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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Bitcoin slid by 5.73% on Friday. Following on from a 1.00% fall on Thursday, Bitcoin ended the day at $6,875.5.\nA bullish start to the day saw Bitcoin rise to an early morning intraday high $7,305.8 before hitting reverse.\nComing up short of the first major resistance level at $7,403.93, Bitcoin tumbled to a late afternoon intraday low $6,756.3.\nBitcoin fell through the first major support level at $7,150.23 and the second major support level at $7,006.77.\nFinding support at the third major support level at $6,753.07, Bitcoin briefly revisited $6,900 levels before easing back.\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 bearish day on Thursday.\nBitcoin Cash SV led the way down, with a 13.59% loss.\nBinance Coin (-8.57%), Bitcoin Cash ABC (-8.90%), Cardano’s ADA (-7.86%), EOS (-8.69%), Litecoin (-8.49%), Monero’s XMR (-7.78%), Stellar’s Lumen (-7.85%), Tezos (-9.56%), and Tron’s TRX (-7.30%) also saw heavy losses.\nEthereum and Ripple’s XRP saw relatively modest losses of 6.84% and 5.73% on the day.\nThrough 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 $193bn levels in the Friday sell-off. At the time of writing, the total market cap stood at $197.03bn.\nBitcoin’s dominance continued to ease back from 65% levels 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 $149.77bn.\nAt the time of writing, Bitcoin was up by 0.49% to $6,909.0. A bullish start to the day saw Bitcoin rise from an early morning low $6,850.1 to a high $6,933.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was also a bullish start to the day.\nBitcoin Cash SV (+1.87%), Tezos (+2.25%), and Tron’s TRX (+1.67%) led the way early on.\nBitcoin would need to move through to $6,980 levels to bring the first major resistance level at $7,202.10 into play.\nSupport from the broader market would be needed, however, for Bitcoin to break back through to $7,100 levels.\nBarring a broad-based crypto rally, resistance at $7,100 would likely leave Bitcoin short of the first major resistance level.\nFailure to move back through to $6,980 levels could see Bitcoin fall back into the red.\nA fall back through the morning low $6,850.1 would bring the first major support level at $6,652.6 into play.\nBarring an extended crypto sell-off, however, Bitcoin should continue to steer of sub-$6,500 support levels.\nThisarticlewas originally posted on FX Empire\n• EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 11/04/20\n• Price of Gold Fundamental Daily Forecast – Federal Reserve: The Gold Investors Best Friend\n• The Crypto Daily – Movers and Shakers -11/04/20\n• S&P 500 Price Forecast – Stock Markets Close Out The Week On A Positive Note\n• The Weekly Wrap – COVID-19 and the FED Deliver a Boost to Riskier Assets\n• AUD/USD Forex Technical Analysis – Needs to Hold Above .6236 to Generate Upside Momentum', 'Bitcoin slid by 5.73% on Friday. Following on from a 1.00% fall on Thursday, Bitcoin ended the day at $6,875.5. A bullish start to the day saw Bitcoin rise to an early morning intraday high $7,305.8 before hitting reverse. Coming up short of the first major resistance level at $7,403.93, Bitcoin tumbled to a late afternoon intraday low $6,756.3. Bitcoin fell through the first major support level at $7,150.23 and the second major support level at $7,006.77. Finding support at the third major support level at $6,753.07, Bitcoin briefly revisited $6,900 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 also a bearish day on Thursday. Bitcoin Cash SV led the way down, with a 13.59% loss. Binance Coin (-8.57%), Bitcoin Cash ABC (-8.90%), Cardano’s ADA (-7.86%), EOS (-8.69%), Litecoin (-8.49%), Monero’s XMR (-7.78%), Stellar’s Lumen (-7.85%), Tezos (-9.56%), and Tron’s TRX (-7.30%) also saw heavy losses. Ethereum and Ripple’s XRP saw relatively modest losses of 6.84% and 5.73% 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 $193bn levels in the Friday sell-off. At the time of writing, the total market cap stood at $197.03bn. Bitcoin’s dominance continued to ease back from 65% levels 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 $149.77bn. This Morning At the time of writing, Bitcoin was up by 0.49% to $6,909.0. A bullish start to the day saw Bitcoin rise from an early morning low $6,850.1 to a high $6,933.0. 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 SV (+1.87%), Tezos (+2.25%), and Tron’s TRX (+1.67%) led the way early on. For the Bitcoin Day Ahead Bitcoin would need to move through to $6,980 levels to bring the first major resistance level at $7,202.10 into play. Support from the broader market would be needed, however, for Bitcoin to break back through to $7,100 levels. Barring a broad-based crypto rally, resistance at $7,100 would likely leave Bitcoin short of the first major resistance level. Failure to move back through to $6,980 levels could see Bitcoin fall back into the red. A fall back through the morning low $6,850.1 would bring the first major support level at $6,652.6 into play. Barring an extended crypto sell-off, however, Bitcoin should continue to steer of sub-$6,500 support levels. This article was originally posted on FX Empire More From FXEMPIRE: EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 11/04/20 Price of Gold Fundamental Daily Forecast – Federal Reserve: The Gold Investors Best Friend The Crypto Daily – Movers and Shakers -11/04/20 S&P 500 Price Forecast – Stock Markets Close Out The Week On A Positive Note The Weekly Wrap – COVID-19 and the FED Deliver a Boost to Riskier Assets AUD/USD Forex Technical Analysis – Needs to Hold Above .6236 to Generate Upside Momentum', 'SINGAPORE, SINGAPORE / ACCESSWIRE / April 11, 2020 / Oobit is delighted to announce the launch of its gateway solution for the cryptocurrency sector. Users will gain access to multiple features, including the ability to compare prices and offerings across different exchanges, as well as a single KYC passport for use on multiple trading platforms. Oobit has also partnered with Coinbase for the provision of wallet, escrow, and custodial services, meaning users are assured of a high degree of security. Oobit empowers users of all levels to identify trading opportunities across all sources of liquidity, bringing visibility and trust to the entire cryptocurrency ecosystem. The core features of Oobit are as follows. Oobit Hunter is to cryptocurrency what Skyscanner or Expedia are to flights. It\'s an AI-driven liquidity aggregator that discovers the best prices by searching across various fiat to crypto onboarding platforms. Users access the feature via an intuitive web interface. Hunter comprises two parts. It provides a peer-to-peer trading service, similar to that offered by LocalBitcoins, using Coinbase\'s trusted and highly secure infrastructure for escrow and digital asset custody. It also acts as a search engine for trading opportunities across worldwide exchange platforms. Oobit Hunter can provide value to anyone from newcomers looking for the best place to buy cryptocurrencies with fiat, to advanced traders seeking to profit from exchange arbitrage. Oobit Pass is a unified know-your-customer (KYC) passport that enables users to submit their personal information once so that they\'re pre-verified for trading on multiple exchange outlets. It uses advanced face and optical character recognition for fast approval, reducing the wait time to start trading. Cryptocurrency exchanges can opt into the service, thus reducing their own KYC burden and streamlining the onboarding process so that traders are up and running immediately after signup. Story continues All personal data and documents stored on Oobit Pass is secured with military-grade local encryption to protect against identity theft. Oobit Direct offers a fast and easy means of using a credit or debit card to buy cryptocurrencies within minutes. Oobit xMap offers merchants the business tools they need for integrating cryptocurrencies into their operations. This may be for payments or to gain exposure to the growing cryptocurrency community. The map shows all crypto ATMs and physical exchanges across the globe. Lastly, Oobit Wallet is a cryptocurrency wallet integrated into the broader Oobit user interface and powered by Coinbase. While Oobit operates the wallet architecture, user funds are stored on the Coinbase custodial wallet. Currently, it supports Bitcoin, with zero deposit fees and only a nominal fee for withdrawals. Integration with more cryptocurrencies is coming soon. The Oobit Team Oobit is led by a team experienced in areas including finance, marketing, and private equity funding. Amram Adar, co-founder and CEO, previously led the development and design teams in Wacetech Investments Ltd. Moshe Schlisser, Chairman, is the co- **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-04-11 **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: 116308064.119463 - Transaction Count: 247852.0 - Unique Addresses: 474445.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.15 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: NVIDIA Corporation(NASDAQ:NVDA) is asking gamers todownload an applicationand use their gaming PCs to fight COVID-19. What Happened Nvidia is urging users of gaming personal computers (PCs) to fight COVID-19. The computer hardware companytweetedon Saturday, “Join us and our friends at @OfficialPCMR in supporting folding@home and donating unused GPU computing power to fight against COVID-19!” The folding@home app has a number of graphics processing unit (GPU) specific projects, which gaming PC users can contribute by just downloading the application. PCMR, a community of PC enthusiasts, describes the concept behind the app, “You can install a small program on your computer, and it downloads a small amount of data that it analyses, then returning the results to the Stanford researchers.” The website claims that the whole process only takes 3 minutes. Folding@home will work on COVID-19, but they also focus on cancer, Alzheimer’s, Huntington’s, and Parkinson’s diseases. Why It Matters The initial “wave of projects” will help researchers get a better understanding of coronaviruses and how they interact with the human ACE-2 receptor, which is required for viral entry into human host cells. In an update regarding COVID-19 and their efforts to fight the disease, folding@home announced, “In the coming days, we hope to take advantage of some of the new structural biology and biochemical data that is being rapidly released by researchers around the world who are working to understand these viruses and strategies for defeating them.” Price Action Nvidia shares traded 11.34% higher at $240.84 on Friday in the regular session. See more from Benzinga • SoftBank To Buy Back .8B Worth Of Shares After Push From Elliott • Elon Musk's SpaceX Wants A Slice Of .4B Federal Subsidies Pie • Bitcoin Briefly Drops Below k, As Cryptocurrency Markets Enter Free Fall © 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.
6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Bitcoin rose by 0.15% on Saturday. Following a 5.73% slide on Friday, Bitcoin ended the day at $6,884.5.\nA bullish start to the day saw Bitcoin rise to an early morning intraday high $6,957.8 before hitting reverse.\nComing up well short of the first major resistance level at $7,202.1, Bitcoin tumbled to a late afternoon intraday low $6,780.0.\nSteering clear of the first major support level at $6,652.6 Bitcoin bounced back to $6,890.9 before easing back.\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 mixed day on Saturday.\nStellar’s Lumen and Tezos found strong support, with the pair rallying by 4.21% and 3.46% respectively.\nBinance Coin (+0.66%), Cardano’s ADA (+0.66%), EOS (+0.65%), Ethereum (+0.28%), Litecoin (+0.57%), and Ripple’s XRP (+0.27%) also ended the day in the green.\nWhile Bitcoin Cash SV ended the day flat, Bitcoin Cash ABC fell by 0.8% to lead the way down.\nMonero’s XMR and Tron’s TRX also ended the day in the red, with losses of 0.48% and 0.04% respectively.\nThrough the current week, the crypto total market cap rose from a Monday low $190.55bn to a Tuesday high $211.57bn. A choppy week, however, saw the total market cap fall back to sub-$200bn levels. At the time of writing, the total market cap stood at $195.06bn.\nBitcoin’s dominance eased back from 65% levels 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 $107.7bn.\nAt the time of writing, Bitcoin was down by 0.94% to $6,820.0. A bearish start to the day saw Bitcoin rise to an early morning high $6,908.8 before falling to a low $6,807.4.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was also a bearish start to the day.\nBitcoin Cash ABC (-1.53%), EOS (-1.20%), and Tezos (-2.89%) led the way down early on.\nBitcoin would need to move through to $6,880 levels to bring the first major resistance level at $6,968.2 into play.\nSupport from the broader market would be needed, however, for Bitcoin to break back through to $6,900 levels.\nBarring a broad-based crypto rebound, the first major resistance level and Saturday’s high $6,957.8 would likely cap any upside.\nFailure to move back through to $6,880 levels could see Bitcoin fall deeper into the red.\nA fall back through the morning low $6,807.4 would bring the first major support level at $6,790.4 into play.\nBarring an extended crypto sell-off, however, Bitcoin should continue to steer of sub-$6,700 support levels.\nThisarticlewas originally posted on FX Empire\n• NZD/USD Forex Technical Analysis – Holding Above .6074 Will Continue to Generate Upside Momentum\n• Artificial Intelligence Fibonacci Trading System Predicts Next Price Move\n• S&P 500 Weekly Price Forecast – S&P 500 Hits Significant Technical Level\n• U.S Mortgage Rates Hold Steady Unemployment Numbers Sink Applications\n• The Crypto Daily – Movers and Shakers -12/04/20\n• The Weekly Wrap – COVID-19 and the FED Deliver a Boost to Riskier Assets', 'Bitcoin rose by 0.15% on Saturday. Following a 5.73% slide on Friday, Bitcoin ended the day at $6,884.5. A bullish start to the day saw Bitcoin rise to an early morning intraday high $6,957.8 before hitting reverse. Coming up well short of the first major resistance level at $7,202.1, Bitcoin tumbled to a late afternoon intraday low $6,780.0. Steering clear of the first major support level at $6,652.6 Bitcoin bounced back to $6,890.9 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 day on Saturday. Stellar’s Lumen and Tezos found strong support, with the pair rallying by 4.21% and 3.46% respectively. Binance Coin (+0.66%), Cardano’s ADA (+0.66%), EOS (+0.65%), Ethereum (+0.28%), Litecoin (+0.57%), and Ripple’s XRP (+0.27%) also ended the day in the green. While Bitcoin Cash SV ended the day flat, Bitcoin Cash ABC fell by 0.8% to lead the way down. Monero’s XMR and Tron’s TRX also ended the day in the red, with losses of 0.48% and 0.04% respectively. Through the current week, the crypto total market cap rose from a Monday low $190.55bn to a Tuesday high $211.57bn. A choppy week, however, saw the total market cap fall back to sub-$200bn levels. At the time of writing, the total market cap stood at $195.06bn. Bitcoin’s dominance eased back from 65% levels 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 $107.7bn. This Morning At the time of writing, Bitcoin was down by 0.94% to $6,820.0. A bearish start to the day saw Bitcoin rise to an early morning high $6,908.8 before falling to a low $6,807.4. Story continues Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was also a bearish start to the day. Bitcoin Cash ABC (-1.53%), EOS (-1.20%), and Tezos (-2.89%) led the way down early on. For the Bitcoin Day Ahead Bitcoin would need to move through to $6,880 levels to bring the first major resistance level at $6,968.2 into play. Support from the broader market would be needed, however, for Bitcoin to break back through to $6,900 levels. Barring a broad-based crypto rebound, the first major resistance level and Saturday’s high $6,957.8 would likely cap any upside. Failure to move back through to $6,880 levels could see Bitcoin fall deeper into the red. A fall back through the morning low $6,807.4 would bring the first major support level at $6,790.4 into play. Barring an extended crypto sell-off, however, Bitcoin should continue to steer of sub-$6,700 support levels. This article was originally posted on FX Empire More From FXEMPIRE: NZD/USD Forex Technical Analysis – Holding Above .6074 Will Continue to Generate Upside Momentum Artificial Intelligence Fibonacci Trading System Predicts Next Price Move S&P 500 Weekly Price Forecast – S&P 500 Hits Significant Technical Level U.S Mortgage Rates Hold Steady Unemployment Numbers Sink Applications The Crypto Daily – Movers and Shakers -12/04/20 The Weekly Wrap – COVID-19 and the FED Deliver a Boost to Riskier Assets', 'HIVE Blockchain Technologies has acquired a cryptocurrency mining operation with access to 30 megawatts (“MW”) of low cost green power at a leased facility located in Lachute, Quebec. According to an official press release shared with Coin Rivet, the cost of acquiring mining firm Cryptologic stands at C$4,000,000 , with C$1,000,000 of that being in cash. HIVE will also invest C$3,000,000 in new cryptocurrency mining equipment for the facility. Cryptologic now also own 4% of HIVE’s basic common shares. “We’re extremely pleased to have completed the acquisition of this Facility,” said Frank Holmes, Interim Executive Chairman of HIVE. “Multiple factors make Quebec a very attractive location for us including geographic diversification and competitive costs for green energy, skilled labour and taxes” . HIVE Blockchain Completes Acquisition of 30 MW Cryptocurrency Operation in Canada | Markets Insider https://t.co/JKt5n9PSnN — the Crypto Grill (@TheCryptoGrill) April 9, 2020 “The acquisition provides us direct control of our destiny, including significant capacity for expansion and flexibility for our future operations. To that end, we have exercised an option to extend the term of the Facility lease to November 2025, and we plan to invest in next generation SHA-256 miners to increase the operating efficiency of the Facility and prepare it for the upcoming halving of Bitcoin rewards. Additionally, we are currently investigating the potential to host third-party miners to maximise utilisation of the Facility’s power capacity.” Holmes went on to heap praise on Cryptologic’s COO and VP Finance for facilitating the deal during difficult times as a result of the Coronavirus pandemic. He continued:”We also want to extend our appreciation to the Board of Cryptologic, who have expressed confidence in the vision and direction of HIVE by becoming a significant shareholder. Additionally, we also appreciate the cooperation of Cryptologic’s Chief Operating Officer, Paul Leggett and VP Finance, Joshua Lebovic, who have helped facilitate a smooth transition during the challenging period that the world is experiencing related to COVID-19.” For more news, guides and cryptocurrency analysis, click here . View comments', 'HIVE Blockchain Technologies has acquired a cryptocurrency mining operation with access to 30 megawatts (“MW”) of low cost green power at a leased facility located in Lachute, Quebec. According to an official press release shared with Coin Rivet, the cost of acquiring mining firm Cryptologic stands at C$4,000,000 , with C$1,000,000 of that being in cash. HIVE will also invest C$3,000,000 in new cryptocurrency mining equipment for the facility. Cryptologic now also own 4% of HIVE’s basic common shares. “We’re extremely pleased to have completed the acquisition of this Facility,” said Frank Holmes, Interim Executive Chairman of HIVE. “Multiple factors make Quebec a very attractive location for us including geographic diversification and competitive costs for green energy, skilled labour and taxes” . HIVE Blockchain Completes Acquisition of 30 MW Cryptocurrency Operation in Canada | Markets Insider https://t.co/JKt5n9PSnN — the Crypto Grill (@TheCryptoGrill) April 9, 2020 “The acquisition pr **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49, 6859.08] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-04-12 **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: 116308064.119463 - Transaction Count: 247852.0 - Unique Addresses: 474445.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.10 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin (BTC) is looking buoyant Monday despite renewed risk aversion in traditional markets. The top cryptocurrency by market value picked up bids near $5,850 during the Asian trading hours and rose around $500 to $6,344 at 07:14 UTC. At press time, the global average price, as calculated by CoinDesk’sBitcoin Price Index, was at $6,290, up 7 percent on the day. Bitcoin found takers even though stocks in Asiadippedalongside losses in S&P 500 futures, possibly over renewed fears of a prolonged coronavirus-led lockdown across the globe. Related:Bitcoin’s Recent Recovery Won’t Salvage a Terrible Month for Prices President Donald Trump abruptlyabandonedhis talk of life returning to normal in some parts of the U.S. by Easter and instead extended social distancing rules through April. That forced markets to price in the possibility of a deeper economic slowdown in the world’s largest economy. See also:US Cash in Circulation Sees Biggest Increase Since the Y2K Bug Panic, Fed Reserve Data Indicates European equity markets are also trading in the red at press time, with the U.K.’s FTSE 100 and France’s CAC index reporting 0.5 percent declines. Bitcoin putting in a positive performance as stocks suffer may bring cheer to investors and analysts who believe the cryptocurrency is a safe haven asset like gold. Related:Crypto Markets Can Never Close, and That’s a Good Thing However, it’s still too early to say the cryptocurrency has now decoupled from equities. After all, the 90-day correlation between bitcoin’s price and the S&P 500 rose to 0.52 earlier this month, the highest level on record,according toArcane Research. Further, with the virus outbreak showing no signs of slowing down, investors may continue to hold cash (U.S. dollar). Analysts at Goldman Sachs believe the economic fallout in the westhas only just begun. Meanwhile, central banks and governments across the globe look to have run out of ammo, having already fired their big “bazookas” over the last couple of weeks. As a result, another liquidity crisis, similar to the one seen a few weeks ago, cannot be ruled out. In that case, bitcoin could again feel the pull of gravity alongside the sell-off in stocks. Some analysts, however, think bitcoin could soon decouple from the traditional markets as macro traders and institutions have already cashed out their cryptocurrency stashes. “We think the correlation to traditional markets will ease now that most cross-asset-class investors have sold out,” Richard Galvin, CEO of Digital Assets Capital Management,tweetedMonday. Derivatives markets data does show institutions have likely exited the market. Open interest in bitcoin futures listed across the globe hasdeclined bynearly 50 percent from highs above $5 billion seen in mid-February. Galvin added that the “highly stimulatory and potentially inflationary central bank and sovereign response” could only bode well for bitcoin. Meanwhile, Jehan Chu, co-founder and managing partner at Kenetic Capital, said the Federal Reserve’s “All You Can Eat” quantitative easing plan should prevent future flight from bitcoin as we saw earlier this month. See also:Investors in Polychain Capital’s Crypto Hedge Fund Saw 1,332% Gains – If They Stomached the Dips The Fed announced an unlimited asset purchase plan last Monday to contain the economic fallout from the virus outbreak. Meanwhile, the U.S. Congress approved a $2 trillion fiscal stimulus plan on Friday that was promptly signed into law by President Trump. “Barring any further cataclysmic shocks to the economy, I expect BTC will rally faster and harder than public markets,” Chu told CoinDesk. The immediate bias remains bearish despite the price bounce from $5,850 to $6,350, as a rising channel breakdown confirmed on Friday is still valid, as seen below. A convincing move above the horizontal resistance line of $6,342 is needed to invalidate the breakdown and open the doors for a re-test of resistance at $7,000. Bitcoin failed to close above the former support-turned-resistance of $6,425 last week. The bull’s failure at the key hurdle, coupled with consecutive weekly candles with long upper shadows pointing to “sell on rise” mentality, indicates the path of least resistance is to the downside. Bitcoin would likely slide back toward $5,000 if the buyers fail to defend the Asian session low of $5,850. The outlook as per the weekly chart would turn bullish if and when prices find acceptance above $7,000. Disclosure:The author holds no cryptocurrency at the time of writing. • Mt. Gox Deadline Extended Again After Creditors Criticize Refund Proposal • Bitcoin Follows Stock Markets Higher; How Long Will They Move in Lockstep?... - 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.
6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21
You are an expert financial analyst. Your primary task is to 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 0.50% on Sunday. Following on from a 0.15% gain on Saturday, Bitcoin ended the week up by 2.04% to $6,919.0. A bearish start to the day saw Bitcoin fall to an early morning intraday low $6,797.6 before making a move. Finding support at the first major support level at $6,790.4 Bitcoin rallied to a late afternoon intraday high $7,192.5. Bitcoin broke through the first major resistance level at $6,968.2 and second major resistance level at $7,051.9 before hitting reverse. A late sell-off saw Bitcoin fall back through the major resistance levels to limit the gain 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 another mixed day on Sunday. Bitcoin Cash ABC (-0.07%), EOS (-0.28%), Litecoin (-1.31%), Monero’s XMR (-0.26%), and Stellar’s Lumen (-1.18%) saw red on the day. Binance Coin (+3.40%), Bitcoin Cash SV (+2.59%), Cardano’s ADA (+0.18%) Ethereum (+0.12%), Ripple’s XRP (+0.72%) and Tezos (+1.52%) joined Bitcoin in the green. While it was a mixed end to the week, it was a bullish week for the crypto majors. Bitcoin Cash SV (+10.00%), Ethereum (+11.26%), Stellar’s Lumen (+12.68%), and Tezos (+20.38%) led the way. Binance Coin (+4.31%), Cardano’s ADA (+4.93%), EOS (+6.23%), and Ripple’s XRP (+5.79%) also found strong support. Bitcoin Cash ABC (+0.62%), Monero’s XMR (+0.98%), and Tron’s TRX (+0.37%) trailed the pack in the week. Through the week, the crypto total market cap rose from a Monday low $190.55bn to a Tuesday high $211.57bn. A choppy 2 nd half of the week, however, saw the total market cap fall back to sub-$200bn levels before. At the time of writing, the total market cap stood at $192.36bn. Story continues Bitcoin’s dominance eased back from 65% levels 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 $128.20bn. This Morning At the time of writing, Bitcoin was down by 3.06% to $6,707.1. A particularly bearish start to the day saw Bitcoin slide from an early morning high $6,917.0 before to a low $6,571.1. Steering clear of the major resistance levels, Bitcoin fell through the first major support level at $6,746.9. The second major support level at $6,574.8 limited the downside early on. Elsewhere, it was also a bearish start to the day. EOS and Stellar’s Lumen led the way down early on, with losses of 3.90% and 4.21% respectively. For the Bitcoin Day Ahead Bitcoin would need to move through to $6,970 levels to bring the first major resistance level at $7,141.80 into play. Support from the broader market would be needed, however, for Bitcoin to break back through the first major support level at $6,746.9 to hit $6,900 levels. Barring a broad-based crypto rebound, resistance at $7,000 would likely leave Bitcoin short of the first major resistance level and Sunday’s high $7,192.5. In the event of a crypto rebound, resistance at $7,200 would likely limit any upside. Failure to move back through to $6,970 levels could see Bitcoin fall deeper into the red. A fall back through the second major support level at $6,574.8 would bring the 23.6% FIB of $6,300 into play. Barring an extended crypto sell-off, however, Bitcoin should continue to steer of sub-$6,500 support levels. This article was originally posted on FX Empire More From FXEMPIRE: The Crypto Daily – Movers and Shakers -12/04/20 OPEC and G20 Meeting Outcome Increases Instability in the Oil Market Demand Destruction Bigger Concern than Production Cuts Playing the S&P500 Through FX – the AUD has Found its Mojo EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 12/04/20 AUD/USD and NZD/USD Fundamental Weekly Forecast – Tracking Risk Sentiment', 'Bitcoin rose by 0.50% on Sunday. Following on from a 0.15% gain on Saturday, Bitcoin ended the week up by 2.04% to $6,919.0. A bearish start to the day saw Bitcoin fall to an early morning intraday low $6,797.6 before making a move. Finding support at the first major support level at $6,790.4 Bitcoin rallied to a late afternoon intraday high $7,192.5. Bitcoin broke through the first major resistance level at $6,968.2 and second major resistance level at $7,051.9 before hitting reverse. A late sell-off saw Bitcoin fall back through the major resistance levels to limit the gain 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 another mixed day on Sunday. Bitcoin Cash ABC (-0.07%), EOS (-0.28%), Litecoin (-1.31%), Monero’s XMR (-0.26%), and Stellar’s Lumen (-1.18%) saw red on the day. Binance Coin (+3.40%), Bitcoin Cash SV (+2.59%), Cardano’s ADA (+0.18%) Ethereum (+0.12%), Ripple’s XRP (+0.72%) and Tezos (+1.52%) joined Bitcoin in the green. While it was a mixed end to the week, it was a bullish week for the crypto majors. Bitcoin Cash SV (+10.00%), Ethereum (+11.26%), Stellar’s Lumen (+12.68%), and Tezos (+20.38%) led the way. Binance Coin (+4.31%), Cardano’s ADA (+4.93%), EOS (+6.23%), and Ripple’s XRP (+5.79%) also found strong support. Bitcoin Cash ABC (+0.62%), Monero’s XMR (+0.98%), and Tron’s TRX (+0.37%) trailed the pack in the week. Through the week, the crypto total market cap rose from a Monday low $190.55bn to a Tuesday high $211.57bn. A choppy 2 nd half of the week, however, saw the total market cap fall back to sub-$200bn levels before. At the time of writing, the total market cap stood at $192.36bn. Story continues Bitcoin’s dominance eased back from 65% levels 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 $128.20bn. This Morning At the time of writing, Bitcoin was down by 3.06% to $6,707.1. A particularly bearish start to the day saw Bitcoin slide from an early morning high $6,917.0 before to a low $6,571.1. Steering clear of the major resistance levels, Bitcoin fell through the first major support level at $6,746.9. The second major support level at $6,574.8 limited the downside early on. Elsewhere, it was also a bearish start to the day. EOS and Stellar’s Lumen led the way down early on, with losses of 3.90% and 4.21% respectively. For the Bitcoin Day Ahead Bitcoin would need to move through to $6,970 levels to bring the first major resistance level at $7,141.80 into play. Support from the broader market would be needed, however, for Bitcoin to break back through the first major support level at $6,746.9 to hit $6,900 levels. Barring a broad-based crypto rebound, resistance at $7,000 would likely leave Bitcoin short of the first major resistance level and Sunday’s high $7,192.5. In the event of a crypto rebound, resistance at $7,200 would likely limit any upside. Failure to move back through to $6,970 levels could see Bitcoin fall deeper into the red. A fall back through the second major support level at $6,574.8 would bring the 23.6% FIB of $6,300 into play. Barring an extended crypto sell-off, however, Bitcoin should continue to steer of sub-$6,500 support levels. This article was originally posted on FX Empire More From FXEMPIRE: The Crypto Daily – Movers and Shakers -12/04/20 OPEC and G20 Meeting Outcome Increases Instability in the Oil Market Demand Destruction Bigger Concern than Production Cuts Playing the S&P500 Through FX – the AUD has Found its Mojo EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 12/04/20 AUD/USD and NZD/USD Fundamental Weekly Forecast – Tracking Risk Sentiment', 'Taiwan-based tech giant HTC will allow users of its Exodus blockchain phone to mine cryptocurrency, but it isn’t going to make them rich.\nAsreported by Forbeson Friday, the firm has partnered with Mida Labs to use its DeMiner app on the Exodus 1S model. The app allows users to minemonero(XMR) and can earn users up to $0.0038 in the crypto on average daily. The electricity used to carry out the mining tasks would come to less than half the income from mining, according to the report.\nThat amount of income isn’t going to repay the cost of the phone in any reasonable timespan and, in fact, would take around 13,680 days (roughly 37 years) to earn the value of one unit of XMR at thecurrent priceof $52 apiece.\nRelated:Crypto Long & Short: DeFi and Traditional Finance Are Forming an Unlikely Friendship\nSee also:Bitcoin Halving: How Miners are Preparing for Lower Block Rewards\nHowever, HTC says the effort is aimed at bringing further decentralization to crypto mining, a process that sees computers used to secure the blockchain and process transactions in return for block rewards.\nMining of cryptocurrency has progressed from using computer processors to graphics cards and even dedicated processors called ASICS for some blockchains as participants sought to maintain returns amid rising network difficulty. As such the ability to mine on a mobile phone is at least novel and may increase adoption and education around cryptocurrency.\nHTC said the DeMiner app – expected to launch sometime in Q2 2020 – used on the Exodus is roughly equivalent to a desktop computer in terms of mining (or hashing) power, but brings far lower energy demands.\nRelated:Bitcoin’s Future: Exactly How a Coming Upgrade Could Improve Privacy and Scaling\n“The question is not should we use an ASIC or a CPU. The question is how can we further decentralize and ensure a more inclusive monetary system?” Phil Chen, HTC’s decentralized chief offic **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49, 6859.08, 6971.09] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-04-13 **Financial & Commodity Data:** - Gold Closing Price: $1744.80 - Crude Oil Closing Price: $22.41 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $134,739,010,006 - Hash Rate: 125086031.222819 - Transaction Count: 288113.0 - Unique Addresses: 549230.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.11 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: 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... - 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.
6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ["COPENHAGEN, DENMARK / ACCESSWIRE / April 14, 2020 / BitHull S.A ( https://www.bithull.com/ ) is pleased to announce a 100% waiver on custom fees for its new crypto miners BH Miner and BH Miners Box. A technology company developing next-generation hardware for cryptocurrency mining, BitHull S.A has designed these products to make crypto mining simple, convenient and profitable for the newbies as well as experienced miners. Both BH Miner and BH Miners Box utilize the latest FPGA technology that delivers exceptionally high hash rates in spite of low power consumption. These multi-algorithm miners can be used for mining Bitcoin, Litecoin, Ethereum, and Monero at home because they generate almost no noise. To maximize the profit for its customers, BitHull has designed its miners to deliver extraordinary hash rates. BH Miner, the basic product from the company, offers hash rates of 360 TH/s, 60 GH/s, 15 GH/s, and 3 MH/s for Bitcoin, Litecoin, Ethereum, and Monero respectively, with a moderate power consumption of 550 watts. BH Miners Box is a larger unit combining six BH Miners, offering six times higher hash rates compared to BH Miner. BitHull informs that BH Miners Box is capable of generating monthly profits between $8,000 and $30,000, depending on the coin mined. Now, by waving off the custom fee for its customers, the company has further enhanced the profitability of its miners. The term hash rate refers to the speed at which a computer is able to perform hashing computations. In the context of cryptocurrency mining, it represents the efficiency and performance of a mining machine. A higher hash rate creates a better chance of receiving the block reward. Therefore, the hash rate is directly proportional to a miner's profitability. For more details, please visit https://www.bithull.com/ BitHull S.A is a technology company dedicated to developing next-generation hardware for cryptocurrency mining. The company is run by a team of experts with a track record of delivering world-class tech components such as FPGA chips to numerous industry heavyweights. Story continues SOURCE: BitHull S.A. via EQS Newswire View source version on accesswire.com: https://www.accesswire.com/584977/BitHull-SA-BitHull-Waives-off-Custom-Fees-for-its-Miners", "COPENHAGEN, DENMARK / ACCESSWIRE / April 14, 2020 /BitHull S.A (https://www.bithull.com/) is pleased to announce a 100% waiver on custom fees for its new crypto miners BH Miner and BH Miners Box. A technology company developing next-generation hardware for cryptocurrency mining, BitHull S.A has designed these products to make crypto mining simple, convenient and profitable for the newbies as well as experienced miners.\nBoth BH Miner and BH Miners Box utilize the latest FPGA technology that delivers exceptionally high hash rates in spite of low power consumption. These multi-algorithm miners can be used for mining Bitcoin, Litecoin, Ethereum, and Monero at home because they generate almost no noise.\nTo maximize the profit for its customers, BitHull has designed its miners to deliver extraordinary hash rates. BH Miner, the basic product from the company, offers hash rates of 360 TH/s, 60 GH/s, 15 GH/s, and 3 MH/s for Bitcoin, Litecoin, Ethereum, and Monero respectively, with a moderate power consumption of 550 watts. BH Miners Box is a larger unit combining six BH Miners, offering six times higher hash rates compared to BH Miner.\nBitHull informs that BH Miners Box is capable of generating monthly profits between $8,000 and $30,000, depending on the coin mined. Now, by waving off the custom fee for its customers, the company has further enhanced the profitability of its miners.\nThe term hash rate refers to the speed at which a computer is able to perform hashing computations. In the context of cryptocurrency mining, it represents the efficiency and performance of a mining machine. A higher hash rate creates a better chance of receiving the block reward. Therefore, the hash rate is directly proportional to a miner's profitability.For more details, please visithttps://www.bithull.com/BitHull S.A is a technology company dedicated to developing next-generation hardware for cryptocurrency mining. The company is run by a team of experts with a track record of delivering world-class tech components such as FPGA chips to numerous industry heavyweights.\nSOURCE:BitHull S.A. via EQS Newswire\nView source version on accesswire.com:https://www.accesswire.com/584977/BitHull-SA-BitHull-Waives-off-Custom-Fees-for-its-Miners", 'Bitcoin endured a surprisingly volatile Easter weekend as it traded within a 10% range between $7,300 and $6,570. As of Tuesday morning it is trading firmly in the middle of that range, with price being lured back towards the $6,800 mark. Bitcoin continues to present a number of bullish cases on both lower and higher time frames, the first of which would be a breakout above the $7,400 level of resistance before next month’s halving event. The next test would be taking out the daily 200 moving average, which is currently in confluence with the $8,080 level. However, from a higher time frame perspective Bitcoin needs to avoid closing daily and weekly candles beneath the diagonal trendline dating back to 2017, which is now at around $4,500. A break below this level would indicate a transition into a bearish phase in the market, with downside targets continuing to emerge at $1,800 and $1,150. Another point of resistance to the upside is at around $9,400 as it connects to the diagonal trendline dating back to December 2017, which has not been broken for more than two years. Regardless of whether the halving has the desired impact on price action remains to be seen, but from a short-term perspective the trend is absolutely bullish with Bitcoin being 71.68% up since the turn of the year despite economic instability driven by the Coronavirus. 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.', 'Bitcoin endured a surprisingly volatile Easter weekend as it traded within a 10% range between $7,300 and $6,570. As of Tuesday morning it is trading firmly in the middle of that range, with price being lured back towards the $6,800 mark. Bitcoin continues to present a number of bullish cases on both lower and higher time frames, the first of which would be a breakout above the $7,400 level of resistance before next month’s halving event. The next test would be taking out the daily 200 moving average, which is currently in confluence with the $8,080 level. However, from a higher time frame perspective Bitcoin needs to avoid closing daily and weekly candles beneath the diagonal trendline dating back to 2017, which is now at around $4,500. A break below this level would indicate a transition into a bearish phase in the market, with downside targets continuing to emerge at $1,800 and $1,150. Another point of resistance to the upside is at around $9,400 as it connects to the diagonal trendline dating back to December 2017, which has not been broken for more than two years. Regardless of whether the halving has the desired impact on price action remains to be seen, but from a short-term perspective the trend is absolutely bullish with Bitcoin being 71.68% up since the turn of the year despite economic instability driven by the Coronavirus. 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 **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49, 6859.08, 6971.09, 6845.04] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-04-14 **Financial & Commodity Data:** - Gold Closing Price: $1756.70 - Crude Oil Closing Price: $20.11 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $134,739,010,006 - Hash Rate: 125086031.222819 - Transaction Count: 288113.0 - Unique Addresses: 549230.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.15 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: (Bloomberg) -- U.S. equities tumbled, with the S&P 500 dropping the most since February 2018, as authorities struggled to keep the coronavirus from spreading more widely outside China. Havens including Treasuries and gold surged. In a dramatic day across markets, these were some of the standout moves: All three main U.S. stock benchmarks slumped more than 3%. The Dow Jones Industrial Average and S&P erased all of their gains for the year. All 11 sectors of the S&P closed in the red.The FANG cohort of megacap tech shares that led the year’s rally plunged more than 4%. AMD Corp. led losses in chipmakers exposed to China, at one point sinking more than 10%. High-flyers Virgin Galactic and Tesla each fell more than 5%. Alpha Pro Tech, maker of protective clothing and masks, surged more than 25%.The Stoxx Europe 600 Index slid 3.8% on trading volumes well above average for the largest drop since 2016 as investors fled travel and luxury-goods shares. A gauge of credit risk on the region’s high-yield companies jumped.The yield on 10-year Treasuries approached the 2016 record low.South Korea’s benchmark dropped 3.9%, leading declines across Asia, though Japan’s markets were shut for a holiday.Spot gold approached $1,700, while Brent crude oil tumbled about 5%. The risk-off mood hardened as the epidemic spread to more than 30 countries, with South Korea reporting a jump in infections and Italy locking down an area of 50,000 people near Milan. Finance chiefs and central bankers from the largest economies warned this weekend that they saw the virus bringing downside risks to global growth. “Stock markets around the world are beginning to price in what bond markets have been telling us for weeks -- that global growth is likely to be impacted in a meaningful way due to fears of the coronavirus,” said Chris Zaccarelli, chief investment officer for Independent Advisor Alliance. Governments and companies are curbing travel and trade in an attempt to contain a novel pathogen that can be transmitted by people without symptoms. Today’s market moves follow on last week’s surge into havens after fresh warnings by companies over the potential impact of the virus on business and global supply chains. Adding to the anxiety Monday was China announcing an easing of the quarantine of Wuhan, only to retract the statement hours later. “Markets hate uncertainty and the coronavirus represents the most uncertain macro risk markets have faced in years,” said Alec Young, managing director of global markets research at FEST Russell. “Investors are also acutely aware that many misjudged the economic severity of the virus early on, making them more open to entertaining worst-case scenarios now.” Story continues Elsewhere, Italian bonds dropped on concern that the spread of the coronavirus may push the economy into a recession. The Australian dollar weakened to an 11-year low and the offshore yuan held most of last week’s decline. Bitcoin slumped. These are some key events coming up: Earnings keep rolling in from companies including: Home Depot Inc. on Tuesday; Peugeot SA on Wednesday; Baidu Inc., Best Buy Co. Inc., Occidental Petroleum Corp. and Dell Technologies Inc. on Thursday; and London Stock Exchange Group Plc on Friday.The Democratic presidential debate in South Carolina is on Tuesday.The Bank of Korea announces its policy decision on Thursday, with risks to the outlook growing amid a surge in coronavirus cases.U.S. jobless claims, GDP and durable goods data are out Thursday.Japan industrial production, jobs, and retail sales figures are due on Friday. These are the main moves in markets: To contact the reporters on this story: Vildana Hajric in New York at [email protected];Claire Ballentine in New York at [email protected] To contact the editors responsible for this story: Jeremy Herron at [email protected], Dave Liedtka For more articles like this, please visit us at bloomberg.com Subscribe now to stay ahead with the most trusted business news source. ©2020 Bloomberg L.P. View comments... - Reddit Posts (Sample): [['u/MasterTheGame', 'If the bitcoin market crashes again...', 10, '2020-04-14 02:23', 'https://www.reddit.com/r/Crypto_com/comments/g0v4b9/if_the_bitcoin_market_crashes_again/', "I tell you one thing. If the bitcoin and overall crypto markets tank again like they did briefly last month I'm loading up on CRO and MCO!\nThey have real utility and I didn't think about it at the time but I coulda snatched up these at half price. \nLive and learn ig.", 'https://www.reddit.com/r/Crypto_com/comments/g0v4b9/if_the_bitcoin_market_crashes_again/', 'g0v4b9', [['u/LegitlyChickenbutt', 12, '2020-04-14 02:43', 'https://www.reddit.com/r/Crypto_com/comments/g0v4b9/if_the_bitcoin_market_crashes_again/fnbyp54/', 'I actually saved a lot of money because of holding MCO during the crash. So grateful', 'g0v4b9'], ['u/maxicrewed', 10, '2020-04-14 04:01', 'https://www.reddit.com/r/Crypto_com/comments/g0v4b9/if_the_bitcoin_market_crashes_again/fnc6je4/', 'The higher tiered cards look so tempting. Patience.', 'g0v4b9']]], ['u/mrcrypto2', 'Venmo is often listed as a competitor to Bitcoin (or Bitcoin Cash) - really?? Venmo is worst piece of garbage I have ever used.', 20, '2020-04-14 03:33', 'https://www.reddit.com/r/btc/comments/g0w9iz/venmo_is_often_listed_as_a_competitor_to_bitcoin/', "First of all, I am seeing the amounts and reasons why complete strangers are sending each other money. I can also infer (quite innocently) who my ex-wife is dating now. Are you fucking kidding me Venmo!?? Who thinks this is ok!?? I used it because it was either that or drive 60 minutes to pay a contractor. It took half a day to get set up and the results are horrifying. \n\nMy god, if we can't compete with garbage platforms like Venmo , something is truly wrong with us.", 'https://www.reddit.com/r/btc/comments/g0w9iz/venmo_is_often_listed_as_a_competitor_to_bitcoin/', 'g0w9iz', [['u/dmautz', 16, '2020-04-14 04:52', 'https://www.reddit.com/r/btc/comments/g0w9iz/venmo_is_often_listed_as_a_competitor_to_bitcoin/fncbesi/', "The average person dosn't care much about privacy. They care about sending people money easily. After getting your bank account confrimed, venmo is extremely easy to use. They see the social parts of venmo as a fun little quirk, not an invasion of privacy.\n\nIf you want to compete on things like privacy, custody, and finality you have to first educate the masses and make them topics they even care about. Because right now they don't. Maybe with more commercial use people will start caring more.", 'g0w9iz']]], ['u/freakroach', '[Deals] Deals With Gold and Spotlight sales for this week (Apr 14th - Apr 20th)', 111, '2020-04-14 03:42', 'https://www.reddit.com/r/xboxone/comments/g0werz/deals_deals_with_gold_and_spotlight_sales_for/', "| Game | USD | GBP | EUR | AUD | CAD | Type |\n|:---- |:---- |:---- |:---- |:---- |:---- |:---- |\n| [2Dark](https://www.microsoft.com/store/p/2Dark/BSN59ZHCMTRX)|$2.99|£2.39|€2.99|AU $3.99|$3.39|Spotlight |\n| [8-Bit Hordes](https://www.microsoft.com/store/p/8Bit-Hordes/BV9V78HQ6PK3)|$5.99|£5.35|€5.99|AU $11.39|$7.99|Spotlight |\n| [8-Bit Invaders!](https://www.microsoft.com/store/p/8Bit-Invaders/BX3P1BN115JP)|$2.99|£2.67|€2.99|AU $5.69|$3.99|Spotlight |\n| [A Hat in Time](https://www.microsoft.com/store/p/A-Hat-in-Time/BX91DHSR4C5T)|$14.99|£11.99|€14.99|-|$14.99|Spotlight |\n| [A Knight's Quest](https://www.microsoft.com/store/p/A-Knights-Quest/C1Q2M0GDC8BM)|$9.99|£7.99|€9.99|AU $14.98|$12.79|Deal With Gold |\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| [America’s Greatest Game Shows: Wheel of Fortune® & Jeopardy!®](https://www.microsoft.com/store/p/Americas-Greatest-Game-Shows-Wheel-of-Fortune-and-Jeopardy/BVZCP3DP3DZ0)|$15.99|-|-|AU $23.18|$21.39|Spotlight |\n| [American Ninja Warrior: Challenge](https://www.microsoft.com/store/p/American-Ninja-Warrior-Challenge/C4RKLHM8DJQQ)|$11.99|-|-|-|$11.99|Spotlight |\n| [Arcade Classics Anniversary Collection](https://www.microsoft.com/store/p/Arcade-Classics-Anniversary-Collection/9PL5V82NZNJS)|$7.99|£6.39|€7.99|AU $12.86|$10.39|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| [ARK: Survival Evolved](https://www.microsoft.com/store/p/ARK-Survival-Evolved/BNBLC4ZGFNKB)^( **Enhanced** **HDR** )|$14.99|£13.49|€16.49|AU $23.98|$17.99|Spotlight |\n| [ARK: Survival Evolved Explorer's Edition](https://www.microsoft.com/store/p/ARK-Survival-Evolved-Explorers-Edition/BPP79RSDN892)|$31.49|£26.24|€29.74|AU $45.30|$34.99|Spotlight |\n| [Ash of Gods: Redemption](https://www.microsoft.com/store/p/Ash-of-Gods-Redemption/9N3HS1Q4B8QK)|$20.99|£17.49|€20.99|AU $31.46|$27.99|Deal With Gold |\n| [Attack of the Toy Tanks](https://www.microsoft.com/store/p/Attack-of-the-Toy-Tanks/9PNJFGL2LJP6)|$3.24|£3.24|€3.24|AU $4.84|$4.21|Spotlight |\n| [AWAY: Journey To The Unexpected](https://www.microsoft.com/store/p/Away-Journey-To-The-Unexpected/BPD69V4XZFLM)|$5.09|£4.07|€5.09|-|$5.09|Spotlight |\n| [Battle Worlds: Kronos](https://www.microsoft.com/store/p/Battle-Worlds-Kronos/BQ29CK8F9918)|$2.99|£2.39|€2.99|-|$2.99|Spotlight |\n| [Battleship](https://www.microsoft.com/store/p/BATTLESHIP/BPX2DBJS60SQ)|$5.99|£4.63|€5.99|AU $8.78|$5.99|Spotlight |\n| [Beast Quest](https://www.microsoft.com/store/p/Beast-Quest/BR41RP923NG4)|$4.49|£3.74|€4.49|AU $6.74|$5.84|Spotlight |\n| [Ben 10](https://www.microsoft.com/store/p/Ben-10/C2TKN8H27M78)|$9.99|£9.99|€9.99|AU $13.47|$9.99|Spotlight |\n| [Big Buck Hunter Arcade](https://www.microsoft.com/store/p/Big-Buck-Hunter-Arcade/C0JF4GKTQRMT)|$4.99|£3.99|€4.99|AU $6.73|$4.99|Spotlight |\n| [Big Crown: Showdown](https://www.microsoft.com/store/p/Big-Crown-Showdown/C0JDF1N3TWMW)|$1.94|£1.49|€1.94|AU $2.79|$2.24|Spotlight |\n| [Black Mirror](https://www.microsoft.com/store/p/Black-Mirror/C29QZC55CCZG)|$7.99|£6.39|€7.99|AU $10.49|$7.99|Spotlight |\n| [Blazing Chrome](https://www.microsoft.com/store/p/Blazing-Chrome/9N5P2152RBPM)|$8.49|£7.12|€8.49|AU $12.72|$10.99|Spotlight |\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| [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| [Boggle](https://www.microsoft.com/store/p/Boggle/C58BNJCDWJ4X)|$4.99|£3.99|€4.99|AU $7.05|$4.99|Spotlight |\n| [Bombslinger](https://www.microsoft.com/store/p/Bombslinger/BT24WP5F0JCB)|$2.99|£2.39|€2.99|-|$2.99|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: 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| [Brothers - A Tale of Two Sons](https://www.microsoft.com/store/p/Brothers-a-Tale-of-Two-Sons/C4Q29CMJ31NX)|$3.99|£2.99|€3.99|AU $7.99|$4.99|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| [Cartoon Network: Battle Crashers](https://www.microsoft.com/store/p/Cartoon-Network-Battle-Crashers/BPLQD16T5ZTV)|$4.99|£5.99|€7.49|AU $9.98|$4.99|Spotlight |\n| [Castle Crashers Remastered](https://www.microsoft.com/store/p/Castle-Crashers-Remastered/C10GWTNNNBZ8)|$2.99|£2.39|€2.99|AU $3.99|$2.99|Spotlight |\n| [Castlevania Anniversary Collection](https://www.microsoft.com/store/p/Castlevania-Anniversary-Collection/9PHM9KWZC44F)|$7.99|£6.39|€7.99|AU $12.86|$10.39|Spotlight |\n| [Child of Light](https://www.microsoft.com/store/p/Child-of-Light/BQ9Q620NC614)|$3.74|£2.99|€3.74|AU $4.98|$3.74|Spotlight |\n| [Child of Light® Ultimate Edition](https://www.microsoft.com/store/p/Child-of-Light-Ultimate-Edition/BXGRTCJWGLJF)|$5.62|-|-|-|$5.62|Spotlight |\n| [Children of Morta](https://www.microsoft.com/store/p/Children-of-Morta/9P675WH90SB4)|$14.73|£12.38|€14.73|AU $22.07|$18.75|Spotlight |\n| [Chroma Squad](https://www.microsoft.com/store/p/Chroma-Squad/BWTWXQRHVX6F)|$3.74|£2.99|€3.74|AU $4.98|$4.99|Spotlight |\n| [Citizens of Space](https://www.microsoft.com/store/p/Citizens-of-Space/9P3TX1C1KRK1)|$5.99|£4.79|€5.99|AU $8.98|$7.99|Spotlight |\n| [Clouds & Sheep 2](https://www.microsoft.com/store/p/Clouds-and-Sheep-2/BT0G0RCNDBFZ)|$1.99|£1.59|€1.99|-|$1.99|Spotlight |\n| [Conarium](https://www.microsoft.com/store/p/Conarium/C1VP5VMB1RC6)^( **Enhanced** )|$6.59|£5.52|€6.59|AU $9.88|$8.57|Deal With Gold |\n| [Contra Anniversary Collection](https://www.microsoft.com/store/p/Contra-Anniversary-Collection/9N3XQ7HX9RQ3)|$7.99|£6.39|€7.99|AU $12.86|$10.39|Spotlight |\n| [CONTRA: ROGUE CORPS](https://www.microsoft.com/store/p/CONTRA-ROGUE-CORPS/9MWM1C56H8HB)|$15.99|£15.99|€15.99|AU $23.08|$20.79|Spotlight |\n| [Crayola Scoot](https://www.microsoft.com/store/p/Crayola-Scoot/BXNV9ZLK1CX9)|$5.99|£4.99|€5.99|AU $7.99|... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Riot Blockchain, one of the few publicly traded bitcoin mining companies in the U.S., has executed a co-location mining services contract with a crypto data center Coinmint. Announced Tuesday, the Colorado-based firm will send a portion of its S17 bitcoin mining machines from its facilities in Oklahoma City to Coinmint’s power plant in upstate New York. The move came two months after Riot purchased 1,060 Bitmain S17 Pro Antminers for that facility. The addition is part of Riot’s recent expansion in bitcoin mining. Related: Bitmain Partially Refunds Bitcoin Miner Buyers After Price Cuts The firm bought 4,000 miners from Bitmain with $6.35 million in December and installed 3,000 miners in the following month. The firm expects to boost its computing capacity by 240 percent with the latest addition. “Riot believes the hosting arrangement can positively impact its power costs, the Oklahoma City facility’s heat and environmental operating issues, and provide a path to diversify its mining operations,” Riot said in a statement . According to the contract, Coinmint’s Massena, N.Y., facility will be responsible for initial operational, security and reporting controls testing and verification. As one of the largest crypto data centers in the U.S., Coinmint claims to have 435 megawatts of transformer capacity. It was converted to a data center from an aluminum smelter in 2016. The plant can generate excess power in part due to the abundant hydroelectric and wind generation in the area. Its management experiences in wholesale electricity markets is another economic advantage for Coinmint to operate mining machines, according to Riot. Related: New York Power Plant Sells 30% of Its Bitcoin Mining Hashrate to Institutional Buyers Riot has also assessed how COVID-19’s impact on its relocation plan and concluded that the novel coronavirus’ risks are reasonably mitigated due to the “plug and play ” infrastructure of Coinmint’s facilities. “To date, the impact has remained minimal,” Riot said. Story continues Riot’s rearrangement with its mining facilities could also be part of its shift from crypto trading to bitcoin mining businesses. The firm has been on the lookout for potential buyers for its crypto trading platform RiotX since February. Chicago-based financial services firm XMS Capital Partners, which advises on potential strategic deals for Riot, identified this opportunity as part of its engagement with the firm. Related Stories Bitcoin Miner Maker Canaan Lost $148M in 2019 Bitcoin Cash Undergoes ‘Halving’ Event, Casting Shadow on Miner Profitability', 'Riot Blockchain, one of the few publicly traded bitcoin mining companies in the U.S., has executed a co-location mining services contract with a crypto data center Coinmint.\nAnnounced Tuesday, the Colorado-based firm will send a portion of its S17bitcoinmining machines from its facilities in Oklahoma City to Coinmint’spower plantin upstate New York.\nThe move came two months after Riot purchased 1,060 Bitmain S17 Pro Antminers for that facility. The addition is part of Riot’srecent expansionin bitcoin mining.\nRelated:Bitmain Partially Refunds Bitcoin Miner Buyers After Price Cuts\nThe firm bought 4,000 miners from Bitmain with $6.35 million in December and installed 3,000 miners in the following month. The firm expects to boost its computing capacity by 240 percent with the latest addition.\n“Riot believes the hosting arrangement can positively impact its power costs, the Oklahoma City facility’s heat and environmental operating issues, and provide a path to diversify its mining operations,” Riot said in astatement.\nAccording to the contract, Coinmint’s Massena, N.Y., facility will be responsible for initial operational, security and reporting controls testing and verification. As one of the largest crypto data centers in the U.S., Coinmint claims to have 435 megawatts of transformer capacity. It was converted to a data center from an aluminum smelter in 2016.\nThe plant can generate excess power in part due to the abundant hydroelectric and wind generation in the area. Its management experiences in wholesale electricity markets is another economic advantage for Coinmint to operate mining machines, according to Riot.\nRelated:New York Power Plant Sells 30% of Its Bitcoin Mining Hashrate to Institutional Buyers\nRiot has also assessed how COVID-19’s impact on its relocation plan and concluded that the novel coronavirus’ risks are reasonably mitigated due to the “plug and play ” infrastructure of Coinmint’s facilities. “To date, the impact has remained minimal,” Riot said.\nRiot’s rearrangement with its mining facilities could also be part of itsshiftfrom crypto trading to bitcoin mining businesses. The firm has been on the lookout for potential buyers for its crypto trading platform RiotX since February.\nChicago-based financial services firm XMS Capital Partners, which advises on potential strategic deals for Riot, identified this opportunity as part of its engagement with the firm.\n• Bitcoin Miner Maker Canaan Lost $148M in 2019\n• Bitcoin Cash Undergoes ‘Halving’ Event, Casting Shadow on Miner Profitability', 'Riot Blockchain, one of the few publicly traded bitcoin mining companies in the U.S., has executed a co-location mining services contract with a crypto data center Coinmint.\nAnnounced Tuesday, the Colorado-based firm will send a portion of its S17bitcoinmining machines from its facilities in Oklahoma City to Coinmint’spower plantin upstate New York.\nThe move came two months after Riot purchased 1,060 Bitmain S17 Pro Antminers for that facility. The addition is part of Riot’srecent expansionin bitcoin mining.\nRelated:Bitmain Partially Refunds Bitcoin Miner Buyers After Price Cuts\nThe firm bought 4,000 miners from Bitmain with $6.35 million in December and installed 3,000 miners in the following month. The firm expects to boost its computing capacity by 240 percent with the latest addition.\n“Riot believes the hosting arrangement can positively impact its power costs, the Oklahoma City facility’s heat and environmental operating issues, and provide a path to diversify its mining operations,” Riot said in astatement.\nAccording to the contract, Coinmint’s Massena, N.Y., facility will be responsible for initial operational, security and reporting controls testing and verification. As one of the largest crypto data centers in the U.S., Coinmint claims to have 435 megawatts of transformer capacity. It was converted to a data center from an aluminum smelter in 2016.\nThe plant can generate excess power in part due to the abundant hydroelectric and wind generation in the area. Its management experiences in wholesale electricity markets is another economic advantage for Coinmint to operate mining machines, according to Riot.\nRelated:New York Power Plant Sells 30% of Its Bitcoin Mining Hashrate to Institutional Buyers\nRiot has also assessed how COVID-19’s impact on its relocation plan and concluded that the novel coronavirus’ risks are reasonably mitigated due to the “plug and play ” infrastructure of Coinmint’s facilities. “To date, the impact has remained minimal,” Riot said.\nRiot’s rearrangement with its mining facilities could also be part of itsshiftfrom crypto trading to bitcoin mining businesses. The firm has been on the lookout for potential buyers for its crypto trading platform RiotX since February.\nChicago-based financial services firm XMS Capital Partners, which advises on potential strategic deals for Riot, identified this opportunity as part of its engagement with the firm.\n• Bitcoin Miner Maker Canaan Lost $148M in 2019\n• Bitcoin Cash Undergoes ‘Halving’ Event, Casting Shadow on Miner Profitability', 'Bitcoin rose by 0.39% on Tuesday. Partially reversing a 0.98% fall from Monday, Bitcoin ended the day at $6,874.0. A mixed start to the day saw Bitcoin rise to an early morning high $6,927.9 before hitting reverse. Falling short of the major resistance levels, Bitcoin slid to a late morning intraday low $6,762.6. Steering clear of the first major support level at $6,640.87, Bitcoin rallied to a late afternoon intraday high $6,985.0. Bitcoin came within range of the first major support level at $6,986.77 before easing back to 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 mixed day on Tuesday. Binance Coin rallied by 3.78% to lead the way on the day. EOS (+0.57%), Ethereum (+1.21%), Monero’s XMR (+1.88%), and Tezos (+0.26%0 also ended the day in the green. Bitcoin Cash ABC led the way down on Tuesday, with a 1.43% loss. Bitcoin Cash SV (-0.08%), Cardano’s ADA (-0.21%), Litecoin (-0.36%), Ripple’s XRP (-0.89%), Stellar’s Lumen (-0.16%), and Tron’s TRX (-0.75%) also ended the day in the red. Through the start of the week, the crypto total market cap fell from a Monday high $198.52bn to a low $190.67bn. On Tuesday, the total market cap rose to a current week high $198.64bn before easing back. At the time of writing, the total market cap stood at $197.55bn. Bitcoin’s dominance held steady at sub-65% levels on Monday. At the time of writing, Bitcoin’s dominance stood at 64.1%. 24-hour trading volumes rose from sub-$120bn levels to hit $145bn levels on Monday before falling back. At the time of writing, 24-hr volumes stood at $119.04bn. This Morning At the time of writing, Bitcoin was up by 0.86% to $6,932.80. A mixed start to the day saw Bitcoin fall to an early morning low $6,808.0 before rising to a high $6,940.6. Story continues Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Stellar’s Lumen bucked the trend early on, falling by 0.40%. It was a bullish start to the day for the rest of the majors. Cardano’s ADA **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-04-15 **Financial & Commodity Data:** - Gold Closing Price: $1727.20 - Crude Oil Closing Price: $19.87 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $134,739,010,006 - Hash Rate: 123623036.705593 - Transaction Count: 310253.0 - Unique Addresses: 612959.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.18 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: American and European equity markets extended their gains on Thursday while major cryptocurrencies made only slight moves on the day. Bitcoin (BTC) was up 1 percent while ether (ETH) up by less than 1 percent. Notable 24 hour performances on CoinDesk’s digital asset board today as of 20:00 UTC include monero (XMR), up 8 percent; tron (TRX), up 3 percent and IOTA (IOTA) in the green by 2 percent. Assets in the red include bitcoin SV (BSV), down 1 percent; NEO (NEO) lower by less than 1 percent and Zcash (ZEC) down under 1 percent. Japan’s Nikkei 225 Index closed its day at 5:00 UTC down 4.5 percent, a reversal for the key Asian equities market after spending the week closing in the green. As for Europe, the FTSE 100 Index was up 2 percent at its session close 17:00 UTC. This comes after the British equity index delivered its second-best percentage gain on record on Tuesday, March 24, climbing 9.1 percent. In the U.S., the S&P 500 Index closed up 6 percent at 20:00 UTC. Related: Bitcoin and Ether Prices Stagnate as Traders Take Wait-and-See Approach “Looks like stimulus is short-term good for all assets, crypto included,” said Kevin Zhou, CEO of algorithmic trading firm Galois Capital. See also: We Won’t Ever Think About the Financial System the Same Way Indeed, while stimulus appears to be keeping markets up, longer-term economic troubles loom. U.S. industrial output has already taken a significant hit as coronavirus and government-mandated business closures hit crucial economic engines. On March 24, IHS Markit released its monthly report on the composite Purchasing Managers’ Index (PMI). PMI tracks the overall health of the U.S. manufacturing and service sectors and it came in at 40.5, down from 49.6 in February, the largest drop since 2008. Related: Strange Days: S&P 500 Is More Volatile Than Bitcoin This Month “We may very well be in a recession, but I would point to the difference between this and a normal recession,” U.S. Federal Reserve Chairman Jerome Powell said March 26 in an interview with NBC. “There is nothing fundamentally wrong with our economy,” he added. Story continues On Sunday, U.S. Treasury Secretary Steve Mnuchin said his department will work with Congress on creating financing programs, which he estimated could involve as much as $4 trillion. In addition, the government intends to provide another $2 trillion in stimulus to individual Americans, a measure passed unanimously in the Senate and set for vote in the House Friday. “Pouring $6 trillion artificially creates somewhat of a ‘positive’ effect. But to me it’s like a bomb in slow motion. We will see dramatic consequences of these decisions,” said Constantin Kogan, a partner at cryptocurrency fund-of-funds BitBull Capital. Indeed, cryptocurrency traders are concerned with the direction bitcoin price might go. The market experienced a huge jump around 12:00 UTC on March 23. After that big bounce, bitcoin’s price has been in a range between $6,400 and $6,900 on Coinbase since March 24. See also: Bitcoin Is a Safe Haven for a Worse Storm Than This “I don’t know what to make of this market right now. I am a little confused, to be honest,” said Jack Tan, founding partner of Taiwan-based crypto trading firm Kronos Research. “I don’t hold any particular views of the market at this point. But we did sell some longs,” he added. Related Stories After Coronavirus ‘War,’ Bretton Woods-Style Shakeup Could Dethrone the Dollar Investors Regained Confidence in Bitcoin Amid Price Recovery, Data Suggests... - Reddit Posts (Sample): [['u/slvbtc', "Bitcoins biggest yet most disregarded benefit over gold is it's unconfiscatability.", 64, '2020-04-15 00:16', 'https://www.reddit.com/r/Bitcoin/comments/g1f63b/bitcoins_biggest_yet_most_disregarded_benefit/', "If we enter a depression > financial crisis > global fiat currency collapse, governments will have no choice but to try to back their currencies with something scarce again to stop a catastrophic loss in confidence of their currencies. There will be no choice. Some smart governments have been buying gold like crazy the last decade in anticipation of this, but most have not. \n\nIn this global governmental rush to back currencies with gold again most countries will call on the confiscation of the populations private gold holdings in an attempt to obtain gold that can no longer be sourced on the open market. Some will do it reasonably just like how the US confiscated its citizens Gold on April 5th 1933, and some countries with unjust legal systems will do it unreasonably via forcible seizure. \n\nGovernments will implement fines and prison sentences for everyone who does not hand over their gold for worthless fiat and they will nationalise gold mines under the guise of trying to help their nation.\n\nGovernments will start to help each other confiscate gold held in other countries, for example Singapore will rat out US citizens who store gold in Brinks Singapore and repatriate that gold back to the US etc.\n\nAnyone with investment grade gold stored in seizable locations like private vault storage will end up with nothing but a pile of collapsing fiat in return for their years of prudent investing.\n\nHowever, amongst all of this chaos and drama there will be one thing overlooked. The one thing that if stored properly is unconfiscatable. The one thing you can hide in your brain if need be. The one thing that can't be seized or repatriated.\n\nDigital gold.\n\nWithout decree or force, and without the mark of any government, it will become the only truly honest money, it will become the defacto money of free people worldwide.", 'https://www.reddit.com/r/Bitcoin/comments/g1f63b/bitcoins_biggest_yet_most_disregarded_benefit/', 'g1f63b', [['u/Mark_Bear', 31, '2020-04-15 00:25', 'https://www.reddit.com/r/Bitcoin/comments/g1f63b/bitcoins_biggest_yet_most_disregarded_benefit/fnf81my/', "Gold is expensive to store securely.\n\nGold is extremely expensive and slow to transport securely, especially large amounts.\n\nGold is heavy, it takes up space.\n\nYou can't walk very far carrying a lot of gold. You can't swim at all with more than a few coins of gold.\n\nGold can be confiscated. Gold has already been confiscated by the US government.\n\nHighway robbers, corrupt border guards, pirates, and others can merely kill you, then take any gold you were transporting.\n\nTungsten's density is very close to that of gold. There are now gold-coated tungsten bars in circulation. It requires special equipment and know-how to detect gold-coated tungsten.\n\n## - -\n\nBitcoin is easy and inexpensive to store securely.\n\nBitcoin is inexpensive to transport, and compared to gold, transporting Bitcoin is 'instantaneous'.\n\nBitcoin weighs nothing and takes up little, if any space.\n\nBitcoin cannot be detected and can pass right through any border or airport.\n\nBitcoin won't stop refugees from walking long distances, nor from swimming across rivers.\n\nBitcoin cannot be confiscated. Robbers, pirates, corrupt cops, soldiers, etc. won't know you own any (unless you tell them), and they cannot merely kill you and take your Bitcoin.\n\nBitcoin can be sent across the Internet.", 'g1f63b']]], ['u/jeremysanders922', 'Is owning 0.78BTC of any significance?', 42, '2020-04-15 01:02', 'https://www.reddit.com/r/Bitcoin/comments/g1fz9p/is_owning_078btc_of_any_significance/', "Ok, so i'm 19, and South African, and was officially introduced to Bitcoin in December by a friend who believes in Bitcoin more than anything else as a save haven for protecting your wealth. Don't get me wrong, I absolutely believe in Bitcoin, and that it can go to the moon someday, but my question is, is 0.78BTC of any significance? My goal is to reach 1 full Bitcoin in the near future.. I have been doing alot of research on Bitcoin, and find it very interesting, I even have a Trezor where my coins are stored in..\n\nLet me know what your thoughts are, and i'm new here..", 'https://www.reddit.com/r/Bitcoin/comments/g1fz9p/is_owning_078btc_of_any_significance/', 'g1fz9p', [['u/sunbro43va', 40, '2020-04-15 02:19', 'https://www.reddit.com/r/Bitcoin/comments/g1fz9p/is_owning_078btc_of_any_significance/fnfkr0b/', 'Here’s some worthless number info that I love thinking about. \n\nSo, if you divided all of the money on the planet between everyone currently alive, everyone would get something like $8,000-$10,000 dollars.\n\n\nIf you were to divide all 21,000,000 of the available bitcoin to roughly 7 billion people, everyone would only get about .003 btc.\n\n\nNow this is all worthless simple math, but for shits and giggles, let’s assume bitcoin takes over all money supply, .003btc = $8-10K.\n\n.78/.003 = 260. 260 X $8,000 = $2,080,000\n\nAnd this is all nonsense hogwash, but it’s fun doing simple math like this from time to time. \n\nSorry to waste your time with that, but yes, I do think .78btc is quite significant!', 'g1fz9p'], ['u/time_wasted504', 46, '2020-04-15 03:24', 'https://www.reddit.com/r/Bitcoin/comments/g1fz9p/is_owning_078btc_of_any_significance/fnfrcos/', "> so i'm 19\n\n> introduced to Bitcoin in December\n\n> 0.78BTC\n\nyoure already wealthy.", 'g1fz9p'], ['u/bearCatBird', 20, '2020-04-15 06:43', 'https://www.reddit.com/r/Bitcoin/comments/g1fz9p/is_owning_078btc_of_any_significance/fng9mpl/', 'Here’s some more fun math.\n\nEvery 10 minutes 12.5 bitcoin are mined and at $6900 each that’s $86,000. \n\nBy 2032, the mining reward will be .78 bitcoin every 10 minutes. \n\nAssuming the price increases only enough to maintain the same block reward value, your investment will have 16x in 12 years. \n\nThat alone is a great return. \n\nMost likely it will be far more than that.', 'g1fz9p'], ['u/ListenToKyuss', 17, '2020-04-15 10:58', 'https://www.reddit.com/r/Bitcoin/comments/g1fz9p/is_owning_078btc_of_any_significance/fngqec5/', 'What an out of touch comment is this?', 'g1fz9p']]], ['u/AutoModerator', '[Daily Discussion] Wednesday, April 15, 2020', 39, '2020-04-15 06:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/g1kn6q/daily_discussion_wednesday_april_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=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/g1kn6q/daily_discussion_wednesday_april_15_2020/', 'g1kn6q', [['u/chalkyspider', 14, '2020-04-15 06:19', 'https://www.reddit.com/r/BitcoinMarkets/comments/g1kn6q/daily_discussion_wednesday_april_15_2020/fng7ph5/', 'bitcoin', 'g1kn6q'], ['u/abbeyeiger', 16, '2020-04-15 07:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/g1kn6q/daily_discussion_wednesday_april_15_2020/fngb9i3/', 'The drop that preceded the great depression retraced in a similar fashion', 'g1kn6q'], ['u/CosbyTeamTriosby', 14, '2020-04-15 07:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/g1kn6q/daily_discussion_wednesday_april_15_2020/fngcoxy/', 'trust me, you dont want to instant chat with these people', 'g1kn6q'], ['u/Quintall1', 10, '2020-04-15 11:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/g1kn6q/daily_discussion_wednesday_april_15_2020/fngqo0d/', 'please, give at least a link when saying stuff like that...', 'g1kn6q'], ['u/Quintall1', 13, '2020-04-15 11:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/g1kn6q/daily_discussion_wednesday_april_15_2020/fngra5z/', 'Wow, im fuckin sorry this happened, but dude, HOW? WHY? How can all your inner circuit breakers fail and you just give someone your money you dont know, just because some other dude you dont know vouches for him? \n\n\nWould you tell us what ballpark we are talking about? 1-5 BTC, 5-10, 20+?', 'g1kn6q'], ['u/Tadejus89', 11, '2020-04-15 11:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/g1kn6q/daily_discussion_wednesday_april_15_2020/fngtafp/', "Today we'll see a red day in stock markets. European markets started in red so IMO americans will follow that too. VIX is up quite significantly.\n\n​\n\nSo according to that Bitcoin should tank. I am not a fan of that theory. At least not for the long term. It has some effect on Bitcoin price looking short term. \n\n​\n\nBack in 2017 I was against CME futures. That shit is not for crypto markets. BAKKT? Majority of people here know its BS. And that woman called Loffler or what the heck is her name anyway is not doing anything good for Bitcoin. I think those people view BTC as some tiny asset in experimental stage and they will try to ... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94
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:** ['A hacker is exploiting trust in well-known brands by creating fake cryptocurrency wallet extensions for Google Chrome that trick victims into disclosing sensitive information.\nHarry Denley, director of security at wallet provider MyCrypto, who identified the fake wallet extensions, saidin a report Tuesdaythat Google has so far removed 49 extensions purporting to be well-known crypto wallets from its Chrome Web Store.\nThe fake extensions are basic phishing ploys. Posing as legitimate wallets, they leak personal information inputted by users, such as private keys and passwords, to the hacker, who can then drain balances in a matter of seconds.\nRelated:For Contact Tracing to Work, Americans Will Have to Trust Google and Apple\nThe fakes detected have so far claimed to be wallets including Ledger, Trezor, Jaxx, Electrum, MyEtherWallet, MetaMask, Exodus and KeepKey. Test amounts of crypto sent by Denley have not been picked up, suggesting that either the hacker has to manually empty wallets or they are only interested in comparatively large balances.\nSee also:Hacker Exploits Flaw in Decentralized Bitcoin Exchange Bisq to Steal $250K\nOn the Chrome Web Store most of these apps had consistently good reviews written typically in simplistic or broken English. On the basis that the admin email appears to be a Russian one, it’s possible the hacker could also be based there, Denley noted.\nMore than half of all malicious extensions reported have claimed to be hardware wallet maker Ledger – nearly double the next largest, MyEtherWallet, which was 22 percent of fake extensions. There’s no obvious reason why the hacker decided to focus so much on Ledger, Denley said in his report.\nRelated:FBI Warns COVID-19 Scammers Are Targeting Crypto Holders\nWhen asked if there’s a way to prevent hackers from creating new fake extensions, Denley told CoinDesk: “Not really, though Google could use the data from the 49 extensions we’ve flagged to build some detection – though it could be easily bypassed.”\nSee also:There’s a New Way to Get Your Stolen Crypto Back\n“Most of the malicious extensions had the same structure and same files which could be analysed,” he said. “The only way I can think of limiting the victim pool is by education and normalising the behaviour of not entering raw secrets into [user interfaces].”\nDenley has highlighted serious security threats in cryptocurrency wallets before. Last year, he wrote a paper showing how one supposedly secure wallet provider was in factissuing the same private keysto multiple users.\nDenley first detected the fake wallets in February. Since then, the number of reported phishing attacks has risen exponentially on a month-on-month basis. Because the hacker has not yet been identified, it’s possible they could continue creating fake wallet extensionsad infinitum.\n• Europe Debates COVID-19 Contact Tracing That Respects Privacy\n• OneCoin Lawsuit Could Be Thrown Out Over Plaintiff Failings, Warns Judge', 'A hacker is exploiting trust in well-known brands by creating fake cryptocurrency wallet extensions for Google Chrome that trick victims into disclosing sensitive information. Harry Denley, director of security at wallet provider MyCrypto, who identified the fake wallet extensions, said in a report Tuesday that Google has so far removed 49 extensions purporting to be well-known crypto wallets from its Chrome Web Store. The fake extensions are basic phishing ploys. Posing as legitimate wallets, they leak personal information inputted by users, such as private keys and passwords, to the hacker, who can then drain balances in a matter of seconds. Related: For Contact Tracing to Work, Americans Will Have to Trust Google and Apple The fakes detected have so far claimed to be wallets including Ledger, Trezor, Jaxx, Electrum, MyEtherWallet, MetaMask, Exodus and KeepKey. Test amounts of crypto sent by Denley have not been picked up, suggesting that either the hacker has to manually empty wallets or they are only interested in comparatively large balances. See also: Hacker Exploits Flaw in Decentralized Bitcoin Exchange Bisq to Steal $250K On the Chrome Web Store most of these apps had consistently good reviews written typically in simplistic or broken English. On the basis that the admin email appears to be a Russian one, it\x92s possible the hacker could also be based there, Denley noted. More than half of all malicious extensions reported have claimed to be hardware wallet maker Ledger \x96 nearly double the next largest, MyEtherWallet, which was 22 percent of fake extensions. There\x92s no obvious reason why the hacker decided to focus so much on Ledger, Denley said in his report. Related: FBI Warns COVID-19 Scammers Are Targeting Crypto Holders When asked if there\x92s a way to prevent hackers from creating new fake extensions, Denley told CoinDesk: \x93Not really, though Google could use the data from the 49 extensions we\x92ve flagged to build some detection \x96 though it could be easily bypassed.\x94 Story continues See also: There\x92s a New Way to Get Your Stolen Crypto Back \x93Most of the malicious extensions had the same structure and same files which could be analysed,\x94 he said. \x93The only way I can think of limiting the victim pool is by education and normalising the behaviour of not entering raw secrets into [user interfaces].\x94 Denley has highlighted serious security threats in cryptocurrency wallets before. Last year, he wrote a paper showing how one supposedly secure wallet provider was in fact issuing the same private keys to multiple users. Denley first detected the fake wallets in February. Since then, the number of reported phishing attacks has risen exponentially on a month-on-month basis. Because the hacker has not yet been identified, it\x92s possible they could continue creating fake wallet extensions ad infinitum. Related Stories Europe Debates COVID-19 Contact Tracing That Respects Privacy OneCoin Lawsuit Could Be Thrown Out Over Plaintiff Failings, Warns Judge', 'The use of the Ethereum network to move value around has shot to record levels.\nAWednesday tweetfrom Ryan Watkins, research analyst at Messari, revealed data showing the total value transferred on the Ethereum network, includingetherand ERC-20 stablecoins, now matches that of the Bitcoin network.\nThe numbers show “Ethereum is becoming the dominant value transfer layer in crypto,” he said.\nRelated:Open Interest in CME Bitcoin Futures Rises 70% as Institutions Return to Market\nValue transfer refers to the U.S. dollar value of the total units on a blockchain that are transferred on a given day. With Bitcoin, the metric refers to the USD value of all thebitcoinsent on a given day.\nValue transfer on Ethereum differs slightly. As well as its own ether cryptocurrency, Ethereum supports assets from third parties that can be sent and received over its network. For the above chart, value transfer on Ethereum refers to the USD value of both ETH and the Ethereum-based stablecoins that are transferred on on a given day.\nAnother chart from Messari show just how much the increase in the amount of value moved via USDT has boosted Ethereum’s numbers over the last few months.\nCiting concerns about the validity of Watkins’ findings, independent developer Udi Wertheimerexpressed his thoughtsregarding the exclusion of Omni data, a software layer on the Bitcoin network that includes the issuance of the world’s most used stablecoin, tether (USDT). The Ethereum chart had included data for USDT issued as an ERC-20 token.\nRelated:Coinbase Custody Doubles Down on DeFi Governance Options\n“USDT on Omni is bigger than all the non-USDT Ethereum-based stablecoins. If you include USDC and the smaller ones, you should also include Omni-USDT,” Wertheimer said.\nBut Watkins wasquick to answer, arguing the conclusion remained the same.\n“USDT transferred over Omni has dropped substantially as USDT has migrated over to Ethereum,” Watkins told CoinDesk.\n“Furthermore, the amount of value transferred on Ethereum is slightly underestimated because it only includes the top stablecoins that CoinMetrics provides data for, and not all Ethereum-based tokens,” he said.\nAccording to its “transparency” page, Tether said it has up toalmost $4.9 billion USDTon Ethereum, while it has up to $1.55 billion on Omni.\nIn his tweet thread, Watkins also noted stablecoins have just had their best quarter to date. Issuance in the first quarter of this year, he said, had “ballooned over $8 billion,” adding almost as much to the category’s market capitalization in Q1 as for all of 2019.\nSee also:G20 Watchdog Warns Nations to Mitigate Risks Posed by Libra-Like Stablecoins\n“Over the past two years, many stablecoin issuers have created stablecoins on Ethereum because of its flexible token standards that allow for the easy issuance and interoperability,” according to Watkins.\n“These stablecoins have grown so great in amount that they’re now being widely used as money on the Ethereum blockchain. Instead of sending and receiving value in ETH, which is volatile, users can send value in stablecoins which are price-stable with the U.S. dollar,” the researcher said.\n• Libra Scales Back Global Currency Ambitions in Concession to Regulators\n• Bitcoin Price Spikes Above $7.1K, Liquidating $23M on BitMEX', 'The use of the Ethereum network to move value around has shot to record levels. A Wednesday tweet from Ryan Watkins, research analyst at Messari, revealed data showing the total value transferred on the Ethereum network, including ether and ERC-20 stablecoins, now matches that of the Bitcoin network. The numbers show \x93Ethereum is becoming the dominant value transfer layer in crypto,\x94 he said. Related: Open Interest in CME Bitcoin Futures Rises 70% as Institutions Return to Market Value transfer refers to the U.S. dollar value of the total units on a blockchain that are transferred on a given day. With Bitcoin, the metric refers to the USD value of **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-04-16 **Financial & Commodity Data:** - Gold Closing Price: $1720.40 - Crude Oil Closing Price: $19.87 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $134,739,010,006 - Hash Rate: 123623036.705593 - Transaction Count: 310253.0 - Unique Addresses: 612959.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.13 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin (BTC) is struggling to gather upside traction on Tuesday despite a rally to multi-year highs for gold. The biggest cryptocurrency by market value, often touted as “digital gold,” is trading near $6,900 at press time, representing a marginal gain on the day, according to CoinDesk’sBitcoin Price Index. Prices jumped from $6,800 to $6,930 early Tuesday after better-than-expected China trade data for March pushed S&P 500 futures higher. The upward momentum, however, has stalled even though the futures are holding gains. Related:Bitcoin Tests $7K as Spot Trading Volumes Subside to Normal Levels Meanwhile, an ounce of gold is changing hands near $1,717, up 0.5 percent on the day, having hit a 7.5-year high of $1,730 during the Asian trading hours. The yellow metal is now up 9 percent on a month-to-date basis, while bitcoin is lagging with just a 5 percent gain. Gold seems to be benefiting from the U.S. Federal Reserve’s recent monetary stimulus, which has pushed its balance sheetabove$6 trillion for the first time on record. Also read:Why the US’ $2 Trillion Stimulus, Unlimited QE Will Expose the Monetary System’s Flaws The expansion is likely to continue as the central bank’s ongoing asset purchase program isopen-ended, meaning it will keep buying bonds as long as the economy needs support in battling downside pressures emanating from the coronavirus outbreak.Historically, the Fed’s balance sheet expansion has boded well for gold’s price. Related:Options Market Signals Doubt Bitcoin Price Will Rise After Halving Further, uncertainty around the short- and long-term economic impacts of the virus pandemic is forcing investors to pour money into safe havens like gold and U.S. Treasurys,according tothe World Gold Council. Most crypto market analystsare convincedthe factors, which are pushing gold higher, are bullish for bitcoin. Essentially, the cryptocurrency is expected to take up the role of a safe-haven asset. However, Frank Shostak, an associated scholar of the Mises Institute and chief economist and director of AAS Economics, thinks investors would prefer holding cash or investing in treasuries. “I am skeptical that in the time of a severe recession, people would want to deal with an electronic type of entity,” said Shostak. It’s worth noting that bitcoin has moved pretty much in line with the equity markets, or risk assets, right from the beginning of the coronavirus crisis. That makes it vulnerable to another round of selling in equities, which may be seen as a raft of U.S. corporate earnings reports due this week is expected to highlight the coronavirus-led downturn in the world’s largest economy. Short-term technical charts indicate the cryptocurrency islacking a clear directional bias. Bitcoin created a long-tailed candle on Monday, indicating dip demand near $6,600 and weakening the immediate bearish view put forward by a rising wedge breakdown seen on Friday. The cryptocurrency also encountered bearish pressures near $7,200 on weekend, as indicated by the long upper shadow attached to Sunday’s candle. The outlook, therefore, will remain neutral as long as prices are trapped in the $6,600–$7,200 range. A break above the top end could bring in stronger chart-driven buying and yield a rally toward $7,800. Alternatively, a move below the lower end of the trading range would open the doors to $7,100. Disclosure:The author currently holds no cryptocurrencies. • First Mover: Bitcoin Market Goes Into ‘Backwardation’ Despite Fed’s Trillions • Bitcoin Drops as Traders See Bearish Signals in Futures Markets... - 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.
