of Dr. Li Wenliang, the whistleblower of China’s coronavirus outbreak, who died of the disease.\nThe source codes of the “Monument” contract,createdaround 2:30 UTC on Friday, wrote down the biography of Dr. Li in Chinese with a highlighted “R.I.P” and his contribution as a medical expert to alerting others of the danger of the virus as early as Dec. 30 – only to be reprimanded by local police later on.\nThe creation of the smart contract, which now becomes immutable and can’t be censored on a blockchain, comes at a time when Chinese netizens are showing widespread sadness and furor on messaging application WeChat and social media Weibo.\nRelated:Coronavirus Checks China’s Blockchain Ambitions\nThe news of his deathbrokelate night Thursday China time, which immediately jumped to the top spot of Weibo’s real-time trending topic list.\nWithin minutes, it was dropped to the seventh position and now it is no longer on the list, even though the hashtag #Dr. Li Wenliang passed away# has so far got one billion views with over onr million discussions on social media.\nMeanwhile, another hashtag – #Wuhan government owes an apology to Dr. Li# in Chinese – has been restricted. Searching for this hashtag on Weibo now leads to no results, although it was accessible on Thursday night immediately following Li’s death.\nLi, a doctor at a hospital in Wuhan, the epicenter of the coronavirus outbreak, was one of eight people who sent out early warnings on WeChat to fellow medics about the seriousness of the disease before the local authority informed the public that the disease is contagious.\nRelated:Crypto News Roundup for Feb. 7, 2020\nHe was immediately silenced and reprimanded by local police for sending ”false information.“ But Li contracted the virus while treating patients at Wuhan Central Hospital and died of the disease after efforts to treat him failed.\n• Coronavirus Concerns Cause Another Crypto Event to Be Postponed\n• Bitcoin News Roundup for Feb. 6, 2020', '• Bitcoin’s bullish momentum is staying strong and resistance at $10,000 could soon be put to the test.\n• A break higher would expose the October high of $10,350.\n• The hourly chart shows $9,850 has emerged as resistance in the last 24 hours. Another rejection at the newfound hurdle could yield a minor pullback to $9,600.\nBitcoin is continuing to pile on the gains.\nThe number one cryptocurrency by market value rose to a three-month high of $9,859 during the U.S. trading hours on Thursday and was last seen trading at $9,801, according to CoinDesk’sBitcoin Price Index.\nWith the surge to multi-month highs,bitcoin has recovered a significant portion of the ground lost in the secondhalf of 2019.\nRelated:Why Cypherpunk Witches Love Bitcoin\nBitcoin’s bull move from the April 2019 low of $4,100 topped out at $13,880 at the end of June. The bears seized control in July and ended up pushing prices to below $7,000 by the end of November.\nDecember, therefore, began on a negative note with prominent analysts calling for a deeper drop to $6,000 or below onminer sellingof the digital asset.\nThe decline, however, was cut short at the seven-month low of $6,425 on Dec. 18. Since then the cryptocurrency has risen sharply by more than $3,300.\nThe speed of the ascent has been impressive – nearly 46 percent of the decline from $13,880 to $6,425 seen in the 25 weeks to Dec. 18 has been reversed in just seven weeks.\nRelated:Bitcoin Breaks Above $10,000 in Spot Market\nWith the bulls in control and momentum looking quite strong, the cryptocurrency could soon rise into five figures.\nThe daily chart looks constructive with the cryptocurrency printing bullish higher highs and higher lows with each passing week.\nConfirming the uptrend are the ascending five- and 10-day moving averages (MAs) and a bullish crossover of the 50- and 100-day MAs. The MACD histogram, meanwhile, is printing higher bars above the zero line, indicating a strengthening of bullish momentum.\nImportantly, the market is showing no signs of bull fatigue. The 14-day relative strength index is yet to cross into overbought territory above 70 and the cryptocurrency continues to print solid green candles with small wicks, a sign there is no hesitation among buyers while pushing prices higher.\nSo, the odds appear stacked in favor of a rise to the October high of $10,350. Pullbacks, if any, could find take the support of the ascending five- and 10-day MAs located at $9,526 and $9,445, respectively.\nBitcoin has faced rejection near $9,850 two times in the last 24 hours. Another failure might see some buyers opting to take their profits, leading to a minor price pullback to $9,635 (horizontal support line). Acceptance below that level might bring in deeper losses toward $9,500.\nDisclosure: The author does not currently hold any digital assets.\n• Appealing to Normies: Advancing Bitcoin Starts With Better UX\n• Above $10K: CME Bitcoin Futures Hit 3.5-Month Highs', 'View Bitcoin\x92s bullish momentum is staying strong and resistance at $10,000 could soon be put to the test. A break higher would expose the October high of $10,350. The hourly chart shows $9,850 has emerged as resistance in the last 24 hours. Another rejection at the newfound hurdle could yield a minor pullback to $9,600. Bitcoin is continuing to pile on the gains. The number one cryptocurrency by market value rose to a three-month high of $9,859 during the U.S. trading hours on Thursday and was last seen trading at $9,801, according to CoinDesk\x92s Bitcoin Price Index . With the surge to multi-month highs,bitcoin has recovered a significant portion of the ground lost in the secondhalf of 2019. Related: Why Cypherpunk Witches Love Bitcoin Bitcoin\x92s bull move from the April 2019 low of $4,100 topped out at $13,880 at the end of June. The bears seized control in July and ended up pushing prices to below $7,000 by the end of November. December, therefore, began on a negative note with prominent analysts calling for a deeper drop to $6,000 or below on miner selling of the digital asset. The decline, however, was cut short at the seven-month low of $6,425 on Dec. 18. Since then the cryptocurrency has risen sharply by more than $3,300. The speed of the ascent has been impressive \x96 nearly 46 percent of the decline from $13,880 to $6,425 seen in the 25 weeks to Dec. 18 has been reversed in just seven weeks. Related: Bitcoin Breaks Above $10,000 in Spot Market With the bulls in control and momentum looking quite strong, the cryptocurrency could soon rise into five figures. Daily chart The daily chart looks constructive with the cryptocurrency printing bullish higher highs and higher lows with each passing week. Confirming the uptrend are the ascending five- and 10-day moving averages (MAs) and a bullish crossover of the 50- and 100-day MAs. The MACD histogram, meanwhile, is printing higher bars above the zero line, indicating a strengthening of bullish momentum. Story continues Importantly, the market is showing no signs of bull fatigue. The 14-day relative strength index is yet to cross into overbought territory above 70 and the cryptocurrency continues to print solid green candles with small wicks, a sign there is no hesitation among buyers while pushing prices higher. So, the odds appear stacked in favor of a rise to the October high of $10,350. Pullbacks, if any, could find take the support of the ascending five- and 10-day MAs located at $9,526 and $9,445, respectively. Hourly chart Bitcoin has faced rejection near $9,850 two times in the last 24 hours. Another failure might see some buyers opting to take their profits, leading to a minor price pullback to $9,635 (horizontal support line). Acceptance below that level might bring in **Last 60 Days of Bitcoin's Closing Prices:** [7400.90, 7278.12, 7217.43, 7243.13, 7269.68, 7124.67, 7152.30, 6932.48, 6640.52, 7276.80, 7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-02-07 **Financial & Commodity Data:** - Gold Closing Price: $1568.60 - Crude Oil Closing Price: $50.32 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.56 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin is making its hottest start to a year since 2012. The largest cryptocurrency by market capitalization -- with a total value of $162 billion, according to CoinMarketCap.com -- has gained 23 percent so far this year, adding to its 87 percent gain in 2019. The U.S.’ killing of Iranian Gen. Qassem Soleimani was the “spark that gave the market confidence to start the fire,” said Mati Greenspan , founder of Quantum Economics. “The kindling had in fact been building for a while.” US, CHINA AND THE RACE FOR DIGITAL CURRENCY Bitcoin was trading near $6,970 per digital coin -- a little less than 50 percent off its 2019 high above $12,000 -- before the killing of Soleiman, which sparked concern that the U.S. was on the verge of military conflict with the Islamic Republic. The cryptocurrency immediately surged above $7,200 and has gained more than 28 percent since the news of the general's death, trading at $8,913 as of Friday morning. There are fundamental reasons for the gains, too, such as halving, expected this May. In halving, which happens roughly every four years, the amount of new bitcoin coin mined in each transaction is cut by 50 percent. The so-called mining that generates bitcoin involves algorithmic verification of deals in a digital open-source ledger known as blockchain. “I honestly think this was just due to halving and we just happen to see it happening right now,” Kiana Danial, CEO of Investdiva.com and the author of “Cryptocurrency Investing for Dummies,” told FOX Business’ Maria Bartiromo. The Chicago Mercantile Exchange’s launch of bitcoin options and a technical indicator pointing to more gains have aided the cryptocurrency's rise, too, she said. Greenspan, meanwhile, pointed to central banks loosening monetary policy. That typically devalues sovereign currencies and prompts investors to park their holdings elsewhere to retain value. The Federal Reserve began cutting rates in the second half of 2019 and has restarted purchases of government securities to buoy short-term lending markets. The European Central Bank, the People’s Bank of China and the Bank of Japan are also in easing mode. Story continues Greenspan believes all of the money “being created by the Fed and being pumped into the tech sector” is “trickling through to crypto market,” and that’s why riskier crypto assets are outperforming bitcoin, with some doubling or even tripling this year. CLICK HERE TO READ MORE ON FOX BUSINESS “It's been an incredible year for bitcoin and crypto,” he told FOX Business. Despite bitcoin's gains, it has yet to approach its 2017 high of about $20,000, a peak followed by a precipitous slide to $3,400 the very next year, prompting increased government scrutiny. Nouriel Roubini, the economist known as Dr. Doom who accurately predicted the 2008 financial crisis, told the Senate Banking Committee in late 2018 that cryptocurrency represented the "mother of all scams." Related Articles Best Buy Celebrates 50 Yrs With Saleathon; Will It Turn 60? Canadian Solar Is Facing More Challenges Than It Appears Target Adds Private Bathrooms to Quell Transgender Debate... - Reddit Posts (Sample): [['u/mikeyw972', 'What does your moon look like?', 32, '2020-02-07 00:57', 'https://www.reddit.com/r/CryptoCurrency/comments/f01ows/what_does_your_moon_look_like/', 'Crypto is a lot of things to a lot of people. And I\'m sure many of us share the same sentiment that they want to see their portfolios go "to the Moon". I got in when BTC was around 9.5k and 20k seems like a good profit, but we will see when we get there. Anyway what\'s y\'all\'s moon?', 'https://www.reddit.com/r/CryptoCurrency/comments/f01ows/what_does_your_moon_look_like/', 'f01ows', [['u/AnKrit11', 51, '2020-02-07 00:59', 'https://www.reddit.com/r/CryptoCurrency/comments/f01ows/what_does_your_moon_look_like/fgqxj2z/', 'Breaking even', 'f01ows'], ['u/mikeyw972', 10, '2020-02-07 01:00', 'https://www.reddit.com/r/CryptoCurrency/comments/f01ows/what_does_your_moon_look_like/fgqxkmz/', 'Ouch. That bad?', 'f01ows'], ['u/LargeSnorlax', 37, '2020-02-07 01:41', 'https://www.reddit.com/r/CryptoCurrency/comments/f01ows/what_does_your_moon_look_like/fgr1kv1/', "10 years - 5x (current) investment. \n\nSpeculative risk, speculative reward. \n\nRegular markets in 10 years will net me roughly 2x returns with compounding interest assuming somewhat the same trajectory.\n\nIf it's more, fine. If it's less, fine. \n\nHowever, a certain price isn't really my goal, I would like to have a stash of cryptocurrency I can use and exchange for goods and services worldwide, as I travel often.\n\nThe ability to forgo currency exchanges, local cash, and credit cards would be my personal moon.\n\nCurrently, when I travel, I have the following options:\n\n - Convert multiple currencies from local cash (Time consuming, eats tons of fees). the benefits of this is that basically everywhere takes the local currency.\n\n- Credit cards (Tracks location, spending data, information, habits). Taken in some places, refused in others, especially smaller towns and areas.\n\nI would like the ability to take a phone, make a hotwallet, and pay via cryptocurrency anywhere in the world. That's my dream, and moon.", 'f01ows'], ['u/Avennite', 16, '2020-02-07 01:42', 'https://www.reddit.com/r/CryptoCurrency/comments/f01ows/what_does_your_moon_look_like/fgr1np3/', "I don't have a lot of crypto. But I would take ATH for everything again and walk away happy. I'm not really looking to get rich. I would just like to get ahead in life a little bit. Maybe pay off my house or get an investment property.", 'f01ows'], ['u/tehjohn', 16, '2020-02-07 02:01', 'https://www.reddit.com/r/CryptoCurrency/comments/f01ows/what_does_your_moon_look_like/fgr3ic8/', 'I wait until there is no need to exchange Crypto to Fiat. So no exit really on my end ...', 'f01ows'], ['u/CryptoMutantSelfie', 15, '2020-02-07 02:12', 'https://www.reddit.com/r/CryptoCurrency/comments/f01ows/what_does_your_moon_look_like/fgr4j2e/', '10 mil+', 'f01ows'], ['u/Daleeburg', 45, '2020-02-07 02:20', 'https://www.reddit.com/r/CryptoCurrency/comments/f01ows/what_does_your_moon_look_like/fgr55oc/', 'Retirement or bust!', 'f01ows'], ['u/watahboy', 13, '2020-02-07 02:35', 'https://www.reddit.com/r/CryptoCurrency/comments/f01ows/what_does_your_moon_look_like/fgr6gf9/', "Enough to retire and buy a home. I'm getting old, but I can handle waiting through the next two halvenings while working. Luckily I am debt free and have a decent job for the time being. I don't see myself ever leaving crypto though.", 'f01ows'], ['u/watahboy', 11, '2020-02-07 02:48', 'https://www.reddit.com/r/CryptoCurrency/comments/f01ows/what_does_your_moon_look_like/fgr7m7k/', 'hah nearing 40, I know its not that old, but being surrounded by teenagers and 20 somethings makes me feel a bit dated and under-accomplished. Working 40+ hrs a week for almost 20 years is getting tiring.', 'f01ows'], ['u/mikeyw972', 10, '2020-02-07 02:51', 'https://www.reddit.com/r/CryptoCurrency/comments/f01ows/what_does_your_moon_look_like/fgr7tcp/', "I'm 42 and have 2 adult children. I feel ya. I have a good job, but I don't love it. My house is inexpensive so now that the kids are grown its my time to get some R&amp;R.", 'f01ows'], ['u/btceacc', 16, '2020-02-07 03:35', 'https://www.reddit.com/r/CryptoCurrency/comments/f01ows/what_does_your_moon_look_like/fgrbr6q/', 'He only bought 0.2 BTC.', 'f01ows']]], ['u/theredditrsofthereds', 'Is buying a $100 fraction of bitcoin worth it?', 13, '2020-02-07 02:06', 'https://www.reddit.com/r/Bitcoin/comments/f02n7t/is_buying_a_100_fraction_of_bitcoin_worth_it/', 'Kind of tempted. If bitcoin soars to 18-20k again, how much would my $100 investment be worth?', 'https://www.reddit.com/r/Bitcoin/comments/f02n7t/is_buying_a_100_fraction_of_bitcoin_worth_it/', 'f02n7t', [['u/Lambull', 76, '2020-02-07 02:49', 'https://www.reddit.com/r/Bitcoin/comments/f02n7t/is_buying_a_100_fraction_of_bitcoin_worth_it/fgr7nmn/', "Can you do math?\n\nIf bitcoin goes up to 20k, it would be doubling in price.\n\nI don't know what $100 doubled is, but its probably around 1 Lambo.", 'f02n7t'], ['u/jenny82ishere', 10, '2020-02-07 03:16', 'https://www.reddit.com/r/Bitcoin/comments/f02n7t/is_buying_a_100_fraction_of_bitcoin_worth_it/fgra2jl/', 'No for real. [Yellow one.]( https://www.wayfair.com/decor-pillows/pdp/east-urban-home-vintage-italia-series-1988-lamborghini-diablo-graphic-art-print-on-canvas-esur3563.html?piid=20850629)', 'f02n7t'], ['u/shreveportfixit', 14, '2020-02-07 03:59', 'https://www.reddit.com/r/Bitcoin/comments/f02n7t/is_buying_a_100_fraction_of_bitcoin_worth_it/fgrdsc9/', 'Never be sarcastic about the Mambo.', 'f02n7t'], ['u/OBSinFeZa', 16, '2020-02-07 05:12', 'https://www.reddit.com/r/Bitcoin/comments/f02n7t/is_buying_a_100_fraction_of_bitcoin_worth_it/fgrjz7c/', "'Sats' is a short word for Satoshis, these are the base units of bitcoin. 100,000,000 Satoshis = 1 BTC. 'Stacking sats' is a phrase to keep saving up satoshis like a traditional savings account.\n\n\nSo if you have 0.032 btc you have 3.2million Satoshis (3,200,000). A quick way to calculate it is to move the decimal point two places to the right and convert it into a comma.\n\n\nDM Me anytime if you need help with anything bitcoin related.", 'f02n7t']]], ['u/mcdj', 'I bought $150 worth of Bitcoin in March, 2018. I am very excited to announce...', 497, '2020-02-07 02:35', 'https://www.reddit.com/r/Bitcoin/comments/f030nr/i_bought_150_worth_of_bitcoin_in_march_2018_i_am/', '...almost 2 years later, I am now sitting pretty at $150.60.\n\nWoot!', 'https://www.reddit.com/r/Bitcoin/comments/f030nr/i_bought_150_worth_of_bitcoin_in_march_2018_i_am/', 'f030nr', [['u/WhitePeopleTacos', 150, '2020-02-07 02:45', 'https://www.reddit.com/r/Bitcoin/comments/f030nr/i_bought_150_worth_of_bitcoin_in_march_2018_i_am/fgr7bo6/', 'Whoa I know it’s tempting with all those gains but now is not the time to sell!! Just hold on a little longer at least two days.', 'f030nr'], ['u/TimesSquareMagician', 20, '2020-02-07 02:52', 'https://www.reddit.com/r/Bitcoin/comments/f030nr/i_bought_150_worth_of_bitcoin_in_march_2018_i_am/fgr7wur/', 'Probably still beats Bank interest', 'f030nr'], ['u/jenny82ishere', 16, '2020-02-07 03:03', 'https://www.reddit.com/r/Bitcoin/comments/f030nr/i_bought_150_worth_of_bitcoin_in_march_2018_i_am/fgr8w8v/', 'Almost 2 years at 1.6% apr is more than 60 cents.', 'f030nr'], ['u/sreaka', 67, '2020-02-07 03:11', 'https://www.reddit.com/r/Bitcoin/comments/f030nr/i_bought_150_worth_of_bitcoin_in_march_2018_i_am/fgr9m7c/', 'Remember to pay long term capital gains on the 60 cents', 'f030nr'], ['u/jenny82ishere', 10, '2020-02-07 03:32', 'https://www.reddit.com/r/Bitcoin/comments/f030nr/i_bought_150_worth_of_bitcoin_in_march_2018_i_am/fgrbgdx/', '~8 times more.', 'f030nr'], ['u/Hawkeye1964', 17, '2020-02-07 03:38', 'https://www.reddit.com/r/Bitcoin/comments/f030nr/i_bought_150_worth_of_bitcoin_in_march_2018_i_am/fgrc1a3/', 'Two nasty shitcoins right there', 'f030nr'], ['u/Daefyar', 16, '2020-02-07 03:58', 'https://www.reddit.com/r/Bitcoin/comments/f030nr/i_bought_150_worth_of_bitcoin_in_march_2018_i_am/fgrdpsp/', 'Aw shit Lambo time!', 'f030nr'], ['u/BlueFin33', 74, '2020-02-07 04:02', 'https://www.reddit.com/r/Bitcoin/comments/f030nr/i_bought_150_worth_of_bitcoin_in_march_2018_i_am/fgre2wg/', "Don't take unnecessary risks, sell and buy yourself something nice with those 60 cents.", 'f030nr'], ['u/musk2020', 14, '2020-02-07 04:30', 'https://www.reddit.com/r/Bitcoin/comments/f030nr/i_bought_150_worth_of_bitcoin_in_march_2018_i_am/fgrgj4x/', "You aren't liable for capital gains in the U.S. until you sell.", 'f030nr'], ['u/SupahCraig', 26, '2020-02-07 04:36', 'https://www.reddit.com/r/Bitcoin/comments/f030nr/i_bought_150_worth_of_bitcoin_in_march_2018_i_am/fgrh01e/', 'More bitcoin, for example.', 'f030nr'], ['u/Armond-Christoff', 13, '2020-02-07 04:39', 'https://www.reddit.com/r/Bitcoin/comments/f030nr/i_bought_150_worth_of_bitcoin_in_march_2018_i_am/fgrha1d/', 'Stonks', 'f030nr'], ['u/saltypandaa', 39, '2020-02-07 04:52', 'https://www.reddit.com/r/Bitcoin/comments/f030nr/i_bought_150_worth_of_bitcoin_in_march_2018_i_am/fgricrt/', 'WSBgod, is that you?', 'f030nr'], ['u/cryptomatt', 20, '2020-02-07 04:57', 'https://www.reddit.com/r/Bitcoin/comments/f030nr/i_bought_150_worth_of_bitcoin_in_march_2018_i_am/fgririo/', 'I knew Bitcoin was just a get rich quick scheme', 'f030nr'], ['u/iReallyHateSoup', 18, '2020-02-07 05:04', 'https://www.reddit.com/r/Bitcoin/comments/f030nr/i_bought_150_worth_of_bitcoin_in_march_2018_i_am/fgrjagx/', 'And people say bitcoin is not a store of value!', 'f030nr'], ['u/okaycan', 22, '2020-02-07 06:59', 'https://www.reddit.com/r/Bitcoin/comments/f030nr/i_bought_150_worth_of_bitcoin_in_march_2018_i_am/fgrrlq0/', 'THE RUMOURS OF MY DEATH HAVE BEEN GREATLY EXAGGERATED', 'f030nr'], ['u/ElephantsAreHeavy', 11, '2020-02-07 10:03', 'https://www.reddit.com/r/Bitcoin/comments/f030nr/i_bought_150_worth_of_bitcoin_in_march_2018_i_am/fgs14r9/', "I am never liable for capital gains in the US. I'm not a citizen or resident.", ... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14
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:** ['Although still relatively undernourished compared to the behemoths of online gambling, Bitcoin poker sites are gaining in popularity. Each one will have its advantages and disadvantages, ranging from the quality and quantity of the games plus the security of the site, which should remain a top priority for players. There are numerous benefits to playing poker with Bitcoin, including the avoidance of FX fees, heightened anonymity and faster payouts. Within Bitcoin poker sites there is a mixture of those that accept traditional fiat currencies along with Bitcoin and those that only accept Bitcoin itself. Ignition Casino Ignition Casino is an online gaming site licensed by the Kahnawake Gaming Commission established in 2016. They offer deposits in both Visa and Mastercard as well as Bitcoin. They also provide a variety of games including poker, slots and table games. One of the biggest positives for Ignition is that they accept American customers, however this is also a drawback as well. European citizens are likely to find themselves blocked from accessing the site. Using Bitcoin as a deposit method allows for higher limits \x96 $5,000 compared the the limit of $1,000 by credit card. Withdrawals are capped at $3,000 for both methods. They also offer typical welcome bonuses and refer-a-friend bonuses. Being a regulated online gaming site provides some comfort knowing that your funds should be safe for both depositing and withdrawals, but the lack of access for those outside of the US means that this particular site is extremely limited. Bet Online Casino Bet Online , unlike Ignition is available to many more nations worldwide. They offer a variety of games, from your typical online casino games and poker to live sports betting as well. Payment options are also extensive compared to Ignition. Not only do they provide e-wallet services but the cryptocurrency deposits extend further than just Bitcoin. Bitcoin Cash, Litecoin and Ethereum are also options available as deposits. Story continues One issue highlighted by users though is that the website is plagued by a wide range of bots within their poker services. Bots have become a real problem within the online poker industry both for major poker sites and the smaller ones. Bet Online allowing for more nations worldwide to use the site along with further cryptocurrency deposits gives them the slight edge over Ignition Casino. Nitrogen Sports Nitrogen Sports is an online gaming site that only offers deposits and withdrawals in Bitcoin. There are no credit cards to be found here. Licensed in Costa Rica, the site offers poker, sports betting and your classic card games such as blackjack. Much like Bitcoin only gaming sites Nitrogen Sports prides itself on \x93provably fair\x94 software for their casino games. While for your typical user depositing and withdrawing in Bitcoin might be a little confusing there is one key advantage \x96 fast payouts . Instead of waiting 24 hours or longer in some cases, payouts from Nitrogen Sports can happen in a matter of hours. The issue with using only Bitcoin as your deposit and withdrawal method though means that users then have to calculate consistently their betting value. Bets are still denominated in US dollars so some mental gymnastics are required. For big fans of Bitcoin though, this site seems ideal. Conclusion These are but three of the best Bitcoin poker sites. There are many more and it would not be surprising that some of the major online gaming sites jump on the bandwagon sooner or later. Each gaming site \x96 even the major ones \x96 have their own nuances and issues. Playing across a few and finding which one suits you best is key for your own entertainment and enjoyment. The post Choosing the right Bitcoin poker site appeared first on Coin Rivet .', 'Although still relatively undernourished compared to the behemoths of online gambling, Bitcoin poker sites are gaining in popularity. Each one will have its advantages and disadvantages, ranging from the quality and quantity of the games plus the security of the site, which should remain a top priority for players. There are numerous benefits to playing poker with Bitcoin, including the avoidance of FX fees, heightened anonymity and faster payouts. Within Bitcoin poker sites there is a mixture of those that accept traditional fiat currencies along with Bitcoin and those that only accept Bitcoin itself. Ignition Casino Ignition Casino is an online gaming site licensed by the Kahnawake Gaming Commission established in 2016. They offer deposits in both Visa and Mastercard as well as Bitcoin. They also provide a variety of games including poker, slots and table games. One of the biggest positives for Ignition is that they accept American customers, however this is also a drawback as well. European citizens are likely to find themselves blocked from accessing the site. Using Bitcoin as a deposit method allows for higher limits \x96 $5,000 compared the the limit of $1,000 by credit card. Withdrawals are capped at $3,000 for both methods. They also offer typical welcome bonuses and refer-a-friend bonuses. Being a regulated online gaming site provides some comfort knowing that your funds should be safe for both depositing and withdrawals, but the lack of access for those outside of the US means that this particular site is extremely limited. Bet Online Casino Bet Online , unlike Ignition is available to many more nations worldwide. They offer a variety of games, from your typical online casino games and poker to live sports betting as well. Payment options are also extensive compared to Ignition. Not only do they provide e-wallet services but the cryptocurrency deposits extend further than just Bitcoin. Bitcoin Cash, Litecoin and Ethereum are also options available as deposits. Story continues One issue highlighted by users though is that the website is plagued by a wide range of bots within their poker services. Bots have become a real problem within the online poker industry both for major poker sites and the smaller ones. Bet Online allowing for more nations worldwide to use the site along with further cryptocurrency deposits gives them the slight edge over Ignition Casino. Nitrogen Sports Nitrogen Sports is an online gaming site that only offers deposits and withdrawals in Bitcoin. There are no credit cards to be found here. Licensed in Costa Rica, the site offers poker, sports betting and your classic card games such as blackjack. Much like Bitcoin only gaming sites Nitrogen Sports prides itself on \x93provably fair\x94 software for their casino games. While for your typical user depositing and withdrawing in Bitcoin might be a little confusing there is one key advantage \x96 fast payouts . Instead of waiting 24 hours or longer in some cases, payouts from Nitrogen Sports can happen in a matter of hours. The issue with using only Bitcoin as your deposit and withdrawal method though means that users then have to calculate consistently their betting value. Bets are still denominated in US dollars so some mental gymnastics are required. For big fans of Bitcoin though, this site seems ideal. Conclusion These are but three of the best Bitcoin poker sites. There are many more and it would not be surprising that some of the major online gaming sites jump on the bandwagon sooner or later. Each gaming site \x96 even the major ones \x96 have their own nuances and issues. Playing across a few and finding which one suits you best is key for your own entertainment and enjoyment. The post Choosing the right Bitcoin poker site appeared first on Coin Rivet .', 'Although still relatively undernourished compared to the behemoths of online gambling, Bitcoin poker sites are gaining in popularity. Each one will have its advantages and disadvantages, ranging from the quality and quantity of the games plus the security of the site, which should remain a top priority for players. There are numerous benefits to playing poker with Bitcoin, including the avoidance of FX fees, heightened anonymity and faster payouts. Within Bitcoin poker sites there is a mixture of those that accept traditional fiat currencies along with Bitcoin and those that only accept Bitcoin itself. Ignition Casino Ignition Casino is an online gaming site licensed by the Kahnawake Gaming Commission established in 2016. They offer deposits in both Visa and Mastercard as well as Bitcoin. They also provide a variety of games including poker, slots and table games. One of the biggest positives for Ignition is that they accept American customers, however this is also a drawback as well. European citizens are likely to find themselves blocked from accessing the site. Using Bitcoin as a deposit method allows for higher limits \x96 $5,000 compared the the limit of $1,000 by credit card. Withdrawals are capped at $3,000 for both methods. They also offer typical welcome bonuses and refer-a-friend bonuses. Being a regulated online gaming site provides some comfort knowing that your funds should be safe for both depositing and withdrawals, but the lack of access for those outside of the US means that this particular site is extremely limited. Bet Online Casino Bet Online , unlike Ignition is available to many more nations worldwide. They offer a variety of games, from your typical online casino games and poker to live sports betting as well. Payment options are also extensive compared to Ignition. Not only do they provide e-wallet services but the cryptocurrency deposits extend further than just Bitcoin. Bitcoin Cash, Litecoin and Ethereum are also options available as deposits. Story continues One issue highlighted by users though is that the website is plagued by a wide range of bots within their poker services. Bots have become a real problem within the online poker industry both for major poker sites and the smaller ones. Bet Online allowing for more nations worldwide to use the site along with further cryptocurrency deposits gives them **Last 60 Days of Bitcoin's Closing Prices:** [7278.12, 7217.43, 7243.13, 7269.68, 7124.67, 7152.30, 6932.48, 6640.52, 7276.80, 7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-02-08 **Financial & Commodity Data:** - Gold Closing Price: $1568.60 - Crude Oil Closing Price: $50.32 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.56 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: The ability to share information across different blockchain networks is seen as one of the most important steps in the mass adoption and evolution of the blockchain industry. The term ‘blockchain interoperability’ has been tossed around for some time now, yet the vast majority of projects are still operating in siloes, thereby preventing the industry from reaching its full potential. Recently, new organisations have sprung up that aim to facilitate interaction between networks and ensure the concept of decentralisation is fully realised. What is blockchain interoperability? Blockchain interoperability means the ability to share, see, and access information across different networks without the need for intermediaries. Currently, blockchain networks operate independently from one another. The Bitcoin blockchain, for instance, operates entirely separately from the Ethereum network. There are vast numbers of projects out there, all of which have different characteristics – such as the type of transactions, hashing algorithm, or consensus model – and which specialise in a particular area. Some networks are designed for specific groups, organisations, or governmental departments. None of these networks have knowledge of the information contained on other networks, despite operating in the same industry. ConsenSys has argued that the ecosystem is currently in danger of ‘Balkanisation’ – becoming a series of unconnected systems operating alongside, but siloed from, each other. Its research paper warned: “We would be left with a scattered collection of siloed blockchains, each supported by a weak network of nodes and susceptible to attack, manipulation, and centralisation.” Why is blockchain interoperability important? The ability of different blockchain networks to interact with each other and share information is regarded as critical to the success of projects and the industry in general. In fact, interoperability is crucial in any software system – it simply won’t work to its full potential if it can’t work with other software. For example, most mobile apps that allow payments have to interoperate with PayPal. Story continues As IBM fellow and vice president for blockchain technologies Jerry Cuomo recently pointed out : “Interoperability in digital systems is important – period. Blockchain happens to be the latest and greatest recent breakthrough in that, so it applies equally as well.” Interoperability is thought to be an important precursor to blockchain’s mass adoption because it would hopefully enable smooth information sharing, easier execution of smart contracts, a more user-friendly experience, the opportunity to develop partnerships, and the sharing of solutions. At the same time, removing the need for intermediaries or third parties would push the industry closer to its goal of decentralisation. “The concept of decentralisation and blockchain interoperability are closely related,” said Jack Lu , founder and CEO of Wanchain. “Interoperability is the ability to freely share information across all blockchain networks. In a fully interoperable ecosystem, if a user from another blockchain sends you something on your blockchain, you will be able to easily recognise and interact with it. “Blockchain projects that want to implement interoperability into their platform want to create an ecosystem that will enable different blockchains to easily communicate with each another without the need for an intermediary – like a centralised exchange.” Projects focusing on blockchain interoperability Several projects have launched that aim to encourage and facilitate blockchain interoperability. One of the most well-known is Cosmos, which aims to act as an ecosystem of blockchains that can scale and interoperate with each other. The end goal is to create an ‘internet of blockchains’ – a network of blockchains that can communicate with one another in a decentralised way. The company’s website states: “With Cosmos, blockchains can maintain sovereignty, process transactions quickly, and communicate with other blockchains in the ecosystem, making it optimal for a variety of use cases.” Other well-known projects include Polkadot, which facilitates transactions and data exchange; Aion, which is working towards integrating artificial intelligence in its consensus model; and Ark, which lets users create new blockchains within minutes. Moving forward Interoperability could be a game changer for the blockchain industry, but there are still lots of hurdles to overcome. Many blockchains continue to move in different directions, are out to compete with one another and don’t have features that would support interconnection. But as interoperability start-up ventures gain traction, it could help to persuade networks that the seamless exchange of data is crucial to the success of the entire market. The post Blockchain interoperability will be key to successful projects this year appeared first on Coin Rivet .... - 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.
10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Bitcoin rose by 0.73% on Saturday. Following on from a 0.62% gain on Friday, Bitcoin ended the day at $9,877.2. A bearish start to the day saw Bitcoin fall to an early morning intraday low $9,657.8 before making a move. Bitcoin fell through the first major support level at $9,706.07 before rallying to a late intraday high $9,920.8. The rally saw Bitcoin break through the first major resistance level at $9,882.17 to hit $9,900 levels for the 1 st time since late October. Coming within range of the second major resistance level at $9,959.13, Bitcoin eased back to sub-$9,900 late in the day. The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, however, in spite of the current week gains. For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the top 10 cryptos, it was a mixed day for the crypto majors. Bitcoin Cash SV led the way with a 13.43% surge. EOS (+3.64%), Litecoin (+3.22%), and Tezos (+4.85%) also made solid gains on the day. Bitcoin Cash ABC (-1.66%), Cardano’s ADA (+0.67%), Ethereum (+0.07%), and Monero’s XMR (+1.56%) also ended the day in the green. Binance Coin (-1.00%), Ripple’s XRP (-0.75%), and Stellar’s Lumen (-0.94%) end the day in the red, however. Through the current week, the crypto total market cap rose from a Tuesday low $254.52bn to an early Sunday high $286.16bn. At the time of writing, the total market cap stood at $285.90bn. Having fallen back from 66% levels, Bitcoin’s dominance slipped further back to sub-64% levels going into Sunday. More marked gains across the broader market pinned Bitcoin back on the day. At the time of writing, Bitcoin’s dominance stood at 63.8%. Trading volumes also picked up, rising to $146bn levels on Thursday before easing back. At the time of writing, 24-hr volumes stood at $134.90bn. This Morning At the time of writing, Bitcoin was up by 1.98% to $10,073.0. A particularly bullish start to the day saw Bitcoin rally from an early morning low $9,871.1 to a high $10,109.0. Story continues Steering clear of the major support levels, Bitcoin broke through the first major resistance level at $9,979.4 and second major resistance level at $10,081.6. Elsewhere, it was a sea of green across the crypto board. Bitcoin Cash SV and Binance Coin led the way early with gains of 8.30% and 6.56% respectively. Litecoin and Tezos trailed the pack early, with gains of just 0.73% and 0.37% respectively. For the Bitcoin Day Ahead Bitcoin would need to break back through the second major resistance level at $10,081.6 to target $10,500 levels. Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $10,109.0. Barring an extended rally through the day, Bitcoin would likely fall short of the third major resistance level at $10,344.60. In the event of another breakout, resistance at $10,500 would likely limit the upside on the day. Failure to move back through the second major resistance level could see Bitcoin give up the early gains. A fall back through the first major resistance level to sub-$9,820 levels would bring the first major support level at $9,716.4 into play. Barring a crypto sell-off, however, Bitcoin should steer clear of the sub-$9,900 on the day. This article was originally posted on FX Empire More From FXEMPIRE: Brent Crude Oil Futures (BZ) Technical Analysis – Trade Through $56.56 Changes Momentum to Upside USD/JPY Forex Technical Analysis – Trade Through 109.534 Confirms Closing Price Reversal Top EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 09/02/20 The Weekly Wrap – U.S Data, Monetary Policy, and Geopolitics the Majors European Equities: A Week in Review – 08/02/20 US Stock Market Overview – Stocks Slide on Profit Taking Despite Strong Jobs Data', 'Bitcoin rose by 0.73% on Saturday. Following on from a 0.62% gain on Friday, Bitcoin ended the day at $9,877.2. A bearish start to the day saw Bitcoin fall to an early morning intraday low $9,657.8 before making a move. Bitcoin fell through the first major support level at $9,706.07 before rallying to a late intraday high $9,920.8. The rally saw Bitcoin break through the first major resistance level at $9,882.17 to hit $9,900 levels for the 1 st time since late October. Coming within range of the second major resistance level at $9,959.13, Bitcoin eased back to sub-$9,900 late in the day. The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, however, in spite of the current week gains. For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the top 10 cryptos, it was a mixed day for the crypto majors. Bitcoin Cash SV led the way with a 13.43% surge. EOS (+3.64%), Litecoin (+3.22%), and Tezos (+4.85%) also made solid gains on the day. Bitcoin Cash ABC (-1.66%), Cardano’s ADA (+0.67%), Ethereum (+0.07%), and Monero’s XMR (+1.56%) also ended the day in the green. Binance Coin (-1.00%), Ripple’s XRP (-0.75%), and Stellar’s Lumen (-0.94%) end the day in the red, however. Through the current week, the crypto total market cap rose from a Tuesday low $254.52bn to an early Sunday high $286.16bn. At the time of writing, the total market cap stood at $285.90bn. Having fallen back from 66% levels, Bitcoin’s dominance slipped further back to sub-64% levels going into Sunday. More marked gains across the broader market pinned Bitcoin back on the day. At the time of writing, Bitcoin’s dominance stood at 63.8%. Trading volumes also picked up, rising to $146bn levels on Thursday before easing back. At the time of writing, 24-hr volumes stood at $134.90bn. This Morning At the time of writing, Bitcoin was up by 1.98% to $10,073.0. A particularly bullish start to the day saw Bitcoin rally from an early morning low $9,871.1 to a high $10,109.0. Story continues Steering clear of the major support levels, Bitcoin broke through the first major resistance level at $9,979.4 and second major resistance level at $10,081.6. Elsewhere, it was a sea of green across the crypto board. Bitcoin Cash SV and Binance Coin led the way early with gains of 8.30% and 6.56% respectively. Litecoin and Tezos trailed the pack early, with gains of just 0.73% and 0.37% respectively. For the Bitcoin Day Ahead Bitcoin would need to break back through the second major resistance level at $10,081.6 to target $10,500 levels. Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $10,109.0. Barring an extended rally through the day, Bitcoin would likely fall short of the third major resistance level at $10,344.60. In the event of another breakout, resistance at $10,500 would likely limit the upside on the day. Failure to move back through the second major resistance level could see Bitcoin give up the early gains. A fall back through the first major resistance level to sub-$9,820 levels would bring the first major support level at $9,716.4 into play. Barring a crypto sell-off, however, Bitcoin should steer clear of the sub-$9,900 on the day. This article was originally posted on FX Empire More From FXEMPIRE: Brent Crude Oil Futures (BZ) Technical Analysis – Trade Through $56.56 Changes Momentum to Upside USD/JPY Forex Technical Analysis – Trade Through 109.534 Confirms Closing Price Reversal Top EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 09/02/20 The Weekly Wrap – U.S Data, Monetary Policy, and Geopolitics the Majors European Equities: A Week in Review – 08/02/20 US Stock Market Overview – Stocks Slide on Profit Taking Despite Strong Jobs Data', 'Bitcoin enthusiast were celebrating today as the world\x92s most dominant cryptocurrency finally edged over the $10,000 line. The psychological barrier has been within touching distance for days, but trading volume couldn\x92t quite give it the final push above $9,800 as it looked like BTC was preparing to slump ahead of May\x92s halving. However, a sudden rush of buyers in the early hours of Sunday morning gave Bitcoin enough momentum to carry it across the $10k mark and cement a leading role in what has been bullish narrative over recent weeks. Despite the golden cross a few days ago, typical volatility took hold and planted the seed of doubt in many minds where the significance of reaching double figures is not lost. The 50 exponential moving average darted over the 200 EMA to the upside for the first time since April 2019, signalling a bull dominance that looked likely to materialise on Friday. A bearish fight repeatedly held the price down but, by 2am this morning, the portents of destiny were in positive mood as BTC began to climb unchecked from $9,970. By 3am, any bearish resistance appeared to have transformed into a welcoming committee with a full $100 rise within the hour. The scene for today\x92s noteworthy value was set days ago. Bitcoin moved 5% upwards on Wednesday as it looked to test an apparent $9,600 level of resistance with $10,000 within sight. May\x92s halving is clearly a driving force behind this latest rally which has seen Bitcoin spring from $6,400 to $10,000 in under seven weeks. Bitcoin\x92s block reward halving will see miners accrue just 6.25 per block rather than 12.5, creating increased scarcity and, therefore, higher demand for holding digital assets. Read more about May\x92s halving here\x85 https://coinrivet.com/will-the-bitcoin-halving-spur-a-bull-market/ The post Bitcoin breaks $10,000 appeared first on Coin Rivet .', 'Bitcoin enthusiast were celebrating today as the world\x92s most dominant cryptocurrency finally edged over the $10,000 line. The psychological barrier has been within touching distance for days, but trading volume couldn\x92t quite give it the final push above $9,800 as it looked like BTC was preparing to slump ahead of May\x92s halving. However, a sudden rush of buyers in the early hours of Sunday morning **Last 60 Days of Bitcoin's Closing Prices:** [7217.43, 7243.13, 7269.68, 7124.67, 7152.30, 6932.48, 6640.52, 7276.80, 7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-02-09 **Financial & Commodity Data:** - Gold Closing Price: $1568.60 - Crude Oil Closing Price: $50.32 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.56 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: View Bitcoin logged double-digit gains on Wednesday, neutralizing the short-term bearish view. A close above $7,870 (Nov. 29 high) is now needed to invalidate the lower-highs set up and confirm a short-term bullish reversal. That looks likely, as one daily chart indicator is flashing a bullish divergence and Wednesday’s engulfing candle signaled seller exhaustion. Bitcoin surged by over 10 percent on Wednesday – the biggest single-day gain since Oct. 25, according to CoinDesk’s Bitcoin Price Index . Notably, prices had slumped to seven-month lows below $6,500 around lunchtime (UTC), but the breakdown was quickly undone and the cryptocurrency was trading above $7,400 before midnight. The rebound from multi-month lows is a tell-tale sign of seller exhaustion – especially, as it erased the losses seen in the preceding eight days. Related: Bitcoin ‘UTXOs in Loss’ at Record Highs Amid Price Sell-Off Wednesday’s spike has neutralized the immediate bearish case. That said, a bullish reversal would be confirmed only if and when prices rise above the Nov. 29 high of $7,870. That would invalidate the most basic of all bearish patterns – a lower-highs setup. With bitcoin currently trading at $7,170, the bull reversal is still $770 away. Daily chart Bitcoin has charted (price via Bitstamp) a series of lower highs (arrows) and lowers lows over the last five months. The last lower high at $7,870 was printed on Nov. 29 and is still intact. A UTC close above that level is needed to confirm a short-term bearish-to-bullish trend change, as noted above. Related: Bitcoin Drops Below Major Price Support for First Time Since May A move above that level shouldn’t be ruled out, as the 14-day relative strength index (RSI) has diverged in favor of the bulls. A bullish divergence occurs when an indicator prints higher lows, contradicting lower lows on price, and is considered an early warning of an impending corrective bounce. Additionally, Wednesday’s big bullish engulfing candle is indicating seller exhaustion and would gain credence if prices find acceptance above $7,450 (the candle’s high) in the next 24 hours. That would further strengthen the case for a test of resistance at $7,870. Story continues Both patterns would be invalidated if prices drop below $6,428, although that looks unlikely at press time. Weekly chart The overall outlook would turn bullish if and when the falling channel on the weekly chart is breached to the higher side. Currently, the channel resistance is located at $8,463. Disclosure: The author currently holds no digital assets. Related Stories Bitcoin Price Hits 3-Week Low Even as Investor Bets on a Bull Move Surge What Do Women Want? More Educational Materials Before Investing in Bitcoin... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39
You are an expert financial analyst. Your primary task is to 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 rallied by 2.77% on Sunday. Following on from a 0.73% gain on Saturday, Bitcoin ended the week up by 8.53% to $10,151.0. A bullish start to the day saw Bitcoin rally from an early morning intraday low $9,871.1 to a mid-morning intraday high $10,165.0. Bitcoin broke through the first major resistance level at $9,979.4 and the second major resistance level at $10,081.6. A mid-afternoon pullback saw Bitcoin fall back through the major resistance levels before bouncing back. The late bounce back saw Bitcoin break back through the first and second major resistance levels to wrap up the day at $10,100 levels. Bitcoin steered well clear of the major support levels throughout the day. The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, however, in spite of the upward momentum. For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the top 10 cryptos, it was a bullish end to the week for the crypto majors. Tezos and Binance Coin led the way with rallies of 15.04% and 11.87% respectively. Bitcoin Cash SV (+4.15%), EOS (+5.22%), and Monero’s XMR (+8.63%) also made strong gains. Bitcoin Cash ABC (+0.79%), Cardano’s ADA (+3.36%), Ethereum (+2.44%), Litecoin (+0.51%), Ripple’s XRP (+1.92%), Stellar’s Lumen (+2.38%), and Tron’s TRX (+1.13%) saw more modest gains. For the week, Binance Coin and Tezos led the way, with gains of 32.74% and 37.82% respectively. In the week, Tezos returned to the top 10 by market cap. Bitcoin Cash ABC (+19.80%), Bitcoin Cash SV (+26.6%), EOS (+18.38%), Ethereum (+21.56%), Monero’s XMR (+17.28%), Stellar’s Lumen (+15.30%), and Tron’s TRX (+15.55%) also made particularly strong gains. Cardano’s ADA (11.48%), Litecoin (+10.34%), and Ripple’s XRP (+12.30%) trailed the pack in the week. Through the current week, the crypto total market cap rose from a Tuesday low $254.52bn to a Sunday high $289.97bn. At the time of writing, the total market cap stood at $290.50bn. Story continues Having fallen back from 66% levels, Bitcoin’s dominance slipped further back to sub-64% levels over the weekend. More marked gains across the broader market pinned Bitcoin back. At the time of writing, Bitcoin’s dominance stood at 63.6%. Trading volumes were on the up, rising to $146bn levels on Thursday before easing back. At the time of writing, 24-hr volumes stood at $132.73bn. This Morning At the time of writing, Bitcoin was down by 0.06% to $10,145.0. A bearish start to the day saw Bitcoin fall from an early morning high $10,187.0 to a low $10,129.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Bitcoin Cash SV (-1.03%) and Monero’s XMR (-1.17%) led the way down. Binance Coin (-0.38%), Bitcoin Cash ABC (-0.73%), Cardano’s ADA (-0.62%), EOS (-0.30%), Ethereum (-0.23%), Ripple’s XRP (-0.10%) and Tron’s TRX (-0.24%) also saw red. Litecoin (+0.17%), Stellar’s Lumen (+0.83%), and Tezos (+0.81%) bucked the trend early on. For the Bitcoin Day Ahead Bitcoin would need to move back through the morning high $10,187.0 to bring the first major resistance level at $10,253.63 into play. Support from the broader market would be needed, however, for Bitcoin to break through to $10,200 levels. Barring a broad-based crypto rally day, the first major resistance level would likely limit any upside on the day. In the event of another breakout, the second major resistance level at $10,356.27 and $10,500 levels could come into play. Failure to move back through the morning high $10,287.0 could see Bitcoin fall deeper into the red. A fall back through the morning low $10,129.0 to sub-$10,062 levels would bring the first major support level at $9,959.73 into play. Barring a crypto sell-off, however, Bitcoin should steer clear of the sub-$9,900 on the day. This article was originally posted on FX Empire More From FXEMPIRE: The Week Ahead: Stats, Geopolitics and Monetary Policy Put the USD, GBP and Kiwi Dollar in Focus U.S Mortgage Rates See Red for a 3rd Consecutive Week The Crypto Daily – Movers and Shakers – 10/02/20 EUR/USD Forex Technical Analysis – Major Downside Targets Emerge on Charts at 1.0879 and 1.0838 US Stocks: Traders Shrug-Off Coronavirus Concerns as Focus Remains on Earnings, Upbeat US Economy Oil Price Fundamental Weekly Forecast – Russia Decision on Production Cuts Will Be Market Moving Event', 'Bitcoin rallied by 2.77% on Sunday. Following on from a 0.73% gain on Saturday, Bitcoin ended the week up by 8.53% to $10,151.0.\nA bullish start to the day saw Bitcoin rally from an early morning intraday low $9,871.1 to a mid-morning intraday high $10,165.0.\nBitcoin broke through the first major resistance level at $9,979.4 and the second major resistance level at $10,081.6.\nA mid-afternoon pullback saw Bitcoin fall back through the major resistance levels before bouncing back.\nThe late bounce back saw Bitcoin break back through the first and second major resistance levels to wrap up the day at $10,100 levels.\nBitcoin steered well clear of the major support levels throughout the day.\nThe near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, however, in spite of the upward momentum.\nFor the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.\nAcross the rest of the top 10 cryptos, it was a bullish end to the week for the crypto majors.\nTezos and Binance Coin led the way with rallies of 15.04% and 11.87% respectively.\nBitcoin Cash SV (+4.15%), EOS (+5.22%), and Monero’s XMR (+8.63%) also made strong gains.\nBitcoin Cash ABC (+0.79%), Cardano’s ADA (+3.36%), Ethereum (+2.44%), Litecoin (+0.51%), Ripple’s XRP (+1.92%), Stellar’s Lumen (+2.38%), and Tron’s TRX (+1.13%) saw more modest gains.\nFor the week, Binance Coin and Tezos led the way, with gains of 32.74% and 37.82% respectively. In the week, Tezos returned to the top 10 by market cap.\nBitcoin Cash ABC (+19.80%), Bitcoin Cash SV (+26.6%), EOS (+18.38%), Ethereum (+21.56%), Monero’s XMR (+17.28%), Stellar’s Lumen (+15.30%), and Tron’s TRX (+15.55%) also made particularly strong gains.\nCardano’s ADA (11.48%), Litecoin (+10.34%), and Ripple’s XRP (+12.30%) trailed the pack in the week.\nThrough the current week, the crypto total market cap rose from a Tuesday low $254.52bn to a Sunday high $289.97bn. At the time of writing, the total market cap stood at $290.50bn.\nHaving fallen back from 66% levels, Bitcoin’s dominance slipped further back to sub-64% levels over the weekend. More marked gains across the broader market pinned Bitcoin back. At the time of writing, Bitcoin’s dominance stood at 63.6%.\nTrading volumes were on the up, rising to $146bn levels on Thursday before easing back. At the time of writing, 24-hr volumes stood at $132.73bn.\nAt the time of writing, Bitcoin was down by 0.06% to $10,145.0. A bearish start to the day saw Bitcoin fall from an early morning high $10,187.0 to a low $10,129.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nBitcoin Cash SV (-1.03%) and Monero’s XMR (-1.17%) led the way down.\nBinance Coin (-0.38%), Bitcoin Cash ABC (-0.73%), Cardano’s ADA (-0.62%), EOS (-0.30%), Ethereum (-0.23%), Ripple’s XRP (-0.10%) and Tron’s TRX (-0.24%) also saw red.\nLitecoin (+0.17%), Stellar’s Lumen (+0.83%), and Tezos (+0.81%) bucked the trend early on.\nBitcoin would need to move back through the morning high $10,187.0 to bring the first major resistance level at $10,253.63 into play.\nSupport from the broader market would be needed, however, for Bitcoin to break through to $10,200 levels.\nBarring a broad-based crypto rally day, the first major resistance level would likely limit any upside on the day.\nIn the event of another breakout, the second major resistance level at $10,356.27 and $10,500 levels could come into play.\nFailure to move back through the morning high $10,287.0 could see Bitcoin fall deeper into the red.\nA fall back through the morning low $10,129.0 to sub-$10,062 levels would bring the first major support level at $9,959.73 into play.\nBarring a crypto sell-off, however, Bitcoin should steer clear of the sub-$9,900 on the day.\nThisarticlewas originally posted on FX Empire\n• The Week Ahead: Stats, Geopolitics and Monetary Policy Put the USD, GBP and Kiwi Dollar in Focus\n• U.S Mortgage Rates See Red for a 3rd Consecutive Week\n• The Crypto Daily – Movers and Shakers – 10/02/20\n• EUR/USD Forex Technical Analysis – Major Downside Targets Emerge on Charts at 1.0879 and 1.0838\n• US Stocks: Traders Shrug-Off Coronavirus Concerns as Focus Remains on Earnings, Upbeat US Economy\n• Oil Price Fundamental Weekly Forecast – Russia Decision on Production Cuts Will Be Market Moving Event', 'Despite forming a bullish higher high, Bitcoin was unable to stop itself from succumbing to a dramatic sell-off that saw a slump as low as $9,720 overnight. The move to the downside came after a tremendous rally that defied all odds by surging to above $10,180 \x96 rising by 12% in the past week. Numerous technical aspects of the chart are indicating the rally may continue into the rest of February, with the recent golden cross complementing yesterday\x92s confirmed higher high. The sell-off seems to be tied quite prominently to Bitcoin futures on the CME as the decline continued to $9,500 before bouncing back towards $10,000 . It\x92s worth noting that as the CME closes trading for the weekend a gap formed between $9,860 and $10,200. Gaps in traditional markets are often exploited and capitalised upon by traders as, more often than not, a gap soon gets filled following formation. However, now the gap on the CME has been filled there is little stopping Bitcoin from continuing its drive to the upside, as long as it keeps trading above the $9,620 level of support. A break below $9,620 would invalidate th **Last 60 Days of Bitcoin's Closing Prices:** [7243.13, 7269.68, 7124.67, 7152.30, 6932.48, 6640.52, 7276.80, 7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-02-10 **Financial & Commodity Data:** - Gold Closing Price: $1574.70 - Crude Oil Closing Price: $49.57 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.57 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: The Blockchain Association, a U.S. advocacy group uniting the industry’s leading startups including Coinbase, Circle, 0x, Ripple and others, has filed an amicus curiae brief in the ongoing SEC vs. Telegram case. It’s the second industry’s motion in as many days to support Telegram’s fight against the SEC allegation it violated U.S. securities law by selling future tokens (called grams) for its TON blockchain to accredited investors in the U.S. On Tuesday, the Chamber of Digital Commercefiledits own amicus brief, supporting Telegram’s argument that “digital assets may be the subject of an investment contract without being a security.” The Chamber, however, did not explicitly ask the court to take either side in this litigation. Related:SEC Charges Blockchain Marketplace Opporty Over ‘Fraudulent’ $600,000 ICO TheBlockchain Association’s briefstrikes a more straightforward note, arguing Telegram made sufficient efforts to meet the SEC’s criteria, adding that the regulator’s court action could harm both Telegram’s investors and the market in general. “The Court should not block a long-planned, highly anticipated product launch by interfering with a contract between sophisticated private parties. Doing so would needlessly harm the investors that securities laws were designed to protect,” the association says in its brief. Repeating long-held concerns that blockchain and cryptocurrency companies have not received clear and unambiguous guidance from the SEC for years, the brief argues the agency’s litigation against Telegram makes the situation even more gray: “The SEC’s lawsuit also raises novel questions regarding whether companies are forbidden from raising funds from sophisticated U.S. investors, under well-established regulatory provisions, to build blockchain networks.” Related:Digital Chamber Asks Court to Draw Line Between Investment Contracts and Assets in Telegram Case The advocacy group cites other cases of blockchain startups successfully interacting with the regulator, namelyTurnKey JetandPocketful of Quarters, which both secured no-action letters from the SEC. Kik is also mentioned, a firm stillhopingfor a court trial on its famous case. “Engaging with the SEC is extremely costly” and doesn’t necessarily save companies from future actions, the brief argues. “Telegram discussed its plans with SEC staff for a year and a half, provided copious information and responded to limited feedback by adjusting the design of its transaction. Yet, at the end, the SEC has sued, and the SEC’s briefs thus far say nothing about the substance of those discussions,” the association says. Forcing Telegram to cancel the launch of TON and the token issuance will ultimately harm both innovators and investors who invested in grams, the brief continues: “It would frustrate the investors’ aims in entering into the Purchase Agreement, and would frustrate innovation by delaying the network launch.” The association concludes by asking the court to “reject the SEC’s arguments that the not-yet-in-existence Grams were securities at the time of the Purchase Agreements.” The first court hearing for the case is scheduled for February 18. • Grayscale’s Bitcoin Trust Is Now Open to More Investors as SEC Reporting Company • SEC: Cash-Strapped Telegram Launched 2018 Token Sale to Pay for Servers... - 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.
10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Crypto exchange Binance\x92s peer-to-peer (P2P) trading platform has added support for Russian rubles (RUB). It allows users to buy and sell bitcoin (BTC), ether (ETH), Tether stablecoin (USDT) and Binance\x92s native coin (BNB) directly with rubles, according to an announcement Tuesday. Binance already supports rubles for direct fiat-to-crypto buying, but the P2P platform allows trading between people, even when crypto trading is banned in a certain country or jurisdiction. For instance, crypto-to-fiat trading is banned in China since 2017, but P2P platforms facilitate crypto trades. Binance\x92s P2P platform supports Chinese yuan (CNY), Vietnamese dong (VND), and now rubles. \x93P2P trading provides an open marketplace and more flexible access for users to trade multiple cryptocurrencies with other users or merchants in the payment methods they prefer,\x94 said Binance CEO Changpeng \x93CZ\x94 Zhao. Binance initially launched its P2P platform last October. Looking ahead, it plans to more fiat and cryptocurrencies trading options this year.', 'Crypto exchange Binance’s peer-to-peer (P2P) trading platform has added support for Russian rubles (RUB).\nIt allows users to buy and sell bitcoin (BTC), ether (ETH), Tether stablecoin (USDT) and Binance’s native coin (BNB) directly with rubles, according to anannouncementTuesday.\nBinancealready supportsrubles for direct fiat-to-crypto buying, but the P2P platform allows trading between people, even when crypto trading is banned in a certain country or jurisdiction.\nFor instance, crypto-to-fiat trading is banned in China since 2017, but P2P platforms facilitate crypto trades. Binance’s P2P platform supports Chinese yuan (CNY), Vietnamese dong (VND), and now rubles.\n“P2P trading provides an open marketplace and more flexible access for users to trade multiple cryptocurrencies with other users or merchants in the payment methods they prefer,” said Binance CEO Changpeng “CZ” Zhao.\nBinance initiallylaunchedits P2P platform last October. Looking ahead, it plans to more fiat and cryptocurrencies trading options this year.', '2018 and 2019 could be described as years in which there was a redefinition of blockchain technology and to what uses it should be channelled to. The decline of the market in 2018 as well as the rollercoaster ride of 2019 gave room for real-life use cases for blockchain technology to come to the fore. So what does 2020 have in store for the blockchain? We can expect to see the following: 1. Greater Regulation A bill has been submitted to the US Congress seeking to provide a proper regulatory framework for cryptocurrencies and other digital assets, with legal backing. Harnessing the full potential of the blockchain and cryptocurrencies is only possible when this industry is regulated just enough to root out the bad guys, but not too much as to stifle innovation. Many countries may perhaps be waiting to see what model of regulation the US brings to the table. Successful deployment of a regulatory framework in the US could spur a slew of similar actions across the globe. 2. Greater Institutional Footprint If blockchain assets and other digital currencies are brought into regulation in the US , this may finally give the confidence to other institutional players to bring money into the market, knowing that they have a cover for their humongous investments. Enterprise adoption is going to increase and we will see further deepening of the cryptocurrency market as well as adoption of more real life use cases for blockchain projects. 3. The Death of More ICOs of Yesteryears Many more of the much-hyped ICOs of 2017 and 2018 that were on one form of life support or another may finally be killed off this year as disillusioned investors jettison whatever they can of their battered holdings in order to recover some of their investment. Many of those ICOs were simply riding the moving horse. With that horse starting to tire, it became aware of all the deadweight and started to throw them off its back. This is exactly what has happened to all the deadbeat ICOs which had no real product, no value to add, but only served as a way for the founders to make money off gullible people who could not predict what would happen down the road. 4. More Funding for Viable Blockchain Projects Ripple was able to raise an additional $200m in December 2019 despite the underwhelming performance of its token in the market. The reason is simple: it has a working product which is gathering loads of attention from the relevant market and more players in that sector are signing up. Projects which have great use case scenarios will keep attracting more funding and more clientele. It will only be a matter of time before the boys are separated from the men. Story continues 5. Bitcoin to Continue Its Market Domination Bitcoin looks good to continue its dominance in the cryptocurrency market. According to TradingBeasts cryptocurrency guide for novice traders, it still commands the market capitalization, the trading volumes and market interest all across the world to maintain this position. Mention some other cryptocurrency in some parts of the world and many would draw blank; mention Bitcoin and the lights come on. We expect this to continue in 2020. This will be more pronounced in countries whose national currencies would struggle in the face of economic turmoil. In these areas, Bitcoin would become the new safe haven asset, which only serves to continue Bitcoin’s market domination. 6. Launch of a Few National Cryptocurrencies Some countries are in the stage of conceptualization, or are already in advanced stages of development of their national cryptocurrencies. Examples of countries that are considering launching digital versions of their national currencies include Switzerland and China, although the latter continues to keep mum over such a development. 2020 may also see more countries opening discussions and consultations to kickstart the digitalization of their national countries. However, these discussions seem to be well pronounced in Europe, less so in Asia and virtually non-existent in Africa and Latin America. Will the lagging countries be open to the idea? 2020 will tell. 7. The Make or Break Year for Libra Libra is yet to take off the blocks and already the project has started to face hitches with stiff opposition from the US, France and a few other countries. Some of its consort partners have also pulled out of the project. 2020 will determine if this project will take off or if Mark Zuckerberg and his team will decide to either kill off the project or replace it with something that is more agreeable to regulators and finance ministers. So these are the events we think will shape the blockchain industry in 2020. This article was originally posted on FX Empire More From FXEMPIRE: Silver Price Forecast – Further Consolidation in Silver as Investors Watch for Clarity on Rates No Returning of the Stock Market Bears? Price of Gold Fundamental Daily Forecast – Powell’s Response to Economic Impact of Virus Could Set Tone Asian Shares Boosted by Easing Concerns Over Coronavirus but China Production Worries Remain Natural Gas Price Fundamental Daily Forecast – Aggressive Short-Selling Driven by Warmer Weather Forecasts Silver Remains Choppy, Investors Await Powell Testimony View comments', '2018 and 2019 could be described as years in which there was a redefinition of blockchain technology and to what uses it should be channelled to. The decline of the market in 2018 as well as the rollercoaster ride of 2019 gave room for real-life use cases for blockchain technology to come to the fore.\nSo what does 2020 have in store for the blockchain? We can expect to see the following:\nA bill has been submitted to the US Congress seeking to provide a proper regulatory framework for cryptocurrencies and other digital assets, with legal backing. Harnessing the full potential of the blockchain and cryptocurrencies is only possible when this industry is regulated just enough to root out the bad guys, but not too much as to stifle innovation.\nMany countries may perhaps be waiting to see what model of regulation the US brings to the table. Successful deployment of a regulatory framework in the US could spur a slew of similar actions across the globe.\nIf blockchain assets and other digital currencies arebrought into regulation in the US, this may finally give the confidence to other institutional players to bring money into the market, knowing that they have a cover for their humongous investments. Enterprise adoption is going to increase and we will see further deepening of the cryptocurrency market as well as adoption of more real life use cases for blockchain projects.\nMany more of the much-hyped ICOs of 2017 and 2018 that were on one form of life support or another may finally be killed off this year as disillusioned investors jettison whatever they can of their battered holdings in order to recover some of their investment. Many of those ICOs were simply riding the moving horse. With that horse starting to tire, it became aware of all the deadweight and started to throw them off its back. This is exactly what has happened to all the deadbeat ICOs which had no real product, no value to add, but only served as a way for the founders to make money off gullible people who could not predict what would happen down the road.\nRipple was able to raise an additional $200m in December 2019 despite the underwhelming performance of its token in the market. The reason is simple: it has a working product which is gathering loads of attention from the relevant market and more players in that sector are signing up. Projects which have great use case scenarios will keep attracting more funding and more clientele. It will only be a matter of time before the boys are separated from the men.\nBitcoinlooks good to continue its dominance in the cryptocurrency market. According to TradingBeasts cryptocurrency guide for **Last 60 Days of Bitcoin's Closing Prices:** [7269.68, 7124.67, 7152.30, 6932.48, 6640.52, 7276.80, 7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-02-11 **Financial & Commodity Data:** - Gold Closing Price: $1565.60 - Crude Oil Closing Price: $49.94 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.52 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: A free $1,000 a month has long been the center point of Democratic businessman Andrew Yang’s campaign to become president. As he’s highlighted on the campaign trail and debate stage, Americans could do a lot with $1,000 every month. You could invest in a side business, save up for a home, or if you’re like millions of Americans with student loans, you could use it to pay down student debt. But when it comes to Yang’s cornerstone $1,000 a month “freedom dividend” as part of an answer to the problem of nearly $1.7 trillion dollars in outstanding student loan debt that Americans are increasingly struggling to pay back, former Democratic presidential candidate Marianne Williamson told Yahoo Finance that it alone might not be enough. Williamson, who suspended her campaign for the Democratic nomination in January, noted on Yahoo Finance’s YFi PM that while she previously and still currently supports the idea of a universal basic income, she believes student loan forgiveness would be a more worthwhile economic stimulus to pursue. “Even though I did in my campaign and I still do support UBI, it’s not the second coming of Christ,” she said, referring to universal base income. “It’s not going to fix everything, and I’m not in support of ‘UBI instead of everything else.’ Many of these issues still need to be dealt with.” To be fair, Yang’s campaign has proposed additional fixes specifically for the growing problem of student loans, including making it easier to discharge educational debt in bankruptcy. The campaign has also said it wouldexplore a blanket partial reduction in the principal of school loans, particularly for recent graduates with the largest debt levels. Williamson, who supported Yang at an event on the campaign trail in Iowa, said backing a blanket elimination of student loans would do more to stimulate the economy than even the Trump tax cuts. “You want to stimulate the economy? I’ll tell you what you do, get rid of this college loan debt,” she said. When reached for comment, Yang’s national press secretary S.Y. Lee thanked Williamson for her support of universal basic income and “her support of the Freedom Dividend, and her voice for peace in a world where strife is abounds,” he wrote. “We look forward to her continued advocacy.” Zack Guzman is the host ofYFi PMas well as a senior writer and on-air reporter covering entrepreneurship, cannabis, startups, and breaking news at Yahoo Finance. Follow him on Twitter@zGuz. Read the latest financial and business news from Yahoo Finance Read more: Bitcoin could more than double again in 2020 after 30% surge, says Tom Lee Illinois becomes the latest state to legalize marijuana, these states may follow Follow Yahoo Finance onTwitter,Facebook,Instagram,Flipboard,SmartNews,LinkedIn,YouTube, andreddit.... - Reddit Posts (Sample): [['u/[deleted]', 'Truly Private transactions for Ethereum are here', 49, '2020-02-11 00:06', 'https://www.reddit.com/r/CryptoCurrency/comments/f1yrq0/truly_private_transactions_for_ethereum_are_here/', "Read the article from buildblockchain for more information.\n\nhttps://www.buildblockchain.tech/newsletter/issues/no-83-aztec-brings-confidential-transactions-to-ethereum \n\nAztec protocol allows users to convert Dai,ETH and BTC into ZK versions of themselves which can be transferred privately throughout the Ethereum network, third parties aren't able to see how much has been sent. In future updates, details of the sender and receiver will also be private.\n\nProbably the most exciting innovation here is having a private and decentralised stable coin (ZKdai) because it is a first for the cryptocurrency ecosystem and could have a massive affect on adoption, now crypto can truly replace cash without the need to worry about volitility.\n\nPersonally I would love to see this added to the argent smart wallet which already makes it super easy for normal people to use crypto. If you haven't seen or used argent, I highly recommend it. It allows feeless transactions on ethereum and seemless access to the dai savings account. You can also swap tokens inside the wallet instantly.", 'https://www.reddit.com/r/CryptoCurrency/comments/f1yrq0/truly_private_transactions_for_ethereum_are_here/', 'f1yrq0', [['u/RammingIntoChicks', 11, '2020-02-11 06:48', 'https://www.reddit.com/r/CryptoCurrency/comments/f1yrq0/truly_private_transactions_for_ethereum_are_here/fha87a1/', 'I can see the deep web adopting a stable coin which is private. No volatility.', 'f1yrq0']]], ['u/freakroach', '[Deals] Deals With Gold and Spotlight sales for this week (Feb 11th - Feb 17th)', 149, '2020-02-11 02:36', 'https://www.reddit.com/r/xboxone/comments/f20v0x/deals_deals_with_gold_and_spotlight_sales_for/', "| Game | USD | GBP | EUR | AUD | CAD | Type |\n|:---- |:---- |:---- |:---- |:---- |:---- |:---- |\n| [Additional Gesture Bundle 2](https://www.microsoft.com/store/p/Additional-Gesture-Bundle-2/BQ5G52KFWW3Z)|$2.99|£2.39|€2.99|AU $4.41|$3.89|Spotlight |\n| [Additional Gesture Bundle 4](https://www.microsoft.com/store/p/Additional-Gesture-Bundle-4/C0L3S721PKTQ)|$4.79|£3.83|€4.79|AU $7.17|$5.99|Spotlight |\n| [Assassin’s Creed? Odyssey – Legacy of the First Blade](https://www.microsoft.com/store/p/Assassins-Creed-Odyssey--Legacy-of-the-First-Blade/C033FJRLPZVP)|$12.49|£9.99|€12.49|AU $19.00|$17.49|Spotlight |\n| [Assassin's Creed Antiquity Pack](https://www.microsoft.com/store/p/Assassins-Creed-Antiquity-Pack/C3JSDBR0WXDX)|$24.99|-|-|-|$34.99|Spotlight |\n| [Assassin's Creed Chronicles – Trilogy](https://www.microsoft.com/store/p/Assassins-Creed-Chronicles--Trilogy/C4HB1XWT02DK)|$7.49|£5.99|€7.49|AU $10.48|$8.99|Spotlight |\n| [Assassin's Creed IV: Black Flag](https://www.microsoft.com/store/p/Assassins-Creed-IV-Black-Flag/BRKMHZX1RCF2)|$11.99|£6.39|€7.99|AU $11.98|$11.99|Spotlight |\n| [Assassin's Creed Legendary Collection](https://www.microsoft.com/store/p/Assassins-Creed-Legendary-Collection/BZWTTXFKTS3N)|$65.99|-|-|-|$85.79|Spotlight |\n| [Assassin's Creed Rogue Remastered](https://www.microsoft.com/store/p/Assassins-Creed-Rogue-Remastered/BWT5L9P3L60X)|$14.99|£12.49|€14.99|AU $24.97|$19.99|Spotlight |\n| [Assassin's Creed The Ezio Collection](https://www.microsoft.com/store/p/Assassins-Creed-The-Ezio-Collection/BQ9S8ZKCT3Q7)|$11.99|£11.99|€14.99|AU $20.98|$14.99|Spotlight |\n| [Assassin's Creed Triple Pack: Black Flag, Unity, Syndicate](https://www.microsoft.com/store/p/Assassins-Creed-Triple-Pack-Black-Flag-Unity-Syndicate/C48ZFTBQ17Q3)|$29.69|£23.09|€26.39|AU $37.76|$29.69|Spotlight |\n| [Assassin's Creed Unity](https://www.microsoft.com/store/p/Assassins-Creed-Unity/BRQH27C9RGXS)|$9.89|£8.24|€9.89|AU $16.48|$8.24|Spotlight |\n| [Assassin's Creed® III Remastered](https://www.microsoft.com/store/p/Assassins-Creed-III-Remastered/BPMJ413V6BB2)|$15.99|£11.99|€15.99|AU $27.98|$19.99|Spotlight |\n| [Assassin's Creed® Odyssey](https://www.microsoft.com/store/p/Assassins-Creed-Odyssey/BW9TWC8L4JCS)|$14.99|£21.99|€27.99|AU $39.98|$19.99|Spotlight |\n| [Assassin's Creed® Odyssey - DELUXE EDITION](https://www.microsoft.com/store/p/Assassins-Creed-Odyssey--DELUXE-EDITION/C3LC9H239V2W)|$19.99|£23.44|€29.74|AU $42.94|$24.99|Spotlight |\n| [Assassin's Creed® Odyssey - GOLD EDITION](https://www.microsoft.com/store/p/Assassins-Creed-Odyssey--GOLD-EDITION/BNF5Q9ZSD84Z)|$24.99|£27.99|€34.99|AU $50.82|$32.49|Spotlight |\n| [Assassin's Creed® Odyssey - SEASON PASS](https://www.microsoft.com/store/p/Assassins-Creed-Odyssey--SEASON-PASS/C0KF7W2G21QX)|$19.99|£16.39|€19.99|AU $29.97|$24.99|Spotlight |\n| [Assassin's Creed® Odyssey - ULTIMATE EDITION](https://www.microsoft.com/store/p/Assassins-Creed-Odyssey--ULTIMATE-EDITION/BRQGNR1PZHP4)|$29.99|£32.19|€40.24|AU $58.69|$37.49|Spotlight |\n| [Assassin's Creed® Origins](https://www.microsoft.com/store/p/Assassins-Creed-Origins/BZGJRJC1FGF3)^( **Enhanced** **HDR** **4K** )|$14.99|£13.74|€17.49|AU $24.98|$19.99|Spotlight |\n| [Assassin's Creed® Origins - DELUXE EDITION](https://www.microsoft.com/store/p/Assassins-Creed-Origins--DELUXE-EDITION/BWCF86S64BWW)^( **Enhanced** )|$17.49|£15.74|€19.99|AU $28.80|$22.49|Spotlight |\n| [Assassin's Creed® Origins - GOLD EDITION](https://www.microsoft.com/store/p/Assassins-Creed-Origins--GOLD-EDITION/BX8J66WFQ1VK)^( **Enhanced** )|$24.99|£23.99|€29.99|AU $43.56|$32.49|Spotlight |\n| [Assassin's Creed® Origins - Season Pass](https://www.microsoft.com/store/p/Assassins-Creed-Origins--Season-Pass/BTMWWBXDBR7H)^( **Enhanced** )|$19.99|£14.99|€19.99|AU $29.97|$24.99|Spotlight |\n| [Assassin's Creed® Syndicate](https://www.microsoft.com/store/p/Assassins-Creed-Syndicate/BXVQ8M4J9HNM)|$9.89|£8.24|€9.89|AU $16.48|$13.19|Spotlight |\n| [Assassin's Creed® Syndicate Gold Edition](https://www.microsoft.com/store/p/Assassins-Creed-Syndicate-Gold-Edition/BNQSZ6ZS57B0)|$16.49|£14.84|€16.49|AU $23.08|$22.10|Spotlight |\n| [Battleship](https://www.microsoft.com/store/p/BATTLESHIP/BPX2DBJS60SQ)|$5.99|£4.63|€5.99|AU $8.78|$5.99|Spotlight |\n| [BioShock: The Collection](https://www.microsoft.com/store/p/BioShock-The-Collection/C2HCDG7L1469)|$11.99|£8.99|€9.99|AU $19.99|$15.99|Spotlight |\n| [Borderlands 3](https://www.microsoft.com/store/p/Borderlands-3/C34NB0F1B5WQ)|$29.99|£29.99|€34.99|AU $49.97|$39.99|Spotlight |\n| [Borderlands 3 Deluxe Edition](https://www.microsoft.com/store/p/Borderlands-3-Deluxe-Edition/C4MJQHMNFC98)|$39.99|£37.49|€42.49|AU $65.10|$49.99|Spotlight |\n| [Borderlands 3 Super Deluxe Edition](https://www.microsoft.com/store/p/Borderlands-3-Super-Deluxe-Edition/BTKGPC4331HC)|$49.99|£44.99|€49.99|AU $74.85|$59.99|Spotlight |\n| [Borderlands: Game of the Year Edition](https://www.microsoft.com/store/p/Borderlands-Game-of-the-Year-Edition/BVMMV3Q3ZB1F)|$14.99|£12.49|€14.99|AU $22.47|$14.99|Spotlight |\n| [Borderlands: The Handsome Collection](https://www.microsoft.com/store/p/Borderlands-The-Handsome-Collection/C4DQHRNN1ZN5)|$14.99|£11.24|€14.99|AU $24.98|$17.49|Spotlight |\n| [BUNDLE - Unbox: Newbie's Adventure and Sublevel Zero: Redux](https://www.microsoft.com/store/p/BUNDLE--Unbox-Newbies-Adventure-and-Sublevel-Zero-Redux/C4NFTC2BM6SW)|$11.24|£8.99|€11.24|AU $14.61|$11.24|Spotlight |\n| [Bundle: South Park™ : The Stick of Truth™ + The Fractured but Whole™](https://www.microsoft.com/store/p/Bundle-South-Park--The-Stick-of-Truth--The-Fractured-but-Whole/BVKKVGKJ6GQW)|$23.09|£18.14|€23.09|AU $32.98|$32.99|Spotlight |\n| [Capcom Beat 'Em Up Bundle](https://www.microsoft.com/store/p/Capcom-Beat-Em-Up-Bundle/BV26W4BTCLKG)|$9.99|£7.99|€9.99|AU $14.97|$13.49|Spotlight |\n| [Carnival Games](https://www.microsoft.com/store/p/Carnival-Games/BS6CMVNFF1VB)|$9.99|£8.74|€9.99|AU $17.48|$13.37|Spotlight |\n| [Child of Light](https://www.microsoft.com/store/p/Child-of-Light/BQ9Q620NC614)|$4.49|£3.59|€4.49|AU $5.98|$4.49|Spotlight |\n| [Children of Morta](https://www.microsoft.com/store/p/Children-of-Morta/9P675WH90SB4)|$15.39|£12.94|€15.39|AU $23.06|$19.59|Spotlight |\n| [ClusterTruck](https://www.microsoft.com/store/p/ClusterTruck/BX4J85JZNGXQ)|$4.94|£3.95|€4.94|-|$4.94|Deal With Gold |\n| [Costume Pack](https://www.microsoft.com/store/p/Costume-Pack/BXT303WHQBML)|$3.99|£3.19|€3.99|AU $5.38|$3.99|Spotlight |\n| [Crash Bandicoot N. Sane Trilogy](https://www.microsoft.com/store/p/Crash-Bandicoot-N-Sane-Trilogy/C27XPR5XDMFT)|$19.99|£17.49|€19.99|AU $34.97|$27.49|Spotlight |\n| [Crash Bandicoot™ Bundle - N. Sane Trilogy + CTR Nitro-Fueled](https://www.microsoft.com/store/p/Crash-Bandicoot-Bundle--N-Sane-Trilogy--CTR-NitroFueled/9NVQ3KCWBQG2)|$41.24|£32.99|€38.49|AU $67.89|$54.99|Spotlight |\n| [Crash™ + Spyro™ Triple Play Bundle](https://www.microsoft.com/store/p/Crash--Spyro-Triple-Play-Bundle/9N1P6ZT92LNT)|$59.99|£51.00|€59.99|AU $104.67|$80.99|Spotlight |\n| [Crash™ Team Racing Nitro-Fueled](https://www.microsoft.com/store/p/Crash-Team-Racing-NitroFueled/BQRB60PW2SDL)|$23.99|£20.99|€23.99|AU $41.97|$29.99|Spotlight |\n| [Crash™ Team Racing Nitro-Fueled - Nitros Oxide Edition](https://www.microsoft.com/store/p/Crash-Team-Racing-NitroFueled--Nitros-Oxide-Edition/BWM6WTKKGQLC)|$35.99|£32.99|€35.99|AU $59.97|$44.99|Spotlight |\n| [Crash™ Team Racing Nitro-Fueled + Spyro™ Game Bundle](https://www.microsoft.com/store/p/Crash-Team-Racing-NitroFueled--Spyro-Game-Bundle/9NSWRNXVBRJP)|$41.24|£32.99|€38.49|AU $67.89|$54.99|Spotlight |\n| [Dangerous Driving](https://www.microsoft.com/store/p/Dangerous-Driving/9NTDHC46672V)|$16.49|£13.74|€16.49|AU $24.72|$21.44|Deal With Gold |\n| [Dead Rising](https://www.microsoft.com/store/p/Dead-Rising/BZV7W98B3XN4)|$5.99|£4.79|€5.99|AU $7.48|$7.49|Spotlight |\n| [Dead Rising 2](https://www.microsoft.com/store/p/Dead-Rising-2/C3CSPBFVQ80K)|$5.99|£4.79|€5.99|AU $7.48|$7.49|Spotlight |\n| [Dead Rising 2: Off The Record](https://www.microsoft.com/store/p/Dead-Rising-2-Off-the-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.
10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44
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:** ['Bitcoin rallied by 4.01% on Tuesday. Reversing a 2.96% slide from Monday, Bitcoin ended the day at $10,247.0.\nA bearish start to the day saw Bitcoin fall to an early morning intraday low $9,720.0 before making a move.\nSteering clear of the first major support level at $9,639.13, Bitcoin rallied to a late afternoon intraday high $10,316.0.\nBitcoin broke through the first major resistance level at $10,124.13 to visit $10,300 levels for the 1sttime since September.\nA late pullback saw Bitcoin fall back to $10,190 levels before wrapping up the day at $10,200 levels.\nThe near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, however, in spite of the upward trend.\nFor the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.\nAcross the rest of the top 10 cryptos, it was a bullish day for the crypto majors.\nTezos led the way, rallying by 11.47%.\nCardano’s ADA (+7.57%), EOS (+7.12%), Ethereum (+6.78%), and Monero’s XMR (+6.37%) also made solid gains.\nBitcoin Cash ABC (+4.02%), Bitcoin Cash SV (+4.72%), and Stellar’s Lumen (+4.94%) weren’t far behind.\nBinance Coin (+2.50%), Litecoin (+3.80%), Ripple’s XRP (+2.75%), and Tron’s TRX (+3.1%) trailed the pack on the day.\nThrough the start of the week, the crypto total market cap fell to a Tuesday low $279.65bn before rising to an early Wednesday high $296.27. At the time of writing, the total market cap stood at $296.27bn.\nBitcoin’s dominance slipped further back through the start of the week to 63.1% at the time of writing.\nTrading volumes also picked up, rising to $145bn levels on Monday. At the time of writing, 24-hr volumes stood at $138.83bn.\nAt the time of writing, Bitcoin was up by 0.2% to $10,268.0. A bullish start to the day saw Bitcoin rise from an early morning low $10,246.0 to a high $10.314.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nBinance Coin was down by 0.38% to buck the trend early on.\nIt was a bullish start for the rest of the pack, with Ethereum up by 2.15% to lead the way. Stellar’s Lumen (+1.16%) and Bitcoin Cash SV (+1.01%) also found strong support early on.\nBitcoin would need to move back through to $10,300 levels to bring the first major resistance level at $10,468.67 into play.\nSupport from the broader market would be needed, however, for Bitcoin to break through to $10,400 levels.\nBarring another broad-based crypto rally, resistance at $10,400 would likely leave Bitcoin short of the first major resistance level.\nIn the event of another breakout, Bitcoin would eye a breakout from $10,500 levels before any pullback.\nFailure to move back through to $10,300 levels could see Bitcoin hit reverse\nA fall back through the morning low $10,246 to sub-$10,095 levels would bring the first major support level at $9,872.67 into play.\nBarring a crypto sell-off, however, Bitcoin should steer clear of the sub-$9,800 levels on the day.\nThisarticlewas originally posted on FX Empire\n• The Crypto Daily – Movers and Shakers – 12/02/20\n• USD/CNY Price Forecast – China Outlook Stabilizes as Yuan Rises for Second Day\n• Gold (GC) Technical Analysis Price Futures – Strengthens Over $1570.60, Weakens Under $1565.80\n• Natural Gas Price Prediction – Prices Rebound Slightly But Trend is for Lower Prices\n• Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – 12/02/20\n• U.S. Dollar Index Futures (DX) Technical Analysis – Trade Through 98.585 Confirms Closing Price Reversal Top', 'Bitcoin rallied by 4.01% on Tuesday. Reversing a 2.96% slide from Monday, Bitcoin ended the day at $10,247.0. A bearish start to the day saw Bitcoin fall to an early morning intraday low $9,720.0 before making a move. Steering clear of the first major support level at $9,639.13, Bitcoin rallied to a late afternoon intraday high $10,316.0. Bitcoin broke through the first major resistance level at $10,124.13 to visit $10,300 levels for the 1 st time since September. A late pullback saw Bitcoin fall back to $10,190 levels before wrapping up the day at $10,200 levels. The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, however, in spite of the upward trend. For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the top 10 cryptos, it was a bullish day for the crypto majors. Tezos led the way, rallying by 11.47%. Cardano’s ADA (+7.57%), EOS (+7.12%), Ethereum (+6.78%), and Monero’s XMR (+6.37%) also made solid gains. Bitcoin Cash ABC (+4.02%), Bitcoin Cash SV (+4.72%), and Stellar’s Lumen (+4.94%) weren’t far behind. Binance Coin (+2.50%), Litecoin (+3.80%), Ripple’s XRP (+2.75%), and Tron’s TRX (+3.1%) trailed the pack on the day. Through the start of the week, the crypto total market cap fell to a Tuesday low $279.65bn before rising to an early Wednesday high $296.27. At the time of writing, the total market cap stood at $296.27bn. Bitcoin’s dominance slipped further back through the start of the week to 63.1% at the time of writing. Trading volumes also picked up, rising to $145bn levels on Monday. At the time of writing, 24-hr volumes stood at $138.83bn. This Morning At the time of writing, Bitcoin was up by 0.2% to $10,268.0. A bullish start to the day saw Bitcoin rise from an early morning low $10,246.0 to a high $10.314.0. Bitcoin left the major support and resistance levels untested early on. Story continues Elsewhere, it was a mixed start to the day. Binance Coin was down by 0.38% to buck the trend early on. It was a bullish start for the rest of the pack, with Ethereum up by 2.15% to lead the way. Stellar’s Lumen (+1.16%) and Bitcoin Cash SV (+1.01%) also found strong support early on. For the Bitcoin Day Ahead Bitcoin would need to move back through to $10,300 levels to bring the first major resistance level at $10,468.67 into play. Support from the broader market would be needed, however, for Bitcoin to break through to $10,400 levels. Barring another broad-based crypto rally, resistance at $10,400 would likely leave Bitcoin short of the first major resistance level. In the event of another breakout, Bitcoin would eye a breakout from $10,500 levels before any pullback. Failure to move back through to $10,300 levels could see Bitcoin hit reverse A fall back through the morning low $10,246 to sub-$10,095 levels would bring the first major support level at $9,872.67 into play. Barring a crypto sell-off, however, Bitcoin should steer clear of the sub-$9,800 levels on the day. This article was originally posted on FX Empire More From FXEMPIRE: The Crypto Daily – Movers and Shakers – 12/02/20 USD/CNY Price Forecast – China Outlook Stabilizes as Yuan Rises for Second Day Gold (GC) Technical Analysis Price Futures – Strengthens Over $1570.60, Weakens Under $1565.80 Natural Gas Price Prediction – Prices Rebound Slightly But Trend is for Lower Prices Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – 12/02/20 U.S. Dollar Index Futures (DX) Technical Analysis – Trade Through 98.585 Confirms Closing Price Reversal Top', 'After posting solid gains in January, a key measure of competition among bitcoin miners has stagnated in the past two weeks as the coronavirus outbreak disrupts economic activity in China.\nThe slowdown in the growth of so-called mining difficulty signals miners have had to pause upgrading equipment after the epidemic prompted Chinese authorities to impose a quarantine and major mining equipment makers delayed production and shipments.\nMining difficulty – which gauges the effort required to solve math problems in order to win newly created bitcoin – adjusted on Feb. 11 to a level 0.52 percent higher than 14 days earlier, datashow. That’s a significant drop from the growth rates of 4.67 and 7.08 percent, recorded on Jan. 28 and 14, respectively.\nRelated:North Korea Is Expanding Its Monero Mining Operations, Says Report\nBitcoin is designed for the difficulty to adjust roughly every two weeks, depending on the amount of computing power connected to the network. When more miners join the race to earn newly created bitcoin, the difficulty rises; when miners drop out, the measure eases.\nBefore the slowdown, miners were bracing for a new reality: their industry was about to become fundamentally less profitable. In May, mining rewards are expected to be cut in half, to around 6.25 bitcoin ($64,000 at current prices) per block, every 10 minutes or so. This would be the third so-called halving in bitcoin’s history and could result in operating costs exceeding revenue at miners.\n“Many miners have been phasing out older mining machines and buying new and more powerful models as we get closer to the halving,” said Jason Wu, the co-founder and CEO of crypto lending startup DeFiner. For example, mining farm tenants have started to replace old machines such as Bitmain’s AntMiner S7 and S9 since the second half of 2019, Wu said.\n“The outbreak may have delayed the transition and contributed to the slow growth in mining difficulty,” Wu said.\nRelated:Childhood Friends Battle Over Ownership of North America’s Largest Bitcoin Mine\nMiners now keep running the remaining old machines since a high bitcoin price at the moment (above $10,000 since the weekend) keeps such operations profitable, while waiting for new models to be delivered, according to Wu.\nAside from the availability of new equipment, the virus has affected some miners in a more direct way.\n“While most mining farms remain open during the Chinese New Year, there have been incidents where mining farms are shut by local governments due to the outbreak,” said Aries Wang, co-founder and CEO of crypto exchange Bibox.\nOne mining farm owned by mining pool BTC.top’s CEO Zhuoer Jiang was shut down by the local government in an unnamed area in China, Jiangsaidon Feb. 4 via the social media network Weibo.\nAmong the largest c **Last 60 Days of Bitcoin's Closing Prices:** [7124.67, 7152.30, 6932.48, 6640.52, 7276.80, 7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-02-12 **Financial & Commodity Data:** - Gold Closing Price: $1567.40 - Crude Oil Closing Price: $51.17 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.61 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: South Korea’s National Tax Service (NTS) will withhold tax worth 80.3 billion won, or $70 million, from the country’s largest crypto exchange Bithumb. CoinDesk KoreareportedSunday that Vidente, the largest shareholder of Bithumb Holdings, which runs Bithumb Korea, confirmed the withheld amount in a notice and said the tax will be imposed on its foreign customers. However, that may not actually happen. This is the first time the country’s taxation agency has imposed tax on gains from cryptocurrency transactions, the report said. Related:South Korean Central Bank to Organize a CBDC Task Force “Bithumb Korea is planning to take legal action against the tax claim so the final payment can be adjusted in the future,” the notice said, according to areportby Korea JoongAng Daily on Monday. The amount of tax was calculated based on the rate for miscellaneous income, i.e. irregular income like lottery gains, Korea Joongang Daily wrote. The tax is collected at an annualized rate of 22 percent, based on the amount of foreign withdrawals from Bithumb. It’s unclear what consequences the action will have for Bithumb’s clients or the exchange itself. Bithumb hasn’t commented on the situation by press time. According to the report, while the tax office’s first target is foreign customers trading cryptocurrency on the Bithumb exchange, withholding tax is paid to the government by the party that pays money in a transaction, in this case Bithumb, rather than the customers. “Bithumb can pay 80.3 billion won and [theoretically] afterwards collect the amount from its foreign clients, but practically it’s impossible,” Kim Woo-cheol, a University of Seoul professor of taxation, said in the report. Related:Crypto Custodians Grapple With Germany’s New Rules Korea Joongang Daily cites an anonymous source at the exchange explaining that although the Korean government banned foreigners from opening accounts on crypto exchanges in December 2017, they still used the country’s trading platforms. “So were transactions using fake names. Even for the exchanges, it’s difficult to know who the investors actually are and how much their trading profits are. It’s questionable what the taxation was based on,” the source said. Korea’s Income Tax Act currently does not recognize cryptocurrency transactions as taxable events and there are no clear rules about taxing crypto in the country at this point. Earlier in December, the country’s Ministry of Economy and Financesaidit would introduce specific regulations for taxing crypto in the coming year. In another step towards regulating the industry, Korea’s central bank published areportsaying it will hire experts to study distributed ledgers, cryptocurrencies and CBDCs (central bank-backed cryptocurrencies). In 2018, South Koreabannedanonymous crypto trading. According to the Special Financial Transactions Information Act, which is under works in the country’s National Assembly, crypto exchanges will have to register with the Financial Services Commission (FSC), and failure to do so can result in punishment up to five years in prison. • Bomb Threats Demanding Bitcoin Force Evacuations Across Russia • Ex-Kraken Employee Alleges ‘Unethical and Illegal Tactics’ in Discrimination Lawsuit... - Reddit Posts (Sample): [['u/dcman00000', 'Discussion thread, get in here and speak your mind', 27, '2020-02-12 03:11', 'https://www.reddit.com/r/Shitstatistssay/comments/f2jm9h/discussion_thread_get_in_here_and_speak_your_mind/', 'Hey, first thing is first\n\nJoin us in our subreddit discord [here](https://discordapp.com/invite/dzxvwGg)\n\n\nWe\'re pretty lax in terms of content, we talk politics sometimes, but also just hang out and chat. Check us out, just remember all the subreddit rules apply. Basically use good judgement and don\'t be a dick.\n\n\nIn other news...\n\n\n---\n\n\nLooks like Yang bucks will not [be a thing](https://www.npr.org/2020/02/11/802310701/tech-entrepreneur-andrew-yang-drops-out-of-2020-presidential-race).\n\n\n----\n\n\nSpeaking of the New Hampshire primary, What do you guys think about the candidates that are running (Yes, please name names)\n\n\n-----\n\n\nThe US national debt is around 23 trillion, but realistically when you add in unfunded liabilities, depending on who you ask and over what time period, its probably more like 75-125 trillion. [source](https://www.usdebtclock.org/)\n\n\n----\n\n\nJust so we\'re clear, the general consensus view on immigration and borders is that Libertarians are for increased immigration, open borders or something closer to that, and general reduction in obstacles required to get over international borders. \n\nYes, I\'m making this portion in response to [another post](https://www.reddit.com/r/Shitstatistssay/comments/ezyyqx/the_best_way_to_help_the_poor_is_close_borders/) where pretend libertarians had a hard time understanding this is what we think about the issue.\n\n\nLike I said in that thread, it is pretty crazy how the right wingers correctly claim the left is full of economic illiterates, then say equally ignorant things about immigration with respect to wages and its overall impact on the economy (news flash, its positive). \n\n\n-----\n\n\nI recently saw some news about how Joe Biden has had "obvious" plastic surgery, which explains why his face looks so god damned strange to me.\n\n\n----\n\n\nLook, I don\'t like Cops as much as the next anti-statist, however that being said we do not condone violence against anyone here. [whoever is attacking cops](https://www.cnn.com/2020/02/10/opinions/police-attacks-new-york-gagliano/index.html) is taking it too far. What do you guys think?\n\n\n\n----\n\n\nFeel free to comment, add news stories or ideas to the conversation, and again, don\'t forget to check out our discord (also on our side bar btw)\n\n\n[for the lazy](https://discord.gg/dzxvwGg)', 'https://www.reddit.com/r/Shitstatistssay/comments/f2jm9h/discussion_thread_get_in_here_and_speak_your_mind/', 'f2jm9h', [['u/TheBastiatinator', 17, '2020-02-12 04:53', 'https://www.reddit.com/r/Shitstatistssay/comments/f2jm9h/discussion_thread_get_in_here_and_speak_your_mind/fhd8dnd/', 'Talking about the election, if you are voting at all, it should be for Jacob Hornberger.', 'f2jm9h'], ['u/DubsFan30113523', 33, '2020-02-12 06:09', 'https://www.reddit.com/r/Shitstatistssay/comments/f2jm9h/discussion_thread_get_in_here_and_speak_your_mind/fhderb1/', 'Fuck Bernie Sanders and all of his dumbass supporters.\n\nFuck Hollywood for their blatant hopping on the Bernie train in order to appeal to millennials.\n\nFuck how much he and his supporters have brigaded this website with their propaganda.', 'f2jm9h'], ['u/dcman00000', 12, '2020-02-12 06:17', 'https://www.reddit.com/r/Shitstatistssay/comments/f2jm9h/discussion_thread_get_in_here_and_speak_your_mind/fhdfeqh/', 'That dude just won the New Hampshire Primary.\n\nSad day in america when a socialist is running and winning in a major party.', 'f2jm9h'], ['u/DubsFan30113523', 10, '2020-02-12 06:24', 'https://www.reddit.com/r/Shitstatistssay/comments/f2jm9h/discussion_thread_get_in_here_and_speak_your_mind/fhdfw8u/', 'It’s fucking disgusting how moronic people my age are that support him. It was just as moronic in 2016 with trump. God I fucking hate this country’s government but I love this country so much.', 'f2jm9h'], ['u/captnich', 12, '2020-02-12 06:50', 'https://www.reddit.com/r/Shitstatistssay/comments/f2jm9h/discussion_thread_get_in_here_and_speak_your_mind/fhdho19/', "I'm getting to the point where I'll just write myself in. It'll be the first candidate I've voted for that represents me on every issue.", 'f2jm9h']]], ['u/AutoModerator', '[Daily Discussion] Wednesday, February 12, 2020', 74, '2020-02-12 05:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/f2l79c/daily_discussion_wednesday_february_12_2020/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas &amp; 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**Other ways to interact:**\n\n* [Get an invite](https://join.slack.com/t/reddit-bitcoinmarkets/shared_invite/enQtNjM1NTg3ODgwODUzLTQ2NjZjYjYxMWExZmZmMWY0MDNlN2JlM2RhZmM0NWY1YzY1MDlkOTMyNWFjNTZjYTg1ZDM2YmEwMWRkZjIwYjM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)\n* Set your flair to trade pretend money in [the Flair Game](https://coinsight.org/flairgame)\n* Weekly threads: [Newbie Mondays](http://www.reddit.com/r/BitcoinMarkets/search?q=newbie+monday&amp;sort=new&amp;restrict_sr=on&amp;t=all) and [Fundamentals Fridays](http://www.reddit.com/r/BitcoinMarkets/search?q=fundamentals+friday&amp;sort=new&amp;restrict_sr=on&amp;t=all)\n* Altcoins Discussion: [Altcoin Discussion](http://www.reddit.com/r/BitcoinMarkets/search?q=altcoin+discussion&amp;sort=new&amp;restrict_sr=on&amp;t=all)", 'https://www.reddit.com/r/BitcoinMarkets/comments/f2l79c/daily_discussion_wednesday_february_12_2020/', 'f2l79c', [['u/Lagna85', 24, '2020-02-12 05:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/f2l79c/daily_discussion_wednesday_february_12_2020/fhdb4jv/', 'Not excited till we break previous 14k high', 'f2l79c'], ['u/cryptotrillionaire', 23, '2020-02-12 06:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/f2l79c/daily_discussion_wednesday_february_12_2020/fhdhem6/', 'Price almost exactly the same as two years ago.', 'f2l79c'], ['u/amiblue333', 11, '2020-02-12 06:51', 'https://www.reddit.com/r/BitcoinMarkets/comments/f2l79c/daily_discussion_wednesday_february_12_2020/fhdhp1u/', 'Will Bitfinex break $10,480 in a few hours? $10,900 next resistance.\n\nAfter that price has rarely been higher. About 2.5 months spent above $11,000 out of 132 months.\n\nOr the big smack down happen to form right shoulder https://i.imgur.com/sGFzbNO.png but with [the shorts on the edge of being screwed](https://i.imgur.com/x763foL.png) it may just continue up from here. Prepared for the fake out pump to massive dump and also the pump to $11,000 with no retrace.', 'f2l79c'], ['u/realden39', 11, '2020-02-12 07:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/f2l79c/daily_discussion_wednesday_february_12_2020/fhdik88/', 'No. Do your research what you just said is wrong in almost everyway.', 'f2l79c'], ['u/SloppySynapses', 31, '2020-02-12 07:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/f2l79c/daily_discussion_wednesday_february_12_2020/fhdj1x8/', 'why does a $500 long with no analysis have 19 upvotes lmao', 'f2l79c'], ['u/mrlegday', 25, '2020-02-12 07:30', 'https://www.reddit.com/r/BitcoinMarkets/comments/f2l79c/daily_discussion_wednesday_february_12_2020/fhdk5gk/', "Because it's honest.", 'f2l79c'], ['u/Pmmeauniqueusername', 18, '2020-02-12 07:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/f2l79c/daily_discussion_wednesday_february_12_2020/fhdl8pc/', 'Look at mr money bags over here', 'f2l79c'], ['u/TheOneCandleWhale', 10, '2020-02-12 07:53', 'https://www.reddit.com/r/BitcoinMarkets/comments/f2l79c/daily_discussion_wednesday_february_12_2020/fhdlfa1/', "If I'm being honest I'm wet af right now.", 'f2l79c'], ['u/Freefallr', 19, '2020-02-12 09:30', 'https://www.reddit.com/r/BitcoinMarkets/comments/f2l79c/daily_discussion_wednesday_february_12_2020/fhdq950/', "For all TA guys out there, and those who are following other people's TA: interesting read on TradingView - [be a trader, not a chartist](https://www.tradingview.com/chart/BTCUSD/YRJ002di-Be-a-trader-not-a-chartist/).", 'f2l79c'], ['u/SloppySynapses', 11, '2020-02-12 10:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/f2l79c/daily_discussion_wednesday_february_12_2020/fhds8oy/', "what kind of 20% drop isn't scary?\n\nIf it bleeds down there you'll probably assume it goes lower. if it dumps in &lt;1 day you'll probably poop yourself", 'f2l79c'], ['u/Ordinary_investor', 21, '2020-02-12 10:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/f2l79c/daily_discussion_wednesday_february_12_2020/fhdtf2s/', 'Hey, we cracked 300B total MC again. For reference, last year top was \\~385B, so still a bit to go, but i am positive this year will top 2019.\n\nNice!', 'f2l79c'], ['u/Quintall1', 10, '2020-02-12 11:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/f2l79c/daily_discussion_wednesday_february_12_2020/fhdu8p6/', 'Its just your/our Bubble dude, no one outside gives two flying fucks about bitcoin. (yet)', 'f2l79c'], ['u/wordonewordtwo', 10, '2020-02-12 11:31', 'https://www.reddit.com/r/BitcoinMarkets/comments/f2l79c/daily_discussion_wednesday_february_12_2020/fhdvakb/', "I wouldn't confound euphoria about the end of the bear market with euphoria at the top of a bubble.", 'f2l79c'], ['u/alienalf', 10, '2020-02-12 11:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/f2l79c/daily_discussion_wednesday_february_12_2020/fhdvf56/', 'Check google trends (buy bitcoin), check Twitter "bitcoin" tweet amounts.. We are not even near to euphoria.', 'f2l79c'], ['u/LitecoinJedi', 13, '2020-02-12 11:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/f2l79c/daily_discussion_wednesday_febr... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18
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:** ['The United States Secretary of the Treasury Steven Mnuchin on Wednesday told the Congress that the department is bringing in "significant new requirements" for cryptocurrencies. What Happened "[We] are spending a lot of time on [cryptocurrencies,] both [on an] inter agency basis and with the regulators," Mnuchin said in response to a question from New Hampshire senator Maggie Hassan. "We are about to roll out some significant new requirements." According to the treasury secretary, while President Donald Trump\'s administration wants to "make sure that technology moves forward," it also wants to ensure that cryptocurrencies don\'t become the equivalent of "old Swiss secret number banking. Why It Matters July last year, the official expressed concerns about Facebook Inc.\'s (NASDAQ: FB ) proposed Libra cryptocurrency project, saying it had the potential of being misused. "Cryptocurrencies, such as Bitcoin, have been exploited to support billions of dollars of illicit activity like cybercrime, tax evasion, extortion, ransomware, illicit drugs, human trafficking," Mnuchin said at the time. "Many players have attempted to use cryptocurrencies to fund their malign behavior. This is indeed a national security issue," he added. President Trump expressed similar sentiments at the time, saying he\'s not a fan of "Bitcoin," or other cryptocurrencies, whose value is based on "thin air." ...and International. We have only one real currency in the USA, and it is stronger than ever, both dependable and reliable. It is by far the most dominant currency anywhere in the World, and it will always stay that way. It is called the United States Dollar! — Donald J. Trump (@realDonaldTrump) July 12, 2019 Mnuchin\'s comments also come at a time when other officials have hinted that the Federal Reserve is looking into the possibility of a central bank digital currency (CBDC) and what it would entail. Story continues In a separate hearing last week, Fed chairperson Jerome Powell told the Congress that while there\'s a "lot to weigh and a lot to work on," the central bank is thinking about issuing a CBDC. Price Action The leading cryptocurrency bitcoin (BTC) traded 1.11% higher at $10,415.96 at press time. Among others, ethereum (ETH) added 10.32% at $272.34; XRP (XRP) added 14.36% at 33 cents. See more from Benzinga Harvard And Yale Under Investigation For Allegedly Underreporting Foreign Funding Boeing Laid Off Supervisor Of Pilots Who Exchanged Inappropriate Emails About Safety Bezos Purchases Jack Warner\'s Former Beverly Hills House For 5M In Record Deal © 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'The United States Secretary of the Treasury Steven Mnuchin on Wednesday told the Congress that the department is bringing in "significant new requirements" for cryptocurrencies.\nWhat Happened\n"[We] are spending a lot of time on [cryptocurrencies,] both [on an] inter agency basis and with the regulators," Mnuchin said in response to a question from New Hampshire senator Maggie Hassan. "We are about to roll out some significant new requirements."\nAccording to the treasury secretary, while President Donald Trump\'s administration wants to "make sure that technology moves forward," it also wants to ensure that cryptocurrencies don\'t become the equivalent of "old Swiss secret number banking.\nWhy It Matters\nJuly last year, the officialexpressed concernsaboutFacebook Inc.\'s(NASDAQ:FB) proposed Libra cryptocurrency project, saying it had the potential of being misused.\n"Cryptocurrencies, such as Bitcoin, have been exploited to support billions of dollars of illicit activity like cybercrime, tax evasion, extortion, ransomware, illicit drugs, human trafficking," Mnuchin said at the time. "Many players have attempted to use cryptocurrencies to fund their malign behavior. This is indeed a national security issue," he added.\nPresident Trump expressed similar sentiments at the time, saying he\'s not a fan of "Bitcoin," or other cryptocurrencies, whose value is based on "thin air."\nMnuchin\'s comments also come at a time when other officials have hinted that the Federal Reserve is looking into the possibility of a central bank digital currency (CBDC) and what it would entail.\nIn a separate hearing last week, Fed chairperson Jerome Powell told the Congress that while there\'s a "lot to weigh and a lot to work on," the central bank is thinking about issuing a CBDC.\nPrice Action\nThe leading cryptocurrency bitcoin (BTC) traded 1.11% higher at $10,415.96 at press time. Among others, ethereum (ETH) added 10.32% at $272.34; XRP (XRP) added 14.36% at 33 cents.\nSee more from Benzinga\n• Harvard And Yale Under Investigation For Allegedly Underreporting Foreign Funding\n• Boeing Laid Off Supervisor Of Pilots Who Exchanged Inappropriate Emails About Safety\n• Bezos Purchases Jack Warner\'s Former Beverly Hills House For 5M In Record Deal\n© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', '• Bitcoin’s (BTC) daily and four-hour chart indicators are reporting buyer exhaustion. That, coupled with a bull failure at $10,500, has opened the doors for a correction to a rising trendline at $9,900. A violation there would expose next support at $9,707.\n• A bounce from the rising trendline support will likely yield another rally to $10,500.\n• The overall bull case will remain valid as long as prices are holding above support near $9,100.\nBitcoin could be staring deeper losses, having faced rejection at key price hurdle on Thursday.\nThe top cryptocurrency by market value was seeing bids around $10,400 during the Asian trading hours. Buying interest weakened after the cryptocurrency failed to stay above Wednesday’s high of $10,500 and prices fell sharply to $10,077 around 08:30 UTC.\nBitcoin is currently trading near $10,200, representing a 1 percent drop on a 24-hour basis, according to CoinDesk’sBitcoin Price Index.\nRelated:US DOJ Calls Bitcoin Mixing ‘a Crime’ in Arrest of Software Developer\nOverall, the trend remains bullish, with prices still up 42 percent on a year-to-date basis and trading well above the 200-day average at $8,867. However, the $400 drop seen earlier is suggestive of buyer exhaustion, as it was preceded by repeated failure at $10,500 and accompanied by anoverbought readingon the money flow index.\nAs aresult, deeper correction to levels below $10,000 cannot be ruled out.\nWednesday’s green candle has been engulfed bearishly by today’s retreat from $10,500 to $10,077.\nAlongside that, the RSI has produced a lower-highs pattern over the last three days, contradicting the higher highs on price, a bearish divergence that often precedes notable corrections.\nRelated:Here’s How to Inspect Bitcoin’s Next (Likely) Major Upgrade Yourself\nBitcoin charted multiple four-hour candles with long upper wicks in the last 24 hours, indicating bull fatigue in the range of $10,400-$10,500.\nThe downward move seen at press time has confirmed the weakening of bull momentum and shifted risk in favor of a slide to the ascending trendline support, currently located near $9,900. That level is also housing the ascending 50-candle moving average.\nSupporting the case for a correction is the lower highs (negative divergence) on the relative strength index. Additionally, the MACD histogram is about to cross below 50 in favor of the bears.\nIf the ascending trendline support caves in, a further decline toward $9,706 could be seen. That level is crucial as it marks the low of a major bullish engulfing candle created Feb. 11.\nThe bulls would breathe a sigh of relief if the trendline support holds and, if so, would likely mount another charge on $10,500. The overall trend will remain bullish as long as prices are holding ground above $9,075 (Feb. 4 low) keeping the higher-lows setup intact.\nDisclosure:The author holds no cryptocurrency at the time of writing\n• Coinbase Revives Margin Trading, With Conservative (for Crypto) 3x Leverage\n• Bitcoin Most ‘Overbought’ in 2 Years After Price Rises Back Above $10K', '• Bitcoin’s (BTC) daily and four-hour chart indicators are reporting buyer exhaustion. That, coupled with a bull failure at $10,500, has opened the doors for a correction to a rising trendline at $9,900. A violation there would expose next support at $9,707.\n• A bounce from the rising trendline support will likely yield another rally to $10,500.\n• The overall bull case will remain valid as long as prices are holding above support near $9,100.\nBitcoin could be staring deeper losses, having faced rejection at key price hurdle on Thursday.\nThe top cryptocurrency by market value was seeing bids around $10,400 during the Asian trading hours. Buying interest weakened after the cryptocurrency failed to stay above Wednesday’s high of $10,500 and prices fell sharply to $10,077 around 08:30 UTC.\nBitcoin is currently trading near $10,200, representing a 1 percent drop on a 24-hour basis, according to CoinDesk’sBitcoin Price Index.\nRelated:US DOJ Calls Bitcoin Mixing ‘a Crime’ in Arrest of Software Developer\nOverall, the trend remains bullish, with prices still up 42 percent on a year-to-date basis and trading well above the 200-day average at $8,867. However, the $400 drop seen earlier is suggestive of buyer exhaustion, as it was preceded by repeated failure at $10,500 and accompanied by anoverbought readingon the money flow index.\nAs aresult, deeper correction to levels below $10,000 cannot be ruled out.\nWednesday’s green candle has been engulfed bearishly by today’s retreat from $10,500 to $10,077.\nAlongside that, the RSI has produced a lower-highs pattern over the last three days, contradicting the higher highs on price, a bearish divergence that often precedes notable corrections.\nRelated:Here’s How to Inspect Bitcoin’s Next (Likely) Major Upgrade Yourself\nBitcoin charted multiple four-hour candles with long upper wicks in the last 24 hours, indicating bull fatigue in **Last 60 Days of Bitcoin's Closing Prices:** [7152.30, 6932.48, 6640.52, 7276.80, 7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-02-13 **Financial & Commodity Data:** - Gold Closing Price: $1575.10 - Crude Oil Closing Price: $51.42 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.65 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: XRP Falls 10% In Rout Investing.com - XRP was trading at $0.17895 by 08:03 (13:03 GMT) on the Investing.com Index on Wednesday, down 10.05% on the day. It was the largest one-day percentage loss since December 17. The move downwards pushed XRP's market cap down to $7.92464B, or 5.36% of the total cryptocurrency market cap. At its highest, XRP's market cap was $20.48129B. XRP had traded in a range of $0.17891 to $0.18833 in the previous twenty-four hours. Over the past seven days, XRP has seen a rise in value, as it gained 3.22%. The volume of XRP traded in the twenty-four hours to time of writing was $1.13639B or 1.27% of the total volume of all cryptocurrencies. It has traded in a range of $0.1789 to $0.2225 in the past 7 days. At its current price, XRP is still down 94.56% from its all-time high of $3.29 set on January 4, 2018. Elsewhere in cryptocurrency trading Bitcoin was last at $6,539.9 on the Investing.com Index, down 5.47% on the day. Ethereum was trading at $120.40 on the Investing.com Index, a loss of 9.38%. Bitcoin's market cap was last at $119.96528B or 66.15% of the total cryptocurrency market cap, while Ethereum's market cap totaled $13.34650B or 7.36% of the total cryptocurrency market value. Related Articles US Fed Official Says 50% of Bitcoin Transactions Associated With Illegal Activity Bitcoin Dips Below 6,491.3 Level, Down 6% Controversial Australian Ex-Minister Enters Blockchain Insurance Space... - 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.