7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Bitcoin rallied by 7.25% on Thursday. Reversing a 3.48% slide from Wednesday, Bitcoin ended the day at $7,114.7. A bearish start to the day saw Bitcoin slide to an early morning intraday low $6,500.4 before making a move. Bitcoin fell through the first major support level at $6,522.6 before rallying to a final hour intraday high $7,200.0. Bitcoin moved back through the first major support level before breaking through the first major resistance level at $6,842.7 and the second major resistance level at $7,051.7. While easing back late in the day, Bitcoin held onto $7,000 levels for the 1 st time since 9 th April. 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 on Thursday. Ethereum, EOS, and Tezos led the way, with gains of 12.95%, 10.59%, and 11.07% respectively. Binance Coin (+8.10%), Bitcoin Cash ABC (+9.63%), Bitcoin Cash SV (+7.37%), Cardano’s ADA (+8.10%), Litecoin (+8.40%), Monero’s XMR (+7.34%), and Stellar’s Lumen (+7.85%) also found strong support. Ripple’s XRP (+5.61%) and Tron’s TRX (+6.78%) trailed the pack on the day. Through the current week, the crypto total market cap rose to a current week high $204.39bn on Thursday. Wednesday’s sell-off had seen the total market cap fall to a current week low $187.38bn. At the time of writing, the total market cap stood at $204.08bn. Bitcoin’s dominance eased back from 64% levels following Thursday’s broad-based crypto rally. At the time of writing, Bitcoin’s dominance stood at 63.9%. 24-hour trading volumes rose from sub-$120bn levels to reach a current week high $168.48bn levels on Thursday before easing back. At the time of writing, 24-hr volumes stood at $163.20bn. Story continues This Morning At the time of writing, Bitcoin was up by 0.32% to $7,137.3. A mixed start to the day saw Bitcoin fall to an early morning low $7,037.5 before rising to a high $7,160.5. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Binance Coin and Stellar’s Lumen bucked the trend early on, with losses of 0.20% and 0.82% respectively. Tezos led the way early on, however, with a gain of 1.72% at the time of writing. For the Bitcoin Day Ahead Bitcoin would need to move through to $7,200 levels to bring the first major resistance level at $7,376.33 into play. Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $7,160.5. Barring another broad-based crypto rally, resistance at $7,200 would likely leave Bitcoin short of the first major resistance level. In the event of a broad-based crypto rally, Bitcoin could eye $7,500 levels before any pullback. Failure to move through to $7,200 levels could see Bitcoin fall back into the red. A fall through to sub-$6,940 levels would bring the first major support level at $6,676.73 into play. Barring a crypto meltdown, however, Bitcoin should steer of sub-$6,900 levels. This article was originally posted on FX Empire More From FXEMPIRE: Gold Price Prediction – Prices Trade Sideways as the Dollar Rallies USD/CAD Daily Forecast – U.S. Dollar Gains Ground Against The Canadian Dollar Technology Shares Leading US Markets Higher; Keep Your Eye on the VIX China Economic Data Delivers More Bad News, While COVID-19 Updates Provides Early Support EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 17/04/20 Asian Shares Rise on Hopes the Worst of Pandemic is Over', 'Bitcoin rallied by 7.25% on Thursday. Reversing a 3.48% slide from Wednesday, Bitcoin ended the day at $7,114.7.\nA bearish start to the day saw Bitcoin slide to an early morning intraday low $6,500.4 before making a move.\nBitcoin fell through the first major support level at $6,522.6 before rallying to a final hour intraday high $7,200.0.\nBitcoin moved back through the first major support level before breaking through the first major resistance level at $6,842.7 and the second major resistance level at $7,051.7.\nWhile easing back late in the day, Bitcoin held onto $7,000 levels for the 1sttime since 9thApril.\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 on Thursday.\nEthereum, EOS, and Tezos led the way, with gains of 12.95%, 10.59%, and 11.07% respectively.\nBinance Coin (+8.10%), Bitcoin Cash ABC (+9.63%), Bitcoin Cash SV (+7.37%), Cardano’s ADA (+8.10%), Litecoin (+8.40%), Monero’s XMR (+7.34%), and Stellar’s Lumen (+7.85%) also found strong support.\nRipple’s XRP (+5.61%) and Tron’s TRX (+6.78%) trailed the pack on the day.\nThrough the current week, the crypto total market cap rose to a current week high $204.39bn on Thursday. Wednesday’s sell-off had seen the total market cap fall to a current week low $187.38bn. At the time of writing, the total market cap stood at $204.08bn.\nBitcoin’s dominance eased back from 64% levels following Thursday’s broad-based crypto rally. At the time of writing, Bitcoin’s dominance stood at 63.9%.\n24-hour trading volumes rose from sub-$120bn levels to reach a current week high $168.48bn levels on Thursday before easing back. At the time of writing, 24-hr volumes stood at $163.20bn.\nAt the time of writing, Bitcoin was up by 0.32% to $7,137.3. A mixed start to the day saw Bitcoin fall to an early morning low $7,037.5 before rising to a high $7,160.5.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nBinance Coin and Stellar’s Lumen bucked the trend early on, with losses of 0.20% and 0.82% respectively.\nTezos led the way early on, however, with a gain of 1.72% at the time of writing.\nBitcoin would need to move through to $7,200 levels to bring the first major resistance level at $7,376.33 into play.\nSupport from the broader market would be needed, however, for Bitcoin to break out from the morning high $7,160.5.\nBarring another broad-based crypto rally, resistance at $7,200 would likely leave Bitcoin short of the first major resistance level.\nIn the event of a broad-based crypto rally, Bitcoin could eye $7,500 levels before any pullback.\nFailure to move through to $7,200 levels could see Bitcoin fall back into the red.\nA fall through to sub-$6,940 levels would bring the first major support level at $6,676.73 into play.\nBarring a crypto meltdown, however, Bitcoin should steer of sub-$6,900 levels.\nThisarticlewas originally posted on FX Empire\n• Gold Price Prediction – Prices Trade Sideways as the Dollar Rallies\n• USD/CAD Daily Forecast – U.S. Dollar Gains Ground Against The Canadian Dollar\n• Technology Shares Leading US Markets Higher; Keep Your Eye on the VIX\n• China Economic Data Delivers More Bad News, While COVID-19 Updates Provides Early Support\n• EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 17/04/20\n• Asian Shares Rise on Hopes the Worst of Pandemic is Over', 'Four months after Circle pivoted to stablecoins , the startup\x92s new business model has received an unexpected boost from the global coronavirus crisis, said co-founder and CEO Jeremy Allaire. U.S. dollar-backed blockchain tokens are surging in popularity around the world, and this time much of the demand is for payments in normal business transactions, not just to move money quickly between cryptocurrency exchanges, Allaire claimed. \x93Over the past several weeks, we have seen explosive interest and growth in USDC,\x94 he said, referring to the stablecoin Circle issues in partnership with Coinbase. \x93There is clearly very significant global demand for digital dollars, and the use of digital dollars as a new payment medium.\x94 Related: Why This Global Crisis Is a Defining Moment for Stablecoins New signups have come from e-commerce marketplaces, advertising networks, luxury goods producers, recruiting platforms, digital content markets, peer-to-peer lending platforms, payment companies, software firms, professional services firms, rewards businesses, mobile banking providers and other internet companies, Allaire said. \x93We are getting feedback from Asian market participants that there is more and more demand for USDC from SMEs seeking both the safety and utility of digital dollars,\x94 he said, using a term for small and medium-sized enterprises. See also: Millions in Crypto Is Crossing the Russia-China Border Daily. There, Tether Is King The company saw the number of Circle Business Accounts \x96 introduced last month for corporate clients to conduct business using USDC \x96 grow 700 percent over the past few weeks, with more than two-thirds of these businesses coming from outside the crypto space. Double-digit growth Related: In Canada They\x92re \x91Essential,\x92 In Argentina They\x92re Shut Down: Bitcoin Miners Reckon With COVID-19 According to CoinMetrics, USDC\x92s market capitalization, which equals the amount in circulation since it trades at par for dollars, has jumped 65 percent, from $444 million on March 1 to $734 million at press time. Story continues Allaire\x92s explanation for the surge suggests the crisis is accelerating mainstream adoption of blockchain technology, albeit a relatively tame variant. As a stablecoin, USDC is designed to hold its value against the dollar, not gyrate in price like bitcoin. It\x92s backed by real-world dollars held in a bank, for which it can be redeemed on demand. \x93We believe we are seeing a real turning point in the adoption of digital currency,\x94 Allaire said. See also: Circle Rolls Out Stablecoin Business Accounts, Preps SeedInvest for Sale This much is clear: Dollars, digital or otherwise, hav **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-04-17 **Financial & Commodity Data:** - Gold Closing Price: $1689.20 - Crude Oil Closing Price: $18.27 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $134,739,010,006 - Hash Rate: 92900151.843848 - Transaction Count: 284222.0 - Unique Addresses: 579437.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.15 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Binance is planning to launch its own mining pool, a first for the popular crypto exchange. The news was broken Tuesday by the Russian crypto news publication Coinlife and later confirmed by three sources in the mining business. Binance CEO Changpeng Zhaotweeted about the poolon Wednesday. “The company has already hired some professionals for this purpose, some of them former Bitmain employees. The launch is planned for the Q2 2020,”Coinlife wrote. Related:‘They Have the Users’: Binance CEO Explains Why He Bought CoinMarketCap Jakhon Khabilov, head of the Sigmapool mining pool, said Binance is already offering potential clients “generous” referral bonuses as it has been reaching out to some miners in China to promote the upcoming new service. See also:HIVE Blockchain to Double Bitcoin Mining Capacity Through $2.8M Share Deal The exchange is following the lead of its peers, OKex and Huobi, which launched their own mining pools inAugustandSeptember2019, respectively. Both exchanges’ pools are currently among the top 10 pools producing the most blocks in the Bitcoin blockchain, according toBlockchain.com. Alejandro de la Torre, the vice president of Poolin, currently number two most-popular mining pool, says the key motivation for exchanges to get into the bitcoin mining game is liquidity: Mining is the cheapest way to add liquidity to exchanges, he said. Related:HIVE Blockchain to Double Bitcoin Mining Capacity Through $2.8M Share Deal Igor Runets, CEO of the Bitriver mining farm in Russia, believes launching a mining pool is a logical step for a crypto exchange: “Both these businesses are software-based, so no additional professional skills are needed. The client base would largely overlap: many mining pool users are also clients of exchanges.” • How Bitcoin’s Price Slump Is Changing the Geography of Mining • Binance Cut Leveraged Tokens Because Users ‘Don’t Read Warning Notices’... - Reddit Posts (Sample): [['u/discoish', 'Bitcoin already has privacy - Its Monero. As time goes on, all crypto will merge and Monero will benefit from people choosing its privacy for their favorite coins. I can easily see this becoming the case.', 116, '2020-04-17 00:09', 'https://www.reddit.com/r/Monero/comments/g2ovg7/bitcoin_already_has_privacy_its_monero_as_time/', 'It would be amazing if all of crypto space recognizes monero as "what bitcoin noobs think they bought" - and who knows maybe that could happen -- but realistically, I think as time goes on and atomic swaps and other tech becomes more useful, the entire crypto space will become one large ecosystem and coins that have CLEAR proof of concept/use-case will benefit the most from users using them out of convenience, even if they never buy any to hold on to. Monero will be rewarded heavily just through sheer use-case, if it continues pushing the boundaries of privacy tech with many so many people processing their favorite cryptos thru the monero network.', 'https://www.reddit.com/r/Monero/comments/g2ovg7/bitcoin_already_has_privacy_its_monero_as_time/', 'g2ovg7', [['u/homutkas', 17, '2020-04-17 01:05', 'https://www.reddit.com/r/Monero/comments/g2ovg7/bitcoin_already_has_privacy_its_monero_as_time/fnmubsj/', 'if I had 10k I would invest 5k in Monero', 'g2ovg7'], ['u/thomask02', 40, '2020-04-17 03:03', 'https://www.reddit.com/r/Monero/comments/g2ovg7/bitcoin_already_has_privacy_its_monero_as_time/fnn6doc/', "Well people didn't choose Signal over WhatsApp, I don't see why they'd choose Monero over Bitcoin or Ethereum.", 'g2ovg7'], ['u/rofio01', 14, '2020-04-17 05:02', 'https://www.reddit.com/r/Monero/comments/g2ovg7/bitcoin_already_has_privacy_its_monero_as_time/fnnhkbk/', 'Monero has lower fees, better scaling, more decentralized mining, faster confirmations, and infinitely better privacy', 'g2ovg7']]], ['u/IsilZha', '[META] Top minds of The_Donald and their "millions" of users: Part II, low energy edition. Active users with various metrics and comparing trends to other subs.', 79, '2020-04-17 00:25', 'https://www.reddit.com/r/TopMindsOfReddit/comments/g2p5yb/meta_top_minds_of_the_donald_and_their_millions/', 'This is an update based on the original post I made [last month.](https://www.reddit.com/r/TopMindsOfReddit/comments/fbzjuw/meta_top_minds_of_the_donald_continue_to_claim/) In that post I received several requests to see the results with different criteria, and do comparisons to other political subs. As well as fulfilling the requests, it gave me several other ideas of comparison as I noticed some interesting differences between the subs when altering the criteria.\n\nAs noted in the original post, all this data is available via Google\'s Big Query. I previously had used up my monthly quota, and had to wait for that to refill before I could run the data presented here. Since then, data is now available through October 2019, which I\'ve included.\n\n------------\n\nIn part one, I considered any user that made at least 100 comments through September 2019 as an active user in T_D. In part 2, we\'re going to compare it to a few other subs: Politics, news (the numbers are closely comparable,) SandersForPresident (a request,) and TMOR (for fun.) In comparing them all, this post includes the following criteria:\n\n**For data from Jan 1st, 2019, through the end of October, 2019.**\n\n**Active user counts**\n\n* Users with 100+ comments \n* Users with 50+ comments\n* Users with 25+ comments\n\n* Statistics of user comment counts per sub, for users with 25 or more comments (standard deviation, average, outliers, etc.)\n\n**Percentage of comments made by different active user criteria.**\n\n* Total comments by users with 100+\n* Total comments by users with 50+ and change compared to 100.\n* Total comments by users with 25+ and change compared to 50.\n* Total comments by users with 10+ and change compared to 25.\n\n**For data from October 1st, 2016 through October 31, 2019**\n\n* Users making 11 or more comments per month, broken down by month.\n* Users making 3 or more comments per day, broken down by day.\n\n-------------\n\n# Active user counts.\n\nThis part is fairly straightforward - counting active users based on the total comments made on a given sub in 2019, through the end of October (the latest data available.)\n\n100+ Comments\n\nsubreddit|ActiveUsers\n:--|:--\nnews|8212\nThe_Donald|12154\nTopMindsOfReddit|776\nSandersForPresident|706\npolitics|30580\n\n50+ Comments\n\nsubreddit|ActiveUsers\n:--|:--\nnews|19406\nThe_Donald|19007\nTopMindsOfReddit|1605\nSandersForPresident|1517\npolitics|53764\n\n25+ comments\n\nsubreddit|ActiveUsers\n:--|:--\nnews|40983 ([Statistics](https://docs.google.com/spreadsheets/d/17Z6VcQWJU1Z4JbtcUrUDgdhj0l3pj_LT4txuvcNIIbo/edit?usp=sharing))\nThe_Donald|28028 ([Statistics](https://docs.google.com/spreadsheets/d/1FPGib5EmfVwofl5qOtQln-1kiS-vu6btI7-glxQm6tM/edit?usp=sharing))\nTopMindsOfReddit|3260 ([Statistics](https://docs.google.com/spreadsheets/d/1vdzMEgQrVvBkjmfvd73QERIzXNzfVv4Q69fPlkW6Up4/edit?usp=sharing))\nSandersForPresident|3065 ([Statistics](https://docs.google.com/spreadsheets/d/1MhOALpnkfmiD1zLi-7PvkKDKi5WFTUCxa_UStcprBTI/edit?usp=sharing))\npolitics|89777 ([Statistics](https://docs.google.com/spreadsheets/d/10PvlXVxmflAB7obf9Rt0dl5shiljJ5NhWpLhrY8fY90/edit?usp=sharing))\n\nEven when we drop the criteria down to 25 comments over 10 months to be considered an active user, T_D is no where in the realm of "millions" of users.\n\nAn interesting thing to note - even with TMOR and SFP being much smaller subs, all of them have an interesting characteristic. While they all have pretty widely varying averages and deviations, they have one stat that isn\'t all that different between all of them: 3-4% of users make up roughly 1/3 of all comments. I suspect if I hit up other subs I\'d find something similar occurring.\n\n-------------\n\n#Total Comments by "active users."\n\n[Comparison of total comments made with different active user criteria.](https://docs.google.com/spreadsheets/d/1r2TY_4DQcCaAKlqApmf8bVVt0CrIaCbQeOy3iGAn34Q/edit?usp=sharing)\n\nThings get interesting here. The first section is the raw numbers, and the second section is the percentage of comments made by that particular metric of active users. Consider in my original post that one of the reasons I settled on 100 comments as the "active user" threshold, was that they make more than 80% of the comments on T_D. In this regard, the metric of "users making 100 comments make up more than 80% of all comments" only works for T_D. Using the 100+ comment criteria, politics has nearly 3x more active users than T_D,but on Politics, they only make up ~68.6% of all comments.\n\nIf we jump down to users with 25+ comments, that\'s when Politics passes the threshold where those active users make more than 80% of all comments. For all the other subs in the comparison, even by the metric of just 10 comments to be considered active, they don\'t reach that 80% mark. So if we look at the criteria of what constitutes the active user base that makes up a majority of the commentary, it has to be adjusted per sub, and in this regard, 100 still seems to be a good metric for determining an actively participating T_D user. That being said, using the 25+ criteria on T_D, those users make up 93% of all comments.\n\nIf you look at the last set of data in the above sheet we can see another interesting picture. The change in percentage of total comments by the specified active user group shows little difference between the criteria sets for T_D, and much bigger differences for the others (save for Politics, but only after dropping down to 50+ users.) This tells us at at 100+ we already captured the vast majority of users that create all the commentary on T_D, with Politics capturing it at 50+ users.\n\n-------------\n\n#Active Users over time.\n\n[Active users by month, with 11 or more comments in any given month.](https://docs.google.com/spreadsheets/d/1fPY3wb0917yFtZMS2w5sxNOXECgUsxqRaYqR5Aopavw/edit?usp=sharing)\n\n*Note that since TMOR and SFP are much smaller, they use the right axis on a different scale.*\n\nWith this we can see some trends and see how many users are actually active within a given month. And from this we can see that every sub but r/news and r/the_donald is on an upward trend. News is barely on a downward trend, but T_D has been on a very large downward trend - they\'ve been shrinking since 2016. And of course \'millions of users\' are nowhere to be seen.\n\n[Active users by day, with 3 or more comments on any given day.](https://docs.google.com/spreadsheets/d/1XT2tJpiEpzH8eNzbJ_cuC_e1z64mY70zNMNHqe8-iWg/edit?usp=sharing)\n\nThis one is a little more wild, and I don\'t think it\'s quite as accurate as the month breakdown, as it\'s entirely reasonable to see an "active" user not comment for random days and still consider them active. I originally had all the subs from above included, but it was making it unreadable, so this one only includes T_D, Politics, and SFP. Again, SFP\'s scale is on the right so it\'s visible since it\'s a much smaller sub. With daily activity we do see some similar patterns - Politics sees effectively no trend up or down. SOP sees a slight increase, while T_D\'s fits the monthly with a downward trend. Also note that the daily active users for T_D and politics nearly mirror each other, with different magnitudes.\n\n-------------\n\n#Final Thoughts\n\nClearly, by any metric, T_D never has anything remotely approaching "millions" of users. It came up in my previous submission that T_D likes to blame the quarantine for their decreased activity, but we can clearly see that they\'ve been losing people since 2016. T_D shit the bed around the time I made my last post, so for the last month, by any of these metrics, T_Ds current active user count is 0.', 'https://www.reddit.com/r/TopMindsOfReddit/comments/g2p5yb/meta_top_minds_of_the_d... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Bitcoin slipped by 0.97% on Friday. Partially reversing a 7.25% rally from Thursday, Bitcoin ended the day at $7,045.8. It was a bearish start to the day. Bitcoin slid from an early morning intraday high $7,160.5 to an early afternoon intraday low $7,010.2. Steering clear of the major support and resistance levels, Bitcoin rebounded to $7,150 levels in the final hour. A bearish end to the day, however, left Bitcoin at sub-$7,100 and in the red. 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 bearish day on Friday. EOS (-1.50%), Monero’s XMR (-1.18%), and Tezos (-1.46%) led the way down. Binance Coin (-0.82%), Ethereum (-0.98%), Litecoin (-0.92%), and Ripple’s XRP (-0.83%) weren’t far behind. Bitcoin Cash SV (-0.51%), Cardano’s ADA (-0.55%), and Tron’s TRX saw relatively modest losses on the day. Bitcoin Cash ABC closed out the day flat to avoid a day in the red. Through the current week, the crypto total market cap rose to a current week high $205.45bn late on Friday. A Wednesday sell-off had seen the total market cap fall to a current week low $187.38bn. At the time of writing, the total market cap stood at $204.00bn. Bitcoin’s dominance eased back from 64% levels following Thursday’s broad-based crypto rally. At the time of writing, Bitcoin’s dominance stood at 63.8%. 24-hour trading volumes rose from sub-$120bn levels to reach a current week high $168.48bn on Thursday before easing back. At the time of writing, 24-hr volumes stood at $119.43bn. This Morning At the time of writing, Bitcoin was up by 0.61% to $7,088.6. A bullish start to the day saw Bitcoin rise from an early morning low $7,031.1 to a high $7,090.0. Bitcoin left the major support and resistance levels untested early on. Story continues Elsewhere, it was a bullish start to the day. Bitcoin Cash SV was down by 0.35% early on to buck the trend. Binance Coin (+1.50%), Cardano’s ADA (+1.56%), Ethereum (+1.29%), and Tezos (+1.01%) led the way early on. For the Bitcoin Day Ahead Bitcoin would need to move through to $7,100 levels to bring the first major resistance level at $7,134.13 into play. Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $7,090. Barring another broad-based crypto rally, the first major resistance level and Friday’s high $7,160.5 would likely cap any upside. In the event of a broad-based crypto rally, the second major resistance level at $7,222.47 would come into play. Failure to move through to $7,100 levels could see Bitcoin fall back into the red. A fall through to sub-$7,070 levels would bring the first major support level at $6,983.83 into play. Barring a crypto meltdown, however, Bitcoin should steer of sub-$6,900 levels. The second major support level at $6,921.87 should limit any downside on the day. This article was originally posted on FX Empire More From FXEMPIRE: Silver Price Forecast – Silver Markets Find Support USD/CAD Daily Forecast – U.S. Dollar Declines On Broad Market Optimism Silver Weekly Price Forecast – Silver Markets Give Back Some Gains This Week Crude Oil Weekly Price Forecast – Crude Oil Markets Continue To Suffer Due To Lack Of Demand Problem EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 17/04/20 The Weekly Wrap – Talks of Reopening Economies Overshadowed the IMF and Economic Data', 'Bitcoin slipped by 0.97% on Friday. Partially reversing a 7.25% rally from Thursday, Bitcoin ended the day at $7,045.8.\nIt was a bearish start to the day. Bitcoin slid from an early morning intraday high $7,160.5 to an early afternoon intraday low $7,010.2.\nSteering clear of the major support and resistance levels, Bitcoin rebounded to $7,150 levels in the final hour.\nA bearish end to the day, however, left Bitcoin at sub-$7,100 and in the red.\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 bearish day on Friday.\nEOS (-1.50%), Monero’s XMR (-1.18%), and Tezos (-1.46%) led the way down.\nBinance Coin (-0.82%), Ethereum (-0.98%), Litecoin (-0.92%), and Ripple’s XRP (-0.83%) weren’t far behind.\nBitcoin Cash SV (-0.51%), Cardano’s ADA (-0.55%), and Tron’s TRX saw relatively modest losses on the day.\nBitcoin Cash ABC closed out the day flat to avoid a day in the red.\nThrough the current week, the crypto total market cap rose to a current week high $205.45bn late on Friday. A Wednesday sell-off had seen the total market cap fall to a current week low $187.38bn. At the time of writing, the total market cap stood at $204.00bn.\nBitcoin’s dominance eased back from 64% levels following Thursday’s broad-based crypto rally. At the time of writing, Bitcoin’s dominance stood at 63.8%.\n24-hour trading volumes rose from sub-$120bn levels to reach a current week high $168.48bn on Thursday before easing back. At the time of writing, 24-hr volumes stood at $119.43bn.\nAt the time of writing, Bitcoin was up by 0.61% to $7,088.6. A bullish start to the day saw Bitcoin rise from an early morning low $7,031.1 to a high $7,090.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a bullish start to the day.\nBitcoin Cash SV was down by 0.35% early on to buck the trend.\nBinance Coin (+1.50%), Cardano’s ADA (+1.56%), Ethereum (+1.29%), and Tezos (+1.01%) led the way early on.\nBitcoin would need to move through to $7,100 levels to bring the first major resistance level at $7,134.13 into play.\nSupport from the broader market would be needed, however, for Bitcoin to break out from the morning high $7,090.\nBarring another broad-based crypto rally, the first major resistance level and Friday’s high $7,160.5 would likely cap any upside.\nIn the event of a broad-based crypto rally, the second major resistance level at $7,222.47 would come into play.\nFailure to move through to $7,100 levels could see Bitcoin fall back into the red.\nA fall through to sub-$7,070 levels would bring the first major support level at $6,983.83 into play.\nBarring a crypto meltdown, however, Bitcoin should steer of sub-$6,900 levels.\nThe second major support level at $6,921.87 should limit any downside on the day.\nThisarticlewas originally posted on FX Empire\n• Silver Price Forecast – Silver Markets Find Support\n• USD/CAD Daily Forecast – U.S. Dollar Declines On Broad Market Optimism\n• Silver Weekly Price Forecast – Silver Markets Give Back Some Gains This Week\n• Crude Oil Weekly Price Forecast – Crude Oil Markets Continue To Suffer Due To Lack Of Demand Problem\n• EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 17/04/20\n• The Weekly Wrap – Talks of Reopening Economies Overshadowed the IMF and Economic Data', 'Renaissance Technologies’ market-crushing Medallion fund is considering jumping into bitcoin futures, recent regulatory filings show.\nThe quantitative analysis-heavy firm has “permitted” the Medallion fund to enter the Chicago Mercantile Exchange’s (CME) cash-settledbitcoinfutures market, according to a March 30Form ADV investor brochure.\nRenaissance, which had nearly $166 billion in regulatory assets under management at the end of 2019 according to that filing, has effectively signaled bitcoin could be or already is a factor in its flagship Medallion fund, whose66 percent average pre-fee annual returnsince 1988 is unmatched on Wall Street.\nRelated:Bitcoin Drops as Traders See Bearish Signals in Futures Markets\nThe Wall Street Journalreported Fridaythe $10 billion Medallion fund had, through April 14, returned 24 percent after fees in 2020, trouncing traditional market indices including the S&P 500 and DJIA, which had both lost more than 8 percent of their value over the same period.\nRead more:Literally No One Is Trading Bakkt’s Bitcoin Options\nMedallion has the go-ahead to transact in a financial instrumentwidely considered to be a proxyfor institutional interest in bitcoin. CME’s cash-settled contracts provide exposure to price movements without the possibility of taking actual ownership, a far more popular scheme of late than other physically-settled alternatives.\nThe green light precededlast week’s surgein open interest positions. On Wednesday, CME reported $181 million in outstanding bitcoin futures contracts, a 70 percent rise fromMarch’s lowsbut still well below2020’s peakof near $338 million.\nRelated:Aspiring CME Director Wants Exchange to Mine Bitcoin and Issue Tokens\nWhether Medallion is participating in that market is unknown. The disclosure did not state if Medallion had begun buying bitcoin futures contracts or planned to in the future, and Renaissance,notoriously tight-lippedabout its best-performing fund, did not respond to requests for comment.\nThe disclosure noted this “relatively new and highly speculative asset” carries, in the view of the New York-based fund, myriad risks.\nAmong those stated: bitcoin’s short track record, its proven volatility, the absence of a governing authority and its universal lack of legal tender status, “susceptibility to manipulation” on exchanges and by botnets, “increased regulatory scrutiny” and even its history of forking, among others.\n“Any of these factors could materially and adversely affect the value of the Fund’s investments,” the disclosure reads.\n• BitMEX Open Interest Collapses After Controversial Long Squeeze\n• CME Bitcoin Futures Daily Trading Volume Hits 2020 Low – That’s a Bullish Sign', 'Renaissance Technologies’ market-crushing Medallion fund is considering jumping into bitcoin futures, recent regulatory filings show.\nThe quantitative analysis-heavy firm has “permitted” the M **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-04-18 **Financial & Commodity Data:** - Gold Closing Price: $1689.20 - Crude Oil Closing Price: $18.27 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $134,739,010,006 - Hash Rate: 92900151.843848 - Transaction Count: 284222.0 - Unique Addresses: 579437.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.18 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: The U.K.’s Financial Conduct Authority (FCA) has issued a warning over cryptocurrency derivatives exchange BitMEX. In anoticeposted Tuesday, the independent financial regulator said the exchange has been targeting British residents without its consent or approval. “Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorized by us,” the watchdog said. Related:How the Bitcoin Market Changed Since 2017’s Bull Run The FCA said it holds information indicating that BitMEX was conducting regulated activities that required its authorization. As part of its normal activities, the financial regulator does flag entities it perceives as unlawful or suspicious, or cryptocurrency products, such as derivatives, it deems high risk for consumers. In fact, the authoritysaid in 2018that companies offering crypto derivatives likely need to be authorized because such products may be financial instruments under current directives. A limitedban on selling crypto derivativeslike exchange-traded notes is also planned by the regulator, which said such products are “ill-suited” to retail investors “who cannot reliably assess the value and risks of derivatives or ETNs that reference certain crypto assets.” “We are working closely with our advisors to assess the situation. There is nothing more we can add at this time,” BitMEX told CoinDesk. Related:Crypto Exchange Huobi’s DeFi-Focused Blockchain Released in Public Beta In what appears to be a slip-up, the FCA also issued a warning over popular crypto exchange Kraken on Tuesday. However, the notice has since been removed, with Decrypt news editor Tim Copelandtweeting that the warninghad been issued after the FCA confused the legitimate Kraken service with scammers purporting to be the exchange. In January, BCB Group, a company that provides financial services to the likes of Coinbase, Bitstamp and Galaxy Digital, wasawarded a payments licenseby the FCA. The firm’s CEO, Oliver von Landsberg-Sadie told CoinDesk that conditions in the U.K were such that many crypto-to-crypto exchanges were light on meeting regulatory obligations, mainly since no fiat currency changes hands. He said the watchdog’s concerns become more severe depending on the type of financial product on offer, with derivatives being at the top of the list as they present the greatest risk to consumers. “This statement by the FCA is one which fulfills one of its 3 core objectives – keep markets efficient, provide a framework to raise capital, and protect consumers. Few would argue against stricter controls on access to this kind of product,” Landsberg-Sadie said. The FCA had not replied to CoinDesk’s request for comment by press time. Update (09:25 UTC, March 5, 2020): Added comment from BitMEX. • Crypto Firms Tout Dispersed Workforce as Coronavirus Contingency Plan • Steven Seagal Settles Token-Touting Charges With SEC Over 2018 ICO... - Reddit Posts (Sample): [['u/XleepyJoeBenzo', 'How my dorm turned into a drug superhighway.', 121, '2020-04-18 03:26', 'https://www.reddit.com/r/stories/comments/g3ey3i/how_my_dorm_turned_into_a_drug_superhighway/', 'The year was 2012, and we were all supposed to die in December. It was my freshman year of college. I was settling in quite well. I made friends with a bunch of people in our residence hall, we hit it off immediately. We started going out on the weekends, starting with thirsty Thursday, which turns out is actually a thing. I had more than one room mate. We lived in a four person suite with two bedrooms. I had a full ride to my University, so I had a lot of extra money to spend on my living arrangements and meal plan. Oh yeah, I was also a huge pothead.\n\nI made friends with the dealer on my floor and started buying him extra meals in exchange for weed. That\'s when one of my room mates came to me with a proposition. He asked me if I knew what bitcoins were. I did not. He explained the virtual currency and how it worked. Then he really laid it all out. He told me that he had quite a lot of bitcoins and that he wants to get into selling weed. It all sounded great, but I wasn\'t sure what he needed me for. He then told me that he doesn\'t really talk to anyone and that he always sees me with people and going to parties every weekend. Okay, this makes sense. He told me how the operation would work, and it sounded swell. For the record, I was eighteen and very stupid. Anyway, he would purchase the drugs from the Silk Road, a dark website where you can buy literally fucking anything. Our friend Noah would then get the goods delivered to his apartment, which had a mailroom with hundreds of mailboxes. This was good because it would be just a little bit less suspicious, also his apartment was not on our campus. Then we\'d package everything there and move it to our dorm, which had it\'s own security. We lived in North Philadelphia, so the security and police were always looking out for the students. After we safely had the products, I would find the buyers.\n\nOur first shipment went well. We ordered a half pound of weed, a gram of hash, ten hits of LSD, a small bag of opium (for us), and 1000mg of Alprazolam extract for my room mate\'s personal anxiety treatment. We got into this business to become weed salesmen. That weed took forever to sell. Everyone who sold weed already had good connections from their hometowns. The LSD though, that sold in five fucking minutes to one buyer who was interested in buying much more than ten hits. He asked us if we could sell him a couple hundred tabs. He said he\'d pay $350 for each sheet of 100. We looked at the price per sheet on the Silk Road. It would cost us only $80 each. Yes sir, we can absolutely sell you a couple sheets. We told him we\'d call him when it arrived. Later that night we brewed some opium tea and celebrated entering the LSD business. We bought the sheets for him, and we also bought two extras in case anyone else wanted some.\n\nThe next shipment came with no problems. Our friend came over and bought the sheets we had promised him. We made nearly $800 on that deal. We thought that was a lot, so we celebrated. Later that same day, while smoking a blunt in our courtyard, I made friends with some art students. They invited me to their dorm on the third floor. I agreed, went with them, and we listened to music and painted the walls of the dorm room which was super against the rules. They started talking about how they had taken magic mushrooms two weeks before and how it was life changing. I told them I had two-hundred hits of acid in my room. I\'ve never seen people get so excited in my entire life. They bought all of it. They paid $400 for each sheet. Seemingly out of nowhere we made $600. Again, we thought this was a lot.\n\nMy room mate was really happy with my networking abilities. Dude, I was just getting high with some hipster art students. I didn\'t really possess the "networking skills" that everyone thought I had. We went online and purchased another five sheets. We started getting a bit more confident in our ability to sell this magic money making paper. That week I was in one of my classes and had to do a group project with a kid named Eddy. We went to his apartment to work on the project after class. Eddy had an apartment off campus because he was an upperclassman. On the way he asked if I smoked weed. Of course. He said he had something to show me. When we got there he showed me a small weed plant he was growing. It was an adorable little plant in a flower pot by the window. I asked if he needed any weed and he said that he did not. We smoked a bit and then her offered me a Xanax. I had never taken Xanax, so I googled the pill he offered me. Alprazolam. Huh, that\'s funny. I told him I had 1000mg of alprazolam in my room. This excited him.\n\nI asked my room mate if he was willing to sell some of his private stash. Eddy only wanted to buy around 100 milligrams. He agreed and I brought Eddy to my dorm. We gave it to him for the cool price of $150, a slick markdown from what he was paying. After all we hadn\'t even planned on selling that stuff. He asked how we got it so cheap and if we could get anything else. We told him that we sell LSD. He said he loves hallucinogens and would love to purchase a sheet, so he did. Four sheets left. If we sell them, we can get a new and faster computer.\n\nThe weekend came and I was hanging out with two of my friends from our residence hall. Joe, who was really chill and loved smoking weed as much as I did. And Bianca, who was so cool that it frightened me. She was really intimidating. I had a huge crush on her, but she was "talking" to a kid that lived in Johnson and Hardwick hall. Bianca was the type of person you see in movies about cool kids doing cool things. A character who has a lot of depth, but it takes nearly the whole movie to slowly peel back the layers, and by that time you\'re in love. I told her if we sold the rest of our acid I\'d buy her a new tattoo. She was covered in them. That night Joe was going to take us to his friend Jamie\'s house. We were going to try cocaine for the first time. I was terrified. Not only was I terrified about trying cocaine, but I was scared of doing it with Bianca. I just didn\'t know how I would act, and I didn\'t want to do something stupid.\n\nWe arrived at Jamie\'s house. Jamie was also intimidating. His house was what your typical trap house looked like at the time, with a bunch of really expensive music equipment. Everybody wanted to be a rapper or a D.J. that year. He introduced all his friends and offered us lines of coke. Here we go. Joe went first, he\'d already done some before. Bianca went next without hesitation. Now it was my turn. I remember my hand shaking with the rolled up bill between my fingers. I chose the smallest line and sniffed. It did not taste anything like I expected. Five minutes went by. Oh, this is what cocaine is like. It was so underwhelming. It was also some thoroughly stepped on shit. I know that now because since then I\'ve done some foreign blow that literally almost made my heart stop. Anyway, Jamie and I got to talking, mostly about his "music career". Jamie told me if I ever wanted to buy cocaine in bulk to hit him up. I laughed and told him if he ever wanted to buy LSD in bulk to hit me up. I was half joking. He looked at me with the straightest face and asked if I was serious. Honestly, this Jamie guy really scared the shit out of me. He was a good ten inches taller than me and the whole scene was really starting to freak me out. I told him I was serious though. He told me to come with him.\n\nHe brought me into his room and closed the door. In the room it was quiet. The walls were sound proofed. I looked around and the room was full of money, cocaine, and guns. Okay, he\'s probably not going to kill me. I hope. He then asked about my LSD connection. I told him I could get sheets for $350. He said he wanted books. Books? This guy wants books? I didn\'t know this at the time, but a book is a thousand hits of LSD. I told him I had to talk to some people and I would let him know the price, but that I could definitely make it happen. We went back into the party and he gave me line after line of cocaine. Joe offered him money for the lines, but Jamie told him not to pay. He said your friend here bought you guys as much coke as you want for the night. Honestly, that made me feel really cool. After the party I talked to my room mate and told him what happened. We looked up the price of a book on the Silk Road. $300. Not only could we have saved a lot of money if we had just bought a book from the start, but we were going to make a lot more money selling by the book. The days of getting excited over $800 were about to come to an abrupt end.\n\nI talked to Jamie and asked how much he would be willing to pay for each book. He said he would pay no more than $3000 for each book. We decided we would sell him the books for $2,800 each. He agreed and asked how many we had. I said we can start with five books. He agreed. This was perfect. Not only were we about to make more money than we had ever expected, but acid was incredibly easy to ship. They were basically sheets of paper. Our supplier used to send it to us in between the pages of large children\'s coloring books. The books, or prints, as our supplier called them, blended with the kid\'s books very well. Our prints consisted of a large picture of Bart Simpson, The Grateful Dead bears, and a double rainbow portrait. If you didn\'t know what acid was, you wouldn\'t know these were drugs. We made nearly $14,000 from that first deal.\n\nOver the course of a few months we would sell close to thirty-thousand hits of LSD. We had $75,000 in cash sitting in an empty bedroom at Noah\'s apartment. I stopped going to class. My room mate had filled his entire room with computer parts and instruments. Noah, well we... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Bitcoin rose by 3.17% on Saturday. Reversing a 0.97% fall from Friday, Bitcoin ended the day at $7,268.8.\nIt was a bullish day for Bitcoin on Saturday.\nBitcoin rallied from an early morning intraday $7,031.1 to a late intraday high $7,309.7.\nThe day-long rally saw Bitcoin break through the first major resistance level at $7,134.13 and second major resistance level at $7,222.47. Bitcoin came within range of the third major resistance level at $7,372.77 before easing back.\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 on Saturday.\nTezos and Ethereum rallied by 11.91% and 9.97% to lead the way on the day.\nBinance Coin (+6.59%), Bitcoin Cash ABC (+4.54%), Bitcoin Cash SV (+4.93%), Cardano’s ADA (+6.82%), EOS (+4.44%), Litecoin (+4.59%) also found strong support.\nMonero’s XMR (+3.27%), Ripple’s XRP (+3.42%), Stellar’s Lumen (+2.69%), and Tron’s TRX (+3.49%) trailed the pack on the day.\nThrough the current week, the crypto total market cap rose to a current week high $210.44bn late on Saturday. Wednesday’s sell-off had seen the total market cap fall to a current week low $187.38bn. At the time of writing, the total market cap stood at $209.88bn.\nBitcoin’s dominance eased back from 64% levels following Thursday’s and Saturday’s broad-based crypto rallies. At the time of writing, Bitcoin’s dominance stood at 63.4%.\n24-hour trading volumes rose from sub-$120bn levels to reach a current week high $168.48bn on Thursday before easing back. At the time of writing, 24-hr volumes stood at $128.94bn.\nAt the time of writing, Bitcoin was down by 0.58% to $7,227.0. A bearish start to the day saw Bitcoin fall from an early morning high $7,285.4 to a low $7,210.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nBitcoin Cash SV and Tezos bucked the trend early on, with gains of 0.34% and 0.10% respectively.\nIt was a bearish start to the day for the rest of the majors, however.\nBinance Coin (-1.24%), Cardano’s ADA (-1.06%), and EOS (-1.45%) led the way down early on.\nBitcoin would need to move through to $7,300 levels to bring the first major resistance level at $7,375.30 into play.\nSupport from the broader market would be needed, however, for Bitcoin to breakout from Saturday’s high $7,309.7.\nBarring another broad-based crypto rally, the first major resistance level and Saturday’s high $7,309.7 would likely cap any upside.\nIn the event of a broad-based crypto rally, the second major resistance level at $7,481.80 would come into play.\nFailure to move through to $7,300 levels could see Bitcoin fall deeper into the red.\nA fall through to sub-$7,200 levels would bring the first major support level at $7,096.70 into play.\nBarring a crypto meltdown, however, Bitcoin should steer of sub-$7,000 levels.\nThisarticlewas originally posted on FX Empire\n• Crude Oil Price Update – Closed on Bearish Side of Short-Term Retracement Zone\n• Natural Gas Weekly Price Forecast – Natural Gas Markets Find Support\n• The Crypto Daily – Movers and Shakers -19/04/20\n• Silver Weekly Price Forecast – Silver Markets Give Back Some Gains This Week\n• The Crypto Daily – Movers and Shakers -18/04/20\n• European Equities: A Week in Review – 18/04/20', 'Bitcoin rose by 3.17% on Saturday. Reversing a 0.97% fall from Friday, Bitcoin ended the day at $7,268.8. It was a bullish day for Bitcoin on Saturday. Bitcoin rallied from an early morning intraday $7,031.1 to a late intraday high $7,309.7. The day-long rally saw Bitcoin break through the first major resistance level at $7,134.13 and second major resistance level at $7,222.47. Bitcoin came within range of the third major resistance level at $7,372.77 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 bullish day on Saturday. Tezos and Ethereum rallied by 11.91% and 9.97% to lead the way on the day. Binance Coin (+6.59%), Bitcoin Cash ABC (+4.54%), Bitcoin Cash SV (+4.93%), Cardano’s ADA (+6.82%), EOS (+4.44%), Litecoin (+4.59%) also found strong support. Monero’s XMR (+3.27%), Ripple’s XRP (+3.42%), Stellar’s Lumen (+2.69%), and Tron’s TRX (+3.49%) trailed the pack on the day. Through the current week, the crypto total market cap rose to a current week high $210.44bn late on Saturday. Wednesday’s sell-off had seen the total market cap fall to a current week low $187.38bn. At the time of writing, the total market cap stood at $209.88bn. Bitcoin’s dominance eased back from 64% levels following Thursday’s and Saturday’s broad-based crypto rallies. At the time of writing, Bitcoin’s dominance stood at 63.4%. 24-hour trading volumes rose from sub-$120bn levels to reach a current week high $168.48bn on Thursday before easing back. At the time of writing, 24-hr volumes stood at $128.94bn. This Morning At the time of writing, Bitcoin was down by 0.58% to $7,227.0. A bearish start to the day saw Bitcoin fall from an early morning high $7,285.4 to a low $7,210.0. Story continues Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Bitcoin Cash SV and Tezos bucked the trend early on, with gains of 0.34% and 0.10% respectively. It was a bearish start to the day for the rest of the majors, however. Binance Coin (-1.24%), Cardano’s ADA (-1.06%), and EOS (-1.45%) led the way down early on. For the Bitcoin Day Ahead Bitcoin would need to move through to $7,300 levels to bring the first major resistance level at $7,375.30 into play. Support from the broader market would be needed, however, for Bitcoin to breakout from Saturday’s high $7,309.7. Barring another broad-based crypto rally, the first major resistance level and Saturday’s high $7,309.7 would likely cap any upside. In the event of a broad-based crypto rally, the second major resistance level at $7,481.80 would come into play. Failure to move through to $7,300 levels could see Bitcoin fall deeper into the red. A fall through to sub-$7,200 levels would bring the first major support level at $7,096.70 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: Crude Oil Price Update – Closed on Bearish Side of Short-Term Retracement Zone Natural Gas Weekly Price Forecast – Natural Gas Markets Find Support The Crypto Daily – Movers and Shakers -19/04/20 Silver Weekly Price Forecast – Silver Markets Give Back Some Gains This Week The Crypto Daily – Movers and Shakers -18/04/20 European Equities: A Week in Review – 18/04/20', "Decentralized finance protocol dForce lost over 99 percent of its assets in an attack Saturday night, according to DeFi Pulse. Lending protocol Lendf.me saw some $25 million in ether (ETH) and bitcoin (BTC) exit its wallets late Saturday and early Sunday after its money market pool was attacked. Lendf is one of two protocols supported by the dForce Foundation. “Lendf.me confirmed it was attacked at 8:45 Beijing time Sunday at block height 9899681,” Lendf.me said to Chinese media outlet Chain News . dForce did not respond to CoinDesk’s requests for comment by press time. Related: Dai Lending Rates Rise to One-Month High on DeFi Platform Compound Earlier speculation from other DeFi protocol builders say the attack was caused by imBTC , an ethereum token pegged one-to-one with bitcoin , used as collateral that turned out to be fraudulent, enabling the attacker to drain funds for nearly free. It is unclear whether any users were able to withdraw their funds or if the attacker seized all $25 million. Compound CEO Robert Leshner claimed the attacker seized the full total. Lendf’s website reads “Do not supply anymore!” dForce Foundation CEO Mindao Yang said the team was “still investigating” the incident and urged users to “not supply any asset into lendf.me for now” in the protocol’s open Telegram channel. The website appeared to go down shortly after 04:00 UTC. After the attack, DeFi Pulse reported Lendf’s accounts holding $18,900 in USD, or about 101 ether or 2.6 bitcoin as of press time. After this article was published, that sum fell to $6. Related: Bearish or Bullish? What Oil, Defi Hacks and Cash Hoarding Tell Us About Markets Leshner said on Twitter the firm “copy/pasted Compound v1 without changes.” Leshner told CoinDesk on Telegram the v1 code “was not flawed,” but the group was cautious about which assets it listed. “This is a followup attack to the imBTC Uniswap attack yesterday,” he said, noting that imBTC is an ERC-777 token and “not a normal Ethereum asset.” Story continues “Smart contracts that include imBTC have to be extra cautious and write additional code to protect against ‘re-entrancy attacks,'” he said. A pinned tweet on Lendf’s Twitter page calls it “by far the largest fiat-back stablecoin #DeFi lending protocol.” The dForce Foundation closed a $1.5 million strategic round led by Multicoin Capital and joined by Huobi Capital and Chinese bank CMB International (CMBI) last week. The funds were intended to grow its staff and launch additional DeFi products in the coming year. This is a developing situation. Related Stories Why MakerDAO Should Consider Negative Interest Rates for Dai Coinbase Custody Doubles Down on DeFi Governance Options", "Decentralized finance protocol dForce lost over 99 percent of its assets in an attack Saturday night, according to DeFi Pulse.\nLending protocol Lendf.me saw some$25 million in ether (ETH) and bitcoin (BTC)exit its wallets late Saturday and **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-04-19 **Financial & Commodity Data:** - Gold Closing Price: $1689.20 - Crude Oil Closing Price: $18.27 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $130,982,976,300 - Hash Rate: 111187583.309172 - Transaction Count: 251984.0 - Unique Addresses: 485888.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.16 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: BitGo, one of the largest and oldest custodians for digital assets, is joining the fast-growing business of lending out bitcoin and other cryptocurrencies to big investors. The Palo Alto-based company announced Thursday it is now offering institutional digital asset lending services. Founded in 2013 by CEO Mike Belshe, BitGo started testing the new service a few months ago to big investors and has already racked up about $150 million in open loans, according to Nick Carmi, a former Deutsche Bank executive who is overseeing the effort as BitGo’s head of financial services. The new service is initially targeting BitGo’s existing custody clients, the company said in a statement. BitGo is currently lendingbitcoin(BTC),ether(ETH),litecoin(LTC) and stablecoins, Carmi said in an interview. The company also will lend out government-issued currencies including U.S. dollars to investors who post cryptocurrencies as collateral. Related:Bitcoin Stays Above $9,000 in US Trading With big banks still mostly eschewing the 11-year-old digital-asset industry, a new breed of lenders is stepping into the void to meet the demand, partly from investors seeking to amplify returns on their cryptocurrency bets, through the use of leverage. The business model of cryptocurrency lenders works much like that of traditional banks: Take in assets from depositors, pay them interest and then make loans at a higher interest rate. The lender can seize the collateral to pay off the loan if the borrower defaults. “I’m running a matched spread and making a profit on that,” Carmi said. “This is no different from the way banks do it.” BitGo’s new push comes as cryptocurrency lenders have reported runaway growth compared with traditional banks. Related:How the Bitcoin Market Changed Since 2017’s Bull Run New York-based Genesis Trading, owned by the crypto-focused investment firm Digital Currency Group, said in January that its lending book swelled by 21 percent in the fourth quarter alone to$545 million, driven by demand from big investors as well as aggregators of smaller loans in Asia and Europe. Such growth was more than 10 times the pace at New York-based JPMorgan, the biggest U.S. bank, where loan balances increased by 2 percent – roughly in line with the broader economy’s expansion. Digital Currency Group, which owns CoinDesk, is an investor in BitGo. Other backers include the Wall Street firm Goldman Sachs and crypto-focused investor Galaxy Digital Ventures, led by the former hedge-fund executive and Goldman partner Mike Novogratz. So far, Carmi said, the vast majority of BitGo’s loans are denominated in bitcoin — similar to the oldest cryptocurrency’s dominance in digital-asset markets. According to BitGo’s website, Belshe started the company after serving in the early 2010s as a custodian for himself and other tech investors by securing digital coins on anoffline laptop hidden beneath his couch. In an industry fraught with reports of scammers, hacks and regulatory missteps, cryptocurrency asset safekeeping has become akey priority for big investorswilling to stomach the risks in exchange for outsize profits from betting on the notoriously volatile market. Bitcoin pricesnearly doubled in 2019 and are up 22 percent so far this year. Such performance contrasts with the Standard & Poor’s 500 Index, the benchmark for large U.S. stocks, which has fallen 4.3 percent in 2020 amid coronavirus fears after climbing 29 percent last year. Last month, BitGo announced plans to buy the two-year-old, blockchain-focused startup Harbor, best known for itsfailed effort in 2019to tokenize $20 million of shares in a South Carolina high-rise building. Belshe said in Thursday’s statement that “we are melding the best of Wall Street’s sophisticated understanding of how to work with institutional investors and the best of Silicon Valley’s technology and innovation.” • Bitcoin Prints Bullish Price Pattern With Move Above $9K • Crypto Lender Babel Hits $380M in Outstanding Loans... - Reddit Posts (Sample): [['u/BooksAndBooksAnd', 'I am 100% invested in BCH (also)', 41, '2020-04-19 00:41', 'https://www.reddit.com/r/btc/comments/g3wmiw/i_am_100_invested_in_bch_also/', "Not sure who this is for but here goes.\n\nI've been buying Bitcoin (now called Bitcoin Cash) since 2013. Against all advise I've put everything into Bitcoin. \n\nI was devastated when SegShit was activated and hate people like u/nullc and Adam Back with all my soul.\n\nI've found Bitcoin to be a horrible thing in my social life. It's like an objective IQ test. People that don't understand it and don't want to (u/nullc) are destined to be our enemy. Through no fault of their own, most people are just too dumb to understand.\n\nFinancially it's been by far the greatest decision I've ever made but it kills me to see family and friends still struggling 9-5. Had only they listened to me we all would be better off.\n\nSo, Bitcoin is a blessing and a curse. It's given me financial freedom and freedom from the state but cost a lot in terms of relationships.", 'https://www.reddit.com/r/btc/comments/g3wmiw/i_am_100_invested_in_bch_also/', 'g3wmiw', [['u/ErdoganTalk', 16, '2020-04-19 00:55', 'https://www.reddit.com/r/btc/comments/g3wmiw/i_am_100_invested_in_bch_also/fntxlb8/', '> I\'ve found Bitcoin to be a horrible thing in my social life.\n\nCome to terms with being smarter than others. "You do your thing, and I do mine"', 'g3wmiw'], ['u/TheRealDji', 10, '2020-04-19 01:18', 'https://www.reddit.com/r/btc/comments/g3wmiw/i_am_100_invested_in_bch_also/fnu04d4/', 'Is this some kind of a joke ?', 'g3wmiw'], ['u/dredgedskeleton', 11, '2020-04-19 01:32', 'https://www.reddit.com/r/btc/comments/g3wmiw/i_am_100_invested_in_bch_also/fnu1jc8/', "i have no idea what you're saying", 'g3wmiw'], ['u/paoloaga', 11, '2020-04-19 03:38', 'https://www.reddit.com/r/btc/comments/g3wmiw/i_am_100_invested_in_bch_also/fnueiir/', "This is the same thing I feel. I am into Bitcoin (Cash) since 2011. Really sad to realize how easy is to derail a wonderful project, and how many brainless people don't realize that they have been fooled by Core, Blockstream & c. \nIt shows from miles away that 1 MB blocksize limit is stupid. (Why 1 MB is a magic number and not 2 MB or 0,7 MB?) and I always realized this since the beginning of the debate. \nIt shows that LN is not the scaling solution and doesn't work beside for a bunch of microtransaction use cases with low total amount, and I always realized this since before the segshit crap. \nIt shows that it's blockstream interest to cripple bitcoin because it's the only way their business plan could be profitable. \nIt shows that all their fans are clueless gullible people. \n\n\nGlad that there is Bitcoin BCH which is what I hodl and use since 2011.", 'g3wmiw']]], ['u/zeptochain', "It's too late to save BTC and also too late to save USD", 12, '2020-04-19 01:34', 'https://www.reddit.com/r/btc/comments/g3xggb/its_too_late_to_save_btc_and_also_too_late_to/', "We are now into a mitigation phase for these monetary projects. \n\nFor everything else, there's BCH.\n\nIMHO.", 'https://www.reddit.com/r/btc/comments/g3xggb/its_too_late_to_save_btc_and_also_too_late_to/', 'g3xggb', [['u/BadBadgerChef', 13, '2020-04-19 03:22', 'https://www.reddit.com/r/btc/comments/g3xggb/its_too_late_to_save_btc_and_also_too_late_to/fnucxtx/', "God damn this is a stupid shit post. I can't believe how much propaganda is on the internet these days.", 'g3xggb']]], ['u/chaosthroughorder', "Nano holders, why did you buy? Let's figure out our place in this crypto world.", 47, '2020-04-19 03:17', 'https://www.reddit.com/r/nanocurrency/comments/g3yzh6/nano_holders_why_did_you_buy_lets_figure_out_our/', 'In order to understand how we can reach more markets and spread this sweet sweet Nano nectar across the globe, we need to understand ourselves first. It\'s simple:\n\n* Where did you first hear about Nano?\n* Why did you buy Nano?\n\nThese two questions should give us some insight into our place in the market.\n\nI\'ll start:\n\n* I first heard about Nano when it was called Raiblocks, from a webcomic online that went viral in the cryptocurrency subreddit. At the time I was looking for solid Bitcoin replacement contenders because the market was already starting to collapse due to market saturation and really really high fees.\n* It solved all of the technical problems Bitcoin was having, which I suspect was the reason the bubble collapsed and why Bitcoin hasn\'t reached mainstream adoption yet. I also don\'t believe in the value of the Lightning Network, nor do I think it can be done securely. I considered Nano a technological marvel after I consumed the whitepaper, although I had little consideration for marketing at that time. I had a "build it and they will come" mentality, but that\'s since shifted because I\'m not actually seeing the level of adoption I\'d expected to see by now simply by being the best technology by far on the market.', 'https://www.reddit.com/r/nanocurrency/comments/g3yzh6/nano_holders_why_did_you_buy_lets_figure_out_our/', 'g3yzh6', [['u/crypto07', 24, '2020-04-19 15:51', 'https://www.reddit.com/r/nanocurrency/comments/g3yzh6/nano_holders_why_did_you_buy_lets_figure_out_our/fnvtfnh/', 'I watched it rise from 2 $ to 32 $ . Went in at 4$ but bitgrail fucked up everything. The renaming also affected the price and the rest is history. NANO should be at top , atleast in top 5 coins. The tech behind it says all. Hope it wil reach new high soon. Now it is sad to see NANO changing seats at 58 and 60 with some shit coins.', 'g3yzh6'], ['u/NanoZun', 21, '2020-04-19 16:16', 'https://www.reddit.com/r/nanocurrency/comments/g3yzh6/nano_holders_why_did_you_buy_lets_figure_out_our/fnvvl3w/', "Discovered Raiblocks from r/CC subreddit at the time when Bitcoin's unability to scale was becoming more and more apparent. First bought back in Dec 2017 because of all the same reasons as op listed. Nano was and still is the best candidate for a truly global cryptocurrency with actual utility. The scalability, speed and feeless nature already places Nano as the best suited CC in this space. Adding the other features like zero inflation, highly decentralized and green/efficient nodes just blows away the competition.", 'g3yzh6'], ['u/Dreamthemers', 12, '2020-04-19 16:40', 'https://www.reddit.com/r/nanocurrency/comments/g3yzh6/nano_holders_why_did_you_buy_lets_figure_out_our/fnvxsjb/', 'I was interested in p2p internet cash, so after this happened it was huge blow and I started searching for other coins:\n\nhttps://steamcommunity.com/games/593110/announcements/detail/1464096684955433613\n\nTested pretty much all top cryptos and was most impressed with Nano. Fast and no fees, I still remember that "wow" feeling of first transaction.', 'g3yzh6'], ['u/Emul0rd', 18, '2020-04-19 17:14', 'https://www.reddit.com/r/nanocurrency/comments/g3yzh6/nano_holders_why_did_you_buy_lets_figure_out_our/fnw133l/', 'They just do like plenty of other services do: attach an account address to a specific customer. They can get billions of unique addresses derived from a single seed, so no risk of running out :)', 'g3yzh6'], ['u/Qwahzi', 15, '2020-04-19 19:39', 'https://www.reddit.com/r/nanocurrency/comments/g3yzh6/nano_holders_why_did_you_buy_lets_figure_out_our/fnwgior/', "I bought because I got into Bitcoin for a very specific vision: decentralized, censorship-resistant, self-sovereign, limited supply, deflationary, peer-to-peer, digital cash. There is a *huge* amount of potential behind that idea\n\nNano is the closest thing to that vision that I've found so far:\n\n- ZERO transaction fees\n\n- Decentralized\n\n- Near instant conf times\n\n- 1st layer scalability\n\n- Environmentally friendly\n\n- Given away for free (no ICO)", 'g3yzh6'], ['u/ScornfulWindbag', 11, '2020-04-19 23:35', 'https://www.reddit.com/r/nanocurrency/comments/g3yzh6/nano_holders_why_did_you_buy_lets_figure_out_our/fnx5xya/', 'I discovered Nano when it was already Nano. I was comparing the confirmation times of BTC, ETH and other cryptos to hoping to find one with a confirmation time of just a minute or two. \n(I was very new, and only understood BTC’s tech on a basic level). \n\nI first thought it was maybe too good to be true, (in my head I thought if Nano really was that fast, people wouldn’t care for Bitcoin. \nSo I decide to try it out, and after a few google searches, I found Natrium and a faucet. \n\nI’ll never forget how amazed I was. Two seconds after hitting send on the faucet, Natrium pinged that the money had been received. \nBefore this the fastest crypto I had used was LTC!! \nThat was close to a year ago, and I’ve been buying and HODLing Nano since. I don’t plan on selling, but hope I will be spending them.', 'g3yzh6']]], ['u/Procrasturbator2000', 'TIFU by having my laptop used for bitcoin mining', 26, '2020-04-19 03:34', 'https://www.reddit.com/r/tifu/comments/g3z7j1/tifu_by_having_my_laptop_used_for_bitcoin_mining/', 'FU is still in progress and I have no way of knowing when it started, which may be what is stressing me out the most right now. So come with me on a journey of regret while my fourth malware scanner of the night sits at 64% and my friends have gone to bed.\n\nSo the story, I guess, would begin back when I first started university, about five years ago. I got into art school for visual communication and planned on becoming an animator. To celebrate and to support me, my dad bought me a kick ass lenovo gaming laptop with the power of a billion suns (as you may come to guess, I am not tech savvy. Definitely not tech savvy enough to own this laptop) capable of running several adobe programs at once, with a RAM wide enough to put my mother\'s behind to shame, with an internal disk memory as big as the disappointment in my father\'s eyes. College begins, websites for illicit procuration of expensive programs exist, my naive young sunshine self doesn\'t even know what a VPN is, and for some reason which i... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04
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:** ['“Cash is trash” has a nice rhyme to it, and in some inflation-ravaged, paper-based economies it’s literally true. But as an investment mantra it bears some scrutiny, especially in light of what it says about bitcoin.\nWhen a multi-asset manager such as Ray Dalio uses that phrase, as hedid in Davosearlier this year, we can assume he means cash is not as attractive for portfolios as other assets. He expanded further on this in aquestion-and-answer session on Redditearlier this month, pointing out its “costly negative return.”\nYou’re readingCrypto Long & Short, a newsletter that looks closely at the forces driving cryptocurrency markets. Authored by CoinDesk’s head of research, Noelle Acheson, it goes out every Sunday and offers a recap of the week – with insights and analysis – from a professional investor’s point of view.You can subscribe here.\nRelated:Bitcoin Volatility at 3-Month Low as Market Awaits Big Price Move\nThis warrants further clarification, as the actual yield on cash is a complex subject. The cash under your mattress does not earn any interest and has a theoretical storage cost. (Even if there’s no direct outlay, there’s the cost of a lack of solid rest due to bumpy sleep surfaces.) And there’s the opportunity cost – just think of all the potential returns you’re forgoing by not investing in stocks or bonds (oh wait…).\nThe cash in your bank account is also unlikely to produce meaningful income. And we now have the very real possibility that banks will start to apply negative rates to cash holdings, as part of a mandated strategy to stimulate spending.\n(Note that I’m not saying I agree with this rationale, just that it’s often trotted out. There’s an opportunity cost tonothaving cash around as well. And manyrenowned investorsare flush with cash, preferring to have “dry powder” for when opportunities arise.)\nA bigger-picture way to look at cash returns is the real yield, which incorporates inflation. We are already seeing a dip in inflation as spending plummets due to lockdowns, but once economies re-open and the stimulus checks are used to purchase everyday items made relatively scarce by supply chain constraints, inflation is likely to edge or even surge upwards.\nRelated:Russians Withdrew a Year’s Worth of Cash in a Month Over Coronavirus Fears\nThis will push real yields on cash well into negative territory. Then, cash will indeed be “trash.” But at least its negative territory will be stable.\nLet’s look at the yield outlook for government bonds. Even before the Federal Reserve abruptly cut its benchmark rate to 0 percent last month, U.S. bond yields were heading down across all maturities. Other government debt either carries a negative return or default and currency risk.\nCorporate bonds offer higher yields, but a wave of defaults is more likely now than at any time in recent history. They don’t call it a risk premium for nothing.\nStock yields, which have recently been even higher than bonds, are likely to head sharply down as dividends are cut across the board.\nTwo assets that aren’t looking at lower yields? Gold andbitcoin.\nBoth are “real assets” in that they don’t have any income. Which means there’s no income to cut. Their value may go down as well as up but it will do so because of consensus market forces, not political interference or centralized decisions.\nThis adds a new nuance to the use of the word “real.” Both gold and bitcoin can be influenced by political priorities and economic measures, but their intrinsic value cannot. And both gold and bitcoin are relatively liquid instruments with sophisticated derivatives markets.\nTrue, both are held in multi-asset portfolios valued in fiat currencies, and both largely depend on fiat currencies for their utility, for now. But of the two, only bitcoin can operate efficiently outside the fiat rails. Only bitcoin can be exchanged for other assets without going through a fiat conversion.\nFor now, this feature is limited to crypto exchanges that let you buy other crypto assets with bitcoin. It’s a start, and as traditional and crypto capital markets gingerly approach each other it’s likely to spread.\nAdmittedly, that will take time; meanwhile, the point is this: Unlike cash and securities, bitcoin is not vulnerable to centralized decisions on asset yields, and it can be used in a way similar to cash in asset purchases. It is the only quasi-cash equivalent that is resilient to the likely politicization of finance that results from the current ructions in markets and the broader economy.\nCash may be dissed by some who believe that yields should be a fundamental investment consideration; but everything in the investment world is relative. We could see attention start to coalesce around a potential alternative – not to cash itself, but to the role it plays in asset allocations. Bitcoin is by no means a cash substitute, at least not yet. It will, however, become an increasingly intriguing alternative for some of cash’s applications.\nMarkets were all over the place this week, with bitcoin dropping 8 percent between Monday and Thursday, only to rebound by almost 9 percent by Friday.\nThe S&P 500 was also volatile, clocking in a second weekly gain in a row for the first time since February, in spite of yet another staggering jump in unemployment claims, the worst retail sales data since 1992, the worst New York state manufacturing data since WWII and a relentless climb in COVID-19 casualties. Maybe expectations arejust so badthat the actual news comes as a relief. Or maybe reality doesn’t matter anymore. I don’t know.\nNot to be left out, gold is also doing weird things, with the spread between the spot and futures price widening to its highest level in 40 years. The spot price reached its highest point in seven years, which is confusing given the strong performance of the main equity index. I really need to dig deeper into what the problem is, if any, with physical delivery.\nIt was an intense week for significant (albeit unsurprising) developments in global stablecoins. The Facebook-backed Libra Project has pivoted from a multi-currency-backed global token to a wallet and blockchain forsingle currency stablecoinsas well as a multi-currency stablecoin-backed stablecoin (not a typo).\nThe idea of a “digital dollar” to facilitate stimulus payments has been reintroduced in thelatest stimulus bill.\nAnd mycolleagues Wolfie Zhao and David Pan went deepinto the Chinese national blockchain platform with global ambitions that could significantly impact the digital currency plans of central banks around the world.\nOur chief content officer, Michael Casey, has launched a newsletter focused on the impact of these and other developments on our financial system. It’s called “Money Reimagined,” and it comes out on Fridays – youcan subscribe here, andread the latest issue here.\n(Nothing in this newsletter should be considered investment advice. The author holds a small amount of bitcoin and ether.)\nRenaissance Technologies’flagship Medallion fund isconsidering adding cash-settled bitcoin futuresto its holdings, according to a recent filing.TAKEAWAY:On the surface this may seem like a big deal: One of the world’s largest and best-known hedge funds (the Medallion fund has nearly $10 billion AUM and isup 24 percent so far this year) believes bitcoin is worthy of investment. But, digging a bit deeper, it’s not that at all. Renaissance is a quant firm, which means it does not pay attention to underlying stories. It cares about correlations. Bitcoin exposure does not mean the managers see bitcoin as a revolutionary idea worth betting on; it’s a number. Still, we should keep an eye on bitcoin futures volumes on the CME.\nSilicon Valley venture firmAndreessen Horowitzisaiming to raise $450 millionfor a second cryptocurrency fund, according to the Financial Times. Its first crypto fund raised $350 million in 2018.TAKEAWAY:This is a pretty sizable vote of confidence in the sector’s potential, and not just through venture support for promising crypto-related companies. The investment may end up having an impact on the market itself – last year the firm registered all employees as financial advisers, enabling the fund to invest directly in crypto assets.\n(You also might want tocheck out the company’s explanationof howcrypto business modelsare different from web business models. TL;DR: It’s not just the network effect that gives value, it’s also the ability to reward participation and redistribute economic value to participants in the network, creating a virtuous circle of increasing participation and value.)\nResearchers at the Kansas City Federal Reservepublished a paperaboutbitcoin’s correlation with bonds and equities, with some unexpected results.TAKEAWAY:This study is particularly interesting in that it differs from studies that look at overall correlations over time. This one isolates times of financial stress, when you arguably most need a safe haven, and it finds that during these times bitcoin acts more like a risk asset and has positive (yes, positive) correlations with the S&P 500.\nMarcel Burger gives usa good overviewof the evolution and current state of thecrypto derivatives market, and explains why settling in BTC while quoting in USD turns the P&L from linear to non-linear.TAKEAWAY:Yet another peculiarity of trading in the crypto market. Outside of the FX markets, most traders won’t be used to this risk shift. This could be one of the reasons that BitMEX’s liquidation engine gets so much exercise. (For more detail, see also our “Crypto Derivatives” report.)\nTradeStationis now offering crypto tradingvia an agreement withinstitutional-grade crypto exchange ErisX.TAKEAWAY:This in itself isn’t really news – TradeStation has been offering crypto trading for almost a year now, through its subsidiary TradeStation Crypto. What is surprising is the legacy financial firm (founded in 1982) is continuing to invest in crypto market infrastructure, even **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-04-20 **Financial & Commodity Data:** - Gold Closing Price: $1701.60 - Crude Oil Closing Price: $-37.63 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $130,982,976,300 - Hash Rate: 111187583.309172 - Transaction Count: 251984.0 - Unique Addresses: 485888.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.15 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: View Bitcoin’s hourly chart is signaling a bullish reversal and scope for a rally to $9,550. Daily chart indicators are also aligning in favor of the bulls. Markets may shake out weak hands by revisiting sub-$9,000 levels briefly before printing stronger gains on the bull breakout. The 200-day average at $8,713 is the level to beat for the bears. Bitcoin (BTC) has crossed above $9,000, confirming a bullish breakout on technical charts and opening the doors for stronger gains. The cryptocurrency is currently changing hands near $9,075 on Bitstamp, representing a 3.5 percent gain on the day. Meanwhile, its global average price, as calculated by CoinDesk’s Bitcoin Price Index , is seen at $9,050. Today’s rally is preceded by a bear failure at key support. Bitcoin sellers led the price action on Tuesday and Wednesday and printed intraday lows near $8,660, but could not establish a secure foothold below the 200-day average at $8,720. Related: Bitcoin Stays Above $9,000 in US Trading Defense of the long-term average has paved the way for a bigger bull move, as expected. Notably, with the rise from $8,660 to $9,090 (today’s high so far), bitcoin has charted a bullish inverse head-and-shoulders breakout on the hourly technical chart. Hourly chart The hourly candle, representing price action in the 60 minutes to 10:00 UTC, closed above neckline resistance of $9,000, confirming an inverse head-and-shoulders bullish reversal pattern – a transition from a bearish lower-highs and lower-lows set up to bullish higher-lows and higher-highs. The breakout is backed by an uptick in buying volumes, as represented by the green bars, and has opened the doors to $9,550 (target as per the measured move method). Related: How the Bitcoin Market Changed Since 2017’s Bull Run Seasoned traders would argue an inverse head-and-shoulders breakout does not always accelerate the bull move and often traps buyers on the wrong side of the market. While that’s true, its effect depends on context. Story continues If the pattern appears following a notable price drop, as is the case here, the breakout usually causes more buyers to join the market. Further, markets often crowd out weak hands (buyers) following an inverse head-and-shoulders breakout by revisiting the former hurdle-turned-support of the neckline. So, a brief drop to or below $9,000 may be seen before rally toward higher resistance levels. Daily chart Bitcoin is flashing green, having defended the 200-day average for the second day running on Wednesday. The cryptocurrency’s price rise is in line with a bullish reversal doji pattern confirmed on Monday . The relative strength index has breached the descending trendline, signaling an end of the pullback from the recent high of $10,500. Further, the MACD histogram is producing higher lows in support of the bulls. All in all, technical charts look to have aligned in favor of a rise to resistance at $9,312 (Feb. 19 low). A violation there would expose the inverse-head-and-shoulders breakout target of $9,550. The bullish case would weaken only if prices print a UTC close below the 200-day average at $8,713. Disclosure: The author holds no cryptocurrency at the time of writing . Related Stories BitGo Reveals Bitcoin Lending Push; $150M Booked So Far Bitcoin Remains Steady Amid Weaker Volume... - 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.
6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55
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:** ['In what may qualify as the most obvious shutdown decision amid the COVID-19 pandemic, the World Series of Poker made things official on Monday. This summer’s World Series has been postponed. Organizers are now targeting the fall to hold the annual series of poker tournaments that sees players vie for hundreds of millions of dollars and coveted winners’ bracelets. “We are committed to running the World Series of Poker this year but need additional time to proceed on our traditional scale while prioritizing guest and staff well-being,” a statement from WSOP executive director Ty Stewart reads. The series was scheduled to begin on May 26 at the Rio Hotel and Casino in Las Vegas and run through July 14. The annual series consists of much more than the highly publicized $10,000 No-Limit Texas Hold ‘em main event. This year’s series was scheduled to host 117 tournaments with buy-ins ranging from multiple $400 events to the $250,000 Super High-Roller No-Limit Hold ‘em event originally scheduled for June 27. According to the release, “changes are anticipated” to the event schedule upon the series’ anticipated return. The 2020 World Series of Poker has been postponed. (AP Photo/John Locher) Blow for poker industry Poker players from around the world flock to Las Vegas every summer to compete in tournaments and cash side games. The postponement and potential cancellation of the World Series is a big blow to the industry. But like with most shutdowns amid the coronavirus crisis, it is inevitable. With players sitting in tight quarters and passing cards and chips back and forth, a poker room is a prime location for a contagious virus to thrive. Nevada casinos are under state-wide shutdown orders until April 30 and are likely to remain shuttered for significantly longer. Can tournaments move online? With casinos shut down worldwide, the poker community has largely moved online with players buying into public tournaments with Bitcoin and playing private cash games on the internet. Stewart stated that “official WSOP competitions are expected to be played online this summer,” but with laws largely restricting online poker in the United States, the internet isn’t a viable alternative to include a broad array of players for the series’ marquee events. Story continues Online WSOP events are only legally accessible in Nevada, Pennsylvania, Delaware and New Jersey. What WSOP competitions will be available online is not yet clear. More from Yahoo Sports: 5 best moments from first two episodes of Jordan documentary Burrow called Manning for advice ahead of NFL draft Lakers’ Davis puts L.A. home on market, but what does it mean? Nationals GM: No ring ceremony until fans are allowed back', 'In what may qualify as the most obvious shutdown decision amid the COVID-19 pandemic, the World Series of Poker made things official on Monday. This summer’s World Series has been postponed. Organizers are now targeting the fall to hold the annual series of poker tournaments that sees players vie for hundreds of millions of dollars and coveted winners’ bracelets. “We are committed to running the World Series of Poker this year but need additional time to proceed on our traditional scale while prioritizing guest and staff well-being,” a statement from WSOP executive director Ty Stewart reads. The series was scheduled to begin on May 26 at the Rio Hotel and Casino in Las Vegas and run through July 14. The annual series consists of much more than the highly publicized $10,000 No-Limit Texas Hold ‘em main event. This year’s series was scheduled to host 117 tournaments with buy-ins ranging from multiple $400 events to the $250,000 Super High-Roller No-Limit Hold ‘em event originally scheduled for June 27. According to the release, “changes are anticipated” to the event schedule upon the series’ anticipated return. The 2020 World Series of Poker has been postponed. (AP Photo/John Locher) Blow for poker industry Poker players from around the world flock to Las Vegas every summer to compete in tournaments and cash side games. The postponement and potential cancellation of the World Series is a big blow to the industry. But like with most shutdowns amid the coronavirus crisis, it is inevitable. With players sitting in tight quarters and passing cards and chips back and forth, a poker room is a prime location for a contagious virus to thrive. Nevada casinos are under state-wide shutdown orders until April 30 and are likely to remain shuttered for significantly longer. Can tournaments move online? With casinos shut down worldwide, the poker community has largely moved online with players buying into public tournaments with Bitcoin and playing private cash games on the internet. Stewart stated that “official WSOP competitions are expected to be played online this summer,” but with laws largely restricting online poker in the United States, the internet isn’t a viable alternative to include a broad array of players for the series’ marquee events. Story continues Online WSOP events are only legally accessible in Nevada, Pennsylvania, Delaware and New Jersey. What WSOP competitions will be available online is not yet clear. More from Yahoo Sports: 5 best moments from first two episodes of Jordan documentary Burrow called Manning for advice ahead of NFL draft Lakers’ Davis puts L.A. home on market, but what does it mean? Nationals GM: No ring ceremony until fans are allowed back', 'Lex Sokolin, a CoinDesk columnist, is Global Fintech co-head at ConsenSys, a Brooklyn, N.Y.-based blockchain software company. The following is adapted from his Fintech Blueprint newsletter. The war over money is reaching a new height. And yet, the shape of what is to come has never been more obvious. I can’t tell you how the cookie will crumble yet, but I can tell you the ingredients and the flavor. If you are not preparing for this world, your head is in the sand and you will miss a generational opportunity. Related: Bitcoin Can’t Be a Safe Haven and 100x Leverage Is the Reason Why COVID-19 has made transparent the playbook of sovereign states and their macroeconomic responses. Students of history will know that money has always been an instrument of the State, and that debt is how you build an Empire. To wage war, you must borrow from the Iron Bank. Taxes are the royal lifeblood, and we are economic appendages for the body politic. In this frame, regulatory licensing is the granting of monopoly power over State privilege. Privilege enforced by the sword. See also: Money Reimagined: Demand for USD Stablecoins Foreshadows Financial Disruption At times it may be sufficient to regulate reserve banking and oversee money flows with inflation and unemployment targeting. You would bat away at technology upstarts trying to weasel their way into the financial rivers. But sometimes you need to hand out $2 trillion in bailout money for a quarantine that you have mandated. One hand takes, the other hand gives. Sometimes the giving hand allows PayPal, Intuit, and Square to direct money without traditional licensing , because they are faster and more efficient. But sometimes the money runs out and you’ve killed all the small businesses anway. Related: Dutch Central Bank Wants to Be European Union’s CBDC Proving Ground Anyway. The money seems to be doing some weird things these days, if you are a country. Like, some really weird things! For example, the money keeps trying to transform itself into private cash equivalents and hide out in blockchains. Strange new companies, which are definitely not licensed to lend and borrow, keep buying up money, putting it into a box, and launching tokenized versions of units of account. It’s not even clear that it is companies doing this – sometimes it is just a bunch of open source-obsessed strangers on the internet. Story continues About $3 billion of tokenized cash sweep, in large part on the Ethereum blockchain and used in trading and decentralized finance, now sits in crypto exchanges. Tether alone is $7 billion of market capitalization today (not all is on exchanges). This is a sign of people entering the ecosystem to access new financial instruments . Note, these are not investment trends. This is not about a stablecoin ever being worth more than one dollar per unit. Rather, it is about flows and where the money is going. This cash is the rounding error in your asset allocation. Cash should be 5-10 percent of your net worth depending on risk tolerance. Meanwhile, Facebook and Silicon Valley startups with billions of users are also trying to reinvent money. As a country, you may have a few hundred million people here and there. But the technology platforms are global and far better coordinated than international political bodies. They have people’s attentions and hearts; you just have taxes and the sword. If you haven’t seen it yet, the Libra Association released a second version of its white paper reflecting the input of regulators . The initial cut was focused on a technology council that issued a currency basket as an initial reserve, and then tech company users would contribute to that currency basket from across the world. Net interest income would flow to the council, yielding billions as balances reached trillions. The new cut is both more modest, and more dangerous. That is precisely what makes it so dangerous and likely to be adopted. The libra coin will be a mere basket (i.e., an allocation container) of underlying central bank digital currencies represented on the network (for my prior take on CBDCs, see here ). This means there will be a digital dollar, a digital euro and a digital sterling all traveling on the Libra blockchain rails. This is analogous to today’s stablecoins traveling on the Ethereum rails. The white paper update is less ambitious in that it will not create a new form of money, and that the Libra rails will be fully permissioned. There is no decentralization and self-sovereignty in this proposal. And that is precisely what mak **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-04-21 **Financial & Commodity Data:** - Gold Closing Price: $1678.20 - Crude Oil Closing Price: $10.01 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $125,358,397,100 - Hash Rate: 115730561.554044 - Transaction Count: 310851.0 - Unique Addresses: 610555.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.17 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Crypto exchange Bitfinex is set to further delist 87 trading pairs due to low levels of liquidity. The pairsbeing removedinclude several altcoins paired against both bitcoin (BTC) and ether (ETH), as well as against tether (USDT) and fiat currencies.Some of these pairs include altcoins of notable projects, such as token creation platform Bancor, blockchain-based AI marketplace project SingularityNET and adult industry-oriented blockchain project SpankChain, among others. Bitfinex said the removal, effective March 26, will help improve liquidity and the trading experience for users. Bitfinex appears to be on a delisting-spree. Earlier this month, itremoved46 trading pairs, also due to low liquidity. At the time, Bitfinex CTO Paolo Ardoino told The Block that the exchange decided to delist pairs because many projects born in the 2017 initial coin offering (ICO) boom have now “lost traction.” While Bitfinex currently does not have a hard cap for the number of pairs it hopes to support, it wants to concentrate all liquidity of a given project into a single pair, typically the USD pair, Ardoino told The Block at the time.... - Reddit Posts (Sample): [['u/johnfoss68', 'Monero - The Elephant in the Room', 86, '2020-04-21 03:59', 'https://www.reddit.com/r/CryptoCurrency/comments/g56bxi/monero_the_elephant_in_the_room/', '**The state of financial privacy in 2020**\n\n*Note: You can read this in a friendlier format with images over on Medium - [https://medium.com/@johnfoss/the-elephant-in-the-room-34e061f5912a](https://medium.com/@johnfoss/the-elephant-in-the-room-34e061f5912a)*\n\nThe erosion of personal privacy is gaining momentum since the coronavirus pandemic took hold. Worldwide, there have been numerous calls by governments and social commentators to increase the surveillance of citizens in hope of controlling the virus. Corporations such as Google and Apple, along with countries such as Singapore, Germany, Belgium, USA, and South Korea have been\xa0utilizing smartphone data\xa0in different capacities to monitor the movements of citizens.\n\nMany believe the implementation of new surveillance measures will calcify and become the new norm, setting precedence for further encroachment.\n\nMainstream media has also begun supporting the notion of increased surveillance to serve social and financial needs. A recent\xa0Bloomberg opinion piece\xa0discussed the need for increased surveillance, pointing out the financial system we operate within is fractured and inefficient when dealing with wide spread social and economic problems.\n\nOnce again, government over-reach of citizens’ privacy is a considered solution to our problems.\n\nCountries such as Sweden (which is expected to go entirely cashless by 2023) have been leading the charge in moving to a cashless world, and in Australia the government is preparing to\xa0ban cash transactions over ten thousand dollars\xa0in order to increase monitorization.\n\nThis road to a cashless society is being sped up by the coronavirus pandemic. There is correlation between countries where ‘cash is king’ and a high number of coronavirus infections. Many retail stores are now too afraid to accept cash due to possible virus transmission, with some\xa0outright refusing\xa0to transact with cash.\n\nThe erosion of privacy, and the gradual transition from cash to digital financial transactions leads us to murky waters. Will we be able to conduct private financial transactions five to ten years from now?\n\nThroughout the past decade, unorthodox individuals turned to Bitcoin in order to transact privately. This led to the inception of popular online darknet markets such as the Silk Road. However, many of the darknet markets proved to be unreliable and short-lived. It soon became apparent to Bitcoin users that Bitcoin is not private, and many of those conducting transactions in relation to darknet markets were identified and prosecuted.\n\nBlockchain analytic companies such as Chainanalysis gained traction and suddenly Bitcoin tumblers were found to be ineffective. Blockchain analytic companies take advantage of Bitcoin’s transparent blockchain, analysing data and tracking transaction outputs. The blockchain analytic company then sells this information to cryptocurrency exchanges and government organisations so they can link Bitcoin addresses to specific users. Many Bitcoin advocates tout Bitcoin can be used privately via the use of newer tumbling technologies, however this is a somewhat arduous process with no guarantee of its effectiveness. In December 2019\xa0Chainanalysis demonstrated\xa0how they tracked transactions mixed via Wasabi Wallet that were associated with the PlusToken scam. Tumbling also leads to the possibility of coin taint, whereas certain Bitcoin may be perceived to be less valuable because they can be identified as being associated with nefarious activities, and as a result exchange services may confiscate coins when a user attempts to sell them.\n\nWhile Bitcoin holds many desirable characteristics of sound money, many prominent figures within the Bitcoin space have repeatedly discussed on the need for default privacy and fungibility. However, as was seen in previous years’ block size dispute, the issue of privacy will come with great lengthy debate as stakeholders attempt to reach a consensus that does not impact upon the characteristics of Bitcoin.\n\nAs change within the social and financial landscape continues to accelerate, those seeking financial privacy may turn to Monero.\n\nMonero is the elephant in the room.\n\nMonero is a cryptocurrency similar to Bitcoin and shares many of the same characteristics of sound money, however it also provides default privacy. Unlike other privacy focused cryptocurrencies, privacy isn’t opt-in, so all transactions and wallet amounts are unknown and indistinguishable from one another. Every unit of Monero is valued equally as no matter its history. This allows Monero to be truly fungible, and eradicates any possibility of coin taint. It has proven this in a number of cases. For example, exchanges have been hesitant to list Monero due to KYC/AML compliance issues it raises because it is impossible to determine transaction history.\n\nIf Monero provides financial privacy solutions, why is Monero being ignored?\n\nFirstly, while most deem privacy to be important, many are yet to find it necessary to adopt privacy technologies. There are many easy to use privacy solutions such as Signal or DuckDuckGo, however these are not widely used as users opt for convenience instead. As surveillance increases and data collected is harnessed to marginalize or punish users, it is like that privacy technologies will become extremely desirable. Additionally, acquiring Monero can be difficult or inconvenient for some, as cryptocurrency exchanges must comply with laws and regulations, and may perceive it to be a risk listing an untraceable cryptocurrency. This also leads to lower liquidity than other cryptocurrencies.\n\nMonero remains a community driven project. Public figures such as John McAfee and Crypto Vigilante continue to advocate the use of Monero ahead of Bitcoin. Due to its humble and open-source nature, Monero isn’t widely promoted even though it maintains the third largest cryptocurrency community on Reddit after Bitcoin and Ethereum.\n\nIn respect to the technology, Monero’s hashrate has steadily been increasing over time, and the number of\xa0daily transactions\xa0taking place on the Monero blockchain are higher than ever. The Monero Research Lab continues its research in order to improve the protocol. Over the past few years these improvements resulted in reduced transaction fees, and enhanced scalability and privacy.\n\nIn just a few years from now, it is extremely likely traditional financial systems will not provide the capacity to transact privately. Banks will be required to ask questions regarding why certain transactions took place, and recorded transaction data will be sold to third parties. As the erosion of our privacy continues to accelerate, it won’t be long until Monero gains the use and recognition it deserves, and price reflects this.\n\nMonero is what people think Bitcoin is.\n\n\n*Feel free to share or publish this article as you wish.*', 'https://www.reddit.com/r/CryptoCurrency/comments/g56bxi/monero_the_elephant_in_the_room/', 'g56bxi', [['u/1Tim1_15', 39, '2020-04-21 04:49', 'https://www.reddit.com/r/CryptoCurrency/comments/g56bxi/monero_the_elephant_in_the_room/fo1ns18/', "Monero is awesome. I still use BTC in large part because it has the first-mover status and clout. It's not going away any time soon. But Monero is the ideal currency.", 'g56bxi'], ['u/Technologhee', 10, '2020-04-21 05:21', 'https://www.reddit.com/r/CryptoCurrency/comments/g56bxi/monero_the_elephant_in_the_room/fo1qrwt/', 'Worst response ever', 'g56bxi'], ['u/Loooong_Loooong_Man', 12, '2020-04-21 06:52', 'https://www.reddit.com/r/CryptoCurrency/comments/g56bxi/monero_the_elephant_in_the_room/fo1ypex/', "Ive heard Dero doing some shady things, like not crediting Monero for things they've used of theirs and even claiming to create things like bulletproofs when they clearly did not.", 'g56bxi'], ['u/Loooong_Loooong_Man', 10, '2020-04-21 06:53', 'https://www.reddit.com/r/CryptoCurrency/comments/g56bxi/monero_the_elephant_in_the_room/fo1yqzl/', "but many of these other options are compromising on privacy. Monero doesn't.", 'g56bxi'], ['u/Tystros', 18, '2020-04-21 07:09', 'https://www.reddit.com/r/CryptoCurrency/comments/g56bxi/monero_the_elephant_in_the_room/fo2021z/', "Monero is great! There's only 3 crypticurrencies that I see any value in, and Monero is one of them, and definitely the one with the most real world usage at the moment.", 'g56bxi'], ['u/zwarbo', 14, '2020-04-21 07:36', 'https://www.reddit.com/r/CryptoCurrency/comments/g56bxi/monero_the_elephant_in_the_room/fo222ru/', 'Privacy should not be an option, if it’s an option then you will need incentive for certain transactions to be private and people «\xa0governments\xa0» will be asking questions.', 'g56bxi'], ['u/AlcoholEnthusiast', 17, '2020-04-21 08:30', 'https://www.reddit.com/r/CryptoCurrency/comments/g56bxi/monero_the_elephant_in_the_room/fo25tiu/', 'But... that is the point of first-mover. It *does* matter, even if the technology is less than ideal.', 'g56bxi'], ['u/Qwahzi', 11, '2020-04-21 15:29', 'https://www.reddit.com/r/CryptoCurrency/comments/g56bxi/monero_the_elephant_in_the_room/fo2wiym/', 'Nano - Fastest cryptocurrency, 0 fees, 1st layer scalable\n\nMonero - Real privacy\n\nEthereum - Smart contracts with a huge amount of developer mindshare', 'g56bxi'], ['u/johnfoss68', 11, '2020-04-21 16:10', 'https://www.reddit.com/r/CryptoCurrency/comments/g56bxi/monero_the_elephant_in_the_room/fo30lkq/', "That article is inaccurate and somewhat ridiculous.\n\nNot surprised seeing it was written by Zucco.\n\n>it’s not true that a privacy feature can ever be “mandatory at the protocol level.”\n\nLOL - Monero uses ring signatures, ring confidential transactions, and stealth addresses to obfuscate the origins, amounts, and destinat... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Bitcoin rose by 0.19% on Tuesday. Following a 4.14% slide on Monday, Bitcoin ended the day at $6,850.0. A relatively bullish start to the day saw Bitcoin rise to an early morning high $6,923.0 before hitting reverse. Falling short of the major resistance levels, Bitcoin slid to a late morning intraday low $6,770.1. Steering clear of the first major support level at $6,657.03, Bitcoin rallied to a late afternoon intraday high $6,958.8. Falling short of the first major resistance level at $7,127.33, Bitcoin fell back to sub-$6,900 to limit the upside. 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 Tuesday. Cardano’s ADA and Stellar’s Lumen led the way, with gains of 2.15% and 1.52% respectively. Binance Coin (+1.07%), Bitcoin Cash ABC (+1.12%), Litecoin (+1.09%), and Tezos (+1.06%) also found relatively strong support. EOS (+0.74%), Ethereum (+0.40%), Monero’s XMR (+0.78%), Ripple’s XRP (+0.89%), and Tron’s TRX (+0.84%) saw more modest gains on the day. Bitcoin Cash SV bucked the trend on the day, falling by 0.57%. Through the start of the week, the crypto total market cap fell from a Monday high $209.37bn to a Tuesday low $196.98bn. At the time of writing, the total market cap stood at $198.73bn. Bitcoin’s dominance continued to hover at sub-64% levels following last week’s gains. At the time of writing, Bitcoin’s dominance stood at 63.5%. 24-hour trading volumes rose from sub-$130bn levels to reach a current week high $146.91bn on Monday before falling back to sub-$120bn levels on Tuesday. At the time of writing, 24-hr volumes stood at $114.46bn. This Morning At the time of writing, Bitcoin was up by 0.29% to $6,869.6. It was a mixed start to the day. Bitcoin fell to an early morning low $6,826.2 before striking a high $6,892.4. Story continues Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was another mixed start to the day. Binance Coin (-0.12%), Bitcoin Cash ABC (-0.17%), and EOS (-0.07%) saw red early on. The rest of the pack found early support. Stellar’s Lumen and Tezos led the way, with gains of 1.63% and 1.61% respectively. For the Bitcoin Day Ahead Bitcoin would need to move through to $6,900 levels to bring the first major resistance level at $6,949.17 into play. Support from the broader market would be needed, however, for Bitcoin to break back through to $6,900 levels. Barring another broad-based crypto rally, the first major resistance level and Tuesday’s high $6,958.8 would likely limit any upside. In the event of a broad-based crypto rally, the second major resistance level at $7,048.33 would likely come into play. Failure to move through to $6,900 levels could see Bitcoin hit reverse. A fall through the morning low $6,826.2 would bring the first major support level at $6,760.47 into play. Barring a crypto meltdown, however, Bitcoin should steer of sub-$6,700 levels. This article was originally posted on FX Empire More From FXEMPIRE: E-mini S&P 500 Index (ES) Futures Technical Analysis – Weakens Under 2765.50, Strengthens Over 2786.00 AUD/USD Forex Technical Analysis – Main Trend Changed to Down on Tuesday Oil Volatility is a Sight to Behold EUR/USD Forex Technical Analysis – Strengthens Over 1.0892, Weakens Under 1.0831 Crude Oil Price Update – With May Futures Off the Board, Prices Could Consolidate Is Stock Market Volatility About to Spike Higher than March?', 'Bitcoin rose by 0.19% on Tuesday. Following a 4.14% slide on Monday, Bitcoin ended the day at $6,850.0.\nA relatively bullish start to the day saw Bitcoin rise to an early morning high $6,923.0 before hitting reverse.\nFalling short of the major resistance levels, Bitcoin slid to a late morning intraday low $6,770.1.\nSteering clear of the first major support level at $6,657.03, Bitcoin rallied to a late afternoon intraday high $6,958.8.\nFalling short of the first major resistance level at $7,127.33, Bitcoin fell back to sub-$6,900 to limit the upside.\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 mixed day on Tuesday.\nCardano’s ADA and Stellar’s Lumen led the way, with gains of 2.15% and 1.52% respectively.\nBinance Coin (+1.07%), Bitcoin Cash ABC (+1.12%), Litecoin (+1.09%), and Tezos (+1.06%) also found relatively strong support.\nEOS (+0.74%), Ethereum (+0.40%), Monero’s XMR (+0.78%), Ripple’s XRP (+0.89%), and Tron’s TRX (+0.84%) saw more modest gains on the day.\nBitcoin Cash SV bucked the trend on the day, falling by 0.57%.\nThrough the start of the week, the crypto total market cap fell from a Monday high $209.37bn to a Tuesday low $196.98bn. At the time of writing, the total market cap stood at $198.73bn.\nBitcoin’s dominance continued to hover at sub-64% levels following last week’s gains. At the time of writing, Bitcoin’s dominance stood at 63.5%.\n24-hour trading volumes rose from sub-$130bn levels to reach a current week high $146.91bn on Monday before falling back to sub-$120bn levels on Tuesday. At the time of writing, 24-hr volumes stood at $114.46bn.\nAt the time of writing, Bitcoin was up by 0.29% to $6,869.6. It was a mixed start to the day. Bitcoin fell to an early morning low $6,826.2 before striking a high $6,892.4.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was another mixed start to the day.\nBinance Coin (-0.12%), Bitcoin Cash ABC (-0.17%), and EOS (-0.07%) saw red early on.\nThe rest of the pack found early support. Stellar’s Lumen and Tezos led the way, with gains of 1.63% and 1.61% respectively.\nBitcoin would need to move through to $6,900 levels to bring the first major resistance level at $6,949.17 into play.\nSupport from the broader market would be needed, however, for Bitcoin to break back through to $6,900 levels.\nBarring another broad-based crypto rally, the first major resistance level and Tuesday’s high $6,958.8 would likely limit any upside.\nIn the event of a broad-based crypto rally, the second major resistance level at $7,048.33 would likely come into play.\nFailure to move through to $6,900 levels could see Bitcoin hit reverse.\nA fall through the morning low $6,826.2 would bring the first major support level at $6,760.47 into play.\nBarring a crypto meltdown, however, Bitcoin should steer of sub-$6,700 levels.\nThisarticlewas originally posted on FX Empire\n• E-mini S&P 500 Index (ES) Futures Technical Analysis – Weakens Under 2765.50, Strengthens Over 2786.00\n• AUD/USD Forex Technical Analysis – Main Trend Changed to Down on Tuesday\n• Oil Volatility is a Sight to Behold\n• EUR/USD Forex Technical Analysis – Strengthens Over 1.0892, Weakens Under 1.0831\n• Crude Oil Price Update – With May Futures Off the Board, Prices Could Consolidate\n• Is Stock Market Volatility About to Spike Higher than March?', 'Rogue miners submitted phony price data that tricked decentralized stablecoin network PegNet into turning a small wallet balance into a $6.7 million stash.\nAt approximately 05:00 UTC Tuesday morning, four mining entities – which together comprised as much as 70 percent of the PegNet hashrate – submitted data that artificially inflated the price of a “pJPY,” a stablecoin pegged to the price of Japanese yen,according to a core developergoing by the username “WhoSoup.”\nBeginning initially with a wallet balance of $11, the group pushed the price of pJPY up to $6.7 million and then transferred it into pUSD – PegNet’s USD-linked stablecoin. They then tried (unsuccessfully) to liquidate as much as possible on spot exchanges and distribute the remainder in hundreds of different wallet addresses.\nRelated:Libra’s Long Road From a Facebook Lab to the Global Stage: A Timeline\nPegNet is a decentralized network, built on top of the Factom protocol, where users can trade stablecoins pegged to 42 assets. Besides fiat currencies, there are also digital assets pegged to commodities, such as gold, and other cryptocurrencies includingbitcoinandether.\nSee also:Hacker Exploits Flaw in Decentralized Bitcoin Exchange Bisq to Steal $250K\nThe network relies on miners to submit price data collected from a series of oracles and APIs to keep stablecoin prices pegged to their fiat equivalents. Each block requires up to 50 data points, and the protocol discards the 25 submissions furthest away from the total average. Most use the third to fourth default sources, but miners are also able to submit their own arbitrary values.\n“WhoSoup” told CoinDesk this isn’t normally a problem as the system works to incentivize miners – with a block reward – to submit price data in line with those of other submissions.\nRelated:Stablecoins Aren’t Inflating Crypto Market, Study Concludes\nOver Discord, the developer explained the miners essentially performed a form of 51 percent attack by submitting 35 of the top 50 price submissions, skewing the average in their favor and meaning that the remaining 15 price submissions were discarded as outliers.\nWith the fake exchange rate, the miners converted the inflated pJPY into pUSD so the overall wallet balance rose from $11 worth of pJPY tokens to well over 6.7 million pUSD which, assuming accurate price data, should be worth $6.7 million.\nTuesday’s attack lasted about 20 minutes and apparently did not affect other users’ funds.\nDavid Johnston, who as well as being Factom Inc. chairman is also one of the main figures behind PegNet, told CoinDesk that group had no control over transactions and conversion of other users, but could only confirm price data. “This attacker seems to have only affected the **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-04-22 **Financial & Commodity Data:** - Gold Closing Price: $1728.70 - Crude Oil Closing Price: $13.78 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $125,358,397,100 - Hash Rate: 115730561.554044 - Transaction Count: 310851.0 - Unique Addresses: 610555.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.19 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Beijing-based Bitmain is handing out cash coupons to compensate customers who ordered its latest bitcoin mining machines ahead of recent price markdowns. Bitmainsaid Tuesdaythat buyers of its AntMiner S17+ and T17+ devices with delivery dates between mid-February and the end of April will receive coupons worth from $17 to $272 per unit – a move that reflects the lasting impact of last month’s crash inbitcoinprices and the expected mining revenue drop due to bitcoin’s halving event in May. See also:Bitcoin Halving, Explained Related:New York Power Plant Sells 30% of Its Bitcoin Mining Hashrate to Institutional Buyers For instance, for buyers who received their AntMiner S17+ pre-orders in late March, Bitmain will compensate them with coupons worth around $240 per unit. For those who have received or will receive their AntMiner S17+ throughout April, the partial refund will be around $270. The coupons, which can only be used when purchasing additional goods at Bitmain, also signal tougher market conditions for the sales of mining equipment currently – a factor likely to decrease Bitmain’s revenue and increase liabilities on its balance sheet. For context, Bitmain typically sells its newest miners based on a pre-order model, with customers paying full retail price upfront for a delivery that will take place usually two or three months later. Also read:Bitcoin Halving: How Miners Are Preparing for Lower Block Rewards Related:Bitcoin Miner Maker Canaan Lost $148M in 2019 As such, those who received their AntMiner S17+ delivery in early April might have originally paid well above the current price of the device. All miner manufacturershave been marking down their pricesfollowing the March 12 crash and with the halving arriving soon. As an example, Bitmain was advertising a price of $1,567 per unit for the AntMiner S17+ earlier this month (although some resellers at the time were already quoting a price of around $1,300). The firm has now adjusted the official price on its website to $1,320, representing a 15.7-percent markdown. • Bitcoin Cash Undergoes ‘Halving’ Event, Casting Shadow on Miner Profitability • New Software Fix Offers Bitcoin Miners Increased Security... - 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.
7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Spring is usually a welcome time of year for bitcoin mining businesses in China. The upcoming rainy season brings excessive hydropower, making electricity cheap and mining more profitable \x85 all else equal. This year, however, two key variables have changed, upending the calculus for operators of mining facilities and for miners themselves in the world\x92s hub for this activity. After recovering from March\x92s brutal selloff, bitcoin\x92s price has been stagnating around $7,000. As a result, mining farms that offer hosting services are struggling to find enough customers to fill capacity. Related: Bitcoin Rallies 10% Ahead of CME April Futures Expiration Further, the standstill comes just before the network\x92s halving event, due in less than 20 days, which will put further pressure on revenues in the multibillion-dollar bitcoin mining industry. Read also: Bitcoin\x92s Halving, Explained . The situation presents a conundrum for miners: whether to buy new, more powerful equipment; and if not, when to switch off older models, and when to switch them on again. The winning move will depend on how things play out after the halving, which is far from certain. \x93If bitcoin\x92s price doesn\x92t go up post-halving, then who\x92s going to buy new equipment to fulfill this capacity?\x94 said Huang Fangyu, co-founder of ValarHash , the company behind the mining pool 1THash, which owns facilities primarily for self-mining in Sichuan and sells cloud mining contracts. 20 percent off Related: Arctos Inks $1M Sale and Leaseback Deal With Bitcoin Miner Blockware As they game out the scenarios, miners at least enjoy a glut of space to host their machines. Mining facilities in China\x92s water-abundant southwestern provinces during the summer are offering electricity prices for as much as 20 percent lower than what they did last year in order to attract investors, industry experts say. Research firm CoinShares estimated in a December report that China accounted for 65 percent of bitcoin\x92s global computing power and the southwestern Sichuan province alone accounted for over 50 percent of the network\x92s total. Story continues Huang said based on his observations, the average offer by facilities for hosting services now ranges between 0.2 to 0.22 yuan ($0.028 to $0.031) per kilowatt-hour (kWh). He estimates it could go below the lower end when the rainy season starts in May and June. Charles Chao Yu, chief operating officer at the mining pool F2Pool, also said this year\x92s offer is certainly in the neighborhood of $0.031 per kWh following last month\x92s price crash as mining farms have to lower their margin to compete for customers. For context, the average electricity cost last year in China\x92s mountainous Sichuan and Yunnan provinces was between 0.24 and 0.25 yuan , around $0.035 per kWh. A seemingly negligible difference of even just 0.01 yuan, or $0.0014, makes all the difference for bitcoin mining. For a site that runs a capacity of 100 megawatt-hour (mWh), that difference would mean a daily cost saving of $3,360 and over $100,000 per month. At a time when bitcoin mining\x92s block reward is about to drop from 12.5 units per block to 6.25 in less than 20 days, saving on electricity would be as important as using more efficient mining equipment. China-based mining pool Poolin recently conducted a survey to scope out mining farms with hydro-power resources in China\x92s southwest regions. Poolin\x92s co-founder Chris Zhu Fa said based on the firm\x92s calculation, there will be 3 to 5 gigawatt-hours (GWh) of capacity during the summer this year with about 1 GWh that he believes is reliable in terms of pricing and qualification. Huang estimates mining facilities in Sichuan overall have a capacity of about 4 GWh while Yunnan has about 2 GWh. A complex equation Bitcoin mining\x92s total average computing power has recently climbed to 113 million terahashes per second (TH/s), a rebound following a 16 percent drop last month. Assuming all of this computing power comes from widely used machines in the market like the WhatsMiner M20S, which has an average efficiency of 50 watt per TH/s, the total network could be consuming around 6 gigawatt of electricity worldwide in an hour. (For context , that is roughly what 600 U.S. households consumed in 2018.) But if bitcoin\x92s price remains at its current level of $7,000 after halving, older mining equipment is expected to shut down, which would lead to decrease of the network\x92s hashing power, making it even harder for farms that need customers to fulfill their capacity. That said, bitcoin mining is a dynamic market and game theory comes into play. If bitcoin mining\x92s competition and total hashrate drop after the halving resulting from some operators shutting down older models, then those who stick around would be able to receive more mined coins, resulting in older models to come online again. \x93It would be normal to see bitcoin network\x92s hashrate drop to 60 to 70 million TH/s after halving,\x94 said Liu Fei, who manages self-mining facilities at Chinese bitcoin startup Bixin, during a recent online panel hosted by Chinese crypto media ODaily. \x93But when the mining competition drops in June, with mining farms offering more electricity promotions and sourcing second hand equipment to fulfill their capacities, we may see the hashrate go back to 100-120 million TH/s again,\x94 he said. Buying spree cools But what\x92s underneath these dynamics is the fact that the buying spree for new unused and more powerful equipment has cooled down, which is different from the situation last year and also one factor that leads to mining farms\x92 challenges in on-boarding enough customers. For instance, at this time last year, bitcoin\x92s mining hashrate was not even 50 million TH/s. Bitcoin\x92s price, although lower than what is right now, was on an upward trend. These factors drove demand for new mining equipment to outstrip manufacturers\x92 supplies, boosting the network\x92s hashrate to 100 million TH/s by the end of December. Then came the coronavirus outbreak, and eventually the March market meltdown. \x93The March 12 sell-off also caused a lack of confidence among investors in purchasing new equipment at a large scale,\x94 Liu said. \x93So it\x92s likely going to be a game for existing inventories during the entire summer season.\x94 Valarhash\x92s Huang echoed that sentiment. \x93The hashrate after halving will drop to a point that older miners like the AntMiner S9 could become profitable again with electricity promotions by mining farms,\x94 he said. \x93Then the hashrate will go up and some will have to turn off again. That will be a headache.\x94 And the last month\x92s sell-off also forced liquidations by many miner operators who had pledged bitcoin for loans, leaving many short on cash at the moment, Huang said. Thus, at this point, investors are taking a step back to wait and see how the market will react after halving before they spend money on new equipment. \x91Selling iron\x92 But as mining facilities struggle to sign customers, others may see opportunities in the secondhand market as older mining equipment is being sold at unprecedentedly cheap prices. For instance, distributors on Alibaba.com are advertising used AntMiner S9s in the secondhand market for $20 to $80 per unit, depending on their conditions. At the height of the crypto market\x92s 2017 craze, a single unit of AntMiner S9 could cost over $3,000. \x93Now it\x92s like selling iron with mining chips as a giveaway,\x94 Huang said. \x93But those that have the access to extremely cheap electricity during the summer could still accumulate such stocks to either make a quick buck in the summer or to fulfill unused electricity at mining facilities.\x94 To be sure, at the bitcoin network\x92s current difficulty and price, the AntMiner S9 could still yield a gross margin of just under 50 percent at an electricity cost of $0.03 per kWh. If bitcoin\x92s price remains at the current level after halving, S9s could still be marginally profitable once mining competition declines. And the option is available for miner operators to lower the voltage for these older models in order to improve their profitability. \x93It all boils down to the price of bitcoin,\x94 Huang said. \x93If it goes back to $10,000, problem solved. Almost every machine can go back running again.\x94 Related Stories Negative Oil Prices Could Hurt Bitcoin Miners Who Use Flared Gas Crypto Long & Short: The Battle of the Yields', 'Spring is usually a welcome time of year for bitcoin mining businesses in China. The upcoming rainy season brings excessive hydropower, making electricity cheap and mining more profitable … all else equal.\nThis year, however, two key variables have changed, upending the calculus for operators of mining facilities and for miners themselves in the world’s hub for this activity.\nAfter recovering from March’s brutal selloff,bitcoin’sprice has been stagnating around $7,000. As a result, mining farms that offer hosting services are struggling to find enough customers to fill capacity.\nRelated:Bitcoin Rallies 10% Ahead of CME April Futures Expiration\nFurther, the standstill comes just before the network’s halving event, due in less than 20 days, which will put further pressure on revenues in the multibillion-dollar bitcoin mining industry.\nRead also:Bitcoin’s Halving, Explained.\nThe situation presents a conundrum for miners: whether to buy new, more powerful equipment; and if not, when to switch off older models, and when to switch them on again. The winning move will depend on how things play out after the halving, which is far from certain.\n“If bitcoin’s price doesn’t go up post-halving, then who’s going to buy new equipment to fulfill this capacity?” said Huang Fangyu, co-founder ofValarHash, the company behind the mining pool 1THash, which owns facilities primarily for self-mining in Sichuan and sells cloud min **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-04-23 **Financial & Commodity Data:** - Gold Closing Price: $1733.30 - Crude Oil Closing Price: $16.50 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $125,358,397,100 - Hash Rate: 112649865.245436 - Transaction Count: 329045.0 - Unique Addresses: 666919.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.19 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Investing.com - Bitcoin fell bellow the $8,995.5 level on Wednesday. Bitcoin was trading at 8,995.5 by 10:15 (15:15 GMT) on the Investing.com Index, down 4.71% on the day. It was the largest one-day percentage loss since February 19. The move downwards pushed Bitcoin's market cap down to $164.8B, or 63.09% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $241.2B. Bitcoin had traded in a range of $8,992.5 to $9,368.1 in the previous twenty-four hours. Over the past seven days, Bitcoin has seen a drop in value, as it lost 10.86%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $45.3B or 26.21% of the total volume of all cryptocurrencies. It has traded in a range of $8,992.4854 to $9,981.0371 in the past 7 days. At its current price, Bitcoin is still down 54.73% from its all-time high of $19,870.62 set on December 17, 2017. Ethereum was last at $228.94 on the Investing.com Index, down 10.90% on the day. XRP was trading at $0.23395 on the Investing.com Index, a loss of 10.76%. Ethereum's market cap was last at $25.4B or 9.73% of the total cryptocurrency market cap, while XRP's market cap totaled $10.3B or 3.96% of the total cryptocurrency market value. Related Articles Binance CEO Changpeng Zhao Explains Why Craig Wright Is ‘A Disgrace’ Cardano Dips Below 0.049974 Level, Down 16% EOS Dips Below 3.9049 Level, Down 7%... - 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.
7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47
You are an expert financial analyst. Your primary task is to 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 launching new ether (ETH)/ USD futures contracts on May 5.\nThenew contracts, ETHUSD, allow traders to speculate on the future USD price of ETH. Traders who think that the price of ETH will rise will buy the futures contract, while those who believe the price will drop will sell it.\nThe new contracts offer leverage of up to 50 times and require margin to be posted in bitcoin (BTC). It means traders can go long or short on these contracts using only BTC.\nThese futures have a fixed bitcoin multiplier of 0.000001 bitcoin per 1 USD, meaning for each 1 USD move, the contract pays out 0.000001 bitcoin regardless of the USD price of ETH. This allows traders to go long or short the ETH/USD exchange rate without ever touching ETH or USD.The first ETHUSD contract (ETHUSDM20) will expire in June.\nNotably, BitMEXalready offersETH perpetual contracts and ETH futures contracts. The former have no settlement (being perpetual), while the latter allows traders to speculate on the future value of the ether/bitcoin exchange rate rather than the ether/USD exchange rate.\nThe launch of new contracts comes at a time when BitMEX is facing significantliquidationssince the “Black Thursday” event, which saw bitcoin’s price tank by ~50% in just one day in mid-March.\n© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.', 'Crypto derivatives exchange BitMEX is launching new ether (ETH)/ USD futures contracts on May 5. The new contracts , ETHUSD, allow traders to speculate on the future USD price of ETH. Traders who think that the price of ETH will rise will buy the futures contract, while those who believe the price will drop will sell it. The new contracts offer leverage of up to 50 times and require margin to be posted in bitcoin (BTC). It means traders can go long or short on these contracts using only BTC. These futures have a fixed bitcoin multiplier of 0.000001 bitcoin per 1 USD, meaning for each 1 USD move, the contract pays out 0.000001 bitcoin regardless of the USD price of ETH. This allows traders to go long or short the ETH/USD exchange rate without ever touching ETH or USD. The first ETHUSD contract (ETHUSDM20) will expire in June. Notably, BitMEX already offers ETH perpetual contracts and ETH futures contracts. The former have no settlement (being perpetual), while the latter allows traders to speculate on the future value of the ether/bitcoin exchange rate rather than the ether/USD exchange rate. The launch of new contracts comes at a time when BitMEX is facing significant liquidations since the \x93Black Thursday\x94 event, which saw bitcoin\x92s price tank by ~50% in just one day in mid-March. © 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.', 'Now that its public testnet is live, Emin Gun Sirer’s AVA Labs wants to invest heavily in building a DeFi space more in its own image. Speaking on Google Hangouts, AVA Labs COO Kevin Sekniqi told CoinDesk the company was focusing its energies on a new grants program, made available through its venture arm, AVA X, that will provide financing of up to $250,000 to selected projects building with its technology. AVA has earmarked a “pretty substantial” amount of cash for projects and initiatives that build out the ecosystem, Sekniqi said. Half of AVA Labs’ allocation of mainnet tokens – with a value “in the many millions of dollars” – would also be available to selected projects as grants, he added. Related: Coinbase Launches Price Oracle Aimed at Reducing Systemic Risk in the DeFi Space The AVA platform is a highly scalable protocol with a claimed thousands of transactions per second throughput – designed to be the basis for a new type of financial infrastructure. Founded by Cornell Professor Emin Gun Sirer, who has previously worked on a scaling solution for bitcoin , AVA had been in private testnet for over a year. It originally had been slated for launch as early as December but this was pushed back until April. The project is now aiming for a full launch sometime in July, according to its roadmap . Since the public testnet launch earlier this month, Sekniqi said the team had been in dialogue with at least five projects interested in applying for grants. See also: Multi-Chain DeFi Protocol Raises $750K in Token Sale With Framework Ventures Related: Market Wrap: Oil Rebounds As Crypto Makes Gains, Especially Ether This sudden ramping up in grants comes as AVA solidifies in the approach to launch. It’s even started to proselytize, offering its own vision of what the nascent decentralized finance (DeFi) space should start to look like going forward. “There is nothing about [DeFi], to be totally honest with you, that is decentralized,” Sekniqi said, as evidenced by the reality of hacks like the attack on dForce at the weekend . DeFi, he added, is just as susceptible to fallible people and relationships built on trust as traditional finance. Story continues However, debates about decentralization detract from DeFi’s real killer app: the compatibility and programmability of capital and new financial products, according to Sekniqi. “Ethereum has effectively shown that there huge power in composability and if you do make financial products standardized then you can compose them in all kinds of new and interesting ways that we’ve never thought of before,” he said. Left to its own devices, DeFi would only rediscover all the “basic instruments that have been known about for many years” in traditional finance. Changing the narrative from decentralization and toward “programmable capital” will attract “finance guys” with the knowledge and experience to realize its potential, he said. “In mainstream finance you may have corporate bonds but they’re not composable with anything else, it’s very much siloed and very much fragmented,” Sekniqi said. “DeFi is really all about the composability of these financial products” – allowing different assets to interact with one another in a frictionless manner, sometimes for the very first time. See also: Crypto Long & Short: DeFi and Traditional Finance Are Forming an Unlikely Friendship AVA Labs may appear like the sort of tech firm found all along the Pacific Coast of the U.S., but its base is in Brooklyn, N.Y., not far from Wall Street. Speaking to CoinDesk earlier this year, Sekniqi said there were even tentative plans to move the office to lower Manhattan so they could be just a stone’s throw away from the global financial hub. As well as the grants program, AVA is running hackathons for students, some specifically aimed at building new applications for finance. The company plans to invite some “very influential” financial experts, many from outside the blockchain space, to judge which products have the most utility. One such event, announced Thursday, will offer $50,000 in cash prizes to students able to build infrastructure tools, identify and fix bugs, or develop “new applications for financial products and services.” Through grants and hackathons, Sekniqi said AVA hopes to conduct a “brain merge” that will bring those in traditional finance and blockchain together. See also: Morgan Creek Invests in Startup Bringing Bitcoin to DeFi CoinDesk asked whether AVA was necessary to this process: do suited Wall Street bankers and hoodie-wearing DeFi developers really need someone to act as matchmaker? “I don’t personally know of financial experts that are currently working on Defi … it’s just lots of innovative technologists,” Sekniqi replied, suggesting that the lack of a charismatic Steve Jobs-like figure meant DeFi may have initially struggled to combine its community of like-minded souls with established businesses. Whatever the reason, the fact of the matter is “nobody else is doing this right now,” he said, adding that if AVA doesn’t intervene now, there’s a danger companies in both the DeFi and traditional finance spaces will continue to miss out on some crucial opportunities to collaborate. Related Stories Multi-Chain DeFi Protocol Raises $750K in Token Sale With Framework Ventures dForce Hacker Returns Almost All of Stolen $25M in Crypto', 'Now that its public testnet is live, Emin Gun Sirer’s AVA Labs wants to invest heavily in building a DeFi space more in its own image. Speaking on Google Hangouts, AVA Labs COO Kevin Sekniqi told CoinDesk the company was focusing its energies on a new grants program, made available through its venture arm, AVA X, that will provide financing of up to $250,000 to selected projects building with its technology. AVA has earmarked a “pretty substantial” amount of cash for projects and initiatives that build out the ecosystem, Sekniqi said. Half of AVA Labs’ allocation of mainnet tokens – with a value “in the many millions of dollars” – would also be available to selected projects as grants, he added. Related: Coinbase Launches Price Oracle Aimed at Reducing Systemic Risk in the DeFi Space The AVA platform is a highly scalable protocol with a claimed thousands of transactions per second throughput – designed to be the basis for a new type of financial infrastructure. Founded by Cornell Professor Emin Gun Sirer, who has previously worked on a scaling solution for bitcoin , AVA had been in private testnet for over a year. It originally had been slated for launch as early as December but this was pushed back until April. The project is now aiming for a full launch sometime in July, according to its roadmap . Since the public testnet launch earlier this month, Sekniqi said the team had been in dialogue with at least five projects interested in applying for grants. See also: Multi-Chain DeFi Protocol Raises $750K in Token Sale With Framework Ventures Related: Market Wrap: Oil Reb **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-04-24 **Financial & Commodity Data:** - Gold Closing Price: $1723.50 - Crude Oil Closing Price: $16.94 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $125,358,397,100 - Hash Rate: 112649865.245436 - Transaction Count: 329045.0 - Unique Addresses: 666919.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.20 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin has re-established a bullish posture after closing yesterday’s daily candle above the daily 200 moving average at $8,723. It is now trading above the $8,830 level of resistance- turned-support which could signal an upcoming move towards the $9,200 level. The move to the upside was reflected across all global markets as the Dow Jones enjoyed its largest one-day gain since 2009 with a 5.5% hike. If Bitcoin breaks back below the $8,830 level in the coming days it will demonstrate bullish exhaustion which in turn will cause continuation to the downside. Much of the upcoming price action will depend on the extent of the coronavirus outbreak. Shockwaves have been sent across the globe with cases rapidly increasing in mainland Europe. The impact on supply chains will undoubtedly affect global markets while Bitcoin’s mining infrastructure will also face disruption as much of it is based in China. Despite Bitcoin mining being automated, it requires ongoing electricity and maintenance, both of which could be become compromised if major services in China begin to be switched off. Bitcoin and gold are often considered to be hedges to the traditional financial system. In that sense the value could in fact rise if global markets continue to slide as investors seek a ‘safe haven’ asset. For more news, guides and cryptocurrency analysis, click here . Bitcoin pricing Current live BTC pricing information and interactive charts are available on our site 24 hours a day. The ticker bar at the bottom of every page on our site has the latest Bitcoin price. Pricing is also available in a range of different currency equivalents: US Dollar – BTCtoUSD British Pound Sterling – BTCtoGBP Japanese Yen – BTCtoJPY Euro – BTCtoEUR Australian Dollar – BTCtoAUD Russian Rouble – BTCtoRUB About Bitcoin In August 2008, the domain name bitcoin.org was registered. On 31st October 2008, a paper was published called “Bitcoin: A Peer-to-Peer Electronic Cash System”. This was authored by Satoshi Nakamoto, the inventor of Bitcoin. To date, no one knows who this person, or people, are. Story continues The paper outlined a method of using a P2P network for electronic transactions without “relying on trust”. On January 3 2009, the Bitcoin network came into existence. Nakamoto mined block number “0” (or the “genesis block”), which had a reward of 50 Bitcoins. More BTC news and information If you want to find out more information about Bitcoin or cryptocurrencies in general, then use the search box at the top of this page. Here’s an article to get you started. As with any investment, it pays to do some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. This page is not recommending a particular currency or whether you should invest or not. Disclaimer: The views and opinions expressed by the author should not be considered as financial advice.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Tether’s CTO hopes a new EOS-Bitcoin interoperability bridge could one day make tether cheaper and faster because users will be able to make transactions on less-congested blockchains. Paolo Ardoino, who is also the CTO of Tether’s sister company, crypto exchange Bitfinex, told CoinDesk this is part of the reason he has been working with the team behind the token wrapper project, pTokens, to develop an interoperability bridge between the Bitcoin and EOS networks. Launching Friday, the company will initially support a bitcoin wrapper on the EOS mainnet – pBTC. Essentially, a user will be able to deposit funds in one network, say Bitcoin, and pToken will issue the user the equivalent amount of “wrapped” tokens on the new network. The company hopes to support a bridge between litecoin and EOS , as well as EOS and ethereum . Related: First Mover: Ether Trounces Bitcoin as Network Sees Surge in Stablecoins An EOS wrapper for a tether ERC20 token is currently being planned, according to pTokens’ website. Founder Thomas Bertani told CoinDesk there were no plans yet to consider developing an EOS wrapper for tether on Omni, a secondary layer on top of the Bitcoin protocol. See also: Tether CTO Claims USDT Stablecoin Can Boost DeFi Liquidity A key benefit of interoperability is users can better leverage the different characteristics of different blockchains, Ardoino said. One of the initial reasons Tether created an ERC20 version in 2017 was so it could sidestep the congested Bitcoin network. “Omni was costing a lot of money, up to $500, Ethereum wasn’t so saturated, so the fees were cheap. Every trader would have preferred to move the funds onto the Ethereum blockchain because it was cheaper and faster,” Ardoino said. Related: Libra’s Long Road From a Facebook Lab to the Global Stage: A Timeline Ethereum speeds slowed due to network congestion by the end of 2017, however. Creating an interoperability bridge between it and EOS – which has higher throughput and much less chain activity – essentially provides users with a “backup” option, so they can continue to trade with minimal fees and quick settlement times, he claimed. Story continues Many crypto exchanges, including Bitfinex, already offer users two different types of tether, so the ability to swap between protocols already exists in some form. However, interoperability bridges make it easier for users themselves to move between the different protocols. Ardoino foresees Bitfinex and Tether will continue to perform chain swaps. Major exchanges looking to swap $10 million worth of tether between two chains will always be able to organize it with them directly, he said. But, he added, greater interoperability will allow retail investors with smaller amounts of tether to also shift freely between the different blockchains. See also: Tether Stablecoin Launches on Its Seventh Blockchain Ardoino hopes his involvement with pTokens might encourage other developers to build bridges to other protocols, creating greater connections between all the different chains. Enhancing interoperability may one day act as the bridge for tether to launch on many other new protocols, he added. Related Stories Stablecoins Aren’t Inflating Crypto Market, Study Concludes Miners Trick Stablecoin Protocol PegNet, Turning $11 Into Almost $7M Hoard', 'Tether’s CTO hopes a new EOS-Bitcoin interoperability bridge could one day make tether cheaper and faster because users will be able to make transactions on less-congested blockchains. Paolo Ardoino, who is also the CTO of Tether’s sister company, crypto exchange Bitfinex, told CoinDesk this is part of the reason he has been working with the team behind the token wrapper project, pTokens, to develop an interoperability bridge between the Bitcoin and EOS networks. Launching Friday, the company will initially support a bitcoin wrapper on the EOS mainnet – pBTC. Essentially, a user will be able to deposit funds in one network, say Bitcoin, and pToken will issue the user the equivalent amount of “wrapped” tokens on the new network. The company hopes to support a bridge between litecoin and EOS , as well as EOS and ethereum . Related: First Mover: Ether Trounces Bitcoin as Network Sees Surge in Stablecoins An EOS wrapper for a tether ERC20 token is currently being planned, according to pTokens’ website. Founder Thomas Bertani told CoinDesk there were no plans yet to consider developing an EOS wrapper for tether on Omni, a secondary layer on top of the Bitcoin protocol. See also: Tether CTO Claims USDT Stablecoin Can Boost DeFi Liquidity A key benefit of interoperability is users can better leverage the different characteristics of different blockchains, Ardoino said. One of the initial reasons Tether created an ERC20 version in 2017 was so it could sidestep the congested Bitcoin network. “Omni was costing a lot of money, up to $500, Ethereum wasn’t so saturated, so the fees were cheap. Every trader would have preferred to move the funds onto the Ethereum blockchain because it was cheaper and faster,” Ardoino said. Related: Libra’s Long Road From a Facebook Lab to the Global Stage: A Timeline Ethereum speeds slowed due to network congestion by the end of 2017, however. Creating an interoperability bridge between it and EOS – which has higher throughput and much less chain activity – essentially provides users with a “backup” option, so they can continue to trade with minimal fees and quick settlement times, he claimed. Story continues Many crypto exchanges, including Bitfinex, already offer users two different types of tether, so the ability to swap between protocols already exists in some form. However, interoperability bridges make it easier for users themselves to move between the different protocols. Ardoino foresees Bitfinex and Tether will continue to perform chain swaps. Major exchanges looking to swap $10 million worth of tether between two chains will always be able to organize it with them directly, he said. But, he added, greater interoperability will allow retail investors with smaller amounts of tether to also shift freely between the different blockchains. See also: Tether Stablecoin Launches on Its Seventh Blockchain Ardoino hopes his involvement with pTokens might encourage other developers to build bridges to other protocols, creating greater connections between all the different chains. Enhancing interoperability may one day act as the bridge for tether to launch on many other new protocols, he added. Related Stories Stablecoins Aren’t Inflating Crypto Market, Study Concludes Miners Trick Stablecoin Protocol PegNet, Turning $11 Into Almost $7M Hoard', 'Ebang International Holdings, one of the leading manufacturers of bitcoin mining equipment, is taking another stab at going public, this time farther from home and with a smaller fundraising target. The Hangzhou, China-based firm aims to raise up to $100 million from an initial public offering (IPO) in the U.S., according to an April 24 filing with the U.S. Securities and Exchange Commission (SEC). The Chinese firm would be listed under the ticker symbol EBON on the New York Stock Exchange or Nasdaq. Loop Capital Markets in Chicago and AMTD Global Markets in Hong Kong are the underwriters on the deal. This is Ebang\x92s second attempt to go public after it failed to do so on the Hong Kong Stock Exchange (HKEX) in June 2018. The target proceeds from that would-be IPO were estimated to be $1 billion. Related: Chinese City Known for Bitcoin Mining Seeks Blockchain Firms to Burn Excess Hydropower Founded in 2010, Ebang is among the earliest China-based hardware companies, such as Bitmain and Canaan Creative, to make application-specific integrated circuit (ASIC) chips and fabless integrated circuits (ICs) for bitcoin mining machines. Chinese miners contribute over 65 percent of the computing power on the Bitcoin network. Ebang generates over 82 percent of its revenue from making bitcoin miners. It raked in $109 million in revenue last year, down nearly 66 percent from 2018. Its net loss for 2019 more than tripled to $41.1 million, according to the filing. The firm confidentially filed for the IPO in February without disclosing pricing terms, according to Renaissance Capital . Second chances Ebang is one of several crypto companies that failed to launch an IPO in Hong Kong and later came to the U.S. for another shot. Related: The Rise of ASICs: A Step-by-Step History of Bitcoin Mining Rival bitcoin miner makers Bitmain and Canaan Creative tried to go public on HKEX but their plans fell through because local regulators were reluctant to allow any crypto-related company listings. Story continues Canaan later managed to launch its IPO on Nasdaq last December. Huobi Group, one of the top crypto exchanges by volume, acquired a Hong Kong-based electronics manufacturer last year in a bid to get listed through a reverse takeover . However, the process has been put on hold due to strict mergers-and-acquisitions regulations. Risk factors While Ebang is unsure of what impact the upcoming halving in May would have on bitcoin\x92s price, the firm sees ever-changing regulations in China, potential sharp drops in the price and the COVID-19 pandemic as substantial risk factors for its revenue streams, according to the filing. \x93The significant drop in the bitcoin price is expected to have a negative effect on the value of our bitcoin mining machine inventory and incentivize us to increase credit sales,\x94 the firm said in the filing, referring to the March market crash. The Chinese government once planned to phase out crypto mining businesses and did not change the provision until several months ago. Varying policies from different provinces also pose a challenge for bitcoin miners. For example, Xinjiang, an autonomous region in northwest China, one of the main areas that offer cheap electricity for mining farms, warned local mining enterprises that were operating illegally to close their operations befor **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-04-25 **Financial & Commodity Data:** - Gold Closing Price: $1723.50 - Crude Oil Closing Price: $16.94 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $125,358,397,100 - Hash Rate: 107890011.784362 - Transaction Count: 280805.0 - Unique Addresses: 554934.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.24 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: HIVE Blockchain Technologies, a Canada-based publicly-traded ether (ETH) mining firm, is diversifying into bitcoin mining operations. Announcing the news on Monday, HIVE said it is acquiring a 30 megawatts (MW) bitcoin mining facility from Cryptologic Corp for about CA$ 4 million (~US$2.8 million) in Quebec. HIVE currently has ether mining facilities in Sweden and Iceland. The firm said the acquisition would more than double its total available power capacity globally to approximately 50 MW. “This is an important strategic acquisition for HIVE that diversifies our business significantly, and we are making it at an opportune time at an attractive valuation for our shareholders,” said Frank Holmes, interim executive chairman of HIVE. “The acquisition provides us with an advanced, operating Bitcoin mining facility ready to transition to next generation mining hardware with access to some of the lowest cost electricity on the planet. The cost of US$95,000 per MW is less than half the industry standard build cost per MW.” In a separate announcement, Cryptologic Corp said it is selling all the shares of its wholly-owned subsidiary Quebec Inc. to HIVE. The 30 MW facility includes approximately 14,000 Bitmain S9 miners. HIVE said due to the facility’s low electricity prices, these miners generate positive gross mining margins under current market conditions. The acquisition remains subject to customary closing conditions, including receipt of regulatory approvals. It is expected to close on the date that is the later of April 3 and the date that is two business days after the date that the TSX Venture Exchange provides conditional approval of the transaction, per the announcement. The news comes at a time when bitcoin's mining difficulty , an indicator of competition among bitcoin miners, has seen the second-largest decline in the network’s history. 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.
7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07
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:** ['Bitcoin rose by 0.40% on Saturday. Following on from a 0.12% gain on Friday, Bitcoin ended the day at $7,538.5.\nA bearish start to the day saw Bitcoin fall to an early morning intraday low $7,450.0 before finding support.\nSteering clear of the first major support level at $7,414.27, Bitcoin rallied to a mid-afternoon intraday high $7,700.\nBreaking through the first major resistance level at $7,608.17, Bitcoin came up against the second major resistance level at $7,708.03.\nA late afternoon pullback saw Bitcoin fall back through the first major resistance level to sub-$7,500 and into the red.\nFinding late support, however, Bitcoin moved back through to $7,500 to end the day in the green.\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 another mixed day on Saturday.\nTezos led the way once more, rallying by 5.21%.\nBinance Coin (+1.75%), Bitcoin Cash ABC (+0.67%), Cardano’s ADA (+1.46%), Ethereum (+3.46%), Ripple’s XRP (+0.38%), Stellar’s Lumen (+1.62%), and Tron’s TRX (+0.02%) also found support.\nBitcoin Cash SV (-0.16%), EOS (-0.17%), Litecoin (-0.31%), and Monero’s XMR (-0.13%) bucked the trend on the day.\nThrough the week, the crypto total market cap rose from Tuesday current week low $196.98bn to a Saturday high $220.28bn. At the time of writing, the total market cap stood at $219.55bn.\nWhile Bitcoin’s dominance continued to hover at sub-64% levels, there had been an upward trend before easing back on Saturday. At the time of writing, Bitcoin’s dominance stood at 63.6%.\n24-hour trading volumes rose from sub-$120bn levels to a current week high $155.9bn on Friday. At the time of writing, 24-hr volumes stood at $124.86bn.\nAt the time of writing, Bitcoin was up by 0.46% to $7,573.5. A bullish start to the day saw Bitcoin rise from an early morning low $7,522.3 to a high $7,573.5.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nBitcoin Cash ABC (+1.12%), Bitcoin Cash SV (+2.14%), Monero’s XMR (+1.34%), and Tron’s TRX (+1.16%) led the way.\nBinance Coin (-0.11%), Stellar’s Lumen (-0.02%), and Tezos (-1.18%) struggled early on.\nBitcoin would need to move through to $7,600 levels to bring the first major resistance level at $7,675.67 into play.\nSupport from the broader market would be needed, however, for Bitcoin to break out from the morning high $7,573.5.\nBarring a broad-based crypto rally, the first major resistance level and Saturday’s high $7,700 would likely cap any upside.\nIn the event of a breakout, the 38.2% FIB of $7,730 and the second major resistance level at $7,812.83 would likely come into play.\nFailure to move through to $7,600 levels could see Bitcoin hit reverse.\nA fall through to sub-$7,560 levels would bring the first major support level at $7,425.67 into play.\nBarring a crypto meltdown, however, Bitcoin should steer of the second major support level at $7,312.83.\nThisarticlewas originally posted on FX Empire\n• Crude Oil Weekly Price Forecast – Crude Oil Markets Get Hammered Again\n• The Crypto Daily – Movers and Shakers -26/04/20\n• The EUR Looking Vulnerable to Further Downside\n• Asian Shares Pressured by Plunge in Oil Prices, Japanese Exports\n• European Equities: A Week in Review – 25/04/20\n• Silver Weekly Price Forecast – Silver Markets Go Back and Forth', 'Bitcoin rose by 0.40% on Saturday. Following on from a 0.12% gain on Friday, Bitcoin ended the day at $7,538.5. A bearish start to the day saw Bitcoin fall to an early morning intraday low $7,450.0 before finding support. Steering clear of the first major support level at $7,414.27, Bitcoin rallied to a mid-afternoon intraday high $7,700. Breaking through the first major resistance level at $7,608.17, Bitcoin came up against the second major resistance level at $7,708.03. A late afternoon pullback saw Bitcoin fall back through the first major resistance level to sub-$7,500 and into the red. Finding late support, however, Bitcoin moved back through to $7,500 to end the day in the green. 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 another mixed day on Saturday. Tezos led the way once more, rallying by 5.21%. Binance Coin (+1.75%), Bitcoin Cash ABC (+0.67%), Cardano’s ADA (+1.46%), Ethereum (+3.46%), Ripple’s XRP (+0.38%), Stellar’s Lumen (+1.62%), and Tron’s TRX (+0.02%) also found support. Bitcoin Cash SV (-0.16%), EOS (-0.17%), Litecoin (-0.31%), and Monero’s XMR (-0.13%) bucked the trend on the day. Through the week, the crypto total market cap rose from Tuesday current week low $196.98bn to a Saturday high $220.28bn. At the time of writing, the total market cap stood at $219.55bn. While Bitcoin’s dominance continued to hover at sub-64% levels, there had been an upward trend before easing back on Saturday. At the time of writing, Bitcoin’s dominance stood at 63.6%. 24-hour trading volumes rose from sub-$120bn levels to a current week high $155.9bn on Friday. At the time of writing, 24-hr volumes stood at $124.86bn. This Morning At the time of writing, Bitcoin was up by 0.46% to $7,573.5. A bullish start to the day saw Bitcoin rise from an early morning low $7,522.3 to a high $7,573.5. Story continues Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Bitcoin Cash ABC (+1.12%), Bitcoin Cash SV (+2.14%), Monero’s XMR (+1.34%), and Tron’s TRX (+1.16%) led the way. Binance Coin (-0.11%), Stellar’s Lumen (-0.02%), and Tezos (-1.18%) struggled early on. For the Bitcoin Day Ahead Bitcoin would need to move through to $7,600 levels to bring the first major resistance level at $7,675.67 into play. Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $7,573.5. Barring a broad-based crypto rally, the first major resistance level and Saturday’s high $7,700 would likely cap any upside. In the event of a breakout, the 38.2% FIB of $7,730 and the second major resistance level at $7,812.83 would likely come into play. Failure to move through to $7,600 levels could see Bitcoin hit reverse. A fall through to sub-$7,560 levels would bring the first major support level at $7,425.67 into play. Barring a crypto meltdown, however, Bitcoin should steer of the second major support level at $7,312.83. This article was originally posted on FX Empire More From FXEMPIRE: Crude Oil Weekly Price Forecast – Crude Oil Markets Get Hammered Again The Crypto Daily – Movers and Shakers -26/04/20 The EUR Looking Vulnerable to Further Downside Asian Shares Pressured by Plunge in Oil Prices, Japanese Exports European Equities: A Week in Review – 25/04/20 Silver Weekly Price Forecast – Silver Markets Go Back and Forth', 'Over the past decade, the machines that maintain the Bitcoin network have undergone rapid technological development.\nMining equipment is a fundamental feature of the success of the bitcoin network because these machines determine whether or not it is profitable for miners to do what they do – that is, process the calculations needed to embed blocks of transactions on the blockchain.\nWhile somewhat overlooked, the history ofbitcoinmining equipment is also a key explanation for why the activity of mining has evolved over the years into a multi-billion dollar industry. The mining industry continues to evolve today, though there are signs to suggest its development is slowing down.\nRelated:Chinese City Known for Bitcoin Mining Seeks Blockchain Firms to Burn Excess Hydropower\nRead more:Bitcoin Halving 2020: The ‘Arms Race’ for Miner Efficiency Intensifies\nBelow we take a look at the complete history of bitcoin mining technology, and where innovations could be heading next.\nOn Jan. 3, 2009, pseudonymous creatorSatoshi Nakamotomined the first bitcoin block. As the only miner on the bitcoin network at the time, Nakamoto didn’t need specialized equipment to launch the bitcoin blockchain. He was able to create bitcoin blocks using an average personal computer.\nComputers used to browse the internet, launch Microsoft Word and a number of other countless applications all contain what is called a central processing unit (CPU). These devices control how commands on a computer are processed and executed. Due to the lack of miner competition in bitcoin’s early days, the computational energy required to create new blocks and earn mining rewards could be easily processed on CPU devices.\nRelated:Bitcoin Miner Maker Ebang Files for a $100M US IPO\nHardware needed to mine new coins evolved over time as new miners joined the Bitcoin network and started to compete for block rewards.\nThe first major innovation to bitcoin mining hardware came shortly after a market value for bitcoin was established.\nOn May 22, 2010, computer programmer Laszlo Hanyecz paid10,000 BTCfor two Papa John’s pizzas. The pizzas were worth around $25. According to cryptocurrency data provider Coin Metrics, bitcoin market price then appreciated in July to around 8 cents. By the time the bitcoin price reached 10 cents in October 2010, the first mining device leveraging graphics processing units (GPUs) was developed.\nRead more:China’s Rainy Season Is Coming. This Time Bitcoin Miners Aren’t Investing\nUnlike CPUs, GPU devices are optimized to perform a narrow range of computational tasks. Originally built for gaming applications, GPUs excel at computing simple mathematical operations in parallel, rather than one at a time, in order to generate thousands of time-sensitive image pixels. These devices can also be re- **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-04-26 **Financial & Commodity Data:** - Gold Closing Price: $1723.50 - Crude Oil Closing Price: $16.94 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $125,358,397,100 - Hash Rate: 107890011.784362 - Transaction Count: 280805.0 - Unique Addresses: 554934.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.21 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: 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... - Reddit Posts (Sample): [['u/Crypto_To_The_Core', "Bitcoin Predictions Update: Bitcoin Halvening Coming Up, Let's Review 2020's Bitcoin Price Predictions so far ...", 32, '2020-04-26 04:39', 'https://www.reddit.com/r/Buttcoin/comments/g86ks1/bitcoin_predictions_update_bitcoin_halvening/', 'Wrong, wonderfully delusional bullshit predictions:\n\n* 2020-01: ~~"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* 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)\n* 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/)\n\nSpecial thanks to Fran Strajnar and Dumpie Lee for their delusional coin shilling idiotic predictions, and extra special thanks to Redditor u/diydude2 for going way, way, way beyond the call of duty and continuing to make the dumbest and most delusional bullshit coin shill predictions the world has ever seen.\n\nAnyway, enough with those delusional coin shilling idiotic predictions. What does the near future hold ?\n\nHere\'s the coming Bitcoin Price predictions for May-2020:\n\n* 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/)\n* 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/)\n* 2020-05: "The predicted market value for bitcoin after May 2020 halving is $1trn, which translates in a bitcoin price of **$55,000**.", PlanB u/100trillionUSD, 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)\n* 2020-05: "Getting some questions about why in previous halvings (November 2012 and July 2016) it took well over a year for the market to start surging.. Well, it didn\'t .. look for yourself: in the chart the halving is when blue turns to red: the market immediately rises after a halving 🚀", PlanB u/100trillionUSD, Coin Shill, 1:54 pm - 3 Dec 2019, [https://twitter.com/100trillionUSD/status/1201983119387217925](https://twitter.com/100trillionUSD/status/1201983119387217925)\n* 2020-05: "If the eerily accurate fractal that Dave The Wave muses continues playing out, it appears to be a strong possibility that the crypto could be just a mere matter of months away from its next parabolic phase that leads it **up towards $75,000**.", Cole Petersen, Crypto shill, 22-Jan-2020, [https://www.newsbtc.com/2020/01/22/75000-bitcoins-price-is-set-to-climb-exponentially-if-this-fractal-plays-out/](https://www.newsbtc.com/2020/01/22/75000-bitcoins-price-is-set-to-climb-exponentially-if-this-fractal-plays-out/)\n\nGot any others ??? Please let me know. 😀\n\nAnyway grab your popcorn 🍿🍿🍿 guys and gals, because the forecast is for yet another spectacular crop of delusional predictions to be proven to be bullshit. 🤣🤣🤣', 'https://www.reddit.com/r/Buttcoin/comments/g86ks1/bitcoin_predictions_update_bitcoin_halvening/', 'g86ks1', [['u/frizzyhaired', 19, '2020-04-26 05:19', 'https://www.reddit.com/r/Buttcoin/comments/g86ks1/bitcoin_predictions_update_bitcoin_halvening/folv3tk/', "so basically all the predictions say it'll roughly 10x in a few months. gonna be one of the most instructive tests of the efficient market hypothesis this century.", 'g86ks1'], ['u/Cthulhooo', 14, '2020-04-26 08:39', 'https://www.reddit.com/r/Buttcoin/comments/g86ks1/bitcoin_predictions_update_bitcoin_halvening/fomad64/', "Dude there's no way the most overhyped event in the history of bitcoin, eagerly awaited by the masses and talked about for years in discussions, articles, videos and predictions is priced in because....fractals.", 'g86ks1']]], ['u/AutoModerator', '[Daily Discussion] Sunday, April 26, 2020', 46, '2020-04-26 06:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/g87rlp/daily_discussion_sunday_april_26_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/g87rlp/daily_discussion_sunday_april_26_2020/', 'g87rlp', [['u/Best_coder_NA', 10, '2020-04-26 06:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/g87rlp/daily_discussion_sunday_april_26_2020/folzf28/', 'Getting blue balled, let’s break 7.6k', 'g87rlp'], ['u/goodwinmark', 13, '2020-04-26 07:03', 'https://www.reddit.com/r/BitcoinMarkets/comments/g87rlp/daily_discussion_sunday_april_26_2020/fom3mgt/', 'first oil, then Kim. this is truly the perfect storm.', 'g87rlp'], ['u/tramese', 11, '2020-04-26 07:09', 'https://www.reddit.com/r/BitcoinMarkets/comments/g87rlp/daily_discussion_sunday_april_26_2020/fom43wl/', 'send the market 1 btc and it will send 2 btc back', 'g87rlp'], ['u/cold_bluffer', 10, '2020-04-26 07:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/g87rlp/daily_discussion_sunday_april_26_2020/fom6a5u/', 'Next: negative interest rates on USD', 'g87rlp'], ['u/2-75rnger', 15, '2020-04-26 07:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/g87rlp/daily_discussion_sunday_april_26_2020/fom6lf3/', '2020 has not been a very promising way to start a brand new decade to say the least.\nCrypto however has really held its own though remarkably well through this shitstorm imo. BTC was made for this. Patience', 'g87rlp'], ['u/pitchbend', 11, '2020-04-26 08:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/g87rlp/daily_discussion_sunday_april_26_2020/fom9yrm/', "I don't think really bitcoin was made for this (global pandemic) more like a 2008 style banking crisis. When a sanitary crisis destroys your job and leave you homeless you are not going to spend money on bitcoin and if you have bitcoin then you'll sell it to buy food. As for how good crypto has held I think the big dump and the strong price correlation with stocks are bad omens. Hope I'm wrong.", 'g87rlp'], ['u/nannal', 15, '2020-04-26 08:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/g87rlp/daily_discussion_sunday_april_26_2020/fomazsn/', "> if you have bitcoin then you'll sell it to buy food.\n\nThe system works.", 'g87rlp'], ['u/RetardIdiotTrader', 13, '2020-04-26 09:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/g87rlp/daily_discussion_sunday_april_26_2020/fomdywh/', 'BCH and XMR haha you are a funny guy', 'g87rlp'], ['u/innovationsnxt', 11, '2020-04-26 09:44', 'https://www.reddit.com/r/BitcoinMarkets/comments/g87rlp/daily_discussion_sunday_april_26_2020/fomefmy/', "I don't understand the most recent price action. Small pump, small tetrace... stagnant price without volume. Looks like those stairs are too artificial.", 'g87rlp'], ['u/krom1985', 10, '2020-04-26 09:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/g87rlp/daily_discussion_sunday_april_26_2020/fomeji3/', 'Why are you replying to your own post?', 'g87rlp'], ['u/mjslawson', 10, '2020-04-26 10:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/g87rlp/daily_discussion_sunday_april_26_2020/fomg73i/', 'I should check on my Feathercoin', 'g87rlp'], ['u/_supert_', 11, '2020-04-26 10:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/g87rlp/daily_discussion_sunday_april_26_2020/fomgd96/', "That's why we're on this sub.", 'g87rlp'], ['u/Best_coder_NA', 18, '2020-04-26 11:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/g87rlp/daily_discussion_sunday_april_26_2020/fomj2dj/', 'Dude why not just buy some BTC and wait', 'g87rlp'], ['u/innovationsnxt', 18, '2020-04-26 11:53', 'https://www.reddit.com/r/BitcoinMarkets/comments/g87rlp/daily_discussion_sunday_april_26_2020/fomlr1l/', 'Google searches for bitcoin halvening are at highest they have ever been.', 'g87rlp'], ['u/Markus_G... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76
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 (BTC) mining equipment manufacturer Ebang International Holdings has filed to go public in the United States, CoinDeskreportedSaturday.\nWhat Happened\nIn afilingwith the Securities and Exchange Commission on April 24, Ebang said it is looking to raise up to $100 million in the initial public offering with each Class A ordinary share priced at $0.00013, CoinDesk noted.\nThe company based in Hangzhou, China, said it intends to apply to get its shares listed on either the New York Stock Exchange or the Nasdaq Stock Market under the ticker "EBON."\nThe underwriters for the IPO include Hong Kong-based asset management firm AMTD Global Markets Ltd. and Chicago-based investment banking firm Loop Capital Markets LLC., according to the filing.\nWhy It Matters\nEbang is the latest in a string of Chinese companies looking to go public in the U.S., even as they face increased scrutiny over risk of securities fraud, after theLuckin Coffee Inc.(NYSE:LK) incident.\nRival Bitcoin mining equipment makerCanaan Inc.(NASDAQ:CAN) went public at Nasdaq in November last year. Its stock is down 53% from the IPO offering price of $9 at press time at $4.23.\nBitmain, which has the largest market share in the mining equipment industry, has also been looking to go public in the U.S. for over a year, as reported by Bloomberg.\nAll three companies sought to go public in Hong Kong earlier unsuccessfully.\nPrice Action\nBitcoin shares traded 2% higher at $7,759.08 at press time on Sunday.\nSee more from Benzinga\n• Amazon Pilots Online Screening Of New Sellers During Pandemic\n• McDonald\'s, Starbucks, Subway Part Of China\'s Central Digital Currency Pilot: Report\n• Blackstone Sees \'Actionable\' Buying Opportunities During Coronavirus Pandemic, Even As Q1 Results Disappoint\n© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'Bitcoin (BTC) mining equipment manufacturer Ebang International Holdings has filed to go public in the United States, CoinDeskreportedSaturday.\nWhat Happened\nIn afilingwith the Securities and Exchange Commission on April 24, Ebang said it is looking to raise up to $100 million in the initial public offering with each Class A ordinary share priced at $0.00013, CoinDesk noted.\nThe company based in Hangzhou, China, said it intends to apply to get its shares listed on either the New York Stock Exchange or the Nasdaq Stock Market under the ticker "EBON."\nThe underwriters for the IPO include Hong Kong-based asset management firm AMTD Global Markets Ltd. and Chicago-based investment banking firm Loop Capital Markets LLC., according to the filing.\nWhy It Matters\nEbang is the latest in a string of Chinese companies looking to go public in the U.S., even as they face increased scrutiny over risk of securities fraud, after theLuckin Coffee Inc.(NYSE:LK) incident.\nRival Bitcoin mining equipment makerCanaan Inc.(NASDAQ:CAN) went public at Nasdaq in November last year. Its stock is down 53% from the IPO offering price of $9 at press time at $4.23.\nBitmain, which has the largest market share in the mining equipment industry, has also been looking to go public in the U.S. for over a year, as reported by Bloomberg.\nAll three companies sought to go public in Hong Kong earlier unsuccessfully.\nPrice Action\nBitcoin shares traded 2% higher at $7,759.08 at press time on Sunday.\nSee more from Benzinga\n• Amazon Pilots Online Screening Of New Sellers During Pandemic\n• McDonald\'s, Starbucks, Subway Part Of China\'s Central Digital Currency Pilot: Report\n• Blackstone Sees \'Actionable\' Buying Opportunities During Coronavirus Pandemic, Even As Q1 Results Disappoint\n© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'Microsoft Corporation (NASDAQ: MSFT ) co-founder Bill Gates on Sunday said that a vaccine for novel coronavirus (COVID-19) could be produced at a mass-scale within a year. What Happened "If everything went perfectly, we\'d be in scale manufacturing within a year," Gates told CNN\'s Fareed Zakaria. "It could be as long as two years." The technology entrepreneur said he agrees with White House Coronavirus Task Force lead member Anthony Fauci\'s timeline of 12 to 18 months for mass-producing a vaccine. "It\'s very hard to compress these timeframes," he added, saying that the phase three trials, which determine if the drug has harmful side effects, will take time. Gates also called for a phased reopening of the country, starting with schools and critical businesses, with social distancing and safety equipment guidelines in place. Otherwise, the pandemic could worsen, he warned. Why It Matters The Bill & Melinda Gates Foundation has backed Inovio Pharmaceuticals Inc. (NASDAQ: INO ) and six other COVID-19 vaccine candidates as part of its 0 million fund for efforts against the pandemic. Inovio chief executive officer Joseph Kim said last week it\'s possible for its vaccine candidate to be ready in 12 to 18 months. Moderna Inc. (NASDAQ: MRNA ) was the first company to start human trials in the U.S. in March, with federal funding, and Inovio followed suit earlier this month. Four other vaccines, including three in China and one in the United Kingdom, are currently in clinical trials, according to the World Health Organization. Price Action Inovio\'s shares closed 21.3% higher at $14.59 on Friday. The shares traded 2.7% lower in the after-hours at $14.19. Moderna stock closed 6.5% higher at $50.50 per share. It traded 0.6% lower in the after-hours at $50.20 per share. See more from Benzinga Another Chinese Bitcoin Mining Device Maker Files To Go Public In US Amazon Pilots Online Screening Of New Sellers During Pandemic McDonald\'s, Starbucks, Subway Part Of China\'s Central Digital Currency Pilot: Report © 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'Microsoft Corporation(NASDAQ:MSFT) co-founder Bill Gates on Sunday said that a vaccine for novel coronavirus (COVID-19) could be produced at a mass-scale within a year.\nWhat Happened\n"If everything went perfectly, we\'d be in scale manufacturing within a year," Gatestold CNN\'sFareed Zakaria. "It could be as long as two years."\nThe technology entrepreneur said he agrees with White House Coronavirus Task Force lead member Anthony Fauci\'s timeline of 12 to 18 months for mass-producing a vaccine.\n"It\'s very hard to compress these timeframes," he added, saying that the phase three trials, which determine if the drug has harmful side effects, will take time.\nGates also called for a phased reopening of the country, starting with schools and critical businesses, with social distancing and safety equipment guidelines in place. Otherwise, the pandemic could worsen, he warned.\nWhy It Matters\nThe Bill & Melinda Gates Foundation has backedInovio Pharmaceuticals Inc.(NASDAQ:INO) and six other COVID-19 vaccine candidates as part of its0 million fundfor efforts against the pandemic.\nInovio chief executive officer Joseph Kim said last week it\'s possible for its vaccine candidate to be ready in 12 to 18 months.\nModerna Inc.(NASDAQ:MRNA) was the first company to start human trials in the U.S. in March, with federal funding, and Inovio followed suit earlier this month.\nFour other vaccines, including three in China and one in the United Kingdom, are currently in clinical trials, according to the World Health Organization.\nPrice Action\nInovio\'s shares closed 21.3% higher at $14.59 on Friday. The shares traded 2.7% lower in the after-hours at $14.19.\nModerna stock closed 6.5% higher at $50.50 per share. It traded 0.6% lower in the after-hours at $50.20 per share.\nSee more from Benzinga\n• Another Chinese Bitcoin Mining Device Maker Files To Go Public In US\n• Amazon Pilots Online Screening Of New Sellers During Pandemic\n• McDonald\'s, Starbucks, Subway Part Of China\'s Central Digital Currency Pilot: Report\n© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'The Dutch crypto market is seeing the first of most likely many small crypto exchanges get squeezed out following the passage of heavily criticized anti-money laundering (AMLD5) regulations.\nAnnounced Friday in acompany blog, Bittr founder Ruben Waterman said hisbitcoinexchange, launched in 2018, will shut down by April 28 as the one-man operation does not have the capital to meet the new regulations. The Dutch National Bank (DNB) estimates that registration alone costs $36,500, in addition to rolling compliance needs.\nThe development shows what Dutch regulators expect of financial upstarts and could speak to future hurdles to cryptocurrency development in the greater European Union.\nRelated:Bittrex Exec Joins Mortgage Giant Fannie Mae After Crypto Exchange’s Brush With NYDFS\n“Above all, Bittr would have to appoint a dedicated compliance officer who’s responsible for compliance with the new regulations,” Ruben wrote Friday. “Who can I appoint? Myself? That probably doesn’t work also being the sole shareholder and director.”\nRead more:Dutch Crypto Startups Brawl With Regulators Over Scope of EU Money Laundering Rule\nUnder Dutch law, businesses pay for their own regulations out of pocket. Ruben said the options for his bitcoin savings platform included keeping a lawyer on retainer, paying a compliance officer or finding a third party to manage compliance costs in addition to the government registration fee – impossible, he said, given the firm’s small size.\nAs CoinDeskreported in December, Dutch cryptocurrency firms were entangled in a protracted battle of semantics with the DNB and Ministry of Finance (FIN) over the implementation of the European Union’s 5th Anti-Money Laundering Directive (AMLD5), which went into effect in January 2020.\nRelated:Blockchain Now Officially Part of China’s Technology Strategy\nBitcoin firms CoinDesk spoke with said the DNB and FIN were strengthening the EU directive needlessly while using doublespeak with the Dutch Parliamen **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-04-27 **Financial & Commodity Data:** - Gold Closing Price: $1711.90 - Crude Oil Closing Price: $12.78 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $125,358,397,100 - Hash Rate: 111856556.335257 - Transaction Count: 311217.0 - Unique Addresses: 629817.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.28 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: NVIDIA Corporation(NASDAQ:NVDA) is asking gamers todownload an applicationand use their gaming PCs to fight COVID-19. What Happened Nvidia is urging users of gaming personal computers (PCs) to fight COVID-19. The computer hardware companytweetedon Saturday, “Join us and our friends at @OfficialPCMR in supporting folding@home and donating unused GPU computing power to fight against COVID-19!” The folding@home app has a number of graphics processing unit (GPU) specific projects, which gaming PC users can contribute by just downloading the application. PCMR, a community of PC enthusiasts, describes the concept behind the app, “You can install a small program on your computer, and it downloads a small amount of data that it analyses, then returning the results to the Stanford researchers.” The website claims that the whole process only takes 3 minutes. Folding@home will work on COVID-19, but they also focus on cancer, Alzheimer’s, Huntington’s, and Parkinson’s diseases. Why It Matters The initial “wave of projects” will help researchers get a better understanding of coronaviruses and how they interact with the human ACE-2 receptor, which is required for viral entry into human host cells. In an update regarding COVID-19 and their efforts to fight the disease, folding@home announced, “In the coming days, we hope to take advantage of some of the new structural biology and biochemical data that is being rapidly released by researchers around the world who are working to understand these viruses and strategies for defeating them.” Price Action Nvidia shares traded 11.34% higher at $240.84 on Friday in the regular session. See more from Benzinga • SoftBank To Buy Back .8B Worth Of Shares After Push From Elliott • Elon Musk's SpaceX Wants A Slice Of .4B Federal Subsidies Pie • Bitcoin Briefly Drops Below k, As Cryptocurrency Markets Enter Free Fall © 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.... - Reddit Posts (Sample): [['u/ElephantGlue', 'I’m sure eventually most people will get it', 113, '2020-04-27 02:00', 'https://www.reddit.com/r/Bitcoin/comments/g8pkfy/im_sure_eventually_most_people_will_get_it/', 'Just wondering how many other people here are in the same boat?\n\nI feel like when I first learned about bitcoin I was evangelizing left and right to anyone who would lend an ear. These days I’ve made my peace with my own belief that bitcoin has the fundamentals and time on its side to become the staple deflationary asset that runs world economies.\n\nI feel as though we’re all computer scientists living in the 1960’s who sound like crackpots when we tell people how big a part of our lives bitcoin will be in just 10 or 20 years like how they might have reflected upon the coming ubiquity of computers or the internet.\n\nI dunno, maybe I am really a crackpot tho.', 'https://www.reddit.com/r/Bitcoin/comments/g8pkfy/im_sure_eventually_most_people_will_get_it/', 'g8pkfy', [['u/Meta_Modeller', 11, '2020-04-27 02:36', 'https://www.reddit.com/r/Bitcoin/comments/g8pkfy/im_sure_eventually_most_people_will_get_it/foow8cw/', 'It’s the same with anything that’s “red pilled”.\n\nIn general, humans behave as a herd animal, not a mass of individuals.\n\nEventually the herd will catch up... when it’s too late, of course.\n\nBut that’s why they’re called cattle.', 'g8pkfy'], ['u/dont-listentome', 49, '2020-04-27 02:55', 'https://www.reddit.com/r/Bitcoin/comments/g8pkfy/im_sure_eventually_most_people_will_get_it/fooy2ut/', "I've stopped evangelizing about bitcoin a long time ago, because at some point I realized that the hardest currency on earth doesn't need to be marketed. If noobies come here asking **how** to do bitcoin I'll gladly help them out. But lately I've become quite reluctant to help people coming here asking **why** they should bitcoin, especially if it's clear they've already made up their mind.", 'g8pkfy'], ['u/Exxe2502', 61, '2020-04-27 03:01', 'https://www.reddit.com/r/Bitcoin/comments/g8pkfy/im_sure_eventually_most_people_will_get_it/fooyqa7/', "I'm old enough to remember how Paul Krugman, prize winning economist, stated that the internet will have no more effect than the fax machine....", 'g8pkfy'], ['u/KeymasterLvl5000', 13, '2020-04-27 03:15', 'https://www.reddit.com/r/Bitcoin/comments/g8pkfy/im_sure_eventually_most_people_will_get_it/fop03nk/', "Most people's minds are 100% programmed by corporations. They can't resist the advertising efforts that convince them that zero calorie soda or their vitamin 'enriched' cereal is healthy. They are loaded with debt despite debt nearly always being a poor choice but because colleges convince them it's a worthy investment and the system's convinced them that owning a home is smart investment. They have kids because they didn't use protection and get married to people they don't like or who had obvious red flags. If they have money they think owning an index fund is the smartest thing possible because of a financial meme based on poor statistical sampling.\n\nI know a non inflationary store of wealth is a simple concept to us but I really believe most people are too dumb to truly understand it and how it affects their lives. Most people are too dumb to even save money.\n\nThe good news though is that it really doesn't matter what most people do. Basic age demographics guarantees that the people who understand bitcoin will gain more wealth as they age, store more if it in Bitcoin and the value will rise, with Bitcoin replacing gold as the Boomers die off, as well as less liquid deflationary hedges. Eventually the value of Bitcoin will stabilize and level off, keeping up with inflation and it will be a stable and valuable deflationary asset; possible the MOST valuable accessible deflationary asset.", 'g8pkfy'], ['u/Always_Question', 20, '2020-04-27 03:30', 'https://www.reddit.com/r/Bitcoin/comments/g8pkfy/im_sure_eventually_most_people_will_get_it/fop1koh/', 'Softly mention it to your friends and family. Something along the lines of "this is important and you should pay attention." Just leave it at that. After they see it mentioned in the mainstream news a few times, they\'ll remember that you had said it was important, and so they will dig a bit deeper for themselves. People must come to the realization of its importance by themselves, and at their own pace.', 'g8pkfy'], ['u/admin_default', 23, '2020-04-27 04:16', 'https://www.reddit.com/r/Bitcoin/comments/g8pkfy/im_sure_eventually_most_people_will_get_it/fop5wf7/', 'Most will never *get* it, they will merely accept it as they do with most realities they are presented.', 'g8pkfy'], ['u/PM_ME_YOUR_RC51', 11, '2020-04-27 04:35', 'https://www.reddit.com/r/Bitcoin/comments/g8pkfy/im_sure_eventually_most_people_will_get_it/fop7pdi/', "I stopped giving a fuck about others when it comes to crypto. If they want to learn about it, they can ask me. I'll gladly share what I know. I won't go out of my way to talk about it/get people to invest in it.", 'g8pkfy'], ['u/bearCatBird', 17, '2020-04-27 04:43', 'https://www.reddit.com/r/Bitcoin/comments/g8pkfy/im_sure_eventually_most_people_will_get_it/fop8e8v/', 'Yep. Some of my friends got it right away. Others are arrogantly against it. That second group I just ignore all together. They’ll come around eventually. Reluctantly. Enviously.', 'g8pkfy'], ['u/bearCatBird', 10, '2020-04-27 04:43', 'https://www.reddit.com/r/Bitcoin/comments/g8pkfy/im_sure_eventually_most_people_will_get_it/fop8gpe/', 'Luckily for these cows, even if they are the last one to show up they’ll still benefit from the new system.', 'g8pkfy'], ['u/GlaucomysSabrinus', 20, '2020-04-27 04:54', 'https://www.reddit.com/r/Bitcoin/comments/g8pkfy/im_sure_eventually_most_people_will_get_it/fop9hav/', 'Yeah I see blockchain tech following a similar path as the internet. You can already see government and corporations accepting it on a large scale and before long it’ll just be a part of people’s lives without them noticing.', 'g8pkfy'], ['u/roy28282', 17, '2020-04-27 05:28', 'https://www.reddit.com/r/Bitcoin/comments/g8pkfy/im_sure_eventually_most_people_will_get_it/fopci4r/', "Most people won't buy Bitcoin,they'll get it when they will have to work for satoshis.", 'g8pkfy'], ['u/msl2008', 13, '2020-04-27 06:00', 'https://www.reddit.com/r/Bitcoin/comments/g8pkfy/im_sure_eventually_most_people_will_get_it/fopfbx0/', 'You don’t even need most to use it much less get it. I believe uber, doordash, slack, etc all have less than 15% of the population using them and yet are household tech names. And way more people have heard of bitcoin than those companies not to mention bitcoin is worldwide whereas those are USA specific.', 'g8pkfy'], ['u/Khrimz000', 16, '2020-04-27 07:02', 'https://www.reddit.com/r/Bitcoin/comments/g8pkfy/im_sure_eventually_most_people_will_get_it/fopkab0/', 'For me the start was about how i missed out on it when it was 200 bucks.\n\nYears later it was at 3k. I was like...damn..i missed the boat.\n\nStill..i got into it and havent looked back since.\n\n \nHowever, something changed....i really dug deep into WHY. \n\n\nWhy is crypto a good thing.\n\nWhy is decentralization a good thing.\n\nWhy btc being limited is a good thing.\n\nAnd the philosophy of Satoshi (BTC white paper) that really brought me from just focusing on the price to the "WHYs" of Bitcoin.', 'g8pkfy'], ['u/Bitcoin_puzzler', 11, '2020-04-27 11:23', 'https://www.reddit.com/r/Bitcoin/comments/g8pkfy/im_sure_eventually_most_people_will_get_it/foq1db8/', "Decentralized = not cheap.\n\nEverything comes with a price. You can't have both.", 'g8pkfy']]], ['u/e346e', 'Sharing my simple strategy.', 15, '2020-04-27 02:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/g8qcpu/sharing_my_simple_strategy/', 'tldr: buy with 25% of your stake today, sell as you make 10%, double down when the market loses 25%. When you get 10% ahead, dump everything back to a 25% stake allocation.\n\nThe volatility and big price swings in crypto (I only trade against btc) have made this strategy really effective. Yes sometimes I wait weeks without enough movement to buy or sell, but with patience, I get that 10% predictably. I\'m up roughly 20% since making that post. It\'s really not a lot net money and I won\'t be quitting my jobs any time soon. But it is definitely has proven WAY better than a simple hodl strategy.\n\nI\'m not a big trader, and don\'t have a lot of stake, but I shared my bitcoin trading strategy (I use the common apps with free trades that don\'t actually use "real" withdrawlable bitcoin but do follow price movements.\n\nI\'ve made good percentage gains since I made this post ([https://www.reddit.com/r/Bitcoin/comments/c66eqw/my\\_two\\_cents/](https://www.reddit.com/r/Bitcoin/comments/c66eqw/my_two_cents/)) last year. Notice the zero karma and the "just hodl" comments, a strategy which netted gains of basically zero since then. The details are there.', 'https://www.reddit.com/r/BitcoinMarkets/comments/g8qcpu/sharing_my_simple_strategy/', 'g8qcpu', [['u/Mark0Pollo', 54, '2020-04-27 03:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/g8qcpu/sharing_my_simple_strategy/fooykwk/', "I feel like this is one of those things where it works until it doesn't", 'g8qcpu'], ['u/Moh4565', 10, '2020-04-27 03:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/g8qcpu/sharing_my_simple_strategy/fooz32m/', 'And you get wiped out', 'g8qcpu'], ['u/DamonAndTheSea', 16, '2020-04-27 03:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/g8qcpu/sharing_my_simple_strategy/fop06xm/', 'As others have pointed out... no static trading strategy works indefinitely. One must adapt their trading strategy to market state. This is really hard to do consistently.\n\nIf you\'ve made this strategy work for you this past year, then I\'m happy for you, but it\'s important to point out that, for the vast majority of people, buy and hold is a more successful strategy. Markets are zero ... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52
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:** ['A Chinese city in the world\x92s bitcoin mining hub is publicly encouraging the blockchain industry to help consume excessive hydroelectricity ahead of the summer rainy season. Ya\x92an, one of the many cities in China\x92s mountainous Sichuan province, a region that\x92s estimated to account for over 50 percent of the Bitcoin network\x92s computing power, has recently issued a public guidance \x96 likely in its first \x96 to seize the \x93strategic opportunity of the blockchain sector\x94 so that they can help consume the area\x92s excessive hydropower electricity. Although not specifically mentioned in the guidance, bitcoin mining is an activity in the blockchain industry that is notable for its reliance on the intensive usage of electricity. Related: The Rise of ASICs: A Step-by-Step History of Bitcoin Mining According to a local daily\x92s report on April 20, the government seeks to make the city a high-quality example for consuming excessive hydropower electricity and build itself into \x93an impactful blockchain industry hub\x94 in the country. The Ya\x92an city\x92s guidance also emphasized that electricity to be used by blockchain firms should come from generated power that\x92s being connected to the state grid. \x93On principle, blockchain companies should construct factories near power plants that have excessive power and are integrated with the State Grid,\x94 the guidance says. \x93For blockchain companies that use electricity privately generated from power plants [without integration to the State Grid] should be rectified in due time.\x94 The notice also follows the change of attitude from China\x92s central government regarding bitcoin mining activities last year. Related: Bitcoin Miner Maker Ebang Files for a $100M US IPO China\x92s National Development and Reformation Commission, one of the 26 ministries that make up the State Council, initially labeled bitcoin mining activities as an industry that should be eliminated in a draft guideline in April last year. However, the agency scrapped that plan in the guideline\x92s final form in November. Story continues In general, China\x92s Sichuan region has the issue of excessive hydropower electricity being wasted every year during the rainy summer season. For example, the Garze prefecture government, another mountainous area in Sichuan, has said hydropower plants in the area generated 41.5 billion kWh of electricity just in 2017, with a total excess of 16.3 billion kWh that went to waste. As such, the spring and summer season are usually a welcome time of year for bitcoin mining businesses in China because there will be abundant and cheap electricity resulted from the hydropower excess. But this year, bitcoin\x92s stagnating price movements ahead of the network\x92s halving event due in two weeks have cooled down bitcoin miners\x92 expansion investment. Related Stories Bitcoin Halving 2020: The \x91Arms Race\x92 for Miner Efficiency Intensifies Meet Red Date, the Little-Known Tech Firm Behind China\x92s Big Blockchain Vision', 'A Chinese city in the world’s bitcoin mining hub is publicly encouraging the blockchain industry to help consume excessive hydroelectricity ahead of the summer rainy season.\nYa’an, one of the many cities in China’s mountainous Sichuan province, a region that’s estimated to account for over 50 percent of the Bitcoin network’s computing power, has recently issued a public guidance – likely in its first – to seize the “strategic opportunity of the blockchain sector” so that they can help consume the area’s excessive hydropower electricity.\nAlthough not specifically mentioned in the guidance,bitcoinmining is an activity in the blockchain industry that is notable for its reliance on the intensive usage of electricity.\nRelated:The Rise of ASICs: A Step-by-Step History of Bitcoin Mining\nAccording to a local daily’sreporton April 20, the government seeks to make the city a high-quality example for consuming excessive hydropower electricity and build itself into “an impactful blockchain industry hub” in the country.\nThe Ya’an city’s guidance also emphasized that electricity to be used by blockchain firms should come from generated power that’s being connected to the state grid.\n“On principle, blockchain companies should construct factories near power plants that have excessive power and are integrated with the State Grid,” the guidance says. “For blockchain companies that use electricity privately generated from power plants [without integration to the State Grid] should be rectified in due time.”\nThe notice also follows the change of attitude from China’s central government regarding bitcoin mining activities last year.\nRelated:Bitcoin Miner Maker Ebang Files for a $100M US IPO\nChina’s National Development and Reformation Commission, one of the 26 ministries that make up the State Council, initiallylabeledbitcoin mining activities as an industry that should be eliminated in a draft guideline in April last year. However, the agency scrapped that plan in the guideline’s final form in November.\nIn general, China’s Sichuan region has the issue of excessive hydropower electricity being wasted every year during the rainy summer season.\nFor example, the Garze prefecture government, another mountainous area in Sichuan, hassaidhydropower plants in the area generated 41.5 billion kWh of electricity just in 2017, with a total excess of 16.3 billion kWh that went to waste.\nAs such, the spring and summer season are usually a welcome time of year for bitcoin mining businesses in China because there will be abundant and cheap electricity resulted from the hydropower excess.\nBut this year, bitcoin’s stagnating price movements ahead of the network’s halving event due in two weeks havecooled downbitcoin miners’ expansion investment.\n• Bitcoin Halving 2020: The ‘Arms Race’ for Miner Efficiency Intensifies\n• Meet Red Date, the Little-Known Tech Firm Behind China’s Big Blockchain Vision', 'A Chinese city in the world’s bitcoin mining hub is publicly encouraging the blockchain industry to help consume excessive hydroelectricity ahead of the summer rainy season.\nYa’an, one of the many cities in China’s mountainous Sichuan province, a region that’s estimated to account for over 50 percent of the Bitcoin network’s computing power, has recently issued a public guidance – likely in its first – to seize the “strategic opportunity of the blockchain sector” so that they can help consume the area’s excessive hydropower electricity.\nAlthough not specifically mentioned in the guidance,bitcoinmining is an activity in the blockchain industry that is notable for its reliance on the intensive usage of electricity.\nRelated:The Rise of ASICs: A Step-by-Step History of Bitcoin Mining\nAccording to a local daily’sreporton April 20, the government seeks to make the city a high-quality example for consuming excessive hydropower electricity and build itself into “an impactful blockchain industry hub” in the country.\nThe Ya’an city’s guidance also emphasized that electricity to be used by blockchain firms should come from generated power that’s being connected to the state grid.\n“On principle, blockchain companies should construct factories near power plants that have excessive power and are integrated with the State Grid,” the guidance says. “For blockchain companies that use electricity privately generated from power plants [without integration to the State Grid] should be rectified in due time.”\nThe notice also follows the change of attitude from China’s central government regarding bitcoin mining activities last year.\nRelated:Bitcoin Miner Maker Ebang Files for a $100M US IPO\nChina’s National Development and Reformation Commission, one of the 26 ministries that make up the State Council, initiallylabeledbitcoin mining activities as an industry that should be eliminated in a draft guideline in April last year. However, the agency scrapped that plan in the guideline’s final form in November.\nIn general, China’s Sichuan region has the issue of excessive hydropower electricity being wasted every year during the rainy summer season.\nFor example, the Garze prefecture government, another mountainous area in Sichuan, hassaidhydropower plants in the area generated 41.5 billion kWh of electricity just in 2017, with a total excess of 16.3 billion kWh that went to waste.\nAs such, the spring and summer season are usually a welcome time of year for bitcoin mining businesses in China because there will be abundant and cheap electricity resulted from the hydropower excess.\nBut this year, bitcoin’s stagnating price movements ahead of the network’s halving event due in two weeks havecooled downbitcoin miners’ expansion investment.\n• Bitcoin Halving 2020: The ‘Arms Race’ for Miner Efficiency Intensifies\n• Meet Red Date, the Little-Known Tech Firm Behind China’s Big Blockchain Vision', 'A former senior policy adviser to the International Monetary Fund (IMF) said libra’s ill-defined relationship with the Federal Reserve has pushed those behind libra to adopt emergency protocols similar to the ones the U.S. ditched more than 100 years ago. American economist Barry Eichengreen, who was an IMF policy adviser in the late 1990s, said in a blog post Saturday with fellow academic Ganesh Viswanath-Natraj that emergency protections found in the revised libra white paper were similar to the clearinghouse certificates the U.S. used to prevent bank runs prior to the establishment of the Federal Reserve in 1913. It isn’t obvious whether the Fed would step in to help the proposed currency in an emergency to act as a lender of last resort, write Eichengreen and Viswanath-Natraj. Libra’s white paper instead proposes the network operators could issue “redemption stays” to prevent funds being taken out of the Libra Reserve – the reserve of real assets that underpin libra’s value – or charge additional penalties to those still wanting early redemption. Related: Cross-Border Payment **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-04-28 **Financial & Commodity Data:** - Gold Closing Price: $1710.50 - Crude Oil Closing Price: $12.34 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $125,358,397,100 - Hash Rate: 111856556.335257 - Transaction Count: 311217.0 - Unique Addresses: 629817.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.26 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Gold-backed crypto tokens continue to rise in price as sourcing gold itself during the coronavirus-induced downturn is reportedly getting more difficult. Demand for Paxos Gold (PAXG) and Tether Gold (XAUT), two of the most liquid gold-backed token projects, has surged this week. Both blockchain-backed tokens each represent a legal entitlement to one ounce of gold stored in institutional vaults. Both tokens are redeemable for physical gold. The uptick in demand comes as traditional gold suppliers face shortages and difficulties in bringing physical bullion to the market, according to reports . Related: Geopolitical Crisis May Benefit Oil, Gold and CBDCs, Not Bitcoin “The Fed completely changed the rules – the real rate of interest swung even more and so we are seeing all that money flow into gold immediately,” Roy Sebag, founder of metals custodian Goldmoney, said regarding the Federal Reserve in a phone interview with CoinDesk on Tuesday. Read more: Bitcoin and Gold: Evaluating Hard-Cap Currencies in Times of Financial Crisis Purchases of new PAXG – which represent one ounce of London Bullion Market Association (LBMA) institutional-grade gold – have nearly doubled day-over-day since Monday, according to Paxos spokesperson Becky McClain. Paxos said Thursday it had enough gold to cover current volumes. On the other hand, demand for Tether’s offering led to the XAUT market cap hitting $50 million on Wednesday, according to data provider Nomics. Yet supply-chain issues in sourcing the gold itself could hinder further issuance of the token, according to The Block . Related: Stocks, Bitcoin Rally on Prospects for US Senate Stimulus Bill “XAUT simply represents a new and technologically innovative way for people to hold gold without annual fees,” Tether told CoinDesk in a statement, declining to comment on daily market movements. “We have seen strong growth for XAUT and we anticipate XAUT will continue to grow as it establishes itself as the dominant digital token representing gold ownership.” Story continues Trade volume for both tokens has also increased in recent days, according to market data from Nomics and CoinMarketCap. “We’ve all seen unprecedented volatility in the markets the past few weeks, so naturally people are looking to safe havens like gold,” Paxos executive Walter Hessert told CoinDesk. “As a blockchain-based token, it also offers holders the greatest level of control and accessibility outside the financial system.” Price premium An increase in demand for physical gold paired with supply chain issues for sourcing the precious metal has increased the price per ounce. Bloomberg reported earlier this week the price of gold futures spiked against the price of gold in a premium not seen in over 40 years due to the inability to settle contracts physically in New York City as COVID-19 spreads. Gold-backed crypto tokens currently hold a premium for traditional trading of both spot and futures gold markets on exchanges such as FTX. However, current prices could be a continuation of past premiums held by gold-backed tokens, according to CoinDesk Research. Indeed, PAXG and XAUT have consistently held above the spot price of gold since their inceptions. XAUT launched in January 2020 ; PAXG launched in September 2019 . Read more: Bitcoin Is a Safe Haven for a Worse Storm Than This Still, traders are looking for small denominations of gold, which are becoming more and more difficult to find, Sebag said. “Something changed in the last few days. Not a lack of physical gold, but denomination problems,” Sebag said. “Definitely a shortage.” Paxos said the increased demand for PAXG is not leading to the supply constraints reportedly seen by Tether. “We’re only dealing with London LBMA gold, and there is plenty of metal there! Benefits of being a trusted, regulated player – we can get access to that market unlike anyone else,” McClain said. Related Stories Bybit Enables Two-Way Margin Trading With Perpetual Contracts Quoted in Tether Bitcoin and Gold: Evaluating Hard-Cap Currencies in Times of Financial Crisis... - Reddit Posts (Sample): [['u/VSAlpha', 'Bitcoin is antifragile, criticism should be welcome', 72, '2020-04-28 02:12', 'https://www.reddit.com/r/Bitcoin/comments/g9cpj8/bitcoin_is_antifragile_criticism_should_be_welcome/', "I'm very disappointed when I start a thread that seems to question Bitcoin and I get downvoted (like this one: [https://www.reddit.com/r/Bitcoin/comments/g90nlg/at\\_what\\_rate\\_can\\_mining\\_productivity\\_keep/](https://www.reddit.com/r/Bitcoin/comments/g90nlg/at_what_rate_can_mining_productivity_keep/) ). I'm a hodler, I think Bitcoin is the best kind of money that ever existed. It's just how money should be, its supply can't be manipulated by anyone, transactions can't be stopped by anyone, it's infinitely divisible, it's fungible, inflation is negligible. It's a fucking masterpiece.\n\nAnd it's antifragile. Every time a government meddles with its citizens with capital controls, every time a bank freezes your account or makes transactions expensive and slow, every time you lose 3% converting currencies, every time a central bank increases its money supply, every time a government bailouts some grasshopper by devaluing your hard-earned money, Bitcoin grows stronger. None of that unfair bullshit can happen in Bitcoin.\n\nSo why when I make a legit question I'm just being downvoted? Is Bitcoin just a get rich quick scheme for you? Is this reddit just a place to post stupid memes and talk about today's price or a place to have actual discussions with others that care about Bitcoin long term?", 'https://www.reddit.com/r/Bitcoin/comments/g9cpj8/bitcoin_is_antifragile_criticism_should_be_welcome/', 'g9cpj8', [['u/maxcoiner', 33, '2020-04-28 02:28', 'https://www.reddit.com/r/Bitcoin/comments/g9cpj8/bitcoin_is_antifragile_criticism_should_be_welcome/fosmm71/', 'There are simply too many people here on reddit that don\'t really know what bitcoin is yet... They just think it\'s "number go up coin" and that\'s all that matters to them.', 'g9cpj8'], ['u/admin_default', 11, '2020-04-28 06:33', 'https://www.reddit.com/r/Bitcoin/comments/g9cpj8/bitcoin_is_antifragile_criticism_should_be_welcome/fotabt8/', 'Then why aren’t you welcoming all the criticism you just got?', 'g9cpj8']]], ['u/MonoTheMonkey', 'Can I sell BTC and use those funds to buy a house?', 33, '2020-04-28 03:48', 'https://www.reddit.com/r/BitcoinBeginners/comments/g9e7ld/can_i_sell_btc_and_use_those_funds_to_buy_a_house/', "I know I can sell, no problem. The question is about where the money be considered good/clean to use for a down payment.\n\nThey have rules about wanting to know where the money has come from...\n\nThe blockchain is transparent. The history is: bought from KYC exchange -> xfer to hw wallet -> now I'd transfer the same UTXO'S back to KYC exchange.\n\nAnd what other alternatives do I have? I'd consider posting them as collateral for a USD loan (just not sure if want to pay 10% or whatever those services charge)", 'https://www.reddit.com/r/BitcoinBeginners/comments/g9e7ld/can_i_sell_btc_and_use_those_funds_to_buy_a_house/', 'g9e7ld', [['u/BustaNuggitz', 17, '2020-04-28 04:02', 'https://www.reddit.com/r/BitcoinBeginners/comments/g9e7ld/can_i_sell_btc_and_use_those_funds_to_buy_a_house/fosw8p9/', '(I’m assuming you’re US based since you’re looking for a USD based loan).\n\nWhen you sell your coin for USD, it is considered a taxable event. Currently any cryptocurrency is considered “real property” and is taxed as such under applicable capital gains tax.\n\nBasically the same as if you sold a house for USD.\n\nYour question is interesting though, in that there are exemptions from capital gains taxes under certain circumstances when you use the proceeds from the sale of a house to purchase another house within a certain timeframe.\n\nI wonder if they’ve closed that exemption to capital gains resulting from the sale of crypto. Worth talking to a tax lawyer about... the tax on capital gains can be significant so an exemption for reinvestment in a house would be a pretty big win for you.', 'g9e7ld']]], ['u/UncoloredShoes', 'My 2020 BTC Mining Experience', 61, '2020-04-28 03:52', 'https://www.reddit.com/r/Bitcoin/comments/g9e9zj/my_2020_btc_mining_experience/', 'Hey everyone! \n\nSo I wanted to share with you all my BTC mining experience through 2020 and hopefully shed some light and answer some questions for those thinking about getting into it. \n\nSo in Nov 2019 I got really interested in the idea of using mining to accumulate BTC and leverage my investment property (I have a two unit building. I live on the second floor and rent out the first floor). After lots of research and DD I was convinced to give it a try. In late December ending up purchasing a Bitmain S17 miner off eBay for $1,900 with the goal of having it operational by the start of 2020. I had (2) 220v outlets installed in my basement near my work bench for $330 and I was ready to roll. \n\nLet me say that the initial setup and start up period was quite difficult. It was tough to find good resources to assist so it was mostly a trial by fire experience. It also doesn’t help that Bitmain is a Chinese company. \n\nI also learned very quickly that these miners are extremely noisy and emit a high frequency sound due to the fan speed. This became a big issue right away because the sound was noticeably loud not only in my tenants apartment but I could also hear it upstairs in mine! The complaints started almost immediately. I thought I was screwed. \n\nI attempted to install insulation and some sound panels in the ceiling of the basement but that barely made a dent to the noise levels. After several more attempts at sound proofing, I ended up making a sound proof box below my work bench out of sound panels ordered off amazon. I kept the front open with a door and the back vented. This helped the sound levels tremendously. I also ended up purchasing (2) larger computer fans which I placed at the front and back of the box for increased air movement. Keep in mind that the hotter the miner, the faster the fan speed on the machine. \n\nFrom an operating standpoint, I purchased a WiFi extender with an Ethernet port for the miner which has worked pretty well. Although I did have frequent disconnections especially at the beginning. This was rough because when the miner disconnects the fan speed will increase to 5000rpm and is very noisy. It also takes a minimum of 5 minutes to reconnect to the agent and settle the miner down. That doesn’t seem like a lot of time until you and your tenant are forced to listen to a high frequency pitch for minutes on end. \n\nI went with BTC.com for my miner pool. I am currently running the agent software on my laptop upstairs in my apartment. A designated desktop computer would definitely be ideal here, but currently I don’t have it setup as such. Again a lot of troubleshooting up front on getting the miner to sync to the pool but the pool seems OK now. \n\nI am currently running the miner on low power and am producing roughly 43TH/s daily. This equates to a payout of about .005 BTC every 7-8 days. My plan is to set the miner on either standard or turbo mode in the summer once the house AC units are running and the noise is less of a factor. \n\nMy electric costs going into the year were .071kw/hr. I think they may have increased slightly though more recently. \n\nSo through end of April (4 months) with extensive trial and error and extended downtimes in the beginning, I have been able to generate approximately .076 BTC (about $600 for those counting at home). Obviously you need to deduct electricity costs to get your true profit. Here is a recap of my total costs to date\n\nMiner: $1,900 \nElectric upgrades: $330 \nWiFi extender, comp fans and Ethernet cords: $125\nSound Panels: $130\nTotal all in: $2,485\n\n\nFor me I’m less concerned about the current profitability and more focused on where I see BTC going in the future and being able to consistently accumulate outside of regular purchases through an exchange. For instance, I see that same .076 being worth $7,600 in the next two years. That’s a $100,000 price target btw. \n\nIt’s also been important for me to maximize the up time of the miner and squeeze as much out of it as I can before the halving next month. For now I am planning to continue mining after the halving unless BTC price falls below $5,000 then I may go offline until price can recover. \n\nAll and all, if you are interested in getting into mining be prepared to spend lots of time learning and testing workable methods once you get started. Also be prepared to deal with the noise levels and friends thinking your crazy. BTC mining is much more extensive than plugging in an ASIC and forgetting about it. For most people, purchasing BTC through an exchange is more than sufficient to accumulate BTC. Certainly less of a headache! I will say though that through all the trial and error this year, I am happy with the position I’m in now and think I am at a point where I can manage the miner well and keep it going consistently.', 'https://www.reddit.com/r/Bitcoin/comments/g9e9zj/my_2020_btc_mining_experience/', 'g9e9zj', [['u/lsucadien', 10, '2020-04-28 04:53', 'https://www.reddit.com/r/Bitcoin/comments/g9e9zj/my_2020_btc_mining_experience/fot1ax8/', "Some serious cognitive dissonance in this post. I applaud OP for taking the leap, but I don't see a lot of fruit being born here.", 'g9e9zj'], ['u/theoriginalrude', 42, '2020-04-28 04:59', 'https://www.reddit.com/r/Bitcoin/comments/g9e9zj/my_2020_btc_mining_experience/fot1t96/', 'Buy GPUs to mine shitcoin. Sell shitcoin for BTC. If everything fails at least you can run Crysis.', 'g9e9zj'], ['u/UncoloredShoes', 14, '2020-04-28 05:02', 'https://www.reddit.com/r/Bitcoin/comments/g9e9zj/my_2020_btc_mining_experience/fot24fm/', 'Thanks for the negative post! Glad you don’t believe me! Could really care less about your personal opinion, I am just sharing my experience. Two months of research and considera... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67
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 28, 2020 /BHDis a new cryptocurrency based on the CPoC(Conditioned Proof of Capacity) mechanism. By using hard disk as a consensus participant, it can significantly lower energy consumption and entry barrier, making mining of crypto currency safer, more decentralized and for everyone. BHD generates its unique value through mathematics and code. Compared with Bitcoin's POW mining, cPOC mining saves energy, consumes much less power, has lower noise, no heat, and is anti-ASIC. cPOC-mining-based BHD can realize the original intention of Satoshi Nakamoto, everyone can become a miner. BHD's the global network capacity has reached 1000 Pb, and the equipment value is 400 million USD. BHD is a self-governing community project like Bitcoin, which will allocate more rewards and support to miners who meet the mining conditions. All these changes have done by mathematical formulas and algorithms instead of manual operation. The performance of BHD has attracted a lot of attention. Many believe that this dark horse may lead a revolution in the blockchain industry.\nCompared to an ICO, STOs are seen as lower risk because the securities laws that security tokens have to comply with often enforce transparency and accountability. A security token will also be backed by a real-world asset, which makes it a lot easier to assess whether or not the token is priced fairly in relation to the underlying asset. With pure utility tokens, it can be difficult to assess the true value of a token and whether or not it is priced fairly. STO is good for BHD's adoption in the long-run. STOs are legally compliant, which means they are perceived to be less of a risk and will encourage institutional investors to come on board.\nCONTACT:\nBHDMaster [email protected]\nSOURCE:BHD\nView source version on accesswire.com:https://www.accesswire.com/587528/BitcoinHDBHDs-STO-application-has-been-approved-by-SEC", "NEW YORK, NY / ACCESSWIRE / April 28, 2020 / BHD is a new cryptocurrency based on the CPoC(Conditioned Proof of Capacity) mechanism. By using hard disk as a consensus participant, it can significantly lower energy consumption and entry barrier, making mining of crypto currency safer, more decentralized and for everyone. BHD generates its unique value through mathematics and code. Compared with Bitcoin ' s POW mining, cPOC mining saves energy, consumes much less power, has lower noise, no heat, and is anti-ASIC. cPOC-mining-based BHD can realize the original intention of Satoshi Nakamoto, everyone can become a miner. BHD ' s the global network capacity has reached 1000 Pb, and the equipment value is 400 million USD. BHD is a self-governing community project like Bitcoin, which will allocate more rewards and support to miners who meet the mining conditions. All these changes have done by mathematical formulas and algorithms instead of manual operation. The performance of BHD has attracted a lot of attention. Many believe that this dark horse may lead a revolution in the blockchain industry. Compared to an ICO, STOs are seen as lower risk because the securities laws that security tokens have to comply with often enforce transparency and accountability. A security token will also be backed by a real-world asset, which makes it a lot easier to assess whether or not the token is priced fairly in relation to the underlying asset. With pure utility tokens, it can be difficult to assess the true value of a token and whether or not it is priced fairly. STO is good for BHD ' s adoption in the long-run. STOs are legally compliant, which means they are perceived to be less of a risk and will encourage institutional investors to come on board. CONTACT: BHD Master Bao [email protected] www.btchd.org SOURCE: BHD View source version on accesswire.com: https://www.accesswire.com/587528/BitcoinHDBHDs-STO-application-has-been-approved-by-SEC", "NEW YORK, NY / ACCESSWIRE / April 28, 2020 /BHDis a new cryptocurrency based on the CPoC(Conditioned Proof of Capacity) mechanism. By using hard disk as a consensus participant, it can significantly lower energy consumption and entry barrier, making mining of crypto currency safer, more decentralized and for everyone. BHD generates its unique value through mathematics and code. Compared with Bitcoin's POW mining, cPOC mining saves energy, consumes much less power, has lower noise, no heat, and is anti-ASIC. cPOC-mining-based BHD can realize the original intention of Satoshi Nakamoto, everyone can become a miner. BHD's the global network capacity has reached 1000 Pb, and the equipment value is 400 million USD. BHD is a self-governing community project like Bitcoin, which will allocate more rewards and support to miners who meet the mining conditions. All these changes have done by mathematical formulas and algorithms instead of manual operation. The performance of BHD has attracted a lot of attention. Many believe that this dark horse may lead a revolution in the blockchain industry.\nCompared to an ICO, STOs are seen as lower risk because the securities laws that security tokens have to comply with often enforce transparency and accountability. A security token will also be backed by a real-world asset, which makes it a lot easier to assess whether or not the token is priced fairly in relation to the underlying asset. With pure utility tokens, it can be difficult to assess the true value of a token and whether or not it is priced fairly. STO is good for BHD's adoption in the long-run. STOs are legally compliant, which means they are perceived to be less of a risk and will encourage institutional investors to come on board.\nCONTACT:\nBHDMaster [email protected]\nSOURCE:BHD\nView source version on accesswire.com:https://www.accesswire.com/587528/BitcoinHDBHDs-STO-application-has-been-approved-by-SEC", 'Safety and data protection are major concerns when it comes to the growing use of commercial drones, but blockchain could provide a working solution, according to a recent report by the U.S. Department of Transportation (DoT). The tech report says commercial usage of unmanned aircraft systems (UAS) is becoming increasingly prevalent in today’s society in applications ranging from consumer deliveries to emergency response to transporting medicines and organs for transplant. However, logistics relating to the safe management of swarms of unmanned aerial vehicles (UAV) as well as air traffic management and reliable operations near “high-risk” areas such as crowded areas or airports are proving problematic. That’s where the tracing and tracking of individual drones via the blockchain can make a difference, the DoT says. Related: Chinese City Known for Bitcoin Mining Seeks Blockchain Firms to Burn Excess Hydropower “Blockchain technology is being looked on to deliver a framework that can be used by stakeholders in the commercial drone industry, as it can ensure security and provide for identity management as well as providing a supporting role in aircraft traffic management, UAS conflict management and flight authorization,” according to the report. See also: Drone Data Service to Create Blockchain-Based Black Box In certain instances, blockchain technology could be used to address particular trust and integrity issues when it comes to drone systems, too. Flight data recorders (black boxes), for example, provide data to help investigators understand what a UAV was doing before an incident occurred, similar to those installed in all aircraft in the airline industry. A blockchain-based flight recorder, or “ black box ,” could enable law enforcement to be proactive in monitoring drones’ flight patterns in real time, providing the information to help navigate around a perceived threat or incident. It could also help industry regulators track and review drone flight data to make smarter decisions about the safest route to a particular destination. Story continues Related: How Crypto Professionals Are Staying Sane During Quarantine (Video) The Federal Aviation Industry (FAA) and the National Aeronautics and Space Administration (NASA) have begun leading an industrywide standardization effort for drone traffic management. Since 2018 Boeing has been developing a traffic management system for all drones that use artificial intelligence (AI) and blockchain technology, the report notes. NASA has also proposed a blockchain-based framework for the FAA-mandated automatic dependent surveillance broadcast (ADS-B) system enabling aircraft privacy while guarding against spoofing, denial of service, and other security risk factors. See also: IBM Patents Blockchain to Stop Drones From Stealing Packages While drones show “much promise” across various industries, their automated nature makes trust “a significant issue.” Additionally, the integration of AI into UAS “may require regulations … beyond industry best practices,” according to the report. “Blockchains might be part of successful and effective regulation, ensuring that machines operate in a trustworthy manner through the use of monitoring via a blockchain-protected recording of their activity, the DoT concluded. Related Stories This App Tracks the Impact of Your Donation to Combat Coronavirus Overstock Subsidiary to Put Wyoming County Land Registry on the Blockchain', 'Safety and data protection are major concerns when it comes to the growing use of commercial drones, but blockchain could provide a working solution, according to a recent report by the U.S. Department of Transportation (DoT).\nThe tech reportsays commercial usage of unmanned aircraft systems (UAS) is becoming increasingly prevalent in today’s society in applications ranging from consumer deliveries to emergency response to transporting medicines and organs for transplant.\nHowever, logistics relating to the safe management of swarms of unmanned aerial vehicles (UAV) as well as air traffic management and reliable operations near “high-risk” areas such as crowded areas **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-04-29 **Financial & Commodity Data:** - Gold Closing Price: $1703.40 - Crude Oil Closing Price: $15.06 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $146,501,022,375 - Hash Rate: 115029791.975974 - Transaction Count: 331401.0 - Unique Addresses: 679872.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.26 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Binance has released a white paper detailing a new smart contract blockchain it says offers a high-performance base layer for decentralized apps – but might also be a challenger to Ethereum. The cryptocurrency exchange said Friday the new Binance Smart Chain (BSC) would work as a smart contract layer running parallel to its existing Binance Chain. The new blockchain, it said, would have a new consensus mechanism and would be capable of fast trade executions designed to combine fast confirmation times with strong on-chain governance. Although Binance does not explicitly state BSC would be a rival to Ethereum, and the company stressed to CoinDesk this was not the company’s intent, the white paper hints the new smart contract layer could perform better on several key metrics. Related: Market Wrap: Ether Making Big Gains as Stablecoins Proliferate on Ethereum For one thing, its low latency platform will have faster execution times. For another, its consensus mechanism – a hybrid of EOS’ delegated proof of stake (dPoS) system and a proof of authority (PoA) system – is designed to be more efficient and environmentally friendly than Ethereum’s proof of work (PoW). (It’s worth noting that Ethereum is moving to PoS soon, via an upgrade informally dubbed Ethereum 2.0.) Watch: Vitalik Buterin Explains the New Tech Behind Eth 2.0 Furthermore, in a statement to CoinDesk, a spokesperson said BSC was designed to ensure dapps could scale while still running on a high-performance layer to ensure a “fast and smooth user experience.” That might give an edge over Ethereum, where scalability limitations have sometimes created bottlenecks leading to soaring transaction fees and extended confirmation times. Indeed, popular game CryptoKitties quickly became so popular that it managed to put a strain on the network. Binance, which only moved its token Binance Coin off Ethereum in 2019, denied wants to challenge the original “world computer,” however. Story continues Related: Coinbase Custody Doubles Down on DeFi Governance Options On the contrary, the Binance spokesperson said the two would complement one another in growing the blockchain ecosystem: “The industry needs more high-performance infrastructures, not just one single blockchain.” Binance also wants to make BSC fully compatible with Ethereum. As it says in its white paper, it would give the new smart contract layer direct access to an ecosystem filled with “relatively mature applications and community.” One of the main problems that have beset other smart contract protocols is it can be devilishly difficult to convince existing dapps to move away from Ethereum. The process can be long and complicated: developer teams have to familiarize themselves with a new protocol and codebase. At the end of it, there’s no guarantee existing users will follow them onto the new chain. See also: ‘They Have the Users’: Binance CEO Explains Why He Bought CoinMarketCap But by building a door straight into Ethereum, Binance could be looking to smooth the path making it easier for projects to switch protocols. As the exchange says in its white paper, being fully compatible means “most of the [Ethereum] dApps, ecosystem components, and toolings will work with BSC and require zero or minimum changes.” There have, of course, been other contenders for the mantel of “Ethereum Killer,” but Binance’s innovation may be less the potential high-performance capability of the platform and more that it has minimized the risk for dapps migrating onto a new chain. Maybe BSC’s de facto motto should be: “What have you got to lose?” EDIT (April. 18 , 11:25 UTC ): A previous version of this article said Binance Smart Chain had a matching engine, this has since been corrected. Related Stories Ethereum Now Matches Bitcoin on One Key Metric MakerDAO Users Sue Stablecoin Issuer Following ‘Black Thursday’ Losses... - 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.
8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['DUBAI, UNITED ARAB EMIRATES / ACCESSWIRE / Apirl 30, 2020 /TNC Coin (TNC) joined the cryptocurrency market with a blast.TNCinitially listed on Hotbit, one of the leading exchanges in the industry and is now experiencing bullish price movement. After listing inHotbiton April 2 8-29, 2020, TNC Coin experienced a massive price increase of more than 7500% for the TNC/BTC pair and more than 5000% for the TNC/ETH pair. TNC was featured in Hotbit\'s Top Rising section because of this increase.\nFor typical listing events, crypto projects experience a drop in price as token holders sell their assets as soon as the listing commences. This may be because of the ICO and IEO listing process that crypto projects employ. As a result, massive price drops happen right after their project lists. However, as seen on Hotbit, this is not the case with TNC Coin. Instead of a price drop, the market showed a very promising bullish movement.\nThe TNC listing process is different from normal listing strategies based on ICOs or IEOs. This new way of listing is an integral part of the crypto merger system formulated by TNC IT Group where they merge companies through the world\'s first massiveCrypto M&A.\nAccording to the TNC Coin team, this is only the beginning. TNC Coin is expected to list in 20 more top global crypto exchanges on May 1, 2020. The token is expected to have the same value in the next exchanges as the initial listing price in Hotbit. The TNC Coin team expects more bullish movements as the coin becomes available for trading in more exchanges and more users come in to trade TNC Coins.\nTNC Coin dubs itself on its official website as "The Ultimate Blockchain for the Game Industry." It was first advertised as a blockchain dedicated to the needs of game developers where they can create their own game currency with real crypto value. This way, users can earn crypto as they play. While this was the initial plan, the TNC vision is much greater. According to the TNC Coin CEO Mr. Jason Jang, the mainnet that the TNC team will develop is "beyond what is currently available in the blockchain and crypto market as of now." The mainnet will be scalable and ready for expansion into other industries such as finance, logistics, real estate, and more industries. As the Crypto M&A project goes further, the mainnet will be targeting different industries based on the needs of merger companies.\nTo celebrate TNC\'s success, the TNC Coin team is also giving away 10,000,000 TNC Coins to users who want to participate in theirairdrop event. The team published this airdrop event through the token project\'s official website:www.tnccoin.com.\nMedia contact\nCompany Name: TNC IT Group\nCity, State: Dubai, United Arab Emirates\nContact: Rohit M\nTelephone: +971 561219967\nEmail:[email protected]\nWebsite:https://tncitgroup.com\nSOURCE:TNC IT Group\nView source version on accesswire.com:https://www.accesswire.com/587738/TNC-Coin-Enters-the-Market-with-Massive-Bullish-Price-Movement', 'DUBAI, UNITED ARAB EMIRATES / ACCESSWIRE / Apirl 30, 2020 / TNC Coin (TNC) joined the cryptocurrency market with a blast. TNC initially listed on Hotbit, one of the leading exchanges in the industry and is now experiencing bullish price movement. After listing in Hotbit on April 2 8-29, 2020, TNC Coin experienced a massive price increase of more than 7500% for the TNC/BTC pair and more than 5000% for the TNC/ETH pair. TNC was featured in Hotbit\'s Top Rising section because of this increase. For typical listing events, crypto projects experience a drop in price as token holders sell their assets as soon as the listing commences. This may be because of the ICO and IEO listing process that crypto projects employ. As a result, massive price drops happen right after their project lists. However, as seen on Hotbit, this is not the case with TNC Coin. Instead of a price drop, the market showed a very promising bullish movement. The TNC listing process is different from normal listing strategies based on ICOs or IEOs. This new way of listing is an integral part of the crypto merger system formulated by TNC IT Group where they merge companies through the world\'s first massive Crypto M&A . According to the TNC Coin team, this is only the beginning. TNC Coin is expected to list in 20 more top global crypto exchanges on May 1, 2020. The token is expected to have the same value in the next exchanges as the initial listing price in Hotbit. The TNC Coin team expects more bullish movements as the coin becomes available for trading in more exchanges and more users come in to trade TNC Coins. TNC Coin dubs itself on its official website as "The Ultimate Blockchain for the Game Industry." It was first advertised as a blockchain dedicated to the needs of game developers where they can create their own game currency with real crypto value. This way, users can earn crypto as they play. While this was the initial plan, the TNC vision is much greater. According to the TNC Coin CEO Mr. Jason Jang, the mainnet that the TNC team will develop is "beyond what is currently available in the blockchain and crypto market as of now." The mainnet will be scalable and ready for expansion into other industries such as finance, logistics, real estate, and more industries. As the Crypto M&A project goes further, the mainnet will be targeting different industries based on the needs of merger companies. Story continues To celebrate TNC\'s success, the TNC Coin team is also giving away 10,000,000 TNC Coins to users who want to participate in their airdrop event . The team published this airdrop event through the token project\'s official website: www.tnccoin.com . Media contact Company Name: TNC IT Group City, State: Dubai, United Arab Emirates Contact: Rohit M Telephone: +971 561219967 Email: [email protected] Website: https://tncitgroup.com SOURCE: TNC IT Group View source version on accesswire.com: https://www.accesswire.com/587738/TNC-Coin-Enters-the-Market-with-Massive-Bullish-Price-Movement', '(Bloomberg) --\nApple Inc. and Alphabet Inc.’s Google earlier this month unveiled an ambitious plan to jury-rig billions of smartphones into coronavirus-tracking beacons, hoping to help public-health authorities fight the disease and pave the way to end lockdowns that have crippled the global economy.\nNow, just weeks after the announcement, the program is already facing serious challenges and it’s unclear whether the system will ever be used at a large scale. Persistent concerns about privacy, weak consumer adoption, and the lack of a coordinated government effort on testing could all pose obstacles to the companies’ push. Some governments have already struck out on their own, building systems used by millions without needing Apple and Google’s help.\nThe tech giants’ plan involves updating the software on billions of phones so consumers can use wireless technology to track who they come into contact with. If a person notifies the system that they have Covid-19, people who have been near them -- based on their device’s proximity to others -- would get an alert saying they may be at risk. The plan removes technical problems around interoperability and battery life that were plaguing efforts to build such apps before.\nIt’s one of the most ambitious approaches yet to what’s known as digital contact tracing, a way of using technology to supplement existing systems, which involve health workers manually tracking the disease’s spread. Doctors and other health professionals say that a robust system for keeping tabs on exposure to infected individuals is essential to prevent a resurgence of the pandemic.\nOn Wednesday, the two companies launched updates that will let select developers begin building apps using the tools. A second phase of the project, to be released in the coming months, will have deeper integration with Apple’s iOS and Google’s Android operating systems to rely less on apps.\nThe partnership is unprecedented. Apple and Google are bitter business rivals, and have fought for years to outmaneuver each other in the industries they compete directly in, such as phones and internet browsers, as well as in areas that will unlock the technology of the future, like artificial intelligence. Together, the companies’ phones are used by about a third of the world’s population.\nIn addition to coming together on this project, both companies have donated money and put resources toward other coronavirus-combating initiatives. But the problem may be too big even for the vaunted leaders of the tech industry to conquer.\n“App-based contact tracing is something that has never worked,” said Ross Anderson, a professor of security engineering at the University of Cambridge computer science department in the U.K. “It’s a straw that some people are grasping at out of do-something-itis.”\nAnderson likens the rush to work on contact tracing as similar to other hype-induced tech trends, like artificial intelligence or Bitcoin. It’s worth pointing out that Apple and Google have been eyeing the health-care industry for years, slowly experimenting with ways to push deeper into the lucrative field. Often, they’ve been met with skepticism and questions about privacy safeguards. Winning goodwill with coronavirus projects could help the companies sell health software or devices down the road.\nBut even if you take a less cynical view, there’s only so much Apple and Google can do to help solve the problem. Contact tracing can only ever be part of a broader system that demands intensive and regular testing, something the U.S. so far hasn’t been able to accomplish.\nTesting for Covid-19 needs to become much more accessible so people can know whether they have contracted the disease before they can consider telling an app they’ve got the virus. Even if the Apple-Google system preserves privacy, works accurately and is adopted by enough people, it has to be combined with frequent and widespread testing, as well as expensive manual con **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-04-30 **Financial & Commodity Data:** - Gold Closing Price: $1684.20 - Crude Oil Closing Price: $18.84 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $146,501,022,375 - Hash Rate: 115029791.975974 - Transaction Count: 331401.0 - Unique Addresses: 679872.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.44 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: NEW YORK, NY / ACCESSWIRE / April 2, 2020 /The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders in the following publicly traded companies. Shareholders who purchased shares in the following companies during the dates listed are encouraged to contact the firm regarding possible Lead Plaintiff appointment. Appointment as Lead Plaintiff is not required to partake in any recovery. Tivity Health, Inc. (TVTY) Investors Affected : March 8, 2019 - February 19, 2020 A class action has commenced on behalf of certain shareholders in Tivity Health, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) following the Nutrisystem Acquisition, Tivity's Nutrition segment faced significant operational challenges; (ii) the foregoing would foreseeably have a significant impact on Tivity's revenues; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times. Shareholders may find more information athttps://securitiesclasslaw.com/securities/tivity-health-inc-loss-submission-form/?id=5894&from=1 Canaan Inc. (CAN) Investors Affected : publicly traded securities of Canaan, including its American Depository Shares pursuant and/or traceable to the Company's registration statement and related prospectus issued in connection with the Company's November 20, 2019 initial public offering. A class action has commenced on behalf of certain shareholders in Canaan Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) the purported "strategic cooperation" was actually a transaction with a related party; (2) the company's financial health was worse than what was actually reported; (3) the company had recently removed numerous distributors from its website just prior to the initial public offering, many of which were small or suspicious businesses; and (4) several of the Company's largest Chinese clients in prior years were clients who were not in the Bitcoin mining industry and, thus, would likely not be repeat customers. Shareholders may find more information athttps://securitiesclasslaw.com/securities/canaan-inc-loss-submission-form/?id=5894&from=1 Inovio Pharmaceuticals, Inc. (INO) Investors Affected : February 14, 2020 - March 9, 2020 A class action has commenced on behalf of certain shareholders in Inovio Pharmaceuticals, Inc. According to a filed complaint, throughout the class period, defendants made misleading statements about the company's development of a purported vaccine for the novel coronavirus, artificially inflating the company's share price and resulting in significant investor losses. Shareholders may find more information athttps://securitiesclasslaw.com/securities/inovio-pharmaceuticals-inc-loss-submission-form/?id=5894&from=1 The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a Company lead to artificial inflation of the Company's stock. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT: The Gross Law Firm15 West 38th Street, 12th floorNew York, NY, 10018Email:[email protected]: (212) 537-9430Fax: (833) 862-7770 SOURCE:The Gross Law Firm View source version on accesswire.com:https://www.accesswire.com/583678/The-Gross-Law-Firm-Announces-Class-Actions-on-Behalf-of-Shareholders-of-TVTY-CAN-and-INO... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43
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:** ["LONDON, UNITED KINGDOM / ACCESSWIRE / May 1, 2020 /The concept of blockchain and thus, Bitcoin, came riding on the advantage of the anonymity of transactions, defiance to authority, lack of centralization and overseer authority among other advantages. Cryptocurrencies became popular because their programmers touted them as anonymous. It has, however, emerged that they are not and that transactions undertaken using altcoins can be traced.\nYouTube Tutorial:\nOver time with the increased government scrutiny and unwanted invasion by phishers, users now realize that the cryptocurrency world is not as anonymous as most of them were led to believe.A tech startup called, CryptoMixer is changing all this and giving back cryptocurrency enthusiasts their security and privacy. The start-up provides a cryptocurrency mixing platform that obscures your cryptocurrency transactions, making it hard for anyone to trace your dealings. CryptoMixer reintroduces anonymity by allowing online shoppers that pay using cryptocurrency through addresses that remain anonymous when the user is completing transactions. The shoppers, as such, cannot be associated with the various addresses they use.How Does Coin Mixing Work?\nCoin mixers work by essentially collecting cryptocurrency from the people using cryptocurrency, mixing it with a giant pile of other cryptocurrencies, and then sending them smaller units of cryptocurrency to an address of their preference, with total the amount that you put in minus 1-3%. The 1-3 % is generally taken as a profit by the coin mixing company. This is how they make money.A cryptocurrency mixer (also known as a blender) allows you to spend, store and share cryptocurrencies, without your transactional data becoming public. In short, it makes your financial transactions anonymous in the true sense. It is done by mixing your transactional data with a pool of Bitcoin data. This ensures your data is secure, you have control over your privacy, and no data can be traced back to you, as the link between the sender and the receiver is broken.\nCrypto Mixer: The smart crypto mixing solution\nCryptoMixer is a unique cryptocurrency mixer/blender that ensures your cryptocurrency becomes untraceable, and no link exists between the stakeholders. They have designed different pools of cryptocurrencies based on their sources, with variable fee percentages. This segmentation and differentiation ensure the clean mixing of the currency. The three pools include Standard Pool, Smart Pool, and Stealth Pool. It uses a 'smart code' to avoid the same currencies from reaching a user on multiple occasions.Features of Crypto Mixer Platform\nZero Post-Transaction Logs -CryptoMixer platform keeps transaction logs for only as long as it needs them. The longest period that these logs can remain is 24 hours, otherwise, the platform keeps them only for as long as is necessary to complete a transaction.Full Anonymity -The need for complete anonymity is greater in the online space, and it is only second to the information online prowlers seek. Users that mix cryptocurrency on the platform does not even need to input their information. Instead, only the recipient altcoin address is necessary.Customizable Process -Users can set various parameters as they so choose. You, for instance, can choose the amount of cryptocurrency to mix, the commission to pay for the mixing, and the delay period you prefer.The importance of privacy and security while transacting online cannot be stressed enough. It probably is the reason why platforms like CryptoMixer are timely. The advantages it offers hold the possibility of making crypto mainstream.More details about cryptocurrency mixing and the CryptoMixer platform can be gathered through their official websitehttps://cryptomixer.bz/.\nMedia Details:Contact Person:Luca DeckersCompany Email:[email protected] Website:https://cryptomixer.bz/Address:St. Albans, United Kingdom, NL2 6DWPhone No:+45 6835442978\nSOURCE:CRyptoMixer\nView source version on accesswire.com:https://www.accesswire.com/587841/Proof-CryptoMixer-Review-All-You-Should-Know-About-Bitcoin-Tumbler", "LONDON, UNITED KINGDOM / ACCESSWIRE / May 1, 2020 / The concept of blockchain and thus, Bitcoin, came riding on the advantage of the anonymity of transactions, defiance to authority, lack of centralization and overseer authority among other advantages. Cryptocurrencies became popular because their programmers touted them as anonymous. It has, however, emerged that they are not and that transactions undertaken using altcoins can be traced. YouTube Tutorial: Over time with the increased government scrutiny and unwanted invasion by phishers, users now realize that the cryptocurrency world is not as anonymous as most of them were led to believe. A tech startup called, CryptoMixer is changing all this and giving back cryptocurrency enthusiasts their security and privacy. The start-up provides a cryptocurrency mixing platform that obscures your cryptocurrency transactions, making it hard for anyone to trace your dealings. CryptoMixer reintroduces anonymity by allowing online shoppers that pay using cryptocurrency through addresses that remain anonymous when the user is completing transactions. The shoppers, as such, cannot be associated with the various addresses they use. How Does Coin Mixing Work? Coin mixers work by essentially collecting cryptocurrency from the people using cryptocurrency, mixing it with a giant pile of other cryptocurrencies, and then sending them smaller units of cryptocurrency to an address of their preference, with total the amount that you put in minus 1-3%. The 1-3 % is generally taken as a profit by the coin mixing company. This is how they make money. A cryptocurrency mixer (also known as a blender) allows you to spend, store and share cryptocurrencies, without your transactional data becoming public. In short, it makes your financial transactions anonymous in the true sense. It is done by mixing your transactional data with a pool of Bitcoin data. This ensures your data is secure, you have control over your privacy, and no data can be traced back to you, as the link between the sender and the receiver is broken. Story continues Crypto Mixer: The smart crypto mixing solution CryptoMixer is a unique cryptocurrency mixer/blender that ensures your cryptocurrency becomes untraceable, and no link exists between the stakeholders. They have designed different pools of cryptocurrencies based on their sources, with variable fee percentages. This segmentation and differentiation ensure the clean mixing of the currency. The three pools include Standard Pool, Smart Pool, and Stealth Pool. It uses a 'smart code' to avoid the same currencies from reaching a user on multiple occasions. Features of Crypto Mixer Platform Zero Post-Transaction Logs - CryptoMixer platform keeps transaction logs for only as long as it needs them. The longest period that these logs can remain is 24 hours, otherwise, the platform keeps them only for as long as is necessary to complete a transaction. Full Anonymity - The need for complete anonymity is greater in the online space, and it is only second to the information online prowlers seek. Users that mix cryptocurrency on the platform does not even need to input their information. Instead, only the recipient altcoin address is necessary. Customizable Process - Users can set various parameters as they so choose. You, for instance, can choose the amount of cryptocurrency to mix, the commission to pay for the mixing, and the delay period you prefer. The importance of privacy and security while transacting online cannot be stressed enough. It probably is the reason why platforms like CryptoMixer are timely. The advantages it offers hold the possibility of making crypto mainstream. More details about cryptocurrency mixing and the CryptoMixer platform can be gathered through their official website https://cryptomixer.bz/ . Media Details: Contact Person: Luca Deckers Company Email: [email protected] Company Website: https://cryptomixer.bz/ Address: St. Albans, United Kingdom, NL2 6DW Phone No: +45 6835442978 SOURCE: CRyptoMixer View source version on accesswire.com: https://www.accesswire.com/587841/Proof-CryptoMixer-Review-All-You-Should-Know-About-Bitcoin-Tumbler", "LONDON, UNITED KINGDOM / ACCESSWIRE / May 1, 2020 /The concept of blockchain and thus, Bitcoin, came riding on the advantage of the anonymity of transactions, defiance to authority, lack of centralization and overseer authority among other advantages. Cryptocurrencies became popular because their programmers touted them as anonymous. It has, however, emerged that they are not and that transactions undertaken using altcoins can be traced.\nYouTube Tutorial:\nOver time with the increased government scrutiny and unwanted invasion by phishers, users now realize that the cryptocurrency world is not as anonymous as most of them were led to believe.A tech startup called, CryptoMixer is changing all this and giving back cryptocurrency enthusiasts their security and privacy. The start-up provides a cryptocurrency mixing platform that obscures your cryptocurrency transactions, making it hard for anyone to trace your dealings. CryptoMixer reintroduces anonymity by allowing online shoppers that pay using cryptocurrency through addresses that remain anonymous when the user is completing transactions. The shoppers, as such, cannot be associated with the various addresses they use.How Does Coin Mixing Work?\nCoin mixers work by essentially collecting cryptocurrency from the people using cryptocurrency, mixing it with a giant pile of other cryptocurrencies, and then sending them smaller units of cryptocurrency to an address of their preference, with total the amount that you put in minus 1-3%. The 1-3 % is generally taken as a profit by the coin mixing company. This is how they make money.A cryptocurrency mixer (also known as a blender) allows you to spend, store and **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-05-01 **Financial & Commodity Data:** - Gold Closing Price: $1694.50 - Crude Oil Closing Price: $19.78 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $146,501,022,375 - Hash Rate: 111856556.335257 - Transaction Count: 340574.0 - Unique Addresses: 680654.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.40 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin’s (BTC) upcoming halving – a once-every-four-years reduction in the supply of new units of the cryptocurrency – has got traders, analysts and gawkers abuzz over the potential price impact. German bank BayernLB predicted last year that bitcoin’s halving could drive its price to $90,000 , roughly 12 times the current level. Cryptocurrency markets got a sneak preview on Wednesday as a lesser coin, bitcoin cash (BCH), went through its own halving. Spoiler alert: There wasn’t much to see. Related: First Mover: As Fed Assets Top $6T, BitMEX Has Some Inflation-Busting Advice You’re reading First 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 can subscribe here . “All in all, this has been very anticlimactic,” Denis Vinokourov, head of research at Bequant, a cryptocurrency exchange and institutional brokerage, wrote in an email. Bitcoin cash prices rose 5.9 percent Wednesday, entirely in line with its trading range on most days. Cryptocurrencies have been volatile since long before the coronavirus hit. Bitcoin climbed 2.3 percent on the day. “In crypto, that’s normal,” Roger Ver, executive chairman of Bitcoin.com and a key proponent of bitcoin cash, said in an audio interview over Telegram from his home in St. Kitts. Related: Profit-Taking Keeps Bitcoin in Tight Range as Fed Reopens Spigot Ver says he hadn’t been expecting much from the event. He’s been around the crypto industry since the early days, and witnessed bitcoin’s halvings in 2012 and 2016. This week’s halving was the first for bitcoin cash, which split off from bitcoin in 2017. “A leap year happens every four years,” Ver said. “Life goes on. Nobody cares. After you’ve been through one leap year, it’s not interesting or exciting anymore.” Story continues The episode offers a dose of reality for crypto-industry newcomers who might be looking forward to something spectacular when bitcoin’s next halving arrives in May. It’s so hotly anticipated that clever web designers have erected pages featuring countdown clocks. As of the latest look, it’ll take place in an estimated 34 days, seven hours and 47 minutes. (On May 13, around 09:25 UTC.) If bitcoin cash’s halving is any guide, there really won’t be much to see. Maybe champagne glasses will clink somewhere, celebrating the passage of another four years of bitcoin’s remarkable existence since it was created in early 2009 atop what is now the world’s largest blockchain network. See CoinDesk Research’s report on the bitcoin halving Bitcoin’s price, currently around $7,300, has climbed 20-fold since the start of 2015, the first full year of historical data from the popular cryptocurrency exchange Coinbase. There were a lot of days between then and now, many of them up, many of them down, and only one of those days in 2016 coincided with a halving. Blockchains like the ones powering bitcoin and bitcoin cash rely on high-speed computer operators and data centers known as “miners,” which collectively process quintillions of computations per second in an effort to maintain and protect the security and integrity of the network. To keep the miners affixed over the long term, according to Ver, “the price only has to double once every four years.” “I’ve always said that the price is the least interesting thing about cryptocurrencies,” Ver said. “The price is just a side effect of the amount of adoption you’re getting in the world.” Four years is quite a span – enough to frustrate investors, analysts and researchers who might prefer to clearly quantify the price impact of past halvings, or of the upcoming halving. Just think back to how much has happened in cryptocurrency markets in the past six months: Chinese President Xi Jinping said the world’s largest economy would “ seize the opportunities ” afforded by blockchain technology. (Bitcoin jumped 12 percent.) The U.S. killed a top Iranian general , threatening to escalate into a war. (Up 10 percent.) The coronavirus came along. (Bitcoin plunged, then recovered , and is now up 2 percent year-to-date.) “The market’s always pricing in everything,” Ver said. With many investors seeing bitcoin as a potential hedge against inflation – a digital and more portable form of gold, as it were – the unprecedented trillions of dollars of coronavirus-related aid and stimulus might ultimately make the halving an afterthought. Unlike the coronavirus, after all, the halving was telegraphed years in advance. Blockware Solutions, which brokers high-speed computers used for cryptocurrency mining, wrote Wednesday in an e-mail that price is “not just supply side economics,” but demand. “Bitcoin has the most robust ecosystem in the blockchain industry, and the fundamentals continuously improve due to the global macro improving sentiment and accelerating demand,” according to the note. The point was that bitcoin watchers shouldn’t draw too many conclusions from bitcoin cash’s halving. Rich Rosenblum, a former managing director of Wall Street firm Goldman Sachs who now oversees markets at the digital-asset trading firm GSR, noted bitcoin cash prices usually trade in sync with bitcoin’s – similar to the way gold and silver prices track, as do oil and gasoline. “The bitcoin halving in a month is going to have more impact on bitcoin cash than the bitcoin cash halving,” he said in a phone interview. Bitcoin cash’s halving took place at 12:19 UTC, when the blockchain network reached block number 630,000. The most immediate impact was also, perhaps, the most visible: The next data block took nearly two hours to close, well beyond the average of about 10 minutes. According to Ver, that probably happened because miners reallocated their computational power toward suddenly more profitable blockchains like Bitcoin and Bitcoin SV. The Bitcoin Cash protocol has a feature that automatically adjusts the difficulty of mining a new data block when there’s a sudden scarcity of miners; the mechanism is designed to lure some back. Block 630,001 took just 16 minutes to close, the data show. Just like adding an extra day to the calendar every four years, these halvings have to happen to make everything work right. So when bitcoin’s halving comes, will it be time to pop the champagne? Why not. Will it be entertaining? Better have YouTube queued up, just in case. Tweet of the day Bitcoin watch BTC : Price: $7,327 ( BPI ) | 24-Hr High: $7,399 | 24-Hr Low: $7,210 Trend : Bitcoin has found acceptance above the three-day 200-candle average and looks set to extend the ongoing rally toward $8,000. That would bring prices back to a level seen ahead of the massive sell-off on March 12. The cryptocurrency is changing hands near $7,312 at press time, while the long-term average is now located at $7,093. As seen on the three-day chart, the bulls repeatedly failed to keep gains above the crucial average in the three weeks to April 5, before flipping the hurdle into support during in the last few days. The breakout may prompt more buyers to join the market, leading to stronger price gains. Supporting the bullish case is the three-day chart MACD histogram’s crossover above zero, a confirmation of bearish-to-bullish trend change. The bullish case would be neutralized if the spot price drops below $7,050, violating the ascending trendline connecting the March 13 and March 30 lows. First Mover is CoinDesk’s daily markets newsletter. You can subscribe here . Related Stories Blockchain Bites: Canaan and Galaxy Digital Report Losses, Fold Joins Visa and Indian Exchange Volume Skyrockets What’s Next for Bitcoin After March’s Crash – CoinDesk Quarterly Review... - Reddit Posts (Sample): [['u/-SPM-', 'What’s with the uTorrent hate?', 20, '2020-05-01 03:21', 'https://www.reddit.com/r/torrents/comments/gb8sxc/whats_with_the_utorrent_hate/', 'I know how they used to bundle the bitcoin miner a few years ago, but other then that, is that the only reason why people on this sub hate uTorrent so much? I’ve tried a few different clients other then uTorrent, such as qBitorrent, tixati, and bitlord, but none of those were able to reach the speeds I got on uTorrent, even after tinkering with the settings.', 'https://www.reddit.com/r/torrents/comments/gb8sxc/whats_with_the_utorrent_hate/', 'gb8sxc', [['u/ShinobiTenzen', 49, '2020-05-01 03:31', 'https://www.reddit.com/r/torrents/comments/gb8sxc/whats_with_the_utorrent_hate/fp4dgzp/', 'That is reason enough.\n\nWhat a fkn punk.', 'gb8sxc'], ['u/Zeokat', 12, '2020-05-01 03:49', 'https://www.reddit.com/r/torrents/comments/gb8sxc/whats_with_the_utorrent_hate/fp4f7he/', 'Well... nowadays has no sense use uTorrent, because some of the alternatives that you pointed are better than uTorrent and Opensource. If your speed is poor downloading torrents is maybe because the torrent you are downloading lack of peers. No more, no less...', 'gb8sxc'], ['u/magkliarn', 70, '2020-05-01 03:56', 'https://www.reddit.com/r/torrents/comments/gb8sxc/whats_with_the_utorrent_hate/fp4fy97/', 'The reason I stopped using it was because they took it from being a lightweight client, to the very thing they were trying to combat in the first place - a feature crammed hodgepodge of a bloatware.', 'gb8sxc'], ['u/GoombahJudd', 19, '2020-05-01 04:49', 'https://www.reddit.com/r/torrents/comments/gb8sxc/whats_with_the_utorrent_hate/fp4l24o/', 'I’ve used them all. 2.2.1 is what I use now. (Again). Easiest and best for what I do.', 'gb8sxc'], ['u/ShinobiTenzen', 33, '2020-05-01 05:58', 'https://www.reddit.com/r/torrents/comments/gb8sxc/whats_with_the_utorrent_hate/fp4rebg/', 'Not you bro. The clown who ruined it by using your computer resources to help him farm bitcoins. Fuck him.', 'gb8sxc'], ['u/-SPM-', 12, '2020-05-01 05:59', 'https://www.reddit.com/r/torrents/comments/gb8sxc/whats_with_the_utorrent_hate/fp4rg1a/', 'Oh lol I misunderstood sorry', 'gb8sxc'], ['u/Electron_Microscope', 28, '2020-05-01 06:10', 'https://www.reddit.com/r/torrents/comments/gb8sxc/whats_with_the_utorrent_hate/fp4shri/', "You really have to divide uTorrent into 3.x and pre-3.x to get a sense of why they dont like uTorrent as a brand.\n\n3.x was designed to be commercialised after it was sold off. They made many bad decisions and failed to focus on what made 2.x great.\n\n3.x is a mess compared to 2.x and I dont think anyone would disagree.\n\nThe big problem the haters seem to have with 2.x, mainly 2.2.1 since most hardcore uTorrent users use it, is that old equals bad.\n\nIt is old therefore it *must* have active exploits, but of course there are none known (and uTorrent 2.2.1 has beaten at least three absurdly critical failures that the more modern clients including 3.x have had thanks to 2.2.1's excellent design).\n\nThe thread in r/piracy is an example of this. You get linked old exploits that were fixed well before 2.2.1 (and were really just potential crashes anyway, not actual exploits) and you get linked the json-rpc issue that never actually worked on uTorrent 2.2.1 and never crashed 2.2.1 either.\n\nIn the case of 3.x it should be shunned but 2.2.1 works better than anything. There are clients that use slightly less resources, cli based ones, but most use far more; none of the other clients is as fast as uTorrent 2.2.1 in connecting to swarms or reaching top speed or sustaining top speed and the cli clients are smashed by uTorrent 2.2.1's speed.\n\nThat last point is one you can test for yourself. Download a test torrent or a linux distro with 2.2.1 then try one of the other clients they like. See which is faster.\n\nI think this is what they hate most. The fact that you can say to them 'go test for yourself to see which is faster' and we all know before they do those tests that uTorrent 2.2.1 is going to win. :)\n\n> Edit: what’s with all the people downvoting but not replying\n\nlol, I usually get lots of downvotes when I defend 2.2.1 and laugh at how qBit et al had all these vulnerabilities that were shockingly bad.\n\nThey usually dont bother posting arguments as they dont have any.", 'gb8sxc'], ['u/EdwardAlphonse31011', 15, '2020-05-01 07:44', 'https://www.reddit.com/r/torrents/comments/gb8sxc/whats_with_the_utorrent_hate/fp4zquk/', "For me it's literally the Bitcoin farming **malware** . I can't comment on the functionality of uTorrent but I absolutely do not trust the people making it", 'gb8sxc'], ['u/winleskey', 20, '2020-05-01 12:23', 'https://www.reddit.com/r/torrents/comments/gb8sxc/whats_with_the_utorrent_hate/fp5gk34/', 'qbittorrent', 'gb8sxc']]], ['u/AutoModerator', '[Daily Discussion] Friday, May 01, 2020', 59, '2020-05-01 06:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/gbb857/daily_discussion_friday_may_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 & 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/gbb857/daily_discussion_friday_may_01_2020/', 'gbb857', [['u/RetardIdiotTrader', 11, '2020-05-01 06:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/gbb857/daily_discussion_friday_may_01_2020/fp4tuh3/', 'If you leave tomorrow forever no ones going to miss you', 'gbb857'], ['u/Just_Bid', 16, '2020-05-01 06:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/gbb857/daily_discussion_friday_may_01_2020/fp4uwpw/', "you are the biggest loser on this sub. all i can remember from u are posts such as 'im poor i will 100x my account ' i dont know what im doing i will 50x my account 'i am convinced it will go X i will 75x my account'\n\nget a life, stop being poor and figure shit out you dumb fuck.", 'gbb857'], ['u/ARRRBEEE', 13, '2020-05-01 11:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/gbb857/daily_discussion_friday_may_01_2020/fp5d29o/', '> "The ongoing pressure from negative interest rates makes it necessary for Deutsche Bank to charge custody fees for new accounts exceeding €100,000 starting May 18, 2020."\n\nKeep shorting it, boys. :P', 'gbb857'], ['u/ChrisMrShowbiz', 38, '2020-05-01 11:24', 'https://www.reddit.com/r/BitcoinMarkets/comments/gbb857/daily_discussion_friday_may_01_2020/fp5d9vr/', 'So we lost wardser to a prick mod who doesn\'t even have the balls to post in the daily. And now village idiot Chile8888 is using the daily as his personal shithouse and mods are like "sure, that\'s fine".\n\nGod this sub is a clusterfuck.', 'gbb857'], ['u/ChrisMrShowbiz', 16, '2020-05-01 11:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/gbb857/daily_discussion_friday_may_01_2020/fp5dyy7/', "You're not seeing the big picture: every bank is going to need doing this sooner or later because it's just too expensive to not spend money right now. Reason being there is an excessive amount of it circulating and banks receive large fines for storing it at the central bank.\n\nThis is basically the bankruptcy of current monetary policy and makes a really compelling case for Bitcoin.", 'gbb857'], ['u/buzzardsgutsman', 12, '2020-05-01 11:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/gbb857/daily_discussion_friday_may_01_2020/fp5f118/', 'With stocks all turning red today, we are holding really well', 'gbb857'], ['u/krom1985', 13, '2020-05-01 12:19', 'https://www.reddit.com/r/BitcoinMarkets/comments/gbb857/daily_discussion_friday_may_01_2020/fp5gc14/', 'Looks like a strong 12hr candle, a powerful 12hr candle.', 'gbb857'], ['u/buzzardsgutsman', 24, '2020-05-01 12:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/gbb857/daily_discussion_friday_may_01_2020/fp5gk8m/', 'The best candle, tremendous candle', 'gbb857'], ['u/Joloffe', 20, '2020-05-01 13:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/gbb857/daily_discussion_friday_may_01_2020/fp5kwne/', 'Anyone shorting a hypervolatile asset like bitcoin less than two weeks from the halving, 2.5 years into a bear market after a huge high volume reversal is brave :-)', 'gbb857'], ['u/2-75rnger', 11, '2020-05-01 13:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/gbb857/daily_discussion_friday_may_01_2020/fp5mb5b/', 'If you’re going to short why not wait till it’s 10K-12K when the real volatility always kicks in and 500-1000 dollar swings are the order of the day? These young grasshoppers have no patience these days.', 'gbb857'], ['u/ChrisMrShowbiz', 10, '2020-05-01 14:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/gbb857/daily_discussion_friday_may_01_2020/fp5o0ee/', "Fastest way to get rich, what's the worst that can happen?", 'gbb857'], ['u/blizworthy', 14, '2020-05-01 14:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/gbb857/daily_discussion_friday_may_01_2020/fp5oqbb/... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80
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:** ["California - The coronavirus epidemic is taking its toll on global financial markets. Last month, the stock market had its worst day since 1987, as the virus started bringing the economy to a screeching halt. Also Read | 'Sharmik special train' Carrying 839 Migrant Workers Departs from Nashik Road Railway Station for Lucknow: Coronavirus Tracker Live News Updates on May 2, 2020 The market has been highly erratic, as experts continue to debate the long-term economic impact of the pandemic. The good news is that there are still some promising investment opportunities. Investors may need to consider alternative investments instead of relying solely on equities, bonds, and other traditional assets. Alternative asset classes for the coronavirus epidemic Also Read | CRPF Camp in East Delhi Reports More COVID-19 Cases as 68 Jawans Test Positive, Total Tally in CRPF Reaches 127 While the coronavirus has created substantial uncertainty in the major financial markets, markets for other assets have been far more stable. Three alternative assets emerged as asset classes that tend to perform well when equities markets are struggling; this is what was found: Fine wine High-quality wine is one of the most promising alternative investments. The secondary wine market is currently worth $5 billion and is growing rapidly . According to the graph below, fine-wine stands head and shoulders above most mainstream assets. This data shows that the rate of return for wine investors is 110% higher than S&P 500 index investors since 1988. The average rate of return isn’t the only reason to consider investing in wine over equities and other traditional financial assets–ambitious investors have far more opportunities to beat the market. The market for most traditional assets is typically efficient because so many assets are bought and sold every day that the markets are open, and information is available nearly instantaneously. On the other hand, wine investors can identify unique trading opportunities by doing their due diligence. Story continues How to Invest in Wine Many people looking to add wine to their investment portfolios find that Vinovest is the easiest way to gain exposure to this alternative asset. Vinovest allows users to buy/sell fine-wine and even stores the wine for these users so that they do not need to worry about having the proper temperature-controlled facilitate to guarantee the wine ages well. Vinovest even allows its users to withdraw the wine they bought if they wish to drink it, and can send the wine directly to the user’s house! Gold Gold is often called a safe-haven asset because it stays relatively stable during times of economic turmoil. That being said, gold is an excellent hedge against the risks of an economic downturn. One study found that it exhibits many characteristics of zero-beta assets , which means that it has about the same level of risk as treasury bills. In other words, it is one of the safest investments that you can make. How to Invest in Gold When it comes to adding gold to your investment portfolio, there are several approaches you can take. Buying physical gold in the form of gold bars and gold coins is often the best way to gain exposure to gold. However, it is not as liquid as investing in a gold stock like a gold ETF. Bitcoin Cryptocurrencies are another alternative investment worth looking into. Bitcoin is often called digital gold because it has a finite supply–only 21,000,000 will ever exist–and is a deflationary currency. This means that as Bitcoin’s supply approaches its supply cap and as the U.S government prints more U.S dollars, that Bitcoin should become more valuable; this is because it is scarce, and because it is valued in USD, as the USD becomes worth-less as more of it is being printed. How to Invest in Cryptocurrency The easiest way to invest in cryptocurrency and own the digital asset yourself is through Coinbase. Coinbase is a digital currency exchange that allows you to buy/sell and hold many different cryptocurrencies. If you are just looking for price exposure to cryptocurrency and are not interested in holding and managing the digital assets yourself, Robinhood is a great option. Robinhood will give you price exposure to Bitcoin without requiring you to set up a cryptocurrency wallet that is capable of safely storing Bitcoin. When Will the Economy Get Better? The future of the economy is highly uncertain. Many experts believe that some form of social isolation will need to continue for at least 12-18 months. That being said, investors should hedge against this uncertainty by leveraging alternative assets like fine-wine, gold, and cryptocurrency.", "California - The coronavirus epidemic is taking its toll on global financial markets. Last month, the stock market had its worst day since 1987, as the virus started bringing the economy to a screeching halt. Also Read | 'Sharmik special train' Carrying 839 Migrant Workers Departs from Nashik Road Railway Station for Lucknow: Coronavirus Tracker Live News Updates on May 2, 2020 The market has been highly erratic, as experts continue to debate the long-term economic impact of the pandemic. The good news is that there are still some promising investment opportunities. Investors may need to consider alternative investments instead of relying solely on equities, bonds, and other traditional assets. Alternative asset classes for the coronavirus epidemic Also Read | CRPF Camp in East Delhi Reports More COVID-19 Cases as 68 Jawans Test Positive, Total Tally in CRPF Reaches 127 While the coronavirus has created substantial uncertainty in the major financial markets, markets for other assets have been far more stable. Three alternative assets emerged as asset classes that tend to perform well when equities markets are struggling; this is what was found: Fine wine High-quality wine is one of the most promising alternative investments. The secondary wine market is currently worth $5 billion and is growing rapidly . According to the graph below, fine-wine stands head and shoulders above most mainstream assets. This data shows that the rate of return for wine investors is 110% higher than S&P 500 index investors since 1988. The average rate of return isn’t the only reason to consider investing in wine over equities and other traditional financial assets–ambitious investors have far more opportunities to beat the market. The market for most traditional assets is typically efficient because so many assets are bought and sold every day that the markets are open, and information is available nearly instantaneously. On the other hand, wine investors can identify unique trading opportunities by doing their due diligence. Story continues How to Invest in Wine Many people looking to add wine to their investment portfolios find that Vinovest is the easiest way to gain exposure to this alternative asset. Vinovest allows users to buy/sell fine-wine and even stores the wine for these users so that they do not need to worry about having the proper temperature-controlled facilitate to guarantee the wine ages well. Vinovest even allows its users to withdraw the wine they bought if they wish to drink it, and can send the wine directly to the user’s house! Gold Gold is often called a safe-haven asset because it stays relatively stable during times of economic turmoil. That being said, gold is an excellent hedge against the risks of an economic downturn. One study found that it exhibits many characteristics of zero-beta assets , which means that it has about the same level of risk as treasury bills. In other words, it is one of the safest investments that you can make. How to Invest in Gold When it comes to adding gold to your investment portfolio, there are several approaches you can take. Buying physical gold in the form of gold bars and gold coins is often the best way to gain exposure to gold. However, it is not as liquid as investing in a gold stock like a gold ETF. Bitcoin Cryptocurrencies are another alternative investment worth looking into. Bitcoin is often called digital gold because it has a finite supply–only 21,000,000 will ever exist–and is a deflationary currency. This means that as Bitcoin’s supply approaches its supply cap and as the U.S government prints more U.S dollars, that Bitcoin should become more valuable; this is because it is scarce, and because it is valued in USD, as the USD becomes worth-less as more of it is being printed. How to Invest in Cryptocurrency The easiest way to invest in cryptocurrency and own the digital asset yourself is through Coinbase. Coinbase is a digital currency exchange that allows you to buy/sell and hold many different cryptocurrencies. If you are just looking for price exposure to cryptocurrency and are not interested in holding and managing the digital assets yourself, Robinhood is a great option. Robinhood will give you price exposure to Bitcoin without requiring you to set up a cryptocurrency wallet that is capable of safely storing Bitcoin. When Will the Economy Get Better? The future of the economy is highly uncertain. Many experts believe that some form of social isolation will need to continue for at least 12-18 months. That being said, investors should hedge against this uncertainty by leveraging alternative assets like fine-wine, gold, and cryptocurrency.", 'Max Raskin is an adjunct professor of law at New York University . A bipartisan group of U.S. congressmen wrote Treasury Secretary Steven Mnuchin last week, urging him to consider the use of blockchain technology in administering the federal government\x92s coronavirus response. This comes just a month after Democrats in the House and Senate proposed bills that would allow individuals to hold checking accounts directly with Federal Reserve banks. Such accounts have been referred to as \x93digital dollars,\x94 and such plans aim to both stimulate the economy with direct cash injections and bank the unbanked. Related: The Stablecoin S **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-05-02 **Financial & Commodity Data:** - Gold Closing Price: $1694.50 - Crude Oil Closing Price: $19.78 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $146,501,022,375 - Hash Rate: 111856556.335257 - Transaction Count: 340574.0 - Unique Addresses: 680654.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.40 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Screen time around the world is way, way up , which has led to a relative surge in a small corner of the cryptocurrency space, its more casual and entertaining one. The irony here is bitcoin (BTC) was born from an economic downturn, and most diehards would have thought this would be crypto’s time to shine. And yet, as a financial asset, the top cryptocurrencies have not done well at all in recent months . In fact, crypto appears to be retreating into stablecoins . And while the HODLing set has generally pinned little hope on crypto’s games and toys, they seem to be the first facet of the industry to see a silver lining in what otherwise looks to be an economic catastrophe. Messaging Related: Coronavirus Second Order Effects and Improving on Bitcoin With BitTorrent Creator Bram Cohen Status raised a reported $107 million in a 2017 initial coin offering (ICO) in order to build a crypto-powered answer to WhatsApp with a built-in Ethereum wallet. The Crypto Winter of 2018 hit Status hard, however, forcing the startup to let go of 25 percent of its staff in December of that year . Things now seem to be looking up for the chat app. “With the rise of government surveillance increasing across the globe as an effort to curb the spread of COVID-19, we suspect people are turning to privacy preserving tools like ours,” Status marketing chief Jonathan Zerah told CoinDesk in an email. The company released version 1.0 in mid-February, though earlier alpha and beta versions had been out since February 2017. Related: How Blockchain Tech Can Make Coronavirus Relief More Effective “Status has seen an increase in both installs of the mobile application as well as active peers in the messaging network,” Zerah wrote. “Around March 17 (just over one month after the initial release of v1.0) we noticed a ~50 percent increase in daily installs from the previous day.” Kin ecosystem Kin is a blockchain that arose from a messaging app, Kik. It has since sold off that asset and the company is now running entirely on making its fork of Stellar into the most popular blockchain in the world. Story continues The whole focus of this blockchain is putting micropayments inside the fun, time-wasting activities that made things like Instagram and Pinterest into behemoths. Kin says it had over two million spenders in March. That means people earned kin tokens in one of the network’s 50 or so apps, basically always spending them in the same place. In fact, Kin’s Kevin Ricoy told CoinDesk the firm was on track to see three million spenders by March 31. This surfeit of attention has proven to be an opportunity for social applications in the Kin ecosystem. MadLipz is an app that lets users take a clip from any sort of video and easily dub a voiceover on it, usually intended for comic effect. Amir Alikhanzadeh, MadLipz CEO, told CoinDesk, “It’s not always about just the entertainment value. Humor is a powerful tool to indirectly vent about conditions and situations that people face.” MadLipz has also opened up a virus-specific channel. The app saw a 42 percent jump in weekly active users for the week of March 15 versus the week of March 8, to 615,000 weekly users. Further, people were spending 14 minutes per session on the app versus 11 minutes before. Notably, the team has seen disproportionate spikes in usage in countries just after lockdowns have been announced, which has also led to a big overall spike in new users. Another big Kin app, Rave , which allows users to consume media together and chat about it in real-time has also seen an uptick in usage. “We’ve gone from around a million MAU [monthly active users] to multiple million MAU,” Rave CEO Michael Pazaratz told CoinDesk in an email. Users spend an average of 45 minutes in the app per session, Pazaratz said (because they do things such as syncing up a TV show or movie with a friend located elsewhere). Apps like MadLipz and Rave plug into Kin because the blockchain rewards apps that drive the most crypto-economic activity each day via its Kin Rewards Engine. App creators can then sell that kin to fund their operations. However, crypto earned by users in kin apps still can’t be taken out and used elsewhere, though the team promises that day is coming. Games The boon to games has not been limited to mainstream titles. Games with crypto at their core but mainstream appeal have also seen strong gains. War Riders , a sort of Mad Max adventure that uses non-fungible tokens (NFTs) to give users game access, also has its own currency token called benzene. “We’ve been seeing about 70 percent jump in new users and average time spent in the game increased drastically,” Vlad Kartashov, CEO of Carfied, the company behind War Riders, told CoinDesk. War Riders is free to play, sort of. It requires an NFT representing one of the vehicles to access the game. The company decided to run a promotion last weekend to hook interested users, giving away free war vans to people curious about trying the game. Over 300 people picked up a free van and there’s another similar promotion coming soon. For context, the least expensive War Riders vehicle sells for about $5 in ETH on OpenSea right now. Others sell for hundreds of ETH, however. Lucid Sight is a game company that has worked very hard to appeal to the mainstream market without making its crypto elements too obvious. It has brought Star Trek and Major League Baseball to the blockchain, primarily relying on NFT technology to give users who care about these things true ownership. Lucid Sight CEO sent CoinDesk data on its space game, CSC, which incorporates “Star Trek”-themed spaceships among many many others. They are seeing more players at a time and people are playing far longer. Session times are up to 60 minutes, from 20 minutes before the COVID-19 crisis. Further, a lot more spaceships are selling. The market cap for CSC in-game items is up $10 million. Lucid Sight has seen 70 percent more sales over the month, as well, to 60 million items. Virtual worlds In a corner of the crypto world that’s part game, part social network, there is Cryptovoxels , a very indie sort of Sim City experience, led by Ben Nolan. “We were seeing concurrency of five to 10 logged in users before lockdown and an average of 40 to 50 now,” Nolan told CoinDesk. Two community leaders in Cryptovoxels decided to put the call out for a virtual reality party dubbed “Get Out While You Stay In.” Forty to 50 people were hanging out virtually and artists in the community made special works to decorate the common space. “We had to do a bunch of work to get the world to scale OK to the event, but I think it went down pretty well,” Nolan said. Related Stories Binance Donated $2.4M in Coronavirus Medical Supplies; CZ Pledges More Ether-Bitcoin Price Volatility Spread Hits 4-Month Low... - Reddit Posts (Sample): [['u/[deleted]', "Will DGB and other cryptos decrease in value after BTC's halving?", 13, '2020-05-02 01:12', 'https://www.reddit.com/r/Digibyte/comments/gbsn5p/will_dgb_and_other_cryptos_decrease_in_value/', "Bitcoin is supposed to half in less than two weeks from now. How will other cryptos react? I feel like it will increase the value of BTC and lower the value of other cryptos (at least temporarily). Let me know what you guys think. \n\n\nMy end goal is to purchase DGB and hold it for a long time. I'm not in a rush, so I guess I can wait until the BTC halving and see what happens. Buying DGB at $0.016 vs $0.010 is a huge difference, though. Even if DGB increases, I wouldn't necessarily mind purchasing at $0.02.", 'https://www.reddit.com/r/Digibyte/comments/gbsn5p/will_dgb_and_other_cryptos_decrease_in_value/', 'gbsn5p', [['u/TeslaCrytpo', 11, '2020-05-02 01:37', 'https://www.reddit.com/r/Digibyte/comments/gbsn5p/will_dgb_and_other_cryptos_decrease_in_value/fp7rdve/', "From an engineering viewpoint, the power of Digibyte is it's robustness, versatility, and quick ability to morph itself (such as the ProgPow change) and this just does not seem to be in any other blockchain . . . . I see Digi becoming somewhat decoupled from BTC as time evolves. I think of DGB as a platform that had it's genesis as UTXO, but is now a true platform. What is the price of robustness ?", 'gbsn5p']]], ['u/slvbtc', 'Take a step back and realise how big a deal bitcoin actually is...', 102, '2020-05-02 04:12', 'https://www.reddit.com/r/Bitcoin/comments/gbxxil/take_a_step_back_and_realise_how_big_a_deal/', "5000 years ago the world converged on using gold as our chosen form of money, then we used gold backed currency, then we were duped into fiat for a while. But now after 5000 years of using gold as our chosen monetary medium we are moving to a new form of money.\n\nWhat we are living through now has not happened in 5000 years, It's a watershed moment in history.\n\nIt's not a once in a generation opportunity or a once in a lifetime opportunity, it is literally a once in a civilization opportunity.", 'https://www.reddit.com/r/Bitcoin/comments/gbxxil/take_a_step_back_and_realise_how_big_a_deal/', 'gbxxil', [['u/educateyourselfsilly', 22, '2020-05-02 04:16', 'https://www.reddit.com/r/Bitcoin/comments/gbxxil/take_a_step_back_and_realise_how_big_a_deal/fp87xom/', "actually we never stopped using gold, and we'll continue using it. the farce of fiat currency has always been a lie told to us by govts so they can convince us to give up the gold. bitcoin is a digital network solution. gold isn't going anywhere.", 'gbxxil'], ['u/n8dahwgg', 23, '2020-05-02 05:00', 'https://www.reddit.com/r/Bitcoin/comments/gbxxil/take_a_step_back_and_realise_how_big_a_deal/fp8buuv/', "It's pretty mind-blowing when you put things into perspective", 'gbxxil'], ['u/proof_in_pudding', 12, '2020-05-02 05:05', 'https://www.reddit.com/r/Bitcoin/comments/gbxxil/take_a_step_back_and_realise_how_big_a_deal/fp8c93t/', 'Good point. Gold is always going to be valuable. Cryptocurrency just solves the problem of government fiat and banks.', 'gbxxil'], ['u/Spartacus_Nakamoto', 14, '2020-05-02 05:42', 'https://www.reddit.com/r/Bitcoin/comments/gbxxil/take_a_step_back_and_realise_how_big_a_deal/fp8ffie/', 'Bitcoin is eventually going to eat all of gold’s value. \n\nBitcoin’s rate of inflation approaches 0, gold inflates at 1-3%. Given enough time, bitcoin eats all of gold’s value. It’s a question of how long it takes the market to realize that. To OP’s point, this is a watershed moment in history.', 'gbxxil']]], ['u/AutoModerator', '[Daily Discussion] Saturday, May 02, 2020', 58, '2020-05-02 06:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/gc02d6/daily_discussion_saturday_may_02_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/gc02d6/daily_discussion_saturday_may_02_2020/', 'gc02d6', [['u/fatebound', 10, '2020-05-02 06:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/gc02d6/daily_discussion_saturday_may_02_2020/fp8i9p3/', 'Added to position, this looks good. Once stock markets flip green this could get bullish quickly.', 'gc02d6'], ['u/GenghisKhanSpermShot', 14, '2020-05-02 06:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/gc02d6/daily_discussion_saturday_may_02_2020/fp8ktoo/', "I'm thinking the stock market is about to shit the bed and crypto is going to be like the dotcom bust where BTC will be like Amazon. So it's all going to be fucked shorterm, but there will be once in a lifetime opportunities longterm, buckle up, shits going to get interesting soon.", 'gc02d6'], ['u/ManyArtichoke', 11, '2020-05-02 06:51', 'https://www.reddit.com/r/BitcoinMarkets/comments/gc02d6/daily_discussion_saturday_may_02_2020/fp8kzx4/', 'For anyone who missed it, Elon Musk responded with a laughing emoji to a tweet by @Bitcoin saying "Bitcoin price is too low imo" in response to Elon\'s original tweet, "Tesla stock price is too high imo"\n\nElon Musk has spoken positively about Bitcoin in the past. My personal opinion is he just thought the comment was funny and didn\'t use the laughing emoji to mock the idea that Bitcoin\'s price is too low.', 'gc02d6'], ['u/Beastly_Beast', 13, '2020-05-02 07:44', 'https://www.reddit.com/r/BitcoinMarkets/comments/gc02d6/daily_discussion_saturday_may_02_2020/fp8ougf/', 'The bearishness in here makes me feel weirdly bullish. Get ready for *the great decoupling*!', 'gc02d6'], ['u/Joloffe', 11, '2020-05-02 08:44', 'https://www.reddit.com/r/BitcoinMarkets/comments/gc02d6/daily_discussion_saturday_may_02_2020/fp8supz/', 'So up, down or sideways..', 'gc02d6'], ['u/Richyboy33', 20, '2020-05-02 10:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/gc02d6/daily_discussion_saturday_may_02_2020/fp8yl7a/', "Nice little inside bar x3 on the 4 hour at the moment, so pressure is starting to build up nicely.\n\nThe key prices for today if you're watching this little formation (Stamp)\n\n\\- Above 8905 we should be able to retest the 9k region and hopefully higher\n\n\\- Below 8672 and we have a good chance of revisiting the recent low of 8407\n\n​\n\nPositive things, we keep bouncing and finding support off of the Hourly 50EMA. We have done so since the 22nd April having never closed an hourly below it all this time.\n\nOn our recent dip to 8400 we found support on the 4hour 20EMA, a classic move if you want to build those stairs up.\n\nWith volume falling and the formation tightening on the 4hour the decision point should come soon. As it's the weekend i'm a tad worried as a lot of fuckery does seem to happen on the weekend but what can you do. \n\n​\n\nI'll stick my neck out and predict a flash down to the 4hour 20EMA, currently at 8630 followed by a push higher back up to the 8800 region. This would take out some short term traders stops as well as provide us with a 4hourly higher low. We'll see!", 'gc02d6'], ['u/mirel1985', 58, '2020-05-02 11:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/gc02d6/daily_discussion_saturday_may_02_2020/fp91ff9/', 'Susan: "... and now over to Jim for the BTC forecast. "\n\nJim: "Thank you, Susan. Well, it would seem that no one knows shit and people are just mainly masking their biases behind scientific sounding statements written as credible as possible in order to confirm their bias and try to convert other biases too. Emotions are coming in strong and we could see another wave of REKTness over the next days. I would advise to stay the fuck away from daytrading and DCA in with sums you can afford to lose, avoiding all the unnecessary anxiety of trading this bitch. Back to you Susan."\n\nSusan: "Fuck you Jim, I was about to go all in. "\n\nJim: "Fuck you too Susan, you fucking emotionally unstable teen whore."', 'gc02d6'], ['u/Richyboy33', 15, '2020-05-02 12:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/gc02d6/daily_discussion_saturday_may_02_2020/fp94y4s/', 'Update - This 4hour inside bar formation is now wound up tighter than one of my Sasha Grey edging sessions.. explosion incoming', 'gc02d6'], ['u/aaj094', 12, '2020-05-02 13:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/gc02d6/daily_discussion_saturday_may_02_2020/fp97jy0/', 'Your meme has backfired. It has quite literally been the best retainer of value among all assets YTD including gold and the tech large caps.', 'gc02d6'], ['u/Mark0Pollo', 11, '2020-05-02 13:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/gc02d6/daily_discussion_saturday_may_02_2020/fp97zhc/', 'The difference is the ETH foundation cashed out to fund development. Charlie cashed out for lambos.', 'gc02d6'], ['u/Rektoshiraptor', 10, '2020-05-02 13:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/gc02d6/daily_discussion_saturday_may_02_2020/fp98pca/', 'Why not... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48
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 1.81% on Saturday. Following on from a 2.23% gain on Friday, Bitcoin ended the day at $8,982.3 A mixed start to the day saw Bitcoin fall to an early morning intraday low $8,756.2 before making a move. Steering clear of the first major support level at $8,609.53, Bitcoin rallied to a late afternoon intraday high $9,004.0. Falling short of the first major resistance level at $9,053.03, Bitcoin briefly slid to sub-$8,900 levels and into the red. Finding late support, however, Bitcoin broke back through to $8,900 levels to wrap up the day in the green. 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 for the pack on Saturday. Litecoin, Stellar’s Lumen, and Tron’ TRX led the way, with gains of 4.56%, 3.92%, and 3.05% respectively. Bitcoin Cash ABC (+2.27%), EOS (+2.52%), Ethereum (+1.02%), Monero’s XMR (+1.93%), Ripple’s XRP (+2.80%), and Tezos (+1.16%) also found strong support. Binance Coin and Bitcoin Cash SV trailed the back with more modest gains of 0.46% and 0.84% respectively. Following a 7.17% breakout on Friday, Cardano’s ADA slipped by 0.08%, however, to buck the trend on the day. Through the current week, the crypto total market cap rose from a Monday low $220.56bn to a Thursday high $263.29bn. At the time of writing, the total market cap stood at $255.17bn. Bitcoin’s dominance recovered to 64% levels following Wednesday’s breakout before breaking through to 65% levels. At the time of writing, Bitcoin’s dominance stood at 65.6%. 24-hour trading volumes rose from sub-$130bn levels to a Thursday high $253.89bn before sliding back. At the time of writing, 24-hr volumes stood at $145.81bn. This Morning At the time of writing, Bitcoin was up by 1.87% to $9,150.0. A bullish start to the day saw Bitcoin rally from an early morning low $8,944.6 to a high $9,198.0. Story continues Steering clear of the major resistance levels, Bitcoin broke through the first major resistance level at $9,072.13 and second major resistance level at $9,161.97. Elsewhere, it was a bullish start to the day for the majors. Bitcoin Cash ABC (+1.19%), Bitcoin Cash SV (+1.45%), Cardano’s ADA (+1.02%), EOS (+1.50%), Ethereum (+1.53%), and Tezos (+1.08%) led the way early on. For the Bitcoin Day Ahead Bitcoin would need to break back through the second major resistance level at $9,161.07 to bring $9,400 levels back into play. Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $9,198.0. Barring an extended crypto rally, the second major resistance level and resistance at $9,200 would likely pin Bitcoin back on the day. In the event of another breakout, the third major resistance level at $9,409.77 would come into play. Failure to break back through the second major resistance level could see Bitcoin struggle later in the day. A fall back through to sub-$8,920 levels would bring the first major support level at $8,824.33 into play. Barring a crypto meltdown, however, Bitcoin should clear of 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 Form Support of Candlestick Fed Cut Equities Stimulus 86% This Week and Stocks Are Falling Stock Index Hit Resistance and Falls, and Transportation Sector Forms Topping Patterns The Crypto Daily – Movers and Shakers -03/05/20 Natural Gas Weekly Price Forecast – Natural Gas Markets Back and Forth EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 02/05/20', 'Bitcoin rose by 1.81% on Saturday. Following on from a 2.23% gain on Friday, Bitcoin ended the day at $8,982.3 A mixed start to the day saw Bitcoin fall to an early morning intraday low $8,756.2 before making a move. Steering clear of the first major support level at $8,609.53, Bitcoin rallied to a late afternoon intraday high $9,004.0. Falling short of the first major resistance level at $9,053.03, Bitcoin briefly slid to sub-$8,900 levels and into the red. Finding late support, however, Bitcoin broke back through to $8,900 levels to wrap up the day in the green. 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 for the pack on Saturday. Litecoin, Stellar’s Lumen, and Tron’ TRX led the way, with gains of 4.56%, 3.92%, and 3.05% respectively. Bitcoin Cash ABC (+2.27%), EOS (+2.52%), Ethereum (+1.02%), Monero’s XMR (+1.93%), Ripple’s XRP (+2.80%), and Tezos (+1.16%) also found strong support. Binance Coin and Bitcoin Cash SV trailed the back with more modest gains of 0.46% and 0.84% respectively. Following a 7.17% breakout on Friday, Cardano’s ADA slipped by 0.08%, however, to buck the trend on the day. Through the current week, the crypto total market cap rose from a Monday low $220.56bn to a Thursday high $263.29bn. At the time of writing, the total market cap stood at $255.17bn. Bitcoin’s dominance recovered to 64% levels following Wednesday’s breakout before breaking through to 65% levels. At the time of writing, Bitcoin’s dominance stood at 65.6%. 24-hour trading volumes rose from sub-$130bn levels to a Thursday high $253.89bn before sliding back. At the time of writing, 24-hr volumes stood at $145.81bn. This Morning At the time of writing, Bitcoin was up by 1.87% to $9,150.0. A bullish start to the day saw Bitcoin rally from an early morning low $8,944.6 to a high $9,198.0. Story continues Steering clear of the major resistance levels, Bitcoin broke through the first major resistance level at $9,072.13 and second major resistance level at $9,161.97. Elsewhere, it was a bullish start to the day for the majors. Bitcoin Cash ABC (+1.19%), Bitcoin Cash SV (+1.45%), Cardano’s ADA (+1.02%), EOS (+1.50%), Ethereum (+1.53%), and Tezos (+1.08%) led the way early on. For the Bitcoin Day Ahead Bitcoin would need to break back through the second major resistance level at $9,161.07 to bring $9,400 levels back into play. Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $9,198.0. Barring an extended crypto rally, the second major resistance level and resistance at $9,200 would likely pin Bitcoin back on the day. In the event of another breakout, the third major resistance level at $9,409.77 would come into play. Failure to break back through the second major resistance level could see Bitcoin struggle later in the day. A fall back through to sub-$8,920 levels would bring the first major support level at $8,824.33 into play. Barring a crypto meltdown, however, Bitcoin should clear of 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 Form Support of Candlestick Fed Cut Equities Stimulus 86% This Week and Stocks Are Falling Stock Index Hit Resistance and Falls, and Transportation Sector Forms Topping Patterns The Crypto Daily – Movers and Shakers -03/05/20 Natural Gas Weekly Price Forecast – Natural Gas Markets Back and Forth EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 02/05/20', 'Partly, this intense growth was caused by the fact that ESMA enforced new restriction laws on the maximum leverage that EU traders can use (this caused FX brokers to focus on other big markets, like Africa) An average of over $5.1 trillion is traded daily in the Forex market . Though worldwide, there are major forex trading centres which include London, Tokyo, Paris, Sydney, New York, Zurich, Singapore, and Hong Kong. A Forex trading day starts in Australia and ends in New York. The market stays open for 24 hours a day and five and a half days a week. There are specific regulations in countries, continents that oversee the trading of Forex. In some countries, FX trading is restricted and banned while in others, it is fully supported. In this post, our focus is on Africa as we’ll be looking at Forex regulation across the continent. Overview of Forex Trading In Africa Forex trading is a very competitive activity, and in Africa, it is no different. The market has experienced speedy growth over the last two decades as more Africans are being enlightened on what Forex entails. Significantly, the last decade has seen the Forex market go from almost unnoticed to becoming one of the most dynamic industries in the content. This can be attributed to the advent of mobile devices and other technologies. There are about 1.3 million Forex traders in Africa. South Africa and Nigeria lead the way as both countries constitute a large percentage of the total figure. Other countries where Forex trading is gaining ground are Kenya , Egypt, Angola, Namibia, and Tanzania. This has attracted international Forex brokers like IQ Option , IC Markets , XM Forex Trading , ForexTime (FXTM ), and Olymp Trade . With this vast amount of forex traders, it is expected that government financial regulatory bodies will be interested in monitoring trading activities in individual countries. Forex-Friendly African Countries A lot of African countries are Forex-friendly, but there are minor restrictions from the government. Forex can be traded in Nigeria, South Africa, Egypt, Kenya, Namibia, Ivory Coast, and many other African countries. Story continues Whereas Forex trading cannot be said to be legalized in these countries, it also does not break the law. Before a Forex broker can offer Forex trading services to a country’s citizen, it is mostly mandatory to acquire a trading license. Forex-Prohibited African Countries Currently, a complete Forex ban is not placed on a **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-05-03 **Financial & Commodity Data:** - Gold Closing Price: $1694.50 - Crude Oil Closing Price: $19.78 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $146,501,022,375 - Hash Rate: 133275896.910094 - Transaction Count: 281752.0 - Unique Addresses: 553075.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.45 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: 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. 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. BSVis 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. 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’s 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’s 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 sameprofitability issueas those on Bitcoin Cash. Following 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. Related:Bitcoin Cash Undergoes ‘Halving’ 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’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. See also:Bitcoin’s Halving, Explained • Today’s ‘Halving’ May Be Non-Event for Bitcoin Cash Prices • Bitcoin Cash Approaches Milestone With First Halving Expected Wednesday... - 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.