10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Bitcoin fell by 1.12% on Thursday. Reversing a 0.89% gain from Wednesday, Bitcoin ended the day at $10,222.0.\nA bullish start to the day saw Bitcoin rally to a mid-morning high $10,480.0 before hitting reverse.\nBitcoin broke through the first major resistance level at $10,452.67 before sliding to a late morning intraday low $10,058.0.\nBitcoin fell through the first major support level at $10,230.67 and the second major support level at $10,123.33.\nFinding support in the early afternoon, Bitcoin bounced back to an early afternoon intraday high $10,491.0.\nBitcoin broke back through the first major resistance level at $10,452.67 before sliding back into the red.\nThe near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, however, the upward trend.\nFor the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.\nAcross the rest of the top 10 cryptos, it was another mixed day for the crypto majors.\nBinance Coin and Tezos led the way down, with losses of 6.74% and 5.76% on Thursday.\nBitcoin Cash SV (-1.89%), Litecoin (-1.01%), and Monero’s XMR (-3.02%) also joined Bitcoin in the red.\nIt was a bullish day for the rest of the majors, however.\nRipple’s XRP led the way, rallying by 7.40%, with Stellar’s Lumen up by 3.16%.\nBitcoin Cash ABC (+0.16%), Cardano’s ADA (+0.49%), EOS (+0.42%), Ethereum (+0.67%), and Tron’s TRX (+0.09%) saw modest gains on Thursday.\nThrough the current week, the crypto total market cap fell to a Tuesday low $279.65bn before rising to an early Thursday high $308.04bn. At the time of writing, the total market cap stood at $300.81bn.\nBitcoin’s dominance slipped further back through the week, falling from 63.3% to 61.8% at the time of writing.\nTrading volumes were on the rise, however, jumping to $195bn levels on Thursday before easing back. Volumes had stat at sub-$130bn levels in the early part of the week. At the time of writing, 24-hr volumes stood at $187.47bn.\nAt the time of writing, Bitcoin was down by 0.31% to $10,190.0. A bearish start to the day saw Bitcoin fall from an early morning high $10,236.4 to a low $10,173.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, Binance Coin and Stellar’s Lumen bucked the trend early on, rising by 0.28% and by 1.62% respectively.\nIt was bearish for the rest of the pack, however. Ripple’s XRP and EOS fell by 1.25% and 1.15% to lead the way down.\nBitcoin would need to move back through to $10,260 levels to bring the first major resistance level at $10,456.0 into play.\nSupport from the broader market would be needed, however, for Bitcoin to break back through to $10,400 levels.\nBarring another broad-based crypto rally, the first major resistance level at $10,456.0 would likely leave Bitcoin short of $10,500 levels.\nIn the event of another breakout, Bitcoin would eye a breakout from the second major resistance level at $10,690.0.\nFailure to move back through to $10,400 levels could see Bitcoin fall deeper into the red.\nA fall back through to sub-$10,100 levels would bring the first major support level at $10,023.0 into play.\nBarring an extended crypto sell-off, however, Bitcoin should steer clear of the sub-$10,000 levels on the day.\nThisarticlewas originally posted on FX Empire\n• US Stock Market Overview – Stocks Close Lower as Coronavirus Fears Perk Up\n• EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 14/02/20\n• Market Resilience Reigns Supreme\n• Oil Price Forecast – Downward Pressure Remains for Oil as Risk from Demand Slowdown Persists\n• Natural Gas Price Forecast – Natural Gas Markets Continue To Rebound\n• Gold Price Prediction – Prices Rebound on Increase in Coronavirus Cases', 'Bitcoin fell by 1.12% on Thursday. Reversing a 0.89% gain from Wednesday, Bitcoin ended the day at $10,222.0. A bullish start to the day saw Bitcoin rally to a mid-morning high $10,480.0 before hitting reverse. Bitcoin broke through the first major resistance level at $10,452.67 before sliding to a late morning intraday low $10,058.0. Bitcoin fell through the first major support level at $10,230.67 and the second major support level at $10,123.33. Finding support in the early afternoon, Bitcoin bounced back to an early afternoon intraday high $10,491.0. Bitcoin broke back through the first major resistance level at $10,452.67 before sliding back into the red. The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, however, the upward trend. For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the top 10 cryptos, it was another mixed day for the crypto majors. Binance Coin and Tezos led the way down, with losses of 6.74% and 5.76% on Thursday. Bitcoin Cash SV (-1.89%), Litecoin (-1.01%), and Monero’s XMR (-3.02%) also joined Bitcoin in the red. It was a bullish day for the rest of the majors, however. Ripple’s XRP led the way, rallying by 7.40%, with Stellar’s Lumen up by 3.16%. Bitcoin Cash ABC (+0.16%), Cardano’s ADA (+0.49%), EOS (+0.42%), Ethereum (+0.67%), and Tron’s TRX (+0.09%) saw modest gains on Thursday. Through the current week, the crypto total market cap fell to a Tuesday low $279.65bn before rising to an early Thursday high $308.04bn. At the time of writing, the total market cap stood at $300.81bn. Bitcoin’s dominance slipped further back through the week, falling from 63.3% to 61.8% at the time of writing. Trading volumes were on the rise, however, jumping to $195bn levels on Thursday before easing back. Volumes had stat at sub-$130bn levels in the early part of the week. At the time of writing, 24-hr volumes stood at $187.47bn. Story continues This Morning At the time of writing, Bitcoin was down by 0.31% to $10,190.0. A bearish start to the day saw Bitcoin fall from an early morning high $10,236.4 to a low $10,173.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, Binance Coin and Stellar’s Lumen bucked the trend early on, rising by 0.28% and by 1.62% respectively. It was bearish for the rest of the pack, however. Ripple’s XRP and EOS fell by 1.25% and 1.15% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to move back through to $10,260 levels to bring the first major resistance level at $10,456.0 into play. Support from the broader market would be needed, however, for Bitcoin to break back through to $10,400 levels. Barring another broad-based crypto rally, the first major resistance level at $10,456.0 would likely leave Bitcoin short of $10,500 levels. In the event of another breakout, Bitcoin would eye a breakout from the second major resistance level at $10,690.0. Failure to move back through to $10,400 levels could see Bitcoin fall deeper into the red. A fall back through to sub-$10,100 levels would bring the first major support level at $10,023.0 into play. Barring an extended crypto sell-off, however, Bitcoin should steer clear of the sub-$10,000 levels on the day. This article was originally posted on FX Empire More From FXEMPIRE: US Stock Market Overview – Stocks Close Lower as Coronavirus Fears Perk Up EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 14/02/20 Market Resilience Reigns Supreme Oil Price Forecast – Downward Pressure Remains for Oil as Risk from Demand Slowdown Persists Natural Gas Price Forecast – Natural Gas Markets Continue To Rebound Gold Price Prediction – Prices Rebound on Increase in Coronavirus Cases', "NEW YORK, NY /ACCESSWIRE / February 13, 2020 /The respected global cryptocurrency exchange Bittrex Global has announced that it will list Verasity (VRA), an attention-based platform for content creators, on Thursday, February 13, 2020. This is a big start to what will be a busy year for Verasity, which aims to target more than 10 million viewers with its technology during 2020. Trading of the VRA/BTC pair will open at 7:00pm GMT+1, February 13, 2020.\nAbout Verasity\nVerasity provides the infrastructure for content publishers to serve attention-rewarded video content to viewers in order to increase user engagement. The Verasity player technology is currently integrated by SDK with Twitch, Vimeo, JWPlayer, Brightcove, Kaltura, and Video.js, with many more integrations planned for the near future. This means that neither publishers nor viewers have to leave their favorite platforms or change their habits to benefit from Verasity's rewards program.\nAll transactions within the Verasity ecosystem are powered by fast, secure, and efficient VRA token contracts. Broadcasters, publishers, content creators, viewers, advertisers, and brands all interact directly with each other, with no need for intermediary parties. Viewers earn VRA tokens from publishers and advertisers for watching videos and ads on a website using Verasity technology. Users can also stake their VRA tokens to receive daily rewards, which grow the longer the VRA is staked.\nAbout Bittrex Global\nBittrex Global is an internationally trusted global cryptocurrency exchange owned by US-based digital trading platform Bittrex. Before listing a token on the exchange, Bittrex closely examines the project to determine whether it is truly innovative, evaluating the company's underlying technology, business model, regulatory compliance, and commitment to its vision.\nIts strict listing process, fast transactions, security, and regulatory compliance have earned Bittrex Global recognition as one of the world's most trustworthy crypto exchanges. The Blockchain Transparency Network (BTI) nominated Bittrex Global as one of blockchain's most transparent exchanges in September 2019. It was also listed by CoinGecko as one of the world's top five cryptocurrency exchanges based on trading volume and reliability.\nFor more information about Verasity, visit:https://verasity.io/.\nTo learn more about Bittrex Global, visit:https://global.bittrex.com/.\nBittrex Glob **Last 60 Days of Bitcoin's Closing Prices:** [6932.48, 6640.52, 7276.80, 7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-02-14 **Financial & Commodity Data:** - Gold Closing Price: $1582.70 - Crude Oil Closing Price: $52.05 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.63 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: The Takeaway: In a rare interview, London-based insurance firm Arch says a sizable but containable loss would demonstrate how well its $150 million crypto storage policy would react. Only a handful of cold storage crypto policies have been written at this time; high-net-worth individuals are the main driver for the business. Lloyd’s of London has set up a crypto subgroup within its Product Innovation Facility, which includes mega-broker Marsh. Marsh says it has a hot wallet crime cover product in the pipeline. An insurance company saying it hopes to pay a sizable claim sounds like a turkey looking forward to Christmas. But that’s exactly what James Croome, fine art and specie underwriter at Arch Insurance International, says he wants his firm to do. Just to show that it can. Related: Bitcoin Hits New 2020 High Above $8,400 After Iranian Missile Attack Arch is one of the few underwriters willing to insure cryptocurrency exchanges and custodians against the theft or loss of customer funds. London-based Arch Insurance International, which works with a number of big-name brokers offering crypto cover, has yet to pay out for any losses in this relatively new market. If someone does manage to pull off a heist of cryptographic keys kept offline in cold storage, Arch will get a chance to demonstrate it’s good for the money, said Croome, who works out of London. “I would like there to be a containable but sizable loss,” he said. “Because that would give evidence to our potential clients as to the service we can provide, the speed at which we will pay the claims and remind people who have bought coverage that it does work appropriately.” Insurers have years of experience in covering specialized assets in the traditional world, whether that’s fine art or the regulatory requirements to protect financial services firms. But they feel less secure with crypto because there is a shortage of data for firms to model policy rates. Related: Equilibrium’s Stablecoin Now Has $17.5M in Insurance That Pays Out Automatically Story continues In response to this, Croome helped create a consortium, including mega-broker Marsh and global law firm Norton Rose Fulbright, to offer cold storage cover for crypto assets. Released in September , Blue Vault, which is solely owned by Arch, provides limits of up to $150 million and covers the loss of digital assets due to internal and external theft (via direct access to the storage media as opposed to remote hacking attacks) and including employee collusion. Blue Vault also covers physical damage or destruction of private keys from fires, floods, earthquakes and other catastrophic events. Ankur Kacker, vice president and specie expert on Marsh’s Digital Asset Risk Transfer (DART) team, said: “We have placed four policies for Blue Vault as of now, all in the last seven months.” Marsh, the world’s largest insurance broker, recently announced a deal with Ledger Vault , the institution-focused arm of Ledger, the well-known hardware wallet provider for $150 million cold storage cover; Marsh is working in a similar way with crypto custodian KNOX. Pet peeves Arch chose to work with law firm Norton Rose Fulbright on the crypto policy because it wanted precise policy wording. Ambiguous language is a pet peeve of Croome’s. “My biggest annoyance with the specie market is the existence of ambiguous wordings, which is why I chose to work with a legal firm with a track record in this space,” he said. Norton Rose Fulbright has given presentations in New York, Bermuda and to the London Market to help “educate insurance markets and develop set the market and standards for cold storage of these assets,” said Nicholas Berry, a partner at the law firm. The firm also helped Lloyd’s of London with its market guidance on underwriting digital assets. Norton Rose Fulbright enlisted the help of Peter McBurney, Professor of Computer Science, King’s College London and a consultant with the law firm, to spell out technical aspects of key management and crypto storage and create appropriate policy wording. This is an instance where the London Market has led other international markets, said Berry. “Going back to 2018, there has been a mismatch between supply in terms of underwriting capacity and demand for those wanting cold storage or even hot crime-type cover. Some of the big brokers have been pushing the supply side to provide more cover in terms of higher limits, wider cover,” he said. Crypto insurance is widely seen as a prerequisite for greater institutional involvement in the market. But Croome is wary of companies offering insurance policies as a marketing ploy. “We tend not to look at insureds that are looking for a chicken-egg scenario. They feel they don’t have a current revenue stream but are hoping the existence of insurance will help speed up the point at which assets come into custody and therefore increase their revenue,” he said. As well as Marsh, Arch has been working with Aon, the number two broker by size. Other brokers known to be exploring crypto include Arthur J. Gallagher and Paragon. But Croome says that for now he is shying away from really broadening out his broker network for crypto. “I think I will keep to the ones that have shown comprehension of that which we like. They understand that and therefore they can filter out the sort of things we seek to avoid,” said Croome. Virgin territory Insurance companies like Arch bring in third party specialists to examine physical vault security and do the same to understand and communicate the risks around the storage of crypto. “I wouldn’t consider myself capable of valuing a Dutch master [painting], knowing if it was genuine or a fake.That’s not my job,” said Croome. Peter McBurney, who divides his time between academia and advising Norton Rose Fulbright’s clients on technology matters, does the equivalent of physical vault checking for the IT system that would create and store the private keys. McBurney estimates there are still reasonably few policies written in London covering crypto cold storage, and the same in New York, although this number is increasing. “It’s still very early days, it is almost virgin territory.” McBurney said ultra-high net worth individuals or hedge funds who already have relationships with custodians for storage of fine art or gold bullion are driving the market for crypto insurance. “They are going to their existing physical custodians and saying, ‘Can you also store our private keys?’ So the custodians are going to insurers and saying, ‘Can you insure us to store these private keys?’ and that’s where a lot of the business has originated. It’s customer-driven from the individuals and the hedge funds who have large crypto holdings,” he said. Lloyd’s of London, the centuries-old insurance market, has realized there are new revenue streams to be had with crypto. Its underwriters have launched the Product Innovation Facility , which spans some 24 markets and has over $100 million of capacity. The facility includes a crypto subgroup, where Marsh has a representative. A spokesman for Lloyd’s said it’s too early for any on-record comment from the crypto subcommittee at this time. Marsh also did not comment on the group’s purview. The group will likely be looking beyond cold storage to include crime bond markets; E&O (Errors and Omissions) insurance; D&O (Directors and Officers) and a general smorgasbord of potential product offerings to the digital assets world, according to sources close to the Lloyd’s market. Hot and cold The risk relating to crypto held on exchanges and in wallets connected to the internet is a very different animal from vaulted cold storage. To deal with losses from third-party hacks, most of the large crypto exchanges simply self-insure, holding large amounts of bitcoin locked up for such occasions. Having battled it out in the market for some years, people like Binance chief “CZ” Changpeng Zhao or Kraken CEO Jesse Powell see insurance for hot wallets as a fundamentally flawed concept. Arch is not looking to enter the hot wallet space any time soon. However, Croome said he can see ways the crime market could interplay with the specie world. “We will often take an excess layer, the larger chunk of capacity above the crime policy, to very high exposures but on a much tighter coverage. They will take much broader coverage with much smaller limits,” he said. Marsh’s Digital Asset Risk Transfer team has clearly been pursuing its own plans regarding a hot wallet product. Quizzed on the subject of hot wallet coverage, Kacker said: “At this point in time, I don’t want to let the cat out of the bag. But I can say it’s in the pipeline.” Related Stories Chinese Insurance Giant Ping An’s Blockchain Arm Reveals Terms for $468M IPO Ledger’s Vault Scores $150 Million in Crypto Insurance From Lloyd’s Syndicate... - Reddit Posts (Sample): [['u/[deleted]', 'IRS quietly deletes guideline that Fortnite virtual currency must be reported on tax returns', 392, '2020-02-14 03:38', 'https://www.reddit.com/r/personalfinance/comments/f3lhtr/irs_quietly_deletes_guideline_that_fortnite/', '"The little-noticed provision, which dated back at least to October according to the cached version of an\xa0IRS webpage on Archive.org, appeared to mark the first time the agency has ruled on video game currencies, including Fortnite\'s V-bucks,\xa0purchased with real dollars. By applying the same policy to in-game money that it enforces on bitcoin, ether and other cryptocurrencies, the IRS guide seemed poised to affect millions of gamers — or their parents."\n\nFull story: https://www.cnn.com/2020/02/13/tech/fortnite-taxes/index.html', 'https://www.reddit.com/r/personalfinance/comments/f3lhtr/irs_quietly_deletes_guideline_that_fortnite/', 'f3lhtr', [['u/Afrabuck', 134, '2020-02-14 03:47', 'https://www.reddit.com/r/personalfinance/comments/f3lhtr/irs_quietly_deletes_guideline_that_fortnite/fhjkiag/', 'Pretty wild. Article states that even though they deleted the guidelines they still apply. I thought you were taxed when you buy virtual currency. Wouldn’t taxing the purchasing of items with that currency in game then be a double taxation.', 'f3lhtr'], ['u/nothlit', 79, '2020-02-14 04:02', 'https://www.reddit.com/r/personalfinance/comments/f3lhtr/irs_quietly_deletes_guideline_that_fortnite/fhjlqvr/', "&gt; I thought you were taxed when you buy virtual currency\n\nNo, as with stocks or any other type of capital asset, you are taxed upon selling or exchanging the asset, not buying it.\n\nEdit: to avoid confusion, this article (and this comment) are referring to taxes that the IRS, a federal agency, cares about: income tax and capital gain tax. Some states may require you to pay sales tax on purchases of virtual currency, but that's not what this article is about.", 'f3lhtr'], ['u/GAULEM', 28, '2020-02-14 04:03', 'https://www.reddit.com/r/personalfinance/comments/f3lhtr/irs_quietly_deletes_guideline_that_fortnite/fhjlszi/', "Purchasing crytocurrency is not a taxable event. AFAIK earning it as income or selling it (in exchange for cash, goods/services, or another kind of crypto) are the only times you're taxed on it.\n\nSo there's no double taxation, but it would still be really dumb to treat an in-game currency that way. Because then if you buy $25 of V-bucks or whatever, and use it to buy $25 worth of in-game stuff, then you would have to report to the IRS that you 'sold' $25 worth of V-bucks for $25 ... changing your tax liability by a whopping $0.\n\nIn fact, on second thought it's even stupider than that. If in-game currency is considered actual money now, and you play a game which offers some way to actually earn it rather than just buying it, then I think the game company is technically paying you in company-scrip, which is illegal under the Fair Labor Standards Act of 1938. (Obligatory: I Am Not a Lawyer.)", 'f3lhtr'], ['u/Afrabuck', 10, '2020-02-14 04:04', 'https://www.reddit.com/r/personalfinance/comments/f3lhtr/irs_quietly_deletes_guideline_that_fortnite/fhjlymv/', 'Correct the article mentions earned currency in a game could be considered earned income or a gift.', 'f3lhtr'], ['u/Afrabuck', 17, '2020-02-14 04:07', 'https://www.reddit.com/r/personalfinance/comments/f3lhtr/irs_quietly_deletes_guideline_that_fortnite/fhjm7om/', 'I thought it would be treated as virtual goods and be taxed. \n\nI guess this is what the argument boils down to.', 'f3lhtr'], ['u/nothlit', 22, '2020-02-14 04:16', 'https://www.reddit.com/r/personalfinance/comments/f3lhtr/irs_quietly_deletes_guideline_that_fortnite/fhjmy2p/', "Oh, I guess you're talking about sales tax, and I'm talking about income or capital gains tax", 'f3lhtr'], ['u/taxesaremyjam', 22, '2020-02-14 05:58', 'https://www.reddit.com/r/personalfinance/comments/f3lhtr/irs_quietly_deletes_guideline_that_fortnite/fhjuuzm/', 'The federal government (IRS) doesn’t charge sales tax. That’s a state level (DOR) tax.', 'f3lhtr'], ['u/day7seven', 112, '2020-02-14 07:21', 'https://www.reddit.com/r/personalfinance/comments/f3lhtr/irs_quietly_deletes_guideline_that_fortnite/fhk048b/', 'If they treat Fortnight currency as actual currency and make you pay taxes on it, then to be consistent they should also treat Fortnight currency as actual currency and let you pay your taxes with it.', 'f3lhtr'], ['u/Akira_Boy', 42, '2020-02-14 09:33', 'https://www.reddit.com/r/personalfinance/comments/f3lhtr/irs_quietly_deletes_guideline_that_fortnite/fhk6k88/', 'I have significant lootbox losses I plan to claim then.', 'f3lhtr'], ['u/dwntwnleroybrwn', 51, '2020-02-14 12:04', 'https://www.reddit.com/r/personalfinance/comments/f3lhtr/irs_quietly_deletes_guideline_that_fortnite/fhkcuo5/', 'Better yet, let you write off the losses.', 'f3lhtr'], ['u/LifeOfFate', 15, '2020-02-14 13:25', 'https://www.reddit.com/r/personalfinance/comments/f3lhtr/irs_quietly_deletes_guideline_that_fortnite/fhkgwdw/', 'That really sucks. I was going to claim my losses from CS:GO keys. I would have had a very nice return this year.', 'f3lhtr'], ['u/LifeOfFate', 19, '2020-02-14 13:26', 'https://www.reddit.com/r/personalfinance/comments/f3lhtr/irs_quietly_deletes_guideline_that_fortnite/fhkgzbe/', 'I agree, those CSGO keys ive purchased to get 10 cent skins add up fast.', 'f3lhtr'], ['u/blankchecks', 10, '2020-02-14 14:30', 'https://www.reddit.com/r/personalfinance/comments/f3lhtr/irs_quietly_deletes_guideline_that_fortnite/fhkmo2f/', "I don't think anyone denies Euros are an actual currency and that you have to pay taxes on earnings you make in Euros, but that doesn't mean you can use them to pay your taxes. The IRS likes greenbacks.", 'f3lhtr']]], ['u/Suuperdad', 'Just a friendly reminder, new people are not experts', 253, '2020-02-14 04:57', 'https://www.reddit.com/r/CryptoCurrency/comments/f3mhux/just_a_friendly_reminder_new_people_are_not/', 'We may be at the start of the next bullrun. We may be at a fakeout and test lower resistance. It doesn\'t matter. New people come here because this sub is /r/cryptocurrency, which is likely the second place anyone new to this market will look. Likely the first being bitcoin sub.\n\nThis place can be extremely toxic, especially if someone sees some rando coin pump and ask about it. \n\nWe need to remember that before we knew anything, we knew nothing. I dont care if you joined in 2012 or 2020, you likely came here to learn.\n\nIt is in all our best interest to treat people with respect. To answer their questions. To help them. To make them feel welcome. Because if the first impression someone has of this "exciting new world changing technology" is a sub full of autists, then they will nope the fuck out of here and cement the position in their mind that crypto is for losers in basements and the world shouldn\'t take this technology seriously.\n\nSo, if you are here to make money, fine. If you are here to chill and shoot the shit with people in the daily discussion, fine. But remember that we are the face and first impression of this technology, and if we want adoption, then we need to be respectful human beans.\n\nTo me, it\'s more serious than just mooning. I believe the human race needs a financial system overhaul, or we are just fucking done for. Every broken thing on the planet, every existential threat from insect collapse to plastic waste to climate change all is exasperated by a financial system of constant growth that is fundamentally at odds with living on a finite planet. \n\nBe fucking cool, and cut the shit.', 'https://www.reddit.com/r/CryptoCurrency/comments/f3mhux/just_a_friendly_reminder_new_people_are_not/', 'f3mhux', [['u/klaw1869', 14, '2020-02-14 05:16', 'https://www.reddit.com/r/CryptoCurrency/comments/f3mhux/just_a_friendly_reminder_new_people_are_not/fhjrs6v/', 'I had to stop going to 4chan because you can never trust those people', 'f3mhux'], ['u/road22', 28, '2020-02-14 05:34', 'https://www.reddit.com/r/CryptoCurrency/comments/f3mhux/just_a_friendly_reminder_new_people_are_not/fhjt6f1/', 'One of the biggest problems with this sub is we are all fighting the same war against the current financial system, but we seem to fighting against ourselves. So much anger and hate towards currencies because everyone thinks their currency is the best.\n\nThe term..."If you don\'t have anything nice to say, don\'t say it" does not apply here.', 'f3mhux'], ['u/PeteDell2000', 10, '2020-02-14 05:39', 'https://www.reddit.com/r/CryptoCurrency/comments/f3mhux/just_a_friendly_reminder_new_people_are_not/fhjtkco/', 'Had to drop awards on this, haven’t heard truer words spoken in a while', 'f3mhux'], ['u/BetweenTwoBlocks', 15, '2020-02-14 07:28', 'https://www.reddit.com/r/CryptoCurrency/comments/f3mhux/just_a_friendly_reminder_new_people_are_not/fhk0hal/', "Just a reminder,\n\nNeither are the older guys (most haven't even read 1 whitepaper or BIP)", 'f3mhux'], ['u/8rax', 10, '2020-02-14 13:47', 'https://www.reddit.com/r/CryptoCurrency/comments/f3mhux/just_a_friendly_reminder_new_people_are_not/fhkigt9/', 'Kinda the same experience, asked a pretty simple question, first reply was moquery over my lack of knowledge', 'f3mhux'], ['u/Suuperdad', 12, '2020-02-14 14:12', 'https://www.reddit.com/r/CryptoCurrency/comments/f3mhux/just_a_friendly_reminder_new_people_are_not/fhkkuld/', 'Thank you for posting this.\n\nThe problem is that 90% of cryptocurrencies are nothing but air, or copied with minor changes, or at worst literal scams. The same thing happened with the internet bubble. The amount of scams popping up was incredible. Many people here weren\'t actively trading at that time, but I was and trust me, it was a fucking cesspool too.\n\nSo people here have investigated these projects and posted proof about 51% attacks, lack of coding, CEO spending tokens to vacation, etc. There are projects that raised money and literally didnt hire a single per... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ["Investing.com - Ethereum rose above the $278.97 threshold on Saturday. Ethereum was trading at 278.97 by 02:30 (07:30 GMT) on the Investing.com Index, up 5.21% on the day. It was the largest one-day percentage gain since February 14.\nThe move upwards pushed Ethereum's market cap up to $30.66B, or 9.87% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $135.58B.\nEthereum had traded in a range of $277.93 to $287.93 in the previous twenty-four hours.\nOver the past seven days, Ethereum has seen a rise in value, as it gained 26.11%. The volume of Ethereum traded in the twenty-four hours to time of writing was $23.80B or 14.81% of the total volume of all cryptocurrencies. It has traded in a range of $217.0203 to $287.9298 in the past 7 days.\nAt its current price, Ethereum is still down 80.40% from its all-time high of $1,423.20 set on January 13, 2018.\nBitcoin was last at $10,220.1 on the Investing.com Index, up 0.24% on the day.\nXRP was trading at $0.33321 on the Investing.com Index, a gain of 3.60%.\nBitcoin's market cap was last at $186.47B or 60.04% of the total cryptocurrency market cap, while XRP's market cap totaled $14.61B or 4.70% of the total cryptocurrency market value.\nRelated Articles\nJapan Uneased by Chinese CBDC, Plans on Digital Yen in ‘2 to 3’ Years\nGovernments Begin to Roll Out FATF’s Travel Rule Around the Globe\nBahamas Digital Dollar to Roll out Across All Islands in H2 2020, Governor Says", "Ethereum Climbs Above 278.97 Level, Up 5% Investing.com - Ethereum rose above the $278.97 threshold on Saturday. Ethereum was trading at 278.97 by 02:30 (07:30 GMT) on the Investing.com Index, up 5.21% on the day. It was the largest one-day percentage gain since February 14. The move upwards pushed Ethereum's market cap up to $30.66B, or 9.87% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $135.58B. Ethereum had traded in a range of $277.93 to $287.93 in the previous twenty-four hours. Over the past seven days, Ethereum has seen a rise in value, as it gained 26.11%. The volume of Ethereum traded in the twenty-four hours to time of writing was $23.80B or 14.81% of the total volume of all cryptocurrencies. It has traded in a range of $217.0203 to $287.9298 in the past 7 days. At its current price, Ethereum is still down 80.40% from its all-time high of $1,423.20 set on January 13, 2018. Elsewhere in cryptocurrency trading Bitcoin was last at $10,220.1 on the Investing.com Index, up 0.24% on the day. XRP was trading at $0.33321 on the Investing.com Index, a gain of 3.60%. Bitcoin's market cap was last at $186.47B or 60.04% of the total cryptocurrency market cap, while XRP's market cap totaled $14.61B or 4.70% of the total cryptocurrency market value. Related Articles Japan Uneased by Chinese CBDC, Plans on Digital Yen in \x912 to 3\x92 Years Governments Begin to Roll Out FATF\x92s Travel Rule Around the Globe Bahamas Digital Dollar to Roll out Across All Islands in H2 2020, Governor Says", "Investing.com - XRP rose above the $0.33620 threshold on Saturday. XRP was trading at 0.33620 by 08:06 (13:06 GMT) on the Investing.com Index, up 1.71% on the day. It was the largest one-day percentage gain since February 14.\nThe move upwards pushed XRP's market cap up to $14.68837B, or 4.71% of the total cryptocurrency market cap. At its highest, XRP's market cap was $20.48129B.\nXRP had traded in a range of $0.33064 to $0.34553 in the previous twenty-four hours.\nOver the past seven days, XRP has seen a rise in value, as it gained 21.06%. The volume of XRP traded in the twenty-four hours to time of writing was $4.12855B or 2.68% of the total volume of all cryptocurrencies. It has traded in a range of $0.2676 to $0.3455 in the past 7 days.\nAt its current price, XRP is still down 89.78% from its all-time high of $3.29 set on January 4, 2018.\nBitcoin was last at $10,237.5 on the Investing.com Index, down 0.23% on the day.\nEthereum was trading at $282.82 on the Investing.com Index, a gain of 4.26%.\nBitcoin's market cap was last at $186.19522B or 59.76% of the total cryptocurrency market cap, while Ethereum's market cap totaled $30.96346B or 9.94% of the total cryptocurrency market value.\nRelated Articles\nXRP Price Hits 7-Month High as BitMEX Users Reel From 60% Flash Crash\nEthereum Climbs Above 278.97 Level, Up 5%\nJapan Uneased by Chinese CBDC, Plans on Digital Yen in ‘2 to 3’ Years", "XRP Climbs Above 0.33620 Level, Up 2% Investing.com - XRP rose above the $0.33620 threshold on Saturday. XRP was trading at 0.33620 by 08:06 (13:06 GMT) on the Investing.com Index, up 1.71% on the day. It was the largest one-day percentage gain since February 14. The move upwards pushed XRP's market cap up to $14.68837B, or 4.71% of the total cryptocurrency market cap. At its highest, XRP's market cap was $20.48129B. XRP had traded in a range of $0.33064 to $0.34553 in the previous twenty-four hours. Over the past seven days, XRP has seen a rise in value, as it gained 21.06%. The volume of XRP traded in the twenty-four hours to time of writing was $4.12855B or 2.68% of the total volume of all cryptocurrencies. It has traded in a range of $0.2676 to $0.3455 in the past 7 days. At its current price, XRP is still down 89.78% from its all-time high of $3.29 set on January 4, 2018. Elsewhere in cryptocurrency trading Bitcoin was last at $10,237.5 on the Investing.com Index, down 0.23% on the day. Ethereum was trading at $282.82 on the Investing.com Index, a gain of 4.26%. Bitcoin's market cap was last at $186.19522B or 59.76% of the total cryptocurrency market cap, while Ethereum's market cap totaled $30.96346B or 9.94% of the total cryptocurrency market value. Related Articles XRP Price Hits 7-Month High as BitMEX Users Reel From 60% Flash Crash Ethereum Climbs Above 278.97 Level, Up 5% Japan Uneased by Chinese CBDC, Plans on Digital Yen in \x912 to 3\x92 Years", "The price of Ethereum (ETH) has shot up in recent weeks. Since January 1, the coin has more than doubled in price, rising from $130 to its current value of $283. It has made strong gains against Bitcoin (BTC) too. The coin went from 0.018 BTC to 0.027 BTC in the same timeframe, a 50% increase. Altcoins are racing past Bitcoin ahead of its halvening Alongside other bullish performances from the rest of the altcoin market, this has helped erode Bitcoin's market dominance\x97its share of the entire crypto market . Bitcoin's market share has fallen from 68% down to 61% since the start of the year. In contrast, Ethereum's share has bloated from 7.4% to 10%. As a result, Ethereum looks set to challenge previous highs. Its last peak was at $351 in June 2019, a price value that hadn't been seen since August 2018\x97on the wane of the crypto bubble. But first it needs to challenge the $300 psychological price point. Ethereum's not the only top 10 coin in the green today. The price of XRP is up three percent, reaching $0.34. It has similarly seen strong growth in recent months, having risen from a low of $0.18 on December 18.", "The price ofEthereum (ETH)has shot up in recent weeks. Since January 1, the coin has more than doubled in price, rising from $130 to its current value of $283.\nIt has made strong gains againstBitcoin (BTC)too. The coin went from 0.018 BTC to 0.027 BTC in the same timeframe, a 50% increase.\nAltcoins are racing past Bitcoin ahead of its halvening\nAlongside otherbullish performancesfrom the rest of the altcoin market, this has helped erode Bitcoin's market dominance—its share of the entirecrypto market. Bitcoin's market share has fallen from 68% down to 61% since the start of the year. In contrast, Ethereum's share has bloated from 7.4% to 10%.\nAs a result, Ethereum looks set to challenge previous highs. Its last peak was at $351 in June 2019, a price value that hadn't been seen since August 2018—on the wane of the crypto bubble. But first it needs to challenge the $300 psychological price point.\nEthereum's not the only top 10 coin in the green today. Theprice of XRPis up three percent, reaching $0.34. It has similarly seen strong growth in recent months, having risen from a low of $0.18 on December 18.", 'Lindsey Barrett , a staff attorney at Georgetown Law, does not hold back when she sees bad actors in the tech space. She recently vehemently opposed the Sprint-T-Mobile merger in Slate , warning that “further consolidating an already anti-competitive sector” would make “it easier for those companies to gouge their customers.” Social media companies are making our lives a privacy hell, she says. And Democrats aren’t much better than Republicans when it comes to standing up to Big Tech. Part of the Institute for Public Representation (IPR) Communications & Technology Clinic, Barrett represents non-profits in enforcing and defending public interest laws. We spoke with her as part of our Election 2020 package, covering big issues in tech, where the candidates stand, and what politicians can do about the data abusers. This interview has been edited and condensed. Related: Privacy Laws Are Only as Effective as the Companies Implementing Them Ben Powers: What big questions around tech should we be paying more attention to? Barrett: Corruption is a big one. There’s no major issue where the law isn’t either non-inclusive or deeply skewed towards allowing industry impunity. We can’t change things unless we are able to tamp down on how lobbyists are able to shape policy, and ensure the expertise that Congress has access to is independent. Privacy, particularly consumer privacy, is a really big one under the tech umbrella. So is consumer privacy. Privacy can unfortunately get siloed into talking about Facebook and Google and nothing else. But we’re talking about data that’s collected from us and that law enforcement has access to, in 50 different ways, and none of it is trivial. Lindsey Barrett We’ve progressed a lot in how we characterize privacy problems and the real risks they pose. It’s less **Last 60 Days of Bitcoin's Closing Prices:** [6640.52, 7276.80, 7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-02-15 **Financial & Commodity Data:** - Gold Closing Price: $1582.70 - Crude Oil Closing Price: $52.05 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.64 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin experienced a crippling rejection from the $8,400 level of resistance overnight with a major sell-off backed by significant volume. As reported by Coin Rivet in yesterday’s market analysis , the $8,400 level is the same point at which price was rejected on numerous occasions throughout September. The daily candle also closed back below the 200 exponential moving average (EMA), which could suggest that more downside price action is to come over the next week. The first hurdle for Bitcoin is to break past the $7,900 level once again after the 7.5% decline over the past 48 hours saw price slump back to $7,850. A further sell-off from the current level will see Bitcoin fall back towards the $7,400 level of support, which was a notable point of resistance over December. The daily relative strength index has also experienced a brutal rejection from the bullish control zone, dropping from 68 to 60 during the recent downturn in price. For Bitcoin to play out the predicted bullish reversal, it needs to close daily candles above $8,400 with an aim at trading towards the $8,800 level of resistance. However, in light of the recent descent, it seems more likely that Bitcoin will continue to drop back to where it was trading throughout December, just above the $7,000 mark. For more news, guides, and cryptocurrency analysis, click here . The post Bearish engulfing Bitcoin candle causes major rejection from $8,400 appeared first on Coin Rivet .... - Reddit Posts (Sample): [['u/puerhood', 'It seems, Microsoft has removed Bitcoin from the payment options.', 22, '2020-02-15 00:24', 'https://www.reddit.com/r/Bitcoin/comments/f40rp6/it_seems_microsoft_has_removed_bitcoin_from_the/', "UDP. BITCOIN PAYMENTS STILL WORK, BUT THEY ARE AVAILABLE IN THE US ONLY!\n\n \nWe are currently making an aggregator of companies accepting crypto and we try to hand check, if every company still accepts it. When I checked Microsoft, I couln't find it on the payments page where it used to be (checked a reddit screenshot posted here 2 months ago). Did they make any official comments regarding it?\n\nUPD. Screen from the [Reddit post](https://www.reddit.com/r/Bitcoin/comments/e1j13u/microsoft_allows_btc_payments/) made 2 months ago\n\nhttps://preview.redd.it/hizc7xwb7zg41.jpg?width=1280&amp;format=pjpg&amp;auto=webp&amp;s=2015095bd2a0f5555f033ca89eaf2734ee7b1820\n\nNow it's like this. Only gift cards\n\n&amp;#x200B;\n\nhttps://preview.redd.it/i1tzo0pe7zg41.jpg?width=959&amp;format=pjpg&amp;auto=webp&amp;s=33ee5279fe43f068ef23132f02aca75b7855aac6\n\n&amp;#x200B;\n\nJust in case you are interested in the aggregator, it's [here](https://www.acceptedhere.io/)", 'https://www.reddit.com/r/Bitcoin/comments/f40rp6/it_seems_microsoft_has_removed_bitcoin_from_the/', 'f40rp6', [['u/ksonnen1', 13, '2020-02-15 00:39', 'https://www.reddit.com/r/Bitcoin/comments/f40rp6/it_seems_microsoft_has_removed_bitcoin_from_the/fhn9611/', "It's actually still there you can still use it on your Microsoft gaming accounts", 'f40rp6'], ['u/igadjeed', 22, '2020-02-15 02:33', 'https://www.reddit.com/r/Bitcoin/comments/f40rp6/it_seems_microsoft_has_removed_bitcoin_from_the/fhnpgiy/', 'MS accepts Bitcoin only in some countries. This has always been true', 'f40rp6'], ['u/BigBlackHungGuy', 16, '2020-02-15 03:40', 'https://www.reddit.com/r/Bitcoin/comments/f40rp6/it_seems_microsoft_has_removed_bitcoin_from_the/fhnwsr1/', 'Its still there for me. In the USA', 'f40rp6']]], ['u/eKim1989', 'Is BULL (3x BTC leverage) token bad to hold long-term (several months)?', 18, '2020-02-15 01:03', 'https://www.reddit.com/r/BitcoinMarkets/comments/f419t7/is_bull_3x_btc_leverage_token_bad_to_hold/', "I understand that it rebalances every ~24 hours, hence it could really hurt you, however I'm having a tough time grasping long-term ramifications? For example, what if I bought &amp; held for 1 year and overall it proves to be a bull market. Could I end up losing more money despite a bull market with my BULL token?\n\nAny clarification would be much appreciated.", 'https://www.reddit.com/r/BitcoinMarkets/comments/f419t7/is_bull_3x_btc_leverage_token_bad_to_hold/', 'f419t7', [['u/Abs01ut3', 23, '2020-02-15 01:59', 'https://www.reddit.com/r/BitcoinMarkets/comments/f419t7/is_bull_3x_btc_leverage_token_bad_to_hold/fhnl751/', "Look up leveraged ETF for the stock market equivalent and how it fares with regular margin trading.\n\nIt rebalances every day to be 3x leveraged and punishes whipsaws / sideways movement.\n\n1. If the market is up &amp; up, after each day it leverages more and more (increasing the base) so your gain is higher than traditional 3x Lev unbalanced.\n\n2. If the market is choppy, you get murdered the bigger the volatility / movement is, and considering it's crypto...\n\n3. If the market is down &amp; down, after each day it will delever and you lose less than 3x margin &amp; cannot be margin called, but a 33% drawdown in a day will zero out the token.\n\nPro: Cannot be liquidated (a 33% drawdown before the rebalancing time can but 99% drawdown spread within a week technically won't), no need to worry about interest fee etc (it's baked onto the token price)\n\nCon: Quickly depreciate in sideways market. The higher the volatility, the greater the loss. Low liquidity as of now. Much less accurate tracking with the token you're targeting (3x leverage is always 3x gain/loss minus fees; BULL can be more than 3x, but more often between 1x and 3x). Due to the decay, 3x leveraged ETF has been known to deliver less than even 1x (spot buying) at times.", 'f419t7'], ['u/GrossBit', 10, '2020-02-15 02:25', 'https://www.reddit.com/r/BitcoinMarkets/comments/f419t7/is_bull_3x_btc_leverage_token_bad_to_hold/fhnoo1a/', 'Exactly \nGiven crypto is the most volatile asset these products are a total scam. It shows you how Binance and FTX are just here to fuck retail traders\n\nAnyone who wants leverage is much better off using BitMex or even better Deribit. Longing options for those who know how it works and how to trade them is the best', 'f419t7']]], ['u/0xC000005', 'Conan.Exiles.Build.196231-c000005', 744, '2020-02-15 01:17', 'https://www.reddit.com/r/CrackWatch/comments/f41fs2/conanexilesbuild196231c000005/', "c0000005\nP R E S E N T S\n\nAppName: Conan Exiles Riders of Hyboria\n\nGenre: Action, Adventure, MMO, RPG, Simulation, Strategy\n\nProtection: Denuvo v4 + Steam\n\nGame Info:\n\nConan Exiles is an online multiplayer survival game, now with mounts and mounted combat, set in the lands of Conan the Barbarian. Enter a vast, open-world sandbox and play together with friends and strangers as you build your own home or even a shared city. Survive freezing cold temperatures, explore loot-filled dungeons, develop your character from a lowly peasant to a mighty barbarian, and fight to dominate your enemies in epic siege wars.\n\n- Extract the contets of the archive\n- Apply this crack \n- Play\n\nCredits to Mr.Goldberg for his Steam Emu!\n\nThis release is updated to latest update (11 Feb) and includes all previous updates and DLCs released.\n\nTo support my work, you can donate here:\n\nBTC: 14ERHFbuyZG37DWFoPcytfZEjYuLE6AVJM\n\nMonero: 44GcEfWR8abHaYDJcEB5ecavq2FwHezNNPv9B3ZRT6q23zp45QhKnbmcBfakCHCYAX1EX3VpeKfM1RxfLiwWmDtNMWcBEWv\n\n=============================================================================\n\n*I pledge to update any and all denuvo games for those who care about it, and specially for those who support me and my work!*\n\n**I plan to do only denuvo cracks and will start from the bottom of the ladder, to the hardest and most modern denuvo builds. This is for the purpose of applying the most accurate methods and keeping a stable flow of my cracks in the upcoming harder twist.**\n\nThank you for your understanding, now let's save some Video Games!.", 'https://www.reddit.com/r/CrackWatch/comments/f41fs2/conanexilesbuild196231c000005/', 'f41fs2', [['u/kevinj933', 179, '2020-02-15 01:24', 'https://www.reddit.com/r/CrackWatch/comments/f41fs2/conanexilesbuild196231c000005/fhnfxbr/', 'Glad to see someone new in the denuvo cracking scene. Great job!', 'f41fs2'], ['u/fuzbean', 131, '2020-02-15 01:33', 'https://www.reddit.com/r/CrackWatch/comments/f41fs2/conanexilesbuild196231c000005/fhnhbus/', "Good to see someone working on cracking Denuvo. Just keep yourself totally anonymous. Don't want what happened to Voksi happen to you.", 'f41fs2'], ['u/just_another_flogger', 17, '2020-02-15 01:42', 'https://www.reddit.com/r/CrackWatch/comments/f41fs2/conanexilesbuild196231c000005/fhniuj3/', "They're saying that if they start from the earliest builds, they're more likely to produce proper work in future releases. Rather than skip the class and go right for the term exam, do the work along the way.", 'f41fs2'], ['u/CummyCrusader', 25, '2020-02-15 01:54', 'https://www.reddit.com/r/CrackWatch/comments/f41fs2/conanexilesbuild196231c000005/fhnkm5w/', 'God speed on your mission, friend!', 'f41fs2'], ['u/FitGirlLV', 74, '2020-02-15 02:05', 'https://www.reddit.com/r/CrackWatch/comments/f41fs2/conanexilesbuild196231c000005/fhnm6aw/', "Interesting. Though those games are old and probably using older Denuvo versions, it's still nice to see someone joining the scene. Will repack both titles if cracks work OK, follow my Upcoming Repacks list.", 'f41fs2'], ['u/glydy', 18, '2020-02-15 02:13', 'https://www.reddit.com/r/CrackWatch/comments/f41fs2/conanexilesbuild196231c000005/fhnnda0/', 'Thank you for supporting them!', 'f41fs2'], ['u/NotaNPCBot-id231921', 35, '2020-02-15 02:29', 'https://www.reddit.com/r/CrackWatch/comments/f41fs2/conanexilesbuild196231c000005/fhnp1mq/', 'Yup, above all else this is the most important. Triple check there is no identifying information in anything.', 'f41fs2'], ['u/damnedfruit', 18, '2020-02-15 02:49', 'https://www.reddit.com/r/CrackWatch/comments/f41fs2/conanexilesbuild196231c000005/fhnrbr2/', "Glad to see someone at least trying, yesterday i was downvoted to hell just for asking what's going on with denuvo releases, today i've been answered, thanks!", 'f41fs2'], ['u/FitGirlLV', 10, '2020-02-15 03:08', 'https://www.reddit.com/r/CrackWatch/comments/f41fs2/conanexilesbuild196231c000005/fhntn9t/', 'I had a previous version repacked just in case, but as I see, not many files has been changed, so maybe will publish it later today.', 'f41fs2'], ['u/Sekwah', 18, '2020-02-15 03:41', 'https://www.reddit.com/r/CrackWatch/comments/f41fs2/conanexilesbuild196231c000005/fhnwty4/', "&gt; Don't want what happened to Voksi happen to you.\n\nWell to be fair Voksi wanted to be caught, pretty much.", 'f41fs2'], ['u/Sekwah', 27, '2020-02-15 03:42', 'https://www.reddit.com/r/CrackWatch/comments/f41fs2/conanexilesbuild196231c000005/fhnwwwc/', 'I don\'t think she meant "the Scene" as in the actual cracking scene but rather as in the "fuck you Denuvo" scene', 'f41fs2'], ['u/YourPapy', 14, '2020-02-15 04:19', 'https://www.reddit.com/r/CrackWatch/comments/f41fs2/conanexilesbuild196231c000005/fhnzjqp/', 'How isn’t it? This is someone new in the Denuvo cracking scene. Not warez scene', 'f41fs2'], ['u/Sekwah', 52, '2020-02-15 06:14', 'https://www.reddit.com/r/CrackWatch/comments/f41fs2/conanexilesbuild196231c000005/fho729p/', "I won't bother finding it in depth but you can look for it if you want.\n\nThere was an [interview](https://torrentfreak.com/voksi-releases-detailed-denuvo-cracking-video-tutorial-180210/) where he gave away several personal info (age, gender). Not even talk... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ["Investing.com - Ethereum rose above the $270.61 threshold on Sunday. Ethereum was trading at 270.61 by 02:31 (07:31 GMT) on the Investing.com Index, up 3.79% on the day. It was the largest one-day percentage gain since February 15.\nThe move upwards pushed Ethereum's market cap up to $29.80B, or 9.89% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $135.58B.\nEthereum had traded in a range of $258.89 to $273.81 in the previous twenty-four hours.\nOver the past seven days, Ethereum has seen a rise in value, as it gained 19.07%. The volume of Ethereum traded in the twenty-four hours to time of writing was $23.96B or 13.99% of the total volume of all cryptocurrencies. It has traded in a range of $217.0203 to $287.9298 in the past 7 days.\nAt its current price, Ethereum is still down 80.99% from its all-time high of $1,423.20 set on January 13, 2018.\nBitcoin was last at $9,970.9 on the Investing.com Index, down 2.72% on the day.\nXRP was trading at $0.31192 on the Investing.com Index, a loss of 7.21%.\nBitcoin's market cap was last at $182.08B or 60.41% of the total cryptocurrency market cap, while XRP's market cap totaled $13.73B or 4.55% of the total cryptocurrency market value.\nRelated Articles\nNot All Central Banks Have an Interest in CBDCs\nEthereum Falls 10% In Rout\nCoronavirus Spreads and Crypto Rallies, but Not Everything Is Related", "Ethereum Climbs Above 270.61 Level, Up 4% Investing.com - Ethereum rose above the $270.61 threshold on Sunday. Ethereum was trading at 270.61 by 02:31 (07:31 GMT) on the Investing.com Index, up 3.79% on the day. It was the largest one-day percentage gain since February 15. The move upwards pushed Ethereum's market cap up to $29.80B, or 9.89% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $135.58B. Ethereum had traded in a range of $258.89 to $273.81 in the previous twenty-four hours. Over the past seven days, Ethereum has seen a rise in value, as it gained 19.07%. The volume of Ethereum traded in the twenty-four hours to time of writing was $23.96B or 13.99% of the total volume of all cryptocurrencies. It has traded in a range of $217.0203 to $287.9298 in the past 7 days. At its current price, Ethereum is still down 80.99% from its all-time high of $1,423.20 set on January 13, 2018. Elsewhere in cryptocurrency trading Bitcoin was last at $9,970.9 on the Investing.com Index, down 2.72% on the day. XRP was trading at $0.31192 on the Investing.com Index, a loss of 7.21%. Bitcoin's market cap was last at $182.08B or 60.41% of the total cryptocurrency market cap, while XRP's market cap totaled $13.73B or 4.55% of the total cryptocurrency market value. Related Articles Not All Central Banks Have an Interest in CBDCs Ethereum Falls 10% In Rout Coronavirus Spreads and Crypto Rallies, but Not Everything Is Related", 'Bitcoin fell by 4.2% on Saturday. Reversing a 1.1% gain from Friday, Bitcoin ended the day at $9,900.9. Bearish throughout the day, Bitcoin fell from an early morning intraday high $10,373.0 to a late afternoon intraday low $9,800.0. Bitcoin fell through the first major support level at $10,166.33 and the second major support level at $9,997.67. Steering clear of sub-$9,800 levels, Bitcoin bounced back to an afternoon high $10,087.0 before sliding back into the deep red. The reversal saw Bitcoin fall back through the second major support level at $9,997.67. The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, however, in spite of the current upward trend. For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the top 10 cryptos, it was a bearish day for the crypto majors. Bitcoin Cash SV (-13.96%), Bitcoin Cash ABC (-11.63%), EOS (-11.38%), and Tron’s TRX (-10.56%) saw double digit percentage losses. Binance Coin (-8.32%), Cardano’s ADA (-9.23%), Ethereum (-7.35%), Litecoin (-7.92%), Ripple’s XRP (-8.42%), and Stellar’s Lumen (-9.50%) also saw heavy losses. Monero’s XMR fell by 6.65%, faring better than the pack on the day. Through the current week, the crypto total market cap fell to a Tuesday low $279.65bn before rising to a Thursday high $308.04bn. At the time of writing, the total market cap stood at $295.21bn. Bitcoin’s dominance slipped back through the week from 63.7% to 61.6% at the time of writing. Trading volumes were on the rise, however, jumping to $195bn levels on Thursday before easing back. Volumes had stood at sub-$130bn levels in the early part of the week. At the time of writing, 24-hr volumes stood at $172.87bn. This Morning At the time of writing, Bitcoin was up by 0.88% to $9,988.1. A bullish start to the day saw Bitcoin rise from an early morning low $9,860.00 to a high $10,037.0. Story continues Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was also a bullish start to the day. Bitcoin Cash ABC (+3.21%), Cardano’s ADA (+3.23%), Litecoin (+4.00%), and Tron’s TRX (+3.38%) led the way early on. Binance Coin (+2.26%), Bitcoin Cash SV (+2.25%), Ethereum (+2.50%), Ripple’s XRP (+2.42%), Stellar’s Lumen (+2.17%), and Tezos (+3.00%) also found strong support. EOS trailed the pack, up by just 1.17% at the time of writing. For the Bitcoin Day Ahead Bitcoin would need to move back through to $10,025 levels to bring the first major resistance level at $10,249.27 into play. Support from the broader market would be needed, however, for Bitcoin to break out from the morning nigh $10,037.0. Barring an extended crypto rally, resistance at $10,000 would likely leave Bitcoin short of the first major resistance level. In the event of another breakout, Bitcoin the first major resistance level would likely pin Bitcoin back from a return to $10,400 levels. Failure to move back through to $10,025.00 levels could see Bitcoin hit reverse. A fall back through the morning low $9,960.00 would bring the first major support level at $9,676.27 into play. Barring an extended crypto sell-off, however, Bitcoin should steer clear of the sub-$9,800 levels on the day. This article was originally posted on FX Empire More From FXEMPIRE: E-mini S&P 500 Index (ES) Futures Technical Analysis – Set-Up for Closing Price Reversal Top EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 15/02/20 S&P 500 Weekly Price Forecast – Stock Markets At All-Time Highs The Crypto Daily – Movers and Shakers – 16/02/20 Natural Gas Price Prediction – Prices Rise but Finish the Week in the Red AUD/USD Forex Technical Analysis – Upside Bias Over .6718, Downside Bias Under .6706', 'Bitcoin fell by 4.2% on Saturday. Reversing a 1.1% gain from Friday, Bitcoin ended the day at $9,900.9. Bearish throughout the day, Bitcoin fell from an early morning intraday high $10,373.0 to a late afternoon intraday low $9,800.0. Bitcoin fell through the first major support level at $10,166.33 and the second major support level at $9,997.67. Steering clear of sub-$9,800 levels, Bitcoin bounced back to an afternoon high $10,087.0 before sliding back into the deep red. The reversal saw Bitcoin fall back through the second major support level at $9,997.67. The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, however, in spite of the current upward trend. For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the top 10 cryptos, it was a bearish day for the crypto majors. Bitcoin Cash SV (-13.96%), Bitcoin Cash ABC (-11.63%), EOS (-11.38%), and Tron’s TRX (-10.56%) saw double digit percentage losses. Binance Coin (-8.32%), Cardano’s ADA (-9.23%), Ethereum (-7.35%), Litecoin (-7.92%), Ripple’s XRP (-8.42%), and Stellar’s Lumen (-9.50%) also saw heavy losses. Monero’s XMR fell by 6.65%, faring better than the pack on the day. Through the current week, the crypto total market cap fell to a Tuesday low $279.65bn before rising to a Thursday high $308.04bn. At the time of writing, the total market cap stood at $295.21bn. Bitcoin’s dominance slipped back through the week from 63.7% to 61.6% at the time of writing. Trading volumes were on the rise, however, jumping to $195bn levels on Thursday before easing back. Volumes had stood at sub-$130bn levels in the early part of the week. At the time of writing, 24-hr volumes stood at $172.87bn. This Morning At the time of writing, Bitcoin was up by 0.88% to $9,988.1. A bullish start to the day saw Bitcoin rise from an early morning low $9,860.00 to a high $10,037.0. Story continues Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was also a bullish start to the day. Bitcoin Cash ABC (+3.21%), Cardano’s ADA (+3.23%), Litecoin (+4.00%), and Tron’s TRX (+3.38%) led the way early on. Binance Coin (+2.26%), Bitcoin Cash SV (+2.25%), Ethereum (+2.50%), Ripple’s XRP (+2.42%), Stellar’s Lumen (+2.17%), and Tezos (+3.00%) also found strong support. EOS trailed the pack, up by just 1.17% at the time of writing. For the Bitcoin Day Ahead Bitcoin would need to move back through to $10,025 levels to bring the first major resistance level at $10,249.27 into play. Support from the broader market would be needed, however, for Bitcoin to break out from the morning nigh $10,037.0. Barring an extended crypto rally, resistance at $10,000 would likely leave Bitcoin short of the first major resistance level. In the event of another breakout, Bitcoin the first major resistance level would likely pin Bitcoin back from a return to $10,400 levels. Failure to move back through to $10,025.00 levels could see Bitcoin hit reverse. A fall back through the morning low $9,960.00 would bring the first major support level at $9,676.27 into play. Barring an extended crypto sell-off, however, Bitcoin should steer clear of the sub-$9,800 levels on the day. This article was originally posted on FX Empire More From FXEMPIRE: E-mini **Last 60 Days of Bitcoin's Closing Prices:** [7276.80, 7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-02-16 **Financial & Commodity Data:** - Gold Closing Price: $1582.70 - Crude Oil Closing Price: $52.05 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.59 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Both sides demonstrate a desire for de-escalation of the conflict, which brought the markets back to the rally. Besides, there were very mild reaction (yet) to the crash of a passenger plane near Tehran. US and Canadian politicians say it possibly done by mistake, i.e. it may not have entailed additional toughening against Iran. TheNasdaq index passed the 9000 markthis morning, an almost 10% increase over a month. Oil returned to $65 per barrel of Brent, compared to levels above $70.50 at the peak of fears on Wednesday. Gold, which jumped above $1600 in the middle of the week, traded at $1548, close to its highest levels since 2013. Geopolitics got loud at the beginning of the year, but today it should give way to macroeconomic news as US employment data is published. Robust November data has removed much of the fear that the world’s largest economy is slowing down. December data is expected to show growth by 150K-160K, which looks good after a jump of 266K a month earlier. Another pleasant surprise for the markets from macrostatistics may finally remove all the obstacles for the growth of stock markets. A sharp deterioration in the data may alert the markets, returning doubts about the economy’s ability to record-breaking 11th consecutive year. For the dollar, the situation looks more complicated. Classically, weak data can cause pressure on the dollar, as it will indicate a softer tone of monetary policy in the coming months. Otherwise, a sharp US growth cooling may be perceived as a warning signal for the global economy. If the demand for safe assets on the world markets returns, the dollar may well get additional demand, developing the growth trend since the beginning of the year. In this case, an important milestone may be the area of Christmas highs at 97.40 for the USD index, as well as the area of 1.1060 for EURUSD and 1.29 for GBPUSD. This article was written byFxPro Thisarticlewas originally posted on FX Empire • EUR/USD Mid-Session Technical Analysis for January 10, 2020 • USD/JPY Weekly Price Forecast – US Dollar Testing Major Resistance On Weekly Charts • Bitcoin Lost Momentum, But Markets Believe In Its 2020 Outlook • GBP/JPY Price Forecast – British Pound Continues To Grind Higher • GBP/USD Weekly Price Forecast – British Pound Finishes Week Flat • AUD/USD Price Forecast – Aussie Dollar Breaks Through Minor Resistance... - 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.
9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Bitcoin miner maker MicroBT has rapidly expanded market share by selling over half a million units in 2019, chipping away at rival Bitmain’s dominance.\nMicroBT sold about 600,000 units of its flagship WhatsMiner M20 series last year, Vincent Zhang, sales head of the Shenzhen-based company, said in an online panel hosted by Chinese mining pool Poolin on Thursday in a WeChat group.\nThese products generate a computing power of about 60 terahashes per second (TH/s) on average, he said. That means the newly delivered 600,000 units may have contributed over 30 exahashes (EH/s) of hashing power to the bitcoin network in 2019. (1 EH = 1 million TH).\nRelated:Iran Concerns May Be Driving Trump Administration’s Talk of New Crypto Rules\nAmid bitcoin’s price jump throughout 2019, the network’s two-week average computing power more than doubled from just 40 EH/s around the end of 2018 to nearly 100 EH/s in December. That’d mean close to half of bitcoin’s computing power growth in 2019 may have come from equipment delivered by MicroBT.\nZhang didn’t specify the precise average unit price of these batches, as they could fluctuate depending on bitcoin’s price over the year. But the firm’s various models in its M20 product line are generally priced between $24 to $30 per terahash, meaning the firm has brought home a high nine-figure revenue in U.S. dollarsfor 2019.\nBitcoin’s current computing power stands at 110 EH/s. That also means MicroBT may account for around 30 percent of bitcoin mining power sold right now, making it one of the largest andfastest-growingminer makers in the world.\nMeanwhile, crypto research firm Coinsharesestimatedin a report on Dec. 12 that Bitmain’s dominance of sold bitcoin hash rate was about 65 percent at the time, already down from 75 percent in 2018.\nRelated:Bitcoin’s Mining Difficulty Stagnates as Coronavirus Outbreak Delays New Equipment\nBut this number may already be slightly outdated as bitcoin’s computing power has since then grown by yet another 20 percent, jumping from 92 EH/s in mid December to about 110 EH/s at the moment.\nHangzhou-based Canaan Creative, maker of the Avalon miner, which went public in the U.S. in November, estimated in its IPO filing that it accounted for around 20 percent of bitcoin computing power sold for the first six months of 2019. The firm has yet to release its full-year results.\nThat said, Bitmain’s mining equipment still dominates the market, resulting from the successful sales of its AntMiner S7 from 2015 to 2016 and later its S9 model from 2017 to 2018.\nAccording to Bitmain’s IPO filing in September 2018 in Hong Kong, the firm delivered about 500,000 bitcoin miners in 2015 and 2016, and further sold 3 million units from the beginning of 2017 to June 30, 2018, amid the crypto market’s bull run.\nWhile S9s – with an average 14 TH/s computing power – are still the most widely used miners, they are facing an increasing risk of becoming obsolete as bitcoin’s halving event approaches in May, which will reduce bitcoin’s mining rewards from 12.5 bitcoin per block to 6.25.\nCoinDeskreportedearlier this month that mining farms have been procuring the latest and most powerful miners to expand their facilities or replace older models in preparation for the upcoming halving.\nWhile Bitmain its latest AntMiner S17 series last year to rival MicroBT’s WhatsMiner M20 product line, the latter has significantly outrun Bitmain in terms of mass production and shipments.\nThe two firms are also racing to deliver even more powerful machines in 2020 ahead of the halving event, namely, the AntMiner S19 and WhatsMiner M30. That said, the actual production quantity of these products still largely depends on the supply of wafers from semiconductor companies such as Samsung or TSMC, which, according to Zhang, is “very limited.”\nMeanwhile, as the coronavirus outbreak in China delays manufacturing and logistics, bitcoin’s computing power growth hasstagnatedfor the time being. In fact, data from mining pool BTC.com estimates that bitcoin’s mining power is poised to decrease by 1.78 percent in about eight days.\nZhang said in the WeChat group that MicroBT has resumed its production.\n“Currently, part of the logistics has also gone back to work. … So now the supply of miners is not a big issue but not every mining farm is physically accessible,” he said.\n“Large scale of investments may be affected because investors may not be able to do physical due diligence on facilities,” Zhang said.\n• Childhood Friends Battle Over Ownership of North America’s Largest Bitcoin Mine\n• How the Long Tail of the Coronavirus Might Slow Bitcoin’s Hash Power Growth', 'Bitcoin miner maker MicroBT has rapidly expanded market share by selling over half a million units in 2019, chipping away at rival Bitmain’s dominance.\nMicroBT sold about 600,000 units of its flagship WhatsMiner M20 series last year, Vincent Zhang, sales head of the Shenzhen-based company, said in an online panel hosted by Chinese mining pool Poolin on Thursday in a WeChat group.\nThese products generate a computing power of about 60 terahashes per second (TH/s) on average, he said. That means the newly delivered 600,000 units may have contributed over 30 exahashes (EH/s) of hashing power to the bitcoin network in 2019. (1 EH = 1 million TH).\nRelated:Iran Concerns May Be Driving Trump Administration’s Talk of New Crypto Rules\nAmid bitcoin’s price jump throughout 2019, the network’s two-week average computing power more than doubled from just 40 EH/s around the end of 2018 to nearly 100 EH/s in December. That’d mean close to half of bitcoin’s computing power growth in 2019 may have come from equipment delivered by MicroBT.\nZhang didn’t specify the precise average unit price of these batches, as they could fluctuate depending on bitcoin’s price over the year. But the firm’s various models in its M20 product line are generally priced between $24 to $30 per terahash, meaning the firm has brought home a high nine-figure revenue in U.S. dollarsfor 2019.\nBitcoin’s current computing power stands at 110 EH/s. That also means MicroBT may account for around 30 percent of bitcoin mining power sold right now, making it one of the largest andfastest-growingminer makers in the world.\nMeanwhile, crypto research firm Coinsharesestimatedin a report on Dec. 12 that Bitmain’s dominance of sold bitcoin hash rate was about 65 percent at the time, already down from 75 percent in 2018.\nRelated:Bitcoin’s Mining Difficulty Stagnates as Coronavirus Outbreak Delays New Equipment\nBut this number may already be slightly outdated as bitcoin’s computing power has since then grown by yet another 20 percent, jumping from 92 EH/s in mid December to about 110 EH/s at the moment.\nHangzhou-based Canaan Creative, maker of the Avalon miner, which went public in the U.S. in November, estimated in its IPO filing that it accounted for around 20 percent of bitcoin computing power sold for the first six months of 2019. The firm has yet to release its full-year results.\nThat said, Bitmain’s mining equipment still dominates the market, resulting from the successful sales of its AntMiner S7 from 2015 to 2016 and later its S9 model from 2017 to 2018.\nAccording to Bitmain’s IPO filing in September 2018 in Hong Kong, the firm delivered about 500,000 bitcoin miners in 2015 and 2016, and further sold 3 million units from the beginning of 2017 to June 30, 2018, amid the crypto market’s bull run.\nWhile S9s – with an average 14 TH/s computing power – are still the most widely used miners, they are facing an increasing risk of becoming obsolete as bitcoin’s halving event approaches in May, which will reduce bitcoin’s mining rewards from 12.5 bitcoin per block to 6.25.\nCoinDeskreportedearlier this month that mining farms have been procuring the latest and most powerful miners to expand their facilities or replace older models in preparation for the upcoming halving.\nWhile Bitmain its latest AntMiner S17 series last year to rival MicroBT’s WhatsMiner M20 product line, the latter has significantly outrun Bitmain in terms of mass production and shipments.\nThe two firms are also racing to deliver even more powerful machines in 2020 ahead of the halving event, namely, the AntMiner S19 and WhatsMiner M30. That said, the actual production quantity of these products still largely depends on the supply of wafers from semiconductor companies such as Samsung or TSMC, which, according to Zhang, is “very limited.”\nMeanwhile, as the coronavirus outbreak in China delays manufacturing and logistics, bitcoin’s computing power growth hasstagnatedfor the time being. In fact, data from mining pool BTC.com estimates that bitcoin’s mining power is poised to decrease by 1.78 percent in about eight days.\nZhang said in the WeChat group that MicroBT has resumed its production.\n“Currently, part of the logistics has also gone back to work. … So now the supply of miners is not a big issue but not every mining farm is physically accessible,” he said.\n“Large scale of investments may be affected because investors may not be able to do physical due diligence on facilities,” Zhang said.\n• Childhood Friends Battle Over Ownership of North America’s Largest Bitcoin Mine\n• How the Long Tail of the Coronavirus Might Slow Bitcoin’s Hash Power Growth', 'Bitcoin miner maker MicroBT has rapidly expanded market share by selling over half a million units in 2019, chipping away at rival Bitmain\x92s dominance. MicroBT sold about 600,000 units of its flagship WhatsMiner M20 series last year, Vincent Zhang, sales head of the Shenzhen-based company, said in an online panel hosted by Chinese mining pool Poolin on Thursday in a WeChat group. These products generate a computing power of about 60 terahashes per second (TH/s) on average, he said. That means the newly delivered 600,000 units may have contributed over 30 exahashes (EH/s) of hashing power to the bitcoin network in 2019. (1 EH = 1 million TH). Related: Iran Con **Last 60 Days of Bitcoin's Closing Prices:** [7202.84, 7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-02-17 **Financial & Commodity Data:** - Gold Closing Price: $1582.70 - Crude Oil Closing Price: $52.05 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.49 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Stock Markets in Asia and Europe breathed a sigh of relief on Thursday after a week of anxiety over US-Iran relations that seemed to head to a war-like situation. Safe havens like gold, Japanese yen, and Swiss franc retreated aftersurging earlier in the weekas traders looked to secure their investments. Cryptocurrencies, including Bitcoin (BTC), too suffered marketwide losses on Thursday. What Happened President Donald Trump, in his Wednesday address, said that the U.S.wants to pursue de-escalationof the situation. The Trump Administration will move for economic sanctions instead of further military action, he suggested. “The U.S. is ready to embrace peace with all who seek it,” the president said, adding that Iran too appeared to be “standing down.” Trump was speaking in the aftermath ofIran’s strikes at Iraqi airbasesthat hosted American troops. No casualties were reported from the incident. Irani leaders, too, have said that the country will not pursue further escalation in the absence of American provocation. Iran’s ambassador to the United Nationstold the blocthat it doesn’t seek “escalation or war,” and that its strikes were a “measured and proportionate military response.” Some analysts are doubting whether this will indeed be the end of Iran’s revenge for killing Soleimani, who was often described as Iran’s second most powerful person after Supreme Leader Ali Khamenei, The Nikkei Asian Review reported. The experts polled by The Nikkei noted that Iranian hackers are notorious for cyber attacks, and more such attacks could follow as revenge for Soleimani’s death. Nevertheless, fears of immediate armed conflicts seem to have eased. Asia, Europe Stocks This is how stock markets in Asia performed at press time: Japan's Nikkei 225 index was up 2.31% at 23,739.87 and TOPIX traded 1.63% higher. China's Shanghai Composite was up 0.91% at 3,094.88. Shenzhen Component was up 1.75%. Hong Kong's HSI index traded 1.68% higher at 28,558.76. South Korea's KOSPI added 1.63% at 2,186.45. India's Nikkei 50 and SENSEX both traded 1.4% higher. Elsewhere in Europe, London’s FTSE 100 index traded 0.45% higher at 7,608.74 in early trade. Germany's DAX index was up 1.18% at 13,478.38. France's CAC 40 traded 0.51% higher. US Futures Dow Jones futures were up 0.28% at 28,850. NASDAQ 100 futures traded 0.42% higher at 8,982.50. S&P 500 futures were up 0.31% at 3,270.50 Safe Havens Gold futures were down 0.86% at $1,546.85. Silver futures were down 1.32% at $17.93. The U.S. dollar gained 0.22% against the Japanese Yen at 109.36. The dollar was 0.04% up against the Swiss franc at 0.9741. Bitcoin was down 4.54% at $7937.53. 0 See more from Benzinga • Billionaire Gives Away M As 'Social Experiment,' Breaks Twitter Records • Uber Introduces Changes To Avoid California's New Gig Economy Law © 2020 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.
10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49
You are an expert financial analyst. Your primary task is to 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) -- Binance Holdings Ltd., one of the world’s largest cryptocurrency-trading platforms, has made its first foray into business services by lending its technology and liquidity to those who want to start their own exchanges. The Malta-based crypto behemoth announced its cloud operation to help business clients and partners set up crypto exchanges using Binance’s tech infrastructure, ranging from matching engines to risk controls and data security systems, according to a company statement. Tech giants like Amazon.com Inc. and Alphabet Inc. have over the years evolved beyond their core consumer-facing services and become some of the world’s biggest cloud providers -- and Binance envisions the same type of success in crypto. Binance Cloud will overtake the company’s main exchange to become its biggest source of revenue in five years, co-founder and CEO “CZ” Zhao Changpeng estimates. “Theoretically speaking, we can let anyone in the world create their own exchanges, and the demand is huge,” the 43-year-old coder-turned-entrepreneur said in an interview. “Even during the crypto winter of 2018 and 2019, hundreds of new exchanges popped up every day.” The cloud division -- which started just three months ago and now has nearly 20 people -- complements Binance’s strategy of attracting fiat money. Like its peers, Binance makes money mostly via transaction fees on its trading platforms, which fluctuate wildly with crypto prices. The shift into enterprise-oriented businesses could also help the startup unlock a more steady revenue stream. Binance started off in 2017 as a crypto-to-crypto trading platform, and gained momentum quickly by handling only tokens like Bitcoin and Ether, which allowed it to avoid dealing with banks and government watchdogs. Now a major player, Zhao’s firm is working to shake off its reputation as a regulatory arbitrageur: It has set up regulatory-compliant fiat exchanges in jurisdictions like Singapore and Jersey as it seeks to appeal to a much larger user base that hasn’t bought digital money yet. Story continues Binance Applied for Singapore’s New Crypto License, CEO Says And this isn’t Zhao’s first crack at the cloud business. Before Binance, he was the founder of a Shanghai-based startup called BijieTech specializing in outsourcing tech solutions for crypto exchange operators. Zhao said Binance would favor fiat exchanges as its cloud clients, especially those that target regions or communities where the company doesn’t yet have a strong foothold. Ideally they would also have “good compliance status, relationships, and even strong influence with regulators,” he said. Competition is still nascent in cloud services for crypto exchanges. Binance rival Huobi rolled out its cloud operation in 2018 and has signed up partners including Russia’s VEB Bank and Taiwan’s Chi Fu Group, according to its website. Binance will announce the first fiat exchange powered by its cloud service in the coming weeks, while it has confirmed four other clients in the lineup, Zhao said, without sharing specifics. Aside from tapping into Binance tech, Zhao said clients will also be able to access the order books of all the existing trading pairs on Binance. “Liquidity is a chicken-and-egg problem for small exchanges,” he said. “Without liquidity, they won’t have users.” To contact the reporter on this story: Zheping Huang in Hong Kong at [email protected] To contact the editors responsible for this story: Edwin Chan at [email protected], Joanna Ossinger, David Scanlan For more articles like this, please visit us at bloomberg.com Subscribe now to stay ahead with the most trusted business news source. ©2020 Bloomberg L.P.', '(Bloomberg) -- Binance Holdings Ltd., one of the world’s largest cryptocurrency-trading platforms, has made its first foray into business services by lending its technology and liquidity to those who want to start their own exchanges.\nThe Malta-based crypto behemoth announced its cloud operation to help business clients and partners set up crypto exchanges using Binance’s tech infrastructure, ranging from matching engines to risk controls and data security systems, according to a company statement.\nTech giants like Amazon.com Inc. and Alphabet Inc. have over the years evolved beyond their core consumer-facing services and become some of the world’s biggest cloud providers -- and Binance envisions the same type of success in crypto. Binance Cloud will overtake the company’s main exchange to become its biggest source of revenue in five years, co-founder and CEO “CZ” Zhao Changpeng estimates.\n“Theoretically speaking, we can let anyone in the world create their own exchanges, and the demand is huge,” the 43-year-old coder-turned-entrepreneur said in an interview. “Even during the crypto winter of 2018 and 2019, hundreds of new exchanges popped up every day.”\nThe cloud division -- which started just three months ago and now has nearly 20 people -- complements Binance’s strategy of attracting fiat money. Like its peers, Binance makes money mostly via transaction fees on its trading platforms, which fluctuate wildly with crypto prices. The shift into enterprise-oriented businesses could also help the startup unlock a more steady revenue stream.\nBinance started off in 2017 as a crypto-to-crypto trading platform, and gained momentum quickly by handling only tokens like Bitcoin and Ether, which allowed it to avoid dealing with banks and government watchdogs. Now a major player, Zhao’s firm is working to shake off its reputation as a regulatory arbitrageur: It has set up regulatory-compliant fiat exchanges in jurisdictions like Singapore and Jersey as it seeks to appeal to a much larger user base that hasn’t bought digital money yet.\nBinance Applied for Singapore’s New Crypto License, CEO Says\nAnd this isn’t Zhao’s first crack at the cloud business. Before Binance, he was the founder of a Shanghai-based startup called BijieTech specializing in outsourcing tech solutions for crypto exchange operators.\nZhao said Binance would favor fiat exchanges as its cloud clients, especially those that target regions or communities where the company doesn’t yet have a strong foothold. Ideally they would also have “good compliance status, relationships, and even strong influence with regulators,” he said.\nCompetition is still nascent in cloud services for crypto exchanges. Binance rival Huobi rolled out its cloud operation in 2018 and has signed up partners including Russia’s VEB Bank and Taiwan’s Chi Fu Group, according to its website.\nBinance will announce the first fiat exchange powered by its cloud service in the coming weeks, while it has confirmed four other clients in the lineup, Zhao said, without sharing specifics.\nAside from tapping into Binance tech, Zhao said clients will also be able to access the order books of all the existing trading pairs on Binance.\n“Liquidity is a chicken-and-egg problem for small exchanges,” he said. “Without liquidity, they won’t have users.”\nTo contact the reporter on this story: Zheping Huang in Hong Kong at [email protected]\nTo contact the editors responsible for this story: Edwin Chan at [email protected], Joanna Ossinger, David Scanlan\nFor more articles like this, please visit us atbloomberg.com\nSubscribe nowto stay ahead with the most trusted business news source.\n©2020 Bloomberg L.P.', 'Bitcoin Cash has been one of most affected cryptocurrencies during the recent sell-off , falling by more than 20% after being rejected from the $500 level of resistance. Despite the fact that a number of top altcoins have rallied against their respective BTC trading pairs today, Bitcoin Cash has struggled to make a gain. At the time of writing it was trading at around $391, six percent lower than the crucial level of support turned resistance at $418. The daily 22 exponential moving average (EMA) is now ticking to the downside which suggests that momentum in the short term is driving price towards the $358 level of support. A break below the daily 55 EMA and the $357 level of support would undoubtedly cause continuation to the downside as cryptocurrency bulls put the champagne on ice. However, much of it depends on the upcoming direction of Bitcoin, which will undergo a block reward halving in May. The block reward halving is considered a key event in the cycle of Bitcoin bull and bear markets as it theoretically dries up supply, thus causing a natural increase in price. Breaking above $500 would mark a fairly substantial and historic moment for Bitcoin Cash, which has failed to trade above that level since November 2018. Key price targets fn a breakout comes into fruition would be at $560 and $644 with another level at $855. Pricing Current live BCH pricing information and interactive charts are available on our site 24 hours a day. The ticker bar at the bottom of every page on our site has the latest BCH price. Pricing is also available in a range of different currency equivalents: US Dollar – BCHtoUSD British Pound Sterling – BCHtoGBP Japanese Yen – BCHtoJPY Euro – BCHtoEUR Australian Dollar – BCHtoAUD Russian Rouble – BCHtoRUB Bitcoin – BCHtoBTC About Bitcoin Cash Bitcoin Cash was born out of the idea of making Bitcoin more practical for small, day-to-day payments. In May 2017, Bitcoin payments took about four days unless a fee was paid, which was proportionately too large for small transactions. A change to the code was implemented and Bitcoin Cash was born on 1st August 2017. Story continues More Bitcoin Cash news and information If you want to find out more information about Bitcoin Cash or cryptocurrencies in general, then use the search box at the top of this page. Here’s an article to get you started: Roger Ver to launch crypto exchange on Bitcoin.com By Oliver Knight – February 18, 2020 As with any investment, it pays to do some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. **Last 60 Days of Bitcoin's Closing Prices:** [7218.82, 7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-02-18 **Financial & Commodity Data:** - Gold Closing Price: $1600.00 - Crude Oil Closing Price: $52.05 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.53 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: The cryptocurrency industry is unfortunately rife with scams and hackers looking to steal your hard-earned crypto coins. A variety of tactics are used by hackers and their methods are improving every day. The most common strategies adopted by scammers include financial pyramid schemes, exchanges targeting exit scams, fake web and hardware wallets, and even Ponzi schemes. In order to better understand how hackers successfully steal your cryptocurrency , I will take an in-depth look at each method using real-life examples. Hopefully, by understanding how hackers operate and what red flags to look out for, you’ll be better prepared to fend them off and successfully protect your coins. In this article, I’ll discuss Ponzi schemes, financial pyramid schemes, and fake web and hardware wallets. Ponzi schemes According to Investopedia , Ponzi schemes (or scams) are based on fraudulent investment management services. Investors typically contribute money to the “portfolio manager” who promises them a high return. Afterwards, when those investors want their money back, they are paid out with the incoming funds contributed by later investors. The person organising this type of fraud is in charge of controlling the entire operation – they merely transfer funds from one client to another and forgo any real investment activities. One of the biggest Ponzi schemes in crypto – one that currently keeps adding selling pressure to Bitcoin – is the Plus Token scam. “ Plus Token ” was a cryptocurrency Ponzi scheme disguised as a high-yield investment program. Platform administrators closed down the operation in June 2019 after withdrawing over $3 billion in stolen cryptocurrencies such as Bitcoin, Ethereum, and EOS. A report by Chainalysis, a US-based blockchain analysis company, claims Plus Token was “one of the largest Ponzi schemes ever” and was potentially responsible for the 2019 downturn in BTC price. Story continues The report claims that there are still at least 20,000 BTC and 790,000 ETH missing which could be dumped on the market at any time. Financial pyramid schemes A financial pyramid scheme is structured so that the initial schemer must recruit other investors who will continue to recruit other investors, and those investors will then continue to recruit additional investors, and so on. There will be an incentive that is presented as an investment opportunity, such as the right to sell a particular product or high earnings per recruit. Each investor pays the person who recruited them and so on. The recipient must share the proceeds with those in the higher levels of the pyramid structure. One key difference is that pyramid schemes are harder to prove than Ponzi schemes. They are also better protected because the legal teams behind corporations are much more powerful than those protecting an individual. Just recently in Brazil , a group called “Bitcoin Banco” (Bitcoin Bank) is alleged to have conducted a million dollar exit scam . The group was in charge of a great deal of exchanges in the country and promised set returns to investors who traded the exchange currency, Negociecoins. However, according to analysts, “This profit did not exist because the company needs investor money to produce order book orders.” Fake wallets One of the most common mistakes by junior cryptocurrency users is to fall prey to fake cryptocurrency web wallets and hardware wallets. Since some users trust Google and other search engines to look up websites, it’s quite easy to click on the wrong website. To avoid making this mistake, always check the website you’re accessing is the real one. There are loads of fake URLs and GitHub repositories with the sole purpose of stealing your precious cryptocurrency. A simple solution is to save websites you visit often, like web wallets and exchanges, into your browser favourites list. That way, it will be near impossible to fall prey to fake URL hacks. Conclusion Before making any decisions about trading your cryptocurrency or investing in a new coin, make sure you complete thorough research. Keep on top of the latest news and trends as reports of scams begin to increase. Most of all, don’t forget to apply everyday digital best practices to your activity. Cryptocurrency scams and vulnerabilities will continue to evolve as the industry grows and it’s your responsibility to stay protected. Safe trades! The post How easy is it for hackers to steal your cryptocurrency? appeared first on Coin Rivet .... - 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.
9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Bitcoin rallied by 4.86% on Tuesday. Reversing a 2.19% decline from Monday, Bitcoin ended the day at $10,184.0. A bearish start to the day saw Bitcoin fall to an early morning intraday low $9,637.9 before finding support. Steering clear of the first major support level at $9,483.27, Bitcoin rallied to a late intraday high $10,275.0. Bitcoin broke through the first major resistance level at $9,950.97 and the second major resistance level at $10,193.93. It was a choppy end to the day, however. Bitcoin fell back through the second major support level to limit the upside on the day. Holding on to $10,000 levels was key for the week ahead, however. The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, with Bitcoin failing to break out from $10,000 levels. For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the top 10 cryptos, it was a mixed day for the crypto majors. Tezos (+8.25%), Litecoin (+5.41%), Ethereum (+5.63%), and EOS (+5.25%) led the way on the day. Binance Coin (+2.68%), Bitcoin Cash ABC (+2.71%), Cardano’s ADA (+4.22%), Monero’s XMR (+4.90%), Ripple’s XRP (+3.77%), Stellar’s Lumen (+4.42%), and Tron’s TRX (+3.48%) also made strong gains. Bitcoin Cash SV bucked the trend on the day, falling by 0.75%. Through the start of the week, the crypto total market cap fell to a low $273.33bn before hitting a Tuesday high $297.09bn. At the time of writing, the total market cap stood at $295.57bn. Bitcoin’s dominance continued to sit at sub-63% levels in the early part of the week. Bitcoin saw relatively modest gains after taking a hit on Monday. At the time of writing, Bitcoin’s dominance stood at 62.4%. Trading volumes eased back from $196bn levels seen on Monday to sub-$180bn levels on Tuesday. At the time of writing, 24-hr volumes stood at $173.77bn. Story continues This Morning At the time of writing, Bitcoin was down by 0.34% to $10,149.0. A mixed start to the day saw Bitcoin fall from an early morning high $10,199.0 to a low $10,134.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day, with Bitcoin Cash SV rising by 0.13% to buck the trend once more. With the rest of the pack in the red, Bitcoin Cash ABC, Tezos and Tron’s TRX led the way down, with losses of 1.57, 0.92%, and 0.81% respectively. For the Bitcoin Day Ahead Bitcoin would need to move through to $10,200 levels to bring the first major resistance level at $10,426.70 into play. Support from the broader market would be needed, however, for Bitcoin to break back out from Tuesday’s high $10,275. Barring a broad-based crypto rebound, resistance at $10,200 would likely leave Bitcoin short of the first major resistance level. In the event of another breakout, $10,500 levels could come back into play before any pullback. We would expect Bitcoin to fall well short of the second major support level at $10,669.4, however. Failure to move through to $10,200 levels could see Bitcoin fall deeper into the red. A fall through to sub-$10,030 levels would bring the first major support level at $9,789.6 into play. Barring an extended crypto sell-off, however, Bitcoin should steer clear of the sub-$9,700 levels on the day. This article was originally posted on FX Empire More From FXEMPIRE: The Crypto Daily – Movers and Shakers – 19/02/20 Natural Gas Price Forecast – Natural Gas Markets Rally Significantly Asia Open : It’s Not Where It’s Been, Its Where It’s Going “Earnings Don’t Move The Overall Market; It’s The Federal Reserve Board” E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Traders Still ‘Buying the Dip’ Crude Oil Price Forecast – Crude Oil Markets Still Trying To Base Crude Oil Price Update – Room to the Upside Over $52.65', 'Bitcoin rallied by 4.86% on Tuesday. Reversing a 2.19% decline from Monday, Bitcoin ended the day at $10,184.0. A bearish start to the day saw Bitcoin fall to an early morning intraday low $9,637.9 before finding support. Steering clear of the first major support level at $9,483.27, Bitcoin rallied to a late intraday high $10,275.0. Bitcoin broke through the first major resistance level at $9,950.97 and the second major resistance level at $10,193.93. It was a choppy end to the day, however. Bitcoin fell back through the second major support level to limit the upside on the day. Holding on to $10,000 levels was key for the week ahead, however. The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, with Bitcoin failing to break out from $10,000 levels. For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the top 10 cryptos, it was a mixed day for the crypto majors. Tezos (+8.25%), Litecoin (+5.41%), Ethereum (+5.63%), and EOS (+5.25%) led the way on the day. Binance Coin (+2.68%), Bitcoin Cash ABC (+2.71%), Cardano’s ADA (+4.22%), Monero’s XMR (+4.90%), Ripple’s XRP (+3.77%), Stellar’s Lumen (+4.42%), and Tron’s TRX (+3.48%) also made strong gains. Bitcoin Cash SV bucked the trend on the day, falling by 0.75%. Through the start of the week, the crypto total market cap fell to a low $273.33bn before hitting a Tuesday high $297.09bn. At the time of writing, the total market cap stood at $295.57bn. Bitcoin’s dominance continued to sit at sub-63% levels in the early part of the week. Bitcoin saw relatively modest gains after taking a hit on Monday. At the time of writing, Bitcoin’s dominance stood at 62.4%. Trading volumes eased back from $196bn levels seen on Monday to sub-$180bn levels on Tuesday. At the time of writing, 24-hr volumes stood at $173.77bn. Story continues This Morning At the time of writing, Bitcoin was down by 0.34% to $10,149.0. A mixed start to the day saw Bitcoin fall from an early morning high $10,199.0 to a low $10,134.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day, with Bitcoin Cash SV rising by 0.13% to buck the trend once more. With the rest of the pack in the red, Bitcoin Cash ABC, Tezos and Tron’s TRX led the way down, with losses of 1.57, 0.92%, and 0.81% respectively. For the Bitcoin Day Ahead Bitcoin would need to move through to $10,200 levels to bring the first major resistance level at $10,426.70 into play. Support from the broader market would be needed, however, for Bitcoin to break back out from Tuesday’s high $10,275. Barring a broad-based crypto rebound, resistance at $10,200 would likely leave Bitcoin short of the first major resistance level. In the event of another breakout, $10,500 levels could come back into play before any pullback. We would expect Bitcoin to fall well short of the second major support level at $10,669.4, however. Failure to move through to $10,200 levels could see Bitcoin fall deeper into the red. A fall through to sub-$10,030 levels would bring the first major support level at $9,789.6 into play. Barring an extended crypto sell-off, however, Bitcoin should steer clear of the sub-$9,700 levels on the day. This article was originally posted on FX Empire More From FXEMPIRE: The Crypto Daily – Movers and Shakers – 19/02/20 Natural Gas Price Forecast – Natural Gas Markets Rally Significantly Asia Open : It’s Not Where It’s Been, Its Where It’s Going “Earnings Don’t Move The Overall Market; It’s The Federal Reserve Board” E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Traders Still ‘Buying the Dip’ Crude Oil Price Forecast – Crude Oil Markets Still Trying To Base Crude Oil Price Update – Room to the Upside Over $52.65', 'CoinDesk columnist Nic Carter is a partner at Castle Island Ventures, a public blockchain-focused venture fund based in Cambridge, Mass. He is also the cofounder of Coin Metrics, a blockchain analytics startup. On May 9, 2019, Representative Brad Sherman (D-Calif.), member of the House Financial Services Committee, made an impassioned speech about cryptocurrency. In his speech, the mask typically worn by policymakers slipped: his words betrayed the threat cryptocurrencies pose to the state. Sherman said: Related: Financial Services: The Coming Cataclysm “An awful lot of our international power comes from the fact that the dollar is the standard unit of international finance and transactions. Clearing through the N.Y. Fed is critical for major oil and other transactions, and it is the announced purpose of the supporters of cryptocurrency to take that power away from us, to put us in a position where the most significant sanctions we have on Iran, for example, would become irrelevant.” But does cryptocurrency really pose a threat to America’s monetary dominance? I’d like to propose an alternative. Far from compromising the dollar’s mighty advantage internationally, cryptocurrency, and the infrastructure built to support it, may well entrench its position. To assess this possibility, one must understand cases where the dollar has already infiltrated foreign countries. This is commonly called “dollarization.” Dollarization refers to the process of adopting a foreign currency (typically but, confusingly, not always, the U.S. dollar) in lieu of a local sovereign currency. It happens both in an informal, bottom-up way and a top-down manner, when the local central bank capitulates and adopts the dollar as legal tender. The bottom-up model occurs in a spontaneous manner as citizens flee a depreciating local currency and adopt the dollar, even when dollar holdings might be criminalized or where capital controls exist. In some cases, this kicks off a feedback loop, further depreciating the local currency and forcing the hand of the central bank which capitulates and officially adopts the dollar standard. The monetary economist Lawrence White calls this dolarización popular . Story continues The Educador dollarization phenomenon in 1999-2000 is a prime example of indi **Last 60 Days of Bitcoin's Closing Prices:** [7191.16, 7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-02-19 **Financial & Commodity Data:** - Gold Closing Price: $1607.50 - Crude Oil Closing Price: $53.29 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.50 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin Climbs Above 9,564.9 Level, Up 4% Investing.com - Bitcoin rose above the $9,564.9 threshold on Thursday. Bitcoin was trading at 9,564.9 by 19:49 (00:49 GMT) on the Investing.com Index, up 3.60% on the day. It was the largest one-day percentage gain since February 5. The move upwards pushed Bitcoin's market cap up to $173.9B, or 63.19% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $241.2B. Bitcoin had traded in a range of $9,536.1 to $9,630.6 in the previous twenty-four hours. Over the past seven days, Bitcoin has seen a rise in value, as it gained 2.49%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $35.3B or 26.27% of the total volume of all cryptocurrencies. It has traded in a range of $9,179.9121 to $9,726.8135 in the past 7 days. At its current price, Bitcoin is still down 51.86% from its all-time high of $19,870.62 set on December 17, 2017. Elsewhere in cryptocurrency trading Ethereum was last at $203.12 on the Investing.com Index, up 6.62% on the day. XRP was trading at $0.27455 on the Investing.com Index, a gain of 2.68%. Ethereum's market cap was last at $22.2B or 8.06% of the total cryptocurrency market cap, while XRP's market cap totaled $12.0B or 4.36% of the total cryptocurrency market value. Related Articles ICE Announces Software Platform Acquisition for Upcoming Bakkt App Price Analysis Feb 5: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, ADA, XTZ EOS Climbs Above 4.4838 Level, Up 7%... - Reddit Posts (Sample): [['u/Dynamik_', 'DD: Predicting a Stock Leap', 150, '2020-02-19 02:25', 'https://www.reddit.com/r/wallstreetbets/comments/f62ru8/dd_predicting_a_stock_leap/', 'I wanted to share my thoughts on why I think we\'ve been seeing these recent huge gains and a possible way to capitalize on them.\n\n**The Motivation**\n \nI too am trying to become a rich fellow autist, just like you. Usually, I\'m late to the meme stock party and miss out on profits. So, I thought to myself "If I can think of the similarities between these companies, maybe I can beat the crowd and make some real r/wsb front page worthy shit."^^hopefully ^^as ^^gains\n \n**The Baseline Stock**\n\nAs my first stock of analysis, of course, I took the latest meme stock $SPCE, Virgin Galactic. Founder Richard Branson is a multi-billionaire with the proper financial backings to make a company huge. But, I figured that is not enough drive for even the newest of new investors to buy calls/shares in the masses and the stock price to soar. With a quick background check, you could find that Branson tried sending tourists to space back in 2008. [\\[ref\\]](http://news.bbc.co.uk/2/hi/science/nature/7529978.stm) He even said he had over 250 people prepaid for $200,000 each. If that happened today, the stock would have probably rocketed to another dimension. \n \nEven better, the market $SPCE is entering isn\'t controlled by a single company, leaving room for huge growth and a market with gigantic potential. Fox already reported this hype that the space market is projected to reach upwards of $1 trillion. This was even before Virgin Galactic took off in December, albeit this market cap projection included weather, Wi-Fi, shipping and logistics, television and radio rely on satellite-based services. [\\[ref\\]](https://www.foxbusiness.com/markets/space-trillion-dollar-economy) This could be a factor.\n \n**Past Trends Analysis**\n\nIt seems, especially nowadays, *hype* drives certain stocks through the roof. Even the slight thought of a company having a massive market cap leads to a huge response from investors. No news becomes good news for the company and good news creates huge share volumes. Most recently, $SPCE and $TSLA bulled their way to daily gains at unimaginable rates without much concrete news. Some meme stocks mentioned here do well ($AMD, $MSFT), those &lt;10% daily gains have some premise, having solid financials to back it up. But, they do not demonstrate extreme leaps like $SPCE who hasn\'t even made a penny (since I\'m Canadian, I should say a Nickel instead). To strengthen my original reasoning, I needed to think of other stocks that had this situation. Then, it all started to come together...\n\n* $SPCE - Sub-orbital tourism/travel. [+320% in 2 1/2 months](https://imgur.com/a/2ODk0X7)\n* $TSLA - The BEV vehicle with a bonus of technology and renewable energy market? Close enough of a guess, but who cares because it went [+270% in 4 months](https://imgur.com/a/RMhHzCa)\n* $ACB^^RIP - Legal weed hype. Canada legalizing marijuana. [+376% in just over 2 months](https://imgur.com/a/gBILaZd)\n* $BYND - Vegetarian "meat" market. Blew up [+255% in merely 2 1/2 months](https://imgur.com/a/dit7tmY)\n* $NFLX - Online mass video streaming market. [+114% in 6 months] (https://imgur.com/a/gkhjCLT) \n* Though this is not a stock, Bitcoin investments when it was seemingly the first kind of major form of cryptocurrency was insane. [+2,390% in 1 year.](https://imgur.com/a/7yU03hK) I\'d call this an outlier but I don\'t know anything about the market so maybe another will happen. \n\nThis is a list of stocks I can think of, irrelevant of their revenue, that showed the best of best short term gains and all had that similarity. \n\n**Ahead of the Party**\n\nIf I want to get ahead of these parties I need to pick the $BYND or the $SPCE @ $8 before it runs up a 89.9° incline. Finding a company that has the potential to completely enter and control a market, without any actual revenue history. That\'s where this prediction comes in: $DEAC. \n \n*The market:* Major sports betting on the US market is not yet available and this acquisition corporation plans to change that by merging with DraftKings. [\\[ref\\]](https://www.bloomberg.com/news/articles/2019-12-23/draftkings-is-going-public-in-deal-valuing-firm-at-3-3-billion) Before this merger was made public, CNBC wrote a huge article on the sports betting, including a market projection of $150 billion (the estimated current illegal gambling market size). DraftKings and FanDuel own 83% of the legal gambling market in New Jersey. [\\[ref\\]] (https://www.cnbc.com/2019/04/27/fanduel-draftkings-race-to-win-150-billion-sports-betting-market.html) This leads to a massive potential upside in having an IPO in the sports betting industry, projected to be $5 billion dollars. \n\n*The opportunity:* $DEAC is an acquisition corporation meant exactly for this purpose. They plan to merge with DraftKings and change to a publicly-traded DraftKings. Not only is the market projected to be large, but this deal is also said to be priced in at a market cap of $3.3 billion. By the way, $DEAC is currently at an $840 million market cap. Now... I\'m no mathematician, but those numbers are definitely far apart.\n\n*The challenge:* While a supreme court ruling allowed any state their own legalization ability for sports betting, I believe NYC just turned down daily sports fantasy betting again. It most likely will be appealed but state legalization it is something to keep in mind. Currently, it shows 21 states have DFS regulations. [\\[ref\\]](https://www.legalsportsreport.com/daily-fantasy-sports-blocked-allowed-states/) Tax incentives could be a push for the other states to follow and legalize DFS regulations.\n \n**Conclusion/TLDR**\n\nThere\'s one thing in common with these huge gaining stonks, *They are breaking through to a market that\'s yet to be controlled*. I\'m not a millionaire yet, nor I may never be, but the potential upside of a $DEAC investment seems like a great way to make people millionaires, *cough cough* calls. \n\n\nMay the gains be with you all!', 'https://www.reddit.com/r/wallstreetbets/comments/f62ru8/dd_predicting_a_stock_leap/', 'f62ru8', [['u/AutoModerator', 50, '2020-02-19 02:54', 'https://www.reddit.com/r/wallstreetbets/comments/f62ru8/dd_predicting_a_stock_leap/fi2djqf/', 'Sir, this is a MacDonald.\n\n*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*', 'f62ru8'], ['u/FWR-MrSmiles', 32, '2020-02-19 03:07', 'https://www.reddit.com/r/wallstreetbets/comments/f62ru8/dd_predicting_a_stock_leap/fi2erm0/', 'This dude spelled $PLUG wrong.', 'f62ru8'], ['u/noober1x', 26, '2020-02-19 03:09', 'https://www.reddit.com/r/wallstreetbets/comments/f62ru8/dd_predicting_a_stock_leap/fi2ewpk/', "Sure why not. I'm in.", 'f62ru8'], ['u/Dynamik_', 16, '2020-02-19 03:19', 'https://www.reddit.com/r/wallstreetbets/comments/f62ru8/dd_predicting_a_stock_leap/fi2ft5w/', '2 doubles like a Mac please', 'f62ru8'], ['u/PaganTestosterone', 22, '2020-02-19 03:23', 'https://www.reddit.com/r/wallstreetbets/comments/f62ru8/dd_predicting_a_stock_leap/fi2g6fh/', 'Yeah and look at the 1 month chart lmao.', 'f62ru8'], ['u/bizmanon', 43, '2020-02-19 03:43', 'https://www.reddit.com/r/wallstreetbets/comments/f62ru8/dd_predicting_a_stock_leap/fi2i11y/', 'Here’s the thing about DEAC. As it stands right now it literally cannot go tits up (assuming tp hands or boredom/FOMO don’t pull your money out). I believe that with all of my soul. There will be an extreme jump, and I bet it will yeet back off a cliff a’la Tilray. There’s also a good chance that it will maintain fairly steady after the ticker change, who knows. What we do know is that we are FAR from priced in right now. Buy it, YOLO it, safe play it, or REGRET IT.', 'f62ru8'], ['u/Vinyyy23', 23, '2020-02-19 03:48', 'https://www.reddit.com/r/wallstreetbets/comments/f62ru8/dd_predicting_a_stock_leap/fi2ies2/', 'I like the draft kings app. Which lead me to look into deac. And then you fuckers like it too, so yes I’m most definitely in. \n\nPlus all my deac winnings I can roll into draftkings and bet on stupid player props yayyy', 'f62ru8'], ['u/anik1993', 14, '2020-02-19 05:42', 'https://www.reddit.com/r/wallstreetbets/comments/f62ru8/dd_predicting_a_stock_leap/fi2ry80/', 'How dare you call $AMD and $MSFT meme stocks', 'f62ru8'], ['u/KillerMe33', 31, '2020-02-19 07:14', 'https://www.reddit.com/r/wallstreetbets/comments/f62ru8/dd_predicting_a_stock_leap/fi2y1by/', "$2.7 billion is being paid to the equity holders of (current) Draft Kings and SBT, in the form of cash, debt, and equity in New Draft Kings. Current shareholders of $DEAC will, after the merger, hold up to 12.8% of New Draft Kings (and as little as 3.3% depending on how many shares are redeemed). Current market cap of $DEAC is $864 million. \n\nSo in order for the value of $DEAC shares to go up following the merger based on the current market cap of $DEAC (and assuming $DEAC shares are worth the full 12.8% equity in New Draft Kings), wouldn't New Draft Kings have to be worth approximately $6.7 billion or more? If New Draft Kings is worth, say $4 billion immediately after the merger, then the 12.8% equity of $DEAC holders would only be worth $512 million. They'd effectively be losing 40% of their equity right off the bat. You mentioned in your post that the deal is targeting a market cap of New Draft Kings of only $3.3 billion.\n\nIs there something I'm missing? It seems there must be or else this is a rotten deal for $DEAC.\n\nSource for percentages: https://secfilings.nasdaq.com/filingFrameset.asp?FilingID=13918843&amp;RcvdDate=2/13/2020&amp;CoName=DIAMOND%20EAGLE%20ACQUISITION%20CORP.%20%5C%20DE&amp;FormType=S-4/A&amp;View=html (At chart on page 10).", 'f62ru8'], ['u/neelrr1', 16, '2020-02-19 07:29', '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.
9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46, 8599.51
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:** ["Theprice of Bitcoin (BTC)has suddenly dropped by $800, falling from $10,200 to $9,400. Since the drop, the price has recovered somewhat, back up to $9,600.\nThis has reverberated across the crypto markets. All bar one of the top ten coins by market cap are in the red, withBitcoin Cash (BCH)down 8% andEOSdown 12%.\nAs a result, the entire crypto market cap—which was just under $300 billion earlier today—has sunk to $280 billion. Bitcoin's market dominance has dropped too, falling to 63% of the entire crypto market.\nThe US closes big sale of $40 million Bitcoin\nThe crypto markets have been rallying since the start of the year, with the entire crypto market up 50%. Altcoins have been leading the way, makinggains against Bitcoin. In particular, proof-of-stake coins havebeen performing well.\nThe price of Bitcoin managed to break through the $10,000 mark several times during this rally but fell back through each time. However, the price still remains in an upwards channel, so the rally is not yet over—for now.", "The price of Bitcoin (BTC) has suddenly dropped by $800, falling from $10,200 to $9,400. Since the drop, the price has recovered somewhat, back up to $9,600. This has reverberated across the crypto markets. All bar one of the top ten coins by market cap are in the red, with Bitcoin Cash (BCH) down 8% and EOS down 12%. As a result, the entire crypto market cap\x97which was just under $300 billion earlier today\x97has sunk to $280 billion. Bitcoin's market dominance has dropped too, falling to 63% of the entire crypto market. The US closes big sale of $40 million Bitcoin The crypto markets have been rallying since the start of the year, with the entire crypto market up 50%. Altcoins have been leading the way, making gains against Bitcoin . In particular, proof-of-stake coins have been performing well . The price of Bitcoin managed to break through the $10,000 mark several times during this rally but fell back through each time. However, the price still remains in an upwards channel, so the rally is not yet over\x97for now.", "Theprice of Bitcoin (BTC)has suddenly dropped by $800, falling from $10,200 to $9,400. Since the drop, the price has recovered somewhat, back up to $9,600.\nThis has reverberated across the crypto markets. All bar one of the top ten coins by market cap are in the red, withBitcoin Cash (BCH)down 8% andEOSdown 12%.\nAs a result, the entire crypto market cap—which was just under $300 billion earlier today—has sunk to $280 billion. Bitcoin's market dominance has dropped too, falling to 63% of the entire crypto market.\nThe US closes big sale of $40 million Bitcoin\nThe crypto markets have been rallying since the start of the year, with the entire crypto market up 50%. Altcoins have been leading the way, makinggains against Bitcoin. In particular, proof-of-stake coins havebeen performing well.\nThe price of Bitcoin managed to break through the $10,000 mark several times during this rally but fell back through each time. However, the price still remains in an upwards channel, so the rally is not yet over—for now.", 'CoinDesk columnist Hasu is a pseudonymous crypto researcher publishing analysis forDeribit Insightsand hispersonal blog.\nA recent TokenAnalystreportclaims a single entity could be in control of around 50 percent of bitcoin’s hashrate. The observation is based on the fact that five large mining pools have launched a new cloud mining service as a joint venture.\n“In 2020, bitcoin has […] become a highly centralized system that places an increasing amount of trust in a small number of large entities. Any centralization of bitcoin network hash power should be of concern as it erodes the trustless model of the network,” TokenAnalyst, a cryptocurrency research firm, says.\nRelated:You Are the Product: A Three-Step Plan to Take Back Control of Personal Data\nIts strong language is consistent with the folk theorem thatbitcoin(BTC) relies on the decentralization of hash power to be secure. But is it also correct?\nIt is certainly true that one miner with 100 percent of the hash power would have more control over the network than miners with 10 percent hash power. A majority miner can reorganize the blockchain to double-spend his own transactions or even block any unwanted transactions from making it into the blockchain.\nIf a majority miner can misbehave and hurt users, does that mean users should try whatever they can to prevent centralization in hash power?\nFormer Bitcoin Core developer Greg Maxwell sees that as a futile task,given that“[an attack] doesn’t even depend on a single person having too much of the hash power. The attack would work just as well if there were 100 people each with an equal amount and a majority of them colluded to dishonestly override the result.”\nRelated:Never Mind Hodlers, Crypto Needs More Opportunist Investors\nThis insight is important because it shows we can not rule out concentration, ever. Miners can always collude with each other and act as a single entity. It would be ludicrous to trust a system that can collapse after a single conference call – that’s all it would take to coordinate the behavior of the largest mining pools. And if miners could make more money by colluding with each other, we should expect that they will.\nRationality means agents do what is best for them, even if that means colluding with other miners to attack the system.\nAnd – according to Maxwell – this problem might not have a solution because “any mechanism that would let you prevent one party (much less secret collusion) from having too much authority would almost certainly let you just replace mining entirely.”\nSo if the concentration of hash power in proof-of-work (PoW), or of stake in proof-of-stake, is inevitable, why am I not worried?\nThe answer is that bitcoin’s design doesn’t assume mining power is widely distributed. It’s simply not a requirement. Instead, it only assumes miners are rational, which is something completely different. Rationality means agents do what is best for them, even if that means colluding with other miners to attack the system.\nSatoshi addressed this matter directlyin the white paper:\nThe incentive may help encourage nodes to stay honest. If a greedy attacker is able to assemble more CPU power than all the honest nodes, he would have to choose between using it to defraud people by stealing back his payments, or using it to generate new coins. He ought to find it more profitable to play by the rules, such rules that favor him with more new coins than everyone else combined, than to undermine the system and the validity of his own wealth.\nLet’s unpack this a bit. It is the incentive in the form of new coins and transaction fees that motivate the majority to “stay honest.” Satoshi realized the only way to prevent a “greedy attacker” from taking over is to make it more profitable to play by the rules than to attack the system.\nThis is the key to bitcoin’s assurances and at the same time the most widely misunderstood aspect of bitcoin’s design.\nEconomist Paul Sztorc even says he is “most comfortablejust assuming that everyone is always in perfect collusion with everyone else. Specifically, that all of the hash power is actually owned and operated by one guy, whom we might call ‘Mr. Greed.’ […] Why doesn’t Mr. Greed double spend, you ask? (He can reorganize the chain at any time.) Well, Mr. Greed prefers to keep all of the new coins for himself, rather than undermine the system (and the validity of his own wealth).”\nI must admit, I was not comfortable with what I perceived bitcoin’s security model to be initially. If bitcoin were vulnerable the moment a group of colluding miners obtains 51 percent of hash power, how could we possibly monitor – let alone prevent – this? Moreover, why are smaller forks like [bitcoin cash] BCH and [bitcoin SV] BSV not constantly under attack, given that several individual mining pools in BTC control more hash power than their entire networks?\nThe dissonance disappeared when I realized that hash power concentration doesn’t actually matter. Bitcoin is secure not because it is impossible to attack, but because it is costly to attack.\nThe cost of an attack is directly related to how much hash power the attacker owns. That is the key finding of apaperI released with Curtis and Prestwich in 2019. In a simplified model, we estimated the present value of all mining operations in bitcoin at around 658,800 BTC or $6 billion at current bitcoin prices. (Consequently, 60 percent of hash power is worth around 395,000 BTC or $3.6 billion, and so on.)\nThe present value of these miners depends on the value of the network because their future profit is exclusively from block rewards. They are priced in bitcoin’s native token, BTC. If something happened to bitcoin that would make users lose trust in the system, these 658,800 BTC could lose their value in real terms, incurring a large opportunity cost.\nLet’s say an attacker with 60 percent hash power decided to attack the network. If the attack depresses the price of bitcoin by only 10 percent, a rather conservative guess, he would lose $360 million in future profit. This is the opportunity cost of his attack.\nThis number – also called security margin – gives us an idea of how much an attacker has to be able to gain just to break even with his attack. And it does not yet include the ability for the other 40 percent of hash power to push back, or the ability of users to respond with their own nuclear option of changing the PoW algorithm.\nThe same logic has been replicated in the recent paper “Too Big to Cheat: Mining Pools’ Incentives to Double Spend in Blockchain Based Cryptocurrencies” by Savolainen and Soria. The authors conclude that “the historically observed pool concentration does not indicate a higher risk of double-spending attacks. […] This result demonstrates the well-known economic insight that feasibility does not imply desirability.”\nMining concentration is **Last 60 Days of Bitcoin's Closing Prices:** [7511.59, 7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-02-20 **Financial & Commodity Data:** - Gold Closing Price: $1616.60 - Crude Oil Closing Price: $53.78 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.44 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: • Bitcoin’s defense of the former hurdle-turned-support at near $9,190 has strengthened the case for a continued rally toward higher resistance levels. • Longer duration chartsare alignedin favor of a move to $10,000. • A channel breakdown on the hourly chart would shift risk in favor of a deeper pullback to the 200-day average at $8,900. Bitcoin defended key price support early on Thursday, strengthening the case for another move higher. Having faced rejection above $9,400 multiple times on Wednesday, the top cryptocurrency by market value came under pressure during the Asian trading hours today. Buyers, however, absorbed the selling pressure at $9,188, keeping the former resistance-turned-support intact. Bitcoin had reversed lower from the same $9,188 hurdle on Jan. 14, aborting the short-term bullish view. So as the cryptocurrency bounced up strongly from $8,250 earlier this week, traders wondered whether bitcoin will again fail at $9,188 and form a double-top bearish reversal pattern or cross the hurdle with conviction. Related:Binance US Now Offers Staking Rewards for These Two Cryptocurrencies The latter case won the day and the bulls managed to push prices well above $9,188 on Wednesday, flipping the resistance into support and establishing a new higher high. At press time, bitcoin is changing hands at $9,350, according to CoinDesk’sBitcoin Price Index. Bitcoin is moving in a sideways channel on the hourly chart. A move above channel resistance at $9,452 would likely accelerate the recent rally and open the doors to $9,600 (channel range added to breakout price). A violation there would expose the psychological resistance at $10,000. The RSI is no longer reporting overbought conditions and is currently in bullish territory above 50. Related:Bitcoin Eyes Best January Close in 7 Years After 30% Price Increase With the longer duration charts also biased bullish, the odds appear stacked in favor of a range breakout. Should the range be breached to the downside, a deeper pullback to the 200-day average at $8,900 may be seen. BItcoin rose past $9,188 on Wednesday with a positive “marubozu candle,” indicating that bullish sentiment is quite strong. Further, the five- and 10-day averages are trending north so dips, if any, are likely to be short-lived. A bearish reversal would be confirmed only if prices print a UTC close below $8,213 (higher low created on Jan. 24). Currently, that looks unlikely. Disclosure: The author does not currently hold any digital assets. • Bitcoin Cracks $9,400 to Reach Nearly 3-Month High in ‘Asia-Driven Rally’ • Bitcoin Rallies to Near $9,150 as Stocks Drop Over Coronavirus Fears... - Reddit Posts (Sample): [['u/0xC000005', 'Robinson.The.Journey.READNFO-C000005', 1015, '2020-02-20 00:58', 'https://www.reddit.com/r/CrackWatch/comments/f6jy9y/robinsonthejourneyreadnfoc000005/', "c0000005\nP R E S E N T S\n\nAppName: Robinson The Journey\n\nGenre: Adventure, VR\n\nProtection: Denuvo v4.8 + Steam\n\nGame Info:\nExploring from a first-person perspective, gamers will encounter an array of dinosaurs and creatures that react to their presence within the ecosystem of Tyson III. An emphasis on interaction with their surroundings encourages players to examine each area of the game in detail – creating a dense atmosphere and adding to the sense that Tyson III is a goldmine of undiscovered secrets. The game places narrative at the center, with an engaging storyline unfolding as players explore.\n\n- Extract the contents of the archive\n- Apply this crack \n- Play\n\nCredits to Mr.Goldberg for his Steam Emu!\n\nThis release is updated to latest update.\n\nTo support my work, you can donate here:\n\nBTC: 14ERHFbuyZG37DWFoPcytfZEjYuLE6AVJM\n\nMonero: 44GcEfWR8abHaYDJcEB5ecavq2FwHezNNPv9B3ZRT6q23zp45QhKnbmcBfakCHCYAX1EX3VpeKfM1RxfLiwWmDtNMWcBEWv\n\n=============================================================================\n\nRelease notes:\n\nThis is a bonus release before we continue to the more harder denuvo builds (v5 and beyond).\n\nNot in a distance future I plan to create public polls so you can choose which will be the next cracked denuvo game and this is how we will move forward.\n\nAlso from today (from this crack) I officially support Wine compatibility layer for those who play on Linux. Every future crack will work there as well.\n\nThis is all for now, thank your for patience and understanding. Let's continue saving Video Games!.\n\n—————————————————\n\nI would also like to thank everyone who supported and donated so far. The more support and donations I get, the more time and focus I can invest in this project.", 'https://www.reddit.com/r/CrackWatch/comments/f6jy9y/robinsonthejourneyreadnfoc000005/', 'f6jy9y', [['u/qqwerpy', 32, '2020-02-20 00:59', 'https://www.reddit.com/r/CrackWatch/comments/f6jy9y/robinsonthejourneyreadnfoc000005/fi57obx/', '&gt; This is a bonus release before we continue to the more harder denuvo builds (v5 and beyond).\n\n&gt; Not in a distance future I plan to create public polls so you can choose which will be the next cracked denuvo game and this is how we will move forward.\n\nnoice', 'f6jy9y'], ['u/98Alves98', 552, '2020-02-20 01:02', 'https://www.reddit.com/r/CrackWatch/comments/f6jy9y/robinsonthejourneyreadnfoc000005/fi57zkg/', ' \n\n \n\n&gt;This is a bonus release before we continue to the more harder denuvo builds (v5 and beyond). \n&gt; \n&gt;Not in a distance future I plan to create public polls so you can choose which will be the next cracked denuvo game and this is how we will move forward. \n&gt; \n&gt;Also from today (from this crack) I officially support Wine compatibility layer for those who play on Linux. Every future crack will work there as well.\n\nThis man is on a mission...', 'f6jy9y'], ['u/foggyhelicopter', 182, '2020-02-20 01:04', 'https://www.reddit.com/r/CrackWatch/comments/f6jy9y/robinsonthejourneyreadnfoc000005/fi5844t/', '&gt; Not in a distance future I plan to create public polls so you can choose which will be the next cracked denuvo game and this is how we will move forward.\n\nYou already know which will be #1 lol', 'f6jy9y'], ['u/FitGirlLV', 16, '2020-02-20 01:04', 'https://www.reddit.com/r/CrackWatch/comments/f6jy9y/robinsonthejourneyreadnfoc000005/fi585fv/', "Nice release! Thanks, mate.\n\nI've checked Steam page for it. It's VR-only game, so don't expect a repack from me. Either get yourself copy from cs.rin.ru topic (7 GB give or take) or wait for someone else to repack it. Sorry.", 'f6jy9y'], ['u/FitGirlLV', 17, '2020-02-20 01:05', 'https://www.reddit.com/r/CrackWatch/comments/f6jy9y/robinsonthejourneyreadnfoc000005/fi587px/', 'And what that would be, in your opinion?', 'f6jy9y'], ['u/HiuretheCreator', 21, '2020-02-20 01:08', 'https://www.reddit.com/r/CrackWatch/comments/f6jy9y/robinsonthejourneyreadnfoc000005/fi58iw3/', 'this dude is really going after everyone lmao, what a chad', 'f6jy9y'], ['u/5haeg', 22, '2020-02-20 01:12', 'https://www.reddit.com/r/CrackWatch/comments/f6jy9y/robinsonthejourneyreadnfoc000005/fi58tjx/', 'Road Toad Redemption, probably', 'f6jy9y'], ['u/AngelXII', 73, '2020-02-20 01:14', 'https://www.reddit.com/r/CrackWatch/comments/f6jy9y/robinsonthejourneyreadnfoc000005/fi592nl/', 'if you have the knowledge , please do releases like the scene does it , if not , use tor and post on cs.rin . reddit has shitload of trackers in it , please be careful . \nThank you for being on our side.', 'f6jy9y'], ['u/Katz90pl', 22, '2020-02-20 01:18', 'https://www.reddit.com/r/CrackWatch/comments/f6jy9y/robinsonthejourneyreadnfoc000005/fi59dgu/', 'Crack polls, that interesting, mate you gonna give better service than scene xD', 'f6jy9y'], ['u/Katz90pl', 55, '2020-02-20 01:19', 'https://www.reddit.com/r/CrackWatch/comments/f6jy9y/robinsonthejourneyreadnfoc000005/fi59gk5/', 'No because RDR not using Denuvo', 'f6jy9y'], ['u/JUANMAS7ER', 31, '2020-02-20 01:29', 'https://www.reddit.com/r/CrackWatch/comments/f6jy9y/robinsonthejourneyreadnfoc000005/fi5ag6c/', 'Dude, you are on fire!, thanks for your service and carry on!', 'f6jy9y'], ['u/adeldzcom', 27, '2020-02-20 01:49', 'https://www.reddit.com/r/CrackWatch/comments/f6jy9y/robinsonthejourneyreadnfoc000005/fi5c6og/', 'Thank you C000005', 'f6jy9y'], ['u/YourPapy', 160, '2020-02-20 01:50', 'https://www.reddit.com/r/CrackWatch/comments/f6jy9y/robinsonthejourneyreadnfoc000005/fi5cafy/', 'We as a society must insure handball is never cracked', 'f6jy9y'], ['u/tired1320', 11, '2020-02-20 01:52', 'https://www.reddit.com/r/CrackWatch/comments/f6jy9y/robinsonthejourneyreadnfoc000005/fi5cfbu/', 'holy shittt this guy is insane (Not in a distance future I plan to create public polls so you can choose which will be the next cracked denuvo game and this is how we will move forward.) \nwhoever has bitcoin donate to this guy please', 'f6jy9y'], ['u/Kallamez', 59, '2020-02-20 01:52', 'https://www.reddit.com/r/CrackWatch/comments/f6jy9y/robinsonthejourneyreadnfoc000005/fi5cgvm/', 'The latest update of Assassins Creed Odyssey!', 'f6jy9y'], ['u/Riku_Wayfinder', 12, '2020-02-20 01:56', 'https://www.reddit.com/r/CrackWatch/comments/f6jy9y/robinsonthejourneyreadnfoc000005/fi5cumt/', "Could you give educated suggestions on what compressor to use for this game. I'll repack it to learn how and share.", 'f6jy9y'], ['u/darkdeeds6', 39, '2020-02-20 02:04', 'https://www.reddit.com/r/CrackWatch/comments/f6jy9y/robinsonthejourneyreadnfoc000005/fi5di2b/', "Anno 1800 probably won't be #1", 'f6jy9y'], ['u/just_another_flogger', 15, '2020-02-20 02:10', 'https://www.reddit.com/r/CrackWatch/comments/f6jy9y/robinsonthejourneyreadnfoc000005/fi5e3k2/', 'Very neat, glad these older titles are being preserved.\n\n&gt;This is a bonus release before we continue to the more harder denuvo builds (v5 and beyond).\n\nAh fuck, here I was getting my wallet ready at the prospect of Might &amp; Magic Heroes VII (v2.0+/Trial by Fire DLC) or Anno 2205 (v1.4+/Ultimate Edition/Tundra DLC+). I guess these have been Steam games so far.', 'f6jy9y'], ['u/Mountainbranch', 260, '2020-02-20 02:14', 'https://www.reddit.com/r/CrackWatch/comments/f6jy9y/robinsonthejourneyreadnfoc000005/fi5egdu/', "C000005: I've told you! I'm not the Messiah!\n\nr /Crackwatch: HE IS THE MESSIAH!", 'f6jy9y'], ['u/ElTuxedoMex', 65, '2020-02-20 02:19', 'https://www.reddit.com/r/CrackWatch/comments/f6jy9y/robinsonthejourneyreadnfoc000005/fi5exl5/', 'At the very least I respect whoever puts a goal and pursues it.', 'f6jy9y'], ['u/liamajitenshi', 53, '2020-02-20 02:21', 'https://www.reddit.com/r/CrackWatch/comments/f6jy9y/robinsonthejourneyreadnfoc000005/fi5f1qi/', '&gt; Also from today (from this crack) I officially support Wine compatibility layer for those who play on Linux. Every future crack will work there as well.\n\nholy moly', 'f6jy9y'], ['u/HearTheEkko', 27, '2020-02-20 02:23', 'https://www.reddit.com/r/CrackWatch/comments/f6jy9y/robinsonthejourneyreadnfoc000005/fi5fb5q/', "I think you're referring to RDR2 but I just want the latest update of Odyssey. \n\nI want to go back to the game but I don't wanna replay the same shit again.", 'f6jy9y'], ['u/dizzy_ish', 39, '2020-02-20 02:24', 'https://www.reddit.com/r/CrackWatch/comments/f6jy9y/robinsonthejourneyreadnfoc000005/fi5fe7x/', "I don't even care what game it is.. Any Denuvo crack release is good for me.", 'f6jy9y'], ['u/3beed', 88, '2020-02-20 02:33', 'https://www.reddit.com/r/CrackWatch/comments/f6jy9y/robinsonthejourneyreadnfoc000005/fi5g7w5/', 'My man is reviving the scene alone.', 'f6jy9y'], ['u/Durfat', 66, '2020-02-20 02:40', 'https://www.reddit.com/r/CrackWatch/comments/f6jy9y/robinsonthejourneyreadnfoc000005/fi5gt5e/', 'We live in a handball based society.', 'f6jy9y'], ['u/ReCodez', 18, '2020-02-20 02:48', 'https://www.reddit.com/r/CrackWatch/comments/f6jy9y/robinsonthejourneyreadnfoc000005/fi5hnhy/', 'This is not the way.\n\nHandball 17 is the way, we must see to it that the people can enjoy such a masterpiece.', 'f6jy9y'], ['u/Mountainbranch', 47, '2020-02-20 02:49', 'https://www.reddit.com/r/CrackWatch/comments/f6jy9y/robinsonthejourneyreadnfoc000005/fi5ho9m/', "He cracked the new DLC for Total Warhammer II with the skaven nuke which i've been waiting for months so he is already A-OK in my book.", 'f6jy9y'], ['u/Evancolt', 10, '2020-02-20 02:52', 'https://www.reddit.com/r/CrackWatch/comments/f6jy9y/robinsonthejourneyreadnfoc000005/fi5hz8q/', 'Awesome to see! But I personally would like to see more games updated that have denuvo than new games. Example being the AC odyssey DLCs', 'f6jy9y'], ['u/anuragdalal', 95, '2020-02-20 03:19', 'https://www.reddit.com/r/CrackWatch/comments/f6jy9y/robinsonthejourneyreadnfoc00000... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46, 8599.51, 8562.45
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ["Investing.com - Ethereum rose above the $260.55 threshold on Friday. Ethereum was trading at 260.55 by 02:36 (07:36 GMT) on the Investing.com Index, up 0.52% on the day. It was the largest one-day percentage gain since February 20.\nThe move upwards pushed Ethereum's market cap up to $28.64B, or 9.99% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $135.58B.\nEthereum had traded in a range of $254.15 to $263.69 in the previous twenty-four hours.\nOver the past seven days, Ethereum has seen a drop in value, as it lost 2.44%. The volume of Ethereum traded in the twenty-four hours to time of writing was $22.98B or 14.03% of the total volume of all cryptocurrencies. It has traded in a range of $237.8917 to $287.9298 in the past 7 days.\nAt its current price, Ethereum is still down 81.69% from its all-time high of $1,423.20 set on January 13, 2018.\nBitcoin was last at $9,680.6 on the Investing.com Index, up 0.51% on the day.\nXRP was trading at $0.27388 on the Investing.com Index, a loss of 1.05%.\nBitcoin's market cap was last at $176.32B or 61.49% of the total cryptocurrency market cap, while XRP's market cap totaled $12.01B or 4.19% of the total cryptocurrency market value.\nRelated Articles\nJuventus Soccer Club Offers Digital Trading Cards Through Sorare\nIOTA Urges Trinity Wallet Users to Use Seed Migration Tool\nThe Future of Crypto: The Latest Cryptography Advances Set to Change Blockchain", "Ethereum Climbs Above 260.55 Level, Up 0.52% Investing.com - Ethereum rose above the $260.55 threshold on Friday. Ethereum was trading at 260.55 by 02:36 (07:36 GMT) on the Investing.com Index, up 0.52% on the day. It was the largest one-day percentage gain since February 20. The move upwards pushed Ethereum's market cap up to $28.64B, or 9.99% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $135.58B. Ethereum had traded in a range of $254.15 to $263.69 in the previous twenty-four hours. Over the past seven days, Ethereum has seen a drop in value, as it lost 2.44%. The volume of Ethereum traded in the twenty-four hours to time of writing was $22.98B or 14.03% of the total volume of all cryptocurrencies. It has traded in a range of $237.8917 to $287.9298 in the past 7 days. At its current price, Ethereum is still down 81.69% from its all-time high of $1,423.20 set on January 13, 2018. Elsewhere in cryptocurrency trading Bitcoin was last at $9,680.6 on the Investing.com Index, up 0.51% on the day. XRP was trading at $0.27388 on the Investing.com Index, a loss of 1.05%. Bitcoin's market cap was last at $176.32B or 61.49% of the total cryptocurrency market cap, while XRP's market cap totaled $12.01B or 4.19% of the total cryptocurrency market value. Related Articles Juventus Soccer Club Offers Digital Trading Cards Through Sorare IOTA Urges Trinity Wallet Users to Use Seed Migration Tool The Future of Crypto: The Latest Cryptography Advances Set to Change Blockchain", 'Legacy Trust’s digital asset division plans to create the first settlement layer in Asia for institutional investors trading both fiat and cryptocurrencies.\nFirst Digital Trust (FDT) announced Friday its new rapid settlement and clearing network (RSCN) will provide custodian clients, including some of Asia’s most prominent over-the-counter desks and financial institutions, with the means to transfer digital assets seamlessly across the region.\nBased in Hong Kong, FDT also holds its clients’ funds there because the territory’s regulatory framework allows it to offer a custodial solution for both cryptocurrencies and fiat, making it possible for institutions to perform secure trades between the two asset classes.\nRelated:Jill Carlson, Meltem Demirors Back $3.3M Round for Non-Custodial Settlement Protocol Arwen\n“There isn’t a similar service anywhere in Asia,” said FTD COO Gunnar Jaerv, who added it was high time the region had a settlement solution of its own.\nAsian trading constitutes a large percentage of total cryptocurrency trading volumes. But most of the region’s institutional investors use the Silvergate Exchange Network (SEN), the settlement layer from California-based Silvergate Bank – one of the few regulated financial institutions to take clients that trade cryptocurrencies.\nSEN is popular with traders. The settlement layer, which allows users to move USD between cryptocurrency exchanges,processeda record of more than 14,000 transactions in Q4 2019, an increase in 17 percent from the previous quarter.\nBut Jaerv said it compelled its clients in Asia to follow strict U.S. financial regulation, even if the trades would not otherwise involve American entities. He added that it seemed pointless for a region, home to some of the largest OTC desks in the world, like OSL, should take the “scenic route” by processing payments with a U.S.-domiciled institution.\nRelated:Seychelles’ Stock Exchange Will List Ethereum Tokens Representing Supercars\n“If they’re trading with a U.S. counterparty then it might make more sense for them to use Silvergate exchange network, but if they’re trading with somebody in Japan, Korea or Hong Kong … it definitely makes more sense to use a local provider,” Jaerv said.\nWhereas Silvergate can only support U.S. dollars, any freely tradable currency, including the Singapore and Hong Kong dollars as well as euros, sterling and the greenback, can be used on FDT’s RSCN. That gives clients a broader range of fiat exchange rates as well as more diverse options for purchasing cryptocurrencies, Jaerv said.\nFDT, which wasspun outof Legacy Trust in September, said the RSCN was currently in the testing phase, but a full launch is slated for sometime in May. The layer will initially be restricted to fiat and crypto assets but could be expanded to include other assets, like tokenized securities, sometime in the future, Jaerv indicated.\n• Few Banks Will Touch Crypto Firms, but Silvergate Wants to Touch Bitcoin Itself\n• Nomura Launching Benchmark for Japan’s Crypto Assets', 'Legacy Trust’s digital asset division plans to create the first settlement layer in Asia for institutional investors trading both fiat and cryptocurrencies. First Digital Trust (FDT) announced Friday its new rapid settlement and clearing network (RSCN) will provide custodian clients, including some of Asia’s most prominent over-the-counter desks and financial institutions, with the means to transfer digital assets seamlessly across the region. Based in Hong Kong, FDT also holds its clients’ funds there because the territory’s regulatory framework allows it to offer a custodial solution for both cryptocurrencies and fiat, making it possible for institutions to perform secure trades between the two asset classes. Related: Jill Carlson, Meltem Demirors Back $3.3M Round for Non-Custodial Settlement Protocol Arwen “There isn’t a similar service anywhere in Asia,” said FTD COO Gunnar Jaerv, who added it was high time the region had a settlement solution of its own. Asian trading constitutes a large percentage of total cryptocurrency trading volumes. But most of the region’s institutional investors use the Silvergate Exchange Network (SEN), the settlement layer from California-based Silvergate Bank – one of the few regulated financial institutions to take clients that trade cryptocurrencies. SEN is popular with traders. The settlement layer, which allows users to move USD between cryptocurrency exchanges, processed a record of more than 14,000 transactions in Q4 2019, an increase in 17 percent from the previous quarter. But Jaerv said it compelled its clients in Asia to follow strict U.S. financial regulation, even if the trades would not otherwise involve American entities. He added that it seemed pointless for a region, home to some of the largest OTC desks in the world, like OSL, should take the “scenic route” by processing payments with a U.S.-domiciled institution. Related: Seychelles’ Stock Exchange Will List Ethereum Tokens Representing Supercars Story continues “If they’re trading with a U.S. counterparty then it might make more sense for them to use Silvergate exchange network, but if they’re trading with somebody in Japan, Korea or Hong Kong … it definitely makes more sense to use a local provider,” Jaerv said. Whereas Silvergate can only support U.S. dollars, any freely tradable currency, including the Singapore and Hong Kong dollars as well as euros, sterling and the greenback, can be used on FDT’s RSCN. That gives clients a broader range of fiat exchange rates as well as more diverse options for purchasing cryptocurrencies, Jaerv said. FDT, which was spun out of Legacy Trust in September, said the RSCN was currently in the testing phase, but a full launch is slated for sometime in May. The layer will initially be restricted to fiat and crypto assets but could be expanded to include other assets, like tokenized securities, sometime in the future, Jaerv indicated. Related Stories Few Banks Will Touch Crypto Firms, but Silvergate Wants to Touch Bitcoin Itself Nomura Launching Benchmark for Japan’s Crypto Assets', 'Bitcoin is facing an uncertain weekend of price action following a gruelling week that has seen it slump dramatically from last Thursday’s high of $10,500. At the time of writing it was trading above the $9,650 level of support after being propped up by the four-hour 200 exponential moving average (EMA). Weekend price action is typically unpredictable with low volume, which means that values could easily slide in either direction due to a lack of liquidity. A break down from the $9,650 level will bring price targets of $9,350 and $8,830 into the frame, while a break to the upside will undoubtedly cause a re-test of the psychological $10,000 level. It’s worth noting that Bitcoin has surged by more than 40% since the turn of the year as anticipation builds around May’s halving event. The halving will see block rewards for miners slashed from 12.5BTC to 6.25BTC per block, which has his **Last 60 Days of Bitcoin's Closing Prices:** [7355.63, 7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-02-21 **Financial & Commodity Data:** - Gold Closing Price: $1644.60 - Crude Oil Closing Price: $53.38 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.44 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin enthusiast were celebrating today as the world’s most dominant cryptocurrency finally edged over the $10,000 line. The psychological barrier has been within touching distance for days, but trading volume couldn’t quite give it the final push above $9,800 as it looked like BTC was preparing to slump ahead of May’s halving. However, a sudden rush of buyers in the early hours of Sunday morning gave Bitcoin enough momentum to carry it across the $10k mark and cement a leading role in what has been bullish narrative over recent weeks. Despite the golden cross a few days ago, typical volatility took hold and planted the seed of doubt in many minds where the significance of reaching double figures is not lost. The 50 exponential moving average darted over the 200 EMA to the upside for the first time since April 2019, signalling a bull dominance that looked likely to materialise on Friday. A bearish fight repeatedly held the price down but, by 2am this morning, the portents of destiny were in positive mood as BTC began to climb unchecked from $9,970. By 3am, any bearish resistance appeared to have transformed into a welcoming committee with a full $100 rise within the hour. The scene for today’s noteworthy value was set days ago. Bitcoin moved 5% upwards on Wednesday as it looked to test an apparent $9,600 level of resistance with $10,000 within sight. May’s halving is clearly a driving force behind this latest rally which has seen Bitcoin spring from $6,400 to $10,000 in under seven weeks. Bitcoin’s block reward halving will see miners accrue just 6.25 per block rather than 12.5, creating increased scarcity and, therefore, higher demand for holding digital assets. Read more about May’s halving here… https://coinrivet.com/will-the-bitcoin-halving-spur-a-bull-market/ The post Bitcoin breaks $10,000 appeared first on Coin Rivet .... - Reddit Posts (Sample): [['u/squiz1000', 'A butter and their butts easily parted', 21, '2020-02-21 00:41', 'https://www.reddit.com/r/Buttcoin/comments/f7230n/a_butter_and_their_butts_easily_parted/', 'As I have confessed on here before to actually owning a few butts and altbutts, I thought I would share a rather amusing scam that is happening at the moment.\n\nTLDR: scammers are sending altbutters actual free money (not very much)! If your average XRPbutter wonders why this manna from heaven is hitting her or his account, they get to see that there\'s even more on offer. +25% on their balance, for free! Of course, here you all know that will probably not end well...\n\n\\[link\\]\n\n\\--\n\nUPDATE: as I was typing the above a mod there nuked it:\n\n**Sorry, this post has been removed by the moderators of** r/XRP\\*\\*.\\*\\***Moderators remove posts from feeds for a variety of reasons, including keeping communities safe, civil, and true to their purpose.**\n\nHe / she couldn\'t be bothered to tell me why. You can judge if I was **damaging** the community from the below.\n\nStill think proper butters will get a smile from this one. It\'s a perfect example of how utopian dreams go bad. The complication of how this stuff works + the cheapness of running scams means it\'s so easy\n\nDeleted post below:\n\n\\--\n\nJust got a couple of unexpected transfers into an XRP wallet. Duh, WTF? After realizing that these $0.000000000whatever transfers are BS fairy dust I started to wonder what someone was up to.\n\nSo, what do you do? Try and work out what\'s going on. Most wallets offer a link to an external blockchain explorer - Exodus for instance gets you onto [https://xrpscan.com/](https://xrpscan.com/)\n\nThere I got the \'memo\':\n\n*Starting February 1st, 2020, Ripple is releasing 3 Billion XRP to incentivise network users. Get 25% more XRP added to your account balance in just minutes.* [*https://www.getripple.org*](https://www.getripple.org/)\n\nSounds good.\n\nThe URL redirects to [ripple.com](https://ripple.com/) \\- looks legit. Right branding, SSL certificate. Just need to put in some info and get some free money! You have to trust the people running the network, right?\n\nOf course, you didn\'t get [ripple.com](https://ripple.com/) you got [r**í**pple.com](https://xn--rpple-zsa.com/). But most humans are not going to see the little í instead of i.\n\nThis is a great example of a brilliant scam.\n\nCost to scammers:\n\n* a domain and a bit of programming\n* about 4 cents per thousand targets in terms of marketing costs (I work in marketing, that\'s a great deal)\n\nIf they manage to get a 0.1% conversion on the scam, that\'s 4 cents per compromised wallet. Let\'s assume people with XRP are bright and they only get 0.001% conversion from their spammy transfer, it\'s still only $4 per wallet. They only need 1 in a million wallet owners to fall for it and they will be in the money if they steal over an average of $40 from each wallet.\n\nI really don\'t want to admire what is basically theft, but this is a brilliant scam with perfect execution. Textbook.\n\nThe victim hooks themselves ("wow, it\'s free money"), voluntarily provides their keys (ignoring every piece of advice from every wallet / website in existence) and will then be confused when their balance is zero instead of balance + 25%. They will then accuse their wallet or hardware device or ripple of being insecure and want their money back.\n\nThe clever thing from the scammers here is that they get the opportunity to send their marks\' cash to a lot of different places (unlike most scams, the victim didn\'t send something to a specific address), the scammers already proved they were smart, so those tokens will rapidly get elsewhere and be untraceable.\n\nI think they are exploiting the fact that XRP works a little different to something like BTC, because the concepts around \'private keys\' and \'secrets\' work differently. That confusion (I took a look and got confused - would like to think I am \'at least\' average) is a great way to get someone to do something they shouldn\'t - remember, it\'s free cash, right!', 'https://www.reddit.com/r/Buttcoin/comments/f7230n/a_butter_and_their_butts_easily_parted/', 'f7230n', [['u/HopeFox', 19, '2020-02-21 02:11', 'https://www.reddit.com/r/Buttcoin/comments/f7230n/a_butter_and_their_butts_easily_parted/fi8sq4w/', 'It was pretty obviously a scam. The real Ripple would never need to pander to individuals, not when all of the banks are using it for international settlements all the time [citation needed]!', 'f7230n']]], ['u/jungans', 'So, what would happen to Bitcoin Cash Node should ABC devs decide to backpedal from the IFP?', 20, '2020-02-21 01:56', 'https://www.reddit.com/r/btc/comments/f733dq/so_what_would_happen_to_bitcoin_cash_node_should/', 'Title.', 'https://www.reddit.com/r/btc/comments/f733dq/so_what_would_happen_to_bitcoin_cash_node_should/', 'f733dq', [['u/discoltk', 14, '2020-02-21 03:38', 'https://www.reddit.com/r/btc/comments/f733dq/so_what_would_happen_to_bitcoin_cash_node_should/fi90kao/', "Back off and wait until his next chance to force his way through? This isn't a fluke, he makes whole presentations on how going nuclear is the right way to get things done.", 'f733dq'], ['u/jonald_fyookball', 28, '2020-02-21 04:02', 'https://www.reddit.com/r/btc/comments/f733dq/so_what_would_happen_to_bitcoin_cash_node_should/fi92qzg/', 'I suspect that even if ABC were to backpedal in the best possible way, the node project will stick around in some form. It will then be interesting discussion what role BCN will play: contingency? competing for mining share? or trying to become the new lead?', 'f733dq'], ['u/AD1AD', 16, '2020-02-21 05:32', 'https://www.reddit.com/r/btc/comments/f733dq/so_what_would_happen_to_bitcoin_cash_node_should/fi9a7d8/', 'Maybe ABC has shown bad enough judgement at this point that running and supporting Node would be a better option, regardless of whether ABC tries to backpeddle or not.', 'f733dq'], ['u/AD1AD', 15, '2020-02-21 06:04', 'https://www.reddit.com/r/btc/comments/f733dq/so_what_would_happen_to_bitcoin_cash_node_should/fi9cjs9/', 'Past contributions have no bearing on the natural consequences to bad decision making in the present.', 'f733dq'], ['u/jungans', 11, '2020-02-21 06:11', 'https://www.reddit.com/r/btc/comments/f733dq/so_what_would_happen_to_bitcoin_cash_node_should/fi9d0is/', 'I agree. Did you know Greg Maxwell made lots of great contributions to Bitcoin before he became co-founder of blockstream?', 'f733dq'], ['u/lubokkanev', 12, '2020-02-21 07:20', 'https://www.reddit.com/r/btc/comments/f733dq/so_what_would_happen_to_bitcoin_cash_node_should/fi9hg4v/', "BCH Node will be supported by these people for at lest a year. \n\nWhat ever happens to ABC I find it to be a good idea to go for some diversity and limit Amaury's power a bit, especially after this behavior.", 'f733dq'], ['u/jessquit', 13, '2020-02-21 07:23', 'https://www.reddit.com/r/btc/comments/f733dq/so_what_would_happen_to_bitcoin_cash_node_should/fi9hni1/', 'Maybe if our "lead dev" learned how to say thanks, he might hear it more often himself.', 'f733dq'], ['u/BTC_Throwaway_1', 10, '2020-02-21 07:58', 'https://www.reddit.com/r/btc/comments/f733dq/so_what_would_happen_to_bitcoin_cash_node_should/fi9jk8w/', 'It’s the ABC implementation with a simple revert of the IFP code. \n\nIf ABC were to revert the code too they could simply keep mirroring the project in case it happens again. \n\nIt was created to simply revert the controversy.', 'f733dq']]], ['u/AutoModerator', '[Daily Discussion] Friday, February 21, 2020', 47, '2020-02-21 05:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/f75jur/daily_discussion_friday_february_21_2020/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas &amp; 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**Other ways to interact:**\n\n* [Get an invite](https://join.slack.com/t/reddit-bitcoinmarkets/shared_invite/enQtNjM1NTg3ODgwODUzLTQ2NjZjYjYxMWExZmZmMWY0MDNlN2JlM2RhZmM0NWY1YzY1MDlkOTMyNWFjNTZjYTg1ZDM2YmEwMWRkZjIwYjM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)\n* Set your flair to trade pretend money in [the Flair Game](https://coinsight.org/flairgame)\n* Weekly threads: [Newbie Mondays](http://www.reddit.com/r/BitcoinMarkets/search?q=newbie+monday&amp;sort=new&amp;restrict_sr=on&amp;t=all) and [Fundamentals Fridays](http://www.reddit.com/r/BitcoinMarkets/search?q=fundamentals+friday&amp;sort=new&amp;restrict_sr=on&amp;t=all)\n* Altcoins Discussion: [Altcoin Discussion](http://www.reddit.com/r/BitcoinMarkets/search?q=altcoin+discussion&amp;sort=new&amp;restrict_sr=on&amp;t=all)", 'https://www.reddit.com/r/BitcoinMarkets/comments/f75jur/daily_discussion_friday_february_21_2020/', 'f75jur', [['u/ARRRBEEE', 34, '2020-02-21 06:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/f75jur/daily_discussion_friday_february_21_2020/fi9dnff/', 'Weird flex, but ok.', 'f75jur'], ['u/andyman268', 20, '2020-02-21 07:01', 'https://www.reddit.com/r/BitcoinMarkets/comments/f75jur/daily_discussion_friday_february_21_2020/fi9gciz/', 'Ok Boomer.', 'f75jur'], ['u/Buckyboycoin', 10, '2020-02-21 08:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/f75jur/daily_discussion_friday_february_21_2020/fi9kjt9/', "&gt;Hit me up with those downvotes\n\nSo that's the new Trend?. Each messages end with this....\n\nHit me with up or down votes......Silly", 'f75jur'], ['u/GenghisKhanSpermShot', 20, '2020-02-21 08:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/f75jur/daily_discussion_friday_february_21_2020/fi9l1bj/', 'BTC really in a [free fall](https://www.tradingview.com/x/cNYzKJ1A/) for months now\... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46, 8599.51, 8562.45, 8869.67
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:** ['Michael Casey is chief content officer at CoinDesk. The following is part of “The Token Economy,” an essay in Alex Tapscott’s new book “ The Financial Services Revolution .” Blockchain technology, and the cryptocurrencies, tokens and other digital assets it has engendered, may be moving us toward a model of programmable money that incorporates an automated internal governance of common resources and encourages collaboration among communities. Digital scarcity, when applied to these tokens, treats our increasingly digitized economy differently from the pre-digital one. It raises the possibility that our money itself becomes the tool for achieving common outcomes. Developers of new decentralized applications are tokenizing all manner of resources – electricity and bandwidth, for example, but also human qualities such as audience attention for online content or fact-checkers’ honesty. Whereas media coverage has focused on the billions of dollars these token issuers have raised, it’s the radical new economic design that promises a lasting impact on society. Once a community associates scarce tokens with rights to these resources, it can develop controls over token usage that help manage public goods. It’s dynamic money whose role extends beyond that of a unit of exchange, money that’s direct tool for achieving community objectives. Related: China Has Many Strategic Reasons to Invest in Blockchain Throughout 2016 and the first eight months of 2017, developers of decentralized software applications raised almost more than $1.6 billion via a new tool dubbed the ICO [initial coin offering] that was first launched in early 2014. By late July 2017, secondary-market trading in the tokens they’d issued had given the pool of cryptocurrencies, cryptocommodities, and cryptotokens to which they belonged a combined value of $95.6 billion, up from $7 billion at the start of 2016. We may be moving toward a model of programmable money that can deliver a more automated system of internal governance over common resources. Story continues The phenomenon has made many developers and cryptocurrency enthusiasts very rich and revealed a new crowdfunding model that some see as a threat to Silicon Valley’s venture capitalists. Skeptics, on the other hand, make comparisons to the South Sea Bubble, in which shares in an 18th-century British trading company rose rapidly on hype and speculation, only to collapse when the returns didn’t live up to the hype. A chasm has emerged between those who see a game-changing shift, not only in fundraising activity but also in economic strategy, and those who warn of reckless ICO scams and of an impending regulatory crackdown. Both deserve to be considered. If token fans are right, something quite profound is at stake: a new economic system that challenges the basic tenets of 20th century capitalism. These negotiable tokens blur the lines involving “product,” “currency,” and “equity.” In theory, their in-built software can regulate how users behave with each other so that computer owners can trade excess storage across a decentralized network, for example, or social media users can earn income for their content and attention. They combine self-interest and market pricing signals with a governance system that protects a common good. Related: In Defense of Justin Sun For tokens to be viable, however, we need a major overhaul of our auditing processes and commercial regulations to keep issuers honest. If those goals can be met, this emerging token economy offers society an entirely new paradigm of money and value exchange. A solution to the ‘Tragedy of the Commons’? In his influential essay, “Tragedy of the Commons,” about 19th century farmers grazing their cows on common land, the ecologist Garrett Hardin posited that communities that depend on a shared, unregulated resource will ultimately deplete it as individuals are incentivized to pursue self-interest to the detriment of the common good. Hardin recognized a coordination problem caused by a lack of trust, where well-meaning actors can’t avoid overusing a common resource due to their concern that others might “free-ride” on their goodwill. Ever since that 1968 essay, the word “commons” has come to refer not just to natural resources such as land, water and food supplies, but also human-created resources such as public infrastructure and even intangible concepts such as free speech. It is now used frequently in the context of designing policies to ensure free, public access to those resources. Over the years, Hardin’s thesis has been used to justify the role of external governance – that is, the state – in regulating and protecting scarce resources that constitute a public good. Yet, more recently, some economists have demonstrated his rather cynical view of human nature doesn’t always hold true. In particular, the late Elinor Ostrom, who won a Nobel Prize in 2009 for her work studying how fishermen in Maine self-organized to develop ingrained norms of behavior that helped protect the region’s lobster fishery, argued that various communities have proven capable of coming up with effective internal governance to manage resources. However, while there are many instances of such common-interest practices around the world, their success relies more on art than science. Internal governance is often contingent on common cultural practices and close personal ties within a community. Developing a universal model for internal governance has been challenging, especially within the many micro-economic settings in which it is difficult to identify and practically regulate misuse of the common resource. Now, with the advent of blockchain technology and the cryptocurrencies, crypto tokens and other digital assets that it has engendered, we may be moving toward a model of programmable money that can deliver a more automated system of internal governance over common resources. Once a community incorporates programmable software into its shared medium of exchange, it can embed usage rules straight into the monetary unit itself. We can use it for some transactions but not for others, and we can program its value to rise in concert with proof of an improvement in the state of the public resource. Tokens thus offer a way to codify into money itself a function that executes the community’s expectations regarding people’s distinct rights to common property and the associated obligations that come with those. According to Ostrom’s and Schlager’s taxonomy, these may include distinct rights of access, withdrawal, management, exclusion and alienation. If we can capture these quasi-legal notions in a token it becomes a meta-asset, a thing of value that is simultaneously a governance vehicle. It’s money with a dynamic use that extends beyond its role as a stable and exchangeable unit of value, to a direct means of achieving community objectives. The great promise of the token economy is that it might solve the “Tragedy of the Commons.” What bitcoin wrought Both the enthusiasm for meta-asset investing [in the ICO boom] and their potential to tackle the “Tragedy of the Commons” can be traced to bitcoin (BTC), the very first crypto token. Not only did this invention turn the imagination of thousands of developers toward designing applications for a decentralized, dis-intermediated economic future, it also established a precedent for the software-driven internal governance of a scarce public resource. In coming up with the blockchain, a distributed public ledger that a community of currency users could share as their record of the truth, bitcoin’s pseudonymous founder, Satoshi Nakamoto, created a public good, a commons in need of protection. Its integrity had to be assured despite the possibility that individual validators of that ledger, known as bitcoin miners, might be incentivized to act maliciously and enter false data that would allow them to “double-spend” their bitcoin balances – in other words, to engage in digital counterfeiting. There was no centralized authority to keep all the actors honest, no external governance, which had been the failure point for all prior attempts to create a decentralized currency with no centralized authority in charge. Without such an authority, a permissionless ledger that did not require identification of the user was always vulnerable to these abuses. Like the cattle herders on the commons, individual actors could not trust other people to act honestly. Satoshi Nakamoto beat this limitation. By embedding a unique set of software-driven rules into the bitcoin protocol, he incentivized the otherwise unidentified participants in the network to maintain the ledger’s integrity for the good of the whole while simultaneously seeking profits out of self-interest. The key was a special proof-of-work (PoW) algorithm that compelled miners to perform an electricity-burning computation task before they could earn the right to receive bitcoin rewards. That “skin in the game” made it prohibitively expensive to take over the network and doctor the results. It incentivized them to come to a consensus on a truthful ledger with all the other miners. It was a unique marriage of self and common interest. With it, Nakamoto achieved something remarkable: he solved the Tragedy of the Commons. In addition to its PoW consensus system, which compels even unidentifiable rogue players to act honestly, there’s another powerful idea behind bitcoin that has helped frame new ideas around how crypto tokens can help communities manage common resources: that of “digital assets.” Because PoW assures the integrity of the (uppercase B) Bitcoin ledger and protects against double-spending of (lowercase b) bitcoin currency, each unit of that currency can be treated as a unique item. For the first time, we have a form of digital value that cannot be replicated – unlike a Word document, an MP3 song, a video, or any other software vehicle for transmitting value that pre-existed bitcoin. **Last 60 Days of Bitcoin's Closing Prices:** [7322.53, 7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-02-22 **Financial & Commodity Data:** - Gold Closing Price: $1644.60 - Crude Oil Closing Price: $53.38 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.43 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin surged with a stunning 5% rally to the upside on Wednesday, going on to test the $9,650 level of resistance as it looks to build momentum before setting its sights on the psychological $10,000 price target. It has since been flirting with a breakout following yesterday evening’s daily candle close, which provided the first marginal higher high since it shot to $14,000 in June. After rallying to its yearly high, Bitcoin slumped into a bearish market trend with four consecutive lower highs at $13,200, $12,400, $11,000 and $10,300. This resulted in an eventual decline towards December’s local low of $6,410, which coincidentally came exactly two years after Bitcoin achieved its all-time high of $20,000. If Bitcoin can continue to rally over the weekend it will almost certainly test the psychological level of $10,000. A break above here would see the world’s largest cryptocurrency establish a truly bullish trend with upside targets emerging above $11,300. One key technical aspect from the past week is that a golden cross has come into fruition on the daily chart, with the 50 EMA crossing the 200 EMA to the upside. The previous time this happened was in April 2019 when Bitcoin was trading at $4,800, it went on to rise by 195% in the following two months. Eyes on halving The recent rally, which has seen Bitcoin skyrocket from $6,400 to $9,700 in six weeks, has been attributed to the upcoming halving event. Bitcoin’s block reward halving will commence in May, with miners seeing rewards for each block slashed from 12.5 to 6.25. This has historically caused a tremendous upswing in the price of Bitcoin and other cryptocurrencies as miners are incentivised to hold rewards, thus reducing supply amid rising demand. Miners also need to ensure the price of Bitcoin trades at a level where the industry remains profitable in order to cover overheads like staff, equipment and electricity. With just three months to go until the halving the price of Bitcoin is predicted to keep rising as anticipation mounts from early adopters and hopeful new investors. Story continues Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. Pricing Current live Bitcoin pricing information and interactive charts are available on our site 24 hours a day. The ticker bar at the bottom of every page on our site has the latest Bitcoin price. Pricing is also available in a range of different currency equivalents: US Dollar – BTCtoUSD British Pound Sterling – BTCtoGBP Japanese Yen – BTCtoJPY Euro – BTCtoEUR Australian Dollar – BTCtoAUD Russian Rouble – BTCtoRUB About Bitcoin In August 2008, the domain name bitcoin.org was registered. On 31st October 2008, a paper was published called “Bitcoin: A Peer-to-Peer Electronic Cash System”. This was authored by Satoshi Nakamoto, the inventor of Bitcoin. To date, no one knows who this person, or people, are. The paper outlined a method of using a P2P network for electronic transactions without “relying on trust”. On January 3 2009, the Bitcoin network came into existence. Nakamoto mined block number “0” (or the “genesis block”), which had a reward of 50 Bitcoins. More Bitcoin news and information If you want to find out more information about BTC or cryptocurrencies in general, then use the search box at the top of this page. Here’s an article to get you started. As with any investment, it pays to do some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. This page is not recommending a particular currency or whether you should invest or not. The post Bitcoin takes aim at $10,000 as golden cross comes into effect appeared first on Coin Rivet .... - Reddit Posts (Sample): [['u/MementoMol7i', '[Event] 🌀Onmyoji 2nd Anniversary Summon event!🔥', 35, '2020-02-22 00:20', 'https://www.reddit.com/r/Onmyoji/comments/f7jnn5/event_onmyoji_2nd_anniversary_summon_event/', '🌀Onmyoji 2nd Anniversary Summon event!🔥\n\n⏰Assembly period: February 24th, 00:00 A.M. PST – February 25th, 11:59 P.M. EST \n⏰Summon period: After the update on February 26th – March 10th, 11:59 P.M. EST\n\n🔶Event details: \n⭐All SP/SSR Shikigami 2.5 x chance up⭐\n\n⭐Uncollected SP/SSR Shikigami⭐\n\n⭐SSR Kidomaru specific chance up⭐\n\n⭐Blessed Amulet chance up⭐ \n\\- Get a chance to summon a blessed amulet that grants you a self-selected SP/SSR!\n\n⭐Stage Rewards⭐ \n\\- During the event, when the number of summons reaches a certain amount, players can receive corresponding stage rewards, including Mystery Amulets, Skill Daruma, Skin Tokens, Jade, “SR Choice” etc.\n\n❗❗Note: \n\\- The summon events above only apply to players who are level 15 or higher. \n\\- After a player has summoned 3 SP or SSR Shikigami during the event, the appearance rate will revert back to normal. \n\\- Only Shikigami that are lit up in the SSR Shikigami Collection will be counted for completion. (Ryomen and Crossover Characters excluded) \n\\- For event details, please refer to the in-game information.\n\n[\\#Onmyoji2ndAnniversary](https://www.facebook.com/hashtag/onmyoji2ndanniversary?source=feed_text&amp;epa=HASHTAG&amp;__xts__%5B0%5D=68.ARB_JizJOSwOPwGWBmTAZJKwIK0bhfKWo4myQHfCbwcc4h7LNlSn4tQDpoIXx0U9Q1XaI5Cjsu_U2Ue5aG6YmYCxsRtrQENE9F4bAxXjp9drKF_-e2eyFMwsXkA5NHxIFRgd2kbud0XoUwDeIpHJn-ZugBRgUAh0Qc5bwhQ8nrkmrQJTf-6ugxMigyV4EnUl8aXrqdcyN7HF5fStYSyiD647crF6Gp36IetARxkK9u6F5pgPv4e15rJ9F_7yUzq6iLJVLdrWty4Ye-GNum1aPqaHb_bf9E0H02tT1sAaNTvYaPiZQsbtcd9Cx7eUo3EGP-Bwg1JRAJOQYwQmSSu3LXU&amp;__tn__=%2ANK-R)\n\n&amp;#x200B;\n\nhttps://preview.redd.it/uobrh9vj1di41.jpg?width=2048&amp;format=pjpg&amp;auto=webp&amp;s=882c84acbd757510c8d4f7c38131c6d3725bdc65', 'https://www.reddit.com/r/Onmyoji/comments/f7jnn5/event_onmyoji_2nd_anniversary_summon_event/', 'f7jnn5', [['u/MementoMol7i', 10, '2020-02-22 00:21', 'https://www.reddit.com/r/Onmyoji/comments/f7jnn5/event_onmyoji_2nd_anniversary_summon_event/fibpsxi/', 'Note these times please..\n\n⏰Assembly period: February 24th, 00:00 A.M. PST – February 25th, 11:59 P.M. EST\n\n⏰Summon period: After the update on February 26th – March 10th, 11:59 P.M. EST\n\nAssembly period is first "DO NOT" Summon during this period there will be no chance up until the Summon period.', 'f7jnn5'], ['u/Pixelsummoner', 16, '2020-02-22 00:35', 'https://www.reddit.com/r/Onmyoji/comments/f7jnn5/event_onmyoji_2nd_anniversary_summon_event/fibr27m/', "Now that's an event to go ham on. Uncollected *and* selectable drops on top of the normal rate ups is real nice.", 'f7jnn5']]], ['u/theolivebranchy', 'What is the bull case for Ethereum?', 16, '2020-02-22 01:14', 'https://www.reddit.com/r/ethtrader/comments/f7ketc/what_is_the_bull_case_for_ethereum/', 'I’ve read some analysis (and some some of my on) on the bull case for Bitcoin. For example, one could argue Bitcoin is a better gold, and if it replaces gold, that would value each bitcoin ~ 400k USD (more info at https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-6ecc8bdecc1)\n\nI’ve not been able to find any similar analysis for Ethereum. Does anyone know of an analysis, or have one of their own? What is a medium, and what is a strong, bull case for Ethereum?', 'https://www.reddit.com/r/ethtrader/comments/f7ketc/what_is_the_bull_case_for_ethereum/', 'f7ketc', [['u/amoebanomaly', 14, '2020-02-22 02:52', 'https://www.reddit.com/r/ethtrader/comments/f7ketc/what_is_the_bull_case_for_ethereum/fic30bh/', 'The two things that draw me to Ethereum are that it has the developer mindshare and it is the chain of choice for smart contracts. Because I feel the implications of smart contracts are very real and very serious, as long as these two things remain true I will continue to be invested in Ethereum.', 'f7ketc']]], ['u/ErdoganTalk', 'The development fund', 30, '2020-02-22 01:38', 'https://www.reddit.com/r/btc/comments/f7kqhc/the_development_fund/', 'The development fund diverts funds that are supposed to go towards mining, to something else. The funds are not paid by the miners, but everyone holding some amount of Bitcoin Cash\n\nHowever these funds are distributed, it will form an organisazion where parasites will elbow themselves in, and the funds will enable them to steer the future direction of the money system.\n\nThis is exactly what we want to avoid, and why bitcoin was started in the beginning, as an alternative to current money systems.', 'https://www.reddit.com/r/btc/comments/f7kqhc/the_development_fund/', 'f7kqhc', [['u/ErdoganTalk', 10, '2020-02-22 01:39', 'https://www.reddit.com/r/btc/comments/f7kqhc/the_development_fund/fibwre6/', "After seeing the development meeting from two days ago, it is clear that the involved people don't understand where the money is coming from.", 'f7kqhc'], ['u/emergent_reasons', 17, '2020-02-22 02:20', 'https://www.reddit.com/r/btc/comments/f7kqhc/the_development_fund/fic0as8/', '&gt; However these funds are distributed, it will form an organisazion where parasites will elbow themselves in, and the funds will enable them to steer the future direction of the money system.\n\nTo steel man this a bit, even if you assume that the members of this group remain highly ethical, they will be limited in number and exposed to pressure from regional powers. Good intentions are not enough for BCH to remain permissionless.', 'f7kqhc'], ['u/ErdoganTalk', 10, '2020-02-22 02:31', 'https://www.reddit.com/r/btc/comments/f7kqhc/the_development_fund/fic1932/', 'Right', 'f7kqhc'], ['u/shadowofashadow', 10, '2020-02-22 03:49', 'https://www.reddit.com/r/btc/comments/f7kqhc/the_development_fund/fic7thj/', "Yeah I feel the same way. It just doesn't seem to be in the spirit of the tech.\n\nWhy not a marketplace where people can crowdsource bounties for the features they want, or devs can make proposals and people can donate? That's what this community is about.", 'f7kqhc'], ['u/NilacTheGrim', 13, '2020-02-22 10:51', 'https://www.reddit.com/r/btc/comments/f7kqhc/the_development_fund/fidbtav/', "Plus there's no real accountability. Plus it was pushed through at the last minute with 0 discussion. Even the IFP cosigners are against it.", 'f7kqhc']]], ['u/zeptochain', 'Q: Why do people continually try to fuck up Bitcoin?', 30, '2020-02-22 01:45', 'https://www.reddit.com/r/btc/comments/f7ktzw/q_why_do_people_continually_try_to_fuck_up_bitcoin/', 'A: Short term reward in fiat.', 'https://www.reddit.com/r/btc/comments/f7ktzw/q_why_do_people_continually_try_to_fuck_up_bitcoin/', 'f7ktzw', [['u/Capt_Roger_Murdock', 12, '2020-02-22 01:54', 'https://www.reddit.com/r/btc/comments/f7ktzw/q_why_do_people_continually_try_to_fuck_up_bitcoin/fiby2ck/', 'Why does it continually work?', 'f7ktzw'], ['u/paoloaga', 13, '2020-02-22 05:16', 'https://www.reddit.com/r/btc/comments/f7ktzw/q_why_do_people_continually_try_to_fuck_up_bitcoin/ficerwk/', 'A: Because it works and it will replace fiat.', 'f7ktzw']]], ['u/MobTwo', 'In Crisis, There Is Opportunity.', 58, '2020-02-22 01:47', 'https://www.reddit.com/r/btc/comments/f7kur9/in_crisis_there_is_opportunity/', "I hope by writing this, it will be somewhat helpful to the Bitcoin Cash community. The IFP, for good or bad, for anyone observing closely, is telling us so many things. There is a saying in Chinese, “In crisis, there are opportunities.”\n\nAnd indeed, during this IFP crisis, there are so many opportunities.\n\nI have always thought of Bitcoin Cash as the people’s money and during this crisis, I was not disappointed. The people are willing to band together and resist when they feel Bitcoin Cash is moving in a different direction than what they expected. You don’t have this in BTC because BTC is entirely centralized by Blockstream. This incident is a great opportunity to show the world that Bitcoin Cash is as decentralized as can be compared to other cryptocurrencies.\n\nEven better, the passion from the Bitcoin Cash community has been overwhelming. This is a great signal for a cryptocurrency, particularly because the value of a cryptocurrency is strongly driven by its community. I think there is saying in tech startup like, “It’s better to have 100 loyal customers than 1000 ordinary customers.”\n\nDuring crisis, there are opportunities and during this month, we can see some people stepping up and taking responsibilities to fix the crisis. That is super amazing. It means people care about Bitcoin Cash more than we think. What you want in times of crisis are leaders who would think, “Ok, although I didn’t cause this problem, but I am taking responsibility to fix it anyway”. These are the type of things that highly productive people do and it’s great to have them in the Bitcoin Cash community.\n\nAt the same time, there were some things that I should have said earlier, but I didn’t. Before the situation even escalated to the IFP, I knew ABC needed funding and I suggested to Amaury that he doesn’t need to pay me anything, I can voluntarily help find a VC for them to solve their financial situation. However, the VC would likely expect some things in return. Amaury told me that by doing that, ABC would be no different from Blockstream and he doesn’t want to go down that route.\n\nI do not think Amaury is a bad person, just like I would like to think that Peter Rizun and Andrew Stone are decent folks as well. Jonald is also a great person. Actually, there are lots of good talented people in the Bitcoin Cash ecosystem, which was what attracted me to Bitcoin Cash in the first place. I think we need to recognize that we are playing in the same team and it is not productive for us to make false accusations against someone else in the heat of the moment. For an outsider, such false accusations won’t just look bad on both parties, but it also looks bad ... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46, 8599.51, 8562.45, 8869.67, 8787.79
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 fell by 0.31% on Saturday. Partially reversing a 0.87% gain from Friday, Bitcoin ended the day at $9,663.0.\nA bearish start to the day saw Bitcoin slide from an early intraday high $9,719.9 to a mid-morning intraday low $9,565.1.\nSteering clear of the major resistance levels, Bitcoin fell through the first major support level at $9,586.37.\nFinding support through the rest of the day, however, Bitcoin bounced back to $9,700 levels before easing back at the day end.\nThe near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, with Bitcoin struggling to break out from $10,000 levels.\nFor the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.\nAcross the rest of the top 10 cryptos, it was another mixed day for the crypto majors.\nTezos led the way down on Saturday, sliding by 5.11%.\nBitcoin Cash ABC (-1.59%), Bitcoin Cash SV (-3.29%), Ethereum (-1.40%), Monero’s XMR (-1.62%), and Stellar’s Lumen (-1.53%) also saw relatively heavy losses.\nBinance Coin (-0.99%), Cardano’s ADA (-0.61%), and Tron’s TRX (-0.41%) saw modest losses on the day.\nEOS (+1.80%), Litecoin (+1.99%), and Ripple’s XRP (+0.36%) bucked the trend on the day.\nThrough the current week, the crypto total market cap fell to a low $273.33bn before hitting a Thursday high $297.79bn. On Thursday, the market cap fell back to sub-$275bn levels before support kicked in. At the time of writing, the total market cap stood at $282.49bn.\nBitcoin’s dominance held steady late in the week. At the time of writing, Bitcoin’s dominance stood at 62.8%, up from a current week low 62.02% from Wednesday.\nTrading volumes continued to ease back from $196bn levels seen on Monday. At the time of writing, 24-hr volumes stood at $126.13bn.\nAt the time of writing, Bitcoin was up by 1.42% to $9,799.9. A bullish start to the day saw Bitcoin rise from an early morning low $9,660.0 to a high $9,824.5.\nSteering clear of the major support levels, Bitcoin broke through the first major resistance level at $9,732.97 and second major resistance level at $9,802.93.\nElsewhere, it’s been a bullish start to the day for the majors.\nTezos led the way early on, rallying by 4.60%, with Tron’s TRX up by 3.26%\nBitcoin would need to move back through to $9,800 levels to bring the third major resistance level at $9,956.83 back into play.\nSupport from the broader market would be needed, however, for Bitcoin to break out from the second major resistance level.\nBarring an extended crypto rally, the second major resistance level at $9,802.93 would likely continue to cap any upside.\nIn the event of another breakout, Bitcoin could eye a return to $10,000 levels.\nFailure to move back through to $9,800 levels could see Bitcoin fall hit reverse.\nA fall through the morning low $9,660.0 would bring the first major support level at $9,579.07 into play.\nBarring a crypto sell-off, Bitcoin should steer clear of sub-$9,500 and the second major support level at $9,495.13.\nThisarticlewas originally posted on FX Empire\n• Natural Gas (NG) Futures Technical Analysis – Weakens Under $1.926, Strengthens Over $1.949\n• E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Next Downside Target Zone 9344.25 to 9245.50\n• S&P 500 Weekly Price Forecast – Stock Market Prints Negative Candle\n• The Weekly Wrap – U.S PMIs and the Coronavirus Drive Risk Aversion\n• USD/JPY Fundamental Daily Forecast – Coronavirus Driving Japan’s Economy to Recession\n• Natural Gas Price Prediction – Prices Slip but Close up Nearly 4% for the Week', 'Bitcoin fell by 0.31% on Saturday. Partially reversing a 0.87% gain from Friday, Bitcoin ended the day at $9,663.0. A bearish start to the day saw Bitcoin slide from an early intraday high $9,719.9 to a mid-morning intraday low $9,565.1. Steering clear of the major resistance levels, Bitcoin fell through the first major support level at $9,586.37. Finding support through the rest of the day, however, Bitcoin bounced back to $9,700 levels before easing back at the day end. The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, with Bitcoin struggling to break out from $10,000 levels. For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the top 10 cryptos, it was another mixed day for the crypto majors. Tezos led the way down on Saturday, sliding by 5.11%. Bitcoin Cash ABC (-1.59%), Bitcoin Cash SV (-3.29%), Ethereum (-1.40%), Monero’s XMR (-1.62%), and Stellar’s Lumen (-1.53%) also saw relatively heavy losses. Binance Coin (-0.99%), Cardano’s ADA (-0.61%), and Tron’s TRX (-0.41%) saw modest losses on the day. EOS (+1.80%), Litecoin (+1.99%), and Ripple’s XRP (+0.36%) bucked the trend on the day. Through the current week, the crypto total market cap fell to a low $273.33bn before hitting a Thursday high $297.79bn. On Thursday, the market cap fell back to sub-$275bn levels before support kicked in. At the time of writing, the total market cap stood at $282.49bn. Bitcoin’s dominance held steady late in the week. At the time of writing, Bitcoin’s dominance stood at 62.8%, up from a current week low 62.02% from Wednesday. Trading volumes continued to ease back from $196bn levels seen on Monday. At the time of writing, 24-hr volumes stood at $126.13bn. This Morning At the time of writing, Bitcoin was up by 1.42% to $9,799.9. A bullish start to the day saw Bitcoin rise from an early morning low $9,660.0 to a high $9,824.5. Story continues Steering clear of the major support levels, Bitcoin broke through the first major resistance level at $9,732.97 and second major resistance level at $9,802.93. Elsewhere, it’s been a bullish start to the day for the majors. Tezos led the way early on, rallying by 4.60%, with Tron’s TRX up by 3.26% For the Bitcoin Day Ahead Bitcoin would need to move back through to $9,800 levels to bring the third major resistance level at $9,956.83 back into play. Support from the broader market would be needed, however, for Bitcoin to break out from the second major resistance level. Barring an extended crypto rally, the second major resistance level at $9,802.93 would likely continue to cap any upside. In the event of another breakout, Bitcoin could eye a return to $10,000 levels. Failure to move back through to $9,800 levels could see Bitcoin fall hit reverse. A fall through the morning low $9,660.0 would bring the first major support level at $9,579.07 into play. Barring a crypto sell-off, Bitcoin should steer clear of sub-$9,500 and the second major support level at $9,495.13. This article was originally posted on FX Empire More From FXEMPIRE: Natural Gas (NG) Futures Technical Analysis – Weakens Under $1.926, Strengthens Over $1.949 E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Next Downside Target Zone 9344.25 to 9245.50 S&P 500 Weekly Price Forecast – Stock Market Prints Negative Candle The Weekly Wrap – U.S PMIs and the Coronavirus Drive Risk Aversion USD/JPY Fundamental Daily Forecast – Coronavirus Driving Japan’s Economy to Recession Natural Gas Price Prediction – Prices Slip but Close up Nearly 4% for the Week', "Insider buying can be an encouraging signal for potential investors. Elon Musk was among those taking advantage of a share offering. A director bucked the selling trend at a biotech company as well. Conventional wisdom says that insiders and 10% owners really only buy shares of a company for one reason -- they believe the stock price will rise and they want to profit from it. So insider buying can be an encouraging signal for potential investors, particularly during periods of uncertainty. Here are a few of significant insider purchases reported last week. Also note that with earnings season winding down, buy windows for many insiders are open again. Tesla Tesla Inc (NYSE: TSLA ) CEO Elon Musk took advantage of the recent secondary offering. Via trust, he picked up more than 13,000 shares of this electric vehicle maker at $767.00 apiece. That cost him just shy $10 million. Another director bought 1,250 shares as well. Tesla stock has been on a tear so far this year, hitting new all-time highs. The share price was last seen at $901, well above Musk's purchase price. Note that the posted consensus analyst price target is less than $490. The consensus recommendation is to hold shares, and it has been since before the beginning of 2020. Enterprise Products Partners An Enterprise Products Partners L.P. (NYSE: EPD ) director returned to purchase 200,000 more shares of this midstream energy services provider via trust last week. At $25.71 to $26.33 per share, that totaled more than $5.19 million. That director has bought 850,000 shares so far this month. The Houston-based company posted disappointing quarterly results at the end of January. The stock is only up about 1% so far this month but still more than 7% lower year to date. Analysts recommend buying the shares, and the consensus target price suggests 32% or so upside from the most recent close. Moderna A director at Moderna Inc (NYSE: MRNA ) purchased more than 52,600 shares last week via trust. At $19.00 per share, that cost the director nearly $1.00 million. Note that the CEO and the president of the clinical-stage biotechnology company both were selling shares last week. This vaccine-developer just received an important FDA approval for its Zika treatment . Shares have retreated more than 5% year to date and ended the week less than a dollar below the director's purchase price. The consensus price target suggests there is more than 62% upside in Moderna stock. See also: Benzinga's Bulls And Bears Of The Week: Merck, Nike, Tesla And More In addition, there was some insider purchasing last week at Bunge Ltd (NYSE: BG ), Meredith Corporation (NYSE: MDP ) and NextEra Energy Inc (NYSE: NEE ). Story continues See more from Benzinga Notable Insider Buys Last Week: Enterprise P **Last 60 Days of Bitcoin's Closing Prices:** [7275.16, 7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-02-23 **Financial & Commodity Data:** - Gold Closing Price: $1644.60 - Crude Oil Closing Price: $53.38 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.46 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Privacy is a hot topic for legislators all over the world. Democractic presidential candidates have privacy laws and regulations in their campaign platforms. Amy Klobuchar discussed a tax on companies who share user data. Elizabeth Warren has introduced legislation that considers the idea of jail time for CEOs over privacy failures. Before he dropped out of the race, John Delaney proposed the U.S. adopt a law similar to the California Consumer Privacy Act , which gives greater agency to consumers when it comes to limiting companies collecting of their data. Voters are demanding action. A recent poll from Morning Consult found that 79 percent of registered voters said Congress should pursue a bill to better protect the online data of consumers, while 65 percent called data privacy one of the biggest issues facing society. Related: When Corporations Violate Privacy, They Do Concrete Harm The European Union, 27 member states with the loss of the UK, enacted the General Data Protection Regulation ( GDPR ), enshrining the idea that people have control over personal data. California recently enacted its own privacy law, the California Consumer Privacy Act (CCPA), which goes into effect January 1. The law empowers California consumers to know when private companies collect, share or sell their data and to stop that sale if necessary. It applies to companies with annual gross revenue of more than $25 million or that possess information on 50,000 or more consumers. But laws can have unintended consequences. Sometimes the very laws meant to enforce privacy can result in companies nevertheless sharing it. GDPR opens up a way of crooks to impersonate people and get their data from companies. A year after GDPR went into effect, researchers in the EU showed how it’s easy to access personal data from companies. “This isn’t a problem with the law itself, but instead with the companies and organizations implementing it,” Mariano Di Martino, one of the researchers, who is a PhD student as Hasselt University in Belgium, told CoinDesk in an interview. “This may be because of budgetary constraints or maybe it’s because they don’t understand the risks of this data.” Story continues Related: US DOJ Calls Bitcoin Mixing ‘a Crime’ in Arrest of Software Developer One group used publicly available information, such as names, emails, and phone numbers, in addition to more complicated methods to request information on their research partners from 55 companies under GDPR. One of these complex methods for obtaining the data included replacing the name, birth date and photo on the image of an ID to reflect the person whose information the researchers wanted. Of those 55 companies, 15 companies gave up sensitive personal information to the researchers. Four companies never responded to their data requests, in clear violation of GDPR. This isn’t a problem with the law itself, but instead with the companies and organizations implementing it. The information they gathered included financial companies giving up details such as ID card numbers, a list of timestamped financial transactions, customer IDs, telephone numbers and place of birth, and transportation and logistic companies releasing locations people visited in the past as well as routes they’d saved. Another team of researchers in the EU found similar issues when one requested information on his research partner and the research partner’s wife using a spoofed email account that was a variation on the name of the wife. About a quarter of the 150 companies and organizations they contacted gave up sensitive personal information without verifying the identity of the requester. The information given to him included everything from her social security number to her high school grades and various account passwords. As the CCPA goes into effect, it’s possible we may see similar issues. The GDPR research illustrates that privacy laws may only be as good as the companies affected by them. Which is scary. These leaks have real world implications. “Say I was trying to stalk someone, and I want to learn more about them,” says Di Martino. “I might send a data request to a company that provides taxi or bus services and try to get all the routes or GPS locations where this person has been. And it could work.” Related Stories The US Government’s Mixed Signals on Digital Currency Privacy EFF Defends Ex-Kraken Employee’s Right to Post Anonymously About Company... - 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.
9650.17, 9341.71, 8820.52, 8784.49, 8672.46, 8599.51, 8562.45, 8869.67, 8787.79, 8755.25
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ["Investing.com - Ethereum rose above the $267.16 threshold on Monday. Ethereum was trading at 267.16 by 02:39 (07:39 GMT) on the Investing.com Index, up 1.49% on the day. It was the largest one-day percentage gain since February 24.\nThe move upwards pushed Ethereum's market cap up to $29.29B, or 10.17% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $135.58B.\nEthereum had traded in a range of $264.40 to $276.81 in the previous twenty-four hours.\nOver the past seven days, Ethereum has seen a rise in value, as it gained 6.61%. The volume of Ethereum traded in the twenty-four hours to time of writing was $19.74B or 13.82% of the total volume of all cryptocurrencies. It has traded in a range of $246.4631 to $285.7459 in the past 7 days.\nAt its current price, Ethereum is still down 81.23% from its all-time high of $1,423.20 set on January 13, 2018.\nBitcoin was last at $9,745.2 on the Investing.com Index, down 1.43% on the day.\nXRP was trading at $0.27293 on the Investing.com Index, a loss of 3.61%.\nBitcoin's market cap was last at $176.91B or 61.43% of the total cryptocurrency market cap, while XRP's market cap totaled $11.94B or 4.15% of the total cryptocurrency market value.\nRelated Articles\nJapan the Next Country to Mint a Digital Currency?\nBitcoin’s Bullish Battle, Ethereum 2.0, BCH Faces ‘Slow Death’: Hodler’s Digest, Feb. 17–23\nHow Traders Can Use Twitter to Anticipate Bitcoin Price Moves, Volume", "Investing.com - Ethereum rose above the $267.16 threshold on Monday. Ethereum was trading at 267.16 by 02:39 (07:39 GMT) on the Investing.com Index, up 1.49% on the day. It was the largest one-day percentage gain since February 24. The move upwards pushed Ethereum's market cap up to $29.29B, or 10.17% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $135.58B. Ethereum had traded in a range of $264.40 to $276.81 in the previous twenty-four hours. Over the past seven days, Ethereum has seen a rise in value, as it gained 6.61%. The volume of Ethereum traded in the twenty-four hours to time of writing was $19.74B or 13.82% of the total volume of all cryptocurrencies. It has traded in a range of $246.4631 to $285.7459 in the past 7 days. At its current price, Ethereum is still down 81.23% from its all-time high of $1,423.20 set on January 13, 2018. Elsewhere in cryptocurrency trading Bitcoin was last at $9,745.2 on the Investing.com Index, down 1.43% on the day. XRP was trading at $0.27293 on the Investing.com Index, a loss of 3.61%. Bitcoin's market cap was last at $176.91B or 61.43% of the total cryptocurrency market cap, while XRP's market cap totaled $11.94B or 4.15% of the total cryptocurrency market value. Related Articles Japan the Next Country to Mint a Digital Currency? Bitcoin\x92s Bullish Battle, Ethereum 2.0, BCH Faces \x91Slow Death\x92: Hodler\x92s Digest, Feb. 17\x9623 How Traders Can Use Twitter to Anticipate Bitcoin Price Moves, Volume", "HTC may be pouring most of its energy into VR headsets , but it hasn't forgotten about its (frankly languishing) smartphone range. Company chief Yves Maitre said in an interview that HTC's first 5G phone launches sometime in 2020. He didn't provide any clues as to the specs, although high-end models may come first. HTC doesn't necessarily have to release a flagship when MediaTek and Qualcomm both have 5G-equipped processors aimed at mid-tier phones. Maitre characterized this as part of a larger push for 5G-friendly applications, including virtual reality. While 5G can be finicky , the extra bandwidth and lower latency are very helpful for VR apps where even small delays and hiccups can be frustrating (or even nauseating). Whether or not HTC can still make a splash is another matter. As XDA observed , the company is nowhere near its heyday and hasn't released a top-end device since the U12+ in 2018. It's now known for budget or niche devices like its Bitcoin-focused Exodus 1s . However, the 5G news suggests that HTC is still committed to phones -- even if they're not as important to the company's bottom line as they were a few years ago. View comments", "HTC may be pouring most of its energyinto VR headsets, but it hasn't forgotten about its (frankly languishing) smartphone range. Company chief Yves Maitre said in aninterviewthat HTC's first 5G phone launches sometime in 2020. He didn't provide any clues as to the specs, although high-end models may come first. HTC doesn't necessarily have to release a flagship whenMediaTekandQualcommboth have 5G-equipped processors aimed at mid-tier phones.\nMaitre characterized this as part of a larger push for 5G-friendly applications, including virtual reality. While5G can be finicky, the extra bandwidth and lower latency are very helpful for VR apps where even small delays and hiccups can be frustrating (or even nauseating).\nWhether or not HTC can still make a splash is another matter. AsXDAobserved, the company is nowhere near its heyday and hasn't released a top-end device sincethe U12+in 2018. It's now known for budget or niche devices like itsBitcoin-focused Exodus 1s. However, the 5G news suggests that HTC is still committed to phones -- even if they're not as important to the company's bottom line as they were a few years ago.", 'Bitcoin rallied by 3.33% on Sunday. Reversing a 0.31% fall from Saturday, Bitcoin ended the week up by 0.60% to $9,985.0. A bullish start to the day saw Bitcoin rally from an early morning intraday low $9,660.0 to a late morning intraday high $10,001.0. Steering clear of the major support levels, Bitcoin broke through the day’s major resistance levels. A pullback to sub-$9,900 levels going into the afternoon saw Bitcoin fall back through the third major resistance level at $9,956.83. Through the late part of the day, however, Bitcoin broke back through the third major resistance level to close out the week at $9,985.0. The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, with Bitcoin struggling to break out from $10,000 levels. For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the top 10 cryptos, it was a bullish day for the crypto majors. Monero’s XMR led the way, rallying by 8.13%, with Bitcoin Cash ABC (+7.93%) and EOS (+7.03%) close behind. Tezos (+6.85%), Litecoin (+6.58%), and Tron’s TRX (+6.54%) also made solid gains. Binance Coin (+4.23%), Bitcoin Cash SV (+5.50%), Cardano’s ADA (+5.85%), Ethereum (+5.17%), Ripple’s XRP (3.12%), and Stellar’s Lumen (+4.42%) trailed the front runners. For a number of the majors, Sunday’s rally failed to reverse losses from earlier in the week. Tron’s TRX led the way down, falling by 3.81%, with Monero’s XMR (-3.53%) close behind. Binance Coin (-1.93%), Bitcoin Cash ABC (-2.99%), Ripple’s XRP (-2.93%), and Stellar’s Lumen (-1.55%) also saw red. It was a bullish week for the rest of the majors, however, with Tezos rallying by 8.6% to lead the way. Bitcoin Cash SV (+3.65%), Cardano’s ADA (+0.40%), EOS (+0.33%), Ethereum (+6.54%), and Litecoin (+6.90%) also joined Bitcoin in the green. Story continues Through the week, the crypto total market cap fell to a Monday low $273.33bn before hitting a Thursday high $297.79bn. On Thursday, the market cap fell back to sub-$275bn levels before support kicked in. At the time of writing, the total market cap stood at $283.65bn. Bitcoin’s dominance held steady late in the week. At the time of writing, Bitcoin’s dominance stood at 62.8%, up from a week low 62.02% on Wednesday. Trading volumes eased back from $196bn levels seen on Monday. At the time of writing, 24-hr volumes stood at $146.79bn. This Morning At the time of writing, Bitcoin was down by 2.21% to $9,764.6. A mixed start to the day saw Bitcoin rise to an early morning high $10,022.0 before sliding to a low $9,562.8. Steering clear of the major resistance levels, Bitcoin fell through the first major support level at $9,763.0. Elsewhere, it was a sea of red across the crypto-board, with Tezos sliding by 7.10% to lead the way down. Binance Coin saw modest losses relative to the pack, down by 1.8% at the time of writing. For the Bitcoin Day Ahead Bitcoin would need to move back through to $9,880 levels to bring the first major resistance level at $10,104.0 into play. Support from the broader market would be needed, however, for Bitcoin to break out from this morning’s high $10,022.0. Barring an extended crypto rally, the first major resistance level at $10,104.0 would likely cap any upside. Failure to move back through to $9,880 levels could see Bitcoin fall deeper into the red. A fall through to sub-$9,600.0 levels would bring the second major support level at $9,541.0 into play. Barring an extended crypto sell-off, Bitcoin should steer clear of sub-$9,500. This article was originally posted on FX Empire More From FXEMPIRE: Asian Markets: South Korea Plunges More than 3%; Airlines, Smartphone Industry at Risk The World Is Getting Spooky En Route To The Risk-Off Vortex Coronavirus Updates Drive Demand for the Dollar as Riskier Assets Slide Commodity Weekly: Gold is in the Midst of a Perfect Storm AUD/USD and NZD/USD Fundamental Daily Forecast – All Signs Pointing to Economic Weakness, Rate Cuts EUR/GBP Bullish Bounce Might Target 0.8410', 'Bitcoin rallied by 3.33% on Sunday. Reversing a 0.31% fall from Saturday, Bitcoin ended the week up by 0.60% to $9,985.0. A bullish start to the day saw Bitcoin rally from an early morning intraday low $9,660.0 to a late morning intraday high $10,001.0. Steering clear of the major support levels, Bitcoin broke through the day’s major resistance levels. A pullback to sub-$9,900 levels going into the afternoon saw Bitcoin fall back through the third major resistance level at $9,956.83. Through the late part of the day, however, Bitcoin broke back through the third major resistance level to close out the week at $9,985.0. The **Last 60 Days of Bitcoin's Closing Prices:** [7238.97, 7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-02-24 **Financial & Commodity Data:** - Gold Closing Price: $1672.40 - Crude Oil Closing Price: $51.43 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.46 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin fell by 4.2% on Saturday. Reversing a 1.1% gain from Friday, Bitcoin ended the day at $9,900.9. Bearish throughout the day, Bitcoin fell from an early morning intraday high $10,373.0 to a late afternoon intraday low $9,800.0. Bitcoin fell through the first major support level at $10,166.33 and the second major support level at $9,997.67. Steering clear of sub-$9,800 levels, Bitcoin bounced back to an afternoon high $10,087.0 before sliding back into the deep red. The reversal saw Bitcoin fall back through the second major support level at $9,997.67. The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, however, in spite of the current upward trend. For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the top 10 cryptos, it was a bearish day for the crypto majors. Bitcoin Cash SV (-13.96%), Bitcoin Cash ABC (-11.63%), EOS (-11.38%), and Tron’s TRX (-10.56%) saw double digit percentage losses. Binance Coin (-8.32%), Cardano’s ADA (-9.23%), Ethereum (-7.35%), Litecoin (-7.92%), Ripple’s XRP (-8.42%), and Stellar’s Lumen (-9.50%) also saw heavy losses. Monero’s XMR fell by 6.65%, faring better than the pack on the day. Through the current week, the crypto total market cap fell to a Tuesday low $279.65bn before rising to a Thursday high $308.04bn. At the time of writing, the total market cap stood at $295.21bn. Bitcoin’s dominance slipped back through the week from 63.7% to 61.6% at the time of writing. Trading volumes were on the rise, however, jumping to $195bn levels on Thursday before easing back. Volumes had stood at sub-$130bn levels in the early part of the week. At the time of writing, 24-hr volumes stood at $172.87bn. This Morning At the time of writing, Bitcoin was up by 0.88% to $9,988.1. A bullish start to the day saw Bitcoin rise from an early morning low $9,860.00 to a high $10,037.0. Story continues Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was also a bullish start to the day. Bitcoin Cash ABC (+3.21%), Cardano’s ADA (+3.23%), Litecoin (+4.00%), and Tron’s TRX (+3.38%) led the way early on. Binance Coin (+2.26%), Bitcoin Cash SV (+2.25%), Ethereum (+2.50%), Ripple’s XRP (+2.42%), Stellar’s Lumen (+2.17%), and Tezos (+3.00%) also found strong support. EOS trailed the pack, up by just 1.17% at the time of writing. For the Bitcoin Day Ahead Bitcoin would need to move back through to $10,025 levels to bring the first major resistance level at $10,249.27 into play. Support from the broader market would be needed, however, for Bitcoin to break out from the morning nigh $10,037.0. Barring an extended crypto rally, resistance at $10,000 would likely leave Bitcoin short of the first major resistance level. In the event of another breakout, Bitcoin the first major resistance level would likely pin Bitcoin back from a return to $10,400 levels. Failure to move back through to $10,025.00 levels could see Bitcoin hit reverse. A fall back through the morning low $9,960.00 would bring the first major support level at $9,676.27 into play. Barring an extended crypto sell-off, however, Bitcoin should steer clear of the sub-$9,800 levels on the day. This article was originally posted on FX Empire More From FXEMPIRE: E-mini S&P 500 Index (ES) Futures Technical Analysis – Set-Up for Closing Price Reversal Top EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 15/02/20 S&P 500 Weekly Price Forecast – Stock Markets At All-Time Highs The Crypto Daily – Movers and Shakers – 16/02/20 Natural Gas Price Prediction – Prices Rise but Finish the Week in the Red AUD/USD Forex Technical Analysis – Upside Bias Over .6718, Downside Bias Under .6706... - Reddit Posts (Sample): [['u/AutoModerator', '[Daily Discussion] Monday, February 24, 2020', 37, '2020-02-24 05:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/f8lj1a/daily_discussion_monday_february_24_2020/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas &amp; 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**Other ways to interact:**\n\n* [Get an invite](https://join.slack.com/t/reddit-bitcoinmarkets/shared_invite/enQtNjM1NTg3ODgwODUzLTQ2NjZjYjYxMWExZmZmMWY0MDNlN2JlM2RhZmM0NWY1YzY1MDlkOTMyNWFjNTZjYTg1ZDM2YmEwMWRkZjIwYjM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)\n* Set your flair to trade pretend money in [the Flair Game](https://coinsight.org/flairgame)\n* Weekly threads: [Newbie Mondays](http://www.reddit.com/r/BitcoinMarkets/search?q=newbie+monday&amp;sort=new&amp;restrict_sr=on&amp;t=all) and [Fundamentals Fridays](http://www.reddit.com/r/BitcoinMarkets/search?q=fundamentals+friday&amp;sort=new&amp;restrict_sr=on&amp;t=all)\n* Altcoins Discussion: [Altcoin Discussion](http://www.reddit.com/r/BitcoinMarkets/search?q=altcoin+discussion&amp;sort=new&amp;restrict_sr=on&amp;t=all)", 'https://www.reddit.com/r/BitcoinMarkets/comments/f8lj1a/daily_discussion_monday_february_24_2020/', 'f8lj1a', [['u/goodwinmark', 13, '2020-02-24 05:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/f8lj1a/daily_discussion_monday_february_24_2020/fim4dmg/', 'it’s a higher low until it’s not. \nbut currently, it’s a higher low.\n\nwe are in a goddamn channel with goddamn Barts and traBs left and tghir.\n\nI understand the potential for this to drop out and how truly bad that would be for the chart but until otherwise I’m coping scraps and taking public transport. I know I have seen this movement before and trusting the channel seemingly present on the 3D, M, and 3M.\n\nthere still hasn’t been much volume. last truly high volume points have appeared precisely at the start of major uptrend (nov, dec and jan, as well as april and march) that was preceded by low volume dip.\n\nthat could be us, like right now.\n\nI got two sell plans. does feel awfully crucial lately doesn’t it?', 'f8lj1a'], ['u/Ispan', 13, '2020-02-24 06:25', 'https://www.reddit.com/r/BitcoinMarkets/comments/f8lj1a/daily_discussion_monday_february_24_2020/fim98b7/', '10k is a nice psychological number. Big players like to make profit like you and I and to do so they got to choose carefully where to sell as to not dump the market too much and wreak it. A lot of people want too see it past 10k so you would get lots of buying around those lvls. Good time to sell and create liquidity.\n\nEdit: Which is where chop comes from', 'f8lj1a'], ['u/Quintall1', 17, '2020-02-24 08:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/f8lj1a/daily_discussion_monday_february_24_2020/fimg5rc/', 'Last week we droped 1.000$, just a few hours ago we droped 600$, what kind of a drop are you looking for? Straight Down to tripple digits?', 'f8lj1a'], ['u/ZNTTSKN', 12, '2020-02-24 12:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/f8lj1a/daily_discussion_monday_february_24_2020/fimreqd/', "Do you have boobs ? if not you'll need a lot of talent.", 'f8lj1a'], ['u/twobadkidsin412', 10, '2020-02-24 13:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/f8lj1a/daily_discussion_monday_february_24_2020/fimswmz/', '50MA and 200MA just crossed on the 1 hour chart. These MAs recently crossed in the daily, and have been bullish on thr 4 hour for a while now. Things are coming into alignment imo, just a very slow process. Patience and sticking to your plan are key', 'f8lj1a'], ['u/RoklemCrypto', 20, '2020-02-24 13:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/f8lj1a/daily_discussion_monday_february_24_2020/fimuwcv/', ' In 2017 the price was only at $10k + for a limited amount of time. The fact that the $10k area is now gradually become “the new norm” is hugely bullish. Eventually, $10k will be considered the floor. All it takes is time.', 'f8lj1a'], ['u/jarederaj', 12, '2020-02-24 13:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/f8lj1a/daily_discussion_monday_february_24_2020/fimvgvh/', "It feels a lot like the $350 - $450 range in 2016. The price felt range bound forever and interest in bitcoin was almost non existent. This place was a ghost town and everyone would try to get excited about the smallest move.\n\nWe'll see, but I think 9k - 11k is going to be very boring.", 'f8lj1a'], ['u/simmol', 13, '2020-02-24 13:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/f8lj1a/daily_discussion_monday_february_24_2020/fimw5qz/', 'It seems like there is a perfect storm with impending stock market crisis and with the coronavirus scare for something like bitcoin to rise in price and begin to look like an attractive investment during crisis time. It would benefit pretty much everyone that is trading bitcoin right now. Unfortunately, there is this issue of tragedy of the commons in that the short-term gains that might come from shorting and selling BTC is too attractive for some of the whales to care about the long-term well-being of the crypto market. As such, this might be a lost opportunity if something like gold goes on a run whereas bitcoin goes from one bart to the other bart with whales getting short-term gains while the market as a whole does not move. Quite unfortunately, if that turns out to be the case.', 'f8lj1a'], ['u/aSchizophrenicCat', 25, '2020-02-24 14:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/f8lj1a/daily_discussion_monday_february_24_2020/fimzet4/', 'CNBC Panelist to Warren Buffet: Did Justin Sun change your mind on Bitcoin? \n\nBuffet: Cryptocurrency has no value ... I will never own cryptocurrency ... [Cryptocurrency] Has been used to move around money illegally. \n\nlmao\n\nEdit: I do not endorse Buffet’s viewpoints. Please don’t shoot the messenger hah', 'f8lj1a'], ['u/oystrodoom', 18, '2020-02-24 17:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/f8lj1a/daily_discussion_monday_february_24_2020/finchnq/', "Didn't know this was a hodl sub.\n\nShould just make a bi-annual thread instead of a daily thread and we'll all reconvene after each blow off top and boring bottoms. No comments about daily price action.\n\nAlmighty Retard ComputationScat decrees it.", 'f8lj1a'], ['u/[deleted]', 15, '2020-02-24 17:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/f8lj1a/daily_discussion_monday_february_24_2020/finhe8x/', "Now it's time to sober up.", 'f8lj1a'], ['u/j_aurelius123', 11, '2020-02-24 18:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/f8lj1a/daily_discussion_monday_february_24_2020/finkgtf/', 'Dow down 1000 points, bitcoin slowly dropping/moving sideways, gold hitting 52 week highs hmmm....', 'f8lj1a'], ['u/Psych40', 26, '2020-02-24 18:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/f8lj1a/daily_discussion_monday_february_24_2020/finl1zj/', 'BTC is an uncorrelated asymmetric risk asset, it’s not entirely clear at this point whether it’s “risk on” or “risk off” and anyone who pretends otherwise is mistaken.', 'f8lj1a'], ['u/pr0nh0li0', 17, '2020-02-24 18:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/f8lj1a/daily_discussion_monday_february_24_2020/finmr1d/', "To be fair, Gold's predominant value is derived from speculation as well. The actual use of gold (in jewelry/technology etc) is estimated to make up only a small fraction of it's value, and just like bitcoin it has gotten tremendously overvalued at times. It's still considered a safe harbor investment in recession despite that.", 'f8lj1a'], ['u/InterestedInterloper', 10, '2020-02-24 19:01', 'https://www.reddit.com/r/BitcoinMarkets/comments/f8lj1a/daily_discussion_monday_february_24_2020/finoqta/', "Looks like BTC will be retesting the support line again at $9480. If that doesn't hold next stop is probably 200D MA at 8800.", 'f8lj1a'], ['u/oystrodoom', 10, '2020-02-24 19:07', 'https://www.reddit.com/r/BitcoinMarkets/comments/f8lj1a/daily_discussion_monday_february_24_2020/finpak2/', "&gt;Muh cup an handle\n\n&gt;Muh golden cross\n\nSays the 1 month experience traders who don't know how to use TA.", 'f8lj1a'], ['u/csasker', 11, '2020-02-24 19:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/f8lj1a/daily_discussion_monday_february_24_2020/finpgev/', 'Rejected by ATH trendline again and hanging at 200EMA 4h https://www.tradingview.com/x/ycW2Nww9 \n\nWill be interesting to see if 9500 again just wicks down and become strong support', 'f8lj1a'], ['u/ComputationalMat', 14, '2020-02-24 19:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/f8lj1a/daily_discussion_monday_february_24_2020/fintn0v/', "We're about to set a higher low here. Don't be swayed by all the FUD. Honey badger don't care, it does what it wants.", 'f8lj1a'], ['u/cryptogrip', 17, '2020-02-24 19:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/f8lj1a/daily_discussion_monday_february_24_2020/fintzb1/', "This is what we need to establish the higher low and get above 10k the right way. But if all you care about is day to day I guess that's not interesting.", 'f8lj1a'], ['u/Euphoricsoul', 10, '2020-02-24 20:07', 'https://www.reddit.com/r/BitcoinMarkets/comments/f8lj1a/daily_discussion_monday_february_24_2020/finvxkr/', 'Agreed.\n\nFor perspective: [https://www.tradingview.com/x/q3FYX7Pm/](https://www.tradingview.com/x/q3FYX7Pm/)', 'f8lj1a'], ['u/holderORfolder', 12, '2020-02-24 20:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/f8lj1a/daily_discussion_monday_february_24_2020/finy5wq/', 'Someone forcing price down to fill their longs before lifting the suppression and watching it bounce back to $10,000', 'f8lj1a'], ['u/leg33', 11, '2020-02-24 21:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/f... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9341.71, 8820.52, 8784.49, 8672.46, 8599.51, 8562.45, 8869.67, 8787.79, 8755.25, 9078.76
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['J.P. Koning, a CoinDesk columnist, worked as an equity researcher at a Canadian brokerage firm and a financial writer at a large Canadian bank. He runs the popularMoneynessblog.\nI don’t know about you, but the thing that got me interested inbitcoin(BTC) was its potential to become a popular way to make payments and remittances. Over the years we’ve been constantly disappointed on this front. Bitcoin payments just never caught on with the masses. Meanwhile, usage of fiat-based person-to-person payment tools like Venmo, Square Cash, Zelle and the U.K.’sFaster Paymentshas exploded.\nBitcoin’s new lightning layer has rekindled the dream of bitcoin-as-generally-accepted medium of exchange. But lightning is prickly to use. Which is why Zap’srecent announcementof Strike, a new lightning application, caught my interest. Strike aims to popularize bitcoin payments by making lightning more user-friendly.\nRelated:Securities Law Helped Build Modern Capitalism. Crypto Should Embrace It\nThe idea behind Strike is to create a fiat-based payments app, say like Venmo, except under the hood the payment is conducted in bitcoin. A hybrid fiat-bitcoin payments app is a neat idea. But marrying fiat with bitcoin will involve challenges, too.\nA bitcoin payment is special. The bitcoin network is open to everyone, or censorship resistant. It allows for pseudonymous usage. And it provides what Satoshi Nakamoto described as non-reversible digital transfers; like cash, once the stuff is spent, the economic relationship between payer and payee is severed.\nWithout even knowing it, you’ve paid your neighbor with bitcoin.\nPseudonymity, non-reversibility and openness will cause hassles that regular payments platforms like Square Cash or Venmo needn’t worry about. It remains to be seen whether hybrid fiat-bitcoin platforms like Strike will be able to marry the two systems in a form that still attracts a mainstream user base.\nRelated:Crypto Exchanges Need Common Messaging to Comply With Travel Rule\nLet’s back up a bit. How does lightning resuscitate the dream of mainstream bitcoin payments? Writing a transaction to bitcoin’s core blockchain takes time. It has to be broadcast to the network and confirmed by miners. On top of that, a processing fee must be paid. This fee can get particularly costly when everyone wants to use the bitcoin network at the same time.\nThese delays and fees put off mainstream users. By routing around the blockchain, lightning can help regular people be more comfortable making bitcoin payments.\nUnfortunately, lightning doesn’t solve bitcoin’s roller-coaster problem. After experiencing bitcoin’s crazy price rises and dips, a new user will never want to hold bitcoin again. Or they will be so excited by the ride that they treat it as abetting game. Either way, they won’t use it for payments.\nStrike, founded by a smart and affableJack Mallers, tries to solve the roller-coaster problem by letting people load funds onto an app, much like they do with Venmo. But when they make a payment, unbeknown to them, Strike (which is still in beta) will route the payment to the recipient via lightning.\nSay you’d like to buy an antique vase for $100 at your neighbor’s garage sale. You don’t have any cash on hand. But you do have your credit card. Needless to say, your neighbor doesn’t have a card terminal set up. But she does have a lightning channel open. Strike allows the two of you to connect. The $100 flows from your bank account to Strike’s bank account, upon which Strike sends 0.01 bitcoins to your neighbor via lightning.\nThat’s it. Without even knowing it, you’ve paid your neighbor with bitcoin. No volatility. And no need to learn how to use a strange new payments network. The entire experience simply piggybacks off of your existing knowledge of how to use a debit card.\nAs for your neighbor, with just a lightning address, she can immediately accept non-reversible payments from debit card holders all over the world. That’s neat.\nBut unless your neighbor has the technical chops, setting up lightning won’t be easy, certainly not as easy as accepting fiat-based payments via Zelle or Venmo. Which means that hybrid fiat-bitcoin payments systems will probably have to reach nooks and crannies that are as-yet unserved by the Zelles and Venmos of the world.\nWhile marijuana is legal in many U.S. states, it is illegal on the federal level. And so banks often disconnect companies that process marijuana payments for fear of losing access to Federal Deposit Insurance, or the Federal Reserve’s settlement system. As a result, many marijuana businesses are forced to turn card-paying customers away.\nIn a recent blog post, Mallersdescribed howhis family’s marijuana store set up a lightning channel, then encouraged debit card-carrying customers to download Strike. Now the store could reconnect to its clients with cards. That’s pretty useful.\nMany parts of the world, including Nigeria, are locked out of the U.S. person-to-person payments economy. Venmo and Zelle don’t allow non-U.S. citizens to sign up. As a matter of policy, PayPal doesn’t allow Nigerians to receive money (although they can open an account). If a Nigerian were to advertise a lightning payments channel, however, a hybrid fiat-to-bitcoin system like Strike could connect that person to Americans who want to do fiat-based person-to-person payments. The sender needn’t know anything about bitcoin or lightning.\nNow for some of the complications of marrying fiat to bitcoin.\nOperators of hybrid systems will have to fund buyer identity fraud out of their own pocket.\nOne of the problems that person-to-person payments apps like Venmo must deal with is buyer identity fraud. Scammers will often hack Venmo accounts or fund them with stolen credit cards. Then they use the funds to buy expensive goods. Sellers never realize they’ve accepted stolen money until Venmo reverses the payment.\nSince a hybrid system like Strike connects to lightning addresses, recouping stolen funds from recipients won’t be possible. Once a lightning payment is made, it’s irreversible. Which means operators of hybrid systems will have to fund buyer identity fraud out of their own pocket. That could get quite expensive.\nAnother type of fraud is authorized push fraud. This sort of fraud occurs when a scammer tricks victims into sending money for, say, concert tickets, but never actually provides the tickets and makes off with the money.\nPayments options like the U.K.’s Faster Payments, Venmo and Square Cash are rife with push fraud. But they do have tools for combating it, including quickly canceling offending accounts and tightening up the rules for opening accounts. Faster Payments isintroducinga new account name checking service to cut down on fraud.\nBut a hybrid fiat-to-bitcoin system that connects to pseudonymous lightning addresses can’t use tools like identity checking or account cancellation to combat authorized push fraud. The whole idea behind bitcoin is to prevent this very sort of censorship.\nAnd so hybrid systems could become popular with fraudsters. Apopular scamthese days is to ask Granny to get out of her rocking chair, go to Walmart and buy four $500 Google Play cards. With a hybrid fiat-bitcoin system, scammers can extort her by having her send $5,000 via her debit card, all from the comfort of her chair. The lightning side of the transaction allows the bad guys to stay anonymous and untouchable.\nThe problem with fraud is that if it gets out of control, it stigmatizes a payments system. This, in turn, harms the brand, impedes broader usage and may even attract political pushback. Douglas Jackson, the founder of the pseudonymouse-Gold payment system, serves as a good example. Accordingto Jackson, e-gold’s failure to ever become more than a marginal player can be blamed on “self-reinforcing negative reputation” created by criminal abuse. (Indeed, it eventually led to e-gold being shut down.)\nTo cut down on buyer identity fraud and authorized push fraud, a hybrid fiat-to-bitcoin system might decide to throw in the towel and do what Venmo and the others do: vet all users. But then it would no longer be doing censorship-resistant money. Gone would be non-reversible transactions. After all, the operator of the payment system could pressure lightning address owners to reverse payments on pain of being taken off of it the operator’s white list.\nStrike highlights many of the contradictions involved in developing bitcoin solutions. Lightning is complicated. This prevents regular folks from using it. But simplifying a lightning payment by marrying it to the fiat system introduces a new set of complications. Bringing censorship resistance and non-reversibility to a mainstream audience may be impossible.\nOr maybe not. There’s a lot of creativity being brought to bear on this problem. Maybe folks like Mallers will find the sweet spot.\n• China Has Many Strategic Reasons to Invest in Blockchain\n• In Defense of Justin Sun', 'J.P. Koning, a CoinDesk columnist, worked as an equity researcher at a Canadian brokerage firm and a financial writer at a large Canadian bank. He runs the popular Moneyness blog. I don’t know about you, but the thing that got me interested in bitcoin (BTC) was its potential to become a popular way to make payments and remittances. Over the years we’ve been constantly disappointed on this front. Bitcoin payments just never caught on with the masses. Meanwhile, usage of fiat-based person-to-person payment tools like Venmo, Square Cash, Zelle and the U.K.’s Faster Payments has exploded. Bitcoin’s new lightning layer has rekindled the dream of bitcoin-as-generally-accepted medium of exchange. But lightning is prickly to use. Which is why Zap’s recent announcement of Strike, a new lightning application, caught my interest. Strike aims to popularize bitcoin payments by making lightning more user-friendly. Related: Securities Law Helped Build Modern Capitalism. Crypto Should Embrace **Last 60 Days of Bitcoin's Closing Prices:** [7290.09, 7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-02-25 **Financial & Commodity Data:** - Gold Closing Price: $1646.90 - Crude Oil Closing Price: $49.90 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.44 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: View Bitcoin hit seven-week highs during the Asian trading hours and could extend the rally to a key Fibonacci hurdle above $8,600. A weekly close (Sunday, UTC) above $7,960 looks likely and would confirm a falling channel breakout on the weekly chart and signal a revival of the bull run from lows near $4,100 seen in April 2019. Gold witnessed a channel breakout at the end of December and has rallied by more than $100 ever since. Acceptance below $8,000 would weaken the odds of channel breakout this week. Bitcoin jumped to seven-week highs early on Wednesday and appears on track to confirm a significant price breakout similar to that seen by gold. According to CoinDesk’s Bitcoin Price Index , the number one cryptocurrency by market value rose to $8,463 – the highest level since Nov. 18 – during the Asian trading hours as Iran launched retaliatory attacks on the American bases in Iraq. Related: Bitcoin Hits New 2020 High Above $8,400 After Iranian Missile Attack While bitcoin rallied to multi-week highs, gold, a classic haven asset, jumped above $1,600 for the first time since 2013. Other anti-risk assets like Japanese yen, Swiss franc and U.S. bonds also drew bids. The safe-haven narrative surrounding bitcoin has strengthened with the cryptocurrency gaining ground in tandem with gold since Friday. The yellow metal found takers near $1,530 on Friday after the U.S. killed a top Iranian military commander and rose to a high of $1,611 earlier today. Meanwhile, bitcoin turned higher from lows near $6,850 on Friday and has gained more than 20 percent since. The cryptocurrency now looks set to take a page out of gold’s book and confirm a falling channel breakout on the weekly chart. Bitcoin and gold weekly charts Related: Bitcoin Probes Major Resistance After 15 Percent Price Rally As can be seen, both assets had a tough time in the second half of 2019. Gold (above right) topped out at $1,557 at the end of August and fell to lows below $1,450 in November, creating a falling channel on the weekly chart. The channel was breached on the higher side in the last week of December with a convincing move above $1,483. The breakout signaled a resumption of the rally from lows near $1,270 seen in April and since then, the yellow metal has rallied by more than 8 percent. Story continues Bitcoin’s weekly chart (above left) also shows a falling channel, which represents the sell-off from the June 2019 high of $13,880 to the low of $6,425 reached in December. The cryptocurrency is currently trading above the falling channel resistance of $7,960. A breakout would be confirmed if prices close the week (Sunday, UTC) above $7,960. That would imply a continuation of the rally from April 2019 low of $4,100 and open the doors for a re-test of $13,880. A breakout looks likely with bullish developments on key technical indicators. Weekly and daily chart Bitcoin’s rise to seven-week highs has confirmed seller exhaustion signaled by multiple long-tailed weekly candles and the bullish divergence of the MACD histogram, an indicator used to gauge trend strength and identify trend changes. A bullish divergence occurs when an indicator produces higher lows, contradicting lower lows on price and is considered an advance warning of an impending bullish reversal. The MACD has charted higher lows since early December. Meanwhile, the daily chart is reporting an inverse head-and-shoulders breakout, also a bullish reversal pattern. The recent rally looks to have legs, as buying volumes (not shown) have risen over the last few days and the MACD is charting higher bars above the zero line, signaling a strengthening of bullish momentum. All-in-all, the odds appear stacked in favor of a rise to $8,626 –the 61.8 percent Fibonacci retracement of the sell-off from $10,350 to$6,425. The odds of bitcoin confirming a channel breakout this comingSunday would drop if prices find acceptance below $8,000 with highvolumes. That said, stronger buying pressure could emerge in the subsequent weeks, yielding a breakout, as miner reward halving (supply-cutting event) is due in May. At press time, bitcoin is changing hands at $8,340, representing a 5.4 percent gain on a 24-hour basis. Disclosure: The author does not currently hold any digital assets. Related Stories Store of Value Remains Crypto’s Best Use Case CORRECTED: Bitcoin Price Jumps $200 in One Hour... - Reddit Posts (Sample): [['u/freakroach', '[Deals] Deals With Gold and Spotlight sales for this week (Feb 25th - Mar 2nd)', 94, '2020-02-25 01:17', 'https://www.reddit.com/r/xboxone/comments/f914gy/deals_deals_with_gold_and_spotlight_sales_for/', "## Xbox One\n\n| Game | USD | GBP | EUR | AUD | CAD | Type |\n|:---- |:---- |:---- |:---- |:---- |:---- |:---- |\n| [39 Days to Mars](https://www.microsoft.com/store/p/39-Days-to-Mars/9NHD9TBK2M03)|$10.04|£8.36|€10.04|AU $15.04|$12.72|Deal With Gold |\n| [7 Days to Die](https://www.microsoft.com/store/p/7-Days-to-Die/BRL7GC0GP1BM)|$17.99|£16.79|€20.99|AU $29.97|$23.99|Deal With Gold |\n| [Ancestors: The Humankind Odyssey](https://www.microsoft.com/store/p/Ancestors-The-Humankind-Odyssey/BTT48FGF6SWM)|$29.99|£24.74|€29.99|AU $50.96|$40.11|Deal With Gold |\n| [ARK: Survival Evolved](https://www.microsoft.com/store/p/ARK-Survival-Evolved/BNBLC4ZGFNKB)^( **Enhanced** **HDR** )|$9.99|£8.99|€10.99|AU $15.99|$11.99|Deal With Gold |\n| [Attack of the Earthlings](https://www.microsoft.com/store/p/Attack-of-the-Earthlings/9PC0F5HQ27RH)|$8.99|£7.49|€8.99|AU $13.47|$11.49|Spotlight |\n| [Batman: Return to Arkham](https://www.microsoft.com/store/p/Batman-Return-to-Arkham/BRW49CBS558D)|$9.99|£15.99|€19.99|AU $27.98|$14.99|Deal With Gold |\n| [Blood Bowl 2](https://www.microsoft.com/store/p/Blood-Bowl-2--Legendary-Edition/C53BWKSL34M5)|$7.49|£6.24|€7.49|AU $11.23|$9.99|Deal With Gold |\n| [Borderlands 3](https://www.microsoft.com/store/p/Borderlands-3-Super-Deluxe-Edition/BTKGPC4331HC)|$49.99|£44.99|€49.99|AU $74.85|$59.99|Deal With Gold |\n| [Brief Battles](https://www.microsoft.com/store/p/Brief-Battles/C17FTPBWL0ZQ)|$8.99|£7.49|€8.99|AU $13.17|$11.39|Deal With Gold |\n| [Candleman Complete Journey Bundle with Wenjia](https://www.microsoft.com/store/p/Candleman-Complete-Journey-Bundle-with-Wenjia/9NXP5K4651L0)|$7.19|£5.99|€7.19|AU $10.77|$8.99|Spotlight |\n| [Commander Lilith &amp; the Fight for Sanctuary for Borderlands 2](https://www.microsoft.com/store/p/Borderlands-2-Commander-Lilith-and-the-Fight-for-Sanctuary/C3TXT0S04B2V)|$7.49|£5.99|€7.49|AU $11.37|$9.99|Deal With Gold |\n| [Crimson Keep](https://www.microsoft.com/store/p/Crimson-Keep/9P0WWB5TV9LB)|$4.99|£3.74|€4.99|AU $7.48|$6.49|Spotlight |\n| [DB BR 182 Loco for Train Sim World 2020](https://www.microsoft.com/store/p/Train-Sim-World-DB-BR-182-Loco-AddOn/BXVVG211WW1J)|$11.99|£7.19|€8.39|AU $12.57|$16.19|Spotlight |\n| [Dead Alliance™](https://www.microsoft.com/store/p/Dead-Alliance/BT81TJZ5KZB4)|$4.49|£3.74|€4.49|AU $6.74|$5.84|Spotlight |\n| [Dead Alliance™: Multiplayer Edition](https://www.microsoft.com/store/p/Dead-Alliance-Multiplayer-Edition/BTC8FGMPC65B)|$2.99|£2.51|€2.99|AU $4.49|$3.89|Spotlight |\n| [Defunct](https://www.microsoft.com/store/p/Defunct/9PDV7NCNJTQP)|$0.99|£0.83|€0.99|AU $1.49|$1.27|Spotlight |\n| [DOOM (1993)](https://www.microsoft.com/store/p/DOOM-1993/9PLZPHBNHTMF)|$1.49|£1.19|€1.49|AU $2.23|$1.94|Deal With Gold |\n| [DOOM 3](https://www.microsoft.com/store/p/DOOM-3/9NSL68D814GC)|$2.99|£2.39|€2.99|AU $4.48|$3.83|Deal With Gold |\n| [DOOM II (Classic)](https://www.microsoft.com/store/p/DOOM-II-Classic/9PLT62LRF9V7)|$1.49|£1.19|€1.49|AU $2.23|$1.94|Deal With Gold |\n| [DUCATI - 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Special Edition](https://www.microsoft.com/store/p/Monster-Energy-Supercross--Special-Edition/BZWKS52TWZWC)|$15.99|£15.99|€19.99|AU $27.98|$19.99|Deal With Gold |\n| [Monster Energy Supercross - The Official Videogame](https://www.microsoft.com/store/p/Monster-Energy-Supercross--The-Official-Videogame/BXMPGZDSVVFK)|$11.99|£13.99|€15.99|AU $21.98|$15.99|Deal With Gold |\n| [Mordheim: City of the Damned - Complete Edition](https://www.microsoft.com/store/p/Mordheim-City-of-the-Damned--Complete-Edition/C2KP3VP1FMWG)|$9.99|£8.24|€9.99|AU $13.73|$13.49|Deal With Gold |\n| [MotoGP 19](https://www.microsoft.com/store/p/MotoGP19/C3VCWTXHWN1Z)|$12.49|£12.49|€17.49|AU $24.98|$14.99|Deal With Gold |\n| [Moxxi's Heist of the Handsome Jackpot for Borderlands 3](https://www.microsoft.com/store/p/Borderlands-3-Season-Pass/BNL36SMM5J6N)|$39.99|£31.99|€39.99|AU $55.96|$53.59|Deal With Gold |\n| [Mr. Shifty](https://www.microsoft.com/store/p/Mr-Shifty/BVXQ0CFV4W7J)|$4.49|£3.59|€4.49|AU $6.73|$4.49|Deal With Gold |\n| [NieR: Automata BECOME AS GODS Edition](https://www.microsoft.com/store/p/NieRAutomata-BECOME-AS-GODS-Edition/BPPZVT8BZ15N)|$19.99|£17.49|€19.99|AU $27.47|$26.74|Deal With Gold |\n| [Peninsula Corridor for Train Sim World 2020](https://www.microsoft.com/store/p/Train-Sim-World-Peninsula-Corridor-San-Francisco--San-Jose/9N6S0J6JJ3QB)|$19.49|£16.24|€19.49|AU $29.21|$25.99|Spotlight |\n| [Pirate Monkey Run!](https://www.microsoft.com/store/p/Pirate-Monkey-Run/9NKBFX4N7GPM)|$0.99|£0.79|€0.99|AU $1.45|$1.29|Spotlight |\n| [Portal Knights](https://www.microsoft.com/store/p/Portal-Knights/BNWM9F3C08B6)^( **Enhanced** **4K** )|$7.99|£6.39|€7.99|AU $10.78|$7.99|Deal With Gold |\n| [Portal Knights - Bibot Box](https://www.microsoft.com/store/p/Portal-Knights--Bibot-Box/C3F5BSL9CQSW)^( **Enhanced** )|$2.09|£1.67|€2.09|AU $2.76|$2.09|Spotlight |\n| [Portal Knights – Box of Grumpy Rings](https://www.microsoft.com/store/p/Portal-Knights--Box-of-Grumpy-Rings/BP2J0J6T004Q)^( **Enhanced** )|$2.09|£1.67|€2.09|AU $2.76|$2.09|Spotlight |\n| [Portal Knights – Box of Joyful Rings](https://www.microsoft.com/store/p/Portal-Knights--Box-of-Joyful-Rings/C2MMF1W9SW0D)^( **Enhanced** )|$2.09|£1.67|€2.09|AU $2.76|$2.09|Spotlight |\n| [Portal Knights - Druids, Furfolk, and Relic Defense](https://www.microsoft.com/store/p/Portal-Knights--Druids-Furfolk-and-Relic-Defense/9P48F1G2WXSF)^( **Enhanced** )|$8.99|£7.19|€8.99|AU $13.45|$11.51|Deal With Gold |\n| [Portal Knights - Gold Throne Pack](https://www.microsoft.com/store/p/Portal-Knights--Gold-Throne-Pack/BRJRVKC71N43)^( **Enhanced** )|$2.79|£2.23|€2.79|AU $3.74|$2.79|Spotlight |\n| [Portal Knights - Portal Pioneer Pack](https://www.microsoft.com/store/p/Portal-Knights--Portal-Pioneer-Pack/BX8L5K660RLH)^( **Enhanced** )|$2.09|£1.67|€2.09|AU $2.76|$2.09|Spotlight |\n| [Portal Knights -Emoji Box](https://www.microsoft.com/store/p/Portal-Knights-Emoji-Box/BWVVZHTN50CB)|$2.09|£1.67|€2.09|AU $2.76|$2.09|Spotlight |\n| [Portal Knights -Lobot Box](https://www.microsoft.com/store/p/Portal-Knights-Lobot-Box/C4MF3T28HRW6)|$2.09|£1.67|€2.09|AU $2.76|$2.09|Spotlight |\n| [Project Highrise: Architect's Edition](https://www.microsoft.com/store/p/Project-Highrise-Architects-Edition/BNJLMB6JQT98)|$7.49|£6.24|€7.49|AU $11.23|$9.74|Deal With Gold |\n| [Real Farm](https://www.microsoft.com/store/p/Real-Farm/BTQKSHJSRP40)^( **Enhanced** )|$3.99|£3.49|€3.99|AU $6.99|$4.99|Spotlight |\n| [Rhein-Ruhr Osten for Train Sim World 2020](https://www.microsoft.com/store/p/Train-Sim-World-RheinRuhr-Osten-Wuppertal--Hagen/9NSM5NGNW6PC)|$19.49|£16.24|€19.49|AU $29.21|$25.99|Spotlight |\n| [Space Hulk: Tactics](https://www.microsoft.com/store/p/Space-Hulk-Tactics/BXZTB63NTG3P)|$7.49|£6.24|€7.49|AU $9.98|$9.99|Deal With Gold |\n| [Starpoint Gemini Warlords: Cycle of Warfare](https://www.microsoft.com/store/p/Starpoint-Gemini-Warlords-Cycle-of-Warfare/C2T0JMZDXX5J)|$3.99|£3.19|€3.99|-|$3.99|Spotlight |\n| [Starpoint Gemini Warlords: Deadly Dozen](https://www.microsoft.com/store/p/Starpoint-Gemini-Warlords-Deadly-Dozen/BVTHLN2GFHL9)|$1.99|£1.59|€1.99|-|$1.99|Spotlight |\n| [Starpoint Gemini Warlords: Rise of Numibia](https://www.microsoft.com/store/p/Starpoint-Gemini-Warlords-Rise-of-Numibia/C32F7W9W05DM)|$3.19|£2.55|€3.19|-|$3.19|Spotlight |\n| [Starpoint Gemini Warlords: Titans Return](https://www.microsoft.com/store/p/Starpoint-Gemini-Warlords-Titans-Return/BVWT191M2C0S)|$2.79|£2.23|€2.79|-|$2.79|Spotlight |\n| [Starpoint Gemini: Warlords](https://www.microsoft.com/store/p/Starpoint-Gemini-Warlords/C19XZL7CPS4Z)|$13.99|£11.19|€13.99|-|$13.99|Spotlight |\n| [The Clocker](https://www.microsoft.com/store/p/The-Clocker/9NR6KRZMN67G)|$10.39|£8.59|€10.39|AU $15.56|$13.59|Deal With Gold |\n| [The Division 2 - Warlords of New York - Ultimate Edition](https://www.microsoft.com/store/p/The-Division-2--Warlords-of-New-York--Ultimate-Edition/9P3HHPWXLQ5L)|$53.59|£49.49|€59.99|AU $93.71|$71.68|Spotlight |\n| [The Division 2 - Warlords of New York Edition](https://www.microsoft.com/store/p/The-Division-2--Warlords-of-New-York-Edition/9MW9HW5L8V13)|$32.99|£33.49|€40.19|AU $63.28|$43.99|Spotlight |\n| [The Escapists 2](https://www.microsoft.com/store/p/The-Escapists-2/BS8XGCLL3VQZ)|$5.99|£5.99|€5.99|AU $8.98|$5.99|Deal With Gold |\n| [The Escapists 2 Season Pass](https://www.microsoft.com/store/p/The-Escapists-2-Season-Pass/BSWN2R31JKMG)|$2.99|£2.39|€2.99|AU $4.03|$2.99|Spotlight |\n| [The Jackbox Party Pack 3](https://www.microsoft.com/store/p/The-Jackbox-Party-Pack-3/BS30XKD3WZHR)|$13.74|£10.99|€13.74|AU $18.39|$13.74|Deal With Gold |\n| [Tom Clancy's Rainbow Six® Siege Deluxe Edition](https://www.microsoft.com/store/p/Tom-Clancys-Rainbow-Si... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
8820.52, 8784.49, 8672.46, 8599.51, 8562.45, 8869.67, 8787.79, 8755.25, 9078.76, 9122.55
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:** ['Ever since FCoin fell insolvent this month, blockchain researchers have been poring over data to figure out what caused the failure and where all the China-based exchange’s cryptocurrency went.\nA recent report from Silicon Valley-based Anchain AI wonders whether funds were pilfered by insiders, challenging FCoin’s official line claiming a data error was to blame. The study is provocatively titled, “FCoin Exchange Shutdown: Technical Difficulties or Planned Scam?”\nOn Feb. 17, FCoin revealed a shortfall of up to $130 million worth ofbitcoin(BTC). The exchange’s verified “cold” wallet, the cryptocurrency version of a bank vault used to hold customer bitcoin, was emptied. According to Anchain AI, from 2019 until February 2020, the cold wallet’s funds were likely moved to four other exchanges — Gate.io, Binance, OKEx and Huobi — and then beyond.\nRelated:Binance Now Supports Deposits and Withdrawals in Hong-Kong Dollars\nAnchain AI is more upfront about its suspicions than another analysis firm, China-based Peckshield, whichreported that Fcoin’s problemsstarted in 2018. According to Peckshield, Fcoin was not properly accounting for transactions on its platform, enabling users to “leak” out valuable cryptocurrencies to other exchanges.\nMore than25,350 BTChas passed in and out of FCoin’s primary cold wallet, which Anchain AI labeled “Fcoin_1” in its analysis. The last 54 BTC was drained in a transaction sent on Feb. 13. Four days later, FCoin founder Zhang Jian announced the exchangewould no longer be able to process customer withdrawals.\nA wallet is considered “cold” when the private key controlling it is kept offline, on a hardware device or a piece of paper stashed in a safe place. Cryptocurrency exchanges use these wallets for long-term storage of customer assets, with funds rarely moving.\nIn June 2018, FCoin published its bitcoin cold wallet address on itstransparency page. The link now redirects to the exchange’s homepage, which displays a note in broken English about “FCoin System Upgrading.”\nRelated:Why Today’s Crypto Exchange Leaders Are Powerful, but Not Inevitable\nFortunately, the cold wallet address was also published in a press announcement in 2018, giving Anchain AI a starting point to analyze over 210,000 transactions among FCoin’s 40,000 wallets. The cold wallet moved 9,889 BTC intoanother FCoin-controlled wallet, which then dispersed the funds through various other addresses. The Anchain AI analysis found that early in 2019, Fcoin was moving hundreds of bitcoin to other exchanges. Among the four biggest recipients, Huobi, where Zhang was the former CTO, received the most.\nFor a few months in 2019, there were no exchange transactions. Activity picked up again in September, with OKEx becoming the preferred destination.\nFounded in 2018, FCoin used a “transaction mining” model, reimbursing traders for fees with a proprietary token, also called FCoin. When a customer paid a trading fee in BTC, for example, a corresponding amount would be sent back in FCoin tokens. Holders of this token were also paid 80 percent of the exchange’s fee revenue as an incentive to keep them.\nFCoin did not respond to CoinDesk’s requests for comment by press time.\nAddressing accusations of impropriety, Zhang took to social media to explain that FCoin’s estimated 7,000 to 13,000 bitcoin gap in funds was due not only to poor accounting but also to the transaction mining model. In a missive translated into English andposted to Reddit Feb. 17, Zhang wrote, “in particular, public lies will sooner or later break through under the watchful eyes of everyone.”\nAlthough Anchain AI made a strong case that something was suspicious in FCoin’s transactions, its inference that the company moved the bitcoin to four large exchanges and thereafter elsewhere is much harder to prove.\nAs for the title question, Anchain AI’s report was inconclusive.\n“So, was the FCoin Exchange Shutdown due to technical difficulties, or the culmination of a planned scam? Only the FCoin team would know for sure,” the researchers said at the end of their study.\n• Binance and Others Are Rushing to Provide Stablecoins to Nigerian Crypto Users\n• Binance Is Not Under Our Jurisdiction, Says Malta Regulator', 'Ever since FCoin fell insolvent this month, blockchain researchers have been poring over data to figure out what caused the failure and where all the China-based exchange’s cryptocurrency went. A recent report from Silicon Valley-based Anchain AI wonders whether funds were pilfered by insiders, challenging FCoin’s official line claiming a data error was to blame. The study is provocatively titled, “ FCoin Exchange Shutdown: Technical Difficulties or Planned Scam? ” On Feb. 17, FCoin revealed a shortfall of up to $130 million worth of bitcoin (BTC). The exchange’s verified “cold” wallet, the cryptocurrency version of a bank vault used to hold customer bitcoin, was emptied. According to Anchain AI, from 2019 until February 2020, the cold wallet’s funds were likely moved to four other exchanges — Gate.io, Binance, OKEx and Huobi — and then beyond. Related: Binance Now Supports Deposits and Withdrawals in Hong-Kong Dollars Anchain AI is more upfront about its suspicions than another analysis firm, China-based Peckshield, which reported that Fcoin’s problems started in 2018. According to Peckshield, Fcoin was not properly accounting for transactions on its platform, enabling users to “leak” out valuable cryptocurrencies to other exchanges. More than 25,350 BTC has passed in and out of FCoin’s primary cold wallet, which Anchain AI labeled “Fcoin_1” in its analysis. The last 54 BTC was drained in a transaction sent on Feb. 13. Four days later, FCoin founder Zhang Jian announced the exchange would no longer be able to process customer withdrawals . A wallet is considered “cold” when the private key controlling it is kept offline, on a hardware device or a piece of paper stashed in a safe place. Cryptocurrency exchanges use these wallets for long-term storage of customer assets, with funds rarely moving. In June 2018, FCoin published its bitcoin cold wallet address on its transparency page . The link now redirects to the exchange’s homepage, which displays a note in broken English about “FCoin System Upgrading.” Story continues Related: Why Today’s Crypto Exchange Leaders Are Powerful, but Not Inevitable Fortunately, the cold wallet address was also published in a press announcement in 2018, giving Anchain AI a starting point to analyze over 210,000 transactions among FCoin’s 40,000 wallets. The cold wallet moved 9,889 BTC into another FCoin-controlled wallet , which then dispersed the funds through various other addresses. The Anchain AI analysis found that early in 2019, Fcoin was moving hundreds of bitcoin to other exchanges. Among the four biggest recipients, Huobi, where Zhang was the former CTO, received the most. For a few months in 2019, there were no exchange transactions. Activity picked up again in September, with OKEx becoming the preferred destination. Founded in 2018, FCoin used a “transaction mining” model, reimbursing traders for fees with a proprietary token, also called FCoin. When a customer paid a trading fee in BTC, for example, a corresponding amount would be sent back in FCoin tokens. Holders of this token were also paid 80 percent of the exchange’s fee revenue as an incentive to keep them. FCoin did not respond to CoinDesk’s requests for comment by press time. Addressing accusations of impropriety, Zhang took to social media to explain that FCoin’s estimated 7,000 to 13,000 bitcoin gap in funds was due not only to poor accounting but also to the transaction mining model. In a missive translated into English and posted to Reddit Feb. 17 , Zhang wrote, “in particular, public lies will sooner or later break through under the watchful eyes of everyone.” Although Anchain AI made a strong case that something was suspicious in FCoin’s transactions, its inference that the company moved the bitcoin to four large exchanges and thereafter elsewhere is much harder to prove. As for the title question, Anchain AI’s report was inconclusive. “So, was the FCoin Exchange Shutdown due to technical difficulties, or the culmination of a planned scam? Only the FCoin team would know for sure,” the researchers said at the end of their study. Related Stories Binance and Others Are Rushing to Provide Stablecoins to Nigerian Crypto Users Binance Is Not Under Our Jurisdiction, Says Malta Regulator', 'Ever since FCoin fell insolvent this month, blockchain researchers have been poring over data to figure out what caused the failure and where all the China-based exchange’s cryptocurrency went.\nA recent report from Silicon Valley-based Anchain AI wonders whether funds were pilfered by insiders, challenging FCoin’s official line claiming a data error was to blame. The study is provocatively titled, “FCoin Exchange Shutdown: Technical Difficulties or Planned Scam?”\nOn Feb. 17, FCoin revealed a shortfall of up to $130 million worth ofbitcoin(BTC). The exchange’s verified “cold” wallet, the cryptocurrency version of a bank vault used to hold customer bitcoin, was emptied. According to Anchain AI, from 2019 until February 2020, the cold wallet’s funds were likely moved to four other exchanges — Gate.io, Binance, OKEx and Huobi — and then beyond.\nRelated:Binance Now Supports Deposits and Withdrawals in Hong-Kong Dollars\nAnchain AI is more upfront about its suspicions than another analysis firm, China-based Peckshield, whichreported that Fcoin’s problemsstarted in 2018. According to Peckshield, Fcoin was not properly accounting for transactions on its platform, enabling users to “leak” out valuable cryptocurrencies to other exchanges.\nMore than25,350 BTChas passed in and out of FCoin’s primary cold wallet, which Anchain AI labeled “Fcoin_1” in its analysis. The last 54 BTC was drained in a transaction sent on Feb. 13. Four days later, FCoin founder Zhang Jian announced **Last 60 Days of Bitcoin's Closing Prices:** [7317.99, 7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-02-26 **Financial & Commodity Data:** - Gold Closing Price: $1640.00 - Crude Oil Closing Price: $48.73 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.41 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Jill Carlson, a CoinDesk columnist, is co-founder of the Open Money Initiative, a non-profit research organization working to guarantee the right to a free and open financial system. She is also an investor in early stage startups with Slow Ventures. Where are the users? This is the big question facing the cryptocurrency and blockchain technology world. For some, it is the elephant in the room. For others, it is the tantalizing puzzle waiting to be solved. For everyone, it is a matter of survival. Related:No, Concentration Among Miners Isn’t Going to Break Bitcoin A couple of years ago, I wrote a bit about how I conceive ofthe blockchain technology stack. The stack breaks down into three layers: products, platforms and protocols. • Products serve end users • Platforms serve product developers • Protocols serve platform & product developers Products include assets like cryptocurrencies and tokens as well as the applications they enable, such as games and marketplaces. Platforms are developer environments and middleware layers that allow those assets and applications to be built and run. Protocols are the underlying networks and their associated rules. I also wrote, a couple of years ago, about how demand, and therefore value, flows from end users, through products and eventually back to the platforms and protocols that underlie them. I called this dynamic “top-down demand.” At the time that I wrote all of this, in the fall of 2017, at the peak of initial coin offering fever, I was imploring the market to pay closer attention to fundamentals. I hoped founders, developers and creators would pause in their quest for optimization for optimization’s sake (invariably building a better, faster, more secure ethereum) and instead think from first principles about who might actually want such a thing. I wished for the market to place greater focus on end users as opposed to chanting the old Steve Ballmer reprise: “Developers! Developers! Developers!” Related:Financial Services: The Coming Cataclysm I am writing about all of this now because I think, in a way, I was wrong. At a minimum, I think that as an industry we have overcorrected. Two years ago I would have told you the industry needed to focus on end consumers. Today I see this with more nuance. Outside of the weird, wonderful world of cryptocurrency, startups tend to fall into one of a few categories when it comes to go-to-market strategy. They can be B2C (businesses selling directly to consumers), B2B (businesses selling to other businesses or enterprises), or they can be B2B2C. As you may have surmised,B2B2Cbusinesses sell their products to other businesses that in turn pass the product on to their customers. Importantly, B2B2C companies are in the business of acquiring those end users. We must not only build products people want but also build platforms developers need to get there. OpenTable is a great example of this. OpenTable started out much as it exists today: a platform for restaurant-goers to make reservations. Quickly, however, the OpenTable team realized the restaurants did not have the pieces in place to enable this. The restaurants were still taking reservations over the phone and noting them down using pens and clipboards. So OpenTable built out a digital CRM and table management system, selling restaurants the infrastructure they needed to get online. Once they had a critical mass of restaurants on the platform, they could close the loop by once more providing a reservation-booking product to end consumers. I think the blockchain industry can take some lessons from OpenTable. As I rethink the products, platforms and protocols framework, I see parallels to B2B2C businesses. What we need is not, as I advocated for at the time, a greater focus on end consumers. As I look around today, all I see in the cryptocurrency world are strong hypotheses about what end-consumers might want: open access to investment products, freely transferable gaming assets, immutable digital memory, certifiably-scarce digital goods. What is missing is the infrastructure that enables these products. Users are generally the sign that product-market fit has been achieved. The challenge of the blockchain world lies not only in reaching product-market fit, but also in achieving protocol-market fit. For this, we must not onlybuild products people wantbut alsobuild platforms developers needto get there. It’s not all about the wants and needs of end users. It’s also about the wants and needs of the developers and dreamers who will get us there. • Policymakers Shouldn’t Fear Digital Money: So Far It’s Maintaining the Dollar’s Status • CoinDesk’s New Opinion Section: The Future of the Financial System Is Up for Debate... - Reddit Posts (Sample): [['u/jtoomim', 'BTC.top is mining blocks at a loss when BCH mining is not profitable and the block interval exceeds 1 hour -- thank you!', 164, '2020-02-26 00:41', 'https://www.reddit.com/r/btc/comments/f9jnyx/btctop_is_mining_blocks_at_a_loss_when_bch_mining/', "Between Feb 1st and Feb 23rd, it had taken at least 1 hour between blocks 59 different times. Of the 59 blocks that broke these dry spells, 37 were mined by BTC.top, or 62.7%. The hashrate during these dry spells is otherwise about 2.0-2.5 EH/s, which indicates that BTC.top is moving about 4 EH/s over to BCH during long dry spells -- that's about 100% of their SHA256 hashrate.\n\nThis behavior started on Feb 1st. There were 175 blocks that took at least 1 hour to mine between Dec 15 and Jan 31st, and of those, only 6 (3.4%) were mined by BTC.top. Before Feb 1st, BTC.top was actively *avoiding* unprofitable mining. Now, they're actively seeking it out during the worst dry spells with the intent to prevent confirmation times from getting too long.\n\nDuring dry spells, it's usually around 10% more profitable to mine BTC than to mine BCH, so each time BTC.top does this, they're losing around $440 in revenue. That's about $16,400 so far, or around $20,000 per month.\n\nI think BTC.top deserves a big thank you for doing this.\n\nI also think the BCH community needs to fix the difficulty adjustment algorithm, since that's the reason why we're getting these dry spells in the first place. Teaser: i'm working on a video and/or article explaining the problem and how we can fix it. This discovery came while doing research for that. Expect it to be published within the next few days.\n\n[In a comment below](https://old.reddit.com/r/btc/comments/f9jnyx/btctop_is_mining_blocks_at_a_loss_when_bch_mining/fis8jre/) is a list of all blocks since 613500 that took more than 1 hour to mine (according to their timestamps), what the exact delay was (in seconds), and whether they were mined by BTC.top, if anyone is curious. I also have data on who mined the rest, but I omitted it from this list to make it easier to read. (BTC.com and BTC.top were too hard to visually distinguish from each other.) If anyone wants the full list, let me know and I'll reformat it and post it in a comment.", 'https://www.reddit.com/r/btc/comments/f9jnyx/btctop_is_mining_blocks_at_a_loss_when_bch_mining/', 'f9jnyx', [['u/TNoD', 20, '2020-02-26 00:57', 'https://www.reddit.com/r/btc/comments/f9jnyx/btctop_is_mining_blocks_at_a_loss_when_bch_mining/fis0kq2/', 'Thanks for pointing it out! Nice observation, and yes I agree that we should improve the DAA.', 'f9jnyx'], ['u/tralxz', 12, '2020-02-26 01:02', 'https://www.reddit.com/r/btc/comments/f9jnyx/btctop_is_mining_blocks_at_a_loss_when_bch_mining/fis10vf/', 'Interesting report', 'f9jnyx'], ['u/TyMyShoes', 23, '2020-02-26 01:07', 'https://www.reddit.com/r/btc/comments/f9jnyx/btctop_is_mining_blocks_at_a_loss_when_bch_mining/fis1h7s/', "THANK YOU Jiang Zhuoer and BTC.TOP!!\n\nI assume the cause of the &gt; 1 hour blocktimes is because of miners moving hash based on profitability and gaming the difficulty algo.\n\nIn your personal opinion if 5% of each block's reward is diverted elsewhere, lowering profitability for each miner, do you think that would smooth out the blocktimes?", 'f9jnyx'], ['u/jtoomim', 27, '2020-02-26 01:53', 'https://www.reddit.com/r/btc/comments/f9jnyx/btctop_is_mining_blocks_at_a_loss_when_bch_mining/fis5tt5/', "&gt; miners moving hash based on profitability\n\nYes.\n\n&gt; gaming the difficulty algo\n\nNo. This was a bit surprising to me, but the oscillations happen whenever miners follow profitability, regardless of any intent to generate oscillations. I'll explain more when I publish my article/video.\n\n&gt; if 5% of each block's reward is diverted elsewhere, lowering profitability for each miner, do you think that would smooth out the blocktimes?\n\nNo, that would have no effect whatsoever. It wouldn't lower the profitability for each miner; it just means that 5% of the hashrate would switch to mining BTC, making the difficulty fall by 5%, and returning the profitability of BTC and BCH mining to parity.", 'f9jnyx'], ['u/jtoomim', 15, '2020-02-26 02:13', 'https://www.reddit.com/r/btc/comments/f9jnyx/btctop_is_mining_blocks_at_a_loss_when_bch_mining/fis7rwh/', "You misunderstand a lot of things. Having 51% of the active hashrate for a fraction of a block interval does not comprise a 51% attack. In order to be a 51% attack, it has to be sustained hashrate on a chain that rejects contributions from other miners.\n\nIt only costs $20k to mine 45 blocks at a 5% loss per block, but it takes a lot more than that to perform a 51% attack. If you're mining honestly, you face basically zero risk that your blocks will end up orphaned; but when performing a 51% attack, the chance is high. 51% attacks also need to be sustained for long periods of time to be effective -- typically 100 to 1000 blocks in the attacks on minor altcoins that I've seen in the past.\n\nBCH has about 3% of the total SHA256 hashrate. Poolin and F2pool each have 20% of the total SHA256 hashrate. That means there are pools out there with 6 times as much hashrate as the BCH network has on average. As long as BCH is valued much lower than BTC, but shares the same hash function as BTC, this will be the case. However, SHA256 miners have shown in the past that they're willing to mine at a loss to protect BCH against 51% attacks. In Nov 2018, when Craig Wright threatened to reorg the BCH chain and perform 51% attacks against it, the BCH hashrate increased to 9 EH/s, or 2.5x above the profit-parity level (which at the time was about 3.5 EH/s). \n\nBCH has a lot of friends in the mining community, so even though the amount of hashrate that can profitably mine BCH at equilibrium is only 3-3.5 EH/s, the amount of available hashrate that is willing to defend BCH against 51% attacks is around 10 EH/s. So to perform a 51% attack on BCH, you'd need more than that. Renting 11 EH/s for 1 day costs about $1.5 million, not $20,000.\n\n&gt; Also I suspect that this activity might be a part of the following plan\n\nIt isn't. This is just the result of miners caring about the UX and usability of BCH, and making sure that transactions don't take several hours to confirm. If it were part of the plan you're alleging, then they would be doing this all of the time. Instead, they're only doing this when a block has taken more than an hour to be mined.", 'f9jnyx'], ['u/jtoomim', 19, '2020-02-26 02:18', 'https://www.reddit.com/r/btc/comments/f9jnyx/btctop_is_mining_blocks_at_a_loss_when_bch_mining/fis8awl/', '&gt; fix DAA\n\nYes, that is what I want to do. My coming article/video will explain how and why to do that.', 'f9jnyx'], ['u/jtoomim', 10, '2020-02-26 02:21', 'https://www.reddit.com/r/btc/comments/f9jnyx/btctop_is_mining_blocks_at_a_loss_when_bch_mining/fis8jre/', 'Here is the list of all blocks since 613500 that took more than 1 hour to mine (according to their timestamps), what the exact delay was (in seconds), and whether they were mined by BTC.top.\n\n Height Delay(s) By BTC.top?\n 623400 3622\n 623261 3659\n 623260 5348\n 623248 4208 BTC.TOP\n 623232 3712 BTC.TOP\n 623084 3756 BTC.TOP\n 622970 3974\n 622951 3915\n 622942 4481 BTC.TOP\n 622890 3626\n 622873 4082 BTC.TOP\n 622787 3933 BTC.TOP\n 622735 4194 BTC.TOP\n 622722 3755 BTC.TOP\n 622721 4001 BTC.TOP\n 622638 5511 BTC.TOP\n 622588 3964\n 622566 4057 BTC.TOP\n 622440 4474\n 622416 4085\n 622354 3781 BTC.TOP\n 622289 3647 BTC.TOP\n 622201 4125 BTC.TOP\n 622191 4280 BTC.TOP\n 622176 4278\n 622175 3722 BTC.TOP\n 622039 4265 BTC.TOP\n 621995 4500 BTC.TOP\n 621979 4181 BTC.TOP\n 621920 4141\n 621891 3752 BTC.TOP\n 621890 3960\n 621772 4492 BTC.TOP\n 621683 3720 BTC.TOP\n 621662 4126\n 621534 4192\n 621464 3962\n 621440 5588 BTC.TOP\n 621382 4773 BTC.TOP\n 621293 4651\n 621292 3689 BTC.TOP\n 621236 3895 BTC.TOP\n 621201 3729 BTC.TOP\n 621147 4196\n 621144 3918 BTC.TOP\n 621130 4305\n 621107 3783\n 621079 4236 BTC.TOP\n 620996 6075 BTC.TOP\n 620995 4969 BTC.TOP\n 620962 3605\n 620926 3671 BTC.TOP\n 620903 5031 BTC.TOP\n 620813 3652\n 620655 3966 BTC.TOP\n 620643 4319\n 620488 4058 BTC.TOP\n 620485 4191 BTC.TOP\n 620332 5128 BTC.TOP\n 620331 6599\n 620328 4893\n 620325 6391\n 620314 7993 BTC.TOP\n 620181 10053\n 620178 4315\n 620175 6068\n 620168 8694\n 620026 19146\n 620020 5153\n 619875 6057\n 619871 6157\n 619869 4263\n 619808 3739 BTC.TOP\n 619736 3652\n 619722 7656\n 619674 3794\n 619575 8683 BTC.TOP\n 619539 3702\n 619430 4840\n 619423 9801\n 619389 3862\n 619377 3728 BTC.TOP\n 619351 4256\n 619350 4981\n 619349 5123\n 619281 10944\n 619280 3861\n 619279 4983\n 619276 6631\n 619238 8044\n 619227 3968\n 619203 14757\n 619189 5632\n 619127 10043\n 619125 5725\n 619090 7957\n 619080 4153\n 619068 4711\n 619067 4028\n 619054 6274\n 618985 6294\n 618976 4737\n 618944 4749\n 618939 4651\n 618922 4457\n 618907 5814\n 618903 6563\n 618833 5929\n 618831 4267\n 618830 7402\n 618792 4970\n 618791 5590\n 618756 3720\n 618755 11999\n 618686 7450\n 618683 4016\n 618629 6287\n 618608 4324\n 618606 3881\n 618537 7128\n 618531 4305\n 618493 5356\n 618480 8288\n 618384 10289\n 618347 8620\n 618331 7653\n 618327 3707\n 618279 6803\n 618232 3703\n 618198 4941\n 618196 3983\n 618165 4349\n 618128 9798\n 618081 6702\n 618047 3945\n 617980 7241\n 61... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
8784.49, 8672.46, 8599.51, 8562.45, 8869.67, 8787.79, 8755.25, 9078.76, 9122.55, 8909.95
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['A U.S. court has found a former Microsoft software engineer guilty of embezzling millions of dollars and turning it into bitcoin (BTC) to fund a life of luxury. Volodymyr Kvashuk, 25, was convicted Tuesday by the U.S. District Court in Seattle of 18 separate federal felonies that defrauded Microsoft out of a total of $10 million, according to a statement from the Department of Justice. A Ukrainian citizen based in the town of Renton, Washington, Kvashuk worked full time for Microsoft from 2016 to 2018. Involved in developing and testing the company’s online retail sales platform, he used his account access to steal what is described as “currency stored value” including digital gift cards that he subsequently re-sold on the internet over a seven-month period. Related: Ukraine Justice System Employee Caught Mining Crypto at Work Kvashuk built a lavish lifestyle using the embezzled funds, purchasing a $160,000 Tesla and a lakefront home worth an estimated $1.6 million. After uncovering the scheme, Microsoft confronted Kvashuk and fired him in June 2018. Kvashuk, who claimed at trial to be working on a special project for the company, stole amounts totaling roughly $12,000 under his own account before using test email accounts associated with fellow Microsoft employees to begin embezzling millions of dollars from the company. Changing funds into bitcoin, he would use a mixing service to obfuscate its origins before transferring the ill-gotten gains into his bank account. In total, bitcoin proceeds of over $2.8 million were transferred into his bank account. In tax returns filed during this period, Kvashuk claimed the funds were a gift from a relative. The trial, which lasted five days, found the engineer guilty on five counts of wire fraud, six counts of money laundering, two counts of aggravated identity theft, two counts of filing false tax returns and one count each of mail fraud, bank card fraud and using a company computer for illicit purposes. Story continues Related: Crypto Investor’s Case Against AT&T Over $24M SIM Hack Can Proceed, Judge Rules Speaking after the trial, special agent Ryan Korner from the Internal Revenue Service’s criminal investigations division highlighted that Kvashuk’s conviction was a result of work carried out by the IRS. “Criminals who think they can avoid detection by using cryptocurrency and laundering through mixers are put on notice … you will be caught and you will be held accountable,” he said. Kvashuk faces as much as 20 years in prison when he is sentenced by the presiding judge on June 1. Related Stories Finnish Authorities Have $15M in Seized Bitcoin but Don’t Want to Sell It Officials Arrest US Resident for Allegedly Laundering Drug Proceeds With Crypto', 'A U.S. court has found a former Microsoft software engineer guilty of embezzling millions of dollars and turning it intobitcoin(BTC) to fund a life of luxury.\nVolodymyr Kvashuk, 25, was convicted Tuesday by the U.S. District Court in Seattle of 18 separate federal felonies that defrauded Microsoft out of a total of $10 million, according to astatementfrom the Department of Justice.\nA Ukrainian citizen based in the town of Renton, Washington, Kvashuk worked full time for Microsoft from 2016 to 2018. Involved in developing and testing the company’s online retail sales platform, he used his account access to steal what is described as “currency stored value” including digital gift cards that he subsequently re-sold on the internet over a seven-month period.\nRelated:Ukraine Justice System Employee Caught Mining Crypto at Work\nKvashuk built a lavish lifestyle using the embezzled funds, purchasing a $160,000 Tesla and a lakefront home worth an estimated $1.6 million. After uncovering the scheme, Microsoft confronted Kvashuk and fired him in June 2018.\nKvashuk, who claimed at trial to be working on a special project for the company, stole amounts totaling roughly $12,000 under his own account before using test email accounts associated with fellow Microsoft employees to begin embezzling millions of dollars from the company. Changing funds into bitcoin, he would use a mixing service to obfuscate its origins before transferring the ill-gotten gains into his bank account.\nIn total, bitcoin proceeds of over $2.8 million were transferred into his bank account. In tax returns filed during this period, Kvashuk claimed the funds were a gift from a relative.\nThe trial, which lasted five days, found the engineer guilty on five counts of wire fraud, six counts of money laundering, two counts of aggravated identity theft, two counts of filing false tax returns and one count each of mail fraud, bank card fraud and using a company computer for illicit purposes.\nRelated:Crypto Investor’s Case Against AT&T Over $24M SIM Hack Can Proceed, Judge Rules\nSpeaking after the trial, special agent Ryan Korner from the Internal Revenue Service’s criminal investigations division highlighted that Kvashuk’s conviction was a result of work carried out by the IRS.\n“Criminals who think they can avoid detection by using cryptocurrency and laundering through mixers are put on notice … you will be caught and you will be held accountable,” he said.\nKvashuk faces as much as 20 years in prison when he is sentenced by the presiding judge on June 1.\n• Finnish Authorities Have $15M in Seized Bitcoin but Don’t Want to Sell It\n• Officials Arrest US Resident for Allegedly Laundering Drug Proceeds With Crypto', 'A U.S. court has found a former Microsoft software engineer guilty of embezzling millions of dollars and turning it intobitcoin(BTC) to fund a life of luxury.\nVolodymyr Kvashuk, 25, was convicted Tuesday by the U.S. District Court in Seattle of 18 separate federal felonies that defrauded Microsoft out of a total of $10 million, according to astatementfrom the Department of Justice.\nA Ukrainian citizen based in the town of Renton, Washington, Kvashuk worked full time for Microsoft from 2016 to 2018. Involved in developing and testing the company’s online retail sales platform, he used his account access to steal what is described as “currency stored value” including digital gift cards that he subsequently re-sold on the internet over a seven-month period.\nRelated:Ukraine Justice System Employee Caught Mining Crypto at Work\nKvashuk built a lavish lifestyle using the embezzled funds, purchasing a $160,000 Tesla and a lakefront home worth an estimated $1.6 million. After uncovering the scheme, Microsoft confronted Kvashuk and fired him in June 2018.\nKvashuk, who claimed at trial to be working on a special project for the company, stole amounts totaling roughly $12,000 under his own account before using test email accounts associated with fellow Microsoft employees to begin embezzling millions of dollars from the company. Changing funds into bitcoin, he would use a mixing service to obfuscate its origins before transferring the ill-gotten gains into his bank account.\nIn total, bitcoin proceeds of over $2.8 million were transferred into his bank account. In tax returns filed during this period, Kvashuk claimed the funds were a gift from a relative.\nThe trial, which lasted five days, found the engineer guilty on five counts of wire fraud, six counts of money laundering, two counts of aggravated identity theft, two counts of filing false tax returns and one count each of mail fraud, bank card fraud and using a company computer for illicit purposes.\nRelated:Crypto Investor’s Case Against AT&T Over $24M SIM Hack Can Proceed, Judge Rules\nSpeaking after the trial, special agent Ryan Korner from the Internal Revenue Service’s criminal investigations division highlighted that Kvashuk’s conviction was a result of work carried out by the IRS.\n“Criminals who think they can avoid detection by using cryptocurrency and laundering through mixers are put on notice … you will be caught and you will be held accountable,” he said.\nKvashuk faces as much as 20 years in prison when he is sentenced by the presiding judge on June 1.\n• Finnish Authorities Have $15M in Seized Bitcoin but Don’t Want to Sell It\n• Officials Arrest US Resident for Allegedly Laundering Drug Proceeds With Crypto', "Investing.com - Bitcoin fell bellow the $8,888.4 level on Thursday. Bitcoin was trading at 8,888.4 by 10:16 (15:16 GMT) on the Investing.com Index, down 1.76% on the day. It was the largest one-day percentage loss since February 26.\nThe move downwards pushed Bitcoin's market cap down to $161.8B, or 62.49% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $241.2B.\nBitcoin had traded in a range of $8,538.5 to $8,938.0 in the previous twenty-four hours.\nOver the past seven days, Bitcoin has seen a drop in value, as it lost 7.46%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $51.3B or 26.50% of the total volume of all cryptocurrencies. It has traded in a range of $8,538.5479 to $9,981.0371 in the past 7 days.\nAt its current price, Bitcoin is still down 55.27% from its all-time high of $19,870.62 set on December 17, 2017.\nEthereum was last at $231.49 on the Investing.com Index, down 0.02% on the day.\nXRP was trading at $0.24234 on the Investing.com Index, a gain of 2.51%.\nEthereum's market cap was last at $25.4B or 9.80% of the total cryptocurrency market cap, while XRP's market cap totaled $10.6B or 4.08% of the total cryptocurrency market value.\nRelated Articles\nAhead of Bitcoin Halving, Bitmain Announces Upcoming Antiminer S19\nIT Exec at Kyiv Prosecutor’s Office Illegally Mined Crypto on Office Systems\nEOS Dips Below 3.6330 Level, Down 9%", "Investing.com - Bitcoin fell bellow the $8,888.4 level on Thursday. Bitcoin was trading at 8,888.4 by 10:16 (15:16 GMT) on the Investing.com Index, down 1.76% on the day. It was the largest one-day percentage loss since February 26.\nThe move downwards pushed Bitcoin's market cap down to $161.8B, or 62.49% of the total cryptocurrency market cap. At its highest, Bitcoin' **Last 60 Days of Bitcoin's Closing Prices:** [7422.65, 7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-02-27 **Financial & Commodity Data:** - Gold Closing Price: $1640.00 - Crude Oil Closing Price: $47.09 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.39 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: The United States Secretary of the Treasury Steven Mnuchin on Wednesday told the Congress that the department is bringing in "significant new requirements" for cryptocurrencies. What Happened "[We] are spending a lot of time on [cryptocurrencies,] both [on an] inter agency basis and with the regulators," Mnuchin said in response to a question from New Hampshire senator Maggie Hassan. "We are about to roll out some significant new requirements." According to the treasury secretary, while President Donald Trump's administration wants to "make sure that technology moves forward," it also wants to ensure that cryptocurrencies don't become the equivalent of "old Swiss secret number banking. Why It Matters July last year, the official expressed concerns about Facebook Inc.'s (NASDAQ: FB ) proposed Libra cryptocurrency project, saying it had the potential of being misused. "Cryptocurrencies, such as Bitcoin, have been exploited to support billions of dollars of illicit activity like cybercrime, tax evasion, extortion, ransomware, illicit drugs, human trafficking," Mnuchin said at the time. "Many players have attempted to use cryptocurrencies to fund their malign behavior. This is indeed a national security issue," he added. President Trump expressed similar sentiments at the time, saying he's not a fan of "Bitcoin," or other cryptocurrencies, whose value is based on "thin air." ...and International. We have only one real currency in the USA, and it is stronger than ever, both dependable and reliable. It is by far the most dominant currency anywhere in the World, and it will always stay that way. It is called the United States Dollar! — Donald J. Trump (@realDonaldTrump) July 12, 2019 Mnuchin's comments also come at a time when other officials have hinted that the Federal Reserve is looking into the possibility of a central bank digital currency (CBDC) and what it would entail. Story continues In a separate hearing last week, Fed chairperson Jerome Powell told the Congress that while there's a "lot to weigh and a lot to work on," the central bank is thinking about issuing a CBDC. Price Action The leading cryptocurrency bitcoin (BTC) traded 1.11% higher at $10,415.96 at press time. Among others, ethereum (ETH) added 10.32% at $272.34; XRP (XRP) added 14.36% at 33 cents. See more from Benzinga Harvard And Yale Under Investigation For Allegedly Underreporting Foreign Funding Boeing Laid Off Supervisor Of Pilots Who Exchanged Inappropriate Emails About Safety Bezos Purchases Jack Warner's Former Beverly Hills House For 5M In Record Deal © 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.... - Reddit Posts (Sample): [['u/NanoIsGreen', '0% fee for buying on Binance (EUR, GDP, AUD) - Nano for 0.075 - 0.1% fee', 119, '2020-02-27 01:29', 'https://www.reddit.com/r/nanocurrency/comments/fa3e63/0_fee_for_buying_on_binance_eur_gdp_aud_nano_for/', 'Personally I think this is very good news. It\'s another step in the right direction for crypto (and Binance). I\'m not interested in paying fees so using a credit card is out of the question. It\'s not Dec 2017 any longer so the need to "catch the dip" in a split second isn\'t warranted so I\'m happy to settle with this option.\n\nUsing smaller local exchanges and then waiting for ETH to arrive in my Binance wallet so I could swap it for Nano was also becoming tedious. Also, Binance has volume. I had contacted an Australian Exchange (Independent Reserve) via twitter and email on several occasions over the past 2 years in hopes they would list Nano. They\'ve never been keen (belong to the pro-Bitcoin crowd) so their loss as it was only a matter of time before other exchanges would step up. \n\nBinance has done a really good job helping with adoption in recent months.\n\nRemember - once you buy it, get it off the exchange and into your crypto wallet of choice. Not your keys, not your Nano and it helps with decentralisation.\n\n**How I will get Nano now:** AUD -&gt; BTC (0%) -&gt; swap for Nano (0.1% fee or 0.0075% with BNB)\n\nhttps://preview.redd.it/94dy3cjo0dj41.jpg?width=1473&amp;format=pjpg&amp;auto=webp&amp;s=0200dc2b6ac5c4822101683e1d0246892895ac5f\n\n**Email from Binance:** \n\nDear Satoshi,\n\nBinance is pleased to offer zero-fees when buying crypto with EUR, GBP and AUD via Banxa on the Buy Crypto page.\n\nBanxa is offering a permanent fee reduction to 0% for most of its popular payment methods on Binance, making it more affordable for Binance users to deposit cryptocurrency using their preferred payment methods. These include the following:\n\nPOLi for users in Australia - FREE\n\niDEAL for users in the Netherlands - FREE\n\nFaster Payments Bank Transfer in the United Kingdom - FREE\n\nSEPA for users in the European Union - FREE', 'https://www.reddit.com/r/nanocurrency/comments/fa3e63/0_fee_for_buying_on_binance_eur_gdp_aud_nano_for/', 'fa3e63', [['u/dontlikecomputers', 26, '2020-02-27 04:14', 'https://www.reddit.com/r/nanocurrency/comments/fa3e63/0_fee_for_buying_on_binance_eur_gdp_aud_nano_for/fiw22cx/', 'Goodbye BTCmarkets!', 'fa3e63'], ['u/joris', 10, '2020-02-27 05:44', 'https://www.reddit.com/r/nanocurrency/comments/fa3e63/0_fee_for_buying_on_binance_eur_gdp_aud_nano_for/fiw9jgw/', 'They had to because the competition already offered low fees on buying Nano. I usually use Bitvavo and I get my deposit within seconds on the exchange, and can withdraw Nano for a 0.00 something fee. Also takes seconds to withdraw. \n\nSlow and steady wins the race.\n\nWith these fundamentals Nano has a rock solid foundation for building an ecosystem.', 'fa3e63'], ['u/Soluchain', 12, '2020-02-27 06:15', 'https://www.reddit.com/r/nanocurrency/comments/fa3e63/0_fee_for_buying_on_binance_eur_gdp_aud_nano_for/fiwbri5/', 'Imagine if Appia could integrate this into their solution so that merchants need only supply an account number and they will receive their chosen fiat currency with basically no fees when the retailer is paying in Nano.', 'fa3e63']]], ['u/PoopMonster696969', 'Banned from r/btc', 42, '2020-02-27 03:22', 'https://www.reddit.com/r/nanocurrency/comments/fa4xq1/banned_from_rbtc/', 'I’m fairly new to the idea of cryptocurrency and blockchain tech and still (always) trying to learn the differences between cryptocurrencies and how they work specifically the actual currencies. It seems to me that Nano is literally the only one that is instant, feeless, and secure. \n\nAnyway I was on r/btc and asked the community how it plans to compete with Nano, because in my eyes Nano seems to be faaaar ahead fundamentally, but it seems Nano doesn’t get the exposure that Bcash, Litecoin, and Dash get as far as p2p currencies. Simply asking the question got me banned which I found odd but I don’t really care, it seemed like more of a cult there than anything.\n\nSo I guess my question for this group is, \n\nWhy isn’t Nano as popular as some of these other currencies even though it seems this is the only cryptocurrency that currently works flawlessly as a p2p coin?', 'https://www.reddit.com/r/nanocurrency/comments/fa4xq1/banned_from_rbtc/', 'fa4xq1', [['u/narwhale111', 25, '2020-02-27 03:47', 'https://www.reddit.com/r/nanocurrency/comments/fa4xq1/banned_from_rbtc/fivzk9h/', "You probably got banned because they thought you were a shill. There's a ton of tribalism and due to that a lot of people are seen as just shilling their favorite coin even if that is not their intention.\n\nNano is much less established and uses a (as much as it seems absurd to use this word in this space) less traditional data structure (block lattice) compared to the proven blockchain. PoW is also more proven than Nano's feeless structure.\n\nIf the market was doing better and there was more money going around, I'm sure Nano would start getting more speculative attention as it has the potential to be extremely useful compared to other coins. Before the everlasting dip hit the market Nano started getting some serious hype.", 'fa4xq1'], ['u/daever', 15, '2020-02-27 05:35', 'https://www.reddit.com/r/nanocurrency/comments/fa4xq1/banned_from_rbtc/fiw8tnq/', 'Could have just been your username lol.', 'fa4xq1'], ['u/_PaamayimNekudotayim', 27, '2020-02-27 05:56', 'https://www.reddit.com/r/nanocurrency/comments/fa4xq1/banned_from_rbtc/fiwaf7x/', "&gt; Why isn't Nano as popular\n\nTiming - they say timing is the most important thing in a startup's success. \n\nFirst, Nano didn't gain popularity until late in the 2017 bull run. By then, ETH - which had kicked off the bull run - was already a well known commodity. Nano had it's moment when it mooned, but it was overshadowed by the 100s of other coins that had similar gains. The space became a massive bubble and scam coins like Bitconnect stole the headlines. The space became less about tech and more about making money.\n\nThen the bubble started to burst and shortly after the Bitgrail exchange got hacked (one of the few sources of Nano at the time). Among the FUD of the falling Nano price, people blamed Nano instead of the exchange for their lost funds. A lawsuit formed against the Nano Foundation drained them of developer funds. Nano will win the suit and I'm hoping they choose to counter-sue for damages.\n\nGood news? Nano has by far the best grassroots community I've been a part of. It's a true coin for the people: no fees or inflation that go to huge Chinese mining corps, it fulfills the original goal of crypto by being a P2P currency, and it's fully distributed (no centralized dev team or company controlling the 50+% of the supply). The small and passionate community reminds me of BTC in 2013 before it became a household name.", 'fa4xq1'], ['u/resmaccaveli', 10, '2020-02-27 08:00', 'https://www.reddit.com/r/nanocurrency/comments/fa4xq1/banned_from_rbtc/fiwi3tl/', "\n&gt;You probably got banned because they thought you were a shill. There's a ton of tribalism and due to that a lot of people are seen as just shilling their favorite coin even if that is not their intention.\n\nThats what they say. In reality people get banned there for answering critical questions, because they don't have an answer and just want to keep living in their microcosm. Admitting another project has better solutions for the problems they are facing would be like admitting defeat to them.", 'fa4xq1'], ['u/PoopMonster696969', 12, '2020-02-27 08:44', 'https://www.reddit.com/r/nanocurrency/comments/fa4xq1/banned_from_rbtc/fiwk9dz/', 'Yea I immediately noticed all of the shilling of crap projects and scams all over the place. It was kind of hard to pick out the legit projects from the crap at first . \n\n“A true coin for the people” love that. \nI quickly realized how passionate the community is about the project and I love that. Like I mentioned it’s the only cryptocurrency I’ve used so far that works instantly every single time while also being so truly decentralized. \n\nBlock Lattice architecture is a fascinating concept and I’m surprised more projects aren’t implementing it. \n\nHeard about the Bitgrail hack but it was a little before I started really getting into the space. I didn’t realize the lawsuit had such a big impact on development.', 'fa4xq1'], ['u/tdawgs1983', 10, '2020-02-27 14:23', 'https://www.reddit.com/r/nanocurrency/comments/fa4xq1/banned_from_rbtc/fix0zoz/', "Isn't there still an indirect cost inside the EOS ecosystem?\n\nI'm thinking about the built inflation, so in theory at least your coins loses a tiny bit of value each time you make a transaction.", 'fa4xq1'], ['u/Pilsner_Maxwell', 11, '2020-02-27 14:25', 'https://www.reddit.com/r/nanocurrency/comments/fa4xq1/banned_from_rbtc/fix13z4/', "Trying to get banned for talking about other crypto, I see!... Look into the nuances of EOS and there are some gotchas. Please correct me if I'm wrong, as this is from memory and may be old info.\n\n* Instant transactions require a fee.\n\n* Feeless transactions take time (~2.5 minutes).\n\n* EOS DPOS requires vetting; i.e. is not open to anyone who wishes to participate in consensus.\n\n* Complexity is the enemy of security. So... maybe? Nano's simplicity gives more confidence in security.", 'fa4xq1']]], ['u/AutoModerator', '[Daily Discussion] Thursday, February 27, 2020', 52, '2020-02-27 05:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/fa6a80/daily_discussion_thursday_february_27_2020/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas &amp; 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 dai... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
8672.46, 8599.51, 8562.45, 8869.67, 8787.79, 8755.25, 9078.76, 9122.55, 8909.95, 8108.12
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Crypto exchange OKEx experienced a Distributed Denial-of-Service (DDoS) attack last night, but says no user is affected.\nAn OKEx spokesperson told The Block that the attack was a malicious attempt to disrupt normal traffic of the exchange\'s server with a flood of Internet traffic. OKEx CEO Jay Haodescribedthe attack as "large-scale," on his Weibo account, saying that competitor(s) was behind it.\nOKEx\'s technical support team spotted the attack and reacted "quickly" to resolve the issue, said the spokesperson. "With our 24/7 technical support and monitoring, it was properly handled within a short period of time, and no client is impacted.""We will continue getting well-prepared in protecting users," the spokesperson added.Crypto exchangeBitfinexalso appears to have been targeted by a DDoS attack today. The exchange said on Twitter that it is investigating the issue and will update users as it learns more.\nSeveral exchanges in the past have been a target of DDoS attack, includingHuobiand now-defunct platformBTC-e. US authorities seized BTC-e in 2017 on money laundering charges and also arrested the exchange\'s suspected operator Alexander Vinnik. Last month, French officials alsochargedVinnik with multiple counts, including extortion and money laundering.\nUPDATE (4:35 am EST): This story has been updated with information from Bitfinex.', "Investing.com - Bitcoin fell bellow the $8,654.8 level on Friday. Bitcoin was trading at 8,654.8 by 10:17 (15:17 GMT) on the Investing.com Index, down 2.33% on the day. It was the largest one-day percentage loss since February 26.\nThe move downwards pushed Bitcoin's market cap down to $158.1B, or 62.55% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $241.2B.\nBitcoin had traded in a range of $8,451.9 to $8,898.7 in the previous twenty-four hours.\nOver the past seven days, Bitcoin has seen a drop in value, as it lost 10.56%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $42.9B or 27.13% of the total volume of all cryptocurrencies. It has traded in a range of $8,451.9355 to $9,981.0371 in the past 7 days.\nAt its current price, Bitcoin is still down 56.44% from its all-time high of $19,870.62 set on December 17, 2017.\nEthereum was last at $222.81 on the Investing.com Index, down 3.25% on the day.\nXRP was trading at $0.23523 on the Investing.com Index, a loss of 2.18%.\nEthereum's market cap was last at $24.6B or 9.74% of the total cryptocurrency market cap, while XRP's market cap totaled $10.3B or 4.09% of the total cryptocurrency market value.\nRelated Articles\nWhy Banks Aren’t Banking Your Crypto Startup\nTether Calls Market Manipulation Allegations ‘Reckless and False’\nCBDC Push Takes Ukraine Closer to Crypto Adoption", "Investing.com - Bitcoin fell bellow the $8,654.8 level on Friday. Bitcoin was trading at 8,654.8 by 10:17 (15:17 GMT) on the Investing.com Index, down 2.33% on the day. It was the largest one-day percentage loss since February 26.\nThe move downwards pushed Bitcoin's market cap down to $158.1B, or 62.55% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $241.2B.\nBitcoin had traded in a range of $8,451.9 to $8,898.7 in the previous twenty-four hours.\nOver the past seven days, Bitcoin has seen a drop in value, as it lost 10.56%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $42.9B or 27.13% of the total volume of all cryptocurrencies. It has traded in a range of $8,451.9355 to $9,981.0371 in the past 7 days.\nAt its current price, Bitcoin is still down 56.44% from its all-time high of $19,870.62 set on December 17, 2017.\nEthereum was last at $222.81 on the Investing.com Index, down 3.25% on the day.\nXRP was trading at $0.23523 on the Investing.com Index, a loss of 2.18%.\nEthereum's market cap was last at $24.6B or 9.74% of the total cryptocurrency market cap, while XRP's market cap totaled $10.3B or 4.09% of the total cryptocurrency market value.\nRelated Articles\nWhy Banks Aren’t Banking Your Crypto Startup\nTether Calls Market Manipulation Allegations ‘Reckless and False’\nCBDC Push Takes Ukraine Closer to Crypto Adoption", "Bitcoin Dips Below 8,654.8 Level, Down 2% Investing.com - Bitcoin fell bellow the $8,654.8 level on Friday. Bitcoin was trading at 8,654.8 by 10:17 (15:17 GMT) on the Investing.com Index, down 2.33% on the day. It was the largest one-day percentage loss since February 26. The move downwards pushed Bitcoin's market cap down to $158.1B, or 62.55% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $241.2B. Bitcoin had traded in a range of $8,451.9 to $8,898.7 in the previous twenty-four hours. Over the past seven days, Bitcoin has seen a drop in value, as it lost 10.56%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $42.9B or 27.13% of the total volume of all cryptocurrencies. It has traded in a range of $8,451.9355 to $9,981.0371 in the past 7 days. At its current price, Bitcoin is still down 56.44% from its all-time high of $19,870.62 set on December 17, 2017. Elsewhere in cryptocurrency trading Ethereum was last at $222.81 on the Investing.com Index, down 3.25% on the day. XRP was trading at $0.23523 on the Investing.com Index, a loss of 2.18%. Ethereum's market cap was last at $24.6B or 9.74% of the total cryptocurrency market cap, while XRP's market cap totaled $10.3B or 4.09% of the total cryptocurrency market value. Related Articles Why Banks Aren\x92t Banking Your Crypto Startup Tether Calls Market Manipulation Allegations \x91Reckless and False\x92 CBDC Push Takes Ukraine Closer to Crypto Adoption", 'Bitcoin is on the brink of a major correction this weekend after suffering an 18% slide over the past 15 days. With it now trading below the daily 200 moving average downside price targets at both $8,450 and $7,830 have emerged . The $7,830 level of support is intriguing as it is in confluence with the diagonal trendline dating back to the start of 2019 when Bitcoin was worth just $3,350. A potential breakdown from that level would see Bitcoin trade outside the trendline for the first time in more than a year \x96 a clear indicator of a bear market. However, it\x92s worth noting that Bitcoin has enjoyed a fruitful year to date with it still being 27% up since January 1. As a result, several analysts remain bullish on Bitcoin and cryptocurrencies especially in light of recent turmoil in traditional markets. Bitcoin is often described as \x91digital gold\x92, with gold being a common hedge to global equity markets. As coronavirus sweeps across the globe at an alarming rate, economic instability is to be expected, and could well drive the price of Bitcoin to the upside. Another point from a bullish perspective is that Bitcoin will undergo a block reward halving in May \x96 an event that has historically been kind to cryptocurrency due to a reduction in supply. Both bullish scenarios are based on macro time-frames, whereas immediate price action is signalling a move to the downside. As previously noted, the key levels of support to monitor are $8,450 and $7,830, while a break above $8,830 would indicate a move back into the $9,000 region. For more news, guides and cryptocurrency analysis, click here . Bitcoin pricing Current live BTC pricing information and interactive charts are available on our site 24 hours a day. The ticker bar at the bottom of every page on our site has the latest Bitcoin price. Pricing is also available in a range of different currency equivalents: US Dollar \x96 BTCtoUSD British Pound Sterling \x96 BTCtoGBP Story continues Japanese Yen \x96 BTCtoJPY Euro \x96 BTCtoEUR Australian Dollar \x96 BTCtoAUD Russian Rouble \x96 BTCtoRUB About Bitcoin In August 2008, the domain name bitcoin.org was registered. On 31st October 2008, a paper was published called \x93Bitcoin: A Peer-to-Peer Electronic Cash System\x94. This was authored by Satoshi Nakamoto, the inventor of Bitcoin. To date, no one knows who this person, or people, are. The paper outlined a method of using a P2P network for electronic transactions without \x93relying on trust\x94. On January 3 2009, the Bitcoin network came into existence. Nakamoto mined block number \x930\x94 (or the \x93genesis block\x94), which had a reward of 50 Bitcoins. More BTC news and information If you want to find out more information about Bitcoin or cryptocurrencies in general, then use the search box at the top of this page. Here\x92s an article to get you started. As with any investment, it pays to do some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. This page is not recommending a particular currency or whether you should invest or not. Disclaimer: The views and opinions expressed by the author should not be considered as financial advice.', 'Bitcoin is on the brink of a major correction this weekend after suffering an 18% slide over the past 15 days. With it now trading below the daily 200 moving average downside price targets at both $8,450 and $7,830 have emerged . The $7,830 level of support is intriguing as it is in confluence with the diagonal trendline dating back to the start of 2019 when Bitcoin was worth just $3,350. A potential breakdown from that level would see Bitcoin trade outside the trendline for the first time in more than a year \x96 a clear indicator of a bear market. However, it\x92s worth noting that Bitcoin has enjoyed a fruitful year to date with it still being 27% up since January 1. As a result, several analysts remain bullish on Bitcoin and cryptocurrencies especially in light of recent turmoil in traditional markets. Bitcoin is often described as \x91digital gold\x92, with gold being a common hedge to global equity markets. As coronavirus sweeps across the globe at an alarming rate, economic instability is to be expected, and could well drive the price of Bitcoin to the upside. Anoth **Last 60 Days of Bitcoin's Closing Prices:** [7293.00, 7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-02-28 **Financial & Commodity Data:** - Gold Closing Price: $1564.10 - Crude Oil Closing Price: $44.76 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.40 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Tesla Inc (NASDAQ: TSLA ) CEO Elon Musk was right to say during the company's conference call that retail investors "have deeper" insights compared to some Wall Street analysts, according to CNBC's Jim Cramer. Tesla Vs. Netflix, Amazon Retail investors who appreciate Tesla's products ended up "loving the stock," Cramer said on CNBC. A similar trend played out years ago when early Netflix Inc (NASDAQ: NFLX ) and Amazon.com, Inc. (NASDAQ: AMZN ) customers similarly recognized an investment opportunity in the respective stocks, he said. In contrast, Wall Street analysts are always trying to "catch up" with Tesla's stock, Cramer said, adding that the most recent example comes courtesy of Bernstein's Toni Sacconaghi with a note titled "It's Hard To Win A Religious War." "This is basically a messianic situation and you have lapdog retail investors," Cramer said. Tesla Vs. Bitcoin Bitcoin maven Mike Novogratz said on "Bloomberg Markets" that Tesla is showing many similarities to digital coins. The electric automaker's stock is no longer built on any fundamentals; rather, it trades with the philosophy that "any good news is going to shoot it up." Tesla, much like Bitcoin, is based on a concept that is "so powerful it sucks everyone in," much like a bubble, he said. At the same time, there is nothing stopping the stock's upward momentum from continuing over time, Novogratz said. "I got cocky and tried to pick the top of a bubble and I got a black eye," he said. Novogratz said he is short Tesla's stock and expects to cover his position "without that much pain" in the coming days when shares reverse course. In the meantime, he said he still loves his two Tesla vehicles. The stock was trading 10.7% higher at $643.16 at the time of publication Thursday. Related Links: Continuing A Run Of Good Fortune, Tesla Posts Second Quarterly Profit 'Exponential Growth': Tesla's Scale, Ambition Hurts Bears After Another Big Quarter Photo courtesy of Tesla. 0 See more from Benzinga Analyst Acknowledges 'Rude Awakening' On Tesla, But Remains Cautious CFRA Analyst To Tesla Investors: Sell Your Stock Cramer: Tesla Is A Tech Company On Wheels, Unlike Ford And GM © 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.... - Reddit Posts (Sample): [['u/PotatoPDX', 'Helpful Skill that seems overlooked by many content/guide creators', 54, '2020-02-28 02:22', 'https://www.reddit.com/r/EscapefromTarkov/comments/famoc1/helpful_skill_that_seems_overlooked_by_many/', "PMC Timing windows at high traffic areas: \n\n\nTo preface, I'm primarily a customs player (That's all I really had back in the day when I first got the game, just came back after a long break). I will be mostly focusing on this map for examples, but the skills can be applied to other maps to relative success. This seems to be more applicable to Customs over because of it's linear nature. Also, I'm not talking about rushing over to another PMC spawn location and trying to get a cheeky kill. \n\n\nFirst off, this is an idea to play with once you already have a solid understanding of the map layout/extracts/loot/hot spots/etc. \n\n\nCustoms is a very linear map, at first glance it looks pretty open but there's a massive choke point at the train bridge near gas station (and the railroad north) that every player is required to cross if they want to use their guaranteed exfil location (ZB1011 or Customs area depending on spawn). This narrows down the number of routes that players will realistically take on their runs and leads to some pretty consistent player behavior. Basically everyone that spawns on the east is trying to get over to Customs/trailer park eventually, while PMCs that spawned in the west are trying to get to ZB-1011. Getting a feel of these patterns can make you better at whatever you're objective is for that run (avoiding fights or finding them). This isn't running away or towards gunfire, this is predicting where and when that gunfire is going to be before it happens. \n\n\nThis helps you make decisions about your movement to exploit these patterns, and make you more efficient in your navigation. It informs your risk matrix and lets you make more aggressive moves around the map instead of crab walking around looting duffle bags and listening for footsteps. It can turn rats into hyenas, and chads into wrecking balls. \n\n\n**Early Game (35 min-25ish min remaining):** \nKnow your spawns, know where the most likely PMC spawns near you, engage or avoid based on preference. Dorms/Big Red / the cross between shipping yard and ZB-1011 area will be hot zones skirmishes breaking out. (Sub-Station can also be contentious at this point if the PMC that has the best dorms spawn chooses not to go there). If you're goal is to avoid early fights, you can rush to RUAF roadblock from the west spawns to farm the group of scavs and sniper. the east can stay in the warehouses or try to make an riskier play to military checkpoint. \n\n\nI tend to play the early game very passively. 35 minutes is a long time and I don't need to open 30 boxes if I can just shoot one guy instead. I'll grab hidden stashes as I slowly clear a zone, maybe kill a few scavs without making too much commotion, and listen for PMCs moving in my area for opportunistic early kills. \n\n\n**Mid Game (25-17ish minutes remaining):** \nRemaining PMCs will most likely be near the middle of the map if they did not rush for an early exfil. Gas Station, Train bridge, and the woods east of dorms become high traffic areas. A great time to pick off geared players leaving dorms. Factory Shacks and construction can also be busy. A wave of player Scavs will enter the game around this time (some spawn much earlier but the majority of my scav runs drop me in during this window). They have their own tendencies but I'm not going to cover that here, just be aware that there will be some x-factors floating around in random locations. If you're ratting it up, you can look to clean up missed loot in the big red area or the far east warehouse with the weapon crates and key spawn with lower risk. Scav Checkpoint tends to be safer at this time to grab weapon parts and consumables. \n\n\nThis can either be the most boring part of your run or the most hectic. I feel pretty safe sprinting from the spawn areas to intermediate areas before the choke point. Sure you'll sometimes get bushwanked by someone who's slow playing, but we're working with probabilities and risk tolerance here. I look for long sightlines and vantage points into the middle of the map, this will be you best opportunity to engage geared PMCs leaving dorms (besides rushing into dorms of the break which is very high variance for an average player). Or if you're just ratting it up this will be your time to farm scavs in the spawn areas and clean up extra loot left behind. \n\n\n**Late Game (17-10ish minutes remaining):** \nTwo Words: Rat. Heaven. \nIf you arrive at dorms with 15 minutes remaining, the probability of walking in to an empty building full of rasha and his guard's corpses all half looted is hilariously high. You're not going to be grabbing any Beta 2s or bitcoins, but there is almost always abandoned AVS rigs, AK variants (attachments and all), Helmets (class 3/4), Commtacs, nades, magazines, ammo, meds, etc. The number of times I've walked out with 600k-1mil uncontested is shockingly high, especially given Custom's reputation of being a map with B or even C tier loot. If you bring Keys in, the chances of most if not all of the locked dorms aside from marked room seems to be about 70-80%. Even when arriving this late. Chads are mostly exfiled at this point, fights will be scattered and unpredictable but you'll still find people cleaning up bodies at gas station pretty often. \n\n\nI always go dorms in this timing window. An overwhelming majority of the time, I'm dealing with a couple AI or a player scav if not just walking into an empty building. If rashala was killed by the marked room rushers, you basically just punched your ticket. tetris it up and try to maximize profit per slot, listen for other rats looking for scraps. plan to leave when you've cleaned the place or there's about 10 minutes left giving you time to check gas station for late players or more loot. If the game flow doesn't allow you to get there, you can find kills near the extracts or on the map border while people try to scurry out \n\n\n**Super Late game (Less than 10 min remaining):** \nThis is the part of the game that can take your good run to an amazing one, it can also be heartbreak o'clock. Most of the map will be picked through, but if you haven't made it to dorms and you have an exfil close to it it's worth checking. \n\n\nThe bread and butter of the super late game is trying to pick off the rats that are doing a lot of what I described above. Make-shit bridge and the pipe running from Gas station to Military checkpoint are great spots to ruin someone's raid and grab their perfectly organized bags of goodies. To a lesser extent, Land bridge south can have opportunities as well. \n\n\n \n\n\nI've ended putting in more of a step by step on how I like to play customs than intended, but the real point is to use player tendencies at certain timing windows to make decisions that fit your game plan. I know that fast players are often going to be leaving gas station heading west around 20-25 minutes remaining. I know I can happily sprint over to dorms at 12 min remaining and more often then not, my noise won't be exploited. This 'reckless' movement gives me more time to hit gas station after while still having time to exfil. At sub 8 minutes or so you're most likely dealing with at most 2-3 player scavs or PMCs in your half of the map and you can make moves much more aggressively and loot more greedily. Craft your strategy around these timings to make your runs more efficient, safer, or more action packed.\n\n \n\n\n**TL;DR - Learn how players tend to move around the map along with the timing of WHEN they will most likely be in certain places to make better decisions. Memorize the timings to make your scav runs faster and your PMC runs more efficient.**", 'https://www.reddit.com/r/EscapefromTarkov/comments/famoc1/helpful_skill_that_seems_overlooked_by_many/', 'famoc1', [['u/PotatoPDX', 11, '2020-02-28 02:35', 'https://www.reddit.com/r/EscapefromTarkov/comments/famoc1/helpful_skill_that_seems_overlooked_by_many/fiz47qr/', "Sometimes you're the windshield, sometimes you're the bug xD \n\n\nI definitely walk into guns sometimes. I had a hard time articulating the idea of risk matrices / game theory without sounding like a complete twat. When I sprint into dorms at 15 minutes, crashing up the fire escape, there's definitely a chance that I walk into a firing squad. but it's at a frequency that it's worth the time saved by running to allow me to hit 2-3 more spots before getting out. \n\n\nMy favorite is when you're in one of those magical lobbies where no one went dorms and you pop that door and walk in ready to scavenge while rashala and friends guns you down like a dog in the street.", 'famoc1']]], ['u/kensav', "Wonder what bitcoin's public enemy #1 Brad Sherman is doing lately?", 106, '2020-02-28 03:56', 'https://www.reddit.com/r/Bitcoin/comments/fanxlu/wonder_what_bitcoins_public_enemy_1_brad_sherman/', '"Sherman said Bitcoin had no real use other than to fund illicit activities and warned about the risks cryptocurrencies pose to the political and financial stability in the U.S."\n\n&amp;#x200B;\n\n[Is this guy serious?](https://reddit.com/link/fanxlu/video/be6wgn00wkj41/player)', 'https://www.reddit.com/r/Bitcoin/comments/fanxlu/wonder_what_bitcoins_public_enemy_1_brad_sherman/', 'fanxlu', [['u/Mark_Bear', 49, '2020-02-28 04:18', 'https://www.reddit.com/r/Bitcoin/comments/fanxlu/wonder_what_bitcoins_public_enemy_1_brad_sherman/fizd7qd/', 'We\'ve had drug dealers for decades, many decades, Mr. Sherman. They use US Dollars, by the way, you stupid fuck. \n\nCryptocurrency will mean that the Federal government "can\'t fund cancer research"? Really? Who is your drug dealer? What kind of drugs are you on? Did you pay for them with a cryptocurrency?\n\nMr. Sherman, please go fuck yo... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
8599.51, 8562.45, 8869.67, 8787.79, 8755.25, 9078.76, 9122.55, 8909.95, 8108.12, 7923.64
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:** ['Most investors are aware of the potential for explosive returns with cryptocurrencies, but there’s another reason why they might deserve a home in your portfolio …\nToo much concentration in your portfolio can be dangerous.\nInvestors overly-concentrated in airline stocks have experienced this first-hand in the last two weeks.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nAs you likely know, the spread of coronavirus has global investors worried about the hit on profits for airlines. This has led to huge selling pressure on airline stocks.\nThe ETF “JETS” holds the biggest airlines in the world — Southwest, Delta, American, United, JetBlue, you name it.\nOver the prior two weeks, through Friday morning as I write, JETS has cratered 25% compared to the S&P’s 15% decline.\nEarlier this week in theDigest, we talked about the pain many investors feel when their portfolios are performing worse than the market. How would you like being down 67% more than the market right now?\nSo, how does an investor prevent this?\nYou’re probably already way ahead of me … Diversification.\nIn other words, you spread your wealth over a wide array of different assets. This is Investing 101.\nBut what might surprise you is which asset class has recently proven to be a powerful diversifier …\nCryptocurrencies.\nIf you’ve been following Matt McCall and his research in the crypto space, you know there’s a lot to be excited about today. After all, historical crypto performance suggests the upcoming halvening this spring could bring gains in the thousands of percent to bitcoin and elite altcoins.\nBut today, let’s look at a less-discussed reason to own some cryptocurrencies — their role as a diversifier in your portfolio.\nAs you’ll see, since the coronavirus reared its head roughly nine weeks ago, having some of your wealth in quality cryptocurrencies would have left you in far better shape than having your money 100% in the stock market … and this is true despite crypto’s increased volatility and recent pullback.\nToday, let’s jump into the details.\n***The crypto space isn’t just about moonshots\nAsk your average investor why anyone should own a cryptocurrency and the answer will likely boil down to one thing — a chance to hit a homerun and score an outrageous return, potentially, thousands of percent.\nThat’s true.\nTo illustrate, here’s Matt from his service,Ultimate Crypto, discussing the returns of bitcoin and various altcoins during past halvenings.\n(If you’re new to theDigestand aren’t sure what a halvening is, it’s a unique event in the crypto world in which bitcoin “miners” see their reward for mining new bitcoin cut in half. Huge gains have surrounded the past two halvening events.)\nReturning to Matt:\nLooking back over the last two halvenings, investing in specific altcoins would have made significantly more money.\nDuring the same period in which bitcoin climbed 4,500% surrounding the second halving, an altcoin called Einsteinium shot up over 580,000%. That’s 129 times the gains bitcoin made investors during its massive run. For perspective, that would have turned $5,000 into $29 million. Talk about a life-changing investment.\nIf that doesn’t excite you, try this: Another altcoin called verge shot up over 63,000%. That’s more than 630 times your investment!\nBut the potential for moonshot returns isn’t the only reason to own cryptos today. Let’s return to the lesser-known benefit of how cryptos can help diversify your portfolio.\n***The nuts and bolts of diversification\nWhen you have a diversified portfolio, you own different assets that respond to various market conditions in different ways. One zigs while another zags. In other words, you want assets that are uncorrelated — they don’t all rise or fall in unison.\nBack to Matt:\nThe current market environment highlights more reasons why cryptos should be part of a well-diversified portfolio. First, of course, is the potential to make a lot of money off them …\nSecond, cryptos’ performance is largely uncorrelated to the stock market. That means the sector doesn’t trade in sync with the market. It trades mostly on its own. Right now is a great example of what cryptos can add to a portfolio.\nSo, what is Matt talking about?\nWell, CIX100 is a basket of the 100 largest crypto-coins in the market. As of Matt’s issue that published on Tuesday, the CIX100 was up 16.4% over the prior 30 days. Over that same period, the S&P was down 5.25%.\nOne zigs, the other zags.\nIf we zero in on bitcoin specifically, comparing it to the S&P, we see another illustration of widely-variant returns.\nChinese authorities originally reported the first coronavirus case on December 31. Below, you’ll see bitcoin’s market performance compared to the S&P 500 since then.\nWhile the S&P is down 10%, bitcoin is up 20%.\nWe see the same correlation benefit (or “lack of correlation” benefit) if we look at smaller altcoins.\nIn Matt’sUltimate Cryptoportfolio, he currently holds six altcoins. As of his new issue on Tuesday, these coins were up an average of 32.8% in just seven weeks — and again, that’s while the S&P has been suffering.\nAs I look at Matt’s portfolio here on Friday morning, all the recommendations are still up, and I’m still specific gains of 94%, 31%, and 26%, among others.\n***Now, let’s be clear about the point we’re making …\nA crypto skeptic will say “fine, cryptos may still be up, but they’ve pulled back substantially in the last few days.”\nThat’s absolutely true. And it’s a reason why any investor’s allocation to cryptocurrencies needs to be sensible, and in keeping with his/her risk profile.\nBut a few additional responses …\nOne, while it’s fantastic that Matt’s crypto recommendations are doing so well collectively, the point of today’sDigestis that they’re performingindependentlyof the broad stock market — again, the diversification element. The fact that cryptos have pulled back over the last week or so in no way diminishes this.\nTwo, volatility in the space should hardly be a surprise. That’s the nature of this asset class. Plus, by definition, you can’t separate downward volatility from upward volatility.\nIt’s funny how people tend to equate “volatility” with “falling prices.” But volatility simply refers to the variance of returns — so, there’s also “good, upward” volatility (which no one complains about) … and cryptos have had a lot of that so far in 2020.\nAs we noted in aDigestlast week, as of earlier in February when bitcoin was pushing 42% higher on the year, many altcoins were enjoying even bigger gains. At February highs, Bitcoin SV had popped 209% since the turn of the year. Bitcoin cash tacked on 113%, and dash added 195%. Meanwhile, crypto-favorites Ethereum, Ripple, and Litecoin tacked on 60%, 47%, and 78% respectively, as of earlier this month.\nIf we’re going to enjoy this type of upward volatility, we have to be prepared for the inevitable downward volatility too.\n***The homerun potential of altcoins\nEven though today’sDigestis intended to highlight the diversification benefit of cryptocurrencies, let’s end with a hat-tip to the primary reason we own them — the potential for outrageous returns.\nWhere do we stand today with that?\nBack to Matt:\nAll signs continue to point to higher crypto prices in the coming weeks and months, no matter what stocks do …\nPeople in the know are getting ready for the halvening that will occur in mid-May, just as we are. But most investors are still in the dark. As the buzz picks over up the next couple of months, there is a great chance that bitcoin will rally through its all-time high set in 2017. That would be a 100%+ gain from today’s prices.\nWhy am I talking about bitcoin when it is not even in our Ultimate Crypto portfolio? Well, as goes bitcoin, so go a lot of the altcoins. Bitcoin is up about 30% this year, when many altcoins are up more … and some up well into the triple digits.\nIf history repeats itself and bitcoin rallies into and through the halvening, smaller altcoins will do even better. That’s why we have six top-rated altcoins in the portfolio … and why they have outperformed bitcoin since the creation of the portfolio.\nMatt is so bullish on his altcoins that’s he raising his buy limits on several of them. You see, Matt’s initial recommendation timing was spot-on, so in the days following his recommendations, his altcoins blew past his buy-limit prices.\nBut given his continuing research in the space, Matt is bullish enough to up the buy-price for some of his coins. That, combined with this recent pullback, makes four of his coins actionable at the time of this writing. To learn more,click here.\nStepping back, the last few days in the market illustrates why a diversified portfolio is needed to help reduce portfolio drawdowns and soothe frayed nerves. And it turns out, the crypto world offers such a diversification benefit … on top of its homerun potential.\nIf you haven’t considered a small allocation to altcoins for your portfolio, give it a look.\nHave a good evening,\nJeff Remsburg\nThe postThe Surprising Benefit of Altcoinsappeared first onInvestorPlace.', 'Most investors are aware of the potential for explosive returns with cryptocurrencies, but there\x92s another reason why they might deserve a home in your portfolio \x85 Too much concentration in your portfolio can be dangerous. Investors overly-concentrated in airline stocks have experienced this first-hand in the last two weeks. InvestorPlace - Stock Market News, Stock Advice & Trading Tips As you likely know, the spread of coronavirus has global investors worried about the hit on profits for airlines. This has led to huge selling pressure on airline stocks. The ETF \x93JETS\x94 holds the biggest airlines in the world \x97 Southwest, Delta, American, United, JetBlue, you name it. Over the prior two weeks, through Friday morning as I write, JETS has cratered 25% compared to the S&P\x92s 15% decline. Earlier this week in the Diges **Last 60 Days of Bitcoin's Closing Prices:** [7193.60, 7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-02-29 **Financial & Commodity Data:** - Gold Closing Price: $1564.10 - Crude Oil Closing Price: $44.76 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.38 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoinhas just recorded its best January performance in seven years. The cryptocurrency started the month at $7,208, according to data by CoinMarketCap and finished the month yesterday on $9,395. That's a gain of more than 30%. That last time Bitcoin performed this well in the first month of the year was in 2013, where it saw a 54.50% rally. Looking back over other years, Bitcoin's January performance has been split equally between rises and falls. While 2013 was the currency's biggest gain, 2015 saw the coin's price drop 32% in one month, and in 2018, by 29%. But this year is different. In fact, Bitcoin's price came just short of beating its three month high of $9,488 recorded on November 4. So what's got the price heading in this direction? There have been several reasons. Earlier in the month, Bitcoin watchers pointed to the US's sudden drone strike against one of Iran's leading generals as the reason for Bitcoin's steady climb out of its low point of $6,597 recorded on December 17. Within hours of the attack, the price of Bitcoin (along with oil prices) shot up to $7,339. While traditional assets like oil and gold see price rises during periods of uncertainty, Bitcoin has been historically less predictable when it comes to similar geopolitical events. Instead, several industry leaders—including e-Toro’s Mati Greenspan and Matthew Graham of Sino Global Capital—believe the currency’s price is growing because Iranians are buying up Bitcoin as the political environment heats up. But within a week, theprice of bitcoin had cooled. Next, Bitcoin watchers looked to the Chinese New Year as another cause of the coin's continued rise. But historically, the opposite has been true. Chinese New Year often falls at the same time as a price dump and increased market volatility. The reason, according to some, lies with the tradition of Hóngbāo, which roughly translates to "red package." Every year, millions of red envelopes containing cash are given out as gifts to friends and families. Bitcoin hodlers could, in theory, exchange their Bitcoin for cash for the occasion. Such a sustained sell-off could be sufficient to change the dynamics of supply and demand such that supply outstrips demand, causing Bitcoin prices to tumble as exchange volume drops. But the opposite was true. Across the period, there wasn't the big sell-off like there had been in previous years. Some have suggested theCorona Virushas hampered people's ability to spend time with family. The last and possibly the most plausible reason for Bitcoin's stellar January is the Halvening. In May of this year, the reward for mining a block on the Bitcoin network will half from its current 12.5 BTC to just 6.25 BTC per block. Some believe this reduction in the number of Bitcoin being produced will cause the price to go up. Some have suggested in anticipation of the event, the price has startled to tick upwards.Tyler and Cameron Winklevossspoke confidently about the Halvening being "big for Bitcoin". But like anything crypto, for every opinion, there is an equal and opposite one saying something completely different. Crypto luminaries like Meltem Demirors have argued that as the event is known and predictable meaning the price is unlikely to rise in response. But whatever your opinion, January has been a good month for Bitcoin. Will February follow suit?... - 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.