8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99
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:** ['Economic growth figures are starting to trickle in and, as expected, they’re bad. Really bad. This past week the U.S. reported Q1 GDP growth as -4.8%. Italy’s GDP fell -4.5%, Spain came in at -5.2% and France trumped that with a whopping -5.8%. And that’s just warming up – Christine Lagarde, head of the ECB, has warned euro-area GDP could fall by as much as 15% in Q2. And yet stock markets in the U.S. and Europe closed up on the week, in spite of the inevitability the next quarter will be worse still. You’re reading Crypto Long & Short , a newsletter that looks closely at the forces driving cryptocurrency markets. Authored by CoinDesk’s head of research, Noelle Acheson, it goes out every Sunday and offers a recap of the week – with insights and analysis – from a professional investor’s point of view. You can subscribe here . Related: Market Wrap: Bitcoin Dips to $8.8K but Optimism Seen Continuing Ahead of Halving This could be partly due to the concentration of market capitalization – nearly 25% of the S&P 500 market capitalization is from five tech companies, which arguably will do relatively well from more people staying at and working from home. Or, it could be because the stock market has broken all ties with the actual economy. The aforementioned concentration of the S&P 500 is intensifying, fueled by the dominance of passive investing, which means its performance does not reflect that of most of its constituents. And the “ moral hazard ” posed by the government’s willingness to bail out companies in difficulty suspends the need to scrutinize balance sheets and evaluate viability. But reality doesn’t stay suspended forever, no matter how much we wish it would. Eventually the abrupt slowdown of economic activity will feed through to numbers investors can’t ignore, and the current price/earnings (P/E) valuations will start to look absurd. This is where bitcoin comes in. Its underlying technology and monetary system make it one of the few investable assets that is immune to the economic fluctuations we have ahead. Story continues First, its P/E ratios will never look absurd because it doesn’t have any earnings. Nothing to get hit there. Related: First Mover: Capitalism’s Biggest Crisis Isn’t Driving People to Bitcoin – It’s the Volatility Second, its use will not be curtailed by lack of customer mobility – users can transact from anywhere. In fact, logistical constraints could boost interest in bitcoin transactions from those who normally hand over physical cash (although why they would want to if people aren’t moving around is another question). Third, its market valuation is not susceptible to artificial support from governments trying to keep investor (and voter) spirits up. This does not mean bitcoin’s price will keep going up while other prices come down. We saw back in March that when things get bad in markets, bitcoin also suffers. Its price is driven by sentiment. But it is also driven by expectations of future adoption and demand, which are unrelated to the drivers of demand for most other investable assets. In terms of fundamentals, bitcoin has nothing to lose in the upcoming crisis – no income, no debt and its future adoption does not depend on happy and confident consumers. Just the opposite, in fact. The growing awareness of this, combined with heightened media attention due to the upcoming halving , could be one of the reasons behind this week’s recovery. Or perhaps it is being swept along in the wave of inexplicable optimism in traditional markets. Should that turn south, bitcoin is likely to suffer in the sentiment-driven short term. Longer term, however, fundamentals tend to surface, and those that drive bitcoin are radically different from those that drive traditional markets. Talk about marching to your own beat. Not that big a deal One argument in favor of the bitcoin price rallying after the halving is that of supply and demand. Assuming demand is more or less constant (I know, but work with me here), when supply drops the price should go up. Basic economics – you remember that graph from high school, right? After the halving, there will be fewer new bitcoin entering the market every day. Since miners need to sell part of their hard-won new bitcoins to meet expenses, some of the sell pressure comes from miners. If they are selling fewer bitcoins (because they have fewer bitcoins to sell), then there is less supply meeting a constant demand and the equilibrium price moves up. Fine, but one part of this model is already obviously unstable – demand is not constant, not by a long stretch. Even so, there is another overlooked weakness: The dent in sell pressure is negligible. Post-halving, there will be 6.25 fewer new bitcoins entering circulation with every block. Assuming a new block every 10 minutes, that translates to approximately 900 fewer new bitcoins a day. Considering the number of bitcoins transferred on-chain in April was an average of over 270,000 per day, 900 less won’t make much of a difference to the supply curve in that simple basic price equilibrium graph. Any positive halving impact is more likely to come from increased awareness and trader interest resulting from the media attention. The juxtaposition of what is becoming known as a “ quantitative hardening ” against a “quantitative easing,” combined with growing unease about the latter, is likely to transform this media-fueled attention into a lasting interest from investors, analysts and economists. What is unclear is whether any price momentum from the halving would be enough to offset a hit to general sentiment from broader macro concern. As always in investing, one’s individual time horizon is everything. Anyone know what’s going on yet? In spite of a stream of bad news on employment, production and earnings, the S&P 500 had its strongest April since 1987, possibly floating on the stimulus laughing gas. European indices also had a good month, as economies started announcing tentative steps towards opening up their economies and electricity consumption started edging up. As April turned into May, markets started to retreat, perhaps digesting the recent gains and perhaps unnerved by a new anti-China belligerence from the U.S. and earnings warnings from tech companies . Gold continues to play the inflation game but with less enthusiasm and some profit taking – it remains to be seen how it would perform if stocks head south again. And West Texas oil had its first positive week in about a month as confidence gathered around the production cuts, although there could well be more turmoil there as the next futures expiries approach. As you can see in the chart above, bitcoin had a particularly strong month. The jump this week gave bitcoin its best April in years, with data suggesting this rally is largely fueled by U.S. investors, with growth more in spot volumes than derivatives. And a lack of foreign reserves has pushed countries such as Lebanon and Turkey towards currency crises, which remind us that a strong dollar impacts much more than just FX markets. What’s happening in Lebanon , where anti-government protests have turned violent and triggered the closure of the capital’s banks, will become a textbook example of the risks of centralized finance for years to come. (Note: Nothing in this newsletter is investment advice. The author owns small amounts of bitcoin and ether.) Chain links CoinDesk Research has published its first in a series of deep dives into listed crypto companies. We’re starting with Hut 8, one of the largest listed bitcoin miners, and its financials and recent operational shifts reveal some of the hurdles bitcoin miners struggle with in capitalizing their business while maintaining margins. Preston Pysh looks at investment opportunities in a market increasingly manipulated by government printing, predicting that a “break” will be triggered either by social unrest or a natural transition to a different form of money. TAKEAWAY: Preston is not a crypto enthusiast (among other things, he hosts the podcast “We Study Billionaires”), but he is bullish on bitcoin largely as an alternative to an increasingly debased dollar – this makes his take particularly interesting for those managing diversified portfolios, which should be everyone. How many of a project’s contributors have to be hit by a bus for the project to stall? Introducing the “ bus factor ,” a new metric that measures resilience. Really. TAKEAWAY: Actually, it’s a cool concept, intriguingly expanded on here by analyst Hasu. The higher the bus factor (the more widely distributed the code development), the easier a network is to replicate. The lower the bus factor (the more concentrated its control), the greater the risk. A couple of years ago Twitter woke up to a mercifully false rumor that Ethereum creator Vitalik Buterin had been killed in a car accident. (It didn’t involve a bus as far as I know.) The news pushed ether’s price down 15%. These days the impact would probably be different (although please be careful, Vitalik), but the anecdote shows that this is a metric worth watching. The city of Ya’an, in China’s mountainous Sichuan province, is publicly encouraging the blockchain industry to help consume excessive hydroelectricity ahead of the summer rainy season. TAKEAWAY: This highlights how excess energy from hydroelectric and natural gas plants can bring down operating costs for miners, making their sector – crucial to the maintenance of the bitcoin network – more profitable and less vulnerable to price swings and halvings. Bitcoin futures and bitcoin options both had their most active day since the crash on March 12, according to derivatives data provider skew.com. TAKEAWAY: To be honest, I’m not sure what this means, but it feels significant. Coin Metrics presents “ free float supply ,” which adjusts supply measurement by taking out founding tokens and vested tokens, as well as those that are inactive, burned or probably lost. TAKEAWAY: The **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-05-04 **Financial & Commodity Data:** - Gold Closing Price: $1706.90 - Crude Oil Closing Price: $20.39 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $146,501,022,375 - Hash Rate: 133275896.910094 - Transaction Count: 281752.0 - Unique Addresses: 553075.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.44 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Los Angeles, California--(Newsfile Corp. - April 30, 2020) - The Schall Law Firm , a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Canaan Inc. (NASDAQ: CAN) ("Canaan" or "the Company") for violations of the federal securities laws. Investors who purchased the Company's securities pursuant and/or traceable to the Company's initial public offering ("IPO") on or about November 20, 2019, are encouraged to contact the firm before May 4, 2020. If you are a shareholder who suffered a loss, click here to participate . We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com , or by email at [email protected] . The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member. According to the Complaint, the Company made false and misleading statements to the market. Canaan claimed to engage in "strategic cooperation" which was really just a related-party transaction. The Company was in a weaker financial position than it reported. The Company removed many distributors immediately before the IPO, many of which were of dubious quality. Many of the Company's Chinese customers were not in the Bitcoin industry and were therefore not likely to buy its products again. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Canaan, investors suffered damages. Join the case to recover your losses. The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. Story continues This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics. CONTACT: The Schall Law Firm Brian Schall, Esq., www.schallfirm.com Office: 310-301-3335 [email protected] SOURCE: The Schall Law Firm To view the source version of this press release, please visit https://www.newsfilecorp.com/release/55206... - 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.
9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['The collaborative effort between LA Blockchain Summit and Robert "Crypto" Beadles aims to motivate more people to learn about the industry with a free $299 ticket and $100 in Bitcoin. WOODBRIDGE, CA & LOS ANGELES, CA / ACCESSWIRE / May 4, 2020 / Crypto Beadles announces today an exciting new media partnership with the Los Angeles-based fintech venture studio, Draper Goren Holm, and the West Coast\'s largest industry conference and expo, Los Angeles Blockchain Summit, to exercise both party\'s mutual desire to develop greater widespread cryptocurrency and blockchain technology adoption. For a limited time, Crypto Beadles\'s audience can get a free $299 ticket to the summit plus $100 in free Bitcoin by registering. The collaborative effort aims to motivate more crypto and blockchain-interested individuals to dive deeper into the industry by providing fun opportunities to interact, learn, and discover more about the space at Los Angeles Blockchain Summit. "Josef and Alon are outstanding and have built two of the world\'s top blockchain investment conferences; LA Blockchain Summit and Security Token Summit," said Robert Beadles, CEO of Crypto Beadles, President of Monarch, and the creator of the Monarch Wallet. "The Los Angelas Blockchain Summit in October could be one of the biggest and best crypto events to attend this year; you don\'t want to miss it!" The conference returns either online or at the Los Angeles Convention Center on October 6 and 7, 2020, for two full days of insightful educational tracks and fireside chats with the most accomplished, powerful, and astounding list of industry leaders and speakers. Furthermore, the summit is issuing a call for papers to provide top scholars engaged with innovative research, a chance to share their work with thousands. This partnership will allow Crypto Beadles and its subscribers to get exclusive insights emerging from Los Angeles Blockchain Week and allow for extensive exposure to the ever-growing and rapidly maturing blockchain ecosystem in Los Angeles. Even more so, Crypto Beadles\' dedicated listeners can take advantage of bitcoin giveaways, free tickets, and more in light of the summit\'s arrival. "Aside from being one of the best YouTube industry influencers out there, we wanted to collaborate with Crypto Beadles because he pushes such high-quality that welcomes both beginners and advanced crypto enthusiasts. This is critical when trying to achieve widespread crypto and blockchain adoption," says Josef Holm, Founding Partner at Draper Goren Holm and Co-Founder of LA Blockchain Summit. Story continues Some benefits of this new partnership include: Free Bitcoin giveaways; Exclusive first-look access into the latest news surrounding Los Angeles Blockchain Summit, Los Angeles Blockchain Week, and Draper Goren Holm; Free and heavily discounted tickets exclusively for Crypto Beadles\'s audience; A fun opportunity for Crypto Beadles\'s audience to meet one another in person and strengthen the online community as a whole. Click here to learn how to get $100 in Bitcoin and a free $299 ticket to LA Blockchain Summit. About Crypto Beadles Robert "Crypto" Beadles is the builder and Co-Founder of the Monarch Wallet, MonarchPay, and is a member of the C4 Crypto Consortium. The Monarch Wallet has 420,000+ downloads, supports over 3,012 cryptocurrencies, seven blockchains, offers fiat gateways, crypto APR % interest-earning, an ERC20 DEX and much more. Robert is an avid believer in Cryptocurrency, Blockchain technology, and offers some of the most in-depth, educational, unique, and insightful content available. His content is available on Biz.tv, CryptoBeadles.com, TradingView Sessions, Apple, and Google Podcasts, and his Crypto Beadles Youtube channel, which has over 574 videos, 92.1K subscribers, and 20.6 million video views. For more info, visit https://cryptobeadles.com/ About Draper Goren Holm Draper Goren Holm, a partnership between Tim Draper, Alon Goren, and Josef Holm, is a venture studio focused on accelerating and incubating early-stage blockchain and fintech startups, while simultaneously producing leading blockchain and cryptocurrency events, Security Token Summit and LA Blockchain Summit. Portfolio companies include Totle, Ownera, Innovesta, LunarCrush, Degens, Giftz, Vertalo, Coinsquad, CasperLabs, Element Zero, DeFi Money Market, and more. For more info, visit https://drapergorenholm.com . About Los Angeles Blockchain Summit Sold-out consecutively for seven conferences, Los Angeles Blockchain Summit returns to the Los Angeles Convention Center from October 6, 2020. The summit brings together angel investors, venture capital investors, retail investors, family offices, real estate investors, startups/entrepreneurs, issuers, exchanges, broker-dealers, service providers, and members of the media. Previous headliners include: Steve Wozniak, Tim Draper, Crystal Rose, Mance Harmon, Ran Neu-Ner, Marcus Lemonis, Robert Herjavec, David Siemer, Bill Barhydt, Scott Walker, Adam Draper, and Apolo Ohno. For more info, visit lablockchainsummit.com CONTACT: Name: William Lince Email: Send Email Organization: CryptoBeadles Address: 18826 North Lower Sacramento Road, Woodbridge, California 95258, United States Phone: +1-850-325-0232 Website: https://cryptobeadles.com SOURCE: CryptoBeadles View source version on accesswire.com: https://www.accesswire.com/588411/Los-Angeles-Blockchain-Summit-in-October-Partners-With-Robert-Crypto-Beadles View comments', 'The collaborative effort between LA Blockchain Summit and Robert "Crypto" Beadles aims to motivate more people to learn about the industry with a free $299 ticket and $100 in Bitcoin.\nWOODBRIDGE, CA & LOS ANGELES, CA / ACCESSWIRE / May 4, 2020 /Crypto Beadles announces today an exciting new media partnership with the Los Angeles-based fintech venture studio, Draper Goren Holm, and the West Coast\'s largest industry conference and expo, Los Angeles Blockchain Summit, to exercise both party\'s mutual desire to develop greater widespread cryptocurrency and blockchain technology adoption.\nFor a limited time, Crypto Beadles\'s audience can get a free $299 ticket to the summit plus $100 in free Bitcoin by registering.\nThe collaborative effort aims to motivate more crypto and blockchain-interested individuals to dive deeper into the industry by providing fun opportunities to interact, learn, and discover more about the space at Los Angeles Blockchain Summit.\n"Josef and Alon are outstanding and have built two of the world\'s top blockchain investment conferences; LA Blockchain Summit and Security Token Summit," said Robert Beadles, CEO of Crypto Beadles, President of Monarch, and the creator of the Monarch Wallet. "The Los Angelas Blockchain Summit in October could be one of the biggest and best crypto events to attend this year; you don\'t want to miss it!"\nThe conference returns either online or at the Los Angeles Convention Center on October 6 and 7, 2020, for two full days of insightful educational tracks and fireside chats with the most accomplished, powerful, and astounding list of industry leaders and speakers. Furthermore, the summit is issuing a call for papers to provide top scholars engaged with innovative research, a chance to share their work with thousands.\nThis partnership will allow Crypto Beadles and its subscribers to get exclusive insights emerging from Los Angeles Blockchain Week and allow for extensive exposure to the ever-growing and rapidly maturing blockchain ecosystem in Los Angeles. Even more so, Crypto Beadles\' dedicated listeners can take advantage of bitcoin giveaways, free tickets, and more in light of the summit\'s arrival.\n"Aside from being one of the best YouTube industry influencers out there, we wanted to collaborate with Crypto Beadles because he pushes such high-quality that welcomes both beginners and advanced crypto enthusiasts. This is critical when trying to achieve widespread crypto and blockchain adoption," says Josef Holm, Founding Partner at Draper Goren Holm and Co-Founder of LA Blockchain Summit.\nSome benefits of this new partnership include:\nFree Bitcoin giveaways;\nExclusive first-look access into the latest news surrounding Los Angeles Blockchain Summit, Los Angeles Blockchain Week, and Draper Goren Holm;\nFree and heavily discounted tickets exclusively for Crypto Beadles\'s audience;\nA fun opportunity for Crypto Beadles\'s audience to meet one another in person and strengthen the online community as a whole.\nClickhereto learn how to get $100 in Bitcoin and a free $299 ticket to LA Blockchain Summit.\nAbout Crypto Beadles\nRobert "Crypto" Beadles is the builder and Co-Founder of the Monarch Wallet, MonarchPay, and is a member of the C4 Crypto Consortium. The Monarch Wallet has 420,000+ downloads, supports over 3,012 cryptocurrencies, seven blockchains, offers fiat gateways, crypto APR % interest-earning, an ERC20 DEX and much more. Robert is an avid believer in Cryptocurrency, Blockchain technology, and offers some of the most in-depth, educational, unique, and insightful content available. His content is available on Biz.tv, CryptoBeadles.com, TradingView Sessions, Apple, and Google Podcasts, and his Crypto Beadles Youtube channel, which has over 574 videos, 92.1K subscribers, and 20.6 million video views.\nFor more info, visithttps://cryptobeadles.com/\nAbout Draper Goren Holm\nDraper Goren Holm, a partnership between Tim Draper, Alon Goren, and Josef Holm, is a venture studio focused on accelerating and incubating early-stage blockchain and fintech startups, while simultaneously producing leading blockchain and cryptocurrency events, Security Token Summit and LA Blockchain Summit. Portfolio companies include Totle, Ownera, Innovesta, LunarCrush, Degens, Giftz, Vertalo, Coinsquad, CasperLabs, Element Zero, DeFi Money Market, and more.\nFor more info, visithttps://drapergorenholm.com.\nAbout Los Angeles Blockchain Summit\nSold-out consecutively for seven conferences, Lo **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-05-05 **Financial & Commodity Data:** - Gold Closing Price: $1704.40 - Crude Oil Closing Price: $24.56 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $146,501,022,375 - Hash Rate: 126294576.814336 - Transaction Count: 329075.0 - Unique Addresses: 652289.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.40 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: As we wrap up another crazy week – 6.6 million more jobless claims, $2.3 trillion more in stimulus – NLW lays out the key themes and questions to think about over the long Easter weekend. For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts , Spotify , Pocketcasts , Google Podcasts , Castbox , Stitcher , RadioPublica , IHeartRadio or RSS . On today’s episode: Crypto-dollarization: Why money is pouring into USD stablecoins and how it could create a future on-ramp to bitcoin (BTC) “Quantitative Tightening”: Why a new brand for the bitcoin halving could help us better capture a unique narrative moment What it takes to get the economy back to work: Beyond the political hemming and hawking, how can we force the real, nuanced conversation of turning the economy back on? What it takes to rebuild as a Resilience Economy – and how can bottom-up networks get started now? Moments of transition are moments of leverage: What opportunities can each of us take advantage of? Related: Making Sense of the SEC’s Case Against Telegram See also: Nic Carter: ‘If You’re Not Radicalized, You’re Not Paying Attention’ For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts , Spotify , Pocketcasts , Google Podcasts , Castbox , Stitcher , RadioPublica , IHeartRadio or RSS . Related Stories Bitcoin Halving: How Miners Are Preparing for Lower Block Rewards Rebuilding the Resilience Economy, Feat. Anthony Pompliano Bitcoin News Roundup for Thursday, April 9, 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.
9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Bitcoin rose by 1.72% on Tuesday. Reversing a 0.40% decline from Monday, Bitcoin ended the day at $9,020.1. It was the first time Bitcoin held onto $9,000 levels since 6thMarch.\nA mixed start to the day saw Bitcoin rally to a mid-morning intraday high $9,124.8 before hitting reverse.\nBitcoin broke through the first major resistance level at $9,046.07 before sliding to a late morning intraday low $8,758.6.\nSteering clear of the first major support level at $8,601.27, rebounded through the afternoon to wrap up the day at $9,000 levels.\nIn spite of the rebound, Bitcoin failed to break back through the first major resistance level.\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 mixed day for the pack on Tuesday.\nBitcoin Cash SV joined Bitcoin in the green, with a 1.86% gain, while Cardano’s ADA and EOS ended the day flat.\nIt was a bearish day for the rest of the majors, with Tron’s TRX sliding by 2.56% to lead the way.\nLitecoin (-1.04%), Monero’s XMR (-1.24%), Stellar’s Lumen (-1.89%), and Tezos (-1.12%) weren’t far behind.\nBinance Coin (-0.76%), Bitcoin Cash ABC (-0.76%), Ethereum (-0.77%), and Ripple’s XRP (-0.55%) saw relatively modest losses.\nThrough the start of the week, the crypto total market cap rose from a Monday low $240.56bn to a Tuesday high $252.06bn. At the time of writing, the total market cap stood at $248.97bn.\nWhile Bitcoin’s dominance held onto 65% levels following Monday’s modest loss, Tuesday’s trend-bucking move delivered 66% levels. At the time of writing, Bitcoin’s dominance stood at 66.2%.\n24-hour trading volumes rose to a Monday high $164.25bn before easing back to a Tuesday current week low $145.07. At the time of writing, 24-hr volumes stood at $146.60bn.\nAt the time of writing, Bitcoin was down by 0.67% to $8,959.4. A bearish start to the day saw Bitcoin fall from an early morning high $9,036.0 to a low $8.913.6.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was also a bearish start to the day for the rest of the majors.\nBitcoin Cash SV and Monero’s XMR led the way down, with losses of 1.11% and 1.03% respectively.\nBitcoin would need to move through to $8,970 levels to bring the first major resistance level at $9,177.07 into play.\nSupport from the broader market would be needed, however, for Bitcoin to break out from Tuesday’s high $9,124.8.\nBarring a broad-based crypto rebound, resistance at $9,100 would likely leave Bitcoin short of the first major resistance level.\nIn the event of another breakout, the second major resistance level at $9,334.03 could come into play.\nFailure to move through to $8,970 levels could see Bitcoin fall deeper into the red.\nA fall through the morning low $8,913.6 would bring the first major support level at $8,810.87 into play before any recovery.\nBarring a crypto meltdown, however, Bitcoin should well clear of the second major support level at $8,601.63.\nThisarticlewas originally posted on FX Empire\n• AUD/USD and NZD/USD Fundamental Daily Forecast – Aussie Traders Locked-in on Risk Sentiment\n• US Stock Market Overview – Stocks Rally, but Ease into the Close Dragged Down by Energy\n• USD/CAD Daily Forecast – Strong Oil Boosts Canadian Dollar\n• Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – 06/05/20\n• The Crypto Daily – Movers and Shakers -06/05/20\n• Economic Data and Geopolitics Keep the EUR and Greenback in Focus', 'Bitcoin rose by 1.72% on Tuesday. Reversing a 0.40% decline from Monday, Bitcoin ended the day at $9,020.1. It was the first time Bitcoin held onto $9,000 levels since 6 th March. A mixed start to the day saw Bitcoin rally to a mid-morning intraday high $9,124.8 before hitting reverse. Bitcoin broke through the first major resistance level at $9,046.07 before sliding to a late morning intraday low $8,758.6. Steering clear of the first major support level at $8,601.27, rebounded through the afternoon to wrap up the day at $9,000 levels. In spite of the rebound, Bitcoin failed to break back through the first major resistance level. 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 for the pack on Tuesday. Bitcoin Cash SV joined Bitcoin in the green, with a 1.86% gain, while Cardano’s ADA and EOS ended the day flat. It was a bearish day for the rest of the majors, with Tron’s TRX sliding by 2.56% to lead the way. Litecoin (-1.04%), Monero’s XMR (-1.24%), Stellar’s Lumen (-1.89%), and Tezos (-1.12%) weren’t far behind. Binance Coin (-0.76%), Bitcoin Cash ABC (-0.76%), Ethereum (-0.77%), and Ripple’s XRP (-0.55%) saw relatively modest losses. Through the start of the week, the crypto total market cap rose from a Monday low $240.56bn to a Tuesday high $252.06bn. At the time of writing, the total market cap stood at $248.97bn. While Bitcoin’s dominance held onto 65% levels following Monday’s modest loss, Tuesday’s trend-bucking move delivered 66% levels. At the time of writing, Bitcoin’s dominance stood at 66.2%. 24-hour trading volumes rose to a Monday high $164.25bn before easing back to a Tuesday current week low $145.07. At the time of writing, 24-hr volumes stood at $146.60bn. Story continues This Morning At the time of writing, Bitcoin was down by 0.67% to $8,959.4. A bearish start to the day saw Bitcoin fall from an early morning high $9,036.0 to a low $8.913.6. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was also a bearish start to the day for the rest of the majors. Bitcoin Cash SV and Monero’s XMR led the way down, with losses of 1.11% and 1.03% respectively. For the Bitcoin Day Ahead Bitcoin would need to move through to $8,970 levels to bring the first major resistance level at $9,177.07 into play. Support from the broader market would be needed, however, for Bitcoin to break out from Tuesday’s high $9,124.8. Barring a broad-based crypto rebound, resistance at $9,100 would likely leave Bitcoin short of the first major resistance level. In the event of another breakout, the second major resistance level at $9,334.03 could come into play. Failure to move through to $8,970 levels could see Bitcoin fall deeper into the red. A fall through the morning low $8,913.6 would bring the first major support level at $8,810.87 into play before any recovery. Barring a crypto meltdown, however, Bitcoin should well clear of the second major support level at $8,601.63. This article was originally posted on FX Empire More From FXEMPIRE: AUD/USD and NZD/USD Fundamental Daily Forecast – Aussie Traders Locked-in on Risk Sentiment US Stock Market Overview – Stocks Rally, but Ease into the Close Dragged Down by Energy USD/CAD Daily Forecast – Strong Oil Boosts Canadian Dollar Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – 06/05/20 The Crypto Daily – Movers and Shakers -06/05/20 Economic Data and Geopolitics Keep the EUR and Greenback in Focus', 'Public blockchain network Nervos has launched a virtual incubator for early-stage startups building decentralized applications (dapps).\nDubbed CK Labs, the incubator will fund startups developing their dapps on Nervos’ platform and introduce the products to major crypto investors to help bring products to market. The firm thinks the incubator can help further develop its own two-layer blockchain platform, too.\nCK Labs comes a few months after the open source networkpledgedto award $30 million in grants to development teams that help Nervos improve its layer one infrastructure.\nRelated:Southern Indian State to Launch Dedicated Blockchain Incubator\n“There are still many more infrastructure improvements to come, but the launch of CK Labs marks the next phase of Nervos as we start expanding the network’s utility with dapps and Layer 2 solutions,” Kevin Wang, co-founder of Nervos, told CoinDesk.\nThe firm will initially allocate $5 million to help the startups bring their products to market while providing them with access to major crypto venture capital firms including Polychain Capital, Multicoin Capital, Dragonfly Capital and 1confirmation.\nAccording to Nervos, any startup with an existing minimum viable product could apply for, and potentially receive, up to $100,000 in equity-free capital plus join a four-month program designed to help the teams get a deeper understanding of the Nervos’ infrastructure and the resources needed to launch or scale products on the network.\nFounded in 2018, the San Francisco-based Nervos has raised over $100 million. It secured a $28 millionSeries Afunding led by Polychain and Sequoia China in July 2018 and a $72 milliontoken salein November. Its two-layer open network aims to maintain as high a level of security as the Bitcoin network, whileincreasing scalabilitythrough a side chain.\nRelated:‘One Network, Many Chains’ – The Case for Blockchain Interoperability\nCK Labs will be headed by Ben Morris. Morris comes from Status, an Ethereum-based messaging platform where he headed its incubator program. He led investments into Matrix, Pixura and LeapDAO, three startups focused on improving the scalability of Ethereum-based networks.\nBefore that Morris worked as Head of Treasury Specialists at Thomson Reuters out of Dubai and was eCommerce business development manager at Bloomberg from Singapore.\n“The CK Labs program was specifically designed to accelerate teams focused on ushering in the first wave of adoption,” Morris said. “Given the versatility of Nervos, we want to invite founders from all business verticals to apply.”\nThe firm saidapplicationsfor the **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-05-06 **Financial & Commodity Data:** - Gold Closing Price: $1684.20 - Crude Oil Closing Price: $23.99 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $146,501,022,375 - Hash Rate: 126294576.814336 - Transaction Count: 329075.0 - Unique Addresses: 652289.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.42 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: NEW YORK, NY / ACCESSWIRE / May 1, 2020 / The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders in the following publicly traded companies. Shareholders who purchased shares in the following companies during the dates listed are encouraged to contact the firm regarding possible Lead Plaintiff appointment. Appointment as Lead Plaintiff is not required to partake in any recovery. World Wrestling Entertainment, Inc. ( WWE ) Investors Affected : February 7, 2019 - February 5, 2020 A class action has commenced on behalf of certain shareholders in World Wrestling Entertainment, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: Defendants perpetrated a fraudulent scheme which: (i) deceived the investing public regarding WWE's business and prospects; (ii) artificially inflated the price of WWE Class A common stock; (iii) permitted certain senior executives of WWE to sell more than $282 million worth of their personally held shares at fraud inflated prices; and (iv) caused the public to purchase WWE Class A common stock at artificially inflated prices. Shareholders may find more information at https://securitiesclasslaw.com/securities/world-wrestling-entertainment-inc-loss-submission-form/?id=6289&from=1 Canaan Inc. ( CAN ) Investors Affected : publicly traded securities of Canaan, including its American Depository Shares pursuant and/or traceable to the Company's registration statement and related prospectus issued in connection with the Company's November 20, 2019 initial public offering. A class action has commenced on behalf of certain shareholders in Canaan Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) the purported "strategic cooperation" was actually a transaction with a related party; (2) the company's financial health was worse than what was actually reported; (3) the company had recently removed numerous distributors from its website just prior to the initial public offering, many of which were small or suspicious businesses; and (4) several of the Company's largest Chinese clients in prior years were clients who were not in the Bitcoin mining industry and, thus, would likely not be repeat customers. Shareholders may find more information at https://securitiesclasslaw.com/securities/canaan-inc-loss-submission-form/?id=6289&from=1 eHealth, Inc. ( EHTH ) Investors Affected : March 19, 2018 - April 7, 2020 A class action has commenced on behalf of certain shareholders in eHealth, Inc. The complaint alleges that eHealth, Inc. issued materially false and/or misleading information and/or failed to disclose: (1) its highly aggressive accounting and modeling assumptions; (2) its skyrocketing rate of member churn, resulting from eHealth's pursuit of low quality, lossmaking growth; (3) its reliance on direct response television advertising, which attracts an unprofitable, high churn enrollee; and (4) that as a result of the foregoing, defendants' public statements were materially false and misleading at all relevant times. Story continues Shareholders may find more information at https://securitiesclasslaw.com/securities/ehealth-inc-loss-submission-form/?id=6289&from=1 The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a Company lead to artificial inflation of the Company's stock. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT: The Gross Law Firm 15 West 38th Street, 12th floor New York, NY, 10018 Email: [email protected] Phone: (212) 537-9430 Fax: (833) 862-7770 SOURCE: The Gross Law Firm View source version on accesswire.com: https://www.accesswire.com/587957/The-Gross-Law-Firm-Announces-Class-Actions-on-Behalf-of-Shareholders-of-WWE-CAN-and-EHTH View comments... - Reddit Posts (Sample): [['u/DiemosChen', 'When BTC moon rockets stuck at launch pad again and again. Bitcoin Cash have created a whole new world waiting for us. I paid BCH and get my digital content every 10 seconds. No registration, no more waiting, only enjoying your purchase. This is real P2P electronic cash Satoshi expecting', 20, '2020-05-06 00:51', 'https://www.reddit.com/r/btc/comments/ge8325/when_btc_moon_rockets_stuck_at_launch_pad_again/', "​\n\n[Instant Buy Continuously](https://i.redd.it/gkw0qpimt0x41.gif)\n\nThis is not a visual special effects. This is real P2P digital cash use-case. Like using physical cash, we paid with cash then we got commodities. No more hassles.\n\nI have created a digital P2P market which allows creators selling their digital artworks without registration and high service-fee, and peoples can buy what they want item by item. No registration, no subscription, no personal information required. Pick the images, music, video, documents and file you love, then buy it and download it. That's all.\n\nLet's see more examples:Buy images \n[https://youtu.be/6my6CeFUzzs](https://youtu.be/6my6CeFUzzs) \n[https://wall.cash/List-Image](https://wall.cash/List-Image)\n\nBuy Video \n[https://youtu.be/SPYLDzMcYno](https://youtu.be/SPYLDzMcYno) \n[https://wall.cash/List-Video](https://wall.cash/List-Video)\n\nBuy Music \n[https://youtu.be/5lw--YcQmC0](https://youtu.be/5lw--YcQmC0) \n[https://wall.cash/List-Music](https://wall.cash/List-Music)\n\nBuy Document \n[https://youtu.be/HgKf-iEADOI](https://youtu.be/HgKf-iEADOI) \n[https://wall.cash/CashPort-314](https://wall.cash/CashPort-314)\n\nYou can check it by yourself.\n\nIt releases the power of real P2P electronic cash, such as instantly 0-conf purchase, \n[https://bitcointalk.org/index.php?topic=423.msg3836#msg3836](https://bitcointalk.org/index.php?topic=423.msg3836#msg3836) \nsmall casual payment, \n[https://bitcoin.org/bitcoin.pdf](https://bitcoin.org/bitcoin.pdf) \npeer-to-peer, worldwide and more\\~\n\nThis website, **CashBay**, is still under testing, if you are interested you can check it at [http://cashbay.cash/](https://wall.cash/) or [https://wall.cash/](https://wall.cash/) \nHowever, there will be bugs I still need to fix them all.\n\nThe Pizza Day is coming, I will officially launch CashBay on Pizza Day, the day make Bitcoin as Cash. More innovative features of CashBay, such as PayWindow and CamCashifier are comming. Please wait and see.\n\n**Disclaimer**: The demo videos are from [Bitcoin.com](https://Bitcoin.com). The receiving address is controlled by [Bitcoin.com](https://Bitcoin.com) used for CashFusion Security Audit Fund. If you paid, your BCH will go directly to Bitcoin.com.", 'https://www.reddit.com/r/btc/comments/ge8325/when_btc_moon_rockets_stuck_at_launch_pad_again/', 'ge8325', [['u/DiemosChen', 11, '2020-05-06 02:41', 'https://www.reddit.com/r/btc/comments/ge8325/when_btc_moon_rockets_stuck_at_launch_pad_again/fpm525p/', "Thank you for your kind words. You still started earlier than me. Let's make Bitcoin Cash ecosystem better. :)", 'ge8325']]], ['u/SEAR_ME', 'So reddit has added polls... Do you want Bitcoin sub Mods enable it on here too? If so please Upvote this', 91, '2020-05-06 01:55', 'https://www.reddit.com/r/Bitcoin/comments/ge95n4/so_reddit_has_added_polls_do_you_want_bitcoin_sub/', "Polls could be useful on this sub reddit. \n\nDo you want the mods to enable it? It's disabled now \n\nThanks", 'https://www.reddit.com/r/Bitcoin/comments/ge95n4/so_reddit_has_added_polls_do_you_want_bitcoin_sub/', 'ge95n4', [['u/senfmeister', 11, '2020-05-06 06:52', 'https://www.reddit.com/r/Bitcoin/comments/ge95n4/so_reddit_has_added_polls_do_you_want_bitcoin_sub/fpmssar/', 'We should force all the "Is this a scam?" posts to include polls somehow.', 'ge95n4']]], ['u/AutoModerator', '[Daily Discussion] Wednesday, May 06, 2020', 53, '2020-05-06 06:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/gecy2t/daily_discussion_wednesday_may_06_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/gecy2t/daily_discussion_wednesday_may_06_2020/', 'gecy2t', [['u/_WinnerTakesAll_', 17, '2020-05-06 06:37', 'https://www.reddit.com/r/BitcoinMarkets/comments/gecy2t/daily_discussion_wednesday_may_06_2020/fpmrl6h/', "Emotions in here swing wider than the market. When it's too late, everyone wants to short or long with leverage. Only after people missed the move is it that they want to jump in.", 'gecy2t'], ['u/moroi', 10, '2020-05-06 07:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/gecy2t/daily_discussion_wednesday_may_06_2020/fpmvypz/', 'If the mods would start banning for stupid predictions today, the Daily Discussion threads would be empty the day after tomorrow.', 'gecy2t'], ['u/Shibenaut', 11, '2020-05-06 08:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/gecy2t/daily_discussion_wednesday_may_06_2020/fpn1s83/', "Bitcoin wants to milk the Vegeta meme for all its worth, that's why we're not going anywhere", 'gecy2t'], ['u/MtGoxx', 15, '2020-05-06 09:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/gecy2t/daily_discussion_wednesday_may_06_2020/fpn3pk0/', "It is decision time\n\n[https://www.tradingview.com/x/ArRKI8dg/](https://www.tradingview.com/x/ArRKI8dg/)\n\nReal upside resistance is at $9,600\n\nSPX is right now on the 9th candle on 3D chart, whoever follows TD9 system and it closes tomorrow. \n\n[https://www.tradingview.com/x/WsGpxTRf/](https://www.tradingview.com/x/WsGpxTRf/)\n\nAnd monthly seems to be fighting with that 21 Monthly EMA (BLUE), which was indicator of all previous depressions, whenever fight was lost major dump comes next - [https://www.tradingview.com/x/1DParWoC/](https://www.tradingview.com/x/1DParWoC/)\n\nBut SPX futures are in a plus today. \n\nI was thinking about why oil prices could be related to bitcoin, when the economy stops and humanity stops using oil, oil prices crash. I am thinking that a struggling economy decreases the use of bitcoin, believe me, there are people who get paid in BTC already. \n\nOil had this nice bounce from falling wedge\n\n[https://www.tradingview.com/x/gEQpS2SD/](https://www.tradingview.com/x/gEQpS2SD/)\n\nIt even looked like a parabola, but today it seems to be breaking again - [https://www.tradingview.com/x/hdaciIJO/](https://www.tradingview.com/x/hdaciIJO/)\n\nIn 1929 Wallstreet crashed on Wednesday, but that time even though it is hard to believe but it was over leverage crisis. Bitmex open value was over 100k BTC before initial crash, and right now it is the only 54k, maybe not enough for another major crash again? \n\nOne other thing I'm following is Bitfinex longs, which started closing at > 9k levels and those Asian traders are usually correct. \n\nSo final conclusion BTC will reach $9,600 today if stocks are in a plus today and oil doesn't dump in double % digits.", 'gecy2t'], ['u/RoyalVault', 16, '2020-05-06 11:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/gecy2t/daily_discussion_wednesday_may_06_2020/fpnc8rp/', 'Short 50x @ 9105', 'gecy2t'], ['u/Pccosta64', 21, '2020-05-06 11:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/gecy2t/daily_discussion_wednesday_may_06_2020/fpncy7x/', 'thank you for your sacrifice, may you get your 70 virgins', 'gecy2t'], ['u/RoyalVault', 12, '2020-05-06 11:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/gecy2t/daily_discussion_wednesday_may_06_2020/fpnd373/', "Ah but my friend, when your liquidation price is 1.5% away you needn't bother with stops", 'gecy2t'], ['u/Railionn', 13, '2020-05-06 12:25', 'https://www.reddit.com/r/BitcoinMarkets/comments/gecy2t/daily_discussion_wednesday_may_06_2020/fpnf4e5/', '10K magnet is pulling.', 'gecy2t'], ['u/krom1985', 10, '2020-05-06 12:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/gecy2t/daily_discussion_wednesday_may_06_2020/fpng1ni/', 'This is it.\n\nThe fight for the downtrend line is on!', 'gecy2t'], ['u/Richyboy33', 27, '2020-05-06 12:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/gecy2t/daily_discussion_wednesday_may_06_2020/fpngh5x/', "The big prices to watch to the upside (Stamp), \n\n$9485 - the last swing high \n\n$9750 - Breaking the huge bull penn best fit resistance line from the ATH.\n\n$10,000 - Obvious psychological number\n\n$10,027 - More important to me that 10k, simply because this was the Weekly high of the candle that started our destruction drop in late Feb. \n\n$10,500 - The last Weekly swing high, the mega one, the big Daddy, numero un.. break this and it's the first weekly swing high since the ATH --- Bear Market over \n\n​\n\nPrice to the Downside \n\n$8528 - the last daily swing low plus first time we'd be below the Daily 10EMA since 23rd April\n\n$8000 - Where the run began\n\n​\n\nCome on then Bitcoin, let's see what ... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01
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:** ['Wednesday\x92s US ADP labour market report showed a record 20.24 million jobs were lost in the private sector last month due to business closures. While these numbers were anticipated, given that more than 30 million people filed for unemployment benefits over the past six weeks, this still represents an extreme shock to the world\x92s largest economy. When analysts and strategists try to forecast the future of asset prices during such shocks, they tend to compare it to previous past patterns or economic cycles to draw conclusions and recommendations. Unfortunately in our lifetime, we have never experienced such a pandemic nor a contraction of this size and speed in the economy. Even many of the tools used by monetary and fiscal policymakers are brand new. Hence, predicting how this will turn out is going to be more of a guessing game than by using existing modelling and statistical methods. Right now, the optimistic V-shaped recovery does not look like a realistic scenario for several reasons. An upturn of this type means that most of America and the world needs to get back to work soon, but that does not seem at all reasonable when looking at trends in Covid-19 infections. Even with lockdowns easing in many US states and across the globe, many sectors will not recover for several years, particularly airlines, leisure, auto and possibly oil. Many questions related to the virus are still not being answered yet, especially the ones related to when and if a vaccine or treatment will be developed. Will the warm weather help contain the infections? Will the virus mutate into a different form requiring new medical trials? Will easing lockdowns lead to a new and stronger wave of infections? Until we get answers to these questions among several others, we cannot predict the shape and speed of the recovery. Of course, the longer we stay at home, the more progress there should be in containing the deadly virus. However, this comes at the cost of more economic damage and it is this trade-off between health and the economy which is the most awkward question leaders across the globe are having to deal with. Even if we assume life returns to near normal, are we going to behave in the same way we did before Covid-19? Will we have the courage to appear in crowded places? Will all parents send their children back to school? Will we travel to places where infections are still on the rise? Are we going to follow old spending habits? In my opinion, it will take several months if not years to return to normal and that\x92s why even if economies open up, the recovery will be slow. Story continues Currently the stock market is not a true representation of the economy\x92s weakened status. Investors are taking their cue from the Federal Reserve and Congress which are implementing unprecedented measures to ensure that the economic pain does not get reflected in financial markets. However, I believe there will be many long-term consequences which will be talked for many years to come. The forward earnings multiple on the S&P 500 is currently standing at a 19-year high of 25, while the cyclically adjusted earnings multiple is still above the 2008 peak, despite falling from 31 in January this year to approximately 26.7 today. This suggests that valuations are still extraordinarily rich despite the vast amount of companies providing negative guidance, if in fact they are giving any at all. At current levels, I think investors are betting on a best-case economic recovery scenario supported by further easing measures. But as I mentioned earlier, predicting how asset prices play out during this pandemic is more of a guessing game than any form of true analysis. Let\x92s hope that markets are right in predicting the best-case scenario. Open your FXTM account today Disclaimer: The content in this article comprises personal opinions and should not be construed as containing personal and/or other investment advice and/or an offer of and/or solicitation for any transactions in financial instruments and/or a guarantee and/or prediction of future performance. ForexTime (FXTM), its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness, of any information or data made available and assume no liability as to any loss arising from any investment based on the same. This article was originally posted on FX Empire More From FXEMPIRE: Silver Price Daily Forecast \x96 Silver Gets Back Above $15.00 US Open \x96 Markets, BoE, Oil Rally, Gold, Bitcoin U.S. Stocks Set To Open Higher As China Export Data Is Better Than Expected GBP/USD Turns Higher After the BoE Keeps Rates on Hold GBP/JPY Price Forecast \x96 British Pound All Over the Place Will Gold Decline As Economies Gradually Reopen?', 'Wednesday’s US ADP labour market report showed a record 20.24 million jobs were lost in the private sector last month due to business closures. While these numbers were anticipated, given that more than 30 million people filed for unemployment benefits over the past six weeks, this still represents an extreme shock to the world’s largest economy.\nWhen analysts and strategists try to forecast the future of asset prices during such shocks, they tend to compare it to previous past patterns or economic cycles to draw conclusions and recommendations. Unfortunately in our lifetime, we have never experienced such a pandemic nor a contraction of this size and speed in the economy. Even many of the tools used by monetary and fiscal policymakers are brand new. Hence, predicting how this will turn out is going to be more of a guessing game than by using existing modelling and statistical methods.\nRight now, the optimistic V-shaped recovery does not look like a realistic scenario for several reasons. An upturn of this type means that most of America and the world needs to get back to work soon, but that does not seem at all reasonable when looking at trends in Covid-19 infections. Even with lockdowns easing in many US states and across the globe, many sectors will not recover for several years, particularly airlines, leisure, auto and possibly oil.\nMany questions related to the virus are still not being answered yet, especially the ones related to when and if a vaccine or treatment will be developed. Will the warm weather help contain the infections? Will the virus mutate into a different form requiring new medical trials? Will easing lockdowns lead to a new and stronger wave of infections? Until we get answers to these questions among several others, we cannot predict the shape and speed of the recovery.\nOf course, the longer we stay at home, the more progress there should be in containing the deadly virus. However, this comes at the cost of more economic damage and it is this trade-off between health and the economy which is the most awkward question leaders across the globe are having to deal with. Even if we assume life returns to near normal, are we going to behave in the same way we did before Covid-19? Will we have the courage to appear in crowded places? Will all parents send their children back to school? Will we travel to places where infections are still on the rise? Are we going to follow old spending habits? In my opinion, it will take several months if not years to return to normal and that’s why even if economies open up, the recovery will be slow.\nCurrently the stock market is not a true representation of the economy’s weakened status. Investors are taking their cue from the Federal Reserve and Congress which are implementing unprecedented measures to ensure that the economic pain does not get reflected in financial markets. However, I believe there will be many long-term consequences which will be talked for many years to come.\nThe forward earnings multiple on the S&P 500 is currently standing at a 19-year high of 25, while the cyclically adjusted earnings multiple is still above the 2008 peak, despite falling from 31 in January this year to approximately 26.7 today. This suggests that valuations are still extraordinarily rich despite the vast amount of companies providing negative guidance, if in fact they are giving any at all. At current levels, I think investors are betting on a best-case economic recovery scenario supported by further easing measures. But as I mentioned earlier, predicting how asset prices play out during this pandemic is more of a guessing game than any form of true analysis.\nLet’s hope that markets are right in predicting the best-case scenario.\nOpen your FXTM account today\nDisclaimer: The content in this article comprises personal opinions and should not be construed as containing personal and/or other investment advice and/or an offer of and/or solicitation for any transactions in financial instruments and/or a guarantee and/or prediction of future performance. ForexTime (FXTM), its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness, of any information or data made available and assume no liability as to any loss arising from any investment based on the same.\nThisarticlewas originally posted on FX Empire\n• Silver Price Daily Forecast – Silver Gets Back Above $15.00\n• US Open – Markets, BoE, Oil Rally, Gold, Bitcoin\n• U.S. Stocks Set To Open Higher As China Export Data Is Better Than Expected\n• GBP/USD Turns Higher After the BoE Keeps Rates on Hold\n• GBP/JPY Price Forecast – British Pound All Over the Place\n• Will Gold Decline As Economies Gradually Reopen?', 'Bitcoiners planning around next week’s “halving” on the blockchain network need to keep checking their countdown clocks: Every time they look, it seems it’s coming a little sooner. Last week, Michael Maloney, chief financial officer of Coinmint LLC, a Puerto Rico-based cryptocurrency mining company with operations in upstate New York, examined data from the Bitcoin blockchain and estimated the halving would take place around 1 a.m. Ne **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-05-07 **Financial & Commodity Data:** - Gold Closing Price: $1721.80 - Crude Oil Closing Price: $23.55 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $146,501,022,375 - Hash Rate: 117684425.398522 - Transaction Count: 341986.0 - Unique Addresses: 696092.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.49 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: California - The coronavirus epidemic is taking its toll on global financial markets. Last month, the stock market had its worst day since 1987, as the virus started bringing the economy to a screeching halt. Also Read | 'Sharmik special train' Carrying 839 Migrant Workers Departs from Nashik Road Railway Station for Lucknow: Coronavirus Tracker Live News Updates on May 2, 2020 The market has been highly erratic, as experts continue to debate the long-term economic impact of the pandemic. The good news is that there are still some promising investment opportunities. Investors may need to consider alternative investments instead of relying solely on equities, bonds, and other traditional assets. Alternative asset classes for the coronavirus epidemic Also Read | CRPF Camp in East Delhi Reports More COVID-19 Cases as 68 Jawans Test Positive, Total Tally in CRPF Reaches 127 While the coronavirus has created substantial uncertainty in the major financial markets, markets for other assets have been far more stable. Three alternative assets emerged as asset classes that tend to perform well when equities markets are struggling; this is what was found: Fine wine High-quality wine is one of the most promising alternative investments. The secondary wine market is currently worth $5 billion and is growing rapidly . According to the graph below, fine-wine stands head and shoulders above most mainstream assets. This data shows that the rate of return for wine investors is 110% higher than S&P 500 index investors since 1988. The average rate of return isn’t the only reason to consider investing in wine over equities and other traditional financial assets–ambitious investors have far more opportunities to beat the market. The market for most traditional assets is typically efficient because so many assets are bought and sold every day that the markets are open, and information is available nearly instantaneously. On the other hand, wine investors can identify unique trading opportunities by doing their due diligence. Story continues How to Invest in Wine Many people looking to add wine to their investment portfolios find that Vinovest is the easiest way to gain exposure to this alternative asset. Vinovest allows users to buy/sell fine-wine and even stores the wine for these users so that they do not need to worry about having the proper temperature-controlled facilitate to guarantee the wine ages well. Vinovest even allows its users to withdraw the wine they bought if they wish to drink it, and can send the wine directly to the user’s house! Gold Gold is often called a safe-haven asset because it stays relatively stable during times of economic turmoil. That being said, gold is an excellent hedge against the risks of an economic downturn. One study found that it exhibits many characteristics of zero-beta assets , which means that it has about the same level of risk as treasury bills. In other words, it is one of the safest investments that you can make. How to Invest in Gold When it comes to adding gold to your investment portfolio, there are several approaches you can take. Buying physical gold in the form of gold bars and gold coins is often the best way to gain exposure to gold. However, it is not as liquid as investing in a gold stock like a gold ETF. Bitcoin Cryptocurrencies are another alternative investment worth looking into. Bitcoin is often called digital gold because it has a finite supply–only 21,000,000 will ever exist–and is a deflationary currency. This means that as Bitcoin’s supply approaches its supply cap and as the U.S government prints more U.S dollars, that Bitcoin should become more valuable; this is because it is scarce, and because it is valued in USD, as the USD becomes worth-less as more of it is being printed. How to Invest in Cryptocurrency The easiest way to invest in cryptocurrency and own the digital asset yourself is through Coinbase. Coinbase is a digital currency exchange that allows you to buy/sell and hold many different cryptocurrencies. If you are just looking for price exposure to cryptocurrency and are not interested in holding and managing the digital assets yourself, Robinhood is a great option. Robinhood will give you price exposure to Bitcoin without requiring you to set up a cryptocurrency wallet that is capable of safely storing Bitcoin. When Will the Economy Get Better? The future of the economy is highly uncertain. Many experts believe that some form of social isolation will need to continue for at least 12-18 months. That being said, investors should hedge against this uncertainty by leveraging alternative assets like fine-wine, gold, and cryptocurrency.... - Reddit Posts (Sample): [['u/Mark_Bear', 'Bitcoin is the new gold', 59, '2020-05-07 00:06', 'https://www.reddit.com/r/Bitcoin/comments/getppb/bitcoin_is_the_new_gold/', '## Bitcoin Compared to Gold\n\nGold is expensive to store securely.\n\nGold is extremely expensive and slow to transport securely, especially large amounts.\n\nGold is heavy, it takes up space.\n\nYou can\'t walk very far carrying a lot of gold. You can\'t swim at all with more than a few coins of gold.\n\nGold can be confiscated. Gold has already been confiscated by the US government.\n\nHighway robbers, corrupt border guards, pirates, and others can merely kill you, then take any gold you were transporting.\n\nTungsten\'s density is very close to that of gold. There are now gold-coated tungsten bars in circulation. It requires special equipment and know-how to detect gold-coated tungsten. \n\nGold has intrinsic value, but it\'s on par with aluminum and copper. Besides, the point of money is to have little or no intrinsic value.\n\n## - -\n\nBitcoin is easy and inexpensive to store securely.\n\nBitcoin is inexpensive to transport, and compared to gold, transporting Bitcoin is \'instantaneous\'.\n\nBitcoin weighs nothing and takes up little, if any space.\n\nBitcoin cannot be detected and can pass right through any border or airport.\n\nBitcoin won\'t stop refugees from walking long distances, nor from swimming across rivers.\n\nBitcoin cannot be confiscated. Robbers, pirates, corrupt cops, soldiers, etc. won\'t know you own any (unless you tell them), and they cannot merely kill you and take your Bitcoin.\n\nBitcoin can be sent across the Internet. \n\nBitcoin has no intrinsic value.\n\n​\n\n### Intrinsic Value\n\nMoney does not need intrinsic value. In fact, **the whole idea of money is to use something with little or no intrinsic value in order to facilitate trade**. When people trade items with intrinsic value for other items with intrinsic values, that\'s called "barter" and no "money" is involved.\n\nPeople who throw the "intrinsic value" term around usually don\'t know what it means.\n\nInvestopedia says:\n\n**What Is Intrinsic Value?**\n\nIntrinsic value is a measure of what an asset is worth. This measure is arrived at by means of an objective calculation or complex financial model, rather than using the currently trading market price of that asset.\n\nWikipedia says:\n\nIn finance, intrinsic value or fundamental value is the "true, inherent, and essential value"\\[1\\] of an asset independent of its market value.\\[2\\]\n\nSo, technically, Bitcoin has no intrinsic value, but that\'s okay.\n\nFiat money has no intrinsic value, either.\n\nGold has a little bit of intrinsic value, about on par with copper or aluminum.\n\nAgain: **Bitcoin is the strongest, soundest money ever used**, even though it does not have much, if any, "intrinsic value".', 'https://www.reddit.com/r/Bitcoin/comments/getppb/bitcoin_is_the_new_gold/', 'getppb', [['u/Spartacus_Nakamoto', 11, '2020-05-07 04:46', 'https://www.reddit.com/r/Bitcoin/comments/getppb/bitcoin_is_the_new_gold/fpqc939/', 'This has already been solved. Meanwhile gold is vulnerable to asteroid mining, bitcoin isn’t.', 'getppb']]], ['u/[deleted]', "If you're still halving doubts about Bitcoin...", 26, '2020-05-07 00:33', 'https://www.reddit.com/r/Bitcoin/comments/geu7hi/if_youre_still_halving_doubts_about_bitcoin/', "Bitcoin is like the biggest party everyone's talking about.\n\nWe're all headed there by the end of the night. We don't even know each other but we'll still see each other there. Right now we're just pregaming. Talking to some girls, hanging out. Maybe we should go, maybe another shot. Don't rush it. Enjoy the moment. Stay safe because soon... soon we're going to be raging our fucking brains out. \n\nMoney printer go Brrr?", 'https://www.reddit.com/r/Bitcoin/comments/geu7hi/if_youre_still_halving_doubts_about_bitcoin/', 'geu7hi', [['u/educateyourselfsilly', 26, '2020-05-07 01:53', 'https://www.reddit.com/r/Bitcoin/comments/geu7hi/if_youre_still_halving_doubts_about_bitcoin/fppu4es/', "you're high as fuck", 'geu7hi']]], ['u/Tposingmartian', 'Yikes I fucked up? is robinhood that bad just to hold bitcoin?', 26, '2020-05-07 04:08', 'https://www.reddit.com/r/Bitcoin/comments/gext8f/yikes_i_fucked_up_is_robinhood_that_bad_just_to/', "I didn't really know until recently but I heard robinhood is bad for crypto for some reason. I have roughly $7,500 worth of BTC on robinhood I don't plan on using and my plan was really just to hold it for like 5 years and then selling it, is that a bad move? Should I sell it all and withdraw my money and buy it on coinbase or binance instead? I thought I was good cause I've made $2000 so far from BTC and was just planning on holding it for a few years and then selling it and don't really plan on using it to buy things.", 'https://www.reddit.com/r/Bitcoin/comments/gext8f/yikes_i_fucked_up_is_robinhood_that_bad_just_to/', 'gext8f', [['u/CHIgokkun', 24, '2020-05-07 04:11', 'https://www.reddit.com/r/Bitcoin/comments/gext8f/yikes_i_fucked_up_is_robinhood_that_bad_just_to/fpq8tmp/', "It's fine, you realised the mistake, simply sell and buy from a reputable exchange, your BTC amount deserves a hardware wallet, Ledger nano s or trezor, withdraw from the new exchange to the wallet, drink mild milk before sleeping and by the next morning you'll be A-Ok", 'gext8f'], ['u/CHIgokkun', 11, '2020-05-07 04:16', 'https://www.reddit.com/r/Bitcoin/comments/gext8f/yikes_i_fucked_up_is_robinhood_that_bad_just_to/fpq9by1/', "You can't withdraw to a personal wallet, this means you don't own sh*t, or poop", 'gext8f'], ['u/educateyourselfsilly', 65, '2020-05-07 04:23', 'https://www.reddit.com/r/Bitcoin/comments/gext8f/yikes_i_fucked_up_is_robinhood_that_bad_just_to/fpq9yjh/', "it's not bitcoin. it's a derivative. you don't own any bitcoin.", 'gext8f'], ['u/flipgd', 50, '2020-05-07 04:23', 'https://www.reddit.com/r/Bitcoin/comments/gext8f/yikes_i_fucked_up_is_robinhood_that_bad_just_to/fpq9z4b/', 'How would you lose your profits if you sell it for a profit and buy the same amount elsewhere? The only thing you lose out is the transaction costs and taxes you’d owe for the gains you realize', 'gext8f'], ['u/CHIgokkun', 10, '2020-05-07 04:25', 'https://www.reddit.com/r/Bitcoin/comments/gext8f/yikes_i_fucked_up_is_robinhood_that_bad_just_to/fpqa56o/', "Bitcoin dot com is not an official website, Bitcoin is not trademarketed, don't ever use that website, please search for reccommended wallets, if You have Android i think Samourai is good, if you use a desktop use Electrum", 'gext8f'], ['u/Raverrevolution', 15, '2020-05-07 04:32', 'https://www.reddit.com/r/Bitcoin/comments/gext8f/yikes_i_fucked_up_is_robinhood_that_bad_just_to/fpqav2c/', "Robinhood doesn't have bitcoin. You're not buying bitcoin on there. You're buying a bet on bitcoin.", 'gext8f']]], ['u/AutoModerator', '[Daily Discussion] Thursday, May 07, 2020', 73, '2020-05-07 06:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/gezi2z/daily_discussion_thursday_may_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/gezi2z/daily_discussion_thursday_may_07_2020/', 'gezi2z', [['u/Danirago98', 14, '2020-05-07 06:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/gezi2z/daily_discussion_thursday_may_07_2020/fpqkee4/', 'Been a crazy day, off to get some hours of sleep. \nI wish you all a fruitful and amazing day.', 'gezi2z'], ['u/RetardIdiotTrader', 17, '2020-05-07 06:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/gezi2z/daily_discussion_thursday_may_07_2020/fpqm3kx/', "You can tell who's short", 'gezi2z'], ['u/Thisisgentlementtt', 35, '2020-05-07 06:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/gezi2z/daily_discussion_thursday_may_07_2020/fpqmmux/', 'Not sure how common knowledge this is but I think I have been able to figure out how tether printing works. \n\nWhen you are depositing dollars into Binance from your bank account/credit card, you actually get tethers (usdt). What happens behind the scenes while Binance waits for the "real" dollars to hit binance\'s bank account: Binance sends a message to tether "we are about to receive 10million in deposits, start the printer". Now tether prints the 10million into their treasury account. The 10million is now printed but is sitting in a "authorized but not issued" mode. Finally Binance receives the real dollars (original user deposit) and after that it sends them to tether\'s bank account. Once tether receives the 10million, it issues these newly printed tethers, and sends the tether to Binance which then shows up in the users Binance account.\n\nImportant to notice is Binance has their own reserve/treasury of tethers so not every deposit results printing. This treasury makes it all seem very smooth for th... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Bixin, one of the earliestbitcoinminer operators and wallet startups, is dedicating 6,600 bitcoin, worth $66 million, to a new fund of funds.\nThe company announced the fund of funds with its proprietary capital on Friday, and said it aims to invest in global quantitative trading funds whose strategies are based on arbitrage, bitcoin futures contracts and trend analysis.\nBy providing additional liquidity and market-making activities to these trading desks amid bitcoin’s scheduled halving event, Bixin seeks to increase its holdings in bitcoin as part of its “unwavering commitment to bitcoin,” the firm said in the announcement.\nRelated:Internal Struggle at Bitcoin Mining Giant Bitmain Escalates to Physical Confrontation\n“We are strong believers in bitcoin and it’s not what we want to see that the bitcoin ecosystem in China and elsewhere are in a silo,” said Liu Fei, who joined Bixin from the Huobi exchange in late 2018 and now oversees Bixin’s mining business and the fund of funds. “We hope the fund of funds can contribute to a better global liquidity structure for the bitcoin ecosystem.”\nFounded in 2014 by Wu Gang, who started mining bitcoin since as early as 2009, Bixin has become one of the most known bitcoin wallet and mining pool operators in China.\nIt scaled up the investment in bitcoin self-mining in the late 2018 and early 2019 bearish market and is currently operating bitcoin mining facilities of about 300 megawatt-hour, roughly 3,000 petahashes per second (PH/s) of computing power that accounts for 2.5% of the Bitcoin network’s total.\nBixin established an investment and financial service arm around 2018 with its own capital and has invested in leading crypto startups in China including MicroBT, a serious contenders against mining giant Bitmain’s dominance in bitcoin miner hardware business.\nRelated:Bitcoin Node Count Falls to 3-Year Low Despite Price Surge\n• Bitcoin Mining Difficulty Nears All-Time High in Final Adjustment Before Halving\n• US Court Dismisses Lawsuit Over Riot Blockchain’s Crypto Pivot', 'Bixin, one of the earliest bitcoin miner operators and wallet startups, is dedicating 6,600 bitcoin, worth $66 million, to a new fund of funds. The company announced the fund of funds with its proprietary capital on Friday, and said it aims to invest in global quantitative trading funds whose strategies are based on arbitrage, bitcoin futures contracts and trend analysis. By providing additional liquidity and market-making activities to these trading desks amid bitcoin’s scheduled halving event, Bixin seeks to increase its holdings in bitcoin as part of its “unwavering commitment to bitcoin,” the firm said in the announcement. Related: Internal Struggle at Bitcoin Mining Giant Bitmain Escalates to Physical Confrontation “We are strong believers in bitcoin and it’s not what we want to see that the bitcoin ecosystem in China and elsewhere are in a silo,” said Liu Fei, who joined Bixin from the Huobi exchange in late 2018 and now oversees Bixin’s mining business and the fund of funds. “We hope the fund of funds can contribute to a better global liquidity structure for the bitcoin ecosystem.” Founded in 2014 by Wu Gang, who started mining bitcoin since as early as 2009, Bixin has become one of the most known bitcoin wallet and mining pool operators in China. It scaled up the investment in bitcoin self-mining in the late 2018 and early 2019 bearish market and is currently operating bitcoin mining facilities of about 300 megawatt-hour, roughly 3,000 petahashes per second (PH/s) of computing power that accounts for 2.5% of the Bitcoin network’s total. Bixin established an investment and financial service arm around 2018 with its own capital and has invested in leading crypto startups in China including MicroBT, a serious contenders against mining giant Bitmain’s dominance in bitcoin miner hardware business. Related: Bitcoin Node Count Falls to 3-Year Low Despite Price Surge Related Stories Bitcoin Mining Difficulty Nears All-Time High in Final Adjustment Before Halving US Court Dismisses Lawsuit Over Riot Blockchain’s Crypto Pivot', 'Bixin, one of the earliestbitcoinminer operators and wallet startups, is dedicating 6,600 bitcoin, worth $66 million, to a new fund of funds.\nThe company announced the fund of funds with its proprietary capital on Friday, and said it aims to invest in global quantitative trading funds whose strategies are based on arbitrage, bitcoin futures contracts and trend analysis.\nBy providing additional liquidity and market-making activities to these trading desks amid bitcoin’s scheduled halving event, Bixin seeks to increase its holdings in bitcoin as part of its “unwavering commitment to bitcoin,” the firm said in the announcement.\nRelated:Internal Struggle at Bitcoin Mining Giant Bitmain Escalates to Physical Confrontation\n“We are strong believers in bitcoin and it’s not what we want to see that the bitcoin ecosystem in China and elsewhere are in a silo,” said Liu Fei, who joined Bixin from the Huobi exchange in late 2018 and now oversees Bixin’s mining business and the fund of funds. “We hope the fund of funds can contribute to a better global liquidity structure for the bitcoin ecosystem.”\nFounded in 2014 by Wu Gang, who started mining bitcoin since as early as 2009, Bixin has become one of the most known bitcoin wallet and mining pool operators in China.\nIt scaled up the investment in bitcoin self-mining in the late 2018 and early 2019 bearish market and is currently operating bitcoin mining facilities of about 300 megawatt-hour, roughly 3,000 petahashes per second (PH/s) of computing power that accounts for 2.5% of the Bitcoin network’s total.\nBixin established an investment and financial service arm around 2018 with its own capital and has invested in leading crypto startups in China including MicroBT, a serious contenders against mining giant Bitmain’s dominance in bitcoin miner hardware business.\nRelated:Bitcoin Node Count Falls to 3-Year Low Despite Price Surge\n• Bitcoin Mining Difficulty Nears All-Time High in Final Adjustment Before Halving\n• US Court Dismisses Lawsuit Over Riot Blockchain’s Crypto Pivot', 'Coinstar, the coin counting kiosk maker hosting 3,500 Coinme bitcoin ATMs, is looking to double its cash-for-bitcoin capable supermarket machines.\nThe doubling would happen “within a year,” Vice President of Product Michael Jack told CoinDesk. He said Coinme bitcoin ATM growth “both on a per location and overall basis, has been very strong.”\nThe company already has plans to plug Coinme’s exchange API into more kiosks, though Jack did not specify how soon this would happen. Coinstar has a global fleet of nearly 20,000 kiosks, according to its website.\nRelated:Tradeshift Proposes Plan to Protect Denmark’s Supply Chains From COVID-19 Crisis\nThe deliberations come as Coinme lays claim to a veritable accomplishment of the COVID-19 era: It’s bringing in new customers, even while other businesses flounder. Coinme CEO Neil Bergquist told CoinDesk that 40% of transactions since late February are by first-timers.\nOne reason for the surge may be the placement of Coinme bitcoin ATMs almost exclusively in supermarkets and pharmacies, just about the only brick-and-mortar establishments that remained open to consumer foot traffic through COVID-19 lockdowns.\nRead more:Bitcoin ATMs Expand Despite Shelter-in-Place Rules\nThat twist of fate let Coinme “provide uninterrupted access” to customers, Bergquist said.\nRelated:As Pandemic Decimates Startups, Privacy Industry Holds Strong\nAs panicking shoppersflocked to grocery storesin mid-March on lockdown supply runs, some were apparently also bulking up on crypto: Bitcoin transaction volume at Coinme kiosks is up 40% since late February.\nCoinme also saw a “slight uptick” in $1,200 transactions – the same dollar amount as coronavirus stimulus checks sent to Americans by the Treasury Dept. – “although we’re not seeing a strong correlation,” Bergquist said.\n“The recent increase in sales certainly helped remove any concerns around company performance and durability during the pandemic,” Bergquist said.\nThe news immediately follows Coinme’s Thursday announcement that it had raised $10 million in Series A funding from Coinstar, Blockchain.com Ventures, Hard Yaka, Nima Capital and Pantera Capital, who led the ongoing round with $5.5 million. Pantera now controls a seat on the Coinme board of directors.\nEven before the spike, Pantera partner Paul Veradittakit said his VC firm likes Coinme’s boots on the ground business model. He said it appeals to consumers curious about bitcoin and who are certainly familiar with the concept of ATMs but perhaps not ready to open an account with an online exchange.\n“People aren’t there yet in terms of education, people aren’t there in terms of technology,” he said. “This is the way to get the mainstream user, the general public, the folks that are going to grocery stores” to buy bitcoin.\nBergquist said Coinme would use the cash to expand its business in Latin America. Because it builds an exchange API rather than an actual machines, Coinme can plug bitcoin buying into just about any compatible device: “kiosks, ATMs, [Point of Sale], and merchants” in Latin American countries, Bergquist said.\n“They want to be the backend, they want to be the pipes to make money move around the world in a much more seamless way,” said Veradittakit.\nCORRECTION (8 May 15:17 UTC): A previous version of this story incorrectly reported that Michael Jack was President of Product Management and that Coinstar would roll out new machines that feature Coinme. Coinstar is updating its existing fleet.\n• 4 Ways COVID-19 Will Bring Banks and Regulators to Crypto\n• NEAR Protocol Launches Following $21M Token Sale Led by Andreessen Horowitz', 'Coinstar, the coin counting kiosk maker hosting 3,500 Coinme bitcoin ATMs, is looking to double its cash-for-bitcoin capable supermarket machines.\nThe doubling would happen “ **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-05-08 **Financial & Commodity Data:** - Gold Closing Price: $1709.90 - Crude Oil Closing Price: $24.74 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $146,501,022,375 - Hash Rate: 117684425.398522 - Transaction Count: 341986.0 - Unique Addresses: 696092.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.55 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Digital Farms, a California-based cryptocurrency mining company, is putting its operations on hold due to the recent decline in bitcoin’s (BTC) price. On March 18, the miner’s parent company, investment firm DPW Holdings, filed an update with the U.S. Securities and Exchange Commission (SEC) on its business related to the COVID-19 pandemic, which has been heavily affecting companies and markets globally. Among other closures and down-scalings, its mining business is being shuttered. “Digital Farms’ cryptocurrency mining operations have been suspended indefinitely, primarily due to the sharp decline in the market price for bitcoin,” the company wrote. Related: Riot Blockchain Says Coronavirus Outbreak Might Hurt Crypto Mining Farms Last May, DPW announced Digital Farms, formerly Super Crypto Mining, had obtained a 617,000 square foot facility in the U.S. to set up operations with “immediate access to 28 megawatts of power and an infrastructure to support up to 300 megawatts.” Super Crypto Mining was acquired by DPW in January 2018 and later re-branded as Digital Farms. According to DWP’s annual report filed with the SEC in April 2019, the mining operation had started off by borrowing $5 million from two institutional investors and buying a thousand of Bitmain’s Antminer S9 mining machines. Mining of bitcoin, litecoin (LTC) and ether (ETH) under the new owner kicked off in February 2018. See also: Miners Are Selling More Bitcoin Than They Are Mining The company’s first yearly revenue from crypto mining was $1.67 million, a small portion of DPW’s total $27 million revenue, according to the 2019 report. The company had been planning to mine the top 10 cryptocurrencies by market capitalization and also offer cloud mining services. Related: Bear Market Over? Charts on Bitcoin and ASX 200 Suggest Otherwise Discussing its scenario under the coronavirus pandemic, DWP said in the latest filing: “Due to the unprecedented market conditions domestically and internationally, and the effect COVID-19 has had and will continue to have on the Company’s operations and financial performance, the extent of which is not currently known, the Company is temporarily suspending guidance for 2020.” Story continues Bitcoin’s price has been dropping since February from levels above $10,000, making it hard for the mining industry to return a profit. On March 3, wider market turmoil brought on by the growing coronavirus outbreak prompted a crash to below $4,000. Prices have since regained poise and are around $6,660 at press time. Related Stories Bitcoin and Ether Prices Stagnate as Traders Take Wait-and-See Approach Strange Days: S&P 500 Volatility Enters Bitcoin Territory... - Reddit Posts (Sample): [['u/[deleted]', 'Why ETH?', 22, '2020-05-08 00:25', 'https://www.reddit.com/r/ethtrader/comments/gfgoaf/why_eth/', 'As the post states, why ETH?\n\nWhat are the benefits of ETH over BTC. \n\nThe latter is of greater value and simply more popular.\n\nSo why ETH?\n\n\nThank you. Appreciate any answers.', 'https://www.reddit.com/r/ethtrader/comments/gfgoaf/why_eth/', 'gfgoaf', [['u/OnlyTheMoonManKnows', 17, '2020-05-08 00:46', 'https://www.reddit.com/r/ethtrader/comments/gfgoaf/why_eth/fpthy9k/', "Eth and Btc are fundamentally different beasts. Btc is used for value transfer. That's it. Eth is not only a means of value transfer, but a platform on which people can build trustless applications. It has wayyyyy more potential than Btc, while retaining the ability to work as a means of value transfer. Eth, the currency of the Ethereum network, has intrinsic value as long as you can use the Eth network for computation. Btc has intrinsic value as long as people say it does.", 'gfgoaf']]], ['u/miner_ED', 'Most profitable way to get paid for mining?', 10, '2020-05-08 02:52', 'https://www.reddit.com/r/EtherMining/comments/gfj65e/most_profitable_way_to_get_paid_for_mining/', "I am pretty new to mining so I have been testing out only a couple of different ways to mine Etherium. I like the idea of getting paid in Bitcoin, however, I do not really know if I am getting the shorter end of the stick by using an OS such as Nicehash. I understand Nicehash is a “market” for selling hash rate and NOT a traditional “mining pool” but I am more curious about the profitability aspect.\n\nSo my question is: Does mining Etherium directly (using Geth for example) prove to be more profitable than using a mining operating system such as (Nicehash or Minerstat for example)? \n\nI just want to know what other people's experiences are.", 'https://www.reddit.com/r/EtherMining/comments/gfj65e/most_profitable_way_to_get_paid_for_mining/', 'gfj65e', [['u/DLTMIAR', 13, '2020-05-08 03:22', 'https://www.reddit.com/r/EtherMining/comments/gfj65e/most_profitable_way_to_get_paid_for_mining/fptyp0e/', 'The most profitable way of making money mining is to sell the equipment', 'gfj65e']]], ['u/stonksmarket', "Dogecoin started off with the max supply of 100b coins. Later they changed it to unlimited. How do we know bitcoin won't do the same via fork once political influnce gets invloved?", 14, '2020-05-08 05:16', 'https://www.reddit.com/r/CryptoCurrency/comments/gflcmb/dogecoin_started_off_with_the_max_supply_of_100b/', " **Dogecoin started off with the max supply of 100b coins. Later they changed it to unlimited. How do we know bitcoin won't do the same via fork once political influnce gets invloved?** \n\n​\n\n in the future politics will get involved in bitcoin, fox news will tell everyone to fork to the new code with some coin printing inflation scam. How do we know it wont happen to bitcoin?", 'https://www.reddit.com/r/CryptoCurrency/comments/gflcmb/dogecoin_started_off_with_the_max_supply_of_100b/', 'gflcmb', [['u/THEANONLIE', 33, '2020-05-08 08:15', 'https://www.reddit.com/r/CryptoCurrency/comments/gflcmb/dogecoin_started_off_with_the_max_supply_of_100b/fpuoeq2/', "Don't worry, the CEO of Bitcoin just gave a press conference and he said that they wouldn't do this.", 'gflcmb']]], ['u/AutoModerator', '[Daily Discussion] Friday, May 08, 2020', 61, '2020-05-08 06:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/gfm12v/daily_discussion_friday_may_08_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/gfm12v/daily_discussion_friday_may_08_2020/', 'gfm12v', [['u/youngchriii', 12, '2020-05-08 06:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/gfm12v/daily_discussion_friday_may_08_2020/fpug1qh/', 'Pull back seems unlikely given stock futures are up. Buying a little bit to add to the ol’ stockpile. Won’t be mad either way it goes. Namaste.', 'gfm12v'], ['u/semirelevantknt', 10, '2020-05-08 06:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/gfm12v/daily_discussion_friday_may_08_2020/fpugv1e/', "I know this is a stretch but any traders here who was involved during late 2016 markets want to chime in? I'm wondering what the sentiment was like a couple months after the halving when it was (i guess) pretty well known that the bear market was over and right before the start of the parabolic 20k run.\n\nWas bitcoin still talked about as a ponzi at 600? was the 'bitcoin is dead' narrative still going strong?", 'gfm12v'], ['u/jarederaj', 16, '2020-05-08 07:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/gfm12v/daily_discussion_friday_may_08_2020/fpujyw9/', 'Bitcoin has always been compared to a ponzi. Alts have always played a prominent role. Many bears never came around, no matter how high the price went. Most people assumed that the price would crash back down again.\n\nA lot of people were confused about the real impact of the halving, which became a "sell the news" event. About the same this time. It was another full year before it was obvious to everyone that buying around the halving was a smart buy and hold strategy.', 'gfm12v'], ['u/Damien_Targaryen', 13, '2020-05-08 07:30', 'https://www.reddit.com/r/BitcoinMarkets/comments/gfm12v/daily_discussion_friday_may_08_2020/fpul4dq/', 'Other than the usual Bitcoin circle on Twitter being bull, the majority of people think it’s going to dump post halving or no effect right? The three telegram crypto groups that I‘m in are talking about shorting and no one is expecting it to pump. Which makes me think the opposite will happen. I don’t trade but would like to see what you pro traders think. I know fundamentals are strong but TA-wise it’s also strong right? Breaking out of wedge/trend line and regression channel etc. Unless the dump they are talking about is after we shoot past 10k leading to the halving and then dump back to 9-10k...', 'gfm12v'], ['u/satoshisbitcoin', 11, '2020-05-08 07:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/gfm12v/daily_discussion_friday_may_08_2020/fpult65/', "The fomo when it doesn't dump will be crazy", 'gfm12v'], ['u/thearmthearm', 12, '2020-05-08 07:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/gfm12v/daily_discussion_friday_may_08_2020/fpumd81/', "I actually think that Plan B and his models have had a big affect on sentiment, which I don't believe were around during the last halving. The halving just feels like a much bigger deal this time.", 'gfm12v'], ['u/S28E01_The_Sequel', 18, '2020-05-08 08:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/gfm12v/daily_discussion_friday_may_08_2020/fpunh06/', "Just a little math because I think it's kinda interesting when you compare the last halving to this one... Last halving, we consolidated for roughly 6 months pre-halving at about -62% off ATH [(green line)](https://www.tradingview.com/x/SumQCDe9/). At the point of halvening, we were consolidating at around -42% off ATH (blue line).\n\nNow if you look at our past year or so, I've been considering 8k the wrap around point... which is also roughly [-61% off ATH.](https://www.tradingview.com/x/UTPOPc7s/) Now obviously no guarantee's, but if it were to play out similar at all, this would imply a consolidation point around 12k (roughly -42% off ATH) at some point soon...", 'gfm12v'], ['u/Quintall1', 10, '2020-05-08 09:31', 'https://www.reddit.com/r/BitcoinMarkets/comments/gfm12v/daily_discussion_friday_may_08_2020/fputfyb/', '20 mill. Realised loss is probably pretty hard to swallow, especially as an active social media figure...', 'gfm12v'], ['u/Richyboy33', 25, '2020-05-08 10:03', 'https://www.reddit.com/r/BitcoinMarkets/comments/gfm12v/daily_discussion_friday_may_08_2020/fpuvcfp/', "My word, I wake up.. see that we got above 10k albeit temporarily and that now we've gone down by 3.5% ... people on this board are depressed and talking about the end of the bull run.\n\nFuck me sideways you lot are mad. Do you not understand about pullbacks or cooling off a bit? or the fact that things don't just keep going up every day? You do know that it wouldn't be unreasonable at all for Bitcoin to now pullback to the 8500 region or even lower.\n\nSustainable higher lows are needed to keep the chart healthy and set us up for the next phase up (if we get it). Too many here only seem interested in big green daily candles and as soon as they think a red might appear, it's doom and gloom.\n\nWe are currently just above the ATH resistance line. If we maintain above it then fanfuckingtastic. If we don't, it's not the end of the world.\n\n​\n\nFor what it's worth I wouldn't mind a pullback to the daily 20EMA over time. Hopefully it'll be sitting at 9k by then.\n\nThe problem is this fucking halving. I have no idea what damage that could do. So people, prepare for all outcomes right ... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Bitcoin fell by 1.88% on Friday. Partially reversing a 9.06% rally from Thursday, Bitcoin ended the day at $9,792.4.\nA mixed start to the day saw Bitcoin rise to an early morning intraday high $10,025 before hitting reverse.\nFalling short of the first major resistance level at $10,340.07 and 62% FIB of $10,034, Bitcoin slid to a mid-morning intraday low $9,705.0.\nSteering clear of the first major support level at $9,324.07, Bitcoin bounced back to $10,000 levels before a late slide.\nFalling short of the 62% FIB of $10,034, Bitcoin slid back to $9,700 levels to end the day in the red.\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 mixed day for the pack on Friday.\nBitcoin Cash ABC rose by 2.71% to lead the way.\nBinance Coin (+0.53%), Bitcoin Cash SV (+0.91%), Cardano’s ADA (+1.19%), Litecoin (+0.65%), Stellar’s Lumen (+0.41%), Tezos (+1.14%), and Tron’s TRX (+1.10%) also saw green.\nIt was a bearish day for the rest, however, with Monero’s XMR sliding by 3.52% to lead the way down.\nEOS (-0.64%), Ethereum (-0.43%), and Ripple’s XRP (-0.05%) also joined Bitcoin in the red.\nThrough the current week, the crypto total market cap rose from a Monday low $240.56bn to a Friday high $271.32bn. At the time of writing, the total market cap stood at $269.10bn.\nBitcoin’s dominance held onto 65% levels following Monday’s modest loss, before the mid-week breakout that delivered 68% levels. At the time of writing, Bitcoin’s dominance stood at 67.5%.\n24-hour trading volumes fell to a Tuesday current week low $145.07bn before jumping to a Friday high $205.18bn. At the time of writing, 24-hr volumes stood at $168.77bn.\nAt the time of writing, Bitcoin was up by 0.93% to $9,883.6. Bitcoin fell to an early morning low $9,723.3 before striking a high $9,876.6.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was another bullish start to the day for the rest of the majors.\nBinance Coin and Bitcoin Cash ABC led the way early on, with gains of 1.52% and 1.54% respectively.\nBitcoin would need to avoid sub-$9,840 levels to bring the first major resistance level at $9,976.6 into play.\nSupport from the broader market would be needed, however, for Bitcoin to break out from the morning high $9,876.6.\nBarring a broad-based crypto rally, the first major resistance level would likely leave Bitcoin short of the 62% FIB.\nIn the event of another breakout, the second major resistance level at $10,160.8 would come into play.\nFailure to avoid sub-$9,840 levels could see Bitcoin struggle on the day.\nA fall through back through the morning low $9,723.3 would bring the first major support level at $9,656.6 into play before any recovery.\nBarring a crypto meltdown, however, Bitcoin should steer clear of sub-$9,700 levels.\nThisarticlewas originally posted on FX Empire\n• Gold Price Forecast – Prices Could Exceed $10,000 This Decade\n• E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Strong Over 23796, Weak Under 23571\n• Silver Price Forecast – Silver Markets Rally Towards Top of Range\n• European Equities: A Week in Review – 09/05/20\n• Gold Weekly Price Forecast – Gold Markets Continue Consolidation\n• Crude Oil Weekly Price Forecast – Crude Oil Markets Continue Attempted Recovery', 'Bitcoin fell by 1.88% on Friday. Partially reversing a 9.06% rally from Thursday, Bitcoin ended the day at $9,792.4. A mixed start to the day saw Bitcoin rise to an early morning intraday high $10,025 before hitting reverse. Falling short of the first major resistance level at $10,340.07 and 62% FIB of $10,034, Bitcoin slid to a mid-morning intraday low $9,705.0. Steering clear of the first major support level at $9,324.07, Bitcoin bounced back to $10,000 levels before a late slide. Falling short of the 62% FIB of $10,034, Bitcoin slid back to $9,700 levels to end the day in the red. 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 for the pack on Friday. Bitcoin Cash ABC rose by 2.71% to lead the way. Binance Coin (+0.53%), Bitcoin Cash SV (+0.91%), Cardano’s ADA (+1.19%), Litecoin (+0.65%), Stellar’s Lumen (+0.41%), Tezos (+1.14%), and Tron’s TRX (+1.10%) also saw green. It was a bearish day for the rest, however, with Monero’s XMR sliding by 3.52% to lead the way down. EOS (-0.64%), Ethereum (-0.43%), and Ripple’s XRP (-0.05%) also joined Bitcoin in the red. Through the current week, the crypto total market cap rose from a Monday low $240.56bn to a Friday high $271.32bn. At the time of writing, the total market cap stood at $269.10bn. Bitcoin’s dominance held onto 65% levels following Monday’s modest loss, before the mid-week breakout that delivered 68% levels. At the time of writing, Bitcoin’s dominance stood at 67.5%. 24-hour trading volumes fell to a Tuesday current week low $145.07bn before jumping to a Friday high $205.18bn. At the time of writing, 24-hr volumes stood at $168.77bn. This Morning At the time of writing, Bitcoin was up by 0.93% to $9,883.6. Bitcoin fell to an early morning low $9,723.3 before striking a high $9,876.6. Story continues Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was another bullish start to the day for the rest of the majors. Binance Coin and Bitcoin Cash ABC led the way early on, with gains of 1.52% and 1.54% respectively. For the Bitcoin Day Ahead Bitcoin would need to avoid sub-$9,840 levels to bring the first major resistance level at $9,976.6 into play. Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $9,876.6. Barring a broad-based crypto rally, the first major resistance level would likely leave Bitcoin short of the 62% FIB. In the event of another breakout, the second major resistance level at $10,160.8 would come into play. Failure to avoid sub-$9,840 levels could see Bitcoin struggle on the day. A fall through back through the morning low $9,723.3 would bring the first major support level at $9,656.6 into play before any recovery. Barring a crypto meltdown, however, Bitcoin should steer clear of sub-$9,700 levels. This article was originally posted on FX Empire More From FXEMPIRE: Gold Price Forecast – Prices Could Exceed $10,000 This Decade E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Strong Over 23796, Weak Under 23571 Silver Price Forecast – Silver Markets Rally Towards Top of Range European Equities: A Week in Review – 09/05/20 Gold Weekly Price Forecast – Gold Markets Continue Consolidation Crude Oil Weekly Price Forecast – Crude Oil Markets Continue Attempted Recovery', 'By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - As bitcoin investors brace for a long-awaited technical adjustment that will halve new supply of the cryptocurrency, the coronavirus pandemic has cast uncertainty over the expected rally that has historically accompanied such events. This "halving," the third in bitcoin\'s 11-year history, has been widely flagged. The previous events fueled huge surges in bitcoin\'s market value, but there is a wildcard this time in the form of the coronavirus pandemic, some analysts said. "From an efficient market perspective, any fundamental reaction to the halving should be heavily priced in at this point," said Matt Weller, global head of market research at GAIN Capital. "After all, it\'s hard to imagine a more predictable event than an unalterable supply reduction that has been scheduled for more than a decade in a liquid, heavily-traded ... asset." Bitcoin relies on "mining" computers that validate blocks of transactions by competing to solve mathematical puzzles every 10 minutes. In return, the first miner to solve the puzzle and clear the transaction is rewarded new bitcoins. The technology was designed in such a way that it cuts the reward for miners by half after every 210,000 blocks mined or roughly every four years, a move meant to keep a lid on inflation. That reduction in the rate at which new bitcoin enters the system should theoretically push the price up. The halving could happen as soon as Monday or Tuesday, with most Bitcoin platforms showing that only about 100 blocks needed to be mined before hitting the halving threshold. The mining reward is currently 12.5 bitcoins per block mined. In this week\'s halving, the reward will fall to 6.25 new bitcoins. In the run-up to this week\'s halving, bitcoin had surged nearly 40% since the beginning of the year and climbed more than 85% from its lows. It was last at $8,630, down 14% from last week\'s peak. Story continues By comparison, the dollar index is up 3.3% so far this year. HALF, AND HALF AGAIN The first halving occurred in November 2012 when the mining reward was reduced from 50 bitcoins to 25, and the second occurred in July 2016 when it was further cut to 12.5 bitcoin. This deflationary event has historically signaled the start of bitcoin\'s most dramatic bull runs over a period of several years, although not before a brief sell-off. The previous two bitcoin halvings propelled rallies of about 10,000% from late 2012 to 2014, and roughly 2,500% from mid-2016 to the currency\'s all-time high just shy of $20,000 in December 2017, according to traders. "Historic events don\'t necessarily predict future events, but there\'s a psychological level to it as well," Changpeng Zhao, Founder and CEO of cryptocurrency exchange Binance. "As it will cost the miners almost double to produce bitcoin, they are not willing to sell when the price goes below the psychological level **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-05-09 **Financial & Commodity Data:** - Gold Closing Price: $1709.90 - Crude Oil Closing Price: $24.74 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $179,749,960,750 - Hash Rate: 108878107.851694 - Transaction Count: 312399.0 - Unique Addresses: 631542.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.56 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Two major crypto derivatives markets have seen significant liquidations this week – but while one saw its insurance fund hit an all-time high, the other experienced a dramatic decline. Such market occurrences have led BitMEX's Insurance fund to hit an all-time high of 36,493 BTC. At the same time, the insurance fund maintained by Deribit has been slashed almost by half. The two crypto derivatives exchanges both have insurance funds to pay out the winning party of a trade when its gains cannot be fully covered by the liquidated side. Due to the decline, Deribit announced that it had injected 500 BTC of the company's own funds into the insurance fund, which dropped from 392 BTC on Wednesday to 198 BTC as of Friday. According to the announcement, this move is to prevent liquidation losses from draining the insurance fund and eventually being socialized among users. "Due to extreme volatility, we have seen a significant impact on our BTC insurance fund. In order to prevent socialized losses we have decided to support the insurance fund and strengthen it by injecting 500 BTC of company funds. This has paid off and has protected clients from further losses as the current balance is below that amount," stated the announcement. While Deribit grows its insurance fund by charging fees on executing liquidation orders, BitMEX's fund increases when liquidations are "executed at a price better than the bankruptcy price." This means that when traders are liquidated before hitting the theoretical maximum of their positions, the fund pockets the difference between the two positions. As of the time of writing, a staggering $1.6 billion had been liquidated on BitMEX, boosting the exchange's insurance fund in the last 24 hours. As The Block reported earlier today , the fund lost only 1,627 bitcoins from March 11 to March 12 and saw its balance surged 7.7% since then. 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.
8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04
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 fell from $9,500 to $8,100 on Saturday, posting a 14.6% loss in just 10 short minutes. The price has since recovered covered slightly to nearly $8,800.\nSource: Tradingview\nFollowing the sudden drop, liquidations of BTC perpetual swap reached $226 million on BitMEX.\nSource: Skew\nThe plunge brought the digital asset's month-long rally to a halt. In April, the bitcoin price jumped over 38% from around $6,200 to $8,600. The price continued to rise in early May and had been flirting around the $10,000 level since May 7.\nAlthough bitcoin briefly traversed $10,000 on May 8, the price soon collapsed and now back to its early late April level.\nAdding to the market volatility, the bitcoin halving is just two days away. As the block reward decreases from 12.5 BTC per block to 6.25 BTC, many miners may choose to switch off some mining machines when profit margins become unfavorable.\n© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.", "Bitcoin fell from $9,500 to $8,100 on Saturday, posting a 14.6% loss in just 10 short minutes. The price has since recovered covered slightly to nearly $8,800.\nSource: Tradingview\nFollowing the sudden drop, liquidations of BTC perpetual swap reached $226 million on BitMEX.\nSource: Skew\nThe plunge brought the digital asset's month-long rally to a halt. In April, the bitcoin price jumped over 38% from around $6,200 to $8,600. The price continued to rise in early May and had been flirting around the $10,000 level since May 7.\nAlthough bitcoin briefly traversed $10,000 on May 8, the price soon collapsed and now back to its early late April level.\nAdding to the market volatility, the bitcoin halving is just two days away. As the block reward decreases from 12.5 BTC per block to 6.25 BTC, many miners may choose to switch off some mining machines when profit margins become unfavorable.\n© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.", "Bitcoin fell from $9,500 to $8,100 on Saturday, posting a 14.6% loss in just 10 short minutes. The price has since recovered covered slightly to nearly $8,800. Source: Tradingview Following the sudden drop, liquidations of BTC perpetual swap reached $226 million on BitMEX. Source: Skew The plunge brought the digital asset's month-long rally to a halt. In April, the bitcoin price jumped over 38% from around $6,200 to $8,600. The price continued to rise in early May and had been flirting around the $10,000 level since May 7. Although bitcoin briefly traversed $10,000 on May 8, the price soon collapsed and now back to its early late April level. Adding to the market volatility, the bitcoin halving is just two days away. As the block reward decreases from 12.5 BTC per block to 6.25 BTC, many miners may choose to switch off some mining machines when profit margins become unfavorable. © 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.", 'Bitcoin slid by 2.66% on Saturday. Following a 1.88% fall on Friday, Bitcoin ended the day at $9,537.8.\nA mixed start to the day saw Bitcoin rise to an early morning intraday high $9,900.0 before hitting reverse.\nFalling short of the first major resistance level at $9,976.6, Bitcoin slid to a late morning intraday low $9,606.7.\nBitcoin fell through the first major support level at $9,656.6, before briefly revising $9,870 levels.\nA bearish end to the day left Bitcoin at sub-$9,600.\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 mixed day for the pack on Saturday.\nBitcoin Cash ABC and Tezos led the way, with gains of 1.96% and 2.22% respectively. Bitcoin Cash SV and EOS also avoided the red, with gains of 0.15% and 0.03% respectively.\nIt was a bearish day for the rest of the majors, however.\nBinance Coin and Litecoin led the way down, with losses of 2.10% and 1.66% respectively.\nCardano’s ADA (-1.04%), Litecoin (-1.66%), Monero’s XMR (-0.50%), Ripple’s XRP (-0.97%), Stellar’s Lumen (-0.66%), and Tron’s TRX (-0.43%) also saw red.\nThrough the current week, the crypto total market cap rose from a Monday low $240.56bn to a Friday high $271.32bn. At the time of writing, the total market cap stood at $239.40bn, with a bearish start to the day seeing the market cap slide to a current week low $238.37bn.\nBitcoin’s dominance rose from 65% levels to hit 68% levels on Friday before easing back. At the time of writing, Bitcoin’s dominance stood at 66.9%.\n24-hour trading volumes fell to a Tuesday current week low $145.07bn before jumping to a Friday high $205.18bn. At the time of writing, 24-hr volumes stood at $179.11bn.\nAt the time of writing, Bitcoin was down by 9.22% to $8,658.4. Bitcoin tumbled from an early morning high $9,559.0 to a low $8,101.0.\nSteering clear of the major resistance levels, Bitcoin slid through the major support levels early on. Recovery from the 1st-hour\xa0sell-off saw the third major support level at $8,761.93 pin Bitcoin back.\nElsewhere, it was also a particularly bearish start to the day for the rest of the majors.\nBinance Coin (-10.31%), Bitcoin Cash ABC (-11.65%), Bitcoin Cash SV (-10.57%), EOS (-10.44%), and Tron’s TRX (-10.64%) led the way down.\nBitcoin would need to break back through the major support levels and through to $9,640 levels to bring the first major resistance level at $9,803.87 into play.\nSupport from the broader market would be needed, however, for Bitcoin to break out from the first major support level at $9,367.87.\nBarring a broad-based crypto rebound, resistance at $9,000 would likely pin Bitcoin back on the day.\nIn the event of rebound, resistance at $9,500 would likely leave Bitcoin short of the first major resistance level at $9,803.87.\nFailure to break back through the major support levels will see Bitcoin fall further back into the deep red.\nA fall through back through the morning low $8,101.0 would bring sub-$8,000 levels into play.\nThisarticlewas originally posted on FX Empire\n• The Crypto Daily – Movers and Shakers -10/05/20\n• E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Strong Over 23796, Weak Under 23571\n• Gold Price Forecast – Prices Could Exceed $10,000 This Decade\n• Natural Gas Price Prediction – Prices Drop as Rig Count Barely Drops\n• The Week Ahead – Geopolitics, COVID-19 and Economic Data to Drive the Markets\n• The Weekly Wrap – Crude Oil Prices, Economic Data, and COVID-19 Updates Drive Risk Appetite', 'Bitcoin slid by 2.66% on Saturday. Following a 1.88% fall on Friday, Bitcoin ended the day at $9,537.8. A mixed start to the day saw Bitcoin rise to an early morning intraday high $9,900.0 before hitting reverse. Falling short of the first major resistance level at $9,976.6, Bitcoin slid to a late morning intraday low $9,606.7. Bitcoin fell through the first major support level at $9,656.6, before briefly revising $9,870 levels. A bearish end to the day left Bitcoin at sub-$9,600. 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 for the pack on Saturday. Bitcoin Cash ABC and Tezos led the way, with gains of 1.96% and 2.22% respectively. Bitcoin Cash SV and EOS also avoided the red, with gains of 0.15% and 0.03% respectively. It was a bearish day for the rest of the majors, however. Binance Coin and Litecoin led the way down, with losses of 2.10% and 1.66% respectively. Cardano’s ADA (-1.04%), Litecoin (-1.66%), Monero’s XMR (-0.50%), Ripple’s XRP (-0.97%), Stellar’s Lumen (-0.66%), and Tron’s TRX (-0.43%) also saw red. Through the current week, the crypto total market cap rose from a Monday low $240.56bn to a Friday high $271.32bn. At the time of writing, the total market cap stood at $239.40bn, with a bearish start to the day seeing the market cap slide to a current week low $238.37bn. Bitcoin’s dominance rose from 65% levels to hit 68% levels on Friday before easing back. At the time of writing, Bitcoin’s dominance stood at 66.9%. 24-hour trading volumes fell to a Tuesday current week low $145.07bn before jumping to a Friday high $205.18bn. At the time of writing, 24-hr volumes stood at $179.11bn. This Morning At the time of writing, Bitcoin was down by 9.22% to $8,658.4. Bitcoin tumbled from an early morning high $9,559.0 to a low $8,101.0. Story continues Steering clear of the major resistance levels, Bitcoin slid through the major support levels early on. Recovery from the 1st-hour\xa0sell-off saw the third major support level at $8,761.93 pin Bitcoin back. Elsewhere, it was also a particularly bearish start to the day for the rest of the majors. Binance Coin (-10.31%), Bitcoin Cash ABC (-11.65%), Bitcoin Cash SV (-10.57%), EOS (-10.44%), and Tron’s TRX (-10.64%) led the way down. For the Bitcoin Day Ahead Bitcoin would need to break back through the major support levels and through to $9,640 levels to bring the first major resistance level at $9,803.87 into play. Support from the broader market would be needed, however, for Bitcoin to break out from the first major support level at $9,367.87. Barring a broad-based crypto rebound, resistance at $9,000 would likely pin Bitcoin back on the day. In the event of rebound, resistance at $9,500 would likely le **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-05-10 **Financial & Commodity Data:** - Gold Closing Price: $1709.90 - Crude Oil Closing Price: $24.74 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $179,749,960,750 - Hash Rate: 108878107.851694 - Transaction Count: 312399.0 - Unique Addresses: 631542.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.48 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: 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). Reeling 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. On 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. 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’s trade. “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. “The market clearly wants some sort of fiscal deal in the US which appears to be a struggle due to partisanship,” 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. The 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. • Into the Unknown: No Limit on Fed Money Injections • Bitcoin, Gold Spike as Fed Unveils Unlimited Coronavirus Stimulus Package... - Reddit Posts (Sample): [['u/spurske', 'I will do almost anything for bitcoin.', 12, '2020-05-10 02:02', 'https://www.reddit.com/r/Jobs4Bitcoins/comments/ggqs3u/i_will_do_almost_anything_for_bitcoin/', 'Hi,\n\nI need to earn something to get me through this trying period of COVID and losing my job and to put some food on the table. I will literally do anything ( Legally) to amuse, entertain or satisfy any need you have. (i\\`m that desperate).\n\nPaypal too.', 'https://www.reddit.com/r/Jobs4Bitcoins/comments/ggqs3u/i_will_do_almost_anything_for_bitcoin/', 'ggqs3u', [['u/TheNavigat', 10, '2020-05-10 06:43', 'https://www.reddit.com/r/Jobs4Bitcoins/comments/ggqs3u/i_will_do_almost_anything_for_bitcoin/fq4wfcr/', "What can you do? Sharing your skillset will be helpful.\n\nEDIT: I looked around your profile a bit, seems like you can do web and graphic design.\n\nI have a personal website that needs a proper UI. I'm looking for something simple, single page, no front-end/back-end, just some html and css so that it looks nice. Code needs to be clean and readable though so that I can update it later.\n\nHit me up if you're willing to do that. I don't have too strict requirements, I'm a developer myself and I can do it but I'd like to help you out and also save myself some time. Does $100 sound like a good deal? If not, let me know and we'll negotiate something.", 'ggqs3u']]], ['u/Anarchiste-mouton', 'I bought my first BTC a week ago', 24, '2020-05-10 02:55', 'https://www.reddit.com/r/Bitcoin/comments/ggrnl2/i_bought_my_first_btc_a_week_ago/', "And I've just bought 4x more 3 minutes ago. Yes Yolo", 'https://www.reddit.com/r/Bitcoin/comments/ggrnl2/i_bought_my_first_btc_a_week_ago/', 'ggrnl2', [['u/SumdiLumdi', 17, '2020-05-10 03:08', 'https://www.reddit.com/r/Bitcoin/comments/ggrnl2/i_bought_my_first_btc_a_week_ago/fq42aab/', "mate if anyone was sure they'd be a millionaire", 'ggrnl2']]], ['u/Brett-Collins', 'Im really tired of Coinbase', 201, '2020-05-10 03:19', 'https://www.reddit.com/r/CryptoCurrency/comments/ggs1qg/im_really_tired_of_coinbase/', 'Seriously this is the 5th time this trash exchange crashes once bitcoin moves more than $600.\n\nI am sick of tired of it, you would think that since they charge so much on fees their servers would be able to handle the load... NOT! Fking ridiculous\n\nYou guys have no idea how triggered i am right now. How can a exchange with so much money have so shitty systems. \n\nSo disappointed this is literally the 5th this shitty exchange crashes. This is worse than Cryptopia, seriously will be moving my funds of this exchange ass soon as it’s back up\n\nThis is completely unacceptable for a exchange with so much money.', 'https://www.reddit.com/r/CryptoCurrency/comments/ggs1qg/im_really_tired_of_coinbase/', 'ggs1qg', [['u/areddituser46', 11, '2020-05-10 03:40', 'https://www.reddit.com/r/CryptoCurrency/comments/ggs1qg/im_really_tired_of_coinbase/fq48xft/', "It's crazy. Coinbase is established as well. They should've prepared for this.", 'ggs1qg'], ['u/Brett-Collins', 10, '2020-05-10 03:44', 'https://www.reddit.com/r/CryptoCurrency/comments/ggs1qg/im_really_tired_of_coinbase/fq49pw4/', 'Right?! There probably in the top 3 when it comes to having capital to spend', 'ggs1qg'], ['u/TheAlchemist313', 60, '2020-05-10 03:46', 'https://www.reddit.com/r/CryptoCurrency/comments/ggs1qg/im_really_tired_of_coinbase/fq49z6l/', 'So why use them? There are plenty of alternatives', 'ggs1qg'], ['u/rjnsngh', 37, '2020-05-10 03:52', 'https://www.reddit.com/r/CryptoCurrency/comments/ggs1qg/im_really_tired_of_coinbase/fq4b256/', 'I was using coin base until last year. Moved to Kraken, no complain so far.', 'ggs1qg'], ['u/sirkowski', 16, '2020-05-10 04:42', 'https://www.reddit.com/r/CryptoCurrency/comments/ggs1qg/im_really_tired_of_coinbase/fq4jjan/', "There's a reason the traditional banking system is highly regulated.", 'ggs1qg'], ['u/delgergs122', 21, '2020-05-10 04:43', 'https://www.reddit.com/r/CryptoCurrency/comments/ggs1qg/im_really_tired_of_coinbase/fq4jm88/', 'Yea same. Kraken is the way to go.', 'ggs1qg'], ['u/hummuskitchen', 23, '2020-05-10 08:57', 'https://www.reddit.com/r/CryptoCurrency/comments/ggs1qg/im_really_tired_of_coinbase/fq56815/', 'What if I told you it’s not an accident.', 'ggs1qg'], ['u/hodlrus', 22, '2020-05-10 09:53', 'https://www.reddit.com/r/CryptoCurrency/comments/ggs1qg/im_really_tired_of_coinbase/fq59ms9/', 'You know what’s worse? They had the entire bear market to fix this issue and failed to do so.', 'ggs1qg'], ['u/0-Give-a-fucks', 13, '2020-05-10 12:17', 'https://www.reddit.com/r/CryptoCurrency/comments/ggs1qg/im_really_tired_of_coinbase/fq5hpy1/', "Coinbase Pro had no problems. Why keep using the shitty version of CB when it's literally a click or two of the mouse to start using CB Pro?", 'ggs1qg'], ['u/vitriolic_amalgamati', 24, '2020-05-10 17:23', 'https://www.reddit.com/r/CryptoCurrency/comments/ggs1qg/im_really_tired_of_coinbase/fq64aex/', 'Yeah I love broadcasting copies of my passport all over the internet every chance I get', 'ggs1qg'], ['u/ImbeddedElite', 10, '2020-05-10 19:54', 'https://www.reddit.com/r/CryptoCurrency/comments/ggs1qg/im_really_tired_of_coinbase/fq6kjce/', '🤣 go see a doctor bro', 'ggs1qg']]], ['u/Zectro', "Craig Wright provably defrauded the court when he claimed that a bonded courier had showed up with a list of public addresses asserting what Bitcoin he owned in the Tulip Trust. Andreas Antonopoulos' report explains the proof. Steve Shadders HAS to realise he's been fooled at this point.", 116, '2020-05-10 05:38', 'https://www.reddit.com/r/btc/comments/ggu5mo/craig_wright_provably_defrauded_the_court_when_he/', 'Background: Craig has been ordered to submit a list of all the Bitcoin addresses he owned several times now. The first time he was given a hard deadline by Magistrate Judge Reinhart and simply ignored it. Then, in a last ditch effort to escape contempt of court and/or sanctions Craig Wright asked the CTO of his company nChain, Steve Shadders to spend 2 weeks putting together a list of Bitcoin he thinks belongs to Satoshi, based on statistical criteria that just happened to match the well-known Patoshi pattern analysis. While replicating existing Blockchain research over a space of two weeks as his top-priority, nChain CTO Steve Shadders managed to include a bug that resulted in 1749 addresses that don\'t match the Patoshi pattern. This is going to be important later, so keep it in mind.\n\nThe court wasn\'t happy with this last ditch, buggy, probabilistic attempt at producing the addresses he was commanded to produce, but they were especially unhappy with the litany of provable forgeries, perjurious statements, and evasive and dishonest testimonies from Wright that was impeding discovery and Judge Reinhart administered case-ending sanctions against Mr. Wright in response. \n\nJudge Bloom overturned Reinhart\'s sanctions, though she explicitly agreed with Reinhart\'s credibility findings regarding Wright. She offered Craig a poisoned chalice: \n\n>In light of the Defendant\'s representations that the bonded courier is scheduled to arrive in January 2020, the Court will permit the Defendant through and including February 3, 2020, to file a notice with the court indicating whether or not this mysterious figure has appeared from the shadows and whether the Defendant now has access to the last key slice needed to unlock the encrypted file. In the event this occurs, and further if the Defendant produces his list of Bitcoin Holdings as ordered by the Magistrate Judge, then this Court will not impose any additional sanctions other than the ones discussed above.\n\nWith the not so subtle implication being that Bloom did not believe Craig\'s invocations of a "mysterious bonded courier" and that if he failed to satisfy this burden additional sanctions would be forthcoming.\n\nMr. Wright apparently took this as a forgery challenge, only one where he didn\'t have much respect for the intellect of his adversaries.\n\n[In his report](https://www.courtlistener.com/recap/gov.uscourts.flsd.521536/gov.uscourts.flsd.521536.500.5.pdf) Andreas Antonopoulos labels four separate files of Bitcoin lists, Shadders List, CW, DK, and CSW Filed. \n\nShadders List: The list of Wright\'s Bitcoin Shadders produced with a bug he disclosed that caused the least significant byte of some of the nonces for the Coinbases to fall outside of the range 0-58 (the Patoshi pattern that\'s been used to identify Satoshi\'s Bitcoin), referred to as the Shadders Bug ([this bug is discussed more here](https://np.reddit.com/r/bsv/comments/cr9lnu/steve_shadders_lied_in_court_or_is_a_moron_or/)).\n\nCW List: A list of Wright\'s Bitcoin the Trust produced during settlement negotiations \n\nDK List: A list of Dave Kleiman\'s Bitcoin the trust produced during settlement negotiations.\n\nCSW Filed List: The list of Wright\'s Bitcoin Craig allegedly receive from the bonded courier and then filed with the court in time to attempt to escape sanctions.\n\nBullet points:\n\n* None of the lists include multiple Bitcoin addresses that were known to belong to Satoshi (the Hal Finney transaction address, the Dustin Trammel transaction address, the Mike Hearn Transaction address, etc)\n* All lists of Bitcoins are subsets of the list Shadders provided initially.\n* The CW List and the CSW Filed List are exactly the same, except the CW Filed List omits Bitcoin that was spent on dates between August 6, 2017 and June 27, 2019. As it should, these coins were supposedly locked up in a trust, and inaccessible to the world. On the theory that Wright is not a total fraud it is inexplicable that the Tulip Trust should have provided a list containing coins that were clearly still accessible while they were supposed to be locked up.\n* 3 of the addresses in CSW Filed, the document produced by CSW to avoid contempt of court, allegedly after having received it from the mysterious bonded courier, and which again are supposed to refle... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['The Asia-Pacific shares are trading higher early Monday as investors choose to focus on the future instead of the past. In this case, the positive outlook for the future is being fueled by optimism as more countries restart their economies. Additionally, like Wall Street on Friday, Asian investors are ignoring the worst U.S. employment data since World War II. At 02:56 GMT, Japan’s Nikkei 225 Index is trading 20466.58, up 287.49 or +1.42%. Hong Kong’s Hang Seng Index is at 24685.11, up 454.94 or +1.88% and South Korea’s KOSPI Index is trading 1948.95, up 3.13 or +0.16%. China’s Shanghai Index is trading 2904.23, up 8.88 or +0.31% and Australia’s S&P/ASX 200 Index is at 5455.60, up 64.50 or +1.20%. Hong Kong Bounces Back A week after posting its worst day in 6-weeks, Hong Kong’s Hang Seng Index is bouncing back on Monday. Last week’s selling was fueled by the release of the city’s economic growth data report that showed its biggest-ever quarterly economic contraction. First-quarter GDP dropped 8.9% compared with the same period a year earlier. Monday’s surge is being fueled by carryover buying from Friday that was fueled by Beijing further opening its financial markets to foreign investors and as talks between U.S. and Chinese trade officials lifted sentiment. Global Easing of Coronavirus Lockdowns and Restrictions Main Driver of Strength Asian Traders are not only focusing on the region, but also on the global response to the virus. Investors continue to watch for developments on the coronavirus front amid hopes of global economies reopening as social distancing measures are eased. U.K. Prime Minister Boris Johnson outlined over the weekend a “conditional plan” to slowly reopen society and the economy. Disney is also set to reopen its Disneyland theme park in Shanghai on Monday. Gains May Be Limited by New Virus Infection Headwinds Despite the early strength on Monday, the markets still face headwinds which may limit gains. South Korea warned on Sunday of a potential second wave of cases, according to Reuters. That came days after the country, praised for its rapid response to stem the spread of an initial outbreak, eased restrictions. Infections rebounded to a one-month high. Story continues Meanwhile in China, the National Health Commission (NHC) reported 17 new cases, of which 10 were locally transmitted infections and seven were imported, or attributed to travelers from overseas. New Infections also accelerated in Germany. Japan Plans Second Package to Combat Economic Impact Japan’s Nikkei 225 Index jumped early Monday after Reuters reported, citing the Nikkei newspaper, the country is set to launch a second budget to help the country tide over the economic fallout from the pandemic New measures will include aid for companies struggling to pay rent, and more subsidies for those hit by slowing sales, according to the report. This article was originally posted on FX Empire More From FXEMPIRE: Stocks Resume Rally Despite Miserable Data Bitcoin – Next Buying Opportunity NZD/USD Forex Technical Analysis – Could Accelerate to Upside Over .6176 Fed Members Not Looking for ‘Snap Back’ Economic Recovery Ahead of Powell Speech Wagers on WTI Crude Oil Reach Highest in a Year Riskier Assets Find Early Support. Chatter from Beijing and Washington Could Rock the Boat', 'The Asia-Pacific shares are trading higher early Monday as investors choose to focus on the future instead of the past. In this case, the positive outlook for the future is being fueled by optimism as more countries restart their economies. Additionally, like Wall Street on Friday, Asian investors are ignoring the worst U.S. employment data since World War II. At 02:56 GMT, Japan’s Nikkei 225 Index is trading 20466.58, up 287.49 or +1.42%. Hong Kong’s Hang Seng Index is at 24685.11, up 454.94 or +1.88% and South Korea’s KOSPI Index is trading 1948.95, up 3.13 or +0.16%. China’s Shanghai Index is trading 2904.23, up 8.88 or +0.31% and Australia’s S&P/ASX 200 Index is at 5455.60, up 64.50 or +1.20%. Hong Kong Bounces Back A week after posting its worst day in 6-weeks, Hong Kong’s Hang Seng Index is bouncing back on Monday. Last week’s selling was fueled by the release of the city’s economic growth data report that showed its biggest-ever quarterly economic contraction. First-quarter GDP dropped 8.9% compared with the same period a year earlier. Monday’s surge is being fueled by carryover buying from Friday that was fueled by Beijing further opening its financial markets to foreign investors and as talks between U.S. and Chinese trade officials lifted sentiment. Global Easing of Coronavirus Lockdowns and Restrictions Main Driver of Strength Asian Traders are not only focusing on the region, but also on the global response to the virus. Investors continue to watch for developments on the coronavirus front amid hopes of global economies reopening as social distancing measures are eased. U.K. Prime Minister Boris Johnson outlined over the weekend a “conditional plan” to slowly reopen society and the economy. Disney is also set to reopen its Disneyland theme park in Shanghai on Monday. Gains May Be Limited by New Virus Infection Headwinds Despite the early strength on Monday, the markets still face headwinds which may limit gains. South Korea warned on Sunday of a potential second wave of cases, according to Reuters. That came days after the country, praised for its rapid response to stem the spread of an initial outbreak, eased restrictions. Infections rebounded to a one-month high. Story continues Meanwhile in China, the National Health Commission (NHC) reported 17 new cases, of which 10 were locally transmitted infections and seven were imported, or attributed to travelers from overseas. New Infections also accelerated in Germany. Japan Plans Second Package to Combat Economic Impact Japan’s Nikkei 225 Index jumped early Monday after Reuters reported, citing the Nikkei newspaper, the country is set to launch a second budget to help the country tide over the economic fallout from the pandemic New measures will include aid for companies struggling to pay rent, and more subsidies for those hit by slowing sales, according to the report. This article was originally posted on FX Empire More From FXEMPIRE: Stocks Resume Rally Despite Miserable Data Bitcoin – Next Buying Opportunity NZD/USD Forex Technical Analysis – Could Accelerate to Upside Over .6176 Fed Members Not Looking for ‘Snap Back’ Economic Recovery Ahead of Powell Speech Wagers on WTI Crude Oil Reach Highest in a Year Riskier Assets Find Early Support. Chatter from Beijing and Washington Could Rock the Boat', 'GBP/USDis little changed as the pair stabilizes following the rapid moves seen during the previous week.\nOn Monday, no material economic reports are scheduled for publication in U.S. and UK so GBP/USD dynamics will be influenced by technicals and the general market mood.\nUK Prime Minister Boris Johnson outlined plans for gradual lifting of the lockdown measures including allowing citizens to exercise more than once per day and encouraging those who cannot work remotely to return to their workplaces.\nHowever, the exit from the lockdown is set to be long and it remains to be seen whether the economic rebound will be fast enough to justify the recent market optimism.\nIn an alarming development, China’s Wuhan reported new coronavirus cases, raising questions about the potential second wave of the virus. In all likelihood, the markets will watch the Wuhan situation very closely.\nThe UK is set to provide first-quarterGDP Growthdata on May 12 which will be the most important economic report of the week. Currently, analysts expect that GDP declined by 2.1% year-over-year and contracted by 2.5% quarter-over-quarter.\nIn the U.S., traders will once again focus on newInitial Jobless Claimsreport. The pace of job losses is expected to slow down, and the consensus is that 2.5 million Americans lost jobs during the previous week.\nFrom a big picture point of view, GBP/USD continues to trade in a wide range between the major support level at 1.2250 and the major resistance level at 1.2650.\nCurrently, the pair has settled close to the nearest resistance area between the 20 EMA at 1.2420 and the 50 EMA at 1.2450. This is a material resistance level for GBP/USD, and the pair will likely gain upside momentum in case it manages to settle above it.\nIn this scenario, GBP/USD will head towards the test of the major resistance level at 1.2650, although it will first have to face resistance at 1.2500.\nOn the support side, the nearest support level is located at 1.2350. If this level is breached to the downside, GBP/USD will head towards the major support level at 1.2250.\nThisarticlewas originally posted on FX Empire\n• Natural Gas Price Fundamental Weekly Forecast – Could Firm This Week as Production Falls, Demand Rises\n• USD/JPY Forex Technical Analysis – Momentum Shifts to Upside on Trade Through 107.500\n• E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Could Be Setting Up Closing Price Reversal Top\n• Price of Gold Fundamental Weekly Forecast – Fed Powell’s Comments Should Set the Tone This Week\n• Stocks Resume Rally Despite Miserable Data\n• Bitcoin – Next Buying Opportunity', 'GBP/USD Video 11.05.20. GBP/USD Settles Near The 20 EMA Level GBP/USD is little changed as the pair stabilizes following the rapid moves seen during the previous week. On Monday, no material economic reports are scheduled for publication in U.S. and UK so GBP/USD dynamics will be influenced by technicals and the general market mood. UK Prime Minister Boris Johnson outlined plans for gradual lifting of the lockdown measures including allowing citizens to exercise more than once per day and encouraging those who cannot work remotely to return to their workplaces. However, the exit from the lockdown is set to be long and it remains to be seen whether the economic rebound will be fast enough to justify the recent market opti **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-05-11 **Financial & Commodity Data:** - Gold Closing Price: $1695.30 - Crude Oil Closing Price: $24.14 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $165,324,788,688 - Hash Rate: 125690168.622911 - Transaction Count: 305839.0 - Unique Addresses: 645065.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.40 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Opera’s Andriod browser has expanded its crypto buying feature for all 27 EU countries, as well as four more nations - Australia, New Zealand, Mexico, and Switzerland. The feature allows users to buy bitcoin (BTC) and ether (ETH) directly from Opera’s in-built crypto wallet using a Visa or Mastercard debit card. “Expanding this feature to more regions is key to driving blockchain-adoption,” Charles Hamel, head of crypto at Opera browsers, said in a statement shared with The Block on Monday. Opera has partnered with payments firm Wyre for the initiative. Just earlier this month, Opera brought its crypto buying feature to theU.S.users. The feature is also available in the three Scandinavian countries - Norway, Sweden, and Denmark. Opera has today also partnered with Unstoppable Domains, a blockchain naming system built on Ethereum, to allow users to simplify their wallet address with a .crypto domain name. It allows users to more easily send and receive cryptocurrencies in their wallets, said Opera. The browser-maker has also signed a deal with Protocol Labs, the main firm behind the development of the IPFS (InterPlanetary File System) protocol, to integrate this experience into Opera for Android. This gives users the "ability to access the cloudless, decentralized web of the future through IPFS-protocol support," said Opera.... - Reddit Posts (Sample): [['u/Richard_Whitman', 'Do cryptocurrencies always behave so uniformly?', 18, '2020-05-11 02:24', 'https://www.reddit.com/r/CryptoCurrency/comments/ghd2hb/do_cryptocurrencies_always_behave_so_uniformly/', 'I recently started playing around with cryptos and since the sudden drop of bitcoin from 10k to 8.5k I noticed that others cryptos are following almost EXACTLY the same trend. I was just curious if this is standard? Does bitcoin dictate how well other cryptos perform?', 'https://www.reddit.com/r/CryptoCurrency/comments/ghd2hb/do_cryptocurrencies_always_behave_so_uniformly/', 'ghd2hb', [['u/prydzsavedme', 21, '2020-05-11 02:27', 'https://www.reddit.com/r/CryptoCurrency/comments/ghd2hb/do_cryptocurrencies_always_behave_so_uniformly/fq81xcb/', "Everything's rigged I swear, but I'm always here for the ride", 'ghd2hb'], ['u/bfifty1fifty', 10, '2020-05-11 02:29', 'https://www.reddit.com/r/CryptoCurrency/comments/ghd2hb/do_cryptocurrencies_always_behave_so_uniformly/fq8261t/', 'When Bitcoin is up, the alt coins follow. I think when Bitcoin is up, the reason the other coins increase because people see the bit coin appreciation which motivates investors for the entire crypto market..', 'ghd2hb'], ['u/Rkey_', 10, '2020-05-11 07:40', 'https://www.reddit.com/r/CryptoCurrency/comments/ghd2hb/do_cryptocurrencies_always_behave_so_uniformly/fq8u6dv/', 'Isn’t this just because most of the price is handled by exchanges where you trade cryptos among each other? So Bitcoin is just like their relation to the rest of the world.\n\nYou can sort prices by bitcoin instead of USD on coinmarketcap and see some very different patterns.\n\nI don’t care what coins are worth in USD, I care what they are worth in BTC', 'ghd2hb']]], ['u/skyhermit', 'Block time 10 minutes (600 seconds). Not fixed?', 17, '2020-05-11 03:23', 'https://www.reddit.com/r/BitcoinBeginners/comments/ghe07f/block_time_10_minutes_600_seconds_not_fixed/', "I thought block time was fixed at 10 minutes, 600 seconds sharp. But it doesn't seem like the case. \n\nAs all bitcoin halving countdown websites show different hours left. I know they are just estimation as the block time could be more than 10 minutes or less than 10 minutes\n\nMy question is, what affects the changes in block time? It could be 9 minutes, and sometimes 11 minutes? Is it the hash rate or something else.", 'https://www.reddit.com/r/BitcoinBeginners/comments/ghe07f/block_time_10_minutes_600_seconds_not_fixed/', 'ghe07f', [['u/Xalteox', 24, '2020-05-11 03:43', 'https://www.reddit.com/r/BitcoinBeginners/comments/ghe07f/block_time_10_minutes_600_seconds_not_fixed/fq89sok/', 'Mining is a probabilistic random process that just happens to take an average of 10 minutes, or rather the system is designed to try to keep it that way (in practice its a little less). \n\nIt’s like rolling dice. If you roll a die once per minute, how long on average is it till you roll a 6? \n\nTurns out to be 6 minutes. But you could roll successfully on the first try, or it could take 60 tries.\n\nBitcoin will adjust its “rolling difficulty” to have the average roll time be 10 minutes. Say if you start being able to roll faster, you will get more 6s per minute so the game changes to require you to roll 2 dice and have both get 6s. Bitcoin has a similar process.', 'ghe07f'], ['u/Xalteox', 10, '2020-05-11 04:08', 'https://www.reddit.com/r/BitcoinBeginners/comments/ghe07f/block_time_10_minutes_600_seconds_not_fixed/fq8c915/', '> Does \'hash rate\' and \'difficulty\' affect this?\n\nYes. In my example, rolls per minute would be the equivalent to hash rate and die count would be the equivalent to difficulty. \n\n\nBut sometimes they are not \'in sync\', so when hash rate increases, difficulty hasn\'t increased yet, thus it is easier to mine for a period of time, before it returns back to normal. Is this terminology correct?\n\nIsh. Its not that it becomes easier to mine for any individual miner, just there are more "workers" working on the problem so solutions are found faster. But yes there is a lag time, difficulty is adjusted every 2016 blocks, if there is a significant spike in hashrate within 2016 blocks then blocktimes will become faster.', 'ghe07f']]], ['u/trevandezz', 'Complete Technical Analyses for week of 05/11/2020 (bioc tendies rainmaker??)', 69, '2020-05-11 04:14', 'https://www.reddit.com/r/pennystocks/comments/ghessk/complete_technical_analyses_for_week_of_05112020/', "Yo guys firstly, THANK YOU FOR THE SUPPORT. For real. It would be incredibly difficult for me to want to analyze these charts if no one cared. This evening was a fun time! Thank you to everyone who's been chillin so far. My schedule for live analyses is Sundays and Wednesday evenings. I'll update everyone after the first hour of trading tomorrow.\n\n​\n\n00:00:00 **Disclaimer** (please read) \n\n12:00 **FET**\n\n36:40 **KTOV**\n\n52:55 **My thoughts on Salm10**\n\n01:01:00 **PTE**\n\n01:16:00 **BIOC** \n\n01:45:00 **TAT**\n\n02:07:30 bitcoin talk \n\n02:12:20 More **BIOC** with Risk Management example on Tradingview\n\n02:15:00 **IZEA** recap and prediction\n\n[https://www.twitch.tv/videos/617316763](https://www.twitch.tv/videos/617316763)", 'https://www.reddit.com/r/pennystocks/comments/ghessk/complete_technical_analyses_for_week_of_05112020/', 'ghessk', [['u/christhemix', 12, '2020-05-11 04:21', 'https://www.reddit.com/r/pennystocks/comments/ghessk/complete_technical_analyses_for_week_of_05112020/fq8dgy1/', 'thank you tre! i dont watch your twitch but your support of the community is always welcomed', 'ghessk']]], ['u/_sydney_vicious_', 'Kraken vs Gemini', 17, '2020-05-11 05:23', 'https://www.reddit.com/r/Bitcoin/comments/ghftfd/kraken_vs_gemini/', 'I’m looking to switch over to a new bitcoin exchange from Coinbase and narrowed it down to Kraken or Gemini. For those who’ve used both (or either), which one did you prefer and why? Coinbase would hold my bitcoins for a week after I’d purchased them - do either of these platforms allow you to move your bitcoins into a wallet immediately after purchase?', 'https://www.reddit.com/r/Bitcoin/comments/ghftfd/kraken_vs_gemini/', 'ghftfd', [['u/bnuttall', 15, '2020-05-11 05:32', 'https://www.reddit.com/r/Bitcoin/comments/ghftfd/kraken_vs_gemini/fq8jyre/', "Kraken won't let you purchase bitcoin until your deposit clears\n\nGemini will let you buy imediately but not transfer until deposit clears\n\nI prefer gemini because I can buy immediately, not a big deal to wait 3 days to transfer but I hate having to wait 3 days to buy", 'ghftfd']]], ['u/AutoModerator', '[Daily Discussion] Monday, May 11, 2020', 75, '2020-05-11 06:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/ghgfb0/daily_discussion_monday_may_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 & 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/ghgfb0/daily_discussion_monday_may_11_2020/', 'ghgfb0', [['u/rlsadiz', 45, '2020-05-11 06:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/ghgfb0/daily_discussion_monday_may_11_2020/fq8nkt9/', 'Before this thread closes, block reward is 6.25', 'ghgfb0'], ['u/krom1985', 14, '2020-05-11 06:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/ghgfb0/daily_discussion_monday_may_11_2020/fq8nura/', 'RemindMe! 4 years', 'ghgfb0'], ['u/skyhermit', 17, '2020-05-11 06:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/ghgfb0/daily_discussion_monday_may_11_2020/fq8o7vy/', 'Here for the history (12.5 to 6.25)', 'ghgfb0'], ['u/ask_for_pgp', 63, '2020-05-11 06:32', 'https://www.reddit.com/r/BitcoinMarkets/comments/ghgfb0/daily_discussion_monday_may_11_2020/fq8oxem/', "I was here for the last halvening. I have since moved continents, got engaged and split up, gained 15kg, lost my grandma, finished game of thrones and hired a couple people. Bitcoin is one of the few constants - here's hope I'll have the same amount of coins in 4 years as now and not regret it", 'ghgfb0'], ['u/Best_coder_NA', 37, '2020-05-11 06:32', 'https://www.reddit.com/r/BitcoinMarkets/comments/ghgfb0/daily_discussion_monday_may_11_2020/fq8oyiq/', 'Happy halvening everyone', 'ghgfb0'], ['u/lamboworldforus', 16, '2020-05-11 06:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/ghgfb0/daily_discussion_monday_may_11_2020/fq8pkd7/', "Halvening meme ahead. Celebrate today together bears and bulls. It's unique day.", 'ghgfb0'], ['u/NLDNS', 15, '2020-05-11 06:44', 'https://www.reddit.com/r/BitcoinMarkets/comments/ghgfb0/daily_discussion_monday_may_11_2020/fq8pw2j/', 'I’ve aged 4 years! I’m quite proud of it.', 'ghgfb0'], ['u/thearmthearm', 14, '2020-05-11 06:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/ghgfb0/daily_discussion_monday_may_11_2020/fq8q4lk/', 'Happy halving day everyone. Glad to be a part of it with you all!', 'ghgfb0'], ['u/Treo123', 10, '2020-05-11 06:54', 'https://www.reddit.com/r/Bitcoi... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76
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:** ['By Gertrude Chavez-Dreyfuss\nNEW YORK (Reuters) - Bitcoin slid on Monday in volatile trading, after it went through a technical adjustment that reduced the rate at which new coins are created, but the outlook remained upbeat as the increase in supply slows down.\nMonday\'s "halving" cuts the rewards given to those who "mine" bitcoin to 6.25 new coins from 12.5. The next halving will be in 2024.\nBitcoin relies on so-called "mining" computers that validate blocks of transactions by competing to solve mathematical puzzles every 10 minutes. In return, the first to solve the puzzle and clear the transaction is rewarded new bitcoins.\nIn late afternoon trading, bitcoin was last down 1.3% at $8,620.43 against the dollar on the Bitstamp platform. It briefly turned higher.\n"The incentive is less for miners now to mine bitcoin and they will probably switch to more profitable cryptocurrencies. So in the short term, there\'s going to be pressure for bitcoin," said Edward Moya, senior market analyst at OANDA in New York.\n"But longer term, you\'re probably going to see higher prices. With all the fiscal and monetary stimulus that\'s being pumped into the global economy, there\'s renewed interest from institutional traders looking for alternatives to modern government-backed currencies."\nBitcoin has gained more than 20% since the beginning of the year. It touched $10,000 last week, a roughly three-month high, after Bloomberg reported that hedge fund manager Paul Tudor Jones has backed bitcoin as a hedge against inflation.\nTraders said the prospect of bitcoin\'s halving has fueled gains in the asset this year.\nBitcoin two earlier "halvings"-- one in November 2012 and the other in July 2016 -- had signaled the start of bitcoin\'s most dramatic bull runs over a period of several years, although not before a brief sell-off.\nThe previous two bitcoin events propelled rallies of about 10,000% from late 2012 to 2014, and roughly 2,500% from mid-2016 to the currency\'s all-time high just shy of $20,000 in December 2017, according to traders.\nScott Freeman, co-founder and partner at crypto firm JST Capital, said volatility should subside from its recent highs now that the "halving" has happened.\n"Given that the halving happened without any interruption to crypto markets, we expect to see continued growth in the crypto eco-systems, especially with recent increased interest from institutional investors and the continued buying by retail investors," he added.\n(Reporting by Gertrude Chavez-Dreyfuss; Editing by Sonya Hepinstall and Lisa Shumaker)', 'By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - Bitcoin slid on Monday in volatile trading, after it went through a technical adjustment that reduced the rate at which new coins are created, but the outlook remained upbeat as the increase in supply slows down. Monday\'s "halving" cuts the rewards given to those who "mine" bitcoin to 6.25 new coins from 12.5. The next halving will be in 2024. Bitcoin relies on so-called "mining" computers that validate blocks of transactions by competing to solve mathematical puzzles every 10 minutes. In return, the first to solve the puzzle and clear the transaction is rewarded new bitcoins. In late afternoon trading, bitcoin was last down 1.3% at $8,620.43 against the dollar on the Bitstamp platform. It briefly turned higher. "The incentive is less for miners now to mine bitcoin and they will probably switch to more profitable cryptocurrencies. So in the short term, there\'s going to be pressure for bitcoin," said Edward Moya, senior market analyst at OANDA in New York. "But longer term, you\'re probably going to see higher prices. With all the fiscal and monetary stimulus that\'s being pumped into the global economy, there\'s renewed interest from institutional traders looking for alternatives to modern government-backed currencies." Bitcoin has gained more than 20% since the beginning of the year. It touched $10,000 last week, a roughly three-month high, after Bloomberg reported that hedge fund manager Paul Tudor Jones has backed bitcoin as a hedge against inflation. Traders said the prospect of bitcoin\'s halving has fueled gains in the asset this year. Bitcoin two earlier "halvings"-- one in November 2012 and the other in July 2016 -- had signaled the start of bitcoin\'s most dramatic bull runs over a period of several years, although not before a brief sell-off. The previous two bitcoin events propelled rallies of about 10,000% from late 2012 to 2014, and roughly 2,500% from mid-2016 to the currency\'s all-time high just shy of $20,000 in December 2017, according to traders. Scott Freeman, co-founder and partner at crypto firm JST Capital, said volatility should subside from its recent highs now that the "halving" has happened. "Given that the halving happened without any interruption to crypto markets, we expect to see continued growth in the crypto eco-systems, especially with recent increased interest from institutional investors and the continued buying by retail investors," he added. (Reporting by Gertrude Chavez-Dreyfuss; Editing by Sonya Hepinstall and Lisa Shumaker) View comments', 'By Gertrude Chavez-Dreyfuss\nNEW YORK (Reuters) - Bitcoin slid on Monday in volatile trading, after it went through a technical adjustment that reduced the rate at which new coins are created, but the outlook remained upbeat as the increase in supply slows down.\nMonday\'s "halving" cuts the rewards given to those who "mine" bitcoin to 6.25 new coins from 12.5. The next halving will be in 2024.\nBitcoin relies on so-called "mining" computers that validate blocks of transactions by competing to solve mathematical puzzles every 10 minutes. In return, the first to solve the puzzle and clear the transaction is rewarded new bitcoins.\nIn late afternoon trading, bitcoin was last down 1.3% at $8,620.43 against the dollar on the Bitstamp platform. It briefly turned higher.\n"The incentive is less for miners now to mine bitcoin and they will probably switch to more profitable cryptocurrencies. So in the short term, there\'s going to be pressure for bitcoin," said Edward Moya, senior market analyst at OANDA in New York.\n"But longer term, you\'re probably going to see higher prices. With all the fiscal and monetary stimulus that\'s being pumped into the global economy, there\'s renewed interest from institutional traders looking for alternatives to modern government-backed currencies."\nBitcoin has gained more than 20% since the beginning of the year. It touched $10,000 last week, a roughly three-month high, after Bloomberg reported that hedge fund manager Paul Tudor Jones has backed bitcoin as a hedge against inflation.\nTraders said the prospect of bitcoin\'s halving has fueled gains in the asset this year.\nBitcoin two earlier "halvings"-- one in November 2012 and the other in July 2016 -- had signaled the start of bitcoin\'s most dramatic bull runs over a period of several years, although not before a brief sell-off.\nThe previous two bitcoin events propelled rallies of about 10,000% from late 2012 to 2014, and roughly 2,500% from mid-2016 to the currency\'s all-time high just shy of $20,000 in December 2017, according to traders.\nScott Freeman, co-founder and partner at crypto firm JST Capital, said volatility should subside from its recent highs now that the "halving" has happened.\n"Given that the halving happened without any interruption to crypto markets, we expect to see continued growth in the crypto eco-systems, especially with recent increased interest from institutional investors and the continued buying by retail investors," he added.\n(Reporting by Gertrude Chavez-Dreyfuss; Editing by Sonya Hepinstall and Lisa Shumaker)', 'Beliani Attracts Global Customers with Bitcoin as Payment Option Atlanta, May 12, 2020 (GLOBE NEWSWIRE) -- BitPay , the world’s largest provider of Bitcoin and cryptocurrency payment services, today announced the first large international furniture brand to go live, Beliani , a Europe-based web-only international seller of furniture and home accessories. The company offers over 100,000 on-trend and high-quality pieces for the home and garden, from traditional dining room to contemporary items at greatly reduced prices. For new customers paying in crypto, Beliani is offering £100 off purchases of £400 or more. For additional details, visit Beliani.co.uk/content/bitpay/ BitPay CEO and Co-Founder Stephen Pair said, “It’s great to see Beliani accept crypto adding new furniture options to BitPay users who are looking to spend bitcoin and opening new market opportunities to Beliani.” Over 1 million customers across 16 countries in Europe, including Germany, Switzerland, Austria, UK, France, Italy, Spain, Portugal, the Netherlands, Belgium, Danemark, Sweden, Finland, Polen, Czech Republic and Hungary purchased furniture from Beliani. As the first furniture seller to accept cryptocurrency through BitPay, users can pay with Bitcoin, Bitcoin Cash, XRP and ETH, as well as four dollar-pegged stablecoins, USDC, GUSD, PAX and BUSD, supported by BitPay. “In today’s economic climate it’s easy to see the value BitPay adds by opening up our products to new consumers, and by being an early adopter of a payment technology that’s on the verge of exploding into mainstream adoption,” said Stephan Widmer, CEO with Beliani. Beliani ships internationally so adding BitPay as a payment option made perfect sense since crypto payments are global and have no risk of chargebacks as with traditional credit cards. Implementing BitPay was quick and easy and can save 2 - 3% on each transaction made in crypto versus other payment methods. In the check out page, the BitPay logo is featured alongside other major payment providers to make it easy for customers to choose crypto as a payment option. Beliani anticipates the addition of crypto payments via BitPay, as well as the addition of Beliani to BitPay’s merchant directory, which gives the company access to a broad n **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-05-12 **Financial & Commodity Data:** - Gold Closing Price: $1704.40 - Crude Oil Closing Price: $25.78 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $165,324,788,688 - Hash Rate: 125690168.622911 - Transaction Count: 305839.0 - Unique Addresses: 645065.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.39 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: 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. 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)... - Reddit Posts (Sample): [['u/AutoModerator', '[Daily Discussion] Tuesday, May 12, 2020', 55, '2020-05-12 06:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/gi3p9p/daily_discussion_tuesday_may_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 & 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/gi3p9p/daily_discussion_tuesday_may_12_2020/', 'gi3p9p', [['u/drdixie', 41, '2020-05-12 06:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/gi3p9p/daily_discussion_tuesday_may_12_2020/fqcfm1h/', 'Only 1367 days to go', 'gi3p9p'], ['u/Printer-Pam', 45, '2020-05-12 06:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/gi3p9p/daily_discussion_tuesday_may_12_2020/fqcfoww/', "It's priced in", 'gi3p9p'], ['u/Best_coder_NA', 17, '2020-05-12 06:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/gi3p9p/daily_discussion_tuesday_may_12_2020/fqci0p9/', 'That slow grind back to $10k 😤💪', 'gi3p9p'], ['u/seruzz2003', 10, '2020-05-12 06:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/gi3p9p/daily_discussion_tuesday_may_12_2020/fqci75s/', "Price seems to be edging up nicely. We breach 9k this week?\n\nFrom what I read, it seems the 2016 post halving dump was largely due to a hack job on Bitfinex. Any 2016 OGs willing to share the general sentiment then?\n\nSo if no bad news, we won't have dump for 2020 post halving yeah?\n\n............Right?", 'gi3p9p'], ['u/semirelevantknt', 29, '2020-05-12 07:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/gi3p9p/daily_discussion_tuesday_may_12_2020/fqcjzia/', "Is my thinking wrong here? \n\nThe scenario: Bitcoin after the halving has cut it's reward per block in half, a lot of miners are now mining at a loss and are forced to sell bitcoin as soon as they get it and then some. Their reserves slowly dwindling hoping for better prices in the future.\n\nLarge OTC desks who get their supply of bitcoin from miners essentially get their supply cut in half and need to sustain their business with more liquidity. Where do you think they'll get that from? Eventually all roads point to a increase in spot buying.\n\nIt is just simple supply and demand. Demand is increasing and supply just got cut in half, which is a big fucking deal in any given market.", 'gi3p9p'], ['u/sexyama', 10, '2020-05-12 08:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/gi3p9p/daily_discussion_tuesday_may_12_2020/fqcof0a/', "If Grayscale gobbles up half of Bitcoin's mining supply, there's not enough mined BTC for every OTC desk out there.\n\nOTC desks also buy spot and spread their buys on as many exchanges as they can.", 'gi3p9p'], ['u/PuddingwithRum', 21, '2020-05-12 09:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/gi3p9p/daily_discussion_tuesday_may_12_2020/fqctn5r/', "This thread feels like a penthouse party but 9 am in the morning when everyone is gone and the floor is sticky from beer and champagne.\nWe had many eyes on Bitcoin, but now I don't see any short term reasons that we pump. And these times are too uncertain for sideways action. \nI'm waiting for a good crash to >4000.\nI kinda expect months of low volume and declining interest in crypto before we see the next real bubble.", 'gi3p9p'], ['u/Quintall1', 39, '2020-05-12 09:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/gi3p9p/daily_discussion_tuesday_may_12_2020/fqcu18d/', 'i upvote this bearish nonsense to confuse sentiment bots', 'gi3p9p'], ['u/skyenga1', 16, '2020-05-12 10:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/gi3p9p/daily_discussion_tuesday_may_12_2020/fqcyz0r/', 'Going long here: 50% 10x @ 8735 tight stops. Dips getting bought up, selling power is weak, potential cup&handle on the 15m and it seems that the 200MA on 4H and 1D serves as support for now. Target: 9150 (previously rejected).', 'gi3p9p'], ['u/Mark0Pollo', 13, '2020-05-12 10:59', 'https://www.reddit.com/r/BitcoinMarkets/comments/gi3p9p/daily_discussion_tuesday_may_12_2020/fqcz49r/', "Dude chill it's been like 12 hours since the halving. Maybe if we're still range bound a year from now, I'll start to think something is up.", 'gi3p9p'], ['u/realmadmonkey', 13, '2020-05-12 11:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/gi3p9p/daily_discussion_tuesday_may_12_2020/fqczwzq/', "They can't sell more if they're getting less. Now that mining operations are commercialized miners are holding coins and selling when market conditions are favorable. We're less than a day past the halving, price increases due to actual scarcity are going to take weeks and months to materialize. No one should have expected movement on day one for an event that's been anticipated for years now.", 'gi3p9p'], ['u/Euphoricsoul', 15, '2020-05-12 13:53', 'https://www.reddit.com/r/BitcoinMarkets/comments/gi3p9p/daily_discussion_tuesday_may_12_2020/fqd9wrx/', "Got an email from Ally that they're lowering the interest on my savings account from 1.50% to 1.25%. That 8% interest that BlockFi offers for stablecoins is looking better and better.", 'gi3p9p'], ['u/jgun83', 30, '2020-05-12 14:09', 'https://www.reddit.com/r/BitcoinMarkets/comments/gi3p9p/daily_discussion_tuesday_may_12_2020/fqdb4dg/', 'Coinbase and Gemini now getting banking services from JP Morgan.', 'gi3p9p'], ['u/CONTROLurKEYS', 16, '2020-05-12 15:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/gi3p9p/daily_discussion_tuesday_may_12_2020/fqdgoq4/', 'To me this is a statement on how good they are at tracking their customers (chain analysis) , KYC/AML enforcement and risk management more than it is a statement about bitcoin itself.', 'gi3p9p'], ['u/kvg9', 16, '2020-05-12 15:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/gi3p9p/daily_discussion_tuesday_may_12_2020/fqdhc6v/', 'Longed $8700 2x. Giving [this channel](https://www.tradingview.com/x/1ky0kWkL/) a shot.', 'gi3p9p'], ['u/AccidentalArbitrage', 22, '2020-05-12 16:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/gi3p9p/daily_discussion_tuesday_may_12_2020/fqdmjy6/', "New All Time High in Hash Rate\nhttps://bitinfocharts.com/comparison/bitcoin-hashrate.html#2y\n\nBitcoin is continuing to grow and the industry is getting stronger day by day. \n\nIf you come here every day or every few days, pay attention to the poster's names. This is the part of the cycle where we see permabears start to disappear as they lose everything. \n\nPermabears never go away. They just aren't here very long and are quickly replaced by a fresh batch.", 'gi3p9p'], ['u/kvg9', 11, '2020-05-12 16:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/gi3p9p/daily_discussion_tuesday_may_12_2020/fqdmtgr/', 'It fits my bias :P', 'gi3p9p'], ['u/AccidentalArbitrage', 18, '2020-05-12 16:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/gi3p9p/daily_discussion_tuesday_may_12_2020/fqdnpbd/', 'Study the cycle young one, or you\'ll be exactly who I\'m talking about. One day you\'ll just be gone, you\'ll stop posting here because you don\'t trade any more and think "Bitcoin is dumb" since you lost so much money trying to short this into the ground. And in our celebrations, no one will even notice you\'re not here any more.', 'gi3p9p'], ['u/fatebound', 13, '2020-05-12 16:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/gi3p9p/daily_discussion_tuesday_may_12_2020/fqdp2a3/', '"But.. but... bitcoin dropped 10% therefor we have to talk about it going to 3 digits and its eventual demise NOOooOOOo" - every emotional bear/trader', 'gi3p9p'], ['u/CantBelieveIGotThis', 17, '2020-05-12 17:52', 'https://www.reddit.com/r/BitcoinMarkets/comments/gi3p9p/daily_discussion_tuesday_may_12_2020/fqdyee9/', 'I didn’t actually tell you anything.', 'gi3p9p'], ['u/satoshisbitcoin', 11, '2020-05-12 17:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/gi3p9p/daily_discussion_tuesday_may_12_2020/fqdz3ch/', 'The trend line from the March 12 and April 20 lows held during this downturn. Looks to be a local bottom.', 'gi3p9p'], ['u/drdixie', 15, '2020-05-12 18:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/gi3p9p/daily_discussion_tuesday_may_12_2020/fqe0y0l/', 'Jesus GBTC recovering almost completely from the drop from 10k. They front loaded the drop on friday. Maybe frontloading a rally too?', 'gi3p9p'], ['u/Joloffe', 13, '2020-05-12 18:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/gi3p9p/daily_discussion_tuesday_may_12_2020/fqe14wi/', 'The post-halving dump I was promised on here appears to be malfunctioning.', 'gi3p9p'], ['u/Euphoricsoul', 13, '2020-05-12 18:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/gi3p9p/daily_discussion_tuesday_may_12_2020/fqe2t37/', '[https://www.tradingview.com/x/glfD1Zuw/](https://www.tradingview.com/x/glfD1Zuw/)\n\nWe should be challenging 10.5k in a few days if this channel pattern holds.', 'gi3p9p'], ['u/AromaticSundae', 15, '2020-05-12 19:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/gi3p9p/daily_discussion_tuesday_m... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Bitcoin rallied by 3.00% on Tuesday. Reversing a 1.90% loss from Monday, Bitcoin ended the day at $8,811.4. A bullish morning saw Bitcoin rally from an early intraday low $8,526.4 to a late afternoon intraday high $8,968.0. Falling short of the first major resistance level at $9,064.73, Bitcoin fell back to sub-$8,800 levels before finding late support. Steering well clear of the first major support level at $8,122.73, Bitcoin wrapped up the day at $8,800 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 mixed day on Tuesday. Bitcoin Cash ABC and Bitcoin Cash SV slid by 1.40% and by 1.17% respectively to buck the trend. It was a bullish day for the rest of the majors, however. Stellar’s Lumen surged by 12.16% to lead the way, with Cardano’s ADA (+5.52%) a distant 2 nd . Binance Coin (+4.77%), Monero’s XMR (+3.42%), Tezos (+3.47%), and Tron’s TRX (+3.23%) also found strong support. EOS (+1.60%), Ethereum (+2.24%), Litecoin (+1.83%), and Ripple’s XRP (+2.47%) trailed the front runners. Through the start of the week, the crypto total market cap rose to a Monday high $245.2bn before sliding to a low $229.41bn. The market recovery on Tuesday led to a move back through to $244bn levels before easing back. At the time of writing, the total market cap stood at $242.50bn. Bitcoin’s dominance visited sub-67% levels before rising to a Monday high 67.78%. At the time of writing, Bitcoin’s dominance stood at 67.2%. 24-hour trading volumes rose to an early Monday high $206.86bn before easing back to sub-$140bn levels. At the time of writing, 24-hr volumes stood at $136.45bn. This Morning At the time of writing, Bitcoin was up by 0.71% to $8,874.4. A bullish start to the day saw Bitcoin rise from an early morning low $8,799.5 to a high $8,898.6. Story continues Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed bag for the majors. Monero’s XMR and Bitcoin Cash SV led the way early on, with gains of 0.55% and 0.52% respectively. EOS also found early support (+0.26%). It was a bearish start for the rest, however, with Bitcoin Cash ABC down by 0.80% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to break back through to $8,900 levels to bring the first major resistance level at $9,010.80 into play. Support from the broader market would be needed, however, for Bitcoin to break out from Tuesday’s high $8,968.0. Barring a broad-based crypto rally, the first major resistance level would likely pin Bitcoin back on the day. In the event of rebound, the second major resistance level at $9,210.20 would likely limit any upside on the day. Failure to break back through to $8,900 levels would likely see Bitcoin fall back into the red. A fall through to sub-$8,770 levels would bring the first major support level at $8,569.20 into play. In the event of another extended sell-off, Bitcoin should steer clear of sub-$8,000 levels. The second major support level at $8,327.0 should limit any downside. This article was originally posted on FX Empire More From FXEMPIRE: EUR/USD Mid-Session Technical Analysis for May 12, 2020 Small-Cap Stocks (Russell 2k) Is Headed For A Double Dip? Natural Gas Price Forecast – Natural Gas Markets Pull Back The RBNZ Sinks the Kiwi Dollar as the Focus Shifts to the GBP and GDP Numbers S&P 500 Earnings Preview – Cisco Systems Headlines Large Cap Results S&P 500 Price Forecast – Stock Markets Show Indecision Yet Again at 200 Day EMA', 'Bitcoin rallied by 3.00% on Tuesday. Reversing a 1.90% loss from Monday, Bitcoin ended the day at $8,811.4.\nA bullish morning saw Bitcoin rally from an early intraday low $8,526.4 to a late afternoon intraday high $8,968.0.\nFalling short of the first major resistance level at $9,064.73, Bitcoin fell back to sub-$8,800 levels before finding late support.\nSteering well clear of the first major support level at $8,122.73, Bitcoin wrapped up the day at $8,800 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 mixed day on Tuesday.\nBitcoin Cash ABC and Bitcoin Cash SV slid by 1.40% and by 1.17% respectively to buck the trend.\nIt was a bullish day for the rest of the majors, however.\nStellar’s Lumen surged by 12.16% to lead the way, with Cardano’s ADA (+5.52%) a distant 2nd.\nBinance Coin (+4.77%), Monero’s XMR (+3.42%), Tezos (+3.47%), and Tron’s TRX (+3.23%) also found strong support.\nEOS (+1.60%), Ethereum (+2.24%), Litecoin (+1.83%), and Ripple’s XRP (+2.47%) trailed the front runners.\nThrough the start of the week, the crypto total market cap rose to a Monday high $245.2bn before sliding to a low $229.41bn. The market recovery on Tuesday led to a move back through to $244bn levels before easing back. At the time of writing, the total market cap stood at $242.50bn.\nBitcoin’s dominance visited sub-67% levels before rising to a Monday high 67.78%. At the time of writing, Bitcoin’s dominance stood at 67.2%.\n24-hour trading volumes rose to an early Monday high $206.86bn before easing back to sub-$140bn levels. At the time of writing, 24-hr volumes stood at $136.45bn.\nAt the time of writing, Bitcoin was up by 0.71% to $8,874.4. A bullish start to the day saw Bitcoin rise from an early morning low $8,799.5 to a high $8,898.6.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed bag for the majors.\nMonero’s XMR and Bitcoin Cash SV led the way early on, with gains of 0.55% and 0.52% respectively. EOS also found early support (+0.26%).\nIt was a bearish start for the rest, however, with Bitcoin Cash ABC down by 0.80% to lead the way down.\nBitcoin would need to break back through to $8,900 levels to bring the first major resistance level at $9,010.80 into play.\nSupport from the broader market would be needed, however, for Bitcoin to break out from Tuesday’s high $8,968.0.\nBarring a broad-based crypto rally, the first major resistance level would likely pin Bitcoin back on the day.\nIn the event of rebound, the second major resistance level at $9,210.20 would likely limit any upside on the day.\nFailure to break back through to $8,900 levels would likely see Bitcoin fall back into the red.\nA fall through to sub-$8,770 levels would bring the first major support level at $8,569.20 into play.\nIn the event of another extended sell-off, Bitcoin should steer clear of sub-$8,000 levels. The second major support level at $8,327.0 should limit any downside.\nThisarticlewas originally posted on FX Empire\n• EUR/USD Mid-Session Technical Analysis for May 12, 2020\n• Small-Cap Stocks (Russell 2k) Is Headed For A Double Dip?\n• Natural Gas Price Forecast – Natural Gas Markets Pull Back\n• The RBNZ Sinks the Kiwi Dollar as the Focus Shifts to the GBP and GDP Numbers\n• S&P 500 Earnings Preview – Cisco Systems Headlines Large Cap Results\n• S&P 500 Price Forecast – Stock Markets Show Indecision Yet Again at 200 Day EMA', 'This doesn’t just concern rates or fixed income traders, but the flow-on effects are being felt in FX and equity markets too. The interesting aspect here is that this is not just the US, but the markets are close to pricing a negative interest rates policy (NIRP) from theBoE, while theRBNZhas also said they are talking to their banks about NIRP.\nThere are two ways to look at this argument – the first being whether the market sees negative rates as a positive or a negative for risk assets. The second is the prospect of it happening, just how dark the world would have to be, and importantly, what role could the financial markets play in getting us to the point of negative rates.\nIn terms of the second consideration, other than Fed chair Powell, and perhaps Richard Clarida and Lael Brainard, I will take my cues on NIRP solely from the market on this matter. When the market has a vision they can influence whether NIRP materialises – just as we saw in late 2018 (Fed balance sheet taper) and in the leadup to the global COVID-19 crisis (rate cuts) – when the markets go after an idea and want change in monetary policy the moves in markets can be prolific.\nIt is a little strange how the conversation of negative rates suddenly sprang into life, as there was no one smoking gun. Granted, noted economist Kenneth Rogoff’ well-known views on negative rates have been regurgitated, and we saw ex-Minneapolis Fed president, Narayana Kocherlakota, putting out an opinion piece on the subject. But, for this to become a central theme in markets and attract the attention of multiple Fed speakers, not to mention capture a decent chunk of Stanley Druckenmiller’s overnight speech at the NY Economic Club, is bizarre.\nAt the risk of being a conspiracy theorist, it’s almost like an entity has put out a trial balloon for the market to debate and ultimately remove any taboo. Most Fed members are openly opposed to negative rates, but by openly discussing this it removes much of the shock factor well in advanced.\nThe fact is NIRP is a monetary policy tool they have in their arsenal. Perhaps it’s one that will be deployed behind yield curve control, increased QE, forward guidance or even equity purchases, but it is one they can use, and the market has it on their radar.\nAs Cleveland Fed President Loretta Mester made clear (in her speech overnight) – “we don’t view negative rates as a go-to tool for the Fed”. Fair, but its one they acknowledge and fits in well with a 2019 paper authored by Eric R.Sims and Jing Wu titled ‘Evaluating central banks’ tool kit: Past, present and future’, in which they lay **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-05-13 **Financial & Commodity Data:** - Gold Closing Price: $1713.90 - Crude Oil Closing Price: $25.29 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $165,324,788,688 - Hash Rate: 95268344.370232 - Transaction Count: 296796.0 - Unique Addresses: 619855.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.41 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - Bitcoin slid on Monday in volatile trading, after it went through a technical adjustment that reduced the rate at which new coins are created, but the outlook remained upbeat as the increase in supply slows down. Monday's "halving" cuts the rewards given to those who "mine" bitcoin to 6.25 new coins from 12.5. The next halving will be in 2024. Bitcoin relies on so-called "mining" computers that validate blocks of transactions by competing to solve mathematical puzzles every 10 minutes. In return, the first to solve the puzzle and clear the transaction is rewarded new bitcoins. In late afternoon trading, bitcoin was last down 1.3% at $8,620.43 against the dollar on the Bitstamp platform. It briefly turned higher. "The incentive is less for miners now to mine bitcoin and they will probably switch to more profitable cryptocurrencies. So in the short term, there's going to be pressure for bitcoin," said Edward Moya, senior market analyst at OANDA in New York. "But longer term, you're probably going to see higher prices. With all the fiscal and monetary stimulus that's being pumped into the global economy, there's renewed interest from institutional traders looking for alternatives to modern government-backed currencies." Bitcoin has gained more than 20% since the beginning of the year. It touched $10,000 last week, a roughly three-month high, after Bloomberg reported that hedge fund manager Paul Tudor Jones has backed bitcoin as a hedge against inflation. Traders said the prospect of bitcoin's halving has fueled gains in the asset this year. Bitcoin two earlier "halvings"-- one in November 2012 and the other in July 2016 -- had signaled the start of bitcoin's most dramatic bull runs over a period of several years, although not before a brief sell-off. The previous two bitcoin events propelled rallies of about 10,000% from late 2012 to 2014, and roughly 2,500% from mid-2016 to the currency's all-time high just shy of $20,000 in December 2017, according to traders. Scott Freeman, co-founder and partner at crypto firm JST Capital, said volatility should subside from its recent highs now that the "halving" has happened. "Given that the halving happened without any interruption to crypto markets, we expect to see continued growth in the crypto eco-systems, especially with recent increased interest from institutional investors and the continued buying by retail investors," he added. (Reporting by Gertrude Chavez-Dreyfuss; Editing by Sonya Hepinstall and Lisa Shumaker)... - Reddit Posts (Sample): [['u/1MightBeAPenguin', 'Bringing up u/cryptochecker isn\'t an actual argument, and brings you down to the level of Bitcoin Core Maximalists in the fight to "prove a point"', 32, '2020-05-13 00:01', 'https://www.reddit.com/r/btc/comments/gilgsj/bringing_up_ucryptochecker_isnt_an_actual/', 'I can\'t believe that I have to bring this up, but I find it extremely disappointing that people summon u/cryptochecker when someone disagrees with them in the comments. It isn\'t any better than the Core maximalists we hate calling Bitcoin Cash "bcash", "btrash", or "bcrash". If we want people to take BCH seriously, and understand why BCH is better than BTC, we should actually refute the points that they are making, rather than calling them derogatory terms like "maxi pads" or "coretards". I am probably going to get hate on for this, but I don\'t see BCH going anywhere if people don\'t even make an attempt to actually refute the points of those who disagree. Also being condescending to those who disagree with us isn\'t helping.', 'https://www.reddit.com/r/btc/comments/gilgsj/bringing_up_ucryptochecker_isnt_an_actual/', 'gilgsj', [['u/MarchewkaCzerwona', 15, '2020-05-13 00:05', 'https://www.reddit.com/r/btc/comments/gilgsj/bringing_up_ucryptochecker_isnt_an_actual/fqf9txf/', "I'm with you and I was signaling same view in the past. That was until it was highlighted to me some bsv supporters are here only to engage in extremely dumb arguments just to annoy you.\n\nCryptochecker help me realise that indeed that is the case.\n\n\nCryptochecker is a tool. It can be helpful, it can be abused. Use it wisely.", 'gilgsj'], ['u/BeardedCake', 13, '2020-05-13 00:31', 'https://www.reddit.com/r/btc/comments/gilgsj/bringing_up_ucryptochecker_isnt_an_actual/fqfcwpz/', 'u/Egon_1 is going to downvote this.', 'gilgsj'], ['u/shazvaz', 12, '2020-05-13 00:33', 'https://www.reddit.com/r/btc/comments/gilgsj/bringing_up_ucryptochecker_isnt_an_actual/fqfd6cx/', "It's mostly just one person spamming cryptochecker all over the sub dozens of times per day. It seems like it's probably a full time job for him. Either that or he's just an extremely sad individual. Take a look at his comment history: u/Egon_1\n\nIt really does reduce the quality of the sub quite a bit, but what are you going to do. Shitty people exist and even shittier corporations pay them. It's just the way the world works.", 'gilgsj'], ['u/Bitcoinopoly', 11, '2020-05-13 00:47', 'https://www.reddit.com/r/btc/comments/gilgsj/bringing_up_ucryptochecker_isnt_an_actual/fqfetyi/', '> It really does reduce the quality of the sub quite a bit, but what are you going to do?\n\nWe *can* do something about it, and I\'ve personally grown tired of excessively lazy cryptochecker/shillchecker comments. They\'re not much better than just yelling "SHILL!!!" at someone instead of turning on your brain and putting forth the work needed to explain, "Here\'s why you\'re wrong..."', 'gilgsj'], ['u/phro', 23, '2020-05-13 01:14', 'https://www.reddit.com/r/btc/comments/gilgsj/bringing_up_ucryptochecker_isnt_an_actual/fqfi2gj/', "My biggest complaint is that takes up a ton of space and ruins the flow of the thread. I don't care what it says. I can form my own opinions. \n\nIf the sub CSS could autocollapse it that would be a start. I'd prefer it to be baked into a flair and visible on mouseover or just something that you can toggle on and off.\n\nIf it troubles you so much I'd consider just self banning the account with RES.", 'gilgsj'], ['u/willedandagreed', 17, '2020-05-13 01:42', 'https://www.reddit.com/r/btc/comments/gilgsj/bringing_up_ucryptochecker_isnt_an_actual/fqflbuz/', "It makes the community look bad even if it's a single person who's doing it. The best we can do that isn't censorship is call it out like this and call him out when he does it. He thinks he's helping but he's just making it harder for outsiders to take the discussion here seriously.", 'gilgsj'], ['u/kashb0x', 20, '2020-05-13 02:12', 'https://www.reddit.com/r/btc/comments/gilgsj/bringing_up_ucryptochecker_isnt_an_actual/fqfopuf/', 'Its been pretty excessive, I was honestly fairly disgusted with that Satoshi video thread.\n\nBCH "is for everyone" but the attitude of a few prominent community members and moderators says the opposite and creates a hostile attitude.\n\nIf there is adoption, *there will be more and more new people coming to this sub*.\n\nIf every alternate or uninformed opinon is flagged as "possible troll" its really not better than /bitcoin despite not outright banning or censoring it. You still cast doubt and hostility, and it makes people want to leave and never come back.\n\n/u/egon_1 is the biggest offender by far and makes this sub look like shit. \n\nFight FUD with facts', 'gilgsj'], ['u/OsrsNeedsF2P', 11, '2020-05-13 04:11', 'https://www.reddit.com/r/btc/comments/gilgsj/bringing_up_ucryptochecker_isnt_an_actual/fqg1e3d/', 'Pro-tip: Downvotes hide it too', 'gilgsj'], ['u/jonas_h', 13, '2020-05-13 05:11', 'https://www.reddit.com/r/btc/comments/gilgsj/bringing_up_ucryptochecker_isnt_an_actual/fqg79l8/', 'My r/btc experience became so much better when I blocked egon and a bunch of other high profile spammers such as loopnester.', 'gilgsj'], ['u/relephants', 12, '2020-05-13 06:34', 'https://www.reddit.com/r/btc/comments/gilgsj/bringing_up_ucryptochecker_isnt_an_actual/fqgeu40/', 'This so much. It’s just wasted spam. I try to have an actual conversation with someone or want to read people posting, but I have to constantly scroll down because anyone who has a dissenting opinion is automatically crypto checked. I’ve been calling it out for months. \n\nIt needs to go.', 'gilgsj']]], ['u/martin1592', '[H] iBUYPOWER and Titan Katowice 2014 Holo unapplied [W] $10500, $12000 BTC (21, 24 DC Hooks)', 141, '2020-05-13 01:09', 'https://www.reddit.com/r/GlobalOffensiveTrade/comments/gimpd5/h_ibuypower_and_titan_katowice_2014_holo/', "iBUYPOWER Katowice 2014 Holo \nB/O $10500 or 21 DC Hooks \n\n---------------------\n\nTitan Katowice 2014 Holo \nB/O $12000 or 24 DC Hooks \n\n--------------\n[Cash rep](https://steamcommunity.com/groups/CSGOREPorts/discussions/5/1693785669860055275/) \n^^I ^^don't ^^go ^^first \n\n[Trade offer link](https://steamcommunity.com/tradeoffer/new/?partner=843504900&token=1-ivcyoX) or [Add me](https://steamcommunity.com/profiles/76561198803770628)", 'https://www.reddit.com/r/GlobalOffensiveTrade/comments/gimpd5/h_ibuypower_and_titan_katowice_2014_holo/', 'gimpd5', [['u/martin1592', 29, '2020-05-13 02:21', 'https://www.reddit.com/r/GlobalOffensiveTrade/comments/gimpd5/h_ibuypower_and_titan_katowice_2014_holo/fqfpq50/', 'At this moment, yes', 'gimpd5'], ['u/SirMiguelito', 10, '2020-05-13 05:02', 'https://www.reddit.com/r/GlobalOffensiveTrade/comments/gimpd5/h_ibuypower_and_titan_katowice_2014_holo/fqg6evr/', 'People who have ibp want to sell it for a price lower than the the ones that have titans.', 'gimpd5'], ['u/JuanMataCFC', 107, '2020-05-13 05:08', 'https://www.reddit.com/r/GlobalOffensiveTrade/comments/gimpd5/h_ibuypower_and_titan_katowice_2014_holo/fqg6yup/', "Reason? nah there aren't any Reason holos in this post. ^/s", 'gimpd5'], ['u/martin1592', 29, '2020-05-13 05:17', 'https://www.reddit.com/r/GlobalOffensiveTrade/comments/gimpd5/h_ibuypower_and_titan_katowice_2014_holo/fqg7t1f/', 'There have been way more recent crafts with Titan, causing even more people to want to craft more items, and all this brings the supply lower and lower', 'gimpd5'], ['u/Atsushi_Murasakibara', 16, '2020-05-13 05:22', 'https://www.reddit.com/r/GlobalOffensiveTrade/comments/gimpd5/h_ibuypower_and_titan_katowice_2014_holo/fqg8bse/', 'Just wondering why would you sell such a good investment items?', 'gimpd5'], ['u/martin1592', 57, '2020-05-13 05:39', 'https://www.reddit.com/r/GlobalOffensiveTrade/comments/gimpd5/h_ibuypower_and_titan_katowice_2014_holo/fqg9wdl/', 'I have a better use for the money at this time', 'gimpd5'], ['u/Knhone', 20, '2020-05-13 07:07', 'https://www.reddit.com/r/GlobalOffensiveTrade/comments/gimpd5/h_ibuypower_and_titan_katowice_2014_holo/fqghiqc/', 'Fundamentally, economically, it is. Well, that and the greater demand for titans in proportion to the supply for titans than ibps.', 'gimpd5'], ['u/Buckling', 10, '2020-05-13 09:47', 'https://www.reddit.com/r/GlobalOffensiveTrade/comments/gimpd5/h_ibuypower_and_titan_katowice_2014_holo/fqgswu2/', 'damn rich people', 'gimpd5'], ['u/reddotdaan', 26, '2020-05-13 11:42', 'https://www.reddit.com/r/GlobalOffensiveTrade/comments/gimpd5/h_ibuypower_and_titan_katowice_2014_holo/fqgzv98/', 'Gotta buy that Nintendo Switch with Animal Crossing', 'gimpd5'], ['u/lemon1112', 12, '2020-05-13 11:44', 'https://www.reddit.com/r/GlobalOffensiveTrade/comments/gimpd5/h_ibuypower_and_titan_katowice_2014_holo/fqh0018/', "Had 2 titan holo and 1 ibp holo a few years back. I thought it was a good time to sell them back then. :')", 'gimpd5'], ['u/yoshiraep', 12, '2020-05-13 13:51', 'https://www.reddit.com/r/GlobalOffensiveTrade/comments/gimpd5/h_ibuypower_and_titan_katowice_2014_holo/fqh820h/', " [https://imgur.com/a/hBxlzYA](https://imgur.com/a/hBxlzYA) i'm just gonna leave this here", 'gimpd5']]], ['u/UNABLE_STBY', 'The 25 Controllers You Will Work With', 166, '2020-05-13 02:30', 'https://www.reddit.com/r/ATC/comments/gio4ha/the_25_controllers_you_will_work_with/', '1) The private pilot turned ATC who should’ve probably stayed a pilot. Has to explain in the moment why the crossing restriction you just gave is “tough”.\n\n2) The bearded guy who spends too much time talking about breweries. Loves a baseball team a million miles away from your facility. \n\n3) Old guy #1, ‘rule guy’. Has to point out every rule ever and when it’s not being followed. \n\n4) NATCA BRO. No explanation needed. \n\n5) Black chick #1 who axes like she’s a victim the moment she arrives at work. Never is assigned a challenging position. \n\n6) Black chick #2, who everyone likes 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.
9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Bitcoin’s correlation to stock index S&P 500 has declined significantly, hinting that the two asset classes no longer move in the same direction.\nThe correlation between bitcoin and S&P 500, measured viaBTC/USDon Coinbase andS&P 500 futures, has touched a two-month low.\nThe current correlation between the two asset classes is 0.15, which means it is nearly negligible. About a month ago, on April 16, the correlation was moderately positive at 0.53.\nSource: TradingView, The Block ResearchA near-zero correlation between two assets indicates that there is no relationship between them or that they do not move in the same direction.\nCorrelation is expressed as a number between +1 and -1. +1 indicates an absolute positive correlation between two assets, meaning they always move together in the same direction. -1 indicates a total negative correlation, meaning two assets always move in opposite directions of each other.\nHaving two low-correlated or uncorrelated assets in a portfolio helps lower overall volatility.\n© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.', 'Bitcoin’s correlation to stock index S&P 500 has declined significantly, hinting that the two asset classes no longer move in the same direction.\nThe correlation between bitcoin and S&P 500, measured viaBTC/USDon Coinbase andS&P 500 futures, has touched a two-month low.\nThe current correlation between the two asset classes is 0.15, which means it is nearly negligible. About a month ago, on April 16, the correlation was moderately positive at 0.53.\nSource: TradingView, The Block ResearchA near-zero correlation between two assets indicates that there is no relationship between them or that they do not move in the same direction.\nCorrelation is expressed as a number between +1 and -1. +1 indicates an absolute positive correlation between two assets, meaning they always move together in the same direction. -1 indicates a total negative correlation, meaning two assets always move in opposite directions of each other.\nHaving two low-correlated or uncorrelated assets in a portfolio helps lower overall volatility.\n© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.', 'Bitcoin\x92s correlation to stock index S&P 500 has declined significantly, hinting that the two asset classes no longer move in the same direction. The correlation between bitcoin and S&P 500, measured via BTC/USD on Coinbase and S&P 500 futures , has touched a two-month low. The current correlation between the two asset classes is 0.15, which means it is nearly negligible. About a month ago, on April 16, the correlation was moderately positive at 0.53. Source: TradingView, The Block Research A near-zero correlation between two assets indicates that there is no relationship between them or that they do not move in the same direction. Correlation is expressed as a number between +1 and -1. +1 indicates an absolute positive correlation between two assets, meaning they always move together in the same direction. -1 indicates a total negative correlation, meaning two assets always move in opposite directions of each other. Having two low-correlated or uncorrelated assets in a portfolio helps lower overall volatility. © 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. View comments', 'From the technical analysis side,Bitcoingot support after a dip to a 200-day moving average near $8,500. If bitcoin can go above the big round level 10K, it will give hope to the whole crypto market.\nMarket sentiment on the eve of halving could not be called cheerful. There was quite a lot of equipment for bitcoin mining, which barely made any profit. After the reward reducing, these ASICs would have to be turned off. According to the latest data from The Block, the reduction in hash rate after halving has already been 16%.\nThe miners’ revenues have dropped by 44%. However, now market participants are waiting for a recalculation of the difficulty, which will slightly correct the situation. Anyway, this may only be the beginning of the process, as even more efficient devices for mining barely pay off.\nIt is highly probable that some of the miners will start selling their assets to cover the losses. Others will go out of business, and if they have debts, they will also have to cover their costs by selling coins. It will also be possible to talk about continuing the process of consolidation of the mining market participants, as well as even more centralization of computing power. For a decentralized project, this sounds like bad news.\nHowever, this may only be the first shock. As bitcoin pricing is now driven not only by miners and retail investors but also by large institutional investors and funds, clashes can be mitigated by increased trading volumes and\xa0the\xa0diversity of participants. CoinMarketCap data shows that current average trading volumes are several times higher than the peak values of 2017. The market has grown, matured, and it is very likely that\xa0current\xa0events in the global economy will have a more significant impact on the coin.\nSad news for the “crypto” as a whole came from the US. Expelled from Russia, Pavel Durov (Vkontakte and Telegram founder)\xa0 can’t launch his cryptocurrency in integration with Telegram messenger in the US. American courts are on the side of the SEC, once again confirming the main idea of the US monetary authorities: no competitors to the dollar will be allowed into the mainstream.\nThe TON technology will be used, but without the user base of the messenger, it won’t be of interest. A similar fate awaited Libra, which leads us to the idea that the crypto market will be allowed to live only in its current state and size, waiting for the launch of official national cryptocurrencies.\nby Alex Kuptsikevich, the FxPro senior financial analyst.\nThisarticlewas originally posted on FX Empire\n• US Open – Waking From a Stimulus Induced Dream – Oil, Gold and BTC in Focus\n• GBP/JPY Price Forecast – British Pound Drifts Lower Against Japanese Yen\n• Powell Sends a Message With Love for Gold\n• GBP/USD Price Forecast – British Pound Falls Against US Dollar Again\n• U.S. Stocks Set To Open Lower After Another Disappointing Initial Jobless Claims Report\n• Is This The Start of Long-Awaited Downswing?', 'From the technical analysis side, Bitcoin got support after a dip to a 200-day moving average near $8,500. If bitcoin can go above the big round level 10K, it will give hope to the whole crypto market. Market sentiment on the eve of halving could not be called cheerful. There was quite a lot of equipment for bitcoin mining, which barely made any profit. After the reward reducing, these ASICs would have to be turned off. According to the latest data from The Block, the reduction in hash rate after halving has already been 16%. The miners\x92 revenues have dropped by 44%. However, now market participants are waiting for a recalculation of the difficulty, which will slightly correct the situation. Anyway, this may only be the beginning of the process, as even more efficient devices for mining barely pay off. It is highly probable that some of the miners will start selling their assets to cover the losses. Others will go out of business, and if they have debts, they will also have to cover their costs by selling coins. It will also be possible to talk about continuing the process of consolidation of the mining market participants, as well as even more centralization of computing power. For a decentralized project, this sounds like bad news. However, this may only be the first shock. As bitcoin pricing is now driven not only by miners and retail investors but also by large institutional investors and funds, clashes can be mitigated by increased trading volumes and\xa0the\xa0diversity of participants. CoinMarketCap data shows that current average trading volumes are several times higher than the peak values of 2017. The market has grown, matured, and it is very likely that\xa0current\xa0events in the global economy will have a more significant impact on the coin. Sad news for the \x93crypto\x94 as a whole came from the US. Expelled from Russia, Pavel Durov (Vkontakte and Telegram founder)\xa0 can\x92t launch his cryptocurrency in integration with Telegram messenger in the US. American courts are on the side of the SEC, once again confirming the main idea of the US monetary authorities: no competitors to the dollar will be allowed into the mainstream. Story continues The TON technology will be used, but without the user base of the messenger, it won\x92t be of interest. A similar fate awaited Libra, which leads us to the idea that the crypto market will be allowed to live only in its current state and size, waiting for the launch of official national cryptocurrencies. by Alex Kuptsikevich, the FxPro senior financial analyst. This article was originally posted on FX Empire More From FXEMPIRE: US Open \x96 Waking From a Stimulus Induced Dream \x96 Oil, Gold and BTC in Focus GBP/JPY Price Forecast \x96 British Pound Drifts Lower Against Japanese Yen Powell Sends a Message With Love for Gold GBP/USD Price Forecast \x96 British Pound Falls Against US Dollar Again U.S. Stocks Set To Open Lower After Another Disappointing Initial Jobless Claims Report Is This The Start of Long-Awaited Downswing?', 'From the technical analysis side,Bitcoingot support after a dip to a 200-day moving average near $8,500. If bitcoin can go above the big round level 10K, it will give hope to the whole crypto market.\nMarket sentiment on the eve of hal **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-05-14 **Financial & Commodity Data:** - Gold Closing Price: $1738.10 - Crude Oil Closing Price: $27.56 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $165,324,788,688 - Hash Rate: 95268344.370232 - Transaction Count: 296796.0 - Unique Addresses: 619855.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.40 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Stephanie Hurder, a CoinDesk columnist, is a founding economist atPrysm Group, an economic advisory focused on the implementation of emerging technologies, and an academic contributor to the World Economic Forum. She has a PhD in Business Economics from Harvard. “I’ve read the plans to reopen the economy. They’re scary.” That’s how Vox journalist Ezra Klein titled his piece reviewing four plans to transition the U.S. economy out of COVID-19 lockdown. Discussing the Herculean societal shifts required to implement contact tracing, which include requiring almost every American to download a geo-tracking app to their phone, he writes: “The technological and political obstacles are massive…Who is trusted enough, in this country in this moment, to shape this?” Related:The Rise of ASICs: A Step-by-Step History of Bitcoin Mining Countries planning for the end of COVID-19 lockdowns face a host of daunting technological, government and public health challenges. One of these challenges is implementing a contact tracing system that doesn’t double as a dystopian surveillance tool. But there are more. How can governmentsquickly, credibly and transparently distribute government assistanceto individuals, especially the unbanked? How can companies enable adaptive supply chains for high-demand goods such as PPE and ventilators, including the potential for 3D printed goods? How can data be shared across independent organizations and entities, such as hospital groups, states and cities, that don’t normally collaborate? The list goes on and on. See also:Stephanie Hurder – How Blockchain Tech Can Make Coronavirus Relief More Effective As an economist advising permissionless and enterprise blockchain projects, I spend as much time explaining why DLT isnotuseful as why it is useful. What is stunning to me about the list of challenges above ishow many of them DLT could help to solve. DLT has an opportunity to add tremendous value to the United States at this time of huge societal and economic upheaval. To see why, it’s essential to understand the levers by which DLT and associated technologies, such as smart contracts and zero-knowledge proofs, create value. At Prysm Group, we have developed a framework for DLT value creation we callthe 3 Cs, which I previously discussedhere: • Coordination:A shared ledger enables the use of a unified set of data across various companies and organizations. This reduces the costs of sharing and reconciling data, and enables insights derived from multiple data sources. • Commitment:Smart contracts and distributed consensus increase the credibility of agreements to take future actions and make payments. The cost of executing and enforcing contracts goes down. • Control:Distributed storage and zero-knowledge proofs allow data owners to selectively share their sensitive or personal data, making them more likely to participate in data sharing consortia. Related:China’s National Blockchain Will Change the World Combined with tailored, use case-specific design choices, these are exactly the types of tools that can help solve major virus-driven problems. In previous columns, my colleague Cathy Barrera and I have discussed how DLT can add value bycredibly implementing automatic stimulus paymentsandenabling marketplaces for 3D printed supplies. Consider now the case of contact tracing. SIMBA Chain, a DARPA-funded government contractor, is partnering with the Stanford Medicine Healthcare Innovation Lab and Prysm Group to develop an incentive-compatible, privacy-preserving solution that won’t require users to expose their personal data. The solution, which leverages zero-knowledge proof technology to enable privacy protection, retools a secure blockchain messaging systemdeveloped for the U.S. Department of Defenseand integrates adisease detection AI algorithmleveraging consumer wearables. The ability to create projects from the ground up without relying entirely on governments, universities or large corporations has never been more important. Aside from the technology itself, the decentralized governance structures established by the DLT community provide another path to address COVID-19 induced problems such as contact tracing and adaptive supply chain management as our standard institutions struggle. As the federal government stays paralyzed, universities are overwhelmed by the transition to online instruction,companies lay off hundreds of workers, and states and localities look tocreate their own ad-hoc governing coalitions, the ability to create projects from the ground up without relying entirely on governments, universities or large corporations has never been more important. DLT projects will need to engage in smart economic design to deliver solutions to problems of this magnitude. In order to gain adoption and have real, positive impact, those projects should consider the following: The Verge tech journalist Casey Newton says adoption rates for even the most successful contact tracing applicationshave been universally low.Even the best technologies – especially contact tracing solutions – are of little use if no one will use them. Understanding how individuals make the choice of whether or not to adopt a technology, and how to incentivize them to adopt these new solutions using both monetary and non-monetary levers, is essential for any large-scale program. Designing effective incentives requires a deep understanding of how people will use (and potentially misuse) products, and expert knowledge of the systems and environments in which the product will operate. This understanding cannot develop in a bubble; it requires ongoing communication with users and subject-matter experts. Public health, law and economics insights will be essential to incorporate throughout the development process. DLT-based projects exhibitnetwork effects: their value grows as more users join. Projects that are developed in response to the current crisis may initially need to be funded with public money, but can evolve to be fiscally self-sustaining in the long run. Platform development teams should focus on bootstrapping early, building a robust user base, and then shift to monetization and profitability as the economic value delivered increases. See more:COVID-19 Tracing Apps Have to Go Viral to Work. That’s a Big Ask For example, if the privacy-preserving contact tracing system discussed above is adopted widely, this could lead to significantly reduced costs for insurance companies, who would face huge fiscal challenges if millions of people become infected with COVID-19 and require intensive medical care. While the willingness to invest upfront to launch such a project may be low due to the substantial uncertainty in the current environment, in the long term health care payers could have significant willingness to pay to sustain such a service. A product offering like this could be a valuable addition to existing large blockchain consortia already working in healthcare, such as the Health Utility Network or Synaptic Health Alliance. The challenges presented by COVID-19 require drastic and creative solutions. Blockchain and DLT have the right features to address some of the biggest obstacles to overcoming these challenges. If groups currently building with these technologies rise to the occasion using the right economic approach, DLT has the potential to shift from a niche technology to mainstream contribution. • COVID-19 Tracing Apps Have to Go Viral to Work. That’s a Big Ask • Money Reimagined: A World Where Privacy and Saving Lives Can Coexist... - Reddit Posts (Sample): [['u/Akashi_dragneel', 'Always getting a grey demon in the deathmatch... Annoying.', 13, '2020-05-14 03:14', 'https://www.reddit.com/r/SDSGrandCross/comments/gjcbbq/always_getting_a_grey_demon_in_the_deathmatch/', 'Been playing just for a few days and I need the red horns from the red demon boss but always ends up with the grey wingged btch \\~ any idea why coz im pretty sure it aint just bad luck anymore', 'https://www.reddit.com/r/SDSGrandCross/comments/gjcbbq/always_getting_a_grey_demon_in_the_deathmatch/', 'gjcbbq', [['u/Luna1345', 10, '2020-05-14 03:16', 'https://www.reddit.com/r/SDSGrandCross/comments/gjcbbq/always_getting_a_grey_demon_in_the_deathmatch/fqk2br0/', 'Something i saw someone else talk abt was make a second account that only has up to red demon unlocked so when u need red horns unlock demons off of that acc and invite your main acc', 'gjcbbq']]], ['u/iguano80', 'There is something bad about nano?', 50, '2020-05-14 03:20', 'https://www.reddit.com/r/nanocurrency/comments/gjceix/there_is_something_bad_about_nano/', "Hi Guys, I'm long time bitcoiner and new to nano, I mean I heard about it long ago but never paid attention.\n\nBut today I did some testing and research and honestly blew my head off.\n\nSo that is why I'm asking this, there is something bad about nano? where is the catch? all I see and read is positive, I don't understand why is not being used more.\n\n​\n\nthanks.", 'https://www.reddit.com/r/nanocurrency/comments/gjceix/there_is_something_bad_about_nano/', 'gjceix', [['u/mlgoody', 30, '2020-05-14 19:43', 'https://www.reddit.com/r/nanocurrency/comments/gjceix/there_is_something_bad_about_nano/fqmiw27/', 'We’ve been trying to blow the heads off of people who love BTC for a long time. Nano does what it says, how it says it. There’s so much noise about what could be the future with other coins (never to materialize), that I think it’s hard for the reality of how nano actually works to break through.', 'gjceix'], ['u/c0wt00n', 29, '2020-05-14 19:48', 'https://www.reddit.com/r/nanocurrency/comments/gjceix/there_is_something_bad_about_nano/fqmjnej/', "There isn't really a catch, it works, it's fast\n\nmostly it's not being used more because like all of crypto there's not really anywhere to use it. Crypto has turned into a speculative asset, with the general public only knowing about BTC. Nano was built to do one thing and do it well, and that's to be used as a currency, so for it to shine it needs to be used. Going to take time for that to happen, Crypto in general has to mature and become something other than people wanting to get rich.\n\nIt's kind of a chicken and egg thing, who's going to use it if there is nowhere to use it? And who's going to accept it, if no one uses it.\n\nProbably nothing is going to change until (if) bitcoin goes on another bull run and the high fees and terrible experience using BTC drive people to look at other options.", 'gjceix'], ['u/zily88', 14, '2020-05-14 21:31', 'https://www.reddit.com/r/nanocurrency/comments/gjceix/there_is_something_bad_about_nano/fqmwjtn/', "!ntip .5 Welcome! \n\n\nMostly, there just isn't a big industry behind it yet e.g. miners and financial institutions. \n\n\nAs for the bad stuff, well there was some bad PR with the Bitgrail incident. There are some critiques also of it not providing a good consensus mechanism since there is no financial incentive, but I think this is a good thing and it is well rebutted. \n\n\nIf you have critiques, feel free to post them here!", 'gjceix'], ['u/-Warno-', 12, '2020-05-14 21:41', 'https://www.reddit.com/r/nanocurrency/comments/gjceix/there_is_something_bad_about_nano/fqmxsvv/', 'There were issues with the first historic exchanges where Nano was listed back in 2018 which dumped the price hard during the burst of the crypto bubble.\n\nNothing to do with the tech, though, which I believe is the best, and the dev community has been working very hard even in difficult times for the community', 'gjceix'], ['u/iguano80', 17, '2020-05-14 22:05', 'https://www.reddit.com/r/nanocurrency/comments/gjceix/there_is_something_bad_about_nano/fqn0slo/', ">If you have critiques, feel free to post them here!\n\nWell honestly I don't, that is why I'm asking \nMy plan is to buy some coins and think how to help, I really believe that crypto is a good thing for humanity, is just that maybe bitcoin lose the path\n\nNano makes me exited like the first time I read about bitcoin...", 'gjceix'], ['u/gaspper', 12, '2020-05-14 23:05', 'https://www.reddit.com/r/nanocurrency/comments/gjceix/there_is_something_bad_about_nano/fqn89wd/', "Thanks for being open minded!\nOne thing I would point out is that Bitcoin is more 'proven' than Nano in terms of network safety. Not because Nano had issues but because the network is relatively young.", 'gjceix'], ['u/Tutaweza', 12, '2020-05-14 23:36', 'https://www.reddit.com/r/nanocurrency/comments/gjceix/there_is_something_bad_about_nano/fqnc2dl/', 'From a scaling standpoint, Nano is likely more ready than Bitcoin.', 'gjceix'], ['u/Hulkstr8', 21, '2020-05-14 23:39', 'https://www.reddit.com/r/nanocurrency/comments/gjceix/there_is_something_bad_about_nano/fqnccer/', "I was just going to make a post about how blown away I was about Nano.\n\nI didn't believe the claims. I am shocked. I only have a small amount of Nano now but I am pretty excited about the future.", 'gjceix'], ['u/Tutaweza', 15, '2020-05-14 23:56', 'https://www.reddit.com/r/nanocurrency/comments/gjceix/there_is_something_bad_about_nano/fqnehy5/', 'This is worth a read: https://www.reddit.com/r/nanocurrency/comments/ch2874/nano_security/', 'gjceix']]], ['u/GloriousBand', 'Communist opinion on bitcoin?', 41, '2020-05-14 04:51', 'https://www.reddit.com/r/DebateCommunism/comments/gjdu1m/communist_opinion_on_bitcoin/', 'Had a more liberally-minded acquaintance of mine tell me today that bitcoin was a way to "strike a blow at the capitalists" today. I, being of a socialist bent myself, have an inherent distrust of any kind crypotcurrency that seems to me to rely on pure speculative appraising and market gaming in order to profit by it (same as stock speculating). \n\nWhat are other communists\' opinions? I ask because I\'m not so certain how to rebut him in a way that appeals to sense of fairness and justice, though maybe I\'m the one who has come to the wrong conclusions! I\'d love to hear opinions.', 'https://www.reddit.com/r/DebateCommunism/comments/gjdu1m/communist_opinion_on_bitcoin/', 'gjdu1m', [['u/Chromebookarthur', 16, '2020-05-14 05:14', 'https://www.reddit.com/r/DebateCommunism/comments/gjdu1m/communist_opinion_on_bitcoin/fqkf9xr/', "Sorry I can't really provide an elaborate response on it, but I'm not a fan of it, another currency that won't really actually change anything and just distracts people from real solutions that aren't a magic coin in your computer, plus idek how a currency harms capitalists, if anything it benefits them", 'gjdu1m'], ['u/ViniVillela', 10, '2020-05-14 05:23', 'https://www.reddit.com/r/DebateCommunism/comments/gjdu1m/communist_opinion_on_bitcoin/fqkg91f/', 'If anything, a black market, by it’s out of state nature, would maybe be even more cruel to the worker who produces to it, a small sample of ancap society, I would risk saying. I think it doesn’t change at all how the exploitation cycle of the worker happens, probably even worses it, specially by not being taxed, thus the worker will get no benefit at all. Damn, for a anarchist, I really defended state in this comment.', 'gjdu1m'], ['u/ecocomrade', 22, '2020-05-14 06:03', 'https://www.reddit.com/r/DebateCommunism/comments/gjdu1m/communist_opinion_on_bitcoin/fqkk0ii/', "Your friend is mistaking 'capitalists' for the state. They're anti state because they aren't to the level of class consciousness to understand that the state is a tool for the (white supremacist in the US + other settler states) capitalist class. They blame the endless wars on a warmongering gov, not on the owner class that directs them to massacre leftist countries and resource conquering.", 'gjdu1m'], ['u/chicagojudo', 10, '2020-05-14 06:04', 'https://www.reddit.com/r/DebateCommunism/comments/gjdu1m/communist_opinion_on_bitcoin/fqkk3tk/', "It's literally a waste of energy.", 'gjdu1m'], ['u/g_squidman', 17, '2020-05-14 10:27', 'https://www.reddit.com/r/DebateCommunism/comments/gjdu1m/communist_opinion_on_bitcoin/fql3d26/', 'I follow the crypto space a bit. Vitalik is the guy that made Ethereum. I heard him say once that there\'s an interesting ideological divide between the bitcoin space and the Ethereum project where bitcoin is all about these idealistic libertarian types ("Bitcoin is digital gold!"), while Ethereum attracts a lot more socialists. \n\nIf you look more into Ethereum, it\'s pretty easy to see why. Ethereum isn\'t trying to be a crypto*currency.* It\'s a distributed platform for building other kinds of decentralized applications on top of. Once you understand what that means, it\'s easy to let your imagination run away with the implications. \n\nOn the surface, crypto is arguably a knock against today\'s corporatists. The giant financial banks and the too-big-to-fail multi-trillion dollar corporations stand to gain a lot from the centralized federal reserve that prints out loans for them every day. So there\'s that perspective.\n\nBut on another level, the decentralized nature of ethereum opens things up even more. One thing Vitalik has been writing a lot about lately is something called "quadratic voting" and "quadratic funding." Normally, when you hold a vote for something, everyone gets one vote, and that vote is worth the same whether you care fervently about an issue or just flipped a coin to decide. Without going into detail, quadratic voting lets us measure the weight of how much a voter cares about an issue with more than two choices. It\'s like ranked-choice voting, but even better.\n\nAnd quadratic funding is just donations using the sam... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37
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:** ['Bitcoin rallied by 5.14% on Thursday. Following on from a 5.68% breakout on Wednesday, Bitcoin ended the day at $9,791.0. A mixed start to the day saw Bitcoin fall to an early morning low $9,266.2 before making a move. Steering clear of the first major support level at $8,938.33, Bitcoin rallied to a late morning intraday high $9,938.7. Bitcoin broke through the first major resistance level at $9,564.83 and the second major resistance level at $9,781.67. Pinned back by resistance at $10,000, Bitcoin fell back through the major resistance levels before a late recovery. The late recovery saw Bitcoin break back through the first and second major resistance levels to wrap up the day at $9,790 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 another mixed day on Thursday. EOS rallied by 4.01% to lead the rest of the majors. Bitcin Cash ABC (+2.08%), Bitcoin Cash SV (+1.49%), Ethereum (+1.74%), Litecoin (+1.73%), and Tron’s TRX (+1.45%) also found strong support. Binance Coin (+0.86%), Monero’s XMR (+0.35%), and Ripple’s XRP (+0.96%) trailed the front runners. Cardano’s ADA (-1.22%), Stellar’s Lumen (-0.96%), and Tezos (-0.22%) bucked the trend on the day. Through the current week, the crypto total market cap rose from a Monday low $229.41bn to a Thursday high $265.28bn. At the time of writing, the total market cap stood at $260.67bn. Bitcoin’s dominance visited sub-67% levels before recovering. At the time of writing, Bitcoin’s dominance stood at 67.5%. 24-hour trading volumes rose to an early Monday high $206.86bn before easing back to sub-$140bn levels. Interest picked up on mid-week, however, with volumes returning to $190bn levels on Thursday. At the time of writing, 24-hr volumes stood at $183.73bn. Story continues This Morning At the time of writing, Bitcoin was down by 3.09% to $9,488.6. A bearish start to the day saw Bitcoin fall from an early morning high $9,848.9 to a low $9,260.0. Bitcoin fell through the first major support level at $9,391.90 before finding support. Elsewhere, it was also a bearish start to the day for the majors. Litecoin was down by 1.91% to lead the rest of the pack into the red early on. For the Bitcoin Day Ahead Bitcoin would need to break back through to $9,665 levels to bring the first major resistance level at $10,064.40 into play. Support from the broader market would be needed, however, for Bitcoin to break out from Thursday’s high $9,938.7. Barring a broad-based crypto rebound, however, resistance at $10,000 would likely leave Bitcoin short of the major resistance levels. In the event of rebound, the second major resistance level at $10,337.8 could come into play. Failure to break back through to $9,665 levels could see Bitcoin fall deeper into the red. A fall back through the first major support level would bring the second major support level at $8,992.8 into play. Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$9,000 levels. This article was originally posted on FX Empire More From FXEMPIRE: Price of Gold Fundamental Daily Forecast – Underpinned by Hopes of Fresh US Stimulus S&P 500 Price Forecast – Stock Markets Stabilize EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 15/05/20 Oil Gains Ground As IEA Improves Its Oil Demand Forecast Wall Street Shares Jump on Banking M&A Speculation USD/JPY Fundamental Daily Forecast – Overvalued Stocks Weighing on Dollar/Yen', 'Bitcoin rallied by 5.14% on Thursday. Following on from a 5.68% breakout on Wednesday, Bitcoin ended the day at $9,791.0.\nA mixed start to the day saw Bitcoin fall to an early morning low $9,266.2 before making a move.\nSteering clear of the first major support level at $8,938.33, Bitcoin rallied to a late morning intraday high $9,938.7.\nBitcoin broke through the first major resistance level at $9,564.83 and the second major resistance level at $9,781.67.\nPinned back by resistance at $10,000, Bitcoin fell back through the major resistance levels before a late recovery.\nThe late recovery saw Bitcoin break back through the first and second major resistance levels to wrap up the day at $9,790 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 another mixed day on Thursday.\nEOS rallied by 4.01% to lead the rest of the majors.\nBitcin Cash ABC (+2.08%), Bitcoin Cash SV (+1.49%), Ethereum (+1.74%), Litecoin (+1.73%), and Tron’s TRX (+1.45%) also found strong support.\nBinance Coin (+0.86%), Monero’s XMR (+0.35%), and Ripple’s XRP (+0.96%) trailed the front runners.\nCardano’s ADA (-1.22%), Stellar’s Lumen (-0.96%), and Tezos (-0.22%) bucked the trend on the day.\nThrough the current week, the crypto total market cap rose from a Monday low $229.41bn to a Thursday high $265.28bn. At the time of writing, the total market cap stood at $260.67bn.\nBitcoin’s dominance visited sub-67% levels before recovering. At the time of writing, Bitcoin’s dominance stood at 67.5%.\n24-hour trading volumes rose to an early Monday high $206.86bn before easing back to sub-$140bn levels. Interest picked up on mid-week, however, with volumes returning to $190bn levels on Thursday. At the time of writing, 24-hr volumes stood at $183.73bn.\nAt the time of writing, Bitcoin was down by 3.09% to $9,488.6. A bearish start to the day saw Bitcoin fall from an early morning high $9,848.9 to a low $9,260.0.\nBitcoin fell through the first major support level at $9,391.90 before finding support.\nElsewhere, it was also a bearish start to the day for the majors.\nLitecoin was down by 1.91% to lead the rest of the pack into the red early on.\nBitcoin would need to break back through to $9,665 levels to bring the first major resistance level at $10,064.40 into play.\nSupport from the broader market would be needed, however, for Bitcoin to break out from Thursday’s high $9,938.7.\nBarring a broad-based crypto rebound, however, resistance at $10,000 would likely leave Bitcoin short of the major resistance levels.\nIn the event of rebound, the second major resistance level at $10,337.8 could come into play.\nFailure to break back through to $9,665 levels could see Bitcoin fall deeper into the red.\nA fall back through the first major support level would bring the second major support level at $8,992.8 into play.\nBarring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$9,000 levels.\nThisarticlewas originally posted on FX Empire\n• Price of Gold Fundamental Daily Forecast – Underpinned by Hopes of Fresh US Stimulus\n• S&P 500 Price Forecast – Stock Markets Stabilize\n• EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 15/05/20\n• Oil Gains Ground As IEA Improves Its Oil Demand Forecast\n• Wall Street Shares Jump on Banking M&A Speculation\n• USD/JPY Fundamental Daily Forecast – Overvalued Stocks Weighing on Dollar/Yen', 'Dublin, May 15, 2020 (GLOBE NEWSWIRE) -- The "Covid-19 Impact On Cybersecurity Market by Technology (Network Security, Application Security, Endpoint Security, Cloud Security, Database Security, Web Security, ICS Security), Vertical, Region - Global Forecast to 2021" report has been added to ResearchAndMarkets.com\'s offering. The Global Cybersecurity Market is Expected to Grow from USD 183.2 Billion in 2019 to USD 230 Billion by 2021, Rising at a CAGR of 12% (COVID-19 Adjusted) This market study covers the impact of COVID-19 on the cybersecurity market across different segments. It aims at estimating the market size and the growth potential of this market across by technology segments (network security, application security, endpoint security, cloud security, database security, web security, and ICS security) and vertical (banking, financial services and insurance, healthcare, manufacturing, IT/ITeS, telecom, utilities, and public sector), and region. The study also includes an in-depth analysis of the key market players, key observations related to product and business offerings, recent developments, and key market strategies. Key market players have adopted various growth strategies, such as partnerships and new service launches, to expand their presence further in the impact of COVID-19 on the cybersecurity market and broaden their customer base. Increase in realization for endpoint and VPN security measures drives the cybersecurity market during the COVID-19 crisis COVID-19 crisis has transformed the thought process of a company\'s management and board toward cybersecurity. Especially, SMBs, startups, and large enterprises, except technology giants, were considering cybersecurity budgets as unavoidable Capital Expenditure (CAPEX) due to regulatory and compliance measures. Several digital agencies are yet to have a cybersecurity policy in place. This crisis has exposed companies to scenarios where their IPs are at the mercy and conduct of their employees, working remotely either on office laptops with zero firewall protection or personal laptops with/without free antivirus packages. Endpoint security segment to show the highest growth rate during the forecast period in the cybersecurity market Endpoint security solutions are a combination of both Endpoint Protection Platform (EPP) and Endpoint Detection and Response (EDR) solutions. Together these solutions secure endpoints and remote devices used in organizations from viruses, Trojans, and malware, as well as advanced threats, such as zero-day malware and advanced persistent threats. EDR solutions enable continuous detection of and response to advanced cybersecurity threats and considerably improve threat detection, sec **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-05-15 **Financial & Commodity Data:** - Gold Closing Price: $1753.40 - Crude Oil Closing Price: $29.43 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $165,324,788,688 - Hash Rate: 100071790.304866 - Transaction Count: 310642.0 - Unique Addresses: 644507.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.44 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin has stunned critics this morning as it dusted itself off with a staggering 6.22% rally to the upside. At the time of writing it is trading at around $6,680, just below the level of resistance at $6,850 which was tested on numerous occasions throughout March. A breakout and daily candle close above $7,000 would invalidate any bearish theories about Bitcoin over the coming weeks as it looks to climb back to the $7,800 mark. However, Bitcoin was rejected from $6,850 on March 20 and again on March 25, with price proceeding to fall by 20% and 16% respectively. While it’s true that a level of resistance becomes weaker upon every test, another rejection here would almost certainly confirm continuation of the recent downtrend. Potential targets to the downside remain at $6,200 and $5,900, although if momentum from the death cross begins to build Bitcoin could well be in store for a 50% correction to beneath $3,600. Much of it will also depend on the upcoming halving event, which is a historically bullish event that is just six weeks away. As block rewards for miners gets slashed so does supply going onto the market, which typically causes the price of an underlying asset to rise. Failure to surge following the halving would be bad news indeed for the mining industry who need to ensure that overheads and electricity costs are met by speculating on the price of Bitcoin. 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/slvbtc', 'The world could be so simple, efficient, and frictionless!', 43, '2020-05-15 00:16', 'https://www.reddit.com/r/Bitcoin/comments/gjweda/the_world_could_be_so_simple_efficient_and/', 'Imagine if every merchant on earth accepted lightning as the worlds one interoperable standard for payments (just like SMTP is the worlds one standard protocol for mail) and you could pay in any crypto from btc to usdt to usdc to eth, whatever crypto you held, and the merchant could choose (via atomic swaps) to automatically receive any crypto they wanted from btc or any other crypto to any fiat backed crypto etc.\n\nYou could travel the world with any digital currency you prefer, and pay anywhere on earth while the merchant receives whatever digital currency they prefer whether that be real crypto or their local fiat backed crypto.\n\nNo more banks, no more ridiculous credit card fees or debit card fees overseas, no more predatory subscription based point of sale systems, no more trying to find ATMs, no more ridiculous overseas ATM fees, no more messing around with special prepaid travel cards, no more trying to find currency exchange desks, no more international credit card fraud or fraudulent charges, no more identity theft, no more trying to send bank wires for long-term accomodation that take 5 days and cost 5%, no more getting stuck without money and having no option but to resort to western union to receive emergency funds.\n\nUse any wallet, hold any crypto, spend it anywhere on earth.\n\nWhat a simple world that would be. Imagine how much easier overseas travel would become.', 'https://www.reddit.com/r/Bitcoin/comments/gjweda/the_world_could_be_so_simple_efficient_and/', 'gjweda', [['u/Mark_Bear', 10, '2020-05-15 00:21', 'https://www.reddit.com/r/Bitcoin/comments/gjweda/the_world_could_be_so_simple_efficient_and/fqnhezo/', "That's beautiful.", 'gjweda']]], ['u/Rezuwrecked_', 'What will undoubtedly happen from a macroeconomic (big picture) perspective... idiots', 416, '2020-05-15 01:20', 'https://www.reddit.com/r/wallstreetbets/comments/gjxkam/what_will_undoubtedly_happen_from_a_macroeconomic/', "OKAY. So demand has been reduced dramatically around the world, our $21 trillion GDP has basically been paused for 2 months, so to keep it afloat (rough math), the government had to add $3.5 trillion to keep the economy running somewhat smoothly. That's a lot of printing, you idiots probably expect inflation. Wrong, step away from the US and look at what other countries are doing, the ECB (European Central Bank) and BOJ (Bank of Japan) are having to print trillions of dollars worth of EURO and YEN to keep their economies going, along with every other country getting pounded. Not only that, but since the US dollar makes up 70% of global transactions, in liquidity terms, trillions worth of euro and yen is MUCH MUCH more than any amount Jpow feels like printing, there's no way our printing could offset what the rest of the world is doing, so inflation isn't coming. If you want proof, just look at the euro/usd (going lower) and literally ANY emerging market currency is getting absolutely clapped vs the dollar.\n\n​\n\nFurthermore, not only is US corporate debt at an all time high, but emerging markets, the eurozone, and asia has borrowed more dollars than ever before at any point in history, basically everyone around the world's debt is denominated in US DOLLARS. So what's about to happen? It's already happening, demand for US dollars is going up because everyone around the world wants to borrow more to offset cash flow concerns and pay off existing debts, which will cause the dollar to increase in value. What happens when the whole world has debt in dollars and the dollar goes up in value? DEBT BECOMES MORE EXPENSIVE. This is DEFLATION, and in particular and even more terrifying DEBT DEFLATION, a phrase that would make Jpow absolutely shit himself (and he knows its coming). This has already started before the whole beervirus nonsense, look at Venezuela and Zimbabwe, they had too much dollar debt, no one wanted to lend to them anymore and whoops, their currency is worthless now. It's going to be like a game of musical chairs for people trying to get access to dollars, starting with emerging markets and eventually moving into the more developed economies. The result: massive corporate bankruptcies, countries defaulting on debt (devaluing their currencies) and eventually a deleveraging of massive proportions. This WILL occur and no amount of printing can stop it, it's already too far gone.\n\n​\n\nIt doesn't matter what the stock market does, other markets around the world will be fucked, honestly it might cause the market to go up because of all the money fleeing other countries trying to find a safe place to live. Here are the plays assholes. TLT will go up because no matter what Jpow says, he doesn't control the fed funds rate, the market does, and US treasury bond yields have already priced in bonds going negative. CPI shows that we may see up to -3% inflation (3% deflation), meaning at .25% fed funds rate, the REAL rate is 3.25%, that is the worst thing possible during a deleveraging because it makes it harder to stimulate the economy, the fed has no choice, rates MUST go lower. Rates go lower, bond prices go up, TLT 12/18 $205c. Remember how I said scared foreign money will want to find a nice safe place to go when we go into the biggest debt crisis the world has seen in over 300 years? GLD 12/18 $240c. Finally, the dollar will rise in value as well so UUP 12/18 $28c.\n\n​\n\nAs far the actual market, we hit a high of SPY 339.08 in February, fell to a low of 218.26 by mid March, and have since then retraced EXACTLY to the 61.8% Fibonacci retracement level at 290, and started to bounce lower from there. I'm no technical analyst, but I do know history. During the greatest crashes in stock market history, 1929, 2001, 2008, the Nikkei in 1989 (Japan) this exact same thing happened, market got scared and fell to lows, then smoked that good hopium for a few weeks or month to retrace between 50% and 61.8% back to previews highs, then absolutely fell off a cliff. If you don't believe me, go look at the charts. Now, I'm personally not going to be betting on the US market falling because of the fact that its just straight up not reflecting reality and there are much better ways to trade on what's occurring (see trades above), but I PROMISE, that we will not be seeing new highs at any point any time soon.\n\n​\n\nTLDR; The world is going to shit due to the dollars over-dominance of the world market, we will soon see the worst deleveraging in human history, and may very well have to come up with a new fiat money system (probably not bitcoin, but it wouldn't hurt to have some). TLT 12/18 $205c, GLD 12/18 $240c, and UUP 12/18 $28c. If you wanna be an autist and buy weeklys, I can't help you, but I basically just gave you the next big short, so you're welcome.\n\n​\n\nDISCLAIMER: I didn't say what price to buy at for a reason, timing is extremely important for trades like this, so don't FOMO in and overpay, you will get clapped.", 'https://www.reddit.com/r/wallstreetbets/comments/gjxkam/what_will_undoubtedly_happen_from_a_macroeconomic/', 'gjxkam', [['u/JonSnohthathurt', 49, '2020-05-15 01:21', 'https://www.reddit.com/r/wallstreetbets/comments/gjxkam/what_will_undoubtedly_happen_from_a_macroeconomic/fqnodlj/', 'Or not', 'gjxkam'], ['u/itachi12131415', 38, '2020-05-15 01:21', 'https://www.reddit.com/r/wallstreetbets/comments/gjxkam/what_will_undoubtedly_happen_from_a_macroeconomic/fqnoe0s/', ">UUP 12/18 $28c\n\nDon't.\n\nDon't give me hope.", 'gjxkam'], ['u/time-for-anustart', 60, '2020-05-15 01:25', 'https://www.reddit.com/r/wallstreetbets/comments/gjxkam/what_will_undoubtedly_happen_from_a_macroeconomic/fqnov6v/', 'bro it says UP in tha name, what else do u need to know???', 'gjxkam'], ['u/Rezuwrecked_', 25, '2020-05-15 01:28', 'https://www.reddit.com/r/wallstreetbets/comments/gjxkam/what_will_undoubtedly_happen_from_a_macroeconomic/fqnp85i/', 'Please understand that options trading is extremely risky and you can lose all of your initial investment. This is in no way meant to be taken as financial advise and any mention of it is purely satirical. Thank you and fuck you.', 'gjxkam'], ['u/Hell_to_the_Naw', 94, '2020-05-15 01:34', 'https://www.reddit.com/r/wallstreetbets/comments/gjxkam/what_will_undoubtedly_happen_from_a_macroeconomic/fqnpxyq/', 'You had me at fibonacci retracement', 'gjxkam'], ['u/cryptoker2020', 24, '2020-05-15 01:38', 'https://www.reddit.com/r/wallstreetbets/comments/gjxkam/what_will_undoubtedly_happen_from_a_macroeconomic/fqnqhyd/', 'This guy fucks.', 'gjxkam'], ['u/Ma50n24e', 335, '2020-05-15 01:54', 'https://www.reddit.com/r/wallstreetbets/comments/gjxkam/what_will_undoubtedly_happen_from_a_macroeconomic/fqnsbb4/', 'Holy shit you typed a lot can you just tell me what puts to buy Ive got shit to do', 'gjxkam'], ['u/BonfireinRageValley', 14, '2020-05-15 01:54', 'https://www.reddit.com/r/wallstreetbets/comments/gjxkam/what_will_undoubtedly_happen_from_a_macroeconomic/fqnsbyq/', "Just when I think I'm out, they pull me back in.", 'gjxkam'], ['u/mbeenox', 16, '2020-05-15 02:02', 'https://www.reddit.com/r/wallstreetbets/comments/gjxkam/what_will_undoubtedly_happen_from_a_macroeconomic/fqnt6z0/', "Blah blah util it doesn't happen and op never shows his autistic ass gain", 'gjxkam'], ['u/Rezuwrecked_', 23, '2020-05-15 02:04', 'https://www.reddit.com/r/wallstreetbets/comments/gjxkam/what_will_undoubtedly_happen_from_a_macroeconomic/fqnte14/', 'this wont age well', 'gjxkam'], ['u/chibidood', 17, '2020-05-15 02:10', 'https://www.reddit.com/r/wallstreetbets/comments/gjxkam/what_will_undoubtedly_happen_from_a_macroeconomic/fqnu1ya/', 'You got a point ( tho posts like this were made during the Dip LOL Variation made a post ON THE DIP fortold the bounce back to clif... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Bitcoin slid by 4.90% on Friday. Reversing a 5.14% rally from Thursday, Bitcoin ended the day at $9,311.2. A mixed start to the day saw Bitcoin slide from an intraday high $9,848.9 to an early morning low $9,260.0. Bitcoin fell through the first major support level at $9,391.9 before recovering to $9,800 levels. The recovery was brief, however. Through the 2 nd half of the day, Bitcoin slid to a late intraday low $9,130.2. Bitcoin fell back through the first major support level to wrap up the day in the deep red. 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 bearish day on Friday. Binance Coin (-4.33%), Bitcoin Cash SV (-4.39%), Ethereum (-4.28%) and Monero’s XMR (-4.15%) led the way down. Bitcoin Cash ABC (-2.91%), Litecoin (-2.98%), Ripple’s XRP (-3.13%), Stellar’s Lumen (-3.00%), Tezos (-2.51%), and Tron’s TRX (-3.39%) weren’t far behind. Cardano’s ADA and EOS saw more modest losses of 1.49% and 1.73% respectively. Through the current week, the crypto total market cap rose from a Monday low $229.41bn to a Thursday high $265.28bn. At the time of writing, the total market cap stood at $256.87bn. Bitcoin’s dominance visited sub-67% levels before recovering. At the time of writing, Bitcoin’s dominance stood at 67.2%. 24-hour trading volumes rose to an early Monday high $206.86bn before easing back to sub-$140bn levels. Interest picked up on mid-week, however, with volumes revisiting $190bn levels. At the time of writing, 24-hr volumes stood at $148.96bn. This Morning At the time of writing, Bitcoin was up by 0.56% to $9,363.6. A mixed start to the day saw Bitcoin fall to an early morning low $9,222.0 before striking a high $9,417.0. Story continues 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 and Monero’s XRM led the way with gains of 1.35% and 1.31% respectively. For the Bitcoin Day Ahead Bitcoin would need to move through to $9,430 levels to bring the first major resistance level at $9,730.0 into play. Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $9,417.0. Barring an extended crypto rebound, the first major resistance level and Friday’s high $9,848.9 would likely limit any upside. In the event of rebound, the 62% FIB of $10,034 could come into play before any pullback. Failure to break back through to $9,430 levels could see Bitcoin hit reverse. A fall back through the morning low $9,222.0 would bring the first major support level at $9,011.3 into play. Barring a crypto sell-off, however, Bitcoin should steer clear of the second major support level at $8,711.4. This article was originally posted on FX Empire More From FXEMPIRE: Silver Weekly Price Forecast – Silver Markets Explode to The Upside Natural Gas Price Forecast – Natural Gas Gives Up Early Gains European Equities: A Week in Review – 16/05/20 EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 16/05/20 Crude Oil Weekly Price Forecast – Crude Oil Markets Make Strong Statement Gold Price Prediction – Prices Break Out on Soft Retail Sales', 'Bitcoin slid by 4.90% on Friday. Reversing a 5.14% rally from Thursday, Bitcoin ended the day at $9,311.2. A mixed start to the day saw Bitcoin slide from an intraday high $9,848.9 to an early morning low $9,260.0. Bitcoin fell through the first major support level at $9,391.9 before recovering to $9,800 levels. The recovery was brief, however. Through the 2 nd half of the day, Bitcoin slid to a late intraday low $9,130.2. Bitcoin fell back through the first major support level to wrap up the day in the deep red. 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 bearish day on Friday. Binance Coin (-4.33%), Bitcoin Cash SV (-4.39%), Ethereum (-4.28%) and Monero’s XMR (-4.15%) led the way down. Bitcoin Cash ABC (-2.91%), Litecoin (-2.98%), Ripple’s XRP (-3.13%), Stellar’s Lumen (-3.00%), Tezos (-2.51%), and Tron’s TRX (-3.39%) weren’t far behind. Cardano’s ADA and EOS saw more modest losses of 1.49% and 1.73% respectively. Through the current week, the crypto total market cap rose from a Monday low $229.41bn to a Thursday high $265.28bn. At the time of writing, the total market cap stood at $256.87bn. Bitcoin’s dominance visited sub-67% levels before recovering. At the time of writing, Bitcoin’s dominance stood at 67.2%. 24-hour trading volumes rose to an early Monday high $206.86bn before easing back to sub-$140bn levels. Interest picked up on mid-week, however, with volumes revisiting $190bn levels. At the time of writing, 24-hr volumes stood at $148.96bn. This Morning At the time of writing, Bitcoin was up by 0.56% to $9,363.6. A mixed start to the day saw Bitcoin fall to an early morning low $9,222.0 before striking a high $9,417.0. Story continues 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 and Monero’s XRM led the way with gains of 1.35% and 1.31% respectively. For the Bitcoin Day Ahead Bitcoin would need to move through to $9,430 levels to bring the first major resistance level at $9,730.0 into play. Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $9,417.0. Barring an extended crypto rebound, the first major resistance level and Friday’s high $9,848.9 would likely limit any upside. In the event of rebound, the 62% FIB of $10,034 could come into play before any pullback. Failure to break back through to $9,430 levels could see Bitcoin hit reverse. A fall back through the morning low $9,222.0 would bring the first major support level at $9,011.3 into play. Barring a crypto sell-off, however, Bitcoin should steer clear of the second major support level at $8,711.4. This article was originally posted on FX Empire More From FXEMPIRE: Silver Weekly Price Forecast – Silver Markets Explode to The Upside Natural Gas Price Forecast – Natural Gas Gives Up Early Gains European Equities: A Week in Review – 16/05/20 EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 16/05/20 Crude Oil Weekly Price Forecast – Crude Oil Markets Make Strong Statement Gold Price Prediction – Prices Break Out on Soft Retail Sales', 'Spencer Dinwiddie is once again trying to get fans involved in his contract. The Brooklyn Nets guard announced a plan on Friday night that would allow fans to choose where in the league he signs a one-year deal if they can raise about $24.6 million in Bitcoin on GoFundMe . He can\x92t be a free agent until after the 2020-21 season. \x93Shoe companies and endorsers influence team decisions all the time,\x94 Dinwiddie said in a statement, via The Athletic\x92s Shams Charania . \x93My/our biggest endorsers will always be the fans, so I want to have some fun with this while we\x92re all under quarantine. \x93I hope no owners/team personnel participate so there\x92s no impropriety on this one of a kind endorsement deal.\x94 View this post on Instagram A post shared by Spencer Dinwiddie (@spencerdinwiddie) on May 15, 2020 at 6:49pm PDT Dinwiddie tried to turn his contract with the Nets into a digital investment vehicle and go public, allowing investors to buy in, last year. That would have made him the first professional athlete to do so, however the league shut him down. The idea was that were Dinwiddie to opt out in the final year of his contract in 2021 and find a more lucrative deal, both he and his investors would earn big . The NBA, however, said that this was a violation of the current collective bargaining agreement . Dinwiddie is in the first year of a three year, $34.3 million deal with the Nets, and was averaging 20.6 points and 6.8 assists when the league suspended operations in March due to the COVID-19 pandemic. The 27-year-old has a player option in his deal for the 2021-22 season. If Dinwiddie doesn\x92t hit his fundraising goal, he said he will donate 100 percent of what was raised to charity. What fans get out of this process, other than having a small say in where he may end up playing in a few years, isn\x92t really clear. It also sounds like Dinwiddie would get to keep both the Bitcoin that was raised by fans and whatever money he earns from that future one-year deal. Story continues And, it\x92s highly likely that the league will swoop in and reject this plan for violating the CBA, too. For now, NBA fans will just have to wait and see what happens with Dinwiddie\x92s latest business venture regarding his contract. More from Yahoo Sports: Stone Cold Steve Austin claps back at fan over mask 2 NFL players face armed robbery charges Sohi: MJ needed others to cool down his fiery leadership Wetzel: Snell justified to scoff at MLB pay cut', 'Spencer Dinwiddie is once again trying to get fans involved in his contract. The Brooklyn Nets guard announced a plan on Friday night that would allow fans to choose where in the league he signs a one-year deal if they can raise about $24.6 million in Bitcoin on GoFundMe . He can\x92t be a free agent until after the 2020-21 season. \x93Shoe companies and endorsers influence team decisions all the time,\x94 Dinwiddie said in a statement, via The Athletic\x92s Shams Charania . \x93My/our biggest endorsers will always be the fans, so I want to have some fun with this while we\x92re all under quarantine. \x93I hope no owners/team personnel participate so there\x92s no impropriety on this one of a kind endorsement deal.\x94 View this post on **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-05-16 **Financial & Commodity Data:** - Gold Closing Price: $1753.40 - Crude Oil Closing Price: $29.43 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $165,324,788,688 - Hash Rate: 100071790.304866 - Transaction Count: 310642.0 - Unique Addresses: 644507.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.41 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: After staging a recovery earlier this week, cryptocurrencies were stuck in a holding pattern Friday afternoon. Bitcoin(BTC) andether(ETH) appeared to be in a period of consolidation where prices bounce around within a tight range, showing indecisiveness among traders. Bitcoin and ether had both climbed by less than a percent. Notable performers on CoinDesk’s big board includeXRP(XRP), up 10 percent,Stellar(XLM) in the green 3 percent anddash, up 4 percent. All 24-hour price changes are from 20:00 UTC (4 p.m. ET) on March 27. Related:Bitcoin Diverges From Falling Equities With $500 Price Rise Traditional markets, meanwhile, continued to reel from the record unemployment claims in the U.S., part of the fallout from the coronavirus outbreak, despite a $2 trillion stimulus package making its way to President Donald Trump for his signature. U.S. stocks closed with the S&P 500 index down 3 percent. Earlier in the day, Japan’s Nikkei 255 closed its session up 3.8 percent. For Europe, the FTSE 100 Index closed in the red 3.3 percent. See also:How a Flurry of ‘Digital Dollar’ Proposals Made It to Congress Federal Reserve “and fiscal policies have averted for now accelerated economic and financial de-leveraging. Unfortunately, they can’t avoid a deep and sudden recession resulting in alarming unemployment and business closures,” Mohamed A. El-Erian, chief economic adviser at Allianz,wrote in a tweet. On low volumes, bitcoin’s price changes have narrowed, staying in a $6,400-$6,900 per 1 BTC range since March 24. This has put the bellwether cryptocurrency’s 10-day and 50-day moving averages close to each other. Related:Bear Market Over? Charts on Bitcoin and ASX 200 Suggest Otherwise “I think bitcoin just moved up from its $4,000-$5,000 crash range earlier than equities did. While equity markets have been rallying the last couple of sessions, other more safe haven-type markets like bonds and gold have been consolidating,” said Siddharth Jha, a former Wall Street analyst now focused on blockchain technology at startup Arbol. Indeed, gold has started to consolidate moving averages as of March 27. “Some people I respect say gold is a buy here,” said Rupert Douglas, head of business development for institutional sales at Koine, a digital asset manager. “Perhaps it is, perhaps silver is going to go rocketing higher, but if it doesn’t and trades lower, does bitcoin follow?” The crash on March 12 is still fresh in the minds of crypto traders and fund managers, leaving some to think no trading decisions are the best decisions for the time being. “Markets need to be saturated for people to look for incremental yield. Plus, there’s a lot of wound licking, post-BitMEX debacle,” said Vishal Shah, founder of Alpha5, a new derivatives exchange backed by large crypto funds. See also:Strange Days: S&P 500 Is More Volatile Than Bitcoin This Month Shah was referring to the$700 million of liquidations on BitMEX on March 12. This causedproblems for the Ethereum network-based DeFi ecosystem, which relies on ether’s price to ensure stability. Not surprisingly, ether has been consolidating, although there was a bit of volume early Friday. “After a major crash and rebound, markets often consolidate for some time to see which way the flows may develop,” Arbol’s Jha said. • Strange Days: S&P 500 Volatility Enters Bitcoin Territory • Bitcoin Price Decline Prompts US Mining Firm to Shut Down ‘Indefinitely’... - 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.