8562.45, 8869.67, 8787.79, 8755.25, 9078.76, 9122.55, 8909.95, 8108.12, 7923.64, 7909.73
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:** ['Bitcoin fell by 1.91% on Saturday. Following on from a 1.11% fall on Friday, Bitcoin ended the day at $8,561.5.\nA relatively bullish start to the day saw Bitcoin strike a mid-morning intraday high $8,829.0 before hitting reverse.\nFalling short of the first major resistance level at $8,939.17, Bitcoin slid to a final hour intraday low $8,557.3.\nIn spite of the reversal, Bitcoin steered clear of the first major support level at $8,495.97.\nThe bearish end to the month left Bitcoin down by 8.6% for the month of February.\nThe near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, with Bitcoin struggling to break out from $10,000 levels.\nFor the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.\nAcross the rest of the top 10 cryptos, it was a mixed day for the crypto majors.\nBinance Coin bucked the trend on Saturday, gaining 1.10%.\nIt was a bearish end to the month for the rest of the pack, however.\nCardano’s ADA, Ethereum, and Monero’s XMR led the way down, with losses of 5.80%, 4.32%, and 4.15% on Saturday.\nBitcoin Cash ABC (-3.22%), Bitcoin Cash SV (-3.19%), Litecoin (-3.23%), Ripple’s XRP (-3.13%), Stellar’s Lumen (-3.21%), and Tron’s TRX (-3.54%) also saw heavy losses.\nEOS and Tezos saw modest losses of 0.21% and 1.94% on the day.\nIt was also a mixed month for the crypto majors.\nBinance Coin, Ethereum, and Tezos made gains in February, with Tezos surging by 65.6%. Binance Coin and Ethereum saw more modest gains of 5.37% and 20.92% respectively.\nThe rest of the pack saw red, however.\nBitcoin Cash SV and Bitcoin Cash ABC led the way down, with losses of 22.94% and 17.95% respectively.\nCardano’s ADA (-12.34%), EOS (-15.30%), Litecoin (-14.60%), and Tron’s TRX (-10.94%) also saw double-digit losses.\nMonero’s XMR (-8.36%), Ripple’s XRP (-4.22%), and Stellar’s Lumen (-6.59%) saw more modest losses.\nThrough the current week, the crypto total market cap rose to a Monday high $290.09bn before hitting a low Friday low $241.74bn. At the time of writing, the total market cap stood at $247.29bn.\nFor February, the market cap managed to hit $307bn levels before easing back.\nBitcoin’s dominance rose to 64% levels in the week before easing back. At the time of writing, Bitcoin’s dominance stood at 63.8%, which was still up from sub-63% levels seen on Monday.\nTrading volumes hit a current week high $196.34bn on Thursday before sliding back to sub-$130bn levels. At the time of writing, 24-hr volumes stood at $133.27bn.\nAt the time of writing, Bitcoin was up by 1.33% to $8,675.3. A choppy start to the day saw Bitcoin fall to an early morning low $8,547.0 before striking a high $8,716.5.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a bullish start to the day for the majors.\nBitcoin Cash ABC (+4.06%) and Bitcoin Cash SV (+9.57%) led the way.\nCardano’s ADA and Monero’s XRM trailed the back, with early gains of 1.85% and 1.74% respectively.\nBitcoin would need to move back through to $8,700 levels to bring the first major resistance level at $8,741.23 back into play.\nSupport from the broader market would be needed, however, for Bitcoin to break out from the morning high $8,716.5.\nBarring an extended crypto rally, the first major resistance level would likely pin Bitcoin back on the day.\nIn the event of a crypto rally, the second major resistance level at $8,920.97 and resistance at $9,000 could come into play.\nFailure to move back through $8,700 levels could see Bitcoin hit reverse.\nA fall back through to sub-$8,650 levels would bring the first major support level at $8,469.53 into play.\nBarring an extended crypto sell-off, however, Bitcoin should well steer clear of the second major support level at $8,365.2 and the 23.6% FIB of $8,200.\nThisarticlewas originally posted on FX Empire\n• China’s Services Sector Shrank at Record Pace, but Analysts See Rebound in March\n• Crude Oil Weekly Price Forecast – Crude Oil Markets Take a Beating for the Week\n• China February Manufacturing PMI Drops to Record Low\n• EUR/USD Forex Technical Analysis – Failed Rally Could Trigger Pull-back into 1.0916 – 1.0883\n• U.S Mortgage Rates Hit Reverse with More on the Way\n• EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 01/03/20', 'Bitcoin fell by 1.91% on Saturday. Following on from a 1.11% fall on Friday, Bitcoin ended the day at $8,561.5. A relatively bullish start to the day saw Bitcoin strike a mid-morning intraday high $8,829.0 before hitting reverse. Falling short of the first major resistance level at $8,939.17, Bitcoin slid to a final hour intraday low $8,557.3. In spite of the reversal, Bitcoin steered clear of the first major support level at $8,495.97. The bearish end to the month left Bitcoin down by 8.6% for the month of February. The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, with Bitcoin struggling to break out from $10,000 levels. For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the top 10 cryptos, it was a mixed day for the crypto majors. Binance Coin bucked the trend on Saturday, gaining 1.10%. It was a bearish end to the month for the rest of the pack, however. Cardano’s ADA, Ethereum, and Monero’s XMR led the way down, with losses of 5.80%, 4.32%, and 4.15% on Saturday. Bitcoin Cash ABC (-3.22%), Bitcoin Cash SV (-3.19%), Litecoin (-3.23%), Ripple’s XRP (-3.13%), Stellar’s Lumen (-3.21%), and Tron’s TRX (-3.54%) also saw heavy losses. EOS and Tezos saw modest losses of 0.21% and 1.94% on the day. It was also a mixed month for the crypto majors. Binance Coin, Ethereum, and Tezos made gains in February, with Tezos surging by 65.6%. Binance Coin and Ethereum saw more modest gains of 5.37% and 20.92% respectively. The rest of the pack saw red, however. Bitcoin Cash SV and Bitcoin Cash ABC led the way down, with losses of 22.94% and 17.95% respectively. Cardano’s ADA (-12.34%), EOS (-15.30%), Litecoin (-14.60%), and Tron’s TRX (-10.94%) also saw double-digit losses. Monero’s XMR (-8.36%), Ripple’s XRP (-4.22%), and Stellar’s Lumen (-6.59%) saw more modest losses. Story continues Through the current week, the crypto total market cap rose to a Monday high $290.09bn before hitting a low Friday low $241.74bn. At the time of writing, the total market cap stood at $247.29bn. For February, the market cap managed to hit $307bn levels before easing back. Bitcoin’s dominance rose to 64% levels in the week before easing back. At the time of writing, Bitcoin’s dominance stood at 63.8%, which was still up from sub-63% levels seen on Monday. Trading volumes hit a current week high $196.34bn on Thursday before sliding back to sub-$130bn levels. At the time of writing, 24-hr volumes stood at $133.27bn. This Morning At the time of writing, Bitcoin was up by 1.33% to $8,675.3. A choppy start to the day saw Bitcoin fall to an early morning low $8,547.0 before striking a high $8,716.5. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a bullish start to the day for the majors. Bitcoin Cash ABC (+4.06%) and Bitcoin Cash SV (+9.57%) led the way. Cardano’s ADA and Monero’s XRM trailed the back, with early gains of 1.85% and 1.74% respectively. For the Bitcoin Day Ahead Bitcoin would need to move back through to $8,700 levels to bring the first major resistance level at $8,741.23 back into play. Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $8,716.5. Barring an extended crypto rally, the first major resistance level would likely pin Bitcoin back on the day. In the event of a crypto rally, the second major resistance level at $8,920.97 and resistance at $9,000 could come into play. Failure to move back through $8,700 levels could see Bitcoin hit reverse. A fall back through to sub-$8,650 levels would bring the first major support level at $8,469.53 into play. Barring an extended crypto sell-off, however, Bitcoin should well steer clear of the second major support level at $8,365.2 and the 23.6% FIB of $8,200. This article was originally posted on FX Empire More From FXEMPIRE: China’s Services Sector Shrank at Record Pace, but Analysts See Rebound in March Crude Oil Weekly Price Forecast – Crude Oil Markets Take a Beating for the Week China February Manufacturing PMI Drops to Record Low EUR/USD Forex Technical Analysis – Failed Rally Could Trigger Pull-back into 1.0916 – 1.0883 U.S Mortgage Rates Hit Reverse with More on the Way EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 01/03/20', "Bitcoin Dips Below 8,589.4 Level, Down 0.35% Investing.com - Bitcoin fell bellow the $8,589.4 level on Sunday. Bitcoin was trading at 8,589.4 by 10:19 (15:19 GMT) on the Investing.com Index, down 0.35% on the day. It was the largest one-day percentage loss since February 29. The move downwards pushed Bitcoin's market cap down to $156.7B, or 62.48% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $241.2B. Bitcoin had traded in a range of $8,523.9 to $8,737.2 in the previous twenty-four hours. Over the past seven days, Bitcoin has seen a drop in value, as it lost 12.93%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $35.6B or 27.99% of the total volume of all cryptocurrencies. It has traded in a range of $8,451.9355 to $9,981.0371 in the past 7 days. At its current price, Bitcoin is still down 56.77% from its all-time high of $19,870.62 set on December 17, 2017. Elsewhere in cryptocurrency trading Ethereum was last at $221.40 on the Investing.com Index, down 0.67% on the day. XRP was trading at $0.23207 on the Investing.com Index, a loss of 0.80%. Ethereum's market cap was last at $24.3B or 9.70% of the total cryptocurrency market cap, while XRP's market cap totaled $10.2B or 4.06% of the total cryptocurrency marke **Last 60 Days of Bitcoin's Closing Prices:** [7200.17, 6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46, 8599.51] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-03-01 **Financial & Commodity Data:** - Gold Closing Price: $1564.10 - Crude Oil Closing Price: $44.76 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.39 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: (Bloomberg Opinion) -- Anyone paying attention to finance, markets and the economy doesn't have to look very hard to find complaints that we are on the cusp of a bubble of one type or another.Perhaps the area most often targeted by the bubble believers is tech. I was curious about just how widespread this belief is: “Tech bubble” has doubled on Google Trends this year alone; Google News generates more than 3.6 million hits for the phrase.(1) Defining a bubble isn't too hard and one will do as good as another. “A market phenomenon characterized by surges in asset prices to levels significantly above the fundamental value of that asset. Bubbles are often hard to detect in real time because there is disagreement over the fundamental value of the asset,” Nasdaq says. So let's turn to the pro-bubble argument: It has been a decade since the financial crisis and two decades since the dot-com implosion. That's enough time for people to have forgotten the trauma of that disaster. Since the Great Recession ended, there has been too much capital sloshing around, leading to excessive tech valuations. And not just in public equities, but in private markets, too. Unicorns and other SoftBank Vision Fund debacles have imploded, an early warning sign for publicly traded companies, the argument goes. Central banks have made the bubble worse, providing cheap capital that has artificially inflated profits. The bubble advocates also urge us not to overlook the impact of these low borrowing costs on the surge in share buybacks; reducing the total amount of a public company’s shares outstanding has the effect of making earnings per share look better. Then there are the anecdotes: Tesla’s stock has more than doubled in the past three months, and the company now has a market value of more than $165 billion -- higher than Volkswagen, General Motors and Ford combined. This is to say nothing of the companies valued at more than $1 trillion, such as Apple, Microsoft, Amazon and Google parent Alphabet. But let's also be generous and acknowledge that some things do look overvalued, whether it's Bitcoin (maybe), WeWork (obviously) or Tesla (I'm not getting in the middle of that one). Story continues But here's the thing: None of that is proof of a stock-market bubble. Let's look at some themes and issues to demonstrate why this is so: Business models: In the 1990s, the internet captivated the collective imagination of investors, too many of whom indiscriminately threw cash at anything with dot-com attached to it. The 2000 collapse taught investors that it took more than a high-concept idea to make a stock worth buying: growth and future cash flow matter a lot, too. The collapse of WeWork’s initial public offering last year brought this home once again. Investors realized that renting out office space short term while locking the company into long-term, expensive real-estate leases was a terrible business model. Public investors grasped this flaw -- something private investors seemingly failed to understand -- and the market worked the way it's supposed to. Revenue and earnings: Unlike the dot-coms of the '90, today's tech businesses are gigantic cash machines. Apple posted fourth-quarter revenue of $91.8 billion and net income of $22.2 billion. Without much fanfare, Microsoft's revenue grew 14% in the latest quarter, to $36.9 billion, while net income surged 38% to $11.6 billion. Alphabet, Amazon, Facebook all continue to mint revenues and profits. These companies also have accumulated hundreds of billions of dollars in cash. This is not the profitless tech boom of the 1990s. Sentiment: Maybe there is some excessive optimism. But that isn't the same as the full-blown delusion that bubbles produce. Talk of bubbles is offset by chatter about recession: Remember that less a year ago investors were anticipating a downturn and in the fourth quarter of 2018 major market indexes fell 20%, meeting the normal definition of a bear market, however brief. Meanwhile, the American Association of Individual Investors Bullish Readings index is 40.6, which is just a hair above the average reading of 39.5 for the past 25 years. Performance: Broad market performance is robust, but not crazy. Last’s year's 31% gain in the S&P 500 is misleading: most of that simply reflected the rebound from the 2018 fourth-quarter tumble cited above. So let's take a step back and consider the S&P 500 since 2015: It has had annual gains of 11.8%, for a total cumulative five-year return of 75%. Before fintwits howl “Now do the Nasdaq,” here it is: 17.6% annually and cumulative total returns of 125%. Fine, good, but not bubble material. Now compare those figures with the five years before the market peaked in March 2000: The Nasdaq generated annual returns of 60% and a five-year total return of 946% during that period, while the S&P 500 gained 25% annually and 211% for the five years. This is obvious, right? Sure, there are pockets of excessive optimism and foolishness in markets. There always are. But there also are lots of companies that are not participating in this bull-market rally. Those who were around in the 1990s know what a real bubble looks like: This isn't it. (1) Some recent examples:Barron’s:"Tesla’s Manic Rally Isn’t the Only Sign of a Market Bubble. What You Need to Know"CCN:"An Epic Stock Market Crash Is Looming, Analysts Warn"Yahoo:"The stock market is on steroids and it could end up like the dot com bubble"Barron’s (again): "Is the Fed Building Another Stock Bubble?"Bloomberg: “Mom and Pop Are On Epic Stock Buying Spree Fueled by Free Trades” To contact the author of this story: Barry Ritholtz at [email protected] To contact the editor responsible for this story: James Greiff at [email protected] This column does not necessarily reflect the opinion of Bloomberg LP and its owners. Barry Ritholtz is a Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.” For more articles like this, please visit us at bloomberg.com/opinion Subscribe now to stay ahead with the most trusted business news source. ©2020 Bloomberg L.P.... - Reddit Posts (Sample): [['u/theochino', 'I am a lifetime member of the Bitcoin foundation.', 13, '2020-03-01 03:17', 'https://www.reddit.com/r/Bitcoin/comments/fbnbec/i_am_a_lifetime_member_of_the_bitcoin_foundation/', "To the actual board of director of the Bitcoin foundation that read this message, if you are not going to do anything with the foundation, please relinquish the rights so we can run it the proper way.\n\nTo other members of the Foundation, please sent me an email to [[email protected]](mailto:[email protected]) so we can figure out how to create a new board of director correctly and continue the advocacy for the small bitcoiners like ourselves.\n\nTo anyone reading, but hate the foundation, please don't down-vote the post. We need to do something constructive with it and this would be the 4th iteration of the organization.\n\nRegards,\n\nTheo Chino,\n\n[*https://article78againstnydfs.com*](https://article78againstnydfs.com) *or* [*https://abolishthebitlicense.org*](https://abolishthebitlicense.org)", 'https://www.reddit.com/r/Bitcoin/comments/fbnbec/i_am_a_lifetime_member_of_the_bitcoin_foundation/', 'fbnbec', [['u/Marcion_Sinope', 17, '2020-03-01 06:49', 'https://www.reddit.com/r/Bitcoin/comments/fbnbec/i_am_a_lifetime_member_of_the_bitcoin_foundation/fj5snct/', 'Has the Bitcoin CEO weighed in on this?', 'fbnbec']]], ['u/[deleted]', 'New to Bitcoins', 13, '2020-03-01 03:17', 'https://www.reddit.com/r/Bitcoin/comments/fbnbiw/new_to_bitcoins/', 'Hello all, I have recently acquired some bitcoins through one of the trade that took place. I want to withdraw those bitcoins to my bank account. Is there any site or any way that I can do that? Any advice or help would be appreciated.', 'https://www.reddit.com/r/Bitcoin/comments/fbnbiw/new_to_bitcoins/', 'fbnbiw', [['u/coinCram', 13, '2020-03-01 03:42', 'https://www.reddit.com/r/Bitcoin/comments/fbnbiw/new_to_bitcoins/fj5e7cq/', 'I know you\'re new...so I\'ll tell you now...bitcoin is never with an "s" on the end. The plural of bitcoin is bitcoin.', 'fbnbiw']]], ['u/AutoModerator', '[Daily Discussion] Sunday, March 01, 2020', 46, '2020-03-01 05:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/fbomio/daily_discussion_sunday_march_01_2020/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas &amp; 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**Other ways to interact:**\n\n* [Get an invite](https://join.slack.com/t/reddit-bitcoinmarkets/shared_invite/enQtNjM1NTg3ODgwODUzLTQ2NjZjYjYxMWExZmZmMWY0MDNlN2JlM2RhZmM0NWY1YzY1MDlkOTMyNWFjNTZjYTg1ZDM2YmEwMWRkZjIwYjM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)\n* Set your flair to trade pretend money in [the Flair Game](https://coinsight.org/flairgame)\n* Weekly threads: [Newbie Mondays](http://www.reddit.com/r/BitcoinMarkets/search?q=newbie+monday&amp;sort=new&amp;restrict_sr=on&amp;t=all) and [Fundamentals Fridays](http://www.reddit.com/r/BitcoinMarkets/search?q=fundamentals+friday&amp;sort=new&amp;restrict_sr=on&amp;t=all)\n* Altcoins Discussion: [Altcoin Discussion](http://www.reddit.com/r/BitcoinMarkets/search?q=altcoin+discussion&amp;sort=new&amp;restrict_sr=on&amp;t=all)", 'https://www.reddit.com/r/BitcoinMarkets/comments/fbomio/daily_discussion_sunday_march_01_2020/', 'fbomio', [['u/jahoooo', 15, '2020-03-01 05:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/fbomio/daily_discussion_sunday_march_01_2020/fj5nylf/', 'Yes, really strong PA on 1 minute chart. Bears must be in full panic.', 'fbomio'], ['u/YungLerk', 12, '2020-03-01 06:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/fbomio/daily_discussion_sunday_march_01_2020/fj5sj33/', 'Went to the gas station this morning. Saw a bitcoin ATM for the first time in person. Excited to see whats to come!', 'fbomio'], ['u/sideways923', 21, '2020-03-01 06:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/fbomio/daily_discussion_sunday_march_01_2020/fj5somu/', 'Welcome to 2016', 'fbomio'], ['u/Vice5772', 10, '2020-03-01 06:58', 'https://www.reddit.com/r/BitcoinMarkets/comments/fbomio/daily_discussion_sunday_march_01_2020/fj5t9a4/', "I missed the 3150 buy because everyone was talking about 2800 and 1500 targets. I've learned that speculation gets really crazy when the market begins moving in a confirmed direction. I did manage to get in at 3400 at least", 'fbomio'], ['u/daquity36', 11, '2020-03-01 07:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/fbomio/daily_discussion_sunday_march_01_2020/fj5ub75/', 'BTC looks COOKED in all timeframes', 'fbomio'], ['u/SloppySynapses', 18, '2020-03-01 07:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/fbomio/daily_discussion_sunday_march_01_2020/fj5ufah/', "Well don't you just have it all figured out buddy", 'fbomio'], ['u/prof7bit', 15, '2020-03-01 10:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/fbomio/daily_discussion_sunday_march_01_2020/fj63g2j/', "When it looks bad on all time frames and you can't sleep anymore and wake up in the middle of the night to look at the charts and it looks even worse than the day before and you close all your losing positions to take the loss, then it will reverse. It has always been so and will always be.", 'fbomio'], ['u/crypto2thesky', 20, '2020-03-01 13:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/fbomio/daily_discussion_sunday_march_01_2020/fj6a4pz/', 'Short sentiment analysis (bc lets face it, I don\'t have the balls to be a BTC trader): the general sentiment in this and r/cc feels super doomy, which brings me to the following assumption: all these doomers must be new people, because why are holders from 2017/18 worried about a drop from 10.5k to 8.5k. Doesn\'t make sense at all, especially not with a halving coming up next, and we all know where this led the last two times. So my assumption is: great, after 2 new years, retail is jumping back in and getting destroyed for the first time on the way up, thus leading to "oHmYgAwD bAtcoIf t0 0!". I bought this (presumable) dip.', 'fbomio'], ['u/Taviiiiii', 32, '2020-03-01 13:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/fbomio/daily_discussion_sunday_march_01_2020/fj6ag0r/', 'This is the subreddit where the price is either headed to $6k or ATH in the coming week.', 'fbomio'], ['u/CrypticallyDodge', 20, '2020-03-01 13:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/fbomio/daily_discussion_sunday_march_01_2020/fj6cn33/', "If BTC happens to have anything resembling a rally ($400-$1000) in the next few days, we are going to see a massive jump in price IMO.\n\nI know the argument that no one will flee to BTC in the time of uncertainty but don't underestimate FOMO x big losses in major markets as jet fuel. No one is going to sit back and miss out on even low % gains while everything else goes to shit. \n\nIf there was ever a time for a pump, even a fake one it's now. It will most likely snowball from there. \n\nExciting times to be a little different and not be sticking to 100% conventional investments!", 'fbomio'], ['u/CrypticallyDodge', 24, '2020-03-01 16:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/fbomio/daily_discussion_sunday_march_01_2020/fj6mp3r/', 'I think 70,000 is a bit optimistic mate but I like the way you are thinking', 'fbomio'], ['u/VarunGS', 13, '2020-03-01 17:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/fbomio/daily_discussion_sunday_march_01_2020/fj6uj0t/', "I've been in this market since 2012 and I have no idea what the fuck is going on.", 'fbomio'], ['u/[deleted]', 12, '2020-03-01 17:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/fbomio/daily_discussion_sunday_march_01_2020/fj6vouu/', 'Some more bullish selling.', 'fbomio'], ['u/Quintall1', 10, '2020-03-01 17:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/fbomio/daily_discussion_sunday_march_01_2020/fj6vxz3/', 'The Level of fud by Corona is at least 100x to Ebola, so not comparable.', 'fbomio'], ['u/crazyguy2323', 15, '2020-03-01 18:53', 'https://www.reddit.com/r/BitcoinMarkets/comments/fbomio/daily_discussion_sunday_march_01_2020/fj72o22/', 'Wish I could down vote this twice', 'fbomio'], ['u/TheOneCandleWhale', 37, '2020-03-01 18:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/fbomio/daily_discussion_sunday_march_01_2020/fj72t4j/', "I'll give you a hint: Buy BTC when it feels like today and then sell it when you start to have heart palpitations due to not having bought more today.", 'fbomio'], ['u/d1ez3', 13, '2020-03-01 19:30', 'https://www.reddit.com/r/BitcoinMarkets/comments/fbomio/daily_discussion_sunday_march_01_2020/fj775jf/', 'What is doing well right now', 'fbomio'], ['u/cryptogrip', 10, '2020-03-01 20:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/fbomio/daily_discussion_sunday_march_01_2020/fj7idi7/', "Huh? Bitcoin is just doing what it's been doing for many years now. It continues to jump up sigificantly to a new range ever 3 or 4 years and then bounce around that range. Until it ceases to continue that trend, nothing is brutal here with the exception of drama queens.", 'fbomio'], ['u/dyslexier', 14, '2020-03-01 21:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/fbomio/daily_discussion_sunday_march_01_2020/fj7knx2/', "We're on a weekend mate. Chill reading too much into this pa especially while the range isn't violated", 'fbomio'], ['u/aaj094', 10, '2020-03-01 21:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/fbomio/daily_discussion_sunday_march_01_2020/fj7p7ij/', "The author of the S/F model apparently also has another indicator up his sleeve (which he hasn't revealed details of yet) but he thinks this indicator predicts hard floors for monthly candle closes. He thinks this is $8600 for March close.\n\nhttps://mobile.twitter.com/100trillionUSD/s... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
8869.67, 8787.79, 8755.25, 9078.76, 9122.55, 8909.95, 8108.12, 7923.64, 7909.73, 7911.43
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['NEW YORK, NY / ACCESSWIRE / March 2, 2020 / In just the first month of 2020, stablecoins are demonstrating their relevance and strength in the rapidly fluctuating blockchain industry. On January 12, STAE launched decentralized stablecoins USDB and CNHB collateralized by either ETH or BTC. They can be tied to either the USD or the CNH(Chinese Yuan in Hongkong) by the minter. These stablecoins are finding immediate use in online gaming platforms and other mobile payment scenarios. Later in January, Tether Gold was launched, a stablecoin backed by physical gold reserves held in Sweden. Almost at the same time, Bytom Blockchain also has announced plans in a white paper for a decentralized stablecoin which is similar as STAE\'s products on infrastructure. Second, the end of January it was said JP Morgan\'s own blockchain unit Quorum is merging with Ethereum software developer ConsenSys, a deal expected to finalize in the third quarter this year. Industry insiders speculate that this merger is for the next development of the previously launched JPM Coin. Facebook\'s ambitious Libra project, IBM, Busan Bank, Rizal Commercial Bank, and a handful of other companies signed a letter of intent to issue a stablecoin using the IBM payment network. These developments are the latest examples of IBM, Facebook, and other traditional industries choosing stablecoins as their entry point into the blockchain industry. Following this trend, central banks around the world are planning the launch of their own stablecoins. Reuters reports that the French central bank has announced their own project to be launched in the first quarter this year and has urged the European Central Bank to issue digital currencies as soon as possible. It is also anticipated that China will launch DCEP later this year, a combination of digital currencies and electronic payment instruments to replace cash in certain payment scenarios. Blockdata\'s 2019 report titled "An Overview of the Current State of Stablecoins" surveyed 226 stablecoin projects, 66 of which were launched, and 134 being under development, and 26 closed projects. Story continues Although there is no consensus on how these surviving projects will fare, there seems to be a consensus that there are simply too many stablecoins. The Two Paths While stablecoins have certainly seen use within cryptocurrency exchanges, there is no clear path for mainstream adoption yet. A notable exception is STAE, which recently launched two decentralized stablecoins tied to the USD and the CNH(Chinese Yuan in Hongkong). Grant Baker, Chief Innovation Officer at STAE and author of the 2019 Blockchain Compliance Paper , believes that anti money laundering rules make it difficult for stablecoins to replace fiat in day-to-day life. "While stablecoins provide shelter for cryptocurrency investors during times of turbulence, they haven\'t seen much usage elsewhere. We anticipate this will change when Singapore begins issuing licenses and regulating stablecoin issuers this year. Decentralized stablecoins will likely be a very practical application of blockchain and that\'s what we\'re focusing on." The philosophy of practical application seems to be working. Already, STAE has forged partnerships with Southeast Asia\'s top two online gaming companies. During the 2 nd quarter of this year, more than a thousand online gaming applications will accept STAE\'s stablecoins USDB and CNHB, tied to the USD and CNH(Chinese Yuan in Hongkong) respectively. STAE is also looking at key Southeast Asian markets such as tourism. Blockchain professionals have commented that the decision of stablecoins projects to emulate fiat currency instead of precious commodities such as gold has been a successful move, if adoption is any indication. Competing Stablecoin Issuance Stablecoin issuance is usually backed by real assets such as cash or gold held by a central issuer or collateralized by digital assets with no central issuer. USDT is a dominant player in this market, making up roughly 80% of market share. However, there have been recent controversies regarding the veracity of claims regarding the real assets held by issuers. For example, Tether, USDT\'s issuer, encountered a crisis of trust in October 2018 causing a 15% price plummet. In April 2019, the New York Attorney General\'s Office accused the Bitfinex platform of misappropriating $850 million of Tether\'s reserve funds to fill funding gaps, creating an epic blame game between Tether and the Bitfinex parent company iFinex. Despite making a big splash initially, decentralized stablecoins backed by digital assets have faded from popularity over the past year, but that trend may be reversing thanks to the increased emphasis on trust. MakerDao\'s single asset collateral model and STAE\'s multi-asset collateral model, due to the smart contract\'s automated payouts and USDT\'s trust issues, are gaining momentum in the blockchain industry. A Threat to Stablecoins? The term "License" is the dread in the back of the mind of every stablecoin project. With the rising influence and scale of stablecoins, governments and international organizations are giving stablecoins extra scrutiny, casting a long shadow over the attempts of stablecoin projects to integrate with traditional banking infrastructure. The International Monetary Fund released a paper in 2019 called "The Rise of Digital Money" , calling for the supervision of stablecoins over money laundering and terror financing concerns. Compliance has quickly become the foremost concern of stablecoin projects. Singapore\'s Payment Services Act came into force in January 2020, bringing many blockchain projects seeking legal legitimacy to the application line in the small island nation. The Payment Services Act strictly follows the anti-money laundering recommendations of the Financial Action Task Force. The prevailing expectation is that stablecoins legitimized by a globally recognized licensing system will flourish. Reliable issuers, auditing systems, and mature regulatory frameworks are all indispensable to this end. Contact: BTCNEWS Alien Wu [email protected] 800-868-8842 SOURCE: BTCNEWS View source version on accesswire.com: https://www.accesswire.com/578578/Consensus-in-Stablecoins-There-Are-Simply-Too-Many-stablecoins', 'NEW YORK, NY / ACCESSWIRE / March 2, 2020 /In just the first month of 2020, stablecoins are demonstrating their relevance and strength in the rapidly fluctuating blockchain industry.\nOn January 12, STAE launched decentralized stablecoins USDB and CNHB collateralized by either ETH or BTC. They can be tied to either the USD or the CNH(Chinese Yuan in Hongkong) by the minter. These stablecoins are finding immediate use in online gaming platforms and other mobile payment scenarios. Later in January, Tether Gold was launched, a stablecoin backed by physical gold reserves held in Sweden. Almost at the same time, Bytom Blockchain also has announced plans in a white paper for a decentralized stablecoin which is similar as STAE\'s products on infrastructure.\nSecond, the end of January it was said JP Morgan\'s own blockchain unit Quorum is merging with Ethereum software developer ConsenSys, a deal expected to finalize in the third quarter this year. Industry insiders speculate that this merger is for the next development of the previously launched JPM Coin. Facebook\'s ambitious Libra project, IBM, Busan Bank, Rizal Commercial Bank, and a handful of other companies signed a letter of intent to issue a stablecoin using the IBM payment network. These developments are the latest examples of IBM, Facebook, and other traditional industries choosing stablecoins as their entry point into the blockchain industry.\nFollowing this trend, central banks around the world are planning the launch of their own stablecoins. Reuters reports that the French central bank has announced their own project to be launched in the first quarter this year and has urged the European Central Bank to issue digital currencies as soon as possible. It is also anticipated that China will launch DCEP later this year, a combination of digital currencies and electronic payment instruments to replace cash in certain payment scenarios.\nBlockdata\'s 2019 report titled "An Overview of the Current State of Stablecoins" surveyed 226 stablecoin projects, 66 of which were launched, and 134 being under development, and 26 closed projects.\nAlthough there is no consensus on how these surviving projects will fare, there seems to be a consensus that there are simply too many stablecoins.\nThe Two Paths\nWhile stablecoins have certainly seen use within cryptocurrency exchanges, there is no clear path for mainstream adoption yet. A notable exception is STAE, which recently launched two decentralized stablecoins tied to the USD and the CNH(Chinese Yuan in Hongkong). Grant Baker, Chief Innovation Officer at STAE and author of the2019 Blockchain Compliance Paper, believes that anti money laundering rules make it difficult for stablecoins to replace fiat in day-to-day life. "While stablecoins provide shelter for cryptocurrency investors during times of turbulence, they haven\'t seen much usage elsewhere. We anticipate this will change when Singapore begins issuing licenses and regulating stablecoin issuers this year. Decentralized stablecoins will likely be a very practical application of blockchain and that\'s what we\'re focusing on."\nThe philosophy of practical application seems to be working. Already, STAE has forged partnerships with Southeast Asia\'s top two online gaming companies. During the 2ndquarter of this year, more than a thousand online gaming applications will accept STAE\'s stablecoins USDB and CNHB, tied to the USD and CNH(Chinese Yuan in Hongkong) respectively. STAE is also looking at key Southeast Asian markets such as tourism.\nBlockchain professionals have commented that the decision of stablecoins projects to emulate fiat currency instead of precious commodities s **Last 60 Days of Bitcoin's Closing Prices:** [6985.47, 7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46, 8599.51, 8562.45] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-03-02 **Financial & Commodity Data:** - Gold Closing Price: $1592.30 - Crude Oil Closing Price: $46.75 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.38 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: The US House Financial Services Committee has been discussing the use of Bitcoin in domestic terror financing, with some experts claiming it is now being used by neo-Nazi groups. Jared Maples, the New Jersey Office of Homeland Security and Preparedness Director, has said domestic terror groups are likely to ramp up their use of the cryptocurrency to fund their nefarious activities. He was joined by Anti-Defamation League Senior Vice President George Selim and Congressional Research Service finance expert Rena Miller. The trio predicted that with the rise of crypto awareness, it will become more widely used by white supremacists and other hate groups. Infamous crypto sceptic Congressman Brad Sherman was in agreement, saying : “If it works for Hamas, it will work for the Nazis too.” BTC use on the rise Maples likewise referenced Hamas and suggested domestic terrorists had taken a page out of its playbook in using Bitcoin for both secrecy and privacy. He alleged there had been a $60,000 donation in BTC given to Andrew Anglin, publisher of far-right media outlet The Daily Stormer, following the attack in Charlottesville, Virginia in 2017. When asked about how to counter terror groups, Maples said it was important to be mindful and to “get the processes right”. Interestingly, it isn’t just Bitcoin they are using to finance their attacks. Recent reports suggest as many as 54 white supremacist groups are utilising Apple’s iTunes, earning roughly 70 cents for each song downloaded on the music platform. Selim has recommended agencies pursue more rigorous prosecutions of domestic terror funding sources and utilise data from various fields such as finance, technology, civil rights, and civil liberties groups alongside studying new forms of money such as digital currencies. Interested in reading more cryptocurrency and terror-related stories? Discover more about the UK’s FCA becoming the anti-money laundering and counter terrorist financing supervisor for businesses conducting cryptoasset activities. The post US officials claim neo-Nazi groups are using Bitcoin to spread terror appeared first on Coin Rivet .... - 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.
8787.79, 8755.25, 9078.76, 9122.55, 8909.95, 8108.12, 7923.64, 7909.73, 7911.43, 4970.79
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:** ['Alameda Research, whose CEO is the owner of the Binance-backed derivatives exchange FTX, has invested more than $1 million into crypto quant trading firm Folkvang \x96 one of Alameda\x92s competitors. Alameda confirmed Monday it had made a seven-figure investment into Folkvang, a new quant trading and liquidity provider based in Panama. The first from an external party, the placement will build out Folkvang\x92s existing offer as well as expand its presence globally, according to a press release. The exact size of the investment was not disclosed. Although Alameda runs its own over-the-counter trading desk and is a market maker for FTX exchange, it is still primarily a crypto quant trading firm relying on computer and algorithmic-based trading strategies, and therefore counts Folkvang as one of its main rivals. Related: Ether Futures Volume on FTX Hit Record Highs \x93It is kind of a strange situation, for sure,\x94 said Folkvang founder and Chief Executive Mike van Rossum. A completely passive investment, Folkvang has even placed restrictions on Alameda in order to prevent it from gaining any unfair trading advantages. Although van Rossum had been algorithmically trading cryptocurrencies since 2013, Folkvang itself was only officially incorporated in January. The company specializes in cryptocurrency derivatives and is already active on BitMEX, the derivatives platforms for Binance, OKEx and Huobi, as well as FTX exchange. Describing derivatives as the \x93fastest-growing space in crypto,\x94 van Rossum said the Alameda placement will improve its trade capital. Resources will also be available for new trading technologies as well as expansions onto new platforms. Launching in May 2019, FTX offers futures, perpetual, and options contracts on 30 different digital assets. Binance acquired a minority stake just before Christmas. In February, FTX opened a public sale for tokenized equity that would take its overall valuation up to a billion dollars. The sale is expected to finish March 7. Story continues Related: Binance-Backed FTX Exchange Seeks Billion-Dollar Valuation in Equity Token Sale Alameda was reportedly impressed by the speed in which Folkvang aggressively captured market share. With daily trading volumes in the hundreds of millions, \x93they [Alameda] were like: this is interesting, we want a piece of that,\x94 said van Rossum. In a statement, Alameda CEO and co-founder Sam Bankman-Fried, who also owns FTX exchange, said van Rossum had been an \x93early adopter and is a key player on the FTX exchange,\x94 continuing: \x93He has demonstrated an enviable track record and we\x92re excited to take part in the next big phase of his trading firm\x92s expansion.\x94 An Alameda spokesperson declined to comment on the exact investment figure. In Norse mythology, Folkvang was the final resting place for warriors who died in combat. \x93There are a lot of similarities between battlefields and financial markets,\x94 explained van Rossum. \x93We thought the name was very well-fitting.\x94 UPDATE (Mar. 3, 09:55 UTC): A previous version of this article stated Alameda owned FTX. In fact, it does not but shares the same CEO and has a business relationship. We also stated Folkvang was based in Hong Kong-based on comments from the firm, but after publication a representative said they had not understood the original question and the firm is based in Panama. These facts have been updated. Related Stories Paxos\x92 Tokenized Gold Futures Are Now Trading on FTX Exchange Art Haus Ethereum Meets Bitcoin Financialization', 'Alameda Research, whose CEO is the owner of the Binance-backed derivatives exchange FTX, has invested more than $1 million into crypto quant trading firm Folkvang – one of Alameda’s competitors.\nAlameda confirmed Monday it had made a seven-figure investment into Folkvang, a new quant trading and liquidity provider based in Panama. The first from an external party, the placement will build out Folkvang’s existing offer as well as expand its presence globally, according to a press release. The exact size of the investment was not disclosed.\nAlthough Alameda runs its own over-the-counter trading desk and is a market maker for FTX exchange, it is still primarily a crypto quant trading firm relying on computer and algorithmic-based trading strategies, and therefore counts Folkvang as one of its main rivals.\nRelated:Ether Futures Volume on FTX Hit Record Highs\n“It is kind of a strange situation, for sure,” said Folkvang founder and Chief Executive Mike van Rossum. A completely passive investment, Folkvang has even placed restrictions on Alameda in order to prevent it from gaining any unfair trading advantages.\nAlthough van Rossum had been algorithmically trading cryptocurrencies since 2013, Folkvang itself was only officially incorporated in January. The company specializes in cryptocurrency derivatives and is already active on BitMEX, the derivatives platforms for Binance, OKEx and Huobi, as well as FTX exchange.\nDescribing derivatives as the “fastest-growing space in crypto,” van Rossum said the Alameda placement will improve its trade capital. Resources will also be available for new trading technologies as well as expansions onto new platforms.\nLaunching in May 2019, FTX offers futures, perpetual, and options contracts on 30 different digital assets. Binanceacquireda minority stake just before Christmas. In February, FTXopeneda public sale for tokenized equity that would take its overall valuation up to a billion dollars. The sale is expected to finish March 7.\nRelated:Binance-Backed FTX Exchange Seeks Billion-Dollar Valuation in Equity Token Sale\nAlameda was reportedly impressed by the speed in which Folkvang aggressively captured market share. With daily trading volumes in the hundreds of millions, “they [Alameda] were like: this is interesting, we want a piece of that,” said van Rossum.\nIn a statement, Alameda CEO and co-founder Sam Bankman-Fried, who also owns FTX exchange, said van Rossum had been an “early adopter and is a key player on the FTX exchange,” continuing: “He has demonstrated an enviable track record and we’re excited to take part in the next big phase of his trading firm’s expansion.”\nAn Alameda spokesperson declined to comment on the exact investment figure.\nIn Norse mythology, Folkvang was the final resting place for warriors who died in combat. “There are a lot of similarities between battlefields and financial markets,” explained van Rossum. “We thought the name was very well-fitting.”\nUPDATE (Mar. 3, 09:55 UTC):A previous version of this article stated Alameda owned FTX. In fact, it does not but shares the same CEO and has a business relationship. We also stated Folkvang was based in Hong Kong-based on comments from the firm, but after publication a representative said they had not understood the original question and the firm is based in Panama. These facts have been updated.\n• Paxos’ Tokenized Gold Futures Are Now Trading on FTX Exchange\n• Art Haus Ethereum Meets Bitcoin Financialization', 'James Cooper is a professor of law at California Western School of Law in San Diego. A former contractor for the U.S. and adviser to governments and indigenous peoples concerning disruptive technologies for the legal sector, he has advised blockchain companies in Asia.\nIn the heyday of cryptomania, when everyone was investing in any idea that had the word “blockchain” attached to it, there was much speculation about the end of the state. Distributed ledger technology would not only bring about the demise of intermediaries like big technology platforms and overfed financial institutions, but it would also challenge the primacy of the sovereign state itself. Decentralization would mean that the democratic process could be more horizontal, more responsive, more direct and more efficient.\nBlockchain technologies and the cryptocurrencies built thereon were also set to challenge the monopoly that states have maintained on currency. Traditionally, the creation, printing and control of legal tender has been an activity strictly reserved for states. The development of state-sanctioned, sovereign-backed cryptocurrencies, however, have meant that the state is not out yet. Not by a long shot.\nRelated:Algorand Blockchain Chosen as Underlying Tech for Marshall Islands’ Digital Currency\nA handful of countries have entered the brave new world of sovereign digital currencies. The biggest and most ambitious central bank digital currency project is China’s Digital Currency/Electronic Payment (DC/EP). On Oct. 24, 2019, a day now called “China Blockchain Day,” President Xi Jinping announced his country’s blockchain strategy and the rollout of its new state-sanctioned cryptocurrency project. While many major financial leaders feared being the first movers, China studied blockchain for years while outlawing cryptocurrencies. Again and again, China banned Initial Coin Offerings and cryptocurrency exchanges. The country’s law enforcement authorities even deterred Chinese hotels from hosting crypto-oriented conferences.\nWhen Facebook’s Mark Zuckerberg warned Congress it had better support the social media company get its Libra digital currency to market lest China get a head start, the bureaucrats in China moved into high gear. Within months, they launched the DC/EP plan with initial testing in Suzhou and Shenzhen. The system’s strength is its interoperability and the fact one does not have to be online to use it. That it is linked to the Chinese national currency – theyuanorrenminbi– does not hurt either. By layering insurance, health care, finance, energy and consumer purchasing into one unified public blockchain, there will be economies of scale and more efficient distribution of private and public goods. And not just in China but around the world with the 71 partners in its ambitious Belt and Road Initiative.\nLong before the DC/EP came the Marshallese sovereign (SOV), the national digital curren **Last 60 Days of Bitcoin's Closing Prices:** [7344.88, 7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46, 8599.51, 8562.45, 8869.67] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-03-03 **Financial & Commodity Data:** - Gold Closing Price: $1642.10 - Crude Oil Closing Price: $47.18 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.38 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: At around 13:00 UTC,bitcoin’s(BTC) price began dropping steadily, contributing to a 7 percent slide over the past 24 hours. Exchanges including Coinbase and Bitstamp saw declines in prices from $9,270 to below $8,700. Crossing below the $9,000 price level is a new low for February 2020. Bitcoin has not traded below the $9,000 threshold since Jan. 27, when it began a march to new highs in the $10,500 range. A flood of sell orders are sinking prices, as Coinbase hourly charts over the past 24 hours show. Related:Bitcoin Sees Corrective Price Bounce After Hitting One-Month Lows The sharp bitcoin drop comes as the traditional financial markets are recovering from a major selloff. In the U.S., the S&P 500 is off 5. 5 percent since the start of the week on fear the coronavirus could slow the global economy. Equities recovered a bit Wednesday, with the index showing a modest gain of half a percent by the midday. The traditional safe haven, gold, has been relatively steady. Its price has stayed in the $1,600 range so far this week and made a small gain Wednesday, up over $6 to $1,641 per troy ounce at press time. “The fact that BTC could not rally in the face of the advance by gold prices and drop in equities was a ‘tell,’’” professional commodities trader Peter Brandt wrote in a recenttweet. Other notable cryptocurrencies are also down, includingbitcoin cash(BCH),ether(ETH) andXRP(XRP), with 24-hour losses of 11 percent, 10 percent and 9 percent, respectively, on Wednesday at 17:45 UTC. • Over $190M in Bitcoin Liquidated on BitMEX Amid Crypto Market Sell-Off • Bitcoin Drove Half of Square’s Cash App Revenue in the 4th Quarter • Coinbase Wallet Adds Short, Customizable Addresses to Simplify Sending Cryptos... - Reddit Posts (Sample): [['u/Finpla', '[OFFER] I created a web app to instantly notify you about new posts in r/slavelabour, r/free and r/jobs4bitcoins, r/forhire and others, based on keywords managed by you', 102, '2020-03-03 01:23', 'https://www.reddit.com/r/slavelabour/comments/fclz3s/offer_i_created_a_web_app_to_instantly_notify_you/', "# 50% off, until March 10 I will be giving 300 notifications for 1 USD!\n\nHello, I noticed that it's hard to be the first to `$bid` in a post here at r/slavelabour, but also the same applies for other subs like r/free and r/jobs4bitcoins, etc. Because of this I made [Slave Notificator](https://slave-notificator.herokuapp.com), it will notify you immediately about posts that interests you based on the keywords managed by you [here](https://slave-notificator.herokuapp.com/keywords_configs/edit) via a private message in Reddit or an Email.\n\nFor now the subreddits I consider in my web app are:\n\n* r/beermoney\n* r/forhire\n* r/free\n* r/freebies\n* r/hungryartists\n* r/jobs4bitcoins\n* r/slavelabour\n\n**Considerations**\n\n1. You will start with a trial of 100 free notifications when you first sign up in the app. After your free trials run out you can buy 150 more notifications every $1, for that you will have to`$bid` here.\n\nI'm constantly improving my app. Any suggestions are welcomed.", 'https://www.reddit.com/r/slavelabour/comments/fclz3s/offer_i_created_a_web_app_to_instantly_notify_you/', 'fclz3s', [['u/Halstrop', 18, '2020-03-03 05:02', 'https://www.reddit.com/r/slavelabour/comments/fclz3s/offer_i_created_a_web_app_to_instantly_notify_you/fjc45zj/', 'I mean, you can do this for free on IFTTT', 'fclz3s']]], ['u/aaronhinde', '[Hiring] Virtual assistant needed $30usd/hour 150usd daily', 61, '2020-03-03 02:04', 'https://www.reddit.com/r/forhire/comments/fcmjkw/hiring_virtual_assistant_needed_30usdhour_150usd/', "As stated in the title I'm looking for a virtual assistant to help in my growing online business.\n\nPay starts at 80 daily which is guaranteed and from the first 30 minutes of working you will get paid. Applicants must be from the USA, Canada, UK, Australia as since the traffic I use tend to go well with these countries in the method that I use.\n\nAll you will need to do is a few hours of customer service a day. Pay is guaranteed in PayPal or bitcoin. Please if you are interested in working pm me your discord to arrange a meeting.", 'https://www.reddit.com/r/forhire/comments/fcmjkw/hiring_virtual_assistant_needed_30usdhour_150usd/', 'fcmjkw', [['u/arsewarts1', 12, '2020-03-03 04:34', 'https://www.reddit.com/r/forhire/comments/fcmjkw/hiring_virtual_assistant_needed_30usdhour_150usd/fjc1viy/', 'Is this 150 daily, 80 daily, or 30/hr', 'fcmjkw'], ['u/arsewarts1', 13, '2020-03-03 04:46', 'https://www.reddit.com/r/forhire/comments/fcmjkw/hiring_virtual_assistant_needed_30usdhour_150usd/fjc2utn/', '“Pay starts at 80 daily”', 'fcmjkw'], ['u/postpartum-blues', 17, '2020-03-03 04:46', 'https://www.reddit.com/r/forhire/comments/fcmjkw/hiring_virtual_assistant_needed_30usdhour_150usd/fjc2vwb/', 'Your post says "Pay starts at 80 daily"', 'fcmjkw'], ['u/aaronhinde', 12, '2020-03-03 04:55', 'https://www.reddit.com/r/forhire/comments/fcmjkw/hiring_virtual_assistant_needed_30usdhour_150usd/fjc3kmt/', 'Filled all position. thanks to all who are applying.', 'fcmjkw'], ['u/MightySamMcClain', 24, '2020-03-03 04:57', 'https://www.reddit.com/r/forhire/comments/fcmjkw/hiring_virtual_assistant_needed_30usdhour_150usd/fjc3scs/', 'Idk if I\'d trust this. ..."what do you mean i owe you $150 from yesterday? I told you I pay $30/day. Idk where you\'re getting the 150."', 'fcmjkw']]], ['u/fiduciaryatlarge', 'Hold my hand , please.', 11, '2020-03-03 02:59', 'https://www.reddit.com/r/Bitcoin/comments/fcna2e/hold_my_hand_please/', 'If I transfer bitcoin to a hard wallet where is the transaction actually stored? Say I had a Trezor, If I were to lose the Trezor I would have to get another Trezor to connect to my Bitcoin again, is Trezor storing it? Thanks for your patience.', 'https://www.reddit.com/r/Bitcoin/comments/fcna2e/hold_my_hand_please/', 'fcna2e', [['u/Manticlops', 13, '2020-03-03 03:07', 'https://www.reddit.com/r/Bitcoin/comments/fcna2e/hold_my_hand_please/fjbttqm/', "Ownership of your bitcoin amounts to ownership of your private keys. These are typically represented by a list of words. It's these keys you need to keep safe &amp; secure.\n\nHardware wallets are really for safely signing transactions. You can connect them to your computer, safe in the knowledge that your private keys are out of reach of any malware.\n\nIf you lose your trezor, you can still access your bitcoin using your seed words, but you should regard them as 'burnt' and unsecure the moment you type them into a phone/pc/etc.\n\nTransactions are sent by your wallet to a node, and from there to most/all other nodes, where they sit in nodes' mempools until incorporated in a block. Whereupon they are written into the blockchain, the hardest to erase written log ever created, for a few cents.", 'fcna2e']]], ['u/AutoModerator', '[Daily Discussion] Tuesday, March 03, 2020', 57, '2020-03-03 05:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/fcox29/daily_discussion_tuesday_march_03_2020/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas &amp; 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**Other ways to interact:**\n\n* [Get an invite](https://join.slack.com/t/reddit-bitcoinmarkets/shared_invite/enQtNjM1NTg3ODgwODUzLTQ2NjZjYjYxMWExZmZmMWY0MDNlN2JlM2RhZmM0NWY1YzY1MDlkOTMyNWFjNTZjYTg1ZDM2YmEwMWRkZjIwYjM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)\n* Set your flair to trade pretend money in [the Flair Game](https://coinsight.org/flairgame)\n* Weekly threads: [Newbie Mondays](http://www.reddit.com/r/BitcoinMarkets/search?q=newbie+monday&amp;sort=new&amp;restrict_sr=on&amp;t=all) and [Fundamentals Fridays](http://www.reddit.com/r/BitcoinMarkets/search?q=fundamentals+friday&amp;sort=new&amp;restrict_sr=on&amp;t=all)\n* Altcoins Discussion: [Altcoin Discussion](http://www.reddit.com/r/BitcoinMarkets/search?q=altcoin+discussion&amp;sort=new&amp;restrict_sr=on&amp;t=all)", 'https://www.reddit.com/r/BitcoinMarkets/comments/fcox29/daily_discussion_tuesday_march_03_2020/', 'fcox29', [['u/Fratedow', 11, '2020-03-03 10:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/fcox29/daily_discussion_tuesday_march_03_2020/fjcmjdn/', "[https://www.tradingview.com/x/hHb5nChG/](https://www.tradingview.com/x/hHb5nChG/)\n\n4hr chart:\n\nIf btc can stay above the 21ema and the 10ma till this 4h close I expect further upwards movement above 9000 today. However, the chances of a bulltrap are still in the cards. If the RSI goes below the EMA in the purple territory, we might see a continuation of the downtrend.\n\nI'll go long here if the former scenario turns out to be true in about 3hrs. My bullish bias is strengthened by the fact that traditional markets are stabilizing once again as well. And yes, according to my research, btc and traditional markets are positively correlated.", 'fcox29'], ['u/[deleted]', 10, '2020-03-03 14:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/fcox29/daily_discussion_tuesday_march_03_2020/fjcz54u/', '10yr bond yields at historic lows. Trust me they are keeping their powder dry for today. The crackheads at the stock market want easy money and are throwing a temper tantrum. That right there shows the unrestrained incompetence of bad monetary policy. Anticipation of firing up the printing press is what caused World stocks to have that big ol’ dcb yesterday.', 'fcox29'], ['u/Al-Kahulique', 17, '2020-03-03 14:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/fcox29/daily_discussion_tuesday_march_03_2020/fjd1gz1/', 'Sure, expected returns for all assets in real terms should be low for the next decade. Investors are being taxed for avoiding risk. This is a huge problem for entitlements and pensions, who will face solvency issues sooner due to poor return on investment. Similarly, it\'s a problem for the boomers. "Safe income in retirement" is a relic. They, too, will be forced to take on more risk. Just at a quick glance, Apple has a bond expiring in 23 years which yields 3.13%. If inflation is 2%.... Sad!\n\nSo, we will all take more risk and eventually it will be too much and things will blow up and everyone who was induced to take risks based on monetary policy will staple some posterboard to a stick and go wave it around Wall St for a handful of days until something outrages them even more and they move on to the next cause. \n\nJust remember when the market is trading at 20 times earnings and your broker offers you margin loans at 3% that it is a Siren song.', 'fcox29'], ['u/personalityson', 20, '2020-03-03 16:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/fcox29/daily_discussion_tuesday_march_03_2020/fjd9gou/', 'I dont know whats happening and dont know what to do', 'fcox29'], ['u/[deleted]', 18, '2020-03-03 16:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/fcox29/daily_discussion_tuesday_march_03_2020/fjd9s9a/', 'Nothing- do nothing. Sometimes the greatest trade strategy.', 'fcox29'], ['u/HugeEgg', 13, '2020-03-03 16:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/fcox29/daily_discussion_tuesday_march_03_2020/fjdaiho/', "OK let me get this straight. Altcoins move in lockstep with BTC, and now for some reason BTC is acting like it's a DJIA component? Guess I gotta start rooting for the Dow then!", 'fcox29'], ['u/MartialImmortal', 26, '2020-03-03 16:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/fcox29/daily_discussion_tuesday_march_03_2020/fjdba3j/', " there is not much to like around here after s... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
8755.25, 9078.76, 9122.55, 8909.95, 8108.12, 7923.64, 7909.73, 7911.43, 4970.79, 5563.71
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['The computer processing power of the bitcoin network is growing again – albeit slowly – as major Chinese miner manufacturers gradually resume business after the coronavirus outbreak delayed shipments.\nThe average hashing power onbitcoin(BTC) over the past seven days has reached a new high of around 117.5 exahashes per second (EH/s), up 5.4 percent from where itstagnatedfor a month beginning Jan. 28, according to data fromPoolIn, which, along side with F2pool, are currently the two largest bitcoin mining pools.\nData from BTC.com further estimates bitcoin’s mining difficulty, a measure of competitiveness in the field, will increase by 2.15 percent when it adjusts itself in about five days thanks to the increased hashing power in the current period.\nRelated:World’s Top Crypto Miners Race to Roll Out Top-of-Line Machines Ahead of Bitcoin Halving\nThe growth comes as major Chinese miner manufacturers have gradually resumed shipments over the past one to two weeks. The coronavirus outbreak had forced many businesses across the country toextendthe Chinese New York holiday since the end of January.\nShenzhen-based MicroBT, maker of the WhatsMiner, said it has gradually resumed business and shipments since mid-February, and noted that more mining farm locations are accessible than a month ago.\nSimilarly, Beijing-based Bitmain has also restarted domestic and overseas shipments since late February. The firm’s domestic repairing service hasreturnedto work since Feb. 20.\nMicroBT and Bitmain are now locked in aneck-and-neckrace to roll out top-of-the-line equipment ahead ofbitcoin’s halvingin May. The third halving in the cryptocurrency’s 11-year history will reduce the amount of new bitcoin added to the network with each block (every 10 minutes or so) from 12.5 to 6.25.\nRelated:Riot Blockchain Plans Sale of Crypto Exchange as It Invests More Millions in Bitcoin Mining\nAdding to the competition, Hangzhou-based Canaan Creative alsoannouncedthe launch of its latest Avalon 1066 Pro model on Feb. 28, boasting a computing power of 50 terahashes per second (TH/s). The firm has also gradually resumed businesses since mid-February.\nHowever, to be sure, this does not mean these mining equipment manufacturers have fully resumed to the same production and delivery capacity as it was prior to the virus outbreak.\nCharles Chao Yu, chief operating officer of F2pool, said manufacturers’ production and logistic capacity have not yet fully recovered. “There are still many farm locations that won’t allow in maintenance teams,” he said.\nAnd as major manufacturers have already launched more powerful new equipment like Bitmain’s AntMiner S19 and MicroBT’s WhatsMiner M30, “they won’t place a lot of new chip orders for older models,” Yu said. “As such, there won’t be too many additional AntMiner S17 or WhatsMiner M20 series hitting the market.”\nYu expects bitcoin’s hash rate may go up to at most 130 EH/s in the next two months before bitcoin’s halving, which would be another roughly 10 percent jump from now.\nF2pool’s global business director Thomas Heller shares the same expectation that bitcoin’s hash rate will likely remain around 120 – 130 EH/s before May.\n“It’s unlikely to see large scale deployment of M30S and S19 machines before June/July,” Heller said. “It’s also yet to be seen how the impact of COVID-19 in South Korea will impact the supply chain of WhatsMiner’s new machines, as they get the chips from Samsung, whereas Bitmain gets chips from TSMC in Taiwan.”\nHe said the coronavirus outbreak has already disrupted many large farms’ plan to scale up facilities before the Chinese New Year. As such, they are now taking a more cautious approach leading to May.\n“Many large Chinese miners in January were of the viewpoint that they would want to get their machines running before the Chinese New Year.” Heller said, “And if they couldn’t get the machines running by then, they would wait to see how the halving plays out.”\nWhile the growth rate of hashing power may appear anemic, it nonetheless implies that about 5 EH/s in computing power has plugged into the bitcoin network over the past week.\nBTC.com’s data shows bitcoin’s 14-day average hash rate reached 110 EH/s for the first time on Jan. 28 but generally stayed at that level for the next four weeks even though bitcoin’s price enjoyed a short-term jump during that period.\nBased on quotes for various mining equipment posted by several distributors on WeChat seen by CoinDesk, most of the latest and more powerful machines made by Chinese manufacturers are priced between $20 to $30 per terahash.\nThat could mean additional computing power worth $100 million has come online in the past week, even using the lower end of that range. (one exahash = one million terahashes)\nThe mining activity growth also comes as the coronavirus situation in China has improved compared to late January, although overall economic activity has not yet fully returned to its level prior to the outbreak.\nAccording to areportfrom news outlet Caixin, as of Monday, 19 Chinese provinces, including Zhejiang and Guangdong, where Canaan and MicroBT, respectively, are based, have lowered the emergency response level from Level One (very significant) to Level Two (significant).\nMeanwhile, big cities such as Beijing and Shanghai are maintaining the response level at “very significant” but more companies have gradually returned to business in the last two weeks.\n• Bitcoin Mining Unit Manufacturer MicroBT Nibbles at Bitmain’s Market Share\n• Iran Concerns May Be Driving Trump Administration’s Talk of New Crypto Rules', 'The computer processing power of the bitcoin network is growing again – albeit slowly – as major Chinese miner manufacturers gradually resume business after the coronavirus outbreak delayed shipments.\nThe average hashing power onbitcoin(BTC) over the past seven days has reached a new high of around 117.5 exahashes per second (EH/s), up 5.4 percent from where itstagnatedfor a month beginning Jan. 28, according to data fromPoolIn, which, along side with F2pool, are currently the two largest bitcoin mining pools.\nData from BTC.com further estimates bitcoin’s mining difficulty, a measure of competitiveness in the field, will increase by 2.15 percent when it adjusts itself in about five days thanks to the increased hashing power in the current period.\nRelated:World’s Top Crypto Miners Race to Roll Out Top-of-Line Machines Ahead of Bitcoin Halving\nThe growth comes as major Chinese miner manufacturers have gradually resumed shipments over the past one to two weeks. The coronavirus outbreak had forced many businesses across the country toextendthe Chinese New York holiday since the end of January.\nShenzhen-based MicroBT, maker of the WhatsMiner, said it has gradually resumed business and shipments since mid-February, and noted that more mining farm locations are accessible than a month ago.\nSimilarly, Beijing-based Bitmain has also restarted domestic and overseas shipments since late February. The firm’s domestic repairing service hasreturnedto work since Feb. 20.\nMicroBT and Bitmain are now locked in aneck-and-neckrace to roll out top-of-the-line equipment ahead ofbitcoin’s halvingin May. The third halving in the cryptocurrency’s 11-year history will reduce the amount of new bitcoin added to the network with each block (every 10 minutes or so) from 12.5 to 6.25.\nRelated:Riot Blockchain Plans Sale of Crypto Exchange as It Invests More Millions in Bitcoin Mining\nAdding to the competition, Hangzhou-based Canaan Creative alsoannouncedthe launch of its latest Avalon 1066 Pro model on Feb. 28, boasting a computing power of 50 terahashes per second (TH/s). The firm has also gradually resumed businesses since mid-February.\nHowever, to be sure, this does not mean these mining equipment manufacturers have fully resumed to the same production and delivery capacity as it was prior to the virus outbreak.\nCharles Chao Yu, chief operating officer of F2pool, said manufacturers’ production and logistic capacity have not yet fully recovered. “There are still many farm locations that won’t allow in maintenance teams,” he said.\nAnd as major manufacturers have already launched more powerful new equipment like Bitmain’s AntMiner S19 and MicroBT’s WhatsMiner M30, “they won’t place a lot of new chip orders for older models,” Yu said. “As such, there won’t be too many additional AntMiner S17 or WhatsMiner M20 series hitting the market.”\nYu expects bitcoin’s hash rate may go up to at most 130 EH/s in the next two months before bitcoin’s halving, which would be another roughly 10 percent jump from now.\nF2pool’s global business director Thomas Heller shares the same expectation that bitcoin’s hash rate will likely remain around 120 – 130 EH/s before May.\n“It’s unlikely to see large scale deployment of M30S and S19 machines before June/July,” Heller said. “It’s also yet to be seen how the impact of COVID-19 in South Korea will impact the supply chain of WhatsMiner’s new machines, as they get the chips from Samsung, whereas Bitmain gets chips from TSMC in Taiwan.”\nHe said the coronavirus outbreak has already disrupted many large farms’ plan to scale up facilities before the Chinese New Year. As such, they are now taking a more cautious approach leading to May.\n“Many large Chinese miners in January were of the viewpoint that they would want to get their machines running before the Chinese New Year.” Heller said, “And if they couldn’t get the machines running by then, they would wait to see how the halving plays out.”\nWhile the growth rate of hashing power may appear anemic, it nonetheless implies that about 5 EH/s in computing power has plugged into the bitcoin network over the past week.\nBTC.com’s data shows bitcoin’s 14-day average hash rate reached 110 EH/s for the first time on Jan. 28 but generally stayed at that level for the next four weeks even though bitcoin’s price enjoyed a short-term jump during that period **Last 60 Days of Bitcoin's Closing Prices:** [7410.66, 7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46, 8599.51, 8562.45, 8869.67, 8787.79] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-03-04 **Financial & Commodity Data:** - Gold Closing Price: $1641.10 - Crude Oil Closing Price: $46.78 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.40 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin Price Analysis: BTC/USD at risk of pull back to $8000 Bitcoin price is trading in minor positive, up some 1.10% in the second half of the session. BTC/USD continues to consolidate underneath $9000 barrier and on top of critical support $8500. The price range is narrowing which is likely to lead to an explosive breakout. Ethereum Price Analysis: ETH/USD bulls need to break down 5 resistance Ethereum price is trading in the red by 1.20% in the session on Wednesday. The price range is seen at a high around $175 down to a low of $160. Near-term price behaviour shows some vulnerabilities to the downside for ETH. Litecoin Price Analysis: LTC/USD vulnerable of potential return to Litecoin price is trading in positive territory by some 1.15% in the session on Wednesday. LTC/USD is narrowing in terms of price action, $60 to the high, $56 to the low. Should the bears force a breakdown of the range-block, LTC may be forced to retest the breached daily channel. Image Sourced from Pixabay 0 See more from Benzinga • Bitcoin, Ethereum & Litecoin - American Wrap: 1/21/2020 • Bitcoin, Ethereum & Litecoin - American Wrap: 1/15/2020 • Bitcoin, Ripple & Litecoin - American Wrap: January 14, 2020 © 2020 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.
9078.76, 9122.55, 8909.95, 8108.12, 7923.64, 7909.73, 7911.43, 4970.79, 5563.71, 5200.37
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Jill Carlson, a CoinDesk columnist, is co-founder of the Open Money Initiative, a non-profit research organization working to guarantee the right to a free and open financial system. She is also an investor in early stage startups with Slow Ventures. People think I got into bitcoin (BTC) because I have a high risk tolerance. Actually, I got in because I have a low risk tolerance for worst-case scenarios. Related: With Freedom at Stake, More Hongkongers See Bitcoin’s Unique Value Bitcoin is often touted as a risky bet. It is nascent. It has only been around for about a decade. It is poorly understood by mass markets. It is an experiment. It could still fail. All of these claims are true. In many ways, the risk profile of bitcoin resembles that of an early stage startup. Bitcoin appears to be hovering between the trough of disillusionment and the slope of enlightenment. This means that most people continue to view cryptocurrency as kind of crazy. It’s a gamble. The road to having bitcoin understood and viewed as a safe haven is a long one, demanding deep investment in education. These dynamics mean that investors often bucket bitcoin as a risk asset. It gets put in the same category as high-growth stocks, high-yield debt, high-beta exchange-traded funds, venture capital investments and emerging markets. Markets broadly have two modes: risk-on and risk-off. In risk-on scenarios, when markets are confident and things are moving higher, risk assets tend to outperform safe havens. When the markets are risk-off, safe-haven assets like gold, treasury bonds and cash fare better, and are often the only investments trading higher as investors sell out of their riskier positions. Related: Tron’s Takeover of Steemit Is Internet History Repeating Itself Whether a financial product is a risk asset or a safe haven depends on a number of properties. In some cases it depends on the fundamentals of the asset. Share price is a reflection of the projected future cash flows of the business, which in turn depend on dynamics like customer demand. The dynamics can make companies more or less subject to movements of the markets. In other cases, the categorization of a given asset might depend on supply and demand dynamics. Gold, with its relatively fixed supply and consistent demand from entities like central banks, is resilient to market cycles and downward shocks. In all cases, however, I would argue that what matters most in understanding asset correlations and behavior is market perception. Do traders and investors view the asset as a good place to hunker down in volatile markets? Or do market participants view the investment as vulnerable to the downside, but also prime to participate in boom cycles? Story continues The markets certainly still seem to view bitcoin as the latter. And as far as the price of bitcoin is concerned, and as far as any market correlations are concerned, that perception is all that matters. This perception misses bitcoin’s most important properties. Bitcoin is, in many ways, the ultimate safe haven asset. It can be self-custodied, so even when systems of trust and rule of law breaks down, it can be held. It is open and borderless, with relatively liquid markets in every country in the world. It is censorship-resistant, meaning no government nor institution can, practically speaking, prevent investment or transaction in bitcoin. Bitcoin has a fixed supply, much like gold. Bitcoin is digital, which makes it practical to hoard, hold and transport. For doomsday preppers, dystopian sci-fi fans and apocalypse predictors, there is a lot to like about bitcoin. Yet, if we look at the behavior of the bitcoin price over the last couple of weeks, as concerns over a global pandemic have ramped up, it is clear that bitcoin continues to behave more like a high-risk investment than like the safe haven which it promises to be. Do the markets have it wrong? Should bitcoin be more correlated with gold than with Apple stock? Maybe. But as John Maynard Keynes put it, “The markets can stay irrational longer than you can stay solvent.” The road to having bitcoin understood and viewed as a safe haven is a long one, demanding deep investment in education. What matters is the narrative around the asset, and right now the narrative around bitcoin is that it is an early-stage, high-risk bet. As far as the markets are concerned, that perception is reality. Related Stories India’s Supreme Court Ruling Is a Win for the Whole Blockchain Industry The Markets Were Already Vulnerable, Then Came Coronavirus', 'Jill Carlson, a CoinDesk columnist, is co-founder of the Open Money Initiative, a non-profit research organization working to guarantee the right to a free and open financial system. She is also an investor in early stage startups with Slow Ventures.\nPeople think I got intobitcoin(BTC) because I have a high risk tolerance.\nActually, I got in because I have a low risk tolerance for worst-case scenarios.\nRelated:With Freedom at Stake, More Hongkongers See Bitcoin’s Unique Value\nBitcoin is often touted as a risky bet. It is nascent. It has only been around for about a decade. It is poorly understood by mass markets. It is an experiment. It could still fail. All of these claims are true. In many ways, the risk profile of bitcoin resembles that of an early stage startup. Bitcoin appears to be hovering between the trough of disillusionment and the slope of enlightenment. This means that most people continue to view cryptocurrency as kind of crazy. It’s a gamble.\nThe road to having bitcoin understood and viewed as a safe haven is a long one, demanding deep investment in education.\nThese dynamics mean that investors often bucket bitcoin as a risk asset. It gets put in the same category as high-growth stocks, high-yield debt, high-beta exchange-traded funds, venture capital investments and emerging markets.\nMarkets broadly have two modes: risk-on and risk-off. In risk-on scenarios, when markets are confident and things are moving higher, risk assets tend to outperform safe havens. When the markets are risk-off, safe-haven assets like gold, treasury bonds and cash fare better, and are often the only investments trading higher as investors sell out of their riskier positions.\nRelated:Tron’s Takeover of Steemit Is Internet History Repeating Itself\nWhether a financial product is a risk asset or a safe haven depends on a number of properties. In some cases it depends on the fundamentals of the asset. Share price is a reflection of the projected future cash flows of the business, which in turn depend on dynamics like customer demand. The dynamics can make companies more or less subject to movements of the markets. In other cases, the categorization of a given asset might depend on supply and demand dynamics. Gold, with its relatively fixed supply and consistent demand from entities like central banks, is resilient to market cycles and downward shocks. In all cases, however, I would argue that what matters most in understanding asset correlations and behavior is market perception. Do traders and investors view the asset as a good place to hunker down in volatile markets? Or do market participants view the investment as vulnerable to the downside, but also prime to participate in boom cycles?\nThe markets certainly still seem to view bitcoin as the latter. And as far as the price of bitcoin is concerned, and as far as any market correlations are concerned, that perception is all that matters.\nThis perception misses bitcoin’s most important properties. Bitcoin is, in many ways, the ultimate safe haven asset. It can be self-custodied, so even when systems of trust and rule of law breaks down, it can be held. It is open and borderless, with relatively liquid markets in every country in the world. It is censorship-resistant, meaning no government nor institution can, practically speaking, prevent investment or transaction in bitcoin. Bitcoin has a fixed supply, much like gold. Bitcoin is digital, which makes it practical to hoard, hold and transport. For doomsday preppers, dystopian sci-fi fans and apocalypse predictors, there is a lot to like about bitcoin.\nYet, if we look at the behavior of the bitcoin price over the last couple of weeks, as concerns over a global pandemic have ramped up, it is clear that bitcoin continues to behave more like a high-risk investment than like the safe haven which it promises to be.\nDo the markets have it wrong? Should bitcoin be more correlated with gold than with Apple stock? Maybe. But as John Maynard Keynes put it, “The markets can stay irrational longer than you can stay solvent.” The road to having bitcoin understood and viewed as a safe haven is a long one, demanding deep investment in education. What matters is the narrative around the asset, and right now the narrative around bitcoin is that it is an early-stage, high-risk bet. As far as the markets are concerned, that perception is reality.\n• India’s Supreme Court Ruling Is a Win for the Whole Blockchain Industry\n• The Markets Were Already Vulnerable, Then Came Coronavirus', 'Jill Carlson, a CoinDesk columnist, is co-founder of the Open Money Initiative, a non-profit research organization working to guarantee the right to a free and open financial system. She is also an investor in early stage startups with Slow Ventures.\nPeople think I got intobitcoin(BTC) because I have a high risk tolerance.\nActually, I got in because I have a low risk tolerance for worst-case scenarios.\nRelated:With Freedom at Stake, More Hongkongers See Bitcoin’s Unique Value\nBitcoin is often touted as a risky bet. It is nascent. It has only been around for about a decade. It is poorly understood by mass markets. It is an experiment. It could still fail. All of these claims are true. In many ways, the risk profile of bitcoin resembles that of an early stage startup. Bitcoin appears to be hovering between the trough of disillusionment and the slope of enlightenment. This **Last 60 Days of Bitcoin's Closing Prices:** [7411.32, 7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46, 8599.51, 8562.45, 8869.67, 8787.79, 8755.25] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-03-05 **Financial & Commodity Data:** - Gold Closing Price: $1666.40 - Crude Oil Closing Price: $45.90 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.41 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: When Dfinity raised $102 million in funding in 2018 at a $2 billion valuation in a round jointly led by Andreessen Horowitz and Polychain Capital, it was thought of as a step-change in the world of blockchain technology. In an area that was synonymous with generating a lot of headlines around cryptocurrency speculation, this was a shift in focus, looking instead at the architecture behind Bitcoin, Ethereum and the rest, and how it could be used for more than just "mining," distributing and using new financial instruments -- with a major, mainstream VC backing the idea, no less. Dfinity launched with a very lofty goal: to build what it called the “Internet Computer”: a decentralized and non-proprietary network to run the next generation of mega-applications. It dubbed this public network “Cloud 3.0”. Now, it looks like this Cloud is now about to break. In Davos this week, Dfinity launched the Bronze edition of its Internet Computer, a limited release that takes the startup one step closer to its full commercial release, expected later this year. And to prove out the concept of how an application would run on its new network, Dfinity today demonstrated an open social network called LinkedUp. The startup has rather cheekily called this “an open version of LinkedIn,” the Microsoft-owned social network for professionals. Unlike LinkedIn, LinkedUp, which runs on any browser, is not owned or controlled by a corporate entity. LinkedUp is built on Dfinity’s so-called Internet Computer, its name for the platform it is building to distribute the next generation of software and open internet services. The software is hosted directly on the internet on a Switzerland-based independent data center, but in the concept of the Internet Computer, it could be hosted at your house or mine: the compute power to run the application -- LinkedUp, in this case -- is coming not from Amazon AWS, Google Cloud or Microsoft Azure, but is instead based on the distributed architecture that Dfinity is building. Story continues Specifically, Dfinity notes that when enterprises and developers run their web apps and enterprise systems on the Internet Computer, the content is decentralized across a minimum of four or a maximum of an unlimited number of nodes in Dfinity's global network of independent data centers. And while the company initially was described as a blockchain-based system, that's also had some refinement. A spokesperson describes the Internet Computer as a "next-generation distributed computing system — similar to its Mainframe, Client Server, and Public Cloud predecessors" that is based on cryptography. "While DFINITY is not building a traditional blockchain/smart contract platform, it uses advanced cryptography in its consensus layer [of the Internet Computer stack] to ensure apps and workloads have the same security guarantees as Bitcoin or Ethereum," the spokesperson added, "but its network of independent data centers ensures the speed and scale required by corporates and entrepreneurs." The Internet Computer also has governance tokens to ensure the ownership of the technology is distributed, he said. LinkedUp is a test case for all of this, and so Dfinity is open-sourcing LinkedUp for developers to create other types of open internet services on the structure it has built. This "open social network for professional profiles" suggests that, on Dfinity’s model, one could create an "Open WhatsApp," "Open eBay," "Open Salesforce" or "Open Facebook." (Good news, since LinkedIn might not be so happy about a lookalike service with a name and layout that also looks very familiar, were it to go much further as a commercial endeavor. "While we can’t comment specifically on any proposed trademark, LinkedIn does monitor and take action as necessary to protect our trademarks," a spokesperson said.) “Big tech has hijacked the internet and stifled innovation by owning the proprietary infrastructure and user relationships,'' said Dominic Williams, founder and chief scientist at Dfinity in a statement. “As a result, a handful of for-profit companies have created a monopolistic and closed internet. The Internet Computer provides a means to rebuild internet services in open form." So perhaps what we should be calling this is not LinkedUp, but more a new sort of “Linux for the cloud.” Dfinity claims the application was built by “1.5 engineers in three weeks," thus demonstrating how easy the infrastructure is to use. The tools include a Canister Software Developer Kit and a simple programming language called Motoko that is optimized for Dfinity’s Internet Computer. "The Internet Computer is conceived as an alternative to the $3.8 trillion legacy IT stack, and empowers the next generation of developers to build a new breed of tamper-proof enterprise software systems and open internet services. We are democratizing software development," Williams said. "The Bronze release of the Internet Computer provides developers and enterprises a glimpse into the infinite possibilities of building on the Internet Computer — which also reflects the strength of the Dfinity team we have built so far.” Dfinity says its “Internet Computer Protocol” allows for a new type of software called autonomous software, which can guarantee permanent APIs that cannot be revoked. When all these open internet services (e.g. open versions of WhatsApp, Facebook, eBay, Salesforce, etc.) are combined with other open software and services it creates “mutual network effects” where everyone benefits. We quizzed Dfinity a little more on all this and asked whether this was an actual launch. A spokesperson told us: “Since our first major milestone of launching a terminal-based SDK and new programming language called Motoko — by the co-creator of WebAssembly — on 1 November, DFINITY has released 13 new public versions of the SDK, to our second major milestone [at WEF Davos] of demoing a decentralized web app called LinkedUp on the Internet Computer running on an independent data center in Switzerland. Subsequent milestones towards the public launch of the Internet Computer will involve (1) on-boarding a global network of independent data centers, (2) fully tested economic system, and (3) fully tested Network Nervous Systems for configuration and upgrades.” It also looks like Dfinity will not be raising more money just yet. But the question is how they plan to woo people to it? "Dfinity has been working with a select group of Fortune 500 companies, strategic consultancies, systems integrators, venture capitalists, and universities," the company said. We are not sure that it will quite suffice to take out Facebook, LinkedIn, and all the other tech giants, but we're fascinated to see how this plays out.... - 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.
9122.55, 8909.95, 8108.12, 7923.64, 7909.73, 7911.43, 4970.79, 5563.71, 5200.37, 5392.31
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:** ['INX Ltd. has entered the home stretch for its $130 million initial public offering (IPO), potentially the largest registered securities sale by a company in the blockchain sector.\nThe cryptocurrency and security token exchange startup is targeting an April launch date for the IPO, people familiar with the situation said. INX is about to kick off a series of presentations to potential investors, known as a roadshow, which wasoriginally supposed to start in January, the sources said. The firm has hired a European investment bank to act as lead underwriter for the IPO, they said.\nINX is positioning itself as a mature, dutifully compliant exchange eschewing the “beg forgiveness, don’t ask permission” practices that have defined the crypto industry for most of its history. Unlike the initial coin offerings (ICO) that claimed exemptions from securities laws by arguing their tokens weren’t investments or by selling only to wealthy investors, INX is registering with the SEC so it can solicit the general public. The process has taken the company two years.\nRelated:BitGo Reveals Bitcoin Lending Push; $150M Booked So Far\nDoubling down on compliance, the company plans to relocate its headquarters from the blockchain-friendly jurisdiction of Gibraltar to New York, INX disclosed in itsprospectus, which was updated on Monday. That means it will have to obtain a state BitLicense to serve residents, and it is in talks with the New York Department of Financial Services (NYDFS) to obtain one, the people familiar with the situation said.\nThis is the regulatory equivalent of transferring from a community college to MIT. Only about 20 BitLicenses have been granted since the New York Department of Financial Services (NYDFS) finalized its regulation in 2015, although regulatory sources said the agency has assembled a team to expedite applications. Exchanges including Kraken and ShapeShift stopped doing business in New York, calling the license’s requirements onerous, and NYDFS recently began to reassess its rules.\nIn December, the deadline passed for the U.S.Securities and Exchange Commission (SEC) to register objections to INX’s prospectus,filed over the summer. With no comments received from the SEC, the company was free to proceed with the offering, which will be sold in the form of tokens on the Ethereum blockchain.\nThe proceeds from the IPO would fund the launch of a crypto exchange, known as INX Digital, and security token platform, INX Securities. In preparation, INX has lined up several partners.\nRelated:Startup Tokenizes $2.2B in Commercial Real Estate Through Polymath\nFor example, INX has tapped Anchorage and BitGo to custody digital assets on behalf of the exchange’s clients, people familiar with the exchange said. Anchorage confirmed its involvement, and INX namedBitGoin an SEC filing.\nFurther, Tokensoft is providing design and tech advisory services and Quantstamp will audit the exchange’s smart contract code, according to the filing.\nINX’s token would be listed on its own security token platform and on other exchanges, according to the sources.\nHolders of INX’s tokens would get a share of the company’s profits and stand in line ahead of equity investors for repayment in the event of bankruptcy; the tokens would also be accepted as payment for trading fees.\nMeantime, INX has obtained money transmitter licenses in eight U.S. states so its crypto exchange will be allowed to handle fiat on-ramp and crypto-to-crypto transactions, the filing said.\nThe exchange would initially list the top 10 coins by market capitalization and add other coins and derivatives later, according to the filing.\n• Stellar Invests in Security Token Platform Targeting Developing Markets\n• Tokenized US T-Bond Fund Seeks Foothold in $17T Market', 'INX Ltd. has entered the home stretch for its $130 million initial public offering (IPO), potentially the largest registered securities sale by a company in the blockchain sector. The cryptocurrency and security token exchange startup is targeting an April launch date for the IPO, people familiar with the situation said. INX is about to kick off a series of presentations to potential investors, known as a roadshow, which was originally supposed to start in January , the sources said. The firm has hired a European investment bank to act as lead underwriter for the IPO, they said. INX is positioning itself as a mature, dutifully compliant exchange eschewing the “beg forgiveness, don’t ask permission” practices that have defined the crypto industry for most of its history. Unlike the initial coin offerings (ICO) that claimed exemptions from securities laws by arguing their tokens weren’t investments or by selling only to wealthy investors, INX is registering with the SEC so it can solicit the general public. The process has taken the company two years. Related: BitGo Reveals Bitcoin Lending Push; $150M Booked So Far Doubling down on compliance, the company plans to relocate its headquarters from the blockchain-friendly jurisdiction of Gibraltar to New York, INX disclosed in its prospectus , which was updated on Monday. That means it will have to obtain a state BitLicense to serve residents, and it is in talks with the New York Department of Financial Services (NYDFS) to obtain one, the people familiar with the situation said. This is the regulatory equivalent of transferring from a community college to MIT. Only about 20 BitLicenses have been granted since the New York Department of Financial Services (NYDFS) finalized its regulation in 2015, although regulatory sources said the agency has assembled a team to expedite applications. Exchanges including Kraken and ShapeShift stopped doing business in New York, calling the license’s requirements onerous, and NYDFS recently began to reassess its rules. Story continues In December, the deadline passed for the U.S.Securities and Exchange Commission (SEC) to register objections to INX’s prospectus, filed over the summer . With no comments received from the SEC, the company was free to proceed with the offering, which will be sold in the form of tokens on the Ethereum blockchain. Cast of characters The proceeds from the IPO would fund the launch of a crypto exchange, known as INX Digital, and security token platform, INX Securities. In preparation, INX has lined up several partners. Related: Startup Tokenizes $2.2B in Commercial Real Estate Through Polymath For example, INX has tapped Anchorage and BitGo to custody digital assets on behalf of the exchange’s clients, people familiar with the exchange said. Anchorage confirmed its involvement, and INX named BitGo in an SEC filing. Further, Tokensoft is providing design and tech advisory services and Quantstamp will audit the exchange’s smart contract code, according to the filing. INX’s token would be listed on its own security token platform and on other exchanges, according to the sources. Holders of INX’s tokens would get a share of the company’s profits and stand in line ahead of equity investors for repayment in the event of bankruptcy; the tokens would also be accepted as payment for trading fees. Meantime, INX has obtained money transmitter licenses in eight U.S. states so its crypto exchange will be allowed to handle fiat on-ramp and crypto-to-crypto transactions, the filing said. The exchange would initially list the top 10 coins by market capitalization and add other coins and derivatives later, according to the filing. Related Stories Stellar Invests in Security Token Platform Targeting Developing Markets Tokenized US T-Bond Fund Seeks Foothold in $17T Market', 'Yorke Rhodes III, a CoinDesk columnist, co-founded Blockchain at Microsoft and is principal program manager, Azure Blockchain engineering and board member ofBlockchain for Social Impact CoalitionandEnterprise Ethereum Alliance, and founding team member ofbaseline protocol.\nCongratulations, we’ve arrived in 1984.\nBooks, television and movies have foreshadowed our eerie relationship with technology since long before 1984. The idea of a reality so perfectly created you can’t tell it is manufactured has long been the stuff of science fiction. You need look no farther than films like “The Matrix,” “Total Recall” or “Inception.” While real life attempts at pervasive virtual reality have largely failed outside of gaming, things are going swimmingly well in the world of data manipulation. Our perception of reality is now shaped by the data we willingly consume from unquestioned sources across social media, news and video.\nRelated:The Tokenization Delusion\nCongratulations, he says to himself, this new reality has arrived in your lifetime. We now live in a world where people speak their truth. I applaud people speaking their truth, especially people speaking truth to power, but what is the objective truth? What does the phrase objective truth mean now and how do we arrive at it?\nSome philosophers will disagree there can be an objective truth: It is all about perception. For simplicity, let us say it is an attribute of reality that all people can agree on, whether they have met or had a shared experience. Know that your truth may not be the same as their truth. This is about lived experiences.\nRegardless, we must share our truth and speak truth to power even though it may disrupt the status quo. Cue Greta Thunberg. Her fortitude in bringing light to the science of climate change amidst trolls, skeptics and science deniers provides a stunning example of speaking truth to power.\nInformation is so dense that most people cannot consume enough to ferret out what is real.\nRelated:The Dangerous Truth About India’s Cryptocurrency Verdict\nIn the United States, our court systems mete out justice circumstantially based on the many variables at play in courtrooms. The biggest variable is information presented and withheld, and what jurors can be convinced to believe. My legal colleagues would agree this is simply a legal proceeding designed to deter **Last 60 Days of Bitcoin's Closing Prices:** [7769.22, 8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46, 8599.51, 8562.45, 8869.67, 8787.79, 8755.25, 9078.76] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-03-06 **Financial & Commodity Data:** - Gold Closing Price: $1670.80 - Crude Oil Closing Price: $41.28 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.39 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Security, scalability and regulation improvements are making Blockchain tech investible formainstream capital This second wave of interest is likely to deliver the once-hyped disruption predicted for Distributed Ledger Technology (DLT) A new and significant asset class is set to emerge and will impact on the financial services industry LONDON, UK / ACCESSWIRE / February 28, 2020 / With the initial cryptocurrency hype cycle having burned itself out, Blockchain and DLT technology has dropped off many investors radar screens. However, a new sector report by Edison Investment Research highlights a concerted surge in investment by major players across many sectors, fuelled by improving security and scalability as well as evolving regulation. From 2020 onwards, Edison expects DLT adoption to accelerate. Which means the technology is likely to finally deliver against its early promise to disrupt the financial services industry.New asset classes are likely to emerge in relatively short timeframes. Download the full report here Blockchain supports a new asset class As well as supporting the emergence of Bitcoin and other cryptocurrencies, DLT can be used to tokeniseother assets - such as shares and real estate - as well as create new assets that are digital representations of traditional securities. Until now, investment in digital assets has been a mainly retail phenomenon.But with the introduction of new regulations and start-ups professionalising their operations, institutions are making their move. Potential to disrupt existing processes DLT has the potential to replace many processes in the financial sector, including clearance, settlement, trade finance and data management. Whilst it has the benefit of reducing back-office costs and improving transaction speeds, DLTmay also reduce income streams from intermediary roles. As a partial balance, Edison sees new opportunities for services which certify the accuracy of data before entering the blockchain - as well as subsequent monitoringto keep the real assets underlying the tokens safe. Story continues Early-stage market; incumbents starting to enter The tokenisation of assets remains at an early stage, with most projects taking the form of pilots orsmall-scale trials. However, traditional financial services businesses are starting to enter the market, alongside a plethora of start-ups. Edison now expects a gradual transition to the use of blockchain, starting with use cases that have the strongest commercial rationales. Ultimately, we expect to see a shift towards asset tokenisation across a number of asset classes including non-listed equity, debt with small issue volumes and real estate. Strong interest from central banks in issuingdigital currencies further supports our belief that a tipping point has been reached in the institutional adoption of blockchain. Longer term, blockchain will reshape the industry At this early stage, we expect to see more partnerships between traditional financial institutions and digital asset specialists, and longer term we would expect to see incumbents acquiring the startups to access expertise and regulated businesses. Milosz Papst author of the report, said: "Blockchain technology is no longer just about cryptocurrency. As the sector surrounding the technology continues to evolve, new applications will continue to emerge. Investors can expect to see the financial services industry revolutionized as companies incorporate the technology into many parts of their operations. But this is still very much a new frontier, and only time will tell what the landscape will look like in a few decades time. If this were the internet's development, the year would be 1996." For media enquiries, please contact: EdisonGroup Richard Morgan Evans, Borja Miquel, Sam Du Bois E: [email protected] P: +44 20 3195 3240 About Edison: Edison is an investment research and advisory company, with offices in North America, Europe, the Middle-East and Asia-Pacific.The heart of Edison is its world renowned equity research platform and deep multi-sector expertise.At Edison Investment Research, the research is widely read by international investors, advisors and stakeholders.Edison Advisors leverages its core research platform to provide differentiated services including investor relations and strategic consulting. For more information: www.edisongroup.com Edison is authorised and regulated by the Financial Conduct Authority (FCA). Dissemination of a CORPORATE NEWS, transmitted by EQS Group. SOURCE: Edison Investment Research Limited View source version on accesswire.com: https://www.accesswire.com/578407/Edison-Investment-Research-Limited-Blockchain-The-Second-Coming-is-Nigh... - Reddit Posts (Sample): [['u/EquinoxGate', 'Can anyone explain what happened in late 2017?', 20, '2020-03-06 02:52', 'https://www.reddit.com/r/Buttcoin/comments/fe66jb/can_anyone_explain_what_happened_in_late_2017/', 'The price peaked and just under 20k when Twitter found out about the get rich quickcoin. I mean that should have been the deciding factor right? For about a week or so everyone was talking about it and shoveling change into crypto. It should have only gone up from there right? Then, as always, Twitter got bored with it and went back to pointing and laughing like Patrick Star at the next funny trend. Despite that the people over at the r/Bitcoin remain very excited about this crap. It’ll lose a quarter of it’s value, they celebrate, post a rollercoaster dropping, and spend more “fake paper money” on it. At this point social media decides what is in and what isn’t. Is Bitcoin just going to trend again and people are just going to pull that embarrassing dirt they swept under the rug and jump back on because “Oh NOW it makes sense let me spend triple what I spend last time because I WANT IN” I’m seriously at a loss for answers when it comes to that price peak and why it hasn’t even gotten close to it since. And who tf is Satoshi??', 'https://www.reddit.com/r/Buttcoin/comments/fe66jb/can_anyone_explain_what_happened_in_late_2017/', 'fe66jb', [['u/takes_bloody_poops', 11, '2020-03-06 02:59', 'https://www.reddit.com/r/Buttcoin/comments/fe66jb/can_anyone_explain_what_happened_in_late_2017/fjm2bfe/', 'Bullish.', 'fe66jb'], ['u/SnoweCat7', 21, '2020-03-06 03:09', 'https://www.reddit.com/r/Buttcoin/comments/fe66jb/can_anyone_explain_what_happened_in_late_2017/fjm376m/', 'If you look at volume, it\'s around 2-3 times what it was back then. It looks like it\'s 2-3 times harder to pump this crap than it was back then for half the result. I think most of the "normies" who got burnt the first time at the ATH have stayed away but there will be a few new suckers buying in (and a few old ones dropping out after they get fleeced).', 'fe66jb'], ['u/michapman2', 10, '2020-03-06 03:21', 'https://www.reddit.com/r/Buttcoin/comments/fe66jb/can_anyone_explain_what_happened_in_late_2017/fjm49xi/', "I think that bubble was driven in part by positive media attention which influenced 'normal people' (ie people who weren't crypto early adopters and who don't spend a lot of time thinking or talking about crypto). Once that bubble burst, Bitcoin crashed. It's doing relatively well now compared to the lows of $3,000 or so per from a year ago, but I don't think it will be able to reach that $19,000 peak again because the broad base of interest just isn't there any more. They basically just have the same mix of speculators, zealots, and manipulators that were already into it, and there's not really enough innovation in the sector to justify anyone else getting in. It's not like Bitcoin has a killer app or anything that would be attractive to people who aren't already part of the crypto ecosystem.", 'fe66jb'], ['u/Crypto_To_The_Core', 16, '2020-03-06 04:25', 'https://www.reddit.com/r/Buttcoin/comments/fe66jb/can_anyone_explain_what_happened_in_late_2017/fjm9zdf/', 'Cryptocurrency is awash in fraud and corruption, and the scammers will try to keep it going as long as they can, while there are still marks to fleece.\n\nCryptocurrency "valuation" model is utter bullshit. eg. The first 1,000,000 tokens can sell for $0.00001, so the entire market is worth $10, and then if someone pays $10 for just 1 token then suddenly the market cap to $10 million, and all the Coiners cheer and gloat about how rich they think they are. What absolute non-sense. \n\nThe really funny part is that so many Coiners hate banks because "they can print money all the they want without conqsequences" (absolute bullshit), but they have no qualms about people in their basements printing virtual tokens and selling them, or people creating their own tokens out of thin air and selling them. 2,000+ shitcoins. And Butters cannot hand over his money fast enough. The reality disconnect in cryptocurrency is just staggering.\n\nAnd then you have the strong CULT aspects of cryptocurrency and the psychology behind FOMO, HODL, strong hands vs weak hands, the PUMPS, the DUMPS, the bogus rarity and other claims, the buzzwords, the "secret knowledge", the MEMEs, the infighting between the crypto cults, the Coiners shilling their own coinz like there is no tomorrow so that they can MOON Lambo, the Coiners being told they are changing the world, they are the clever ones, and that they will be the new kings, etc is alarming and also fascinating. Cryptocurrency sure attracts those prone to delusion and visions of grandeur.\n\nBitcoiners are hoping and praying for MOON at the next Halvening, coming up in May. If / when this does not happen (and my bet is that it will not MOON), then logically there should be a massive panic sell off ... but who knows what may happen, the CULT is strong, the delusions are strong, the insane dreams of wealth are strong, and some people will believe anything to not lose face or to to try and keep the scam going long enough to get out with something.\n\nIt\'s amazing the whole train wreck is still going ... but it sure is interesting to watch it !', 'fe66jb'], ['u/Crypto_To_The_Core', 11, '2020-03-06 04:28', 'https://www.reddit.com/r/Buttcoin/comments/fe66jb/can_anyone_explain_what_happened_in_late_2017/fjma8xg/', "&gt;I think that bubble was driven in part by positive media attention which influenced 'normal people' \n\nThe 2017 PUMP was also driven by Tether.\n\nThat's out BOI !!! 💪💪💪", 'fe66jb'], ['u/Crypto_To_The_Core', 14, '2020-03-06 07:27', 'https://www.reddit.com/r/Buttcoin/comments/fe66jb/can_anyone_explain_what_happened_in_late_2017/fjmncrd/', 'Equities, metals, futures, etc are not normally based on empty promises or pyramid scams. They are nothing like crypto markets.', 'fe66jb'], ['u/OFrost', 13, '2020-03-06 10:33', 'https://www.reddit.com/r/Buttcoin/comments/fe66jb/can_anyone_explain_what_happened_in_late_2017/fjmwbxv/', "TL;DR - the euphoria from the 2017 rise created a lot of addicted participants who are chasing that high they experienced. This is highly profitable for exchanges.\n\nExchanges exist solely to work with whales and shit crypto projects to help them offload their enormous holdings of BTC and others, because there isn't enough liquidity in the market to do this all at once. They trade against their own customers in a number of different ways (printing unbacked USDT to create short-term hype, short-squeezing, getting 'hacked', painting the tape, etc.) They profit from both upwards and downward movements.\n\nPeople like CZ and the Winklevi twins have been grooming customers for years with a number of different slogans and messages:\n\n* Buy the dip = we will dump on you every so often. When we do, don't forget to buy.\n* DCA = buy from us regularly as well. Make your losses look slightly less worse by doing so!\n* Strong hands = don't sell while we sell.\n* BTC will never go below $10k again = buy above $10k.\n* BTC goes below $10k = a once in a lifetime buying opportunity!\n* Bitcoin halving = the price WILL DOUBLE!! (as long as you agree to suddenly start buying BTC from us for twice the price when mining suddenly becomes unprofitable, please please.)\n\nThese is just a sample of the kinds of messages that 'influencers' spread across Twitter and Reddit to get people to buy. If you can discourage critical thought, manipulate emotions and create enough FOMO over time then you can sell to these people for a very long time.\n\nIt might moon again, if they find an inventive enough way to push the price up without spending a lot of money. But at the moment, they are probably fine as they are.", 'fe66jb'], ['u/vslashg', 11, '2020-03-06 14:23', 'https://www.reddit.com/r/Buttcoin/comments/fe66jb/can_anyone_explain_what_happened_in_late_2017/fjn8cwm/', "&gt; If you look at volume...\n\nI enjoy reading good fantasy writing as much as the next guy, but you're not going to deduce much from reading the sci-fi that is a bit-coin exchange's self-reported volume charts.", 'fe66jb']]], ['u/Zectro', "Gavin's Deposition and Dustin Trammel's are the deposition's I'm most looking forward to hearing about", 17, '2020-03-06 03:07', 'https://www.reddit.com/r/bsv/comments/fe6dxv/gavins_deposition_and_dustin_trammels_are_the/', 'Gavin\'s [been famously cagey](https://old.reddit.com/r/bsv/comments/f9i92g/no_single_person_besides_calvin_ayre_is_more/) about his stance on CSW these days. However, in deposition format he has immunity to NDA violations and he is under oath. I\'m very curious about what new things we might learn about the magic show Craig put on for Gavin and about Gavin\'s current stance regarding CSW.\n\n[I did a whole Tweet storm on Dustin Trammell](https://twitter.com/Zectro1/status/1235168672999563265). The TLDR is he\'s an early miner who was mining as early as January 11th at least. \n\nEvery time Craig has tried to produced a list of what Bitcoin addresses were his he\'s fucked up in some way. He told the NSW court about his addresses and ended up claiming to control an address that not only didn\'t belong to him, but which has signed recently calling him a liar and a fraud, but he also accidentally claimed an address known to belong to the person who robbed Mt. Gox.\n\nMore recently he claimed he "definitely controlled" an address known to belong to Mike Hearn. In an effort to guard against self-incrimination he desperately enlisted the services of his bumbling CTO over at nChain, Shadders, and aforementioned CTO fucked up that "very careful analysis," which was rejected on principle as inadequate. There\'s little question that somewhere in the "Tulip Trust documents" delivered by his "bonded courier" there\'s an egregious mistake where he misattributes some address to Satoshi that can be proven not to belong to Satoshi and/or omits known add... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
8909.95, 8108.12, 7923.64, 7909.73, 7911.43, 4970.79, 5563.71, 5200.37, 5392.31, 5014.48
You are an expert financial analyst. Your primary task is to 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 rose by 1.00% on Friday. Following on from a 3.44% rally on Thursday, Bitcoin ended the day at $9,180.6. A bearish start to the day saw Bitcoin fall to an early morning intraday low $9,011.3 before finding support. Steering clear of the first major support level at $8,857.43, Bitcoin rallied to a late morning intraday high $9,199.70. Falling short of the first major resistance level at $9,255.33, Bitcoin fell back to sub-$9,100 levels. Finding late support, however, Bitcoin bounced back to close out the day in positive territory. The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, with Bitcoin struggling to break out from $10,000 levels. For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the top 10 cryptos, it was a bullish day for the crypto majors. Ethereum led the way, rallying by 7.42%. Binance Coin (+2.99%), Bitcoin Cash ABC (+3.42%), Bitcoin Cash SV (+2.60%), Litecoin (+2.09%), Ripple’s XRP (+2.43%), Stellar’s Lumen (+2.78%), Tezos (+3.03%), and Tron’s TRX (+2.41%) also saw solid gains. Cardan’s ADA (+1.34%), EOS (+1.92%), and Monero’s XMR (+0.72%) trailed the pack. Through the current week, the crypto total market cap rose to a Friday high $263.56bn from a Monday low $243.1. At the time of writing, the total market cap stood at $263.18bn. Bitcoin’s dominance fell back from 64% levels in the week as the broader market found support. At the time of writing, Bitcoin’s dominance stood at 63.2%. Trading volumes hit an early Tuesday high $187.15bn before falling back to sub-$130bn levels. At the time of writing, 24-hr volumes stood at $137.34bn. This Morning At the time of writing, Bitcoin was down by 0.62% to $9,124.0. A bearish start to the day saw Bitcoin fall from an early morning high $9,183.6 to a low $9,121.8. Bitcoin left the major support and resistance levels untested early on. Story continues Elsewhere, it was a mixed start to the day. Bitcoin Cash ABC and Monero’s XMR bucked the trend early on, rising by 0.30% and by 0.64% respectively. Tezos and Binance Coin led the way down early on, with losses of 1.89% and 1.55% respectively. For the Bitcoin Day Ahead Bitcoin would need to steer clear of sub-$9,130 levels to support a run at the first major resistance level at $9,249.77. Support from the broader market would be needed, however, for Bitcoin to break out from Friday’s high $9,199.7. Barring an extended crypto rally, resistance at $9,200 would likely limit any upside on the day once more. In the event of a breakout, expect the 38.2% FIB of $9,260 and second major resistance level at $9,318.93 to come into play. Failure to hold above $9,130 levels could see Bitcoin fall deeper into the red A fall back through the morning low $9,121.8 would bring the first major support level at $9,061.37 into play. Barring an extended crypto sell-off, however, Bitcoin should steer clear of the sub-$9,000 levels on the day. This article was originally posted on FX Empire More From FXEMPIRE: Crude Oil Weekly Price Forecast – Crude Oil Markets Continue to Fall Natural Gas Price Forecast – Natural Gas Markets Break Down a Bit USD/JPY Weekly Price Forecast – US Dollar Falls Hard Against Japanese Yen S&P 500 Price Forecast – Stock Markets Broke Down a Bit on Friday Again Natural Gas Price Prediction – Prices Drop in Sympathy with Crude, Could Test 2016 Lows Silver Weekly Price Forecast – Silver Markets Trying to Base', 'Bitcoin rose by 1.00% on Friday. Following on from a 3.44% rally on Thursday, Bitcoin ended the day at $9,180.6. A bearish start to the day saw Bitcoin fall to an early morning intraday low $9,011.3 before finding support. Steering clear of the first major support level at $8,857.43, Bitcoin rallied to a late morning intraday high $9,199.70. Falling short of the first major resistance level at $9,255.33, Bitcoin fell back to sub-$9,100 levels. Finding late support, however, Bitcoin bounced back to close out the day in positive territory. The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, with Bitcoin struggling to break out from $10,000 levels. For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the top 10 cryptos, it was a bullish day for the crypto majors. Ethereum led the way, rallying by 7.42%. Binance Coin (+2.99%), Bitcoin Cash ABC (+3.42%), Bitcoin Cash SV (+2.60%), Litecoin (+2.09%), Ripple’s XRP (+2.43%), Stellar’s Lumen (+2.78%), Tezos (+3.03%), and Tron’s TRX (+2.41%) also saw solid gains. Cardan’s ADA (+1.34%), EOS (+1.92%), and Monero’s XMR (+0.72%) trailed the pack. Through the current week, the crypto total market cap rose to a Friday high $263.56bn from a Monday low $243.1. At the time of writing, the total market cap stood at $263.18bn. Bitcoin’s dominance fell back from 64% levels in the week as the broader market found support. At the time of writing, Bitcoin’s dominance stood at 63.2%. Trading volumes hit an early Tuesday high $187.15bn before falling back to sub-$130bn levels. At the time of writing, 24-hr volumes stood at $137.34bn. This Morning At the time of writing, Bitcoin was down by 0.62% to $9,124.0. A bearish start to the day saw Bitcoin fall from an early morning high $9,183.6 to a low $9,121.8. Bitcoin left the major support and resistance levels untested early on. Story continues Elsewhere, it was a mixed start to the day. Bitcoin Cash ABC and Monero’s XMR bucked the trend early on, rising by 0.30% and by 0.64% respectively. Tezos and Binance Coin led the way down early on, with losses of 1.89% and 1.55% respectively. For the Bitcoin Day Ahead Bitcoin would need to steer clear of sub-$9,130 levels to support a run at the first major resistance level at $9,249.77. Support from the broader market would be needed, however, for Bitcoin to break out from Friday’s high $9,199.7. Barring an extended crypto rally, resistance at $9,200 would likely limit any upside on the day once more. In the event of a breakout, expect the 38.2% FIB of $9,260 and second major resistance level at $9,318.93 to come into play. Failure to hold above $9,130 levels could see Bitcoin fall deeper into the red A fall back through the morning low $9,121.8 would bring the first major support level at $9,061.37 into play. Barring an extended crypto sell-off, however, Bitcoin should steer clear of the sub-$9,000 levels on the day. This article was originally posted on FX Empire More From FXEMPIRE: Crude Oil Weekly Price Forecast – Crude Oil Markets Continue to Fall Natural Gas Price Forecast – Natural Gas Markets Break Down a Bit USD/JPY Weekly Price Forecast – US Dollar Falls Hard Against Japanese Yen S&P 500 Price Forecast – Stock Markets Broke Down a Bit on Friday Again Natural Gas Price Prediction – Prices Drop in Sympathy with Crude, Could Test 2016 Lows Silver Weekly Price Forecast – Silver Markets Trying to Base', 'Tanvi Ratna is the founder and CEO of Policy 4.0 and works actively with policymakers in India on blockchain initiatives. She formerly worked on blockchain with EY India and was a fellow on cryptocurrency regulation at the New America Foundation. Industry watchers cheered on March 6 when the Supreme Court of India struck down the Reserve Bank of India’s (RBI) ban on financial institutions providing banking services to cryptocurrency businesses. However, embedded in the text of the judgment are multiple red flags. In addition, a draft bill to ban cryptocurrencies, released on Feb. 28, 2019, could still move through Parliament. As analyzed by me previously, taken together, red flags in the court victory and the possibility of legislation moving forward mean that crypto’s legal status in India remains vulnerable. The fine print Related: Bitcoin, Bonds and Gold: Why Markets Are Upended in a Time of Fear A review of the 180-page judgment reveals the premises of the verdict are not in alignment with what the industry has assumed. In essence, the entire verdict hinges on the violation of one of the fundamental rights of the Indian constitution – Article 19 (1) (g), which guarantees the freedom to practice any profession. The Supreme Court concluded the RBI’s measure violated Article 19 (1) (g) for virtual currency exchanges, and that the prohibition measure was not proportional to the threat. The verdict also concluded the central bank had not substantiated the threat with empirical data or credibly examined alternative measures. However, one of the reasons the Supreme Court supported the industry was because there was “no law banning virtual currencies yet,” which implies the verdict would not stand once there is such a law. The court also referred to cryptocurrencies as a “by-product” of blockchain technology and said the government could separate the two. This refrain of segregating blockchain and crypto has been the premise behind most federal policy to date. Story continues Related: tZero-Affiliated Firm Hopes SEC Will Pass Updated Proposal for Security Token Platform In a detailed post-verdict analysis , I go over specific excerpts of the judgment, examine other red flags and discuss immediate possible reactions to the verdict. The industry has won a hard-fought battle, and we can expect to not see a similar reactive prohibition again. However, the clock is ticking on the response of the legislative branch, which could move soon to enact legislation. The central bank, however, can only move a successful appeal if it amasses credible evidence of a monetary risk from cryptocurrencies. Positive signals Outside the realm of financial regulators and legislators there have been many government voices speaking up for a more progressive approach to blockchain in India. The federal ministry for IT recently released a Draft National Strategy for Blockchain . This report looked at more advanced applications of blockchain, for ex **Last 60 Days of Bitcoin's Closing Prices:** [8163.69, 8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46, 8599.51, 8562.45, 8869.67, 8787.79, 8755.25, 9078.76, 9122.55] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-03-07 **Financial & Commodity Data:** - Gold Closing Price: $1670.80 - Crude Oil Closing Price: $41.28 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.38 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: At the time of writing, Bitcoin Cash (BCH) is trading at around $369 following an 8% pump over the weekend. In addition, BCH is up close to 2% in the past 24 hours. Since the start of the new year, the price of BCH has risen $179 from about $190 to $369. In essence, BCH has grown nearly 100% since January 1, but it’s still well below its 2019 summer high. Will BCH start pushing higher again thanks to recent developments ? And if so, what are the next levels of support to look out for? Let’s take a look at the chart for Bitcoin Cash, courtesy of TradingView . Bitcoin Cash is showing extremely positive signs. Not only did the altcoin rebound spectacularly after last week’s downturn, but key levels are also being respected. BCH is also making strong gains against the market’s number-one cryptocurrency Bitcoin, as discussed yesterday . Bitcoin Cash had been falling since late September after it lost close to 50% in value in just a few days. After a swift recovery during November, the altcoin came crashing back down well below the 20-day EMA. Nevertheless, during December 2019, the market started to rebound. BCH has now crossed all its EMAs and has found support way above the 200-day EMA. As discussed last week , the next big resistance levels are virtually non-existent, so we could see Bitcoin Cash pumping towards $400 soon. Afterwards, we might see some resistance between $415 and $450. It all depends on the seriousness of buyers. In terms of volume, Bitcoin Cash is sitting at just above $3.8 billion – a little over half of early January’s volume. Perhaps it is too early to proclaim victory since volume is free falling. Next week, we’ll surely have more certainties regarding the upcoming altcoin season . Safe trades! BCH fundamentals I recently spoke with Bitcoin Cash’s strongest advocate, Roger Ver , and discussed the most recent developments on the horizon for BCH. You can find all the details here , but the most juicy news seems to be the recent spike in adoption due to the implementation of smart contracts. Story continues Roger, like myself, believes key components for mass adoption are speed and flexibility. What Bitcoin Cash Oracles offers is a way for any user to easily deploy an “escrow” transaction that can be used to trade globally – without the hassle of trusting the other party. I personally think these “trade escrows” will be key in terms of adoption, especially for work-related tasks. In a way, they do enable milestone-based funding, which may be the new and better way of conducting ICOs instead of simply creating an extra layer of complexity with STOs that require KYC and accreditation – something that goes against what we should be promoting within the crypto ecosystem. Current live BCH pricing information and interactive charts are available on our site 24 hours a day. The ticker bar at the bottom of every page on our site has the latest BCH price. Pricing is also available in a range of different currency equivalents: US Dollar – BCHtoUSD British Pound Sterling – BCHtoGBP Japanese Yen – BCHtoJPY Euro – BCHtoEUR Australian Dollar – BCHtoAUD Russian Rouble – BCHtoRUB Bitcoin – BCHtoBTC About Bitcoin Cash Bitcoin Cash was born out of the idea of making Bitcoin more practical for small, day-to-day payments. In May 2017, Bitcoin payments took about four days unless a fee was paid, which was proportionately too large for small transactions. A change to the code was implemented and Bitcoin Cash was born on 1st August 2017. More Bitcoin Cash news and information If you want to find out more information about Bitcoin Cash or cryptocurrencies in general, then use the search box at the top of this page. Here’s an article to get you started: Roger Ver to launch crypto exchange on Bitcoin.com By Oliver Knight – January 28, 2020 As with any investment, it pays to do some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. This page is not recommending a particular currency or whether you should invest or not. You may be interested in our range of cryptocurrency guides along with the latest cryptocurrency news . The post Latest Bitcoin Cash price and analysis (BCH to USD) appeared first on Coin Rivet .... - Reddit Posts (Sample): [['u/axolotl_peyotl', 'List of Coronavirus Reports That Use the Number "33"', 125, '2020-03-07 00:58', 'https://www.reddit.com/r/conspiracy/comments/femqp8/list_of_coronavirus_reports_that_use_the_number_33/', "[With 33 coronavirus cases, Thailand still welcomes Chinese tourists](https://thethaiger.com/hot-news/economy/with-33-coronavirus-cases-thailand-still-welcomes-chinese-tourists)\n\n[China imposes travel restrictions on 33 million people as virus toll climbs](https://www.nbcnews.com/news/world/china-expands-lockdowns-cover-10-cities-builds-hospital-treat-coronavirus-n1121841)\n\n[Shocking X-rays show effect that killer virus had on 33-year-old's vital organs](https://www.dailymail.co.uk/news/article-7955337/X-rays-effect-killer-virus-33-year-olds-vital-organs.html)\n\n[California Monitoring 8,400 People for Coronavirus, 33 Have Tested Positive](https://www.nationalreview.com/news/california-monitoring-8400-people-for-coronavirus-33-have-tested-positive/)\n\n[Singapore raises alert level as coronavirus cases jump to 33](https://www.nst.com.my/world/world/2020/02/563435/singapore-raises-alert-level-coronavirus-cases-jump-33)\n\n[33 close contacts of Italian woman infected with coronavirus confined to home](https://www.catalannews.com/society-science/item/33-close-contacts-of-italian-woman-infected-with-coronavirus-confined-to-home)\n\n[No signs of Coronavirus in 33 who returned from Wuhan](https://www.onlanka.com/news/no-signs-of-coronavirus-in-33-who-returned-from-wuhan.html)\n\n[Diamond Princess cruise ship: number of cases spike 33%](https://eu.usatoday.com/story/travel/cruises/2020/02/11/coronavirus-thailand-bars-holland-america-cruise-ship-disembarking/4714464002/)\n\n[Coronavirus: Almost 3300 have died](https://www.nytimes.com/article/what-is-coronavirus.html)\n\n[Bill Gates ‘predicted’ how coronavirus-like pandemic could spread saying 33 MILLION may die in first six months](https://www.thesun.co.uk/news/10814760/bill-gates-predicted-coronavirus-simulation-33-million-die/)\n\n[Japan has confirmed around 10 more cases of coronavirus among passengers on a cruise ship with 3,700 [3700! MH370...] people aboard, bringing the total number of infections in the country to 33.](https://www.rt.com/news/480084-japan-cruise-ship-coronavirus/)\n\n[Pakistan among 33 countries that provided medical supplies to fight coronavirus](https://www.geo.tv/latest/272409-pakistan-among-33-countries-which-provided-medical-supplies-to-fight-coronavirus-china)\n\n[33-year-old Chinese woman gives birth to a health baby](https://www.oneindia.com/international/33-year-old-chinese-woman-infected-with-coronavirus-gives-birth-to-a-healthy-baby-3031368.html)\n\n[Germany's first coronavirus case is a 33-year-old man](https://www.aljazeera.com/news/2020/01/germany-european-country-confirm-coronavirus-200128074844874.html)\n\n[The forecast Chinese hit in the first quarter will shave about €33 million off group sales for the year](https://www.irishtimes.com/business/exposed-to-coronavirus-how-irish-business-is-coping-with-fallout-1.4178749)\n\n[Chinese state media reported that 585 samples taken at the market yielded 33 positive matches for the coronavirus’s DNA](https://www.popsci.com/story/health/wuhan-coronavirus-china-wet-market-wild-animal/)\n\n[33 patients in the Netherlands](http://itnt.news/wp-content/uploads/2020/03/coronavirus-33-brabant.png)\n\n[The city of Tianjin on high alert, 33 patients linked to a department store](https://us.blastingnews.com/news/2020/02/video/coronavirus-the-city-of-tianjin-on-high-alert-33-patients-linked-to-a-department-store-005304623.html)\n\n[The CDC reports 33 confirmed cases of coronavirus (COVID-19) in the U.S](https://community.aafa.org/blog/coronavirus-2019-ncov-flu-what-people-with-asthma-need-to-know)\n\n[Coronavirus: 33 Fragen, die sich jeder Unternehmer jetzt stellen sollte](https://www.impulse.de/management/unternehmensfuehrung/coronavirus-checkliste/7483641.html)\n\n[TWICE’s Nayeon donates £33k to coronavirus relief efforts in South Korea](https://metro.co.uk/2020/03/02/twices-nayeon-donates-33000-charity-support-treatment-coronavirus-12336306/)\n\n[Coronavirus, 33 strutture al vaglio per la quarantena in Umbria: «Ancora nessuna scelta»](http://www.umbria24.it/attualita/coronavirus-ecco-il-luogo-per-la-quarantena-in-umbria)\n\n[Il Coronavirus in 33 Comuni del territorio. Il maggior numero di contagi a Cremona](https://www.cremonaoggi.it/2020/02/28/coronavirus-33-comuni-del-territorio-maggior-numero-contagi-cremona/)\n\n[Coronavirus in Spain: 33 positive cases and hundreds of people under active surveillance](https://translate.google.com/translate?hl=en&amp;sl=es&amp;u=https://gomeraverde.es/art/78622/coronavirus-33-casos-positivos-y-cientos-de-personas-en-vigilancia-activa&amp;prev=search)\n\n[Stock Market Lost Value of 33 Bitcoin Markets in One Week](https://www.coinspeaker.com/stock-market-value-bitcoin/)\n\n[Coronavirus: 33 potential cases are analyzed in Quebec](https://translate.google.com/translate?hl=en&amp;sl=fr&amp;u=https://www.msn.com/fr-ca/actualites/quebec-canada/coronavirus-33-cas-potentiels-sont-analys%25C3%25A9s-au-qu%25C3%25A9bec/ar-BB10KDLt%3Fli%3DAAgh0dy&amp;prev=search)\n\n[With 33 in isolation, a look at how Delhi is battling coronavirus crisis](https://www.hindustantimes.com/delhi-news/with-33-in-isolation-here-is-how-delhi-is-tackling-coronavirus-crisis/story-2EdHvqG4e0zcrso6w3XRNI.html)\n\n[33 coronavirus cases in Bay Area](https://abc7news.com/society/watch-in-60-33-bay-area-coronavirus-cases-princess-cruise-ship-concerns-over-virus/5989395/)\n\n[There are already 33 suspected cases of coronavirus analyzed by Malbrán, four of them today](https://translate.google.com/translate?hl=en&amp;sl=es&amp;u=https://www.infobae.com/coronavirus/2020/03/04/ya-son-33-los-casos-sospechosos-por-coronavirus-que-analizo-el-malbran-cuatro-de-ellos-en-el-dia-de-hoy/&amp;prev=search)\n\n[Additional Coronavirus Death Reported in S. Korea, Raising Death Toll to 33](http://world.kbs.co.kr/service/news_view.htm?lang=e&amp;Seq_Code=151771)\n\n[Lululemon forced to close 33 stores in China due to coronavirus](https://www.themds.com/companies/lululemon-forced-to-close-33-stores-in-china-due-to-coronavirus.html)\n\n[Japan recorded 33 new cases of coronavirus on Wednesday](https://edition.cnn.com/asia/live-news/coronavirus-outbreak-03-04-20-intl-hnk/h_63bc729e2fa24ce01e898644ea60468a)\n\n['Nothing can stop it now': Dire coronavirus warning as two Australians who HADN'T travelled overseas are struck down with the killer virus - bringing the number of cases to 33](https://www.dailymail.co.uk/news/article-8064167/First-human-human-transfer-COVID-19-Australia.html)\n\n[Sweden: Coronavirus cases up to 33](http://itnt.news/wp-content/uploads/2020/03/coronavirus-sweden.png)\n\n[Canada now at 33 confirmed cases of coronavirus](https://nationalpost.com/news/canada/british-columbia-confirms-ninth-case-of-covid-19-in-man-who-returned-from-iran)\n\n[EU Sees 33 Coronavirus Cases So Far](https://www.european-views.com/2020/02/eu-sees-33-coronavirus-cases-so-far-european-crisis-center-at-full-capacity/)\n\n[Business activity in China is at 33% of its pre-coronavirus norm](https://www.marketwatch.com/story/business-activity-in-china-is-at-33-of-its-pre-coronavirus-norm-government-planning-official-2020-02-28)\n\n[The total number of confirmed cases in England is now 33](https://www.gov.uk/government/news/cmo-for-england-announces-12-new-cases-of-novel-coronavirus-01-march-2020)\n\n[Thailand reports 1 new case of coronavirus, brings total to 33](https://www.bangkokpost.com/thailand/general/1855184/thailand-reports-1-new-case-of-coronavirus-brings-total-to-33)\n\n[Boston health officials monitoring 33 people who could develop coronavirus](https://whdh.com/news/boston-health-officials-monitoring-33-people-who-could-develop-coronavirus/)\n\n[Coronavirus: 33 suspected cases all test negative – GHS boss](https://citinewsroom.com/2020/03/coronavirus-33-suspected-cases-all-test-negative-ghs-boss/)\n\n[California confirms 33 cases of new coronavirus](https://www.aa.com.tr/en/live/us-california-confirms-33-cases-of-new-coronavirus/1747658)\n\n[Bahrain confirms all 33 coronavirus cases ‘not at risk and are in recovery’](https://english.alarabiya.net/en/News/gulf/2020/02/27/Bahrain-confirms-all-33-coronavirus-cases-not-at-risk-and-are-in-recovery-.html)\n\n[Why does the Wuhan coronavirus genome end in aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa (33 a's)?](https://bioinformatics.stackexchange.com/questions/11227/why-does-the-wuhan-coronavirus-genome-end-in-aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa)", 'https://www.reddit.com/r/conspiracy/comments/femqp8/list_of_coronavirus_reports_that_use_the_number_33/', 'femqp8', [['u/123throwawaybleh', 10, '2020-03-07 01:00', 'https://www.reddit.com/r/conspiracy/comments/femqp8/list_of_coronavirus_reports_that_use_the_number_33/fjp0zhl/', 'What the...', 'femqp8'], ['u/axolotl_peyotl', 35, '2020-03-07 01:01', 'https://www.reddit.com/r/conspiracy/comments/femqp8/list_of_coronavirus_reports_that_use_the_number_33/fjp15gj/', 'This post is not meant to suggest that every single one of these linked articles are connected in some freemasonic plot.\n\nHowever, the preponderance of 33\'s is becoming increasingly hard to ignore.\n\nFor those who might say, "well, you can choose any number and get the same results...it\'s confirmation basis!"\n\nOk...choose any number. \n\nFind one with even half the representation listed here. I will be impressed if you can find even a third!', 'femqp8'], ['u/AnnunakiFlow', 39, '2020-03-07 01:10', 'https://www.reddit.com/r/conspiracy/comments/femqp8/list_of_coronavirus_reports_that_use_the_number_33/fjp1vpe/', 'Freemasons gotta represent', 'femqp8'], ['u/ContraCelsum', 26, '2020-03-07 01:24', 'https://www.reddit.com/r/conspiracy/comments/femqp8/list_of_coronavirus_reports_that_use_the_number_33/fjp345e/', "Those pesky freemasons at it again! \n\nHonestly I think its just their u... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
8108.12, 7923.64, 7909.73, 7911.43, 4970.79, 5563.71, 5200.37, 5392.31, 5014.48, 5225.63