9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05
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 rose by 0.86% on Saturday. Partially reversing a 4.90% slide from Friday, Bitcoin ended the day at $9,388.0. A bullish start to the day saw Bitcoin rise from an intraday low $9,222.0 to an early morning intraday high $9,580.0. Falling short of the first major resistance level at $9,730.0, Bitcoin fell back to sub-$9,300 levels by the late afternoon. The visit into the red was brief, however, with support from the broader market kicking in late in the day. Bitcoin broke back through to $9,400 levels before easing back in the final hour. 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 on Saturday. Monero’s XMR and Tezos led the way, with gains of 4.22% and 5.78% respectively. Binance Coin (+2.42%), Cardano’s ADA (+1.81%), EOS (+1.90%), Ethereum (+3.02%), Stellar’s Lumen (+1.85%) also found strong support. Bitcoin Cash ABC (+0.26%), Bitcoin Cash SV (+0.89%), Litecoin (+1.33%), Ripple’s XRP (+0.81%), and Tron’s TRX (+0.76%) trailed the front runners. Through the current week, the crypto total market cap rose from a Monday low $229.41bn to a Thursday high $265.28bn. At the time of writing, the total market cap stood at $260.41bn. Bitcoin’s dominance visited sub-67% levels before recovering. At the time of writing, Bitcoin’s dominance stood at 67.3%. 24-hour trading volumes rose to an early Monday high $206.86bn before easing back to sub-$140bn levels. Interest picked up on mid-week, however, with volumes revisiting $190bn levels before sliding back. At the time of writing, 24-hr volumes stood at $118.41bn. This Morning At the time of writing, Bitcoin was up by 1.44% to $9,523.1. A mixed start to the day saw Bitcoin fall to an early morning low $9,329.7 before striking a high $9,581.7. Story continues Steering clear of the major support levels, Bitcoin broke through the first major resistance level at $9,571.33 early on. Elsewhere, it was a mixed start to the day for the majors. Bitcoin Cash SV led the way, with a 0.82% gain, while EOS and Monero’s XRM bucked the trend, with losses of 0.05% and 0.49% respectively. For the Bitcoin Day Ahead Bitcoin would need to avoid sub-$9,500 levels to break back through the first major resistance level at $9,571.33. Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $9,581.7. Barring an extended crypto rebound, the first major resistance level and Saturday’s high $9,580 would likely limit any upside. In the event of an extended rally, the second major resistance level at $9,754.67 would likely come into play before any pullback. Failure to break back through the first major resistance level could see Bitcoin hit reverse. A fall back through to sub-$9,400 levels would bring the first major support level at $9,213.33 into play. Barring a crypto sell-off, however, Bitcoin should steer clear of sub-$9,000 levels. The second major support level at $9,038.67 would likely limit any downside. This article was originally posted on FX Empire More From FXEMPIRE: US Stock Market Overview – Stocks Close Higher; Retail Sales Disappoints EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 16/05/20 European Equities: A Week in Review – 16/05/20 Real Estate Showing Signs Of Collateral Damage – Part I Silver Begins To Accelerate Higher Faster Than Gold The Weekly Wrap – Geopolitics, Economic Data, and COVID-19 Weighed on Riskier Assets', 'Bitcoin rose by 0.86% on Saturday. Partially reversing a 4.90% slide from Friday, Bitcoin ended the day at $9,388.0.\nA bullish start to the day saw Bitcoin rise from an intraday low $9,222.0 to an early morning intraday high $9,580.0.\nFalling short of the first major resistance level at $9,730.0, Bitcoin fell back to sub-$9,300 levels by the late afternoon.\nThe visit into the red was brief, however, with support from the broader market kicking in late in the day.\nBitcoin broke back through to $9,400 levels before easing back in the final hour.\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 on Saturday.\nMonero’s XMR and Tezos led the way, with gains of 4.22% and 5.78% respectively.\nBinance Coin (+2.42%), Cardano’s ADA (+1.81%), EOS (+1.90%), Ethereum (+3.02%), Stellar’s Lumen (+1.85%) also found strong support.\nBitcoin Cash ABC (+0.26%), Bitcoin Cash SV (+0.89%), Litecoin (+1.33%), Ripple’s XRP (+0.81%), and Tron’s TRX (+0.76%) trailed the front runners.\nThrough the current week, the crypto total market cap rose from a Monday low $229.41bn to a Thursday high $265.28bn. At the time of writing, the total market cap stood at $260.41bn.\nBitcoin’s dominance visited sub-67% levels before recovering. At the time of writing, Bitcoin’s dominance stood at 67.3%.\n24-hour trading volumes rose to an early Monday high $206.86bn before easing back to sub-$140bn levels. Interest picked up on mid-week, however, with volumes revisiting $190bn levels before sliding back. At the time of writing, 24-hr volumes stood at $118.41bn.\nAt the time of writing, Bitcoin was up by 1.44% to $9,523.1. A mixed start to the day saw Bitcoin fall to an early morning low $9,329.7 before striking a high $9,581.7.\nSteering clear of the major support levels, Bitcoin broke through the first major resistance level at $9,571.33 early on.\nElsewhere, it was a mixed start to the day for the majors.\nBitcoin Cash SV led the way, with a 0.82% gain, while EOS and Monero’s XRM bucked the trend, with losses of 0.05% and 0.49% respectively.\nBitcoin would need to avoid sub-$9,500 levels to break back through the first major resistance level at $9,571.33.\nSupport from the broader market would be needed, however, for Bitcoin to break out from the morning high $9,581.7.\nBarring an extended crypto rebound, the first major resistance level and Saturday’s high $9,580 would likely limit any upside.\nIn the event of an extended rally, the second major resistance level at $9,754.67 would likely come into play before any pullback.\nFailure to break back through the first major resistance level could see Bitcoin hit reverse.\nA fall back through to sub-$9,400 levels would bring the first major support level at $9,213.33 into play.\nBarring a crypto sell-off, however, Bitcoin should steer clear of sub-$9,000 levels. The second major support level at $9,038.67 would likely limit any downside.\nThisarticlewas originally posted on FX Empire\n• US Stock Market Overview – Stocks Close Higher; Retail Sales Disappoints\n• EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 16/05/20\n• European Equities: A Week in Review – 16/05/20\n• Real Estate Showing Signs Of Collateral Damage – Part I\n• Silver Begins To Accelerate Higher Faster Than Gold\n• The Weekly Wrap – Geopolitics, Economic Data, and COVID-19 Weighed on Riskier Assets']... **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-05-17 **Financial & Commodity Data:** - Gold Closing Price: $1753.40 - Crude Oil Closing Price: $29.43 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $174,437,995,619 - Hash Rate: 81658580.8887703 - Transaction Count: 236808.0 - Unique Addresses: 495954.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.40 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: The legal team representing the brother of Craig Wright’s deceased business partner greatly overclaimed on legal fees, according to the judge overseeing the case. Magistrate Judge Bruce Reinhart of the federal court of the Southern District of Florida criticized the fees claimed by the attorneys representing Ira Kleiman – who is suing Wright for 50 percent of the bitcoin (BTC) and intellectual property he owned before 2014 – as “excessive” and ruled they wouldn’t be granted in full. Kleiman’s four-man legal team filed for a total of $658,500, comprised of more than $592,000 in attorney fees, as well as roughly $66,000 in other expenses like subject experts. Related: Crypto Investor’s Case Against AT&T Over $24M SIM Hack Can Proceed, Judge Rules But finding these rates too high, the judge slashed what the Kleiman team can actually claim to $113,760 in fees and $52,000 in expenses. That’s a grand total of $165,800 – approximately a quarter of the amount originally sought. Kleiman’s suit against Wright – which claims Wright had tried to seize assets that rightfully belonged to his dead brother’s estate – has been rocky for the Australian tech entrepreneur (who also claims he’s bitcoin’s inventor, Satoshi Nakamoto). Wright has been found in contempt of court for not revealing bitcoin holdings and accused of abusing privilege to withhold documents potentially crucial to the case. In November 2019, Wright pulled out of an out of court settlement that had been tentatively agreed upon two months previously. See also: Judge Blasts Craig Wright’s Evidence, ‘Inconsistent’ Testimony in Kleiman Trial Related: Craig Wright Doubles Down on Satoshi Claim, Says Bitcoin Core Infringes His ‘Database Rights’ But in this week’s order, Judge Reinhart found Kleiman’s four attorneys claimed fees at rates that either exceeded their experience or were simply out of proportion to the amount usually charged in the Florida court system. He also found the legal team inflated billable hours, by either overstaffing or exaggerating the time it took to perform tasks. Story continues “I find all these rates to be excessive. I am personally familiar with the hourly rates charged by the top civil litigators in Palm Beach County,” said Judge Reinhart. In one example, the judge asked why three attorneys were needed to prepare and review the response to a motion from the defendant. “It was not reasonable to have three lawyers involved to this extent to review a draft [for] a relatively straight-forward pleading,” he said. In another instance, Judge Reinhart said the attendance of three attorneys at an evidentiary hearing was excessive. The costs were awarded due to “protracted litigation over production of documents identifying Dr. Wright’s bitcoin holdings,” according to the order. Wright now has until March 30 to pay out the legal team’s reduced fees and expenses. Related Stories Craig Wright ‘Abusing’ Privilege to Block 11,000 Documents, Kleiman Lawyers Say Ethereum-Based Ad Firm Bidooh Sues Founders in Tech Ownership Dispute... - 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.
9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Bitcoin rallied by 3.01% on Sunday. Following on from a 0.86% gain on Saturday, Bitcoin ended the week up by 10.86% to $9,668.2.\nIt was a bullish start to the day. Bitcoin rallied from an early morning intraday low $9,329.7 to a mid-afternoon intraday high $9,883.5 before hitting reverse.\nBitcoin broke through the first major resistance level at $9,571.33 and the second major resistance level at $9,754.67.\nA late pullback saw Bitcoin fall through the second major resistance level to $9,601.9 before finding support.\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 mixed end to the week.\nEthereum led the rest of the pack, rallying by 3.27%.\nBinance Coin (+1.31), Bitcoin Cash ABC (+0.90%), Bitcoin Cash SV (+1.12%), Cardano’s ADA (+0.41%), Litecoin (+1.11%), Ripple’s XRP (+0.79%), Stellar’s Lumen (+1.51%), and Tron’s TRX (+0.34%) also saw green.\nMonero’s XMR (-0.14%) and Tezos (-0.49%) bucked the trend on the day, with relatively minor losses.\nIt was a bullish week for the majors, however. Ethereum and Monero’s XMR rallied by 10.34% and by 10.58% to lead the way.\nBinance Coin (+5.79%), Cardano’s ADA (+7.33%), EOS (+6.99%), Stellar’s Lumen (+6.23%) also found strong support.\nBitcoin Cash ABC (+2.44%), Bitcoin Cash SV (+3.48%), Litecoin (+3.78%), Ripple’s XRP (+2.07%), Tezos (+2.45%), and Tron’s TRX (+4.93%) trailed the front runners.\nThrough the week, the crypto total market cap rose from a Monday low $229.41bn to a Thursday high $265.28bn. At the time of writing, the total market cap stood at $265.59bn.\nBitcoin’s dominance visited sub-67% levels before recovering. At the time of writing, Bitcoin’s dominance stood at 67.5%.\n24-hour trading volumes rose to an early Monday high $206.86bn before easing back to sub-$140bn levels. Interest picked up on mid-week, however, with volumes revisiting $190bn levels before easing back. At the time of writing, 24-hr volumes stood at $129.67bn.\nAt the time of writing, Bitcoin was up by 0.74% to $9,740.1. A bullish start to the day saw Bitcoin rise from an early morning low $9,668.1 to a high $9.774.8.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was also a bullish start to the day for the majors. Binance Coin led the way early on, with a 1.51% gain.\nBitcoin would need to avoid sub-$9,630 levels to bring the first major resistance level at $9,924.57 into play.\nSupport from the broader market would be needed, however, for Bitcoin to break out from Sunday’s high $9,883.5.\nBarring an extended crypto rally, the first major resistance level would likely limit any upside.\nIn the event of rebound, the 62% FIB of $10,034 and the second major resistance level at $10,180.93 would likely come into play.\nFailure to avoid sub-$9,630 levels could see Bitcoin struggle at the start of the week.\nA fall back through to sub-$9,600 levels would bring the first major support level at $9,370.77 into play.\nBarring a crypto sell-off, however, Bitcoin should steer clear of sub-$9,000 levels. The second major support level at $9,073.33 would likely limit any downside.\nThisarticlewas originally posted on FX Empire\n• What 2020 Has in Store for Kenyans in Online Forex Trading\n• Real Estate Showing Signs Of Collateral Damage – Part I\n• European Equities: A Week in Review – 16/05/20\n• Real Estate Showing Signs Of Collateral Damage- Part II\n• Lower COVID-19 Numbers, Easing Lockdown Measures and OPEC Support Riskier Assets\n• Natural Gas Price Fundamental Weekly Forecast – Global Demand is on Track to Drop by a Record 5% in 2020', 'Bitcoin rallied by 3.01% on Sunday. Following on from a 0.86% gain on Saturday, Bitcoin ended the week up by 10.86% to $9,668.2. It was a bullish start to the day. Bitcoin rallied from an early morning intraday low $9,329.7 to a mid-afternoon intraday high $9,883.5 before hitting reverse. Bitcoin broke through the first major resistance level at $9,571.33 and the second major resistance level at $9,754.67. A late pullback saw Bitcoin fall through the second major resistance level to $9,601.9 before finding support. 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. Ethereum led the rest of the pack, rallying by 3.27%. Binance Coin (+1.31), Bitcoin Cash ABC (+0.90%), Bitcoin Cash SV (+1.12%), Cardano’s ADA (+0.41%), Litecoin (+1.11%), Ripple’s XRP (+0.79%), Stellar’s Lumen (+1.51%), and Tron’s TRX (+0.34%) also saw green. Monero’s XMR (-0.14%) and Tezos (-0.49%) bucked the trend on the day, with relatively minor losses. It was a bullish week for the majors, however. Ethereum and Monero’s XMR rallied by 10.34% and by 10.58% to lead the way. Binance Coin (+5.79%), Cardano’s ADA (+7.33%), EOS (+6.99%), Stellar’s Lumen (+6.23%) also found strong support. Bitcoin Cash ABC (+2.44%), Bitcoin Cash SV (+3.48%), Litecoin (+3.78%), Ripple’s XRP (+2.07%), Tezos (+2.45%), and Tron’s TRX (+4.93%) trailed the front runners. Through the week, the crypto total market cap rose from a Monday low $229.41bn to a Thursday high $265.28bn. At the time of writing, the total market cap stood at $265.59bn. Bitcoin’s dominance visited sub-67% levels before recovering. At the time of writing, Bitcoin’s dominance stood at 67.5%. Story continues 24-hour trading volumes rose to an early Monday high $206.86bn before easing back to sub-$140bn levels. Interest picked up on mid-week, however, with volumes revisiting $190bn levels before easing back. At the time of writing, 24-hr volumes stood at $129.67bn. This Morning At the time of writing, Bitcoin was up by 0.74% to $9,740.1. A bullish start to the day saw Bitcoin rise from an early morning low $9,668.1 to a high $9.774.8. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was also a bullish start to the day for the majors. Binance Coin led the way early on, with a 1.51% gain. For the Bitcoin Day Ahead Bitcoin would need to avoid sub-$9,630 levels to bring the first major resistance level at $9,924.57 into play. Support from the broader market would be needed, however, for Bitcoin to break out from Sunday’s high $9,883.5. Barring an extended crypto rally, the first major resistance level would likely limit any upside. In the event of rebound, the 62% FIB of $10,034 and the second major resistance level at $10,180.93 would likely come into play. Failure to avoid sub-$9,630 levels could see Bitcoin struggle at the start of the week. A fall back through to sub-$9,600 levels would bring the first major support level at $9,370.77 into play. Barring a crypto sell-off, however, Bitcoin should steer clear of sub-$9,000 levels. The second major support level at $9,073.33 would likely limit any downside. This article was originally posted on FX Empire More From FXEMPIRE: What 2020 Has in Store for Kenyans in Online Forex Trading Real Estate Showing Signs Of Collateral Damage – Part I European Equities: A Week in Review – 16/05/20 Real Estate Showing Signs Of Collateral Damage- Part II Lower COVID-19 Numbers, Easing Lockdown Measures and OPEC Support Riskier Assets Natural Gas Price Fundamental Weekly Forecast – Global Demand is on Track to Drop by a Record 5% in 2020', 'Stellar XLM (XLM) is available for trading on the BEQUANT Exchange\nNEW YORK, NY / ACCESSWIRE / May 18, 2020 /Stellar is an open source payment system whilst its currency is the Lumen (XLM). Founded by two well-known figures in the tech world, Jed McCaleb and investor, Kim Joyce; the purpose of the payment system is to connect financial institutions in emerging markets, bringing technology to the forefront of financial services in developing countries.\nStellar uses a federated byzantine agreement (FBA) algorithm to enable quicker transactions as they don\'t need to be approved by the mining network. Using Stellar\'s protocol, no third party or ‘middleman\' is required to transfer funds. The system enables those who don\'t have a bank account to enjoy basic banking services.\nThe Stellar protocol has overseen a number of stablecoins issued on the system. Both IBM and Deloitte are utilising the Stellar protocol to facilitate cross border payments and in the case of Deloitte, creating a cross border payment application alongside 30 banks.\nCEO of BEQUANT George Zarya said: "Stellar XLM is a successful protocol in the digital assets space and shows social responsibility to the global financial ecosystem. Stellar XLM remains within the top 15 cryptocurrencies globally so we are delighted with its listing on our exchange. XLM will enhance the trading experience for our users."\nBEQUANT will list XLM/BTC and XLM/USDT pairs upon release. XLM is one of three recent listings including Ripple\'s XRP and BTC Short (BTCS).\nAbout BEQUANT:\nLocated in London and Malta, BEQUANT is a one stop solution for professional digital-assets investors and institutions. Our breadth of products include prime brokerage, custody, fund administration enhanced by an institutional trading platform providing low-latency, liquidity and direct market access.\nThe BEQUANT team is composed of experts from institutional, retail and digital financial services with experience in banking, derivatives, electronic trading and prime brokerage.\n--\nWebsites\nBEQUANT Digital Assets Trading Platform:www.BEQUANT.ioBEQUANT Prime Brokerage Services:www.BEQUANT.pro\n--\nSocial Media\nFollow BEQUANT onTwitter,FacebookandLinkedIn\n--\nContact details\nBEQUANTSunil ChauhanT - +44 (0)20 3893 3214E [email protected]\nSOURCE:BEQUANT\nView source version **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-05-18 **Financial & Commodity Data:** - Gold Closing Price: $1731.80 - Crude Oil Closing Price: $31.82 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $174,437,995,619 - Hash Rate: 81658580.8887703 - Transaction Count: 236808.0 - Unique Addresses: 495954.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.50 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: NEW YORK, NY / ACCESSWIRE / April 26, 2020 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court. Further details about the cases can be found at the links provided. There is no cost or obligation to you. CAN Shareholders Click Here: https://www.zlk.com/pslra-1/canaan-inc-loss-form?prid=6196&wire=1 GOSS Shareholders Click Here: https://www.zlk.com/pslra-1/gossamer-bio-inc-loss-form?prid=6196&wire=1 I Shareholders Click Here: https://www.zlk.com/pslra-1/intelsat-s-a-loss-form?prid=6196&wire=1 * ADDITIONAL INFORMATION BELOW * Canaan Inc. ( CAN ) CAN Lawsuit on behalf of: investors who purchased publicly traded securities of Canaan, including its American Depository Shares pursuant and/or traceable to the Company's registration statement and related prospectus issued in connection with the Company's November 20, 2019 initial public offering. Lead Plaintiff Deadline : May 4, 2020 TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/canaan-inc-loss-form?prid=6196&wire=1 According to the filed complaint, (1) the purported "strategic cooperation" was actually a transaction with a related party; (2) the company's financial health was worse than what was actually reported; (3) the company had recently removed numerous distributors from its website just prior to the initial public offering, many of which were small or suspicious businesses; and (4) several of the Company's largest Chinese clients in prior years were clients who were not in the Bitcoin mining industry and, thus, would likely not be repeat customers. Gossamer Bio, Inc. ( GOSS ) GOSS Lawsuit on behalf of: investors who purchased common stock between February 8, 2019 and December 13, 2019 and/or who acquired Gossamer shares pursuant or traceable to Gossamer's documents issued in connection with its February 8, 2019 initial public offering. Lead Plaintiff Deadline : June 2, 2020 TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/gossamer-bio-inc-loss-form?prid=6196&wire=1 Story continues The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose: (1) the reasons for Gossamer's GB001 trial failures; (2) the purported clinical validation of Novartis' oral DP2 antagonist; and (3) that, as a result of the foregoing, Defendants' public statements were materially false and misleading at all relevant times. Intelsat S.A. (NYSE:I) I Lawsuit on behalf of: investors who purchased November 5, 2019 - November 18, 2019 Lead Plaintiff Deadline : June 8, 2020 TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/intelsat-s-a-loss-form?prid=6196&wire=1 The complaint filed against BC Partners, its individual partners and directors of Intelsat Raymond Svider and Justice Bateman, and Silver Lake Group, L.L.C. (and its related entities) alleges that throughout the class period, defendants made false and misleading statements to the market. Specifically, the complaint alleges that Silver Lake and its fellow defendants violated the Exchange Act by selling a block of Intelsat's shares while holding material non-public information, including the fact that the Company had met with the Federal Communications Commission (the "FCC") on November 5, 2019 to discussed the sale of spectrum controlled by Intelsat for future "5G" use (the "C-Band"). The FCC opposed Intelsat's proposal for a private sale of the C-Band, preferring a public auction. The FCC announced a public auction of the C-Band on November 18, 2019, contrary to Intelsat's wishes, its stock dropped 40%. You have until the lead plaintiff deadlines to request that the court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT: Levi & Korsinsky, LLP Joseph E. Levi, Esq. 55 Broadway, 10th Floor New York, NY 10006 [email protected] Tel: (212) 363-7500 Fax: (212) 363-7171 https://www.zlk.com/ SOURCE: Levi & Korsinsky, LLP View source version on accesswire.com: https://www.accesswire.com/587105/CLASS-ACTION-UPDATE-for-CAN-GOSS-and-I-Levi-Korsinsky-LLP-Reminds-Investors-of-Class-Actions-on-Behalf-of-Shareholders... - Reddit Posts (Sample): [['u/wallstreetgringo', 'GOT SCAMMED BITCOIN!!!', 58, '2020-05-18 01:18', 'https://www.reddit.com/r/Bitcoin/comments/glprak/got_scammed_bitcoin/', 'GUYS! I FUCKING FUCKED UP. 2 hours ago. \n\nCan\'t believe it happened to me.\n\nCan\'t believe I\'m such a stupid fuck. \n\nBut I got scammed today. \n\nSome indian fuckers are sitting right now on Youtube doing Live session in Chamath Palihapitiya\'s name, multiple ones. "5000 BTC giveaway".\n\nMan, punch me in the face. I love Chamath, and this Live session came up in on my YT feed, because I watch Chamath a lot. \n\nClicked on the video, everything looked so real. Got to the website. Everything professionally done. Well designed website. EVERYTHING LOOKED GREAT! \n\nI can\'t believe I\'m even writing this. Like, I wanna laugh but I also wanna cry. $1000 worth of BTC BOOM GONE.\n\nJUST WANTED PEOPLE TO KNOW STAY AWAY AND BE CAREFUL.\n\nI NEVER thought I would do something like this or that it would happen to me. It\'s fucking crazy. I\'ve been into crypto a long time, and yeah....I\'m not a veteran but I\'m definitely not a newbie either. \n\nBut I got SCAMMED. Hhahahaha fuuck! \n\nPlease, be careful, and if anyone have any suggestions on what I can do to somehow get them back, I would be extremely happy to receive your suggestion. \n\n\n/Chris', 'https://www.reddit.com/r/Bitcoin/comments/glprak/got_scammed_bitcoin/', 'glprak', [['u/OttomanTole', 20, '2020-05-18 01:22', 'https://www.reddit.com/r/Bitcoin/comments/glprak/got_scammed_bitcoin/fqz0k5r/', 'What did they say to make you part way with your btc?', 'glprak'], ['u/time_wasted504', 23, '2020-05-18 01:23', 'https://www.reddit.com/r/Bitcoin/comments/glprak/got_scammed_bitcoin/fqz0maq/', 'they are gone. sorry for your loss.\n\nNO ONE is sending back 2x your money just for sending them some.', 'glprak'], ['u/senfmeister', 66, '2020-05-18 01:23', 'https://www.reddit.com/r/Bitcoin/comments/glprak/got_scammed_bitcoin/fqz0n82/', ">Everything professionally done. Well designed website.\n\nYou can copy/paste from somewhere else and be up and running in minutes. Why is this always something that makes people think a scam is less scammy? Of course it's not going to fucking look like something whipped up in Notepad in ten minutes.\n\nSorry you got scammed, dude. That sucks. You're not getting anything back, but you did learn something today, at least.", 'glprak'], ['u/Gavel-Dropper', 21, '2020-05-18 01:23', 'https://www.reddit.com/r/Bitcoin/comments/glprak/got_scammed_bitcoin/fqz0nfk/', 'Sorry to hear that guy. Let this be a lesson for all the people that believe that FREE Bitcoin exists. It doesn’t. Earn it.', 'glprak'], ['u/senfmeister', 33, '2020-05-18 01:25', 'https://www.reddit.com/r/Bitcoin/comments/glprak/got_scammed_bitcoin/fqz0wth/', '"Send me .1BTC and I\'ll send you back .2BTC!"', 'glprak'], ['u/flapus007', 11, '2020-05-18 01:35', 'https://www.reddit.com/r/Bitcoin/comments/glprak/got_scammed_bitcoin/fqz24bu/', 'A fool and his money will soon be parted...', 'glprak'], ['u/DrDankMemesPhD', 12, '2020-05-18 01:50', 'https://www.reddit.com/r/Bitcoin/comments/glprak/got_scammed_bitcoin/fqz3ssb/', "I got $36 worth of BTC free from Coinbase through the Coinbase Earn program. They're trying to jumpstart alt coins, but I just immediately converted them to BTC and transferred to my wallet. Wouldn't have thought it was legit, but it was.", 'glprak'], ['u/ShokoMaster', 18, '2020-05-18 02:02', 'https://www.reddit.com/r/Bitcoin/comments/glprak/got_scammed_bitcoin/fqz57xf/', "Dam I honestly can't believe people fall for this.", 'glprak'], ['u/outofofficeagain', 20, '2020-05-18 03:32', 'https://www.reddit.com/r/Bitcoin/comments/glprak/got_scammed_bitcoin/fqze98h/', 'So you thought he became a billionaire by giving away 5,000btc.', 'glprak'], ['u/Pythagorean0503', 19, '2020-05-18 04:27', 'https://www.reddit.com/r/Bitcoin/comments/glprak/got_scammed_bitcoin/fqzjq8o/', 'Youtube has been inundated with these lately. Blows my mind that Youtube can immediately police unfriendly comments about various SJW topics but have absolutely no idea that these bitcoin scams are being propagated through the algorithm. I saw one for Linus Torvalds and one for Elon Musk lately but luckily did not try to send any money.', 'glprak'], ['u/Papa_L0u', 10, '2020-05-18 05:09', 'https://www.reddit.com/r/Bitcoin/comments/glprak/got_scammed_bitcoin/fqznwq6/', "Wait so you read about people being scammed this way and you still got scammed? That's a yikes from me pal.", 'glprak'], ['u/zemoghex', 22, '2020-05-18 05:19', 'https://www.reddit.com/r/Bitcoin/comments/glprak/got_scammed_bitcoin/fqzosiz/', 'Or maybe karma just got you!', 'glprak'], ['u/Placebo17', 14, '2020-05-18 05:43', 'https://www.reddit.com/r/Bitcoin/comments/glprak/got_scammed_bitcoin/fqzr5h9/', "Hey buddy, send me 0.1 BTC and I'll send you back 1 BTC is an hour. LOL how do people fall for this crap?", 'glprak'], ['u/dandale33', 43, '2020-05-18 05:55', 'https://www.reddit.com/r/Bitcoin/comments/glprak/got_scammed_bitcoin/fqzs6mk/', 'Your own greed was just punished. Karma just got YOU.', 'glprak'], ['u/Moh4565', 11, '2020-05-18 05:58', 'https://www.reddit.com/r/Bitcoin/comments/glprak/got_scammed_bitcoin/fqzshne/', 'I never saw it this way, it kindve makes sense', 'glprak'], ['u/Miffers', 29, '2020-05-18 06:10', 'https://www.reddit.com/r/Bitcoin/comments/glprak/got_scammed_bitcoin/fqztjq3/', "There's an old saying in Tennessee — I know it's in Texas, probably in Tennessee — that says, fool me once, shame on — shame on you. Fool me — you can't get fooled again.\n\nGeorge W. Bush", 'glprak']]], ['u/fryeaaron', 'i just deposited bitcoin onto an onion website and they aren’t showing up can someone pm me and help me please?', 35, '2020-05-18 02:32', 'https://www.reddit.com/r/deepweb/comments/glqzjw/i_just_deposited_bitcoin_onto_an_onion_website/', 'edit: it went in it just took a while to confirm, thanks for the help tho guys.', 'https://www.reddit.com/r/deepweb/comments/glqzjw/i_just_deposited_bitcoin_onto_an_onion_website/', 'glqzjw', [['u/Bucky__23', 28, '2020-05-18 05:04', 'https://www.reddit.com/r/deepweb/comments/glqzjw/i_just_deposited_bitcoin_onto_an_onion_website/fqznf1s/', 'Bitcoin transactions can take a WHILE so just be patient and hope it’s that and not a scam :)', 'glqzjw'], ['u/sipsip_slow', 10, '2020-05-18 11:26', 'https://www.reddit.com/r/deepweb/comments/glqzjw/i_just_deposited_bitcoin_onto_an_onion_website/fr0fq3z/', 'here u are again looool dont u know depositing bitcoins on a tor website isnt illegal? or didnt u learn that from youtube videos about deepweb secrets bmt "night night" loool this guy thinks hes batman', 'glqzjw']]], ['u/twpryor', 'How many of you have ACTUALLY read the Bitcoin whitepaper?', 64, '2020-05-18 02:48', 'https://www.reddit.com/r/Bitcoin/comments/glr993/how_many_of_you_have_actually_read_the_bitcoin/', 'Just out of curiosity. Are people learning from second hand sources or from the original source?', 'https://www.reddit.com/r/Bitcoin/comments/glr993/how_many_of_you_have_actually_read_the_bitcoin/', 'glr993', [['u/TheGreatMuffin', 39, '2020-05-18 02:51', 'https://www.reddit.com/r/Bitcoin/comments/glr993/how_many_of_you_have_actually_read_the_bitcoin/fqza6pa/', '> Are people learning from second hand sources or from the original source? \n\nIt\'s not an "either or" thing. There is much more to learn about bitcoin that just the whitepaper (it doesn\'t even mention the 21m cap and so on). But of course it\'s a good, concise overview over bitcoin\'s basic workings.', 'glr993'], ['u/nullc', 24, '2020-05-18 03:40', 'https://www.reddit.com/r/Bitcoin/comments/glr993/how_many_of_you_have_actually_read_the_bitcoin/fqzf2ea/', "I would expect most people here have. It's very short and straight forward. But it also leaves a lot unmentioned or unexplained.", 'glr993'], ['u/BitSexual', 12, '2020-05-18 05:19', 'https://www.reddit.com/r/Bitcoin/comments/glr993/how_many_of_you_have_actually_read_the_bitcoin/fqzorox/', 'Bro I even read the Bitcoin blackpaper.', 'glr993']]], ['u/signalme', 'Today, a hacker compromised my Coinbase account and bought Bitcoin with every bit of money I had on my debit card. I have no money in the bank now. I have text authentication and email authentication, too.', 43, '2020-05-18 03:00', 'https://www.reddit.com/r/CoinBase/comments/glrg2l/today_a_hacker_compromised_my_coinbase_account/', '****UPDATED INFO (VIDEO) FOR ATT SIM SWAP ATTACK! I made a video of ATT admitting fault and responsibility for the sim swap attack, but they didn’t offer a resolution for the time, damages or stolen funds. Even though they said it’s their responsibility! Here’s the video \n\nhttps://youtu.be/tmiMpo8QH_s\n\nAlso, Coinbase is not trying to help for any of the funds that the hacker used from my bank account! A regulated US company. I get that they can’t reverse the crypto you already have, but they store our banking info and the hacker used my attached debit card to use USD to purchase Bitcoin that I didn’t even have in the first place*****\n\n\n\n\nPlease help ....and try to refrain from stubborn snooty comments like, “shouldn’t use Coinbase.” It could happen to any of us no matter how secure we are. \n\n\nBoth of those text number has to be entered first, then the authorization link needs to be click on in my email. Which no one has accessed my email or i would have gotten an alert. Can this be taken care of?', 'https://www.reddit.com/r/CoinBase/comments/glrg2l/today_a_hacker_compromised_my_coinbase_account/', 'glrg2l', [['u/juicycurlbro69', 30, '2020-05-18 03:34', 'https://www.reddit.com/r/CoinBase/comments/glrg2l/today_a_hacker_compromised_my_coinbase_account/fqzeiwe/', 'I wish you luck trying to get help from customer service', 'glrg2l'], ['u/Sophonautt', 21, '2020-05-18 03:38', 'https://www.reddit.com/r/CoinBase/comments/glrg2l/today_a_hacker_compromised_my_coinbase_account/fqzexm7/', 'I want to see how this plays out.', 'glrg2l'], ['u/signal... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ["Square's Cash App now allows users to schedule automatic bitcoin purchases at set time intervals - daily, weekly, or bi-weekly. The new feature , dubbed \x93Auto Invest,\x94 follows the system of dollar-cost averaging, i.e., buying an asset in small amounts regularly, regardless of its price. \x93You don\x92t need perfect timing if you\x92re thinking long-term...By spreading purchases out, you can minimize the impact of market swings,\x94 said Cash App. The app supports both bitcoin and stocks for Auto Invest, and the minimum recurring buying limit is $10. Cash App now also displays units in satoshis (sats) instead of just bitcoin (BTC) for easier navigation with smaller amounts. Source: Twitter The Auto Invest feature comes as Cash App\x92s bitcoin sales continue to grow. In the first quarter of 2020, the app generated $306 million in bitcoin revenue and $7 million in gross profit. © 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.", "Square's Cash App now allows users to schedule automatic bitcoin purchases at set time intervals - daily, weekly, or bi-weekly.\nThenew feature, dubbed “Auto Invest,” follows the system of dollar-cost averaging, i.e., buying an asset in small amounts regularly, regardless of its price.“You don’t need perfect timing if you’re thinking long-term...By spreading purchases out, you can minimize the impact of market swings,” said Cash App.\nThe app supports both bitcoin and stocks for Auto Invest, and the minimum recurring buying limit is $10.\nCash App now alsodisplaysunits in satoshis (sats) instead of just bitcoin (BTC) for easier navigation with smaller amounts.\nSource:TwitterThe Auto Invest feature comes as Cash App’s bitcoin sales continue to grow. In the first quarter of 2020, the appgenerated$306 million in bitcoin revenue and $7 million in gross profit.\n© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.", '500 Miners Expected to Generate 56 PH/s (petahash) of Hashing Power\nCompany Estimates Increase in Operating Hashrate to Approximately 185 PH/s when all miners purchased this week are received and deployed\nLAS VEGAS, May 19, 2020 (GLOBE NEWSWIRE) -- Marathon Patent Group, Inc. (NASDAQ:MARA) ("Marathon" or "Company"), one of the few Nasdaq listed cryptocurrency mining companies in the United States, today announced the purchase of an additional 500 of the latest generation Bitmain S19 Pro Miners.\nThese 500 miners will produce 110 TH/s and generate 56 PH/s (petahash) of hashing power, bringing the company’s total Hashrate to approximately 185 PH/s when fully deployed. This compares to the companies previous S-9 production of 46 PH/s. The company paid $1,258,500.00 and was funded with cash on hand. The company expects to take delivery of these units by the end of August.\nOn May 11, 2020, Marathon announced the purchase of 700 M30S+ (80 TH) miners. On May 12, 2020, the Company announced the purchase 660 Bitmain S19 Pro Miners. Today’s announcement of the purchase of an additional 500 S19 Pro Miners brings the total state of the art, next generation miners purchased in the past 8 days to 1,860 units.\nWith the recent price increase of Bitcoin, the forward months of each batch of production capacity of Bitcoin miners has been selling out. The company has worked very aggressively to acquire miners with the nearest delivery dates so the miners may be put into production as soon as possible. The company now has miners scheduled to arrive in May, July, and August of this year. Only one NASDAQ listed company has announced more hashing power coming online this summer than Marathon.\nInvestor Notice\nInvesting in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under "Risk Factors" in Item 1A of our most recent Annual Report on Form 10-K for the fiscal year ended December 31, 2018. If any of these risks were to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our securities could decline, and you could lose part or all of your investment. The risks and uncertainties we describe are not the only ones facing us. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. See "Safe Harbor" below.\nForward-Looking Statements\nStatements made in this press release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by the use of words such as “may,” “will,” “plan,” “should,” “expect,” “anticipate,” “estimate,” “continue,” or comparable terminology. Such forward-looking statements are inherently subject to certain risks, trends and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate and involve factors that may cause actual results to differ materially from those projected or suggested. Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors listed above together with the additional factors under the heading “Risk Factors” in the Company\'s Annual Reports on Form 10-K, as may be supplemented or amended by the Company\'s Quarterly Reports on Form 10-Q. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events, new information or otherwise.\nCONTACT INFORMATION\nName: Jason AssadPhone: 678-570-6791Email:[email protected]', '500 Miners Expected to Generate 56 PH/s (petahash) of Hashing Power Company Estimates Increase in Operating Hashrate to Approximately 185 PH/s when all miners purchased this week are received and deployed LAS VEGAS, May 19, 2020 (GLOBE NEWSWIRE) -- Marathon Patent Group, Inc. (NASDAQ: MARA ) ("Marathon" or "Company"), one of the few Nasdaq listed cryptocurrency mining companies in the United States, today announced the purchase of an additional 500 of the latest generation Bitmain S19 Pro Miners. These 500 miners will produce 110 TH/s and generate 56 PH/s (petahash) of hashing power, bringing the company’s total Hashrate to approximately 185 PH/s when fully deployed. This compares to the companies previous S-9 production of 46 PH/s. The company paid $1,258,500.00 and was funded with cash on hand. The company expects to take delivery of these units by the end of August. On May 11, 2020, Marathon announced the purchase of 700 M30S+ (80 TH) miners. On May 12, 2020, the Company announced the purchase 660 Bitmain S19 Pro Miners. Today’s announcement of the purchase of an additional 500 S19 Pro Miners brings the total state of the art, next generation miners purchased in the past 8 days to 1,860 units. With the recent price increase of Bitcoin, the forward months of each batch of production capacity of Bitcoin miners has been selling out. The company has worked very aggressively to acquire miners with the nearest delivery dates so the miners may be put into production as soon as possible. The company now has miners scheduled to arrive in May, July, and August of this year. Only one NASDAQ listed company has announced more hashing power coming online this summer than Marathon. Investor Notice Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under "Risk Factors" in Item 1A of our most recent Annual Report on Form 10-K for the fiscal year ended December 31, 2018. If any of these risks were to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our securities could decline, and you could lose part or all of your investment. The risks and uncertainties we describe are not the only ones facing us. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. See "Safe Harbor" below. Story continues Forward-Looking Statements Statements made in this press release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by the use of words such as “may,” “will,” “plan,” “should,” “expect,” “anticipate,” “estimate,” “continue,” or comparable terminology. Such forward-looking statements are inherently subject to certain risks, trends and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate and involve factors that may cause actual results to differ materially from those projected or suggested. Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors listed above together with the additional factors under the heading “Risk Factors” in the Company\'s Annual Reports on Form 10-K, as may be supplemented or amended by the Company\'s Quarterly Reports on Form 10-Q. The Company assumes no obligation to update or supplement forward-looking statements that be **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-05-19 **Financial & Commodity Data:** - Gold Closing Price: $1744.20 - Crude Oil Closing Price: $32.50 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $174,437,995,619 - Hash Rate: 92066047.0804763 - Transaction Count: 274897.0 - Unique Addresses: 581379.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.50 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: The World Economic Forum (WEF) is pitching blockchain as the savior of failing global supply chains and says its blockchain deployment toolkit, published Tuesday, is the roadmap to launch. Responding to the economic stresses of COVID-19 , which has frozen global consumer demand and also exposed life-and-death holes in existing supply chains, the Swiss NGO best known for its glitzy Davos summit published “ Redesigning Trust: Blockchain Deployment Toolkit ,” a guide to building more resilient supply chains on distributed ledgers. The 244-page report includes checklists, guided questions, explainers and risk assessments addressing tax concerns and data privacy; forming a consortium, its ecosystem and governance; public vs. private chains; cybersecurity; interoperability; and digital identity, among other concerns. The toolkit is less a barometer for deciding if blockchain fits one’s scenario than it is a guide to implementing DLT within that scenario effectively. Related: No Visits, No Parole: Ross Ulbricht Is More Alone Than Ever During COVID-19 For example, one section considers how zero-knowledge proofs, homomorphic encryption, role-based access controls and off-chain hashing configurations may offer workarounds for the European Union’s General Data Protection Regulation (GDPR), a sweeping internet privacy law whose right to data erasure is at seemingly existential odds with blockchain’s distributed and immutable nature. The toolkit frames blockchain as a natural technological evolution for companies and governments emerging from this public health crisis. “The case for blockchain is stronger as the COVID-19 pandemic underscores the need for more resilient global supply chains, trusted data and an economic recovery enabled through trade digitization,” the report’s authors wrote. Blockchain and the coronavirus Development of the toolkit predated the COVID-19 crisis by more than a year, but its release was fast-tracked in light of the virus, said Nadia Hewett, the forum’s blockchain and digital currency lead and one of the toolkit’s main authors. It is perhaps more timely in the shadow of the generational shock to public health and economies alike. Story continues Related: US Authorities Freeze COVID-19 Website Alleged Scammer Tried to Sell for Bitcoin The virus that first froze China did the same nearly everywhere over vast swaths of the globe. Economies rolled into turmoil as governments grappled with a false choice – shutter the businesses or risk catastrophic infection rates – before ultimately siding with public health, a choice even Federal Reserve researchers called an economic no-brainer. Consequently, the coronavirus reshaped global trade in ways that are still developing and whose long-term implications will not fully be known for months or more. Along with supply chains frozen by their economies’ respective inactivity, there’s also questions of overall supply chain resiliency that the World Economic Forum has itself argued blockchain can fix. Read More: Why the World Economic Forum Is Creating a Blockchain ‘Bill of Rights’ Blockchain “is not a silver bullet,” Hewett said. “It’s not going to solve it all, but it absolutely has features that can help with issues that’s typical in epidemics and pandemics.” Hewett said blockchain could help overcome medical equipment provenance issues that opportunistic scammers have exploited, tricking small-scale orders and even medical centers into spending emergency funds on worthless fake masks. This is a problem blockchain’s peer-to-peer immutability can address, Hewett said. On a broader scale, Hewett said the pandemic may make companies of all sizes reconsider their technological reliance networks and “push ahead” with improvements they began developing during past crises but fizzled as triggers event receded. COVID-19 appears to be a more resilient call to arms, she said. “This time we really do see a big momentum behind making sure this time that they capture the momentum and that we bake into our solutions day-to-day elements but also that could help during a disruption,” she said. “Post-COVID, that future state, let’s work toward and shape the outcome in a way that promotes interoperability, integrity, and inclusivity.” Public-private partnership The WEF worked with both private companies and government entities to ensure the guide provided the most helpful advice. “You can use it to navigate end-to-end for deployment guidance, you can choose the specific topic of interest for you or your team,” Hewett said. Hewett also noted the lag some global regulators have had in coming to grips with this new technology class. “These technologies are moving incredibly fast,” Hewett said. “Your traditional ways of regulation and waiting are not going to work.” The guidebook tries to inject “agility” into that regulatory dance by compiling the experiences of 80 companies, 40 use cases and 20 governments that have faced blockchain-for-supply-chain questions before. Read More: World Economic Forum Looks to Blockchain for Supply Chain Woes Hewett said this public and private sector collaboration was critical. The toolkit “covers topics which aren’t always that obvious to technologists or business leaders,” she said, and offers guidance informed by others’ mistakes. One startup’s late-stage realization that its upcoming blockchain deployment had tax implications led the guide to include an entire section on tax considerations, Hewett said. “The toolkit as a minimum forces organizations to ask themselves those questions and make sure it is considered,” she said. Collective deployment experiences, now compiled in a public document, will help small and medium sized enterprises (SME) cut past marketing storylines to reach the how-to of blockchain implementation, a previously costly proposition, she said. “We can put this in the hands of those parts of the world, those parts of the supply chains, where they’re not empowered with information to negotiate good positions for themselves. We really hope to see this put power back in the hands of those SMEs,” she said. Related Stories COVID-19 Tracing Apps Have to Go Viral to Work. That’s a Big Ask Road to Consensus: Harry Halpin Talks Holistic Privacy, Mixnets and COVID-19 (of Course)... - 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.
9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12
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:** ['VANCOUVER, British Columbia, May 19, 2020 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. ( DMGI.V ) (DMGGF:OTC US) ( 6AX.F ) (“ DMG ” or the “ Company ”), a diversified blockchain and technology company, is pleased to present its new corporate presentation including the Company‘s updated operational business outlook. In advance of its conference call tomorrow, DMG is providing an update on its outlook and plans for the fiscal years 2020 to 2023. DMG has raised its financial expectations to reflect stronger than anticipated market developments, with an expectation that trends will continue to significantly favor DMG’s business model in the years ahead, while remaining competitive in an increasingly innovation driven and energy cost dependent bitcoin mining industry. The Company expects its self-mining compute power to increase following the strong growth in bitcoin price. As a result, the Company is now raising its business projections accordingly. Increasing self-mining compute power will require the Company to secure sufficient capital through equity, debt, or joint ventures in order to purchase additional miners, add more megawatt capacity to the Company’s existing mining facility, and potentially acquire a second or third mining facility. Self-Mining Division DMG intends to expand its self-mining efforts with a goal to becoming one of the largest North American bitcoin mining companies by compute power. DMG will continue its strategy to blend self-mining with hosted mining for third-party clients. This model allows the Company to earn consistent revenues from hosting, and at the same time benefit from surges in BTC value from self-mining. DMG forecasts that approximately 65% of its mining capacity at its facility will be for self-mining by the end of 2021. DMG’s forward-looking forecasts are based on adding self-mining compute power on a consistent basis over the next three years. DMG will acquire mining hardware at regular intervals (subject to securing sufficient capital to make such purchases) to ensure that the fleet includes the most efficient hardware available at all times and to avoid the need to replace the entire fleet simultaneously in the future. Story continues Hosted Mining DMG currently serves a variety of hosted mining clients and intends to significantly grow its hosted mining operations by encouraging existing clients to upgrade their miners, and to add additional hosted mining clients through its business development and marketing efforts. Other Business Divisions DMG continues to develop and license its proprietary software products including Mine Manager, Blockseer, and Walletscore, and is currently working to merge Blockseer and Walletscore into a single platform. In the near future, DMG will provide more comprehensive details on these software products. ‘Wazabi’ is still in the early stages of development and has not yet been commercialized. Soon DMG will also provide more comprehensive details on Wazabi’s progress and outlook. Competitive Advantage DMG owns its own 84MW substation and currently has in place infrastructure to support 45MW of mining. DMG’s mining team is one of the most experienced globally, and its Mine Manager software ensures tremendous data centre uptime and efficient service and maintenance processes. DMG expects to employ various methods in order to expand its self-mining and hosted mining capacity. These may include outright purchasing of mining hardware, financing, or strategic partnerships with various OEM manufacturers and investors. Conference Call Daniel Reitzik, the Company‘s CEO, states: “We look forward to providing our shareholders, partners, and other stakeholders with an update on the Company’s current and future efforts. Please join us tomorrow at 9:00 a.m. PST by logging on to: https://us02web.zoom.us/s/81091822055?pwd=N2Y1MWJ0SmwzZ0NkK091cy91TnNwdz09 -Password: 851780” DMG intends to share its new presentation and to explain and discuss its recently announced new mining overview. (To access PDF versions of both documents, please go to www.dmgblockchain.com/investors ). The Company will host a presentation on Wednesday, May 20, 2020, at 9:00 a.m. PST, and DMG’s CEO Dan Reitzik, COO Sheldon Bennett, and CTO Adrian Glover will provide a more detailed business update during that call. To join the event, please use the above-mentioned Zoom link (and please call in approximately 10 minutes in advance to participate in the live call). Alternatively, you will have the opportunity to listen to the conference call afterwards by accessing an archived version of the call on the Company‘s website (to submit questions before the call to management, please email John Martin at [email protected] ). About DMG Blockchain Solutions Inc. DMG is a diversified cryptocurrency and blockchain platform company that is focused on the two primary opportunities in the sector – mining public blockchains and applying permissioned blockchain technology. DMG focuses on mining bitcoin, providing hosting services for industrial mining clients, earning revenues from block rewards and transaction fees, developing data analytics and forensic software products, working with auditors, law firms, and law enforcement to provide technical expertise. DMG’s permissioned blockchain technology is focused on developing enterprise software for the supply chain management of controlled products. DMG’s strategy is to become the domain experts across the business verticals it focuses on. DMG’s management team includes seasoned crypto experts, forensic & financial professionals and blockchain developers with deep relationships throughout the industry, with previous experience working at Bitfury, PwC, EY, Cisco and UBS. For more information on DMG Blockchain Solutions visit: www.dmgblockchain.com On behalf of the Board of Directors, Daniel Reitzik, CEO & Director For further information, please contact: DMG Blockchain Solutions Inc. Investor Relations: John Martin Toll Free: 1-888-702-0258 Email: [email protected] Web: www.dmgblockchain.com Direct: 778-868-6470 Cautionary Note Regarding Forward-Looking Information This news release contains forward-looking information based on current expectations. Statements about the Company’s plans to increase petahash (PH) by self-mining, securing financing to complete the Company’s business plans, adding more megawatts, acquiring additional facilities, price of bitcoin, plans and intentions, other potential transactions, acquisition of customers, product development, events, courses of action, and the potential of the Company’s technology and operations, among others, are all forward-looking information. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions; the ability to manage operating expenses, which may adversely affect the Company’s financial condition; the ability to remain competitive as other better financed competitors develop and release competitive products; regulatory uncertainties; access to equipment; market conditions and the demand and pricing for products; the demand and pricing of bitcoins; security threats, including a loss/theft of DMG’s bitcoins; DMG’s relationships with its customers, distributors and business partners; the inability to add more power to DMG’s facilities; DMG’s ability to successfully define, design and release new products in a timely manner that meet customers’ needs; the ability to attract, retain and motivate qualified personnel; competition in the industry; the impact of technology changes on the products and industry; failure to develop new and innovative products; the ability to successfully maintain and enforce our intellectual property rights and defend third-party claims of infringement of their intellectual property rights; the impact of intellectual property litigation that could materially and adversely affect the business; the ability to manage working capital; and the dependence on key personnel. DMG may not actually achieve its plans, projections, or expectations. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, the ability to successfully develop software, that there will be no regulation or law that will prevent the Company from operating its business, anticipated costs, the ability to secure sufficient capital to complete its business plans, the ability to achieve goals and the price of bitcoin. Given these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements. DMG’s forward-looking projections are based on securing necessary financing through equity, debt or joint venture structures in order to finance required investments for new mining equipment until 2023 and beyond. Currently, the Company does not have sufficient capital or financing available to complete the entire expansion through 2023 and plans to seek the required funds in the relevant fiscal periods. However, DMG may face difficulties obtaining sufficient financing and in a timely manner to support the Company’s future growth g **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-05-20 **Financial & Commodity Data:** - Gold Closing Price: $1750.60 - Crude Oil Closing Price: $33.49 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $174,437,995,619 - Hash Rate: 92066047.0804763 - Transaction Count: 274897.0 - Unique Addresses: 581379.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.52 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Santa Monica, California--(Newsfile Corp. - May 5, 2020) - Wanderport Corporation (OTC Pink: WDRP), a premier manufacturer and distributor of food, beverages and consumer products for the health and wellness markets, today announces the offering of face masks for consumers to help meet increasingly overwhelming demand. In an effort to address the necessity to reduce the spread of COVID-19 the Company is enhancing its line of wellness products with the addition of triple layer, quality face masks. Packaged in units of 3, these protective polyester and cotton fabric masks provide a soft covering to the nasal cavities, providing a comfortable layer of protection, at a time when growing national mask inclusive mandates continue evolving daily. Mask Banner To view an enhanced version of this graphic, please visit: https://orders.newsfilecorp.com/files/6746/55405_71c2e20374295be8_001full.jpg The mask outer layer is water resistance polyester which also provides protection from UV and dust. The inner two layers are cotton blend and are anti-bacterial and anti-dust. They are washable and reusable thus reducing waste and more environmental friendly. The masks are available in different colors and sizes and can be purchased at www.wanderbrands.com . Purchases made on Wander Brands store will also earn customer reward points which can be redeemed as cash discounts or digital tokens in the future. Customers may also pay for purchases via Bitcoin via BitPay. The Company is also working to make the product available on other online marketplaces in the near future. Wholesale and private label masks are also available for companies and patrons seeking originality, and customization with corporate logos, slogans and other statement opportunities, strategically designed to impact corporate brand recognition and enhance familiarity. Although not intended for medical use the masks are well-constructed for the needs of the general public. Higher grade masks such as N95 and KN95 are also available for healthcare organizations, selected markets or consumers outside of the US. As the country gears up for an economic grand re-opening, protective new operating procedures are being implemented to uphold high level respiratory protection standards in the workplace. Starting May 4th, Costco is among the first requiring all shoppers to wear face masks while inside the popular warehouse club, an indicator of what can be expected as society approaches the threshold of a new, much more guarded environment. "We now know from recent studies that a significant portion of individuals with coronavirus lack symptoms ("asymptomatic"), and that even those who eventually develop symptoms ("pre-symptomatic") can transmit the virus to others before showing symptoms," according to the advisory published by the CDC. "This means that the virus can spread between people interacting in close proximity - for example, speaking, coughing, or sneezing - even if those people are not exhibiting symptoms." The report continued: "In light of this new evidence, CDC recommends wearing cloth face coverings in public settings where other social distancing measures are difficult to maintain (e.g., grocery stores and pharmacies) especially in areas of significant community-based transmission," the advisory stated. Accordingly, New York Governor Andrew Cuomo said that he would start requiring people in New York to wear masks or face coverings in public whenever social distancing was not possible. "These restrictions that I have laid out must be followed throughout the state," Mr. Murphy, New Jersey Governor, said last week. "We are taking the step to protect both customers and essential workers." Story continues The mandates were the latest public safety measures from two states that are at the epicenter of the pandemic in the United States. New York and New Jersey have worked in tandem since the outbreak reached the region, shuttering nonessential businesses at the same time and recently forming a coalition with neighboring states to coordinate the reopening of their economies. "New workplace safety protocols are being established such as health screenings and face coverings. They are expected to remain in place for the foreseeable future. We are pleased to provide the high quality face masks to address this need and play a role in keeping everyone safe. Additional safety product offerings are also being considered as the markets and demands are identified," stated Miki Takeuchi, CEO. About Wanderport Corporation: Wanderport Corporation is a premier manufacturer and distributor of food, beverages and consumer products made with hemp. The Company operates an e-commerce platform, Wander Brands, that offers a wide range of health and wellness related products to support active and healthy lifestyles. For more information, please visit: Website: https://www.wanderbrands.com . Facebook: https://www.facebook.com/WanderBrandsUS Twitter: @wanderbrandsus Instagram: wanderbrandsus Forward-Looking Statements: Statements made herein constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services to be offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating efforts. Forward-looking statements are projections of events, revenues, income, future economics, research, development, reformulation, product performance or management's plans and objectives for future operations. While these forward-looking statements and any assumptions upon which they are based are made in good faith and reflect current judgment regarding the direction of the business operations of Wanderport Corporation, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this press release. Contact: Wanderport Corporation www.wanderbrands.com Investor Relations: Miki Takeuchi [email protected] (310) 526-8720 To view the source version of this press release, please visit https://www.newsfilecorp.com/release/55405... - 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.
9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41
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:** ['Registered users of over 5 million from over 200 countries or regions Vancouver, British Columbia--(Newsfile Corp. - May 21, 2020) - Hello Pal International Inc. (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 April 2020 as set forth below: Livestreaming Service Hello Pal\'s livestreaming service achieved record receipts of approximately $640,000*, being an increase of 42.8% above the receipts received in March 2020. The livestreaming service continues to be active with over 10,000 daily active users. Hello Pal has experienced robust grown in five months with receipts increasing from $100,000*, in November 2019, to the above mentioned $640,000*, in April 2020. This shows that Hello Pal has successfully monetized its user base without any unwanted advertising or marketing. Strong Registered User Base As of the date of the news release, Hello Pal\'s registered user base is over 5 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/56244', 'Registered users of over 5 million from over 200 countries or regions\nVancouver, British Columbia--(Newsfile Corp. - May 21, 2020) -Hello Pal International Inc.(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 April 2020 as set forth below:\nLivestreaming Service\nHello Pal\'s livestreaming service achieved record receipts of approximately $640,000*, being an increase of 42.8% above the receipts received in March 2020. The livestreaming service continues to be active with over 10,000 daily active users.\nHello Pal has experienced robust grown in five months with receipts increasing from $100,000*, in November 2019, to the above mentioned $640,000*, in April 2020. This shows that Hello Pal has successfully monetized its user base without any unwanted advertising or marketing.\nStrong Registered User Base\nAs of the date of the news release, Hello Pal\'s registered user base is over 5 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 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.\nThe 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.\nHello 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.\nInformation 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.\n*Non-IFRS Financial Measure\nReaders 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. **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-05-21 **Financial & Commodity Data:** - Gold Closing Price: $1720.50 - Crude Oil Closing Price: $33.92 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $174,437,995,619 - Hash Rate: 98579623.7035512 - Transaction Count: 298483.0 - Unique Addresses: 624412.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.49 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Bug bounty platform HackerOne severed ties with Medici Ventures-backed Voatz, the blockchain-based mobile voting app, for breach of partnership standards. The removal cuts off Voatz’ access to HackerOne’s network of “ethical hackers” who trade their expertise in finding code faults for cash. HackerOne partners with corporations interested in shoring up potential security vulnerabilities. Across 1,800 total relationships and eight years, though, it’s never before kicked a partner out, said representative Samantha Spielman. The news was first reported Monday by CyberScoop . Related: Can Bitcoin Survive the Climate Change Revolution? Spielman said Voatz’ breach of “partnership standards” made the relationship unviable, despite the program’s past bug-hunting successes. “As a platform, we work tirelessly to foster that mutually beneficial relationship between security teams and the researcher community,” she said. Spielman declined to elaborate on Voatz’ standards breach. Voatz told CoinDesk in a statement it regrets the relationship’s “temporary pause.” It said that HackerOne had caved to a “small group of researchers who, along with a few other members of the community, believe Voatz reported a researcher to the FBI.” “This falsehood and misinformation has been a source of animosity toward Voatz and our partners, who face consistent attacks from these researchers,” the statement said. Related: Fired Employees’ Harassment Suit Against Tron Will Move to Private Arbitration West Virginia Secretary of State Mac Warner said in October 2019 the Federal Bureau of Investigation was investigating an attempted breach of the app during a pilot program in 2018. West Virginia has used the app in multiple pilots, and Warner maintains that no votes have been altered to date. Rocky year Voatz came under the spotlight in mid-February when a group of MIT researchers released a scathing write-up highlighting myriad apparent security flaws in the app. They alleged Voatz was essentially bunk, criticized its transparency and called up election officials considering the app to maybe think twice. Voatz responded with its own criticism. In a sarcasm-laced Feb. 13 press release , it called the researchers’ report unfair and their “bad faith recommendations” irreparably flawed. However, earlier this month Trail of Bits published a report supporting the MIT researchers’ claims. Voatz had commissioned Trail of Bits to analyze its platform. Voatz began working with HackerOne in August 2018 and has paid out over $6,000 to researchers through “HackerOne and other avenues” since. It plans to announce its own bounty program “in the coming days.” Story continues West Virginia has dropped its partnership with the company. Related Stories Everledger Looks Beyond Blood Diamonds With ESG Supply Chain Collaboration 8 US States Follow DHS in Naming ‘Blockchain Managers’ as Essential Employees in Coronavirus Crisis View comments... - Reddit Posts (Sample): [['u/Pughie24', 'Have I missed the boat?', 48, '2020-05-21 00:34', 'https://www.reddit.com/r/nanocurrency/comments/gnkrcx/have_i_missed_the_boat/', 'Hi all, \n\n\nJust been reading about Nano (I have been blinkered by BTC and ETH and have only been interested in those two since 2017) however I recently read an article about Nano and I absolutely love what it stands for. However checking the price is it likely to increase or is it at a point whereby everyone is waiting for the price to drop before buying?\n\nLooking forward to hearing from you!', 'https://www.reddit.com/r/nanocurrency/comments/gnkrcx/have_i_missed_the_boat/', 'gnkrcx', [['u/FuckingPrawns', 34, '2020-05-21 00:44', 'https://www.reddit.com/r/nanocurrency/comments/gnkrcx/have_i_missed_the_boat/fraa0et/', "This might be better in /r/nanotrade\n\nHowever, personally I'd say that if you believe in cryptocurrency in general, anything under a dollar is a good buy. The price may go down still, but it'll be correlated to the general ecosystem going down.", 'gnkrcx'], ['u/throwawayxooox', 27, '2020-05-21 01:38', 'https://www.reddit.com/r/nanocurrency/comments/gnkrcx/have_i_missed_the_boat/fraf46l/', "I'm not a fan of DGB, they've been using bot accounts on social media for years now and it rubs me the wrong way. I refuse to support companies that do dodgy shit. I also don't think there's any point in owning it when you can own Nano instead. Time and time again they've lost to Nano in terms of outreach despite trying to rig the game.", 'gnkrcx'], ['u/Pughie24', 14, '2020-05-21 01:40', 'https://www.reddit.com/r/nanocurrency/comments/gnkrcx/have_i_missed_the_boat/fraf9he/', "Oh shit didn't know that! may have to re-think that one, thanks for letting me know", 'gnkrcx'], ['u/throwawayxooox', 14, '2020-05-21 01:42', 'https://www.reddit.com/r/nanocurrency/comments/gnkrcx/have_i_missed_the_boat/frafkda/', "Yeah, and to back up my claim:\n\n[https://bravenewcoin.com/insights/new-report-identifies-coins-profiting-from-fake-social-media-engagement](https://bravenewcoin.com/insights/new-report-identifies-coins-profiting-from-fake-social-media-engagement)\n\n>“Across the 450 crypto assets we investigated, there were an average of 1.02 tweets per $1M in \\[trading\\] volume,” The Tie stated on Twitter. \n> \n>However, there were a number of outliers on both ends. According to the company’s analysis the most overhyped assets were TokenPay, Electroneum, and Dragonchain, followed by Telcoin and **DigiByte**. \n\n\nI'd noticed it personally as well when using social media, it was really annoying and I find it really dishonest and dirty.", 'gnkrcx'], ['u/Live_Magnetic_Air', 15, '2020-05-21 01:47', 'https://www.reddit.com/r/nanocurrency/comments/gnkrcx/have_i_missed_the_boat/frafzqq/', "Another funny thing with DGB is that they market their tx's as instant notification or something like that even though confirmation must take at least 15 s since that's the block time. Who cares about being notified that a tx is taking place, what matters is getting the money.\n\nu/hanzyfranzy found that there was a problem with two of DGB's five PoW algorithms. You might find that post in his history.", 'gnkrcx'], ['u/revanyo', 21, '2020-05-21 01:53', 'https://www.reddit.com/r/nanocurrency/comments/gnkrcx/have_i_missed_the_boat/fragoxw/', "It is your call in the end. I am in on Nano for a few reasons. I see at least one more extended bull run for crypto. If BTC gets to its ATH, then Nano will rise. If we see another golden bull run where BTC surpasses its ATH, then Nano rises more. If over the next few years coin begin to die as markets become more regulated and less shady then Nano rises. \n\nThis last point is big. In 2017 there were a tone of ICO's created that will start to die if adoption does not take off or are scams. A lot of useless forks may begin to die as people see lack of use, and there is more of an opportunity cost to hold coins. \n\nNano is not an ICO, not a fork, not a scam (from what I can tell), and has shown success in getting added to US markets. \n\nFinally, if Nano becomes any amount of a player in the future of decentralized, fast, cheap transaction then it will majorly rise. \n\nI would do your own research and go from there.", 'gnkrcx'], ['u/Foodog100', 16, '2020-05-21 02:48', 'https://www.reddit.com/r/nanocurrency/comments/gnkrcx/have_i_missed_the_boat/framnlg/', "I don't think you have missed the boat, just remember that there will only ever be 6.35 Nano for each 1 BTC in existence.\n\nIf you ever think that nano could replace BTC or even match BTC's price action in late 2017.\n\nYou would be looking at $3000 nano each. It's a long shot but could be a reality if nano ever gets some sort of action.", 'gnkrcx'], ['u/xblackrainbow', 14, '2020-05-21 03:12', 'https://www.reddit.com/r/nanocurrency/comments/gnkrcx/have_i_missed_the_boat/frap6xt/', 'We also got a guy burning 10 Nanos every day on nanotrade. 1btc per 6.35 Nanos really puts things into perspective.', 'gnkrcx'], ['u/AbraHaunterGolem', 15, '2020-05-21 03:22', 'https://www.reddit.com/r/nanocurrency/comments/gnkrcx/have_i_missed_the_boat/fraq98z/', '>6.35 for each 1 BTC in existance\n\n​\n\nFu\\*k off, Fu\\*k you...Why are you doing this to me!!\n\n...now I have to invest even more money into this :D God Dammit!', 'gnkrcx'], ['u/z6joker9', 12, '2020-05-21 04:16', 'https://www.reddit.com/r/nanocurrency/comments/gnkrcx/have_i_missed_the_boat/fraw0fq/', 'The best advice I can give you is to buy small amounts regularly over time (dollar cost average), and if you want to have some fun, buy when things drop a good bit. \n\nTwo things for perspective: The first time I bought Nano was at $27 per Nano. \n\nAlso I remember passing on Bitcoin at first because by the time my exchange account was approved, which took over a week, it had increased from $30 to $50. I decided to wait for it to drop back down to $30.... which it never did.', 'gnkrcx'], ['u/DropShipIO', 13, '2020-05-21 05:44', 'https://www.reddit.com/r/nanocurrency/comments/gnkrcx/have_i_missed_the_boat/frb4lt3/', 'I can send 0.000000000000000000000000000001 NANO currently worth $0.0000000000000000000000000000008624 instantly with no fees to anywhere in the world. Seriously, how much lower do you want it to get? Why are you even buying NANO? A NANO faucet can give you at least 4,000,000,000,000,000,000,000,000 NANO raw worth $.000034496. Just use that open up a paperclip factory or something.', 'gnkrcx']]], ['u/LeadingChallenge2', 'VISA goes for digital currency blockchain patent', 53, '2020-05-21 03:47', 'https://www.reddit.com/r/StockMarket/comments/gnnv2k/visa_goes_for_digital_currency_blockchain_patent/', 'With its established payment network between every bank and any consumer globally, this patent should enable transformation of cash into digital currency in any country and eventually increase its volume to generate greater revenues/profits. https://www.forbes.com/sites/jasonbrett/2020/05/14/visa-submits-patent-application-for-digital-dollar-using-blockchain/#25fdcc995b63\n\nWhat is the value of bitcoin? lol', 'https://www.reddit.com/r/StockMarket/comments/gnnv2k/visa_goes_for_digital_currency_blockchain_patent/', 'gnnv2k', [['u/TheBigLT77', 10, '2020-05-21 04:34', 'https://www.reddit.com/r/StockMarket/comments/gnnv2k/visa_goes_for_digital_currency_blockchain_patent/fraxska/', 'Patent is old, this isn’t news', 'gnnv2k']]], ['u/martin1592', '[H] Glock Fade 0.01 100% 4x Titan Katowice 2014 Holo [W] $31500 BTC', 216, '2020-05-21 04:01', 'https://www.reddit.com/r/GlobalOffensiveTrade/comments/gno2lh/h_glock_fade_001_100_4x_titan_katowice_2014_holo/', '[Screenshots](https://imgur.com/a/nUVULWu)\n\nB/O $31500 BTC \n\nI can also accept CSGO and Dota 2 items\n\n\n[Cash rep](https://steamcommunity.com/groups/CSGOREPorts/discussions/5/1693785669860055275/)\n\n[Trade offer link](https://steamcommunity.com/tradeoffer/new/?partner=843504900&token=1-ivcyoX) or [Add me](https://steamcommunity.com/profiles/76561198803770628)', 'https://www.reddit.com/r/GlobalOffensiveTrade/comments/gno2lh/h_glock_fade_001_100_4x_titan_katowice_2014_holo/', 'gno2lh', [['u/dashdio', 35, '2020-05-21 09:55', 'https://www.reddit.com/r/GlobalOffensiveTrade/comments/gno2lh/h_glock_fade_001_100_4x_titan_katowice_2014_holo/frbmnzo/', 'Holy shit', 'gno2lh'], ['u/martin1592', 11, '2020-05-21 13:26', 'https://www.reddit.com/r/GlobalOffensiveTrade/comments/gno2lh/h_glock_fade_001_100_4x_titan_katowice_2014_holo/frbzfaa/', "60k? titan holos would have to be over 20k each for that to happen, that's not something that will happen anytime soon ;)", 'gno2lh'], ['u/ItsKyruu', 28, '2020-05-21 14:01', 'https://www.reddit.com/r/GlobalOffensiveTrade/comments/gno2lh/h_glock_fade_001_100_4x_titan_katowice_2014_holo/frc1usp/', 'Being in the scrape sticker page would just scare me... I would be scared I would accidentally click one by accident.', 'gno2lh'], ['u/Pileala', 36, '2020-05-21 14:37', 'https://www.reddit.com/r/GlobalOffensiveTrade/comments/gno2lh/h_glock_fade_001_100_4x_titan_katowice_2014_holo/frc4qs4/', 'thats like 1 milion sand dunes damn', 'gno2lh'], ['u/OfficialFatmetal', 12, '2020-05-21 20:31', 'https://www.reddit.com/r/GlobalOffensiveTrade/comments/gno2lh/h_glock_fade_001_100_4x_titan_katowice_2014_holo/frd9afy/', 'Another day another 100 upvote Martin post with his glock', 'gno2lh']]], ['u/_ich_', 'GBTC now holds 351k+ btc!!', 85, '2020-05-21 05:38', 'https://www.reddit.com/r/Bitcoin/comments/gnpioi/gbtc_now_holds_351k_btc/', 'I closely follow GBTC. Their investors bought almost 8000 btc in last 3 days. GBTC holds more than 351k btc now!![https://grayscale.co/bitcoin-trust/](https://grayscale.co/bitcoin-trust/)\n\nDo not sell them cheap :) \nHold!', 'https://www.reddit.com/r/Bitcoin/comments/gnpioi/gbtc_now_holds_351k_btc/', 'gnpioi', [['u/_ich_', 11, '2020-05-21 05:58', 'https://www.reddit.com/r/Bitcoin/comments/gnpioi/gbtc_now_holds_351k_btc/frb5wbd/', 'Daily', ... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Bitcoin slid by 4.68% on Thursday. Following on from a 2.74% fall on Wednesday, Bitcoin ended the day at $9,057.1.\nA bullish start to the day saw Bitcoin rise to an early morning intraday high $9,564.1 before hitting reverse.\nFalling short of the first major resistance level at $9,796.13, Bitcoin slid to a late intraday low $8,815.3.\nBitcoin slid through the first major support level at $9,254.43 and second major support level at $9,006.87 before finding support.\nLate in the day, Bitcoin broke back through the second major support level to $9,150 levels before easing back.\nIn spite of the late pullback saw Bitcoin steered clear of the second major support level.\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 the 62% FIB of $10,034 to form a near-term bullish trend.\nAcross the rest of the majors, it was a bearish day on Thursday.\nCardano’s ADA slid by 8.18% to lead the way down.\nBitcoin Cash ABC (-5.01%), EOS (-5.18%), Ethereum (-5.40%), Stellar’s Lumen (-5.98%), Tezos (-6.30%), and Tron’s TRX (-5.35%) also saw particularly heavy losses.\nBinance Coin (-4.80%), Litecoin (-3.46%), Monero’s XMR (-4.70%), and Ripple’s XRP (-3.51%) weren’t far behind.\nBitcoin Cash SV saw a relatively modest 1.93% decline to\nIn the current week, the crypto total market cap rose to a Monday low $268.43bn before falling to a Thursday low $239.96bn. At the time of writing, the total market cap stood at $245.55bn.\nBitcoin’s dominance rose to a Monday high 68.31% before falling to a Wednesday low 67.25%. At the time of writing, Bitcoin’s dominance stood at 67.45%.\nAt the time of writing, Bitcoin was down by 0.59% to $9,004.0. A bearish start to the day saw Bitcoin fall from an early morning high $9,060.2 to a low $8,975.0\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was also a bearish start to the day.\nBitcoin Cash SV and Cardano’s ADA led the way down, with losses of 1.26% and 1.04% respectively.\nBitcoin would need to move back through to $9,150 levels to bring the first major resistance level at $9,475.7 into play.\nSupport from the broader market would be needed, however, for Bitcoin to break out from the morning high $9,060.2.\nBarring an extended crypto rebound, the first major resistance level would likely limit any upside.\nIn the event of a broad-based crypto rally, resistance at $9,500 would likely leave Bitcoin short of the second major resistance level at $9,894.3.\nFailure to move back through to $9,150 levels could see Bitcoin spend a 3rdconsecutive day in the red.\nA fall back through Thursday’s low $8,815.3 would bring the first major support level at $8,726.9 into play.\nBarring another extended crypto sell-off, however, Bitcoin should steer clear of the second major support level at $8,396.7.\nThisarticlewas originally posted on FX Empire\n• Gold Price Futures (GC) Technical Analysis – Sustained Move Under $1727.50 Could Trigger Break into $1682.40\n• Gold Price Forecast – Gold Markets Break Down\n• Natural Gas Price Forecast – Natural Gas Markets Drift Lower\n• Silver Price Forecast – Silver Markets Get Hammered\n• Natural Gas Price Fundamental Daily Forecast – EIA Build Comes in as Expected\n• EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 22/05/20', 'Bitcoin slid by 4.68% on Thursday. Following on from a 2.74% fall on Wednesday, Bitcoin ended the day at $9,057.1. A bullish start to the day saw Bitcoin rise to an early morning intraday high $9,564.1 before hitting reverse. Falling short of the first major resistance level at $9,796.13, Bitcoin slid to a late intraday low $8,815.3. Bitcoin slid through the first major support level at $9,254.43 and second major support level at $9,006.87 before finding support. Late in the day, Bitcoin broke back through the second major support level to $9,150 levels before easing back. In spite of the late pullback saw Bitcoin steered clear of the second major support level. 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 the 62% FIB of $10,034 to form a near-term bullish trend. The Rest of the Pack Across the rest of the majors, it was a bearish day on Thursday. Cardano’s ADA slid by 8.18% to lead the way down. Bitcoin Cash ABC (-5.01%), EOS (-5.18%), Ethereum (-5.40%), Stellar’s Lumen (-5.98%), Tezos (-6.30%), and Tron’s TRX (-5.35%) also saw particularly heavy losses. Binance Coin (-4.80%), Litecoin (-3.46%), Monero’s XMR (-4.70%), and Ripple’s XRP (-3.51%) weren’t far behind. Bitcoin Cash SV saw a relatively modest 1.93% decline to In the current week, the crypto total market cap rose to a Monday low $268.43bn before falling to a Thursday low $239.96bn. At the time of writing, the total market cap stood at $245.55bn. Bitcoin’s dominance rose to a Monday high 68.31% before falling to a Wednesday low 67.25%. At the time of writing, Bitcoin’s dominance stood at 67.45%. This Morning At the time of writing, Bitcoin was down by 0.59% to $9,004.0. A bearish start to the day saw Bitcoin fall from an early morning high $9,060.2 to a low $8,975.0 Bitcoin left the major support and resistance levels untested early on. Story continues Elsewhere, it was also a bearish start to the day. Bitcoin Cash SV and Cardano’s ADA led the way down, with losses of 1.26% and 1.04% respectively. For the Bitcoin Day Ahead Bitcoin would need to move back through to $9,150 levels to bring the first major resistance level at $9,475.7 into play. Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $9,060.2. Barring an extended crypto rebound, the first major resistance level would likely limit any upside. In the event of a broad-based crypto rally, resistance at $9,500 would likely leave Bitcoin short of the second major resistance level at $9,894.3. Failure to move back through to $9,150 levels could see Bitcoin spend a 3 rd consecutive day in the red. A fall back through Thursday’s low $8,815.3 would bring the first major support level at $8,726.9 into play. Barring another extended crypto sell-off, however, Bitcoin should steer clear of the second major support level at $8,396.7. This article was originally posted on FX Empire More From FXEMPIRE: Gold Price Futures (GC) Technical Analysis – Sustained Move Under $1727.50 Could Trigger Break into $1682.40 Gold Price Forecast – Gold Markets Break Down Natural Gas Price Forecast – Natural Gas Markets Drift Lower Silver Price Forecast – Silver Markets Get Hammered Natural Gas Price Fundamental Daily Forecast – EIA Build Comes in as Expected EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 22/05/20', 'World Bank predicts poverty for 60 million people due to pandemic. Because of the coronavirus outbreak shutting down economic activity, more than 60 million people could be forced to live on less than $2 a day. This will inevitably make people look for additional sources of income enabling everyone to make money remotely, far from office. Also Read | SEO Expert Lance Bachmann\x92s Lion\x92s Den Facebook Series Connects Communities Online Amid COVID-19 Crisis In this regard, a lot of economists advise taking a closer look at blockchain startups from the decentralized finance industry (DeFi). These companies offer their customers to earn on cryptocurrency deposits. The interest rates for such deposits are usually larger in comparison with conventional banks. The best example of such a company is PointPay, which was elected the best blockchain startup of 2019 at Blockchain Life conference, the largest in Eastern Europe. PointPay has created the first in the world blockchain-based bank enabling their clients to open crypto checking and savings accounts, and earn daily compound interest on Bitcoin (6.1% APR), Ethereum (6.1% APR), Tether USD (8% APR), tokenized gold (5% APR) and their own PointPay token PXP (15% APR) which is sold on PointPay Token Sale Platform . Also Read | Tamil Nadu: Migrant Workers Gather in Coimbatore to Collect Passes for Shramik Special Trains Scheduled to Leave for UP & Bihar Today; Watch Video Another convenient feature of PointPay blockchain-based bank is that its clients can purchase the cryptocurrencies, which were mentioned above, with PointPay Payment System. It allows users instantly buy Bitcoin, Ethereum, Tether USD with the use of credit or debit cards for fiat money (USD, EUR, GBP, RUB, UAH, and many others). Moreover, with the use of PointPay blockchain-based bank you can easily send crypto funds to your friends or relatives. They will receive them within a few minutes already. PointPay Payment System allows selling crypto funds and receiving conventional fiat money to a credit or debit card: USD, EUR, GBP, RUB, UAH, and many others. Experts believe that the crypto market will reach $4 trillion by 2025. None of this should be surprising if cryptocurrencies will help the manhood to overcome the COVID-19 crisis and support livelihood activity of households.', 'World Bank predicts poverty for 60 million people due to pandemic. Because of the coronavirus outbreak shutting down economic activity, more than 60 million people could be forced to live on less than $2 a day. This will inevitably make people look for additional sources of income enabling everyone to make money remotely, far from office.\nAlso Read |SEO Expert Lance Bachmann’s Lion’s Den Facebook Series Connects Communities Online Amid COVID-19 Crisis\nIn this regard, a lot of economists advise taking a closer look at blockchain startups from the decentralized finance industry (DeFi). These companies offer their customers to earn on cryptocurrency deposits. The interest rates for such deposits are usually larger in comparison with conventional banks. The best example of su **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-05-22 **Financial & Commodity Data:** - Gold Closing Price: $1734.60 - Crude Oil Closing Price: $33.25 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $174,437,995,619 - Hash Rate: 98579623.7035512 - Transaction Count: 298483.0 - Unique Addresses: 624412.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.42 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Few days only after Italian bank, Banco Sella, opens doors to Bitcoin, allowing customers to buy and sell Bitcoin,Brookfield-EuroSwisslaunches a hedging program for Bitcoin investors and holders. With Swiss credibility of over 50 years, while uncertainty took over stock markets and currencies EX all over the world due to the COVID19, Bitcoin is no more a stranger, and it's here to stay. ZURICH, SWITZERLAND / ACCESSWIRE / March 24, 2020/ According toBrookfield EuroSwiss, Bitcoin Holders, who want to minimize risks of Bitcoin rate crash while having the potential to profit when Bitcoin rate increases, now have the perfect program offered by the Swiss giant. As the first 2 Billion allocated by the private group Brookfield EuroSwiss are strictly operated under the swiss standards and record, it is not open for everyone but not restricted to just EU citizens. The requirements for interested bitcoin investors are; to be over the age of 21, have no criminal record, have a valid passport, and be available to join the program for at least six months. The COVID19 pandemic has had a massive influence on the digital financial platforms, and many of the wallets, exchanges, and debt-based accounts demonstrate significant growth of their activity, volume, and amount of transactions. However, after the growth we saw, like in many currencies, the response of Bitcoin to COVID19 was a steep crash and caused losses in the value of hundreds of millions daily. The Brookfield BTC hedging program was launched to protect the BTC holders and investors and provide the securities to the BTC players to cross with confidence the times between crashes and corrections. More than that, BTC holders and investors enjoy both worlds, hedge the losses, but not give up the profit. With the Bitcoin becoming eligible for the European Bank to trade and for Brookfield - EuroSwiss to offer a Bitcoin-based hedging instrument, it is only a matter of time before BTC becomes the common currency in use by everyone. With this development, demand and stability will come. The Brookfield Hedging program hedge not only the losses but also the profits. It allows the investors to choose the rate of exposure, and with direct correlation, your profit limitation will be determined. For instance, if you want to hedge your BTC EX rate to a maximum loss of -10%, your profit limitation will be a maximum of 28%. Brookfield has created a brilliant structure that allows BTC investors to send their bitcoin with full corporate confidence.Brookfield EuroSwississues a full unconditional corporate guarantee in value that equals the maximum profit limits. In essence, this way, Bitcoin investors have complete security and assurance that Brookfield will meet all of its obligations by the hedging program. The hedging program is excellent news, not only for the BTC holders and investors but to the general Bitcoin market. As a market leader like Brookfield EuroSwiss launches such an instrument, with over 50 years of Swiss credibility in the volume of 2 Billion EUR at first, it is evident that Bitcoin is here to stay. Contact: Alisa LunguCompany: Brookfield EuroswissAddress: Zurich Froschaugasse 58001 Zürich, SwitzerlandContact Number: + 2173603988Email:[email protected]:https://www.brookfield-euroswiss.com/ SOURCE:Brookfield Euroswiss View source version on accesswire.com:https://www.accesswire.com/582277/Huge-step-forward-for-the-Bitcoin-Sector-as-major-Italian-Bank-start-to-trade-bitcoin-and-Brookfield-EuroSwiss-offers-Bitcoin-Hedging-Program-for-Bitcoin-investors-in-the-value-of-2-Billion-EUR... - Reddit Posts (Sample): [['u/Chytrik', 'There is new a HODLING world champ', 54, '2020-05-22 00:05', 'https://www.reddit.com/r/Bitcoin/comments/go6ds6/there_is_new_a_hodling_world_champ/', "Yesterday there was a transaction that received a lot of attention, as it spent the coinbase reward from a *very* early block. Here is the txID for it: f38d6f043c070ce9805ee81f46db4d32d0c9f148d62bbfbc0378bc5847c7dc70 \n\n\nSomething interesting about this transaction that I haven't seen mentioned much online, is that whoever spent those coins is now officially the HODL world champion! What is meant by this, is that of all now-spent UTXOs, the coinbase reward they spent in that block now holds the record for being the longest-held. \n\n\nThis is a pretty cool title to hold, the individual who owned that UTXO had been sitting on it since the absolute earliest days of the Bitcoin network. When that block was mined, BTC had no value, beyond fascinating a handful of crypto and computer nerds around the world. When spent, the output was worth almost $500,000 USD. Thats quite the HODL! \n\n\nIn total, this UTXO was held for 627,404 blocks, which is about 11 years, 3 months, and 11 days. \n\n\nFor more info, and a list of all the runner ups, see this post on stack exchange: [https://bitcoin.stackexchange.com/questions/88517/what-was-the-longest-held-utxo-ever-spent/96055#96055](https://bitcoin.stackexchange.com/questions/88517/what-was-the-longest-held-utxo-ever-spent/96055#96055)", 'https://www.reddit.com/r/Bitcoin/comments/go6ds6/there_is_new_a_hodling_world_champ/', 'go6ds6', [['u/na3than', 37, '2020-05-22 00:39', 'https://www.reddit.com/r/Bitcoin/comments/go6ds6/there_is_new_a_hodling_world_champ/fre2m4b/', '50 BTC\n\nCreated 2/9/2009.\nBlock 3654: Difficulty=1.00\n\nSpent 5/20/2020.\nBlock 631058: Difficulty=15,138,043,247,082.88\n\nThe network is arguably *15 trillion times* more secure today than it was when these coins were awarded.', 'go6ds6'], ['u/aphelio', 14, '2020-05-22 02:35', 'https://www.reddit.com/r/Bitcoin/comments/go6ds6/there_is_new_a_hodling_world_champ/fref20c/', 'The recipient of the wallet would never be able to trust that the key is safe.', 'go6ds6']]], ['u/Wilksey_', 'Insufficient Funds when I have more than enough funds?', 17, '2020-05-22 01:35', 'https://www.reddit.com/r/btc/comments/go7zm9/insufficient_funds_when_i_have_more_than_enough/', "I'm using the bitcoin.com Wallet app on my phone to send bitcoin and I enter my amount I want to send and the address I want to send it to and it says insufficient funds when I have $5 more than what I'm sending, Does anyone know how I can get rid of this?", 'https://www.reddit.com/r/btc/comments/go7zm9/insufficient_funds_when_i_have_more_than_enough/', 'go7zm9', [['u/HenryCashlitt', 10, '2020-05-22 01:46', 'https://www.reddit.com/r/btc/comments/go7zm9/insufficient_funds_when_i_have_more_than_enough/fre9ydl/', '> Does anyone know how I can get rid of this?\n\nIf you are trying to send a high-fee coin like BTC, you might not have enough to cover the high fees.\n\nYou can get rid of this problem by using Bitcoin Cash (BCH).\n\nBitcoin Cash is upgraded money for the world with low fees, reliable transactions, and better user experience.\n\nu/chaintip', 'go7zm9']]], ['u/jonald_fyookball', 'debunking the propaganda against Bitcoin Cash', 148, '2020-05-22 02:13', 'https://www.reddit.com/r/btc/comments/go8nbo/debunking_the_propaganda_against_bitcoin_cash/', '\nON FULL NODES\n\nhttps://medium.com/@jonaldfyookball/every-bitcoin-user-needs-a-full-node-is-a-self-defeating-argument-5004bcbd95ef \n\n\nON DECENTRALIZATION\n\nhttps://medium.com/@jonaldfyookball/decentralization-trade-offs-and-the-extremism-of-bitcoin-core-c98d475d1216 \n\nhttps://keepingstock.net/examining-bitfurys-scaling-research-9d62cb725477 \n\n\n\nON FEES:\n\nhttps://medium.com/@jonaldfyookball/why-does-bitcoin-have-ridiculously-high-fees-and-slow-confirmations-e3fd58258a6d \n\nON SPV:\n\nhttps://medium.com/@jonaldfyookball/why-every-bitcoin-user-should-understand-spv-security-520d1d45e0b9 \n\n\nhttps://medium.com/@jonaldfyookball/spv-as-implemented-today-is-exactly-as-described-in-the-bitcoin-whitepaper-2a65265afbec \n\n\nON THE SCALING DEBATE:\n\n\nhttps://medium.com/@jonaldfyookball/how-the-bitcoin-cryptocurrency-community-lost-its-way-and-how-we-can-find-it-again-7a18a389a37 \n\nhttps://keepingstock.net/an-open-letter-to-bitcoin-miners-c260467e1f0 \n\nhttps://medium.com/@jonaldfyookball/why-bitcoin-cash-will-dominate-ce9a67fc70e9 \n\n\nON "THE REAL" BITCOIN\n\nhttps://medium.com/@jonaldfyookball/who-gets-to-decide-the-rules-in-bitcoin-c6d8ade53e52 \n\nhttps://medium.com/@jonaldfyookball/12-reasons-bitcoin-cash-is-the-real-bitcoin-8d5547988374 \n\nhttps://medium.com/@jonaldfyookball/jimmy-song-tries-to-claim-bitcoin-cash-is-fiat-money-seriously-e53a3706d41c \n\nON P2P CASH\n\n\nhttps://medium.com/@jonaldfyookball/charlie-lee-is-wrong-lightning-is-not-more-p2p-than-bitcoin-8c35abe69d93\n\nhttps://medium.com/@jonaldfyookball/the-bitcoin-social-contract-21-million-coins-and-the-future-of-peer-to-peer-cash-5d310a54fbb4 \n\n\nON THE LIGHTNING NETWORK:\n\n\nhttps://medium.com/@jonaldfyookball/mathematical-proof-that-the-lightning-network-cannot-be-a-decentralized-bitcoin-scaling-solution-1b8147650800 \n\nhttps://medium.com/@jonaldfyookball/continued-discussion-on-why-lightning-network-cannot-scale-883c17b2ef5b \n\nhttps://news.bitcoin.com/lightning-network-centralization-leads-economic-censorship/ \n\nhttps://www.yours.org/content/clarifying-my-objections-to-the-lightning-network-2f9d3aa154e5 \n\nhttps://medium.com/@jonaldfyookball/lightning-network-vs-bitcoin-cash-for-the-non-technical-person-7ea2b9a657f5 \n\nhttps://read.cash/@jonald_fyookball/the-final-word-on-the-lightning-network-de7e259c\n\nON THE DECLINE OF BTC\n\nhttps://medium.com/@jonaldfyookball/is-this-the-beginning-of-the-end-of-btc-2687bb83181 \n\n\nhttps://medium.com/@jonaldfyookball/by-far-the-biggest-crypto-scam-ever-and-its-still-happening-a23ed102d039', 'https://www.reddit.com/r/btc/comments/go8nbo/debunking_the_propaganda_against_bitcoin_cash/', 'go8nbo', [['u/CryptoStrategies', 34, '2020-05-22 04:52', 'https://www.reddit.com/r/btc/comments/go8nbo/debunking_the_propaganda_against_bitcoin_cash/fresol9/', 'Thank you for your contributions Jonald.', 'go8nbo'], ['u/Rawlsdeep', 11, '2020-05-22 05:08', 'https://www.reddit.com/r/btc/comments/go8nbo/debunking_the_propaganda_against_bitcoin_cash/freu9c2/', 'This is fantastic!', 'go8nbo'], ['u/ojjordan78', 11, '2020-05-22 05:11', 'https://www.reddit.com/r/btc/comments/go8nbo/debunking_the_propaganda_against_bitcoin_cash/freujth/', 'Great post!, thanks man! 👍', 'go8nbo'], ['u/cheaplightning', 11, '2020-05-22 05:37', 'https://www.reddit.com/r/btc/comments/go8nbo/debunking_the_propaganda_against_bitcoin_cash/frex1nz/', 'Wow...', 'go8nbo'], ['u/scotty321', 38, '2020-05-22 06:20', 'https://www.reddit.com/r/btc/comments/go8nbo/debunking_the_propaganda_against_bitcoin_cash/frf0u5s/', 'Holy crap, this is amazing! Mods, can we sticky this to this subreddit?!?\n\nu/memorydealers', 'go8nbo'], ['u/ShadowOfHarbringer', 14, '2020-05-22 07:58', 'https://www.reddit.com/r/btc/comments/go8nbo/debunking_the_propaganda_against_bitcoin_cash/frf8gfx/', 'WOW, what a collection!\n\nFantabulous!', 'go8nbo'], ['u/kamchii', 10, '2020-05-22 09:13', 'https://www.reddit.com/r/btc/comments/go8nbo/debunking_the_propaganda_against_bitcoin_cash/frfdjmx/', 'In the long run only one is likely to exist. There is no reason to own currency A if currency B does everything the same but better.', 'go8nbo'], ['u/CryptoStrategies', 10, '2020-05-22 11:57', 'https://www.reddit.com/r/btc/comments/go8nbo/debunking_the_propaganda_against_bitcoin_cash/frfngc7/', 'I did it on r/bitcoincash.', 'go8nbo']]], ['u/twilborn', "I'm tired of hearing how terrible BTC is around here.", 26, '2020-05-22 03:36', 'https://www.reddit.com/r/btc/comments/goa0i1/im_tired_of_hearing_how_terrible_btc_is_around/', "Looking at you, Egon and those who keep posting junk like that. Those who upvote that kind of stuff are just as well to blame.\n\n\nI get how entertaining it can be to take a dump on BTC, and my fingers sometimes slip to click that upvote button, but then I'll catch myself and remove it.\n\n\nIt's far time to move on from how terrible x-girlfriend BTC was and keep the discussion here on BCH.", 'https://www.reddit.com/r/btc/comments/goa0i1/im_tired_of_hearing_how_terrible_btc_is_around/', 'goa0i1', [['u/steve_m0', 23, '2020-05-22 04:03', 'https://www.reddit.com/r/btc/comments/goa0i1/im_tired_of_hearing_how_terrible_btc_is_around/frenz2d/', 'I hear you twill. I think most do. \n\nI believe the purpose of this r/btc is to explain the evil shady behind the scenes of what is really going on at bitcoinCore.\n\nWhy there was a split\n\nAnd the advantages of BCH vs BTC.\n\nI agree tho, lets just stick to the facts \n\nNot like discussions as these can happen on r/bitcoin', 'goa0i1'], ['u/ojjordan78', 11, '2020-05-22 04:20', 'https://www.reddit.com/r/btc/comments/goa0i1/im_tired_of_hearing_how_terrible_btc_is_around/frepl6u/', "I think you have 3 options:\n1/ You can post yourself the content that you like here on r/btc. (BTC, BCH, BSV, ETH...). According to the faq this sub is dedicated to discuss freely all topics related to bitcoin in general including its forks. \n2/ You can post about bitcoin cash only on r/bitcoincash which is more cleaner and bch focused sub.\n3/ You can criticize the way people post here about btc or other topics if you like.\n\nI'm sure any approach you take you won't get banned or censord in both subs (of course unless you violated the rules of both subs or reddit).\n\nI think asking people to not post things that you don't like on public forums don't make sense, don't u think? Yes it could be annoying but it's up to you how to handle it. After all freedom of speech has its pros and cons: everyone has the right to speak and everyone has the right to not ... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Bitcoin rose by 1.14% on Friday. Partially reversing a 4.68% slide from Thursday, Bitcoin ended the day at $9,162.4.\nA bearish start to the day saw Bitcoin fall to an early morning intraday low $8,935.4 before finding support.\nSteering clear of the first major support level at $8,726.9, Bitcoin bounced back to a late afternoon intraday high $9,269.0.\nFalling short of the first major resistance level at $9,475.7, Bitcoin eased back to sub-$9,200 levels 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 the 62% FIB of $10,034 to form a near-term bullish trend.\nAcross the rest of the majors, it was a bullish day on Friday.\nCardano’s ADA rallied by 8.20% to lead the way.\nEOS (+5.24%), Ethereum (+4.39%), Tezos (+6.07%), and Tron’s TRX (+4.67%) also found strong support.\nBinance Coin (+3.17%), Bitcoin Cash ABC (+3.26%), Litecoin (+3.66%), Monero’s XMR (+2.37%), Ripple’s XRP (+3.30%), and Stellar’s Lumen (+2.31%) trailed the front runners.\nBitcoin Cash SV saw a modest gain of 1.48% on the day.\nIn the current week, the crypto total market cap rose to a Monday high $268.43bn before falling to a Thursday low $239.96bn. At the time of writing, the total market cap stood at $253.79bn.\nBitcoin’s dominance rose to a Monday high 68.31% before falling to a Friday low 66.90%. At the time of writing, Bitcoin’s dominance stood at 67.03%.\nAt the time of writing, Bitcoin was up by 0.89% to $9,243.5. A bullish start to the day saw Bitcoin rise from an early morning low $9,162.3 to a high $9,266.7.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nBinance Coin (+1.05%), Bitcoin Cash ABC (+0.87), and Ethereum (+0.84%) led the way early on.\nBitcoin Cash SV (-0.31%) and Tezos (-0.15%) bucked the trend at the start of the day.\nBitcoin would need to avoid sub-$9,200 levels to bring the first major resistance level at $9,309.13 into play.\nSupport from the broader market would be needed, however, for Bitcoin to break out from Friday’s high $9,269.0.\nBarring an extended crypto rebound, the first major resistance level would likely limit any upside.\nIn the event of an extended crypto rally, the second major resistance level at $9,455.87 would likely come into play. Resistance at $9,500 may limit any upside, however.\nFailure to avoid sub-$9,200 levels could see Bitcoin hit reverse.\nA fall back through to sub-$9,120 levels would bring the first major support level at $8,975.53 into play.\nBarring another extended crypto sell-off, however, Bitcoin should steer clear of the second major support level at $8,788.67.\nThisarticlewas originally posted on FX Empire\n• S&P 500 Preview – Earnings Resume on Tuesday May 25, After the Memorial Day Holiday\n• Gold Price Futures (GC) Technical Analysis – Straddling Key 50% Level at $1727.50\n• EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 23/05/20\n• Silver Price Forecast – Silver Markets Gain Back Some Losses\n• Crude Oil Price Update – Major Retracement Zone at $36.07 – $40.50 Providing Resistance\n• Crude Oil Price Forecast – Crude Oil Markets Continue to Show Signs of Resistance', 'Bitcoin rose by 1.14% on Friday. Partially reversing a 4.68% slide from Thursday, Bitcoin ended the day at $9,162.4. A bearish start to the day saw Bitcoin fall to an early morning intraday low $8,935.4 before finding support. Steering clear of the first major support level at $8,726.9, Bitcoin bounced back to a late afternoon intraday high $9,269.0. Falling short of the first major resistance level at $9,475.7, Bitcoin eased back to sub-$9,200 levels 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 the 62% FIB of $10,034 to form a near-term bullish trend. The Rest of the Pack Across the rest of the majors, it was a bullish day on Friday. Cardano’s ADA rallied by 8.20% to lead the way. EOS (+5.24%), Ethereum (+4.39%), Tezos (+6.07%), and Tron’s TRX (+4.67%) also found strong support. Binance Coin (+3.17%), Bitcoin Cash ABC (+3.26%), Litecoin (+3.66%), Monero’s XMR (+2.37%), Ripple’s XRP (+3.30%), and Stellar’s Lumen (+2.31%) trailed the front runners. Bitcoin Cash SV saw a modest gain of 1.48% on the day. In the current week, the crypto total market cap rose to a Monday high $268.43bn before falling to a Thursday low $239.96bn. At the time of writing, the total market cap stood at $253.79bn. Bitcoin’s dominance rose to a Monday high 68.31% before falling to a Friday low 66.90%. At the time of writing, Bitcoin’s dominance stood at 67.03%. This Morning At the time of writing, Bitcoin was up by 0.89% to $9,243.5. A bullish start to the day saw Bitcoin rise from an early morning low $9,162.3 to a high $9,266.7. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Binance Coin (+1.05%), Bitcoin Cash ABC (+0.87), and Ethereum (+0.84%) led the way early on. Bitcoin Cash SV (-0.31%) and Tezos (-0.15%) bucked the trend at the start of the day. Story continues For the Bitcoin Day Ahead Bitcoin would need to avoid sub-$9,200 levels to bring the first major resistance level at $9,309.13 into play. Support from the broader market would be needed, however, for Bitcoin to break out from Friday’s high $9,269.0. Barring an extended crypto rebound, the first major resistance level would likely limit any upside. In the event of an extended crypto rally, the second major resistance level at $9,455.87 would likely come into play. Resistance at $9,500 may limit any upside, however. Failure to avoid sub-$9,200 levels could see Bitcoin hit reverse. A fall back through to sub-$9,120 levels would bring the first major support level at $8,975.53 into play. Barring another extended crypto sell-off, however, Bitcoin should steer clear of the second major support level at $8,788.67. This article was originally posted on FX Empire More From FXEMPIRE: S&P 500 Preview – Earnings Resume on Tuesday May 25, After the Memorial Day Holiday Gold Price Futures (GC) Technical Analysis – Straddling Key 50% Level at $1727.50 EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 23/05/20 Silver Price Forecast – Silver Markets Gain Back Some Losses Crude Oil Price Update – Major Retracement Zone at $36.07 – $40.50 Providing Resistance Crude Oil Price Forecast – Crude Oil Markets Continue to Show Signs of Resistance', 'Igor Mikhalev is an expert principal at BCG helping clients develop business models with blockchain technologies and digital currencies. Kaj Burchardi is a managing director with BCG and leads the blockchain practice of BCG/Platinion globally. Digital currencies hold a long-term promise to change the way nations, corporations and people transact value. Some of them – combining both cryptocurrency benefits (disintermediation, high speed and low cost of transactions) as well as qualities of traditional currencies (e.g. price stability and being able to act as legal tender) – challenge traditional financial systems at the core. While first-generation digital currencies deployed by consortia of industry players may only deliver incremental changes such as the reduction in money movement prices and lowering the cost of capital for unbanked, adoption across nations through CDBC 2.0 holds the potential to unlock significant value available for first movers to capture. In our recent work , we have analyzed key notable projects and developments around digital currencies, distilling them into key Digital Currency archetypes (see exhibit 1). Related: To See Libra’s Potential, Look at the Philippines, Not the US Throughout our analysis, we have developed and applied the Total Social Impact framework (see exhibit 2) to understand the societal value chain impact of the introduction of digital currencies as well as potential effects of adoption by nations, central banks, corporations and individual users. Specific underlying drivers have been defined and evaluated for each TSI dimension. CDBC 2.0 is the second step in the evolution of CBDCs: a new, most impactful (see exhibit 4) form of money issued digitally by one or many central banks using blockchain technology, interoperable and programmable by design. Currently, the responsibility for the monetary system lies under the jurisdiction of nation-states and international agreements. For a digital currency to be adopted in any state, it must first comply with the regulations of the state. Central banks, while curious about CBDCs, are wary of digital currencies that introduce decentralization of ownership or governance, and that makes traditional centralized governance a challenging task. Story continues See also: Ajit Tripathi – 4 Reasons Central Banks Should Launch Retail Digital Currencies Related: Spiritual Reflections on the Bitcoin Halving But CBDCs will fail if they don’t implement and benefit from arguably the most revolutionary aspect brought by bitcoin and blockchain technologies: decentralization. Initial CDBC projects create incrementally better alternatives to the current financial system by enabling peer-to-peer transactions, but they are still keeping the governance centralized and circulation controlled. The major incentives for consumers to adopt a central bank-issued cryptocurrency will be based on decentralized governance and open circulation system. Public trust in government and banking institutions has dropped since the financial crisis of 2008. Therefore, there is room for a digital currency that has no central authority in its usual central bank sense which determines e.g. the borrowing rate or supply of money in circulation. Central banks wield a high level of power over national currencies. Average consumers have no influence over or kn **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-05-23 **Financial & Commodity Data:** - Gold Closing Price: $1734.60 - Crude Oil Closing Price: $33.25 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $168,322,702,275 - Hash Rate: 89549429.1658213 - Transaction Count: 269230.0 - Unique Addresses: 558174.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.40 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: 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... - 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.