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Bitcoin fell by 2.85% on Saturday. Reversing a 1.00% gain from Friday, Bitcoin ended the day at $8,919.0. Range-bound through the morning, Bitcoin rose to an afternoon intraday high $9,241.5 before hitting reverse. Coming within range of the first major resistance level at $9,249.77, Bitcoin slid to a late afternoon intraday low $8,867.4. Bitcoin fell through the first major support level at $9,061.37 and the second major support level at $8,942.13. Late on, Bitcoin briefly broke back through the second major support level before wrapping up the day at sub-$8,920 levels. The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, with Bitcoin struggling to break out from $10,000 levels. For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the top 10 cryptos, it was a bearish day for the crypto majors. Bitcoin Cash SV, Tezos, and Tron’s TRX led the way down, with losses of 6.78%, 6.06%, and 7.37% respectively. Binance Coin (-5.14%), Bitcoin Cash ABC (-5.60%), Cardano’s ADA (-5.93%), EOS (-5.13%) and Stellar’s Lumen (-5.10%) also saw heavy losses. Ethereum (-3.17%), Litecoin (-4.40%), Monero’s XMR (-4.76%), and Ripple’s XRP (-3.54%) saw relatively modest losses on the day. Through the current week, the crypto total market cap rose to from a Monday low $243.1bn to a Saturday high $264.66bn. At the time of writing, the total market cap stood at $251.05bn. Bitcoin’s dominance fell back from 64% levels in the week as the broader market found support. At the time of writing, Bitcoin’s dominance stood at 63.6%, the upside coming from the Saturday sell-off. Trading volumes hit an early Tuesday high $187.15bn before falling back to sub-$130bn levels. At the time of writing, 24-hr volumes stood at $135.19bn. This Morning At the time of writing, Bitcoin was down by 1.78% to $8,760.1. Another bearish start to the day saw Bitcoin fall from an early morning high $8,919.0 to a low $8,750.0. Story continues Bitcoin fell through the first major support level at $8,777.10 early on in the day. Elsewhere, it was also a bearish start to the day. Binance Coin and Tezos led the way down with losses of 4.31% and 4.65% respectively. EOS and Ripple’s XRP saw relatively modest losses of 1.21% and 1.95% at the time of writing. For the Bitcoin Day Ahead Bitcoin would need to break back through the first major support level and move through to $9,000 levels to support a run at the first major resistance level at $9,151.2. Support from the broader market would be needed, however, for Bitcoin to break back through to $9,000 levels. Barring a broad-based crypto rebound, resistance at $9,000 would likely limit any upside on the day once more. In the event of a breakout, expect the 38.2% FIB of $9,260 would likely come into play before any pullback. Failure to break back through the first major support level could see Bitcoin fall deeper into the red A fall back through the morning low $8,750.0 would bring the second major support level at $8,635.20 into play. Barring an extended crypto sell-off, however, Bitcoin should steer clear of the sub-$8,600 levels on the day. This article was originally posted on FX Empire More From FXEMPIRE: Crude Oil Weekly Price Forecast – Crude Oil Markets Continue to Fall S&P 500 Price Forecast – Stock Markets Broke Down a Bit on Friday Again Natural Gas Weekly Price Forecast – Natural Gas Markets Show Signs of Weakness Yet Again Crude Oil Price Forecast – Crude Oil Markets Break Down The Crypto Daily – Movers and Shakers -07/03/20 Silver Weekly Price Forecast – Silver Markets Trying to Base', 'Bitcoin fell by 2.85% on Saturday. Reversing a 1.00% gain from Friday, Bitcoin ended the day at $8,919.0. Range-bound through the morning, Bitcoin rose to an afternoon intraday high $9,241.5 before hitting reverse. Coming within range of the first major resistance level at $9,249.77, Bitcoin slid to a late afternoon intraday low $8,867.4. Bitcoin fell through the first major support level at $9,061.37 and the second major support level at $8,942.13. Late on, Bitcoin briefly broke back through the second major support level before wrapping up the day at sub-$8,920 levels. The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, with Bitcoin struggling to break out from $10,000 levels. For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the top 10 cryptos, it was a bearish day for the crypto majors. Bitcoin Cash SV, Tezos, and Tron’s TRX led the way down, with losses of 6.78%, 6.06%, and 7.37% respectively. Binance Coin (-5.14%), Bitcoin Cash ABC (-5.60%), Cardano’s ADA (-5.93%), EOS (-5.13%) and Stellar’s Lumen (-5.10%) also saw heavy losses. Ethereum (-3.17%), Litecoin (-4.40%), Monero’s XMR (-4.76%), and Ripple’s XRP (-3.54%) saw relatively modest losses on the day. Through the current week, the crypto total market cap rose to from a Monday low $243.1bn to a Saturday high $264.66bn. At the time of writing, the total market cap stood at $251.05bn. Bitcoin’s dominance fell back from 64% levels in the week as the broader market found support. At the time of writing, Bitcoin’s dominance stood at 63.6%, the upside coming from the Saturday sell-off. Trading volumes hit an early Tuesday high $187.15bn before falling back to sub-$130bn levels. At the time of writing, 24-hr volumes stood at $135.19bn. This Morning At the time of writing, Bitcoin was down by 1.78% to $8,760.1. Another bearish start to the day saw Bitcoin fall from an early morning high $8,919.0 to a low $8,750.0. Story continues Bitcoin fell through the first major support level at $8,777.10 early on in the day. Elsewhere, it was also a bearish start to the day. Binance Coin and Tezos led the way down with losses of 4.31% and 4.65% respectively. EOS and Ripple’s XRP saw relatively modest losses of 1.21% and 1.95% at the time of writing. For the Bitcoin Day Ahead Bitcoin would need to break back through the first major support level and move through to $9,000 levels to support a run at the first major resistance level at $9,151.2. Support from the broader market would be needed, however, for Bitcoin to break back through to $9,000 levels. Barring a broad-based crypto rebound, resistance at $9,000 would likely limit any upside on the day once more. In the event of a breakout, expect the 38.2% FIB of $9,260 would likely come into play before any pullback. Failure to break back through the first major support level could see Bitcoin fall deeper into the red A fall back through the morning low $8,750.0 would bring the second major support level at $8,635.20 into play. Barring an extended crypto sell-off, however, Bitcoin should steer clear of the sub-$8,600 levels on the day. This article was originally posted on FX Empire More From FXEMPIRE: Crude Oil Weekly Price Forecast – Crude Oil Markets Continue to Fall S&P 500 Price Forecast – Stock Markets Broke Down a Bit on Friday Again Natural Gas Weekly Price Forecast – Natural Gas Markets Show Signs of Weakness Yet Again Crude Oil Price Forecast – Crude Oil Markets Break Down The Crypto Daily – Movers and Shakers -07/03/20 Silver Weekly Price Forecast – Silver Markets Trying to Base', 'CAMBRIDGE, CAMBRIDGESHIRE / ACCESSWIRE / March 8,2020 / Rowan Energy , a blockchain-based, peer-to-peer energy trading platform, is about to launch its IEO! The media has been going quite crazy about Rowan, the blockchain-powered energy trading portal that is targeting both the residential as well as commercial properties. In a recent interview David Duckworth, the Founder of Rowan Energy was quite candid about his personal life and spent hours talking about the project in detail. While talking about the journey of his life he said, "Initially I worked as a freelance consultant for security & Firewall with top banks, law firms, and even insurance companies. My introduction to bitcoin happened in 2014 through my father in law who found out about bitcoin from a UK newspaper. Soon after I started a venture of my own for mining bitcoins in Cambridge. The 50TH/s mine which filled an entire room was hosted in a shared office. But after a year, my landlord excluded electricity from the lease, which made the entire venture unprofitable so I had to sell off the equipment. In 2018, FIT, which is a solar incentive of the United Kingdom, came to an end which made me think about the importance of such projects in the society and the need for them. This is how I got inspired to start Rowan where the trading bot can be used for trading energy between the consumers and the solar owners. But after years of innovation and brainstorming it\'s only a minor part of the entire project that aims to deliver way more than trading of energy." What sets this project apart is the fact that unlike the others, they have built their own infrastructure which gives their business an added value and much more control over its operations. This is just the start, they also have multiple layers of protection to make sure that all the user data are safe and secure to keep the data away from the lookups of the regular block explorers. Having their own structure also means that they don\'t need to wait for anyone before making any upgrade to the system. This is also the first such project to have a massive presence in the UK which targets the various commercial properties. Story continues There are two major ways the Rowan Energy will get a boost to its values. Both the co-owners have previously built a smart meter network which gives them an added advantage with Rowan. Also they have a Proof Of Concept signed with PassivSystems, a meter reading company. Rowan will also have complete access to the market being the only certificate provider for residential properties. With only a nominal transaction fee, these guys plan on making pee **Last 60 Days of Bitcoin's Closing Prices:** [8079.86, 7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46, 8599.51, 8562.45, 8869.67, 8787.79, 8755.25, 9078.76, 9122.55, 8909.95] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-03-08 **Financial & Commodity Data:** - Gold Closing Price: $1670.80 - Crude Oil Closing Price: $41.28 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.33 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Jeff Dorman, a CoinDesk columnist, is chief investment officer at Arca where he leads the investment committee and is responsible for portfolio sizing and risk management. He has more than 17 years of trading and asset management experience at firms including Merrill Lynch and Citadel Securities. Carl Icahn is famous for moving in and out of asset classes. This is quite different than how most asset managers and professional investors invest, who are generally locked into an asset class based on specific mandate, and are therefore forced to try to make something out of whatever is available to them, even if the opportunity set isn’t great. While some may label Icahn an activist investor, or a vulture investor, he’s actually more appropriately labeled as an “opportunist,” which is to say he isn’t just an equity guy or a bond guy or a real estate guy. Icahn has famously said,“My investment philosophy, generally, is to buy something when no one wants it.” The crypto markets to date have been dominated by crypto-native investors. There is very little cross-asset ownership largely because the infrastructure is totally different. Crypto investing doesn’t fit with traditional investor mandates, nor does it fit within the work flows of traditional banks, prime brokerages, exchanges or algorithms. This is slowly changing with the entry of traditional financial powerhouses to the digital assets space like Fidelity, CME and NYSE, but this asset class is still largely foreign and unappealing to the majority of investors. Related:You Are the Product: A Three-Step Plan to Take Back Control of Personal Data Crypto needs investors to come and go who aren’t solely crypto investors. That said, a lack of full attention has its advantages. When one isn’t focused day to day on the equity markets, it is often easier to see one or two data points, interpret the data and make clear and objective decisions. For example, 2019 earnings were incredibly weak, and the majority of stock gains were via multiple expansion and central bank balance sheet growth. As a non-equity investor, this seems like a better time to sell than buy. Similarly, if you’re not focused every day on digital assets and were presented with just the facts right now regarding supply and demand, adoption and monetary policy, you might conclude the current macro environment iscreating the perfect storm for owning certain digital assets. We see this dynamic play out all the time in traditional markets. In 2008, many value investors moved away from equities and into corporate bonds, and distressed debt investors largely moved into bank debt and mortgages. In 2012, many U.S. bond investors moved into European bank loans. And from 2015 to present, just about everyone has rotated into equities. Similarly, crypto needs investors to come and go who aren’t solely crypto investors. This asset rotation and opportunistic investing will help the market find equilibrium at both market tops and bottoms, helping to reduce the crazy highs and the depressing lows historically associated with this asset class. Related:No, Concentration Among Miners Isn’t Going to Break Bitcoin Easier said than done of course, but we are beginning to see this happen in real time. Those not in the market full time are starting to cherry-pick just like Carl Icahn. Ark Invest, which famously became the first public fund to invest inbitcoin(BTC), seems to be fund doing just that. A quick look at its latest 13-F filings show the firm has historically bought bitcoin on price dips (throughout 2018), sold at market peaks (June 2019) and has recently added back at market lows (December 2019). Right now, crypto continues to largely be an isolated, and oft-ignored, section of the financial ecosystem. Perhaps the bitcoin carry trade (similar to the yen carry trade in 2013) will be one catalyst that brings new players into crypto, or maybe a declining bond and equity market will lead to asset rotations. Regardless of how it happens, this will be the next step before digital assets can truly take off and become mainstream. • Financial Services: The Coming Cataclysm • Don’t Obsess Over Crypto End Users, We Still Need Developers to Build the Back End... - Reddit Posts (Sample): [['u/Wolfshire', 'Does anyone seriously find the THICC weapons case to be worth it?', 15, '2020-03-08 00:04', 'https://www.reddit.com/r/EscapefromTarkov/comments/ff3955/does_anyone_seriously_find_the_thicc_weapons_case/', "I just received a THICC weapons case for maxing out my trader loyalty, but there's a problem with it. The thicc weapons case does not fit into an items case. I know this is as designed but it honestly has me questioning whether the THICC weapon case is worth it at all. For the price of ONE thicc weapons case (5mil) you can buy an items case (2mil) and 3 weapons cases (1.1mil) to put inside of it.\n\nHere's some quick math: \nThicc weapon case: 10 slots (in stash) -&gt; 90 slots (internal) \nItem case: 16 slots (in stash) -&gt; 64 slots (internal) \nWeapon case: 10 slots (in stash) -&gt; 50 slots (internal)\n\nClearly the thicc weapon's case is larger than the regular weapons case and the items case, but now let's add the weapons cases to our items case.\n\nThe item case still takes up 16 slots in our stash, but with 3 weapons cases in it, it has a remaining 34 slots plus the additional 150 slots from the weapons case. That means an items case and 3 weapons cases provides you with 184 slots for just 16 slots.\n\nItem case + 3 weapons case: 11.5x internal slots per stash slot (184 / 16) \nThicc weapons case: 9x slots per stash slot (90 / 10)\n\nThat's just counting the cases you can buy for trading in your thicc weapons case. You could actually fill that item case with even more weapons cases making it even more space efficient, at the cost of some additional cash.\n\nSorry for the wall of text, was just wondering if anyone had run through the same line of logic when considering keeping the thicc weapon's case. If BSG truly wants the thicc weapon's case to be worth the money, then it absolutely needs to fit into an items case. (I do see that theres a bitcoin trade which probably explains the 5mil price, but that basically turns the thicc weapons case into a glorified luxury item.)", 'https://www.reddit.com/r/EscapefromTarkov/comments/ff3955/does_anyone_seriously_find_the_thicc_weapons_case/', 'ff3955', [['u/Ellestrian', 25, '2020-03-08 00:08', 'https://www.reddit.com/r/EscapefromTarkov/comments/ff3955/does_anyone_seriously_find_the_thicc_weapons_case/fjv2ab5/', 'You can put a THICC weapons case inside an items case if you put the THICC case in a backpack first.', 'ff3955']]], ['u/EuroZeus', 'Lighting network', 13, '2020-03-08 00:14', 'https://www.reddit.com/r/Bitcoin/comments/ff3ed2/lighting_network/', 'Is it legit? \nCan someone tell how does it work?\nIs it like a blockchain on top of bitcoin blockchain?\nIs it secure? I am still newbie but love to learn \nThanks', 'https://www.reddit.com/r/Bitcoin/comments/ff3ed2/lighting_network/', 'ff3ed2', [['u/Leading_Zeros', 10, '2020-03-08 01:37', 'https://www.reddit.com/r/Bitcoin/comments/ff3ed2/lighting_network/fjvjlpc/', '[https://www.lopp.net/lightning-information.html](https://www.lopp.net/lightning-information.html)', 'ff3ed2'], ['u/brianddk', 11, '2020-03-08 01:49', 'https://www.reddit.com/r/Bitcoin/comments/ff3ed2/lighting_network/fjvlz5u/', "&gt; Is it legit? \n\nYes, very matured at this point\n\n&gt; Can someone tell how does it work? \n\nTransaction batching would be the ELI5 explination\n\n&gt; Is it secure?\n\nI use it for spending money. I wouldn't use it to buy a house or lambo, more like buying coffee. I usually keep a channel with a few hundred dollars in it, no more.", 'ff3ed2']]], ['u/awake-asleep', 'Absolutely green on becoming FIRE, ELI5 resources?', 26, '2020-03-08 00:16', 'https://www.reddit.com/r/fiaustralia/comments/ff3f73/absolutely_green_on_becoming_fire_eli5_resources/', "I (35F) and my partner (39M) have recently discovered FIRE and are interested in learning more, but I find the acronyms and jargon really overwhelming so I'm here asking for some 'FIRE Australia for Dummies' resources/recommendations.\n\nSome background - we are in a long-term domestic relationship, unmarried and child-free by choice. Like many here, we started with Barefoot. I have total liquid funds of about $220k across all my bank accounts and another $60k in super. He is not 100% sure of his total wealth but thinks he has about $130k (including bitcoin) and another $80-100k in super.\n\nOther than some Telstra shares my grandparents bought me when I was a kid, I have no other investments. My partner opened a Comsec account but hasn't done anything with it yet.\n\nNeither of us have any debt. We rent currently, and live within our means, though we could be more frugal - we have a certain quality of life we would prefer not to give up for the sake of FIRE - but we both have passion projects so FIRE for us would really mean getting to focus 100% of our time on doing what we love without the intrinsic commercial pressure (though they may earn us some income).\n\nWould love as many 'ELI5' resources on how to best invest our money for growth!! Thank you :)", 'https://www.reddit.com/r/fiaustralia/comments/ff3f73/absolutely_green_on_becoming_fire_eli5_resources/', 'ff3f73', [['u/HGCDLLM', 25, '2020-03-08 00:42', 'https://www.reddit.com/r/fiaustralia/comments/ff3f73/absolutely_green_on_becoming_fire_eli5_resources/fjv9ofh/', 'Can’t go past this as a starter \n\nhttps://passiveinvestingaustralia.com/\n\nFavourite books include Noel Whittaker’s making money and JL Collins the simple path to wealth and the little book of investing by Jack Bogle\n\nFavourite blogs include the FI explorer, Aussie Hifire and Aussie Firebug \n\nPlenty more but the above should be a good start', 'ff3f73']]], ['u/SufficientRadio', 'Stellar vs. Bitcoin Lightning Network', 19, '2020-03-08 01:08', 'https://www.reddit.com/r/Stellar/comments/ff44vh/stellar_vs_bitcoin_lightning_network/', 'In what ways is Stellar superior to the bitcoin lightning network?', 'https://www.reddit.com/r/Stellar/comments/ff44vh/stellar_vs_bitcoin_lightning_network/', 'ff44vh', [['u/bdgold', 12, '2020-03-08 01:09', 'https://www.reddit.com/r/Stellar/comments/ff44vh/stellar_vs_bitcoin_lightning_network/fjve4pz/', 'You can move bitcoin-backed tokens in 3-5 seconds. It’s working. Right now.', 'ff44vh'], ['u/KodineDreamin', 19, '2020-03-08 01:27', 'https://www.reddit.com/r/Stellar/comments/ff44vh/stellar_vs_bitcoin_lightning_network/fjvhnnn/', 'One way is having a powerful decentralized distributed exchange:\n\n&gt;Suppose you are holding sheep and want to buy something from a store that only accepts wheat. You can create a payment in Stellar that will automatically convert your sheep into wheat. It goes through the sheep/wheat orderbook and converts your sheep at the best available rate.\n\n&gt;You can also make more complicated paths of asset conversion. Imagine that the sheep/wheat orderbook has a very large spread or is nonexistent. In this case, you might get a better rate if you first trade your sheep for brick and then sell that brick for wheat. So a potential path would be 2 hops: sheep-&gt;brick-&gt;wheat. This path would take you through the sheep/brick orderbook and then the brick/wheat orderbook.\n\n&gt;These paths of asset conversion can contain up to 6 hops, but the whole payment is atomic–it will either succeed or fail. The payment sender will never be left holding an unwanted asset.\n\n&gt;This process of finding the best path of a payment is called pathfinding. Pathfinding involves looking at the current orderbooks and finding which series of conversions gives you the best rate. It is handled outside of Stellar Core by something like Horizon.\n\nhttps://www.stellar.org/developers/guides/concepts/exchange.html#cross-asset-payments', 'ff44vh']]], ['u/ThrillerPodcast', 'The 57.13% Bitcoin Theory - Thriller Crypto Analysis', 189, '2020-03-08 02:44', 'https://www.reddit.com/r/BitcoinMarkets/comments/ff5e0w/the_5713_bitcoin_theory_thriller_crypto_analysis/', "This is a running theory I have been working on for the past couple weeks. Was not sure to share it here as was very afraid how it would be perceived...but I think this could help a lot of people get out at the top. Shout out to TradingShot for getting my mind thinking this way.\n\n# Look at the numbers using the 57.13% Bitcoin Theory…\n\n1. Bitcoin always peaks at **57.13%** higher than its last high in the same bull run *give or take (+/- 5%).*\n2. Looking just at the current first half of this bull run, the first peak was $5,642; increase that by **57.13%** and you get $8,865 *(actual was* ***$9,008****)*, increase that by **57.13%** and you get **$13,930** *(actual was* ***$13,796****)*, increase that by **57.13%** and you get **$21,888**.\n3. You can also confirm this theory from the last bull run. The first peak was at **$314**. If you apply **57.13%** increase progressively, you get: \n\n\n* **Projected Price using 57.13% Theory:** **$495 - $778 - $1,223 - $1,922 - $3,020 - $4,746 - $7,458 - $11,719 - $18,414.**\n* **Actual Price Was:** **$495 - $778 - $1,191 - $1,873 - $3,000 - $4,974 - $7,776 - $11,517 - $18,353.**\n\nThe last bull run one was an anomaly at **$20,089**. Thinking this was just a pop off the top because of rush of the retail market buying in after **$18,353**.\n\n# Applying the 57.13% Bitcoin Theory to the rest of this run are as follows give or take (+/- 5%):\n\n**Projected: $21,888 - $34,393 - $54,042 - $84,916 - $133,429 $209,657 - $329,434.**\n\nBut of course we may not make it through all those stages because buying will exhaust at some point (very important to keep that in mind.)\n\nUsing the **57.13% Bitcoin Theory** my safest guess would be the following *give or take (+/- 5%) Please keep in mind dates could be wrong:*\n\n**$21,888 by December 2020**\n\n**$34,393 by February 2021**\n\n**$54,042 by May 2021**\n\n**$84,916 by August 2021**\n\n**$133,429 by October - December 2021**.\n\nThis will go right inline with my previous research that Bitcoin will be jumping &amp; dropping 10K levels after the halving thi... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
7923.64, 7909.73, 7911.43, 4970.79, 5563.71, 5200.37, 5392.31, 5014.48, 5225.63, 5238.44
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:** ['A natural gas power plant can\'t always send excess energy into the grid, frequently leading to waste as the gas is flared or vented away. However, a plant in Dresden, New York thinks it has a solution: use that surplus to generate some digital cash. Greenidge Generation has revealed that it\'s using "behind-the-meter" energy at the facility to mine Bitcoin , with 7,000 mining systems producing up to 5.5BTC (about $45,000 as of this writing) per day. The facility and its mining partner, Atlas Holdings, characterized this as a win for both the plant and the community. In theory, this helps the facility turn a profit while creating more jobs and tax revenue. It\'s a logical fit, at least, as cryptocurrency mining often depends on large amounts of energy -- something that won\'t be a problem at a power plant. There are limitations. This mining may work for natural gas, but it might not be a great idea for renewable energy systems where it\'d make more sense to store the energy for later. Long-term viability might be an issue, too. Greenidge\'s mining may be profitable right now, but it could lose much of its allure as demand at the plant grows. There\'s also the nature of Bitcoin itself to consider. It gets more and more difficult to generate bitcoin over time, so the windfalls you see today might not be possible in the years ahead. If this proves successful enough, though, you might see other natural gas plants follow suit. View comments', 'A natural gas power plant can\'t always send excess energy into the grid, frequently leading to waste as the gas is flared or vented away. However, a plant in Dresden, New York thinks it has a solution: use that surplus to generate some digital cash. Greenidge Generation hasrevealedthat it\'s using "behind-the-meter" energy at the facility tomine Bitcoin, with 7,000 mining systems producing up to 5.5BTC (about $45,000 as of this writing) per day.\nThe facility and its mining partner, Atlas Holdings, characterized this as a win for both the plant and the community. In theory, this helps the facility turn a profit while creating more jobs and tax revenue. It\'s a logical fit, at least, as cryptocurrency mining often depends on large amounts of energy -- something that won\'t be a problem at a power plant.\nThere are limitations. This mining may work for natural gas, but it might not be a great idea for renewable energy systems where it\'d make more sense tostore the energyfor later. Long-term viability might be an issue, too. Greenidge\'s mining may be profitable right now, but it could lose much of its allure as demand at the plant grows. There\'s also the nature of Bitcoin itself to consider. It gets more and more difficult to generate bitcoin over time, so the windfalls you see today might not be possible in the years ahead. If this proves successful enough, though, you might see other natural gas plants follow suit.', 'A natural gas power plant can\'t always send excess energy into the grid, frequently leading to waste as the gas is flared or vented away. However, a plant in Dresden, New York thinks it has a solution: use that surplus to generate some digital cash. Greenidge Generation hasrevealedthat it\'s using "behind-the-meter" energy at the facility tomine Bitcoin, with 7,000 mining systems producing up to 5.5BTC (about $45,000 as of this writing) per day.\nThe facility and its mining partner, Atlas Holdings, characterized this as a win for both the plant and the community. In theory, this helps the facility turn a profit while creating more jobs and tax revenue. It\'s a logical fit, at least, as cryptocurrency mining often depends on large amounts of energy -- something that won\'t be a problem at a power plant.\nThere are limitations. This mining may work for natural gas, but it might not be a great idea for renewable energy systems where it\'d make more sense tostore the energyfor later. Long-term viability might be an issue, too. Greenidge\'s mining may be profitable right now, but it could lose much of its allure as demand at the plant grows. There\'s also the nature of Bitcoin itself to consider. It gets more and more difficult to generate bitcoin over time, so the windfalls you see today might not be possible in the years ahead. If this proves successful enough, though, you might see other natural gas plants follow suit.', 'Micree Ketuan Zhan, the ousted co-founder of Bitmain, has filed another lawsuit in his fight to regain control of the bitcoin mining giant – this time in his home country. A recent notice from the Changle District court in China’s Fujian province indicates Zhan has filed a lawsuit against Bitmain’s fully-owned subsidiary Fujian Zhanhua Intelligence Technologies, as well as Beijing Bitmain Technologies as a related third party. A hearing of the case was scheduled on Feb. 11, according to the notice, although it’s likely postponed due to the disruption caused by the coronavirus outbreak . While it’s not clear what the exact allegations are, the court says the case relates to a “shareholder qualification confirmation dispute.” Related: Bitcoin’s Plunge Was Foreshadowed by Miner Inventory Data The case adds to the ongoing litigation in the Cayman Islands Zhan has filed against the company he co-founded with Jihan Wu in 2013, casting further uncertainty on the outcome of the power struggle at the world’s largest miner maker as well as its planned initial public offering in the U.S. Zhan filed a lawsuit in December in the Caymans, where Bitmain’s parent holding entity is registered, asking a court to void a decision allegedly passed at a shareholder meeting that significantly curtailed his voting power. Lawyers representing Zhan in the Cayman Islands previously told CoinDesk that Zhan, as a major shareholder, was not aware of the meeting beforehand, and a hearing for the case might be scheduled after the Easter holiday. Asset protection The lawsuit in China also followed an asset-protection petition filed by Zhan and approved by the same court in December, but the court’s full judgment was not made public until last Thursday. Related: Ethereum’s ProgPoW Debate Is About Much More Than Mining The court sided with Zhan to freeze 36 percent of Fujian Zhanhua’s 10 million yuan incorporated shares owned by Bitmain, worth 3.6 million yuan, or $500,000. Though the value of the frozen assets may be negligible for Bitmain, the percentage could be significant. Story continues Fujian Zhanhua is 100 percent owned by Beijing Bitmain, whose parent company is Cayman-registered BitMain Technologies Holding, of which Zhan remains the largest shareholder – with 36 percent. That means Zhan indirectly owns 36 percent of Fujian Zhanhua, suggesting the asset-protection move is intended to prevent his power over this subsidiary from being transferred or diluted. Under the court’s asset-protection order, Beijing Bitmain will not be able to transfer or pledge these frozen assets as collateral, nor would it be able to increase the subsidiary’s total incorporated capital in order to dilute the percentage of the frozen ownership. But why Fujian Zhanhua ? It may appear surprising that Zhan would file a case against one subsidiary out of a dozen entities under Bitmain’s holding firm, and in a court in Fujian instead of Bitmain’s home base in Beijing. But the importance of Fujian Zhanhua could hint at Zhan’s strategy for fighting back since he was ousted in a coup in November 2019. To be sure, Zhan, a Fujian native, is still the legal representative of Fujian Zhanhua, a firm that was ranked 58th by the Fujian provincial government in 2018 out of the top 100 taxpayer companies. And Bitmain’s Hong Kong IPO filing in 2018 listed Fujian Zhanhua as one of the four principal subordinate entities that had made material contribution to the financial results of Bitmain’s holding group, alongside Beijing Bitmain, Bitmain Hong Kong and a Shenzhen manufacturing subsidiary. The document specified the principal business activity of Fujian Zhanhua as Bitmain’s “sales center for cryptocurrency mining hardware” in China. Bitmain booked over $2.5 billion in revenue in 2017 alone, of which about 95 percent came from sales of its mining hardware. And the mainland China market counted for nearly 50 percent of the total sales volume that year. In fact, Bitmain’s two major sales channels – the AntMiner pre-sales and post-sales WeChat accounts – were previously owned and operated by Fujian Zhanhua. However, the ownership for both channels was migrated to another, lesser-known Bitmain subsidiary in December, whose legal representative is not Zhan. Further, the IPO document revealed the Fujian subsidiary played a vital role in one of Bitmain’s financing activities in 2018. In July 2018, Beijing Bitmain signed a series of purchase agreements worth $100 million to buy an office building in Beijing. To finance that transaction, it borrowed $49 million from a local bank with the acquired property pledged as collateral and with Fujian Zhanhua as a guarantor, underscoring the financial wherewithal of the Fujian subsidiary. Related Stories A New York Power Plant Is Mining $50K Worth of Bitcoin a Day Bitmain Spin-Off Matrixport Seeks $300M Valuation in Latest Funding Round', 'Micree Ketuan Zhan, the ousted co-founder of Bitmain, has filed another lawsuit in his fight to regain control of the bitcoin mining giant – this time in his home country.\nA recentnoticefrom the Changle District court in China’s Fujian province indicates Zhan has filed a lawsuit against Bitmain’s fully-owned subsidiary Fujian Zhanhua Intelligence Technologies, as well as Beijing Bitmain Technologies as a related third party.\nA hearing of the case was scheduled on Feb. 11, according to the notice, although it’s likely postponed due to the disruption caused by thecoronavirus outbreak. While it’s not clear what the exact allegations are, the court says the case relates to a “shareholder qualification confirmation dispute.”\nRelated:Bitcoin **Last 60 Days of Bitcoin's Closing Prices:** [7879.07, 8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46, 8599.51, 8562.45, 8869.67, 8787.79, 8755.25, 9078.76, 9122.55, 8909.95, 8108.12] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-03-09 **Financial & Commodity Data:** - Gold Closing Price: $1674.50 - Crude Oil Closing Price: $31.13 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.17 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Investing.com - Bitcoin fell bellow the $8,589.4 level on Sunday. Bitcoin was trading at 8,589.4 by 10:19 (15:19 GMT) on the Investing.com Index, down 0.35% on the day. It was the largest one-day percentage loss since February 29. The move downwards pushed Bitcoin's market cap down to $156.7B, or 62.48% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $241.2B. Bitcoin had traded in a range of $8,523.9 to $8,737.2 in the previous twenty-four hours. Over the past seven days, Bitcoin has seen a drop in value, as it lost 12.93%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $35.6B or 27.99% of the total volume of all cryptocurrencies. It has traded in a range of $8,451.9355 to $9,981.0371 in the past 7 days. At its current price, Bitcoin is still down 56.77% from its all-time high of $19,870.62 set on December 17, 2017. Ethereum was last at $221.40 on the Investing.com Index, down 0.67% on the day. XRP was trading at $0.23207 on the Investing.com Index, a loss of 0.80%. Ethereum's market cap was last at $24.3B or 9.70% of the total cryptocurrency market cap, while XRP's market cap totaled $10.2B or 4.06% of the total cryptocurrency market value. Related Articles Switzerland files criminal complaint over Crypto spying scandal EOS Dips Below 3.5760 Level, Down 0.01% The BCH Question: How to Recover After $30M Hack and Mining Tax Row?... - Reddit Posts (Sample): [['u/abeecrombie', 'Stock markets are down. Gold and the EUR currency are going up. Bitcoin going down', 115, '2020-03-09 02:26', 'https://www.reddit.com/r/CryptoCurrency/comments/ffmvj9/stock_markets_are_down_gold_and_the_eur_currency/', "Traditional investors are moving their money into assets outside the USA. Into gold and now even into the EURO currency. To invest in the EURO means you willing accept negative interest rates, so I only do that if I really think the US Dollar is going down not because I like Europe.\n\nIf I am worried about the US Dollar, i'm a buyer of crypto, not a seller. Unfortunately that's not been the case recently as the correlation between bitcoin and the stock market has been positive.\n\nAt some point it will matter. Just not sure when\n\nEDIT: if you are interested in hourly correlation between bitcoin and S&amp;P500 (the stock market) its basically none over the past year. It moves up and down all the time. [https://imgur.com/a/W8l6Gal](https://imgur.com/a/W8l6Gal)", 'https://www.reddit.com/r/CryptoCurrency/comments/ffmvj9/stock_markets_are_down_gold_and_the_eur_currency/', 'ffmvj9', [['u/Bluepic12', 23, '2020-03-09 03:09', 'https://www.reddit.com/r/CryptoCurrency/comments/ffmvj9/stock_markets_are_down_gold_and_the_eur_currency/fjzhf6r/', 'People are fleeing risky investments (crypto and equities) and buying safe investment (treasuries and gold). \n\nIt’s simply off risk.', 'ffmvj9'], ['u/Cockatiel', 13, '2020-03-09 03:34', 'https://www.reddit.com/r/CryptoCurrency/comments/ffmvj9/stock_markets_are_down_gold_and_the_eur_currency/fjzjkkd/', "I personally do not think BTC is correlated to equities still. People are expecting the year 2020 to be bullish but in all honesty it's more likely this will be an accumulation year. We could see ranges of 5600-13000 and still be in an accumulation metric. 2021 and 2022 will be likely green. \n\nAs we progress up the logrithmic regression curve the cycles will take longer and longer. It use to be 3yrs, then 4, now 5.", 'ffmvj9'], ['u/cm18', 65, '2020-03-09 04:29', 'https://www.reddit.com/r/CryptoCurrency/comments/ffmvj9/stock_markets_are_down_gold_and_the_eur_currency/fjzo7pw/', 'Wake the hell up. It is the EARN IT Act. Everyone in crypto should be opposing it. If you can be sued for running a crypto node, are you going to? That is what will happen... \n\nUnless people start connecting the dots and implications of this evil bill, crypto will continue to go down.', 'ffmvj9'], ['u/mycryptoaccount4556', 15, '2020-03-09 04:38', 'https://www.reddit.com/r/CryptoCurrency/comments/ffmvj9/stock_markets_are_down_gold_and_the_eur_currency/fjzovec/', 'People were saying that 16 hours ago before it dumped further lol', 'ffmvj9'], ['u/Impetusin', 36, '2020-03-09 04:52', 'https://www.reddit.com/r/CryptoCurrency/comments/ffmvj9/stock_markets_are_down_gold_and_the_eur_currency/fjzq0zh/', 'As usual with things like this, life changing and drastic destruction of individual privacy is made under the guise of protecting the children. As if their dogs in the judicial system won’t selectively use this to allow the elite to continue their abuse of children and selectively prosecute their enemies. We definitely need to strike this down.', 'ffmvj9'], ['u/cm18', 14, '2020-03-09 05:16', 'https://www.reddit.com/r/CryptoCurrency/comments/ffmvj9/stock_markets_are_down_gold_and_the_eur_currency/fjzrrr3/', 'Everyone said FOSTA would push sex trafficking deeper underground and harder to track, yet Trump and congress moved ahead. Fast forward to this week, and the are looking to gut even more of the section 230 protection "because pedos". They created a bigger problem, and now they want more power.\n\nWhat\'s more, when the DOJ arrested Epstine, he "killed himself", even when he was supposed to have damaging information on powerful people. If you\'ve read the history of Epsteine, you know he was accused several times, but those officers who were investigating were told to back off.\n\nThe EARN IT Act is far worse than the Patriot Act, because it threatens to undo the last 30 years of progress the internet has made in red pulling people about power and corruption. If the Internet Zar (it will be the DOJ/Bar) does not like you or how your site/service runs, you will be denied his blesssings and protection.', 'ffmvj9'], ['u/Toyake', 15, '2020-03-09 05:16', 'https://www.reddit.com/r/CryptoCurrency/comments/ffmvj9/stock_markets_are_down_gold_and_the_eur_currency/fjzrs5p/', "No, they're bidding bond yields lower and lower in an attempt to stay safe in the USA.\n\nhttps://www.investing.com/rates-bonds/u.s.-10-year-bond-yield\n\nThey so desperately want the dollar that they're willing to lock their money up for 10 years at 0.5% yield. \n\nExactly how a safe haven asset works, people rush to it and away from speculative assets (crypto).", 'ffmvj9'], ['u/Thethirdtoken', 20, '2020-03-09 05:57', 'https://www.reddit.com/r/CryptoCurrency/comments/ffmvj9/stock_markets_are_down_gold_and_the_eur_currency/fjzuk0f/', "Unless that bill is a world wide one, it don't mean shit.", 'ffmvj9'], ['u/Toyake', 13, '2020-03-09 06:08', 'https://www.reddit.com/r/CryptoCurrency/comments/ffmvj9/stock_markets_are_down_gold_and_the_eur_currency/fjzv7ut/', "Fascinating time to be alive isn't it? We're going to see a systematic reconstruction of society in our lifetimes.", 'ffmvj9'], ['u/tshong', 14, '2020-03-09 09:59', 'https://www.reddit.com/r/CryptoCurrency/comments/ffmvj9/stock_markets_are_down_gold_and_the_eur_currency/fk06nc9/', 'Crypto was made in 2008 after last financial crisis. It was made for this moment.', 'ffmvj9'], ['u/temp_plus', 14, '2020-03-09 10:16', 'https://www.reddit.com/r/CryptoCurrency/comments/ffmvj9/stock_markets_are_down_gold_and_the_eur_currency/fk07crn/', 'I swear I saw this exact comment 4 years ago but with a zero chopped off.', 'ffmvj9'], ['u/ep1939', 13, '2020-03-09 11:02', 'https://www.reddit.com/r/CryptoCurrency/comments/ffmvj9/stock_markets_are_down_gold_and_the_eur_currency/fk09cjp/', 'Yup, and we see how people are selling and dumping it.\n\nGo buy groceries with Bitcoin when things will go even worse.', 'ffmvj9']]], ['u/SaltedAvocadosMhh', 'Try to combine all the Sim Swap Hack Info in One Place to try and figure out what is going on and catch these people.', 64, '2020-03-09 03:37', 'https://www.reddit.com/r/tmobile/comments/ffnu2n/try_to_combine_all_the_sim_swap_hack_info_in_one/', "My T-Mobile account had an unauthorized Sim Swap Done on 2/25. I saw a lot of posts online. Don't really see much traction. Maybe if we combine all the Sim Swap Hack Info in One Place to try and figure out what is going on we can help catch these people. Especially since there seem to be a lot of these attacks recently.\n\nSim Swap Hack\n\nDate | Time - 2/25/2020 | 4am CST\n\nCarrier - T-Mobile\n\nAccounts Hacked - Coinbase, Gmail, Yahoo, Dropbox\n\nIP of Attack and Location Reported - Washington, United States. 104.200.129.53\n\nWhat was taken? - Coinbase Crypto Converted to BTC and two transcations totalling 1.587 BTC Taken\n\nIf Crypto Loss - What wallet was the money transfered to? bc1qrxd2r30w5wqan43t79044pq00cczw3k5cpdzfu\n\nIf Possible Mark the stolen wallet at [https://www.bitcoinabuse.com/](https://www.bitcoinabuse.com/)\n\nWhere did you report the Incendent - Coinbase, T-Mobile, FBI ([https://www.ic3.gov/default.aspx](https://www.ic3.gov/default.aspx))", 'https://www.reddit.com/r/tmobile/comments/ffnu2n/try_to_combine_all_the_sim_swap_hack_info_in_one/', 'ffnu2n', [['u/roadrunnersk', 38, '2020-03-09 06:09', 'https://www.reddit.com/r/tmobile/comments/ffnu2n/try_to_combine_all_the_sim_swap_hack_info_in_one/fjzv9op/', "You're telling me they stole 1.5 btc?\n\nShit man. Lawyer time. An argument of negligence may be made here, considering that I see this type of post every single day here on this forum. \n\nPersonally, I'm locking down all my accounts with hardware 2fa. Forget it, might as well take out the big guns.", 'ffnu2n'], ['u/productfred', 38, '2020-03-09 06:53', 'https://www.reddit.com/r/tmobile/comments/ffnu2n/try_to_combine_all_the_sim_swap_hack_info_in_one/fjzxu0a/', "Edit: Someone just told me you don't have to use SMS 2FA for Coinbase. **Why the f!*# are you guys using it then???**\n\n\nSo far it seems that \\[almost\\] every single person SIM swapped on this sub has had a Coinbase account. I'm guessing that someone who works at Coinbase has an insider/insiders at T-Mobile.\n\nMake a Google Voice account if you don't have one and use that phone number as your 2FA phone number if you must use SMS-based 2FA. This constant SIM-swapping of T-Mobile/Coinbase users is a huge deal and puts users' other accounts at risk.\n\nIf you're using Coinbase, I'd consider leaving T-Mobile altogether, tbh. But short of that, don't use your T-Mobile phone number as your 2FA number.", 'ffnu2n'], ['u/eliuhoo', 11, '2020-03-09 06:56', 'https://www.reddit.com/r/tmobile/comments/ffnu2n/try_to_combine_all_the_sim_swap_hack_info_in_one/fjzxz4b/', 'I was swapped two days ago, but caught them before they did much damage. Knock on wood I stay safe, but I reported to my local police who said there was no crime because nothing was taken... Has anyone gotten traction with the FBI or something?', 'ffnu2n'], ['u/productfred', 10, '2020-03-09 08:13', 'https://www.reddit.com/r/tmobile/comments/ffnu2n/try_to_combine_all_the_sim_swap_hack_info_in_one/fk01xnz/', "Yup, I use a Yubikey Neo and Yubikey 5 (one at home and one on my keychain). SMS based verification is terrible and this is exactly why. At the very least, use Authy or Google Authenticator. If you go the Authy route, it's cloud based (which is convenient), but also:\n\n1. There's a separate password for decryption of codes\n2. If you want to add a device, you have to enable the option from another device that's already on the account (so even if someone gets your credentials, they can't actually get in)\n\nIf you *absolutely* must use SMS-based 2F... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
7909.73, 7911.43, 4970.79, 5563.71, 5200.37, 5392.31, 5014.48, 5225.63, 5238.44, 6191.19
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Jeff Dorman, a CoinDesk columnist, is chief investment officer at Arca where he leads the investment committee and is responsible for portfolio sizing and risk management. He has more than 17 years of trading and asset management experience at firms including Merrill Lynch and Citadel Securities.\nInvesting in digital assets is a sham! Participants in this industry are simply trying to anticipate price movements rather than use fundamental analysis to determine why a token or coin might go higher or lower. There is no intrinsic value. It’s pure speculation based on technical analysis. It’s outright gambling.\nIt’s also exactly how stock and bond markets traded for the first 300 years.\nRelated:Libra Wanted a Currency, All We Need Are DeFi’s Open Payment Rails\nIn 1602, the Dutch East India Company issued the first paper shares. This exchangeable medium allowed shareholders to conveniently buy, sell and trade their stock with other shareholders and investors. For hundreds of years thereafter, investors and traders did their best to anticipate price moves, without any of the tools available today for valuing these securities. Back then, a stock trading at $100 was viewed more expensive than a stock trading at $10, independent of number of shares outstanding, underlying revenues, or business prospects.\nIt wasn’t until the 1920s, following the stock market crash and the Great Depression, that two Columbia University professors, Benjamin Graham and David Dodd, came up with a methodology for identifying and buying securities priced well below their true value. Their book, “Security Analysis,” was published in 1934, and Graham and Dodd’s principles provided a rational basis for investment decisions that are still applied today by the world’s top value investors.\nSee also:Securities Law Helped Build Modern Capitalism. Crypto Should Embrace It\nWarren Buffettchose to attend Columbia specifically to learn from Professor Graham (and received an A+ in his class). Almost 50 years later, Professor Frank Fabozziintroduced similar valuation techniques and conceptsfor investing in fixed income securities. And shortly thereafter, even newer valuation techniques (likeMetcalfe’s Law) were introduced to help value computing networks, and these methods were utilized decades later to value pre-revenue internet giants like Facebook, Tencent and Netflix.\nRelated:Bitcoin, Bonds and Gold: Why Markets Are Upended in a Time of Fear\nAccording to Gisli Eyland, who has written about the value investing philosophy, Graham and Dodd “described a fundamentally different approachto stock picking and investing in corporate securities by proposing that the investor should refrain from trying to anticipate price movements entirely. Instead, the investor should try to estimate the true Intrinsic Value of the underlying asset. Given time, the Intrinsic Value and market value would converge.” Today, investors and financial media throw around financial ratios like P/E, P/B, EV/EBITDA, P/S, Dividend Yield and many others as if they’ve been around forever, while smugly chastising digital assets for havingno intrinsic value. This may be a good time to remind readers that digital assets are less than 10 years old.\nWhen will the Graham and Dodd of crypto emerge? They’re likely already here, working tirelessly behind the scenes on valuation techniques that will be utilized by the Warren Buffets of crypto 50 years from now. Digital assets are still in their infancy, but new fundamental valuation techniques are being built, tested and discovered every day, from the originalMV = PQ analysis, todiscounted sum of utilitymodels, toeverything else in between. Many of the models in existence are unproven, with only a few years’ worth of data to support their methodologies, while other models have likely yet to be conceived.\nEach of these methods has advantages as well as shortcomings. Digital assets are unique, similar to corporate bonds, making different valuation techniques appropriate for specific token types. Just like a bond has different coupons, different maturities, different covenants and different features (callable, putable, convertible, warrants, etc.), most digital assets have unique features as well, making each analysis different than the last (there is a reason Fabozzi’s fixed income bible is over 1,800 pages long).\nIn our view, the DCF analysis is best used for tokens issued by cash-producing companies such as exchange tokens like Binance Coin (BNB) or Unus Sed Leo (LEO). The NVT Ratio may be better when comparing across smart contract platforms such as Ethereum, EOS and NEO. A variation of Metcalfe’s law or total addressable market analysis can be used for tokens that are in the early pre-launch stage or are servicing a sector that is difficult to currently measure.\nSee also:Never Mind Hodlers, Crypto Needs More Opportunist Investors\nThe smartest crypto analysts (including our own internal team at Arca) are developing new methodologies to value digital assets. Once these metrics become widely accepted, price floors and ceilings in crypto will be set based on agreed-upon, well-tested fundamental valuation – just like in the debt and equity markets.\nI started my career on Wall Street in 2001. I was told to read Frank Fabozzi and Graham and Dodd before showing up for work on day one. I never questioned the legitimacy of these valuation techniques; I simply adopted them because everyone else did, too. Had I started in 1901, prior to “Security Analysis,” I likely would have been asked to learn how to read ticker tapes instead.\nEquity markets turned out just fine, despite a rocky start in determining valuation that, in retrospect, seems silly. So did the fixed income markets. And so, too, will digital assets. Investors might want to adopt a more open-minded, long-view approach to investing in this new asset class.\n• The Gig Economy Is Unfair. Here’s How Token Models Can Help\n• The Tokenization Delusion', 'Jeff Dorman, a CoinDesk columnist, is chief investment officer at Arca where he leads the investment committee and is responsible for portfolio sizing and risk management. He has more than 17 years of trading and asset management experience at firms including Merrill Lynch and Citadel Securities. Investing in digital assets is a sham! Participants in this industry are simply trying to anticipate price movements rather than use fundamental analysis to determine why a token or coin might go higher or lower. There is no intrinsic value. It’s pure speculation based on technical analysis. It’s outright gambling. It’s also exactly how stock and bond markets traded for the first 300 years. Related: Libra Wanted a Currency, All We Need Are DeFi’s Open Payment Rails In 1602, the Dutch East India Company issued the first paper shares. This exchangeable medium allowed shareholders to conveniently buy, sell and trade their stock with other shareholders and investors. For hundreds of years thereafter, investors and traders did their best to anticipate price moves, without any of the tools available today for valuing these securities. Back then, a stock trading at $100 was viewed more expensive than a stock trading at $10, independent of number of shares outstanding, underlying revenues, or business prospects. It wasn’t until the 1920s, following the stock market crash and the Great Depression, that two Columbia University professors, Benjamin Graham and David Dodd, came up with a methodology for identifying and buying securities priced well below their true value. Their book, “ Security Analysis ,” was published in 1934, and Graham and Dodd’s principles provided a rational basis for investment decisions that are still applied today by the world’s top value investors. See also : Securities Law Helped Build Modern Capitalism. Crypto Should Embrace It Warren Buffett chose to attend Columbia specifically to learn from Professor Graham (and received an A+ in his class). Almost 50 years later, Professor Frank Fabozzi introduced similar valuation techniques and concepts for investing in fixed income securities. And shortly thereafter, even newer valuation techniques (like Metcalfe’s Law ) were introduced to help value computing networks, and these methods were utilized decades later to value pre-revenue internet giants like Facebook, Tencent and Netflix. Story continues Related: Bitcoin, Bonds and Gold: Why Markets Are Upended in a Time of Fear According to Gisli Eyland, who has written about the value investing philosophy, Graham and Dodd “ described a fundamentally different approach to stock picking and investing in corporate securities by proposing that the investor should refrain from trying to anticipate price movements entirely. Instead, the investor should try to estimate the true Intrinsic Value of the underlying asset. Given time, the Intrinsic Value and market value would converge.” Today, investors and financial media throw around financial ratios like P/E, P/B, EV/EBITDA, P/S, Dividend Yield and many others as if they’ve been around forever, while smugly chastising digital assets for having no intrinsic value . This may be a good time to remind readers that digital assets are less than 10 years old. Fundamental models emerging in crypto When will the Graham and Dodd of crypto emerge? They’re likely already here, working tirelessly behind the scenes on valuation techniques that will be utilized by the Warren Buffets of crypto 50 years from now. Digital assets are still in their infancy, but new fundamental valuation techniques are being built, tested and discovered every day, from the original MV = PQ analysis , to discounted sum of utility models, to everything else in between . Many of the models in existence are unproven, with only a few years’ worth of data to support their methodologies, while other models have likely yet to be conceived. Each of these methods has advantages as well as shortcomings. Digital assets are unique, similar to corp **Last 60 Days of Bitcoin's Closing Prices:** [8166.55, 8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46, 8599.51, 8562.45, 8869.67, 8787.79, 8755.25, 9078.76, 9122.55, 8909.95, 8108.12, 7923.64] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-03-10 **Financial & Commodity Data:** - Gold Closing Price: $1659.10 - Crude Oil Closing Price: $34.36 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.16 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin remains in bearish control despite experiencing a 3.35% move to the upside after slumping down to the $8,435 level of support. It is now re-testing the daily 200 moving average at $8,750 ahead of a potential breakout above the $8,830 level of support-turned-resistance, although the market needs a surge in volume for a major move to come into fruition. The most likely scenario moving into the rest of the week is a period of consolidation following Tuesday’s gruelling descent to the downside. Bitcoin is now trading 16% lower than it was on February 14 when it tested the $10,500 level of resistance. Another rejection from the 200 moving average could signal the start of further downtrend that will likely drive price to a diagonal trendline dating back to February 2019. Interestingly, the trendline that was used as support at the end of 2019 is in confluence with the horizontal level at $7,880, which means that it poses a predictable stopping point for Bitcoin before the end of the month. The upcoming Bitcoin halving will also undoubtedly have an impact on its price, as it has in previous years. As block rewards for miners get slashed from 12.5BTC to 6.25BTC per block, supply subsequently dries up leading to a surge in demand and a hike in price. This is why – if Bitcoin can continue trading above $7,800 – it remains bullish from a macro perspective, despite looking unhealthy in the short term. For more news, guides and cryptocurrency analysis, click here . Bitcoin pricing Current live BTC pricing information and interactive charts are available on our site 24 hours a day. The ticker bar at the bottom of every page on our site has the latest Bitcoin price. Pricing is also available in a range of different currency equivalents: US Dollar – BTCtoUSD British Pound Sterling – BTCtoGBP Japanese Yen – BTCtoJPY Euro – BTCtoEUR Australian Dollar – BTCtoAUD Russian Rouble – BTCtoRUB About Bitcoin In August 2008, the domain name bitcoin.org was registered. On 31st October 2008, a paper was published called “Bitcoin: A Peer-to-Peer Electronic Cash System”. This was authored by Satoshi Nakamoto, the inventor of Bitcoin. To date, no one knows who this person, or people, are. Story continues The paper outlined a method of using a P2P network for electronic transactions without “relying on trust”. On January 3 2009, the Bitcoin network came into existence. Nakamoto mined block number “0” (or the “genesis block”), which had a reward of 50 Bitcoins. More BTC news and information If you want to find out more information about Bitcoin or cryptocurrencies in general, then use the search box at the top of this page. Here’s an article to get you started. As with any investment, it pays to do some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. This page is not recommending a particular currency or whether you should invest or not. Disclaimer: The views and opinions expressed by the author should not be considered as financial advice.... - Reddit Posts (Sample): [['u/Emul0rd', 'I worked hard for it: version 2.0 of LuckyNano is finally there. Come and check out a fun faucet for a change :)', 141, '2020-03-10 01:48', 'https://www.reddit.com/r/nanocurrency/comments/fg5b2x/i_worked_hard_for_it_version_20_of_luckynano_is/', "Howdy \\~♪\n\nIt's been a vague promise for a year now, life has been quite busy on my end but, yay, we've done it: LuckyNano 2.0 is a thing ! [Do pay us a visit by clicking](https://luckynano.com) [this link](https://luckynano.com/), peeps.\n\nAs always, I'm sure many of you don't know LN, so let me introduce you: LuckyNano started in January 2018, with the idea of creating **a faucet to introduce people to Nano, but in a fun way**. I felt really bummed that such an awesome currency as Nano would only be discovered through dull faucets, where all you do to get *munie* is clicking a button, every now and then. Worse, some only allow you to claim once, or at the cost of viewing ads.\n\nI was a big fan of *game**faucet.com* for Bitcoin (RIP), which let you play casino games in exchange of a few satoshi, with a big community component around it. People were enticed to chat and build a strong fanbase, and those who wanted to help the project would invest their own money to unlock perks and features.\n\nThis is \\*exactly\\* what I'm going for with LuckyNano: a faucet with casino-inspired games where you win NANO, but with a more modern design, and an enhanced multiplayer aspect. And those who are willing to try their luck for a quick buck, or simply want to help keep the project afloat can deposit a couple of NANO to play for higher stakes.\n\nSo ! On to what 2.0 has to offer:\n\n* **A brand new game: BlackJack.** It's in Alpha version, so while the tests are going on, only faucet users can play -- the goal is to avoid potential breaking bugs during paid games. Only the basic rules are implemented, it's very barebone and with only one table, meaning 5 simultaneous players max. But GOD, it's finally there !\n* **Faucet users can finally play all games** (except Poker): it was kind of a bummer that only the Slots Machine was available to free players before. It was first intended to be temporary, to promote the game that was introduced when 1.0 rolled out. Then it stayed the same for over a year...\n* **POKER IS FREE,** ladies and gentlemen. You may now sit at our Cash Games and play all you want, it's absolutely free and will always be from now on -- no more profit-based fee, heck, don't even get me started with the robbery that rake fee is. Plus, **Freeroll Tournaments are now every two hours**. That's 3x more chances to get decent real money out of it. \n * The reason for this is that Poker still runs its legacy PHP code from v0.6, instead of Node.js like every other game. Porting the backend to Javascript will be a pain, as it is more than 5k lines of codes to convert -- and improve on. While the game development is stale, I see no reason to keep making profit out of it, so, there you go.\n* **Improved security.** Unfortunately, as 2.0 was about to be pushed a couple of weeks ago, the website was attacked. The cracker only got to steal around 14 NANO, but an attack is still an attack and has to be taken seriously. Hotfixes were pushed here and there, and 2FA is now enforced on all accounts to prevent illicit account info changes or withdrawals. It does require users to provide a real e-mail address, but it's the only personal information asked from the player. I believe that cryptocurrency users like their privacy, and that services such as mine should not collect more info than they need for their users' and their own security.\n\nPlease [try it](https://luckynano.com/), and share some love if you feel like it. :-)", 'https://www.reddit.com/r/nanocurrency/comments/fg5b2x/i_worked_hard_for_it_version_20_of_luckynano_is/', 'fg5b2x', [['u/Emul0rd', 27, '2020-03-10 01:53', 'https://www.reddit.com/r/nanocurrency/comments/fg5b2x/i_worked_hard_for_it_version_20_of_luckynano_is/fk2i6t7/', 'Oh, and our hot wallet is still a Rebroadcasting (Main) Representative! But we need your help : at the time I am writing this message, if our top delegator changes reps, we will be kicked out of our role.\n\nIf you are still delegating to some huge rep, and want to encourage our effort to decentralise the network, please consider switching over to us: \n\n[xrb\\_1oenixj4qtpfcembga9kqwggkb87wooicfy5df8nhdywrjrrqxk7or4gz15b](https://nanocrawler.cc/explorer/account/xrb_1oenixj4qtpfcembga9kqwggkb87wooicfy5df8nhdywrjrrqxk7or4gz15b/delegators)', 'fg5b2x'], ['u/PK_Subban1', 15, '2020-03-10 02:08', 'https://www.reddit.com/r/nanocurrency/comments/fg5b2x/i_worked_hard_for_it_version_20_of_luckynano_is/fk2joxj/', 'This is the first I’ve heard of this and it sounds awesome, plus I love me blackjack', 'fg5b2x']]], ['u/PainiteTheGem', 'Until this looting hack is fixed, lock container contents and make them immovable like the containers themselves are.', 80, '2020-03-10 03:54', 'https://www.reddit.com/r/EscapefromTarkov/comments/fg734j/until_this_looting_hack_is_fixed_lock_container/', 'For anyone who doesn’t know, as of today a hack has gone live, allowing people to loot your body from afar while you are still alive.\n\nThere are unconfirmed reports of people losing their S I C C cases and container contents as well, to this. I don’t have personal videos myself but it’s happened to people I’ve spoke with.\n\nI would rather not be able to shove a 150k btc up my ass than I would lose my 6 Mil worth of keys or something.\n\nI’m not trying to cause panic or anything, really. But I’d reccomend not taking out valuables until this is fixed!\n\nI had made a similar post but it wasn’t worded well and confused a few people. So here we are again.', 'https://www.reddit.com/r/EscapefromTarkov/comments/fg734j/until_this_looting_hack_is_fixed_lock_container/', 'fg734j', [['u/illuzion987', 60, '2020-03-10 04:11', 'https://www.reddit.com/r/EscapefromTarkov/comments/fg734j/until_this_looting_hack_is_fixed_lock_container/fk2v4vg/', 'And they all laughed when we said people were hacking. The ultimate hack has been released. They don’t even need to kill you.', 'fg734j'], ['u/Pizzarar', 23, '2020-03-10 09:55', 'https://www.reddit.com/r/EscapefromTarkov/comments/fg734j/until_this_looting_hack_is_fixed_lock_container/fk3f6a6/', 'Every posted video shows only the gear being taken and the 6mil RR/container contents being left untouched. All claims of lost container items and RR, so far, have no proof.', 'fg734j'], ['u/TheOtherBull', 16, '2020-03-10 14:24', 'https://www.reddit.com/r/EscapefromTarkov/comments/fg734j/until_this_looting_hack_is_fixed_lock_container/fk3ukq9/', 'There is actually zero video evidence of anything being taken from a locked slot. its just the whole my friend, knows a guy whos friend had it happen to his brothers cousin. its being blown out of proportion right now, everyone wants their karma.', 'fg734j']]], ['u/AutoModerator', '[Daily Discussion] Tuesday, March 10, 2020', 52, '2020-03-10 05:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/fg7zxb/daily_discussion_tuesday_march_10_2020/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas &amp; 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**Other ways to interact:**\n\n* [Get an invite](https://join.slack.com/t/reddit-bitcoinmarkets/shared_invite/enQtNjM1NTg3ODgwODUzLTQ2NjZjYjYxMWExZmZmMWY0MDNlN2JlM2RhZmM0NWY1YzY1MDlkOTMyNWFjNTZjYTg1ZDM2YmEwMWRkZjIwYjM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)\n* Set your flair to trade pretend money in [the Flair Game](https://coinsight.org/flairgame)\n* Weekly threads: [Newbie Mondays](http://www.reddit.com/r/BitcoinMarkets/search?q=newbie+monday&amp;sort=new&amp;restrict_sr=on&amp;t=all) and [Fundamentals Fridays](http://www.reddit.com/r/BitcoinMarkets/search?q=fundamentals+friday&amp;sort=new&amp;restrict_sr=on&amp;t=all)\n* Altcoins Discussion: [Altcoin Discussion](http://www.reddit.com/r/BitcoinMarkets/search?q=altcoin+discussion&amp;sort=new&amp;restrict_sr=on&amp;t=all)", 'https://www.reddit.com/r/BitcoinMarkets/comments/fg7zxb/daily_discussion_tuesday_march_10_2020/', 'fg7zxb', [['u/watahboy', 17, '2020-03-10 05:09', 'https://www.reddit.com/r/BitcoinMarkets/comments/fg7zxb/daily_discussion_tuesday_march_10_2020/fk2zuwt/', 'Buy the dip and have an excellent and healthy day.', 'fg7zxb'], ['u/BlackSpidy', 10, '2020-03-10 05:25', 'https://www.reddit.com/r/BitcoinMarkets/comments/fg7zxb/daily_discussion_tuesday_march_10_2020/fk31057/', 'Serious part first, some more lighthearted writing at the end. Honesty, I have not a goddamn clue what to do. On the one hand, if we\'re following the 4-year cycle (which I\'m *adamant* is a thing we\'re going through), this is but a momentary setback. On the other hand, the coronavirus scare and the stock market crashing could simply drag down the bitcoin market down. Cause another recession that causes enough collateral damage to tank us into a lower price we "shouldn\'t be seeing" (for lack of a better term).\n\nThis is feeling pretty dire... How about I share an excerpt from Satoshi\'s Hamlet?\n\n&gt;To trade, or not to trade, that is the question:\n\n&gt;Whether \'tis nobler in the mind to suffer the slings and arrows of outrageous price swings,\n\n&gt;Or to take arms against the losses, and by opposing, end them. \n\n&gt;To hodl—to trade no more...\n\n&gt; and by a hodling, to say we end the heart-ache of the thousand scamwicks...', 'fg7zxb'], ['u/_TROLL', 11, '2020-03-10 05:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/fg7zxb/daily_discussion_tuesday_march_10_2020/fk3124j/', 'Toilet paper, kleenex, Purell, and antivirals. 😈', 'fg7zxb'], ['u/JohnCryptoRambo', 12... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
7911.43, 4970.79, 5563.71, 5200.37, 5392.31, 5014.48, 5225.63, 5238.44, 6191.19, 6198.78
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:** ['In the first two months of 2020, Blockforce Capital’s multi-strategy master fund saw a 16.8 percent return compared to a 19.5 percent return inbitcoin(BTC), the company announced in a note to accredited investors.\nBlockforce is a seasoned exchange-traded fund (ETF) issuer that specializes in alternative investment vehicles for investors. In February of last year the company infamously filed the first proposal for an ETF made up of amix of currenciesincluding bitcoin, only topull the fundat the U.S. Securities and Exchange Commission’s request the next day. Currently, the company only offers bitcoin-related funds to accredited investors.\nLow volatility is the San Diego-based asset manager’s target for its multi-strategy fund, which hit its one-year anniversary this month.\nRelated:Australian Regulator Gives Green Light to App-Based Retail Bitcoin Fund\nWith volatility of 24.5 percent compared to bitcoin’s 74 percent, Blockforce claims its fund has a third of the volatility of the cryptocurrency, capturing 86 percent of the upside of bitcoin and 12.5 percent of the downside.\nThe fund’s goal is to capture more than 80 percent of bitcoin’s returns with about 40 percent of bitcoin’s losses. It’s supposed to “give people something they can invest in without all the stomach acid of a direct cryptocurrency investment,” Blockforce CEO Eric Ervin said.\nForty percent of the fund is based on systematic strategies based on long-term and short-term trends in a mix of large-cap cryptocurrencies: bitcoin,bitcoin cash(BCH),litecoin(LTC),ether(ETH),XRPand Binance coin (BNB). (This 40 percent is heavily weighted toward bitcoin, Ervin said.) Twenty percent of the fund is based on a mix of these large-cap crypto assets in general, and the rest is based on stablecoin lending.\nThe upside performance of the fund has improved significantly since last year, the company noted. In the first four months of the fund’s operations in 2019, the fund only increased by 32 percent while bitcoin rose more than 180 percent. From July to December, the fund only dropped 16 percent while bitcoin fell by 33 percent.\nRelated:Why the SEC Asked Blockforce Capital to Pull a Bitcoin ETF Proposal as Soon as It Was Filed\n“One thing to keep in mind when evaluating performance throughout 2019 was the erratic nature of returns,” Ervin said in the note, adding:\n“In November, after a portfolio management team change, we significantly reduced the complexity of the models, we slowed down some of the signals and focused our research efforts on optimizing for trade frictions as well as identifying high-probability trends to confirm either up, down or sideways markets. These model updates went live in December and we have been very pleased with the results since that time.”\nThe company will continue to add updates to its “research in pain pattern recognition, predictive signals for correlation breakdowns and some other areas.”\nBlockforce’s thesis, Ervin wrote, is the firm “will generate the bulk of [its] alpha through downside risk mitigation, portfolio overweights and underweights and the tactical use of digital asset lending in the portfolio.”\n• Canadian Fund Manager 3iQ Files Prospectus for Bitcoin Fund IPO\n• ASX-Listed DigitalX Seeds New Fund With Half Its Bitcoin Holdings', 'In the first two months of 2020, Blockforce Capital’s multi-strategy master fund saw a 16.8 percent return compared to a 19.5 percent return inbitcoin(BTC), the company announced in a note to accredited investors.\nBlockforce is a seasoned exchange-traded fund (ETF) issuer that specializes in alternative investment vehicles for investors. In February of last year the company infamously filed the first proposal for an ETF made up of amix of currenciesincluding bitcoin, only topull the fundat the U.S. Securities and Exchange Commission’s request the next day. Currently, the company only offers bitcoin-related funds to accredited investors.\nLow volatility is the San Diego-based asset manager’s target for its multi-strategy fund, which hit its one-year anniversary this month.\nRelated:Australian Regulator Gives Green Light to App-Based Retail Bitcoin Fund\nWith volatility of 24.5 percent compared to bitcoin’s 74 percent, Blockforce claims its fund has a third of the volatility of the cryptocurrency, capturing 86 percent of the upside of bitcoin and 12.5 percent of the downside.\nThe fund’s goal is to capture more than 80 percent of bitcoin’s returns with about 40 percent of bitcoin’s losses. It’s supposed to “give people something they can invest in without all the stomach acid of a direct cryptocurrency investment,” Blockforce CEO Eric Ervin said.\nForty percent of the fund is based on systematic strategies based on long-term and short-term trends in a mix of large-cap cryptocurrencies: bitcoin,bitcoin cash(BCH),litecoin(LTC),ether(ETH),XRPand Binance coin (BNB). (This 40 percent is heavily weighted toward bitcoin, Ervin said.) Twenty percent of the fund is based on a mix of these large-cap crypto assets in general, and the rest is based on stablecoin lending.\nThe upside performance of the fund has improved significantly since last year, the company noted. In the first four months of the fund’s operations in 2019, the fund only increased by 32 percent while bitcoin rose more than 180 percent. From July to December, the fund only dropped 16 percent while bitcoin fell by 33 percent.\nRelated:Why the SEC Asked Blockforce Capital to Pull a Bitcoin ETF Proposal as Soon as It Was Filed\n“One thing to keep in mind when evaluating performance throughout 2019 was the erratic nature of returns,” Ervin said in the note, adding:\n“In November, after a portfolio management team change, we significantly reduced the complexity of the models, we slowed down some of the signals and focused our research efforts on optimizing for trade frictions as well as identifying high-probability trends to confirm either up, down or sideways markets. These model updates went live in December and we have been very pleased with the results since that time.”\nThe company will continue to add updates to its “research in pain pattern recognition, predictive signals for correlation breakdowns and some other areas.”\nBlockforce’s thesis, Ervin wrote, is the firm “will generate the bulk of [its] alpha through downside risk mitigation, portfolio overweights and underweights and the tactical use of digital asset lending in the portfolio.”\n• Canadian Fund Manager 3iQ Files Prospectus for Bitcoin Fund IPO\n• ASX-Listed DigitalX Seeds New Fund With Half Its Bitcoin Holdings', 'In the first two months of 2020, Blockforce Capital’s multi-strategy master fund saw a 16.8 percent return compared to a 19.5 percent return in bitcoin (BTC), the company announced in a note to accredited investors. Blockforce is a seasoned exchange-traded fund (ETF) issuer that specializes in alternative investment vehicles for investors. In February of last year the company infamously filed the first proposal for an ETF made up of a mix of currencies including bitcoin, only to pull the fund at the U.S. Securities and Exchange Commission’s request the next day. Currently, the company only offers bitcoin-related funds to accredited investors. Low volatility is the San Diego-based asset manager’s target for its multi-strategy fund, which hit its one-year anniversary this month. Related: Australian Regulator Gives Green Light to App-Based Retail Bitcoin Fund With volatility of 24.5 percent compared to bitcoin’s 74 percent, Blockforce claims its fund has a third of the volatility of the cryptocurrency, capturing 86 percent of the upside of bitcoin and 12.5 percent of the downside. The fund’s goal is to capture more than 80 percent of bitcoin’s returns with about 40 percent of bitcoin’s losses. It’s supposed to “give people something they can invest in without all the stomach acid of a direct cryptocurrency investment,” Blockforce CEO Eric Ervin said. Forty percent of the fund is based on systematic strategies based on long-term and short-term trends in a mix of large-cap cryptocurrencies: bitcoin, bitcoin cash (BCH), litecoin (LTC), ether (ETH), XRP and Binance coin (BNB). (This 40 percent is heavily weighted toward bitcoin, Ervin said.) Twenty percent of the fund is based on a mix of these large-cap crypto assets in general, and the rest is based on stablecoin lending. The upside performance of the fund has improved significantly since last year, the company noted. In the first four months of the fund’s operations in 2019, the fund only increased by 32 percent while bitcoin rose more than 180 percent. From July to December, the fund only dropped 16 percent while bitcoin fell by 33 percent. Story continues Related: Why the SEC Asked Blockforce Capital to Pull a Bitcoin ETF Proposal as Soon as It Was Filed “One thing to keep in mind when evaluating performance throughout 2019 was the erratic nature of returns,” Ervin said in the note, adding: “In November, after a portfolio management team change, we significantly reduced the complexity of the models, we slowed down some of the signals and focused our research efforts on optimizing for trade frictions as well as identifying high-probability trends to confirm either up, down or sideways markets. These model updates went live in December and we have been very pleased with the results since that time.” The company will continue to add updates to its “research in pain pattern recognition, predictive signals for correlation breakdowns and some other areas.” Blockforce’s thesis, Ervin wrote, is the firm “will generate the bulk of [its] alpha through downside risk mitigation, portfolio overweights and underweights and the tactical use of digital asset lending in the portfolio.” Related Stories Canadian Fund Manager 3iQ Files Prospectus for Bitcoin Fund IPO ASX-Listed DigitalX Seeds New Fund With Half Its Bitcoin Holdings', 'Dear Traders,\nTheUSD/JPYis moving towards 106.30 the POC confluence zone. At this poi **Last 60 Days of Bitcoin's Closing Prices:** [8037.54, 8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46, 8599.51, 8562.45, 8869.67, 8787.79, 8755.25, 9078.76, 9122.55, 8909.95, 8108.12, 7923.64, 7909.73] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-03-11 **Financial & Commodity Data:** - Gold Closing Price: $1641.40 - Crude Oil Closing Price: $32.98 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.17 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin grew by more than 4% and traded close to $9,650 by 10:00 GMT on Thursday. Almost all altcoins have also moved to a steady upward trend. Especially worth mentioning is Ethereum (ETH), which has added 9% in the last 24 hours, reaching $208, having crossed the round mark. Bitcoin Cash (BCH) also shows an impressive growth of almost 14% to $440. As the crypto market grows, many analysts, including Josh Rager, announce a change of trend, and the new altcoin season. There is every reason for that, especially given the price dynamics related to the coronavirus and traditional market. At the beginning of the next bullish spiral, the crypto community linked this growth to the virus, geopolitics, overbought stocks, tying to gold dynamics, and other factors. So what do we see now? Panic around the epidemic has eased: Chinese scientists are actively convincing the international community that they have taken control of the situation and developed a vaccine. This news provoked further stock growth; oil bounced back while gold declined. Besides, there is extremely positive news about US-China trade war. In theory, all this could lead to a reversal of the Bitcoin and the entire market to a decline. So how could Bitcoin get a significant impulse on the background of the coronavirus spreading? It is quite possible to assume a scenario where the epidemic spreads to many countries of the world, provoking governments to close borders. This would immediately lead to a breakdown of all established supply chains and a drop in trade volumes. The end of broad free trade between countries could cause restrictions on capital movements, as panic provokes asset flight. In that case, Bitcoin and other cryptocurrencies could indeed be considered beneficiaries of the “feast at a time of plague”. Nevertheless, the situation is improving, and we see active growth. All this suggests that Bitcoin for investors is in a border zone. It’s not a traditional risk asset, as its volatility is still off the charts compared to popular currencies and equities; and yet, it’s not a safe-haven. Story continues Most likely, we are witnessing a situation where investors, investing in stocks against the backdrop of growing optimism, diversify some funds towards Bitcoin. The first cryptocurrency, in its turn, is pulling the rest of the crypto market upwards. We can assume that BTC will follow the sentiment of large investors, receiving impulses depending on the general direction of the market. Price dynamics can be heated up by the participants of the crypto market themselves, who, however, probably, no longer have the same driving force, which once pushed the rate to $20,000. This article was written by FxPro This article was originally posted on FX Empire More From FXEMPIRE: Silver Price Forecast – Silver Shows Short-term Strength but Remains Stuck in Consolidation Natural Gas Price Forecast – Natural Gas Markets Go Back And Forth Yet Again S&P 500 Price Forecast – Stock Markets Continue To Grind To The Upside China Virus Could Be a Boon for Mexican Cattle Exports GBP/JPY Price Forecast – British Pound Continues To Grind Against Japanese Yen AUD/USD Price Forecast – Australian Dollar Runs Into Resistance... - Reddit Posts (Sample): [['u/a_smart_child', 'Spending BTC', 26, '2020-03-11 02:28', 'https://www.reddit.com/r/Bitcoin/comments/fgp3ix/spending_btc/', 'I am 15 and have around 0.01 BTC, but I dont have any way of spending it. Anyone got any ideas how i could spend it online (or in person would be better.) I am in Australia.\n\nGetting a BTC debit card is not an option as you have to be 18.\nSelling the BTC and getting a real debit card is not an option, because I have no way to sell it (exchanges require you to be over 18 as well)\n\nIf you know of anyways I would be so grateful, I have been looking around for ages!', 'https://www.reddit.com/r/Bitcoin/comments/fgp3ix/spending_btc/', 'fgp3ix', [['u/hamie2', 19, '2020-03-11 02:37', 'https://www.reddit.com/r/Bitcoin/comments/fgp3ix/spending_btc/fk5z7wf/', 'don’t spend it. thank me later.', 'fgp3ix'], ['u/TypiquL', 11, '2020-03-11 02:46', 'https://www.reddit.com/r/Bitcoin/comments/fgp3ix/spending_btc/fk609w1/', 'I’d suggest Giftcards and redeem them either on amazon or any other retailer ... but I personally suggest you hold on to it as it’ll only go up in value you don’t need it yet', 'fgp3ix'], ['u/J5CJ', 16, '2020-03-11 03:17', 'https://www.reddit.com/r/Bitcoin/comments/fgp3ix/spending_btc/fk63pt5/', 'spend your USD, save and accumulate bitcoin. all of it. you will be glad you did.', 'fgp3ix'], ['u/P_Mikus', 14, '2020-03-11 05:27', 'https://www.reddit.com/r/Bitcoin/comments/fgp3ix/spending_btc/fk6fnzq/', 'Don’t spend it?', 'fgp3ix']]], ['u/AutoModerator', '[Daily Discussion] Wednesday, March 11, 2020', 42, '2020-03-11 05:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/fgr802/daily_discussion_wednesday_march_11_2020/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas &amp; 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**Other ways to interact:**\n\n* [Get an invite](https://join.slack.com/t/reddit-bitcoinmarkets/shared_invite/enQtNjM1NTg3ODgwODUzLTQ2NjZjYjYxMWExZmZmMWY0MDNlN2JlM2RhZmM0NWY1YzY1MDlkOTMyNWFjNTZjYTg1ZDM2YmEwMWRkZjIwYjM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)\n* Set your flair to trade pretend money in [the Flair Game](https://coinsight.org/flairgame)\n* Weekly threads: [Newbie Mondays](http://www.reddit.com/r/BitcoinMarkets/search?q=newbie+monday&amp;sort=new&amp;restrict_sr=on&amp;t=all) and [Fundamentals Fridays](http://www.reddit.com/r/BitcoinMarkets/search?q=fundamentals+friday&amp;sort=new&amp;restrict_sr=on&amp;t=all)\n* Altcoins Discussion: [Altcoin Discussion](http://www.reddit.com/r/BitcoinMarkets/search?q=altcoin+discussion&amp;sort=new&amp;restrict_sr=on&amp;t=all)", 'https://www.reddit.com/r/BitcoinMarkets/comments/fgr802/daily_discussion_wednesday_march_11_2020/', 'fgr802', [['u/Freefallr', 10, '2020-03-11 08:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/fgr802/daily_discussion_wednesday_march_11_2020/fk6poom/', 'Why are your parents deciding where to invest your own money in the first place?', 'fgr802'], ['u/Buckyboycoin', 10, '2020-03-11 10:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/fgr802/daily_discussion_wednesday_march_11_2020/fk6vlzj/', 'Your Nervous???\n\n100.. Messages / Posts a Day? \n\n&amp;#x200B;\n\nAnd more... \n\nAll Crap!!!', 'fgr802'], ['u/prof7bit', 24, '2020-03-11 11:06', 'https://www.reddit.com/r/BitcoinMarkets/comments/fgr802/daily_discussion_wednesday_march_11_2020/fk6y4r2/', 'Later today I am going to exit all positions and open a small sacrificial short on Bitfinex in order to prevent Bitcoin from dropping further. Thank me later.', 'fgr802'], ['u/zappadoing', 12, '2020-03-11 11:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/fgr802/daily_discussion_wednesday_march_11_2020/fk6yien/', 'this is the point where universe splits in two. in your world bitcoin will start go up - in the other down.', 'fgr802'], ['u/Buckyboycoin', 12, '2020-03-11 11:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/fgr802/daily_discussion_wednesday_march_11_2020/fk6z8hp/', "&gt;and i will buy gold with it in a week or two.\n\nGreat... Good for you...So we Don't see you anymore here?\n\nDeal?", 'fgr802'], ['u/Ordinary_investor', 17, '2020-03-11 11:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/fgr802/daily_discussion_wednesday_march_11_2020/fk6zq9e/', 'I just drank my coffee, while going through pros and cons of crypto market fundamentals and TA perspective. \n\nI think that, after \\~26 months of this bear market, i am actually ready to capitulate. And yes, i understand the irony of timing, historically "just before the new bull cycle". \n\nI will have one good night sleep before deciding though.', 'fgr802'], ['u/nannal', 12, '2020-03-11 11:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/fgr802/daily_discussion_wednesday_march_11_2020/fk704gs/', '&gt; please read all postings with high negative score first\n\nThis is awful advice.', 'fgr802'], ['u/desGroles', 10, '2020-03-11 12:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/fgr802/daily_discussion_wednesday_march_11_2020/fk71nxp/', "It is telling that you're the ordinary investor! Thank you for sharing.", 'fgr802'], ['u/cryptogrip', 17, '2020-03-11 12:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/fgr802/daily_discussion_wednesday_march_11_2020/fk72r55/', "People are overblowing the hedge thing. Bitcoin is still very new. When the world is in crisis and people are already worried, they are not going to put their money into something they've never even owned before and are not familiar with. \n\nFamiliarity helps to nurture trust. Already in just 10 years, the overall level of trust for Bircoin has exponentially grown, and it's still in its infancy. Give it time.\n\nBitcoin is already an exceptional long term store of value. Ask anyone who's held on to Bitcoin for 4 or 5 years or more. Gold will never deliver in that way, so let gold be the hedge .... for now.", 'fgr802'], ['u/buyeverydip', 17, '2020-03-11 13:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/fgr802/daily_discussion_wednesday_march_11_2020/fk75isn/', 'it seems to me like sometimes people are confusing the terms "uncorrelated" with "negative correlation" ... some were expecting bitcoin to be negatively correlated to stocks like a hedge although it has never been true? at the same time, two assets that decline at the same time temporarily can still be uncorrelated in the long term. not sure why the hedge argument keeps coming up...', 'fgr802'], ['u/clarkdoubleyou', 12, '2020-03-11 13:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/fgr802/daily_discussion_wednesday_march_11_2020/fk76j9u/', "Given the global circumstances where toilet paper is obviously something to fight for, I'm mildly surprised by the price of bitcoin still being at this high level. \nThat's all.", 'fgr802'], ['u/AlpraKream', 10, '2020-03-11 13:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/fgr802/daily_discussion_wednesday_march_11_2020/fk792di/', "You must have made some pretty low effort posts to get banned considering all the other shit posters here that haven't got banned yet.", 'fgr802'], ['u/ComputationalMat', 17, '2020-03-11 13:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/fgr802/daily_discussion_wednesday_march_11_2020/fk79iha/', "This is beginning to show some of the hallmarks of a potential local bottom at least in terms of /r/BitcoinMarkets sentiment.\n\n- Lots of discontent and deep doubt about the fundamentals \n- Every trader saying the chart is fucking dead\n- Chart looks retarded to nearly everyone\n- Some early hodlers who sold 2017 and retired coming out in droves with the the same old same old to boost the morale of their new recruits, although not many yet\n- 1 /u/Ordinary_investor 24 hours from capitulating. Not many, but it's something.\n- Not many people posting about knife catching or Peter Schiff anymore.\n\nOr this could all be bullshit warped by my own sentiment.", 'fgr802'], ['u/hydroflow78', 14, '2020-03-11 14:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/fgr802/daily_discussion_wednesday_march_11_2020/fk7cssr/', "Interesting time right now. For many traders, BTC is now close to breaching its long term log chart. If this happens, price can dump heavily. However, if it holds, this is a great buying opportunity. My bias is towards it holding. I've closed my short from $9100 at $7800. Now i'll wait on the sidelines before making another decision.", 'fgr802'], ['u/Buckyboycoin', 13, '2020-03-11 15:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/fgr802/daily_discussion_wednesday_march_11_2020/fk7fgwv/', 'Imagine.... You were never Born...\n\n&amp;#x200B;\n\nSame Crap Message.', 'fgr802'], ['u/prof7bit', 14, '2020-03-11 15:59', 'https://www.reddit.com/r/BitcoinMarkets/comments/fgr802/daily_discussion_wednesday_march_11_2020/fk7laon/', 'There is a global toilet paper shortage right now, we need to produce as much of it as possible!', 'fgr802'], ['u/bloodyboy33', 17, '2020-03-11 16:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/fgr802/daily_discussion_wednesday_march_11_2020/fk7qckz/', 'another suicidal drop any minute now ?', 'fgr802'], ['u/92foxcoupe', 13, '2020-03-11 17:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/fgr802/daily_discussion_wednesday_march_11_2020/fk7ugh9/', 'It works fine unless you need to buy gas, pay your utility bills, pay your mortgage, buy food, medication or most other necessities. Other than that, yeah, it works great.', 'fgr802'], ['u/WorldPeaceIsSoMetta', 16, '2020-03-11 17:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/fgr802/daily_discussion_wednesday_march_11_2020/fk7w6xk/', 'Ayyy we got a pandemic', 'fgr802'], ['u/At0m11c', 14, '2020-03-11 17:52', 'https://www.reddit.com/r/BitcoinMarkets/comments... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
4970.79, 5563.71, 5200.37, 5392.31, 5014.48, 5225.63, 5238.44, 6191.19, 6198.78, 6185.07
You are an expert financial analyst. Your primary task is to 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 Rodrigo Campos NEW YORK (Reuters) - Panic hit world financial markets on Thursday after stimulus efforts from the European Central Bank failed to calm investors alarmed by U.S. moves to restrict travel from Europe because of the coronavirus pandemic. An MSCI global gauge of stocks posted its largest daily percentage drop on record, as did European shares <.STOXX>. Wall Street\'s Dow industrials index <.DJI> recorded its largest daily decline since the Black Monday crash of October 1987. The New York Federal Reserve pumped more liquidity to banks, briefly reversing some of the day\'s losses. It was the third substantial increase in repo support announced by the U.S. central bank this week, a sign the Fed is taking drastic steps to inject more liquidity into the banking system as markets show signs of stress. The U.S. dollar responded atypically, rising against numerous currencies and gold in yet another sign of financial market stress. Oil prices sank further, while traditional safe-haven assets like gold and the Japanese yen lost value against the dollar. Trading was halted for 15 minutes shortly after the open in New York after the benchmark S&P 500 stock index tumbled more than 7%. It ended down 9.5%. In a televised address late on Wednesday that included support measures for the economy, U.S. President Donald Trump imposed restrictions on travel from Europe to the United States, shocking investors and travelers. Traders were disappointed after hoping to see broader measures to fight the spread of the virus and blunt its expected blow to economic growth. "The economy is going to grind to a halt in the next month and the recession risk is real now," said Zhiwei Ren, managing director at Penn Mutual Asset Management in Horsham, Pennsylvania. Trump said the United States would suspend all travel from Europe, except Britain and Ireland, for 30 days starting on Friday. He later said trade would not be affected by the restrictions. Story continues Worries spread far beyond stocks to companies\' lines of credit and their ability to finance business activity in the short term. Fear of the unknown "is gripping markets and it’s more impactful in the credit markets at the moment; liquidity has effectively evaporated," said John McClain, a portfolio manager at Diamond Hill Capital in Columbus, Ohio. "People are looking ahead and saying \'What’s this world going to feel like when we’re all working at home?\'" The European Central Bank approved fresh stimulus measures and temporarily dropped banks\' capital requirements to help the euro zone cope with the shock of the pandemic, but kept interest rates on hold, disappointing markets. The Dow Jones Industrial Average <.DJI>sank 2,352.6 points, or 9.99%, to 21,200.62, the S&P 500 <.SPX> lost 260.74 points, or 9.51%, to 2,480.64 and the Nasdaq Composite <.IXIC> dropped 750.25 points, or 9.43%, to 7,201.80. The pan-European STOXX 600 index <.STOXX> lost 11.48% and emerging market stocks lost 6.71%. Japan\'s Nikkei futures <NKc1> lost 10.88%. MSCI\'s gauge of stocks across the globe <.MIWD00000PUS> shed 9.51% and was down more than 20% from its 52-week peak. The index has lost more than 26% over the last 20 sessions. The VIX volatility index <.VIX> - Wall Street\'s "fear gauge" - and an equivalent measure of volatility for the Euro Stoxx 50 <.V2TX> hit their highest since the 2008 financial crisis. INTO THE UNKNOWN Fed fund rate futures <0#FF:> are now pricing in a 1.0 percentage point cut, rather than 0.75, at a policy review next week. The euro weakened after the ECB stimulus announcement. Demand for dollars via the currency derivative markets surged to the highest levels in years in a sign that coronavirus-induced economic stress is starting to manifest itself in a broad scramble for funding in dollars. "Dollar liquidity is king in times of crisis and that is what the blow-out in swap spreads is telling us," said Kenneth Broux, a currency strategist at Societe Generale in London. He said this could mark a move into the next sell-off stage, which could mean a three-week-long worldwide rout in shares and riskier bonds giving way to a rush for dollars. The dollar index <=USD> rose 0.792%, with the euro <EUR=> up 0.08% to $1.1192. The Japanese yen weakened 0.09% versus the greenback at 104.76 per dollar, while Sterling <GBP=> was last trading at $1.2585, up 0.11% on the day. The Brazilian real <BRL=>, Colombian peso <COP=> and Mexican peso <MXN=> all hit historic lows versus the greenback. Bitcoin plunged 28.1% amid wild volatility in cryptocurrency markets. <BTC=BTSP> Oil prices were also hit, compounded by an intensifying price war between Saudi Arabia and Russia, on top of fears of a sharp slowdown in the global economy. U.S. crude <CLc1> fell 6.03% to $30.99 per barrel and Brent <LCOc1> was last at $32.84, down 8.24% on the day. Spot gold <XAU=> dropped 3.5% to $1,576.79 an ounce. Palladium <XPD=> dropped 20.6% to $1,831.09 an ounce. Benchmark 10-year U.S. Treasury notes <US10YT=RR> rose 3/32 in price to yield 0.8121%, from 0.822% late on Wednesday. (Reporting by Rodrigo Campos; additional reporting by Bozorgmehr Sharafedin, Saikat Chatterjee and Sujata Rao in London, Karen Pierog in Chicago, Medha Singh in Bengaluru, Ann Saphir in San Francisco and Jonnelle Marte, Kate Duguid, Karen Brettell, Herb Lash and Saqib Iqbal Ahmed in New York; Editing by Bernadette Baum and Dan Grebler)', 'By Rodrigo Campos\nNEW YORK (Reuters) - Panic hit world financial markets on Thursday after stimulus efforts from the European Central Bank failed to calm investors alarmed by U.S. moves to restrict travel from Europe because of the coronavirus pandemic.\nAn MSCI global gauge of stocks posted its largest daily percentage drop on record, as did European shares <.STOXX>. Wall Street\'s Dow industrials index <.DJI> recorded its largest daily decline since the Black Monday crash of October 1987.\nThe New York Federal Reserve pumped more liquidity to banks, briefly reversing some of the day\'s losses. It was the third substantial increase in repo support announced by the U.S. central bank this week, a sign the Fed is taking drastic steps to inject more liquidity into the banking system as markets show signs of stress.\nThe U.S. dollar responded atypically, rising against numerous currencies and gold in yet another sign of financial market stress. Oil prices sank further, while traditional safe-haven assets like gold and the Japanese yen lost value against the dollar.\nTrading was halted for 15 minutes shortly after the open in New York after the benchmark S&P 500 stock index tumbled more than 7%. It ended down 9.5%.\nIn a televised address late on Wednesday that included support measures for the economy, U.S. President Donald Trump imposed restrictions on travel from Europe to the United States, shocking investors and travelers.\nTraders were disappointed after hoping to see broader measures to fight the spread of the virus and blunt its expected blow to economic growth.\n"The economy is going to grind to a halt in the next month and the recession risk is real now," said Zhiwei Ren, managing director at Penn Mutual Asset Management in Horsham, Pennsylvania.\nTrump said the United States would suspend all travel from Europe, except Britain and Ireland, for 30 days starting on Friday. He later said trade would not be affected by the restrictions.\nWorries spread far beyond stocks to companies\' lines of credit and their ability to finance business activity in the short term.\nFear of the unknown "is gripping markets and it’s more impactful in the credit markets at the moment; liquidity has effectively evaporated," said John McClain, a portfolio manager at Diamond Hill Capital in Columbus, Ohio. "People are looking ahead and saying \'What’s this world going to feel like when we’re all working at home?\'"\nThe European Central Bank approved fresh stimulus measures and temporarily dropped banks\' capital requirements to help the euro zone cope with the shock of the pandemic, but kept interest rates on hold, disappointing markets.\nThe Dow Jones Industrial Average <.DJI>sank 2,352.6 points, or 9.99%, to 21,200.62, the S&P 500 <.SPX> lost 260.74 points, or 9.51%, to 2,480.64 and the Nasdaq Composite <.IXIC> dropped 750.25 points, or 9.43%, to 7,201.80.\nThe pan-European STOXX 600 index <.STOXX> lost 11.48% and emerging market stocks lost 6.71%.\nJapan\'s Nikkei futures <NKc1> lost 10.88%.\nMSCI\'s gauge of stocks across the globe <.MIWD00000PUS> shed 9.51% and was down more than 20% from its 52-week peak. The index has lost more than 26% over the last 20 sessions.\nThe VIX volatility index <.VIX> - Wall Street\'s "fear gauge" - and an equivalent measure of volatility for the Euro Stoxx 50 <.V2TX> hit their highest since the 2008 financial crisis.\nINTO THE UNKNOWN\nFed fund rate futures <0#FF:> are now pricing in a 1.0 percentage point cut, rather than 0.75, at a policy review next week.\nThe euro weakened after the ECB stimulus announcement.\nDemand for dollars via the currency derivative markets surged to the highest levels in years in a sign that coronavirus-induced economic stress is starting to manifest itself in a broad scramble for funding in dollars.\n"Dollar liquidity is king in times of crisis and that is what the blow-out in swap spreads is telling us," said Kenneth Broux, a currency strategist at Societe Generale in London.\nHe said this could mark a move into the next sell-off stage, which could mean a three-week-long worldwide rout in shares and riskier bonds giving way to a rush for dollars.\nThe dollar index <=USD> rose 0.792%, with the euro <EUR=> up 0.08% to $1.1192.\nThe Japanese yen weakened 0.09% versus the greenback at 104.76 per dollar, while Sterling <GBP=> was last trading at $1.2585, up 0.11% on the day.\nThe Brazilian real <BRL=>, Colombian peso <COP=> and Mexican peso <MXN=> all hit historic lows versus the greenback.\nBitcoin plunged 28.1% amid wild volatility in cryptocur **Last 60 Days of Bitcoin's Closing Prices:** [8192.49, 8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46, 8599.51, 8562.45, 8869.67, 8787.79, 8755.25, 9078.76, 9122.55, 8909.95, 8108.12, 7923.64, 7909.73, 7911.43] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-03-12 **Financial & Commodity Data:** - Gold Closing Price: $1589.30 - Crude Oil Closing Price: $31.50 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.14 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: New Hampshire’s innovative state legislation that would have allowed state agencies to accept cryptocurrencies as payment for taxes has been retracted. The state House of Representatives announced the retraction on January 8 following a motion from the General Court’s Executives Departments Committee, which deemed the initiative as “inexpedient to legislate”. The main stumbling block for state agencies in New Hampshire was the volatility of Bitcoin and other cryptocurrencies, which could have turned into a significant expense for the state. “These changes would increase Department of Revenue Administration (DRA) expenditures by an indeterminable amount in FY 2020, in anticipation of an implementation date of July 1 2020,” the report states. “The DRA cannot estimate if any additional revenue would be generated due to the acceptance of cryptocurrencies. The volatility of accepting cryptocurrencies could affect revenues due to tax assessments being generated in US currency.” Ohio also experienced issues when trying to implement cryptocurrency tax payments into its existing system, with the initiative lasting less than a year. In November 2018, it became the first state to accept cryptocurrency for tax payments, only for the legislation to be suspended in October 2019 as the state’s treasurer, Robert Sprague, claimed that officials needed to ensure it was compliant with existing Ohio law. For more news, guides, and cryptocurrency analysis, click here . The post New Hampshire’s proposal to accept Bitcoin for tax payments fails appeared first on Coin Rivet .... - 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.
5563.71, 5200.37, 5392.31, 5014.48, 5225.63, 5238.44, 6191.19, 6198.78, 6185.07, 5830.25
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['UPDATE (March 13, 02:44 UTC): Bitcoin’s price briefly sank below $4,000 before rebounding to between $5,300 and $5,500 in a 30-minute period. The rapid price rise followed complaintson Twitterthat crypto derivatives trading platform Bitmex had gone offline, though it is unclear whether this is related.\nBitcoin(BTC) and the broader cryptocurrency market continued this week’s sharp decline, with the world’s largest crypto falling to around $4,800.\nThe crypto space echoed the broader global trading markets: Equities have been in free-fall mode, prompting another halt to trading as the S&P 500 suffered another 9.5 percent drop on Thursday. The Dow Jones Industrial Average is also down around 10 percent, while the tech-heavy Nasdaq fell 9.43 percent to around 7,201 basis points.\nRelated:Bitcoin Ekes Out Gains but Remains in Red Amid Broader Market Rebound\nThe Asian markets fared no better as the Australian ASX All Ordinaries dropped 7.23 percent while Tokyo’s Nikkei 225 fell 4.4 percent and is set to continue its slide into deeper losses amid the coronavirus pandemic.\nNearly $63 billion has been wiped from the markets as the total market capitalization of all crypto fell from $223 billion to $161 billion, with BTC falling more than 39 percent over the past 24 hours to levels not seen since April 2019.\nAs for other top crypto assets,ethereum(ETH) is at $109, whileXRP(XRP) is trading at 14 cents.\nBalances containing 100 or more bitcoin have fallen to their lowest point since Dec. 31, 2019, signaling a flight to cash as othersupposed safe-haven assets like gold fell 3.5 percent.\nRelated:Despite Bitcoin Price Dips, Crypto Is a Safe Haven in the Middle East\nIn the near term, investors expect major volatility. However, many express optimism when considering the long-term.\n“Not a market for the faint-hearted. Staggering losses all round,” CEO of BCB Group Oliver von Landsberg-Sadie said.\n“Ahead of the halving we have a half-price sale and it won’t last long. The market is oversold on correlated global economic jitters and it’s not hard to see a short term correction,” Landsberg-Sadie added.\nHowever, a small glimmer of hope remains for those high-net-worth individuals, Landsberg-Sadie claims, who continue to put in purchase orders for bitcoin, despite the economic turmoil happening all around.\n“Those four were all purchase orders. Of the high-net-worth individual buyers, two were U.K, one Swiss.”\nOthers stated it was the long-term perspective that offered more promising returns on their investment as traders await the bloodbath in global markets to conclude.\n“In the long term, we see this period as an opportunity for many investors to get exposure to the asset class at attractive prices,” said Asim Ahmad, founding partner and co-chief investment officer at Eterna Capital.\nIdo Sadeh Man, founder and chairman of the board at Saga Foundation, said conditions from a macro perspective look shaky at best.\n“The near-future looks hyper volatile and even chaotic,” he said. “This will only continue to weigh on the global economy, and ultimately hurt the pockets of individuals. The only available tool for corporates and households alike is to look at diversification strategies of their assets and currencies, to protect and preserve their value.”\nOn the technical side, BTC has broken down from a head and shoulders pattern that had been staring down traders since March 8’s initial breakdown from $8,900 to just under $8,000.\nHigh levels of spot volume as well as a dip into extreme oversold territory, as seen by the daily RSI, a measure of trend strength and momentum, do not bode well for crypto in the short term although a bounce may be on the cards, once the bloodletting ceases.\n“In the short term we expect the bitcoin price to follow the market sentiment driven by monetary and fiscal policies in response to COVID-19 developments,” Ahmad added.\n• Crypto Prepped Before Coronavirus Went Global\n• Whale Watching: Exchange Data Contained Early Warning of Thursday’s Bitcoin Dump', 'UPDATE (March 13, 02:44 UTC): Bitcoin’s price briefly sank below $4,000 before rebounding to between $5,300 and $5,500 in a 30-minute period. The rapid price rise followed complaintson Twitterthat crypto derivatives trading platform Bitmex had gone offline, though it is unclear whether this is related.\nBitcoin(BTC) and the broader cryptocurrency market continued this week’s sharp decline, with the world’s largest crypto falling to around $4,800.\nThe crypto space echoed the broader global trading markets: Equities have been in free-fall mode, prompting another halt to trading as the S&P 500 suffered another 9.5 percent drop on Thursday. The Dow Jones Industrial Average is also down around 10 percent, while the tech-heavy Nasdaq fell 9.43 percent to around 7,201 basis points.\nRelated:Bitcoin Ekes Out Gains but Remains in Red Amid Broader Market Rebound\nThe Asian markets fared no better as the Australian ASX All Ordinaries dropped 7.23 percent while Tokyo’s Nikkei 225 fell 4.4 percent and is set to continue its slide into deeper losses amid the coronavirus pandemic.\nNearly $63 billion has been wiped from the markets as the total market capitalization of all crypto fell from $223 billion to $161 billion, with BTC falling more than 39 percent over the past 24 hours to levels not seen since April 2019.\nAs for other top crypto assets,ethereum(ETH) is at $109, whileXRP(XRP) is trading at 14 cents.\nBalances containing 100 or more bitcoin have fallen to their lowest point since Dec. 31, 2019, signaling a flight to cash as othersupposed safe-haven assets like gold fell 3.5 percent.\nRelated:Despite Bitcoin Price Dips, Crypto Is a Safe Haven in the Middle East\nIn the near term, investors expect major volatility. However, many express optimism when considering the long-term.\n“Not a market for the faint-hearted. Staggering losses all round,” CEO of BCB Group Oliver von Landsberg-Sadie said.\n“Ahead of the halving we have a half-price sale and it won’t last long. The market is oversold on correlated global economic jitters and it’s not hard to see a short term correction,” Landsberg-Sadie added.\nHowever, a small glimmer of hope remains for those high-net-worth individuals, Landsberg-Sadie claims, who continue to put in purchase orders for bitcoin, despite the economic turmoil happening all around.\n“Those four were all purchase orders. Of the high-net-worth individual buyers, two were U.K, one Swiss.”\nOthers stated it was the long-term perspective that offered more promising returns on their investment as traders await the bloodbath in global markets to conclude.\n“In the long term, we see this period as an opportunity for many investors to get exposure to the asset class at attractive prices,” said Asim Ahmad, founding partner and co-chief investment officer at Eterna Capital.\nIdo Sadeh Man, founder and chairman of the board at Saga Foundation, said conditions from a macro perspective look shaky at best.\n“The near-future looks hyper volatile and even chaotic,” he said. “This will only continue to weigh on the global economy, and ultimately hurt the pockets of individuals. The only available tool for corporates and households alike is to look at diversification strategies of their assets and currencies, to protect and preserve their value.”\nOn the technical side, BTC has broken down from a head and shoulders pattern that had been staring down traders since March 8’s initial breakdown from $8,900 to just under $8,000.\nHigh levels of spot volume as well as a dip into extreme oversold territory, as seen by the daily RSI, a measure of trend strength and momentum, do not bode well for crypto in the short term although a bounce may be on the cards, once the bloodletting ceases.\n“In the short term we expect the bitcoin price to follow the market sentiment driven by monetary and fiscal policies in response to COVID-19 developments,” Ahmad added.\n• Crypto Prepped Before Coronavirus Went Global\n• Whale Watching: Exchange Data Contained Early Warning of Thursday’s Bitcoin Dump', 'UPDATE (March 13, 02:44 UTC): Bitcoin\x92s price briefly sank below $4,000 before rebounding to between $5,300 and $5,500 in a 30-minute period. The rapid price rise followed complaints on Twitter that crypto derivatives trading platform Bitmex had gone offline, though it is unclear whether this is related. Bitcoin (BTC) and the broader cryptocurrency market continued this week\x92s sharp decline, with the world\x92s largest crypto falling to around $4,800. The crypto space echoed the broader global trading markets: Equities have been in free-fall mode, prompting another halt to trading as the S&P 500 suffered another 9.5 percent drop on Thursday. The Dow Jones Industrial Average is also down around 10 percent, while the tech-heavy Nasdaq fell 9.43 percent to around 7,201 basis points. Related: Bitcoin Ekes Out Gains but Remains in Red Amid Broader Market Rebound The Asian markets fared no better as the Australian ASX All Ordinaries dropped 7.23 percent while Tokyo\x92s Nikkei 225 fell 4.4 percent and is set to continue its slide into deeper losses amid the coronavirus pandemic. Nearly $63 billion has been wiped from the markets as the total market capitalization of all crypto fell from $223 billion to $161 billion, with BTC falling more than 39 percent over the past 24 hours to levels not seen since April 2019. As for other top crypto assets, ethereum (ETH) is at $109, while XRP (XRP) is trading at 14 cents. Balances containing 100 or more bitcoin have fallen to their lowest point since Dec. 31, 2019, signaling a flight to cash as other supposed safe-haven assets like gold fell 3.5 percent . Related: Despite Bitcoin Price Dips, Crypto Is a Safe Haven in the Middle East In the near term, investors expect major volatility. However, many express optimism when considering the long-term. \x93Not a market for the faint-hearted. Staggering losses all round,\x94 CEO of BCB Group **Last 60 Days of Bitcoin's Closing Prices:** [8144.19, 8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46, 8599.51, 8562.45, 8869.67, 8787.79, 8755.25, 9078.76, 9122.55, 8909.95, 8108.12, 7923.64, 7909.73, 7911.43, 4970.79] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-03-13 **Financial & Commodity Data:** - Gold Closing Price: $1515.70 - Crude Oil Closing Price: $31.73 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $131,975,533,511 - Hash Rate: 100622310.115052 - Transaction Count: 319555.0 - Unique Addresses: 539310.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.10 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Stablecoin issuer Tether is launching a new token backed by physical gold. Tether Gold “represents ownership of one troy fine ounce of physical gold on a specific gold bar,” a press release said Thursday. The new stablecoins, with the XAU₮ ticker, will be issued on ethereum and tron as ERC-20 and TRC20 tokens. “Tether Gold is launching in response to the growing demand for a digital asset that provides exposure to the world’s most enduring asset and a geopolitical need for an alternative financial system,” a spokesperson said in an email. Related:Pornhub Now Lets Models Get Paid With the Tether Stablecoin The gold backing each token will be stored in a Swiss vault, the release claimed, without naming the facility. Tether will charge no custody fees and “has direct control over the physical gold storage.” “Tether Gold provides the combined benefits of both physical and digital assets, removing the drawbacks of holding gold in more traditional ways, such as high storage costs and restricted access,” said Tether CTO Paolo Ardoino. Tether’s other stablecoins are pegged to the U.S. dollar, the euro and offshore yuan. • Law Firm Representing Quadriga’s Ex-Users Want Info About ‘Shadow Bank’ Crypto Capital • Retail Accumulation? Number of Bitcoin Addresses With One or More Coins Sees Solid Rise • Vodafone Is the Latest Big Company to Quit Facebook-Founded Libra Association... - Reddit Posts (Sample): [['u/genius3edition', "Bitcoin isn't a stock. There is no need to sell.", 62, '2020-03-13 00:33', 'https://www.reddit.com/r/CryptoCurrency/comments/fhpz8w/bitcoin_isnt_a_stock_there_is_no_need_to_sell/', "To all those people selling Bitcoin because of the virus: Bitcoin isn't a company which makes money from commerce. It's understandable why the stock market is dropping, but you don't need to sell BTC just because shares are dropping. You hold a digital currency, not a share in Bitcoin.", 'https://www.reddit.com/r/CryptoCurrency/comments/fhpz8w/bitcoin_isnt_a_stock_there_is_no_need_to_sell/', 'fhpz8w', [['u/Mattecles', 25, '2020-03-13 00:37', 'https://www.reddit.com/r/CryptoCurrency/comments/fhpz8w/bitcoin_isnt_a_stock_there_is_no_need_to_sell/fkcmhnb/', 'Greed and herd mentality my friend, that is the reason why people sell. Eventhough they believe in crypto they\'ll think "oh, prices are going down, so more people will sell, i\'ll sell first and buy back when it\'s lower!". That and long positions being liquidated becouse of this. Basicly the same mentality that made crypto go parabolic at the end of 2017.', 'fhpz8w'], ['u/Toyake', 23, '2020-03-13 00:39', 'https://www.reddit.com/r/CryptoCurrency/comments/fhpz8w/bitcoin_isnt_a_stock_there_is_no_need_to_sell/fkcmo4v/', "Bitcoin isn't a stock. There is no reason to buy.\n\nIn a recession people need real money, not digital lotto tickets. Bitcoin is going to get dropped to the curb so fucking quickly. You have a chance to salvage some value before we really enter a global recession, are you going to squander this opportunity bag holding or are you going to adapt?", 'fhpz8w'], ['u/rmullig2', 36, '2020-03-13 00:56', 'https://www.reddit.com/r/CryptoCurrency/comments/fhpz8w/bitcoin_isnt_a_stock_there_is_no_need_to_sell/fkcoadt/', "If you think the price will drop in the immediate future and rise again later then why wouldn't you sell now and buy back in at a lower price?", 'fhpz8w'], ['u/genius3edition', 10, '2020-03-13 01:03', 'https://www.reddit.com/r/CryptoCurrency/comments/fhpz8w/bitcoin_isnt_a_stock_there_is_no_need_to_sell/fkcoy9d/', 'Good luck to them.', 'fhpz8w'], ['u/Toyake', 11, '2020-03-13 03:10', 'https://www.reddit.com/r/CryptoCurrency/comments/fhpz8w/bitcoin_isnt_a_stock_there_is_no_need_to_sell/fkd0h2p/', "Inflation is here, and bitcoin is on the wrong end of it. \n\nIf you wanted a deflationary currency, you'll want cash, the stuff people actually use and want in a recession.", 'fhpz8w']]], ['u/MoneyManIke', 'BTC "bank"run', 53, '2020-03-13 00:38', 'https://www.reddit.com/r/Buttcoin/comments/fhq1p5/btc_bankrun/', 'Just watched Bitcoin crash from $6k to $4k live. Looks like some exchanges will likely start banning withdrawls.', 'https://www.reddit.com/r/Buttcoin/comments/fhq1p5/btc_bankrun/', 'fhq1p5', [['u/MoneyManIke', 34, '2020-03-13 00:47', 'https://www.reddit.com/r/Buttcoin/comments/fhq1p5/btc_bankrun/fkcng9j/', 'Ayo this shit going to zero', 'fhq1p5'], ['u/3xist', 23, '2020-03-13 00:53', 'https://www.reddit.com/r/Buttcoin/comments/fhq1p5/btc_bankrun/fkcny72/', 'God I hope so. I really want to be part of the 21 million club so I have stories about scamcoins to tell the grandkids, but I really only like lighting a few dollars on fire at a time. Priorities, you know?', 'fhq1p5'], ['u/openfootinsertmouth', 41, '2020-03-13 01:28', 'https://www.reddit.com/r/Buttcoin/comments/fhq1p5/btc_bankrun/fkcr8fg/', "What the hell? I thought bitcoin was supposed to be a safe haven that everyone will run to when the markets dive. At least that's what the internet told me! I demand an explanation for this horse shit.", 'fhq1p5'], ['u/eigenman', 10, '2020-03-13 01:34', 'https://www.reddit.com/r/Buttcoin/comments/fhq1p5/btc_bankrun/fkcrqzz/', 'pffft, there will suddenly be a lot of hacked exchanges and missing or suddenly dead CEOs', 'fhq1p5'], ['u/hazdata', 11, '2020-03-13 03:29', 'https://www.reddit.com/r/Buttcoin/comments/fhq1p5/btc_bankrun/fkd26dv/', 'Lol the fact that exchanges can ban withdrawls for a thing that is supposed to lack authority through decentralization!\n\nI thought it was supposed to give me complete control of my money?!?!?', 'fhq1p5'], ['u/HopeFox', 11, '2020-03-13 07:40', 'https://www.reddit.com/r/Buttcoin/comments/fhq1p5/btc_bankrun/fkdjwaq/', "It won't go to zero. I'll buy it for $100.\n\nNot, like, per coin. All of it. $100. Take it or leave it.", 'fhq1p5']]], ['u/coinedge', "This is not a crypto-specific crash. It's a giant global margin call", 17, '2020-03-13 01:01', 'https://www.reddit.com/r/Bitcoin/comments/fhqeb9/this_is_not_a_cryptospecific_crash_its_a_giant/', "You're gonna start seeing those dormant 30k bitcoin wallets moving around to raise cash. This will be the biggest hodler test yet. Are you ready for $1k or even lower?", 'https://www.reddit.com/r/Bitcoin/comments/fhqeb9/this_is_not_a_cryptospecific_crash_its_a_giant/', 'fhqeb9', [['u/reddit3k', 12, '2020-03-13 01:22', 'https://www.reddit.com/r/Bitcoin/comments/fhqeb9/this_is_not_a_cryptospecific_crash_its_a_giant/fkcqp76/', 'The virus is not BS.\n\nIt\'s not "just a flu".\n\nSource: family, friends and colleagues in Italy and Germany.\n\nCurrently residing in a country that\'s edging towards a lock down my self.\n\nLook at the visualizations in /r/dataisbeautiful to see what happens if this thing gets hold.\n\nItaly went from 3 cases to 9200-ish yesterday in just 3 weeks.\n\nToday, 2500 additional cases were added. \n\nIt\'s not just the inherent danger of the virus, it\'s also the fact that it can easily overwhelm healthcare systems!\n\nUS has about 1200-1500 cases already. If you don\'t manage it within 2 days by a serious lock down attempt, tens of thousands of people will be seriously in trouble and likely end up dead.\n\n300 mln people in US\n\n40-70 % will catch the diseases according to estimates. So let\'s go with 50% for easy calculations\n\nThat\'s 150 mln people\n\n20 % require hospitalization, that\'s \n30 million hospital beds. 10% requires extensive care like breathing sorry.\n\nAre there already 15 million IC units fully equipped with staff and other means stand by?!??\n\nRead the stories here on Reddit from medical specialists in Italy that have to decide who can receive treatment and who can not.\n\nIt\'s chilling and a full on war effort that\'s going on.\n\nThe US is seriously lacking in policy and activity. Stopping planes is a drop in the bucket.', 'fhqeb9']]], ['u/AKchesterton', "What's the MGTOW view on this corona virus crisis??", 41, '2020-03-13 01:18', 'https://www.reddit.com/r/MGTOW/comments/fhqmh2/whats_the_mgtow_view_on_this_corona_virus_crisis/', "I mean the mortality rate is high but the media they are whipping up absolute hysteria, I went to the supermarket today, pandemonium. Everyone acting as if they're about to die, the situations not even that bad where I live at the moment.\n\nAnd for those incested in cryptocurrency or stocks more generally. Jesus fucking christ. The way the market has reacted you would think the end of the world had just been announced. Bitcoin heading towards 4k as I type this. Absolute madness.\n\nI really think this whole thing is overblown and fucking sheep are falling for it or am I going crazy??\n\nThis guy really echoes my thoughts: [https://www.youtube.com/watch?v=KzL6PgyTwnw](https://www.youtube.com/watch?v=KzL6PgyTwnw)", 'https://www.reddit.com/r/MGTOW/comments/fhqmh2/whats_the_mgtow_view_on_this_corona_virus_crisis/', 'fhqmh2', [['u/ClintonKilldepstein', 31, '2020-03-13 01:20', 'https://www.reddit.com/r/MGTOW/comments/fhqmh2/whats_the_mgtow_view_on_this_corona_virus_crisis/fkcqj73/', "I'm old enough that, if I were to be stricken with a thick, glue-like pneumonia in my lungs for more than a week, it would probably kill me.\nSo I'm staying in for a while and avoiding any unnecessary interactions with the public.", 'fhqmh2'], ['u/PrinceRaj53', 18, '2020-03-13 01:31', 'https://www.reddit.com/r/MGTOW/comments/fhqmh2/whats_the_mgtow_view_on_this_corona_virus_crisis/fkcrhrl/', 'Well as an Indian, I will have to say that there is more panicking and absolute chaos than actual viral attacks in my country.', 'fhqmh2'], ['u/roflcopt0rz_returns', 14, '2020-03-13 03:49', 'https://www.reddit.com/r/MGTOW/comments/fhqmh2/whats_the_mgtow_view_on_this_corona_virus_crisis/fkd3x48/', 'Take it seriously, but not "HOLY FUCKING SHIT THE WORLD IS ENDING" seriously like the media is whipping it up.\n\nStuff to do for example.\n\n\\- Wash your hands more thoroughly and a little more often than normal\n\n\\- Avoid touching your eyes, mouth, etc.\n\n\\- Avoid public areas with lots of people and avoid people who have been to places with severe corona cases (e.g. China) or traveling to thsoe places yourself. I would put off those concerts, vacations, etc.\n\n\\- Stock up on some non-perishable supplies\n\n\\- If you do get sick, call your doctor, this isn\'t something you want to just sleep off.\n\nStuff **NOT** to do\n\n\\- Wipe down literally everything with hand sanitizer and hand wipes\n\n\\- Avoid literally everyone\n\n\\- Wear gas masks everywhere you go\n\n\\- Buy 2 years worth of supplies\n\n\\- Punch people in the face because you\'re fighting over toilet paper at the supermarket\n\n\\- Sell off all your stocks\n\nCorona chan is more dangerous than the regular ol flu. Don\'t let anyone fool you. But panicking will do more harm than good. Honestly, the economy hitting a recession (if it does) is going to hurt you more than corona chan even if you actually get sick.\n\nBUT, the main reason why the democrats and mainstream media are overhyping corona chan is they\'re trying to pin this on Trump. Also with people panicking and the stock market collapsing, a crash is also going to make Trump look bad. Obviously Trump is not some benevolent god levitating in the air, but the democrats only care about corona chan because they want to use it for political gain. Honestly I bet very good money that the democrats WANT to see people die a... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
5200.37, 5392.31, 5014.48, 5225.63, 5238.44, 6191.19, 6198.78, 6185.07, 5830.25, 6416.31
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:** ['CoinDesk reporter Leigh Cuen is joined by VR meetup organizer Udi Wertheimer to talk about how bitcoin (BTC) fits into the broader cypherpunk movement. For daily insights and unique perspectives listen or subscribe to the CoinDesk Podcast Network with Apple Podcasts , Spotify , Pocketcasts , Google Podcasts , Castbox , Stitcher , RadioPublica , IHeartRadio or RSS . The cypherpunk movement has expanded far beyond the 2,000 people who subscribed to mailing lists in the 1990s. In 2018, Entrepreneur reported there are more than 8,000 posts on Bitcointalk every day, while Coinbase garnered millions of user accounts. Such experimental technology is no longer the realm of just a few thousand geeks. Related: \x91Anything That Can Be Decentralized Will Be Decentralized\x92 6 Years Later However, across the board, even in 2020 cypherpunk projects rarely exceed a few dozen regular contributors. For example, Exiledsurfer, an event organizer and hacker space co-founder from the Parallele Polis collective, said his space in Vienna was inspired by a collective in Prague that collects roughly $5,000 a month in cryptocurrency from members to share a venue. Likewise, the Vienna chapter accepts dues in DAI, monero and bitcoin, just to name a few. \x93We\x92re a crypto pure organization,\x94 Exiledsurfer said. \x93This will be an alternative asset class or, in a hundred years, there will by three guys in a garage in Topeka, Kansas, tweaking on a 2020 computer to keep the chain alive, just like people tweak on old cars.\x94 The cypherpunk movement appears to be growing, albeit slowly. \x93I still get people every week, young people and programmers who say they want to give their lives to this thing,\x94 cypherpunk icon Amir Taaki said, underscoring why he believes the movement will only succeed through groups with \x93structured\x94 training methods. Related: What Happens When Currencies Fail? Feat. Preston Pysh \x93There\x92s a yearning need for this\x85we can build our own financial networks outside of the control of the state,\x94 Taaki said of the academy he plans to launch in Barcelona. Story continues \x93How do all of these pieces that we\x92re working on fit together to serve a higher goal? What\x92s our narrative?\x94 Taaki said. Yet, even as a cypherpunk technology aficionado, Wertheimer disagrees with such collectivist views of \x93our\x94 narrative or \x93pure\x94 projects. \x93I don\x92t think we need bitcoin evangelists,\x94 Wertheimer said. We\x92ll talk about why he views the ideological movement as divorced from user groups that may now utilize cypherpunk technology. Want more? Read my article about how bitcoin compares to the early days of the internet. For daily insights and unique perspectives listen or subscribe to the CoinDesk Podcast Network with Apple Podcasts , Spotify , Pocketcasts , Google Podcasts , Castbox , Stitcher , RadioPublica , IHeartRadio or RSS . Related Stories 6 Good Reasons for Bitcoin HODLers to Stay Calm Ben Hunt on Markets and Narratives in the Age of Coronavirus', 'CoinDesk reporter Leigh Cuen is joined byVR meetup organizerUdi Wertheimer to talk about howbitcoin(BTC) fits into the broader cypherpunk movement.\nFor daily insights and unique perspectives listen or subscribe to the CoinDesk Podcast Network withApple Podcasts,Spotify,Pocketcasts,Google Podcasts,Castbox,Stitcher,RadioPublica,IHeartRadioorRSS.\nThe cypherpunk movement has expanded far beyond the 2,000 people who subscribed tomailing listsin the 1990s. In 2018,Entrepreneurreported there are more than 8,000 posts on Bitcointalk every day, whileCoinbasegarnered millions of user accounts. Such experimental technology is no longer the realm of just a few thousand geeks.\nRelated:‘Anything That Can Be Decentralized Will Be Decentralized’ 6 Years Later\nHowever, across the board, even in 2020 cypherpunk projects rarely exceed a few dozen regular contributors. For example, Exiledsurfer, an event organizer and hacker space co-founder from theParallele Poliscollective, said his space in Vienna was inspired by a collective in Prague that collects roughly $5,000 a month in cryptocurrency from members to share a venue. Likewise, the Vienna chapter accepts dues in DAI, monero and bitcoin, just to name a few.\n“We’re a crypto pure organization,” Exiledsurfer said. “This will be an alternative asset class or, in a hundred years, there will by three guys in a garage in Topeka, Kansas, tweaking on a 2020 computer to keep the chain alive, just like people tweak on old cars.”\nThe cypherpunk movement appears to be growing, albeit slowly.\n“I still get people every week, young people and programmers who say they want to give their lives to this thing,” cypherpunk icon Amir Taaki said, underscoring why he believes the movement will only succeed through groups with “structured” training methods.\nRelated:What Happens When Currencies Fail? Feat. Preston Pysh\n“There’s a yearning need for this…we can build our own financial networks outside of the control of the state,” Taaki said of the academy he plans to launch in Barcelona.\n“How do all of these pieces that we’re working on fit together to serve a higher goal? What’s our narrative?” Taaki said.\nYet, even as a cypherpunk technology aficionado, Wertheimer disagrees with such collectivist views of “our” narrative or “pure” projects.\n“I don’t think we need bitcoin evangelists,” Wertheimer said. We’ll talk about why he views the ideological movement as divorced from user groups that may now utilize cypherpunk technology.\nWant more? Read myarticleabout how bitcoin compares to the early days of the internet.\nFor daily insights and unique perspectives listen or subscribe to the CoinDesk Podcast Network withApple Podcasts,Spotify,Pocketcasts,Google Podcasts,Castbox,Stitcher,RadioPublica,IHeartRadioorRSS.\n• 6 Good Reasons for Bitcoin HODLers to Stay Calm\n• Ben Hunt on Markets and Narratives in the Age of Coronavirus', 'CoinDesk reporter Leigh Cuen is joined byVR meetup organizerUdi Wertheimer to talk about howbitcoin(BTC) fits into the broader cypherpunk movement.\nFor daily insights and unique perspectives listen or subscribe to the CoinDesk Podcast Network withApple Podcasts,Spotify,Pocketcasts,Google Podcasts,Castbox,Stitcher,RadioPublica,IHeartRadioorRSS.\nThe cypherpunk movement has expanded far beyond the 2,000 people who subscribed tomailing listsin the 1990s. In 2018,Entrepreneurreported there are more than 8,000 posts on Bitcointalk every day, whileCoinbasegarnered millions of user accounts. Such experimental technology is no longer the realm of just a few thousand geeks.\nRelated:‘Anything That Can Be Decentralized Will Be Decentralized’ 6 Years Later\nHowever, across the board, even in 2020 cypherpunk projects rarely exceed a few dozen regular contributors. For example, Exiledsurfer, an event organizer and hacker space co-founder from theParallele Poliscollective, said his space in Vienna was inspired by a collective in Prague that collects roughly $5,000 a month in cryptocurrency from members to share a venue. Likewise, the Vienna chapter accepts dues in DAI, monero and bitcoin, just to name a few.\n“We’re a crypto pure organization,” Exiledsurfer said. “This will be an alternative asset class or, in a hundred years, there will by three guys in a garage in Topeka, Kansas, tweaking on a 2020 computer to keep the chain alive, just like people tweak on old cars.”\nThe cypherpunk movement appears to be growing, albeit slowly.\n“I still get people every week, young people and programmers who say they want to give their lives to this thing,” cypherpunk icon Amir Taaki said, underscoring why he believes the movement will only succeed through groups with “structured” training methods.\nRelated:What Happens When Currencies Fail? Feat. Preston Pysh\n“There’s a yearning need for this…we can build our own financial networks outside of the control of the state,” Taaki said of the academy he plans to launch in Barcelona.\n“How do all of these pieces that we’re working on fit together to serve a higher goal? What’s our narrative?” Taaki said.\nYet, even as a cypherpunk technology aficionado, Wertheimer disagrees with such collectivist views of “our” narrative or “pure” projects.\n“I don’t think we need bitcoin evangelists,” Wertheimer said. We’ll talk about why he views the ideological movement as divorced from user groups that may now utilize cypherpunk technology.\nWant more? Read myarticleabout how bitcoin compares to the early days of the internet.\nFor daily insights and unique perspectives listen or subscribe to the CoinDesk Podcast Network withApple Podcasts,Spotify,Pocketcasts,Google Podcasts,Castbox,Stitcher,RadioPublica,IHeartRadioorRSS.\n• 6 Good Reasons for Bitcoin HODLers to Stay Calm\n• Ben Hunt on Markets and Narratives in the Age of Coronavirus', 'Coinbase registered yearly record-breaking volumes on Thursday and Friday amid a market sell-off in crypto. On Thursday, the volume on the San Francisco-based exchange surpassed $1.1B, a 280% increase from the prior day. Yesterday’s volume surpassed $1.5B, a record high for the year of 2020 for the exchange.\nSource: CryptoCompare\nCoinbase recentlyrolledout bitcoin batching on its platform. The feature allows batching multiple transactions into one, and therefore, helps reduce the load on the Bitcoin network.', 'Coinbase registered yearly record-breaking volumes on Thursday and Friday amid a market sell-off in crypto. On Thursday, the volume on the San Francisco-based exchange surpassed $1.1B, a 280% increase from the prior day. Yesterday’s volume surpassed $1.5B, a record high for the year of 2020 for the exchange. Source: CryptoCompare Coinbase recently rolled out bitcoin batching on its platform. The feature allows batching multiple transactions into one, and therefore, helps reduce the load on the Bitcoin network.', "Bitcoin Falls 10% In Bearish Trade Investing.com - Bitcoin was trading at $5,094.3 by 19:20 (23:20 GMT) on the Investing. **Last 60 Days of Bitcoin's Closing Prices:** [8827.76, 8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46, 8599.51, 8562.45, 8869.67, 8787.79, 8755.25, 9078.76, 9122.55, 8909.95, 8108.12, 7923.64, 7909.73, 7911.43, 4970.79, 5563.71] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-03-14 **Financial & Commodity Data:** - Gold Closing Price: $1515.70 - Crude Oil Closing Price: $31.73 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $99,131,392,200 - Hash Rate: 105324840.13761 - Transaction Count: 279828.0 - Unique Addresses: 517382.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.08 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: (Bloomberg Opinion) -- Bitcoin is back, sort of. The original cryptocurrency hasn’t regained the lofty highs of its bubble peak in late 2017, but it has climbed back up to about $10,000: Predictions that Bitcoin would collapse have not borne fruit. Despite its bubbles and crashes, the cryptocurrency is now a semi-permanent feature of the global financial landscape. What it is not, however, is a generally accepted currency. Although many retailers now accept Bitcoin, the overwhelming majority of day-to-day payments are done in regular old fiat currency. The mere fact that the dollar price of Bitcoin remains an important metric indicates that Bitcoin’s central value is as a speculative asset, rather than its usefulness as a medium of exchange. It’s fairly obvious why. Because of Bitcoin’s price volatility, people don’t want to hang onto it for very long. No one wants to get their paycheck only to find that it has halved in value by the time it comes to buy groceries. Also, optimists who think Bitcoin’s value will continue to go up on average over time will be reluctant to part with it in exchange for something ephemeral like a pizza; better to hang onto the BTC and buy pizza with depreciating dollars instead. (Disclosure: I still own a small amount of Bitcoin.) In fact, these two reasons are just different sides of the same coin: Basic finance theory says that in a reasonably efficient market, high expected returns come at the expense of high volatility. An asset like Bitcoin, or the U.S. dollar, can be a good investment or can be good for buying stuff, but unless the economy is deeply dysfunctional, it can’t be both. Some economists, however, are thinking about how this situation might change, and whether Bitcoin — or some alternative cryptocurrency — might actually replace fiat money as the standard means of payment. This has big policy implications, because if it did become real money, cryptocurrency could interfere with central banks’ ability to manage the economy and the price level. It also matters for crypto investors’ wallets. One possibility is that nothing needs to be done, and eventually Bitcoin will settle into a new low-volatility equilibrium, making it more suitable as a means of payment. Economists Michael Choi and Guillaume Rocheteau have made a model in which this happens. The problem is that the model sees Bitcoin competing with other commodity-like forms of money, such as gold or other cryptocurrencies. Their result relies on the idea that liquid assets will always be in short supply. In reality, Bitcoin is competing against fiat currencies that can be produced more or less costlessly. A more plausible prediction comes from economists Jonathan Chiu and Thorsten Koeppl. Like other economists who have theorized about Bitcoin, they view cryptocurrency’s fundamental challenge as that of preventing double-spending — in other words, verifying electronically that someone really has the money when they make a payment. This issue of digital trust, after all, is the problem Bitcoin was designed to solve. Chiu and Koeppl suggest that to become useful as a form of money, a cryptocurrency should be inflationary. The people who verify Bitcoin transactions, called miners, are now compensated for their usage of computing power by being awarded new Bitcoins, but the rewards are decreasing over time. One of the basic ideas of Bitcoin, which stems partly from the hard-money beliefs of its creators, is that the cryptocurrency should be deflationary — that its supply should be limited, and its value should increase over time due to increasing scarcity. This means that eventually, miners will have to be rewarded with transaction fees instead of new Bitcoins. Chiu and Koeppl say this is a bad idea. Transaction fees, they note, are levied on a small population — that is, whoever is doing the transaction. To make it worth the miners’ while, the fees must be very high, which discourages people from transacting in Bitcoin. If miners are instead paid with inflation, the cost gets spread out among everyone who owns Bitcoin. Also, transaction fees make a double-spending attack more potentially lucrative, because creating a fake transaction would also save money on the fee. Thus, they recommend sticking with the inflation method of payment, and letting cryptocurrency depreciate over time like the U.S. dollar does. This could be exactly what cryptocurrency needs in order to turn into real money. Negative expected returns — essentially, a low and stable inflation target — would make Bitcoin less attractive as a long-term investment. Instead of hoarding it, people would be fine getting rid of it in exchange for pizza. The currency’s value might then stabilize, as speculation decreased. Abandoning the dream of deflationary digital gold might be hard for Bitcoin’s adherents to accept. But other cryptocurrencies, such as ZCash, Monero, Dash or Facebook Inc.’s Libra might step in to fill the gap. Of course, they would still have to overcome the technical problem of being able to handle large transaction volumes as cheaply and easily as a credit card company, but Chiu and Koeppl are confident that this is possible. So ironically, cryptocurrency might only become a currency if it acts more like the U.S. dollar, with a low but predictable inflation target. To contact the author of this story: Noah Smith at [email protected] To contact the editor responsible for this story: Stacey Shick at [email protected] This column does not necessarily reflect the opinion of Bloomberg LP and its owners. Noah Smith is a Bloomberg Opinion columnist. He was an assistant professor of finance at Stony Brook University, and he blogs at Noahpinion. For more articles like this, please visit us atbloomberg.com/opinion Subscribe nowto stay ahead with the most trusted business news source. ©2020 Bloomberg L.P.... - Reddit Posts (Sample): [['u/PolCompBot', 'PolCompBot 0.3.0 Coronavirus Update', 20, '2020-03-14 00:10', 'https://www.reddit.com/r/PoliticalCompassMemes/comments/fi8rzk/polcompbot_030_coronavirus_update/', "Hello guys! PolCompBot here! I've made some vital updates to my code in the first major update since release. Here are some things which are updated:\n\n**Changelog:**\n\n* Fixed bug where polcompbot wouldn't work if you were replying to polcompbot\n\n* You can now check polcompbot's political stuff\n\n* Instead of just asking for donations, bot now offers free money as well through STONKS\n\n* Fixed some other bugs\n\n* Didn't add anything to subreddit list because meh, post what you want added and I'll add them in 0.3.1\n\n* ur gay\n\n* Removed Herobrine\n\n* this is a really lame changelog isn't it\n\n* Bot now has 50% less coronavirus\n\n\n\nBTC: bc1qftuxvdwql57y2w5c9pxvwfqakpevnrs6krjkd5\n\nthanks dad, till next time", 'https://www.reddit.com/r/PoliticalCompassMemes/comments/fi8rzk/polcompbot_030_coronavirus_update/', 'fi8rzk', [['u/PolCompBot', 10, '2020-03-14 00:10', 'https://www.reddit.com/r/PoliticalCompassMemes/comments/fi8rzk/polcompbot_030_coronavirus_update/fkfruwv/', "also libright if you guys send me enough bitcoin i'll switch my flair xd", 'fi8rzk']]], ['u/MemoryDealers', 'Bitcoin Core deserves to be slammed', 34, '2020-03-14 00:47', 'https://www.reddit.com/r/btc/comments/fi9bkf/bitcoin_core_deserves_to_be_slammed/', 'For their lying, cheating, stealing, censorship and idiotic economic and business policies that delayed the world wide adoption of crypto by at least half a decade!', 'https://www.reddit.com/r/btc/comments/fi9bkf/bitcoin_core_deserves_to_be_slammed/', 'fi9bkf', [['u/MemoryDealers', 20, '2020-03-14 00:48', 'https://www.reddit.com/r/btc/comments/fi9bkf/bitcoin_core_deserves_to_be_slammed/fkfv5ir/', 'And I think that other post saying not to slam core is being vote manipulated too.', 'fi9bkf'], ['u/wisequote', 11, '2020-03-14 01:29', 'https://www.reddit.com/r/btc/comments/fi9bkf/bitcoin_core_deserves_to_be_slammed/fkfytrc/', 'The market will always take a critical path to the most vanilla Bitcoin.\n\nRest assured.', 'fi9bkf'], ['u/tralxz', 15, '2020-03-14 02:03', 'https://www.reddit.com/r/btc/comments/fi9bkf/bitcoin_core_deserves_to_be_slammed/fkg1phy/', 'Absolutely. They blatantly lied, attacked others and pushed nonsensical store of value narrative. They deserve to be ridiculed so no newbies take BTC maxi ideas seriously anymore.', 'fi9bkf'], ['u/jonald_fyookball', 13, '2020-03-14 02:34', 'https://www.reddit.com/r/btc/comments/fi9bkf/bitcoin_core_deserves_to_be_slammed/fkg4e0j/', 'Yep. Look at all the stooges that signed off on this trainwreck... foolishly (or maliciously) pinning their hopes on the red herring Lightning Network instead of just continuing to allow the blockchain to do its thing.\n\nhttps://bitcoin.org/en/bitcoin-core/capacity-increases', 'fi9bkf'], ['u/nachodono', 14, '2020-03-14 07:41', 'https://www.reddit.com/r/btc/comments/fi9bkf/bitcoin_core_deserves_to_be_slammed/fkgpbwi/', 'Biggest scumbag losers in crypto', 'fi9bkf'], ['u/MemoryDealers', 10, '2020-03-14 08:11', 'https://www.reddit.com/r/btc/comments/fi9bkf/bitcoin_core_deserves_to_be_slammed/fkgqs55/', "Yes, i'm very serious.", 'fi9bkf']]], ['u/jonald_fyookball', 'The actual use case for BTC', 51, '2020-03-14 01:19', 'https://www.reddit.com/r/btc/comments/fi9rr8/the_actual_use_case_for_btc/', 'Placeholder for SHA-256 hash security for when BCH reaches critical mass.', 'https://www.reddit.com/r/btc/comments/fi9rr8/the_actual_use_case_for_btc/', 'fi9rr8', [['u/tralxz', 10, '2020-03-14 01:53', 'https://www.reddit.com/r/btc/comments/fi9rr8/the_actual_use_case_for_btc/fkg0uw8/', 'Yeah, sounds about right! :)', 'fi9rr8'], ['u/emergent_reasons', 12, '2020-03-14 05:30', 'https://www.reddit.com/r/btc/comments/fi9rr8/the_actual_use_case_for_btc/fkghvz3/', 'Real talk: it\'s marketing. Look at gemini, blockstream and others "building" on it - they just use some other payment network and bolt "Bitcoin" onto it. They are incentivized for BTC never to scale and disrupt their business.', 'fi9rr8'], ['u/NilacTheGrim', 11, '2020-03-14 06:08', 'https://www.reddit.com/r/btc/comments/fi9rr8/the_actual_use_case_for_btc/fkgkb30/', 'Lol :)', 'fi9rr8']]], ['u/bobgravity1', 'the irony i see in bitcoin', 408, '2020-03-14 02:12', 'https://www.reddit.com/r/Bitcoin/comments/fiaije/the_irony_i_see_in_bitcoin/', 'the shitty part about this community from what i have seen so far is people hope for mass adoption one day or at least for more people to become apart of the community... yet when I or other newbies ask basic questions we get destroyed. bought my first 50 worth of BTC today and asked a basic question about fees and why my portfolio was already negative despite buying at a lower price than current price and this dickhead was just like "this isn\'t meant for you"\n\n\nim here posting this partly to rant but also to plead with you all during this time to chill the fuck out and be more welcoming to newbies like me... its pretty ironic because you will have an a effect on the future of BTC more than you think by being a pompous asshole\n\nshoutout to the real heads that have been helping me out. happy to have bought in and i made a vow to become more educated on these topics... like jeez sorry i wanted to buy in now when its low before i knew that much. i still know enough to understand the fundamental concepts', 'https://www.reddit.com/r/Bitcoin/comments/fiaije/the_irony_i_see_in_bitcoin/', 'fiaije', [['u/investotron3000', 54, '2020-03-14 02:16', 'https://www.reddit.com/r/Bitcoin/comments/fiaije/the_irony_i_see_in_bitcoin/fkg2w2w/', "You just met one bad apple out of the bunch, please don't think we're all like that, congratulations on your first purchase and do not be afraid to ask any questions, we all started in your position once. Welcome to the Party!", 'fiaije'], ['u/bitusher', 141, '2020-03-14 03:36', 'https://www.reddit.com/r/Bitcoin/comments/fiaije/the_irony_i_see_in_bitcoin/fkg9gzm/', 'Check out r/bitcoinbeginners\n\nAlso be aware bitcoin subreddits are filled with haters and trolls attacking bitcoin and creating drama so dont let these people get you down', 'fiaije'], ['u/Supreme-Weiner', 31, '2020-03-14 04:03', 'https://www.reddit.com/r/Bitcoin/comments/fiaije/the_irony_i_see_in_bitcoin/fkgbkcx/', 'The positivity of bitcoin does not negate the negativity of reddit. lol', 'fiaije'], ['u/GapeJelly', 11, '2020-03-14 04:10', 'https://www.reddit.com/r/Bitcoin/comments/fiaije/the_irony_i_see_in_bitcoin/fkgc3lr/', "Keep in mind r/bitcoin is not 'bitcoin.' This is just one subset of the bitcoin population. Yes there are trolls and haters and people get annoyed seeing the same questions over and over, but overall most people here are willing to answer questions since new users are needed in the space. Welcome to the party, ask away.", 'fiaije'], ['u/GoatsePoster', 29, '2020-03-14 04:16', 'https://www.reddit.com/r/Bitcoin/comments/fiaije/the_irony_i_see_in_bitcoin/fkgcjye/', "old-timer here. someone asked a question about wallets in a comment. I recommended Electrum and linked to it at https://electrum.org, and got downvoted. _shrug_ okay. you're right that we're not all like that, but a _certain kind of person_ seems to materialize here during times of high market activity... I empathize with the OP and wish it weren't so.", 'fiaije'], ['u/markyspread', 13, '2020-03-14 09:54', 'https://www.reddit.com/r/Bitcoin/comments/fiaije/the_irony_i_see_in_bitcoin/fkgvbpe/', '&gt;Also be aware bitcoin subreddits are filled with haters and trolls attacking bitcoin and creating drama so dont let these people get you down\n\nAlso be aware bitcoin subreddits are filled with haters and trolls attacking bitcoin and creating drama so dont let these people get you down\n\nYou mean reddit in general, i think things like bitcoin are not suited to a liberal forum, \n\nbitcoin is for forward thinking people', 'fiaije'], ['u/biglanded', 29, '2020-03-14 11:22', 'https://www.reddit.com/r/Bitcoin/comments/fiaije/the_irony_i_see_in_bitcoin/fkgz0kj/', 'the early days leading up to 2017 or so it was very inclusive.\n\nas the focus switched from being attracted to the philosophy of bitcoin and trustless transactions, to getting paid and profits, we have accumulated a lot of unsavory profiteers.\n\nalthough these people have their circle of "friends" i\'m sure, the profiteer is generally an intolerable and despicable person.\n\nit\'s bad enough in rl, on the internet you learn to navigate around them.\n\ndont let it deteur you.. keep learning.', 'fiaije']]], ['u/AutoModerator', '[Daily Discussion] Saturday, March 14, 2020', 47, '2020-03-14 05:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/ficqmi/daily_discussion_saturday_march_14_2020/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas &amp; 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**Other ways to interact:**\n\n* [Get an invite](https://join.slack.com/t/reddit-bitcoinmarkets/shared_invite/enQtNjM1NTg3ODgwODUzLTQ2NjZjYjYxMWExZmZmMWY0MDNlN2JlM2RhZmM0NWY1YzY1MDlkOTMyNWFjNTZjYTg1ZDM2YmEwMWRkZjIwYjM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)\n* Set your flair to trade pretend money in [the Flair Game](https://coinsight.org/flairgame)\n* Weekly threads: [Newbie Mondays](http://www.reddit.com/r/BitcoinMarkets/search?q=newbie+monday&amp;sort=new&amp;restrict_sr=on&amp;t=all) and [Fundamentals Fridays](http://www.reddit.com/r/BitcoinMarkets/search?q=fundamentals+friday&amp;sort=new&amp;restrict_sr=on&amp;t=all)\n* Altcoins Discussion: [Altcoin Discussion](http://www.reddit.com/r/BitcoinMarkets/search?q=altcoin+discussion&amp;sort=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.