8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80
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:** ['(Bloomberg Opinion) -- The coronavirus has disrupted the world in very large ways. While that battle has been waged, however, another event has almost been missed: the birth of a new kind of fiat currency, which could forever reshape the relationship between money, economic power and geopolitical clout. An official Chinese digital yuan, more than five years in the making, is now in pilot runs to slowly start replacing the physical legal tender. If the experiment succeeds, this new cash, valued the same as the familiar banknotes bearing Mao Zedong\x92s image, will become the world\x92s first sovereign token to reside exclusively in the ether. The trials are taking place just as the blame game around the coronavirus deepens mistrust between the U.S. and China. With President Donald Trump warning that Washington would respond if Beijing intervenes against protests and democratic movements in Hong Kong, chances of a detente from last year\x92s trade war are fading. Outside the People\x92s Republic, the big question is if the digital yuan is a challenger to the dollar. Within China, though, there\x92s a more mundane explanation for why Beijing wants to turn banknotes in circulation into virtual tokens. Chinese consumers have bypassed both computers and credit cards to embrace mobile payment apps, which have gone on to spawn large money-market funds investing in high-yielding wealth-management products. This has led to the accumulation of risks in opaque shadow banking. Bringing them out in the open requires a leg up for traditional lenders in payments, an area where financial technology has left them far behind. The digital yuan, which will be pushed out to consumers via banks, seeks to restore this missing balance; it will allow authorities to \x93regulate an overstretched debt market more effectively,\x94 says DBS Group Holdings Ltd. economist Nathan Chow. Still, there\x92s also a power play. It isn\x92t a coincidence that China\x92s project picked up speed last year as Facebook Inc. announced Libra. The proposed stablecoin promised to hold its value against a basket of major official currencies rather than gyrating wildly like Bitcoin. When it looked like regulators in the U.S. and elsewhere would nix this synthetic global cryptocurrency, the Libra Association curbed the scope of its undertaking. But the idea of \x93a regulated global network for cost-effective retail payments,\x94 as described by Singapore state investor Temasek Holdings Pte, a new member of Libra\x92s Geneva-based governing body, remains alive. For Beijing to shake the dollar\x92s hegemony, it has to pre-empt Silicon Valley from taking the pole position. Story continues Hence the hurry for China\x92s test runs. According to media reports, half the May transport subsidy for Suzhou municipal employees will be in the form of digital currency electronic payment, or DCEP, as it\x92s being called in the absence of a catchier moniker. The pilot plan in Xiong\x92an, a satellite city of Beijing, includes coffee shops, fast food, retailers, theaters and bookstores, Goldman Sachs Group Inc. has noted. The other trials are reserved for Chengdu and Shenzhen. Thanks to Alipay and WeChat Pay, 80% of Chinese smartphone users whip out their mobiles to make payments, more than anywhere in the world. To them, the DCEP wallets being provided by the big four state banks should seem much the same. But there are differences. In this new system, a low-value transaction can go through even if both parties are offline. Also, this is sovereign liability, safe if an intermediary goes bankrupt. The big four lenders \x97 and later fintech firms \x97 will distribute the tokens, but the funds won\x92t reside in bank accounts. This will be unlike existing payment apps that only move one institution\x92s IOUs to another. Beijing was going to launch the digital money even before the pandemic. However, adoption could be faster now because of people\x92s fear of catching an infection from handling cash. Also, it\x92s possible to trace in real time whether an anti-virus subsidy, given out in tokenized form, is reaching the target. Once it has, the tracking would be \x93turned off\x94 to ensure corporate and household spending stays anonymous, Goldman says. Strictly speaking, though, the anonymity of cash will no longer exist. Authorities can look under the hood of pseudonymous transactions for unwanted activity, an outcome far removed from the vision that drove libertarians (and money launderers) to cryptocurrencies in the first place. With the outbreak giving legitimacy to intrusive physical contact tracing, the case for financial tracing gets even stronger. Exchange of digital yuan between customers and merchants will pop up on a centralized ledger, and go through far more swiftly than in Bitcoin-style setups that rely on widely distributed ledgers of asset ownership. Every nation projects power when others desire its money \x97 something that costs the home country nothing to produce. But as with any digital network, the sovereign tokens that take off first could end up winning disproportionately. The digital yuan could find customers overseas, especially in places where China is making belt-and-road investments. For one thing, they wouldn\x92t have to pay banks fat fees for running the $124 trillion-a-year business-to-business international transfers market. By distributing digital currency through banks, China has given its big institutions a chance to match the payment technology of fintech rivals. But it\x92s possible that a central bank in another country would bypass intermediaries altogether, potentially making the state the monopoly supplier of money to retail customers. That, as I wrote in December, could upend banking. The digital yuan may have started modestly, but it might pave the way for changes that are both ambitious and long outlast the coronavirus. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners. Andy Mukherjee is a Bloomberg Opinion columnist covering industrial companies and financial services. He previously was a columnist for Reuters Breakingviews. He has also worked for the Straits Times, ET NOW and Bloomberg News. 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.', '(Bloomberg Opinion) -- The coronavirus has disrupted the world in very large ways. While that battle has been waged, however, another event has almost been missed: the birth of a new kind of fiat currency, which could forever reshape the relationship between money, economic power and geopolitical clout.\nAn official Chinese digital yuan, more than five years in the making, is now in pilot runs to slowly start replacing the physical legal tender. If the experiment succeeds, this new cash, valued the same as the familiar banknotes bearing Mao Zedong’s image, will become the world’s first sovereign token to reside exclusively in the ether.\nThe trials are taking place just as the blame game around the coronavirus deepens mistrust between the U.S. and China. With President Donald Trump warning that Washington would respond if Beijing intervenes against protests and democratic movements in Hong Kong, chances of a detente from last year’s trade war are fading.\nOutside the People’s Republic, the big question is if the digital yuan is a challenger to the dollar. Within China, though, there’s a more mundane explanation for why Beijing wants to turn banknotes in circulation into virtual tokens.\nChinese consumers have bypassed both computers and credit cards to embrace mobile payment apps, which have gone on to spawn large money-market funds investing in high-yielding wealth-management products. This has led to the accumulation of risks in opaque shadow banking. Bringing them out in the open requires a leg up for traditional lenders in payments, an area where financial technology has left them far behind. The digital yuan, which will be pushed out to consumers via banks, seeks to restore this missing balance; it will allow authorities to “regulate an overstretched debt market more effectively,” says DBS Group Holdings Ltd. economist Nathan Chow.\nStill, there’s also a power play. It isn’t a coincidence that China’s project picked up speed last year as Facebook Inc. announced Libra. The proposed stablecoin promised to hold its value against a basket of major official currencies rather than gyrating wildly like Bitcoin. When it looked like regulators in the U.S. and elsewhere would nix this synthetic global cryptocurrency, the Libra Association curbed the scope of its undertaking. But the idea of “a regulated global network for cost-effective retail payments,” as described by Singapore state investor Temasek Holdings Pte, a new member of Libra’s Geneva-based governing body, remains alive. For Beijing to shake the dollar’s hegemony, it has to pre-empt Silicon Valley from taking the pole position.\nHence the hurry for China’s test runs. According to media reports, half the May transport subsidy for Suzhou municipal employees will be in the form of digital currency electronic payment, or DCEP, as it’s being called in the absence of a catchier moniker. The pilot plan in Xiong’an, a satellite city of Beijing, includes coffee shops, fast food, retailers, theaters and bookstores, Goldman Sachs Group Inc. has noted. The other trials are reserved for Chengdu and Shenzhen.\nThanks to Alipay and WeChat Pay, 80% of Chinese smartphone users whip out their mobiles to make payments, more than anywhere in the world. To them, the DCEP wallets being provided by the big four state banks should seem much the same. But there are differences. In this new system, a low-value transaction can go through even if both parties are offline. Also, this is sovereign liability, safe if an intermediary goes bankrupt. The big four lenders — and later fintech firms **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-05-24 **Financial & Commodity Data:** - Gold Closing Price: $1734.60 - Crude Oil Closing Price: $33.25 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $168,322,702,275 - Hash Rate: 87291880.5313888 - Transaction Count: 214530.0 - Unique Addresses: 458476.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.43 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: 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 different technologies proposed over the years and each one is technically and conceptually unique. First, there are Merklized Abstract Syntax Trees (MASTs), a smart contract technology developers have been talking about since 2013 . Then we add Schnorr signatures, a scaling change first proposed in 2015 by Pieter Wuille, and finally Taproot, a privacy technology built on top of both, proposed in 2018 by Greg Maxwell. Related: Bitcoin Tracks Stocks Up to $7.4K Before Sliding Back to $7.1K See also: Zoom Has Privacy Issues, Here Are Some Alternatives Privacy and scaling are two things bitcoin still lacks. But as badly as these changes are needed, massive updates like this one are hard and, as such, are few and far between in bitcoin. One thorny issue is simply deciding what would go into the upgrade. “I think the biggest struggle in the process was to come up with the exact set of features to deploy at the same time,” Blockstream researcher Tim Ruffing told CoinDesk. Related: A New Ultrasonic Hack Can Exploit Your Siri Here’s a rundown of what changes made the cut, and what didn’t. How big is this update? First, we must remember this update is helpful but it’s not a magic pill that instantly morphs bitcoin into a super-scalable and private currency, as experts debated on Twitter recently . “It’s the right thing to do these improvements but they won’t suddenly make bitcoin a private currency,” Ruffing said. There will be some clear improvements. First, more complex types of transactions will be easier to use. In the most typical transaction, one person “signs” a transaction, proving he or she owns the bitcoin and can send it. “Multi-signature” (multi-sig) transactions, on the other hand, require more than one person to sign a transaction. This update will make it easier for multi-sig users. Story continues “It’s likely that more wallets will support multi-sig because it’s cheaper and more private with BIP-taproot,” Blockstream researcher Jonas Nick told CoinDesk. Multi-signature has many important use cases. First, the multi-sig dependent lightning network could potentially speed up and scale payments for bitcoin, solving massive issues with the digital currency. If lightning proves to be the future of bitcoin, this improvement could have a large impact by making these transactions smaller in size and cheaper to process. See also: P2P Exchange Hodl Hodl Takes First Step in Bringing Private Bitcoin Trades to BlueWallet Users Further, multi-sig transactions using the new technology will look the same as normal transactions. So even though the bitcoin blockchain is public and anyone can easily look up a particular transaction, with this technology viewers will have no idea that these transactions actually represent lightning channels. “Lightning channel openings and cooperatives are indistinguishable on the blockchain from normal payments. This also means that opening a lightning channel is just as expensive as a normal payment,” Nick said. Finally, the change would pave the way for other improvements that weren’t possible before. One such possible next step is the addition of “cross-input aggregation,” another way of scaling bitcoin by as much as 25 to 30 percent . Schnorr for more efficient signatures Understanding these upgrades requires some understanding of how bitcoin works. Only with the right “private key” (like an access code) can someone “sign” a transaction, thereby sending bitcoin to someone else. This process produces a “signature” that is attached to the transaction. The beauty is that anyone in the world can verify that this signature was produced by the right key We touched on a more complicated version of this, multi-signature transactions, where more than one person is required to sign a transaction. When such a transaction is signed using ECDSA (bitcoin’s current signature algorithm), it produces a separate signature for each person. But this might be unnecessary. With the help of Schnorr signatures, it is possible to squash all of this data into a single signature using key aggregation. The biggest struggle in the process was to come up with the exact set of features to deploy at the same time. This makes the special type of bitcoin transaction smaller in size — to the tune of 30 to 75 percent, according to Bitcoin Optech, an organization that helps bitcoin businesses adopt new scaling technologies like Schnorr/Taproot. These sorts of scaling technologies are important because downloading the full bitcoin blockchain is the most secure and trust-minimizing way of using bitcoin. But that process requires more than 300 gigabytes of storage space. Schnorr signatures also allow for something called “batch validation,” making it possible to verify that multiple signatures are valid, saving time. But just as important is what this upgrade leaves out in terms of Schnorr. Developers have long proposed using “cross-input signature aggregation” to build Schnorr signatures into bitcoin transactions. Usually, each transaction requires more than one signature, one for each “input,” which is roughly equivalent to one bill out of a handful of them passed over to a cashier. But what if we could squash all these signatures for every transaction together? Schnorr signatures theoretically allow for this. But this feature will have to wait for another time, as developers are still working through some security problems with adding this to bitcoin. Though with Schnorr added as a signature option in bitcoin, this kind of functionality will be one step closer. “This could be done in a future upgrade,” Ruffing said. MASTs: better smart contracts Merkelized Abstract Syntax Trees (MASTs) aren’t in the name of the upcoming bitcoin upgrade, but it’s still a cool technology that developers have been talking about for a long time. MASTs improve smart contracts in bitcoin, making it easier for users to set more complicated conditions for a transaction. Think back to the multi-signature option we talked about earlier, where two people instead of just one need to sign a transaction. Then imagine a situation in which you want to say a bitcoin can’t be retrieved until after a certain date. A user might want to combine these conditions at once. That’s where MASTs come in. Right now, when one of these scripts is “redeemed” the full script is squashed into a transaction, taking up a lot of room and showing the whole world what conditions the user used to lock up the bitcoin. MASTs arrange these conditions in a new way that looks like a tree. Each branch of the tree holds a different condition a user could meet to spend the bitcoin. Then, only a hash of the tip of the tree is included in the bitcoin blockchain instead of all the script conditions. This is more private because only the script used will hit the blockchain. All in all, MASTs make it much easier and cheaper to lock up bitcoin with these more complicated rulesets. Taproot gives a privacy boost Taproot builds on MASTs and Schnorr to create smart contracts with better privacy. Generally, right now, transactions with complex scripts using MAST would really stand out on the blockchain. Even if MAST itself is more privacy-preserving, the format is a bit different for these transactions so it’s easy to tell if someone is using a script or not. Using the magic of signature aggregation Schnorr provides, Taproot would make these transactions look just like normal transactions. But it doesn’t work for every MAST contract, only for cooperative spends, where one branch of the Merkle tree is a multi-sig transaction, which is successfully used. If any of the other branches are used, then this privacy benefit disappears. That said, developers expect the cooperative spend use case will be the most common use . Then there’s Tapscript, which could make it easier to make further improvements to the scripts we’ve talked about in the future. “While the BIP-tapscript changes don’t immediately benefit the average bitcoin user, they are designed to make updates to the script system easier in the future,” Nick said. Right now, developers are battle testing this bundle of new technologies. So far no major problems have been found, but developers are making it the best they can before they try to add it to bitcoin with a soft fork . “Just recently we’ve suggested a few minor changes to make the Schnorr signing algorithm more resistant to implementation mistakes and physical attacks,” Nick said. As developers grow and expand bitcoin’s technology, it’s changes like these that will truly make the platform usable for developers and financial professionals alike. Related Stories Price Gap Between Sellers and Buyers Yawned During Bitcoin’s March Sell-Off, Study Finds Private Companies Could Play Role in Digital Currency Issuance, Bank of England Says... - Reddit Posts (Sample): [['u/[deleted]', 'Imagine if Nano were the first cryptocurrency', 86, '2020-05-24 00:10', 'https://www.reddit.com/r/nanocurrency/comments/gpdrc0/imagine_if_nano_were_the_first_cryptocurrency/', 'It would be so much more mainstream than Bitcoin bc anybody could use it', 'https://www.reddit.com/r/nanocurrency/comments/gpdrc0/imagine_if_nano_were_the_first_cryptocurrency/', 'gpdrc0', [['u/BiggusDickus-', 32, '2020-05-24 01:04', 'https://www.reddit.com/r/nanocurrency/comments/gpdrc0/imagine_if_nano_were_the_first_cryptocurrency/frlehv4/', 'The day is going to come when ordinary people are going to be flabbergasted that there was a time when 1 Nano could be bought for under $1. In terms of value, right now we are in pre-2013 Bitcoin territory.\n \nAnyone who sells once the rocket starts to take off is a moron. \n\nFYI, given the circulating numbers, right now Nano is the equivalent of Bitcoin when it was about $7.25.\n\nAll of this being said, this is really more a conversation for r/nanotrade', 'gpdrc0'], ['u/BiggusDickus-', 16, '2020-05-24 01:33', 'https://www.reddit.com/r/nanocurrency/comments/gpdrc0/imagine_if_nano_were_the_first_cryptocurrency/frlhj2a/', 'I very actively use Nano as intended. I have paid lots of people with it. I also tend to give it as gifts. I always replenish my bag when I use it. \n\nBy "Sell" I mean cash out for fiat or some other crypto.\n\nIt is possible to grow your stack and use it at the same time.', 'gpdrc0'], ['u/bryanwag', 41, '2020-05-24 01:36', 'https://www.reddit.com/r/nanocurrency/comments/gpdrc0/imagine_if_nano_were_the_first_cryptocurrency/frlhspe/', 'That’s a rather anachronistic view. Nano’s CAPTCHA distribution worked only because Bitcoin has already paved the way and showed the early participants of Nano that these coins generated out of the thin air can have value and be exchanged for fiat. Without Bitcoin’s Proof of Work distribution to kickstart adoption among cryptography experts and cyberpunks, no one would have cared to solve CAPTCHAs for magical Internet coins in 2009. \n\nAlthough PoW might seem like old tech now, it was really an ideal way of distribution when it all started and people weren’t so obsessed with profits. I think it’s important to recognize Bitcoin/PoW’s historical importance while criticizing their current limitations.', 'gpdrc0'], ['u/KingBoss111', 14, '2020-05-24 01:50', 'https://www.reddit.com/r/nanocurrency/comments/gpdrc0/imagine_if_nano_were_the_first_cryptocurrency/frlj6yv/', 'The total crypto market cap is in the trillions rather than 250 billion, people are Venmo-ing each other with nano, businesses are rushing to accept Nano as it allows them to not pay merchant fees to Visa, the unbanked are instantly and fee-lessly sending each other value, ushering in economic growth and stabilizing many of the unstable parts of the world, an equal number of forks exist compared to today, but all are based on the prerequisite that the token must be instant, fee-less, green, and scalable. PoW mined coins are not considered, as it doesn’t make sense, and no one is financially invested in its success. At a $9 trillion market cap and 2/3 of the money invested in the top coin (same ratio today), Nano has a $6 trillion market cap, making each Nano worth $45,000 (assuming $0.75 per $100 million market cap, which is more or less what is observed today). With each Nano divisible by 30 digits, this isn’t a problem at all. \n\nNano consistently hits 1,000 confirmations per second, easily supporting the budding crypto payment industry, however there are open and honest discussions about whether it can support 10,000 safely. Jimmy Song is still wearing a cowboy hat and making people pay $250 in fiat to attend his carnivore conferences or whatever, and all the dumb maxis still exist, but overall there is a much healthier and rational discourse, and everyone is much, much richer.', 'gpdrc0'], ['u/fr33g0', 16, '2020-05-24 03:50', 'https://www.reddit.com/r/nanocurrency/comments/gpdrc0/imagine_if_nano_were_the_first_cryptocurrency/frlv3xs/', 'can’t build fast cars without inventing the wheel first. good point.', 'gpdrc0']]], ['u/[deleted]', 'Since Tezos is inflationary at about 5%, doesn’t that cancel any benefit from the 5% returns for staking? Doesn’t that just equal net zero?', 20, '2020-05-24 00:21', 'https://www.reddit.com/r/tezos/comments/gpdxw1/since_tezos_is_inflationary_at_about_5_doesnt/', 'If my gains are being destroyed by inflation, why shouldn’t I just hold bitcoin instead? What is Tezos offering that makes it worth holding?', 'https://www.reddit.com/r/tezos/comments/gpdxw1/since_tezos_is_inflationary_at_about_5_doesnt/', 'gpdxw1', [['u/DogeCoinNut22', 12, '2020-05-24 00:31', 'https://www.reddit.com/r/tezos/comments/gpdxw1/since_tezos_is_inflationary_at_about_5_doesnt/frlb3xc/', 'Not if it goes up in value. Tac on the gains plus the staking percent and you beat inflation. Bam. \n\nHot take: Once Tezos becomes more mainstream, my prediction would be we’ll see a reduction in the staking percentage as well as the inflation.', 'gpdxw1'], ['u/leroooyyyyyyjenkins', 12, '2020-05-24 01:17', 'https://www.reddit.com/r/tezos/comments/gpdxw1/since_tezos_is_inflationary_at_about_5_doesnt/frlfx8v/', 'hell no. my tezos returns by basic dca over the past year have completely blown bitcoin out of the water.', 'gpdxw1'], ['u/mrbronstein', 10, '2020-05-24 01:31', 'https://www.reddit.com/r/tezos/comments/gpdxw1/since_tezos_is_inflationary_at_about_5_doesnt/frlhck8/', "why does one preclude the other? We are betting on Tezos because we know it is way better technology and believe it has a great potential to grow, you're basically implying that XTZ does not have any value to offer other than staking rewards.", 'gpdxw1'], ['u/mrbronstein', 15, '2020-05-24 02:01', 'https://www.reddit.com/r/tezos/comments/gpdxw1/since_tezos_is_inflationary_at_about_5_doesnt/frlkblr/', "No one else’s coins do either... oh really? so what are miners receiving for validating blocks? There are still 3M of BTC to be minted, will you receive any of those? You're getting diluted with BTC and are happy because the maket value is increasing more than the % you're getting diluted, yet you reserve this rationale for BTC only but not for XTZ, also XTZ is increasing in market value PLUS you're increasing the number of tokens because you can participate in staking... Is your logic that is flawed...", 'gpdxw1'], ['u/AtmosFear', 13, '2020-05-24 02:28', 'https://www.reddit.com/r/tezos/comments/gpdxw1/since_tezos_is_inflationary_at_about_5_doesnt/frln0hb/', "No, your logic and reasoning are completely flawed.\n\nYou're making a _huge_ assumption that just because daily mining rewards decrease for BTC that it will lead to an increase in value. By the same token, you're unequivocally stating that the value of Tezos cannot increase, so you'll lose money. Do you not see your bias?", 'gpdxw1'], ['u/kbskbs', 10, '2020-05-24 03:11', 'https://www.reddit.com/r/tezos/comments/gpdxw1/since_tezos_is_inflationary_at_about_5_doesnt/frlr8dp/', 'No. When someone on the news says inflation, he is talking about price inflation. What you described is a monetary inflation. If you are measuring your return in USD, you have to normalize for price inflation of USD to see your real rate of return.\n\nWhat you described gives null real return in your % share of total tez owenrship, or in other words your % share is staying the same in this case. But in USD terms, staking will always increase your RoI no matter the price pattern or anything, you just have more coins than you had before.\n\nDifference between price inflation and monetary base inflation is that in first you are measuring purchasing power of a set currency, so with high inflation purchasing power of 1 USD is droping faster than usual. Monetary inflation is the rate at which new currency is being produced.', 'gpdxw1']]], ['u/91jumpstreet', 'Former NBA scout says Spencer Dinwiddie tweeting too much on business / money, needs to worry about basketball. Dinwiddie responds in a long argument', 27, '2020-05-24 00:34', 'https://www.reddit.com/r/nba/comments/gpe5hd/former_nba_scout_says_spencer_dinwiddie_tweeting/', "Super long argument and thought very interesting. the ScoutWithBryan guy worked in the league for 7 years in Washington *Wizards*, Atlanta Hawks, and Toronto Raptors.. has 15k followers, some NBA players and reporters retweet him\n\n**BACKGROUND**\n\nNets G Spencer inwiddie has been posting recently about players being pressured to play, the owners using their anonymous sources in the media to pressure players to play in an isolated location and act like all the players want to come back. He believes NBA players should be compensated uniquely for this situation for taking virtually all the risk\n\n**SD:** **Isn’t that what big business is about? I’m a small business that is a cog in the machine of a bigger business lol**\n\n**SD: Yes, the team owners have run a master class in media manipulation.**\n\nScout With Bryan sees this, says Dinwiddie has been talking about money too publically [and responds](https://imgur.com/a/XY5LH3D)\n\n**I miss the days when basketball players considered themselves basketball players trying to win championships instead of a “small business that is a cog in the machine of a bigger business”**\n\n**As always, you all make it about race & “counting someone else’s $” & “everyone applaud Spence for teaching financial literacy”... Nah. I just would love to see mentality be “if we go directly to playoffs, we’re gonna be ready to compete for a championship.” Not “pay me more”**\n\n**Spencer Dinwiddie isn’t nearly as brilliant as you think he is. Carrying this year’s revenue? This year’s revenue is in the shitter. The risk to healthy young men is \\~ odds of getting struck by lightning. He got a $34M guaranteed contract, converted that into some investment /2**\n\n**vehicle in violation of the CBA, tried to gofundme $25M for fans to ... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Bitcoin slid by 5.08% on Sunday. Reversing a 0.15% gain from Saturday, Bitcoin ended the week down by 9.91% to $8,710.10.\nA bullish start to the day saw Bitcoin rise to a mid-morning intraday high $9,300.0 before hitting reverse.\nBitcoin came up against the first major resistance level at $9,295.47 before falling to a late afternoon low $8,859.2.\nThe reversal saw Bitcoin fall through the first major support level at $9,064.27 and the second major support level at $8,952.93.\nFinding late support, Bitcoin briefly recovered to a high $9,075 before a final hour sell-off.\nThe sell-off saw Bitcoin slide back through the first major support level and second major support level to an intraday low $8,688.0.\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 the 62% FIB of $10,034 to form a near-term bullish trend.\nAcross the rest of the majors, it was also a bearish end to the week on Sunday.\nCardano’s ADA slid by 6.80% to lead the way down.\nBitcoin Cash ABC (-5.47%), Litecoin (-4.08%), Monero’s XMR (-4.06%), Stellar’s Lumen (-4.74%), Tezos (-4.31%), and Tron’s TRX (-5.15% weren’t far behind.\nBinance Coin (-3.09%), Bitcoin Cash SV (-3.77%), EOS (-2.84%), Ethereum (-3.38%), and Ripple’s XRP (-3.27%) saw relatively modest losses on the day.\nSunday’s sell-off delivered mixed results for the week, however.\nCardano’s ADA and Tezos bucked the trend, with gains of 0.20% and 0.81% respectively, Monday through Sunday.\nIt was a week in the red for the rest of the majors, however.\nBitcoin Cash ABC and Stellar’s Lumen led the way down, with losses of 7.72% and 7.04% respectively.\nEOS (-4.92%), Monero’s XMR (-6.72%), Ripple’s XRP (-4.45%), and Tron’s TRX (-5.43%) weren’t far behind.\nBinance Coin (-1.90%), Bitcoin Cash SV (-2.71%), Ethereum (-3.58%) and Litecoin (-3.75%) saw relatively modest losses for the week.\nIn the week, the crypto total market cap rose to a Monday low $268.50bn before falling to a Sunday low $239.63bn. At the time of writing, the total market cap stood at $242.29bn.\nBitcoin’s dominance rose to a Monday high 68.31% before falling to a Sunday low 66.51%. At the time of writing, Bitcoin’s dominance stood at 66.64%.\nAt the time of writing, Bitcoin was up by 0.83 to $8,782.2. A mixed start to the day saw Bitcoin fall to an early morning low $8,620.0 before striking a high $8,808.7.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nTron’s TRX (+1.57%), Tezos (+1.20%), Ethereum (+1.06%), Bitcoin Cash ABC (+1.23%), and Binance Coin (+1.11%) led the way early on.\nMonero’s XMR was down by 0.15%, however, to buck the trend.\nBitcoin would need to move through to $8,900 levels to bring the first major resistance level at $9,110.73 into play.\nSupport from the broader market would be needed, however, for Bitcoin to break out from the morning high $8,808.7.\nBarring an extended crypto rebound, the first major resistance level would likely limit any upside.\nIn the event of an extended crypto rally, Bitcoin could revisit $9,300 levels before any pullback. We would expect Bitcoin to come up short of the second major resistance level at $9,511.37, however.\nFailure to move through to $8,900 levels could see Bitcoin hit reverse.\nA fall back through the morning low $8,620.0 would bring the first major support level at $8,498.73 into play.\nBarring another extended crypto sell-off, however, Bitcoin should steer clear of the second major support level at $8,287.37.\nThisarticlewas originally posted on FX Empire\n• The Week Ahead – Geopolitics, Central Banks and COVID-19 in Focus\n• EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 24/05/20\n• The Crypto Daily – Movers and Shakers -25/05/20\n• Price of Gold Fundamental Weekly Forecast – Short-Term Volatility to Continue as Investors Look for Value\n• GBP/USD Daily Forecast – Support At 1.2170 In Sight\n• Ray Dalio Suggests USA Is Entering A Period Of Decline And New World Order', 'Bitcoin slid by 5.08% on Sunday. Reversing a 0.15% gain from Saturday, Bitcoin ended the week down by 9.91% to $8,710.10. A bullish start to the day saw Bitcoin rise to a mid-morning intraday high $9,300.0 before hitting reverse. Bitcoin came up against the first major resistance level at $9,295.47 before falling to a late afternoon low $8,859.2. The reversal saw Bitcoin fall through the first major support level at $9,064.27 and the second major support level at $8,952.93. Finding late support, Bitcoin briefly recovered to a high $9,075 before a final hour sell-off. The sell-off saw Bitcoin slide back through the first major support level and second major support level to an intraday low $8,688.0. 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 the 62% FIB of $10,034 to form a near-term bullish trend. The Rest of the Pack Across the rest of the majors, it was also a bearish end to the week on Sunday. Cardano’s ADA slid by 6.80% to lead the way down. Bitcoin Cash ABC (-5.47%), Litecoin (-4.08%), Monero’s XMR (-4.06%), Stellar’s Lumen (-4.74%), Tezos (-4.31%), and Tron’s TRX (-5.15% weren’t far behind. Binance Coin (-3.09%), Bitcoin Cash SV (-3.77%), EOS (-2.84%), Ethereum (-3.38%), and Ripple’s XRP (-3.27%) saw relatively modest losses on the day. Sunday’s sell-off delivered mixed results for the week, however. Cardano’s ADA and Tezos bucked the trend, with gains of 0.20% and 0.81% respectively, Monday through Sunday. It was a week in the red for the rest of the majors, however. Bitcoin Cash ABC and Stellar’s Lumen led the way down, with losses of 7.72% and 7.04% respectively. EOS (-4.92%), Monero’s XMR (-6.72%), Ripple’s XRP (-4.45%), and Tron’s TRX (-5.43%) weren’t far behind. Binance Coin (-1.90%), Bitcoin Cash SV (-2.71%), Ethereum (-3.58%) and Litecoin (-3.75%) saw relatively modest losses for the week. Story continues In the week, the crypto total market cap rose to a Monday low $268.50bn before falling to a Sunday low $239.63bn. At the time of writing, the total market cap stood at $242.29bn. Bitcoin’s dominance rose to a Monday high 68.31% before falling to a Sunday low 66.51%. At the time of writing, Bitcoin’s dominance stood at 66.64%. This Morning At the time of writing, Bitcoin was up by 0.83 to $8,782.2. A mixed start to the day saw Bitcoin fall to an early morning low $8,620.0 before striking a high $8,808.7. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Tron’s TRX (+1.57%), Tezos (+1.20%), Ethereum (+1.06%), Bitcoin Cash ABC (+1.23%), and Binance Coin (+1.11%) led the way early on. Monero’s XMR was down by 0.15%, however, to buck the trend. For the Bitcoin Day Ahead Bitcoin would need to move through to $8,900 levels to bring the first major resistance level at $9,110.73 into play. Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $8,808.7. Barring an extended crypto rebound, the first major resistance level would likely limit any upside. In the event of an extended crypto rally, Bitcoin could revisit $9,300 levels before any pullback. We would expect Bitcoin to come up short of the second major resistance level at $9,511.37, however. Failure to move through to $8,900 levels could see Bitcoin hit reverse. A fall back through the morning low $8,620.0 would bring the first major support level at $8,498.73 into play. Barring another extended crypto sell-off, however, Bitcoin should steer clear of the second major support level at $8,287.37. This article was originally posted on FX Empire More From FXEMPIRE: The Week Ahead – Geopolitics, Central Banks and COVID-19 in Focus EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 24/05/20 The Crypto Daily – Movers and Shakers -25/05/20 Price of Gold Fundamental Weekly Forecast – Short-Term Volatility to Continue as Investors Look for Value GBP/USD Daily Forecast – Support At 1.2170 In Sight Ray Dalio Suggests USA Is Entering A Period Of Decline And New World Order', 'The credibility of Craig Wright – the Australian tech entrepreneur who controversially claims to be bitcoin’s pseudonymous inventor, Satoshi Nakamoto – has taken another blow. After a list of bitcoin addresses Wright had provided as being his holdings in an ongoing court case were briefly and “inadvertently” made public by plaintiffs on May 21, 145 of the addresses were used to sign a public message both calling Wright a “fraud” and making it plain that he does not in fact own or control them. The court case was brought by Ira Kleiman, the brother of Wright’s former business partner, David Kleiman, and seeks half of 1.1 million bitcoin (worth around $9.6 billion) the two allegedly mined in the early days of the cryptocurrency, as well as intellectual property. The case hinges on whether Wright can prove he has the keys to the trove of cryptocurrency. Related: Bidooh Founders Admit to Cloning Business for Rival Advertising Venture While the list of addresses was quickly resealed by the Kleiman legal team , it still exists on Court Listener and looks to have provided a means for another individual to identify a number of addresses they in fact hold the keys to. That, in turn, enabled them to sign a message with the bitcoin keys . It reads: “Craig Steven Wright is a liar and a fraud. He doesn’t have the keys used to sign this message. The Lightning Network is a significant achievement. However, we need to continue work on improving on-chain capacity. Unfortunately, the solution is not to just change a constant in the code or to allow powerful participants to force out others. We are all Satoshi.” Some of the many addresses in the court filing published on Court Listener are indeed used **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-05-25 **Financial & Commodity Data:** - Gold Closing Price: $1734.60 - Crude Oil Closing Price: $33.25 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $168,322,702,275 - Hash Rate: 94064526.4346863 - Transaction Count: 265875.0 - Unique Addresses: 551378.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.41 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Software and digital platform provider EPAM Systems has joined forces with an association working to help crypto exchanges comply with tough rules laid out by the Financial Action Task Force (FATF). EPAM, which provides digital products across a range of industries including finance, joined OpenVASP as an association member on Thursday, pledging to use its programming expertise to help crypto businesses comply with theFATF’s “Travel Rule.” In June 2019, the FATF – an international money laundering watchdog – updated Recommendation 16 of the Travel Rule, which relates to the way in which data of the sender a financial transaction and its beneficiary is policed during wire transfers. Related:G20 Watchdog Warns Nations to Mitigate Risks Posed by Libra-Like Stablecoins The rule change, which caused an outcry in the crypto industry, meant digital asset transactions at exchanges and similar entities – “Virtual Asset Service Providers” (VASPs) to use the FATF’s parlance – were included as well. In effect, transaction data above a certain threshold should be stored by VASPs for potentially sharing with other VASPs, as well as regulators and policing authorities, bringing a large compliance burden and raising potential privacy issues. While the FATF rules are guidance for the globe’s regulators, nations that do not fall into line risk being blacklisted. See also:Binance Throws Weight Behind Shyft Network in ‘Travel Rule’ Standards Race Since the 2019 ruling, crypto businesses have been trying to figure out how to comply with the Travel Rule. Related:Telegram’s Fight Against SEC Will Help Push Cryptocurrency Legislation, Says Trade Group The OpenVASP initiative, launched in November, seeks to provide a clear picture of FATF compliance based on an open-source protocol allowing for secure communication of sender and beneficiary information for crypto-asset transactions between VASPs. That’s where EPAM’s induction into OpenVASP may help. The company aims to develop a second implementation of the protocol in Java to further help Virtual Asset Service Providers such as brokers, exchanges and banks, comply with the rule. EPAM’s implementation will follow the C# implementation already being developed OpenVASP founding members such as Bitcoin Suisse, Lykke, Seba Bank, Sygnum Bank, MME Legal and Avaloq. See also:Inside the Standards Race for Implementing FATF’s Travel Rule “With alternative crypto assets becoming more mainstream, there is a need in the market to align investors, market participants and regulations to a common standard,” said Balazs Fejes, co-head of global business at EPAM, in a press release. “OpenVASP provides a transparent, trusted protocol for reporting crypto-asset transactions, and we are pleased to partner with the association to support the open-source community and provide an innovative solution to this challenge,” Fejes added. • CoinShares Hires WisdomTree Exec as Company Plans Expansion Outside UK • Huobi Exchange Plots Return to US Crypto Market as Soon as This Month, Exec Says... - Reddit Posts (Sample): [['u/FishRelatedCrimes', 'Quest for deeper bitcoin understanding', 22, '2020-05-25 00:45', 'https://www.reddit.com/r/Bitcoin/comments/gpz47c/quest_for_deeper_bitcoin_understanding/', "I've been interested in bitcoin for sometime now and have invested over the past two years.. I'm now doing my part to support the network by setting up a full bitcoin node. However, I feel like I'm lacking on my understanding of bitcoin.\n\nI need suggestions to get an depth understanding of bitcoin technologies like blockchain, nodes, and lightning network. I prefer books to pdf but anything will do. Thanks for any help guys and gals!", 'https://www.reddit.com/r/Bitcoin/comments/gpz47c/quest_for_deeper_bitcoin_understanding/', 'gpz47c', [['u/bitusher', 12, '2020-05-25 02:20', 'https://www.reddit.com/r/Bitcoin/comments/gpz47c/quest_for_deeper_bitcoin_understanding/frpy995/', 'If you are ready to go down the rabbit hole of knowledge Learn more here –\n\nhttps://www.lopp.net/bitcoin-information.html\n\nhttps://www.lopp.net/lightning-information.html\n\nhttps://10hoursofbitcoin.com/\n\nhttp://bitcoinrabbithole.org/\n\nhttps://bitcoin-resources.com\n\nhttps://www.bitcoin101.club\n\nhttps://21lessons.com', 'gpz47c']]], ['u/AmericanScream', 'Is it me or is the whole PoW (proof of work) crypto model an insult to the future of humanity?', 52, '2020-05-25 04:13', 'https://www.reddit.com/r/Buttcoin/comments/gq2flb/is_it_me_or_is_the_whole_pow_proof_of_work_crypto/', "If I understand this, the value of bitcoin and other PoW (proof of work) cryptos is that the cost of processing power in term of electricity will determine the base price and value of cryptocurrency?\n\nAccording to this model, it assumes that availability, price and accessibility of power will not change, and only computing power may increase. And this weird model of the future will ensure the value of crypto will be stable?\n\nWhat if we assume it's possible to achieve high degrees of alternative/renewable energy efficiency? Doesn't this completely nullify the proof-of-work model? So crypto currency depends upon humanity not finding a more efficient method of generating electricity?", 'https://www.reddit.com/r/Buttcoin/comments/gq2flb/is_it_me_or_is_the_whole_pow_proof_of_work_crypto/', 'gq2flb', [['u/pusillanimouslist', 29, '2020-05-25 04:45', 'https://www.reddit.com/r/Buttcoin/comments/gq2flb/is_it_me_or_is_the_whole_pow_proof_of_work_crypto/frqc3gf/', 'You’ve got it kind of backwards. The price of the crypto affects how much miners will be willing to spend mining said currency. The miners are hoping to liquidate their reward and make a profit, so they can’t spend more on electricity than the expected value of the mining reward. \n\nIt’s still a disaster though. You got that right.', 'gq2flb'], ['u/NakeyDooCrew', 43, '2020-05-25 04:55', 'https://www.reddit.com/r/Buttcoin/comments/gq2flb/is_it_me_or_is_the_whole_pow_proof_of_work_crypto/frqd0ed/', 'A certain amount of shitty greed and resource hoarding is presumed on the part of the human race, yes. The network requires at least three greedy assholes who hate each other to be technically decentralised.', 'gq2flb'], ['u/devliegende', 14, '2020-05-25 05:15', 'https://www.reddit.com/r/Buttcoin/comments/gq2flb/is_it_me_or_is_the_whole_pow_proof_of_work_crypto/frqevm3/', 'Do you consider boiling the oceans useful?', 'gq2flb'], ['u/spookmann', 16, '2020-05-25 05:27', 'https://www.reddit.com/r/Buttcoin/comments/gq2flb/is_it_me_or_is_the_whole_pow_proof_of_work_crypto/frqfx6j/', "> The value of bitcoin is determined by supply and demand like any asset.\n\nSo close. Assets are driven by supply, demand, and ***speculation*** (which masquerades as demand but is not really demand).\n\nFor most assets most of the time, supply and demand balance with price and production. BitCoin is a broken asset because it has no real demand, and is nearly entirely driven by speculation.\n\n> very useful commodities like crude oil temporarily have a negative price.\n\nYour argument is... because oil had a negative price, it has no intrinsic value? I'm not sure I can accept that.\n\n> the price per kW across the board will rise\n\nSo... BitCoin is going to drive up my electricity bill? Great. Another reason to hate it.", 'gq2flb'], ['u/[deleted]', 41, '2020-05-25 06:09', 'https://www.reddit.com/r/Buttcoin/comments/gq2flb/is_it_me_or_is_the_whole_pow_proof_of_work_crypto/frqjnad/', 'Proof of Work is really nothing more than a whole bunch of people burning brand new tires in their back yards while taking a photo of said tire first to "prove" they "did the work" (read: wasted a bunch of otherwise useful resources "securing" someone\'s bags for them). \n\nDoesn\'t matter if humanity secures any more efficient or cleaner methods of generating electricity, now or ever. The fact that PoW does nothing more than burn electricity for the sake of burning electricity is an insult to future generations enough.', 'gq2flb'], ['u/[deleted]', 14, '2020-05-25 06:14', 'https://www.reddit.com/r/Buttcoin/comments/gq2flb/is_it_me_or_is_the_whole_pow_proof_of_work_crypto/frqk0k3/', '> There has never been anything like Bitcoin before. It\'s one of the most significant human rights tools we have right now. \n\nNothing says "important humanitarian cause" like wasting gigawatts of electricity every hour to "secure" a network of casino coins so that wannabe scam artists can try to unload their bags on the next generation of suckers. You and Bernie Madoff doing God\'s work.', 'gq2flb'], ['u/potato-in-your-anus', 32, '2020-05-25 06:24', 'https://www.reddit.com/r/Buttcoin/comments/gq2flb/is_it_me_or_is_the_whole_pow_proof_of_work_crypto/frqkw12/', 'PoW is an environmental disaster', 'gq2flb'], ['u/9millimemer', 17, '2020-05-25 07:07', 'https://www.reddit.com/r/Buttcoin/comments/gq2flb/is_it_me_or_is_the_whole_pow_proof_of_work_crypto/frqoa8b/', 'Sprinkle a little bit of Marxist labor theory of value on an armchair Austrian economist and you get a Bitcoiner.', 'gq2flb'], ['u/happyscrappy', 10, '2020-05-25 09:10', 'https://www.reddit.com/r/Buttcoin/comments/gq2flb/is_it_me_or_is_the_whole_pow_proof_of_work_crypto/frqx6s4/', "I don't have to imagine it. You just showed us you are petulant and fragile by posting that statement here. You know it's not going to be received well. There's literally no other reasons to post this other than being petulant and fragile (hurt) about what was said.", 'gq2flb'], ['u/burrowowl', 11, '2020-05-25 09:55', 'https://www.reddit.com/r/Buttcoin/comments/gq2flb/is_it_me_or_is_the_whole_pow_proof_of_work_crypto/frr01h5/', "It's an append only text file that's speed running through 500 years of economic failures.", 'gq2flb'], ['u/almondicecream', 13, '2020-05-25 10:20', 'https://www.reddit.com/r/Buttcoin/comments/gq2flb/is_it_me_or_is_the_whole_pow_proof_of_work_crypto/frr1m6v/', 'No. Ideally we will build a dyson sphere around the sun for a strong eco-minded solution to mine the last bitcoin. Quit being such a stick in the mud.', 'gq2flb'], ['u/NonnoBomba', 14, '2020-05-25 10:28', 'https://www.reddit.com/r/Buttcoin/comments/gq2flb/is_it_me_or_is_the_whole_pow_proof_of_work_crypto/frr22rx/', '> If I understand this, the value of bitcoin and other PoW (proof of work) cryptos is that the cost of processing power in term of electricity will determine the base price and value of cryptocurrency?\n\nThat\'s what bitcoin cultists want people to think.\n\nReality is that electricity is the *cost* of running bitcoin, not its value. This is an entirely arbitrary parameter and may vary between 0 and infinity without affecting the network\'s ability to function.\n\nIt is *supposed* to be correlated to the network\'s security, but only as long as the assumptions of the model hold: the higher the costs, the more expensive certain types of attacks PoW was designed to defend upon become, because it is supposed that a single (or a small cartel) of participants in the PoW scheme would not be rationally interested in spending the needed power and computational capacity -ie it should create a high "barrier of entry" that attacks are unprofitable. So yes, the cost of gaining a controlling share are *meant* to remain high, the higher the better from their point of view. Cheap energy means only more energy needs to be wasted to keep the barrier high. It is a system designed with decreasing energy efficiency in mind.\n\nThis fails to account for a ton of different scenarios. The most basic one, is that since "mining" is expensive, a reward was needed to keep people interested in it, thus created economies of scale that make it inevitable for the total hash power to slowly accumulate in the hands of a small group (up to the point where a full monopoly on mining is formed), invalidating the model. Other scenarios involve "economically irrational" but powerful players -imagine the shitshow if this stuff is ever used as an official currency by some nation- and of players interested in economic effects that go beyond the blockchain. I think there are some published articles around the game-theoretical aspects of it (more or less all concluding cryptos security models don\'t work).\n\nAs it is, a majority of hash power (~62%, but different sources gives different numbers) currently resides in the hands of 4 big mining pools (owned by Chinese companies) and at least 50% of the total -not necessarily all of the pools\' hashpower and not only hashpower to them- is localized in a region of China, due to the availability of cheap hydro power in loco. \n\nNow, the *value* of the current bitcoin economy -which is a big negative number if you account for externalities, the reason why the whole concept is to be condemned without appeal- is much more difficult to visualize but the calculation should include some positive numbers since it has undoubtedly created some value for some demographics ie, all the people and companies that were being marginalized and denied access ... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64
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:** ['Thailand is teaming with a blockchain firm to encourage peer-to-peer trading of renewable energy. Announced on Monday, Thai Digital Energy Development (TDED) \x96 a public-private joint venture \x96 has inked a deal with blockchain energy startup Power Ledger to develop a blockchain-based digital energy business. The deal, also in collaboration with energy suppliers in Thailand, seeks to develop solutions for peer-to-peer energy trading and environmental commodity trading, Australia-based Power Ledger said in a press release. Related: Colombia, Deloitte, ConsenSys Sign On to WEF\x92s \x91Blockchain Bill of Rights\x92 Ultimately, the partners aim to assist Thailand\x92s drive to hit a 25% renewable energy target by 2037 as the nation transitions away from fossil fuels. \x93Blockchain-enabled transactive energy solutions including peer-to-peer (P2P) energy trading, virtual power plants as well as renewable energy certificates and carbon credits trading will be the key to establishing economically viable renewable energy markets,\x94 said Power Ledger\x92s co-founder and executive chairman, Jemma Green. \x93Our partnership with TDED will allow us to accelerate our efforts to promote distributed digital energy markets in Thailand,\x94 Green added. See also: Everledger Offers Diamond Industry Blockchain-Based Carbon Offsetting Related: US Military Is Falling Behind China, Russia in Blockchain Arms Race: IBM, Accenture The partners will oversee the management of four \x93clean power\x94 projects from renewable energy provider BCPG Group, which have been included via a sandbox project to encourage uptake of renewable energy by Thailand\x92s Office of Energy Regulatory Commission. BCPG is a Bangkok-based firm dealing in solar, wind and geothermal power, with operations in Thailand, Japan, the Philippines and Indonesia. Together with a Thai electrical manufacturer under the Provincial Electricity Authority, it runs the TDED venture. One of the first projects to come out of the Power Ledger collaboration will focus on energy and carbon management at the 12-megawatt \x93smart campus\x94 at Chiang Mai University in Thailand\x92s north. Story continues See also: A New York Power Plant Is Mining $50K Worth of Bitcoin a Day Power Ledger\x92s \x93expertise in state-of-the-art technology will help materialize TDED\x92s goal in the development of digital energy products and services, as well as making clean energy more accessible to people.\x94 said TDED and BCPG president Bundit Sapianchai. Power Ledger has been working with BCPG in Thailand since 2018 when it launched a peer-to-peer energy trading trial in Bangkok. Related Stories Vitalik Buterin: Blockchains Will Discourage Monopolies, Not Create Them ChromaWay Expands Effort to Put Latin American Land Records on the Blockchain', 'Thailand is teaming with a blockchain firm to encourage peer-to-peer trading of renewable energy.\nAnnounced on Monday, Thai Digital Energy Development (TDED) – a public-private joint venture – has inked a deal with blockchain energy startup Power Ledger to develop a blockchain-based digital energy business.\nThe deal, also in collaboration with energy suppliers in Thailand, seeks to develop solutions for peer-to-peer energy trading and environmental commodity trading, Australia-based Power Ledger said in a press release.\nRelated:Colombia, Deloitte, ConsenSys Sign On to WEF’s ‘Blockchain Bill of Rights’\nUltimately, the partners aim to assist Thailand’s drive to hit a 25% renewable energy target by 2037 as the nation transitions away from fossil fuels.\n“Blockchain-enabled transactive energy solutions including peer-to-peer (P2P) energy trading, virtual power plants as well as renewable energy certificates and carbon credits trading will be the key to establishing economically viable renewable energy markets,” said Power Ledger’s co-founder and executive chairman, Jemma Green.\n“Our partnership with TDED will allow us to accelerate our efforts to promote distributed digital energy markets in Thailand,” Green added.\nSee also:Everledger Offers Diamond Industry Blockchain-Based Carbon Offsetting\nRelated:US Military Is Falling Behind China, Russia in Blockchain Arms Race: IBM, Accenture\nThe partners will oversee the management of four “clean power” projects from renewable energy provider BCPG Group, which have been included via a sandbox project to encourage uptake of renewable energy by Thailand’s Office of Energy Regulatory Commission.\nBCPG is a Bangkok-based firm dealing in solar, wind and geothermal power, with operations in Thailand, Japan, the Philippines and Indonesia. Together with a Thai electrical manufacturer under the Provincial Electricity Authority, it runs the TDED venture.\nOne of the first projects to come out of the Power Ledger collaboration will focus on energy and carbon management at the 12-megawatt “smart campus” at Chiang Mai University in Thailand’s north.\nSee also:A New York Power Plant Is Mining $50K Worth of Bitcoin a Day\nPower Ledger’s “expertise in state-of-the-art technology will help materialize TDED’s goal in the development of digital energy products and services, as well as making clean energy more accessible to people.” said TDED and BCPG president Bundit Sapianchai.\nPower Ledger has been working with BCPG in Thailand since 2018 when it launched a peer-to-peer energy trading trial in Bangkok.\n• Vitalik Buterin: Blockchains Will Discourage Monopolies, Not Create Them\n• ChromaWay Expands Effort to Put Latin American Land Records on the Blockchain', 'Bitcoin price is caught in a downdraft after a series of rallies in recent weeks that repeatedly fizzled out at the $10,000 mark. “There is no clear understanding where bitcoin will go,” Yuriy Mazur, head of data analytics at cryptocurrency exchange CEX.IO told CoinDesk’s Omkar Godbole. “It may either retrace back to $6,500 or reach $10,000.” You’re reading First 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 can subscribe here . Related: First Mover: EOS Has Still to Prove Itself After Spiraling Down This Past Year With the near-term picture cloudy, some analysts are focusing on a longer-term trend that could be surprisingly bullish for bitcoin: the emergence of digital currencies issued by central banks. It’s not an obvious investment thesis because bitcoin was invented to be used in an electronic peer-to-peer payment system that would be free of government control and operate outside of the traditional banking system. And most central bank digital currencies, or CBDCs, would, by their very nature, be issued and controlled by governments, and in many cases distributed through banks. But Jack Purdy and Ryan Watkins of the research firm Messari wrote last week in a report that the “coming digitization of money,” including the launch of CBDCs, could provide a “secular tailwind” for bitcoin. Related: Blockchain Bites: Facebook’s Calibra Facelift and Tencent’s ‘New Infrastructure’ Investments CBDCs have gained momentum over the past year as countries consider whether to roll out digital versions of their currencies to keep up with Facebook’s proposed Libra and China’s forthcoming digital currency electronic payment, which is already in testing . The journal Central Banking, which is supported by the Bank of International Settlements and the European Central Bank among others, found in a survey earlier this month that some 46 countries are considering CBDCs using a constrained form of distributed ledger technology. Story continues Federal Reserve Chair Jerome Powell told Congress in February the U.S. central bank is in the early stages of researching digital currencies , and that having a “single government currency at the heart of the financial system is something that has served us well.” Even so, JPMorgan said last week in a report that “there is no country with more to lose from the disruptive potential of digital currency than the United States,” as reported by Bloomberg News. “This revolves primarily around U.S. dollar hegemony.” The largest U.S. bank’s warning merely reinforces the urgency and significance of the efforts, and that’s what the Messari analysts were homing in on. “Catalyzed by bitcoin and the recognition of the benefits of blockchain technology, many countries and companies around the world have begun researching, testing and launching their own digital currencies,” the analysts wrote. “When these projects launch, they will have the combined effect of exposing billions of people to cryptocurrency-related technologies,” according to the report. “This will increase people’s comfort with and understanding of cryptocurrencies, get more people creating and using cryptocurrency wallets, and provide on-ramps into decentralized cryptocurrencies like bitcoin.” So CBDCs might be used to facilitate purchases of bitcoin? That’s the idea. Tweet of the day Bitcoin watch BTC : Price: $8,878 ( BPI ) | 24-Hr High: $9,011 | 24-Hr Low: $8,672 Trend : While bitcoin has recovered from two-week lows reached on Monday, the cryptocurrency is yet to beat key resistance above $9,300. At press time, bitcoin is changing hands near $9,000, having put in a low of $8,630, according to CoinDesk’s Bitcoin Price Index. Prices need to cross Sunday’s high of $9,310. That would invalidate the lower highs setup on the 4-hour chart and confirm an end of the pullback from $10,000 and the revival of the bullish trend. However, as long as prices are held under $9,310, the bearish view put forward by Sunday’s downside break of the ascending trendline connecting March 13 and April 21 lows would remain valid. The uptick from $8,630 to $9,000 seen in the last 24 hours lacks substance, as volumes have remained low throughout the price reco **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-05-26 **Financial & Commodity Data:** - Gold Closing Price: $1704.80 - Crude Oil Closing Price: $34.35 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $161,926,712,962 - Hash Rate: 93312010.2232088 - Transaction Count: 295782.0 - Unique Addresses: 605213.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.39 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: The Grayscale Bitcoin Trust (OTC: GBTC ) was down more than 10% after bitcoin underwent a landmark event known as a “halving.” At 3:23 p.m. Eastern on Monday, bitcoin cut in half the amount of bitcoins that are rewarded to cryptocurrency miners. These halving events are scheduled to take place roughly every four years as a way to guard against inflation. The total number of bitcoins that will ever be available is 21 million, but the rewards bitcoin miners receive for their efforts will repeatedly halve over the years as the world’s supply approaches that cap. Monday’s halving is the third such event in bitcoin’s history. Cryptocurrency Market Reaction Previous halvings have resulted in mixed subsequent trading action in bitcoin. Bitcoin prices were up 7% in the month following the first halving in 2012, but down 10% in the month following the second halving in 2016. Bitcoin has had a big year so far in 2020. The price of bitcoin is up 23.1% so far this year to near $9,000. While it’s unclear what kind of impact the halving will have on bitcoin prices, it will certainly make life more difficult for bitcoin miners given that it will cut their earnings power in half. Bitcoin miners use specialized high-power computing rigs to solve complex math problems that are used to validate bitcoin transactions. The first miner to solve those problems gets paid in bitcoins. The payment dropped Monday from 12.5 BTC to 6.25 BTC. Bitcoin Wallet Growth On The Rise DataTrek Research co-founder Nicholas Colas recently observed that the 2.3% bitcoin wallet growth in April was the highest growth in more than six months. Colas said there are two potential explanations for the rise in wallet growth and the spike in Google search volume related to bitcoin in mid-March. “Either ... people are getting excited about bitcoin’s ‘halving,’ when its algorithm starts reducing new issuance by half ... or ... as with our recent observation about bored, lock-downed gamblers and sport betters drifting off to day trade stocks, some percentage have also found their way into crypto currencies,” he said. Story continues Despite bitcoin bulls’ claims that bitcoin is a flight-to-safety investment, bitcoin prices plummeted 30% from Feb. 23 to March 23, the period in which the S&P 500 dropped 32.9%. The Grayscale Bitcoin Trust was down 10.13% at $10.29 at the time of publication Monday. Bitcoin was trading down slightly at $8,680.42. Benzinga’s Take Bitcoin will remain an extremely volatile, extremely high-risk investment even after the halving. Bitcoin has been a huge long-term winner for investors up to this point, but skeptics like Warren Buffett have repeatedly pointed out that cryptocurrencies like bitcoin don’t produce anything and have no intrinsic value. Do you agree with this take? Email [email protected] with your thoughts. Related Links: Bitcoin Is Still Failing As A Flight To Safety Investment Boredom Is The Enemy? A Look At Bitcoin Since Peaking At ,000 Latest Ratings for GBTC Feb 2018 Buckingham Initiates Coverage On Sell Jul 2015 Wedbush Initiates Coverage on Outperform View More Analyst Ratings for GBTC View the Latest Analyst Ratings See more from Benzinga Boyd Gaming Vs. Penn National: Which Stock Is The Better Casino Rebound Trade? Here's How Much Investing ,000 In Inovio Stock Back In 2010 Would Be Worth Today Biotech Stock Rally Is Crushing Short Sellers © 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.
9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53
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:** ['The US dollar came under pressure as traders from the UK and US returned from their holiday on Tuesday, resulting in a sharp push higher inGBP/USD.\nThe currency pair made a decisive push above important resistance at 1.2266 to trade at highs not seen in nearly two weeks.\nInvestors have sold dollars in favor of more risky currencies like the Australian or New Zealand dollar as the markets continue to show an appetite for risk. This has lead to broad-based pressure on the dollar which has benefited all of the major currencies.\nThe S&P 500 pushed sharply higher yesterday with SPY rallying above an important resistance confluence stemming from the $300 level and the 200-day moving average. The US index closed the day just below $300 but an early day rally in European equity markets today suggests the markets remain in risk-on mode.\nEconomic data is light for the session ahead. On Thursday, the US will release GDP figures for the first quarter. Analysts are expecting the report to show a 4.8% decline in growth in the first three months of the year.\nYesterday’s upside break inGBP/USDhas set a bullish tone and near-term dips are likely to be bought as the dollar continues to fall.\nA horizontal level at 1.2266 was breached yesterday and the level is considered significant. It held the pair higher in late April and early May and then held it lower last week.\nBuyers are likely to defend the level in the event the pair dips toward it.\nTo the upside, the next major area of resistance is seen at 1.2417 as the price point held the pair lower on a recovery earlier this month, on a daily close basis.\nBeyond that, further resistance at 1.2486 is considered to be a major hurdle as the same level capped the recovery in late March.\n• GBP/USD price action signals more upside potential with bullish targets at 1.2417 followed by 1.2486.\n• The dollar is weighed by strong risk appetite. The commodity currencies have gained the most among the major currencies in this leg of dollar weakness.\n• GDP figures for the first quarter will be released out of the US on Thursday.\nFor a look at all of today’s economic events, check out oureconomic calendar.\nThisarticlewas originally posted on FX Empire\n• U.S. Stocks Set To Open Higher As Optimism Prevails\n• AUD/USD Price Forecast – Australian Dollar Testing Major Resistance\n• US/China Conflict – Gold, Oil and Bitcoin in Focus\n• Midweek Market Drivers: Global Expand Of COVID-19, Situation In Europe, and US-China Tensions\n• Gold Price Futures (GC) Technical Analysis – $1705 – $1691 Are Next Minor Downside Targets\n• Crude Oil Price Update – Momentum Could Shift Lower Under $32.77', 'The US dollar came under pressure as traders from the UK and US returned from their holiday on Tuesday, resulting in a sharp push higher in GBP/USD . The currency pair made a decisive push above important resistance at 1.2266 to trade at highs not seen in nearly two weeks. Investors have sold dollars in favor of more risky currencies like the Australian or New Zealand dollar as the markets continue to show an appetite for risk. This has lead to broad-based pressure on the dollar which has benefited all of the major currencies. The S&P 500 pushed sharply higher yesterday with SPY rallying above an important resistance confluence stemming from the $300 level and the 200-day moving average. The US index closed the day just below $300 but an early day rally in European equity markets today suggests the markets remain in risk-on mode. Economic data is light for the session ahead. On Thursday, the US will release GDP figures for the first quarter. Analysts are expecting the report to show a 4.8% decline in growth in the first three months of the year. Technical Analysis GBPUSD 4-Hour Chart Yesterday\x92s upside break in GBP/USD has set a bullish tone and near-term dips are likely to be bought as the dollar continues to fall. A horizontal level at 1.2266 was breached yesterday and the level is considered significant. It held the pair higher in late April and early May and then held it lower last week. Buyers are likely to defend the level in the event the pair dips toward it. To the upside, the next major area of resistance is seen at 1.2417 as the price point held the pair lower on a recovery earlier this month, on a daily close basis. Beyond that, further resistance at 1.2486 is considered to be a major hurdle as the same level capped the recovery in late March. Bottom Line GBP/USD price action signals more upside potential with bullish targets at 1.2417 followed by 1.2486. The dollar is weighed by strong risk appetite. The commodity currencies have gained the most among the major currencies in this leg of dollar weakness. GDP figures for the first quarter will be released out of the US on Thursday. For a look at all of today\x92s economic events, check out our economic calendar . This article was originally posted on FX Empire More From FXEMPIRE: U.S. Stocks Set To Open Higher As Optimism Prevails AUD/USD Price Forecast \x96 Australian Dollar Testing Major Resistance US/China Conflict \x96 Gold, Oil and Bitcoin in Focus Midweek Market Drivers: Global Expand Of COVID-19, Situation In Europe, and US-China Tensions Gold Price Futures (GC) Technical Analysis \x96 $1705 \x96 $1691 Are Next Minor Downside Targets Crude Oil Price Update \x96 Momentum Could Shift Lower Under $32.77 View comments', 'Bitcointraders should keep an eye on the ongoing slide in the yuan, analysts say.\nThat’s because, historically, the cryptocurrency looks to have put in a positive performance during bouts of weakness in the Chinese currency.\nThe yuan (CNY) fell to 7.1613 per U.S. dollar earlier on Tuesday to hit the lowest level since early September and taking its cumulative month-to-date and year-to-date losses to 1.4% and 2.85%, respectively.\nRelated:Market Wrap: Bullish Traders Push Bitcoin Over $9,100, Returning to Halving Levels\nThe decline to eight-month lows could beassociated withconcerns about the U.S. response to China’s proposed security law for Hong Kong and the resulting haven demand for the greenback. U.S. Sen. Marco Rubio (R-Fla.)put out a tweetlate Tuesday stating the U.S. would impose sanctions on China if the nation presses forward with implementing the controversial Hong Kong bill.\n“If China’s CNY continues to weaken against USD, then we could have a 2015 and 2016 repeat, where BTC strength coincided with yuan weakness,”tweetedChris Burniske, partner at venture capital firm Placeholder.\nThe above chart shows bitcoin and USD/CNY moving in tandem in 2015 and 2016.\nIn August 2015, the People’s Bank of China (China’s central bank) surprised markets by devaluing CNY by 3.5%. The Chinese currency ended 2015 with an over 5.5% loss against the dollar, while bitcoin gained 34%.\nRelated:Goldman Sachs: Cryptocurrencies ‘Are Not an Asset Class’\nAnother wave of yuan devaluation rocked financial markets in early 2016 and the currency ended that year with a 7% loss. Again, bitcoin rallied by nearly 125%.\nSo there appears to have been a correlation between the two assets in 2015 and 2016. However, correlation does not necessarily imply causation, meaning there may or may not be a cause and effect relationship between the two.\nRead more:Chinese Government Advisers Propose Regional Stablecoin for 4 Asian Countries\nSome analysts have long argued that CNY depreciation leads to increased flow of money into bitcoin from China.\nFor instance, CNY fell below 7 per dollar for the first time in 10 years on Aug. 5, 2019, amid the U.S.-China trade war. On that day, bitcoin rallied by 7% and the uptick began an hour before the yuan dropped below the key level. As a result, some observers, including prominent analyst Alex Kruger,wondered whether bitcoinhad front-run the slide.\n“Last year we witnessed flows from CNY to BTC during the trade tariff saga,” Matthew Dibb, co-founder of Stack, a provider of cryptocurrency trackers and index funds, told CoinDesk Wednesday.\nSkeptics, however, would counter that claim by saying theuptick seen onAug. 5 was short-lived and the cryptocurrency suffered sharp losses in the following four months despite the yuan’s continued decline to new multi-year lows near 7.20 per dollar.\nEssentially, the positive correlation between USD/CNY and bitcoin did not hold ground in the second half of the last year. Furthermore, both bitcoin and the yuan suffered losses in 2018.\nIt could be argued the yuan slide seen in 2015 and 2016 merely coincided with the uptick in bitcoin, which was fueled by the bullish frenzy surrounding the cryptocurrency’s second mining-reward halving, which took place in July 2016.\nNevertheless, it may be worth keeping a close eye on the ongoing CNY slide as the narrative that yuan depreciation leads to increased outflows from China is still quite strong. Further, in the crypto markets, bullish narratives have a tendency to become self-fulfilling prophecies, as evidenced by bitcoin’s pre-halving rally.\nIn addition, bitcoin may be more sensitive to developments in the yuan market this time round, with the cryptocurrency now a macro asset class this year following an increase in institutional participation.\n“It’s no longer possible to analyze the crypto market without analyzing the rest of the macro markets,” Messari analysts said in their Tuesday’s newsletter. “The 2020 recession officially marks the beginning of bitcoin as a macro asset class. For retail investors and institutional investors, crypto isn’t the only asset class in their portfolio. Therefore, it’s crucial to look at crypto from a portfolio allocation perspective.”\nIndeed, legendary fund managers like Paul Tudor Jones II have recentlythrown their weight behind bitcoin, seeing it as a hedge against inflation.\n“Bitcoin reminds me of gold when I first got into the business in 1976,” Jones said. Gold, a precious metal with limited supply, tends to gain value during bouts of fiat currency devaluation.\nSome analysts expect **Last 60 Days of Bitcoin's Closing Prices:** [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, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-05-27 **Financial & Commodity Data:** - Gold Closing Price: $1710.30 - Crude Oil Closing Price: $32.81 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $161,926,712,962 - Hash Rate: 103847237.183894 - Transaction Count: 292927.0 - Unique Addresses: 603823.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.39 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Kyber Network is adding a new staking option for token holders once a planned protocol upgrade is implemented in less than two months. A new partnership with StakeWith.US, a Singapore-based blockchain infrastructure firm that provides staking services, is expected to provide “greater flexibility” for stakeholders and community members by increasing their control over decision-making, Kyber said. Holders of Kyber Network Crystal (KNC), an Ethereum-based (ERC-20) token, will be able to delegate their tokens and voting power to StakeWith.US’s staking pool, ATLAS , when the network’s Katalyst upgrade is completed by the end of June. Related: Stablecoins Push Ethereum’s Transaction Count to Highest Since July 2019 “This seems like a logical tie-up and would allow KNC token holders who are either too busy or don’t feel comfortable enough to vote on KyberDAO initiatives to delegate their votes to an informed third party and still receive voting rewards,” said Gerrit van Wingerden, CTO and co-founder of crypto asset management platform Caspian. Kyber Network is a decentralized exchange that allows instant trading and conversion of cryptocurrencies and tokens with high liquidity. Under the planned protocol upgrade, KNC holders will be able to vote on various protocol decisions and in return will receive rewards from network fees in the form of ether (ETH). See also: New Cross-Chain Network Plans to Bring Bitcoin’s Liquidity to the DeFi Space Related: Kyber Network Activity Surges as DEX Plans Switch to Staking Model in Q2 “Kyber will be the only protocol that has a deflationary staking token with network fees paid out in ETH , an asset with monetary premium,” said Michael Ng, co-founder of StakeWith.Us. With the change, KNC holders will receive their ETH rewards based on the number of tokens staked. Token burn and rewards are determined by actual network usage and DeFi growth, Kyber said. “It’s interesting to see staking providers, such as StakeWithUs, working closer with DAOs. Collaboration will lead a healthy debate around governance and proxy smart contracts,” said David Freuden, DAO enthusiast and founder of Monsterplay, a blockchain consultancy firm working in the areas of smart cities, privacy and decentralized autonomous organisations. “Staking providers can also access a broader and potentially larger network of staking participants which will increase the size of deployable pooled funds,” Freuden added. See also: Should the Government Have a Say in Where You Can Invest? Kyber Network activity surged in late April amid news that staking was on the way, with the number of addresses with a balance in KNC reaching an all-time high of 61,980 on April 27. Story continues Related Stories Network Bringing Bitcoin to DeFi Taps Libra Member Bison Trails for Staking Services OpenLaw Launches First ‘Legal DAO’ for Distributed VC Investments View comments... - Reddit Posts (Sample): [['u/Btcwhisperer', 'Tried sending some money overseas today', 17, '2020-05-27 00:11', 'https://www.reddit.com/r/Bitcoin/comments/gr6uix/tried_sending_some_money_overseas_today/', 'Tried sending few thousand dollars overseas to a family member. Unfortunately, they’re not very computer savvy and doesn’t know a bout bitcoin. Bank wouldn’t allow over $1,000 and an online service I found has a limit of $770, gonna try western union tomorrow but i hear their fees are high and slow... This is why Bitcoin.', 'https://www.reddit.com/r/Bitcoin/comments/gr6uix/tried_sending_some_money_overseas_today/', 'gr6uix', [['u/UKcoin2', 10, '2020-05-27 02:53', 'https://www.reddit.com/r/Bitcoin/comments/gr6uix/tried_sending_some_money_overseas_today/frxisdv/', 'When I sent money recently with Western Union they were ripping me for over 7% on the exchange rate as well as fisting me a fee for double the pleasure bringing the total to around 10%, happy days.', 'gr6uix']]], ['u/nullc', '"You\'ve been permanently banned from participating in r/bitcoinsv"', 22, '2020-05-27 02:11', 'https://www.reddit.com/r/bsv/comments/gr8wzc/youve_been_permanently_banned_from_participating/', "I guess shadders woke up. I knew they wouldn't let me ask a critical question about their obvious fraud, but knowing doesn't mean you can't hope otherwise.", 'https://www.reddit.com/r/bsv/comments/gr8wzc/youve_been_permanently_banned_from_participating/', 'gr8wzc', [['u/BitSoMi', 10, '2020-05-27 09:58', 'https://www.reddit.com/r/bsv/comments/gr8wzc/youve_been_permanently_banned_from_participating/fryj069/', 'Try to ask a critical question in r/bitcoin. You would be surprised of the outcome when echochambers dont allow critical thoughts.', 'gr8wzc']]], ['u/InstantlyJobless', 'YSK: If you get an email from a "hacker" which displays your ACTUAL password as proof that you\'ve been hacked, just ignore it.', 50887, '2020-05-27 03:27', 'https://www.reddit.com/r/YouShouldKnow/comments/gra3w0/ysk_if_you_get_an_email_from_a_hacker_which/', "There has been a sudden uptake of blackmail emails claiming to have hacked the recipient where they demand cash or they'll release compromising images/videos.\n\nIn the emails, the hacker claims to have hacked your device and used his new found privileges to record you while pleasuring yourself. To prove that he is legitimate, he tells you your ACTUAL password.\n\nThe hacker demands that you send cash to their bitcoin account or they'll send the compromising footage to your contacts list and your social media friends. They also threaten to publish all your private data (pics, documents, videos... etc) to the internet if you do not comply.\n\n**These are all empty threats.**\n\nWhat they do is find/buy stolen password lists from the dark-web and send these blackmail emails to the people on that list. The fact that they have a legit password is often enough to compel people into complacency.\n\nIf your stay on top of your internet security, you'll find the password they send is an old one that you already changed - but if the password they tell you is the same as one that you are currently using, please change it now, it means that your password is out there and anyone with a bit of tech knowledge can find it.", 'https://www.reddit.com/r/YouShouldKnow/comments/gra3w0/ysk_if_you_get_an_email_from_a_hacker_which/', 'gra3w0', [['u/mrmimbo', 13, '2020-05-27 03:44', 'https://www.reddit.com/r/YouShouldKnow/comments/gra3w0/ysk_if_you_get_an_email_from_a_hacker_which/frxo5ni/', 'Thanks', 'gra3w0'], ['u/lazydeathpunch', 18, '2020-05-27 03:46', 'https://www.reddit.com/r/YouShouldKnow/comments/gra3w0/ysk_if_you_get_an_email_from_a_hacker_which/frxodrt/', 'Outstanding. Have my upvote.', 'gra3w0'], ['u/ivylass', 11637, '2020-05-27 03:48', 'https://www.reddit.com/r/YouShouldKnow/comments/gra3w0/ysk_if_you_get_an_email_from_a_hacker_which/frxoju5/', 'I got one of these a few weeks ago. Updated the password and deleted the email. Done.', 'gra3w0'], ['u/micahhorner', 127, '2020-05-27 03:48', 'https://www.reddit.com/r/YouShouldKnow/comments/gra3w0/ysk_if_you_get_an_email_from_a_hacker_which/frxok4c/', 'TLDR: change your password and tell them to go fuck themselves.', 'gra3w0'], ['u/XxTornado98xX', 412, '2020-05-27 03:49', 'https://www.reddit.com/r/YouShouldKnow/comments/gra3w0/ysk_if_you_get_an_email_from_a_hacker_which/frxomxc/', 'Never even knew about these hackers, but I’ve heard that you should also use different passwords for different sites, and you should probably change it every once in a while, nevertheless, this was pretty helpful, thank you.', 'gra3w0'], ['u/SLJ7', 37, '2020-05-27 03:56', 'https://www.reddit.com/r/YouShouldKnow/comments/gra3w0/ysk_if_you_get_an_email_from_a_hacker_which/frxpc9z/', "I got one of these and just laughed at it, but didn't think of how few people would understand how easy it is to get old passwords. Password managers are great btw; bitwarden changed my life.", 'gra3w0'], ['u/New_Insect_Overlords', 3425, '2020-05-27 04:12', 'https://www.reddit.com/r/YouShouldKnow/comments/gra3w0/ysk_if_you_get_an_email_from_a_hacker_which/frxr08b/', "I got one of these and was most surprised that they thought I could come up with $1000 in Bitcoin in 72 hours.\n\nI wouldn't even know where to begin.", 'gra3w0'], ['u/whittler', 111, '2020-05-27 04:14', 'https://www.reddit.com/r/YouShouldKnow/comments/gra3w0/ysk_if_you_get_an_email_from_a_hacker_which/frxr6qn/', "They also comb through your emails to find websites that xyou've ordered from in the past. They use that same password to order stuff, because they know you use the same password.\n\nOnce a year i order a $20 water filter and the bank notified me of a $500 charge. They stopped and reversed it, but I was out of money all weekend. The shipping address was a Russian name in some dump outside of downtown Baltimore.\n\nAlso, weekly I have to change my password because they try too many times and lock us all out.", 'gra3w0'], ['u/[deleted]', 32, '2020-05-27 04:21', 'https://www.reddit.com/r/YouShouldKnow/comments/gra3w0/ysk_if_you_get_an_email_from_a_hacker_which/frxrulg/', 'My mom was one of those people. She called me very upset, and no matter how many times I explained it to her, she assumed that it was legit because they had her password.\n Nevermind she has no inappropriate images (*very* catholic and has strong opinions about anything remotely sexual/pleasurable), for some reason she still believed it. \nShe even went to the Apple store since she wasn’t satisfied with my solution....\nI guess these are the people they are banking on?', 'gra3w0'], ['u/Rocky_Road_To_Dublin', 89, '2020-05-27 04:21', 'https://www.reddit.com/r/YouShouldKnow/comments/gra3w0/ysk_if_you_get_an_email_from_a_hacker_which/frxrwqn/', "I wouldn't even reply to them.. they are more likely to engage on people they know are actively responding.", 'gra3w0'], ['u/jb2680', 32, '2020-05-27 04:22', 'https://www.reddit.com/r/YouShouldKnow/comments/gra3w0/ysk_if_you_get_an_email_from_a_hacker_which/frxrxm6/', 'Nope. It’s an awesome website, proving the point that simple length is far more important than complexity.', 'gra3w0'], ['u/stevez_86', 98, '2020-05-27 04:23', 'https://www.reddit.com/r/YouShouldKnow/comments/gra3w0/ysk_if_you_get_an_email_from_a_hacker_which/frxs1zo/', "That's why you save the Nigerian prince emails and edit it to say all the need to do to get the ransom amount they want plus $1 million in bitcoin is to send their bank account info to you so you can deposit the money.", 'gra3w0'], ['u/SLJ7', 18, '2020-05-27 04:23', 'https://www.reddit.com/r/YouShouldKnow/comments/gra3w0/ysk_if_you_get_an_email_from_a_hacker_which/frxs42s/', 'I think that\'s a fundamental attitude problem that basically boils down to "My explanation sounded right in my head and I don\'t want to admit you\'re better with computers or that i\'m wrong, so I\'m sticking to it and going into debt for it." That said, maybe if companies had to pay compensation to anyone who fell for one of these scams because of a password that got exposed in their database, they\'d think twice about storing passwords in plaintext. Can\'t believe that\'s actually still a thing.', 'gra3w0'], ['u/Radioactive-235', 2715, '2020-05-27 04:24', 'https://www.reddit.com/r/YouShouldKnow/comments/gra3w0/ysk_if_you_get_an_email_from_a_hacker_which/frxs5co/', 'I’d start by pleasuring myself to the thought of having that much money.', 'gra3w0'], ['u/The_WhiteWhale', 660, '2020-05-27 04:24', 'https://www.reddit.com/r/YouShouldKnow/comments/gra3w0/ysk_if_you_get_an_email_from_a_hacker_which/frxs6r9/', 'I got this email a few months ago. FREAKED me out and I’m not generally naive. The thought of actually paying did cross my mind until my brain kicked back in and I googled the email. Found a website talking about the scam and the relief was instant. I can see why people fall for it.', 'gra3w0'], ['u/Petrol7681', 55, '2020-05-27 04:25', 'https://www.reddit.com/r/YouShouldKnow/comments/gra3w0/ysk_if_you_get_an_email_from_a_hacker_which/frxs8t0/', 'I got one as a text message, made my heart skip a beat at first. Then I blocked them and deleted the message. “ you have 24 hrs or I will make your life a living hell” \n\nDo they really expect someone who has never done more than casually inquire as to what bit coin is, to source $1000 of it in 24 hrs?', 'gra3w0'], ['u/almondmilk', 16, '2020-05-27 04:28', 'https://www.reddit.com/r/YouShouldKnow/comments/gra3w0/ysk_if_you_get_an_email_from_a_hacker_which/frxsj9l/', "Thanks for the reassurance!\n\nAs far as length/complexity, I'm bothered by the fact that some websites let me do [word][##], but not [word][####]. *e.g.* **banana11** is allowed, but **banana1111** isn't. According to the website adding two more #s, even though they're the same, adds way more security.", 'gra3w0'], ['u/DirtyChito', 2699, '2020-05-27 04:28', 'https://www.reddit.com/r/YouShouldKnow/comments/gra3w0/ysk_if_you_get_an_email_from_a_hacker_which/frxsk... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Crypto currency-Bitcoin-India Indian investors are back in the cryptocurrency game and how. There has been a sharp increase in trading volumes on cryptocurrency exchanges in India since March 5, when India’s supreme court quashed a Reserve Bank of India’s (RBI) circular that barred banks and other financial entities from providing services to virtual currency dealings. Air travel in India is risky during the pandemic, but it’s still the safest Trading volume on Mumbai-based WazirX, one of India’s leading crypto exchanges, rose 400% and 270% month-on-month in March and April, respectively. Now, the exchange is facilitating around 60 million trades per day as compared to 20 million before March. WazirX, which was acquired by global exchange Binance in November last year, is also seeing an uptick in new sign-ups and active users, said founder and CEO Nischal Shetty. For Bengaluru-based global exchange aggregator CoinSwitch, April was the best month since inception in 2017. “Our Indian user base went up by 158% in April,” said Ashish Singhal, CEO of CoinSwitch. “Trading volumes in Indian rupees have shot up to 12-15 million each day from around 5-7 million prior to the supreme court order.” The company, which currently gets around 10% of its users from India, expects this number to rise in the coming months. The China-Africa relationship is being reset for a post-Covid world Rising like the phoenix The past two years were a nightmare for crypto exchanges in India. After the RBI’s decision in April 2018, the virtual currency ecosystem in the country nearly choked, leading to several exchanges, including prominent ones like Koinex and Zebpay , shutting shop. A few others shifted outside the country to survive the onslaught. But those who weathered the storm are now back in full swing. The high demand over the past couple of months has proved that Indians have an appetite for cryptocurrencies, and exchanges are planning to tap the market more efficiently. Story continues For instance, CoinSwitch is creating a tailor-made mobile app called “CoinSwitch Kuber,” which will be exclusive for Indian users. “People can buy and sell over 100 cryptocurrencies easily using Indian rupees. Earlier, users could trade only by using base currencies like Bitcoin,” said Singhal. Reflecting its commitment to the country, Malta-based global exchange Binance, in tie-up with WazirX, announced on March 17 a $50 million fund to promote the adoption of blockchain technologies in India. Increased activity in the Indian crypto market has also drawn the attention of global venture capitalists (VCs) who are trying to understand how they can participate in the boom, Shetty of WazirX said. “They have realised that a lot of startups are mushrooming and they want to be the early movers,” he said. “In the US, there are huge investments taking place (in crypto startups) since 2010, which will also happen in India.” All this attention is great, but experts warn that there are still obstacles for cryptocurrencies in India. Hurdles Remain Despite the supreme court’s order, some Indian banks continue to be reluctant to support virtual currencies. “Some banks are co-operating with us, while some are still hesitant,” Singhal of Coinswitch said. The reason for this resistance could be due to a lack of clear norms from the RBI as well as the anonymous and speculative nature of cryptocurrencies. “Banks are concerned about the relative anonymity of cryptocurrencies and how they could be a safe harbour for illicit activities,” Anirudh Rastogi, founder of Ikigai Law, a technology-focused law firm. “By providing services to crypto exchanges and traders, banks think they are opening themselves to a risk of regulatory scrutiny.” The records of virtual currencies are kept on an open-ledger but the anonymity of owners can create problems. This means cryptocurrencies could be misused to transfer illegal money or evade taxes. The RBI must intervene to reassure banks and clarify that they can support crypto businesses and trade, he added. Another hurdle for crypto exchanges to operate smoothly in India is the central government’s hesitancy, including the draft “Banning of Cryptocurrency & Regulation of Official Digital Currency Bill” (2019) , which was floated in July 22, 2019 and suggests a ban on all virtual currencies in India. Until the RBI and the government have a change of heart, the path for the cryptocurrency ecosystem in India will remain difficult. Sign up for the Quartz Daily Brief , our free daily newsletter with the world’s most important and interesting news. More stories from Quartz: The rainbow flag “reboot” is a triumph for inclusiveness—and a design disaster What is posse comitatus and why are Americans afraid Trump could suspend it?', 'Crypto currency-Bitcoin-India Indian investors are back in the cryptocurrency game and how. There has been a sharp increase in trading volumes on cryptocurrency exchanges in India since March 5, when India’s supreme court quashed a Reserve Bank of India’s (RBI) circular that barred banks and other financial entities from providing services to virtual currency dealings. Air travel in India is risky during the pandemic, but it’s still the safest Trading volume on Mumbai-based WazirX, one of India’s leading crypto exchanges, rose 400% and 270% month-on-month in March and April, respectively. Now, the exchange is facilitating around 60 million trades per day as compared to 20 million before March. WazirX, which was acquired by global exchange Binance in November last year, is also seeing an uptick in new sign-ups and active users, said founder and CEO Nischal Shetty. For Bengaluru-based global exchange aggregator CoinSwitch, April was the best month since inception in 2017. “Our Indian user base went up by 158% in April,” said Ashish Singhal, CEO of CoinSwitch. “Trading volumes in Indian rupees have shot up to 12-15 million each day from around 5-7 million prior to the supreme court order.” The company, which currently gets around 10% of its users from India, expects this number to rise in the coming months. The China-Africa relationship is being reset for a post-Covid world Rising like the phoenix The past two years were a nightmare for crypto exchanges in India. After the RBI’s decision in April 2018, the virtual currency ecosystem in the country nearly choked, leading to several exchanges, including prominent ones like Koinex and Zebpay , shutting shop. A few others shifted outside the country to survive the onslaught. But those who weathered the storm are now back in full swing. The high demand over the past couple of months has proved that Indians have an appetite for cryptocurrencies, and exchanges are planning to tap the market more efficiently. Story continues For instance, CoinSwitch is creating a tailor-made mobile app called “CoinSwitch Kuber,” which will be exclusive for Indian users. “People can buy and sell over 100 cryptocurrencies easily using Indian rupees. Earlier, users could trade only by using base currencies like Bitcoin,” said Singhal. Reflecting its commitment to the country, Malta-based global exchange Binance, in tie-up with WazirX, announced on March 17 a $50 million fund to promote the adoption of blockchain technologies in India. Increased activity in the Indian crypto market has also drawn the attention of global venture capitalists (VCs) who are trying to understand how they can participate in the boom, Shetty of WazirX said. “They have realised that a lot of startups are mushrooming and they want to be the early movers,” he said. “In the US, there are huge investments taking place (in crypto startups) since 2010, which will also happen in India.” All this attention is great, but experts warn that there are still obstacles for cryptocurrencies in India. Hurdles Remain Despite the supreme court’s order, some Indian banks continue to be reluctant to support virtual currencies. “Some banks are co-operating with us, while some are still hesitant,” Singhal of Coinswitch said. The reason for this resistance could be due to a lack of clear norms from the RBI as well as the anonymous and speculative nature of cryptocurrencies. “Banks are concerned about the relative anonymity of cryptocurrencies and how they could be a safe harbour for illicit activities,” Anirudh Rastogi, founder of Ikigai Law, a technology-focused law firm. “By providing services to crypto exchanges and traders, banks think they are opening themselves to a risk of regulatory scrutiny.” The records of virtual currencies are kept on an open-ledger but the anonymity of owners can create problems. This means cryptocurrencies could be misused to transfer illegal money or evade taxes. The RBI must intervene to reassure banks and clarify that they can support crypto businesses and trade, he added. Another hurdle for crypto exchanges to operate smoothly in India is the central government’s hesitancy, including the draft “Banning of Cryptocurrency & Regulation of Official Digital Currency Bill” (2019) , which was floated in July 22, 2019 and suggests a ban on all virtual currencies in India. Until the RBI and the government have a change of heart, the path for the cryptocurrency ecosystem in India will remain difficult. Sign up for the Quartz Daily Brief , our free daily newsletter with the world’s most important and interesting news. More stories from Quartz: The rainbow flag “reboot” is a triumph for inclusiveness—and a design disaster What is posse comitatus and why are Americans afraid Trump could suspend it?', 'BlockTower Capital’s hedge fund of cryptocurrencies was trudging along. Then, unexpectedly, it more than doubled its returns this year as most investors and companies languished from the coronavirus-stricken economic downturn. The fund – loaded at its August 2017 inception with $140 million in assets – has returned 33% in just the first four months of 2020, two BlockTower investors said. The four-month return beat in that peri **Last 60 Days of Bitcoin's Closing Prices:** [5922.04, 6429.84, 6438.64, 6606.78, 6793.62, 6733.39, 6867.53, 6791.13, 7271.78, 7176.41, 7334.10, 7302.09, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-05-28 **Financial & Commodity Data:** - Gold Closing Price: $1713.30 - Crude Oil Closing Price: $33.71 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $161,926,712,962 - Hash Rate: 98579623.7035512 - Transaction Count: 299910.0 - Unique Addresses: 617362.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.41 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: U.K. challenger bank Revolut said all standard users will now be able to buy and sell cryptocurrencies supported in its banking app, though this won’t include U.S. residents for now. Revolut had already planned to expand its crypto offering later this year. But in an email to users, the bank’s head of crypto, Edward Cooper, said growing concerns about the potential economic impacts of central bank quantitative easing and currency devaluation had hastened the move to Friday. Revolut – whichraised $500 millionin a Series D earlier in the year – has allowed users to purchase crypto directly from the app since itadded supportfor bitcoin in 2017. Although users can trade digital assets with other Revolut users, they cannot take them out of the app. Related:P2P Exchange Hodl Hodl Takes First Step in Bringing Private Bitcoin Trades to BlueWallet Users See also:Regulated Exchange Launches in US With Crypto-Backed Visa Card Offering Revolut expandedto the U.S. in late March. The bank said at the time new U.S. customers would only have access to its core features. Additional services, such as its crypto-buying service, would be added at a later date. A Revolut spokesperson confirmed to CoinDesk that U.S. users were still not able to trade crypto on the app, though they said it is “only because the feature has not launched there yet.” • While Some Hoard Dollar Bills, Others Envision Germy Cash’s Quick Demise • Crypto-Friendly Bank Revolut Launches in the US • Banks Have to Embrace Distributed Ledger Tech, Even if It Kills Them... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85
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:** ['Click here to read the full article. There was very little pomp, but that owed more to the circumstance, as Conan O’Brien gave the first remote commencement address in Harvard ’s long history to the Class of 2020. Delivered from a podium set up in his backyard, O’Brien used the unusual setting to his advantage, opening his speech with a montage of archival footage of a standing ovation from cheering crowds, a Blue Angels flyover, blasting cannons, and a water-squirting tugboat salute. More from Deadline \'Conan\' To Air New Shows Beginning March 30 Late-Night Hosts Remember "Terrific Guest" Kobe Bryant Conan O\'Brien Pays Tribute To NBC Late-Night Executive Rick Ludwin O’Brien, himself a Harvard grad and two-time editor of The Lampoon, said graduates would receive their diplomas in a plain envelope marked “Cornell Diploma” as a way to foil package thieves. “As you sit here today, or stand, or microwave a burrito, or ride a Peloton, or recline uncomfortably in your childhood bed, or mine Bitcoin, or Google ‘Who is Conan O’Brien?,’ you are witnessing many firsts in today’s ceremony,” O’Brien said, mentioning it was the first time the address had been delivered in the spot where his dog urinated just seven minutes before. O’Brien thanked Harvard for his honorary degree in “bosonic string theory and condensed-matter physics” (he was actually a history major) and saluted the IT department for their efforts (“Really nice compression, guys. Beautiful, very little buffering.”) To make everyone feel at home (even though they were actually at home), O’Brien said that authorities were doing their best to make up for the strangeness. “Trust me, we are taking steps to make today’s Commencement feel as authentic as possible,” he said. “In fact, right now, Harvard is charging each of you $50 for parking in Cambridge.” There was a slightly serious moment as well. O’Brien noted that seniors had “been handed more than your share. You’ve only known a world beset by terrorist hate. You’ve grown up with mass shootings and school lockdowns. Horror was completely absent from my childhood. You have now witnessed two economic meltdowns of stunning proportions. You are remarkable examples to my children of how to be smart, brave, and yes, resilient in a scary world.” Story continues Best of Deadline Coronavirus: U.S. Death Toll Passes Grim 100,000 Milestone As Global Cases Top 5.5 Million - Update Coronavirus: Movies That Have Halted Or Delayed Production Amid Outbreak Hong Kong Filmart Postponed Due To Coronavirus Fears; Event Moves Two Weeks Before Toronto Sign up for Deadline\'s Newsletter . For the latest news, follow us on Facebook , Twitter , and Instagram .', 'Click here to read the full article. There was very little pomp, but that owed more to the circumstance, as Conan O’Brien gave the first remote commencement address in Harvard ’s long history to the Class of 2020. Delivered from a podium set up in his backyard, O’Brien used the unusual setting to his advantage, opening his speech with a montage of archival footage of a standing ovation from cheering crowds, a Blue Angels flyover, blasting cannons, and a water-squirting tugboat salute. More from Deadline \'Conan\' To Air New Shows Beginning March 30 Late-Night Hosts Remember "Terrific Guest" Kobe Bryant Conan O\'Brien Pays Tribute To NBC Late-Night Executive Rick Ludwin O’Brien, himself a Harvard grad and two-time editor of The Lampoon, said graduates would receive their diplomas in a plain envelope marked “Cornell Diploma” as a way to foil package thieves. “As you sit here today, or stand, or microwave a burrito, or ride a Peloton, or recline uncomfortably in your childhood bed, or mine Bitcoin, or Google ‘Who is Conan O’Brien?,’ you are witnessing many firsts in today’s ceremony,” O’Brien said, mentioning it was the first time the address had been delivered in the spot where his dog urinated just seven minutes before. O’Brien thanked Harvard for his honorary degree in “bosonic string theory and condensed-matter physics” (he was actually a history major) and saluted the IT department for their efforts (“Really nice compression, guys. Beautiful, very little buffering.”) To make everyone feel at home (even though they were actually at home), O’Brien said that authorities were doing their best to make up for the strangeness. “Trust me, we are taking steps to make today’s Commencement feel as authentic as possible,” he said. “In fact, right now, Harvard is charging each of you $50 for parking in Cambridge.” There was a slightly serious moment as well. O’Brien noted that seniors had “been handed more than your share. You’ve only known a world beset by terrorist hate. You’ve grown up with mass shootings and school lockdowns. Horror was completely absent from my childhood. You have now witnessed two economic meltdowns of stunning proportions. You are remarkable examples to my children of how to be smart, brave, and yes, resilient in a scary world.” Story continues Best of Deadline Coronavirus: U.S. Death Toll Passes Grim 100,000 Milestone As Global Cases Top 5.5 Million - Update Coronavirus: Movies That Have Halted Or Delayed Production Amid Outbreak Hong Kong Filmart Postponed Due To Coronavirus Fears; Event Moves Two Weeks Before Toronto Sign up for Deadline\'s Newsletter . For the latest news, follow us on Facebook , Twitter , and Instagram .', 'Bitcoin rallied by 4.11% on Thursday. Following on from a 4.12% breakout on Wednesday, Bitcoin ended the day at $9,589.3.\nA mixed start to the day saw Bitcoin fall to a mid-morning intraday low $9,118.2 before making a move.\nSteering clear of the first major support level at $8,946.67, Bitcoin rallied to a final hour intraday high $9,630.3.\nBitcoin broke through the first major resistance level at $9,349.47 and second major resistance level at $9,488.63 before easing back.\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 the 62% FIB of $10,034 to form a near-term bullish trend.\nAcross the rest of the majors, it was also a bullish day for the majors on Thursday.\nCardano’s ADA surged by 17.71% to lead the way.\nBinance Coin (+3.64%), Bitcoin Cash ABC (+3.34%), Ethereum (+5.77%), Monero’s XMR (+4.28%), Stellar’s Lumen (+4.92%), Tezos (+4.37%), and Tron’s TRX (+3.12%) also found strong support.\nBitcoin Cash SV (+1.17%), EOS (+1.67%), Litecoin (+2.05%), and Ripple’s XRP (+1.37%) trailed the front runners.\nIn the current week, the crypto total market cap fell to an early Monday low $238.04bn before rising to an early Friday high $263.53bn. At the time of writing, the total market cap stood at $261.58bn.\nBitcoin’s dominance fell to a Monday low 66.38% before a Thursday 69.54% spike. At the time of writing, Bitcoin’s dominance stood at 66.99%.\nAt the time of writing, Bitcoin was down by 0.57% to $9,535.0. A mixed start to the day saw Bitcoin rise to an early morning high $9,618.8 before falling to a low $9,483.5.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nCardano’s ADA joined Bitcoin in the red, with a 0.46% loss at the time of writing.\nIt was a bullish start to the day for the rest of the pack, however.\nEOS led the way early on, rallying by 1.49%.\nBitcoin would need to avoid sub-$9,450 levels to bring the first major resistance level at $9,773.67 into play.\nSupport from the broader market would be needed, however, for Bitcoin to break out from Thursday’s high $9,630.3.\nBarring an extended crypto rally, the first major resistance level would likely limit any upside.\nIn the event of another extended crypto rally, the second major resistance level at $9,958.03 and the 62% FIB of $10,034 would likely come into play.\nFailure to avoid sub-$9,450 levels could see Bitcoin fall deeper into the red.\nA fall back through the morning low to sub-$9,450 levels would bring the first major support level at $9,261.57 into play.\nBarring another extended crypto sell-off, however, Bitcoin should steer well clear of the second major support level at $8,933.83.\nThisarticlewas originally posted on FX Empire\n• Crude Oil Price Update – Reaction to $32.77 Pivot Sets the Tone into the Close; EIA Says Crude Stocks Rose\n• E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Key Level into Close is 25534\n• Economic Data to Take a Back Seat with Trump’s News Conference the Main Event\n• Crude Oil Price Forecast – Crude Oil Markets Continue to Press the Issue\n• Silver Price Forecast – Silver Markets Continue to Pound Into Resistance\n• Gold Price Prediction – Prices Edge Higher Following Weak US Data', 'Bitcoin rallied by 4.11% on Thursday. Following on from a 4.12% breakout on Wednesday, Bitcoin ended the day at $9,589.3. A mixed start to the day saw Bitcoin fall to a mid-morning intraday low $9,118.2 before making a move. Steering clear of the first major support level at $8,946.67, Bitcoin rallied to a final hour intraday high $9,630.3. Bitcoin broke through the first major resistance level at $9,349.47 and second major resistance level at $9,488.63 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 the 62% FIB of $10,034 to form a near-term bullish trend. The Rest of the Pack Across the rest of the majors, it was also a bullish day for the majors on Thursday. Cardano’s ADA surged by 17.71% to lead the way. Binance Coin (+3.64%), Bitcoin Cash ABC (+3.34%), Ethereum (+5.77%), Monero’s XMR (+4.28%), Stellar’s Lumen (+4.92%), Tezos (+4.37%), and Tron’s TRX (+3.12%) also found strong support. Bitcoin Cash SV (+1.17%), EOS (+1.67%), Litecoin (+2.05%), and Ripple’s XRP (+1.37%) trailed the front runners. In the current week, the crypto total market cap fell t **Last 60 Days of Bitcoin's Closing Prices:** [6429.84, 6438.64, 6606.78, 6793.62, 6733.39, 6867.53, 6791.13, 7271.78, 7176.41, 7334.10, 7302.09, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-05-29 **Financial & Commodity Data:** - Gold Closing Price: $1736.90 - Crude Oil Closing Price: $35.49 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $174,975,117,559 - Hash Rate: 95569558.8576412 - Transaction Count: 280960.0 - Unique Addresses: 591013.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.48 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Investing.com - Bitcoin fell bellow the $6,199.3 level on Wednesday. Bitcoin was trading at 6,199.3 by 13:26 (17:26 GMT) on the Investing.com Index, down 3.94% on the day. It was the largest one-day percentage loss since March 29. The move downwards pushed Bitcoin's market cap down to $113.6B, 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 $6,157.4 to $6,425.5 in the previous twenty-four hours. Over the past seven days, Bitcoin has seen a drop in value, as it lost 6.36%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $33.5B or 0.00% of the total volume of all cryptocurrencies. It has traded in a range of $5,872.5044 to $6,813.6519 in the past 7 days. At its current price, Bitcoin is still down 68.80% from its all-time high of $19,870.62 set on December 17, 2017. Ethereum was last at $129.66 on the Investing.com Index, down 2.08% on the day. XRP was trading at $0.16921 on the Investing.com Index, a loss of 3.97%. Ethereum's market cap was last at $14.4B or 0.00% of the total cryptocurrency market cap, while XRP's market cap totaled $7.5B or 0.00% of the total cryptocurrency market value. Related Articles Cardano Dips Below 0.029725 Level, Down 1% Fed’s Quantitative Easing Strategy Holds Long-Term Benefits for Crypto Amended Ripple Class-Action Covers Possibility XRP Is Not a Security... - Reddit Posts (Sample): [['u/JoelDalais', "On MetaNet.ID's recent breach", 13, '2020-05-29 00:54', 'https://www.reddit.com/r/bitcoincashSV/comments/gsgsg5/on_metanetids_recent_breach/', 'As I\'m sure plenty of you have been made aware, recently there was an information breach on the metanet.id site.\n\nThe perpetrator (jim-btc), allegedly also had a hacker assisting him (according to his own words/video).\n\nOnly 8 people had uploaded PII during this time.\n\nThe issue was that though the uploads was set to admin & user *only*, but the uploads were sent to a folder which had poor restrictions / low threshold security settings.\n\nThis is known as a data breach.\n\nAnd it was **my** fault.\n\nHowever, the use of the information afterwards has turned this from a civil matter into a criminal matter. As such, you might not find references to the situation on this sub as I have requested such things be removed until the issue is resolved. If it was civil, it might be different, but it\'s not anymore.\n\nSome reports to the police & ICO have already been made and there are to be further reports (with evidence) to the police.\n\nAs the twitterites and various others explode with whatever it is they explode with, and start with the narrative "Joel bad man! bald bad man! has shiny head! rescue Craig from the bad man!" In their vain attempts to shut-down the communication platform that is the MetaNet Membership club.\n\nI\'ll kindly remind you that I don\'t work for Craig, nor Calvin, and never have. And Craig is simply a member in **my** membership club.', 'https://www.reddit.com/r/bitcoincashSV/comments/gsgsg5/on_metanetids_recent_breach/', 'gsgsg5', [['u/CityBusDriverBitcoin', 10, '2020-05-29 03:05', 'https://www.reddit.com/r/bitcoincashSV/comments/gsgsg5/on_metanetids_recent_breach/fs5grna/', 'Joel you\'re getting roasted over here lol\n\n\nGlad that I didn\'t send any ID (to join a slack channel lolol) \n\nBecause I would have been really mad at you for this mistake. I\'m not even using slack anyway, what\'s the point to call this metanet if your main tool isn\'t even "on-chain"', 'gsgsg5'], ['u/jim-btc', 11, '2020-05-29 03:28', 'https://www.reddit.com/r/bitcoincashSV/comments/gsgsg5/on_metanetids_recent_breach/fs5j59v/', 'Yeah that would of been a fun joke - onchain ID... but would of fucked with people bad and landed myself in trouble too.\n\nI had no interested in talking with Joel & no time, and I realised quickest way to get it shutdown and show his incompetence was to just do full disclosure (which is legal).\n\nOnly then did Joel start to harass me and threaten me on Twitter ("I know where you live") and came out with some wild accusation that I was a heroin addict and had heroin in my house and the police would be coming.\n\nSo I suddenly found the time to stick it to Joel.\n\nAsk any BCasher - do not fuck with Jimmy N. Lose.\n\nOf course he\'s gonna use any attempt to paint me as "anti-BSV" or "friend of Greg". I know most people are smart enough to see this.', 'gsgsg5']]], ['u/CryptoKid3', 'What the long awaited Shelley announcement means to me', 87, '2020-05-29 04:26', 'https://www.reddit.com/r/cardano/comments/gsk770/what_the_long_awaited_shelley_announcement_means/', "Today was an amazing day. With the update coming, I had no idea what to expect. I know IOHK and Charles have learned from the FUDers not to promise any dates, because that makes people sad apparently. For me, there was never a doubt. After literally 100's if not 1000's of hours of research over the last 4 years, Cardano has been my #1 the entire time. Over the last 4 years, endless amounts of FUD have been spread from ETH, EOS some XTZ folks,etc., and initially it got me worked up, because I didn't understand how they couldnt see the beauty in the technology and intentions of this project. After a while, I realized I was thankful, because it allowed me to learn more about Cardano (and stock up more too :)) \n\n\nNote: I am heavily invested in ETH as well,and have loved the project for longer than Cardano (but not more)\n\nI am not the most computer science savvy person, but when I heard about ETH 2.0, I knew it was huge for ADA. If Shelley were to be launched, it would be an accumulation of some of the most beautiful research, science and engineering to date, for so many reasons. With Shelley now scheduled, I truly believe Cardano has taken a step towards, if not up with or even ahead of Ethereum. \\*THAT SAID\\* As Charles recognizes all the time, this is a space that will allow for many successful projects, and I really do like ethereum a lot and believe it will be successful. \n\nWhen Charles came on the screen today in the update, I knew. In my opinion, this is some of the largest news in the crpyto space, almost ever, aside from the creation of BItcoin, Ethereum, and some of the large scams. \n\nWhat do you guys think? Am I little too excited? Or is this truly as large as it seems for Cardano?", 'https://www.reddit.com/r/cardano/comments/gsk770/what_the_long_awaited_shelley_announcement_means/', 'gsk770', [['u/Codge1', 36, '2020-05-29 04:48', 'https://www.reddit.com/r/cardano/comments/gsk770/what_the_long_awaited_shelley_announcement_means/fs5re79/', "I'm right there with you mate. For as shitty as 2020 has been, Shelley being released soon is the best news. Extremely excited to see where we go!", 'gsk770'], ['u/CryptoKid3', 10, '2020-05-29 05:15', 'https://www.reddit.com/r/cardano/comments/gsk770/what_the_long_awaited_shelley_announcement_means/fs5u5uh/', 'So amazing to see a technology built by brilliant people for the intention of the people. This is bigger than business, this is world changing over the course of time, and thats why I have always loved it... You dont leave ETHEREUM for nothing...I dont care what anyone says, but Ive worked with some genius people who just didnt fit into the environment so it didnt work out, but they ended up being right about everything they argued about over time. Its an amazing example ive seen over the same amount of time ive been in this space', 'gsk770'], ['u/Kruresta88', 10, '2020-05-29 05:31', 'https://www.reddit.com/r/cardano/comments/gsk770/what_the_long_awaited_shelley_announcement_means/fs5vn1w/', 'Still think the market will be like the last, smh. It’s obvious the cycle is longer, extend it by a year, mate. No market cycle repeats the last cycle. Just look at the 10 year history of bitcoin. It’s always longer by a year. End of 2022 will be the top. This is a good thing. It gives cardano time for adoption and developers to come on board. Once this happens the price will appreciate more than what people anticipate.', 'gsk770'], ['u/leroooyyyyyyjenkins', 15, '2020-05-29 06:43', 'https://www.reddit.com/r/cardano/comments/gsk770/what_the_long_awaited_shelley_announcement_means/fs628av/', 'hope everyone is in it for the long haul. doesnt matter what network you are in. the road will be one hell of a ride but overall we are all in this together. i own no cardano but i like when others are rewarded for their faith and conviction. we are still so early and i can tell you that almost all of the major networks are going to go on and do great things. no one will rule them all and thats how it should be.', 'gsk770']]], ['u/AutoModerator', '[Daily Discussion] Friday, May 29, 2020', 43, '2020-05-29 06:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/gslmu1/daily_discussion_friday_may_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 & 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/gslmu1/daily_discussion_friday_may_29_2020/', 'gslmu1', [['u/youngchriii', 15, '2020-05-29 06:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/gslmu1/daily_discussion_friday_may_29_2020/fs5zamf/', 'Bitcoin appears to be a lot less volatile than usual and it seems this has most folks uneasy', 'gslmu1'], ['u/CrypticallyDodge', 11, '2020-05-29 07:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/gslmu1/daily_discussion_friday_may_29_2020/fs63vxa/', 'Or less 🤷🏻', 'gslmu1'], ['u/Diydude8', 14, '2020-05-29 07:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/gslmu1/daily_discussion_friday_may_29_2020/fs66r9r/', 'Sell my bags to the new kids in 2022 at the top and rebuy the bottom a few years later. This is the four year crypto circle of life as it was done to me and those before me.', 'gslmu1'], ['u/Richyboy33', 16, '2020-05-29 08:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/gslmu1/daily_discussion_friday_may_29_2020/fs6c3qa/', "1. Break 10k\n2. Close a daily above it\n3. Break above said closed daily candle\n4. Stay above low of initial 10k break candle for roughly a week\n5. Then become bullish\n\nUntil then nothing has changed i'm afraid. Yep this is getting close to being another test of the ATH resistance line but until we break and close above it on a daily or weekly then abso... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85, 9771.49