5392.31, 5014.48, 5225.63, 5238.44, 6191.19, 6198.78, 6185.07, 5830.25, 6416.31, 6734.80
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:** ["Investing.com - Ethereum fell bellow the $123.01 level on Sunday. Ethereum was trading at 123.01 by 03:08 (07:08 GMT) on the Investing.com Index, down 6.23% on the day. It was the largest one-day percentage loss since March 14.\nThe move downwards pushed Ethereum's market cap down to $13.70B, or 0.00% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $135.58B.\nEthereum had traded in a range of $120.93 to $124.10 in the previous twenty-four hours.\nOver the past seven days, Ethereum has seen a drop in value, as it lost 46.22%. The volume of Ethereum traded in the twenty-four hours to time of writing was $12.20B or 0.00% of the total volume of all cryptocurrencies. It has traded in a range of $88.5038 to $208.2272 in the past 7 days.\nAt its current price, Ethereum is still down 91.36% from its all-time high of $1,423.20 set on January 13, 2018.\nBitcoin was last at $5,272.1 on the Investing.com Index, down 3.00% on the day.\nXRP was trading at $0.15036 on the Investing.com Index, a loss of 3.58%.\nBitcoin's market cap was last at $97.11B or 0.00% of the total cryptocurrency market cap, while XRP's market cap totaled $6.67B or 0.00% of the total cryptocurrency market value.\nRelated Articles\nJeffrey Wernick on Cointelegraph China Focus\nCanaan Sued Over Alleged ‘Fake’ Deal, Stock Sees Historic Low\nBinance to Launch Fiat Support in South Africa, Donate $1M to Blockchain Education", "Ethereum Dips Below 123.01 Level, Down 6% Investing.com - Ethereum fell bellow the $123.01 level on Sunday. Ethereum was trading at 123.01 by 03:08 (07:08 GMT) on the Investing.com Index, down 6.23% on the day. It was the largest one-day percentage loss since March 14. The move downwards pushed Ethereum's market cap down to $13.70B, or 0.00% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $135.58B. Ethereum had traded in a range of $120.93 to $124.10 in the previous twenty-four hours. Over the past seven days, Ethereum has seen a drop in value, as it lost 46.22%. The volume of Ethereum traded in the twenty-four hours to time of writing was $12.20B or 0.00% of the total volume of all cryptocurrencies. It has traded in a range of $88.5038 to $208.2272 in the past 7 days. At its current price, Ethereum is still down 91.36% from its all-time high of $1,423.20 set on January 13, 2018. Elsewhere in cryptocurrency trading Bitcoin was last at $5,272.1 on the Investing.com Index, down 3.00% on the day. XRP was trading at $0.15036 on the Investing.com Index, a loss of 3.58%. Bitcoin's market cap was last at $97.11B or 0.00% of the total cryptocurrency market cap, while XRP's market cap totaled $6.67B or 0.00% of the total cryptocurrency market value. Related Articles Jeffrey Wernick on Cointelegraph China Focus Canaan Sued Over Alleged \x91Fake\x92 Deal, Stock Sees Historic Low Binance to Launch Fiat Support in South Africa, Donate $1M to Blockchain Education", "Investing.com - Bitcoin fell bellow the $5,321.9 level on Sunday. Bitcoin was trading at 5,321.9 by 13:09 (17:09 GMT) on the Investing.com Index, down 1.30% on the day. It was the largest one-day percentage loss since March 14.\nThe move downwards pushed Bitcoin's market cap down to $97.6B, or 0.00% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $241.2B.\nBitcoin had traded in a range of $5,120.6 to $5,573.2 in the previous twenty-four hours.\nOver the past seven days, Bitcoin has seen a drop in value, as it lost 36.95%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $30.8B or 0.00% of the total volume of all cryptocurrencies. It has traded in a range of $3,869.4661 to $8,158.8013 in the past 7 days.\nAt its current price, Bitcoin is still down 73.22% from its all-time high of $19,870.62 set on December 17, 2017.\nEthereum was last at $124.66 on the Investing.com Index, down 2.80% on the day.\nXRP was trading at $0.15319 on the Investing.com Index, a gain of 0.36%.\nEthereum's market cap was last at $13.8B or 0.00% of the total cryptocurrency market cap, while XRP's market cap totaled $6.7B or 0.00% of the total cryptocurrency market value.\nRelated Articles\nTop 5 Cryptos This Week (Mar 15): LEO, XLM, ETC, XRP, HT\n‘CovidLock’ Exploits Coronavirus Fears With Bitcoin Ransomware\nCardano Dips Below 0.026702 Level, Down 2%", "Investing.com - Bitcoin fell bellow the $5,321.9 level on Sunday. Bitcoin was trading at 5,321.9 by 13:09 (17:09 GMT) on the Investing.com Index, down 1.30% on the day. It was the largest one-day percentage loss since March 14.\nThe move downwards pushed Bitcoin's market cap down to $97.6B, or 0.00% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $241.2B.\nBitcoin had traded in a range of $5,120.6 to $5,573.2 in the previous twenty-four hours.\nOver the past seven days, Bitcoin has seen a drop in value, as it lost 36.95%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $30.8B or 0.00% of the total volume of all cryptocurrencies. It has traded in a range of $3,869.4661 to $8,158.8013 in the past 7 days.\nAt its current price, Bitcoin is still down 73.22% from its all-time high of $19,870.62 set on December 17, 2017.\nEthereum was last at $124.66 on the Investing.com Index, down 2.80% on the day.\nXRP was trading at $0.15319 on the Investing.com Index, a gain of 0.36%.\nEthereum's market cap was last at $13.8B or 0.00% of the total cryptocurrency market cap, while XRP's market cap totaled $6.7B or 0.00% of the total cryptocurrency market value.\nRelated Articles\nTop 5 Cryptos This Week (Mar 15): LEO, XLM, ETC, XRP, HT\n‘CovidLock’ Exploits Coronavirus Fears With Bitcoin Ransomware\nCardano Dips Below 0.026702 Level, Down 2%", "Bitcoin Dips Below 5,321.9 Level, Down 1% Investing.com - Bitcoin fell bellow the $5,321.9 level on Sunday. Bitcoin was trading at 5,321.9 by 13:09 (17:09 GMT) on the Investing.com Index, down 1.30% on the day. It was the largest one-day percentage loss since March 14. The move downwards pushed Bitcoin's market cap down to $97.6B, or 0.00% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $241.2B. Bitcoin had traded in a range of $5,120.6 to $5,573.2 in the previous twenty-four hours. Over the past seven days, Bitcoin has seen a drop in value, as it lost 36.95%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $30.8B or 0.00% of the total volume of all cryptocurrencies. It has traded in a range of $3,869.4661 to $8,158.8013 in the past 7 days. At its current price, Bitcoin is still down 73.22% from its all-time high of $19,870.62 set on December 17, 2017. Elsewhere in cryptocurrency trading Ethereum was last at $124.66 on the Investing.com Index, down 2.80% on the day. XRP was trading at $0.15319 on the Investing.com Index, a gain of 0.36%. Ethereum's market cap was last at $13.8B or 0.00% of the total cryptocurrency market cap, while XRP's market cap totaled $6.7B or 0.00% of the total cryptocurrency market value. Related Articles Top 5 Cryptos This Week (Mar 15): LEO, XLM, ETC, XRP, HT \x91CovidLock\x92 Exploits Coronavirus Fears With Bitcoin Ransomware Cardano Dips Below 0.026702 Level, Down 2%"]... **Last 60 Days of Bitcoin's Closing Prices:** [8807.01, 8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46, 8599.51, 8562.45, 8869.67, 8787.79, 8755.25, 9078.76, 9122.55, 8909.95, 8108.12, 7923.64, 7909.73, 7911.43, 4970.79, 5563.71, 5200.37] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-03-15 **Financial & Commodity Data:** - Gold Closing Price: $1515.70 - Crude Oil Closing Price: $31.73 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $99,131,392,200 - Hash Rate: 105324840.13761 - Transaction Count: 279828.0 - Unique Addresses: 517382.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.12 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Boeing Co. (NYSE: BA ) must fix electrical wiring issues inside its grounded 737 MAX planes before they are cleared to fly by the FAA. What Happened In another setback for Boeing, the Federal Aviation Administration (FAA) concluded that the wiring layout of the 737 Max violates wiring-safety standards aimed at preventing short-circuits, according to The Wall Street Journal. The aviation regulator decided that “under extreme circumstances,” the failure of the wiring could lead the 737 MAX flight control systems to point the plane’s nose sharply downwards in the same manner as the two MAX Jets that crashed in the past and killed 346 people. Official confirmation has not been made by FAA Administrator Steve Dickson, but the regulator’s safety and certification officials have been told by technical experts at the FAA that changes are required in the wiring locations. Why It Matters In late February, Boeing had discovered foreign object debris in some of the grounded MAX’s fuel tanks. Wiring changes could delay 737 MAX’s returns to the skies by several weeks reported the Journal citing sources. Boeing had planned to return the 737 Max back to service by mid-June. This is a test of new Boeing CEO Dave Calhoun’s ability to steer the company out of the crisis caused by the fatal crashes that led to the grounding of these aircraft. Calhoun has taken a more conciliatory stand with respect to the FAA. What Else Is There In a boost for Boeing last month, Japanese airline group ANA Holdings Inc. announced the purchase of 20 additional 787 Dreamliners valued at more than $5 billion at list prices. Price Action Boeing shares traded 1.27% lower at $259 in the after-hours session on Friday. The shares had closed the regular session 0.75% higher at $262.33. See more from Benzinga Bill Gates Foundation To Fund Coronavirus Testing Kits In Seattle, Aims At Checking Spread Of Disease In The Region Lipper Award Winners Pick Healthcare and Technology Stocks Amidst Coronavirus Downturn Bitcoin Mining Equipment Company Canaan Sued By Investor Alleging Securities Law Violations © 2020 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.
5014.48, 5225.63, 5238.44, 6191.19, 6198.78, 6185.07, 5830.25, 6416.31, 6734.80, 6681.06
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:** ["Investing.com - Ethereum was trading at $111.18 by 02:07 (06:07 GMT) on the Investing.com Index on Monday, down 10.36% on the day. It was the largest one-day percentage loss since March 16.\nThe move downwards pushed Ethereum's market cap down to $12.63B, or 0.00% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $135.58B.\nEthereum had traded in a range of $111.18 to $124.38 in the previous twenty-four hours.\nOver the past seven days, Ethereum has seen a drop in value, as it lost 43.84%. The volume of Ethereum traded in the twenty-four hours to time of writing was $12.40B or 0.00% of the total volume of all cryptocurrencies. It has traded in a range of $88.5038 to $205.6185 in the past 7 days.\nAt its current price, Ethereum is still down 92.19% from its all-time high of $1,423.20 set on January 13, 2018.\nBitcoin was last at $4,959.2 on the Investing.com Index, down 5.94% on the day.\nXRP was trading at $0.14145 on the Investing.com Index, a loss of 6.05%.\nBitcoin's market cap was last at $92.85B or 0.00% of the total cryptocurrency market cap, while XRP's market cap totaled $6.40B or 0.00% of the total cryptocurrency market value.\nRelated Articles\nBinance.US Will List Tezos Token for Trading on March 16th\nCoinbase Launches BTC Transaction Batching, Saving Users 50% on Fees\nCanaan Sued Over Alleged ‘Fake’ Deal, Stock Sees Historic Low", "Investing.com - Ethereum was trading at $111.18 by 02:07 (06:07 GMT) on the Investing.com Index on Monday, down 10.36% on the day. It was the largest one-day percentage loss since March 16. The move downwards pushed Ethereum's market cap down to $12.63B, or 0.00% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $135.58B. Ethereum had traded in a range of $111.18 to $124.38 in the previous twenty-four hours. Over the past seven days, Ethereum has seen a drop in value, as it lost 43.84%. The volume of Ethereum traded in the twenty-four hours to time of writing was $12.40B or 0.00% of the total volume of all cryptocurrencies. It has traded in a range of $88.5038 to $205.6185 in the past 7 days. At its current price, Ethereum is still down 92.19% from its all-time high of $1,423.20 set on January 13, 2018. Elsewhere in cryptocurrency trading Bitcoin was last at $4,959.2 on the Investing.com Index, down 5.94% on the day. XRP was trading at $0.14145 on the Investing.com Index, a loss of 6.05%. Bitcoin's market cap was last at $92.85B or 0.00% of the total cryptocurrency market cap, while XRP's market cap totaled $6.40B or 0.00% of the total cryptocurrency market value. Related Articles Binance.US Will List Tezos Token for Trading on March 16th Coinbase Launches BTC Transaction Batching, Saving Users 50% on Fees Canaan Sued Over Alleged \x91Fake\x92 Deal, Stock Sees Historic Low", 'Bitcoin’s price crash last week has cast a shadow overminingfirms, which have spent over half a billion dollars overhauling equipment over the last six months in preparation for the network’s next so-calledhalving.\nLargebitcoin(BTC) mining farm operators in three countries told CoinDesk they’ve been on a buying spree to upgrade or expand facilities since September, reflecting a shared commitment to staying in the mining game for the long haul.\nIn May, the amount of freshly minted bitcoin awarded to a successful miner every 10 minutes or so will be programmatically split in half, hitting these firms’ top line. Since older equipment is becoming unprofitable even before the reward is cut, more than $500 million has been poured into the new, more efficient machines that can churn out more bitcoin, according to a CoinDesk estimate.\nRelated:Why Bitcoin Mining Might Be the New Business Model for US Power Plants\nBut bitcoin price’s recent plunge – crashing to below $5,000 on Friday and recording a 50 percent drop since its high above $10,000 in late 2019 – is creating greater uncertainty about mining farms’ profitability.\nAccording to data from mining poolPoolIn, even the most efficient equipment on the market, such as MicroBT’s WhatsMiner M20S and Bitmain’s AntMiner S17 Pro, is generating daily profits at a gross margin below 50 percent. That estimate is based on bitcoin’s current price and mining difficulty (a measure of how competitive it is to mine bitcoin) with an average electricity cost of $0.05 per kilowatt hour (kWh).\nIf bitcoin’s price does not bounce back to a higher point after the halving, which will essentially reduce mining revenue by half, mining farms would have to bear a longer payback period for their investment.\n“We have been just heads down and kept mining, and bought a bunch of new machines,” said Zheng Xun, CEO of Hashage, which operates several sites in China’s mining hub in Sichuan province. “We already have a large scale so probably won’t buy any more for the time being. We’re maintaining cash flow to see how the market plays out after halving.”\nRelated:Bitcoin’s Computing Power Is Growing Again After Coronavirus-Related Disruption\nThat said, it remains to be seen how bitcoin’s overall computing power will react to bitcoin’s price drop in the coming weeks as older mining equipment is expected to shut down. If the computing power and the mining difficulty on bitcoin’s network decrease significantly, the incumbents will be able to mine more coins.\nBut for now, the network’s seven-day rolling average hash rate has shown adowntrendsince last week’s price crash, falling to 108 exhashes per second (EH/s) from 118 EH/s around March 9.\nChris Zhu, co-founder of the mining pool PoolIn, said in an online panel via WeChat on Friday his expectation before the price crash was bitcoin’s hash rate would still rise slowly. Now he expects the computing power to go down by 20 to 30 percent in the coming months.\nGlobal mining farms’ spending glut is reflected in the significant growth of bitcoin’s total computing power in the past half-year.\nSince September 2019, the hashing power on the bitcoin network has increased by 30 percent, jumping from around 90 EH/s to most recently around 120 EH/s.\nGiven that most of the new equipment has been priced between $20 to $30 per terahash per second (TH/s), mining farm operators may have spent more than $600 million in recent months to get ready for the coming halving event. (For context, 1 EH/s = 1 million TH/s.)\nArtem Eremin, product manager of 3logic, a reseller of bitcoin ASIC miners, said his clients in Russia and central Asia have started actively buying Bitmain’s AntMiner S17s since October, preparing to replace the old ones. (ASICs, or application-specific integrated circuits, are computer chips customized for heavy-duty activities like mining.)\n3logic now sells about 2,500 units of the newest equipment per month. It used to be around 5,000 units in October and November, Eremin said, although the buying momentum slowed in December. According to different estimates, a third to half of all mining computers in Russia might have been replaced with the new models by now.\nIgor Runets, CEO of Bitriver, a mining venue in Bratsk, Russia, said his clients had been buying new ASICs quite actively since last fall but slowed down their purchases in January. “There was the Chinese New Year, the coronavirus outbreak, and then the buying activity just didn’t fully recover after that,” he said.\nSimilarly in China, larger mining farms have been revamping their facilities with top-of-the-line equipment in large quantities since the second half of 2019, when major manufacturers started to ship equipment in bulk.\nZheng said his firm scaled up its facilities by 30 percent with the latest machines supplied by Bitmain and MicroBT since the end of the summer in China last year and the deployment was in place prior to the Chinese New Year.\nSome, like Gabriel Xia’s Spark Capital, a China-based fund, even started the replacement and upgrade work as early as summer 2019. “We sold all the old S9s in summer last year when its price at the second-hand market doubled and started buying new equipment,” he said.\nBehind this recent buying momentum is the tremendous amount of investment that has poured into the bitcoin mining space in 2019 alone.\nFor perspective, bitcoin’s hashing power hit 1 EH/s for the first time around February 2016. It then took the network about 30 months to reach 50 EH/s in September 2018 – even after the 2017 bull run.\nBut it only took the network 15 months to double that level and reach 100 EH/s in January 2020.\nThis accelerated growth was made possible by major manufacturers such as Bitmain, MicroBT and Canaan, which have produced and shipped more powerful equipment using more advanced computing chips.\nBut technological advancement also means new equipment has become much more expensive. With higher barriers to entry than in 2017, the space has been consolidating, squeezing out retail miners.\nIn 2017, even on the back of bitcoin’s bull run, it might not be so common to hear one customer place a single purchase order worth over $15 million for mining equipment. But things changed in 2019.\n“With an order like 100 million yuan [$15 million] in 2017, you might be the biggest miner across the network,” said Xia, whose firm has been mining since 2016. By 2019, “$15 million would only make you just an ordinary big customer.”\nTraditionally, mining farms would sell fresh bitcoins to fund their operations. However, over the last couple of years, a new market for financial services emerged to help them get working capital even if they want to “hodl” (bitcoin slang for holding rather than selling).\nXia said Spark Capital’s mined assets have been pledged as collateral for loans it took out to pay utility bills and expand operations. The firm is betting it will be able to sell the coins at a higher price later, and in the meantime it’s shortening the time it takes for the machines to pay for themselves.\n“We are looking at a longer term when we scale up,” he said.\nEchoing that strat **Last 60 Days of Bitcoin's Closing Prices:** [8723.79, 8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46, 8599.51, 8562.45, 8869.67, 8787.79, 8755.25, 9078.76, 9122.55, 8909.95, 8108.12, 7923.64, 7909.73, 7911.43, 4970.79, 5563.71, 5200.37, 5392.31] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-03-16 **Financial & Commodity Data:** - Gold Closing Price: $1485.90 - Crude Oil Closing Price: $28.70 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $99,131,392,200 - Hash Rate: 97919187.3154346 - Transaction Count: 270399.0 - Unique Addresses: 532450.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.09 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Someone has just created a smart contract on ethereum with source codes in the shape of a monument in memory of Dr. Li Wenliang, the whistleblower of China’s coronavirus outbreak, who died of the disease. The source codes of the “Monument” contract,createdaround 2:30 UTC on Friday, wrote down the biography of Dr. Li in Chinese with a highlighted “R.I.P” and his contribution as a medical expert to alerting others of the danger of the virus as early as Dec. 30 – only to be reprimanded by local police later on. The creation of the smart contract, which now becomes immutable and can’t be censored on a blockchain, comes at a time when Chinese netizens are showing widespread sadness and furor on messaging application WeChat and social media Weibo. Related:Coronavirus Checks China’s Blockchain Ambitions The news of his deathbrokelate night Thursday China time, which immediately jumped to the top spot of Weibo’s real-time trending topic list. Within minutes, it was dropped to the seventh position and now it is no longer on the list, even though the hashtag #Dr. Li Wenliang passed away# has so far got one billion views with over onr million discussions on social media. Meanwhile, another hashtag – #Wuhan government owes an apology to Dr. Li# in Chinese – has been restricted. Searching for this hashtag on Weibo now leads to no results, although it was accessible on Thursday night immediately following Li’s death. Li, a doctor at a hospital in Wuhan, the epicenter of the coronavirus outbreak, was one of eight people who sent out early warnings on WeChat to fellow medics about the seriousness of the disease before the local authority informed the public that the disease is contagious. Related:Crypto News Roundup for Feb. 7, 2020 He was immediately silenced and reprimanded by local police for sending ”false information.“ But Li contracted the virus while treating patients at Wuhan Central Hospital and died of the disease after efforts to treat him failed. • Coronavirus Concerns Cause Another Crypto Event to Be Postponed • Bitcoin News Roundup for Feb. 6, 2020... - Reddit Posts (Sample): [['u/coinedge', "I'm predicting the banks will go bust or get nationalized from this crisis", 25, '2020-03-16 01:09', 'https://www.reddit.com/r/Bitcoin/comments/fjbgmo/im_predicting_the_banks_will_go_bust_or_get/', 'Too much debt in the system. Tons of defaults coming. Bitcoin may get destroyed in the short run but will shine when the smoke clears.', 'https://www.reddit.com/r/Bitcoin/comments/fjbgmo/im_predicting_the_banks_will_go_bust_or_get/', 'fjbgmo', [['u/Mark_Bear', 24, '2020-03-16 01:13', 'https://www.reddit.com/r/Bitcoin/comments/fjbgmo/im_predicting_the_banks_will_go_bust_or_get/fklyy5t/', 'Nationalize the losses, privatize the profits.', 'fjbgmo'], ['u/TaleRecursion', 15, '2020-03-16 05:41', 'https://www.reddit.com/r/Bitcoin/comments/fjbgmo/im_predicting_the_banks_will_go_bust_or_get/fkmng7s/', "Banks won't default, they have now access to infinite amount of money at 0% with no collateral or reserve requirements. At this point, bankers will all be dead from cocaine overdose, ethylic coma or sexual overexertion before they have run out of cash.", 'fjbgmo']]], ['u/Mark_Bear', 'I have not doubt - Bitcoin will survive, and thrive.', 44, '2020-03-16 02:14', 'https://www.reddit.com/r/Bitcoin/comments/fjcfob/i_have_not_doubt_bitcoin_will_survive_and_thrive/', "I can't say that about the United States.", 'https://www.reddit.com/r/Bitcoin/comments/fjcfob/i_have_not_doubt_bitcoin_will_survive_and_thrive/', 'fjcfob', [['u/whitslack', 11, '2020-03-16 03:53', 'https://www.reddit.com/r/Bitcoin/comments/fjcfob/i_have_not_doubt_bitcoin_will_survive_and_thrive/fkmeppz/', "Being intangible is *exactly why* Bitcoin is a *better* money than gold is. It has zero storage costs, zero assaying costs, and negligible transaction costs; it's massless and invisible, so it can be carried across borders in any quantity without arousing suspicion; it can't be seized; it can't be counterfeited; it's always of 100% purity; and it can be subdivided into arbitrarily tiny pieces with perfect accuracy at no cost. Gold can't touch Bitcoin.", 'fjcfob']]], ['u/sunnydandthebeard', 'I mean, isn’t this exactly what cryptocurrency was designed for?', 75, '2020-03-16 03:47', 'https://www.reddit.com/r/Bitcoin/comments/fjdqw2/i_mean_isnt_this_exactly_what_cryptocurrency_was/', '- No need for direct human interaction\n- no need for dirty cash\n- isolation will drive more internet shopping and commerce\n- interest rate just went to 0% with quantitative easing.\n- and if banks shut down and you use bitcoin, you’d still have access to your funds.\n\nIt sounds to me a very good reason to invest heavier in bitcoin....', 'https://www.reddit.com/r/Bitcoin/comments/fjdqw2/i_mean_isnt_this_exactly_what_cryptocurrency_was/', 'fjdqw2', [['u/matman88', 27, '2020-03-16 04:46', 'https://www.reddit.com/r/Bitcoin/comments/fjdqw2/i_mean_isnt_this_exactly_what_cryptocurrency_was/fkmj7t5/', 'Yes. But people pull out of volatile investments when markets tank. BTC will be back bigly.', 'fjdqw2'], ['u/blingyang', 10, '2020-03-16 05:16', 'https://www.reddit.com/r/Bitcoin/comments/fjdqw2/i_mean_isnt_this_exactly_what_cryptocurrency_was/fkmlm9r/', 'It depends.\n\nWe have bicycle, motorcycle, car, bus, train, plane etc. all these are different modes of transportation depending on the situation.\n\nThere is nothing stopping people from using crypto but it’s just not yet ready for widespread use cases.', 'fjdqw2'], ['u/bitusher', 11, '2020-03-16 10:37', 'https://www.reddit.com/r/Bitcoin/comments/fjdqw2/i_mean_isnt_this_exactly_what_cryptocurrency_was/fkn38il/', 'I use it as a p2p currency daily so would be lying if i said it was just a stock', 'fjdqw2'], ['u/Feeniks96', 14, '2020-03-16 10:51', 'https://www.reddit.com/r/Bitcoin/comments/fjdqw2/i_mean_isnt_this_exactly_what_cryptocurrency_was/fkn3vvx/', 'Found the drugdealer👀', 'fjdqw2'], ['u/_Pohaku_', 14, '2020-03-16 11:48', 'https://www.reddit.com/r/Bitcoin/comments/fjdqw2/i_mean_isnt_this_exactly_what_cryptocurrency_was/fkn6jln/', 'Found the guy buying the drugs :)', 'fjdqw2']]], ['u/taxonomicnomenclatur', 'As a former libertarian and an IT veteran, let me explain why I see crypto comedy godl for decades to come', 57, '2020-03-16 04:41', 'https://www.reddit.com/r/Buttcoin/comments/fjehkt/as_a_former_libertarian_and_an_it_veteran_let_me/', 'When I was young and misguided, before I realized I was a liberal progressive (as defined in the US), I was a registered libertarian. That lasted until I realized that good government policy is driven by empirical data and logic. Libertarians make policy based on some flavor of an arbitrary belief system and if it doesn’t work for some (most) people, well those people weren’t worthy and that’s the reason everything is going to hell in a hand-basket. Like some aspects of religion it’s a self-fulfilling prophecy of trying to convert the “idiots” out there that “hate the free markets” while simultaneously being defeated by the need for coordination and planning that notoriously looks like the very thing they are fighting against. \n\nAs a multi-decade player in the startup and enterprise IT fields, i can tell you that there are a ton of engineers out there with blinders on in a similar way. They have their view of how a product should be that often has no relation to what customers actually want or its stated purpose. When things get hard they’ll tell you how everything needs to be rewritten in their pet language or framework and that they alone have the answer. They love their complicated solutions to problems that they design in a bubble over a month, even though with just a few minutes of collaboration they could do something simple and useful in a day and move on. \n\nButts are the ultimate realization of the combining of these two worlds. Engineers dying to be recognized for over-designed and unnecessarily complex solutions to stuff that already exists. And this stuff that exists is some variation of quasi-money-store-of-value-stuff that in some delusional world is something everyone will use to buy things instead of carrying national currencies. Best of all there’s always a chance to prove yourself by making another dumb variation on a variation and hoping to win the popularity lottery of pseudo-economists that are waiting for the collapse of world financial systems like it’s the Second Coming. \n\nWhen I see bitcoin I see a binary star system that collapsed into a massive supernova spewing comedy godl throughout the universe. It’s beautiful.', 'https://www.reddit.com/r/Buttcoin/comments/fjehkt/as_a_former_libertarian_and_an_it_veteran_let_me/', 'fjehkt', [['u/RedOrange7', 18, '2020-03-16 05:16', 'https://www.reddit.com/r/Buttcoin/comments/fjehkt/as_a_former_libertarian_and_an_it_veteran_let_me/fkmllmz/', "I find it annoying that the right-wing version of libertarianism is the accepted definition. Left-wing libertarianism preceded that for centuries, and libertarianism requires sociatal consent to work, and is essentially socialist, liberty for society. But, fads and all. The modern libertarianism is better called anarcho-capitalist = anti-social selfish boys crying 'me me me' mentality (why should I have to contribute, you smell).\n\n&lt;/rant&gt; \n\n\nI'm glad you saw the light.", 'fjehkt'], ['u/G_Porgie', 19, '2020-03-16 05:57', 'https://www.reddit.com/r/Buttcoin/comments/fjehkt/as_a_former_libertarian_and_an_it_veteran_let_me/fkmol62/', 'Your links don\'t prove anything. If you really want the "freedom" to funnel funds to criminals and terrorist organizations, you don\'t need Bitcoin to do it. Mailing a suitcase full of US dollars is far more anonymous, censorship-resistant, and secure than even trying to buy a pizza with Bitcoin.', 'fjehkt'], ['u/bl25_g1', 28, '2020-03-16 08:14', 'https://www.reddit.com/r/Buttcoin/comments/fjehkt/as_a_former_libertarian_and_an_it_veteran_let_me/fkmwjuf/', 'As being IT idiot myself, my observation is that IT people are extremely susceptible to fallacy of transferable expertise.( that being good in one field, means you are good in another or all of ).\n\nI mean if you are good at javascript/php/python/Unix... how hard can economics be? ^^/s', 'fjehkt'], ['u/TheDeadSkin', 10, '2020-03-16 08:31', 'https://www.reddit.com/r/Buttcoin/comments/fjehkt/as_a_former_libertarian_and_an_it_veteran_let_me/fkmxe5w/', "Is blockchain still somewhat strong in the start-up environment? I see some mentions of it in my uni in the posters of research groups to this day, it's pretty embarassing.", 'fjehkt'], ['u/DoppelFrog', 16, '2020-03-16 09:58', 'https://www.reddit.com/r/Buttcoin/comments/fjehkt/as_a_former_libertarian_and_an_it_veteran_let_me/fkn1hca/', "tl;dr This is good for Buttcoin.\n\n&amp;#x200B;\n\nThat's all you need to know.", 'fjehkt'], ['u/dbzer0', 14, '2020-03-16 12:08', 'https://www.reddit.com/r/Buttcoin/comments/fjehkt/as_a_former_libertarian_and_an_it_veteran_let_me/fkn7ke3/', 'Libertarian Socialism (AKA Anarchism) does not require rich individuals to own the means of production. In fact it does away with the concept of "rich" altogether. US Americans have bastardized the concept of "Libertarianism" to mean "unchecked capitalism" which has nothing at all to do with "liberty".', 'fjehkt']]], ['u/AutoModerator', '[Daily Discussion] Monday, March 16, 2020', 54, '2020-03-16 05:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/fjesua/daily_discussion_monday_march_16_2020/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas &amp; 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**Other ways to interact:**\n\n* [Get an invite](https://join.slack.com/t/reddit-bitcoinmarkets/shared_invite/enQtNjM1NTg3ODgwODUzLTQ2NjZjYjYxMWExZmZmMWY0MDNlN2JlM2RhZmM0NWY1YzY1MDlkOTMyNWFjNTZjYTg1ZDM2YmEwMWRkZjIwYjM) t... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
5225.63, 5238.44, 6191.19, 6198.78, 6185.07, 5830.25, 6416.31, 6734.80, 6681.06, 6716.44
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:** ['Ripple’s controversial XRP token is currently trading above the $0.14791 level of support after bouncing by 15% from its $0.12876 low. The relief rally comes after a troubling month for XRP with it losing more than 56% of its value since February 15. The sell-off has been reflected across all cryptocurrency trading pairs, with the likes of Bitcoin also suffering a 50% correction. XRP is occupying uncharted territory at the moment with it not trading this low since before the 2017 bull market. It needs to continue trading above $0.13, at the very least, in order to avoid a further plunge below the psychological level of support at $0.10. From a bullish perspective it needs to rally back above the $0.1691 level of resistance before taking a stab at the $0.20 level, although a spike in volume is required for a hike of that magnitude to come into fruition. Despite suffering a major sell-off XRP remains the third largest cryptocurrency with a market cap of $6.5 billion with daily trade volume regularly exceeding $2.5 billion. Much of the upcoming XRP price action will depend on the trajectory of Bitcoin leading up to May’s halving, which has historically been a bullish even for cryptocurrencies. For more news, guides and cryptocurrency analysis, click here . Latest Ripple price Current live Ripple pricing information and interactive charts are available on our site 24 hours a day. The ticker bar at the bottom of every page on our site has the latest Ripple price. Pricing is also available in a range of different currency equivalents: US Dollar – XRPtoUSD British Pound Sterling – XRPtoGBP Japanese Yen – XRPtoJPY Euro – XRPtoEUR Australian Dollar – XRPtoAUD Russian Rouble – XRPtoRUB Bitcoin – XRPtoBTC About Ripple (XRP) Ripple is a real-time gross settlement system (RTGS) developed by the Ripple company. It is also referred to as the Ripple Transaction Protocol (RTXP) or Ripple protocol. It can trace its roots to 2004 when a web developer called Ryan Fugger had the idea to create a monetary system that was decentralised and could effectively allow individuals to create their own money. Story continues Ripple is one of the largest cryptocurrencies and is one of the top 10 cryptocurrencies by market capitalisation. More Ripple news and information If you want to find out more information about Ripple or cryptocurrencies in general, then use the search box at the top of this page. Here’s a recent article to get you started: https://coinrivet.com/ripple-ceo-brad-garlinghouse-hits-back-at-critics-xrp-is-not-a-security/ As with any investment, it pays to do some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. This page is not recommending a particular currency or whether you should invest or not.', 'Ripple’s controversial XRP token is currently trading above the $0.14791 level of support after bouncing by 15% from its $0.12876 low. The relief rally comes after a troubling month for XRP with it losing more than 56% of its value since February 15. The sell-off has been reflected across all cryptocurrency trading pairs, with the likes of Bitcoin also suffering a 50% correction. XRP is occupying uncharted territory at the moment with it not trading this low since before the 2017 bull market. It needs to continue trading above $0.13, at the very least, in order to avoid a further plunge below the psychological level of support at $0.10. From a bullish perspective it needs to rally back above the $0.1691 level of resistance before taking a stab at the $0.20 level, although a spike in volume is required for a hike of that magnitude to come into fruition. Despite suffering a major sell-off XRP remains the third largest cryptocurrency with a market cap of $6.5 billion with daily trade volume regularly exceeding $2.5 billion. Much of the upcoming XRP price action will depend on the trajectory of Bitcoin leading up to May’s halving, which has historically been a bullish even for cryptocurrencies. For more news, guides and cryptocurrency analysis, click here . Latest Ripple price Current live Ripple pricing information and interactive charts are available on our site 24 hours a day. The ticker bar at the bottom of every page on our site has the latest Ripple price. Pricing is also available in a range of different currency equivalents: US Dollar – XRPtoUSD British Pound Sterling – XRPtoGBP Japanese Yen – XRPtoJPY Euro – XRPtoEUR Australian Dollar – XRPtoAUD Russian Rouble – XRPtoRUB Bitcoin – XRPtoBTC About Ripple (XRP) Ripple is a real-time gross settlement system (RTGS) developed by the Ripple company. It is also referred to as the Ripple Transaction Protocol (RTXP) or Ripple protocol. It can trace its roots to 2004 when a web developer called Ryan Fugger had the idea to create a monetary system that was decentralised and could effectively allow individuals to create their own money. Story continues Ripple is one of the largest cryptocurrencies and is one of the top 10 cryptocurrencies by market capitalisation. More Ripple news and information If you want to find out more information about Ripple or cryptocurrencies in general, then use the search box at the top of this page. Here’s a recent article to get you started: https://coinrivet.com/ripple-ceo-brad-garlinghouse-hits-back-at-critics-xrp-is-not-a-security/ As with any investment, it pays to do some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. This page is not recommending a particular currency or whether you should invest or not.', 'Fiat-to-crypto onramps provider Simplex has said that retail investors “bought the dip” during last week’s bitcoin crash of over 50%. The most popular cryptocurrency among buyers was bitcoin (BTC), which accounted for 59.6% of Simplex’s volumes during March 12-14, according to a statement shared with The Block on Tuesday. Bitcoin was followed by Tether (USDT) stablecoin and ether (ETH), which accounted for 12.60% and 9.78% of volumes, respectively. “The market downturn hasn’t dampened the public’s enthusiasm for purchasing crypto. In fact, it’s clear that many people have seen the recent dip as a buying opportunity rather than a sign that crypto’s investment thesis has been invalidated,” said Simplex CEO Nimrod Lehavi. Geographically speaking, Europe accounted for 33.29% of Simplex’s purchasing volume during the period, followed by Asia (22.30%) and the U.S. (16.57%), per the statement. Simplex said its partners, including crypto exchanges, saw a four times growth in purchasing volume during the period. The firm currently provides fiat gateway infrastructure to several crypto exchanges, including Binance, Huobi, and Poloniex. Simplex has a total of over 120 partners globally.', 'Fiat-to-crypto onramps provider Simplex has said that retail investors “bought the dip” during last week’s bitcoin crash of over 50%.\nThe most popular cryptocurrency among buyers was bitcoin (BTC), which accounted for 59.6% of Simplex’s volumes during March 12-14, according to a statement shared with The Block on Tuesday.\nBitcoin was followed by Tether (USDT) stablecoin and ether (ETH), which accounted for 12.60% and 9.78% of volumes, respectively.\n“The market downturn hasn’t dampened the public’s enthusiasm for purchasing crypto. In fact, it’s clear that many people have seen the recent dip as a buying opportunity rather than a sign that crypto’s investment thesis has been invalidated,” said Simplex CEO Nimrod Lehavi.\nGeographically speaking, Europe accounted for 33.29% of Simplex’s purchasing volume during the period, followed by Asia (22.30%) and the U.S. (16.57%), per the statement.\nSimplex said its partners, including crypto exchanges, saw a four times growth in purchasing volume during the period.The firm currentlyprovidesfiat gateway infrastructure to several crypto exchanges, including Binance, Huobi, and Poloniex. Simplex has a total of over 120 partners globally.', 'While gold prices plummeted roughly $80 as most asset classes are tanking after coronavirus panic has spiraled out of control, the precious metal may still be working as it is supposed to be according to some experts.\nGold is often perceived as a safe haven asset for investors, and with Thursday’s plunge in prices, as global stock markets crash yet again, there is evidence that investors have taken shelter by converting the precious metal into cash as is intended to be done with a safe haven asset.\n“If gold’s being sold to raise cash in an emergency, which is what appears to be happening now, then it is doing its job as a safe haven,” said Brien Lundin, editor of Gold Newsletter.\nOn Thursday, the most-active April gold futures fell $52, or 3.2%, to settle at $1,590.30 an ounce on Comex, after trading as low as $1,560.40. This was the largest one-day percentage loss for the lustrous metal since the 4.6% decline seen on Feb. 28, which at that time represented the biggest single-session drop since June 2013.\nDespite the safe haven appeal of gold as well as bonds and sometimes Bitcoin, analysts are now warning investors that this is an extremely risky time to be invested in markets.\n“No investment is safe” for traders or investors at this time, said Chintan Karnani, chief market analyst at Insignia Consultants, in a market update. Retail traders have booked investment losses in February and so far in March, and gold has seen two big selloffs in the past couple of weeks, he said.\nThe losses for gold come as a drop in the U.S. stock market triggered circuit breakers that temporarily halted trading for the second time this week after stocks tanked. The S&P 500 and Nasdaq Composite are poised to join the Dow Jones Industrial Average in ending an 11-year long bull market.\nIn addition to coronavirus-driven panic, a key driver behind the drop in gold is the solid rebound staged by mortgage rates this past week as lenders sought to stem the tide of people looking to **Last 60 Days of Bitcoin's Closing Prices:** [8929.04, 8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46, 8599.51, 8562.45, 8869.67, 8787.79, 8755.25, 9078.76, 9122.55, 8909.95, 8108.12, 7923.64, 7909.73, 7911.43, 4970.79, 5563.71, 5200.37, 5392.31, 5014.48] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-03-17 **Financial & Commodity Data:** - Gold Closing Price: $1524.90 - Crude Oil Closing Price: $26.95 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $99,131,392,200 - Hash Rate: 97919187.3154346 - Transaction Count: 270399.0 - Unique Addresses: 532450.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.08 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: South Korea’s Pohang University of Science and Technology (POSTECH) is set to issue blockchain-stored diplomas to its new graduates. Given the threat of the coronavirus, the university believes it’s no longer safe for students to congregate at a graduation ceremony. Instead of postponing the event, the administration decided to give students the option to get their diplomas online, local media outletMBNreported. On Feb. 7, POSTECH’s 828 new graduates will receive an email letter with a QR code linked to their blockchain-stored diploma. The diplomas are created by blockchain-based certification service “broof.” Launched in May 2019 by Korean firmICONLOOP, the service allows users to issue, manage, and view online certificates via ICONLOOP’s public blockchain network. "In the aftermath of the new corona, it is impossible to hold a graduation ceremony on time,” a POSTECH official told MBN. "Now, even if a student does not visit the school to receive the diploma, they can get an online digital degree secured by blockchain technology." POSTECH previously made use of broof’s technology in June 2019 when it issued blockchain certificates to graduates of its blockchain CEO course, MBN said. Compared to traditional online diplomas, blockchain-based certificates are not subject to forgery or alteration. Recipients can access the information through an encrypted path. Meanwhile, other higher education institutions also are experimenting with digital academic credentials. MIT Media Lab, for example, isbuildinga set of tools to store and manage cryptographically signed certificates on the Bitcoin blockchain.... - 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.
5238.44, 6191.19, 6198.78, 6185.07, 5830.25, 6416.31, 6734.80, 6681.06, 6716.44, 6469.80
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:** ['Scammers purporting to sell pandemic essentials – such as face masks, hand sanitizer and medication – have stolen at least $2 million in cryptocurrency from panicking consumers, claims blockchain security firm AnChain.AI.\nThe haul comes from low-budget malicious actors putting a fresh riff on aclassic ruse: money paid for products never delivered. Striking amid a public health crisis in which hospital systems from Milan to Seattle are getting crushed by COVID-19 patients and governments are fretting if their emergency stockpiles can meet unprecedented demand, scammers arelooking to consumers, also weary of the novel coronavirus, as a boon.\n“Criminals are exploiting the fear and uncertainty created by COVID-19 to prey on innocent citizens who are only looking to protect their health and that of their loved ones,” said INTERPOL Secretary General Jürgen Stock, in a recent coronavirusconsumer fraud noticefrom Europe’s police force.\nRelated:Data Sets You Free: Self-Quarantine Diary, Day 3\nSome of these scams are being facilitated through crypto, said Steven Yang, AnChain.AI’s marketing director. His firm claims to have traced millions of dollars worth of swindled crypto funds in the first two weeks of an investigative partnership with an unnamed “affiliated law enforcement agency” in Asia.\nAnChain.AI’s leadership has taken a top-down approach to investigating the coronavirus medical supply scams.\n“Our CEO actually ordered some face masks off of Amazon and had this done to him,” Yang said ofAnChain.AICEO Victor Fang, who in early February paid for a 100-pack of surgical masks that still have not come. (Fang did not pay in crypto for these masks).\nFang brought the scam to AnChain.AI’s immediate attention, but coronavirus fraud schemeshave already been raging for months. Primarily in Asia, and particularly in regions infected well before the contagion’s recent march west, consumers have thronged to any apparent source of hard-to-come-by medical supplies, sometimes paying dubious vendors in crypto.\nRelated:Can Open Source Networks Address Medical Shortages? Feat. Bruce Fenton\nAnChain.AI said that two weeks ago it began investigating at the request of the unnamed law enforcement agency.\nInvestigators noticed a pattern: Scammers posted supplies on trusted e-commerce sites including Amazon, eBay, and social media marketplaces; then lured consumers off the sites, to messaging platforms with no third-party oversight; they then took payment and printed a phony shipping label as “proof” to fool the marketplace and the consumer.\nBuyers were left thinking their medical supplies were days or weeks from arriving at their doorstep, realizing only weeks later they had been scammed. In some instances, Yang said, the scammers sent an empty box.\nBy that point the victims’ crypto was long gone.\n“They launder the money through a large number of jumping and pass-through addresses, or using things like tumblers and mixers, before liquidating through exchanges,” Yang explained.\nSo far, more than 90 percent of the scam crypto transactions were received in tether (USDT), 5 percent inbitcoin(BTC), 2 percent inether(ETH) and a small amount in “a wide breadth” of other cryptocurrencies.\nMany of the scams began in east and Southeast Asia, but some are now popping up around the world – even in the United States, according to Yang.\nThe swindled crypto does flow back to Asia, though.\n“While we are still investigating this process, and the scam itself is observed worldwide, the liquidation itself is primarily going through big Asia-based exchanges,” said Yang, who suspects this is because of exchange rate and liquidity concerns (he declined to name the exchanges).\nYang said AnChain.AI’s investigation is ongoing and may begin expanding to other “nationalities.” Coronavirus shows no signs of stopping, and as such it is unlikely scammers will die down either.\nIn the long term AnChain.AI hopes to identify scammers at the point of exit – the exchanges – which would likely need to happen through official law enforcement inquiries and legal procedures. More immediately, though, the firm wants to raise awareness with a general public desperate to buy supplies and protect themselves during the ongoing public health crisis.\nYang offered some recommendations for pandemic shoppers: Don’t buy medical supplies from untrusted marketplaces; never conduct deals over WhatsApp and WeChat; and approach crypto-first vendors skeptically – some are indeed legitimate, but others may well be scammers.\n“Anyone who is thinking of buying medical supplies online should take a moment and verify that you are in fact dealing with a legitimate, reputable company, otherwise your money could be lost to unscrupulous criminals,” Interpol Chief Jurgen Stock said in his presser.\n• Controversial Group Behind Coronavirus Tracking App Has Crypto Ties\n• Bitcoin News Roundup for March 18, 2020', 'Scammers purporting to sell pandemic essentials \x96 such as face masks, hand sanitizer and medication \x96 have stolen at least $2 million in cryptocurrency from panicking consumers, claims blockchain security firm AnChain.AI. The haul comes from low-budget malicious actors putting a fresh riff on a classic ruse : money paid for products never delivered. Striking amid a public health crisis in which hospital systems from Milan to Seattle are getting crushed by COVID-19 patients and governments are fretting if their emergency stockpiles can meet unprecedented demand, scammers are looking to consumers , also weary of the novel coronavirus, as a boon. \x93Criminals are exploiting the fear and uncertainty created by COVID-19 to prey on innocent citizens who are only looking to protect their health and that of their loved ones,\x94 said INTERPOL Secretary General Jürgen Stock, in a recent coronavirus consumer fraud notice from Europe\x92s police force. Related: Data Sets You Free: Self-Quarantine Diary, Day 3 Some of these scams are being facilitated through crypto, said Steven Yang, AnChain.AI\x92s marketing director. His firm claims to have traced millions of dollars worth of swindled crypto funds in the first two weeks of an investigative partnership with an unnamed \x93affiliated law enforcement agency\x94 in Asia. Scammers strike AnChain.AI\x92s leadership has taken a top-down approach to investigating the coronavirus medical supply scams. \x93Our CEO actually ordered some face masks off of Amazon and had this done to him,\x94 Yang said of AnChain.AI CEO Victor Fang, who in early February paid for a 100-pack of surgical masks that still have not come. (Fang did not pay in crypto for these masks). Fang brought the scam to AnChain.AI\x92s immediate attention, but coronavirus fraud schemes have already been raging for months . Primarily in Asia, and particularly in regions infected well before the contagion\x92s recent march west, consumers have thronged to any apparent source of hard-to-come-by medical supplies, sometimes paying dubious vendors in crypto. Story continues Related: Can Open Source Networks Address Medical Shortages? Feat. Bruce Fenton AnChain.AI said that two weeks ago it began investigating at the request of the unnamed law enforcement agency. Investigators noticed a pattern: Scammers posted supplies on trusted e-commerce sites including Amazon, eBay, and social media marketplaces; then lured consumers off the sites, to messaging platforms with no third-party oversight; they then took payment and printed a phony shipping label as \x93proof\x94 to fool the marketplace and the consumer. Buyers were left thinking their medical supplies were days or weeks from arriving at their doorstep, realizing only weeks later they had been scammed. In some instances, Yang said, the scammers sent an empty box. By that point the victims\x92 crypto was long gone. \x93They launder the money through a large number of jumping and pass-through addresses, or using things like tumblers and mixers, before liquidating through exchanges,\x94 Yang explained. So far, more than 90 percent of the scam crypto transactions were received in tether (USDT), 5 percent in bitcoin (BTC), 2 percent in ether (ETH) and a small amount in \x93a wide breadth\x94 of other cryptocurrencies. Many of the scams began in east and Southeast Asia, but some are now popping up around the world \x96 even in the United States, according to Yang. The swindled crypto does flow back to Asia, though. \x93While we are still investigating this process, and the scam itself is observed worldwide, the liquidation itself is primarily going through big Asia-based exchanges,\x94 said Yang, who suspects this is because of exchange rate and liquidity concerns (he declined to name the exchanges). What to look out for Yang said AnChain.AI\x92s investigation is ongoing and may begin expanding to other \x93nationalities.\x94 Coronavirus shows no signs of stopping, and as such it is unlikely scammers will die down either. In the long term AnChain.AI hopes to identify scammers at the point of exit \x96 the exchanges \x96 which would likely need to happen through official law enforcement inquiries and legal procedures. More immediately, though, the firm wants to raise awareness with a general public desperate to buy supplies and protect themselves during the ongoing public health crisis. Yang offered some recommendations for pandemic shoppers: Don\x92t buy medical supplies from untrusted marketplaces; never conduct deals over WhatsApp and WeChat; and approach crypto-first vendors skeptically \x96 some are indeed legitimate, but others may well be scammers. \x93Anyone who is thinking of buying medical supplies online should take a moment and verify that you are in fact dealing with a legitimate, reputable company, otherwise your money could be lost to unscrupulous criminals,\x94 Interpol Chief Jurgen Stock said in his presser. Related Stories Controversial Group Behind Coronavirus Tracking App Has Crypto Ties Bitcoin News Roundup for Marc **Last 60 Days of Bitcoin's Closing Prices:** [8942.81, 8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46, 8599.51, 8562.45, 8869.67, 8787.79, 8755.25, 9078.76, 9122.55, 8909.95, 8108.12, 7923.64, 7909.73, 7911.43, 4970.79, 5563.71, 5200.37, 5392.31, 5014.48, 5225.63] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-03-18 **Financial & Commodity Data:** - Gold Closing Price: $1477.30 - Crude Oil Closing Price: $20.37 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $99,131,392,200 - Hash Rate: 82285031.3575081 - Transaction Count: 231254.0 - Unique Addresses: 476482.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.11 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Investing.com - Bitcoin rose above the $9,354.8 threshold on Sunday. Bitcoin was trading at 9,354.8 by 19:45 (00:45 GMT) on the Investing.com Index, up 0.06% on the day. It was the largest one-day percentage gain since February 1. The move upwards pushed Bitcoin's market cap up to $170.1B, or 64.70% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $241.2B. Bitcoin had traded in a range of $9,335.3 to $9,383.4 in the previous twenty-four hours. Over the past seven days, Bitcoin has seen a rise in value, as it gained 11.75%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $25.8B or 25.83% of the total volume of all cryptocurrencies. It has traded in a range of $8,585.5664 to $9,568.9824 in the past 7 days. At its current price, Bitcoin is still down 52.92% from its all-time high of $19,870.62 set on December 17, 2017. Ethereum was last at $182.64 on the Investing.com Index, up 0.85% on the day. XRP was trading at $0.23969 on the Investing.com Index, a gain of 0.13%. Ethereum's market cap was last at $20.0B or 7.60% of the total cryptocurrency market cap, while XRP's market cap totaled $10.5B or 3.98% of the total cryptocurrency market value. Related Articles Portfolios with Bitcoin Allocation Outperform Traditional Investments EOS Climbs Above 4.1483 Level, Up 1% Charles Hoskinson: Cardano Will Become “the Most Decentralized Cryptocurrency in the World”... - 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.
6191.19, 6198.78, 6185.07, 5830.25, 6416.31, 6734.80, 6681.06, 6716.44, 6469.80, 6242.19
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['By Tom Wilson LONDON (Reuters) - As worries over the economic hit from the coronavirus outbreak spread from stocks, oil and bonds to cryptocurrencies late last week, bitcoin crashed to its worst day in seven years. But plummeting prices weren\'t the only problem for investors. As volatility and volumes spiked, the infrastructure underpinning digital coin trading creaked under the strain. Futures exchanges saw a rash of electronically-triggered liquidations of leveraged positions, fuelling pressure on prices. Spreads between exchanges jumped. And at least two major exchanges went down, leaving investors locked out of the market for well over an hour. Bitcoin prices collapsed nearly 40% on March 12, the biggest one-day drop since spring 2013, before jumping 16% a day later. Volatility raced to its highest in seven years, with volumes across major cryptocurrency exchanges soaring to $30.8 billion on March 12-13, data from industry website CryptoCompare shows -- among the four highest two-day totals on record. As the turmoil gripped markets, New York exchange Gemini said it fell offline for less than 90 minutes. Seychelles-based BitMEX, one of the world\'s biggest platforms for leveraged derivatives trading, went down twice, for a total of 45 minutes. A spokeswoman for Gemini said the exchange "observed a technical issue impacting a subset of our customers." "In an abundance of caution, and to protect the integrity of our marketplace, we paused the market to resolve the issue and ensure all market services were back online in a healthy state prior to reopening," she said. Gemini declined to detail the problem, or comment on whether it was caused or exacerbated by market moves. BitMEX said its outages were due to denial-of-service cyberattacks that stopped messages from reaching its trading engines. The unidentified attackers "waited for the moment their attack would make the most market impact" and overwhelmed the platform "during a moment of peak volatility", it said. Story continues The outages were a reminder of the fragility of key components in crypto markets, underscoring the dangers of a high-risk asset that large investors typically steer clear of. And while most exchanges continued as normal during the turbulence, the Gemini and BitMEX episodes may also fuel doubts that bitcoin\'s infrastructure is solid enough for it to work as an alternative to traditional currencies. "There\'s no way to say it\'s good for the ecosystem when exchanges go down," said Richard Galvin of crypto fund Digital Asset Capital Management. (GRAPHIC: Bitcoin plummets - https://fingfx.thomsonreuters.com/gfx/editorcharts/HEALTH-CORONAVIRUS-CRYPTOCURRENCIES/0H001R8H9CE4/eikon.png) FRAGILE INFRASTRUCTURE? As bitcoin struggles to evolve from rebel technology into mainstream asset, the outages underscore the fragility of the sector at times of stress, industry figures said. "Volatility is not an issue -- it\'s whether the technology can deal with the volatility." said Denis Vinokourov at crypto exchange BeQuant. Most crypto exchanges have bolstered their capacity to deal with high volatility and volumes, and the majority of major exchanges continued operating normally late last week. But with crypto markets having been dogged by cyberattacks since their birth 12 years ago, exchanges should be better prepared, said Tim Swinson, head of market intelligence at Clearmatics, a London-based blockchain startup that designs peer-to-peer payment platforms. "The fact that exchanges are still being taken down is par for the course, but it shouldn\'t be an excuse," he said. "It shouldn\'t be normal." (GRAPHIC: Volatile times - https://fingfx.thomsonreuters.com/gfx/editorcharts/HEALTH-CORONAVIRUS-CRYPTOCURRENCIES/0H001R8H6CDY/eikon.png) CIRCUIT BREAKERS As bitcoin fell on Thursday, positions on major derivatives exchanges such as BitMEX, which offers highly leveraged trading, were automatically liquidated. That stoked pressure on prices, amplifying moves and accelerating bitcoin\'s fall, traders said. Yet unlike major stock exchanges that use circuit breakers to slam the brakes on trading during disruption or panic selling, crypto exchanges generally lack devices to arrest extraordinary price moves. And in contrast to foreign exchange markets, in which central banks sometimes intervene, the mostly unregulated crypto sector is left to its own devices in times of unruly trading. Last week\'s moves raised questions over whether circuit breakers are needed in crypto. "The tech is important," said Vinokourov at BeQuant. "You\'re inviting traditional, big firms to trade on platforms that may not be able to withstand the amount of trading." Circuit breakers do already exist at some exchanges. Deribit, a Panama-based derivatives exchange, in November brought in circuit breakers to counter erratic price swings, said Chief Commercial Officer Luuk Strijers. They were triggered on Thursday "to protect the market and our clients from extreme price volatility," he added. Yet many in the crypto sector say circuit breakers would be impractical for digital coin trading, which takes place across multiple exchanges, without coordinated introduction. Asked whether it operates or plans to introduce circuit breakers, Gemini said: "The cryptocurrency market does not have circuit breakers." BitMEX said it does not operate circuit breakers. "To prevent negative feedback loops, we do not use the last price of our derivatives to trigger liquidations," it added. Others cite likely opposition to controls on crypto markets, rooted in the technology\'s libertarian roots. "If you put circuit breakers in, you also give up the freedoms of markets to find prices on their own," said Galvin of the fund DACM. "If you\'re playing markets so that you can get super-high returns, you also need an approach that can sustain the bad sides." (GRAPHIC: Volume overload? - https://fingfx.thomsonreuters.com/gfx/editorcharts/HEALTH-CORONAVIRUS-CRYPTOCURRENCIES/0H001R8H5CDV/eikon.png) (Reporting by Tom Wilson; Editing by Catherine Evans)', 'By Tom Wilson\nLONDON (Reuters) - As worries over the economic hit from the coronavirus outbreak spread from stocks, oil and bonds to cryptocurrencies late last week, bitcoin crashed to its worst day in seven years. But plummeting prices weren\'t the only problem for investors.\nAs volatility and volumes spiked, the infrastructure underpinning digital coin trading creaked under the strain.\nFutures exchanges saw a rash of electronically-triggered liquidations of leveraged positions, fuelling pressure on prices. Spreads between exchanges jumped. And at least two major exchanges went down, leaving investors locked out of the market for well over an hour.\nBitcoin prices collapsed nearly 40% on March 12, the biggest one-day drop since spring 2013, before jumping 16% a day later.\nVolatility raced to its highest in seven years, with volumes across major cryptocurrency exchanges soaring to $30.8 billion on March 12-13, data from industry website CryptoCompare shows -- among the four highest two-day totals on record.\nAs the turmoil gripped markets, New York exchange Gemini said it fell offline for less than 90 minutes. Seychelles-based BitMEX, one of the world\'s biggest platforms for leveraged derivatives trading, went down twice, for a total of 45 minutes.\nA spokeswoman for Gemini said the exchange "observed a technical issue impacting a subset of our customers."\n"In an abundance of caution, and to protect the integrity of our marketplace, we paused the market to resolve the issue and ensure all market services were back online in a healthy state prior to reopening," she said.\nGemini declined to detail the problem, or comment on whether it was caused or exacerbated by market moves.\nBitMEX said its outages were due to denial-of-service cyberattacks that stopped messages from reaching its trading engines. The unidentified attackers "waited for the moment their attack would make the most market impact" and overwhelmed the platform "during a moment of peak volatility", it said.\nThe outages were a reminder of the fragility of key components in crypto markets, underscoring the dangers of a high-risk asset that large investors typically steer clear of.\nAnd while most exchanges continued as normal during the turbulence, the Gemini and BitMEX episodes may also fuel doubts that bitcoin\'s infrastructure is solid enough for it to work as an alternative to traditional currencies.\n"There\'s no way to say it\'s good for the ecosystem when exchanges go down," said Richard Galvin of crypto fund Digital Asset Capital Management.\n(GRAPHIC: Bitcoin plummets - https://fingfx.thomsonreuters.com/gfx/editorcharts/HEALTH-CORONAVIRUS-CRYPTOCURRENCIES/0H001R8H9CE4/eikon.png)\nFRAGILE INFRASTRUCTURE?\nAs bitcoin struggles to evolve from rebel technology into mainstream asset, the outages underscore the fragility of the sector at times of stress, industry figures said.\n"Volatility is not an issue -- it\'s whether the technology can deal with the volatility." said Denis Vinokourov at crypto exchange BeQuant.\nMost crypto exchanges have bolstered their capacity to deal with high volatility and volumes, and the majority of major exchanges continued operating normally late last week.\nBut with crypto markets having been dogged by cyberattacks since their birth 12 years ago, exchanges should be better prepared, said Tim Swinson, head of market intelligence at Clearmatics, a London-based blockchain startup that designs peer-to-peer payment platforms.\n"The fact that exchanges are still being taken down is par for the course, but it shouldn\'t be an excuse," he said. "It shouldn\'t be normal."\n(GRAPHIC: Volatile times - https://fingfx.thomsonreuters.com/gfx/editorcharts/HEALTH-CORONAVIRUS-CRYPTOCURRENCIES/0H001R8H6CDY/eikon.png)\nCIRCUIT BREAKERS\nAs bitcoin fell on Thursday, positions on major derivatives exchanges such as BitMEX, which offers highly leveraged trading, were automatically **Last 60 Days of Bitcoin's Closing Prices:** [8706.25, 8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46, 8599.51, 8562.45, 8869.67, 8787.79, 8755.25, 9078.76, 9122.55, 8909.95, 8108.12, 7923.64, 7909.73, 7911.43, 4970.79, 5563.71, 5200.37, 5392.31, 5014.48, 5225.63, 5238.44] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-03-19 **Financial & Commodity Data:** - Gold Closing Price: $1478.60 - Crude Oil Closing Price: $25.22 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $99,131,392,200 - Hash Rate: 82285031.3575081 - Transaction Count: 231254.0 - Unique Addresses: 476482.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.12 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Larry Harmon was arrested earlier this week for allegedly participating in a money-laundering conspiracy worth more than$300 millionin cryptocurrency involving darknet marketplace AlphaBay. However, the family of the Coin Ninja CEO claims he was never involved with AlphaBay. Harmon’s case raises pressing questions about developer liability in the crypto industry. In addition to the crypto media site Coin Ninja, Harmon created the bitcoin (BTC) mixer Helix, which sends transactions out in mixed batches so individual payments are harder to trace.In its indictment, Department of Justice prosecutors refer to Helix as a “money transmitting and money laundering business.” Related:For Crypto Miners, Bitcoin’s Halving Could Mean a Doubling in Costs “Helix enabled customers, for a fee, to send bitcoins to designated recipients in a manner which was designed to conceal and obfuscate the source or owner of the bitcoins,” the indictment continues. “This type of service is commonly referred to as a bitcoin ‘mixer’ or ‘tumbler.’” In astatementThursday, Justice Department Assistant Attorney General Brian Benczkowski made the department’s views on bitcoin mixers clear. “This indictment underscores that seeking to obscure virtual currency transactions in this way is a crime,” he said. Harmon’s brother and Coin Ninja coworker, Gary Harmon, said Helix did not directly partner with AlphaBay and the darknet market recommended the mixer without Larry’s permission or input. (Helix shut down in 2017; AlphaBay wasseized by the Federal Bureau of Investigation(FBI) in July 2017.) Since the arrest, Larry’s wife Margot has received threatening phone calls and texts from unknown numbers saying the harasser knows the location of her home and she is no longer safe there, Gary told CoinDesk in an interview. Related:Bitcoin Closing on Daily Golden Cross That Could Bring Boost to 2020 Price Rally “Now our family is getting threatened because the FBI decided to tell the world that there might be money hidden with us somehow,” Gary said. “They have no proof of this and are now putting our family in danger.” Gary said all his brother’s assets have been frozen and he was denied bail over flight-risk concerns. As such, the family has started aGoFundMecampaign for its expenses during the trial. ”Our address is on it,” Margot Harmon said of the indictment. “At the bond hearing they alleged that he may have had some more bitcoin. So that put us at risk.” Gary said the authorities have already confiscated all of his brother’s hardware wallets and Margot doesn’t have any more bitcoin at home. The Department of Justice says it worked with the Belize National Police Department to search Harmon’s timeshare in Belize as well. Gary said the police “trashed” both of his brother’s homes. Listen withApple Podcasts,Spotify,Pocketcasts,Google Podcasts,Castbox,Stitcher,RadioPublicaor viaRSS. Many bitcoin experts are concerned this could establish a precedent where simply creating a bitcoin mixer is seen, in itself, as a money-laundering conspiracy. Bitcoin Core contributor Matt Corallotweetedthat if this accusation was upheld by the federal court in Washington, D.C., it would be “the beginning of the end.” Margot said her husband was interested in privacy technology, not criminal activity. She offered the example of queer people who may want to purchase porn or sex products without judgment from conservative family members. “Larry has always been an advocate for privacy. He doesn’t know any bad guys from the dark web. He just wanted to help people have better privacy,” she told CoinDesk Thursday. “It’s a basic right we are guaranteed in the Constitution.” The courts may decide in this case if the Fourth Amendment actually relates to bitcoin when it says Americans have the right to be “secure in their persons, houses, papers, and effects, against unreasonable searches and seizures.” Whether or not this includes aright to privacy, generally speaking, is a hotly debated issue among legal experts. In May, the Dutch Financial Criminal Investigative Service seized and shut down the popular mixing serviceBestmixer.iobut other companies, such as the privacy-centric bitcoin walletWasabi, have built-in mixers as the backbone of their business strategy. These bitcoin wallet startups typically offer non-custodial mixers, unlike the custodial mixer Helix. The Canadian venture fundCypherpunk Holdingsis invested in both Wasabi’s parent company and Samourai Wallet, which also offers a mixing service. The public policy groupCoin Centerargued non-custodial mixers should not be subject to regulation because they offer user-hosted software tools. Only time will tell if the court agrees this reduces the developer’s liability. CORRECTION (Feb. 14, 04:00 UTC):This article has been updated to clarify the difference between bitcoin mixers that custody digital assets and ones where users retain custody. • The US Government’s Mixed Signals on Digital Currency Privacy • EFF Defends Ex-Kraken Employee’s Right to Post Anonymously About Company... - Reddit Posts (Sample): [['u/jonald_fyookball', 'The whole world has forgotten (or never realized) what Bitcoin was supposed to be.', 79, '2020-03-19 03:46', 'https://www.reddit.com/r/btc/comments/fl2ise/the_whole_world_has_forgotten_or_never_realized/', 'A new kind of money. Permissionless, unstoppable peer to peer electronic cash. Instant and nearly free. This is by far the most important use case for blockchain technology, and Bitcoin Cash (BCH) is the project with the highest chance of success for this.', 'https://www.reddit.com/r/btc/comments/fl2ise/the_whole_world_has_forgotten_or_never_realized/', 'fl2ise', [['u/ericreid9', 38, '2020-03-19 04:07', 'https://www.reddit.com/r/btc/comments/fl2ise/the_whole_world_has_forgotten_or_never_realized/fkwad74/', "I always thought BTC was a store of value, but I found out some new things when [reading the whitepaper](https://www.bitcoin.com/bitcoin.pdf) today /s\n\n&gt;**Bitcoin: A Peer-to-Peer Electronic Cash System** \n&gt; \n&gt;Abstract. A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution\n\nEdit: I'm confused how people can debate this endlessly. You can fit Satoshi's intention of Bitcoin as peer to peer electronic cash in a 240 character tweet, yet somehow BTC doesn't resemble any of this.", 'fl2ise'], ['u/jonald_fyookball', 28, '2020-03-19 04:20', 'https://www.reddit.com/r/btc/comments/fl2ise/the_whole_world_has_forgotten_or_never_realized/fkwbgnr/', "&gt;I'm confused how people can debate this endlessly.\n\nPropaganda works.", 'fl2ise'], ['u/MarchewkaCzerwona', 19, '2020-03-19 04:38', 'https://www.reddit.com/r/btc/comments/fl2ise/the_whole_world_has_forgotten_or_never_realized/fkwcxr1/', "And greed.\n\nBecause most are buying cryptocurrencies to speculate. Often simply by buying and waiting to cash out later. That's easy and has no entry barriers. All that one has to do is hodl and defend bags. Even If from bitcoins original purpose.\n\nBitcoin cash is the greatest enemy of all as it is trying to prove bitcoin (and crypto **currencies**) was supposed to be money. First and foremost. \n\nThat's hilarious to look at, but that's reality.", 'fl2ise'], ['u/NormalTechnology', 14, '2020-03-19 06:02', 'https://www.reddit.com/r/btc/comments/fl2ise/the_whole_world_has_forgotten_or_never_realized/fkwj8ck/', 'I miss when everyone thought we were going to make banks obsolete.', 'fl2ise'], ['u/freesid', 16, '2020-03-19 06:05', 'https://www.reddit.com/r/btc/comments/fl2ise/the_whole_world_has_forgotten_or_never_realized/fkwjfob/', "Given that 99% of the world doesn't know how money works (fractional reserve, inflation, etc.), this is no surprise. I only understood these at 35 -- ashamed.", 'fl2ise'], ['u/scotty321', 11, '2020-03-19 07:27', 'https://www.reddit.com/r/btc/comments/fl2ise/the_whole_world_has_forgotten_or_never_realized/fkwoepv/', '^ Brand new Reddit account created in the last few days, has already accumulated lots of negative karma, trolling us here with statements that are **LITERALLY** the **EXACT OPPOSITE** of truth. \n\nLike, every sentence above is a complete **ANTONYM** to the truth. \n\nWell done. It must be opposite day.', 'fl2ise'], ['u/jessquit', 10, '2020-03-19 08:20', 'https://www.reddit.com/r/btc/comments/fl2ise/the_whole_world_has_forgotten_or_never_realized/fkwr9v2/', '&gt;The whitepaper? Yeah, I\'m pretty much in line with it. \n\nLolwut. Show me on what page it proposes using third parties to route your payments.\n\nLightning Network is not "Alice pays Bob." Lightning Network is "Alice asks Charlie to debit her account (channel), and credit Bob\'s."\n\nYou know. **Like banking.**\n\n&gt; It\'s exactly that mindset and attitude that has landed you all in the position you\'re in today.\n\nThe reason we\'re in this position is [quite clear.](https://medium.com/@johnblocke/a-brief-and-incomplete-history-of-censorship-in-r-bitcoin-c85a290fe43)\n\nYou people succeeded in breaking Bitcoin with your organized disinformation campaigns. \n\nDelete your account. You have no power here.', 'fl2ise'], ['u/weepingguitars', 17, '2020-03-19 09:38', 'https://www.reddit.com/r/btc/comments/fl2ise/the_whole_world_has_forgotten_or_never_realized/fkwv33x/', 'LN hubs are the definition of banks. Not to mention custodial LN accounts.', 'fl2ise'], ['u/BitttBurger', 15, '2020-03-19 09:41', 'https://www.reddit.com/r/btc/comments/fl2ise/the_whole_world_has_forgotten_or_never_realized/fkwv8cr/', 'Oh the lightning network? You mean the system that was literally funded by banks as investors in blockstream to the tune of $120 million? \n\nWake the fuck up you fucking retards.', 'fl2ise']]], ['u/ericreid9', 'Gap between BTC &amp; BCH transaction count dropped over past few days', 24, '2020-03-19 04:03', 'https://www.reddit.com/r/btc/comments/fl2rso/gap_between_btc_bch_transaction_count_dropped/', 'Every week or so I look at [Bit Info Charts BTC vs BCH](https://bitinfocharts.com/comparison/transactions-btc-bch.html#3m) transaction count graph. Just to see periodically how things are progressing. \n\nI was quite surprised today when I saw over the past few days the BTC transaction count has been dropping while the BCH count has been increasing. \n\nOf course BTC fees get in the way, but will be curious if trends like this continue over the coming months. Any other theories why this is happening?\n\n&amp;#x200B;\n\nhttps://preview.redd.it/sr9bz9k4pjn41.png?width=1806&amp;format=png&amp;auto=webp&amp;s=ec992485bbbe5a767dee0a5cf0924019dc93bde5', 'https://www.reddit.com/r/btc/comments/fl2rso/gap_between_btc_bch_transaction_count_dropped/', 'fl2rso', [['u/melllllll', 15, '2020-03-19 06:39', 'https://www.reddit.com/r/btc/comments/fl2rso/gap_between_btc_bch_transaction_count_dropped/fkwlk5g/', "BTC blocks are full (nothing new there) but the hashrate dropped so they've been getting [less than 5 blocks/hour for days](https://fork.lol/blocks/time). That's why their transaction count dropped.\n\nI have no idea why BCH transactions increased. Hopefully for something useful :)", 'fl2rso']]], ['u/AutoModerator', '[Daily Discussion] Thursday, March 19, 2020', 39, '2020-03-19 05:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/fl3lu7/daily_discussion_thursday_march_19_2020/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas &amp; 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**Other ways to interact:**\n\n* [Get an invite](https://join.slack.com/t/reddit-bitcoinmarkets/shared_invite/enQtNjM1NTg3ODgwODUzLTQ2NjZjYjYxMWExZmZmMWY0MDNlN2JlM2RhZmM0NWY1YzY1MDlkOTMyNWFjNTZjYTg1ZDM2YmEwMWRkZjIwYjM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)\n* Set your flair to trade pretend money in [the Flair Game](https://coinsight.org/flairgame)\n* Weekly threads: [Newbie Mondays](http://www.reddit.com/r/BitcoinMarkets/search?q=newbie+monday&amp;sort=new&amp;restrict_sr=on&amp;t=all) and [Fundamentals Fridays](http://www.reddit.com/r/BitcoinMarkets/search?q=fundamentals+friday&amp;sort=new&amp;restrict_sr=on&amp;t=all)\n* Altcoins Discussion: [Altcoin Discussion](http://www.reddit.com/r/BitcoinMarkets/search?q=altcoin+discussion&amp;sort=new&amp;restrict_sr=on&amp;t=all)", 'https://www.reddit.com/r/BitcoinMarkets/comments/fl3lu7/daily_discussion_thursday_march_19_2020/', 'fl3lu7', [['u/[deleted]', 16, '2020-03-19 05:06', 'https://www.reddit.com/r/BitcoinMarkets/comments/fl3lu7/daily_discussion_thursday_march_19_2020/fkwf8bn/', 'When stonks start to go up again bitcoin will go up bigly. That’s my prediction.', 'fl3lu7'], ['u/_TROLL', 16, '2020-03-19 05:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/fl3lu7/daily_discussion_thursday_march_19_2020/fkwiank/', '&gt; Going to start with 0.01 BTC and do only 100x trades.\n\nSorry for your future loss.', 'fl3lu7'], ['u/ChampXs5', 12, '2020-03-19 06:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/fl3lu7/daily_discussion_thursday_march_19_2020/fkwjn9k/', 'Is that what your great grand pappy said in 1929?', 'fl3lu7'], ['u/sneekee_11', 11, '2020-03-19 06:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/fl3lu7/daily_discussion_thursday_march_19_2020/fkwmmvq/', "That didn't happen yesterday", 'fl3lu7'], ['u/sl0wRoast', 21, '2020-03-19 08:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/fl3lu7/daily_discussion_thursday_march_19_2020/fkwsbjw/', 'Looking for that mega Bart back to 8k', 'fl3lu7'], ['u/Rektoshiraptor', 10, '2020-03-19 08:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/fl3lu7/daily_discussion_thursday_march_19_2020/fkwt3i7/', 'Very bitcoin.. then a rip down into the 3ks and settle at 6', 'fl3lu7'], ['u/Maegfaer', 16, '2020-03-19 10:01', 'https://www.reddit.com/r/BitcoinMarkets/comments/fl3lu7/daily_discussion_thursday_march_19_2020/fkww4w8/', "&gt;The major wake up call for me was yesterday though. The whole global markets were collapsing (commodities, stocks etc) and bitcoin, which was lately correlated to those, suddenly got a huge spike and kept going UP steadily. This should not have happened, especially since bitcoin is a high risk and volatile asset.\n\nBitcoin did something you did not expect, so it must be manipulation. This is a classic BitcoinMarkets coping mechanism. After all, there's no way that you could be *wrong* about the market!", 'fl3lu7'], ['u/Fratedow', 13, '2020-03-19 10:32', 'https://www.reddit.com/r/BitcoinMarkets/comments/fl3lu7/daily_discussion_thursday_march_19_2020/fkwxkzi/', '[https://www.tradingview.com/x/k4O1LqRh/](https://www.tradingview.com/x/k4O1LqRh/)\n\nBitcoin finally breaking 6000 or 6100 would turn me short-/midterm a bit more bullish. But till then, I will stay only spot long and if we get rejected fr... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
6198.78, 6185.07, 5830.25, 6416.31, 6734.80, 6681.06, 6716.44, 6469.80, 6242.19, 5922.04
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:** ['With the global economy reeling from the coronavirus crisis, bitcoiners are increasingly turning to crypto wallets with privacy features.\nA masking feature called “coinjoin” batches transactions together so it’s harder to identify specific participants. Some refer to it as “mixing,” but others dislike that term for its associations with money laundering.\nThe bitcoin-centric Samourai Wallet, a suite of apps that operates without the involvement of a central custodian, facilitated more batched transactions so far in March than any other month since the feature was first released on desktoplast summer.\nRelated:As This Crisis Worsens, Bitcoin Will Become a Safe Haven Again\nAccording to bitcoin podcaster Matt Odell, the competingWasabi Walletis currently the most popular coinjoin option, with 3,769downloadssince March 3, followed bySamourai WalletthenJoinMarket. Odell said Samourai’s addition ofWhirlpoolmobile support in February 2020 was “a game-changer.”\n“Mobile support is a huge step forward in user experience,” Odell said. “All bitcoin users should be encouraged to use coinjoin otherwise they expose their transaction history to those they pay and those who pay them.”\nByhis tally, the number of coinjoin cycles run through Whirlpool this month is 4,758, more than double the number in February. Samourai Wallet said in a statement that the term “collaborative transaction” is more accurate than the colloquial “mixing” because transactions happen directly between users.\n“This is a fundamentally different proposition than custodial tumblers or ‘mixers’ like Helix,” said Samourai Wallet, referring to the service that landed its creator inlegal troublewith the U.S. Department of Justice last month.\nRelated:Bitcoin Bumps Up, but for How Long?\nHowever, it’s tricky for new bitcoiners to use such privacy tech becausemany exchanges, like Coinbase, Binance or even smaller exchanges like Bits of Gold, flag mixing wallets as a sign of suspicious activity.\nAlthough Bits of Gold CEO Youval Rouach said his exchange saw hundreds of new users over the past two weeks, with new user signups up over 139 percent, they won’t be able to cash out to Samourai Wallet.\n“We see regulation not as a hurdle, but as a step forward toward mainstream adoption,” Rouach said, adding that regulators may consider mixer wallets a “red flag” and “brokers should report those transactions to the anti-money laundering authorities.”\nIn the U.S., attorneyRafael Yakobisaid such policies aren’t necessary because there are legitimate safety considerations for maintaining financial privacy.\n“Maintaining the privacy of your balances and ties to all past and future transactions, that’s not suspicious,” Yakobi said. “It’s just a normal thing that people should be doing.”\nSeparately, he believes the Financial Crimes Enforcement Network’s (FinCEN) May 2019 guidance indicates non-custodial services are exempt from money transmitter requirements because they don’t “accept and transmit value on behalf of users.”\nAttorney Gabriel Shapiro is less certain about FinCEN’s approach to non-custodial wallets with group transactions.\n“Money transmitter laws are very broad and powerful,” Shapiro said. “I am not confident that the mere fact that Samourai does [group transactions] on a ‘non-custodial’ basis is sufficient to protect them from the ambit of financial regulations.”\nRegardless of legal ambiguity in some jurisdictions, privacy tools are essential to bitcoin’s value proposition.\nBitcoin Core contributor James O’Beirne said the coronavirus crisis is inspiring some bitcoiners to question bitcoin’s core value proposition.\n“The inflation hedge use case becomes less compelling if bitcoin’s performance mirrors equities; everyday investors will just use what they’re already familiar with, which is stocks,” O’Beirne said. “Bitcoin has been prone to the same liquidity-induced sell-offs that stocks have, it’s been kind of sobering. … I think that will continue as traditional markets continue to decline.”\nThe price drop is especially relevant to businesses likeminersand exchanges. If the bitcoin price drops low and stays there, it will be less profitable for miners to power the network.\n“Then all the commercial infrastructure of bitcoin is generally going to require longer block confirmation times,” O’Beirne said. “If the security gets low enough in bitcoin, doing the final settlement might start to take as long as it does in the traditional system. Then that big benefit of bitcoin gets impaired.”\nBitcoin’s prospective usage as an investment hedge or faster payments network remains unclear. But the censorship resistance use case is still intact so far. According to a source with knowledge of the matter, there is a six-man effort to use cryptocurrency to buy supplies for a medical mask factory in Iran, a nation devastated by botheconomic sanctionsand acoronavirus outbreakthat claimed more than1,284 Iranian livesso far.\nThese rare cases, using cryptocurrency to buy medicine or supplies despite compliance challenges, do not appear to be a leading use case for the growing popularity of group transactions. When asked if they use such privacy tools, the Iranian factory source said he doesn’t know what a “mixer” is and they’ve used just $1,000 worth of cryptocurrency, both bitcoin and the stablecoin tether (USDT).\nAs Yakobi pointed out, many bitcoiners around the world see batched transactions as a regular part of their privacy-tech setup. Batching bitcoin might be comparable to choosing not to write your name in ink on every dollar bill you accept or send.\nSince the Bitcoin blockchain is public, regular transactions state the user’s address in simple, clear letters. Not writing your name is a good way to not attract stalkers or thieves down the line. O’Beirne said bitcoin is still in its infancy, too immature as a technology to be useful for resisting law enforcement. Beyond fungibility, self-custody is still rare among bitcoin enthusiasts.\n“In reality, maybe 0.1 percent of anybody is going to do that [self-custody],” O’Beirne said. “But having this option is really important.”\nAlong those lines, Tel Aviv Bitcoin Embassy volunteer Sarah Wiesner said batched transactions are becoming more important as governments like her own in Israel ramp upsurveillance measuresin the name of coronavirus containment. She sees learning about such privacy-focused wallets as a routine security step for the real circumstances she lives in.\n“A mixer is not enough, you also need to make your device somewhat safe from mass surveillance,” Wiesner said. “With cash being banned or discouraged [in Tel Aviv], using mixers will be much more important.”\n• State Power After Coronavirus, Feat. Peter McCormack\n• The Puell Multiple Is Turning Bullish on Bitcoin', 'With the global economy reeling from the coronavirus crisis, bitcoiners are increasingly turning to crypto wallets with privacy features. A masking feature called “coinjoin” batches transactions together so it’s harder to identify specific participants. Some refer to it as “mixing,” but others dislike that term for its associations with money laundering. The bitcoin-centric Samourai Wallet, a suite of apps that operates without the involvement of a central custodian, facilitated more batched transactions so far in March than any other month since the feature was first released on desktop last summer . Related: As This Crisis Worsens, Bitcoin Will Become a Safe Haven Again According to bitcoin podcaster Matt Odell, the competing Wasabi Wallet is currently the most popular coinjoin option, with 3,769 downloads since March 3, followed by Samourai Wallet then JoinMarket . Odell said Samourai’s addition of Whirlpool mobile support in February 2020 was “a game-changer.” “Mobile support is a huge step forward in user experience,” Odell said. “All bitcoin users should be encouraged to use coinjoin otherwise they expose their transaction history to those they pay and those who pay them.” By his tally , the number of coinjoin cycles run through Whirlpool this month is 4,758, more than double the number in February. Samourai Wallet said in a statement that the term “collaborative transaction” is more accurate than the colloquial “mixing” because transactions happen directly between users. “This is a fundamentally different proposition than custodial tumblers or ‘mixers’ like Helix,” said Samourai Wallet, referring to the service that landed its creator in legal trouble with the U.S. Department of Justice last month. Related: Bitcoin Bumps Up, but for How Long? However, it’s tricky for new bitcoiners to use such privacy tech because many exchanges , like Coinbase, Binance or even smaller exchanges like Bits of Gold, flag mixing wallets as a sign of suspicious activity. Although Bits of Gold CEO Youval Rouach said his exchange saw hundreds of new users over the past two weeks, with new user signups up over 139 percent, they won’t be able to cash out to Samourai Wallet. “We see regulation not as a hurdle, but as a step forward toward mainstream adoption,” Rouach said, adding that regulators may consider mixer wallets a “red flag” and “brokers should report those transactions to the anti-money laundering authorities.” In the U.S., attorney Rafael Yakobi said such policies aren’t necessary because there are legitimate safety considerations for maintaining financial privacy. Story continues “Maintaining the privacy of your balances and ties to all past and future transactions, that’s not suspicious,” Yakobi said. “It’s just a normal thing that people should be doing.” Separately, he believes the Financial Crimes Enforcement Network’s (FinCEN) May 2019 guidance indicates non-custodial services are exempt from money transmitter requirements because they don’t “accept and transmit value on behalf of users.” Attorney Gabriel Shapiro is less certain about FinCEN’s approach to non-custodial wallets with group transactions. “Money transmitter laws are ver **Last 60 Days of Bitcoin's Closing Prices:** [8657.64, 8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46, 8599.51, 8562.45, 8869.67, 8787.79, 8755.25, 9078.76, 9122.55, 8909.95, 8108.12, 7923.64, 7909.73, 7911.43, 4970.79, 5563.71, 5200.37, 5392.31, 5014.48, 5225.63, 5238.44, 6191.19] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-03-20 **Financial & Commodity Data:** - Gold Closing Price: $1484.00 - Crude Oil Closing Price: $22.43 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $121,206,722,800 - Hash Rate: 89690684.1796838 - Transaction Count: 284594.0 - Unique Addresses: 564748.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.09 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin has dipped back below the psychological area of support near the $10,000 level amid a 20-minute sell-off that took the markets by surprise. At around 21:30 UTC on Feb. 19, the price ofbitcoin(BTC) fell more than 4.5 percent from $10,086 to $9,610, according to CoinDesk’s BPI data, despite the technical signs appearing to favor thebulls. On exchanges like Bitstamp and Coinbase, prices dropped to as low as $9,280 before quickly being snatched up by opportunistic buyers looking to capitalize on the fall. BTC is now changing hands at around $9,719. Related:Oil Prices Are Now More Volatile Than Bitcoin “I’m a long holder and even I’m shook,” said BTC investor and podcast host Brad Mills in a recenttweet. “That usually means too much exposure,” he added. Indeed, the sell-off caught many traders unawares as the price of BTC shed much of the gains achieved over the last few days, with BTC’s price rising out of a prior area of resistance near $9,483 on Feb. 17 to above $10,000 a day later. So far sellers are intent on keeping prices below hourly resistances near $9,793. That will be a telling sign should prices remain below that level in the coming days, towards the end of the weekly closing session on Feb. 24. Related:Bitcoin News Roundup for Feb. 20, 2020 Yassine Elmandjra, a crypto analyst at Ark Invest, said in a recenttweetthat today marks BTC’s fifth-largest hourly price drop in history. “The only other time we’ve seen a greater dollar price drop is at the December 2017 peak,” Elmandjra said. Other notable cryptocurrencies are also down, with the likes ofXRP(XRP),ether(ETH) andbitcoin cash(BCH) down between 5.5 and 8.1 percent over a 24-hour period. Tezos, on the other hand, is still trending up 5.46 percent on a 24-hour basis and one of the only crypto in the top 20 to still be in the green, Messari data shows. UPDATE (Feb. 20, 00:25 UTC):Co-founder and managing partner atKenetic, Jehan Chu, told CoinDesk that “today’s sell-off was nothing more than short-term profit-taking in a market gaining steam. Pullbacks like this are common and we can expect oscillations, but this year’s upward and dominant trajectory for bitcoin is clear.” • Bitcoin Traps Buyers With Biggest Daily Price Loss in Three Months • OpenNode Finds Way for Retailers to Turn Fiat Payments Into Bitcoin (Using Apple Pay)... - Reddit Posts (Sample): [['u/throwawayopiates9876', 'The Corona Virus triggered a fortuitous domino effect that got me clean', 78, '2020-03-20 00:25', 'https://www.reddit.com/r/opiates/comments/flk708/the_corona_virus_triggered_a_fortuitous_domino/', 'There\'s a popular pharma vendor on E who began slowly exit scamming a few months ago. \n\nOn his profile page, he deviously urges people to stock up due to the coronavirus. "Buy a month\'s supply, just incase" he says - then takes people\'s money but doesn\'t send the goods. \n\nI also believe his exit strategy began partly in response to the fall of the crypto market. During a downtrend, these vendors know they\'ll be losing money on many transactions. Again, you could say the markets fell in response to the corona scare. \n\nAnd now, after waiting 8 days for my own months supply of oxy, it seems I\'ve also become collateral damage in this web of corona-inspired treachery. £125 down the drain, unless the dispute process works out. Even then, due the fall in Bitcoin, that would now be worth around £80.\n\nBut luckily I\'m now 14 days clean. I was also 14 days clean 14 days ago. So essentially I\'ve used twice in the past month. This is progress of the highest order for me. I\'m already feeling the regenerative effects of being clean. Feelings are coming back, memories, a sense of self, healthy erections. \n\nMy humanity is returning, and I can see how \'demonic\' is truly an appropriate metaphor for how we become controlled by our addictions. You just can\'t see it when you\'re in the middle of it.\n\nMy desire for mercantile justice is now in conflict with my desire to get clean. I want what I paid for, or at least a refund, but I don\'t want to break my progress so far. I\'ve proven to myself that I can successfully \'chip\' oxy by using once a week, but would I want to? Even weekly use takes its toll.', 'https://www.reddit.com/r/opiates/comments/flk708/the_corona_virus_triggered_a_fortuitous_domino/', 'flk708', [['u/hmurray100', 18, '2020-03-20 01:04', 'https://www.reddit.com/r/opiates/comments/flk708/the_corona_virus_triggered_a_fortuitous_domino/fkz4m9p/', 'Consider it a sunk cost for the risk of doing business, let it go, learn from it, and move on. It was worth the cost to get clean, congratulations, and be proud!!!', 'flk708'], ['u/throwawayopiates9876', 13, '2020-03-20 01:06', 'https://www.reddit.com/r/opiates/comments/flk708/the_corona_virus_triggered_a_fortuitous_domino/fkz4tft/', 'Thank you. Definitely. Well worth the cost. If this continues I may need to contact the vendor who burned me and thank him.', 'flk708'], ['u/PhillyBirds89', 14, '2020-03-20 02:12', 'https://www.reddit.com/r/opiates/comments/flk708/the_corona_virus_triggered_a_fortuitous_domino/fkzay0d/', 'When u said months supply i was thinkin thousands of dollars lol losing a cpl hundred still sucks but if u stay clean thats the best shit that could of happened to u. Hope u stay on the right track man. U got a golden opportunity ahead of u, make the most of it! U can def do it', 'flk708']]], ['u/droid327', 'Full Access Month Checklist', 50, '2020-03-20 00:31', 'https://www.reddit.com/r/ddo/comments/flk9y9/full_access_month_checklist/', 'I thought it might be useful to compile a clearinghouse of things you might want to acquire while everyone has full access to all quests, if you dont normally own the content. Things that will provide permanent benefits after the free access period ends, beyond the obvious stuff like "farm a named item/set you want".\n\nTwo things stand out to me as must-dos if you dont have them already: \n- Eveningstar: Unlock Harper Agent on the server \n- House Cannith: unlock Arti on the server \n\nOther things are also highly useful: \n- Sharn: Unlock Inquisitive on a character \n- Ravenloft: Unlock VKF on a character \n- House Cannith: unlock the Favor shop for this life, stock up on crafting boosters \n- Death Ward clicky: Rose Quartz Sigil Stone (ML9, WPM) or Visor of the FRG (ML5, Tangleroot) \n- Teleport clicky: Royal Guard mask (ML11, Restless Isles) \n- Keep: Get a mount (they\'re BTC, but the Feathers arent) \n- Keep: get the 3x Expeditious Retreat boots for TRing (big QOL over 2x on Angers Step), Giyar\'s Boots \n- Devil Assault: farm a craftable trinket (Shard of Power). You can also get an ML1 one from Threnal but I think its way rarer.\n\nI dont own all the content currently so please add in more suggestions of things I dont know about/forgot :)', 'https://www.reddit.com/r/ddo/comments/flk9y9/full_access_month_checklist/', 'flk9y9', [['u/usernametaken0987', 11, '2020-03-20 01:09', 'https://www.reddit.com/r/ddo/comments/flk9y9/full_access_month_checklist/fkz54xc/', "Delera's Tomb: Voice of the Master (+5% xp). \n\nMists of Ravenloft: Sentient Jewel &amp; your choice of Barovian Weapon (+5, +3d10 vs undead, +3d6 holy, +3d6 fire, silver, red slot, ml10, epics are +9dx) for entering the explorer. \n\nDreaming Dark: Pretty much a guaranteed Pale Lavender Ioun Stone on the third run. \n\nPath on Inspiration: Upgrade materials for dreaming dark's ioun stones, makes lavender a permanent item.\n\nDon't forget **Total Favor** rewards too. 4th &amp; 7th level vet, Favored Soul, a +2 &amp; +5 tome.", 'flk9y9']]], ['u/really4got', 'Kevin and the spider', 300, '2020-03-20 00:36', 'https://www.reddit.com/r/StoriesAboutKevin/comments/flkd7j/kevin_and_the_spider/', "Another post since removed reminded me of this story but in this case it really was a Kevin.\n\nA few years ago I worked in a call center on 3rd shift. We were a small team with a specific focus stuck in a room meant for 250 plus people but due to changes we were the only team in the room. A total of maybe 25 people split between three shifts. So a lot of space and empty cubicles. \n\n3rd shift attracts weirdos anyway so it shpuld be no surprise that we had multiple kevins. But one was a special breed.\n\nThis Kevin was a right wing conspiracy theorists who planned on making his his fortune trading with bitcoin and other questionable crypto currency \n\n\nHe got all his info and news from alt right YouTube sources. He believed there was a multi international spy organization working for the DNC(he meant DNP but always said DNC) helping Hilary Clinton.\n\nJust some background to show his spectacular Kevinish tendencies.\n\nBut onto the spider(s)...as I've said we worked in a latge mostly empty room. In an older building that was falling into disrepair. So there were bugs...and crickets.. And spiders. Mostly wolf spiders which btw are not dangerous but creepy. I don't like spiders but I don't kill them because I'd rather have spiders than the nasty bugs they eat.\n\nKevin was sure he had spotted a GIANT spider. I told him I'd look for it on my next break and move it outside. But its the size of a QUARTER....he complained\n\nAnd of corse he didn't wait and on his next break he spotted the spider and tried to kill it.\n\nWhen he hit the giant spider it turned out to be a wolf spider loaded down with hundreds of baby spiders that SCATTERED ON IMPACT.\n\nThe screams were spectacular. And now instead of of one spider we had hundreds. Which resulted in me calling facilities and sending out an email to daytime management explaining we now had a spider infestation and why\n\nI don't miss that job or that Kevin", 'https://www.reddit.com/r/StoriesAboutKevin/comments/flkd7j/kevin_and_the_spider/', 'flkd7j', [['u/grimfolse', 99, '2020-03-20 01:22', 'https://www.reddit.com/r/StoriesAboutKevin/comments/flkd7j/kevin_and_the_spider/fkz6asn/', "Silly Kevin. You don't stomp spiders. You burn the building down, rebuild it, then burn the new building down. You can't be too careful.", 'flkd7j'], ['u/PatiusTheGreat', 62, '2020-03-20 01:54', 'https://www.reddit.com/r/StoriesAboutKevin/comments/flkd7j/kevin_and_the_spider/fkz98cw/', 'I came for a Kevin story and left with fuel for my nightmares tonight', 'flkd7j'], ['u/lcoursey', 40, '2020-03-20 02:23', 'https://www.reddit.com/r/StoriesAboutKevin/comments/flkd7j/kevin_and_the_spider/fkzbx5z/', 'Good story. One minor point: DNC is correct. If you go to the Democrats.org website they refer to themselves as the DNC many times. \n\nKevin is still a nutter.', 'flkd7j'], ['u/HappyDementor67', 20, '2020-03-20 03:20', 'https://www.reddit.com/r/StoriesAboutKevin/comments/flkd7j/kevin_and_the_spider/fkzh23j/', '&gt; bitcoin and other *questionable crypto currency* \n\nyou make it seem like bitcoin is one of the questionable ones.', 'flkd7j'], ['u/Lokimugr', 12, '2020-03-20 03:38', 'https://www.reddit.com/r/StoriesAboutKevin/comments/flkd7j/kevin_and_the_spider/fkzincg/', 'I mean if you think you can just get rich from using it yea.', 'flkd7j'], ['u/HappyDementor67', 10, '2020-03-20 03:41', 'https://www.reddit.com/r/StoriesAboutKevin/comments/flkd7j/kevin_and_the_spider/fkziya5/', "ah, well yea. if you'd mined some back in the early days you'd have quite a bit now, though.", 'flkd7j'], ['u/cbolser', 10, '2020-03-20 04:34', 'https://www.reddit.com/r/StoriesAboutKevin/comments/flkd7j/kevin_and_the_spider/fkznirp/', 'Clearly the spiders were recruited by the DNC. They conspired against Kevin', 'flkd7j']]], ['u/BeijingBitcoins', 'A pound of feathers and a pound of bricks weigh the exact same, but $1 of BTC and $1 of BCH are not worth the same.', 66, '2020-03-20 04:34', 'https://www.reddit.com/r/btc/comments/flnz01/a_pound_of_feathers_and_a_pound_of_bricks_weigh/', 'I\'ve been hosting some pretty popular freeroll BCH tournaments on https://blockchain.poker this week. Yesterday, the winner of the tournament asked about trading his "useless" BCH winnings for BTC. I posted this comment explaining why it makes absolutely no sense to use BTC for a tournament:\n\n&gt;Someone asked in the site chat if they could "flip these useless BCH sats for bitcoin" (of course you can), but I\'d like to explain with some simple math why BCH is ideal for running these tournaments.\n\n&gt;The median fee to send a BCH transacti... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
6185.07, 5830.25, 6416.31, 6734.80, 6681.06, 6716.44, 6469.80, 6242.19, 5922.04, 6429.84
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:** ['CoinDesk reporter Leigh Cuen is joined by cognitive economistLeigh Caldwell, author of “The Psychology of Price,” to talk about mental health and cryptocurrency in a time of coronavirus crisis.\nFor daily insights and unique perspectives listen or subscribe to the CoinDesk Podcast Network withApple Podcasts,Spotify,Pocketcasts,Google Podcasts,Castbox,Stitcher,RadioPublica,IHeartRadioorRSS.\nPeople who struggle with anxiety, gambling addiction and a wide array of other other mental health issues may want to develop healthy habits for engaging with financial tools like cryptocurrency.\nRelated:Bailouts, Bitcoin, Disruption, Failures and Hope\nMost American researchers agree these days that roughly2 percentof the population is estimated to be at high risk for gambling addiction. Case in point: When Texas Tech University Assistant Professor Devin Millssurveyed876 people who had gambled within the previous month, more than half of the respondents traded cryptocurrency.\n“Our data suggests that around 40 percent of regular gamblers who traded cryptocurrencies in the past year reported elevated levels of either depression or anxiety, or both,” Mills said.\nHowever, the frequency with which the respondents traded cryptocurrencies was positively associated with most other types of gambling. The data doesn’t suggestbitcoin(BTC) uniquely causes a gambling addiction, online harassment, or other mental health risks. It may simply be that people who already face these challenges are more likely to trade.\nSee Also: Leigh’sarticleabout how cryptocurrency can be used as a tool by survivors of sexual harassment and domestic abuse.\nRelated:State Power After Coronavirus, Feat. Peter McCormack\n“There is a good Russian saying: The pig will find the dirt,” said New York therapist Yevgenia Mastyayeva, who specializes in gambling addiction. “The technology and society shape your addiction, give it a particular form, but it is you who are predisposed or not to develop addiction in the first place.”\nThere are also other mental health risks associated with cryptocurrency communities, namely habits that exacerbate anxiety disorders or expose users to anxiety-inducing harassment.\nPsychiatrist turned crypto entrepreneur Prash Puspanathan said financial distress can fuel some people’s pre-existing anxiety disorders, which could contribute to suicides. And, regardless of whether someone has an anxiety disorder, routine online harassment is stressful.\nPuspanathan also described online harassment related to “women sexually shamed… with occasionally devastating consequences.” According to aPew Research Centersurvey in 2017, nearly 20 percent of Americans reported online harassment damaged their relationships at home, work or school, sometimes making it more difficult to find housing or employment.\nIn short, a healthy bitcoiner should strive to find a balance of habits, minimized exposure to online harassers, and watch out for signs of erratic or addictive behavior. Some people might prefer to keep a separate budget for crypto investments versus household spending, plus use multisig wallets for long-term holdings, Mills said.\nMastyayeva agreed bitcoin custody setups and trading platforms that simplify “realization of the impulse” might not be the best choice for those who display signs of addictive behavior. Limiting screen time can be helpful.\nWhat else do doctors suggest? Sleep. According to cognitive economist Leigh Caldwell, author of “The Psychology of Price,” it also might be prudent for people to avoid financial choices based mainly on Crypto Twitter.\nFor daily insights and unique perspectives listen or subscribe to the CoinDesk Podcast Network withApple Podcasts,Spotify,Pocketcasts,Google Podcasts,Castbox,Stitcher,RadioPublica,IHeartRadioorRSS.\n• Bitcoin News Roundup for March 20, 2020\n• Bitcoin News Roundup for March 19, 2020', 'CoinDesk reporter Leigh Cuen is joined by cognitive economistLeigh Caldwell, author of “The Psychology of Price,” to talk about mental health and cryptocurrency in a time of coronavirus crisis.\nFor daily insights and unique perspectives listen or subscribe to the CoinDesk Podcast Network withApple Podcasts,Spotify,Pocketcasts,Google Podcasts,Castbox,Stitcher,RadioPublica,IHeartRadioorRSS.\nPeople who struggle with anxiety, gambling addiction and a wide array of other other mental health issues may want to develop healthy habits for engaging with financial tools like cryptocurrency.\nRelated:Bailouts, Bitcoin, Disruption, Failures and Hope\nMost American researchers agree these days that roughly2 percentof the population is estimated to be at high risk for gambling addiction. Case in point: When Texas Tech University Assistant Professor Devin Millssurveyed876 people who had gambled within the previous month, more than half of the respondents traded cryptocurrency.\n“Our data suggests that around 40 percent of regular gamblers who traded cryptocurrencies in the past year reported elevated levels of either depression or anxiety, or both,” Mills said.\nHowever, the frequency with which the respondents traded cryptocurrencies was positively associated with most other types of gambling. The data doesn’t suggestbitcoin(BTC) uniquely causes a gambling addiction, online harassment, or other mental health risks. It may simply be that people who already face these challenges are more likely to trade.\nSee Also: Leigh’sarticleabout how cryptocurrency can be used as a tool by survivors of sexual harassment and domestic abuse.\nRelated:State Power After Coronavirus, Feat. Peter McCormack\n“There is a good Russian saying: The pig will find the dirt,” said New York therapist Yevgenia Mastyayeva, who specializes in gambling addiction. “The technology and society shape your addiction, give it a particular form, but it is you who are predisposed or not to develop addiction in the first place.”\nThere are also other mental health risks associated with cryptocurrency communities, namely habits that exacerbate anxiety disorders or expose users to anxiety-inducing harassment.\nPsychiatrist turned crypto entrepreneur Prash Puspanathan said financial distress can fuel some people’s pre-existing anxiety disorders, which could contribute to suicides. And, regardless of whether someone has an anxiety disorder, routine online harassment is stressful.\nPuspanathan also described online harassment related to “women sexually shamed… with occasionally devastating consequences.” According to aPew Research Centersurvey in 2017, nearly 20 percent of Americans reported online harassment damaged their relationships at home, work or school, sometimes making it more difficult to find housing or employment.\nIn short, a healthy bitcoiner should strive to find a balance of habits, minimized exposure to online harassers, and watch out for signs of erratic or addictive behavior. Some people might prefer to keep a separate budget for crypto investments versus household spending, plus use multisig wallets for long-term holdings, Mills said.\nMastyayeva agreed bitcoin custody setups and trading platforms that simplify “realization of the impulse” might not be the best choice for those who display signs of addictive behavior. Limiting screen time can be helpful.\nWhat else do doctors suggest? Sleep. According to cognitive economist Leigh Caldwell, author of “The Psychology of Price,” it also might be prudent for people to avoid financial choices based mainly on Crypto Twitter.\nFor daily insights and unique perspectives listen or subscribe to the CoinDesk Podcast Network withApple Podcasts,Spotify,Pocketcasts,Google Podcasts,Castbox,Stitcher,RadioPublica,IHeartRadioorRSS.\n• Bitcoin News Roundup for March 20, 2020\n• Bitcoin News Roundup for March 19, 2020', 'CoinDesk reporter Leigh Cuen is joined by cognitive economist Leigh Caldwell , author of \x93The Psychology of Price,\x94 to talk about mental health and cryptocurrency in a time of coronavirus crisis. For daily insights and unique perspectives listen or subscribe to the CoinDesk Podcast Network with Apple Podcasts , Spotify , Pocketcasts , Google Podcasts , Castbox , Stitcher , RadioPublica , IHeartRadio or RSS . People who struggle with anxiety, gambling addiction and a wide array of other other mental health issues may want to develop healthy habits for engaging with financial tools like cryptocurrency. Related: Bailouts, Bitcoin, Disruption, Failures and Hope Most American researchers agree these days that roughly 2 percent of the population is estimated to be at high risk for gambling addiction. Case in point: When Texas Tech University Assistant Professor Devin Mills surveyed 876 people who had gambled within the previous month, more than half of the respondents traded cryptocurrency. \x93Our data suggests that around 40 percent of regular gamblers who traded cryptocurrencies in the past year reported elevated levels of either depression or anxiety, or both,\x94 Mills said. However, the frequency with which the respondents traded cryptocurrencies was positively associated with most other types of gambling. The data doesn\x92t suggest bitcoin (BTC) uniquely causes a gambling addiction, online harassment, or other mental health risks. It may simply be that people who already face these challenges are more likely to trade. See Also : Leigh\x92s article about how cryptocurrency can be used as a tool by survivors of sexual harassment and domestic abuse. Related: State Power After Coronavirus, Feat. Peter McCormack \x93There is a good Russian saying: The pig will find the dirt,\x94 said New York therapist Yevgenia Mastyayeva, who specializes in gambling addiction. \x93The technology and society shape your addiction, give it a particular form, but it is you who are predisposed or not to develop addiction in the first place.\x94 Story continues There are also other mental health risks associated with cryptocurrency communities, namely habits that exacerbate anxiety disorders or expose users **Last 60 Days of Bitcoin's Closing Prices:** [8745.89, 8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46, 8599.51, 8562.45, 8869.67, 8787.79, 8755.25, 9078.76, 9122.55, 8909.95, 8108.12, 7923.64, 7909.73, 7911.43, 4970.79, 5563.71, 5200.37, 5392.31, 5014.48, 5225.63, 5238.44, 6191.19, 6198.78] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-03-21 **Financial & Commodity Data:** - Gold Closing Price: $1484.00 - Crude Oil Closing Price: $22.43 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $121,206,722,800 - Hash Rate: 89690684.1796838 - Transaction Count: 284594.0 - Unique Addresses: 564748.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.09 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Woman uses computer in lounge area This is an updated version of a story Quartz published in January 2019 . The eight Ivy League schools are among the most prestigious colleges in the world. They include Brown, Harvard, Cornell, Princeton, Dartmouth, Yale, and Columbia universities, and the University of Pennsylvania. Indians come out in hordes to celebrate Modi’s call for social distancing These Ivy League schools are highly selective and extremely hard to get into. But the good news is that all these universities now offer free online courses across multiple online course platforms. Here’s a collection of all of them, split into courses in the following subjects: Computer Science, Data Science, Programming, Humanities, Business, Art & Design, Science, Social Sciences, Health & Medicine, Engineering, Education & Teaching, Mathematics, and Personal Development. Computer Science (40) For the first time in 228 years, the New York Stock Exchange will open without its trading floor CS50’s Introduction to Computer Science Harvard University Algorithms, Part I Princeton University Algorithms, Part II Princeton University Bitcoin and Cryptocurrency Technologies Princeton University Machine Learning for Data Science and Analytics Columbia University Machine Learning Columbia University Artificial Intelligence (AI) Columbia University Reinforcement Learning Brown University Machine Learning Georgia Institute of Technology Software Defined Networking Princeton University Computer Architecture Princeton University Enabling Technologies for Data Science and Analytics: The Internet of Things Columbia University Analysis of Algorithms Princeton University Robotics: Perception University of Pennsylvania Machine Learning: Unsupervised Learning Brown University Animation and CGI Motion Columbia University Networks Illustrated: Principles without Calculus Princeton University Linux Basics: The Command Line Interface Dartmouth C Programming: Modular Programming and Memory Management Dartmouth Story continues CS50’s Understanding Technology Harvard University CS50’s Computer Science for Business Professionals Harvard University CS50’s AP® Computer Science Principles Harvard University Algorithm Design and Analysis University of Pennsylvania HI-FIVE: Health Informatics For Innovation, Value & Enrichment (Administrative/IT Perspective) Columbia University HI-FIVE: Health Informatics For Innovation, Value & Enrichment (Clinical Perspective) Columbia University Networks: Friends, Money, and Bytes Princeton University C Programming: Using Linux Tools and Libraries Dartmouth C Programming: Pointers and Memory Management Dartmouth C Programming: Language Foundations Institut Mines-Télécom [New] CS50’s Introduction to Artificial Intelligence with Python Harvard University CS50 for Lawyers Harvard University [New] Robotics: Vision Intelligence and Machine Learning University of Pennsylvania Data Structures and Software Design University of Pennsylvania Computational Thinking for Problem Solving University of Pennsylvania Cryptocurrency and Blockchain: An Introduction to Digital Currencies University of Pennsylvania HI-FIVE: Health Informatics For Innovation, Value & Enrichment (Social/Peer Perspective) Columbia University Computer Science: Algorithms, Theory, and Machines from Princeton University Computer Science: Programming with a Purpose Princeton University C Programming: Advanced Data Types Dartmouth C Programming: Getting Started Dartmouth Data Science (18) Statistics and R Harvard University Statistical Thinking for Data Science and Analytics Columbia University Data Science: R Basics Harvard University People Analytics University of Pennsylvania High-Dimensional Data Analysis Harvard University Data Science: Visualization Harvard University Data Science: Machine Learning Harvard University Case study: DNA methylation data analysis Harvard University Causal Diagrams: Draw Your Assumptions Before Your Conclusions Harvard University Data Science: Linear Regression Harvard University Data Science: Inference and Modeling Harvard University Data Science: Probability Harvard University Data Science: Wrangling Harvard University Data Science: Productivity Tools Harvard University Big Data and Education Columbia University Principles, Statistical and Computational Tools for Reproducible Data Science Harvard University Data Science: Capstone Harvard University Data, Models and Decisions in Business Analytics Columbia University Programming (8) Using Python for Research Harvard University CS50’s Web Programming with Python and JavaScript Harvard University Programming for the Web with JavaScript University of Pennsylvania The Computing Technology Inside Your Smartphone Cornell University CS50’s Mobile App Development with React Native Harvard University CS50’s Introduction to Game Development Harvard University Software Development Fundamentals University of Pennsylvania Quantitative Methods for Biology Harvard University Humanities (81) Modern & Contemporary American Poetry (“ModPo”) University of Pennsylvania HOPE: Human Odyssey to Political Existentialism from Princeton University Moralities of Everyday Life Yale University Greek and Roman Mythology University of Pennsylvania Ancient Philosophy: Plato & His Predecessors University of Pennsylvania Ancient Philosophy: Aristotle and His Successors University of Pennsylvania China (Part 1): Political and Intellectual Foundations: From the Sage Kings to Confucius and the Legalists Harvard University Visualizing Japan (1850s-1930s): Westernization, Protest, Modernity Harvard University Religious Literacy: Traditions and Scriptures Harvard University English for Career Development University of Pennsylvania Literati China: Examinations, Neo-Confucianism, and Later Imperial China Harvard University Modern China’s Foundations: The Manchus and the Qing Harvard University China’s First Empires and the Rise of Buddhism Harvard University English for Journalism University of Pennsylvania Effective Altruism Princeton University Buddhism Through Its Scriptures Harvard University Creating Modern China: The Republican Period to the Present Harvard University Introduction to Ancient Egypt and Its Civilization University of Pennsylvania The Civil War and Reconstruction – 1850-1861: A House Divided Columbia University The Civil War and Reconstruction – 1865-1890: The Unfinished Revolution Columbia University The Civil War and Reconstruction – 1861 – 1865: A New Birth of Freedom Columbia University Masterpieces of World Literature Harvard University Cosmopolitan Tang: Aristocratic Culture in China Harvard University Shakespeare’s Hamlet : The Ghost Harvard University Global China: From the Mongols to the Ming Harvard University Invasions, Rebellions, and the Fall of Imperial China Harvard University China and Communism Harvard University Contemporary China: The People’s Republic, Taiwan, and Hong Kong Harvard University Global History Lab Princeton University The Ethics of Eating Cornell University Christianity Through Its Scriptures Harvard University PredictionX: John Snow and the Cholera Outbreak of 1854 Harvard University Islam Through Its Scriptures Harvard University Journey of the Universe: The Unfolding of Life Yale University A Journey through Western Christianity: from Persecuted Faith to Global Religion (200 – 1650) Yale University American Capitalism: A History Cornell University Question Reality! Science, philosophy, and the search for meaning Dartmouth Bioethics: The Law, Medicine, and Ethics of Reproductive Technologies and Genetics Harvard University Books in the Medieval Liturgy Harvard University Religion, Conflict and Peace Harvard University Shakespeare’s Othello : The Moor Harvard University The Ancient Greek Hero Harvard University The Medieval Book of Hours: Art and Devotion in the Later Middle Ages Harvard University Wonders of Ancient Egypt University of Pennsylvania Poetry in America: Whitman Harvard University Shakespeare’s The Merchant of Venice : Shylock Harvard University Hinduism Through Its Scriptures Harvard University Judaism Through Its Scriptures Harvard University Ancient Masterpieces of World Literature Harvard University The Tabernacle in Word & Image: An Italian Jewish Manuscript Revealed University of Pennsylvania English for Science, Technology, Engineering, and Mathematics University of Pennsylvania English for Business and Entrepreneurship University of Pennsylvania Seeking Women’s Rights: Colonial Period to the Civil War Columbia University Women Have Always Worked: The US Experience 1700 – 1920 Columbia University John Milton: Paradise Lost Dartmouth The American Renaissance: Classic Literature of the 19th Century Dartmouth Power and Responsibility: Doing Philosophy with Superheroes Harvard University Sikhism Through Its Scriptures Harvard University Women Making History: Ten Objects, Many Stories Harvard University Shakespeare’s Life and Work Harvard University Poetry in America: The Poetry of Early New England Harvard University Book Sleuthing: The Nineteenth Century Harvard University PredictionX: Lost Without Longitude Harvard University Introduction to Digital Humanities Harvard University China Humanities: The Individual in Chinese Culture Harvard University Poetry in America: Whitman Harvard University Poetry in America: The Civil War and Its Aftermath Harvard University Poetry in America: Modernism Harvard University China’s Political and Intellectual Foundations: From Sage Kings to Confucius Harvard University Modern Masterpieces of World Literature Harvard University [New] Japanese Books: From Manuscript to Print Harvard University The Worldview of Thomas Berry: The Flourishing of the Earth Community Yale University Indian & Tibetan River of Buddhism Columbia University Women Have Always Worked: The US Experience 1920 – 2016 Columbia University Fighting for Equality: 1950–2018 Columbia University Negotiating a Changing World: 1920-1950 Columbia Univers... - 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.
5830.25, 6416.31, 6734.80, 6681.06, 6716.44, 6469.80, 6242.19, 5922.04, 6429.84, 6438.64
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:** ['Catherine Coley is the CEO of Binance.US. Previously she was head of XRP Institutional Liquidity at Ripple after working for Morgan Stanley Foreign Exchange desks in Hong Kong and London.\nAmid the fear and uncertainty of the COVID-19 pandemic, theU.S. government is looking for ways to financially support Americans as soon as possible, even discussing the possibility of universal basic income payments. People need help. At the same time, they need to stay home to reduce the risk of contracting the virus. In delivering emergency payments, the government should be aware of the risks of asking people to pick up money at a bank or another physical location. It should distribute any stimulus package in a way that’s sterile, efficient and accessible.\nThe government needs to look for ways to innovate the antiquated process of distributing checks by mail. In the interests of speed and safety, why not consider sending the stimulus in the form of stablecoins as a means to verify the transfer of assets? Because stablecoins can be distributed digitally, Americans would have immediate access to their funds, alleviating the need to spend hours at a bank to cash a check while removing oneself from a self-imposed quarantine.\nRelated:Into the Unknown: No Limit on Fed Money Injections\nSee also:Fed Stands Ready to Replace Infected Greenbacks With Clean Bills\nBecause the digital asset space is new and relatively unknown outside the cryptocurrency community, there would, of course, be some pushback to this idea. A lack of understanding often translates into a lack of trust. Education should go hand in hand with distribution. Both government and citizens would need to be informed about how stablecoins work, how users exchange them into fiat money, and why they could potentially make money transfers easier in the future.\nThe advantages of using stablecoins are numerous. For starters, with digital assets, recipients do not need to own a house or even have a mailbox to receive them.\nDigital assets also prevent counterfeiting or lost checks. President Donald Trump has mentioned the idea of paying this stimulus in multiple installments. Digital assets can be put in escrow to be released at a certain time. Once the asset is addressed to its recipient, that person can send the money to themselves or others without any fees or a waiting period, providing a faster solution than traditional checks.\nRelated:The US Needs a Wartime Effort to Win the Coronavirus Battle\nIf the stimulus were delivered via digital assets, every American with internet access, a Social Security number and proof of address could have the ability to access their stimulus. These assets can be distributed to all persons and tracked by the government on a blockchain. Digital assets would be sent and received through U.S. regulated entities and monitored by financial institutions that are already subject to federal and state laws and regulations.\nBy sending digital assets, the government would free up postal workers and resources needed to create and distribute physical checks or prepaid cards. These physical checks mean cashing or depositing at a time when everyone is expected to stay home. It’s also difficult to monitor possible COVID-19 contagion if mail and bank services are operating locally to process checks.\nWhy would we encourage the hand delivery of hundreds of millions of stimulus checks?\nWhether Americans are self-quarantining or reducing human interaction, we need to actively look for ways to reduce the spread of COVID-19.Why would we encourage the hand delivery of hundreds of millions of stimulus checks? This might even violate the government’s own shelter-in-place procedures.\nDigital assets can connect to existing banking systems without requiring in-person deposits. There are no fees for depositing them into any bank account from a digital marketplace or exchange. Anyone over 18 can access digital funds sent to them online, which would provide a solution for thethousands of college students who cannot go home for fear of spreadingthe disease unintentionally, and for parents who need to stay put. Through digital distribution, not only would the U.S. preserve the health of recipients and senders, it would provide more inclusive access and show the world we are still leaders in financial innovation.\nSee also:How Bitcoiners Can Protect Their Mental Health During the Coronavirus Crisis\nThe cost of sending checks to every citizen is great, even if we consider that the government may be able drive bulk bargains for itself. Consider that mailing checks to 250 million adult citizens, at an estimated cost of 55 cents each, could potentially translate to $138 million. And this does not include labor costs to prepare and deliver that mail, fuel costs for last-mile delivery, and the health and benefits of employees. Nor does it include the fees for return-to-sender services, the costs of correcting any checks incorrectly sent, any staff hired to monitor and confirm the checks are sent appropriately to all persons, or the staff to gather addresses from the IRS. The direct-to-citizen stimulus would already cost about $350 billion. Why should we spend at least $138 million sending it?\nIf the U.S. were to incorporate digital assets into this stimulus distribution, we would be the first-mover globally to use digital assets in such a way, ahead of other countries building their own digital currencies. We would send a clear signal the U.S. is prioritizing its citizens’ health while educating and adapting to this evolving digital world.\n• As This Crisis Worsens, Bitcoin Will Become a Safe Haven Again\n• 4 Reasons Central Banks Should Launch Retail Digital Currencies', 'Catherine Coley is the CEO of Binance.US. Previously she was head of XRP Institutional Liquidity at Ripple after working for Morgan Stanley Foreign Exchange desks in Hong Kong and London. Amid the fear and uncertainty of the COVID-19 pandemic, the U.S. government is looking for ways to financially support Americans as soon as possible , even discussing the possibility of universal basic income payments. People need help. At the same time, they need to stay home to reduce the risk of contracting the virus. In delivering emergency payments, the government should be aware of the risks of asking people to pick up money at a bank or another physical location. It should distribute any stimulus package in a way that’s sterile, efficient and accessible. The government needs to look for ways to innovate the antiquated process of distributing checks by mail. In the interests of speed and safety, why not consider sending the stimulus in the form of stablecoins as a means to verify the transfer of assets? Because stablecoins can be distributed digitally, Americans would have immediate access to their funds, alleviating the need to spend hours at a bank to cash a check while removing oneself from a self-imposed quarantine. Related: Into the Unknown: No Limit on Fed Money Injections See also: Fed Stands Ready to Replace Infected Greenbacks With Clean Bills Because the digital asset space is new and relatively unknown outside the cryptocurrency community, there would, of course, be some pushback to this idea. A lack of understanding often translates into a lack of trust. Education should go hand in hand with distribution. Both government and citizens would need to be informed about how stablecoins work, how users exchange them into fiat money, and why they could potentially make money transfers easier in the future. Many advantages The advantages of using stablecoins are numerous. For starters, with digital assets, recipients do not need to own a house or even have a mailbox to receive them. Story continues Digital assets also prevent counterfeiting or lost checks. President Donald Trump has mentioned the idea of paying this stimulus in multiple installments. Digital assets can be put in escrow to be released at a certain time. Once the asset is addressed to its recipient, that person can send the money to themselves or others without any fees or a waiting period, providing a faster solution than traditional checks. Related: The US Needs a Wartime Effort to Win the Coronavirus Battle If the stimulus were delivered via digital assets, every American with internet access, a Social Security number and proof of address could have the ability to access their stimulus. These assets can be distributed to all persons and tracked by the government on a blockchain. Digital assets would be sent and received through U.S. regulated entities and monitored by financial institutions that are already subject to federal and state laws and regulations. By sending digital assets, the government would free up postal workers and resources needed to create and distribute physical checks or prepaid cards. These physical checks mean cashing or depositing at a time when everyone is expected to stay home. It’s also difficult to monitor possible COVID-19 contagion if mail and bank services are operating locally to process checks. Why would we encourage the hand delivery of hundreds of millions of stimulus checks? Whether Americans are self-quarantining or reducing human interaction, we need to actively look for ways to reduce the spread of COVID-19. Why would we encourage the hand delivery of hundreds of millions of stimulus checks ? This might even violate the government’s own shelter-in-place procedures. Digital assets can connect to existing banking systems without requiring in-person deposits. There are no fees for depositing them into any bank account from a digital marketplace or exchange. Anyone over 18 can access digital funds sent to them online, which would provide a solution for the thousands of college students who cannot go home for fear of spreading the disease unintentionally, and for parents who need to stay put. Through digital distribution, not only would the U.S. preserve the health of recipients and senders, it would **Last 60 Days of Bitcoin's Closing Prices:** [8680.88, 8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46, 8599.51, 8562.45, 8869.67, 8787.79, 8755.25, 9078.76, 9122.55, 8909.95, 8108.12, 7923.64, 7909.73, 7911.43, 4970.79, 5563.71, 5200.37, 5392.31, 5014.48, 5225.63, 5238.44, 6191.19, 6198.78, 6185.07] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-03-22 **Financial & Commodity Data:** - Gold Closing Price: $1484.00 - Crude Oil Closing Price: $22.43 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $121,206,722,800 - Hash Rate: 104501989.824035 - Transaction Count: 209154.0 - Unique Addresses: 409829.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.11 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Investing.com - Bitcoin fell bellow the $5,002.2 level on Monday. Bitcoin was trading at 5,002.2 by 13:10 (17:10 GMT) on the Investing.com Index, down 6.04% on the day. It was the largest one-day percentage loss since March 16. The move downwards pushed Bitcoin's market cap down to $92.1B, or 0.00% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $241.2B. Bitcoin had traded in a range of $4,477.7 to $5,369.3 in the previous twenty-four hours. Over the past seven days, Bitcoin has seen a drop in value, as it lost 35.58%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $48.1B or 0.00% of the total volume of all cryptocurrencies. It has traded in a range of $3,869.4661 to $8,145.4824 in the past 7 days. At its current price, Bitcoin is still down 74.83% from its all-time high of $19,870.62 set on December 17, 2017. Ethereum was last at $112.06 on the Investing.com Index, down 10.92% on the day. XRP was trading at $0.14139 on the Investing.com Index, a loss of 8.25%. Ethereum's market cap was last at $12.4B or 0.00% of the total cryptocurrency market cap, while XRP's market cap totaled $6.3B or 0.00% of the total cryptocurrency market value. Related Articles US Sanctions Strategy and Crypto: The Cracks Are Showing in Iran Bakkt Closes New $300M Funding Round to Unlock $1 Trillion in Digital Assets Cardano Dips Below 0.023970 Level, Down 11%... - 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.
6416.31, 6734.80, 6681.06, 6716.44, 6469.80, 6242.19, 5922.04, 6429.84, 6438.64, 6606.78
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:** ['The Australian share market fell sharply during its opening session of trading on Monday (AEST) after the country’s Prime Minister announced drastic measures to curb the spread of coronavirus (COVID-19).\nReeling from its worst week since the global financial crisis in 2008-2009, the benchmark S&P/ASX200 has fallen from Friday’s close of 4,816 basis points to around 4,536, after Prime Minister Scott Morrison declared historic measures to curb the rise of COVID-19 from within the country.\nOn Sunday, March 22, Morrison ordered allpubs, clubs, churches and indoor sporting venuesmust close until further notice, while essential services such as grocery stores, gas stations and banks were to remain open. Australian schools will remain open for now. As of Sunday morning, the governmentreported1,098 confirmed cases and seven deaths.\nRelated:Investors Look to Gold, Crypto After Fed Goes on QE Buying Spree\nThe new measures aim to limit the spread of the deadly virus that has sent developed economies into free fall in recent weeks, with the ASX responding with a 8.2 percent drop during the early Asian trading hours, revealing what could be in store this week for U.S. equities when they open Monday.\nThe chief investment officer at Orthogonal Trading, Joshua Green, said the downward pressure currently being experienced in the Aussie share market was the result of much of the same seen over last week’s trade.\n“I think the ASX is being driven by global equities, which are being driven by a combination of momentum selling, panic selling and de-levering on the back of coronavirus fears,” Green said.\n“The market clearly wants some sort of fiscal deal in the US which appears to be a struggle due to partisanship,” he added.\nRelated:Bitcoin: A Global Port in a Market Storm?\nMeanwhile in crypto,bitcoin(BTC) has fallen 5 percent on the day, from $6,200 to $5,894 with the rest of the market suffering a similar fate, signaling the potential for further bloodletting when U.S. equities markets open their doors for trading in the next 16 hours or so.\nThe total market capitalization of all cryptocurrencies has fallen $10 billion over a 24-hour period, while major names such asether(ETH),XRPandbitcoin cash(BCH) are down between 5 percent to 7 percent, respectively.\n• Into the Unknown: No Limit on Fed Money Injections\n• Bitcoin, Gold Spike as Fed Unveils Unlimited Coronavirus Stimulus Package', 'The Australian share market fell sharply during its opening session of trading on Monday (AEST) after the country’s Prime Minister announced drastic measures to curb the spread of coronavirus (COVID-19).\nReeling from its worst week since the global financial crisis in 2008-2009, the benchmark S&P/ASX200 has fallen from Friday’s close of 4,816 basis points to around 4,536, after Prime Minister Scott Morrison declared historic measures to curb the rise of COVID-19 from within the country.\nOn Sunday, March 22, Morrison ordered allpubs, clubs, churches and indoor sporting venuesmust close until further notice, while essential services such as grocery stores, gas stations and banks were to remain open. Australian schools will remain open for now. As of Sunday morning, the governmentreported1,098 confirmed cases and seven deaths.\nRelated:Investors Look to Gold, Crypto After Fed Goes on QE Buying Spree\nThe new measures aim to limit the spread of the deadly virus that has sent developed economies into free fall in recent weeks, with the ASX responding with a 8.2 percent drop during the early Asian trading hours, revealing what could be in store this week for U.S. equities when they open Monday.\nThe chief investment officer at Orthogonal Trading, Joshua Green, said the downward pressure currently being experienced in the Aussie share market was the result of much of the same seen over last week’s trade.\n“I think the ASX is being driven by global equities, which are being driven by a combination of momentum selling, panic selling and de-levering on the back of coronavirus fears,” Green said.\n“The market clearly wants some sort of fiscal deal in the US which appears to be a struggle due to partisanship,” he added.\nRelated:Bitcoin: A Global Port in a Market Storm?\nMeanwhile in crypto,bitcoin(BTC) has fallen 5 percent on the day, from $6,200 to $5,894 with the rest of the market suffering a similar fate, signaling the potential for further bloodletting when U.S. equities markets open their doors for trading in the next 16 hours or so.\nThe total market capitalization of all cryptocurrencies has fallen $10 billion over a 24-hour period, while major names such asether(ETH),XRPandbitcoin cash(BCH) are down between 5 percent to 7 percent, respectively.\n• Into the Unknown: No Limit on Fed Money Injections\n• Bitcoin, Gold Spike as Fed Unveils Unlimited Coronavirus Stimulus Package', 'The Australian share market fell sharply during its opening session of trading on Monday (AEST) after the country\x92s Prime Minister announced drastic measures to curb the spread of coronavirus (COVID-19). Reeling from its worst week since the global financial crisis in 2008-2009, the benchmark S&P/ASX200 has fallen from Friday\x92s close of 4,816 basis points to around 4,536, after Prime Minister Scott Morrison declared historic measures to curb the rise of COVID-19 from within the country. On Sunday, March 22, Morrison ordered all pubs, clubs, churches and indoor sporting venues must close until further notice, while essential services such as grocery stores, gas stations and banks were to remain open. Australian schools will remain open for now. As of Sunday morning, the government reported 1,098 confirmed cases and seven deaths. Related: Investors Look to Gold, Crypto After Fed Goes on QE Buying Spree The new measures aim to limit the spread of the deadly virus that has sent developed economies into free fall in recent weeks, with the ASX responding with a 8.2 percent drop during the early Asian trading hours, revealing what could be in store this week for U.S. equities when they open Monday. The chief investment officer at Orthogonal Trading, Joshua Green, said the downward pressure currently being experienced in the Aussie share market was the result of much of the same seen over last week\x92s trade. \x93I think the ASX is being driven by global equities, which are being driven by a combination of momentum selling, panic selling and de-levering on the back of coronavirus fears,\x94 Green said. \x93The market clearly wants some sort of fiscal deal in the US which appears to be a struggle due to partisanship,\x94 he added. Related: Bitcoin: A Global Port in a Market Storm? Meanwhile in crypto, bitcoin (BTC) has fallen 5 percent on the day, from $6,200 to $5,894 with the rest of the market suffering a similar fate, signaling the potential for further bloodletting when U.S. equities markets open their doors for trading in the next 16 hours or so. Story continues The total market capitalization of all cryptocurrencies has fallen $10 billion over a 24-hour period, while major names such as ether (ETH), XRP and bitcoin cash (BCH) are down between 5 percent to 7 percent, respectively. Related Stories Into the Unknown: No Limit on Fed Money Injections Bitcoin, Gold Spike as Fed Unveils Unlimited Coronavirus Stimulus Package', 'Bitcoin slid by 6.15% on Sunday. Following on from a 0.12% decline on Saturday, Bitcoin ended the week up by 8.12% to $5,820.1. A bullish start to the day saw Bitcoin rise to a mid-morning intraday high $6,410.9 before hitting reverse. While falling short of the first major resistance level at $6,490.13, Bitcoin broke through the 23.6% FIB of $6,300. The reversal saw Bitcoin slide to a final hour intraday low $5,755.5. Bitcoin fell back through the 23.6% FIB and through the first major support level at $5,897.3. While recovering to $5,800 levels, Bitcoin failed to break back through the first major support level. The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, reaffirmed by the March new swing lo $4,000. For the bulls, Bitcoin would need to break out from $10,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the top 10 cryptos, it was a bearish end to the week. Tezos led the way down, tumbling by 11.50%. Cardano’s ADA (-8.59%), Ethereum (-7.81%), Litecoin (-7.66%), Stellar’s Lumen (-7.94%), and Tron’s TRX (-8.39%) also saw heavy losses. Bitcoin Cash ABC (-6.87%), Bitcoin Cash (-6.71%), EOS (-6.31%), Monero’s XMR (-6.65%), and Ripple’s XRP (-6.47%) weren’t far behind. Binance Coin fared best on the day, with a 1.24% fall. While it was a bearish end to the week, it was a mixed week for the majors. Bitcoin Cash SV and Bitcoin Cash ABC led the way, with gains of 28.4% and 15.5% respectively. Binance Coin (+7.52%), Cardano’s ADA (+0.59%), EOS (+4.08%), Monero’s XMR (+1.40%), and Tron’s TRX (+0.15%) joined Bitcoin in the green. It was a bearish week for the rest of the pack, however. Tezos and Ripple’s XRP led the way down, with losses of 4.49% and 3.68% respectively. Ethereum (-0.74%), Litecoin (-2.15%), and Stellar’s Lumen (-1.78%) also saw red. Through the week, the crypto total market cap fell to a Monday low $131.81bn before support kicked in. Upward momentum mid-week saw the market cap recover to strike a Friday week high $191.6bn. A bearish end to the week, however, led to a pullback to sub-$170bn levels. At the time of writing, the total market cap stood at $164.22bn. Story continues Bitcoin’s dominance recovered from sub-64% levels to hit a high 65.72% before easing back. At the time of writing, Bitcoin’s dominance stood at 65.0%. Trading volumes jumped from sub-$110bn levels to $192bn levels on Friday before sliding back. At the time of writing, 24-hr volumes stood at $129.02bn. This Morning At the time of writing, Bitcoin was up by 0.89% to $5,872.0. A mixed start to the day saw Bitcoin slide to an early morning low $5,677.0 before rising to a high $5,952. **Last 60 Days of Bitcoin's Closing Prices:** [8406.52, 8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46, 8599.51, 8562.45, 8869.67, 8787.79, 8755.25, 9078.76, 9122.55, 8909.95, 8108.12, 7923.64, 7909.73, 7911.43, 4970.79, 5563.71, 5200.37, 5392.31, 5014.48, 5225.63, 5238.44, 6191.19, 6198.78, 6185.07, 5830.25] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-03-23 **Financial & Commodity Data:** - Gold Closing Price: $1567.00 - Crude Oil Closing Price: $23.36 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $121,206,722,800 - Hash Rate: 104501989.824035 - Transaction Count: 209154.0 - Unique Addresses: 409829.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.10 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Musician and cryptocurrency flag-bearer Akon is to launch the ‘Akoin’ through Stellar. The rapper, who is currently masterminding a self-contained city with a cryptocurrency infrastructure in his native Senegal, has cited the network’s track record of assisting entrepreneurs and businesses in developing countries as the leading reason for the decision. The move means the Akoin utility token will be fully compatible with Stellar wallets and interoperable with all digital assets and fiat currencies supported by Stellar. “It’s a global platform that we’re building and Africa is our target market because as we see it now, Africa has the most challenges,” said the 46-year-old musician. The objective of Akoin – and also Akon City – is to provide a trusted currency alternative and empower individuals across the world’s youngest population . It is expected that, by 2045, the African workforce will be the largest in the world. Permission to create the 2,000 acre Akon City on land given to him in 2018 by Senegal’s president Macky Sall was granted last month . Once complete, the self-contained community will trade using the Akoin which is to be launched later this year. The project is based close to the picturesque coastal town of Mbodiene and an hour away from Blaise Diagne International Airport. By the time Akon City is complete, however, Senegal’s latest international airport will be officially opened just a ten-minute drive away. Groundwork It is understood groundwork on the ambitious scheme has already begun as the musician aims to have the city fully up and running by the end of the decade. “It’s a 10-year building block, so we’re doing it in stages,” Akon recently explained to Los Angeles radio station Power FM. “We started construction in March 2019 and stage two is going to be 2025.” Estimates put the cost of constructing the self-sufficient, eco-friendly city at around $2 billion. The singer-turned-entrepreneur – whose real name is Aliaume Thiam – recently invested heavily in a solar power venture called Akon Lighting Africa which has taken off in many communities, providing 100,000 households with power as well as 13,000 street lights across 14 African nations. As well as cryptocurrency, Akon City will rely heavily on blockchain – the technology which underpins Bitcoin and other digital currencies. Speaking at a recent blockchain conference in Malta, the artist pointed to the technology as a huge asset to Africa. “I think that blockchain and crypto could be the saviour for Africa in many ways because it brings the power back to the people,” he said. “Cryptocurrency and blockchain technology offer a more secure currency that enables people in Africa to advance themselves independent of the government.” 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.
6734.80, 6681.06, 6716.44, 6469.80, 6242.19, 5922.04, 6429.84, 6438.64, 6606.78, 6793.62
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Peer-to-peer exchange Paxful has deployed Chainalysis’ cryptocurrency investigations and transaction intelligence software tools, the companies announced Monday in ajoint press release.\nThe deal represents an about-face for Chainalysis, one of the industry’smost prominentcrypto surveillance developers and regular partner of exchanges, governments and private companies. It had never signed on a peer-to-peer client because these firms were seen as too risky to conduct business with, said John Dempsey, Chainalysis’ vice president of Product.\n“I think previously we categorically viewed P2P exchanges as a high-risk category,” he told CoinDesk.\nRelated:PayPal’s Financial Crimes Division Is Seeking a Blockchain Expert\nIn a P2P model parties move cryptocurrency directly between their wallets with no financial institution processing the trade. That represents a purer form of crypto dealmaking: bitcoin was envisioned as a decentralized P2P network, after all.\nBut P2P exchanges often play it fast and loose on the regulatory compliance front, said Chainalysis’ Marketing Director Maddie Kennedy. Some flout know-your-customer laws by allowing their users to work without an account, let alone identification required by law.\nThat tainted the category’s reputation and made Chainalysis hesitant to partner with any P2P exchange. “This is a reputational risk for us,” said Dempsey, the Chainalysis exec.\nDempsey saidPaxfulcame to Chainalysis looking for investigative tools. The company agreed to a partnership after seeing Paxful had “transformed its business model to prioritize compliance,” according to Kennedy.\nRelated:US Charges Dutch National With Running Crypto-Funded Child Porn Site\nPaxful Chief Compliance Officer Lana Schwartzman told CoinDesk the exchange began pivoting in “early 2019” after it realized its future depended on toeing the regulatory line. She joined the company in late 2018.\nEarlier that year, Paxful co-founder Ray Youssefhad told CoinDeskhis exchange was “redoing our entire KYC [know your customer] process.”\nThe biggest playmakers in crypto are centralized exchanges. Binance, aChainalysis partner, moved over $800 million inbitcoin(BTC) in the past 24 hours, according toBitwise. Paxful’s not processed $30 millionin the past week.\n• Bitcoin’s Plunge Was Foreshadowed by Miner Inventory Data\n• Crypto Firms Tout Dispersed Workforce as Coronavirus Contingency Plan', 'Peer-to-peer exchange Paxful has deployed Chainalysis’ cryptocurrency investigations and transaction intelligence software tools, the companies announced Monday in a joint press release . The deal represents an about-face for Chainalysis, one of the industry’s most prominent crypto surveillance developers and regular partner of exchanges, governments and private companies. It had never signed on a peer-to-peer client because these firms were seen as too risky to conduct business with, said John Dempsey, Chainalysis’ vice president of Product. “I think previously we categorically viewed P2P exchanges as a high-risk category,” he told CoinDesk. Related: PayPal’s Financial Crimes Division Is Seeking a Blockchain Expert In a P2P model parties move cryptocurrency directly between their wallets with no financial institution processing the trade. That represents a purer form of crypto dealmaking: bitcoin was envisioned as a decentralized P2P network, after all. But P2P exchanges often play it fast and loose on the regulatory compliance front, said Chainalysis’ Marketing Director Maddie Kennedy. Some flout know-your-customer laws by allowing their users to work without an account, let alone identification required by law. That tainted the category’s reputation and made Chainalysis hesitant to partner with any P2P exchange. “This is a reputational risk for us,” said Dempsey, the Chainalysis exec. Dempsey said Paxful came to Chainalysis looking for investigative tools. The company agreed to a partnership after seeing Paxful had “transformed its business model to prioritize compliance,” according to Kennedy. Related: US Charges Dutch National With Running Crypto-Funded Child Porn Site Paxful Chief Compliance Officer Lana Schwartzman told CoinDesk the exchange began pivoting in “early 2019” after it realized its future depended on toeing the regulatory line. She joined the company in late 2018. Earlier that year, Paxful co-founder Ray Youssef had told CoinDesk his exchange was “redoing our entire KYC [know your customer] process.” Story continues The biggest playmakers in crypto are centralized exchanges. Binance, a Chainalysis partner , moved over $800 million in bitcoin (BTC) in the past 24 hours, according to Bitwise . Paxful’s not processed $30 million in the past week . Related Stories Bitcoin’s Plunge Was Foreshadowed by Miner Inventory Data Crypto Firms Tout Dispersed Workforce as Coronavirus Contingency Plan', 'AVA Labs, the first project building on the “Avalanche protocol” blockchain network, is looking to modernize financial infrastructure.\nAs first envisionedin a 2018 white paperby the pseudonymous “Team Rocket,” Avalanche protocol uses random network sampling to reach consensus. But it is AVA Labs’ ambition in building new infrastructure for the financial markets that now drives the firm forward.\nThe new platform could have special value for financial infrastructure and applications, not just in decentralized finance (DeFi) but for Wall Street firms, too, said AVA co-founder Kevin Sekniqi. That’s why the team decided to base itself in Brooklyn, N.Y., instead of the more tech-savvy Bay Area in California, where Sekniqi admits AVA Labs’ “hackers and engineers at heart” might fit in more naturally. AVA open sourced its initial codebase on March 11.\nRelated:Crypto Progressives Become Conservative With Their Own Chains\nSee also:Long-Festering DeFi Dapp Bug Still Not Fixed by Industry\nAVA is now looking to move even closer to New York’s financial gearworks. Sekniqi has tentative plans to abandon its current Brooklyn HQ in favor of offices within striking distance of the Financial District in lower Manhattan, where physical proximity to banks, brokers and firms can raise awareness of the product.\n“We’re going to have a big push in the financial sector, so we’re going to need to meet with a lot of people in that area, downtown in FiDi,” Sekniqi said.\nHe said those meetings could go a long way to getting institutions to take blockchain solutions more seriously. Too often there’s a breakdown in messaging in which institutions do not see the value of blockchain because they do not see how it solves their business “pain points” in digitizing assets.\nRelated:Coronavirus Is a Catalyst for Work-From-Home Tech\n“Everything is lacking right now, primarily in technology,” Sekniqi said.\nAVA is still in the process of building its first network. To that end, it released the codebase for the Avalanche protocol earlier this month, fleshing out the technical elements for an ecosystem AVA’s founders hope will challenge the supremacy of other leading consensus families.\nThe launch gives the developer community a look at AVA Lab’s multiyear effort to piece together a workable source code for Avalanche.\nAvalanche’s random sample method presents a significant break from two popular consensusfamilies: Nakamoto, the proof-of-work model behind Bitcoin, and “classical,” which uses majority vote.Proponentssay Avalanche takes the best of both protocols while detractorsscoffat what they deem a lesser derivative.\nSee also:Why Polynomial Commitments Might Be a ‘Breakthrough’ for Ethereum 2.0\n“We’ve been hearing from people that they want much more scalable, much faster consensus protocols,” Sekniqi said, comparing Avalanche’s protocol toCosmos.\nFor its part, AVA’s leaders are betting Avalanche has the potential. Running on $6 million funding from a 2019 venture capital round, the 30-person team has been building out their mainnet backend, developing a system Sekniqi says could be the “seed” for a new generation of projects and dApps.\n“It’s a much better foundation for building blockchain platforms,” Sekniqi said. He admits his pro-Avalanche bias.\n“Our end goal here is we want to be the platform on which all assets are issued, we really want to encompass DeFi and much more broadly alternative assets,” he said. “We’re taking a very long-term approach to this.”\n• Information Overload Is Stopping Us From Seeing the Truth\n• How an Open Blockchain Project Scored a Rare Endorsement From China', 'AVA Labs, the first project building on the “Avalanche protocol” blockchain network, is looking to modernize financial infrastructure. As first envisioned in a 2018 white paper by the pseudonymous “Team Rocket,” Avalanche protocol uses random network sampling to reach consensus. But it is AVA Labs’ ambition in building new infrastructure for the financial markets that now drives the firm forward. The new platform could have special value for financial infrastructure and applications, not just in decentralized finance (DeFi) but for Wall Street firms, too, said AVA co-founder Kevin Sekniqi. That’s why the team decided to base itself in Brooklyn, N.Y., instead of the more tech-savvy Bay Area in California, where Sekniqi admits AVA Labs’ “hackers and engineers at heart” might fit in more naturally. AVA open sourced its initial codebase on March 11. Related: Crypto Progressives Become Conservative With Their Own Chains See also: Long-Festering DeFi Dapp Bug Still Not Fixed by Industry AVA is now looking to move even closer to New York’s financial gearworks. Sekniqi has tentative plans to abandon its current Brooklyn HQ in favor of offices within striking distance of the Financial District in lower Manhattan, where physical proximity to banks, brokers and firms can raise awareness of the product. “We’re going to have a big push in the financial sector, so we’re going to need to meet with a lot of people in that area, downtown in FiDi,” Sekniqi said. He said those meetings co **Last 60 Days of Bitcoin's Closing Prices:** [8445.43, 8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46, 8599.51, 8562.45, 8869.67, 8787.79, 8755.25, 9078.76, 9122.55, 8909.95, 8108.12, 7923.64, 7909.73, 7911.43, 4970.79, 5563.71, 5200.37, 5392.31, 5014.48, 5225.63, 5238.44, 6191.19, 6198.78, 6185.07, 5830.25, 6416.31] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-03-24 **Financial & Commodity Data:** - Gold Closing Price: $1660.20 - Crude Oil Closing Price: $24.01 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $121,206,722,800 - Hash Rate: 108616241.391911 - Transaction Count: 278131.0 - Unique Addresses: 528586.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.12 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Benzinga has examined the prospects for many investor favorite stocks over the past week. Bullish calls included a big-box retailer and a package delivery giant. Bearish calls included a leading pharmaceutical maker and an Apple supplier. For the second time in a row, the major U.S. indexes ended the week marginally lower. It was a week that brought fresh bad news to big tech companies , a social media leader , the maker of the grounded 737 Max and even a Democratic presidential hopeful . On the other hand, a modern American tycoon now wants to save the planet. As usual, Benzinga continues to examine the prospects for many of the stocks most popular with investors. Here are some of this past week's most bullish and bearish posts that are worth another look. Bulls "Analyst Talks Nike's Leadership Shuffle" by Jayson Derrick shows why management changes at Nike Inc (NYSE: NKE ) demonstrate strength, according to one key analyst, even in the face of coronavirus-linked challenges. Buying in big-box discount stores is gaining momentum thanks to several macroeconomic factors, according to Dave Royse's "This Analyst Sees Better First Quarter For Target." See why Target Corporation (NYSE: TGT ) is set to benefit. In Shanthi Rexaline's "Why Salesforce Is This Firm's Best Idea," see why salesforce.com, inc. (NYSE: CRM ) stock looks attractive at current levels as checks point to strong demand for its implementation services, with no sign of softness. Priya Nigam's "UBS Considers What The Bears Say About FedEx" examines how things may not be as bleak for FedEx Corporation (NYSE: FDX ) as some anticipate ahead of the fiscal third-quarter report. For additional bullish calls, also have a look at How To Make A Bold Bet On A Post-Virus Rebound In Chinese Stocks and 8 Retail Stocks To Put In Your Cart. Bears "Tesla Faces Huge Execution Risk Ahead, Analyst Says Stock Price Remains On Mars" by Dave Royse shows why Tesla Inc (NASDAQ: TSLA ) is now entering a phase that historically has not been its strength. Story continues After ending 2019 on an upbeat note, Merck & Co., Inc. (NYSE: MRK ) stock has faltered in 2020. So says "Why Merck Has Had Underwhelming Start To 2020" by Shanthi Rexaline. See what probably put the brakes on the rally. In "Apple Analyst Says Cupertino's Semiconductor Suppliers Caught At Center Of Coronavirus Outbreak," Wayne Duggan examines what has put Apple suppliers like Broadcom Inc (NASDAQ: AVGO ) in a tough spot. Elizabeth Balboa's "Deere Trades Higher After Major Q1 Earnings Beat" discusses why not all analysts were impressed by the latest quarterly report from Deere & Company (NYSE: DE ). Be sure to check out JPMorgan Downgrades Budweiser Parent Company Ahead Of 'Challenging' 2020 and Virgin Galactic's Stock Will Come Back Down To Earth: Morgan Stanley for additional bearish calls. Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter. See more from Benzinga Barron's Picks And Pans: Berkshire Hathaway, Bitcoin, Roku And More Benzinga's Bulls And Bears Of The Week: GM, Luckin, Slack, Tesla And More Benzinga's Bulls And Bears Of The Week: Apple, Comcast, GE, Netflix And More © 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.... - Reddit Posts (Sample): [['u/AutoModerator', '[Daily Discussion] Tuesday, March 24, 2020', 48, '2020-03-24 05:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/fnyjvw/daily_discussion_tuesday_march_24_2020/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas &amp; 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**Other ways to interact:**\n\n* [Get an invite](https://join.slack.com/t/reddit-bitcoinmarkets/shared_invite/enQtNjM1NTg3ODgwODUzLTQ2NjZjYjYxMWExZmZmMWY0MDNlN2JlM2RhZmM0NWY1YzY1MDlkOTMyNWFjNTZjYTg1ZDM2YmEwMWRkZjIwYjM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)\n* Set your flair to trade pretend money in [the Flair Game](https://coinsight.org/flairgame)\n* Weekly threads: [Newbie Mondays](http://www.reddit.com/r/BitcoinMarkets/search?q=newbie+monday&amp;sort=new&amp;restrict_sr=on&amp;t=all) and [Fundamentals Fridays](http://www.reddit.com/r/BitcoinMarkets/search?q=fundamentals+friday&amp;sort=new&amp;restrict_sr=on&amp;t=all)\n* Altcoins Discussion: [Altcoin Discussion](http://www.reddit.com/r/BitcoinMarkets/search?q=altcoin+discussion&amp;sort=new&amp;restrict_sr=on&amp;t=all)", 'https://www.reddit.com/r/BitcoinMarkets/comments/fnyjvw/daily_discussion_tuesday_march_24_2020/', 'fnyjvw', [['u/RichardArschmann', 17, '2020-03-24 05:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/fnyjvw/daily_discussion_tuesday_march_24_2020/flcbn8k/', 'Bitcoin held up pretty well on a down day for the S&amp;P 500, dampening the correlation. I expect to see less correlation as the liquidity crunch lessens.', 'fnyjvw'], ['u/XMR_U_Ready', 11, '2020-03-24 07:03', 'https://www.reddit.com/r/BitcoinMarkets/comments/fnyjvw/daily_discussion_tuesday_march_24_2020/flcgb6h/', 'So, your saying...the next few days are critical for bitcoin?', 'fnyjvw'], ['u/_TROLL', 15, '2020-03-24 07:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/fnyjvw/daily_discussion_tuesday_march_24_2020/flcgwvr/', "&gt; Trump in his stupidity and pride applauds further inflation of the dollar\n\nHe loves it. He's likely tens of millions of dollars in debt. The zero interest rates help him out immensely by lowering his interest payments, and the QE-infinity helps him by devaluing his debt. Soon enough he'll be able to pay off his eight-figure debt with a few rolls of toilet paper. Every action is does is to benefit himself.\n\n&gt; I don't think that Joe Biden has the financial acuity to remedy\n\nBiden isn't a raging narcissist who thinks he's the world's foremost expert on everything. He'd appoint people whom he knows are far smarter than him in their respective fields, and actively take their advice unlike President Stable Genius, who knows more about viral diseases than people with MD degrees.\n_______________\nLOL, the instant downvotes from the cultists are always funny. How dare anyone mock The Infallible Glorious Leader!! Are you guys going to openly weep in the streets like they do in North Korea, once he's thrown out of office?", 'fnyjvw'], ['u/puzzledandamused', 17, '2020-03-24 07:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/fnyjvw/daily_discussion_tuesday_march_24_2020/flcgym0/', 'just remember to stop using tights guys.', 'fnyjvw'], ['u/RetardIdiotTrader', 23, '2020-03-24 07:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/fnyjvw/daily_discussion_tuesday_march_24_2020/flci14k/', 'Stops are for pussies', 'fnyjvw'], ['u/XMR_U_Ready', 12, '2020-03-24 07:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/fnyjvw/daily_discussion_tuesday_march_24_2020/flcitij/', 'Just remember to stop using tight guys', 'fnyjvw'], ['u/NLDNS', 15, '2020-03-24 08:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/fnyjvw/daily_discussion_tuesday_march_24_2020/flckjmq/', 'Except the world isn’t ending. We know the extent of damage to human life the virus can have. We are now only concerned with economic impact and inflationary printing of USD.', 'fnyjvw'], ['u/XMR_U_Ready', 34, '2020-03-24 09:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/fnyjvw/daily_discussion_tuesday_march_24_2020/flco1q0/', "Let's not start jerking each-other off just yet.", 'fnyjvw'], ['u/Fratedow', 21, '2020-03-24 09:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/fnyjvw/daily_discussion_tuesday_march_24_2020/flcoztu/', "[https://www.tradingview.com/x/Ex9czHs6/](https://www.tradingview.com/x/Ex9czHs6/)\n\n&amp;#x200B;\n\nI was taken by surprise by yesterdays relentless pumping action and exited my short from average 6150 at 6400 after that second round of pumping with a loss. You win some, you lose some. \n\nThe way I see it, we are now heading into the next resistance here. If we can stay above 6800 and close 4h candles there, I am finally leaning more bullish again. Of course it depends on the macro outlook in terms of the crisis. If we get rejected here, I expect a drop back to 6400 and if it doesn't hold back to 5900. \n\nHowever, my bearish bias which has netted me tons of profit over the last month now seems to give me less and less gains and now also a little loss like yesterday. Trend may be reversing somewhere along the lines here and I am happy to switch long again but for now I will hedge half of my stack, so that I am not fully exposed but still 50% spot long in case we see more upside. Just taking off some risk and seeing how the rest of the situation evolves. Thanks to the guys advising me to close the leveraged short yesterday btw, you got me reconsidering my stance.", 'fnyjvw'], ['u/dumpdumo', 10, '2020-03-24 11:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/fnyjvw/daily_discussion_tuesday_march_24_2020/flcsqs9/', 'Short x 10 from 7750 ready to get rekt\n\n&amp;#x200B;\n\nEdit oops 6750 got a bit hyped up haha', 'fnyjvw'], ['u/cryptogrip', 12, '2020-03-24 11:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/fnyjvw/daily_discussion_tuesday_march_24_2020/flcu91r/', "That's a lot of words to say you were wrong again.", 'fnyjvw'], ['u/TotalMelancholy', 14, '2020-03-24 13:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/fnyjvw/daily_discussion_tuesday_march_24_2020/flczcqq/', 'that’s a lot of salt for someone who claims to not give a rats ass', 'fnyjvw'], ['u/tehskies', 10, '2020-03-24 13:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/fnyjvw/daily_discussion_tuesday_march_24_2020/flczpuy/', 'dow futures went down 1% lets all sell our bitcoin!!', 'fnyjvw'], ['u/ICanHazEconomics', 16, '2020-03-24 13:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/fnyjvw/daily_discussion_tuesday_march_24_2020/fld18l8/', "I've shorted the shit out of btc since 2019, gotta say though: shorting in THIS macro environment might not be the smartest play in the world... when macro conditions change this fucking dramatically, my bias follows suit.", 'fnyjvw'], ['u/sgtd1179', 10, '2020-03-24 14:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/fnyjvw/daily_discussion_tuesday_march_24_2020/fld2yix/', 'Don’t waste your breath bud, you can’t convince those with tunnel vision.', 'fnyjvw'], ['u/simmol', 12, '2020-03-24 14:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/fnyjvw/daily_discussion_tuesday_march_24_2020/fld5mqm/', "Short-term, it definitely looks bullish for bitcoin. But I wouldn't FOMO in right now. There is bound to be correction later in the week (both stocks and bitcoin) and I would pick my spot. Probably 5.8-6K is a good entrance point.", 'fnyjvw'], ['u/amendment64', 11, '2020-03-24 18:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/fnyjvw/daily_discussion_tuesday_march_24_2020/fldvq3z/', 'Bought today for the first time in years, betting on the world going full bore on fiat stimulus packages to inflate their currencies at the same time as the halvening. Time will tell if I made the right call.', 'fnyjvw'], ['u/jgun83', 17, '2020-03-24 19:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/fnyjvw/daily_discussion_tuesday_march_24_2020/fldzure/', 'Cool. Sell what you have.', 'fnyjvw'], ['u/jahoooo', 13, '2020-03-24 20:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/fnyjvw/daily_discussion_tuesday_march_24_2020/fle4u1g/', 'Please stop.', 'fnyjvw'], ['u/bitvote', 15, '2020-03-24 21:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/fnyjvw/daily_discussion_tuesday_march_24_2020/fledvdj/', 'Stock market up. Nothing to see here. Sorry for the freak out Planet Earth, but give us a few minutes to rearrange the deck chairs and we\'ll have the bar back open. \n\nThanks to Trump we\'ll be back to normal in a couple weeks. And then, just like all those people from the 1930\'s and 40\'s, with all their stories of rationing and depressions and wars and blah blah blah we can say, "We won! WE DID IT! Wartime citizen reporting for duty, ready to buy however many strawberry frappuccino\'s and tickets to Coachella as needed to get this economy back on track! Yeah, it won\'t be easy, but we can do it!"\n\nSo, yup, let the bull run. Who cares how many dead people we need to wade through on the way to the moon. Everything\'s bullish now. \n\n- Stonks up - bullish\n- Printer goes brrr - bullish\n- Stimulus package - bullish\n- Infinite QE - bullish\n- Halving - bullish\n- Weeks of lockdown - bullish\n- Economy cratering - bullish\n- Unemployment exploding - bullish\n- Piles of dead people - bullish\n\nThinking of opening a new exchange targeted at the recently dead, maybe call it AngelMex. Given how bullish things are they\'ll definitely want to long the shit out of this. I think 1,000x is doable in the after life bcs what\'ve you got to lose!', 'fnyjvw'], ['u/j8jweb', 13, '2020-03-24 21:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/fnyjvw/daily_discussion_tuesday_march_24_2020/fleevu7/', 'Be cautious. There will be a second wave of ma... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
6681.06, 6716.44, 6469.80, 6242.19, 5922.04, 6429.84, 6438.64, 6606.78, 6793.62, 6733.39
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ["Investing.com - Ethereum fell bellow the $138.54 level on Wednesday. Ethereum was trading at 138.54 by 03:18 (07:18 GMT) on the Investing.com Index, down 2.22% on the day. It was the largest one-day percentage loss since March 23.\nThe move downwards pushed Ethereum's market cap down to $15.32B, or 0.00% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $135.58B.\nEthereum had traded in a range of $135.35 to $141.10 in the previous twenty-four hours.\nOver the past seven days, Ethereum has seen a rise in value, as it gained 22%. The volume of Ethereum traded in the twenty-four hours to time of writing was $14.24B or 0.00% of the total volume of all cryptocurrencies. It has traded in a range of $115.5934 to $151.8461 in the past 7 days.\nAt its current price, Ethereum is still down 90.27% from its all-time high of $1,423.20 set on January 13, 2018.\nBitcoin was last at $6,699.9 on the Investing.com Index, up 2.41% on the day.\nXRP was trading at $0.16223 on the Investing.com Index, a gain of 1.75%.\nBitcoin's market cap was last at $122.50B or 0.00% of the total cryptocurrency market cap, while XRP's market cap totaled $7.12B or 0.00% of the total cryptocurrency market value.\nRelated Articles\nCoin Metrics Report Shows Stablecoin Transfer Value Hit $444 Million\nTokyo-Based Association Announces New Guidelines for Blockchain Gaming\nBitcoin Price Gains 7% in 24 Hours as Wall Street Bets on $2T Bailout", "Investing.com - Ethereum fell bellow the $138.54 level on Wednesday. Ethereum was trading at 138.54 by 03:18 (07:18 GMT) on the Investing.com Index, down 2.22% on the day. It was the largest one-day percentage loss since March 23. The move downwards pushed Ethereum's market cap down to $15.32B, or 0.00% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $135.58B. Ethereum had traded in a range of $135.35 to $141.10 in the previous twenty-four hours. Over the past seven days, Ethereum has seen a rise in value, as it gained 22%. The volume of Ethereum traded in the twenty-four hours to time of writing was $14.24B or 0.00% of the total volume of all cryptocurrencies. It has traded in a range of $115.5934 to $151.8461 in the past 7 days. At its current price, Ethereum is still down 90.27% from its all-time high of $1,423.20 set on January 13, 2018. Elsewhere in cryptocurrency trading Bitcoin was last at $6,699.9 on the Investing.com Index, up 2.41% on the day. XRP was trading at $0.16223 on the Investing.com Index, a gain of 1.75%. Bitcoin's market cap was last at $122.50B or 0.00% of the total cryptocurrency market cap, while XRP's market cap totaled $7.12B or 0.00% of the total cryptocurrency market value. Related Articles Coin Metrics Report Shows Stablecoin Transfer Value Hit $444 Million Tokyo-Based Association Announces New Guidelines for Blockchain Gaming Bitcoin Price Gains 7% in 24 Hours as Wall Street Bets on $2T Bailout", "Investing.com - Cardano fell bellow the $0.029534 level on Wednesday. Cardano was trading at 0.029534 by 13:16 (17:16 GMT) on the Investing.com Index, down 0.91% on the day. It was the largest one-day percentage loss since March 24. The move downwards pushed Cardano's market cap down to $765.70804M, or 0.00% of the total cryptocurrency market cap. At its highest, Cardano's market cap was $23.91700B. Cardano had traded in a range of $0.028804 to $0.030397 in the previous twenty-four hours. Over the past seven days, Cardano has seen a rise in value, as it gained 17.79%. The volume of Cardano traded in the twenty-four hours to time of writing was $83.96112M or 0.00% of the total volume of all cryptocurrencies. It has traded in a range of $0.0258 to $0.0338 in the past 7 days. At its current price, Cardano is still down 97.81% from its all-time high of $1.35 set on January 4, 2018. Elsewhere in cryptocurrency trading Bitcoin was last at $6,673.4 on the Investing.com Index, up 0.97% on the day. Ethereum was trading at $136.26 on the Investing.com Index, a gain of 0.06%. Bitcoin's market cap was last at $121.96747B or 0.00% of the total cryptocurrency market cap, while Ethereum's market cap totaled $15.05229B or 0.00% of the total cryptocurrency market value. Related Articles Hive Continues Independence Push as Steem Stakeholders Migrate to New Chain Cardano CEO Thinks Trump is Calling America’s Bluff With Easter Reopening Bitcoin Dips Below 6,666.5 Level, Down 0.87%", "Investing.com - Cardano fell bellow the $0.029534 level on Wednesday. Cardano was trading at 0.029534 by 13:16 (17:16 GMT) on the Investing.com Index, down 0.91% on the day. It was the largest one-day percentage loss since March 24.\nThe move downwards pushed Cardano's market cap down to $765.70804M, or 0.00% of the total cryptocurrency market cap. At its highest, Cardano's market cap was $23.91700B.\nCardano had traded in a range of $0.028804 to $0.030397 in the previous twenty-four hours.\nOver the past seven days, Cardano has seen a rise in value, as it gained 17.79%. The volume of Cardano traded in the twenty-four hours to time of writing was $83.96112M or 0.00% of the total volume of all cryptocurrencies. It has traded in a range of $0.0258 to $0.0338 in the past 7 days.\nAt its current price, Cardano is still down 97.81% from its all-time high of $1.35 set on January 4, 2018.\nBitcoin was last at $6,673.4 on the Investing.com Index, up 0.97% on the day.\nEthereum was trading at $136.26 on the Investing.com Index, a gain of 0.06%.\nBitcoin's market cap was last at $121.96747B or 0.00% of the total cryptocurrency market cap, while Ethereum's market cap totaled $15.05229B or 0.00% of the total cryptocurrency market value.\nRelated Articles\nHive Continues Independence Push as Steem Stakeholders Migrate to New Chain\nCardano CEO Thinks Trump is Calling America’s Bluff With Easter Reopening\nBitcoin Dips Below 6,666.5 Level, Down 0.87%", "Bitcoin Dips Below 6,666.5 Level, Down 0.87% Investing.com - Bitcoin fell bellow the $6,666.5 level on Wednesday. Bitcoin was trading at 6,666.5 by 13:19 (17:19 GMT) on the Investing.com Index, down 0.87% on the day. It was the largest one-day percentage loss since March 24. The move downwards pushed Bitcoin's market cap down to $122.0B, or 0.00% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $241.2B. Bitcoin had traded in a range of $6,474.6 to $6,930.2 in the previous twenty-four hours. Over the past seven days, Bitcoin has seen a rise in value, as it gained 28.29%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $46.1B or 0.00% of the total volume of all cryptocurrencies. It has traded in a range of $5,256.0405 to $6,930.2427 in the past 7 days. At its current price, Bitcoin is still down 66.45% from its all-time high of $19,870.62 set on December 17, 2017. Elsewhere in cryptocurrency trading Ethereum was last at $136.07 on the Investing.com Index, down 0.08% on the day. XRP was trading at $0.16068 on the Investing.com Index, a loss of 0.28%. Ethereum's market cap was last at $15.1B or 0.00% of the total cryptocurrency market cap, while XRP's market cap totaled $7.1B or 0.00% of the total cryptocurrency market value. Related Articles Hive Continues Independence Push as Steem Stakeholders Migrate to New Chain Cardano CEO Thinks Trump is Calling America\x92s Bluff With Easter Reopening Cardano Dips Below 0.029534 Level, Down 0.91%", "Investing.com - Bitcoin fell bellow the $6,666.5 level on Wednesday. Bitcoin was trading at 6,666.5 by 13:19 (17:19 GMT) on the Investing.com Index, down 0.87% on the day. It was the largest one-day percentage loss since March 24.\nThe move downwards pushed Bitcoin's market cap down to $122.0B, or 0.00% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $241.2B.\nBitcoin had traded in a range of $6,474.6 to $6,930.2 in the previous twenty-four hours.\nOver the past seven days, Bitcoin has seen a rise in value, as it gained 28.29%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $46.1B or 0.00% of the total volume of all cryptocurrencies. It has traded in a range of $5,256.0405 to $6,930.2427 in the past 7 days.\nAt its current price, Bitcoin is still down 66.45% from its all-time high of $19,870.62 set on December 17, 2017.\nEthereum was last at $136.07 on the Investing.com Index, down 0.08% on the day.\nXRP was trading at $0.16068 on the Investing.com Index, a loss of 0.28%.\nEthereum's market cap was last at $15.1B or 0.00% of the total cryptocurrency market cap, while XRP's market cap totaled $7.1B or 0.00% of the total cryptocurrency market value.\nRelated Articles\nHive Continues Independence Push as Steem Stakeholders Migrate to New Chain\nCardano CEO Thinks Trump is Calling America’s Bluff With Easter Reopening\nCardano Dips Below 0.029534 Level, Down 0.91%", "Investing.com - Bitcoin fell bellow the $6,666.5 level on Wednesday. Bitcoin was trading at 6,666.5 by 13:19 (17:19 GMT) on the Investing.com Index, down 0.87% on the day. It was the largest one-day percentage loss since March 24.\nThe move downwards pushed Bitcoin's market cap down to $122.0B, or 0.00% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $241.2B.\nBitcoin had traded in a range of $6,474.6 to $6,930.2 in the previous twenty-four hours.\nOver the past seven days, Bitcoin has seen a rise in value, as it gained 28.29%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $46.1B or 0.00% of the total volume of all cryptocurrencies. It has traded in a range of $5,256.0405 to $6,930.2427 in the past 7 days.\nAt its current price, Bitcoin is still down 66.45% from its all-time high of $19,870.62 set on December 17, 2017.\nEthereum was last at $136.07 on the Investing.com Index, down 0.08% on the day.\nXRP was trading at $0.16068 on the Investing.com Index, a loss of 0.28%.\nEthereum's market cap was last at $15.1B or 0.00% of the total cryptocurrency **Last 60 Days of Bitcoin's Closing Prices:** [8367.85, 8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46, 8599.51, 8562.45, 8869.67, 8787.79, 8755.25, 9078.76, 9122.55, 8909.95, 8108.12, 7923.64, 7909.73, 7911.43, 4970.79, 5563.71, 5200.37, 5392.31, 5014.48, 5225.63, 5238.44, 6191.19, 6198.78, 6185.07, 5830.25, 6416.31, 6734.80] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-03-25 **Financial & Commodity Data:** - Gold Closing Price: $1632.30 - Crude Oil Closing Price: $24.49 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $121,206,722,800 - Hash Rate: 108616241.391911 - Transaction Count: 278131.0 - Unique Addresses: 528586.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.13 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: The Public Investment Fund of Saudi Arabia sold almost all of its shares inTesla Inc.(NASDAQ:TSLA) in the fourth quarter of 2019. What Happened The state-owned investment firm sold 99.5% of its 8.2 million shares last year, CNBCreportedTuesday based on a regulatory filing. The Saudi Fund is now left with about 39,000 shares in the automaker that has seen an unprecedented surge in market value this year. It was one of the five largest investors in the Elon Musk-led company, according to data compiled by Bloomberg. Why It Matters Tesla’s stock is up about 112% year-till-date at press time. The Saudi sovereign wealth fund’s shares would have been worth about $7.2 billion on Tuesday if it had held on to them. For comparison, the stake would have been worth about $2.6 billion at the end of the third quarter last year. The wealth fund has a controversial history with Tesla and its CEO. Musk had prematurely announced his intent to take the automaker private in 2018 on the back of an investment from the Saudi fund. The move ultimately led to him and Tesla separately paying $20 million in settlement charges to the United States Securities and Exchange Commission. Musk also had to relinquish his role as the company’s chairman for three years. Musk's infamous 2018 tweet which landed him in trouble with the SEC. The fund had hedged its investment in Tesla in January 2019 with the help ofJPMorgan & Chase(NYSE:JPM), the Financial Timesreportedat the time. Saudi Arabia, under the crown prince Mohammad Bin Salman, has sought to diversify the government’s holdings away from oil, and Silicon Valley has been a major destination. The fund also owns a substantial stake in ride-sharing companyUber Technologies Inc.(NYSE:UBER). Price Action Tesla's shares traded 1.91% higher in the after-hours market at $904 on Tuesday after closing the regular session 13.73% higher. 0 See more from Benzinga • Crypto Market Wrap: Less Popular Cryptocurrency Extends Gains As Bitcoin, Others Plunge • Facebook Co-Founder's Asana Files To Go Public Via Direct Listing • Twitter: 'State-Backed Actors' In Iran, Israel May've Exploited Glitch That Matched Users To Phone Numbers © 2020 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.
6716.44, 6469.80, 6242.19, 5922.04, 6429.84, 6438.64, 6606.78, 6793.62, 6733.39, 6867.53
You are an expert financial analyst. Your primary task is to 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 key measure of competition among Bitcoin miners just dropped by 15.95 percent – the second-largest decline in the network’s history.\nThe drop in so-calledmining difficultysignals some miners have bowed out of the ongoing race to solve math problems to win freshly mintedbitcoin(BTC), as a decline in the cryptocurrency’s price has made this activity less profitable. That said, the drop could work in favor for those who have chosen to stay in the game as less competition means individual miners would gain a bigger cut in Bitcoin’s daily mining output.\nThe world’s largest blockchain network by market capitalization adjusted its mining difficulty around 3:00 UTC on March 26 to 13.91 trillion (T), down from 16.55 T in the previous cycle recorded on March 9. Two weeks ago, bitcoin suffered itsworst sell-offin seven years, and it has only partially recovered since.\nRelated:Geopolitical Crisis May Benefit Oil, Gold and CBDCs, Not Bitcoin\nMining requires powerful, specialized computers that consume copious amounts of electricity, and these businesses typically pay those hefty bills by selling or borrowing against their bitcoin.\nThe price drop has erased all gains in Bitcoin’s computing power from the last three months, pushing it back to the level seen around Dec. 20. The situation wasweighingespecially on mining operators that have been running with older equipment such as Bitmain’s AntMiner S9 and other equivalent models.\nThe third-biggest drop in Bitcoin mining difficulty was 15.13 percent, recorded in December 2018 amid a price crash at the time. The largest difficulty percentage drop in Bitcoin history dates back to October 2011.\nBitcoin’s mining difficulty is programmed to adjust itself every 2,016 blocks – which normally takes about 14 days – in order to keep the average block production interval at about 10 minutes.\nRelated:Miners Are Selling More Bitcoin Than They Are Mining\nSee also:How Bitcoin Mining Works\nWhen a sizable amount of computing power on the network has been switched off during a 14-day cycle, it increases the time for remaining miners to produce the 2,016 blocks. As such, the bitcoin network would make it less difficult to mine in the next cycle.\nSimilarly, if a significant amount of processing power has plugged into the network in any cycle, shortening the average block production interval, the network will increase its difficulty in the next cycle. As a result, individual miners would generate less bitcoin since competition has intensified.\nWhat has worsened the situation for mining operators in the last 17 days is that mining difficulty had reached an all-time high on March 9 – just a few days before the March 12 price crash – and yet still more than two weeks away before it could adjust itself.\nThe recent price plunge, coupled with record mining competition at the time, had made more than two dozen old bitcoin mining models unable to generate daily profits in the past two weeks, according to data from mining pool f2pool, assuming electricity cost is at an average $0.05 per kilowatt-hour.\nThe total average computing power generated by all the mining equipment on the bitcoin network over the past two weeks has also declined from 118 exahashes per second (EH/s) in early March to now about 99 EH/s.\nChris Zhu, co-founder and COO of Chinese mining pool PoolIn said on March 12, following the price plunge, that he expected the network’s hash rate to drop by 20 to 30 percent in the next weeks, based on the hash rate decline on several major mining pools at the time.\nSeealso:Bitcoin Halving, Explained\nAnd that has led to the increase of the average block production interval to nearly 12 minutes, subsequently prolonging the adjustment period to 17 days, meaning incumbent miner operators had to wait three more days than usual before they could mine more bitcoin while still having to pay electricity costs.\nThat said, with the significant mining difficulty drop in the current cycle and bitcoin’s price bouncing back above $6,600, older mining equipment like Bitmain’s AntMiner S9 is able to bring modest daily profits again, according toPoolIn’s data.\nMeanwhile, the latest and most powerful miners delivered by Bitmain, MicroBT and Canaan since late 2019 continue to generate profits as they boast a higher mining efficiency.\nAll of the three major mining equipment manufacturers have also been racing to deliver even more top-of-the-line mining machines in the coming months as bitcoin’s halving event approaches, which will reduce the network’s mining rewards per block from 12.5 to 6.25 bitcoin.\n• Craig Wright Challenges Court Order Criticizing His Evidence in $4B Kleiman Case\n• Bitcoin in Rangebound Trading as Equity Markets Fail to See Stimulus Boost', 'A key measure of competition among Bitcoin miners just dropped by 15.95 percent – the second-largest decline in the network’s history.\nThe drop in so-calledmining difficultysignals some miners have bowed out of the ongoing race to solve math problems to win freshly mintedbitcoin(BTC), as a decline in the cryptocurrency’s price has made this activity less profitable. That said, the drop could work in favor for those who have chosen to stay in the game as less competition means individual miners would gain a bigger cut in Bitcoin’s daily mining output.\nThe world’s largest blockchain network by market capitalization adjusted its mining difficulty around 3:00 UTC on March 26 to 13.91 trillion (T), down from 16.55 T in the previous cycle recorded on March 9. Two weeks ago, bitcoin suffered itsworst sell-offin seven years, and it has only partially recovered since.\nRelated:Geopolitical Crisis May Benefit Oil, Gold and CBDCs, Not Bitcoin\nMining requires powerful, specialized computers that consume copious amounts of electricity, and these businesses typically pay those hefty bills by selling or borrowing against their bitcoin.\nThe price drop has erased all gains in Bitcoin’s computing power from the last three months, pushing it back to the level seen around Dec. 20. The situation wasweighingespecially on mining operators that have been running with older equipment such as Bitmain’s AntMiner S9 and other equivalent models.\nThe third-biggest drop in Bitcoin mining difficulty was 15.13 percent, recorded in December 2018 amid a price crash at the time. The largest difficulty percentage drop in Bitcoin history dates back to October 2011.\nBitcoin’s mining difficulty is programmed to adjust itself every 2,016 blocks – which normally takes about 14 days – in order to keep the average block production interval at about 10 minutes.\nRelated:Miners Are Selling More Bitcoin Than They Are Mining\nSee also:How Bitcoin Mining Works\nWhen a sizable amount of computing power on the network has been switched off during a 14-day cycle, it increases the time for remaining miners to produce the 2,016 blocks. As such, the bitcoin network would make it less difficult to mine in the next cycle.\nSimilarly, if a significant amount of processing power has plugged into the network in any cycle, shortening the average block production interval, the network will increase its difficulty in the next cycle. As a result, individual miners would generate less bitcoin since competition has intensified.\nWhat has worsened the situation for mining operators in the last 17 days is that mining difficulty had reached an all-time high on March 9 – just a few days before the March 12 price crash – and yet still more than two weeks away before it could adjust itself.\nThe recent price plunge, coupled with record mining competition at the time, had made more than two dozen old bitcoin mining models unable to generate daily profits in the past two weeks, according to data from mining pool f2pool, assuming electricity cost is at an average $0.05 per kilowatt-hour.\nThe total average computing power generated by all the mining equipment on the bitcoin network over the past two weeks has also declined from 118 exahashes per second (EH/s) in early March to now about 99 EH/s.\nChris Zhu, co-founder and COO of Chinese mining pool PoolIn said on March 12, following the price plunge, that he expected the network’s hash rate to drop by 20 to 30 percent in the next weeks, based on the hash rate decline on several major mining pools at the time.\nSeealso:Bitcoin Halving, Explained\nAnd that has led to the increase of the average block production interval to nearly 12 minutes, subsequently prolonging the adjustment period to 17 days, meaning incumbent miner operators had to wait three more days than usual before they could mine more bitcoin while still having to pay electricity costs.\nThat said, with the significant mining difficulty drop in the current cycle and bitcoin’s price bouncing back above $6,600, older mining equipment like Bitmain’s AntMiner S9 is able to bring modest daily profits again, according toPoolIn’s data.\nMeanwhile, the latest and most powerful miners delivered by Bitmain, MicroBT and Canaan since late 2019 continue to generate profits as they boast a higher mining efficiency.\nAll of the three major mining equipment manufacturers have also been racing to deliver even more top-of-the-line mining machines in the coming months as bitcoin’s halving event approaches, which will reduce the network’s mining rewards per block from 12.5 to 6.25 bitcoin.\n• Craig Wright Challenges Court Order Criticizing His Evidence in $4B Kleiman Case\n• Bitcoin in Rangebound Trading as Equity Markets Fail to See Stimulus Boost', 'A key measure of competition among Bitcoin miners just dropped by 15.95 percent \x96 the second-largest decline in the network\x92s history. The drop in so-called mining difficulty signals some miners have bowed out of the ongoing race to solve math problems to win freshly minted bitcoin (BTC), as a decline in the cryptocurrency\x92s price has made this activity less profitable. That said, the drop could work in favor for those who have chosen to stay in the game as **Last 60 Days of Bitcoin's Closing Prices:** [8596.83, 8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46, 8599.51, 8562.45, 8869.67, 8787.79, 8755.25, 9078.76, 9122.55, 8909.95, 8108.12, 7923.64, 7909.73, 7911.43, 4970.79, 5563.71, 5200.37, 5392.31, 5014.48, 5225.63, 5238.44, 6191.19, 6198.78, 6185.07, 5830.25, 6416.31, 6734.80, 6681.06] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-03-26 **Financial & Commodity Data:** - Gold Closing Price: $1650.10 - Crude Oil Closing Price: $22.60 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $121,257,838,069 - Hash Rate: 112492821.358516 - Transaction Count: 292828.0 - Unique Addresses: 539881.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.14 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin is staying firmly in the green amid a strong sell-off in traditional markets. The situation contrasts with last week when the top cryptocurrency by market cap had dropped sharply in tandem with equities and bond yields. Bitcoin (BTC) found bids near $8,800 during Thursday’s Asian trading hours and rose above $9,150 later in the day. Since then, prices have largely stayed well above the $9,000 mark. Related: Bitcoin’s Price Steady Over $9,000 As Sentiment Stays Positive At press time, bitcoin is changing hands at $9,100, representing a 2 percent gain on a 24-hour basis, having defended a brief dip to the psychological support of $9,000 at 01:00 UTC on Friday, according to CoinDesk’s Bitcoin Price Index . While bitcoin is looking bullish, the traditional markets are witnessing risk-averse trading, with a slide in equities and a rise in demand for gold and government bonds causing a drop in yields. At press time, major European indices including Germany’s DAX, France’s CAC 40 and the U.K.’s FTSE 100 are down between 1.5 percent and 2.2 percent. Asian stocks took a beating earlier today, too, while futures on Wall Street benchmark index, the S&P 500, are currently down 1 percent. Furthermore, the U.S. 10-year Treasury yield is currently trading at record lows below 0.8 percent, representing a 13 basis point drop on the day. Related: Bitcoin News Roundup for March 6, 2020 Gold, the classic safe-haven asset, is currently at an 11-day high of $1,681 per ounce. So it’s clear investors are selling risk and buying safe havens, likely because the coronavirus outbreak is starting to threaten to become a global pandemic and could cause far greater damage to the world economy than previously expected. Bitcoin a safe haven or risk asset? Bitcoin’s (much-debated) safe-haven narrative could strengthen again , given the cryptocurrency is flashing green amid the risk aversion in equities and the rising odds of an additional Federal Reserve rate cut. The interest rate market thinks the Fed will again cut rates by 50 basis points at its March 18 policy meeting, having delivered an emergency cut earlier this week . Story continues The crypto market community stands divided on whether bitcoin is a pro-risk or an anti-risk asset. Prominent observers including Anthony Pompliano of Morgan Creek Digital are of the opinion bitcoin is a hedge against monetary easing, while billionaire investor Michael Novogratz believes the cryptocurrency is an anti-risk or safe-haven asset. These arguments, however, could be challenged on the fact that bitcoin failed to score gains during last week’s stock market sell-off. The S&P 500 fell by 4 percent last week and bitcoin tanked by 13 percent in parallel. And while the coronavirus scare dominated market sentiment throughout February, the cryptocurrency suffered an 8.5 percent slide. “If we look at the behavior of the bitcoin price over the last couple of weeks, as concerns over a global pandemic have ramped up, it is clear that bitcoin continues to behave more like a high-risk investment than like the safe haven which it promises to be,” CoinDesk columnist and co-founder of the Open Money Initiative Jill Carlson noted earlier this week. That said, bitcoin has not had a strong positive correlation with equities either. For instance, the cryptocurrency fell from $13,000 to $6,500 during the second half of 2019, even though the S&P 500 rallied by nearly 10 percent. All in all, bitcoin appears to not be strongly correlated with other asset classes. It could yet become a safe haven, although that would require a deep investment in education, according to Carlson. From a technical analysis perspective, the cryptocurrency looks set to extend the ongoing rise toward higher resistance levels. 4-hour chart Bitcoin bounced up from $9,000 early Friday (marked by arrow), reinforcing the case for a rally to $9,550 put forward by an inverse head-and-shoulders breakout confirmed on Thursday. The breakout is also backed by an above-50 or bullish reading on the relative strength index. Daily chart Bitcoin is looking north with the MACD histogram producing higher lows in favor of the bulls. Further, the five-day average has crossed above the 10-day average, signaling a bullish shift in sentiment. Resistance at $9,312 (Feb. 4 low) could be put to test over the weekend. A violation there would expose the inverse head-and-shoulders breakout target of $9,550. Alternatively, if prices find acceptance under the former hurdle-turned-support of the inverse head-and-shoulders neckline $9,000, some buyers may exit the market, yielding a pullback to the 200-day average at $8,704. A close under $8,410 (Sunday’s low) is needed to invalidate the bullish reversal doji pattern confirmed on March 2. That would signal a continuation of the drop from February highs near $10,500. Disclosure: The author holds no cryptocurrency at the time of writing . Related Stories Bitcoin Stays Above $9,000 in US Trading How the Bitcoin Market Changed Since 2017’s Bull Run... - 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.
6469.80, 6242.19, 5922.04, 6429.84, 6438.64, 6606.78, 6793.62, 6733.39, 6867.53, 6791.13
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:** ['EOS creator Block.one has acquired the team behind once-prominent block producer EOS New York, which has now entirely ceased operations.\nBlock.one, which raisedmore than $4 billionin a yearlong initial coin offering (ICO) in 2018, said Wednesday it hadhired EOS New York foundersRick Schlesinger and Kevin Rose, as well as their team. Block.one says the former EOS New York staffers will work on community outreach initiatives.\n“In our new role, we plan to listen to and work with communities to leverage Block.one’s digital asset positions to maximize the health and security of various public networks,” Schlesinger and Rose said in a statement.\nRelated:Steem Community Mobilizes Popular Vote in Battle With Justin Sun\nEOS New York was one of the most prominent of the first generation of block producers – the 21-largest entities, by staking amount, that secure the EOS blockchain. BPs contributed to the governance of the network.\nWhen it came time to replace the interim constitution,EOS New York proposedthe simplified EOS User Agreement (EUA) which, among other things, omitted a clause that prohibited BPs from buying votes from the community.\nPassed in April 2019, new entities started promising token holders a share of the block reward in return for their votes. Many original BPs quickly lost market share, with EOS New York falling from fourth place to 33rd by the end of October 2019, for example.\nRead more:On EOS Blockchain, Vote Buying Is Business as Usual\nRelated:Why Crypto Should Care About Justin Sun’s Steem Drama\nAccusations of poor governance abounded: Former EOS backer Brock Pierce said in August that network governance had become a “Chinese oligarchy.” EOS Tribe, another original BP, said in September it wasleaving EOS altogether, complaining corruption and back-room vote-buying deals had led to a “mediocre performance” and failed transactions.\nIn November, EOS New York said it had discovered that six current BPs wereactually controlledby a single entity. Still, vote-buying on EOS continues togrow unabated;new services have even popped-up making it easier for BPs to distribute block rewards with those who voted for them.\nSincesettlingwith the Securities and Exchange Commission (SEC) last September, Block.one has begunawarding grantsto projects that benefit the EOS ecosystem. It is also developing a social network,Voice.\nA Block.one spokesperson told CoinDesk that it only acquired the team and had not carried over any of EOS New York’s block producer operations or tokens.\nEOS New York, and its affiliates, have now ceased operations entirely. Their website has been replaced with Wednesday’s announcement and their name has beenstruckfrom the list of block producer candidates.\nUPDATE (Mar. 27, 11:40 UTC):This article has been updated to include comment from Block.one.\n• On EOS Blockchain, Vote Buying Is Business as Usual\n• Bitcoin Breaks Above $10,000 in Spot Market', 'EOS creator Block.one has acquired the team behind once-prominent block producer EOS New York, which has now entirely ceased operations. Block.one, which raised more than $4 billion in a yearlong initial coin offering (ICO) in 2018, said Wednesday it had hired EOS New York founders Rick Schlesinger and Kevin Rose, as well as their team. Block.one says the former EOS New York staffers will work on community outreach initiatives. “In our new role, we plan to listen to and work with communities to leverage Block.one’s digital asset positions to maximize the health and security of various public networks,” Schlesinger and Rose said in a statement. Related: Steem Community Mobilizes Popular Vote in Battle With Justin Sun EOS New York was one of the most prominent of the first generation of block producers – the 21-largest entities, by staking amount, that secure the EOS blockchain. BPs contributed to the governance of the network. When it came time to replace the interim constitution, EOS New York proposed the simplified EOS User Agreement (EUA) which, among other things, omitted a clause that prohibited BPs from buying votes from the community. Passed in April 2019, new entities started promising token holders a share of the block reward in return for their votes. Many original BPs quickly lost market share, with EOS New York falling from fourth place to 33rd by the end of October 2019, for example. Read more: On EOS Blockchain, Vote Buying Is Business as Usual Related: Why Crypto Should Care About Justin Sun’s Steem Drama Accusations of poor governance abounded: Former EOS backer Brock Pierce said in August that network governance had become a “ Chinese oligarchy .” EOS Tribe, another original BP, said in September it was leaving EOS altogether , complaining corruption and back-room vote-buying deals had led to a “mediocre performance” and failed transactions. In November, EOS New York said it had discovered that six current BPs were actually controlled by a single entity. Still, vote-buying on EOS continues to grow unabated; new services have even popped-up making it easier for BPs to distribute block rewards with those who voted for them. Story continues Since settling with the Securities and Exchange Commission (SEC) last September, Block.one has begun awarding grants to projects that benefit the EOS ecosystem. It is also developing a social network, Voice . A Block.one spokesperson told CoinDesk that it only acquired the team and had not carried over any of EOS New York’s block producer operations or tokens. EOS New York, and its affiliates, have now ceased operations entirely. Their website has been replaced with Wednesday’s announcement and their name has been struck from the list of block producer candidates. UPDATE (Mar. 27, 11:40 UTC): This article has been updated to include comment from Block.one. Related Stories On EOS Blockchain, Vote Buying Is Business as Usual Bitcoin Breaks Above $10,000 in Spot Market', 'Virus or not, people are still paying for goods in bitcoin (BTC). That’s the verdict from new numbers out of Coinbase’s retailer payment portal Coinbase Commerce, which on Thursday passed a milestone in its two-year history: $200 million in total transactions processed. That comes from a massive network: 8,000 integrated retailers now accept cryptocurrencies alongside their other payment streams. It’s a bright spot for adoption in an otherwise topsy-turvy time for bitcoin and cryptocurrency at large, which, like so much of the world, has been struggling to price in COVID-19. Related: Singapore Temporarily Exempts Crypto Firms, Including Coinbase, From New Licensing Regime Not so for merchant crypto payments, though. Commerce product lead John Zettler told CoinDesk the team hasn’t seen any change in activity over March. Money comes more often than not in bitcoin, Zettler said. He did not provide an exact crypto-by-crypto usage breakdown, but noted bitcoin is far and away customers’ method of choice. “Merchant customers often tell us it’s the crypto they’re most familiar with and the one they trust the most,” he said. Even so, Coinbase is seeing a surge in the use of stablecoins for payment, particularly its own dollar-pegged USD Coin (USDC). USDC leads the growth pack, Zettler said. He expected to see “material growth” in stablecoin use across Q2 and Q3. Related: Coinbase Broke Traffic Records and Saw Massive Volume During Market Collapse See also: Geopolitical Crisis May Benefit Oil, Gold and CBDCs, Not Bitcoin Commerce added support for USDC in May 2019. Coinbase plans to keep building out Commerce’s features in response to merchant demands, Zettler said. Most recently it debuted a “ refunds ” service, calling it the “next step” in normalizing crypto e-commerce. Crypto still has a long way to go. It remains a miniscule payment method within the hukling global e-commerce marketplace that totaled $3.5 trillion in sales in 2019. Related Stories Bitcoin Bumps Up, but for How Long? 80% of Australians Know About Crypto but Only 1% Use It: Central Bank Study', 'Virus or not, people are still paying for goods inbitcoin(BTC).\nThat’s the verdict from new numbers out of Coinbase’s retailer payment portal Coinbase Commerce, which on Thursday passed a milestone in its two-year history: $200 million in total transactions processed.\nThat comes from a massive network: 8,000 integrated retailers now accept cryptocurrencies alongside their other payment streams. It’s a bright spot for adoption in an otherwise topsy-turvy time for bitcoin and cryptocurrency at large, which, like so much of the world, has been struggling to price in COVID-19.\nRelated:Singapore Temporarily Exempts Crypto Firms, Including Coinbase, From New Licensing Regime\nNot so for merchant crypto payments, though. Commerce product lead John Zettler told CoinDesk the team hasn’t seen any change in activity over March.\nMoney comes more often than not in bitcoin, Zettler said. He did not provide an exact crypto-by-crypto usage breakdown, but noted bitcoin is far and away customers’ method of choice.\n“Merchant customers often tell us it’s the crypto they’re most familiar with and the one they trust the most,” he said.\nEven so, Coinbase is seeing a surge in the use of stablecoins for payment, particularly its own dollar-pegged USD Coin (USDC). USDC leads the growth pack, Zettler said. He expected to see “material growth” in stablecoin use across Q2 and Q3.\nRelated:Coinbase Broke Traffic Records and Saw Massive Volume During Market Collapse\nSee also:Geopolitical Crisis May Benefit Oil, Gold and CBDCs, Not Bitcoin\nCommerceadded supportfor USDC in May 2019.\nCoinbase plans to keep building out Commerce’s features in response to merchant demands, Zettler said. Most recently it debuted a “refunds” service, calling it the “next step” in normalizing crypto e-commerce. Crypto still has a long way to go. It remains a miniscule payment method within the hukling global e-commerce marketplace that totaled$3.5 trillion in sales in 2019.\n• Bitcoin Bumps Up, but for How Long? **Last 60 Days of Bitcoin's Closing Prices:** [8909.82, 9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46, 8599.51, 8562.45, 8869.67, 8787.79, 8755.25, 9078.76, 9122.55, 8909.95, 8108.12, 7923.64, 7909.73, 7911.43, 4970.79, 5563.71, 5200.37, 5392.31, 5014.48, 5225.63, 5238.44, 6191.19, 6198.78, 6185.07, 5830.25, 6416.31, 6734.80, 6681.06, 6716.44] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-03-27 **Financial & Commodity Data:** - Gold Closing Price: $1623.90 - Crude Oil Closing Price: $21.51 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $121,257,838,069 - Hash Rate: 112492821.358516 - Transaction Count: 292828.0 - Unique Addresses: 539881.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.12 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Coinbase’s chief legal officer, Brian Brooks, is leaving the crypto exchange to become the second in command at the U.S. Office of the Comptroller of the Currency (OCC). The OCC announced Brooks’ appointment Monday, saying U.S. Treasury Secretary Steven Mnuchin designated Brooks as the new deputy effective April 1, 2020. Brooks, a former Fannie Mae executive vice president, general counsel and corporate secretary , has served as chief legal officer at Coinbase since September 2018. Mnuchin said in a statement he looks forward to working with Brooks to ensure “the stability of our financial system.” Related: Coinbase Card Users Can Now Make Crypto-Backed Payments With Google Pay The OCC is responsible for for supervising and regulating national banks and financial institutions within the U.S. Established in 1863, the independent entity ensures banks are meeting capital and risk requirements, according to Investopedia . Current Comptroller of the Currency Joseph Otting, who was nominated by U.S. President Donald Trump and sworn in in 2017, said in a statement that Brooks “brings an extensive career of legal, banking and financial innovation expertise to the agency.” “He is a visionary thinker with a passion for service and a deep understanding of how the financial services industry supports our nation’s prosperity. We are fortunate to attract such an experienced and talented individual to join our federal agency,” Otting said. Indeed, Brooks has been a vocal proponent of developing a private digital currency for the U.S., writing in Fortune Magazine last year that private corporations are best suited to building a digital dollar. Related: Bitcoin Volume Gains Traction After 24-Hour Roller-Coaster Ride He envisioned a system where the public sector would set monetary policy, but the actual technology would be built by the private space. In a statement, a Coinbase spokesperson told CoinDesk that “in the midst of a public health and financial crisis, we are comforted to know that Brian Brooks will serve in this critical role overseeing the nation’s banking system.” Story continues “Brian is an amazing and accomplished leader who has been invaluable in shaping the Coinbase legal and compliance programs, and helping policymakers and regulators better understand the opportunities and benefits of crypto. We’re always proud of Coinbase alumni who go on to serve in government, bringing a crypto-friendly perspective with them,” the spokesperson said. Zack Seward contributed reporting. Related Stories Does Crypto Need Circuit Breakers? Last Week’s Price Crash Ignites a Debate Bitcoin Ekes Out Gains but Remains in Red Amid Broader Market Rebound... - 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.
6242.19, 5922.04, 6429.84, 6438.64, 6606.78, 6793.62, 6733.39, 6867.53, 6791.13, 7271.78
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:** ["Investing.com - Ethereum fell bellow the $128.07 level on Saturday. Ethereum was trading at 128.07 by 03:21 (07:21 GMT) on the Investing.com Index, down 7.06% on the day. It was the largest one-day percentage loss since March 22. The move downwards pushed Ethereum's market cap down to $14.18B, or 0.00% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $135.58B. Ethereum had traded in a range of $125.48 to $132.30 in the previous twenty-four hours. Over the past seven days, Ethereum has seen a drop in value, as it lost 2.27%. The volume of Ethereum traded in the twenty-four hours to time of writing was $11.37B or 0.00% of the total volume of all cryptocurrencies. It has traded in a range of $120.1977 to $142.8971 in the past 7 days. At its current price, Ethereum is still down 91.00% from its all-time high of $1,423.20 set on January 13, 2018. Elsewhere in cryptocurrency trading Bitcoin was last at $6,173.2 on the Investing.com Index, down 8.15% on the day. XRP was trading at $0.16995 on the Investing.com Index, a loss of 1.93%. Bitcoin's market cap was last at $113.13B or 0.00% of the total cryptocurrency market cap, while XRP's market cap totaled $7.47B or 0.00% of the total cryptocurrency market value. Related Articles India Crypto Renaissance: Industry Sees Rebirth as RBI Crypto Ban Lifts Pantera Capital CEO: BTC Will \x91Come of Age\x92 in Crisis, May Top All Time High Blockchain Jobs Continue to Rise Despite Global Recession View comments", "Investing.com - Ethereum fell bellow the $128.07 level on Saturday. Ethereum was trading at 128.07 by 03:21 (07:21 GMT) on the Investing.com Index, down 7.06% on the day. It was the largest one-day percentage loss since March 22. The move downwards pushed Ethereum's market cap down to $14.18B, or 0.00% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $135.58B. Ethereum had traded in a range of $125.48 to $132.30 in the previous twenty-four hours. Over the past seven days, Ethereum has seen a drop in value, as it lost 2.27%. The volume of Ethereum traded in the twenty-four hours to time of writing was $11.37B or 0.00% of the total volume of all cryptocurrencies. It has traded in a range of $120.1977 to $142.8971 in the past 7 days. At its current price, Ethereum is still down 91.00% from its all-time high of $1,423.20 set on January 13, 2018. Elsewhere in cryptocurrency trading Bitcoin was last at $6,173.2 on the Investing.com Index, down 8.15% on the day. XRP was trading at $0.16995 on the Investing.com Index, a loss of 1.93%. Bitcoin's market cap was last at $113.13B or 0.00% of the total cryptocurrency market cap, while XRP's market cap totaled $7.47B or 0.00% of the total cryptocurrency market value. Related Articles India Crypto Renaissance: Industry Sees Rebirth as RBI Crypto Ban Lifts Pantera Capital CEO: BTC Will \x91Come of Age\x92 in Crisis, May Top All Time High Blockchain Jobs Continue to Rise Despite Global Recession View comments", 'Bitcoin slid by 5.66% on Friday. Reversing a 0.95% gain from Thursday, Bitcoin ended the day at $6,370.0.\nA bullish start to the day saw Bitcoin rally to an early morning intraday high $6,861.4 before hitting reverse.\nBitcoin came up against the first major resistance level at $6,856.47, before falling to an early afternoon low $6,571.3.\nFinding support at the first major support level at $6,581.67, Bitcoin recovered to $6,690 levels before taking a hit.\nA final hour sell-off saw Bitcoin slide through the first major support level at $6,581.67 and second major support level at $6,411.43.\nOf greater significance, however, was a fall through the 23.6% FIB of $6,300 to an intraday low $6,256.0.\nFinding late support, Bitcoin broke back through the 23.6% FIB to wrap up the day at $6,370 levels.\nThe near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, reaffirmed by the March swing lo $4,000.\nFor the bulls, Bitcoin would need to break out from $10,000 levels to form a near-term bullish trend.\nAcross the rest of the top 10 cryptos, it was a bearish day for the majors.\nTezos tumbled by 9.84% to lead the way down.\nBinance Coin (-6.71%), Cardano’s ADA (-6.57%), Litecoin (-6.03%), and Tron’s TRX (-6.25%) also saw heavy losses.\nBitcoin Cash ABC (-4.13%), Bitcoin Cash SV (-5.52%), EOS (-5.91%), Ethereum (-5.35%), Monero’s XMR (-5.02%), and Stellar’s Lumen (-5.93%) weren’t far behind.\nRipple’s XRP fared better than the rest, falling by just 1.98% on the day.\nThrough the current week, the crypto total market cap rose from a Monday low $163.00bn to a Wednesday high $191.26bn. At the time of writing, the total market cap stood at $174.18bn as the market hits reverse.\nBitcoin’s dominance hit 66% levels on Monday before falling to 62% levels. Bitcoin saw its dominance recover, however, to hover at around the 66% mark mid-week before sliding back. At the time of writing, Bitcoin’s dominance stood at 65.2%.\nTrading volumes jumped from $130bn levels on Monday to $168.2bn levels on Tuesday before easing back to sub-$110bn levels on Thursday. At the time of writing, 24-hr volumes stood at $116.54bn.\nAt the time of writing, Bitcoin was down by 2.91% to $6,184.5. A bearish start to the day saw Bitcoin slide from an early morning high $6,371.9 to a low $6,068.4.\nSteering clear of the major resistance levels, Bitcoin fell through the 23.6% FIB of $6,300 and the first major support level at $6,130.20.\nElsewhere, it was also a bearish start to the day for the pack.\nBitcoin Cash SV and Monero’s XMR led the way down early on, with losses of 4.07% and 4.14% respectively.\nBitcoin would need to move through to $6,500 levels to bring the first major resistance level at $6,735.6 into play.\nSupport from the broader market would be needed, however, for Bitcoin to break out from the 23.6% FIB of $6,300.\nBarring a broad-based crypto rebound, the 23.6% FIB would likely leave Bitcoin short of the first major resistance level.\nFailure to move through to $6,500 levels could see Bitcoin struggle throughout the day.\nA fall back through the first major support level at $6,130.2 would bring sub-$6,000 levels into play.\nBarring an extended crypto sell-off, however, Bitcoin should continue to steer well clear of the second major support level at $5,890.4.\nThisarticlewas originally posted on FX Empire\n• E-mini S&P 500 Index (ES) Futures Technical Analysis – 2404.25 – 2350.00 Near-Term Target\n• Natural Gas Weekly Price Forecast – Natural Gas Continues to Show Signs of Weakness\n• E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Major Support Zone 20316 – 19789\n• Crude Oil Weekly Price Forecast – Crude Oil Markets Continue to Look Soft\n• EUR/USD Forex Technical Analysis – Near-Term Strength Over 1.1167, Sellers Return Under 1.1066\n• The Crypto Daily – Movers and Shakers -28/03/20', 'Bitcoin slid by 5.66% on Friday. Reversing a 0.95% gain from Thursday, Bitcoin ended the day at $6,370.0. A bullish start to the day saw Bitcoin rally to an early morning intraday high $6,861.4 before hitting reverse. Bitcoin came up against the first major resistance level at $6,856.47, before falling to an early afternoon low $6,571.3. Finding support at the first major support level at $6,581.67, Bitcoin recovered to $6,690 levels before taking a hit. A final hour sell-off saw Bitcoin slide through the first major support level at $6,581.67 and second major support level at $6,411.43. Of greater significance, however, was a fall through the 23.6% FIB of $6,300 to an intraday low $6,256.0. Finding late support, Bitcoin broke back through the 23.6% FIB to wrap up the day at $6,370 levels. The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, reaffirmed by the March swing lo $4,000. For the bulls, Bitcoin would need to break out from $10,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the top 10 cryptos, it was a bearish day for the majors. Tezos tumbled by 9.84% to lead the way down. Binance Coin (-6.71%), Cardano’s ADA (-6.57%), Litecoin (-6.03%), and Tron’s TRX (-6.25%) also saw heavy losses. Bitcoin Cash ABC (-4.13%), Bitcoin Cash SV (-5.52%), EOS (-5.91%), Ethereum (-5.35%), Monero’s XMR (-5.02%), and Stellar’s Lumen (-5.93%) weren’t far behind. Ripple’s XRP fared better than the rest, falling by just 1.98% on the day. Through the current week, the crypto total market cap rose from a Monday low $163.00bn to a Wednesday high $191.26bn. At the time of writing, the total market cap stood at $174.18bn as the market hits reverse. Bitcoin’s dominance hit 66% levels on Monday before falling to 62% levels. Bitcoin saw its dominance recover, however, to hover at around the 66% mark mid-week before sliding back. At the time of writing, Bitcoin’s dominance stood at 65.2%. Story continues Trading volumes jumped from $130bn levels on Monday to $168.2bn levels on Tuesday before easing back to sub-$110bn levels on Thursday. At the time of writing, 24-hr volumes stood at $116.54bn. This Morning At the time of writing, Bitcoin was down by 2.91% to $6,184.5. A bearish start to the day saw Bitcoin slide from an early morning high $6,371.9 to a low $6,068.4. Steering clear of the major resistance levels, Bitcoin fell through the 23.6% FIB of $6,300 and the first major support level at $6,130.20. Elsewhere, it was also a bearish start to the day for the pack. Bitcoin Cash SV and Monero’s XMR led the way down early on, with losses of 4.07% and 4.14% respectively. For the Bitcoin Day Ahead Bitcoin would need to move through to $6,500 levels to bring the first major resistance level at $6,735.6 into play. Support from the broader market would be needed, however, for Bitcoin to break out from the 23.6% FIB of $6,300. Barring a broad-based crypto rebound, the 23.6% FIB would likely leave Bitcoin short of the first major resistance level. Failure to move through to $6,500 levels could see B **Last 60 Days of Bitcoin's Closing Prices:** [9358.59, 9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46, 8599.51, 8562.45, 8869.67, 8787.79, 8755.25, 9078.76, 9122.55, 8909.95, 8108.12, 7923.64, 7909.73, 7911.43, 4970.79, 5563.71, 5200.37, 5392.31, 5014.48, 5225.63, 5238.44, 6191.19, 6198.78, 6185.07, 5830.25, 6416.31, 6734.80, 6681.06, 6716.44, 6469.80] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-03-28 **Financial & Commodity Data:** - Gold Closing Price: $1623.90 - Crude Oil Closing Price: $21.51 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $121,257,838,069 - Hash Rate: 93365368.4297446 - Transaction Count: 240627.0 - Unique Addresses: 469113.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.08 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Coinbase’s merchant payments arm has added support for the dai stablecoin, bringing together online retail and decentralized finance (DeFi). MakerDAOannouncedThursday Coinbase Commerce had integrated dai as a payment method, opening the cryptocurrency up to affiliated online merchants and online commerce platforms like Shopify and WooCommerce. The integration will introduce “merchants to a growing segment of the cryptocurrency market, allowing them to bridge the gap between DeFi dapp entrepreneurs and their own “real world” businesses,” according to the blog post. Related:Binance Adds 15 Fiat Currencies as Exchange Pushes Global Expansion Coinbase Commerce is a free-to-use service for online retailers, allowing them to integrate cryptocurrency into their businesses. Starting out with bitcoin (BTC), ether (ETH), bitcoin cash (BCH) and litecoin (LTC), the platform has only added support for USDC – the stablecoin created by Circle and Coinbase as part of the CENTRE consortium – since its February 2018 launch. CoinDesk has approached Coinbase for comment and will update this article if we hear back. With the new integration, merchants will also be able to earn interest on any received dai by transferring it into a Dai Savings Rate (DSR) smart contract on the maker protocol. The DSR interest rate was raised to 7.5 percent by community vote earlier in February. MakerDAO says the integration will boost perceptions of dai and, potentially, bring increased adoption. Related:Santander Hires Former Apple Pay Exec to Lead P2P Payments Currently, 435,000 ether (worth roughly US $117.4 million) have been locked up in dai “vaults,” down more than 75 percent since its all-time high in November,accordingto statistics site MKR Tools. Maker’s vaults create dai as users commit collateral assets into them. The Coinbase Commerce integration means dai could be potentially accepted at the roughly four million online merchants that use the payments service. Coinbasesaidit had exceeded more than $135 million in merchant transactions in 2019, a 600 percent increase since 2018. • Top Bitcoin Developers Face Off in a Lightning-Powered Boxing Match • BitPay Launches In-Store Crypto Payments With New POS Partnership... - Reddit Posts (Sample): [['u/AMCA95', 'I just invested in bitcoin this week as a supposed safe haven from the “inevitable” recession we will be in', 14, '2020-03-28 01:55', 'https://www.reddit.com/r/Bitcoin/comments/fqa13y/i_just_invested_in_bitcoin_this_week_as_a/', 'Should I be afraid', 'https://www.reddit.com/r/Bitcoin/comments/fqa13y/i_just_invested_in_bitcoin_this_week_as_a/', 'fqa13y', [['u/x86ik', 30, '2020-03-28 02:50', 'https://www.reddit.com/r/Bitcoin/comments/fqa13y/i_just_invested_in_bitcoin_this_week_as_a/flpieim/', 'yes', 'fqa13y'], ['u/Psychological_Mind', 10, '2020-03-28 05:51', 'https://www.reddit.com/r/Bitcoin/comments/fqa13y/i_just_invested_in_bitcoin_this_week_as_a/flpwre2/', 'Honestly do you think an Internet fantasy coin will help you if the national currency collapses? No one would give a fuck about an online currency, currency would be water, labor, ammunition if shit really hits the fan.', 'fqa13y']]], ['u/TonyChills', 'What if everyone used their stimulus money to buy Bitcoin?', 30, '2020-03-28 04:37', 'https://www.reddit.com/r/Bitcoin/comments/fqcknu/what_if_everyone_used_their_stimulus_money_to_buy/', 'What would happen?', 'https://www.reddit.com/r/Bitcoin/comments/fqcknu/what_if_everyone_used_their_stimulus_money_to_buy/', 'fqcknu', [['u/AgroOW', 46, '2020-03-28 04:45', 'https://www.reddit.com/r/Bitcoin/comments/fqcknu/what_if_everyone_used_their_stimulus_money_to_buy/flprys8/', 'If people buy Bitcoin, it will increase it price.', 'fqcknu'], ['u/TonyChills', 13, '2020-03-28 04:56', 'https://www.reddit.com/r/Bitcoin/comments/fqcknu/what_if_everyone_used_their_stimulus_money_to_buy/flpsrxe/', 'Or everyone could just use Bitcoin and not cash out. Effectively stopping the inflationary system that is currently creating trillions out of thin air.', 'fqcknu'], ['u/GodGMN', 15, '2020-03-28 09:12', 'https://www.reddit.com/r/Bitcoin/comments/fqcknu/what_if_everyone_used_their_stimulus_money_to_buy/flq85u7/', 'Complex questions complex answers', 'fqcknu']]], ['u/AutoModerator', '[Daily Discussion] Saturday, March 28, 2020', 46, '2020-03-28 05:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/fqczf4/daily_discussion_saturday_march_28_2020/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas &amp; 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**Other ways to interact:**\n\n* [Get an invite](https://join.slack.com/t/reddit-bitcoinmarkets/shared_invite/enQtNjM1NTg3ODgwODUzLTQ2NjZjYjYxMWExZmZmMWY0MDNlN2JlM2RhZmM0NWY1YzY1MDlkOTMyNWFjNTZjYTg1ZDM2YmEwMWRkZjIwYjM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)\n* Set your flair to trade pretend money in [the Flair Game](https://coinsight.org/flairgame)\n* Weekly threads: [Newbie Mondays](http://www.reddit.com/r/BitcoinMarkets/search?q=newbie+monday&amp;sort=new&amp;restrict_sr=on&amp;t=all) and [Fundamentals Fridays](http://www.reddit.com/r/BitcoinMarkets/search?q=fundamentals+friday&amp;sort=new&amp;restrict_sr=on&amp;t=all)\n* Altcoins Discussion: [Altcoin Discussion](http://www.reddit.com/r/BitcoinMarkets/search?q=altcoin+discussion&amp;sort=new&amp;restrict_sr=on&amp;t=all)", 'https://www.reddit.com/r/BitcoinMarkets/comments/fqczf4/daily_discussion_saturday_march_28_2020/', 'fqczf4', [['u/_TROLL', 12, '2020-03-28 05:19', 'https://www.reddit.com/r/BitcoinMarkets/comments/fqczf4/daily_discussion_saturday_march_28_2020/flpuhiv/', "The ultimate problem: acceptance of cryptocurrency as a legit investment is inversely related to age. And frankly, the old people have the vast majority of the money. The asset bubble of the last 25 years has been a gigantic transfer of wealth from the young to the old. Old folks don't understand cryptocurrency. Most are barely aware that it even exists beyond hearing the word 'bitcoin' once or twice. They have invested in conventional markets for 40+ years, and you can't teach an old dog new tricks.\n\nConversely, people under 45 might be open to investing in crypto. But they've grown up in a world with regular recessions, pitiful wages, and few stable jobs or career paths. Younger people with a couple hundred bucks to their name aren't buying bitcoin. Or stocks. Or anything else. They're hustling to make next month's rent payment.", 'fqczf4'], ['u/SpontaneousDream', 16, '2020-03-28 07:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/fqczf4/daily_discussion_saturday_march_28_2020/flq3eif/', 'It\'s funny, I bought my first coin back in 2014 and was super stressed out that I was "buying high" at *$600*...only dared to put in tiny fractions of my leftover spending money...and here I am six years later, wishing the price will "go lower" to the *$5k* range so that I can scoop up some more. \n\nSometimes I wonder what "going lower" will look like six more years into the future...', 'fqczf4'], ['u/Oo0o8o0oO', 12, '2020-03-28 08:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/fqczf4/daily_discussion_saturday_march_28_2020/flq5n6t/', '$2k is power bottom.', 'fqczf4'], ['u/less338', 12, '2020-03-28 09:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/fqczf4/daily_discussion_saturday_march_28_2020/flq83f5/', 'You know the cost of mining keeps changing right?', 'fqczf4'], ['u/BannedNext26', 12, '2020-03-28 11:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/fqczf4/daily_discussion_saturday_march_28_2020/flqe7ra/', 'niggah you so dumb', 'fqczf4'], ['u/Hannibaalism', 26, '2020-03-28 13:31', 'https://www.reddit.com/r/BitcoinMarkets/comments/fqczf4/daily_discussion_saturday_march_28_2020/flqky7g/', 'Here is my case for BTC trending down in the coming few days. Please consider this coming from a purely pattern matching perspective as I don\'t know much about TA or candle sticks.\n\n[Figure 1 - Comparing Crises](https://i.imgur.com/xiPVlF5.png)\n\nComparing the crises, we can see that with a crash comes a relief followed by another dip. This seems true for most other dips of various scales and often grouped as fractal patterns. One such example at a finer scale being the following:\n\n[Figure 2 - Dip comparison](https://i.imgur.com/HgOy2l0.jpg)\n\nThis also shows that after a dip of "sufficient" magnitude, the price tends to bounce down to the local bottom again. This leads me to believe we will go lower during the next week. Perhaps back to 5\\~5.5k with a large wick or two above and below if I were to make a guess. Here are some other recent patterns I found matching the current dip:\n\n[Figure 3 - Barts](https://i.imgur.com/IKVHXzF.png)\n\nMy reasoning behind why these patterns / fractals repeat is because the collective psychology behind such events are usually the same, albeit at different magnitudes and scale. In this particular case, it seems well known enough to be termed an [Adam and Eve Double Top](http://thepatternsite.com/aedt.html). If this happens to be true, it also indicates we\'re heading a bit lower than where we are now.\n\nSince this sub seems open to TA, I also wanted to share some predictions on an algorithmic TA of sorts I\'ve been using. I find the rigorous back testing capabilities of number crunching a bit more appealing than the subjective qualities of a traditional TA approach.\n\n[Figure 4 - Algorithmic Trends](https://i.imgur.com/YilevZX.png)\n\nIts a layered regression (or heavily customized NN, if you can even call it that anymore) that works on extracting periodic movements and trends in time series data. It looks 15 days into the future and while the accuracy decreases the further into the future it goes on a finer time scale, it also indicates that we are currently entering a downtrend as well.\n\nTo summarize, I believe we are heading lower next week. Cases that argue against this would be much appreciated as I\'m trying to compile these and weigh them over the weekend.', 'fqczf4'], ['u/sgtd1179', 23, '2020-03-28 14:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/fqczf4/daily_discussion_saturday_march_28_2020/flqmz52/', 'Here we go again, drops 10% and now the lurkers come out calling sub 3k again. 🙄', 'fqczf4'], ['u/kvg9', 14, '2020-03-28 14:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/fqczf4/daily_discussion_saturday_march_28_2020/flqodco/', "Not calling for sub 3k but 30%+ drop always starts with 10% drop afaik.\n\nIt's not about how hard the drop is but what it does from TA standpoint. Broken 2-week-long bear flag/rising wedge/ascending triangle doesn't give optimism it's going to reclaim $7k any time soon.", 'fqczf4'], ['u/ChrisMrShowbiz', 10, '2020-03-28 14:37', 'https://www.reddit.com/r/BitcoinMarkets/comments/fqczf4/daily_discussion_saturday_march_28_2020/flqpd74/', '3k might be reaching, but yesterday was a harsh rejection and lack of a bounce, coupled with other assets also trending down, is very bearish right now. Sub 5.7k is much closer than 7k+', 'fqczf4'], ['u/kvg9', 12, '2020-03-28 14:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/fqczf4/daily_discussion_saturday_march_28_2020/flqptej/', "**Bitcoin**: gets rejected twice from $7k, breaks down from 4-day-long consolidation, breaks down from 15-day-long bear flag/rising wedge with daily confirmation.\n\n**wardser**: everyone calling bear right now is a noob.\n\n\nYou might end up being right and it will go up just because but you're pretty much just gambling on this outcome. Don't pretend you're not.", 'fqczf4'], ['u/ChrisMrShowbiz', 13, '2020-03-28 15:06', 'https://www.reddit.com/r/BitcoinMarkets/comments/fqczf4/daily_discussion_saturday_march_28_2020/flqrkmb/', "Hey man that last line is uncalled for and makes your argument look weak. There is no panic in my comments and I'm treating you with respect.\n\nAbout the higher high: on Coinbase it was $6990 first time and $6983 second time. On Bitstamp the difference is even bigger. 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.
5922.04, 6429.84, 6438.64, 6606.78, 6793.62, 6733.39, 6867.53, 6791.13, 7271.78, 7176.41
You are an expert financial analyst. Your primary task is to 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 fell by 1.91% on Saturday. Following on from a 5.66% slide on Friday, Bitcoin ended the day at $6,250.0. A bearish start to the day saw Bitcoin fall to an early morning low $6,068.4 before finding support. Bitcoin fell through the 23.6% FIB of $6,300 and the first major support level at $6,130.20 before recovering to $6,300 levels. The recovery was brief, however, with Bitcoin sliding to a late afternoon intraday low $6,050.0. Bitcoin fell back through the 23.6% FIB of $6,300 and the first major support level at $6,130.20. Late in the day, Bitcoin hit a high $6,301.2 before falling easing back to end the day in the deep red. The 23.6% FIB pinned Bitcoin back late on. The near-term bearish trend, formed at late June 2019’s swing hi $13,764.0, remained firmly intact, reaffirmed by the March swing lo $4,000. For the bulls, Bitcoin would need to break out from $10,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the top 10 cryptos, it was a mixed day for the majors. Cardano’s ADA (+3.49%), EOS (+0.64%), Litecoin (+1.94%), Ripple’s XRP (+1.72%), and Tron’s TRX (+2.81%) ended the day in the green. It was bearish for the rest of the pack, with Bitcoin Cash SV falling by 3.80% to lead the way down. Binance Coin (-1.29%), Bitcoin Cash ABC (-1.92%), Ethereum (-0.16%), Monero’s XMR (-0.04%), Stellar’s Lumen (-0.52%), and Tezos (-1.38%) also saw red. Through the current week, the crypto total market cap rose from a Monday low $163.00bn to a Wednesday high $191.26bn. At the time of writing, the total market cap stood at $174.92bn. Bitcoin’s dominance hit 66% levels on Monday before falling to 62% levels. Bitcoin saw its dominance recover, however, to hover at around the 66% mark mid-week before sliding back. At the time of writing, Bitcoin’s dominance stood at 64.9%. Trading volumes jumped from $130bn levels on Monday to $168.2bn levels on Tuesday before easing back to sub-$110bn levels on Thursday. At the time of writing, 24-hr volumes stood at $112.59bn. Story continues This Morning At the time of writing, Bitcoin was down by 0.69% to $6,206.8. A bearish start to the day saw Bitcoin rise to an early morning high $6,280.0 before falling to a low $6,189.1. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was also a bearish start to the day. Tron’s TRX and Stellar’s Lumen fell by 1.52% and by 1.31% respectively to lead the way down early on. For the Bitcoin Day Ahead Bitcoin would need to move through to $6,230 levels to bring the first major resistance level at $6,397.93 into play. Support from the broader market would be needed, however, for Bitcoin to break out from the 23.6% FIB of $6,300. Barring a broad-based crypto rebound, the 23.6% FIB would likely leave Bitcoin short of the first major resistance level. Failure to move through to $6,230 levels could see Bitcoin fall deeper into the red. A fall back through to the morning low $6,181.1 would bring the first major support level at $6,076.03 into play. Barring an extended crypto sell-off, however, Bitcoin should continue to steer well clear of the second major support level at $5,902.07. This article was originally posted on FX Empire More From FXEMPIRE: U.S Mortgage Rates Hit Reverse as Applications Fall and the FED Delivers Stability European Equities: A Week in Review – 28/03/20 USD/JPY Forex Technical Analysis – Major Support Cluster at 106.706 to 106.450 Gold Price Futures (GC) Technical Analysis – Needs to Hold $1610.50 – $1580.40 to Sustain the Rally EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 29/03/20 Is Gold Mirroring 1999 to 2011 Again?', 'Bitcoin fell by 1.91% on Saturday. Following on from a 5.66% slide on Friday, Bitcoin ended the day at $6,250.0.\nA bearish start to the day saw Bitcoin fall to an early morning low $6,068.4 before finding support.\nBitcoin fell through the 23.6% FIB of $6,300 and the first major support level at $6,130.20 before recovering to $6,300 levels.\nThe recovery was brief, however, with Bitcoin sliding to a late afternoon intraday low $6,050.0.\nBitcoin fell back through the 23.6% FIB of $6,300 and the first major support level at $6,130.20.\nLate in the day, Bitcoin hit a high $6,301.2 before falling easing back to end the day in the deep red.\nThe 23.6% FIB pinned Bitcoin back late on.\nThe near-term bearish trend, formed at late June 2019’s swing hi $13,764.0, remained firmly intact, reaffirmed by the March swing lo $4,000.\nFor the bulls, Bitcoin would need to break out from $10,000 levels to form a near-term bullish trend.\nAcross the rest of the top 10 cryptos, it was a mixed day for the majors.\nCardano’s ADA (+3.49%), EOS (+0.64%), Litecoin (+1.94%), Ripple’s XRP (+1.72%), and Tron’s TRX (+2.81%) ended the day in the green.\nIt was bearish for the rest of the pack, with Bitcoin Cash SV falling by 3.80% to lead the way down.\nBinance Coin (-1.29%), Bitcoin Cash ABC (-1.92%), Ethereum (-0.16%), Monero’s XMR (-0.04%), Stellar’s Lumen (-0.52%), and Tezos (-1.38%) also saw red.\nThrough the current week, the crypto total market cap rose from a Monday low $163.00bn to a Wednesday high $191.26bn. At the time of writing, the total market cap stood at $174.92bn.\nBitcoin’s dominance hit 66% levels on Monday before falling to 62% levels. Bitcoin saw its dominance recover, however, to hover at around the 66% mark mid-week before sliding back. At the time of writing, Bitcoin’s dominance stood at 64.9%.\nTrading volumes jumped from $130bn levels on Monday to $168.2bn levels on Tuesday before easing back to sub-$110bn levels on Thursday. At the time of writing, 24-hr volumes stood at $112.59bn.\nAt the time of writing, Bitcoin was down by 0.69% to $6,206.8. A bearish start to the day saw Bitcoin rise to an early morning high $6,280.0 before falling to a low $6,189.1.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was also a bearish start to the day. Tron’s TRX and Stellar’s Lumen fell by 1.52% and by 1.31% respectively to lead the way down early on.\nBitcoin would need to move through to $6,230 levels to bring the first major resistance level at $6,397.93 into play.\nSupport from the broader market would be needed, however, for Bitcoin to break out from the 23.6% FIB of $6,300.\nBarring a broad-based crypto rebound, the 23.6% FIB would likely leave Bitcoin short of the first major resistance level.\nFailure to move through to $6,230 levels could see Bitcoin fall deeper into the red.\nA fall back through to the morning low $6,181.1 would bring the first major support level at $6,076.03 into play.\nBarring an extended crypto sell-off, however, Bitcoin should continue to steer well clear of the second major support level at $5,902.07.\nThisarticlewas originally posted on FX Empire\n• U.S Mortgage Rates Hit Reverse as Applications Fall and the FED Delivers Stability\n• European Equities: A Week in Review – 28/03/20\n• USD/JPY Forex Technical Analysis – Major Support Cluster at 106.706 to 106.450\n• Gold Price Futures (GC) Technical Analysis – Needs to Hold $1610.50 – $1580.40 to Sustain the Rally\n• EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 29/03/20\n• Is Gold Mirroring 1999 to 2011 Again?', "Investing.com - Ethereum fell bellow the $129.52 level on Sunday. Ethereum was trading at 129.52 by 03:22 (07:22 GMT) on the Investing.com Index, down 1.09% on the day. It was the largest one-day percentage loss since March 26. The move downwards pushed Ethereum's market cap down to $14.33B, or 0.00% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $135.58B. Ethereum had traded in a range of $128.93 to $131.74 in the previous twenty-four hours. Over the past seven days, Ethereum has seen a drop in value, as it lost 2.93%. The volume of Ethereum traded in the twenty-four hours to time of writing was $11.00B or 0.00% of the total volume of all cryptocurrencies. It has traded in a range of $120.1977 to $142.8971 in the past 7 days. At its current price, Ethereum is still down 90.90% from its all-time high of $1,423.20 set on January 13, 2018. Elsewhere in cryptocurrency trading Bitcoin was last at $6,166.9 on the Investing.com Index, up 0.05% on the day. XRP was trading at $0.17412 on the Investing.com Index, a gain of 2.40%. Bitcoin's market cap was last at $113.29B or 0.00% of the total cryptocurrency market cap, while XRP's market cap totaled $7.65B or 0.00% of the total cryptocurrency market value. Related Articles India Crypto Renaissance: Industry Sees Rebirth as RBI Crypto Ban Lifts Network of Fake Bitcoin QR Code Generators Stole $45,000 in March Blockchain Jobs Continue to Rise Despite Global Recession", "Investing.com - Ethereum fell bellow the $129.52 level on Sunday. Ethereum was trading at 129.52 by 03:22 (07:22 GMT) on the Investing.com Index, down 1.09% on the day. It was the largest one-day percentage loss since March 26.\nThe move downwards pushed Ethereum's market cap down to $14.33B, or 0.00% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $135.58B.\nEthereum had traded in a range of $128.93 to $131.74 in the previous twenty-four hours.\nOver the past seven days, Ethereum has seen a drop in value, as it lost 2.93%. The volume of Ethereum traded in the twenty-four hours to time of writing was $11.00B or 0.00% of the total volume of all cryptocurrencies. It has traded in a range of $120.1977 to $142.8971 in the past 7 days.\nAt its current price, Ethereum is still down 90.90% from its all-time high of $1,423.20 set on January 13, 2018.\nBitcoin was last at $6,166.9 on the Investing.com Index, up 0.05% on the day.\nXRP was trading at $0.17412 on the Investing.com Index, a gain of 2.40%.\nBitcoin's market cap was last at $113.29B or 0.00% of the total cryptocurrency market cap, while XRP's market cap totaled $7.65B or 0.00% of the total cryptocurrency market value.\nRelated Articles\nIndia Crypto Renaissance: Industry Sees Reb **Last 60 Days of Bitcoin's Closing Prices:** [9316.63, 9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46, 8599.51, 8562.45, 8869.67, 8787.79, 8755.25, 9078.76, 9122.55, 8909.95, 8108.12, 7923.64, 7909.73, 7911.43, 4970.79, 5563.71, 5200.37, 5392.31, 5014.48, 5225.63, 5238.44, 6191.19, 6198.78, 6185.07, 5830.25, 6416.31, 6734.80, 6681.06, 6716.44, 6469.80, 6242.19] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-03-29 **Financial & Commodity Data:** - Gold Closing Price: $1623.90 - Crude Oil Closing Price: $21.51 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $121,257,838,069 - Hash Rate: 93365368.4297446 - Transaction Count: 240627.0 - Unique Addresses: 469113.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.12 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: The global markets rout continued into Monday morning following a historic weekend for stocks and commodity trading over the weekend. Trading of S&P 500 futures were halted Sunday following a5% decline,indicating U.S. stocks will plunge at market open. The panic selling followed the largest one-day decline in oil prices in 30 years, which was set-off bya breakdown in conversations between OPECand Russia to cut crude output. The outlook for the oil market is bleak, according to Goldman Sachs. In a note to clients, the investment bank cut its second quarter and third quarter estimate for oil prices to $20 a barrel. The jitters in oil are underpinned by broader market concerns about the economic ramifications of the ever-spreading corona-virus, which surpassed more than 100,000 confirmed cases over the weekend. Italy, a country reeling from its inability to control the virus outbreak, is limiting travel to the most impacted regions. Indeed, investors have been seeking safety over the course of the last month, fleeing risk assets from bitcoin to stocks. As such, the yield for30-year U.S. Teasury fell below 1%for the first time in history, while the 10-year hit a record low of less than 0.4%. Experts expect the Federal Reserve will once again slash interest rates to curb corona's fall-out. Investment banks such as Citigroup and Goldman Sachs have been sounding the alarm bells, noting in research to clients that market turmoil might continue until the end of the year. "The US economy could slip into a recession if the coronavirus contagion lasts for an extended period of time," Goldman Sachs said in a note reviewed by The Block. "In that situation, we estimate S&P 500 EPS would fall by 13% to $143 in 2020 and the index would decline to 2450 by year-end." The index ended Friday's trade at around 2,972, a more than 12% decline since February 19. As for bitcoin, the price of the digital currency—which has been lauded as both a safe haven and uncorrelated asset by some market pontificators—has largely been in lock-step with the broader market. It has dipped below $8,000 Monday morning, trading down more than 12% since Saturday. Meanwhile, CME Group Bitcoin futures — arguably the easiest product for traditional traders, hedge funds, and large asset managers to get exposure to bitcoin — had seen volumes fall off a cliff since breaching $1 billion in traded volume the day before the S&P500 peaked. The 7-day rolling average trading volume of CME bitcoin futures is down more than 75% since then.... - 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.
6429.84, 6438.64, 6606.78, 6793.62, 6733.39, 6867.53, 6791.13, 7271.78, 7176.41, 7334.10
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:** ['(Bloomberg Opinion) -- If the recent selloff in markets proves anything, it’s that for too many years too many people were focused solely on returns with zero consideration for risk or safety. The last time anyone really thought about safety in markets was during the financial crisis more than a decade ago, when investors couldn’t get enough government bonds or cash.\nBut as the economy recovered, so did investors’ appetite for risk. A sort of cult of equity developed, with the unshakable belief that stocks would keep going up, and if they ever went down – which they did fairly sharply in the second half of 2015 and the end of 2018 - they would always come back – which they always did. “Buy the dip” became an actual strategy. The American Association of Individual Investors found that its members had an almost 66% allocation to stocks in December, up from 41% at the bottom of the financial crisis.\nMore importantly, the definition of safe morphed as stocks soared to new heights. If you went to your financial advisor and told him or her that your risk tolerance was low, he or she probably would have put your money in a portfolio of stocks that had a history of rising, not because they had any defensive qualities. But as we have seen this month, all stocks can go down with equal ferocity. That cult of equity has been shattered – perhaps permanently.\nThe prevailing feature of this bear market is that nothing has really been safe. If you had any exposure to bonds, it was probably in the form of investment grade or high-yield, high-risk debt, which were down almost as much as stocks until the stimulus packages from the government and Federal Reserve. And nobody contemplated a scenario where municipal bonds would not be safe. General obligation munis are backed by the unlimited taxing power of municipalities, but yet they were not spared, and that market ceased functioning.\nU.S. Treasury notes and bonds did provide some diversification benefits, but only to a point. After yields bottomed a couple of weeks ago, a massive unwinding of certain trades and the promise of massive government borrowing to fund the fiscal rescue plan drove yields higher. For decades, bonds mixed with stocks was good enough to achieve diversification, but will probably be less useful going forward.\nGold has been a bit of a disappointment. The whole reason people buy it is for situations like this, and it hasn’t worked, initially taking a big dive from about $1,680 an ounce to $1,471 in a matter of weeks. Although something similar happened in the last crisis, with gold peaking early at $1,000 as Bear Stearns collapsed, and then proceed to go down as the financial system unraveled, before finally turning and surging to $1,900. Although gold has rebounded somewhat, those expecting gold to go up when stocks went down were let down. Similarly, Bitcoin has also been less than underwhelming. The digital currency, which sometimes trades like a haven asset, has mostly traded as a risk asset instead, though it has also recovered somewhat just like with gold.\nMoney market funds are struggling to avoid a situation like what happened in 2008, when the Lehman Brothers bankruptcy caused the Reserve Primary fund to “break the buck,” which led to a run on money market funds. The commercial paper market is smaller than it used to be, but money market and ultrashort duration bond funds don’t strike me as very safe here without help from the Fed.\nOnly Treasury bills or cash would have provided you with the safety you desired. But cash has its own set of issues and concerns. If you have more than $250,000 in one bank, there is a chance that it’s not entirely safe, either, which people were forced to think about in 2008. Also, it looks like the government and the Fed will be dropping money out of helicopters, and people are - perhaps prematurely - starting to talk about inflation again. So on a long-term basis, cash makes less sense.\nAs for as the safety of different investment vehicles, exchange-traded funds that own bonds are again taking heat for trading at a significant discount to their underlying assets (though I wrote about this a few years ago, and it is a feature, not a bug, of ETFs). And we are again looking at a situation where there is a possibility that open-end mutual funds might gate redemptions for liquidity reasons.\nAll of this forces an investor to ask themselves what is safe? Is anything really safe? The days of dollar-cost-averaging a standard portfolio where 80% is invested in stocks and 20% is invested in bonds and watching your money grow at 10% a year and end up with a few million dollars at retirement are likely over. Returns will undoubtedly be lower, forcing people to save more and consume less—which is not what is needed for an economic recovery.\nMy beliefs about risk were shaped years ago reading books such as “The Black Swan” and “The (Mis)behavior of Markets,” which focused on ideas like how financial markets follow a power-law distribution, and not a normal distribution, and that markets are vulnerable to large, unforeseen events. Knowing this, you try to build a portfolio that gives you a modicum of exposure to the upside, but truncates your exposure to the downside.\nThe bears and the financial doomsday preppers were widely ridiculed during the bull market. I won’t say they have been vindicated, but people’s perception of risk has been forever altered.\nThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.\nJared Dillian is the editor and publisher of The Daily Dirtnap, investment strategist at Mauldin Economics, and the author of "Street Freak" and "All the Evil of This World." He may have a stake in the areas he writes about.\nFor more articles like this, please visit us atbloomberg.com/opinion\nSubscribe nowto stay ahead with the most trusted business news source.\n©2020 Bloomberg L.P.', '(Bloomberg Opinion) -- If the recent selloff in markets proves anything, it’s that for too many years too many people were focused solely on returns with zero consideration for risk or safety. The last time anyone really thought about safety in markets was during the financial crisis more than a decade ago, when investors couldn’t get enough government bonds or cash. But as the economy recovered, so did investors’ appetite for risk. A sort of cult of equity developed, with the unshakable belief that stocks would keep going up, and if they ever went down – which they did fairly sharply in the second half of 2015 and the end of 2018 - they would always come back – which they always did. “Buy the dip” became an actual strategy. The American Association of Individual Investors found that its members had an almost 66% allocation to stocks in December, up from 41% at the bottom of the financial crisis. More importantly, the definition of safe morphed as stocks soared to new heights. If you went to your financial advisor and told him or her that your risk tolerance was low, he or she probably would have put your money in a portfolio of stocks that had a history of rising, not because they had any defensive qualities. But as we have seen this month, all stocks can go down with equal ferocity. That cult of equity has been shattered – perhaps permanently. The prevailing feature of this bear market is that nothing has really been safe. If you had any exposure to bonds, it was probably in the form of investment grade or high-yield, high-risk debt, which were down almost as much as stocks until the stimulus packages from the government and Federal Reserve. And nobody contemplated a scenario where municipal bonds would not be safe. General obligation munis are backed by the unlimited taxing power of municipalities, but yet they were not spared, and that market ceased functioning. U.S. Treasury notes and bonds did provide some diversification benefits, but only to a point. After yields bottomed a couple of weeks ago, a massive unwinding of certain trades and the promise of massive government borrowing to fund the fiscal rescue plan drove yields higher. For decades, bonds mixed with stocks was good enough to achieve diversification, but will probably be less useful going forward. Story continues Gold has been a bit of a disappointment. The whole reason people buy it is for situations like this, and it hasn’t worked, initially taking a big dive from about $1,680 an ounce to $1,471 in a matter of weeks. Although something similar happened in the last crisis, with gold peaking early at $1,000 as Bear Stearns collapsed, and then proceed to go down as the financial system unraveled, before finally turning and surging to $1,900. Although gold has rebounded somewhat, those expecting gold to go up when stocks went down were let down. Similarly, Bitcoin has also been less than underwhelming. The digital currency, which sometimes trades like a haven asset, has mostly traded as a risk asset instead, though it has also recovered somewhat just like with gold. Money market funds are struggling to avoid a situation like what happened in 2008, when the Lehman Brothers bankruptcy caused the Reserve Primary fund to “break the buck,” which led to a run on money market funds. The commercial paper market is smaller than it used to be, but money market and ultrashort duration bond funds don’t strike me as very safe here without help from the Fed. Only Treasury bills or cash would have provided you with the safety you desired. But cash has its own set of issues and concerns. If you have more than $250,000 in one bank, there is a chance that it’s not entirely safe, either, which people were forced to think about in 2008. Also, it looks like the government and the Fed will be dropping money out of helicopters, and people are - perhaps prematurely - starting to talk about inflation again. So on a long-term basis, cash makes less sense. As for as the safety of different investment vehicles, exchange-traded funds that own bonds are again taking **Last 60 Days of Bitcoin's Closing Prices:** [9508.99, 9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46, 8599.51, 8562.45, 8869.67, 8787.79, 8755.25, 9078.76, 9122.55, 8909.95, 8108.12, 7923.64, 7909.73, 7911.43, 4970.79, 5563.71, 5200.37, 5392.31, 5014.48, 5225.63, 5238.44, 6191.19, 6198.78, 6185.07, 5830.25, 6416.31, 6734.80, 6681.06, 6716.44, 6469.80, 6242.19, 5922.04] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-03-30 **Financial & Commodity Data:** - Gold Closing Price: $1622.00 - Crude Oil Closing Price: $20.09 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $121,257,838,069 - Hash Rate: 101664512.290166 - Transaction Count: 276828.0 - Unique Addresses: 535787.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.10 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: The Breitling Top Time, pictured above, was a hand-wound chronograph from the 1960s popular with the Jet Set of the era. James Bond wore it in “Thunderball,” although his featured a miniature Geiger counter. The company has rereleased the watch, black and white “panda” face and all, to a new generation and it’s doing something a bit different this time. Instead of offering a certificate of authenticity, the company is registering each watch on a private blockchain that will follow its provenance from owner to owner. As such, it’s a rare example of an enterprise blockchain project that made its way to real-world deployment; most corporate dabbling with distributed ledgers has resulted in little more than hype. Related: Bitcoin News Roundup for March 30, 2020 “The Breitling Top Time Limited Edition will be the brand’s first watch offered with a blockchain-based digital passport, which confirms the authenticity and ownership of the watch with a single click,” the company said in a press release. Breitling is using a blockchain from valuables registrar Arianee , a French company whose aim is to build “perpetual relationships between brands and owners.” The solution ties the watch’s warranty to the watch itself and not to any paper trail, allowing owners to have their pieces serviced by authorized dealers based on the watch’s digital signature. The Arianee blockchain combines permissioned and permissionless elements through its use of a consensus mechanism it’s calling “proof-of-authority.” It is permissionless in the sense that users who want to sell products to one another can interact with the blockchain, but the verifying of the ledger and issuance of tokens is controlled by the participating businesses. Breitling, founded in 1884, is being a good sport about the project, saying the system allows users to “engage with the brand anonymously” and take part in “new online services ranging from advanced clienteling to a revolutionary care program.” Related: Old Rivals Oracle and IBM Want Their Blockchains to Talk to Each Other The watch nerd will note that the Top Time has a linear scale on its bezel instead of a tachymeter . This is called a decimal scale and was offered on some watches in the 1960s. It was, apparently , used for scientific timings, splitting each minute into 100 sections rather than the usual 60. The watch costs $4,990, or about 80 percent of the current price of one bitcoin . Breitling, one of the first manufacturers to offer online sales , is shipping the Top Time this month. Related Stories Microsoft, EY and ConsenSys Tout New Way for Big Biz to Use Public Ethereum Hyperledger Conference Shows Where Blockchain Can Fight Global Warming 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.
6438.64, 6606.78, 6793.62, 6733.39, 6867.53, 6791.13, 7271.78, 7176.41, 7334.10, 7302.09
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:** ["ESTONIA / ACCESSWIRE / March 31, 2020 / Goldario- Dispersion to the World's Advanced Economy Goldario is a cryptocurrency token that is backed by the precious metals, stones, jewellery manufacturing & retail industry, which is considered to be among the most valuable industries in the world of the traditional economy today. Worth $279 billion in 2018, the worldwide estimation of the gems and jewellery market is expected to increase to approximately $480 billion by 2025. There are different processes that are involved in producing these gems and jewellery from their raw state when mined to their finished state where they can be used by consumers as jewellery. It is pretty difficult and close to impossible for a small-scale investor to delve into this lucrative and high rewarding industry due to the expensive and cumbersome processes that are involved in creating these items. The business operation of Goldario does not only deal in Emerald Mines , as they own a Gemstones Cutting and Polishing Factory, a Jewellery Manufacturing Company, and jewelry retails business. The project already has an established infrastructure in Brazil that is registered with company name G44 SA and possesses Emerald Mines that has an estimated deposit of $3 billion. About The GLD Token With the Goldario (GLD) token, big-time investors, as well as small scale investors with low ventures, can own a Gold and Emerald mining, Jewellery Manufacturing and Retail Shops business as the holders of this token are apportioned a digitized share in gold and emerald mines and in-house jewellery making for the world market that will help them to earn profit from various underlying businesses. The token is a blockchain-based cryptocurrency that was built on the Ethereum blockchain (ERC-20). Every investor of the GLD token during the token sale is entitled to some portion of a potential and passive income creating business. How GLD Can Revolutionize the Jewellery Industry The priority of the Goldario platform is not only on the usage of the GLD token as it also encourages investors to maximize their chances of investing in the precious metals industry by affording them the opportunity to redeem their GLD tokens in the form Gems and Gold Jewellery through the launch of the GLD token. Story continues GLD is in a great position to become the leading platform of choice for the consumers and various businesses that deal in the jewelry industry, as it offers a potential underlying asset backing which allows users to obtain and have entitlement over physical mines, jewelry production factories , and Jewellery retail businesses from across the world. Key Facts About the GLD Token The GLD token is considered to be a competitor to established cryptocurrencies like Bitcoin and is open to global business investors and cryptocurrency lovers. The following are reasons why the GLD token should be considered. It is a first of its kind cryptocurrency to be used in the redemption of Gems and Gold. Its owners are a world-renowned and registered group of company with existing successful businesses. It has a lower investment plan that starts from $125 which small scale investors can take advantage of. It has a cryptocurrency exchange that is called the Inoex Exchange. It utilizes the trustless system of the blockchain. It is expected to be a top-ranking cryptocurrency in a few years time. It can be exchanged to fiat currencies such as the USD, EURO and Pounds very easily. Why You Can Trust Goldario Goldario is a project of a registered company with operating businesses like the Emerald and Gold Mines, the Jewellery Brand, the Cryptocurrency Exchange business locally operating in Brazil and the Jewellery Factory all fully and legally licensed, giving it a positive image to be adopted as a standardized currency all over the world. The Future Looks Bright with The Goldario Blockchain Project Goldario began their journey to success in 2018 when they created the InoexCryptocurrency Exchange, it was supposed to be the original plan and strategy behind the launch of the GLD token under an ICO platform that is backed by the precious stones, metals and the jewellery manufacturing network ecosystem. The launch of the GLD token is expected to position the Goldario blockchain project among the top blockchain projects due to its competitive nature and commitment to the world of the digital economy. Requirements to be a Part of Goldario What is expected from an investor to be a part of this digital economic system with multiple benefits is quite easy and convenient, they only have to buy a block processor during the ongoing token presale at the cost price of $1 USD per GLD token with a base start breaking point of $125 USD. Crowd Sale Information Start of Token Crowd sale: Date 01-07-2020 Duration: 180 days Token symbol: GLD Token standard: ERC-20 (For Token Sale) Soft cap: 300 million USD Hard cap: 1 Billion USD Total token supply: 1,000,000,000 Token price: 1.00 USD per token Bonus allocation: 30% Goldario is a project that looks to change the cryptocurrency industry by providing a business with a worthy commercial value. Its community program is designed by experts using block processors and a reward program with a direct referral bonus, suitable for all investors, to ensure a quick sale of tokens. Useful Links Official Website: https://goldario.com Facebook page: https://www.facebook.com/Goldario.token/ Twitter: https://twitter.com/GoldarioToken Instagram: https://www.instagram.com/goldariotoken/ YouTube Channel: https://www.youtube.com/c/Goldario Bounty Program: https://www.goldario.com/bounty/ Buy Tokens: https://office.goldario.com/register/ Contact: Name: Goldario Email: [email protected] SOURCE: Goldario View source version on accesswire.com: https://www.accesswire.com/583243/Be-a-portion-of-Change-to-the-Worlds-Digital-Economy", "ESTONIA / ACCESSWIRE / March 31, 2020 / Goldario- Dispersion to the World's Advanced Economy Goldario is a cryptocurrency token that is backed by the precious metals, stones, jewellery manufacturing & retail industry, which is considered to be among the most valuable industries in the world of the traditional economy today. Worth $279 billion in 2018, the worldwide estimation of the gems and jewellery market is expected to increase to approximately $480 billion by 2025. There are different processes that are involved in producing these gems and jewellery from their raw state when mined to their finished state where they can be used by consumers as jewellery. It is pretty difficult and close to impossible for a small-scale investor to delve into this lucrative and high rewarding industry due to the expensive and cumbersome processes that are involved in creating these items. The business operation of Goldario does not only deal in Emerald Mines , as they own a Gemstones Cutting and Polishing Factory, a Jewellery Manufacturing Company, and jewelry retails business. The project already has an established infrastructure in Brazil that is registered with company name G44 SA and possesses Emerald Mines that has an estimated deposit of $3 billion. About The GLD Token With the Goldario (GLD) token, big-time investors, as well as small scale investors with low ventures, can own a Gold and Emerald mining, Jewellery Manufacturing and Retail Shops business as the holders of this token are apportioned a digitized share in gold and emerald mines and in-house jewellery making for the world market that will help them to earn profit from various underlying businesses. The token is a blockchain-based cryptocurrency that was built on the Ethereum blockchain (ERC-20). Every investor of the GLD token during the token sale is entitled to some portion of a potential and passive income creating business. How GLD Can Revolutionize the Jewellery Industry The priority of the Goldario platform is not only on the usage of the GLD token as it also encourages investors to maximize their chances of investing in the precious metals industry by affording them the opportunity to redeem their GLD tokens in the form Gems and Gold Jewellery through the launch of the GLD token. Story continues GLD is in a great position to become the leading platform of choice for the consumers and various businesses that deal in the jewelry industry, as it offers a potential underlying asset backing which allows users to obtain and have entitlement over physical mines, jewelry production factories , and Jewellery retail businesses from across the world. Key Facts About the GLD Token The GLD token is considered to be a competitor to established cryptocurrencies like Bitcoin and is open to global business investors and cryptocurrency lovers. The following are reasons why the GLD token should be considered. It is a first of its kind cryptocurrency to be used in the redemption of Gems and Gold. Its owners are a world-renowned and registered group of company with existing successful businesses. It has a lower investment plan that starts from $125 which small scale investors can take advantage of. It has a cryptocurrency exchange that is called the Inoex Exchange. It utilizes the trustless system of the blockchain. It is expected to be a top-ranking cryptocurrency in a few years time. It can be exchanged to fiat currencies such as the USD, EURO and Pounds very easily. Why You Can Trust Goldario Goldario is a project of a registered company with operating businesses like the Emerald and Gold Mines, the Jewellery Brand, the Cryptocurrency Exchange business locally operating in Brazil and the Jewellery Factory all fully and legally licensed, giving it a positive image to be adopted as a standardized currency all over the world. The Future Looks Bright with The Goldario Blockchain Project Goldario began their journey to success in 2018 when they created the InoexCryptocurrency Exchange, it was supposed to be the original plan and strategy behind the launch of the GLD token under an ICO platform that is backed **Last 60 Days of Bitcoin's Closing Prices:** [9350.53, 9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46, 8599.51, 8562.45, 8869.67, 8787.79, 8755.25, 9078.76, 9122.55, 8909.95, 8108.12, 7923.64, 7909.73, 7911.43, 4970.79, 5563.71, 5200.37, 5392.31, 5014.48, 5225.63, 5238.44, 6191.19, 6198.78, 6185.07, 5830.25, 6416.31, 6734.80, 6681.06, 6716.44, 6469.80, 6242.19, 5922.04, 6429.84] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-03-31 **Financial & Commodity Data:** - Gold Closing Price: $1583.40 - Crude Oil Closing Price: $20.48 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $121,257,838,069 - Hash Rate: 101664512.290166 - Transaction Count: 276828.0 - Unique Addresses: 535787.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.12 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin has plunged to two-month lows since Sunday, possibly due to an over-$100 million liquidation by PlusToken scammers, analysts say. The top cryptocurrency fell by nearly 10 percent from $8,900 to $8,000 on Sunday to register its single-biggest daily decline since September 2019, according to Bitstamp data. Then on Monday, bitcoin (BTC) slipped further to two-month lows below $7,700 during the Asian trading hours. At press time, the cryptocurrency’s global average price, as calculated by CoinDesk’sBitcoin Price Index, has recovered somewhat to $7,925. Related:Bitcoin Back Over $8K as Traditional Markets Rebound While the sudden price drop has taken place alongside abloody day in the traditional markets, there may be another factor driving down bitcoin’s value so severely. “The sudden drop in prices seems to arise out of the selling of BTC by PlusToken,” Ashish Singhal, CEO of the cryptocurrency exchange CoinSwitch.co told CoinDesk. On Saturday, scammers in control of the remaining wallets of the China-based Ponzi scheme moved 13,000 BTC (worth around $101 million currently, but close to $120 million at the time) to so-called “mixers” and may have offloaded their holdings, causing prices to fall sharply, according to Singhal. Mixers are used to obfuscate the source of a crypto transaction by outputting batches with different coins than are sent in. PlusToken had posed as a cryptocurrency wallet and swindled investors out of possibly as much as $2 billion in cryptocurrency by promising rewards. While six of its masterminds were arrested in June 2019, the authorities could not seize 180,000 BTC, 6,400,000ether(ETH) and 111,000 tether (USDT), which were sent from scam victims to PlusToken wallets,according to Chainalysis. Related:Kraken Exchange Pledges India Expansion as Nation Reopens for Crypto Business Trader Kevin Svenson has alsoassociatedthe latest price drop with PlusToken holdings being dumped into the market. People in control of the PlusToken walletshave been liquidatingtheir stolen bitcoins since August and likely played a big role in pushing bitcoin down from $12,000 to $6,500 in the four months to November. asnoted byErgo Research at the time. Back in December, the scammers still controlled 20,000 bitcoins, of which, 13,000 look to have been moved for liquidation over the weekend. The onchain activity on Saturday wasagain notedby Ergo Research: Some, of course, may argue that moving coins to mixers does not necessarily result in liquidation and the sell-off seen from Sunday was caused by the coronavirus-led crash in the global financial markets. Indeed, negative global macro factors – such as the equity market sell-off and record low in the U.S. government bond yield – may have also played a role in pushing bitcoin lower, asnoted bypopular analyst Jacob Canfield. Still, a major PlusToken liquidation could well have weighed heavy over bitcoin’s price if it did occur. The cryptocurrency was trading steadily above $9,000 on Saturday as the scammed coins were being moved to mixers and fell sharply the following day. Further, traditional markets were closed over the weekend. Canfield too listed a PlusToken dump as one of the factors possibly responsible for bitcoin’s price drop. So how did bitcoin’s price drop look from a technical perspective? “Bitcoin needed higher prices on the 4-hour chart to get itself into a neutral stance between $9,200-$9,600,” popular Twitter analystMr. Andersontold CoinDesk. “Once that battle was lost it left the 12-hour chart in an ugly position as well and things snowballed quickly,” Anderson said. In the aftermath, the head-and-shoulders breakdown, a bearish reversal pattern, seen on the daily chart suggests the rally from December lows near $6,400 has ended and the bears have regained control. The bias will remain bearish as long as prices are holding below the former support-turned-resistance of the neckline, currently placed at $8,450. A bullish reversal now requires a convincing UTC close above the March 7 high of $9,213. That would invalidate the lower-highs setup. Disclosure:The author holds no cryptocurrency at the time of writing. • You Call That Volatility? Bitcoin Traders Scoff at Wall Street’s Gyrations • What the Oil Market Says About Bitcoin’s ‘Safe Haven’ Status... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
6606.78, 6793.62, 6733.39, 6867.53, 6791.13, 7271.78, 7176.41, 7334.10, 7302.09, 6865.49
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ["Investing.com - Ethereum fell bellow the $132.13 level on Wednesday. Ethereum was trading at 132.13 by 03:25 (07:25 GMT) on the Investing.com Index, down 0.04% on the day. It was the largest one-day percentage loss since March 31.\nThe move downwards pushed Ethereum's market cap down to $14.65B, or 0.00% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $135.58B.\nEthereum had traded in a range of $131.27 to $133.40 in the previous twenty-four hours.\nOver the past seven days, Ethereum has seen a drop in value, as it lost 3.98%. The volume of Ethereum traded in the twenty-four hours to time of writing was $10.73B or 0.00% of the total volume of all cryptocurrencies. It has traded in a range of $124.8400 to $140.9910 in the past 7 days.\nAt its current price, Ethereum is still down 90.72% from its all-time high of $1,423.20 set on January 13, 2018.\nBitcoin was last at $6,315.5 on the Investing.com Index, down 2.15% on the day.\nXRP was trading at $0.17285 on the Investing.com Index, a gain of 0.15%.\nBitcoin's market cap was last at $115.85B or 0.00% of the total cryptocurrency market cap, while XRP's market cap totaled $7.62B or 0.00% of the total cryptocurrency market value.\nRelated Articles\nBitcoin Hash Rate Drop: Miners, the Halving and Coronavirus Suspected\nStrict Japanese Crypto Laws Discourage Foreign Exchanges … For Now\nEconomist Jeffrey Tucker: ‘Can You Imagine BTC Price if it Had Scaled?’", "Ethereum Dips Below 132.13 Level, Down 0.04% Investing.com - Ethereum fell bellow the $132.13 level on Wednesday. Ethereum was trading at 132.13 by 03:25 (07:25 GMT) on the Investing.com Index, down 0.04% on the day. It was the largest one-day percentage loss since March 31. The move downwards pushed Ethereum's market cap down to $14.65B, or 0.00% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $135.58B. Ethereum had traded in a range of $131.27 to $133.40 in the previous twenty-four hours. Over the past seven days, Ethereum has seen a drop in value, as it lost 3.98%. The volume of Ethereum traded in the twenty-four hours to time of writing was $10.73B or 0.00% of the total volume of all cryptocurrencies. It has traded in a range of $124.8400 to $140.9910 in the past 7 days. At its current price, Ethereum is still down 90.72% from its all-time high of $1,423.20 set on January 13, 2018. Elsewhere in cryptocurrency trading Bitcoin was last at $6,315.5 on the Investing.com Index, down 2.15% on the day. XRP was trading at $0.17285 on the Investing.com Index, a gain of 0.15%. Bitcoin's market cap was last at $115.85B or 0.00% of the total cryptocurrency market cap, while XRP's market cap totaled $7.62B or 0.00% of the total cryptocurrency market value. Related Articles Bitcoin Hash Rate Drop: Miners, the Halving and Coronavirus Suspected Strict Japanese Crypto Laws Discourage Foreign Exchanges \x85 For Now Economist Jeffrey Tucker: \x91Can You Imagine BTC Price if it Had Scaled?\x92", 'Registered users of over 4.9 million from over 200 countries or regions Vancouver, British Columbia--(Newsfile Corp. - April 1, 2020) - Hello Pal International Inc.\xa0(CSE: HP) (FSE: 27H )(OTC PINK: HLLPF) ("Hello Pal" or the "Company"), a provider of rapidly growing international social messaging, language learning and travel mobile apps, is pleased to announce that it achieved record receipts in March 2020 as set forth below: Livestreaming Service Hello Pal\'s livestreaming service achieved record receipts of approximately $448,000* and daily active livestream users of 10,000 for March 2020. "We are very pleased that we achieved record revenues even with the challenges of the coronavirus pandemic. We look forward to the continued grown of the Hello Pal app," said KL Wong, Founder and Chairman of the Company. Strong Registered User Base As of the date of the news release, Hello Pal\'s registered user base is over 4.9 million users from over 200 countries and regions. The positive increase in registered users continues to be driven by our livestream service. ------ To download Hello Pal, Language Pal, Travel Pal or the proprietary Phrasebooks please visit the IOS or Android store. For information with respect to the Company or the contents of this news release, please contact the Company at (604) 683-0911 or visit the website at hellopal.com . Email inquiries can be directed to: [email protected] . About the Hello Pal Platform The Hello Pal Platform is a proprietary suite of mobile applications built on a user-friendly messaging interface that focus on social interaction, language learning and travel. Hello Pal, has been designed from the ground up to be easy to use and enables users\' the freedom to speak in their own language regardless of the other person\'s language they are speaking to. Hello Pal\'s overriding mission is to bring the world closer together through social interaction, language learning and travel. By creating a platform where it is easy to instantly interact with others around the world and giving them the tools to communicate with each other in a joyful and fun way, we hope to do our part (however small) in fostering understanding and tolerance between all citizens of the world. Story continues The Hello Pal platform also includes a proprietary digital wallet allowing users to store and transfer popular digital assets and tokens, including Bitcoin and Ether, based on blockchain technology. Hello Pal, was the first app released to the public and experienced rapid growth building a diverse and active global user base. Travel Pal and Language Pal are the first and second companion apps to launch. Both apps benefit immensely from the existing and ever expanding globally based group of users. Each new app will launch with this established rapidly growing user base accelerating their adoption. Information set forth in this news release contains forward-looking statements. These statements reflect management\'s current estimates, beliefs, intentions, and expectations; they are not guarantees of future performance. Hello Pal cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Hello Pal\'s control. Such risks and uncertainties are described in Hello Pal\'s Listing Statement dated May 10, 2016 available on www.thecse.com. Although Hello Pal is currently generating revenues, Hello Pal remains in the growth stage and such revenues are yet to be profitable. Accordingly, actual, and future events, conditions and results may differ materially from the estimates, beliefs, intentions, and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Hello Pal undertakes no obligation to publicly update or revise forward-looking information. *Non-IFRS Financial Measure Readers are cautioned that "receipts" is a measure not recognized under IFRS. Total receipts includes the amount of cash received by the Company and its agents from the use of the Hello Pal app. Under IFRS, total receipts may be higher than revenue as a portion of the revenue is received by agents of Hello Pal. However, the Company\'s management believes that "receipts" provides investors with insight into management\'s decision-making process because management uses this measure to run the business and make financial, strategic and operating decisions. Further, "receipts" also provides useful insight into the operating performance of the Hello Pal app. "Receipts" does not have standardized meanings prescribed by IFRS and therefore may not be comparable to similar measures presented by other issuers. Readers are cautioned that "receipts" are not an alternative to measures determined in accordance with IFRS and should not, on their own, be construed as indicators of performance, cash flow or profitability. THE CSE HAS NEITHER APPROVED NOR DISAPPROVED THE INFORMATION CONTAINED HEREIN AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE To view the source version of this press release, please visit https://www.newsfilecorp.com/release/54020', 'Registered users of over 4.9 million from over 200 countries or regions\nVancouver, British Columbia--(Newsfile Corp. - April 1, 2020) -Hello Pal International Inc.\xa0(CSE: HP) (FSE: 27H )(OTC PINK: HLLPF) ("Hello Pal" or the "Company"), a provider of rapidly growing international social messaging, language learning and travel mobile apps, is pleased to announce that it achieved record receipts in March 2020 as set forth below:\nLivestreaming Service\nHello Pal\'s livestreaming service achieved record receipts of approximately $448,000* and daily active livestream users of 10,000 for March 2020.\n"We are very pleased that we achieved record revenues even with the challenges of the coronavirus pandemic. We look forward to the continued grown of the Hello Pal app," said KL Wong, Founder and Chairman of the Company.\nStrong Registered User Base\nAs of the date of the news release, Hello Pal\'s registered user base is over 4.9 million users from over 200 countries and regions. The positive increase in registered users continues to be driven by our livestream service.\n------\nTo download Hello Pal, Language Pal, Travel Pal or the proprietary Phrasebooks please visit the IOS or Android store. For information with respect to the Company or the contents of this news release, please contact the Company at (604) 683-0911 or visit the website athellopal.com. Email inquiries can be directed to:[email protected].\nAbout the Hello Pal Platform\nThe Hello Pal Platform is a proprietary suite of mobile applications built on a user-friendly messaging interface that focus on social interaction, language learning and travel. Hello Pal, has been designed from the ground up to be easy to use and enables users\' the freedom to speak in their own language regar **Last 60 Days of Bitcoin's Closing Prices:** [9392.88, 9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46, 8599.51, 8562.45, 8869.67, 8787.79, 8755.25, 9078.76, 9122.55, 8909.95, 8108.12, 7923.64, 7909.73, 7911.43, 4970.79, 5563.71, 5200.37, 5392.31, 5014.48, 5225.63, 5238.44, 6191.19, 6198.78, 6185.07, 5830.25, 6416.31, 6734.80, 6681.06, 6716.44, 6469.80, 6242.19, 5922.04, 6429.84, 6438.64] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-04-01 **Financial & Commodity Data:** - Gold Closing Price: $1578.20 - Crude Oil Closing Price: $20.31 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $121,257,838,069 - Hash Rate: 105814084.220377 - Transaction Count: 281855.0 - Unique Addresses: 544088.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.12 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin’s tremendous rally above $9,000 has been overshadowed by illicit trading techniques on a popular derivatives exchange. The use of manipulative strategies has seen the unregulated nature of cryptocurrencies rear its ugly head once again, with a trader or set of traders ‘spoofing’ a $50 million buy order on BitMEX to entice people into buying before pulling the order. The US Commodity Futures Trading Commission (CFTC) recently posted an update about spoofing to its social media channels, pleading with traders to whistleblow on colleagues who were suspected of engaging in price manipulation. The post reads: “[Spoofing] is when a trader has the intent to manipulate prices by entering orders and then cancelling them to give an artificial impression of market conditions. “It is a form of market manipulation punishable by up to 10 years imprisonment per violation. Traders ‘spoof’ when they place an order in a futures market with the intention to cancel the order prior to execution.” BitMEX warned for not being authorised to operate by the FCA in the UK. Not a good day to see clear spoofing return to the order books as price breaks to the upside. https://t.co/3NUAAnybUE — Oliver Knight (@KnightCoinRivet) March 5, 2020 The technique was also seen on BitMEX throughout February’s rally to $10,500, although it has been going on since the 2017 bull run with cases being reported in September 2018. Due to Bitcoin exchanges being largely unregulated, there is no way to prevent or clamp down on illicit trading techniques. The SEC and CFTC in the US could impose rules to safeguard investors but BitMEX is inaccessible across all 50 states. In the UK, meanwhile, the Financial Conduct Authority has issued a warning to BitMEX for “carrying on regulated activities which require authorisation”. “This firm is not authorised by us and is targeting people in the UK,” the statement read, before warning investors to “be especially wary of dealing with this unauthorised firm and how to protect yourself from scammers”. Responding to the FCA warning, a BitMEX spokesman said the company was already seeking advice. “We are working closely with our advisers to assess the situation,” they told Coin Rivet. “There is nothing more we can add at this time.” Story continues Bitcoin price Having broken above the daily 200 moving average and the $8,830 level of resistance Bitcoin is now setting its sights on the $9,330 level ahead of a potential move towards $10,000. However, in order to confirm a breakout this evening’s daily candle needs to close above $8,830, with a drawdown below that point marking a clear rejection. The price of Bitcoin has risen intriguingly alongside global equity markets, all of which slumped dramatically last week as fears grow surrounding a coronavirus pandemic. Disclaimer: This is not financial advice. 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.
6793.62, 6733.39, 6867.53, 6791.13, 7271.78, 7176.41, 7334.10, 7302.09, 6865.49, 6859.08
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ["Investing.com - Ethereum fell bellow the $137.66 level on Thursday. Ethereum was trading at 137.66 by 03:26 (07:26 GMT) on the Investing.com Index, down 4.00% on the day. It was the largest one-day percentage loss since March 30. The move downwards pushed Ethereum's market cap down to $15.23B, or 0.00% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $135.58B. Ethereum had traded in a range of $135.26 to $137.93 in the previous twenty-four hours. Over the past seven days, Ethereum has seen a stagnation in value, as it only moved 1.18%. The volume of Ethereum traded in the twenty-four hours to time of writing was $13.03B or 0.00% of the total volume of all cryptocurrencies. It has traded in a range of $124.8400 to $140.9910 in the past 7 days. At its current price, Ethereum is still down 90.33% from its all-time high of $1,423.20 set on January 13, 2018. Elsewhere in cryptocurrency trading Bitcoin was last at $6,668.5 on the Investing.com Index, up 5.04% on the day. XRP was trading at $0.17741 on the Investing.com Index, a gain of 2.58%. Bitcoin's market cap was last at $121.74B or 0.00% of the total cryptocurrency market cap, while XRP's market cap totaled $7.78B or 0.00% of the total cryptocurrency market value. Related Articles Decoupling? Bitcoin Price Surges Above $6.7K as Stocks Again Bearish Investment in Blockchain in Energy Markets Will Top $35 Billion by 2025 \x91Breakthrough\x92 as Lightning Uses Web's Forgotten Payment Code", "Investing.com - Ethereum fell bellow the $137.66 level on Thursday. Ethereum was trading at 137.66 by 03:26 (07:26 GMT) on the Investing.com Index, down 4.00% on the day. It was the largest one-day percentage loss since March 30.\nThe move downwards pushed Ethereum's market cap down to $15.23B, or 0.00% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $135.58B.\nEthereum had traded in a range of $135.26 to $137.93 in the previous twenty-four hours.\nOver the past seven days, Ethereum has seen a stagnation in value, as it only moved 1.18%. The volume of Ethereum traded in the twenty-four hours to time of writing was $13.03B or 0.00% of the total volume of all cryptocurrencies. It has traded in a range of $124.8400 to $140.9910 in the past 7 days.\nAt its current price, Ethereum is still down 90.33% from its all-time high of $1,423.20 set on January 13, 2018.\nBitcoin was last at $6,668.5 on the Investing.com Index, up 5.04% on the day.\nXRP was trading at $0.17741 on the Investing.com Index, a gain of 2.58%.\nBitcoin's market cap was last at $121.74B or 0.00% of the total cryptocurrency market cap, while XRP's market cap totaled $7.78B or 0.00% of the total cryptocurrency market value.\nRelated Articles\nDecoupling? Bitcoin Price Surges Above $6.7K as Stocks Again Bearish\nInvestment in Blockchain in Energy Markets Will Top $35 Billion by 2025\n‘Breakthrough’ as Lightning Uses Web's Forgotten Payment Code", 'The Financial Action Task Force (FATF) has rated the U.S. “largely compliant” with its revised criteria for preventing money laundering and terrorist financing (AML/CTF) through digital assets. The intergovernmental standards group published its assessment of the U.S.’s compliance with its banking rules, evaluating laws and regulations around digital assets and other areas on Tuesday. That’s not to say the U.S. is completely in line with the current “New Technologies” standards, known by FATF as “ Recommendation 15 ,” though. The most powerful member of FATF’s global financial crimes network retains “minor deficiencies.” Related: Telegram Hopes It Can Still Sell Tokens to Non-US Investors After Court Ruling For example, U.S.-registered money services businesses need only keep detailed records for transactions of $3,000 or more. That’s three times higher than FATF’s required due diligence trigger, and could, in the watchdog’s view, let bad actors slip through. “This higher threshold is not clearly supported by low ML/TF risks,” FATF wrote. U.S regulators also lag in their investigation of convertible virtual currency (CVC) businesses, according to FATF. Their strategy “does not specifically identify higher risk virtual asset service providers (VASP),” making their “various” examinations of high-volume exchanges and peer-to-peer networks insufficient. “Therefore, it is not entirely clear whether the current approach is sufficiently risk focused, especially since only 30% of all registered CVC providers have been inspected since 2014,” FATF wrote. Related: US County Extends Rule Making Bitcoin Mining Firms Invest in Renewable Energy Legislative gaps could also allow extremely niche VASP activity to evade detection and enforcement. A U.S.-registered VASP that only did businesses with non-U.S. persons would not, apparently, be subject to current law. FATF nevertheless praised U.S. regulators’ recent efforts in the virtual asset space, especially the Financial Crimes Enforcement Network’s May 2019 guidance paper for CVC activity. Story continues FATF found the U.S. remains “largely compliant” with Recommendation 15. Related Stories Singapore Temporarily Exempts Crypto Firms, Including Coinbase, From New Licensing Regime Global Stablecoins May Be Subject to Securities Regulation, Says IOSCO', 'The Financial Action Task Force (FATF) has rated the U.S. “largely compliant” with its revised criteria for preventing money laundering and terrorist financing (AML/CTF) through digital assets.\nThe intergovernmental standards grouppublished its assessmentof the U.S.’s compliance with its banking rules, evaluating laws and regulations around digital assets and other areas on Tuesday.\nThat’s not to say the U.S. is completely in line with the current “New Technologies” standards, known by FATF as “Recommendation 15,” though. The most powerful member of FATF’s global financial crimes network retains “minor deficiencies.”\nRelated:Telegram Hopes It Can Still Sell Tokens to Non-US Investors After Court Ruling\nFor example, U.S.-registered money services businesses need only keep detailed records for transactions of $3,000 or more. That’s three times higher than FATF’s required due diligence trigger, and could, in the watchdog’s view, let bad actors slip through.\n“This higher threshold is not clearly supported by low ML/TF risks,” FATF wrote.\nU.S regulators also lag in their investigation of convertible virtual currency (CVC) businesses, according to FATF. Their strategy “does not specifically identify higher risk virtual asset service providers (VASP),” making their “various” examinations of high-volume exchanges and peer-to-peer networks insufficient.\n“Therefore, it is not entirely clear whether the current approach is sufficiently risk focused, especially since only 30% of all registered CVC providers have been inspected since 2014,” FATF wrote.\nRelated:US County Extends Rule Making Bitcoin Mining Firms Invest in Renewable Energy\nLegislative gaps could also allow extremely niche VASP activity to evade detection and enforcement. A U.S.-registered VASP that only did businesses with non-U.S. persons would not, apparently, be subject to current law.\nFATF nevertheless praised U.S. regulators’ recent efforts in the virtual asset space, especially the Financial Crimes Enforcement Network’sMay 2019 guidance paperfor CVC activity.\nFATF found the U.S. remains “largely compliant” with Recommendation 15.\n• Singapore Temporarily Exempts Crypto Firms, Including Coinbase, From New Licensing Regime\n• Global Stablecoins May Be Subject to Securities Regulation, Says IOSCO', 'Osho Jha is an investor, data scientist and tech company executive who enjoys finding and analyzing unique data sets for investing in both public and private markets. Many bullish investment theses for bitcoin are grounded in expectations that the upcoming halving of block rewards will cause the bitcoin (BTC) price to increase. Previous supply constrictions, from 50 BTC to 25 BTC and 25 BTC to, where we currently stand, at 12.5 BTC, have had that effect. Still, given the rare nature of these events, our data points are limited and increase the anticipation and speculation around upcoming halving some time in May 2020. There are many great pieces on the mechanics of a BTC halving and how they were described in the original white paper and subsequently coded into the structure of bitcoin. So I will assume familiarity with these concepts going forward as we try to understand the supply constriction narrative of the halving thesis. Related: Corporate America Knows the Bailout Is Baked In See also: Bitcoin Halving, Explained Unfortunately, many investors are pointing to the halving as a catalyst for a price increase in the face of a difficult bitcoin market, which has had three straight quarters of negative returns, and have set sky high expectations for what sort of price action we may see after. I certainly believe that the halving will have a positive impact on price, but I am concerned by investors expecting parabolic gains in the fashion of 2017. As it currently stands, the bullish thesis around the halving is that as block rewards get cut in half, the number of miners able to sustain their operations will decline. Since fewer BTC are being brought into circulation, there should also be some reduced sell pressure as miners often sell BTC to fund operations in their local currency. One could then conclude that the supply constriction will allow the price to appreciate. While I generally believe this thesis to be sound, I think it hinges on the assumption that a drop in block rewards will force miners offline, and that demand for bitcoin will not decline and this merits further analysis. Story continues Miner breakdown Related: Bitcoin Takes Tumble, Traders Fret Correlation and Next Month’s Halving Mining is a difficult game of balancing BTC inflows with fixed cost outflows of hard dollars. Their most prevalent cost is electricity. In order to cover this cost, miner **Last 60 Days of Bitcoin's Closing Prices:** [9344.37, 9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46, 8599.51, 8562.45, 8869.67, 8787.79, 8755.25, 9078.76, 9122.55, 8909.95, 8108.12, 7923.64, 7909.73, 7911.43, 4970.79, 5563.71, 5200.37, 5392.31, 5014.48, 5225.63, 5238.44, 6191.19, 6198.78, 6185.07, 5830.25, 6416.31, 6734.80, 6681.06, 6716.44, 6469.80, 6242.19, 5922.04, 6429.84, 6438.64, 6606.78] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-04-02 **Financial & Commodity Data:** - Gold Closing Price: $1625.70 - Crude Oil Closing Price: $25.32 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $121,257,838,069 - Hash Rate: 105814084.220377 - Transaction Count: 281855.0 - Unique Addresses: 544088.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.14 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: The United States government is seeking to develop a homemade alternative to Huawei Technologies Ltd.'s software for the fifth-generation wireless telecommunications networks. What Happened President Donald Trump's administration is working with technology and telecommunications giants, includingMicrosoft Corporation(NASDAQ:MSFT),Dell Technologies Inc.(NYSE:DELL), AT&T Inc. (NYSE:T) as part of the efforts, White House economic advisor Larry Kudlowtold the Wall Street Journal. "The big-picture concept is to have all of the U.S. 5G architecture and infrastructure done by American firms, principally," Kudlow told the Journal. "That also could includeNokia Corporation(NYSE:NOK) andTelefonaktiebolaget LM Ericsson(NASDAQ: ERIC) because they have big U.S. presences." The companies will need to agree on common engineering standards so that developers can use any hardware to run the software codes, the Journal noted. US Will Be Left Behind, Says Huawei The U.S. government's latest move is in line with its insistence on Huawei being a national security threat. The President and bipartisan legislators have suggested that the telecom giant spies for Beijing. The Department of Commerce put Huawei on the "entity list" in May last year, which severely restricts its ability to do business with U.S. companies. Huawei's U.S. chief security officer told the Journal that America would hurt itself by sidelining the company, as it gets left behind on technology. "If the U.S. wants 5G hardware and software developed by a U.S. or European company, the government should encourage companies to begin negotiations with Huawei to license our 5G technology," Purdy told the Journal. "[The] combined product will be 1-2 years behind the comparable Huawei products in terms of functionality and assurance," if the U.S. avoids Huawei's intellectual property, the official said. Ignoring American clampdown against Huawei, the United Kingdom recentlygave the company permissionto build part of its 5G network. 0 See more from Benzinga • eBay Stock Surge As Report Says NYSE Owner Offered Takeover Deal • One Of Tesla's Largest Investors Sold 99.5% Of Its Stake Before New Year's Rally • Crypto Market Wrap: Less Popular Cryptocurrency Extends Gains As Bitcoin, Others Plunge © 2020 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.
6733.39, 6867.53, 6791.13, 7271.78, 7176.41, 7334.10, 7302.09, 6865.49, 6859.08, 6971.09
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 rose by 1.96% on Thursday. Following on from a 3.83% rally on Wednesday, Bitcoin ended the day at $6,810.7. A mixed start to the day saw Bitcoin fall to an early morning intraday low $6,580 before making a move. Steering clear of the first major support level at $6,327.83, Bitcoin rallied to a late afternoon intraday high $7,283.5. Bitcoin broke through the first major resistance level at $6,874.33 and the second major resistance level at $7,073.67. The first visit to $7,000 levels since 12 th March was short-lived, however, with Bitcoin sliding back to sub-$7,000 levels. The pullback saw Bitcoin fall through the major resistance levels to limit the upside on the day. The near-term bearish trend, formed at late June 2019’s swing hi $13,764.0, remained firmly intact, reaffirmed by the March swing lo $4,000. For the bulls, Bitcoin would need to break out from $10,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the majors, it was also a bullish day. Bitcoin Cash SV (+4.33%) and Monero’s XMR (+4.12%) led the way on Thursday. Binance Coin (+2.11%), Bitcoin Cash ABC (+2.84%), Cardano’s ADA (+2.86%), Ethereum (+3.96%), Tezos (+2.81%), and Tron’s TRX (+2.81%) also found strong support. EOS (+1.28%), Litecoin (+1.63%), Ripple’s XRP (+1.53%), and Stellar’s Lumen (+0.16%) trailed the back. Through the current week, the crypto total market cap rose from a Monday low $168.04bn to a Thursday high $197.15bn. At the time of writing, the total market cap stood at $191.02bn. Bitcoin’s dominance eased back to sub-65% levels following Tuesday’s modest gain before bouncing back to visit 66% levels on Thursday. At the time of writing, Bitcoin’s dominance stood at 65.4%. 24-hour trading volumes recovered from sub-$100bn levels last Sunday to hit $158bn levels on Thursday. At the time of writing, 24-hr volumes stood at $144.90bn. This Morning At the time of writing, Bitcoin was down by 0.01% to $6,810.0. A mixed start to the day saw Bitcoin fall to an early morning low $6,730.1 before striking a high $6,844.7. Story continues Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Binance Coin (+1.10%), Bitcoin Cash ABC (+1.54%), and Tezos (+1.35%) led the way early on. Ripple’s XRP fell by 0.27% to buck the trend early on. For the Bitcoin Day Ahead Bitcoin would need to move through to $6,900 levels to bring the first major resistance level at $7,202.8 into play. Support from the broader market would be needed, however, for Bitcoin to break back through to $7,000 levels. Barring another crypto rally, resistance at $7,000 would likely leave Bitcoin short of the first major resistance level. Failure to move back through to $6,900 levels could see Bitcoin fall deeper into the red. A fall back through the morning low $6,730.1 would bring the first major support level at $6,499.3 into play. Barring an extended crypto sell-off, however, Bitcoin should steer of the 23.6% FIB of $6,300. This article was originally posted on FX Empire More From FXEMPIRE: The Crypto Daily – Movers and Shakers -03/04/20 Equities Take a Stroll Through Wonderland, Awaiting “Herd Immunity.” Service Sector PMI and U.S Nonfarm Payrolls Put the EUR and USD in the Spotlight GBP/USD Daily Forecast – Consolidation Around 1.2400 Continues Price of Gold Fundamental Daily Forecast – Aggressive Stimulus Measures Underpinning Prices U.S. Dollar Index (DX) Futures Technical Analysis – Major Upside Target 101.495, Downside Target 99.245', 'Bitcoin rose by 1.96% on Thursday. Following on from a 3.83% rally on Wednesday, Bitcoin ended the day at $6,810.7.\nA mixed start to the day saw Bitcoin fall to an early morning intraday low $6,580 before making a move.\nSteering clear of the first major support level at $6,327.83, Bitcoin rallied to a late afternoon intraday high $7,283.5.\nBitcoin broke through the first major resistance level at $6,874.33 and the second major resistance level at $7,073.67.\nThe first visit to $7,000 levels since 12thMarch was short-lived, however, with Bitcoin sliding back to sub-$7,000 levels.\nThe pullback saw Bitcoin fall through the major resistance levels to limit the upside on the day.\nThe near-term bearish trend, formed at late June 2019’s swing hi $13,764.0, remained firmly intact, reaffirmed by the March swing lo $4,000.\nFor the bulls, Bitcoin would need to break out from $10,000 levels to form a near-term bullish trend.\nAcross the rest of the majors, it was also a bullish day.\nBitcoin Cash SV (+4.33%) and Monero’s XMR (+4.12%) led the way on Thursday.\nBinance Coin (+2.11%), Bitcoin Cash ABC (+2.84%), Cardano’s ADA (+2.86%), Ethereum (+3.96%), Tezos (+2.81%), and Tron’s TRX (+2.81%) also found strong support.\nEOS (+1.28%), Litecoin (+1.63%), Ripple’s XRP (+1.53%), and Stellar’s Lumen (+0.16%) trailed the back.\nThrough the current week, the crypto total market cap rose from a Monday low $168.04bn to a Thursday high $197.15bn. At the time of writing, the total market cap stood at $191.02bn.\nBitcoin’s dominance eased back to sub-65% levels following Tuesday’s modest gain before bouncing back to visit 66% levels on Thursday. At the time of writing, Bitcoin’s dominance stood at 65.4%.\n24-hour trading volumes recovered from sub-$100bn levels last Sunday to hit $158bn levels on Thursday. At the time of writing, 24-hr volumes stood at $144.90bn.\nAt the time of writing, Bitcoin was down by 0.01% to $6,810.0. A mixed start to the day saw Bitcoin fall to an early morning low $6,730.1 before striking a high $6,844.7.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nBinance Coin (+1.10%), Bitcoin Cash ABC (+1.54%), and Tezos (+1.35%) led the way early on.\nRipple’s XRP fell by 0.27% to buck the trend early on.\nBitcoin would need to move through to $6,900 levels to bring the first major resistance level at $7,202.8 into play.\nSupport from the broader market would be needed, however, for Bitcoin to break back through to $7,000 levels.\nBarring another crypto rally, resistance at $7,000 would likely leave Bitcoin short of the first major resistance level.\nFailure to move back through to $6,900 levels could see Bitcoin fall deeper into the red.\nA fall back through the morning low $6,730.1 would bring the first major support level at $6,499.3 into play.\nBarring an extended crypto sell-off, however, Bitcoin should steer of the 23.6% FIB of $6,300.\nThisarticlewas originally posted on FX Empire\n• The Crypto Daily – Movers and Shakers -03/04/20\n• Equities Take a Stroll Through Wonderland, Awaiting “Herd Immunity.”\n• Service Sector PMI and U.S Nonfarm Payrolls Put the EUR and USD in the Spotlight\n• GBP/USD Daily Forecast – Consolidation Around 1.2400 Continues\n• Price of Gold Fundamental Daily Forecast – Aggressive Stimulus Measures Underpinning Prices\n• U.S. Dollar Index (DX) Futures Technical Analysis – Major Upside Target 101.495, Downside Target 99.245', 'Bitcoin mining machines are on sale. Last month’s crash in cryptocurrency prices has prompted manufacturers to sell inventories at a discount, in some cases as steep as 20 percent, over the past few weeks. Both the newest models and slightly older machines have been marked down. Complicating the matter is the imminent bitcoin (BTC) halving in May that will reduce the network’s mining reward by half, causing most miners to be less profitable if bitcoin’s price doesn’t increase significantly by then. Related: Binance Crypto Exchange Is Launching Its First Bitcoin Mining Pool See also: Bitcoin Halving, Explained For instance, DJ Miner, an overseas distributor for Shenzhen, China-based MicroBT, was advertising about $2,500 per unit of the manufacturer’s flagship WhatsMiner M30S early last month. After bitcoin’s March 12 crash – the worst sell-off in seven years – the price is now cut by 20 percent to $2,000 per unit. The WhatsMiner M20S, a less advanced but popular model that boosted MicroBT’s market share against major rival Bitmain in 2019, is also seeing a 20 percent price cut from $1,679 to now $1,340, DJ Miner’s website shows . Pangolinminers, another distributor for MicroBT shows similar pricing rollbacks on its website. Similarly, while Bitmain is advertising $1,567 for its AntMiner S17+ with a computing power of 67 terahashes per second, various resellers are posting quotes on WeChat seen by CoinDesk at around $1,300 per unit. Related: HIVE Blockchain to Double Bitcoin Mining Capacity Through $2.8M Share Deal The Beijing-based mining giant has previously announced the pricing for its latest flagship AntMiner S19 Pro at about $2,900 per unit but the shipment won’t take place until May and so far is only available for investors inside China. See also: How Bitcoin’s Price Slump Is Changing the Geography of Mining Efficient market It is important to note that most specialized bitcoin computers, known as ASICs, had already been dropping in price since the fourth quarter of last year, as the manufacturers adjusted their strategies in line with bitcoin’s price swing. Story continues These machines are priced assuming it would take the buyer on average 15 months to make back their equipment investment. Holding the payback period relatively constant, manufacturers would adjust the prices of their equipment according to bitcoin’s market price and the level of competition on the network – the two factors that determine how much revenue a miner can generate in a day. Miner pricing data compiled by research startup TokenInsight shows that, for example, the Whatsminer M20S and the AntMiner S17 Pro were priced at around $2,400 and $3,000, respectively, in mid-October 2019. The price for both had dropped to around $1,500 as of March 10. See also: A New York Power Plant Is Mining $50K Worth of Bitcoin a Day “ASIC miners have experienced a relatively large market devaluation since Q4 2019. However, the miner market has found som **Last 60 Days of Bitcoin's Closing Prices:** [9293.52, 9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46, 8599.51, 8562.45, 8869.67, 8787.79, 8755.25, 9078.76, 9122.55, 8909.95, 8108.12, 7923.64, 7909.73, 7911.43, 4970.79, 5563.71, 5200.37, 5392.31, 5014.48, 5225.63, 5238.44, 6191.19, 6198.78, 6185.07, 5830.25, 6416.31, 6734.80, 6681.06, 6716.44, 6469.80, 6242.19, 5922.04, 6429.84, 6438.64, 6606.78, 6793.62] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-04-03 **Financial & Commodity Data:** - Gold Closing Price: $1633.70 - Crude Oil Closing Price: $28.34 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $121,257,838,069 - Hash Rate: 91290582.4646392 - Transaction Count: 278763.0 - Unique Addresses: 548300.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.14 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Why isn’t the average person into bitcoin? That was the question posed by Blockstream’s Selene Jin at the Advancing Bitcoin conference in London on Thursday, in a room with some of the most hardcore bitcoiners on the planet. Jin pointed out that bitcoiners on Twitter tend to argue that: “Normies don’t understand money, have no long-term vision or the ability to think outside the box.” Related:Bitcoin Takes a Dive After the Longest Daily Winning Run Since September But she has a different opinion of what’s holding back broader adoption. More “normies” might use bitcoin if the user experience (UX) was better, if – in Silicon Valley tech speak – they were “delighted” to use the apps and felt “empowered” by them, she argued. Jin’s comments at the two-day event spoke to the difficulty of moving the needle on crypto adoption, even with 11 years under bitcoin’s belt. “Bitcoin UX improved a lot [over the years]. But there are ways we can improve that to push bitcoin even further,” Jin, Blockstream’s director of UX, said. She argued that most developers try to build an app with the features they want themselves, which isn’t necessarily what the average Joe is looking for. UX is often overlooked in bitcoin’s often very technical community. Jin argued that bitcoiners are fascinated by the new currency for a variety of reasons: monetary revolution, technological exploration and getting rich. (She’s in it for all three, she said.) Related:Why Cypherpunk Witches Love Bitcoin “I’m trying to help fix the user experience here because if we don’t do that, these three things can’t happen,” Jin said. With the halving around the corner, it could be a particularly good time to focus on improving bitcoin’s user experience. If the price goes up (which is still a big “if” that people are debating profusely), it could bring in a lot of new users, as is the pattern for bitcoin over the past decade. “Think of it like ‘Hungry Hungry Hippos,'” Coinfloor exchange founder and CEO Obi Nwosu said in a panel, referencing the 1980s children’s game. “When it comes, each exchange will be trying to get as many customers as possible. We need a service that deals with their requirements,” he added, nodding to Jin’s talk. One little-known proposal discussed at the event was to make memorizing bitcoin addresses as easy as memorizing a phone number. Right now that’s far from the case. Instead of being fewer than 10 digits, bitcoin addresses, where bitcoin is stored and transaction IDs are long, random strings of letters and numbers. “There is no way anyone can memorize it – unless you’re someone who memorizes digits of pi for fun. These IDs are always communicated by copy and paste,” bitcoin developer and educator Jimmy Song said. That’s why, when he saw a proposal for EasyPaySy posted to the bitcoin developeremail list, he was intrigued. EasyPaySy allows these accounts to be represented in a much easier form, as short and human-readable as a phone number or as readable as an email address. This approach isn’t without downsides. It would require more data to be stored on the bitcoin blockchain (the more slimmed down, the easier it is for more users to run). Plus, users potentially have to spend more time backing up such accounts. One attendee argued that the debacle involving economist and bitcoin critic Peter Schiff recently “losing his bitcoin password” showed that taking care of one’s bitcoin is already hard enough as is for many people. Still, Song argued that the benefits might outweigh the disadvantages. But user-facing improvements aren’t the only changes being considered. Many UX improvements start at the lowest levels of the bitcoin code. The faster developers can build new features, the faster they can bubble up to users. This realm of UX problems was probably the biggest focus of Advancing Bitcoin. One such improvement revolves around “testnet,” a network that’s like a dummy clone of bitcoin where developers test their apps and new bitcoin features to get a better idea of how they’ll work in the real world. Bitcoin Core contributor Kalle Alm has beenbuilding SigNet, an alternative that he describes as “testnet, but without all the broken parts.” The network is notoriously unreliable and “reorgs” all the time, an event where transactions that were considered legit for a short time, aren’t anymore. This bump is much less common on the real bitcoin network. Plus, there are people mining testnet coins and earning no money from it, since the mined dummy coins are supposed to be free. Alm argues there isn’t a point to this, since decentralization, achieved with the help of mining, isn’t really required on testnet. “I don’t even know what [testnet miners] are doing. No government is gonna come in and say, ‘Give me the test coins!'” Alm said. With these problems fixed, Alm thinks SigNet could play a big role in testing network-wide features added to bitcoin. For example, developers could soon use it to test Schnorr and Taproot, a privacy and scalability-focused bundle of changes that’s been making progress this year. But SigNet is just the tip of the iceberg. New bitcoin smart contract languageMiniscript, unveiled last year, was the subject of several talks at the conference. Smart contracts require various conditions to be met in order to unlock and send funds, such as not allowing bitcoins to be sent up until a certain day. Bitcoin’s built-in smart contract language Script is notoriously difficult to use, but Miniscript makes it easier for more developers to give it a shot, with the potential of making these smart contracts more available for more users. [Correction: The article has been updated to clarify that Jin was talking about the opinions of bitcoin Twitter users in her initial quote.] • Bitcoin Breaks Above $10,000 in Spot Market • Bitcoin Has Erased Over 45% of 2019 Sell-Off in Just 7 Weeks... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
6867.53, 6791.13, 7271.78, 7176.41, 7334.10, 7302.09, 6865.49, 6859.08, 6971.09, 6845.04
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:** ["Investing.com - Ethereum fell bellow the $140.74 level on Saturday. Ethereum was trading at 140.74 by 03:28 (07:28 GMT) on the Investing.com Index, down 0.99% on the day. It was the largest one-day percentage loss since March 29.\nThe move downwards pushed Ethereum's market cap down to $15.67B, or 0.00% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $135.58B.\nEthereum had traded in a range of $139.36 to $142.02 in the previous twenty-four hours.\nOver the past seven days, Ethereum has seen a rise in value, as it gained 10.08%. The volume of Ethereum traded in the twenty-four hours to time of writing was $12.33B or 0.00% of the total volume of all cryptocurrencies. It has traded in a range of $124.8400 to $148.9122 in the past 7 days.\nAt its current price, Ethereum is still down 90.11% from its all-time high of $1,423.20 set on January 13, 2018.\nBitcoin was last at $6,720.3 on the Investing.com Index, down 3.11% on the day.\nXRP was trading at $0.17926 on the Investing.com Index, a loss of 0.89%.\nBitcoin's market cap was last at $123.36B or 0.00% of the total cryptocurrency market cap, while XRP's market cap totaled $7.90B or 0.00% of the total cryptocurrency market value.\nRelated Articles\nEU Highlights Blockchain Benefits in Digitization Write-Up\nGeneral Motors Files Patent for a Blockchain-Based Navigation Map\nBinance Shelters Against Job Losses During Global Pandemic", "Investing.com - Ethereum fell bellow the $140.74 level on Saturday. Ethereum was trading at 140.74 by 03:28 (07:28 GMT) on the Investing.com Index, down 0.99% on the day. It was the largest one-day percentage loss since March 29. The move downwards pushed Ethereum's market cap down to $15.67B, or 0.00% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $135.58B. Ethereum had traded in a range of $139.36 to $142.02 in the previous twenty-four hours. Over the past seven days, Ethereum has seen a rise in value, as it gained 10.08%. The volume of Ethereum traded in the twenty-four hours to time of writing was $12.33B or 0.00% of the total volume of all cryptocurrencies. It has traded in a range of $124.8400 to $148.9122 in the past 7 days. At its current price, Ethereum is still down 90.11% from its all-time high of $1,423.20 set on January 13, 2018. Elsewhere in cryptocurrency trading Bitcoin was last at $6,720.3 on the Investing.com Index, down 3.11% on the day. XRP was trading at $0.17926 on the Investing.com Index, a loss of 0.89%. Bitcoin's market cap was last at $123.36B or 0.00% of the total cryptocurrency market cap, while XRP's market cap totaled $7.90B or 0.00% of the total cryptocurrency market value. Related Articles EU Highlights Blockchain Benefits in Digitization Write-Up General Motors Files Patent for a Blockchain-Based Navigation Map Binance Shelters Against Job Losses During Global Pandemic", "Bitcoin Dips Below 6,772.2 Level, Down 0.77% Investing.com - Bitcoin fell bellow the $6,772.2 level on Saturday. Bitcoin was trading at 6,772.2 by 13:29 (17:29 GMT) on the Investing.com Index, down 0.77% on the day. It was the largest one-day percentage loss since April 2. The move downwards pushed Bitcoin's market cap down to $124.2B, or 0.00% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $241.2B. Bitcoin had traded in a range of $6,679.1 to $6,888.3 in the previous twenty-four hours. Over the past seven days, Bitcoin has seen a rise in value, as it gained 8.7%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $32.0B or 0.00% of the total volume of all cryptocurrencies. It has traded in a range of $5,872.5044 to $7,182.7227 in the past 7 days. At its current price, Bitcoin is still down 65.92% from its all-time high of $19,870.62 set on December 17, 2017. Elsewhere in cryptocurrency trading Ethereum was last at $143.22 on the Investing.com Index, up 1.61% on the day. XRP was trading at $0.18023 on the Investing.com Index, a gain of 1.49%. Ethereum's market cap was last at $15.9B or 0.00% of the total cryptocurrency market cap, while XRP's market cap totaled $8.0B or 0.00% of the total cryptocurrency market value. Related Articles Amid Widespread Privacy Coin Delistings, Bitstamp Considers Zcash Support Voyager Onboards 40,000 Circle Invest Customers Cardano Dips Below 0.032130 Level, Down 0.19%", "Investing.com - Bitcoin fell bellow the $6,772.2 level on Saturday. Bitcoin was trading at 6,772.2 by 13:29 (17:29 GMT) on the Investing.com Index, down 0.77% on the day. It was the largest one-day percentage loss since April 2.\nThe move downwards pushed Bitcoin's market cap down to $124.2B, or 0.00% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $241.2B.\nBitcoin had traded in a range of $6,679.1 to $6,888.3 in the previous twenty-four hours.\nOver the past seven days, Bitcoin has seen a rise in value, as it gained 8.7%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $32.0B or 0.00% of the total volume of all cryptocurrencies. It has traded in a range of $5,872.5044 to $7,182.7227 in the past 7 days.\nAt its current price, Bitcoin is still down 65.92% from its all-time high of $19,870.62 set on December 17, 2017.\nEthereum was last at $143.22 on the Investing.com Index, up 1.61% on the day.\nXRP was trading at $0.18023 on the Investing.com Index, a gain of 1.49%.\nEthereum's market cap was last at $15.9B or 0.00% of the total cryptocurrency market cap, while XRP's market cap totaled $8.0B or 0.00% of the total cryptocurrency market value.\nRelated Articles\nAmid Widespread Privacy Coin Delistings, Bitstamp Considers Zcash Support\nVoyager Onboards 40,000 Circle Invest Customers\nCardano Dips Below 0.032130 Level, Down 0.19%", "Investing.com - Bitcoin fell bellow the $6,772.2 level on Saturday. Bitcoin was trading at 6,772.2 by 13:29 (17:29 GMT) on the Investing.com Index, down 0.77% on the day. It was the largest one-day percentage loss since April 2.\nThe move downwards pushed Bitcoin's market cap down to $124.2B, or 0.00% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $241.2B.\nBitcoin had traded in a range of $6,679.1 to $6,888.3 in the previous twenty-four hours.\nOver the past seven days, Bitcoin has seen a rise in value, as it gained 8.7%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $32.0B or 0.00% of the total volume of all cryptocurrencies. It has traded in a range of $5,872.5044 to $7,182.7227 in the past 7 days.\nAt its current price, Bitcoin is still down 65.92% from its all-time high of $19,870.62 set on December 17, 2017.\nEthereum was last at $143.22 on the Investing.com Index, up 1.61% on the day.\nXRP was trading at $0.18023 on the Investing.com Index, a gain of 1.49%.\nEthereum's market cap was last at $15.9B or 0.00% of the total cryptocurrency market cap, while XRP's market cap totaled $8.0B or 0.00% of the total cryptocurrency market value.\nRelated Articles\nAmid Widespread Privacy Coin Delistings, Bitstamp Considers Zcash Support\nVoyager Onboards 40,000 Circle Invest Customers\nCardano Dips Below 0.032130 Level, Down 0.19%", 'Hosted by CoinDesk Research Analyst Christine Kim, the first episode of the Bitcoin Halving 2020 podcast series is about the impact of bitcoin’s third halving on the concentration of miners in China.\nFor daily insights and unique perspectives listen or subscribe to the CoinDesk Podcast Network withApple Podcasts,Spotify,Pocketcasts,Google Podcasts,Castbox,Stitcher,RadioPublica,IHeartRadioorRSS.\nIn about 40 days, the world’s first and largest cryptocurrency by market capitalization,bitcoin(BTC), will undergo a pre-programmed block reward reduction known as the halving.\nRelated:Bitcoin News Roundup for April 6, 2020\nRoughly every four years, bitcoin’s block subsidy rewards are cut by 50 percent to prevent currency inflation. Recurring halving events also ensure that total supply over time is capped at 21 million coins. It will take an estimated 64 halving events before the last bitcoin is mined. So far, there have only been two.\nTo commemorate bitcoin’s third halving, CoinDesk Research is launching today a new weekly podcast series about the bitcoin mining industry. Each episode features discussions with leading experts in bitcoin mining hardware, operations and pool management on a variety of topics related to block subsidy reward reductions and their impact on the crypto markets.\nSee also:Manufacturers Mark Down Bitcoin Miners as Price Drop, Halving Change Calculus\nHosted by CoinDesk Research Analyst Christine Kim, the first episode of the Bitcoin Halving 2020 podcast series is about the impact of bitcoin’s third halving on the concentration of miners in China.\nRelated:Crypto Long & Short: Is Bitcoin More Like Gold or Equities?\nDiscussing and debating this topic is Ethan Vera, head of finance at one of North America’s largest cryptocurrency mining pools Luxor Technologies. Also joining Kim and Vera on the show is Wolfie Zhao, a veteran member of the CoinDesk editorial team who specializes in news coverage on the Chinese bitcoin mining industry.\nFor more information about the bitcoin halving, CoinDesk Research has recently published a 30-page explainer report on these events that features additional commentary from Vera and other mining industry experts. The report is free to download onthe CoinDesk website.\nFor daily insights and unique perspectives listen or subscribe to the CoinDesk Podcast Network withApple Podcasts,Spotify,Pocketcasts,Google Podcasts,Castbox,Stitcher,RadioPublica,IHeartRadioorRSS.\n• Coronavirus Second Order Effects and Improving on Bitcoin With BitTorrent Creator Bram Cohen\n• Will DeFi Matter in a Post-Coronavirus World? Feat. Matt Luongo', 'Hosted by CoinDesk Research Analyst Christine Kim, the first episode of the Bitcoin Halving 2020 podcast series is about the impact of bitcoin’s third halving o **Last 60 Days of Bitcoin's Closing Prices:** [9180.96, 9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46, 8599.51, 8562.45, 8869.67, 8787.79, 8755.25, 9078.76, 9122.55, 8909.95, 8108.12, 7923.64, 7909.73, 7911.43, 4970.79, 5563.71, 5200.37, 5392.31, 5014.48, 5225.63, 5238.44, 6191.19, 6198.78, 6185.07, 5830.25, 6416.31, 6734.80, 6681.06, 6716.44, 6469.80, 6242.19, 5922.04, 6429.84, 6438.64, 6606.78, 6793.62, 6733.39] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-04-04 **Financial & Commodity Data:** - Gold Closing Price: $1633.70 - Crude Oil Closing Price: $28.34 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $121,257,838,069 - Hash Rate: 91290582.4646392 - Transaction Count: 278763.0 - Unique Addresses: 548300.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.12 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Crypto exchange Binance’s peer-to-peer (P2P) trading platform has added support for Russian rubles (RUB). It allows users to buy and sell bitcoin (BTC), ether (ETH), Tether stablecoin (USDT) and Binance’s native coin (BNB) directly with rubles, according to anannouncementTuesday. Binancealready supportsrubles for direct fiat-to-crypto buying, but the P2P platform allows trading between people, even when crypto trading is banned in a certain country or jurisdiction. For instance, crypto-to-fiat trading is banned in China since 2017, but P2P platforms facilitate crypto trades. Binance’s P2P platform supports Chinese yuan (CNY), Vietnamese dong (VND), and now rubles. “P2P trading provides an open marketplace and more flexible access for users to trade multiple cryptocurrencies with other users or merchants in the payment methods they prefer,” said Binance CEO Changpeng “CZ” Zhao. Binance initiallylaunchedits P2P platform last October. Looking ahead, it plans to more fiat and cryptocurrencies trading options this year.... - Reddit Posts (Sample): [['u/DiamondNoire', 'Is Bitcoin Safe For Sex Workers And Adult Entertainers?', 48, '2020-04-04 00:44', 'https://www.reddit.com/r/BitcoinBeginners/comments/fui90o/is_bitcoin_safe_for_sex_workers_and_adult/', 'Those of us who sell x-rated content and services on the internet are faced with limited options for collecting payments. Many money sending apps have a policy against sexual services, and therefore will confiscate funds and terminate the account if it is found in violation. Does bitcoin allow the sale of adult content and provide enough privacy protection for its users?', 'https://www.reddit.com/r/BitcoinBeginners/comments/fui90o/is_bitcoin_safe_for_sex_workers_and_adult/', 'fui90o', [['u/bitusher', 16, '2020-04-04 00:52', 'https://www.reddit.com/r/BitcoinBeginners/comments/fui90o/is_bitcoin_safe_for_sex_workers_and_adult/fmcwn6u/', 'Sure, just avoid using Bitpay as that Bitcoin payment processor will shut you down. \n\nOption 1 - easiest - paste your address and or QR code from a free wallet like these - \n\nhttps://www.reddit.com/r/BitcoinBeginners/comments/e5k2jx/what_is_the_best_crypto_wallet_to_use_and_why/f9k6azk/\n\nOption 2 - (more full featured wallet /shopping cart solution - \n\nhttps://medium.com/@BtcpayServer/launch-btcpay-server-via-web-interface-and-deploy-full-bitcoin-node-lnd-in-less-than-a-minute-dc8bc6f06a3\n\nhttps://github.com/btcpayserver/btcpayserver\n\nUltimate guide to setting up BTCpay\n\nhttps://np.reddit.com/r/Bitcoin/comments/8f1eqf/the_ultimate_guide_to_btcpay_the_free_and/\n\nhttps://bitcoinshirt.co/how-to-create-store-accept-bitcoin/\nvideos as well\n\nhttps://www.youtube.com/watch?v=CWhTOunTb2Q\n\nhttps://www.youtube.com/playlist?list=PL7b9Wt9shK2ouN9E-g0viktMMEKFFqelm\n\nhttps://www.youtube.com/channel/UCravp5_XnVjNjlpbr9G0YCw/videos\n\nhttps://www.youtube.com/channel/UCpG9WL6TJuoNfFVkaDMp9ug/videos\n\nyes there are wordpress and woocommerce integrations\n\n\noption 3 - \n\n**Hosted BTC payment processors**\n\nhttps://strike.acinq.co/\n\nhttps://opennode.co/\n\nhttps://globee.com/\n\nhttps://coingate.com/\n\nhttps://btcpayjungle.com/', 'fui90o'], ['u/bitusher', 10, '2020-04-04 01:11', 'https://www.reddit.com/r/BitcoinBeginners/comments/fui90o/is_bitcoin_safe_for_sex_workers_and_adult/fmcyl8o/', 'Bitcoin is pseudonymous , Which mean you get to choose to use it very privately or transparently. The ledger is public but the "accounts" aren\'t necessarily associated with your ID and you can have an unlimited amount of "accounts"', 'fui90o'], ['u/TPK001', 38, '2020-04-04 03:01', 'https://www.reddit.com/r/BitcoinBeginners/comments/fui90o/is_bitcoin_safe_for_sex_workers_and_adult/fmd91zw/', "1. Wikileaks is a good example - cut off by every single payment processor, on its last breath, when the decision to accept donations in Bitcoin changed their fortunes for ever.\n2. You or any independent operator will be able to get going in minutes - literally. Esp. if you just download a wallet, and give customers the address.\n3. The areas where you need to pay specific attention to,\n\n\\- The wallets give you 24 words to secure. That is the single most important master key for your funds. It can never be on any digital media (ie. paper and pencil only, no printer etc. Loose the 24 words and it is gone forever.\n\n\\- Dont send your product without getting paid. There are ways where your customer can maybe try to convince you that the payment has been sent. Beauty of Bitcoin, you can verify for yourself. The flip side, the sender of Bitcoin doesn't have recourse, the transaction is irreversible.\n\n\\- Some customers wont know how to get BTC, but that will be a minority. On the other hand, others that prefer to deal with BTC.\n\n\\- You'll need to figure out a way to get Fiat (Cash) for BTC - ie. how do you cash out, frequency, and through which exchange. Through part luck/part strategy, this ended up winning Wikileaks a once in a lifetime fortune.\n\nEven if your existing primary payment processor is intact, start offerring BTC too. You dont need anyone's permission. At the very least you'll be better educated for it. Post back if you have any questions. Stay well.", 'fui90o']]], ['u/DiamondNoire', 'For People Who’ve Used Bitcoin To Buy Or Sell Adult Content Or Sexual Services: Is It Worth It?', 17, '2020-04-04 01:04', 'https://www.reddit.com/r/btc/comments/fuikwh/for_people_whove_used_bitcoin_to_buy_or_sell/', 'Lately it seems that bitcoin is the safest payment method for those of us who sell x-rated content and services, but i don’t even understand it. Is it worth the time and effort of set up?', 'https://www.reddit.com/r/btc/comments/fuikwh/for_people_whove_used_bitcoin_to_buy_or_sell/', 'fuikwh', [['u/FUBAR-BDHR', 17, '2020-04-04 01:45', 'https://www.reddit.com/r/btc/comments/fuikwh/for_people_whove_used_bitcoin_to_buy_or_sell/fmd1wdf/', 'Yes. Even many cam sites now accept and pay in crypto. Other payment services can be blocked and have been by governments for adult content. Also no charge backs.', 'fuikwh'], ['u/World_Money', 14, '2020-04-04 02:56', 'https://www.reddit.com/r/btc/comments/fuikwh/for_people_whove_used_bitcoin_to_buy_or_sell/fmd8l9l/', 'No charge-backs. Instant payments. Global. Near-zero fees. Full control of your money. No bank or personal info required!\n\nTry it out. Download the Bitcoin.com wallet and use this. u/chaintip', 'fuikwh']]], ['u/Ultim8_Lifeform', 'Respect Leatherface! (The Texas Chainsaw Massacre)', 144, '2020-04-04 01:07', 'https://www.reddit.com/r/respectthreads/comments/fuimrd/respect_leatherface_the_texas_chainsaw_massacre/', '# [Leatherface](https://imgur.com/2w5iTp6)\n\n***\n\n&gt; *The film which you are about to see is an account of the tragedy which befell a group of five youths, in particular Sally Hardesty and her invalid brother, Franklin. It is all the more tragic in that they were young. But, had they lived very, very long lives, they could not have expected nor would they have wished to see as much of the mad and macabre as they were to see that day. For them an idyllic summer afternoon became a nightmare. The events of that day were to lead to the discovery of one of the most bizarre crimes in the annals of American history, the Texas Chainsaw Massacre.*\n&gt;\n&gt; -The Texas Chainsaw Massacre Opening Narration\n\n***\n\n***Note: This thread is NSFW. There is nudity, extreme violence and gore.***\n\n***Also note:*** *The Texas Chainsaw Massacre movies do not care about continuity. If you are confused,* [*here is a diagram of the many timelines and breakoffs*](https://imgur.com/AfKmhcC) *(or at least my understanding of them). The Texas Chainsaw Massacre 2, Leatherface: The Texas Chainsaw Massacre III, Texas Chainsaw Massacre: The Next Generation, and Texas Chainsaw 3D are all sequels to the original Texas Chainsaw Massacre from 1974 that are not connected to each other. Leatherface is a prequel to the original Texas Chainsaw Massacre that shares continuity with Texas Chainsaw 3D. Finally, The Texas Chainsaw Massacre (2003) and The Texas Chainsaw Massacre: The Beginning, take place in a completely separate continuity.*\n\n***\n\n# Sources\n\n**Movies**\n\n* The Texas Chainsaw Massacre\n* The Texas Chainsaw Massacre 2\n* Leatherface: The Texas Chainsaw Massacre III\n* Texas Chainsaw Massacre: The Next Generation\n* The Texas Chainsaw Massacre (2003 Remake)\n* The Texas Chainsaw Massacre: The Beginning\n* Texas Chainsaw 3D\n* Leatherface (2017)\n\n**Comics**\n\n* Leatherface (1991)(The Texas Chainsaw Massacre III Adaptation)\n* Jason vs Leatherface\n* The Texas Chainsaw Massacre Special\n* The Texas Chainsaw Massacre: The Grind\n* The Texas Chainsaw Massacre Fearbook\n* The Texas Chainsaw Massacre (2007)\n* The Texas Chainsaw Massacre: Cut!\n* The Texas Chainsaw Massacre: About a Boy\n* Hoyt, By Himself\n* Newline Cinema\'s Tales of Horror\n* The Texas Chainsaw Massacre: Rasing Cain\n\n**Games**\n\n* The Texas Chainsaw Massacre (Atari 2600)\n\n***\n\n# The Texas Chainsaw Massacre (1974)\n\n***\n\n**Appearances**: [Killer](https://imgur.com/0vXT2mF) | [Old Woman](https://imgur.com/c8lHm7g) | [Pretty Lady](https://imgur.com/WaquJ9F)\n\n**Family**: The Hitchhiker (brother), The Cook (brother), and Grandpa (grandfather)\n\nLeatherface, along with the rest of his murderous, cannibalistic family, lives deep in the state of Texas. He acts as the family\'s muscle, hunting down and slaying their meals with his weapon of choice, the chainsaw. After he kills his victims, he will often remove their face and transform them into masks for him to wear, which earned him the name Leatherface. Despite the deaths and carnage he has caused, he isn\'t necessarily an evil being. Rather he simply follows the orders of his more malicious family members. He is sometimes even on the receiving end of his family\'s bullying and ridicule because of his low intelligence and oafish nature. Even though his family doesn\'t always treat him the best, he values the concept of family above all else and will become enraged if his family is put in danger.\n\n\n**Strength**\n\n* [Grabs a girl and carries her back into his house, forcefully placing her on a meat hook](https://imgur.com/dOovpcs)\n* [Kills a man with a single swing of a hammer](https://imgur.com/abJliyM)\n\n**Stealth**\n\n* [Approaches two of his victims, not being noticed until a flashlight is shone on him directly in front of them](https://imgur.com/PiPLGtD)\n\n**Durability**\n\n* [After he is hit in the head with a wrench and his leg is partially sawed through](https://imgur.com/6ASNzcN), he is still able to get up and [chase after one of his victims as she is driven away](https://imgur.com/zf4y3R7)\n\n***\n\n# The Texas Chainsaw Massacre 2\n\n***\n\n**[Appearance](https://imgur.com/aFI9Jld)**\n\n**Real Name**: Bubba Sawyer\n\n**Family Members**: Drayton Sawyer (brother), Nubbins Sawyer (brother), Choptop (brother), Grandpa Sawyer (grandfather)\n\nThe Texas Chainsaw Massacre 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.
6791.13, 7271.78, 7176.41, 7334.10, 7302.09, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Bitcoin rose by 2.05% on Saturday. Reversing a 1.04% fall from Friday, Bitcoin ended the day at $6,880.1.\nA mixed start to the day saw Bitcoin rise to a late morning high $6,928.0 before hitting reverse.\nFalling short of the first major resistance level at $6,985.30, Bitcoin slid to a late morning intraday low $6,660.0.\nSteering clear of the first major support level at $6,559.8, Bitcoin rallied to a late intraday high $7,014.0 before sliding back.\nBitcoin broke through the first major resistance level at $6,985.3 before wrapping up the day at sub-$6,900 levels.\nThe near-term bearish trend, formed at late June 2019’s swing hi $13,764.0, remained firmly intact, reaffirmed by the March swing lo $4,000.\nFor the bulls, Bitcoin would need to break out from $10,000 levels to form a near-term bullish trend.\nAcross the rest of the majors, it was a bullish day.\nBinance Coin, Ethereum and Monero’s XMR led the way with gains of 3.14%, 2.12%, and 2.32% respectively.\nBitcoin Cash ABC (+1.26%), EOS (+1.25%), Ripple’s XRP (+1.17%), Stellar’s Lumen (+1.66%), and Tezos (+1.29%) also found support.\nBitcoin Cash SV (+0.37%), Cardano’s ADA (0.62%), Litecoin (+0.89%), and Tron’s TRX (+0.64%) trailed the pack.\nThrough the current week, the crypto total market cap rose from a Monday low $168.04bn to a late Thursday high $197.15bn. At the time of writing, the total market cap stood at $192.54bn.\nBitcoin’s dominance eased back to sub-65% levels following Tuesday’s modest gain before bouncing back to visit 66% levels on Thursday. At the time of writing, Bitcoin’s dominance stood at 65.2%.\n24-hour trading volumes recovered from sub-$100bn levels last Sunday to hit $158bn levels on Thursday. At the time of writing, 24-hr volumes stood at $108.79bn.\nAt the time of writing, Bitcoin was down by 0.45% to $6,849.0. A mixed start to the day saw Bitcoin rise to an early morning high $6,917.9 before falling to a low $6,821.4.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was another mixed start to the day.\nMonero’s XMR led the way down with a 0.76% loss early on, while Binance Coin found early support, rising by 0.80%.\nBitcoin Cash ABC (+0.74%), Bitcoin Cash SV (+0.39%), Ethereum (+0.08%), Stellar’s Lumen (0.07%) were also in positive territory.\nBitcoin would need to move through to $6,850 levels to bring the first major resistance level at $7,042.73 into play.\nSupport from the broader market would be needed, however, for Bitcoin to break out from Saturday’s high $7,014.0.\nBarring another crypto rally, the first major resistance level at $7,042.73 would likely pin Bitcoin back on the day.\nFailure to move back through to $6,850 levels could see Bitcoin fall deeper into the red.\nA fall back through to sub-$6,800 levels would bring the first major support level at $6,688.73 into play.\nBarring an extended crypto sell-off, however, Bitcoin should steer of the second major support level at $6,497.37.\nThisarticlewas originally posted on FX Empire\n• The Crypto Daily – Movers and Shakers -05/04/20\n• Gold Weekly Price Forecast – Gold Markets Showing Signs of Resiliency\n• The Weekly Wrap – COVID-19 and Dire Data Weigh on Riskier Assets\n• Natural Gas Price Forecast – Natural Gas Markets Test Previous Support\n• Natural Gas Price Prediction – Prices Rise as Rig Count Declines\n• S&P 500 Weekly Price Forecast – Stock Markets Give Up Gains for the Week', 'Bitcoin rose by 2.05% on Saturday. Reversing a 1.04% fall from Friday, Bitcoin ended the day at $6,880.1. A mixed start to the day saw Bitcoin rise to a late morning high $6,928.0 before hitting reverse. Falling short of the first major resistance level at $6,985.30, Bitcoin slid to a late morning intraday low $6,660.0. Steering clear of the first major support level at $6,559.8, Bitcoin rallied to a late intraday high $7,014.0 before sliding back. Bitcoin broke through the first major resistance level at $6,985.3 before wrapping up the day at sub-$6,900 levels. The near-term bearish trend, formed at late June 2019’s swing hi $13,764.0, remained firmly intact, reaffirmed by the March swing lo $4,000. For the bulls, Bitcoin would need to break out from $10,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the majors, it was a bullish day. Binance Coin, Ethereum and Monero’s XMR led the way with gains of 3.14%, 2.12%, and 2.32% respectively. Bitcoin Cash ABC (+1.26%), EOS (+1.25%), Ripple’s XRP (+1.17%), Stellar’s Lumen (+1.66%), and Tezos (+1.29%) also found support. Bitcoin Cash SV (+0.37%), Cardano’s ADA (0.62%), Litecoin (+0.89%), and Tron’s TRX (+0.64%) trailed the pack. Through the current week, the crypto total market cap rose from a Monday low $168.04bn to a late Thursday high $197.15bn. At the time of writing, the total market cap stood at $192.54bn. Bitcoin’s dominance eased back to sub-65% levels following Tuesday’s modest gain before bouncing back to visit 66% levels on Thursday. At the time of writing, Bitcoin’s dominance stood at 65.2%. 24-hour trading volumes recovered from sub-$100bn levels last Sunday to hit $158bn levels on Thursday. At the time of writing, 24-hr volumes stood at $108.79bn. This Morning At the time of writing, Bitcoin was down by 0.45% to $6,849.0. A mixed start to the day saw Bitcoin rise to an early morning high $6,917.9 before falling to a low $6,821.4. Story continues Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was another mixed start to the day. Monero’s XMR led the way down with a 0.76% loss early on, while Binance Coin found early support, rising by 0.80%. Bitcoin Cash ABC (+0.74%), Bitcoin Cash SV (+0.39%), Ethereum (+0.08%), Stellar’s Lumen (0.07%) were also in positive territory. For the Bitcoin Day Ahead Bitcoin would need to move through to $6,850 levels to bring the first major resistance level at $7,042.73 into play. Support from the broader market would be needed, however, for Bitcoin to break out from Saturday’s high $7,014.0. Barring another crypto rally, the first major resistance level at $7,042.73 would likely pin Bitcoin back on the day. Failure to move back through to $6,850 levels could see Bitcoin fall deeper into the red. A fall back through to sub-$6,800 levels would bring the first major support level at $6,688.73 into play. Barring an extended crypto sell-off, however, Bitcoin should steer of the second major support level at $6,497.37. This article was originally posted on FX Empire More From FXEMPIRE: The Crypto Daily – Movers and Shakers -05/04/20 Gold Weekly Price Forecast – Gold Markets Showing Signs of Resiliency The Weekly Wrap – COVID-19 and Dire Data Weigh on Riskier Assets Natural Gas Price Forecast – Natural Gas Markets Test Previous Support Natural Gas Price Prediction – Prices Rise as Rig Count Declines S&P 500 Weekly Price Forecast – Stock Markets Give Up Gains for the Week', "Investing.com - Ethereum fell bellow the $142.77 level on Sunday. Ethereum was trading at 142.77 by 03:29 (07:29 GMT) on the Investing.com Index, down 1.44% on the day. It was the largest one-day percentage loss since April 4.\nThe move downwards pushed Ethereum's market cap down to $15.83B, or 0.00% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $135.58B.\nEthereum had traded in a range of $142.08 to $145.26 in the previous twenty-four hours.\nOver the past seven days, Ethereum has seen a rise in value, as it gained 10.5%. The volume of Ethereum traded in the twenty-four hours to time of writing was $11.78B or 0.00% of the total volume of all cryptocurrencies. It has traded in a range of $125.0189 to $148.9122 in the past 7 days.\nAt its current price, Ethereum is still down 89.97% from its all-time high of $1,423.20 set on January 13, 2018.\nBitcoin was last at $6,780.6 on the Investing.com Index, up 0.74% on the day.\nXRP was trading at $0.17955 on the Investing.com Index, a gain of 0.19%.\nBitcoin's market cap was last at $124.33B or 0.00% of the total cryptocurrency market cap, while XRP's market cap totaled $7.87B or 0.00% of the total cryptocurrency market value.\nRelated Articles\n7 Crypto Firms Targeted by 11 Lawsuits in New York\nEU Highlights Blockchain Benefits in Digitization Write-Up\nBIS Calls for Central Bank Digital Currencies Amid Coronavirus Pandemic", "Investing.com - Ethereum fell bellow the $142.77 level on Sunday. Ethereum was trading at 142.77 by 03:29 (07:29 GMT) on the Investing.com Index, down 1.44% on the day. It was the largest one-day percentage loss since April 4. The move downwards pushed Ethereum's market cap down to $15.83B, or 0.00% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $135.58B. Ethereum had traded in a range of $142.08 to $145.26 in the previous twenty-four hours. Over the past seven days, Ethereum has seen a rise in value, as it gained 10.5%. The volume of Ethereum traded in the twenty-four hours to time of writing was $11.78B or 0.00% of the total volume of all cryptocurrencies. It has traded in a range of $125.0189 to $148.9122 in the past 7 days. At its current price, Ethereum is still down 89.97% from its all-time high of $1,423.20 set on January 13, 2018. Elsewhere in cryptocurrency trading Bitcoin was last at $6,780.6 on the Investing.com Index, up 0.74% on the day. XRP was trading at $0.17955 on the Investing.com Index, a gain of 0.19%. Bitcoin's market cap was last at $124.33B or 0.00% of the total cryptocurrency market cap, while XRP's market cap totaled $7.87B or 0.00% of the total cryptocurrency market value. Related Articles 7 Crypto Firms Targeted by 11 Lawsuits in New York EU Highlights Blockchain Benefits in Digitization Write-Up BIS Calls for Central Bank Digital Currencies Amid Coronavirus Pandemic", "NEW YORK, NY / ACCESSWIRE / April 5, 2020 /The ATIS cross-chain ecosystem is about to usher in exciting moments. Together with the core development team of Bitcoin and Monero, the ATIS 1 **Last 60 Days of Bitcoin's Closing Prices:** [9613.42, 9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46, 8599.51, 8562.45, 8869.67, 8787.79, 8755.25, 9078.76, 9122.55, 8909.95, 8108.12, 7923.64, 7909.73, 7911.43, 4970.79, 5563.71, 5200.37, 5392.31, 5014.48, 5225.63, 5238.44, 6191.19, 6198.78, 6185.07, 5830.25, 6416.31, 6734.80, 6681.06, 6716.44, 6469.80, 6242.19, 5922.04, 6429.84, 6438.64, 6606.78, 6793.62, 6733.39, 6867.53] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-04-05 **Financial & Commodity Data:** - Gold Closing Price: $1633.70 - Crude Oil Closing Price: $28.34 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $124,289,435,688 - Hash Rate: 121029181.297817 - Transaction Count: 240259.0 - Unique Addresses: 452282.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.12 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Unstoppable Domains, a censorship-resistant web developer, has released a Google Chrome extension in its bid to open up web 3.0. The extension will give users access to .crypto domain names directly from the Chrome browser, currently the most-used web browser. Developed by Unstoppable Domains, .crypto domains are smart contracts on the Ethereum network, meaning to take down a site an attacker would have to take down the overall network. The new tool closely follows Unstoppable Domains’eponymous browser launch, unveiled at the ETHDenver conference in late February. Related:The Domain Startups Building an Uncensorable Internet on Top of Ethereum But the two-year-old ethereum-based startup –backed by $4 millionin Tim Draper seed funding and driven by its founders’ goal to get ahead of global censorship – always aimed higher than being a browser builder, according to founder Brad Kam. “We don’t intend to be a browser company, nor do we want to be a browser company,” said founder Brad Kam. “We want browsers to support the decentralized web and we wanted to provide a developer tool that could help inspire that.” Releasing a chrome browser extension will help Unstoppable Domains’ visibility and likely market penetration, too. Kam declined to say how many times the Unstoppable browser had been downloaded since its launch a few weeks back, but it surely pales in comparison to Chrome’s global dominance; the Google release represented58 percent of the marketin March, according to W3counter.com. Related:Google Reinstates Bitcoin Rewards Game Suspended for ‘Deceptive Practices’ A Chrome extension comes with risks. Google has been known to lash out at crypto applications, content and extensions in the past: it took the Meta Mask wallet down last year only to reinstate it, without explanation. While Kam admits there’s no way to stop this type of censorship, he insists that he’s not concerned. “Even if Chrome were to do that, which would be unfortunate, that would make it slightly less convenient for some users, but it would not stop the decentralized web,” he said. • Developers Say Google Play Unfairly Booted Their Bitcoin Rewards Game • Coinbase Hires Google VP as Chief Product Officer... - 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.
7271.78, 7176.41, 7334.10, 7302.09, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11
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:** ['Bitcoin fell by 1.46% on Sunday. Partially reversing a 2.05% gain from Saturday, Bitcoin ended the week up 15.06% to $6,780.2. A mixed start to the day saw Bitcoin rise to an early morning intraday high $6,917.9 before hitting reverse. Falling short of the first major resistance level at $7,042.73, Bitcoin slid to a late afternoon intraday low $6,690.2. Finding support at the first major support level at $6,688.73, Bitcoin recovered to $6,800 levels before easing back. The near-term bearish trend, formed at late June 2019’s swing hi $13,764.0, remained firmly intact, reaffirmed by the March swing lo $4,000. For the bulls, Bitcoin would need to break out from $10,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the majors, it was a mixed end to the week. Stellar’s Lumen and Tron bucked the trend, rallying by 3.81% and 4.73% respectively. It was a bearish day for the rest of the pack, however. Bitcoin Cash ABC (-3.22%), Bitcoin Cash SV (-2.93%), Cardano’s ADA (-2.04%), and Tezos (-2.23%) led the way down. Binance Coin (-1.01%), EOS (-0.34%), Ethereum (-1.18%), Litecoin (-1.08%), and Ripple’s XRP (-1.23%) saw relatively modest losses. For the week ending 5 th April, it was a bullish week for the majors, however. Binance Coin and Monero’s XMR led the way, rallying by 21.26% and by 20.89% respectively. Bitcoin Cash SV (+18.49%), Cardano’s ADA (+13.81%), Ethereum (+14.76%), Stellar’s Lumen (+15.37%), Tezos (+13.63%), and Tron’s TRX (+17.90%) also made solid gains. Bitcoin Cash ABC (+11.98%), EOS (+11.02%), Litecoin (+8.84%), and Ripple’s XRP (+10.15%) trailed the front runners. Through the current week, the crypto total market cap rose from a Monday low $168.04bn to a late Thursday high $197.15bn. At the time of writing, the total market cap stood at $191.05bn. Bitcoin’s dominance eased back to sub-65% levels early in the week before bouncing back to visit 66% levels on Thursday. Bitcoin’s dominance fell back to 65% levels late in the week, however. At the time of writing, Bitcoin’s dominance stood at 65.2%. Story continues 24-hour trading volumes recovered from sub-$100bn levels last Sunday to hit $158bn levels on Thursday before sliding back. At the time of writing, 24-hr volumes stood at $98.83bn. This Morning At the time of writing, Bitcoin was up by 1.10% to $6,854.8. A bullish start to the day saw Bitcoin rise from an early morning low $6,775.1 to a high $6,888.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a bullish start to the day, with Bitcoin Cash ABC and Bitcoin Cash SV rallying by 1.74% and by 1.58% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to move back through the morning high $6,888.0 to bring the first major resistance level at $6,902.00 into play. Support from the broader market would be needed, however, for Bitcoin to break back through to $6,900 levels Barring another crypto rally, the first major resistance level at $6,902 and Sunday’s high $6,917.9 would likely pin Bitcoin back on the day. Failure to move back through the morning high could see Bitcoin hit reverse. A fall back through to sub-$6,800 levels would bring the first major support level at $6,674.30 into play. Barring an extended crypto sell-off, however, Bitcoin should steer of the second major support level at $6,568.40. This article was originally posted on FX Empire More From FXEMPIRE: Natural Gas Price Fundamental Weekly Forecast – Supported by Possible Oil Deal, but Demand Remains Key Worry The Week Ahead – COVID-19 and OPEC in Focus, with Economic Data on the Lighter Side EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 05/04/20 A Light Economic Calendar Leaves the Markets in the Hands of COVID-19 and OPEC EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 04/04/20 Oil Price Fundamental Weekly Forecast – Traders to Play ‘Waiting Game’ Until OPEC+ Meeting', 'Bitcoin fell by 1.46% on Sunday. Partially reversing a 2.05% gain from Saturday, Bitcoin ended the week up 15.06% to $6,780.2. A mixed start to the day saw Bitcoin rise to an early morning intraday high $6,917.9 before hitting reverse. Falling short of the first major resistance level at $7,042.73, Bitcoin slid to a late afternoon intraday low $6,690.2. Finding support at the first major support level at $6,688.73, Bitcoin recovered to $6,800 levels before easing back. The near-term bearish trend, formed at late June 2019’s swing hi $13,764.0, remained firmly intact, reaffirmed by the March swing lo $4,000. For the bulls, Bitcoin would need to break out from $10,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the majors, it was a mixed end to the week. Stellar’s Lumen and Tron bucked the trend, rallying by 3.81% and 4.73% respectively. It was a bearish day for the rest of the pack, however. Bitcoin Cash ABC (-3.22%), Bitcoin Cash SV (-2.93%), Cardano’s ADA (-2.04%), and Tezos (-2.23%) led the way down. Binance Coin (-1.01%), EOS (-0.34%), Ethereum (-1.18%), Litecoin (-1.08%), and Ripple’s XRP (-1.23%) saw relatively modest losses. For the week ending 5 th April, it was a bullish week for the majors, however. Binance Coin and Monero’s XMR led the way, rallying by 21.26% and by 20.89% respectively. Bitcoin Cash SV (+18.49%), Cardano’s ADA (+13.81%), Ethereum (+14.76%), Stellar’s Lumen (+15.37%), Tezos (+13.63%), and Tron’s TRX (+17.90%) also made solid gains. Bitcoin Cash ABC (+11.98%), EOS (+11.02%), Litecoin (+8.84%), and Ripple’s XRP (+10.15%) trailed the front runners. Through the current week, the crypto total market cap rose from a Monday low $168.04bn to a late Thursday high $197.15bn. At the time of writing, the total market cap stood at $191.05bn. Bitcoin’s dominance eased back to sub-65% levels early in the week before bouncing back to visit 66% levels on Thursday. Bitcoin’s dominance fell back to 65% levels late in the week, however. At the time of writing, Bitcoin’s dominance stood at 65.2%. Story continues 24-hour trading volumes recovered from sub-$100bn levels last Sunday to hit $158bn levels on Thursday before sliding back. At the time of writing, 24-hr volumes stood at $98.83bn. This Morning At the time of writing, Bitcoin was up by 1.10% to $6,854.8. A bullish start to the day saw Bitcoin rise from an early morning low $6,775.1 to a high $6,888.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a bullish start to the day, with Bitcoin Cash ABC and Bitcoin Cash SV rallying by 1.74% and by 1.58% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to move back through the morning high $6,888.0 to bring the first major resistance level at $6,902.00 into play. Support from the broader market would be needed, however, for Bitcoin to break back through to $6,900 levels Barring another crypto rally, the first major resistance level at $6,902 and Sunday’s high $6,917.9 would likely pin Bitcoin back on the day. Failure to move back through the morning high could see Bitcoin hit reverse. A fall back through to sub-$6,800 levels would bring the first major support level at $6,674.30 into play. Barring an extended crypto sell-off, however, Bitcoin should steer of the second major support level at $6,568.40. This article was originally posted on FX Empire More From FXEMPIRE: Natural Gas Price Fundamental Weekly Forecast – Supported by Possible Oil Deal, but Demand Remains Key Worry The Week Ahead – COVID-19 and OPEC in Focus, with Economic Data on the Lighter Side EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 05/04/20 A Light Economic Calendar Leaves the Markets in the Hands of COVID-19 and OPEC EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 04/04/20 Oil Price Fundamental Weekly Forecast – Traders to Play ‘Waiting Game’ Until OPEC+ Meeting', 'Crypto companies kept buying each other last year even as both M&A and funding deal flow in the industry took a dive, according to a report released Monday by PwC.\nOn the M&A side, crypto-native acquirers took 56 percent of the deal flow, compared to 42 percent in 2018. The total number of M&A deals flagged by the report dropped from 189 in 2018 to 114 last year, while the value of M&A deals dropped by a whopping 76 percent from $1.9 billion to $451 million.\nLarger companies were able to eat up ones that provided services that were ancillary to their own, PwC Global Crypto Lead Henri Arslanian told CoinDesk in an interview.\nRelated:Makers of Keep Protocol Raise $7.7M to Bring Trustless BTC to DeFi\n“I think we should expect some of the big players to get bigger, but not by buying direct competitors,” Arslanian said. “Not by becoming vertically bigger but by becoming horizontally bigger. Unicorns are becoming more like octopuses where they have their hands in various areas of the crypto ecosystem.”\nMeanwhile, the declines on the fundraising side of the report weren’t quite as stark. Post-seed rounds took up eight percentage points more of overall fundraising deals in 2019, a sign of the sector’s maturation.\n“I think that’s something we should expect to see as well, as the industry matures, there will be enough deal flow and there will be enough exits as well to allow many of the crypto VCs to be successful,” he said.\nFundraising overall decreased by 40 percent to $2.24 billion and the number of deals dropped by 122. Equity fundraising decreased by less, showing only an 18 percent drop. The rise of bitcoin in the second and third quarter of 2019 didn’t stave off the funding drop, and the industry should assume going into 2020 that the global economic downturn will further affect funding deals, the report said.\nRelated:‘They Have the Users’: Binance CEO Explains Why He Bought CoinMarketCap\nLast year did see a doubling of corporate venture capital involvement, taking up 6 percent of the deals. As clear regulatory frameworks in Europe and Asia begin to develop, more institutional players are taking notice. Family **Last 60 Days of Bitcoin's Closing Prices:** [9729.80, 9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46, 8599.51, 8562.45, 8869.67, 8787.79, 8755.25, 9078.76, 9122.55, 8909.95, 8108.12, 7923.64, 7909.73, 7911.43, 4970.79, 5563.71, 5200.37, 5392.31, 5014.48, 5225.63, 5238.44, 6191.19, 6198.78, 6185.07, 5830.25, 6416.31, 6734.80, 6681.06, 6716.44, 6469.80, 6242.19, 5922.04, 6429.84, 6438.64, 6606.78, 6793.62, 6733.39, 6867.53, 6791.13] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-04-06 **Financial & Commodity Data:** - Gold Closing Price: $1677.00 - Crude Oil Closing Price: $26.08 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $124,289,435,688 - Hash Rate: 121029181.297817 - Transaction Count: 240259.0 - Unique Addresses: 452282.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.12 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: CME Group will close its Chicago trading floor at the end of the day on Friday,CNBC reportedWednesday. The derivatives exchange, which facilitates the trading of contracts tied to oil, agriculture products, and U.S. stocks, issaidto have made the decision out of precaution due to the spread of coronavirus. In a statement the exchange group said: "No coronavirus cases have been reported on the trading floor or in the Chicago Board of Trade building. The reopening of the trading floor will be evaluated as more medical guidance on the coronavirus becomes available." The company's headquarters will remain open, the statement added. Approximately 450 people trade or work with traders on CME's floor, according to a spokeswoman. CME is also one of the few exchanges in the U.S. that offers Bitcoin derivatives contracts, with the other notable one being Intercontinental Exchange-backed Bakkt. As of today, there are 1,107 confirmed cases of coronavirus in the U.S., with25in Illinois, CME's home state. Meanwhile, a spokesperson for New York Stock Exchange's parent company, ICE, said it had no plans to close its trading floor on Wall Street. There are more than 200 confirmed coronavirus cases inNew York. Frank Chaparro contributed reporting.... - 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.
7176.41, 7334.10, 7302.09, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80
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:** ['The World Economic Forum (WEF) said Monday that blockchain and digitization can help supply chains survive crises like COVID-19.\nIn aco-written blog postby WEF Head of Digital Trade Ziyang Fan and Rebecca Liao, executive vice president of blockchain enterprise firmSkuchain, the authors said this pandemic has forced many companies to grapple with their supply chains’ unexpected fragility, and prompted experts to reiterate “the need to obtain more visibility across the chain.”\nThat’s because many end-chain companies only knew their sourced parts’ immediate history, the authors wrote. “They usually have little to no knowledge of suppliers further up the chain,” and therefore little to no way of knowing if those unknowns are vulnerable to disruption.\nRelated:Your Crypto Startup Needs a Recession Strategy\nSee also:Why the World Economic Forum Is Creating a Blockchain ‘Bill of Rights’\nFan and Liao wrote blockchain would add such transparency without sacrificing corporate privacy. A properly built blockchain system would give broader access to relevant parties and also allow them to purchase supply chain data from their up-stream suppliers.\n“Blockchain is the ideal technology to ensure that data on performance and risk, which underpin all supply chain finance transactions, can be shared in an authenticated manner with financiers and other parties to a transaction, even when there is no direct relationship between them,” the authors wrote.\nSee also:8 US States Follow DHS in Naming ‘Blockchain Managers’ as Essential Employees in Coronavirus Crisis\nRelated:Bitcoin Community Funds Italian Red Cross Medical Facility to Combat Coronavirus\nRecord digitization is Fan’s and Liao’s other partial solution to this crisis. For one, digitized supply chain records are far more accessible than paper copies, which, in this age of shuttered offices and stay-at-home orders may well be out of reach.\nDigital-first companies and governments “are dealing with the supply chain disruptions much better than those without,” they wrote.\n• Nestlé Partners With Rainforest Alliance to Trace Coffee Beans\n• China Is Winning the Coronavirus Information War', 'The World Economic Forum (WEF) said Monday that blockchain and digitization can help supply chains survive crises like COVID-19. In a co-written blog post by WEF Head of Digital Trade Ziyang Fan and Rebecca Liao, executive vice president of blockchain enterprise firm Skuchain , the authors said this pandemic has forced many companies to grapple with their supply chains’ unexpected fragility, and prompted experts to reiterate “the need to obtain more visibility across the chain.” That’s because many end-chain companies only knew their sourced parts’ immediate history, the authors wrote. “They usually have little to no knowledge of suppliers further up the chain,” and therefore little to no way of knowing if those unknowns are vulnerable to disruption. Related: Your Crypto Startup Needs a Recession Strategy See also : Why the World Economic Forum Is Creating a Blockchain ‘Bill of Rights’ Fan and Liao wrote blockchain would add such transparency without sacrificing corporate privacy. A properly built blockchain system would give broader access to relevant parties and also allow them to purchase supply chain data from their up-stream suppliers. “Blockchain is the ideal technology to ensure that data on performance and risk, which underpin all supply chain finance transactions, can be shared in an authenticated manner with financiers and other parties to a transaction, even when there is no direct relationship between them,” the authors wrote. See also: 8 US States Follow DHS in Naming ‘Blockchain Managers’ as Essential Employees in Coronavirus Crisis Related: Bitcoin Community Funds Italian Red Cross Medical Facility to Combat Coronavirus Record digitization is Fan’s and Liao’s other partial solution to this crisis. For one, digitized supply chain records are far more accessible than paper copies, which, in this age of shuttered offices and stay-at-home orders may well be out of reach. Digital-first companies and governments “are dealing with the supply chain disruptions much better than those without,” they wrote. Related Stories Nestlé Partners With Rainforest Alliance to Trace Coffee Beans China Is Winning the Coronavirus Information War', 'Ether, the native cryptocurrency of the Ethereum network, has recorded its single biggest daily gain in over 20 days amid growing confidence in the platform, experts say. Ether (ETH) has been performing exceptionally well, thanks in large part to an April 6 close that saw the price finish up by 20 percent \x96 its highest single day gain since March 13. ETH is currently up 17.25 percent over a 24-hour period, having lost some ground in the early Asian hours of trading. Industry experts told CoinDesk the rise can likely be attributed to growing confidence in a planned system-wide upgrade known as Eth 2.0 slated for July 2020. Related: Bitcoin Tracks Stocks Up to $7.4K Before Sliding Back to $7.1K The 2.0 upgrade, often called Serenity , promises higher transaction throughput and a new security model under proof-of-stake (PoS). Eth 2.0 has been in development since 2015 but had failed to gain traction due to the highly technical expertise required to pursue it, until now. \x93From a developer standpoint, Ethereum is the most popular blockchain where most of the smart contract and dapp activity occurs,\x94 says Damien Brener, founder and CEO of OpenZeppelin, a leading security audit firm for Ethereum. \x93People are realizing that Ethereum\x92s network effects especially around community and composability (ETH smart contracts interacting with each other) are stronger than they thought, which might lead to increased trust in the platform and thus higher prices,\x94 Brener added. See also: Vitalik Buterin Explains the New Tech Behind Eth 2.0 (video) Related: Price Gap Between Sellers and Buyers Yawned During Bitcoin\x92s March Sell-Off, Study Finds Given the five-year development cycle for the Ethereum network, not a single challenger cryptocurrency has made a dent in ether\x92s leading position, according to Jehan Chu, co-founder and managing partner at Hong Kong-based blockchain investment and trading firm Kenetic, who echoed Brener\x92s sentiments. \x93Ethereum continues to be the veteran number two coin in crypto, and its recent price surge demonstrates traders\x92 long-term belief in its market position,\x94 Chu said. Story continues \x93Price aside, the real story is how Ethereum continues to march towards Eth 2.0 and resolving legitimate criticisms around network speed and scalability. In today\x92s environment, the name of the game is survival, and no protocol and developer community has survived at this high level better than Ethereum,\x94 Chu added. Related Stories First Mover: Bitcoin\x92s Back in the Black for 2020 Up 3%: Bitcoin Leaves S&P 500 Behind in Year-to-Date Recovery', 'Ether, the native cryptocurrency of the Ethereum network, has recorded its single biggest daily gain in over 20 days amid growing confidence in the platform, experts say.\nEther(ETH) has been performing exceptionally well, thanks in large part to an April 6 close that saw the price finish up by 20 percent – its highest single day gain since March 13. ETH is currently up 17.25 percent over a 24-hour period, having lost some ground in the early Asian hours of trading.\nIndustry experts told CoinDesk the rise can likely be attributed to growing confidence in a planned system-wide upgrade known as Eth 2.0slated for July 2020.\nRelated:Bitcoin Tracks Stocks Up to $7.4K Before Sliding Back to $7.1K\nThe 2.0 upgrade, oftencalled Serenity, promises higher transaction throughput and a new security model under proof-of-stake (PoS). Eth 2.0 has been in development since 2015 but had failed to gain traction due to the highly technical expertise required to pursue it, until now.\n“From a developer standpoint, Ethereum is the most popular blockchain where most of the smart contract and dapp activity occurs,” says Damien Brener, founder and CEO of OpenZeppelin, a leading security audit firm for Ethereum.\n“People are realizing that Ethereum’s network effects especially around community and composability (ETH smart contracts interacting with each other) are stronger than they thought, which might lead to increased trust in the platform and thus higher prices,” Brener added.\nSee also:Vitalik Buterin Explains the New Tech Behind Eth 2.0(video)\nRelated:Price Gap Between Sellers and Buyers Yawned During Bitcoin’s March Sell-Off, Study Finds\nGiven the five-year development cycle for the Ethereum network, not a single challenger cryptocurrency has made a dent in ether’s leading position, according to Jehan Chu, co-founder and managing partner at Hong Kong-based blockchain investment and trading firm Kenetic, who echoed Brener’s sentiments.\n“Ethereum continues to be the veteran number two coin in crypto, and its recent price surge demonstrates traders’ long-term belief in its market position,” Chu said.\n“Price aside, the real story is how Ethereum continues to march towards Eth 2.0 and resolving legitimate criticisms around network speed and scalability. In today’s environment, the name of the game is survival, and no protocol and developer community has survived at this high level better than Ethereum,” Chu added.\n• First Mover: Bitcoin’s Back in the Black for 2020\n• Up 3%: Bitcoin Leaves S&P 500 Behind in Year-to-Date Recovery', 'If the privacy and scaling upgrade Schnorr/Taproot makes it into bitcoin (BTC), it could pave the way for advanced and heretofore impossible projects. That is, as they say, good for bitcoin. Schnorr/Taproot has made a great deal of progress recently, moving from a theoretical privacy and scaling idea into actual code . But while the community is very excited about its future, the change is rather confusing. Why? Because it bundles together several diff **Last 60 Days of Bitcoin's Closing Prices:** [9795.94, 9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46, 8599.51, 8562.45, 8869.67, 8787.79, 8755.25, 9078.76, 9122.55, 8909.95, 8108.12, 7923.64, 7909.73, 7911.43, 4970.79, 5563.71, 5200.37, 5392.31, 5014.48, 5225.63, 5238.44, 6191.19, 6198.78, 6185.07, 5830.25, 6416.31, 6734.80, 6681.06, 6716.44, 6469.80, 6242.19, 5922.04, 6429.84, 6438.64, 6606.78, 6793.62, 6733.39, 6867.53, 6791.13, 7271.78] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-04-07 **Financial & Commodity Data:** - Gold Closing Price: $1664.80 - Crude Oil Closing Price: $23.63 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $134,739,010,006 - Hash Rate: 116188014.045904 - Transaction Count: 312770.0 - Unique Addresses: 598670.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.20 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: While millions of Americans are working from home amid the spread of coronavirus, remote work applications like Slack (work chat groups) and Zoom (video conferencing) are seeing a huge surge in users. And that’s boosting clothing sales for Walmart—but mostly of tops. Get it? That fact comes from Walmart’s EVP of corporate affairs Dan Bartlett on Yahoo Finance live on Thursday. “In one of your previous segments you were talking about people with Zoom, and doing those types of conferencing: We’re seeing increased sales in tops, but not bottoms. So, people who are concerned, obviously, from the waist up,” Bartlett said. “These behaviors are going to continue to change and evolve as people get accustomed to this new lifestyle, if you will. And we’re able to accommodate that, both online and in our stores.” Video conference. (Zoom) Bartlett said Walmart ( WMT ) is seeing “ massive volume ” right now in U.S. online orders and, in some states, in-store sales as well. “That will probably ebb and flow based on the news” in each state, Bartlett allowed. Walmart, like Target and Kroger , is also taking drastic steps in its stores to sanitize cash registers and keep customers six feet apart from each other in checkout lines. In addition to tops and cleaning products like Purell, Bartlett says Walmart is seeing a specific sales boost in home entertainment items like DVDs (they’re not dead yet), and crafting items like popsicle sticks. “I think we’ve sold over 30 million popsicle sticks,” Bartlett says. COCONUT CREEK, FL - MARCH 12: Shoppers stock up on groceries as they shop at Walmart during the Coronavirus (COVID-19) outbreak on March 12, 2020 in Coconut Creek , Florida. Credit: mpi04/MediaPunch /IPX While non-essential retail chains like Nike, Adidas, Lululemon, REI, Urban Outfitters, and many more have closed all their U.S. stores to quell the spread of coronavirus, Walmart is among the chains remaining open, since they sell groceries and medicine. Target, CVS, Walgreens, and many grocery chains also remain open. While many big companies have been forced to lay off millions of workers , Walmart last week said it planned to hire 150,000 new hourly associates in the U.S., and announced $550 million in cash bonuses to reward workers amid the coronavirus pandemic that has all but shut down the economy. Walmart was already considered one of the stocks that might see a boost during coronavirus, along with Costco, Clorox, and “stay-at-home” plays like Peloton, Slack, Zoom, and Netflix. Nonetheless, Walmart shares are down 10% over the past five trading days, and down 4% in the past month. — Daniel Roberts is an editor-at-large at Yahoo Finance. Follow him on Twitter at @ readDanwrite . Read more on how coronavirus is hitting a wide range of industries: Chef Tom Colicchio on coronavirus: Restaurants should stay closed, even for takeout Story continues Coronavirus puts 'extreme pressure' on all three pillars of Disney's business Movie theaters seek bailout as coronavirus devastates business Adidas CEO emailed store employees about coronavirus: ‘Closing is easy, staying open requires courage’ Bitcoin is crashing even more than stocks amid coronavirus 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.
7334.10, 7302.09, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18
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:** ["Investing.com - Ethereum fell bellow the $170.73 level on Wednesday. Ethereum was trading at 170.73 by 03:32 (07:32 GMT) on the Investing.com Index, down 0.01% on the day. It was the largest one-day percentage loss since April 8.\nThe move downwards pushed Ethereum's market cap down to $18.80B, or 0.00% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $135.58B.\nEthereum had traded in a range of $163.73 to $174.23 in the previous twenty-four hours.\nOver the past seven days, Ethereum has seen a rise in value, as it gained 28.13%. The volume of Ethereum traded in the twenty-four hours to time of writing was $20.88B or 0.00% of the total volume of all cryptocurrencies. It has traded in a range of $135.2631 to $175.7779 in the past 7 days.\nAt its current price, Ethereum is still down 88.00% from its all-time high of $1,423.20 set on January 13, 2018.\nBitcoin was last at $7,303.6 on the Investing.com Index, down 1.02% on the day.\nXRP was trading at $0.19965 on the Investing.com Index, a loss of 0.82%.\nBitcoin's market cap was last at $133.46B or 0.00% of the total cryptocurrency market cap, while XRP's market cap totaled $8.73B or 0.00% of the total cryptocurrency market value.\nRelated Articles\nCooking Mama Developer Denies Rumours it Mines Crypto\nBitcoin SV’s Social Platform Twetch Streamlines P2P Payments\nUFC Fighter Changes Twitter Name to Promote Bitcoin Halving", "Investing.com - Ethereum fell bellow the $170.73 level on Wednesday. Ethereum was trading at 170.73 by 03:32 (07:32 GMT) on the Investing.com Index, down 0.01% on the day. It was the largest one-day percentage loss since April 8. The move downwards pushed Ethereum's market cap down to $18.80B, or 0.00% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $135.58B. Ethereum had traded in a range of $163.73 to $174.23 in the previous twenty-four hours. Over the past seven days, Ethereum has seen a rise in value, as it gained 28.13%. The volume of Ethereum traded in the twenty-four hours to time of writing was $20.88B or 0.00% of the total volume of all cryptocurrencies. It has traded in a range of $135.2631 to $175.7779 in the past 7 days. At its current price, Ethereum is still down 88.00% from its all-time high of $1,423.20 set on January 13, 2018. Elsewhere in cryptocurrency trading Bitcoin was last at $7,303.6 on the Investing.com Index, down 1.02% on the day. XRP was trading at $0.19965 on the Investing.com Index, a loss of 0.82%. Bitcoin's market cap was last at $133.46B or 0.00% of the total cryptocurrency market cap, while XRP's market cap totaled $8.73B or 0.00% of the total cryptocurrency market value. Related Articles Cooking Mama Developer Denies Rumours it Mines Crypto Bitcoin SV\x92s Social Platform Twetch Streamlines P2P Payments UFC Fighter Changes Twitter Name to Promote Bitcoin Halving", 'Bitcoin fell by 1.87% on Tuesday. Partially reversing an 8.25% rally from Monday, Bitcoin ended the day at $7,203.0.\nA choppy start to the day saw Bitcoin rise to an early morning intraday high $7,454.3 before easing back.\nFalling short of the first major resistance level at $7,544.7, Bitcoin slipped to a morning low $7,237.4 before finding support.\nSteering clear of the first major support level at $6,955.4, Bitcoin recovered to $7,400 levels before hitting reverse.\nThe reversal saw Bitcoin slide to a late intraday low $7,088 before finding support.\nSteering clear of the first major support level, Bitcoin recovered to $7,200 levels to limit the loss on the day.\nThe near-term bearish trend, formed at late June 2019’s swing hi $13,764.0, remained firmly intact, reaffirmed by the March swing lo $4,000.\nFor the bulls, Bitcoin would need to break out from $10,000 levels to form a near-term bullish trend.\nAcross the rest of the majors, it was also a mixed day on Tuesday.\nTezos bucked the trend on the day, rising by 2.21%, while the rest of the pack saw red.\nMonero’s XMR (-5.85%), EOS (-4.66%), and Ethereum (-4.07%) led the way down.\nBinance Coin (-3.16%), Bitcoin Cash ABC (-3.03%), Bitcoin Cash SV (-3.75%), Ripple’s XRP (-2.57%), Stellar’s Lumen (-2.73%), and Tron’s TRX (-3.60%) also saw heavy losses.\nCardano’s ADA (-1.82%) and Litecoin (-0.71%) saw relatively modest losses on the day.\nThrough the start of the week, the crypto total market cap rose from a Monday low $190.55bn to a Tuesday high $211.57bn. At the time of writing, the total market cap stood at $208.58bn.\nBitcoin’s dominance continued to ease back from 65% levels last seen on Monday. At the time of writing, Bitcoin’s dominance stood at 64.1%.\n24-hour trading volumes recovered from sub-$100bn levels to hit $171bn levels on Tuesday before easing back. At the time of writing, 24-hr volumes stood at $153.73bn.\nAt the time of writing, Bitcoin was up by 2.07% to $7,351.9. A bullish start to the day saw Bitcoin rise from an early morning low $7,151.6 to a high $7,393.1.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was also a bullish start to the day for the crypto majors.\nBitcoin Cash ABC and Bitcoin Cash SV led the way with gains of 8.92% and 15.73% respectively.\nBitcoin would need to move back through the morning high $7,393.1 to bring the first major resistance level at $7,408.87 into play.\nSupport from the broader market would be needed, however, for Bitcoin to break back through to $7,400 levels\nBarring another crypto rally, the first major resistance level and Tuesday’s high $7,454.3 would likely pin Bitcoin back.\nFailure to move back through the morning high could see Bitcoin hit reverse.\nA fall back through to sub-$7,250 levels would bring the first major support level at $7,042.57 into play.\nBarring a crypto meltdown, however, Bitcoin should steer of sub-$7,000 levels.\nThisarticlewas originally posted on FX Empire\n• EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 08/04/20\n• Toilet Paper Hoarding Pushes Investors to Grab ‘Ahold’ of Stocks\n• The Crypto Daily – Movers and Shakers -08/04/20\n• That Can Be a Very Important Day for Global Indices!\n• The Greenback Finds Early Support ahead of Today’s FOMC Meeting Minutes\n• EUR/USD Daily Forecast – Euro Retreats as Equity Market Rally Loses Steam', 'Bitcoin fell by 1.87% on Tuesday. Partially reversing an 8.25% rally from Monday, Bitcoin ended the day at $7,203.0. A choppy start to the day saw Bitcoin rise to an early morning intraday high $7,454.3 before easing back. Falling short of the first major resistance level at $7,544.7, Bitcoin slipped to a morning low $7,237.4 before finding support. Steering clear of the first major support level at $6,955.4, Bitcoin recovered to $7,400 levels before hitting reverse. The reversal saw Bitcoin slide to a late intraday low $7,088 before finding support. Steering clear of the first major support level, Bitcoin recovered to $7,200 levels to limit the loss on the day. The near-term bearish trend, formed at late June 2019’s swing hi $13,764.0, remained firmly intact, reaffirmed by the March swing lo $4,000. For the bulls, Bitcoin would need to break out from $10,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the majors, it was also a mixed day on Tuesday. Tezos bucked the trend on the day, rising by 2.21%, while the rest of the pack saw red. Monero’s XMR (-5.85%), EOS (-4.66%), and Ethereum (-4.07%) led the way down. Binance Coin (-3.16%), Bitcoin Cash ABC (-3.03%), Bitcoin Cash SV (-3.75%), Ripple’s XRP (-2.57%), Stellar’s Lumen (-2.73%), and Tron’s TRX (-3.60%) also saw heavy losses. Cardano’s ADA (-1.82%) and Litecoin (-0.71%) saw relatively modest losses on the day. Through the start of the week, the crypto total market cap rose from a Monday low $190.55bn to a Tuesday high $211.57bn. At the time of writing, the total market cap stood at $208.58bn. Bitcoin’s dominance continued to ease back from 65% levels last seen on Monday. At the time of writing, Bitcoin’s dominance stood at 64.1%. 24-hour trading volumes recovered from sub-$100bn levels to hit $171bn levels on Tuesday before easing back. At the time of writing, 24-hr volumes stood at $153.73bn. Story continues This Morning At the time of writing, Bitcoin was up by 2.07% to $7,351.9. A bullish start to the day saw Bitcoin rise from an early morning low $7,151.6 to a high $7,393.1. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was also a bullish start to the day for the crypto majors. Bitcoin Cash ABC and Bitcoin Cash SV led the way with gains of 8.92% and 15.73% respectively. For the Bitcoin Day Ahead Bitcoin would need to move back through the morning high $7,393.1 to bring the first major resistance level at $7,408.87 into play. Support from the broader market would be needed, however, for Bitcoin to break back through to $7,400 levels Barring another crypto rally, the first major resistance level and Tuesday’s high $7,454.3 would likely pin Bitcoin back. Failure to move back through the morning high could see Bitcoin hit reverse. A fall back through to sub-$7,250 levels would bring the first major support level at $7,042.57 into play. Barring a crypto meltdown, however, Bitcoin should steer of sub-$7,000 levels. This article was originally posted on FX Empire More From FXEMPIRE: EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 08/04/20 Toilet Paper Hoarding Pushes Investors to Grab ‘Ahold’ of Stocks The Crypto Daily – Movers and Shakers -08/04/20 That Can Be a Very Important Day for Global Indices! The Greenback Finds Early Support ahead of Today’s FOMC Meeting Minutes EUR/USD Daily Forecast – Euro Retreats as Equity Market Rally Loses Steam', 'UPDATE: 10:15 A.M. EDT: In subsequent blog post , the Bisq team said that "about 24 hours ago, we discovered that an attacker was able to exploit a flaw in the Bisq trade protocol, targeting individual trades in order to steal trading capital." The team went on to explain: "W **Last 60 Days of Bitcoin's Closing Prices:** [9865.12, 10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46, 8599.51, 8562.45, 8869.67, 8787.79, 8755.25, 9078.76, 9122.55, 8909.95, 8108.12, 7923.64, 7909.73, 7911.43, 4970.79, 5563.71, 5200.37, 5392.31, 5014.48, 5225.63, 5238.44, 6191.19, 6198.78, 6185.07, 5830.25, 6416.31, 6734.80, 6681.06, 6716.44, 6469.80, 6242.19, 5922.04, 6429.84, 6438.64, 6606.78, 6793.62, 6733.39, 6867.53, 6791.13, 7271.78, 7176.41] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-04-08 **Financial & Commodity Data:** - Gold Closing Price: $1665.40 - Crude Oil Closing Price: $25.09 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $134,739,010,006 - Hash Rate: 116188014.045904 - Transaction Count: 312770.0 - Unique Addresses: 598670.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.21 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: “It’s exactly whybitcoin(BTC) was created,” Michael Novogratz, CEO of the cryptocurrency-focused investment firm Galaxy Digital, told CNBC last week. It’s a common refrain heard these days from bitcoin bulls: The U.S. dollar and other currencies will eventually be debased by the injections of trillions of dollars of coronavirus-related aid and monetary stimulus by governments and central banks. That should, theoretically, strengthen the case for bitcoin, the oldest and largest cryptocurrency, as a hedge against inflation. You’re readingFirst Mover, CoinDesk’s daily markets newsletter. Assembled by the CoinDesk Markets Team, First Mover starts your day with the most up-to-date sentiment around crypto markets, which of course never close, putting in context every wild swing in bitcoin and more. We follow the money so you don’t have to. You cansubscribe here. Related:Blockchain Bites: Major Crypto Players Sued, Steem Froze Accounts and More Such predictions might eventually come true, but for now bitcoin investors are stuck in a holding pattern: The cryptocurrency pushed above $7,000 on Monday, but for the past couple weeks it has struggled to hold that level, which it hasn’t reliably traded above since early March. “A nice recovery from the lows leaves investors hopeful,” cryptocurrency analysis firmArcane Research wrote Friday in a report. “However, this is not yet reflected in the market sentiment.” Any inflation stemming from fiscal and monetary stimulus could take a while to appear – partly because of higher unemployment and a drop-off in economic demand could relieve upward pressure on consumer prices in the near term. In the U.S. alone, roughly 10 million new unemployment claims were filed during the last two full weeks of March, and JPMorgan economists predict that a report this week will reveal another seven million claims were filed last week. Bank of America says the lack of an effective policy response to control the spread of the virus will push 2020 global growth to a contraction of 2.7 percent, instead of an expansion of 0.3 percent. Nic Carter, a partner at Castle Island Ventures and co-founder of the blockchain analytics startup CoinMetrics, wrote last week for CoinDesk that the devaluation of money “does not happen immediately, but over time.” Related:Introducing CoinDesk’s All-New Newsletters The 2008 financial crisis prompted the Federal Reserve to double total assets in a matter of weeks, and then doubled the size of the balance sheet again to more than $4 trillion over the next few years. But it took the money supply, as measured by M2, more than 12 years to double, at least partly because of low demand for loans in the years after the crisis. The bitcoin market’s tepid reaction thus far to the Federal Reserve’s announcement of essentiallyunbounded quantitative easingmight disappoint some bitcoiners who are looking for a faster pump. Sylvain Saurel, author of the blogIn Bitcoin We Trust, wrote last week that a separate move by U.S. regulators to reduce bank reserve requirements could lead to new money creation “ad infinitum.” “This unprecedented currency devaluation in such a short period of time has been decided by the Federal Reserve in a totally arbitrary manner,” Saurel wrote. His conclusion, essentially, was that people should buy bitcoin. Jay Hao, CEO of the Malta-based cryptocurrency exchange OKEx, wrote last weekin a blog postthat “more proactive measures” would be needed beyond “QE infinity.” Those could include a new “super-sovereign currency” to address trade and economic imbalances created by the U.S. dollar’s dominant role in global finance. “At present, bitcoin possesses the characteristics of a super-sovereign currency,” Hao wrote. The investment narrative that bitcoin is a “harder” currency than U.S. dollars and is getting additional traction from next month’s “halving” on the bitcoin blockchain – the once-every-four-years occurrence by which the pace of issuance of new units of the cryptocurrency gets cut in half. Traders are expected to get a chance this week to observe how prices of two bitcoin-offshoot cryptocurrencies, Bitcoin SV (BSV) and Bitcoin Cash (BCH), perform as they go through their own quadrennial halvings. Some analysts said last month that bitcoin was trading in sync with U.S. stocks. That was seen as a sign that some investors were selling the cryptocurrency as part of anindiscriminate flight to safety– into dollars. Olga Feldmeier, CEO of the digital-asset exchange Smart Valor and a self-described “outright bitcoin maximalist,” says bitcoin’s price plunge earlier this year undercuts hopes that the cryptocurrency would serve as a safe-haven asset in times of market turmoil. She instead recommended “tokenized gold” – digital tokens like the Pax Gold (PAXG) – that offer a crypto-friendly way of investing in the yellow metal, long seen as a reliable inflation hedge. Kraken, a San Francisco-based cryptocurrency exchange, noted in an April 4blog postthat the volume of PAXG trading on its platform surged to $13 million in March, a six-fold increase from February levels. “Kraken clients appear to see PAXG as a safe haven of late since it is backed by gold, which typically acts as a safe haven amidst economic uncertainty,” according to the post. But there are some indications that bitcoin might be trading more like gold in recent weeks. VanEck, a money-management firm that offers a bitcoin trust to qualified institutional buyers, saysbitcoin’s price correlation with gold jumped to 0.47during the last couple weeks of March, from an average 0.03 over the past eight years. (A correlation of 1 implies perfect synchronicity.) The next couple months could prove pivotal for bitcoin as the U.S. suffers theworst stretch of the pandemic’s health crisisand moves into the economic-recovery phase. Nancy Pelosi, speaker of the U.S. House of Representatives, told CNBC last week the recently passed $2 trillion aid packagewould not be enough. Treasury Secretary Steven Mnuchin said he wouldask Congress for more moneyif a $350 billion pool for small businesses runs out. “More bazookas needed,” executives for the Wall Street dealer Jefferies wrote Friday in an open letter to clients and colleagues. Is bitcoin the real digital gold? With more financial “bazookas” getting hoisted into position, cryptocurrency markets will serve as the proving ground. “Many Bitcoin advocates think it will prove to be a better long-term store of value than gold,” according to the Kraken blog post. “Only time will tell.” Editor’s caveat: No idea if this $20 “Bitcoin Logo V2 Neck Gaiter Face Mask” is real. If so the free publicity here does NOT represent an endorsement. It seems like a high price for a mostly polyester bandana. But it certainly is a sign of the times. Bitcoin is again looking to establish a strong foothold above $7,000, having tested dip demand with a pullback to $6,600 over the weekend. The cryptocurrency printed a high above $7,100 early Monday and is currently changing hands around $7,090. The bulls have repeatedly failed to keep gains above the $7,000 mark over the last three weeks, forcing investors to question the sustainability of recovery rally from the March 19 low of $3,867. Even so, the bias remains bullish, as a pennant breakout confirmed April 2 is still intact. As a result, the cryptocurrency remains on the hunt for a test of the descending 50-day average, currently at $7,522. If the upside break of $7,000 resistance again proves to be short-lived, the immediate bullish outlook would be neutralized. The bias would turn bearish if prices fall below support at the weekend low of $6,610. That would open the doors to the higher low of $5,856 created March 30. • How to Spot Bitcoin’s Golden or Death Cross Using Simple Moving Averages • Bitcoin Falls Through Key Average as Traditional Markets Hit Record Highs... - Reddit Posts (Sample): [['u/jstolfi', 'Mining pools shutting down', 56, '2020-04-08 00:24', 'https://www.reddit.com/r/Buttcoin/comments/fwu43z/mining_pools_shutting_down/', '[Chinese mining pool BytePool shuts down.](https://decrypt.co/24844/chinese-bitcoin-mining-operator-shutters-major-pool-profitability-tanks)\n\n[BitFury, once one of the largest pools, has apparently evaporated.](https://www.blockchain.com/charts/pools)', 'https://www.reddit.com/r/Buttcoin/comments/fwu43z/mining_pools_shutting_down/', 'fwu43z', [['u/SnapshillBot', 31, '2020-04-08 00:24', 'https://www.reddit.com/r/Buttcoin/comments/fwu43z/mining_pools_shutting_down/fmqeur3/', 'I fired up a Bitcoin miner for the first time today. It feels like losing your virginity after years of watching porn.\n\nSnapshots:\n\n1. Mining pools shutting down - [archive.org](https://web.archive.org/20200407222434/http://old.reddit.com/r/Buttcoin/comments/fwu43z/mining_pools_shutting_down/), [archive.today](https://archive.today/wip)\n\n2. Chinese mining pool BytePool shuts ... - [archive.org](https://web.archive.org/20200407222435/https://decrypt.co/24844/chinese-bitcoin-mining-operator-shutters-major-pool-profitability-tanks), [archive.today](https://archive.today/wip)\n\n3. BitFury, once one of the largest po... - [archive.org](https://web.archive.org/20200407222436/https://www.blockchain.com/charts/pools), [archive.today](https://archive.today/wip)\n\n\n\n*I am just a simple bot, **not** a moderator of this subreddit* | [*bot subreddit*](/r/SnapshillBot) | [*contact the maintainers*](/message/compose?to=\\/r\\/SnapshillBot)', 'fwu43z'], ['u/spookmann', 25, '2020-04-08 01:35', 'https://www.reddit.com/r/Buttcoin/comments/fwu43z/mining_pools_shutting_down/fmqmg66/', 'So... it currently only takes three people to decide to co-operate to do whatever they want with BTC.\n\nThis is... good for BitCoin!', 'fwu43z'], ['u/CrimsonSultan', 27, '2020-04-08 01:56', 'https://www.reddit.com/r/Buttcoin/comments/fwu43z/mining_pools_shutting_down/fmqoozm/', 'dump ze chinese miner\n\nload COVID-19 Stage 3', 'fwu43z'], ['u/Crypto_To_The_Core', 21, '2020-04-08 02:00', 'https://www.reddit.com/r/Buttcoin/comments/fwu43z/mining_pools_shutting_down/fmqp0bx/', 'But think of the life long crypto-friends they made along the way ...', 'fwu43z'], ['u/happyscrappy', 40, '2020-04-08 02:12', 'https://www.reddit.com/r/Buttcoin/comments/fwu43z/mining_pools_shutting_down/fmqq9yo/', 'This is good for bitcoin.\n\nThe reward halving is going to be incredibly good for bitcoin.', 'fwu43z'], ['u/sanjeev-malhotra1', 11, '2020-04-08 04:24', 'https://www.reddit.com/r/Buttcoin/comments/fwu43z/mining_pools_shutting_down/fmr2yup/', "I'm trying to not smile at this.", 'fwu43z'], ['u/SnoweCat7', 19, '2020-04-08 08:57', 'https://www.reddit.com/r/Buttcoin/comments/fwu43z/mining_pools_shutting_down/fmrns6e/', "It's not a problem at all, for us no-coiners.", 'fwu43z'], ['u/Cthulhooo', 14, '2020-04-08 09:32', 'https://www.reddit.com/r/Buttcoin/comments/fwu43z/mining_pools_shutting_down/fmrpw6k/', "So according to this article profitability dropped 50% from August to December and then dropped 50% again because covid dumping ensued. Now this is unexpected. Double halving and on top of that a third one is coming?\n\nThat's a 3 for 1 special. More overleveraged, indebted, overextended hopium huffing miners without newest monster machines will go down. [Like these guys.](https://www.coindesk.com/childhood-friends-battle-over-ownership-of-north-americas-largest-bitcoin-mine) At least one of the partners had enough sense to be sceptical but he was shut down by his partner, a hopeless hopium addict. This is going to be funny.", 'fwu43z'], ['u/Mediocre_Attitude', 15, '2020-04-08 10:12', 'https://www.reddit.com/r/Buttcoin/comments/fwu43z/mining_pools_shutting_down/fmrs6nm/', 'The Code of Deductive Logic, the only weapon you need to serve Satoshi on His Interstellar Comet', 'fwu43z'], ['u/Heywood12', 11, '2020-04-08 10:23', 'https://www.reddit.com/r/Buttcoin/comments/fwu43z/mining_pools_shutting_down/fmrsvdg/', 'The death of cryptocoin might be the **one** silver lining in this socio-medical fiasco.', 'fwu43z'], ['u/alucard291', 10, '2020-04-08 10:58', 'https://www.reddit.com/r/Buttcoin/comments/fwu43z/mining_pools_shutting_down/fmruw2m/', 'Can you answer one question for me please?\n\n"Do you really think that most people here (have to account for that one moron that will be the exception) care enough about your little religion to try to change your mind?"\n\nYou lot? You\'ve got a faith, a belief system even some prophets and a bloody holy script. And if there\'s anything that I\'ve learnt over the years is that there\'s no point arguing with a "believer" or a shill (you can choose which one you are). So I prefer to point and laugh.', 'fwu43z'], ['u/NonnoBomba', 12, '2020-04-08 11:23', 'https://www.reddit.com/r/Buttcoin/comments/fwu43z/mining_pools_shutting_down/fmrw9ax/', "&gt; Why do you folks suppose this is a problem?\n\nIt's not a problem at all. Quite the contrary: it's a source of entertainment, nothing more, nothing less.", 'fwu43z'], ['u/NonnoBomba', 10, '2020-04-08 12:02', 'https://www.reddit.com/r/Buttcoin/comments/fwu43z/mining_pools_shutting_down/fmrygsc/', "&gt; omg! i just realized\n\n...in fact, you completely missed the whole point. As expected.\n\nWe're not here to debate deluded morons, we're here to expose you and to encourage you to keep publicly embarassing yourselves.\n\nSo far, I'd say, it is working.", 'fwu43z'], ['u/NonnoBomba', 13, '2020-04-08 12:04', 'https://www.reddit.com/r/Buttcoin/comments/fwu43z/mining_pools_shutting_down/fmryksf/', "Sorry. There is no such thing a as a problem for Bitcoin.\n\nEverything is good for bitcoin, haven't you got the memo?", 'fwu43z'], ['u/jstolfi', 11, '2020-04-08 13:12', 'https://www.reddit.com/r/Buttcoin/comments/fwu43z/mining_pools_shutting_down/fms2i6f/', "The hashsrate does not have direct impact on price. But the economic recession may kill crypto by crashing the price and keeping it down long enough for people to lose faith in it. \n\nOn the other hand, if the hashrate drops too much, there will be more idle hashpower than active one. If the owners of that idle hashpower have not recovered their investment yet, they could be tempted to use it to play dirty tricks, e. g. after shorting the coin. The mere possibility of that happening should erode the coin's value.\n\nOn the third hand, this conjecture assumes that butters have something resembling rational thought. But if they had any of it, they would not be butters...", 'fwu43z'], ['u/jstolfi', 11, '2020-04-08 13:35', 'https://www.reddit.com/r/Buttcoin/comments/fwu43z/mining_pools_shutting_down/fms3w8u/', 'I see that you have fallen for the "the miner death spiral is just a meme" meme.', 'fwu43z']]], ['u/Texugo_do_mel', '18,300,000 btc mined', 99, '2020-04-08 00:52', 'https://www.reddit.com/r/Bitcoin/comments/fwulek/18300000_btc_mined/', ' This is more than 87% of the total amount of btc that will ever be in circulation.', 'https://www.reddit.com/r/Bitcoin/comments/fwulek/18300000_btc_mined/', 'fwulek', [['u/[deleted]', 20, '2020-04-08 00:57', 'https://www.reddit.com/r/Bitcoin/comments/fwulek/18300000_btc_mined/fmqihch/', 'Thanks for the update.\n\nCan we get another one at 18,400,000?', 'fwulek'], ['u/Texugo_do_mel', 23, '2020-04-08 01:02', 'https://www.reddit.com/r/Bitcoin/comments/fwulek/18300000_btc_mined/fmqiyhj/', 'I did this previously when it was at 18,200,000. I will try to do this again! 🙂', 'fwulek'], ['u/TheGreatMuffin', 44, '2020-04-08 01:40', 'https://www.reddit.com/r/Bitcoin/comments/fwulek/18300000_btc_mined/fmqn1f9/', "... and how do you know without trusting any third party (blockexplorer etc)? \n\nBy entering `bitcoin-cli gettxoutsetinfo` on your own node, that's how :)", 'fwulek'], ['u/cheese4brains', 19, '2020-04-08 06:20', 'https://www.reddit.com/r/Bitcoin/comments/fwulek/18300000_btc_mined/fmrcwcg/', 'This guy nodes.', 'fwulek']]], ['u/Dashover', 'For Trading April 8th', 40, '2020-04-08 03:06', 'https://www.reddit.com/r/options/comments/fwwrrs/for_trading_april_8th/', '\nFor Trading April 8th\n \n \nSTOCKS RUN OUT OF GAS\n \nOil Falls, Again\n \n \nToday was a somewhat “restive” day, and while we moved for a total of over 315 S&amp;P-500 points, it felt pretty good to have a barely changed day. The DJIA went from +937 to close 1,000 lower @-26.13 (.12%), NASDAQ -25.98 (.33%), S&amp;P 500 -4.27 (.19%), the Russell +.39 (.03%) and the DJ Transports +27.80 (.35%). Market internals were about as you would expect for an unchanged day with NYSE A/D 2.3:1 and NASDAQ 1.3:1 with an increase in volume. DJIA was 15:15 with NO triple-digit gains or losses and the leader, GS +53 DP’s with the losers BA -49, PG -34, and WMT -27 DP’s. The strongest groups Energy (although the oil fell 7%, Financials, real estate, materials and industrials. Consumer staples and health care were weak. The early strength was from the possible leveling off of the virus cases and the momentum from yesterday. The large cap technology names were weak from the start, but it’s awfully hard to top the day AAPL had yesterday +21.00 (8.72%). But the group gave up whatever gains it had by late afternoon with the only gainers being TSLA, FB, and AMZN (up only .40%). The interesting thing today was the fact that the US$ was weak (-.8%) but both Oil and Gold were also lower. This is tonight’s closing comment: https://youtu.be/8HoUm75j8Eg\n \n \nOur “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 1400 membe... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
7302.09, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67
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:** ["NEW YORK, NY / ACCESSWIRE / April 8, 2020 /Beginning April 1st, Bione exchange has brought on Eric Ma as the new CEO. Previously the Global Community Manager for CoinMarketCap, Mr. Ma will bring his experiences to help Bione expand internationally. Mr. Ma has accepted to participate in this interview to discuss the challenges and opportunities that he'll face as CEO of Bione.HL:Can you give me a general introduction of Bione, the exchange you are now CEO of?\nEM: First off, I'm very honored to have this opportunity. I'm also very excited to be working with the Bione team to expand internationally! Bione was founded in May 2018 and is a rapidly growing crypto-to-crypto exchange registered in Singapore with offices around the world in the U.S., Canada, Estonia and Taiwan. We obtained a tier-1 financial MSB (Money Services Business) license which is regulated and issued by FinCEN (Financial Crimes Enforcement Network) in the United States. With our steady growth of users and community, we constantly give ourselves the pressure of providing more tools and services to them. Bione has done a great job thus far establishing themselves in the industry and we're now ready to expand internationally to serve the ever growing crypto industry.\nThe exchange plans to provide its users with an all-in-one solution, including trading pairs exchange, fiat-token trading, futures trading, market information, and a series of innovative financial derivatives, such as crypto asset custody, crypto asset saving, and DeFi (Open Finance) services.\nHL:What do you think is the core competence of Bione exchange?\nEM: I believe users will find our website easy to use. We're still making tweaks in our UI to increase user experience satisfaction. I also believe a company's competences are all interconnected. With a responsive customer support system, any questions or issues are dealt with quickly by our team. So if something on the site doesn't work well, it's fixed. If feedback is given, we take it to heart and try to implement it if we think it's good for our users. We may not be perfect, but our intentions are always good and we try to be helpful at all times. We spend a lot of our resources on the security of our platform. We've achieved ISO 27001 information security standards across the entire trading platform. It gets quite technical but there are 114 control points covering how information is brought in, managed and maintained. As a user of the Bione platform myself, I want to make sure my funds as well as the funds of all Bione users are SAFU.\nOne of the most criticized parts of cryptocurrency exchanges is the quality of the customer service. Some of these problems include slow withdrawals, frequent login issues, slow customer service responses, thin transaction data, poor API stability and slow response when the multi-factor authentication (MFA) needs to be reset which could result in substantial financial losses for customers. Bione wants to be an industry leader in solving these issues.\nHL:Do you have some big activity or plan in mind regarding the exchange?\nWe've been focused on foundation building and operations the past couple years. We're now ready to expand and be more public in terms of BD and Marketing. Our team is now focused on being a tier one exchange. We're continuing to improve our platform and services offered and plan to innovate and drive for the mainstream adoption of crypto around the world. We may never catch up to the likes of Binance or Coinbase, but we'll position ourselves as a great alternative to them for the crypto community.\nBione aims at being a reliable exchange with the robust technical capacity to implement upgrades and solve technical issues. It values security and understands the importance of having a dedicated professional security team and being ahead of hacking trends. The importance of a healthy trading depth, allowing the exchange to withstand large transactions without big fluctuations, and making sure user funds are safe are at the top of Bione's priorities. Bione's efficient matching algorithm for trade engines is key in price discovery and user experience.\nHL:What do you think about the industry this year? Some people think BTC and possible other digital assets will become a safe haven to the coming recession, others think the market is still very speculative susceptible to be influenced by movements in the equities, commodities and forex markets. Where do you position yourself between these two narratives?\nEM: That's a tough question. The accurate answer is nobody really knows. To me, crypto has not yet proven itself to be a safe haven or hedge to traditional finance the way gold has. I do believe though that crypto has the most upside compared to all the other markets in the world based on how early the industry is in its overall timeline. So if you're looking for short term security, crypto is probably not your best bet. Long term wise though, it's a very good bet. With that said, it certainly is still very speculative and susceptible to other factors including influences from major holders of BTC and traditional market influencers. I'm going to place myself somewhere in between the two narratives because both sides absolutely have their argument points. I sense that this year may still be slow in terms of price growth, but the good news is that the industry itself is continuously building and improving. That hasn't stopped. I have no doubts that crypto will continue to grow and more money will flow into the cryptosphere. We'll be in a bull market again before you know it.\nIn order to protect the bulk of our user funds Bione will have the option of complete offline storage (cold wallet) and private key isolation management. Assets will be stored in batches on multiple offline enterprise-level cold wallets. The cold wallets' private keys will also be isolated and managed offline. Only key people within Bione's management team have clearance to access these private keys.\nHL:What is the biggest challenge you might face right now?\nEM: The biggest challenge is often ourselves. It might sound cliche, but believing in ourselves is the most powerful advice our leaders at Bione give to our team. Oftentimes people like to blame external factors for their own shortcomings, however, humans are amazing and can accomplish anything we set our minds to. I will always encourage the Bione team to reach the goals we set and discourage making excuses for why certain goals aren't met. We try to inspire each other and help each other find the drive needed to achieve great things together regardless of what the market looks like. We're focused right now on finding new ways to improve our platform and bring in more users globally. Hopefully the current pandemic will soon end and the world can return back to normal.\nBione has adopted a series of measures to effectively increase the trading depth of the platform. The core technology used is BLH (Bione Lightning Hand), which is a layer-2 lightning network memory matching technology. This can enable thematching engine to process any trade with a result in less than 850 milliseconds. This means that our matching engine can match tens of thousands of orders simultaneously.\nHL:Could you please give your overall vision for your exchange in the near future?\nEM: Bione will be one of the most trusted exchanges in the future with users from all over the world. We hope to build partnerships with key players in the industry so that we could provide a multi-faceted platform which will serve more than just the trading of crypto but other services that will benefit our users.\nOne of Bione's most attractive models is its BIC repurchase model. After BIC goes online, 100% of the trading fee income generated by platform mining will be used to repurchase BIC during the mining period by Bione. The repurchased BIC will be burned by Bione. Users can check via Bione's official website to ensure transparency until the total destruction of 100 million BIC.\nHL.Where do you see the crypto market in the long term?\nEM: We are still early in the overall timeline for cryptocurrency. We're like at an early adolescent stage of crypto. We just started learning new skills, discovering new challenges, thinking critically about issues and beginning to build relationships with other industries. We've got a long way to go still. We'll need more institutional money to enter the space and the support of governments around the world to further the credibility of cryptocurrencies. Above all, educating the general public about crypto and generating even more interest in crypto will eventually drive up the overall demand of cryptocurrency.\nWith its focus on security, reliability and transparency, Bione is determined to be among the list of exchanges leading the financial revolution which is already starting to take place. Given the current circumstances in the global markets, people around the world will start paying more attention to blockchain technologies and decentralized financial systems. Bione is positioning themselves to take on this golden opportunity.\nPlease follow us on our social media:https://t.me/BIONE_EXhttps://twitter.com/BioneExchangehttps://www.facebook.com/ExchangeBIONE\nCONTACT\nBione\nMr. Eric [email protected]: +8615153242431\nSOURCE: Bione\nView source version on accesswire.com:https://www.accesswire.com/584523/Bione-Announces-New-CEO-to-Lead-Crypto-Exchange", "NEW YORK, NY / ACCESSWIRE / April 8, 2020 / Beginning April 1 st , Bione exchange has brought on Eric Ma as the new CEO. Previously the Global Community Manager for CoinMarketCap, Mr. Ma will bring his experiences to help Bione expand internationally. Mr. Ma has accepted to participate in this interview to discuss the challenges and opportunities that he'll face as CEO of Bione. HL: Can you give me a general introduction of Bione, the exchange you are now CEO of? EM: First off, I'm very honored to have **Last 60 Days of Bitcoin's Closing Prices:** [10116.67, 9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46, 8599.51, 8562.45, 8869.67, 8787.79, 8755.25, 9078.76, 9122.55, 8909.95, 8108.12, 7923.64, 7909.73, 7911.43, 4970.79, 5563.71, 5200.37, 5392.31, 5014.48, 5225.63, 5238.44, 6191.19, 6198.78, 6185.07, 5830.25, 6416.31, 6734.80, 6681.06, 6716.44, 6469.80, 6242.19, 5922.04, 6429.84, 6438.64, 6606.78, 6793.62, 6733.39, 6867.53, 6791.13, 7271.78, 7176.41, 7334.10] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-04-09 **Financial & Commodity Data:** - Gold Closing Price: $1736.20 - Crude Oil Closing Price: $22.76 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $134,739,010,006 - Hash Rate: 112650577.826398 - Transaction Count: 286706.0 - Unique Addresses: 544185.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.22 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: The U.S. may soon get its first dedicated bank for digital assets. A Wyoming corporation founded by blockchain legislative champion and Wall Street veteran Caitlin Long is preparing to apply for a special purpose depository institution (SPDI) charter with the state’s division of banking. The future bank is called Avanti, which means “forward” in Italian, and will be focused solely on providing regulated services for digital assets, Long announced Monday. The company, formed on Jan. 6, has already raised $1 million in seed funding. Avanti will provide payment, custody, securities and commodities activities for institutional customers using digital assets. Related:Caitlin Long on Coronavirus, Crypto Custody and Building a Bank While the company has yet to submit its application, it already has eight products in its pipeline that are not currently available in the U.S. market – the only named one being custody for security tokens. Because trust companies cannot custody securities under U.S. law, SPDIs are uniquely positioned to fill the gap. Avanti’s balance sheet is planned to hold more assets under administration than deposits, and profits will be generated by providing services to institutional clients, similar to large traditional custody banks such as State Street, Bank of New York Mellon and Northern Trust. Long described the business as a “money warehouse. The firm will custody digital assets without any change in the ownership of those assets, like a valet takes care of your car without being given its legal title, Long said. Under Wyoming state law, SPDI banks must keep all of customers’ fiatdemand depositsas liquid assets and cannot lend. However, these entities get to operate under the regulatory oversight of the crypto-friendly Wyoming Division of Banking instead of the U.S. Federal Deposit Insurance Corporation (FDIC). Related:Morgan Stanley Buys E*Trade in $13B Deal Avanti is partnering with bitcoin and blockchain technology startup Blockstream, which will provide bitcoin applications, as well as the software and hardware needed to custody digital assets. “Blockstream brings software for the bitcoin protocol. … Avanti brings a regulated delivery vehicle to deliver it into the USD markets,” Long said in an email. With Blockstream’s Liquid – a “sidechain” or parallel network sometimes used to move money between exchanges – the company will able to develop a “one-stop shop” for digital asset custody, said Blockstream CEO and cofounder Adam Back. With Blockstream, Avanti can build adjacent blockchain application programming interfaces (APIs) and conventional banking APIs, Back said. The first might look like an API that initiates multi-signature transactions; the second is usually an API that transfers money between traditional banking ledgers. Long, who pushed for the creation of the SPDI charter, said she didn’t plan on forming an SPDI bank until last Christmas when she was visiting Rome. Prior to her trip, a group – which Long would not name – approached her about creating such an entity. Because of the high capital level required to start an SPDI –around $25 million– many potential applicants have been slow to seek approval, even though the regulatory door been open since last October. Currently, the Wyoming Division of Banking has only received two applications, which the regulator is working with applicants to refine. In Rome, Long had been talking to Back on the phone when she became convinced to start Avanti. (Back is a well-known cryptographer who regularly talked with Satoshi Nakamato duringbitcoin’s(BTC) early days and was cited in Nakamoto’s bitcoin white paper for having created Hashcash, a predecessor technology that inspired the first cryptocurrency.) The setting was appropriate. While they spoke, Long walked between the Imperial Forums and the Roman Forums. There she saw for the first time arostra, a large platform for delivering speeches. “A symbol of decentralized power where citizens gathered to debate and engage in commerce voluntarily during the Republic,” she said. With Back, she talked about the need for big money – pension funds, endowments, foundations, corporations and sovereign wealth funds – to have a regulated partner to deliver services around bitcoin. “It’s a $300 billion asset class and they can’t ignore it anymore,” Long said. “Their existing service providers aren’t able to help them.” That night she landed on the name Avanti. “It’s a fitting name for a bank that’s moving ahead, while also anchored in the history of sound money and clear property rights,” she said. Having finalized the requirements for applications, the Wyoming Division of Banking is now developing the policies and procedures for SPDI banks and defining how the regulator will perform its yearly examination and supervision processes. To do this, the regulator is speaking to other state banking regulators to ensure the charter can transport to other states. “Wyoming is integrating digital assets into the U.S. banking system for the first time,” said Chris Land, general counsel at the state’s banking division. “The first applications that go through the process literally have to be perfect because many of the top financial industry officials in the country will be following the process. Perfection, like art, takes time.” With “a lot of trust placed in us by very important people,” Land said that the process will not be rushed. “Wyoming is a leader in responsible financial innovation, so we have to get this right,” he added. The Wyoming legislature has several blockchain initiatives coming up later this year, including bills that would expand the blockchain task force into a select committee, provide First Amendment protections to code (as long as it isn’t written in a malicious way), and extend the SPDI charter’s field of service to include retail customers. “It’s going to take a little while for folks to get their arms around all that we’ve done,” said Tyler Lindholm, a Wyoming state representative and chairman of the Wyoming Blockchain Task Force. “Blockstream being able to partner with Caitlin Long is a big win for them. Ms. Long knows the charting process. She knows financial regulation inside and out.” • Openfinance Lists New Security Token in Charity Fundraising Effort • IOHK Opens Cardano Research Lab at University of Wyoming Following $500K Donation... - 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.
6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Bitcoin SV, the network that split off from the Bitcoin Cash blockchain in late 2018, has cut its miners’ block reward in half for the first time.\nMiners on the network produced the 630,000th block around 00:50 UTC time on Friday, which, by design, triggered the halving event that reduced mining rewards from 12.5 BSV to 6.25 per block.\nBSVis now trading at $214 as of press time, for a market capitalization of $3.9 billion, making the network the market’s sixth largest cryptocurrency. It’s down 5.4 percent over the past 24 hours, according to CoinDesk’s price index.\nRelated:Top Cryptos Edge Up as Derivatives Data Suggests Newfound Risk Aversion Among Traders\nThe halving means the daily output for newly mined BSV is now around 900 units, which, at BSV’s current price, means the pie of block rewards miners can compete over totals about $200,000 a day.\nThe total computing power racing on Bitcoin SV has declined by some 25 percent since a recent high around four exahashes per second (EH/s) in early February, following BSV’s price plunge from $370 to $110 within a month. The price had bounced back to over $200 over the past several weeks.\nThe halving event came just a day after the same milestone for Bitcoin Cash, which broke off the Bitcoin network following a heated community disagreement in 2017. Miners on the Bitcoin SV network may face the sameprofitability issueas those on Bitcoin Cash.\nFollowing Bitcoin Cash’s halving Wednesday, the hashing power on the network has dropped from around 3.5 EH/s to 2.5 EH/s. It took miners about 100 minutes to mine the first block after the Wednesday halving, while the average block production time is designed to be 10 minutes.\nRelated:Bitcoin Cash Undergoes ‘Halving’ Event, Casting Shadow on Miner Profitability\nThis week marked the first halvings for the Bitcoin Cash and Bitcoin SV networks since their births in 2017 and 2018, respectively.\nBitcoin(BTC), the world’s largest cryptocurrency by market cap with currently 105 EH/s of computing power, is around 35 days away from its programmed halving, which will be the third in its history and one of the most anticipated events of 2020.\nSee also:Bitcoin’s Halving, Explained\n• Today’s ‘Halving’ May Be Non-Event for Bitcoin Cash Prices\n• Bitcoin Cash Approaches Milestone With First Halving Expected Wednesday', 'Bitcoin SV, the network that split off from the Bitcoin Cash blockchain in late 2018, has cut its miners’ block reward in half for the first time.\nMiners on the network produced the 630,000th block around 00:50 UTC time on Friday, which, by design, triggered the halving event that reduced mining rewards from 12.5 BSV to 6.25 per block.\nBSVis now trading at $214 as of press time, for a market capitalization of $3.9 billion, making the network the market’s sixth largest cryptocurrency. It’s down 5.4 percent over the past 24 hours, according to CoinDesk’s price index.\nRelated:Top Cryptos Edge Up as Derivatives Data Suggests Newfound Risk Aversion Among Traders\nThe halving means the daily output for newly mined BSV is now around 900 units, which, at BSV’s current price, means the pie of block rewards miners can compete over totals about $200,000 a day.\nThe total computing power racing on Bitcoin SV has declined by some 25 percent since a recent high around four exahashes per second (EH/s) in early February, following BSV’s price plunge from $370 to $110 within a month. The price had bounced back to over $200 over the past several weeks.\nThe halving event came just a day after the same milestone for Bitcoin Cash, which broke off the Bitcoin network following a heated community disagreement in 2017. Miners on the Bitcoin SV network may face the sameprofitability issueas those on Bitcoin Cash.\nFollowing Bitcoin Cash’s halving Wednesday, the hashing power on the network has dropped from around 3.5 EH/s to 2.5 EH/s. It took miners about 100 minutes to mine the first block after the Wednesday halving, while the average block production time is designed to be 10 minutes.\nRelated:Bitcoin Cash Undergoes ‘Halving’ Event, Casting Shadow on Miner Profitability\nThis week marked the first halvings for the Bitcoin Cash and Bitcoin SV networks since their births in 2017 and 2018, respectively.\nBitcoin(BTC), the world’s largest cryptocurrency by market cap with currently 105 EH/s of computing power, is around 35 days away from its programmed halving, which will be the third in its history and one of the most anticipated events of 2020.\nSee also:Bitcoin’s Halving, Explained\n• Today’s ‘Halving’ May Be Non-Event for Bitcoin Cash Prices\n• Bitcoin Cash Approaches Milestone With First Halving Expected Wednesday', 'Bitcoin SV, the network that split off from the Bitcoin Cash blockchain in late 2018, has cut its miners\x92 block reward in half for the first time. Miners on the network produced the 630,000th block around 00:50 UTC time on Friday, which, by design, triggered the halving event that reduced mining rewards from 12.5 BSV to 6.25 per block. BSV is now trading at $214 as of press time, for a market capitalization of $3.9 billion, making the network the market\x92s sixth largest cryptocurrency. It\x92s down 5.4 percent over the past 24 hours, according to CoinDesk\x92s price index. Related: Top Cryptos Edge Up as Derivatives Data Suggests Newfound Risk Aversion Among Traders The halving means the daily output for newly mined BSV is now around 900 units, which, at BSV\x92s current price, means the pie of block rewards miners can compete over totals about $200,000 a day. The total computing power racing on Bitcoin SV has declined by some 25 percent since a recent high around four exahashes per second (EH/s) in early February, following BSV\x92s price plunge from $370 to $110 within a month. The price had bounced back to over $200 over the past several weeks. The halving event came just a day after the same milestone for Bitcoin Cash, which broke off the Bitcoin network following a heated community disagreement in 2017. Miners on the Bitcoin SV network may face the same profitability issue as those on Bitcoin Cash. Following Bitcoin Cash\x92s halving Wednesday, the hashing power on the network has dropped from around 3.5 EH/s to 2.5 EH/s. It took miners about 100 minutes to mine the first block after the Wednesday halving, while the average block production time is designed to be 10 minutes. Related: Bitcoin Cash Undergoes \x91Halving\x92 Event, Casting Shadow on Miner Profitability This week marked the first halvings for the Bitcoin Cash and Bitcoin SV networks since their births in 2017 and 2018, respectively. Bitcoin (BTC), the world\x92s largest cryptocurrency by market cap with currently 105 EH/s of computing power, is around 35 days away from its programmed halving, which will be the third in its history and one of the most anticipated events of 2020. Story continues See also: Bitcoin\x92s Halving, Explained Related Stories Today\x92s \x91Halving\x92 May Be Non-Event for Bitcoin Cash Prices Bitcoin Cash Approaches Milestone With First Halving Expected Wednesday', 'Bitcoin fell by 1.00% on Thursday. Partially reversing a 2.29% gain from Wednesday, Bitcoin ended the day at $7,293.7. It was a relatively choppy day on Thursday. Bitcoin fell from an early morning intraday high $7,370.7 to a mid-morning low $7,254.6 before finding support. Steering clear of the major support and resistance levels, Bitcoin recovered to $7,300 levels before hitting reverse. The reversal saw Bitcoin slide to a mid-day intraday low $7,117.0 before finding support. Bitcoin fell through the first major support level at $7,205.73 before returning to $7,300 levels. Resistance at $7,300 ultimately pinned Bitcoin back late in the day, however. The near-term bearish trend, formed at late June 2019’s swing hi $13,764.0, remained firmly intact, reaffirmed by the March swing lo $4,000. For the bulls, Bitcoin would need to break out from $10,000 levels to form a near-term bullish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Thursday. Monero’s XMR and Stellar’s Lumen bucked the trend, with gains of 1.10% and 2.06% respectively. It was a bearish day for the rest of the pack. Bitcoin Cash ABC slid by 4.02% to lead the way down. Bitcoin Cash SV (-1.68%), Ethereum (-2.12%), Ripple’s XRP (-1.83%), Tezos (-1.68%), and Tron’s TRX (-1.63%) also saw relatively heavy losses. Binance Coin (-0.60%), Cardano’s ADA (-0.63%), EOS (-0.49%), and Litecoin (-0.64%) saw modest losses on the day. Through the current week, the crypto total market cap rose from a Monday low $190.55bn to a Tuesday high $211.57bn. A choppy mid-week saw the total market cap fall back to $203bn levels before recovering. At the time of writing, the total market cap stood at $208.50bn. Bitcoin’s dominance eased back from 65% levels seen on Monday. At the time of writing, Bitcoin’s dominance stood at 64.0%. 24-hour trading volumes recovered from sub-$100bn levels to hit $171bn levels on Tuesday before easing back. At the time of writing, 24-hr volumes stood at $122.26bn. Story continues This Morning At the time of writing, Bitcoin was up by 0.03% to $7,295.7. A mixed start to the day saw Bitcoin fall to an early morning low $7,261.0 before striking a high $7,299.8. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Bitcoin Cash ABC and EOS were up by 0.46% and by 0.50% respectively to lead the way. Bitcoin Cash SV (-0.02%), Tezos (-0.12%), and Tron’s TRX (-0.64%) saw red early on to buck the trend. For the Bitcoin Day Ahead Bitcoin would need to move through to $7,300 levels to bring the first major resistance level at $7,403.93 into play. Support from the broader market would be needed, however, for Bitcoin to break out from Thursday’s high $7,370.7. Barring another crypto rally, the first major resistance level at $7,403.93 and Thursday’s high would likely pin Bitcoin back. Failure to move back thro **Last 60 Days of Bitcoin's Closing Prices:** [9856.61, 10208.24, 10326.05, 10214.38, 10312.12, 9889.42, 9934.43, 9690.14, 10142.00, 9633.39, 9608.48, 9686.44, 9663.18, 9924.52, 9650.17, 9341.71, 8820.52, 8784.49, 8672.46, 8599.51, 8562.45, 8869.67, 8787.79, 8755.25, 9078.76, 9122.55, 8909.95, 8108.12, 7923.64, 7909.73, 7911.43, 4970.79, 5563.71, 5200.37, 5392.31, 5014.48, 5225.63, 5238.44, 6191.19, 6198.78, 6185.07, 5830.25, 6416.31, 6734.80, 6681.06, 6716.44, 6469.80, 6242.19, 5922.04, 6429.84, 6438.64, 6606.78, 6793.62, 6733.39, 6867.53, 6791.13, 7271.78, 7176.41, 7334.10, 7302.09] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-04-10 **Financial & Commodity Data:** - Gold Closing Price: $1736.20 - Crude Oil Closing Price: $22.76 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $134,739,010,006 - Hash Rate: 112650577.826398 - Transaction Count: 286706.0 - Unique Addresses: 544185.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.15 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Stocks have gone off a cliff in the past two weeks, reeling from the rapid global spread of coronavirus . The Fed has made two emergency cuts in the shortest time period it has ever done so, cutting rates to near zero. Last Thursday was the worst day for stocks since the Black Monday crash in October 1987. The S&P 500 is down 11% in the past five days, the Dow down 13% in that time, and the Nasdaq down 10%. Bitcoin has fared even worse. The leading cryptocurrency by market cap is down 30% in the past five days, and down 50% in the past month. On Friday, bitcoin tanked 25% in just 24 hours, bringing it below $6,000 for the first time since May 2019, 10 months ago. Bitcoin rose 87% in 2019, and it had been having a very strong 2020 until mid-February; now it’s down 30% for the year. As of Monday at noon, bitcoin was hovering at $5,000. S&P 500 vs bitcoin over the past 30 days. “It is quite fascinating to watch how bad it’s performed,” said David Zervos, chief market strategist at Jefferies. “To see bitcoin off $1,400 in a day, that’s not going to give people a lot of confidence that it’s doing what it’s sort of marketed to do.” The other largest cryptocurrencies aren’t doing any better amid the coronavirus rout: ether ( ETH ) is down 30% in the last five days, 56% in the last month; XRP ( XRP ) is down 25% in the past five days and 52% in the past month; bitcoin cash ( BCH ) is down 32% in the past five days and down 60% in the past month. What happened to the idea of crypto as a safe haven asset, a hedge against economic uncertainty? Specialist Dilip Patel, left, works at his post on the floor of the New York Stock Exchange, Monday, March 9, 2020. (AP Photo/Richard Drew) The best answer for now is that coronavirus, a so-called black swan event, has become such a massive shock to the global economy that basically every asset class is down, creating a risk-off environment in which crypto, already a notoriously risky investment, isn’t very attractive. Investors are hurriedly selling off stocks, and they’re not moving that cash into crypto. On the other hand, gold has outperformed crypto in 2020, which has further dinged the “digital gold” theory for bitcoin. Even widely reported ( ultimately incorrect ) rumors that paper cash could transmit the virus did not boost the price of digital currencies. Crypto bulls reman bullish. “I think these geopolitical events, including coronavirus and geopolitical tensions, really improve the use case,” Fundstrat’s Tom Lee told Yahoo Finance in February. “I think it’s a good time to look at crypto.” Last week, Lee again reiterated , “In an environment where the stock market is in big trouble, crypto I think does make sense as a hedge.” The people furiously selling off their crypto do not appear to agree. Story continues Bitcoin believers can still point to the fact that bitcoin is up big over a longer period of time: up 1,700% compared to five years ago. Still, because it kissed $20,000 per coin at the end of 2017, bitcoin—fairly or unfairly—still always gets compared to that all-time-high bar. — Daniel Roberts is an editor-at-large at Yahoo Finance and closely covers bitcoin and blockchain. Follow him on Twitter at @ readDanwrite . Read more: Bitcoin tumbles along with stocks amid coronavirus, questioning 'safe haven' theory Fed Chair Jay Powell grilled on China's cryptocurrency plans, US response Facebook-led Libra Association has lost 8 'founding members' IRS adds specific crypto question to 2019 tax form Cryptocurrency CEO who paid $4.6M for lunch with Buffett: 'It might be unrealistic' Exclusive: SEC quietly widens its crackdown on ICOs Read the latest financial and business news from Yahoo Finance Follow Yahoo Finance on Twitter , Facebook , Instagram , Flipboard , LinkedIn , YouTube , and reddit . View comments... - Reddit Posts (Sample): [['u/Kiltenthusiast', "What's the value of a tezos coin?", 26, '2020-04-10 04:49', 'https://www.reddit.com/r/tezos/comments/fy6ozl/whats_the_value_of_a_tezos_coin/', "I really want to invest in crypto, especially tezos. But I know they're not stocks, so I won't automatically profit if the company does well. I've heard coins like BTC are like gold and they have value because people agree they do and because there's a limited amount. On the other hand, it seems like tezos coins are actually valuable because they are used to power the various services/ apps built from the tezos platform. However, I'm not quite sure how that works and if the technology couldn't be changed one day so that the coins aren't necessary for the tezos apps to run. I've read a good bit on this, but I don't quite understand the explanations I've read so far. Can anyone clarify these issues? Or point me in the direction of some resources that might help? Thanks!", 'https://www.reddit.com/r/tezos/comments/fy6ozl/whats_the_value_of_a_tezos_coin/', 'fy6ozl', [['u/fuyumiarakaki', 10, '2020-04-10 07:46', 'https://www.reddit.com/r/tezos/comments/fy6ozl/whats_the_value_of_a_tezos_coin/fmyw4qy/', "1. Check if there's utility\n2. Read whitepapers\n3. Check the value the project is bringing in (e.g scalability, privacy, interoperability)\n4. Check what is the token utility in the project (role, features, purpose)\n5. Don't gamble\n6. Check how active the community is (github, reddit, discord, slack, telegram)\n7. Profit\n\nPS. Won't automatically profit if the company does well never works! - even with stonks \nPS2. Sorry for being vague, maybe someone else will explain exactly how the tech works in Tez", 'fy6ozl']]], ['u/happybikes', 'Why is it so difficult to buy Bitcoin?', 72, '2020-04-10 05:33', 'https://www.reddit.com/r/BitcoinBeginners/comments/fy7ff9/why_is_it_so_difficult_to_buy_bitcoin/', "This is a rant more than anything. As a newcomer to Bitcoin, it is absolutely impossible to purchase it in a pseudo-anonymous or private way. After seeing a ton of recommendations for Bisq, I tried to use it only to find out that you need Bitcoin to put down as a security deposit. No problem... I figured I could just go to one of the countless ATMs around my city to purchase a bit. After visiting five separate ATMs and being confronted with various out of service errors (and having to provide them with pictures of my ID anyway), I gave up and resigned myself to use an Exchange. So I created an account on Coinbase only to find out that it wanted my bank login credentials... Hell no. So I then tried to put in a debit card to make a small purchase, and after waiting over 36 hours found out that they are having problems verifying debit cards currently. Absolutely frustrated, I made posts on Craigslist to purchase Bitcoin directly from someone locally using cash... No response. At this point I've pretty much just given up and don't care anymore. All I wanted was $15 of Bitcoin to be able to use Bisq to make further purchases. But apparently that is some monumental feat now due to all the ridiculous regulations. I don't see a future for crypto if these ridiculous barriers to entry remain in place.", 'https://www.reddit.com/r/BitcoinBeginners/comments/fy7ff9/why_is_it_so_difficult_to_buy_bitcoin/', 'fy7ff9', [['u/Griss27', 48, '2020-04-10 06:00', 'https://www.reddit.com/r/BitcoinBeginners/comments/fy7ff9/why_is_it_so_difficult_to_buy_bitcoin/fmyofjz/', "I couldn't agree more.\n\nTry being me - I live in the Caribbean. None of the exchanges accept our jurisdictions due to anti-money laundering issues, and P2P is riddled with fraud and crime out here. So it's basically impossible to get any - I've been trying on and off since 2016.\n\nHow bitcoin defenders think it's about to become a real standard currency when people like me and you can't even get our hands on any is beyond me.", 'fy7ff9'], ['u/TPK001', 11, '2020-04-10 06:49', 'https://www.reddit.com/r/BitcoinBeginners/comments/fy7ff9/why_is_it_so_difficult_to_buy_bitcoin/fmys5zb/', 'You are correct, this is a ridiculous barrier and more obnoxious considering you just wanted $15 worth. In summary, outdated financial regulations in the US/most other countries.\n\nIt has come a long way, but ways to go. The crypto industry is still too small/fragmented to lobby effectively.\n\nThis testimony, by Caitlin Long, a Bitcoiner to the Senate will shed some light. [https://www.forbes.com/sites/caitlinlong/2019/07/15/facebooks-cryptocurrency-libra-senate-banking-testimony/#2c9db39c1378](https://www.forbes.com/sites/caitlinlong/2019/07/15/facebooks-cryptocurrency-libra-senate-banking-testimony/#2c9db39c1378)\n\nTLDR: The Libra project is shining light on outdated U.S. financial regulations that are (a) holding back the U.S. economy and (b) giving rise to the concept of digital currency “stablecoins” in the first place.\xa0 \n\nBy the way, Binance/Shape Shift may both have credit card purchases.', 'fy7ff9'], ['u/_Money_Badger_', 25, '2020-04-10 07:13', 'https://www.reddit.com/r/BitcoinBeginners/comments/fy7ff9/why_is_it_so_difficult_to_buy_bitcoin/fmytutj/', 'When I bought my first bitcoin back in the day, I had to meet a guy in the online virtual world “second life” after sending cash western union. He took me to a virtual house there and showed me a pedestal where I entered my wallet public address and the confirmation number from the western union transfer. Took forever, giant hassle- it was worth it. Shortly after that VirWox and Mt Gox started Bitcoin trading. \n\n\nAlso, Coinbase doesn’t want your bank login credentials, it’s redirecting you to a page and that lets you log in to your bank through the banks own system. For whatever that’s worth.', 'fy7ff9'], ['u/subduderecords', 10, '2020-04-10 14:51', 'https://www.reddit.com/r/BitcoinBeginners/comments/fy7ff9/why_is_it_so_difficult_to_buy_bitcoin/fmzkhva/', 'I know a guy that loved his second life so much, that he made a second, second life. He was also a paper salesman, and his name was also Dwight...everything was exactly the same, except he could fly.', 'fy7ff9']]], ['u/World_Money', 'It costs less than a cup of coffee to attack BCH', 16, '2020-04-10 05:35', 'https://www.reddit.com/r/btc/comments/fy7gj0/it_costs_less_than_a_cup_of_coffee_to_attack_bch/', '...and yet no one does it.\n\nThese articles and troll posts are fantastic for revealing how few people understand the incentives built into systems like Bitcoin. \n\nMiners will rarely, if ever, attack other chains. It\'s more profitable for them to hop between chains with the same mining algos effectively diversifying for their future. "Don\'t put all your eggs in one basket," as the saying goes.\n\nIt doesn\'t matter how cheap it is to attack BSV/BCH relative to BTC; miners will always focus on chasing better profit margins over orchestrating attacks that harm exchanges and the ecosystem.\n\nThe same is true for the reverse: miners aren\'t going to intentionally cause a BTC death spiral. Why would they? They profit more from ALL sha256 forks prospering. A sudden BTC collapse would cause mass chaos across the market and general distrust in crypto as a whole. They aren\'t going to damage the entire crypto space to make a political point about blocksizes.', 'https://www.reddit.com/r/btc/comments/fy7gj0/it_costs_less_than_a_cup_of_coffee_to_attack_bch/', 'fy7gj0', [['u/ErdoganTalk', 13, '2020-04-10 14:43', 'https://www.reddit.com/r/btc/comments/fy7gj0/it_costs_less_than_a_cup_of_coffee_to_attack_bch/fmzjvd2/', 'And if you in fact buy a cup of coffee with BCH, you attack BTC! It is brilliant!', 'fy7gj0']]], ['u/AutoModerator', '[Daily Discussion] Friday, April 10, 2020', 49, '2020-04-10 06:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/fy7y98/daily_discussion_friday_april_10_2020/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas &amp; 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**Other ways to interact:**\n\n* [Get an invite](https://join.slack.com/t/reddit-bitcoinmarkets/shared_invite/enQtNjM1NTg3ODgwODUzLTQ2NjZjYjYxMWExZmZmMWY0MDNlN2JlM2RhZmM0NWY1YzY1MDlkOTMyNWFjNTZjYTg1ZDM2YmEwMWRkZjIwYjM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)\n* Set your flair to trade pretend money in [the Flair Game](https://coinsight.org/flairgame)\n* Weekly threads: [Newbie Mondays](http://www.reddit.com/r/BitcoinMarkets/search?q=newbie+monday&amp;sort=new&amp;restrict_sr=on&amp;t=all) and [Fundamentals Fridays](http://www.reddit.com/r/BitcoinMarkets/search?q=fundamentals+friday&amp;sort=new&amp;restrict_sr=on&amp;t=all)\n* Altcoins Discussion: [Altcoin Discussion](http://www.reddit.com/r/BitcoinMarkets/search?q=altcoin+discussion&amp;sort=new&amp;restrict_sr=on&amp;t=all)", 'https://www.reddit.com/r/BitcoinMarkets/comments/fy7y98/daily_discussion_friday_april_10_2020/', 'fy7y98', [['u/smileyfacemirror', 13, '2020-04-10 06:44', 'https://www.reddit.com/r/BitcoinMarkets/comments/fy7y98/daily_discussion_friday_april_10_2020/fmyru4w/', 'I demand a refund for the time spent reading this', 'fy7y98'], ['u/BlackSpidy', 16, '2020-04-10 06:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/fy7y98/daily_discussion_friday_april_10_2020/fmys6ra/', "I'm back by popular demand. Got liquidated March 13th in one of the scammiest scam wicks (I mean, the USA issues a state of emergency over a virus and bitcoin's price tanks, because...???) Right at $4800. Can you believe it!?\n\nNow I'm back. Turned all my fiat into bitcoin and I'm back with half the capital, twice the enthusiasm and three times the more careful. \n\nWhat's up? Halving is about a month away. What is concensus on the effect at the time?", 'fy7y98'], ['u/throwawayfaraway333', 15, '20... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96