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 fell by 1.68% on Friday. Partially reversing a 4.11% rally from Thursday, Bitcoin ended the day at $9,426.1.\nA mixed start to the day saw Bitcoin rise to an early morning intraday high $9,618.8 before hitting reverse.\nFalling short of the first major resistance level at $9,773.67, Bitcoin fell to a mid-afternoon intraday low $9,352.0.\nSteering clear of the first major support level at $9,261.57, Bitcoin recovered to $9,400 levels to limit the loss.\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 the 62% FIB of $10,034 to form a near-term bullish trend.\nAcross the rest of the majors, it was a mixed day for the majors on Friday.\nEthereum and Tezos bucked the trend on the day, with gains of 0.10% and 1.32% respectively.\nIt was a bearish day for the rest of the pack, however.\nStellar’s Lumen and Monero’s XMR fell by 2.20% and by 1.96% respectively to lead the way down.\nBitcoin Cash SV (-1.28%), Ripple’s XRP (-1.57%), and Tron’s TRX (-1.08%) weren’t far behind.\nBinance Coin (-0.53%), Bitcoin Cash ABC (-0.84%), Cardano’s ADA (-0.52%), EOS (-0.02%), and Litecoin (-0.63%) saw relatively modest losses.\nIn the current week, the crypto total market cap fell to an early Monday low $238.04bn before rising to an early Friday high $263.53bn. At the time of writing, the total market cap stood at $258.16bn.\nBitcoin’s dominance fell to a Monday low 66.38% before Thursday 69.54% spike. At the time of writing, Bitcoin’s dominance stood at 66.99%.\nAt the time of writing, Bitcoin was down by 0.44% to $9,384.6. A bearish start to the day saw Bitcoin fall from an early morning high $9,430.3 to a low $9,366.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nTron’s TRX bucked the trend at the time of writing, with a 0.09% gain.\nIt was a bearish start to the day for the rest of the pack, however, which joined Bitcoin in the red.\nTezos led the way early on, with a 0.99% loss.\nBitcoin would need to move through to $9,470 levels to bring the first major resistance level at $9,579.27 into play.\nSupport from the broader market would be needed, however, for Bitcoin to break back through to $9,500 levels.\nBarring a broad-based crypto rebound, resistance at $9,500 would likely leave Bitcoin short of the first major resistance level.\nIn the event of another extended crypto rally, the second major resistance level at $9,732.43 would likely come into play.\nFailure to move through to $9,470 levels could see Bitcoin fall deeper into the red.\nA fall back through the morning low $9,366.0 would bring the first major support level at $9,312.47 into play.\nBarring an extended crypto sell-off, however, Bitcoin should steer well clear of the second major support level at $9,198.83.\nThisarticlewas originally posted on FX Empire\n• Silver Price Forecast – Silver Markets Break Major Handle\n• EUR/USD Mid-Session Technical Analysis for May 29, 2020\n• S&P 500 Weekly Price Forecast – Stock Markets Reach Towards 3000\n• Gold Price Prediction – Prices Rise on Weak Chicago PMI report\n• EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 30/05/20\n• European Equities: A Month in Review – May 2020', 'Bitcoin fell by 1.68% on Friday. Partially reversing a 4.11% rally from Thursday, Bitcoin ended the day at $9,426.1. A mixed start to the day saw Bitcoin rise to an early morning intraday high $9,618.8 before hitting reverse. Falling short of the first major resistance level at $9,773.67, Bitcoin fell to a mid-afternoon intraday low $9,352.0. Steering clear of the first major support level at $9,261.57, Bitcoin recovered to $9,400 levels to limit the loss. 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 the 62% FIB of $10,034 to form a near-term bullish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day for the majors on Friday. Ethereum and Tezos bucked the trend on the day, with gains of 0.10% and 1.32% respectively. It was a bearish day for the rest of the pack, however. Stellar’s Lumen and Monero’s XMR fell by 2.20% and by 1.96% respectively to lead the way down. Bitcoin Cash SV (-1.28%), Ripple’s XRP (-1.57%), and Tron’s TRX (-1.08%) weren’t far behind. Binance Coin (-0.53%), Bitcoin Cash ABC (-0.84%), Cardano’s ADA (-0.52%), EOS (-0.02%), and Litecoin (-0.63%) saw relatively modest losses. In the current week, the crypto total market cap fell to an early Monday low $238.04bn before rising to an early Friday high $263.53bn. At the time of writing, the total market cap stood at $258.16bn. Bitcoin’s dominance fell to a Monday low 66.38% before Thursday 69.54% spike. At the time of writing, Bitcoin’s dominance stood at 66.99%. This Morning At the time of writing, Bitcoin was down by 0.44% to $9,384.6. A bearish start to the day saw Bitcoin fall from an early morning high $9,430.3 to a low $9,366.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Story continues Tron’s TRX bucked the trend at the time of writing, with a 0.09% gain. It was a bearish start to the day for the rest of the pack, however, which joined Bitcoin in the red. Tezos led the way early on, with a 0.99% loss. For the Bitcoin Day Ahead Bitcoin would need to move through to $9,470 levels to bring the first major resistance level at $9,579.27 into play. Support from the broader market would be needed, however, for Bitcoin to break back through to $9,500 levels. Barring a broad-based crypto rebound, resistance at $9,500 would likely leave Bitcoin short of the first major resistance level. In the event of another extended crypto rally, the second major resistance level at $9,732.43 would likely come into play. Failure to move through to $9,470 levels could see Bitcoin fall deeper into the red. A fall back through the morning low $9,366.0 would bring the first major support level at $9,312.47 into play. Barring an extended crypto sell-off, however, Bitcoin should steer well clear of the second major support level at $9,198.83. This article was originally posted on FX Empire More From FXEMPIRE: Silver Price Forecast – Silver Markets Break Major Handle EUR/USD Mid-Session Technical Analysis for May 29, 2020 S&P 500 Weekly Price Forecast – Stock Markets Reach Towards 3000 Gold Price Prediction – Prices Rise on Weak Chicago PMI report EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 30/05/20 European Equities: A Month in Review – May 2020', 'Quite a few traders have been discussing the recent rally ofBitcointo recently breach the $10,000 level on May 7, 2020.\xa0 This psychological price level is a major milestone for Bitcoin – even though the price has fallen into an extended Flag/Pennant formation since reaching the recent peak.\xa0 Many traders and speculators are expecting Bitcoin to rally alongside the precious metals sector as there appears to be a strong belief that Bitcoin aligns with precious metals well.\xa0 Our researchers attempted to put this assumption into a simple test and this is what we found.\nBitcoin appears to be similarly volatile in comparison to precious metals, although the overall trending of Bitcoin has been moderately lower since the peak levels in February 2020 whereas theGold/Silversectors have seen advancing price activity over the same span of time.\xa0 Precious metals rallied much quicker after the bottom near March 2020 whereas Bitcoin didn’t really begin to rally until late April 2020. Because of this disconnect in price association, we don’t believe Bitcoin is aligned with the precious metals segment.\nBitcoin doesn’t seem to be aligned with the price action of the Dow Jones either. Initially, after the peak in February 2020, the price alignment between Bitcoin and the DJI was almost in sync.\xa0 A broader price disconnect appears to be more evident in late April where Bitcoin rallied and theDow Jonesstayed rather flat.\xa0 Because of this shift in price alignment – we believe Bitcoin is not aligned with the Dow Jones well enough to derive any cross-market correlation.\nAdditionally, we attempted to compare Bitcoin to major consumer sectors (communications, staples, and utilities) to see if we could find any measurable correlation to these sectors in relation to Bitcoin price activity.\xa0 Again, the early price alignment of all of these seemed somewhat in-sync in the early downside price collapse in February 2020.\xa0 Yet that alignment quickly deteriorated in early March 2020 as Bitcoin prices collapsed and bottomed while the consumer sectors continued to trend a bit lower until after March 20, 2020.\xa0 The one thing we did notice is that the consumer sectors appear to be much less volatile than Bitcoin in both downside and upside price activity.\nLastly, we compared Bitcoin to the NASDAQ 100 and the Russell 2000 attempting to find any price correlation between these major market sectors.\xa0 Although the price correlation is not perfect, our researcher believes Bitcoin is moderately closely correlated to the Russell 200 more than any other symbol/sector we have attempted to analyze.\xa0 Many of the bigger, more prominent, upward, and downward price cycles/trends seems to align with the Russell 2000 price action (often within 1 or 2 days of the Bitcoin trends – if not immediately).\nFor example, the bottom/base near April 21 aligned almost perfectly between the two symbols, the rally starting near April 25 began 1 day apart on both symbols, the peak in price before a moderate selloff on March 26 happened on almost the same day for both symbols, the moderate upside peak before the big collapse on March 4 occurred only one day apart.\xa0 Even though there is a broad price volatility **Last 60 Days of Bitcoin's Closing Prices:** [6438.64, 6606.78, 6793.62, 6733.39, 6867.53, 6791.13, 7271.78, 7176.41, 7334.10, 7302.09, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-05-30 **Financial & Commodity Data:** - Gold Closing Price: $1736.90 - Crude Oil Closing Price: $35.49 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $174,975,117,559 - Hash Rate: 117392528.990488 - Transaction Count: 286046.0 - Unique Addresses: 556912.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.48 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: The game once known as MLB Crypto is getting a facelift by reducing its dependency on its underlying blockchain, Ethereum. Announced Tuesday, MLB Champions introduced a slew of new features while cutting the game’s in-app minting process for non-fungible tokens (NFTs). The update introduces a range of gameplay options but also adds more steps for creating unique digital items that can be traded outside of the game itself. Namely, the new version of the game moves the “minting” system off the mobile app to the MLB Champions website, according to the startup. Randy Saaf, CEO of Lucid Sight, the company behind the game, said the team will be launching an in-app marketplace with its own token in the near future. It will not accept ether (ETH) because of censorship concerns on app marketplaces. Related: Bitcoin’s Lightning Becomes Latest Protocol to Court Publishers With Micropayments Saaf said MLB Champions is one of the few blockchain-based games on Google Play due to a near shadowban of decentralized applications (dapps). “Crypto gaming is struggling right now,” Saaf said in a phone interview. “This is pretty new technology.” Instead, the app will move almost entirely to a custom-built “digital scarcity engine” to create artificial ownership limits in the game. The team built a MongoDB database that fit Lucid Sight’s focus as a gaming business, Saaf said. Lucid Sight also has limited-ownership items for purchase in other games such as its space title, Crypto Space Commander . Related: Opera’s Android Web Browser Adds Access to .Crypto Domains for 80M Users “The whole point of Scarcity Engine is to cover up the complexity of blockchain. If it looks like it isn’t blockchain, they have done a good job,” Lucid Sight investor Jonathan Sweig told CoinDesk in a private message. Digitally scarce sports That’s not to say digital scarcity as a concept hasn’t held up well for the startup. Rather, incorporating Ethereum as the game’s base layer proved too complex for onboarding new users, Saaf said. Fellow NFT startup Dapper Labs recently expressed similar sentiments with Ethereum and opted to move to a custom blockchain instead. For example, the old version of MLB Champions required users to download the app, go through an exchange to purchase ether (ETH) and move ETH into the game via MetaMask. The average user just wants to open his phone and play ball, Saaf said. Lucid Sight is not waiting around for scaling solutions to Ethereum’s slow transaction speeds either, he said. Moreover, other crypto platforms offer faster transactions but still face questions regarding censorship from tech giants like Google or Apple. Story continues Adoption “We all want massive adoption here. I think the way we do that is to add crypto in the game, but not for the sake of crypto,” Saaf said. The team decided a middle path – mixing traditional databases and blockchain together – was the best approach given the current gaming market. “Your average consumer needs a free-to-play version and it needs to be mobile-first,” Saaf said. See also: Tezos Co-Founder Turns to Gaming With ‘Hearthstone’ Competitor At the same time, players still have access to the Ethereum market itself, which has seen MLB Champions items that increase the odds of winning fetching tidy sums on third-party markets such as OpenSea . “[MLB Champions] is a rare blockchain game that is accessible for the mass audience on mobile devices while still providing benefits of digital ownership on Ethereum,” Lucid Sight co-founder Octavio Herrera said in an email. “Users will be able to play MLB Champions on their mobile phones and users who wish to can mint their MLBC Figures as NFTs on Ethereum and transact with others in our Marketplace or using other marketplaces that support NFTs.” Right now you can bid on players such as the Los Angeles Dodgers outfielder Mookie Betts or 2017 MLB MVP Jose Altuve for 0.25 ETH, or about $35. Lucid Sight announced a $6 million Series B in April 2019 from the likes of Salem Partners, Galaxy EOS VC Fund, Digital Currency Group, Breakaway Growth, Frontier Venture Capital and Animoca Brands. It originally raised $3.5 million in 2016 to focus on virtual reality gaming. Related Stories US, European Stocks Up but Crypto Traders Remain Cautious Why Polynomial Commitments Might Be a ‘Breakthrough’ for Ethereum 2.0 View comments... - Reddit Posts (Sample): [['u/rzymachiavelli', 'How to speed up confirmations?', 10, '2020-05-30 01:02', 'https://www.reddit.com/r/btc/comments/gt3aos/how_to_speed_up_confirmations/', 'Hi all,\n\nRecently started diversifying my BTC holdings with BCH. Noticed that confirmation times for BCH are extremely slow. Is this because there are less miners, and therefore less hash power? Is more miners the only way this gets sped up? How do miners convert from BTC to BCH?\n\nThanks everyone for the awesome community.', 'https://www.reddit.com/r/btc/comments/gt3aos/how_to_speed_up_confirmations/', 'gt3aos', [['u/whyison', 11, '2020-05-30 01:29', 'https://www.reddit.com/r/btc/comments/gt3aos/how_to_speed_up_confirmations/fs951ow/', 'Regardless of hashpower and number of miners, the average block times are 10 minutes. \n\nBCH blocktimes are being gamed a little bit, but hopefully as smarted difficulty adjustment algorithm will help.', 'gt3aos']]], ['u/inhodel', 'Anxious to see what my son will say to me.', 1128, '2020-05-30 01:57', 'https://www.reddit.com/r/Bitcoin/comments/gt45rg/anxious_to_see_what_my_son_will_say_to_me/', "BTC supporter here since 2014.\n\nWhen my son was 1 year old back in late 2016, I used up all his birthday money to buy bitcoin for him. Put it on a ledger and kept it away since. My wife told me to sell at $5000, at $10000 and $18000, but i hold it ever since, now she already know I will keep my promise to just give it to him when it is time (probably not at 18, because most youngsters are still retarded at that age)\n\nAnyway, I am so anxious to see his reaction when I tell him he has a certain amount of btc :D and that his 'old fashioned' dad was good for something :P\n\nI hope it will make him instantly financially stable/independent. Or maybe I will get to hear why I didn't sold at $18000 back in 2017! You should have listened to mum!\n\n​\n\n​\n\n# Wow what crazy karma post :) thanks people. I try to answer some questions that were asked. !\n\n​", 'https://www.reddit.com/r/Bitcoin/comments/gt45rg/anxious_to_see_what_my_son_will_say_to_me/', 'gt45rg', [['u/TheGreatFadoodler', 20, '2020-05-30 02:03', 'https://www.reddit.com/r/Bitcoin/comments/gt45rg/anxious_to_see_what_my_son_will_say_to_me/fs98n12/', 'I know a guy who did this. He bought a full bitcoin for each of his kids back in 2016. I wish my parents would have done that for me but Bitcoin didn’t exist when I was young', 'gt45rg'], ['u/castorfromtheva', 13, '2020-05-30 02:06', 'https://www.reddit.com/r/Bitcoin/comments/gt45rg/anxious_to_see_what_my_son_will_say_to_me/fs9903y/', "You will go down in history as one of the greatest dads on earth. You are a true bitcoiner and I heavily doubt you and your family will ever regret your decisions. It's a pleasure hodling on with you and your son!", 'gt45rg'], ['u/MostBoringStan', 52, '2020-05-30 02:07', 'https://www.reddit.com/r/Bitcoin/comments/gt45rg/anxious_to_see_what_my_son_will_say_to_me/fs9923l/', 'Good plan to not give it to him at 18. While I was a mostly responsible 18 year old, I still would have wasted a bunch of money if I was handed tens of thousands of dollars. \n\nMaybe hold onto it until a point where he will want to buy a house and give it to him as a down payment. It could be a great thing for him if he thinks he can only afford to rent and then you can hand him a down payment for a house and now he can afford that mortgage.', 'gt45rg'], ['u/PaganiHuayra86', 308, '2020-05-30 02:53', 'https://www.reddit.com/r/Bitcoin/comments/gt45rg/anxious_to_see_what_my_son_will_say_to_me/fs9dvk1/', "Hopefully by the time your son is 18, we'll be past this ridiculous phase of history where higher education costs an arm and a leg. Heck, he might be able to use the money to buy or start his own business.", 'gt45rg'], ['u/JeremyLinForever', 17, '2020-05-30 03:21', 'https://www.reddit.com/r/Bitcoin/comments/gt45rg/anxious_to_see_what_my_son_will_say_to_me/fs9gmvk/', 'Upvote first most 18 year olds are retarded at that age hahaha. I agree!', 'gt45rg'], ['u/BlastCorporation', 128, '2020-05-30 03:21', 'https://www.reddit.com/r/Bitcoin/comments/gt45rg/anxious_to_see_what_my_son_will_say_to_me/fs9gns6/', 'Do not give him anything until age 30. By then the hookers and blow gets kind of old and he will start thinking more with the big head', 'gt45rg'], ['u/Terrabellus', 15, '2020-05-30 03:51', 'https://www.reddit.com/r/Bitcoin/comments/gt45rg/anxious_to_see_what_my_son_will_say_to_me/fs9jnpy/', "Give him 20% at 18 without letting on there's more. If he uses it wisely you can give the rest to him proudly a couple of years later. If he pisses it up the wall you can consider 30% payment for having to put up with such a numpty and the remaining 50% a gift for if he ever gets his act together.", 'gt45rg'], ['u/blastshielddown', 10, '2020-05-30 03:54', 'https://www.reddit.com/r/Bitcoin/comments/gt45rg/anxious_to_see_what_my_son_will_say_to_me/fs9jzz5/', '$18k would not be worth that much by the time he turned 18 anyway. You need not regret', 'gt45rg'], ['u/funkopolis', 58, '2020-05-30 04:00', 'https://www.reddit.com/r/Bitcoin/comments/gt45rg/anxious_to_see_what_my_son_will_say_to_me/fs9kip7/', "Your 30's were different from mine.", 'gt45rg'], ['u/[deleted]', 114, '2020-05-30 04:30', 'https://www.reddit.com/r/Bitcoin/comments/gt45rg/anxious_to_see_what_my_son_will_say_to_me/fs9nem6/', "We're already past this ridiculous phase. Education is accessible. People pay the high price for a worthless piece of paper.\n\nJust like with fiat money.", 'gt45rg'], ['u/IJustSayOof', 57, '2020-05-30 05:06', 'https://www.reddit.com/r/Bitcoin/comments/gt45rg/anxious_to_see_what_my_son_will_say_to_me/fs9qtjs/', 'Except the worthless piece of paper helps establish a future when you finally get it. I realize what you’re saying, but the argument just isn’t valid. The only people that get hired for well-paying jobs without a degree are prodigies, not the average Joe.\n\nElectricians, plumbers, and other trade workers are exceptions. I was talking about business people or something along those lines.', 'gt45rg'], ['u/Gucas_Lolsvig', 31, '2020-05-30 05:13', 'https://www.reddit.com/r/Bitcoin/comments/gt45rg/anxious_to_see_what_my_son_will_say_to_me/fs9rgnk/', 'Can confirm 18 year olds are still retarded. I got $25,000 of settlement money when I turned 18, had a rather gold diggin’ GF at the time and was broke again in 2.5 months. Was a fun summer, but not $25K-fun.', 'gt45rg'], ['u/Michael12390', 10, '2020-05-30 05:21', 'https://www.reddit.com/r/Bitcoin/comments/gt45rg/anxious_to_see_what_my_son_will_say_to_me/fs9s73j/', "I think that's part of the problem. That employers only believe that people with a degree are qualified. Maybe it's because so many people today go to college that the value of a degree has become so worthless that it becomes necessary to get a job?", 'gt45rg'], ['u/Just_Me_91', 19, '2020-05-30 05:26', 'https://www.reddit.com/r/Bitcoin/comments/gt45rg/anxious_to_see_what_my_son_will_say_to_me/fs9so04/', "I've always said that a degree is like a ticket to a job interview. Not always, but that's pretty much all it's good for.", 'gt45rg'], ['u/cringe_master_5000', 19, '2020-05-30 05:28', 'https://www.reddit.com/r/Bitcoin/comments/gt45rg/anxious_to_see_what_my_son_will_say_to_me/fs9sx4k/', "This might be silly, but what's stopping most Americans from going abroad to get a degree? Would cost far, far less, you'd get world travel experience - meshing with different cultures, and it's a nice vacation. Can spend plenty of money on flights to and from America to visit family without it being more expensive than a $40k+ US degree.", 'gt45rg'], ['u/temp_plus', 232, '2020-05-30 05:33', 'https://www.reddit.com/r/Bitcoin/comments/gt45rg/anxious_to_see_what_my_son_will_say_to_me/fs9tb62/', "If the price of Bitcoin goes super-saiyan, don't tell him you own it. My cousins fell into the trap of doing nothing in life because they're waiting for their parent's inheritance (worth millions). They both live dirt poor with rich retired parents.", 'gt45rg'], ['u/ojedaforpresident', 18, '2020-05-30 05:39', 'https://www.reddit.com/r/Bitcoin/comments/gt45rg/anxious_to_see_what_my_son_will_say_to_me/fs9tvd8/', "That's a gross oversimplification of the experience I had in college. The college experience is something money can't buy. Then again, I didn't pay much since I went to college in Europe.", 'gt45rg'], ['u/coinminingrig', 32, '2020-05-30 05:39', 'https://www.reddit.com/r/Bitcoin/comments/gt45rg/anxious_to_see_what_my_son_will_say_to_me/fs9tvej/', 'In 18 years a house will be a downpayment for a bitcoin', 'gt45rg'], ['u/PlzDmMe', 11, '2020-05-30 05:40', 'https://www.reddit.com/r/Bitcoin/comments/gt45rg/anxious_to_see_what_my_son_will_say_to_me/fs9tyr6/', 'Or kindly teach him responsibility:)', 'gt45rg'], ['u/WeedAndLsd', 30, '2020-05-30 05:52', 'https://www.reddit.com/r/Bitcoin/comments/gt45rg/anxious_to_see_what_my_son_will_say_to_me/fs9v1nv/', "I really hope that's true, coming from a 20s something hooker and blow fan", 'gt45rg'], ['u/[deleted]', 53, '2020-05-30 06:05', 'https://www.reddit.com/r/Bitcoin/comments/gt45rg/anxious_to_see_what_my_son_will_say_to_me/fs9wa29/', 'I was gonna go to study my bachelor\'s in Germany because it\'s basically free, my mom was on board with it. My dad said it would be too expensive "how will you pay for the flights, or your apartment?". Now im $100,000 in debt at graduation and my dad blames me for not going to community college. So your answer is basically: Stupidity', 'gt45rg'], ['u/SamBroGaming', 11, '2020-05-30 06:14', 'https://www.reddit.com/r/Bitcoin/comments/gt45rg/anxious_to_see_what_my_son_will_say_to_me/fs9x29a/', 'Well to go to University in Germany, you have to have be B2 level in German', 'gt45rg'], ['u/EdwardDupont', 13, '2020-05-30 06:23', 'https://www.reddit.com/r/Bitcoin/comments/gt45rg/anxious_to_see_what_my_son_will_say_to_me/fs9xun9/', "Yeah. Exactly. \n\nTell him to not... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85, 9771.49, 9795.70
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Bitcoin rose by 2.98% on Saturday. Partially reversing a 1.68% fall from Friday, Bitcoin ended the day at $9,706.4. A mixed start to the day saw Bitcoin fall to an early morning intraday low $9,323.3 before finding support. Steering clear of the first major support level at $9,312.47, Bitcoin struck a mid-morning high $9,618.8 before hitting reverse. Bitcoin broke through the first major resistance level at $9,579.27 before falling back to sub-$9,500 levels and into the red. Finding late support from the broader market, Bitcoin bounced back to a late intraday high $9,750.0. Bitcoin broke back through the first major resistance level before easing back. The second major resistance level at $9,732.43 pinned Bitcoin back late in 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 the 62% FIB of $10,034 to form a near-term bullish trend. The Rest of the Pack Across the rest of the majors, it was a bullish day for the majors on Saturday. Cardano’s ADA and Ethereum surged by 18.80% and by 10.56% to lead the way on the day. Bitcoin Cash ABC (+6.82%), Bitcoin Cash SV (+6.58%), EOS (+5.93%), Litecoin (+7.30%), Stellar’s Lumen (+7.81%), Tron’s TRX (+9.26%) also made solid gains. Binance Coin (+4.35%), Monero’s XMR (+3.64%), Ripple’s XRP (+4.83%), and Tezos (+1.82%) trailed the front runners. In the current week, the crypto total market cap fell to an early Monday low $238.04bn before rising to a late Saturday high $272.67bn. At the time of writing, the total market cap stood at $268.41bn. Bitcoin’s dominance saw a Thursday 69.54% spike before sliding to a Saturday current week low 65.81%. At the time of writing, Bitcoin’s dominance stood at 66.11%. This Morning At the time of writing, Bitcoin was down by 0.54% to $9,654.2. A bearish start to the day saw Bitcoin fall from an early morning high $9,707.2 to a low $9,654.2 Story continues Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Ethereum was up by 0.16% at the time of writing to buck the trend early on. It was a bearish start for the rest, however, with Stellar’s Lumen falling by 1.43% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to avoid sub-$9,600 levels to bring the first major resistance level at $9,863.17 into play. Support from the broader market would be needed, however, for Bitcoin to break out from Saturday’s high $9,750.0. Barring another broad-based crypto rebound, the first major resistance level would likely cap any upside. In the event of another extended crypto rally, the second major resistance level at $10,019.93 and 62% FIB of $10,034 could come into play. Failure to avoid sub-$9,600 levels could see Bitcoin fall deeper into the red. A fall back through the morning low $9,654.2 to sub-$9,600 levels would bring the first major support level at $9,436.47 into play. Barring an extended crypto sell-off, however, Bitcoin should steer well clear of sub-$9,400 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 – Pivot into Close is 2984.50; Seeing Trump Bounce U.S Mortgage Rates Fall to a New All-time Low U.S. Dollar Index (DX) Futures Technical Analysis – Plenty of Room to Downside Under 98.130 Natural Gas Price Prediction – Prices Hold Support as Rig Count Fales European Equities: A Month in Review – May 2020 US Stock Market Overview – Stocks Whipsaw and Close Mixed Despite Mixed Economic Data', 'Bitcoin rose by 2.98% on Saturday. Partially reversing a 1.68% fall from Friday, Bitcoin ended the day at $9,706.4. A mixed start to the day saw Bitcoin fall to an early morning intraday low $9,323.3 before finding support. Steering clear of the first major support level at $9,312.47, Bitcoin struck a mid-morning high $9,618.8 before hitting reverse. Bitcoin broke through the first major resistance level at $9,579.27 before falling back to sub-$9,500 levels and into the red. Finding late support from the broader market, Bitcoin bounced back to a late intraday high $9,750.0. Bitcoin broke back through the first major resistance level before easing back. The second major resistance level at $9,732.43 pinned Bitcoin back late in 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 the 62% FIB of $10,034 to form a near-term bullish trend. The Rest of the Pack Across the rest of the majors, it was a bullish day for the majors on Saturday. Cardano’s ADA and Ethereum surged by 18.80% and by 10.56% to lead the way on the day. Bitcoin Cash ABC (+6.82%), Bitcoin Cash SV (+6.58%), EOS (+5.93%), Litecoin (+7.30%), Stellar’s Lumen (+7.81%), Tron’s TRX (+9.26%) also made solid gains. Binance Coin (+4.35%), Monero’s XMR (+3.64%), Ripple’s XRP (+4.83%), and Tezos (+1.82%) trailed the front runners. In the current week, the crypto total market cap fell to an early Monday low $238.04bn before rising to a late Saturday high $272.67bn. At the time of writing, the total market cap stood at $268.41bn. Bitcoin’s dominance saw a Thursday 69.54% spike before sliding to a Saturday current week low 65.81%. At the time of writing, Bitcoin’s dominance stood at 66.11%. This Morning At the time of writing, Bitcoin was down by 0.54% to $9,654.2. A bearish start to the day saw Bitcoin fall from an early morning high $9,707.2 to a low $9,654.2 Story continues Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Ethereum was up by 0.16% at the time of writing to buck the trend early on. It was a bearish start for the rest, however, with Stellar’s Lumen falling by 1.43% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to avoid sub-$9,600 levels to bring the first major resistance level at $9,863.17 into play. Support from the broader market would be needed, however, for Bitcoin to break out from Saturday’s high $9,750.0. Barring another broad-based crypto rebound, the first major resistance level would likely cap any upside. In the event of another extended crypto rally, the second major resistance level at $10,019.93 and 62% FIB of $10,034 could come into play. Failure to avoid sub-$9,600 levels could see Bitcoin fall deeper into the red. A fall back through the morning low $9,654.2 to sub-$9,600 levels would bring the first major support level at $9,436.47 into play. Barring an extended crypto sell-off, however, Bitcoin should steer well clear of sub-$9,400 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 – Pivot into Close is 2984.50; Seeing Trump Bounce U.S Mortgage Rates Fall to a New All-time Low U.S. Dollar Index (DX) Futures Technical Analysis – Plenty of Room to Downside Under 98.130 Natural Gas Price Prediction – Prices Hold Support as Rig Count Fales European Equities: A Month in Review – May 2020 US Stock Market Overview – Stocks Whipsaw and Close Mixed Despite Mixed Economic Data', 'The New Zealand Dollar posted a volatile two-sided trade on Friday before closing lower for the session. The kiwi hit its highest level since March 12 early in the session before drifting lower as traders cautiously awaited an important press conference by U.S. President Donald Trump on the U.S. response to a Chinese national security law for Hong Kong and its potential impact on an already fragile global economy . The Kiwi tried to mount a late session rally in conjunction with a surge in demand for U.S. equities after President Trump signaled no changes to the trade deal with China despite rising tensions, however, the buying stalled and the currency inched lower for the session. Although Trump did not indicate the U.S. would pull out of the Phase One trade agreement reached with China earlier this year, easing trader concerns for the time being. On Friday, the NZD/USD settled at .6207, down 0.0005 or -0.08%. Daily NZD/USD Daily Swing Chart Technical Analysis The main trend is up according to the daily swing chart. However, Friday’s slightly lower close may be an early sign that momentum may be getting ready to shift to the downside. A trade through .6240 will signal a resumption of the uptrend. The main trend will change to down on a move through the nearest main bottom at .5921. The main range is .6448 to .5469. Its retracement zone at .6074 to .5858 is controlling the longer-term direction of the NZD/USD. Holding above this zone will support the upside bias. Its Fibonacci level at .6074 is the nearest support level. Short-Term Forecast The NZD/USD is in no position to change the main trend to down, but there is room for a near-term correction into .6074. Taking out Friday’s low at .6170 will be the first sign of weakness. This move will also make .6240 a new minor top. The trigger point for a potential acceleration to the downside is the May 27 low at .6149. Taking out .6240 will signal a resumption of the uptrend. If this move is able to generate enough upside momentum then we could see an eventual test of the March 9 main top at .6448. Story continues For a look at all of today’s economic events, check out our economic calendar . This article was originally posted on FX Empire More From FXEMPIRE: EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 31/05/20 Breakouts Need Confirmation EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 30/05/20 The Week Ahead – Stats, Geopolitics, and Central Banks to Test the Markets The Crypto Daily – Movers and Shakers -30/05/20 Comparing Bitcoin to Other Sectors – Risk vs. Value', 'The New Zealand Dollar posted a volatile two-sided trade on Friday before closing lower for the session. The kiwi hit its highest level s **Last 60 Days of Bitcoin's Closing Prices:** [6606.78, 6793.62, 6733.39, 6867.53, 6791.13, 7271.78, 7176.41, 7334.10, 7302.09, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-05-31 **Financial & Commodity Data:** - Gold Closing Price: $1736.90 - Crude Oil Closing Price: $35.49 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $174,757,686,141 - Hash Rate: 112877431.721623 - Transaction Count: 258427.0 - Unique Addresses: 495162.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.51 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin Cash has failed to break above the daily 200 moving average in spite of a wider rally across the cryptocurrency market. While Bitcoin and Ethereum both enjoyed staggering surges to the upside, Bitcoin Cash struggled to make progress after suffering a brutal rejection 200MA. Even though it momentarily rallied to $276 Bitcoin Cash soon lost momentum before falling back down to the $255 level of support. The failure to form a crucial lower high signals a distinct lack of optimism from investors and traders, with the potential of a correction now becoming increasingly likely. Downside price targets continue to emerge at both $238 and $200, although a re-test of the low at $142 may also come into fruition if Bitcoin Cash continues to struggle on lower time frames. When compared against its BTC trading pair BCH is 40.68% down since February 14 which demonstrates how far it has fallen in such a small space of time. In order for Bitcoin Cash to invalidate its bearish forecast it needs to begin closing daily candles above the daily 200MA, which is currently in confluence with the $269 level of resistance. Following on from that it would need to trade back above $282 as this was the point the sell-off began in early March. For more news, guides and cryptocurrency analysis, click here . 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: https://coinrivet.com/roger-ver-to-launch-crypto-exchange-on-bitcoin-com/ As with any investment, it pays to do some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. This page is not recommending a particular currency or whether you should invest or not. You may be interested in our range of cryptocurrency guides along with the latest cryptocurrency news .... - Reddit Posts (Sample): 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.
10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85, 9771.49, 9795.70, 9870.09
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 fell by 2.64% on Sunday. Reversing a 2.98% gain from Saturday, Bitcoin ended week up by 8.51% to $9,451.1. The weekly gain contributed to a 9.51% rise in May. A bearish start to the day saw Bitcoin slide from an early morning intraday high $9,707.2 to a late morning low $9,487.4. Steering clear of the major support levels, Bitcoin briefly recovered to $9,640 levels before hitting reverse. The reversal saw Bitcoin fall through the first major support level at $9,436.47 to a final hour intraday low $9,405.3. Finding late support, Bitcoin broke back through the first major support level to wrap up the day at $9,450 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 the 62% FIB of $10,034 to form a near-term bullish trend. The Rest of the Pack Across the rest of the majors, it was a bearish day for the majors on Sunday. Bitcoin Cash ABC (-4.95%), Bitcoin Cash SV (-5.40%), Cardano’s ADA (-4.02%), Ethereum (-5.05%), Litecoin (-4.48%), Monero’ XMR (-4.53%), and Tezos (-4.12%) led the way down. Binance Coin (-3.72%), Ripple’s XRP (-2.22%), Stellar’s Lumen (-2.61%), and Tron’s TRX (-2.99%) weren’t far behind. It was a bullish final week of the month for the crypto majors, however. Cardano’s ADA surged by 44% to lead the way. Ethereum (+15.98%), Stellar’s Lumen (+10.59%), and Tron’s TRX (+12.15%) also found strong support. Binance Coin (+7.02%), Bitcoin Cash ABC (+7.53%), EOS (+7.59%), Litecoin (+8.37%), Monero’s XMR (+7.69%) weren’t far behind. Bitcoin Cash SV (+3.46%), Ripple’s XRP (+5.20%), and Tezos (+6.23%) trailed the front runners in the week. In spite of the bullish week, it was a mixed month for the majors in May. Cardano’s ADA led the way, surging by 55.35%. Binance Coin (+0.71%), Ethereum (+12.28%), Monero’s XMR (+4.52%), Stellar’s Lumen (+3.37%), Tezos (+1.75%), and Tron’s TRX (4.11%) also joined Bitcoin in the green. Story continues Bitcoin Cash ABC (-5.43%), Bitcoin Cash SV (-7.60%), EOS (-5.39%), Litecoin (-1.70%), and Ripple’s XRP (-4.31%) saw red, however. In the week, the crypto total market cap fell to an early Monday low $238.04bn before rising to a late Saturday high $271.33bn. At the time of writing, the total market cap stood at $263.07bn. Bitcoin’s dominance saw a Thursday 69.54% spike before sliding to a Saturday week low 65.95%. At the time of writing, Bitcoin’s dominance stood at 66.34%. This Morning At the time of writing, Bitcoin was up by 0.39% to $9,488.0. A mixed start to the day saw Bitcoin fall to an early morning low $9,421.8 before striking a high $9,489.8 Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a bullish start to the day. Cardano’s ADA led the way, rising by 4.17%. For the Bitcoin Day Ahead Bitcoin would need to move through $9,520 levels to bring the first major resistance level at $9,637.1 into play. Support from the broader market would be needed, however, for Bitcoin to break out from $9,500 levels. Barring another broad-based crypto rally, the first major resistance level would likely cap any upside. In the event of another extended crypto rally, the second major resistance level at $9,823.1 could come into play. Failure to move through to $9,520 levels could see Bitcoin hit reverse. A fall back through the morning low $9,421.8 would bring the first major support level at $9,335.2 into play. Barring an extended crypto sell-off, however, Bitcoin should steer well clear of sub-$9,300 levels on the day. This article was originally posted on FX Empire More From FXEMPIRE: Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – 01/06/20 Crude Oil Price Update – Ready to Challenge Major Retracement Zone, Price Gap EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 31/05/20 Oil Price Fundamental Weekly Forecast – Traders Eyeing Russia’s Response to Output Cut Extension U.S Mortgage Rates Fall to a New All-time Low USD/JPY Fundamental Weekly Forecast – Lack of Movement in Yields Holding Prices in a Range', 'Bitcoin fell by 2.64% on Sunday. Reversing a 2.98% gain from Saturday, Bitcoin ended week up by 8.51% to $9,451.1. The weekly gain contributed to a 9.51% rise in May.\nA bearish start to the day saw Bitcoin slide from an early morning intraday high $9,707.2 to a late morning low $9,487.4.\nSteering clear of the major support levels, Bitcoin briefly recovered to $9,640 levels before hitting reverse.\nThe reversal saw Bitcoin fall through the first major support level at $9,436.47 to a final hour intraday low $9,405.3.\nFinding late support, Bitcoin broke back through the first major support level to wrap up the day at $9,450 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 the 62% FIB of $10,034 to form a near-term bullish trend.\nAcross the rest of the majors, it was a bearish day for the majors on Sunday.\nBitcoin Cash ABC (-4.95%), Bitcoin Cash SV (-5.40%), Cardano’s ADA (-4.02%), Ethereum (-5.05%), Litecoin (-4.48%), Monero’ XMR (-4.53%), and Tezos (-4.12%) led the way down.\nBinance Coin (-3.72%), Ripple’s XRP (-2.22%), Stellar’s Lumen (-2.61%), and Tron’s TRX (-2.99%) weren’t far behind.\nIt was a bullish final week of the month for the crypto majors, however.\nCardano’s ADA surged by 44% to lead the way.\nEthereum (+15.98%), Stellar’s Lumen (+10.59%), and Tron’s TRX (+12.15%) also found strong support.\nBinance Coin (+7.02%), Bitcoin Cash ABC (+7.53%), EOS (+7.59%), Litecoin (+8.37%), Monero’s XMR (+7.69%) weren’t far behind.\nBitcoin Cash SV (+3.46%), Ripple’s XRP (+5.20%), and Tezos (+6.23%) trailed the front runners in the week.\nIn spite of the bullish week, it was a mixed month for the majors in May.\nCardano’s ADA led the way, surging by 55.35%.\nBinance Coin (+0.71%), Ethereum (+12.28%), Monero’s XMR (+4.52%), Stellar’s Lumen (+3.37%), Tezos (+1.75%), and Tron’s TRX (4.11%) also joined Bitcoin in the green.\nBitcoin Cash ABC (-5.43%), Bitcoin Cash SV (-7.60%), EOS (-5.39%), Litecoin (-1.70%), and Ripple’s XRP (-4.31%) saw red, however.\nIn the week, the crypto total market cap fell to an early Monday low $238.04bn before rising to a late Saturday high $271.33bn. At the time of writing, the total market cap stood at $263.07bn.\nBitcoin’s dominance saw a Thursday 69.54% spike before sliding to a Saturday week low 65.95%. At the time of writing, Bitcoin’s dominance stood at 66.34%.\nAt the time of writing, Bitcoin was up by 0.39% to $9,488.0. A mixed start to the day saw Bitcoin fall to an early morning low $9,421.8 before striking a high $9,489.8\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a bullish start to the day.\nCardano’s ADA led the way, rising by 4.17%.\nBitcoin would need to move through $9,520 levels to bring the first major resistance level at $9,637.1 into play.\nSupport from the broader market would be needed, however, for Bitcoin to break out from $9,500 levels.\nBarring another broad-based crypto rally, the first major resistance level would likely cap any upside.\nIn the event of another extended crypto rally, the second major resistance level at $9,823.1 could come into play.\nFailure to move through to $9,520 levels could see Bitcoin hit reverse.\nA fall back through the morning low $9,421.8 would bring the first major support level at $9,335.2 into play.\nBarring an extended crypto sell-off, however, Bitcoin should steer well clear of sub-$9,300 levels on the day.\nThisarticlewas originally posted on FX Empire\n• Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – 01/06/20\n• Crude Oil Price Update – Ready to Challenge Major Retracement Zone, Price Gap\n• EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 31/05/20\n• Oil Price Fundamental Weekly Forecast – Traders Eyeing Russia’s Response to Output Cut Extension\n• U.S Mortgage Rates Fall to a New All-time Low\n• USD/JPY Fundamental Weekly Forecast – Lack of Movement in Yields Holding Prices in a Range', 'Beauty mogul Michelle Phan isn’t the only woman to notice similarities between makeup startups and crypto communities.\nBoth are dominated byinfluencer marketingwith products sold through direct-to-consumer (DTC) models and aggregated retail platforms like Amazon, Etsy or Shopify.\nIn emerging markets without direct access to Amazon, Lebanese bitcoiner Michel Haber said grassroots traders often fill the role of educating clients and helping them procure their first wallets. Social media accounts and chat groups become ad hoc retail networks.\nRead more:Michelle Phan: The Beauty of Bitcoin\nWhen it comes to grassroots distribution strategies, few mainstream industries offer a better precedent for the nascent cryptocurrency space than small beauty businesses, according to decentralized finance (DeFi) user and skincare aficionado María Paula Fernandez.\nIn both startup sectors, users are encouraged to do their own research rather than trust traditional tastemakers like magazines.\n“I think DeFi and indie/new beauty [entrepreneurs] are very similar in this regard … bringing power to the people, generating opportunities,” she said. “There is no harm in learning about what’s in your beauty products. … It benefited consumers as well, as some of them can become influencers and broadcast their knowledge for compensation.”\nRelated:Crypto Influencers Are Following the Beauty Playbook – Even if They Don’t Know It\nLikewise, Fernandez said, she now looks for beauty products and crypto tools in similar ways. She builds up her own expertise, learning together with loved ones who work in the skincare industry, while also following influencers with professional experience in the field. So far, in the crypto industry, hardware wallet sellers predominantly rely on digital word-of-mouth. Much lik **Last 60 Days of Bitcoin's Closing Prices:** [6793.62, 6733.39, 6867.53, 6791.13, 7271.78, 7176.41, 7334.10, 7302.09, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-06-01 **Financial & Commodity Data:** - Gold Closing Price: $1737.80 - Crude Oil Closing Price: $35.44 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $174,757,686,141 - Hash Rate: 100837172.337984 - Transaction Count: 308312.0 - Unique Addresses: 623944.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.50 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Investing.com - Bitcoin was trading at $6,876.8 by 12:20 (16:20 GMT) on the Investing.com Index on Thursday, up 10.01% on the day. It was the largest one-day percentage gain since March 23. The move upwards pushed Bitcoin's market cap up to $124.9B, 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 $6,567.9 to $6,882.9 in the previous twenty-four hours. Over the past seven days, Bitcoin has seen a rise in value, as it gained 2.62%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $43.0B or 0.00% of the total volume of all cryptocurrencies. It has traded in a range of $5,872.5044 to $6,882.9121 in the past 7 days. At its current price, Bitcoin is still down 65.39% from its all-time high of $19,870.62 set on December 17, 2017. Ethereum was last at $141.52 on the Investing.com Index, up 7.29% on the day. XRP was trading at $0.17999 on the Investing.com Index, a gain of 6.11%. Ethereum's market cap was last at $15.6B or 0.00% of the total cryptocurrency market cap, while XRP's market cap totaled $7.9B or 0.00% of the total cryptocurrency market value. Related Articles EOS Dips Below 2.2769 Level, Down 4% Crypto exchange Binance to buy data website CoinMarketCap FATF Report: US Is Not Focusing Enough on Crypto Financial Risk... - Reddit Posts (Sample): [['u/FaidrosE', 'Purism CEO Todd Weaver co-author of upcoming book together with Richard Stallman, Nadine Strossen and others', 50, '2020-06-01 01:01', 'https://www.reddit.com/r/Purism/comments/gu8z2p/purism_ceo_todd_weaver_coauthor_of_upcoming_book/', 'This was interesting, about the controversy around Richard Stallman that led to him resigning from the FSF:\n\n[https://www.wetheweb.org/post/cancel-we-the-web](https://www.wetheweb.org/post/cancel-we-the-web)\n\nThe coming book "***System Override: How Bitcoin, Blockchain, Free Speech & Free Tech Can Change Everything***" mentioned there apparently has both Stallman and Purism\'s Todd Weaver on the author list:\n\n[https://www.wetheweb.org/post/about-the-book](https://www.wetheweb.org/post/about-the-book)\n\n>Learn how your devices are used against you and free alternatives from the founder of the free software movement and GNU, Richard Stallman, and privacy-focused CEO of Purism, Todd Weaver.\n\nHere it looks like the book is to be published in September:\n\n[https://www.amazon.com/System-Override-Bitcoin-Blockchain-Everything-ebook/dp/B088813W38/](https://www.amazon.com/System-Override-Bitcoin-Blockchain-Everything-ebook/dp/B088813W38/)\n\nEdit: September 1st: looks like the [https://www.wetheweb.org/](https://www.wetheweb.org/) page is down now. Here is another site that published what looks like the same text, "#Cancel We The Web?": [https://news.knowledia.com/US/en/articles/cancel-we-the-web-159e25524df449db08bf15601dadea8ba7e1e100](https://news.knowledia.com/US/en/articles/cancel-we-the-web-159e25524df449db08bf15601dadea8ba7e1e100)\n\nEdit 2: there is a Twitter account writing about the book: [https://twitter.com/TheDRNet1](https://twitter.com/TheDRNet1) \\-- maybe it is possible to reach [wetheweb.org](https://wetheweb.org) maintainers that way.\n\nEdit 3: here is an archived version of the original post: [https://web.archive.org/web/20200625110308/https://www.wetheweb.org/post/cancel-we-the-web](https://web.archive.org/web/20200625110308/https://www.wetheweb.org/post/cancel-we-the-web)\n\nEdit 4: September 7: Now [https://www.wetheweb.org/](https://www.wetheweb.org/) is up again.\n\nEdit 5: September 12: removed bad links from last edit. Now it seems all the original links are working again.', 'https://www.reddit.com/r/Purism/comments/gu8z2p/purism_ceo_todd_weaver_coauthor_of_upcoming_book/', 'gu8z2p', [['u/syntaxxx-error', 11, '2020-06-01 04:58', 'https://www.reddit.com/r/Purism/comments/gu8z2p/purism_ceo_todd_weaver_coauthor_of_upcoming_book/fshlkeh/', 'About time someone started to speak up for Stallman. That scummy crap those frauds did to him still makes my stomach turn thinking back on it. The gall that these jokers pretend they are proponents of freedom. grrr..', 'gu8z2p']]], ['u/doritoburrrito', 'June Event: Regions Rumble!', 17, '2020-06-01 06:00', 'https://www.reddit.com/r/pokemonmaxraids/comments/gudio9/june_event_regions_rumble/', "Hello /r/pokemonmaxraids, and welcome to the Regions Rumble subreddit and Discord event!\n\nIt was a time of peace and prosperity in the Pokémon world. Trainers from across the regions mingled together and traded harmoniously. Kanto welcomed their Sinnoh brethren, Kalos urged their Unova friends to visit, and all was well.\n\nThen, something mysterious happened: whispers, hushed tones, and furtive glances began between the regions. Suddenly, Hoenn enforced a trade embargo with Johto, Galar snubbed Alola, and a fresh rivalry began! No one knows exactly how it started, but two alliances emerged out of the mix: the Ochre Alliance and the Teal Alliance! \n\nPokémon and their trainers flocked together into these two competing factions. Kanto, Hoenn, Unova, and Alola united under an Ochre banner to seal their alliance to one another! Teal flags were raised for the citizens of Johto, Sinnoh, Kalos, and Galar! A new era of competition was born as regional pride grew and grew. \n\n###[](#0)\n|OCHRE ALLIANCE: Kanto, Hoenn, Unova, Alola|\n|-|\n\n#####[](#0)\n|TEAL ALLIANCE: Johto, Sinnoh, Kalos, Galar|\n|-|\n\nNow is the time for you to pick a side! For the month of June, you will be competing for the Ochre Alliance or Teal Alliance to earn points for your team. Select your favorite region, participate in the activities below, and fight to help your alliance claim victory!\n\n---\n\n###[](#0)\n|Your region and Alliance|\n|-|\n\nBy reacting to a message in [#sign-ups](https://discord.com/channels/645011176182251522/713803345944510484) in our [Discord server](https://discord.gg/vY2maG2), you will be able to pick a region and pledge loyalty to Ochre or Teal. Choose wisely, as you will not be allowed to switch!\n\n#####[](#0)\n|Earning points|\n|-|\n\nBy joining an alliance, you will start out with 1 point for your team. You can earn more points for your team by:\n\n* Participating in raids! Each Pokémon caught during the two Regions Rumble Raid (RRR) Weekends will award 1 point towards that Pokémon's alliance. So if you catch a Croagunk, that's a point for Teal! If you catch a Mimikyu, that's a point for Ochre!\n(Please do not advocate for *not* catching from one alliance or another to swing the points. Everyone should enjoy catching what they want to catch!)\n* Hosting raids! If you host during the two RRR Weekends, you can earn 100 points per weekend, for up to 200 points total.\n* Participating in our contests! Points awarded will vary per contest.\n* Answering trivia questions! Correct answers will earn up to 15 points per day (5 points per question).\n* Competing in the Battle Royale! Points will vary depending on final results.\n\n###[](#0)\n|Raids|\n|-|\n\nHosts will share Pokémon from their chosen region or any Pokémon native to their Alliance regions! There will be **two** weekends of hosting, so get ready for a region rocking romp! Hosts may choose to host on Weekend 1, Weekend 2, or both. \n\n[**Here**](https://docs.google.com/spreadsheets/d/1VUF--ea94pJqC-LjrVqJSEpvcS2yrU-wFEn8y9ChrwA/edit#gid=0) is a spreadsheet that lists all available Pokémon sorted by region!\n\n**To sign up**, please leave your Discord handle in a comment below along with your region + Alliance. Please indicate what weekend(s) you would like to host, along with the den # and/or names of the Pokémon hosted! \n\n**Hosting Timeline**\n\n- June 1: Sign-ups are open!\n- June 8: Sign-ups will close.\n- June 12: Finalize schedules. \n- June 13-14: RRR Weekend #1\n- June 20-21: RRR Weekend #2\n\n**Clarification:** For hosting, the Pokémon's region is the region in which it first appears, not counting previous evolutions/forms. A few examples:\n\n- Cleffa counts for Johto\n- Dusknoir counts for Sinnoh \n- Galarian Ponyta counts for Galar\n\n*This is different from the Battle Royale rules, so please read those directions carefully below!*\n\n#####[](#0)\n|Contests|\n|-|\n\nDuring the next few weeks, you will be facing a variety of contest challenges. Completing a contest will earn points for your alliance!\n\n**List of available contests**\n\nName | reddit link | Date posted (US EDT) | Open?\n:--|:--|:--|:--\nVexillography Contest | [link] (https://www.reddit.com/r/pokemonmaxraids/comments/gvmlli/vexillography_contest/) | Wednesday, June 3 | closed\nWe Want YOU! Propaganda Contest | [link] (https://www.reddit.com/r/pokemonmaxraids/comments/gwxbz1/we_want_you_propaganda_contest/?) | Friday, June 5 | closed\nMewtronome Battle Contest | [link] (https://www.reddit.com/r/pokemonmaxraids/comments/gy5hw5/mewtronome_battle_contest/) | Sunday, June 7 | closed\nWho’s That (New) Pokémon? Contest | [link] (https://www.reddit.com/r/pokemonmaxraids/comments/gzfh4v/whos_that_new_pok%C3%A9mon_contest/?) | Tuesday, June 9 | closed\nMoveset Story Contest | [link] (https://www.reddit.com/r/pokemonmaxraids/comments/h0rmg0/moveset_story_contest/) | Thursday, June 11 | closed\nAlliance Origins Contest | [link] (https://www.reddit.com/r/pokemonmaxraids/comments/h98nmd/alliance_origins_contest/) | Monday, June 15 | closed\nTrainer Card Contest | [link] (https://www.reddit.com/r/pokemonmaxraids/comments/hb77ej/trainer_card_contest/) | Thursday, June 18 | closed\nPokemon Portmanteau Paint Contest | [link] (https://www.reddit.com/r/pokemonmaxraids/comments/hdl3ar/pokemon_portmanteau_paint_contest/) | Monday, June 22 | closed\nShow Off Your Pokemon Swag Contest| [link] (https://www.reddit.com/r/pokemonmaxraids/comments/hetwxc/show_off_your_pok%C3%A9mon_swag_contest/) | Wednesday, June 24 | closed\nLegendary Legacy Contest | [link] (https://www.reddit.com/r/pokemonmaxraids/comments/hg0lrv/legendary_legacy/?) | Friday, June 26 | closed\n\n\n###[](#0)\n|Trivia|\n|-|\n\n\nTrivia questions will be posted once per day in the Discord channel [#daily-trivia](https://discord.com/channels/645011176182251522/713822401908965426). Just like the contests, answering the questions correctly will earn you and your team points! To answer a trivia question, fill out the Google Form below. New trivia questions will be updated to the form once per day, so check often! Once new trivia is posted, you will not be able to access or submit answers to old trivia questions. \n\n* To see the current trivia questions, check this [**Google Form**](https://docs.google.com/forms/d/e/1FAIpQLSfh8tSQ7ocRpqNGkbGXzZzx_UA6Ayzk0WzveDnuVoHvG-X_nQ/viewform).\n* To see the answers to past trivia questions, click [here](https://docs.google.com/spreadsheets/d/1CQ_SHtaTojDHcXiVYS337Hg6UVMuZE-qWeSMzHNJS6k/edit?usp=sharing).\n\n#####[](#0)\n|Battle Royale|\n|-|\n\nCome one, come all, to the glorious Regions Rumble Battle Royale! Throughout this month, you will pledge yourself to your team, but in the Battle Royale, you'll need to pick a broader scope than that. \n\nIn fact, you won't be able to stay isolated at all. Due to the upcoming DLC, the allowed Pokémon are loosening just a bit. Any Pokémon obtainable in a den is allowed, but you may only have one Pokémon from each region. A Pokémon's region is determined as th... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85, 9771.49, 9795.70, 9870.09, 9321.78
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:** ['Bitcoin has risen above $10,000 for the first time in almost a month as protests in U.S. cities continue to intensify.\nAt around 23:05 UTC (7:05 p.m. Eastern Time),bitcoin (BTC)rose from $9,895 to around $10,429 over the course of 30 minutes as a new wave of volatility greeted the end of the daily closing period for June 1.\nThe large spike in BTC’s price comes as violence erupts on the sixth day of protests over the death of George Floyd at the hands of Minneapolis police. BTC has since cooled slightly and is currently changing hands for around $10,191, according toCoinDesk’s Bitcoin Price Index.\nBTC’s price action was equally matched by a large injection of daily trading volume on the Bitstamp and Binance exchanges. Meanwhile, Coinbase suffered atemporary outagethat had beenresolvedas of press time.\nBitcoin has been gyrating between $8,600 and $10,000 for a period of around 32 days and finally broke above the $10,000 psychological resistance in convincing fashion as traders sought to capitalize on a bullish technical setup.\n“ETH broke out already, BTC now having its turn,” said Joshua Green, chief investment officer at Orthogonal Trading.\n“The macro and fundamental scenario is very bullish, and the market has been shorting into $10,000, under-allocated above $10,000,” Green added.\nRelated:Bitcoin Rises Above $10K for First Time in 25 Days as Protests Roil US Cities\nOther notable cryptos are also having their time in the sun with the likes of eos (EOS), cardano (ADA), bitcoin cash (BCH) and litecoin (LTC) having climbed around 5% over a 24-hour period.\n• BitMEX Sees Biggest Short Squeeze in 8 Months After Bitcoin Surge\n• ‘Sell in May’ Wall Street Adage Doesn’t Apply to Bitcoin, Data Suggests', 'Bitcoin has risen above $10,000 for the first time in almost a month as protests in U.S. cities continue to intensify. At around 23:05 UTC (7:05 p.m. Eastern Time), bitcoin (BTC) rose from $9,895 to around $10,429 over the course of 30 minutes as a new wave of volatility greeted the end of the daily closing period for June 1. The large spike in BTC\x92s price comes as violence erupts on the sixth day of protests over the death of George Floyd at the hands of Minneapolis police. BTC has since cooled slightly and is currently changing hands for around $10,191, according to CoinDesk\x92s Bitcoin Price Index . BTC\x92s price action was equally matched by a large injection of daily trading volume on the Bitstamp and Binance exchanges. Meanwhile, Coinbase suffered a temporary outage that had been resolved as of press time. Bitcoin has been gyrating between $8,600 and $10,000 for a period of around 32 days and finally broke above the $10,000 psychological resistance in convincing fashion as traders sought to capitalize on a bullish technical setup. \x93ETH broke out already, BTC now having its turn,\x94 said Joshua Green, chief investment officer at Orthogonal Trading. \x93The macro and fundamental scenario is very bullish, and the market has been shorting into $10,000, under-allocated above $10,000,\x94 Green added. Related: Bitcoin Rises Above $10K for First Time in 25 Days as Protests Roil US Cities Other notable cryptos are also having their time in the sun with the likes of eos (EOS), cardano (ADA), bitcoin cash (BCH) and litecoin (LTC) having climbed around 5% over a 24-hour period. Related Stories BitMEX Sees Biggest Short Squeeze in 8 Months After Bitcoin Surge \x91Sell in May\x92 Wall Street Adage Doesn\x92t Apply to Bitcoin, Data Suggests', 'Bitcoin has risen above $10,000 for the first time in almost a month as protests in U.S. cities continue to intensify.\nAt around 23:05 UTC (7:05 p.m. Eastern Time),bitcoin (BTC)rose from $9,895 to around $10,429 over the course of 30 minutes as a new wave of volatility greeted the end of the daily closing period for June 1.\nThe large spike in BTC’s price comes as violence erupts on the sixth day of protests over the death of George Floyd at the hands of Minneapolis police. BTC has since cooled slightly and is currently changing hands for around $10,191, according toCoinDesk’s Bitcoin Price Index.\nBTC’s price action was equally matched by a large injection of daily trading volume on the Bitstamp and Binance exchanges. Meanwhile, Coinbase suffered atemporary outagethat had beenresolvedas of press time.\nBitcoin has been gyrating between $8,600 and $10,000 for a period of around 32 days and finally broke above the $10,000 psychological resistance in convincing fashion as traders sought to capitalize on a bullish technical setup.\n“ETH broke out already, BTC now having its turn,” said Joshua Green, chief investment officer at Orthogonal Trading.\n“The macro and fundamental scenario is very bullish, and the market has been shorting into $10,000, under-allocated above $10,000,” Green added.\nRelated:Bitcoin Rises Above $10K for First Time in 25 Days as Protests Roil US Cities\nOther notable cryptos are also having their time in the sun with the likes of eos (EOS), cardano (ADA), bitcoin cash (BCH) and litecoin (LTC) having climbed around 5% over a 24-hour period.\n• BitMEX Sees Biggest Short Squeeze in 8 Months After Bitcoin Surge\n• ‘Sell in May’ Wall Street Adage Doesn’t Apply to Bitcoin, Data Suggests', 'As coronavirus is changing everyone’s lives, making it harder to go outside or interact with friends and family, people are leaning more than ever on digital video platforms to live a “normal” life. That includes Bitcoiners who are fine-tuning the organization of hackathons in the virtual realm.\nSeveral timesaround the globe, German lightning research startup Fulmo has put on the event Lightning Hack Day, where developers gather to hack and share new exciting ideas to further the network or the lightning-related projects they’ve been working on.\nWith coronavirus making it unwise (and even legally restricted) to travel and gather in large groups in meat space, they’ve moved online, rebranding the event to the Hack Sprint. “The world is still in lockdown, but that doesn’t stop Bitcoiners to gather around the virtual fireplace to keep building and sharing knowledge!”tweetedFulmo a couple of weeks prior to the two-day event, which took place May 9 and 10.\nThe event is dedicated specifically to the lightning network, a technology considered critical toBitcoin‘s future. It aims to solve huge problems with payments in the leaderless currency, such as significantly scaling how many transactions it can handle and speeding up payments to be instant, as shoppers expect.\nRead more:What Is Bitcoin’s Lightning Network?\nThe hackathon is an “unconference,” since participants do much of the (self-)organization. They can get what they want out of it. Before the Hack Sprint, developers posted “challenges” for fellow hackers to solve, such as a small boost to lightning privacy and building an extension using lightning payments as a method to curb spam on a wiki, where participants can crowdsource information and collaboratively edit content. Some enthusiasts even posted BTC bounties to encourage participation.\n“Anyone is welcome to put up challenges and use the weekend to get some progress. No one is forced to deliver a prototype, but to work and share what their outcomes were,” said Christian Rotzoll, DIY node project Raspiblitz creator and organizer of the Hack Sprint.\nRelated:Bitcoiners Sprint to Improve Lightning Network in 2-Day Virtual Hackathon\nAt the culmination of the 48-hour sprint, developers presented what they built or improved upon, a total of 16 projects, improving the sprawling lightning ecosystem in various ways – either adding new features or using the time to clean up messy code.\nSome projects focused on lightning applications like tipping. That’s apopular early applicationof the payment system, partly since lightning enables smaller online payments than ever before, with lower processing fees.\nMany tipping apps are focused on media, includingTippin.mefor Twitter, but developer Michael Bumann finished a proof of concept of such an app over the weekend geared towards donating to developers.\nProgramming might usually be a high-paying gig, but often developers create software for free to further a technology or cause that they’re passionate about. The Bitcoin community, for example, is filled with these people.\nBumann created a tool to make it easier to automatically tip programmers (specifically the programming language Ruby) who developed open source software a developer used in their own project.\nRead more:BitMEX Operator Ups Grant for Bitcoin Development to $100K\nTeams made a number of improvements toRaspiblitz, a DIY guide for crafting your own lightning node with an interface showing some of the node statistics.\nRunning your own lightning node is the most trust-minimizing way of using Bitcoin, because you don’t have to trust anyone else to tell you what the state of the blockchain is. Without one, a malicious actor could potentially feed a user false information.\nPseudonymous developer Openoms added a component to Raspiblitz to make it easier to summon the GUI of JoinMarket, one of a few key ways of making “CoinJoin” transactions, which gives users more privacy.\n“JoinMarket is the longest standing and most feature-rich CoinJoin software with somewhat less easy to use interface which I am determined to improve. This is a small step taken to make the existing graphical interface easily and safely available for RaspiBlitz users on their desktop,” Openoms told CoinDesk.\nOther developers focused on making lightning work better under the hood.\nAgain along the lines of privacy, one developer group created TOR2IP-Tunnelservice, which adds a new feature for lightning users taking advantage of Tor, a privacy tool that hides a user’s IP address, which identifies a user’s computer and location.\nThe tool uses lightning two ways in one. First, it allows a user to tie a public address to the Tor address where their lightning node is running and connected to, w **Last 60 Days of Bitcoin's Closing Prices:** [6733.39, 6867.53, 6791.13, 7271.78, 7176.41, 7334.10, 7302.09, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-06-02 **Financial & Commodity Data:** - Gold Closing Price: $1725.20 - Crude Oil Closing Price: $36.81 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $174,757,686,141 - Hash Rate: 97074591.2805962 - Transaction Count: 304114.0 - Unique Addresses: 638403.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.56 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin rallied by 4.11% on Thursday. Following on from a 4.12% breakout on Wednesday, Bitcoin ended the day at $9,589.3. A mixed start to the day saw Bitcoin fall to a mid-morning intraday low $9,118.2 before making a move. Steering clear of the first major support level at $8,946.67, Bitcoin rallied to a final hour intraday high $9,630.3. Bitcoin broke through the first major resistance level at $9,349.47 and second major resistance level at $9,488.63 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 the 62% FIB of $10,034 to form a near-term bullish trend. The Rest of the Pack Across the rest of the majors, it was also a bullish day for the majors on Thursday. Cardano’s ADA surged by 17.71% to lead the way. Binance Coin (+3.64%), Bitcoin Cash ABC (+3.34%), Ethereum (+5.77%), Monero’s XMR (+4.28%), Stellar’s Lumen (+4.92%), Tezos (+4.37%), and Tron’s TRX (+3.12%) also found strong support. Bitcoin Cash SV (+1.17%), EOS (+1.67%), Litecoin (+2.05%), and Ripple’s XRP (+1.37%) trailed the front runners. In the current week, the crypto total market cap fell to an early Monday low $238.04bn before rising to an early Friday high $263.53bn. At the time of writing, the total market cap stood at $261.58bn. Bitcoin’s dominance fell to a Monday low 66.38% before a Thursday 69.54% spike. At the time of writing, Bitcoin’s dominance stood at 66.99%. This Morning At the time of writing, Bitcoin was down by 0.57% to $9,535.0. A mixed start to the day saw Bitcoin rise to an early morning high $9,618.8 before falling to a low $9,483.5. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Cardano’s ADA joined Bitcoin in the red, with a 0.46% loss at the time of writing. Story continues It was a bullish start to the day for the rest of the pack, however. EOS led the way early on, rallying by 1.49%. For the Bitcoin Day Ahead Bitcoin would need to avoid sub-$9,450 levels to bring the first major resistance level at $9,773.67 into play. Support from the broader market would be needed, however, for Bitcoin to break out from Thursday’s high $9,630.3. Barring an extended crypto rally, the first major resistance level would likely limit any upside. In the event of another extended crypto rally, the second major resistance level at $9,958.03 and the 62% FIB of $10,034 would likely come into play. Failure to avoid sub-$9,450 levels could see Bitcoin fall deeper into the red. A fall back through the morning low to sub-$9,450 levels would bring the first major support level at $9,261.57 into play. Barring another extended crypto sell-off, however, Bitcoin should steer well clear of the second major support level at $8,933.83. This article was originally posted on FX Empire More From FXEMPIRE: Crude Oil Price Update – Reaction to $32.77 Pivot Sets the Tone into the Close; EIA Says Crude Stocks Rose E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Key Level into Close is 25534 Economic Data to Take a Back Seat with Trump’s News Conference the Main Event Crude Oil Price Forecast – Crude Oil Markets Continue to Press the Issue Silver Price Forecast – Silver Markets Continue to Pound Into Resistance Gold Price Prediction – Prices Edge Higher Following Weak US Data... - Reddit Posts (Sample): [['u/ashyblacktshirt', 'Is the Bitcoin spike right now due to institutional investment or just buyer sentiment?', 22, '2020-06-02 01:51', 'https://www.reddit.com/r/StockMarket/comments/guw3fs/is_the_bitcoin_spike_right_now_due_to/', 'I know that senate nominee from Utah has been in the news for a couple days, maybe that was enough to break the $10k resistance, but this seems like it might start to make a dash?\n\nThoughts?', 'https://www.reddit.com/r/StockMarket/comments/guw3fs/is_the_bitcoin_spike_right_now_due_to/', 'guw3fs', [['u/Trance2000', 12, '2020-06-02 03:33', 'https://www.reddit.com/r/StockMarket/comments/guw3fs/is_the_bitcoin_spike_right_now_due_to/fsl80f9/', 'My thoughts are that you’ll see BTC at 40k one day.', 'guw3fs'], ['u/ashyblacktshirt', 12, '2020-06-02 03:45', 'https://www.reddit.com/r/StockMarket/comments/guw3fs/is_the_bitcoin_spike_right_now_due_to/fsl9b73/', 'Fuck it! One million dollars.', 'guw3fs'], ['u/Doctor_Pavilion', 11, '2020-06-02 06:52', 'https://www.reddit.com/r/StockMarket/comments/guw3fs/is_the_bitcoin_spike_right_now_due_to/fslrol7/', 'It’s all just technical. Bitcoin has been bouncing at the 9.6k ceiling for a little while now and the technicals finally lined up for a breakout', 'guw3fs']]], ['u/cryptoresearcher07', 'Crypto.com App Monthly Downloads (Jan->May): 160K --> 180K --> 280K --> 300K --> 400K', 57, '2020-06-02 02:49', 'https://www.reddit.com/r/Crypto_com/comments/gux3j0/cryptocom_app_monthly_downloads_janmay_160k_180k/', " **Jan 160K\xa0 -->\xa0 Feb 180K\xa0 --> Mar 280K --> April 300K --> May 400K** \n\nThis extreme growth is one of the reasons why their support team is overwhelmed.\xa0 Their App is growing very rapidly and with the BTC bull market I suspect we'll see them grow even faster.\xa0 \xa0For some perspective, here are some app download numbers (Android+Apple) for the month of May for some other crypto platforms.\xa0\xa0\n\nBinance\xa0 \xa0 \xa0 \xa0 \xa0 \xa0300K\n\nNexo\xa0 \xa0 \xa0 \xa0 \xa0 \xa0 \xa0 \xa0 26K\xa0 \xa0 \xa0\n\nCelsius\xa0 \xa0 \xa0 \xa0 \xa0 \xa0 \xa013K\xa0\n\nBybit\xa0 \xa0 \xa0 \xa0 \xa0 \xa0 \xa0 \xa0 15K\n\nCrypterium\xa0 \xa0 \xa0 14K\n\nTenx\xa0 \xa0 \xa0 \xa0 \xa0 \xa0 \xa0 \xa0 10K", 'https://www.reddit.com/r/Crypto_com/comments/gux3j0/cryptocom_app_monthly_downloads_janmay_160k_180k/', 'gux3j0', [['u/bnerd', 14, '2020-06-02 03:12', 'https://www.reddit.com/r/Crypto_com/comments/gux3j0/cryptocom_app_monthly_downloads_janmay_160k_180k/fsl5qc4/', "Those are insane numbers. I really hope CDC can get customer support ramped up quickly. I don't know how long it takes to get customer service reps onboarded but hopefully not too long.", 'gux3j0'], ['u/Hatmehit11', 11, '2020-06-02 03:22', 'https://www.reddit.com/r/Crypto_com/comments/gux3j0/cryptocom_app_monthly_downloads_janmay_160k_180k/fsl6t1s/', 'Awesome growth :) \n\nWhere did you get those numbers?', 'gux3j0'], ['u/murderedbycrypto', 20, '2020-06-02 03:49', 'https://www.reddit.com/r/Crypto_com/comments/gux3j0/cryptocom_app_monthly_downloads_janmay_160k_180k/fsl9r2n/', "well, that's 22k more app downloads than those 6 other apps combined", 'gux3j0'], ['u/cryptoresearcher07', 12, '2020-06-02 04:27', 'https://www.reddit.com/r/Crypto_com/comments/gux3j0/cryptocom_app_monthly_downloads_janmay_160k_180k/fsldphk/', 'I grabbed them from [www.sensortower.com](https://www.sensortower.com) and basically check that site each month. You have to look up both the Android and Apple version of the App and make sure you are picking the correct App when there are multiple ones.', 'gux3j0']]], ['u/Jsessink', 'watch BTC tomorrow!', 25, '2020-06-02 04:06', 'https://www.reddit.com/r/RobinHoodPennyStocks/comments/guycjj/watch_btc_tomorrow/', 'If it holds $10k+ by 9a... All the crypto names will be HOT. \nMARA, CAN, RIOT etc. Be on the lookout. Picked up MARA at .74 AH today. Hoping for a big push tmr if BTC holds. Might finally be the crypto tipping point we all need!', 'https://www.reddit.com/r/RobinHoodPennyStocks/comments/guycjj/watch_btc_tomorrow/', 'guycjj', [['u/-Nostalgic-', 28, '2020-06-02 04:10', 'https://www.reddit.com/r/RobinHoodPennyStocks/comments/guycjj/watch_btc_tomorrow/fslby4z/', 'I’m holding $2 of btc at $9,200 rn. Been making pennies by the minute. I’m at $2.19 now fucking amazing', 'guycjj'], ['u/Crazycracker24', 11, '2020-06-02 06:47', 'https://www.reddit.com/r/RobinHoodPennyStocks/comments/guycjj/watch_btc_tomorrow/fslr8w4/', "Invest in doge coin. I know it sounds stupid. But for 4.78 I got 1857 full coins, hear me out, while yes its unlikely it'll hit 1 dollar or ever see bit coin prices, elon musk has said its hit favorite. The masses love elon, and its dirt cheap. Even if it some how manages to rise to 50 cent a coin. You'll make 900 off of 5 bucks", 'guycjj']]], ['u/Bonefarbious', 'If BTC hits 20k again', 10, '2020-06-02 04:11', 'https://www.reddit.com/r/Bitcoin/comments/guyfpg/if_btc_hits_20k_again/', 'If BTC hits 20k again,will all you folks that didn’t take profit on the 2017 bull run cash out?', 'https://www.reddit.com/r/Bitcoin/comments/guyfpg/if_btc_hits_20k_again/', 'guyfpg', [['u/TaleRecursion', 21, '2020-06-02 04:24', 'https://www.reddit.com/r/Bitcoin/comments/guyfpg/if_btc_hits_20k_again/fsldfwy/', 'This is the classic rookie mistake. Sell at the previous ATH, and then seat helpless as the price shoots to the moon way past the previous ATH.', 'guyfpg'], ['u/JackButler2020', 14, '2020-06-02 05:03', 'https://www.reddit.com/r/Bitcoin/comments/guyfpg/if_btc_hits_20k_again/fslhenj/', 'no cause in 2021 it will hit 6 figures', 'guyfpg']]], ['u/AutoModerator', '[Daily Discussion] Tuesday, June 02, 2020', 69, '2020-06-02 06:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/gv04so/daily_discussion_tuesday_june_02_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/gv04so/daily_discussion_tuesday_june_02_2020/', 'gv04so', [['u/krom1985', 11, '2020-06-02 06:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/gv04so/daily_discussion_tuesday_june_02_2020/fslpi6m/', "Funding on Bitmex perps has shot right up for longs paying shorts.\n\n0.16%.\n\nGetting this high is typically signal for a reversal.\n\nThat being said, we've just broken through tough resistance, so not sure this indicator is meaningful right now.\n\nFor continuation, will be looking for funding to cool off while holding above $10k.", 'gv04so'], ['u/jarederaj', 33, '2020-06-02 06:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/gv04so/daily_discussion_tuesday_june_02_2020/fslpis9/', "The price climbed from 8k to 20k in about four weeks in 2017. We've spent about the same amount of time deciding to push through 10k.\n\nThis is what slow gradual growth at a high price level looks like. 20k went faster than it came, and the same was true for 14k last year.\n\nI'm optimistic, but we're probably a year or more away from another period of sustained exponential growth. In the meantime, don't get destroyed by the chop. Take it easy on leverage. Build cold storage. \n\nThe winners of the coming period will need to remain calm through an uncertain and confusing storm.", 'gv04so'], ['u/Richyboy33', 23, '2020-06-02 06:44', 'https://www.reddit.com/r/BitcoinMarkets/comments/gv04so/daily_discussion_tuesday_june_02_2020/fslqy9e/', 'Note to those currently shitting themselves with excitement.. if we don’t break the swing high of 10500 (Stamp) and close a daily above.. then nothing has changed. \n\nWe could do that today absolutely, we could also fall back under 10k and back into the 9750 range before falling further and setting yet another lower high. \n\nThe job isn’t done until it’s done. No matter how much we may want it to be', 'gv04so'], ['u/drdixie', 10, '2020-06-02 06:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/gv04so/daily_discussion_tuesday_june_02_2020/fslrhzi/', "If we don't break 10500 this trip, we're gonna be chopping for another 3 months, aren't we?", 'gv04so'], ['u/Richyboy33', 11, '2020-06-02 07:09', 'https://www.reddit.com/r/BitcoinMarkets/comments/gv04so/daily_discussion_tuesday_june_02_2020/fslt45k/', 'It is currently a lower high. You know that right? \nBreak 10500 and it’s not.\nYou can’t ‘repaint’ the chart to disguise that fact', 'gv04so'], ['u/Golfergopher', 11, '2020-06-02 07:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/gv04so/daily_discussion_tuesday_june_02_2020/fslu9gg/', "Volume is awfully low for being at new highs. Buyers need to come in soon or we're going to lose 10k. Also bitmex premium is crazy high.\n\nEdit: Out of my long at 10.1k. Not seeing the follow through that I think we need. Still spot long so I wouldn't hate higher prices. If this truly is the start of a bull market there will be plenty of opportunities for longs. A close above 10.5k on the daily would ... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9656.72, 9800.64, 9665.53, 9653.68, 9758.85, 9771.49, 9795.70, 9870.09, 9321.78, 9480.84
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:** ['Bitcoin slid by 6.84% on Tuesday. Partially reversing an 8.2% rally from Monday, Bitcoin ended the day at $9,527.0. It was a range-bound start to the day. Bitcoin slipped from an early morning intraday high $10,252.0 to an early morning low $10,066.0. Steering clear of the first major support level at $9,632.53, Bitcoin recovered to $10,200 levels before hitting reverse. An afternoon reversal saw Bitcoin slide to an early afternoon intraday low $9,150.0 before finding support. Bitcoin fell through the first major support level at $9,632.53 before finding support. In spite of late support, however, Bitcoin failed to break back through the first major support level. Resistance at $9,600 pinned Bitcoin back. The near-term bullish trend remained intact, in spite of Tuesday’s pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day for the majors on Tuesday. Stellar’s Lumen rallied by 3.39% to buck the trend on the day. It was a bearish day for the rest of the pack, however. Binance Coin (-3.73%), EOS (-5.40%), Ethereum (-4.31%), Litecoin (-4.68%), Ripple’s XRP (-3.75%), and Tron’s TRX (-4.57%) led the way down. Bitcoin Cash ABC (-1.22%), Bitcoin Cash SV (-2.52%), Cardano’s ADA (-2.40%), Monero’s XMR (-1.78%), and Tezos (-2.31%) saw relatively modest losses. Through the current week, the crypto total market cap rose to a Monday high $285.71bn before sliding to a Tuesday low $255.98bn. At the time of writing, the total market cap stood at $264.36bn. At the start of the week, Bitcoin’s rose to a Monday high 67.13% before falling to a Tuesday low 65.64%. At the time of writing, Bitcoin’s dominance stood at 66.02%. This Morning At the time of writing, Bitcoin was down by 0.32% to $9,496.1. A mixed start to the day saw Bitcoin rise to an early morning high $9,538.1 before falling to a low $9,480.6. Story continues Bitcoin left the major support and resistance levels untested early on. Elsewhere, the rest of the majors also struggled early on. Stellar’s Lumen and Tezos led the way down, with losses of 1.64% and 1.39% at the time of writing. For the Bitcoin Day Ahead Bitcoin would need to move through to $9,650 levels to bring the first major resistance level at $10,136.0 into play. Support from the broader market would be needed, however, for Bitcoin to break back through to $10,000 levels. Barring another broad-based crypto rally, resistance at $10,000 would likely leave Bitcoin short of the first major resistance level. In the event of another extended crypto rally, Bitcoin could eye $10,200 levels before any pullback. Failure to move through to $9,650 levels could see Bitcoin fall deeper into the red. A fall back through the morning low $9,480.6 would bring the first major support level at $9,034.0 into play. Barring another extended crypto sell-off, however, Bitcoin should steer clear of sub-$9,000 levels on the day. This article was originally posted on FX Empire More From FXEMPIRE: EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 03/06/20 GBP/USD is Going Up Towards Daily ATR NZD/USD Forex Technical Analysis – Next Major Upside Target is .6448 US Stock Market Sets Up Technical Patterns – Pay Attention E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – May Be Grinding Toward 26962 AUD/USD and NZD/USD Fundamental Daily Forecast – Bullish Investors Reacting to Forward-Looking RBA Statement', 'Bitcoin slid by 6.84% on Tuesday. Partially reversing an 8.2% rally from Monday, Bitcoin ended the day at $9,527.0.\nIt was a range-bound start to the day. Bitcoin slipped from an early morning intraday high $10,252.0 to an early morning low $10,066.0.\nSteering clear of the first major support level at $9,632.53, Bitcoin recovered to $10,200 levels before hitting reverse.\nAn afternoon reversal saw Bitcoin slide to an early afternoon intraday low $9,150.0 before finding support.\nBitcoin fell through the first major support level at $9,632.53 before finding support. In spite of late support, however, Bitcoin failed to break back through the first major support level. Resistance at $9,600 pinned Bitcoin back.\nThe near-term bullish trend remained intact, in spite of Tuesday’s pullback.\nFor the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day for the majors on Tuesday.\nStellar’s Lumen rallied by 3.39% to buck the trend on the day.\nIt was a bearish day for the rest of the pack, however.\nBinance Coin (-3.73%), EOS (-5.40%), Ethereum (-4.31%), Litecoin (-4.68%), Ripple’s XRP (-3.75%), and Tron’s TRX (-4.57%) led the way down.\nBitcoin Cash ABC (-1.22%), Bitcoin Cash SV (-2.52%), Cardano’s ADA (-2.40%), Monero’s XMR (-1.78%), and Tezos (-2.31%) saw relatively modest losses.\nThrough the current week, the crypto total market cap rose to a Monday high $285.71bn before sliding to a Tuesday low $255.98bn. At the time of writing, the total market cap stood at $264.36bn.\nAt the start of the week, Bitcoin’s rose to a Monday high 67.13% before falling to a Tuesday low 65.64%. At the time of writing, Bitcoin’s dominance stood at 66.02%.\nAt the time of writing, Bitcoin was down by 0.32% to $9,496.1. A mixed start to the day saw Bitcoin rise to an early morning high $9,538.1 before falling to a low $9,480.6.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, the rest of the majors also struggled early on.\nStellar’s Lumen and Tezos led the way down, with losses of 1.64% and 1.39% at the time of writing.\nBitcoin would need to move through to $9,650 levels to bring the first major resistance level at $10,136.0 into play.\nSupport from the broader market would be needed, however, for Bitcoin to break back through to $10,000 levels.\nBarring another broad-based crypto rally, resistance at $10,000 would likely leave Bitcoin short of the first major resistance level.\nIn the event of another extended crypto rally, Bitcoin could eye $10,200 levels before any pullback.\nFailure to move through to $9,650 levels could see Bitcoin fall deeper into the red.\nA fall back through the morning low $9,480.6 would bring the first major support level at $9,034.0 into play.\nBarring another extended crypto sell-off, however, Bitcoin should steer clear of sub-$9,000 levels on the day.\nThisarticlewas originally posted on FX Empire\n• EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 03/06/20\n• GBP/USD is Going Up Towards Daily ATR\n• NZD/USD Forex Technical Analysis – Next Major Upside Target is .6448\n• US Stock Market Sets Up Technical Patterns – Pay Attention\n• E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – May Be Grinding Toward 26962\n• AUD/USD and NZD/USD Fundamental Daily Forecast – Bullish Investors Reacting to Forward-Looking RBA Statement', 'It was a relatively busy day on theeconomic calendarthis morning. The Aussie Dollar and Japanese Yen were in focus early in the day, as was economic data out of China.\nAway from the economic calendar, key risks remained in focus, while the Asian markets responded to news from the U.S.\nThe good news continued to be the COVID-19 numbers that remained on the lower side in spite of the easing in lockdown measures. While plenty of downside risks remain, including consumer sentiment, it’s certainly good news for the markets. A COVID-19 vaccine would address the uncertainty over consumer sentiment globally…\nLooking at the latest coronavirus numbers,\nOn Tuesday, thenumber of new coronavirus casesrose by 112,694 to 6,470,911. On Monday, the number of new cases had risen by 95,146. While the daily increase was higher than Monday’s rise and 95,878 new cases from the previous Tuesday.\nFrance, Germany, Italy, and Spain reported 938 new cases on Tuesday, which was down from 1,018 new cases on Monday. On the previous Tuesday, 1,535 new cases had been reported. Significantly, all 4 member states reported less than 300 cases each for a 2ndconsecutive day.\nFrom the U.S, the total number of cases rose by 21,208 to 1,879,665 on Tuesday. On Monday, the total number of cases had risen by 21,287. On Tuesday 26thMay, a total of 19,185 new cases had been reported.\nMay’s finalized service sector PMI came in at 26.5, which was up from an April 21.5 and a prelim 25.3.\nThe Japanese Yen moved from ¥108.719 to ¥108.742 upon release of the figures. At the time of writing, theJapanese Yenwas up by 0.10% to ¥108.57 against the U.S Dollar.\nIt was a busy morning for the Aussie Dollar, with housing sector data for April in focus along with May’s service sector PMI.\nThe headline, however, was 1stquarter GDP numbers, which were expected to be quite dire…\nLooking at the stats:\nBuilding approvals fell by 1.8%, following a 2.6% fall in March, which was far better than a forecasted fall of 15.0%. The services PMI continued to struggle in May. The PMI came in at 26.9, which was up from an April 19.5 and prelim 25.5.\nIn the 1stquarter, the economy contracted by 0.3%, quarter-on-quarter, following a 0.5% expansion in the 4thquarter. Economists had forecast a contraction of 0.3%.\nYear-on-year, the economy grew by 1.4% that was softer than 2.2% in the 4thquarter. This was also in line with forecasts. This was the slowest through the year growth since Q3 2009.\nAccording to theABS,\n• A number of factors hit the Australian economy, including the bushfires and the effects of the COVID-19 pandemic.\n• Government spending limited the impact, with public demand contributing 0.3 percentage points to GDP. This came from a 1.8% rise in government final consumption expenditure.\n• By contrast, public demand detracted 0.8 percentage points from GDP. This came from a 1.1% slide in household final consumption expenditure.\n• Net trade contributed 0.5 percentage points to GDP. Imports of goods fell 3.9%, with imports of services sliding b **Last 60 Days of Bitcoin's Closing Prices:** [6867.53, 6791.13, 7271.78, 7176.41, 7334.10, 7302.09, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-06-03 **Financial & Commodity Data:** - Gold Closing Price: $1697.80 - Crude Oil Closing Price: $37.29 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $176,627,798,944 - Hash Rate: 104599753.395371 - Transaction Count: 314000.0 - Unique Addresses: 646746.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.48 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Registered users of over 5 million from over 200 countries or regions Vancouver, British Columbia--(Newsfile Corp. - May 21, 2020) -Hello Pal International Inc.(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 April 2020 as set forth below: Livestreaming Service Hello Pal's livestreaming service achieved record receipts of approximately $640,000*, being an increase of 42.8% above the receipts received in March 2020. The livestreaming service continues to be active with over 10,000 daily active users. Hello Pal has experienced robust grown in five months with receipts increasing from $100,000*, in November 2019, to the above mentioned $640,000*, in April 2020. This shows that Hello Pal has successfully monetized its user base without any unwanted advertising or marketing. Strong Registered User Base As of the date of the news release, Hello Pal's registered user base is over 5 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 athellopal.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. 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 visithttps://www.newsfilecorp.com/release/56244... - Reddit Posts (Sample): [['u/CAndrewK', 'The Slow Rush: Survivor', 78, '2020-06-03 00:59', 'https://www.reddit.com/r/TameImpala/comments/gvhz1b/the_slow_rush_survivor/', "**BREATHE DEEPER** has been ELIMINATED, meaning\n\n#**ONE MORE HOUR IS THE WINNER OF THE SLOW RUSH SURVIVOR**\n\n---\n\nIt's June, which means that *The Slow Rush* has been out for a few months now. Since everyone has had time to digest the tracklist, the mods have decided to hold a Survivor-style elimination contest to determine once and for all which song off of Tame Impala's fourth LP is the best.\n\n---\n\n**DO NOT VOTE IN THE COMMENTS** \n\n* This post will be regularly updated with voting links, results, etc. \n\n* In the voting link, vote for your **LEAST FAVORITE** track\n\n* Each round of voting is open for 24 hours \n\n* I'll try to open and close voting as close to 12:00am GMT/8:00PM EST as possible \n\n---\n\n###### *Results from Previous Rounds:*\n\n| Round | Eliminated | Full Results |\n| :--- | :--- | :--- |\n| 1 | Glimmer | [*Results*](https://docs.google.com/forms/d/14u5uKlK9R4tXX428Z00NsBCtCD8DTAkxxZD9g3iAWvk/viewanalytics) |\n| 2 | Instant Destiny | [*Results*](https://docs.google.com/forms/d/1cPwE--64Evyd2cn25tXtwIx0Dg3LQ7clKQ94-BTBTCc/viewanalytics) |\n| 3 | Is It True | [*Results*](https://docs.google.com/forms/d/1c2E4hn7QwBtLTb1faO1YUYaP5a6HzcZh0QZOnWnHCwg/viewanalytics) |\n| 4 | It Might Be Time | [*Results*](https://docs.google.com/forms/d/1aA1AHJAt4ATd9ePv4O-xbAZSRW_oKOM5arzXxxuej5M/viewanalytics) |\n| 5 | Lost In Yesterday | [*Results*](https://docs.google.com/forms/d/1ftxyVro444n22zDw4KiDOssuxfKNYoin6N-NeESPeQU/viewanalytics) |\n| 6 | One More Year | [*Results*](https://docs.google.com/forms/d/1lJ3Z_M97KJJuMfeWQt8GyYl5iRL4qM7F-VfrmJo1omg/viewanalytics) |\n| 7 | Borderline | [*Results*](https://docs.google.com/forms/d/161Yu67V0L9E67jqMZjlC7NeZCOw-3p0DFlGoF2l_y58/viewanalytics) |\n| 8 | On Track | [*Preliminary Results*](https://docs.google.com/forms/d/1Xg_VWRM-RHj3J2PpR7BOqKXtjiJPAcDF_V9pe-J3HyU/viewanalytics) / [*Tiebreaker Results*](https://docs.google.com/forms/d/11oBewn6HyMIdV3kfusVTptWbT0YtGyXPa1AdZNQV7dc/viewanalytics) |\n| 9 | Tomorrow's Dust | [*Results*](https://docs.google.com/forms/d/1PttJw53arNFr4rjLURwE1LMC9Nk4mq5F_Kqjz0L5Ksc/viewanalytics) |\n| 10 | Posthumous Forgiveness | [*Results*](https://docs.google.com/forms/d/1oj8ngGjDlq8aG2JkNfmT0QukboRE6ybP3AqMhc45pEk/viewanalytics) |\n| 11 | Breathe Deeper | [*Results*](https://docs.google.com/forms/d/1_8Y7-IKHUbvViBy1b_wQPj3pr_zDrROlT_VHcd_CXcs/viewanalytics)\n\n---\n\nContact u/CAndrewK with any questions, comments, or concerns", 'https://www.reddit.com/r/TameImpala/comments/gvhz1b/the_slow_rush_survivor/', 'gvhz1b', [['u/alex_workman123', 30, '2020-06-03 01:35', 'https://www.reddit.com/r/TameImpala/comments/gvhz1b/the_slow_rush_survivor/fsov1r8/', 'Wow I just listened to the whole album to choose which song I liked the least and it was super hard to choose. This is gonna be a tough album to rank.', 'gvhz1b'], ['u/GoldPumpShotgun', 46, '2020-06-03 01:39', 'https://www.reddit.com/r/TameImpala/comments/gvhz1b/the_slow_rush_survivor/fsovh9p/', "There really aren't any BAD songs on the album, and it pains me to bring one song down in comparison to another when both are brilliant :( that being said RIP Glimmer", 'gvhz1b'], ['u/Sestri_Levanti', 15, '2020-06-03 04:43', 'https://www.reddit.com/r/TameImpala/comments/gvhz1b/the_slow_rush_survivor/fspf100/', 'This was already done and PF was the final survivor', 'gvhz1b'], ['u/CroMagnon69', 21, '2020-06-03 06:16', 'https://www.reddit.com/r/TameImpala/comments/gvhz1b/the_slow_rush_survivor/fspo6yc/', 'I’m un-subbing if glimmer gets voted out first', 'gvhz1b'], ['u/Sestri_Levanti', 10, '2020-06-03 08:34', 'https://www.reddit.com/r/TameImpala/comments/gvhz1b/the_slow_rush_survivor/fspzh1x/', 'It is goint to get voted first, since this Survivor was already done and got rekt on the first round', 'gvhz1b'], ['u/Pebbleswift', 15, '2020-06-03 18:36', 'https://www.reddit.com/r/TameImpala/comments/gvhz1b/the_slow_rush_survivor/fsrg8y9/', 'That was only like a week after the album came out, but now that people have had time to digest the album, I expect we might see some different results. Nothing too drastic, but nevertheless.', 'gvhz1b']]], ['u/_Knightsky', 'GUYS IT WORKED! Ceretropic.mx reship to USA final update!', 41, '2020-06-03 04:46', 'https://www.reddit.com/r/Nootropics/comments/gvlkry/guys_it_worked_ceretropicmx_reship_to_usa_final/', "So about a month ago I decided to document my attempt to get products for Ceretropics mexican store. I had found a few post on this sub about using a reshipper because they don't ship to the US, but no one had actually done it and reported on it. I wanted to make a little log to help out anyone who wants to do this. Please keep in mind this is the first time i've ever done something like this, I can't guarantee anything.\n\nNow for the good stuff, I got my shipment today from America-ship!! The shipping from Mexico to my home in Texas was lightning fast. I paid for the reship Friday, it shipped yesterday and arrived today (5/29-6/02). The shipping was $45, you have to have a membership with America-ship to send packages from MX to the US which cost $10. That's $55 total, plus the 125ish for my order of (1) P21 nose spray and (1) Adamax nose spray. Products were in fine condition and packed with extra bubble wrap.\n\nI didn't order directly from [Ceretropic.mx](https://Ceretropic.mx), I ordered from their sister site [cuerpoymente.mx](https://cuerpoymente.mx). The products are the exact same, its Just cuerpoymente takes bitcoin and cere only takes pesos. \n\nLet me know if you have any questions!!", 'https://www.reddit.com/r/Nootropics/comments/gvlkry/guys_it_worked_ceretropicmx_reship_to_usa_final/', 'gvlkry', [['u/dennischubly', 11, '2020-06-03 12:21', 'https://www.reddit.com/r/Nootropics/comments/gvlkry/guys_it_worked_ceretropicmx_reship_to_usa_final/fsqejsl/', "It's a Mexican company. 999 Pesos is about 45 USD.", 'gvlkry'], ['u/MisterYouAreSoDumb', 15, '2020-06-03 18:38', 'https://www.reddit.com/r/Nootropics/comments/gvlkry/guys_it_worked_ceretropicmx_reship_to_usa_final/fsrgkz1/', "We continue to supply and produce product for our Latin American distributors. Ceretropic has shut down US consumer operations, but we continue to support our distributors outside of the US. We produce and distribute to them. What they do after that is up to them. We don't set their pricing or policies. That is up to the individual distributor in the respective countries. The main issues that led to me shutting US Ceretropic down were banking and US regulatory risk. We are not involved in the consumer banking side of our distributors, and US regulations do not apply outside of the US. It's strictly B2B for us.", 'gvlkry'], ['u/MisterYouAreSoDumb', 11, '2020-06-03 21:30', 'https://www.reddit.com/r/Nootropics/comments/gvlkry/guys_it_worked_ceretropicmx_reship_to_usa_final/fss320b/', 'They are currently cuerpoymente.mx (Mexico), peptidos.co (Colombia) and sarms.rd (Dominican Republic). Obviously ceretropic.mx as well for Mexico.', 'gvlkry']]], ['u/jvyden420', 'Announcing HifumiBOT 2', 75, '2020-06-03 04:54', 'https://www.reddit.com/r/constantiam/comments/gvloy5/announcing_hifumibot_2/', "Hi, I'm jvyden420, licensed retard.\n\nYou may remember me for making HifumiBOT, the bot that, according to my own delusion, everyone loves!\n\nSince many of you have asked for it (A whopping 0! Wow!), today I'll be announcing my next project, HifumiBOT 2.\n\nWithout further ado, lets jump right into the features.\n\n## First off, quotes are coming back!\n\nAdditionally, it's a selection of the most \\*hilarious\\* quotes!\n\nThese include, and are limited to:\n\n* 69\n* 420\n* 1337\n\nI'm sure you'll love being spammed with these once every 2 messages.\n\n## The discord will be making a comeback, with a twist!\n\nIt'll be invite-only. Invites are granted to supporters of my upcoming subscription service, Hifumi++, for the low-low price of $99.99 a month!\n\nThis is to ensure that my fragile ego stays intact, and that I can keep the server running or some dumb propaganda like that.\n\n## Economy commands have returned.\n\nThats right, you can now gamble to your hearts content once again, especially because I've disabled the timed gambling limit!\n\nThat means if you do not submit to my economy, your chat will be LIVING HELL 24/7.\n\n## Hifumi 2 will be open source!\n\nThats right, I'm officially allowing multiple Hifumi instances to be on the server.\n\nIt's 50x the fun if 50x the Hifumi 2 instances respond to your !ping, right?\n\n## Code quality guaranteed*!\n\n*\\*This is a complete and utter lie.*\n\nUsing innovative technology such as the **\\[REDACTED TO NOT GET SUED FOR FALSE ADVERTISING\\]**\n\n## AutoLARP\n\nUsing advanced block-chain bitcoin crypto machine learning AI methods, I have managed to create the most unpure pure form of autism, automated larping!\n\nHifumi 2 will automagically form groups with other players and have them fight in an ego contest, all of course in public chat.\n\nI'm sure your ignore list will love you!\n\n## secks??? how\n\nyou can now have the funny 69 69 69 keanu chungus secks with da funny wheeb bot\n\n## Procedural Generation\n\nHifumi 2 will now automatically create commands on the fly using procedual generation. Never fail to run a command again.\n\nHeres an example:\n\n<UnsuspectingPlayer> !help\n\n<HifumiBOT> bm9ibGUgZHVwZWQgcmF3IGZpc2ggaXMgc3RpbGwgZnVubnksIHJpZ2h0IGd1eXM/Cg==\n\n<UnsuspectingPlayer> why have you failed me\n\nAs you can see, it's completely flawless!\n\n## Conclusion\n\nThat's all for now. This will release in exactly 41.74356345324 years, so be prepared! I hope you enjoy it when it comes out.\n\nAnd as always, I'll be doing an AMA in the comments.\n\nWhat do you think?\n\n[View Poll](https://www.reddit.com/poll/gvloy5)", 'https://www.reddit.com/r/constantiam/commen... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9800.64, 9665.53, 9653.68, 9758.85, 9771.49, 9795.70, 9870.09, 9321.78, 9480.84, 9475.28
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Hester Peirce, one of five commissioners with the U.S. Securities and Exchange Commission (SEC),has been tappedfor a second term at the regulatory agency.\nPeirce, who has been one of the most prominent crypto advocates among the U.S.’s regulatory agencies, took office in January 2018 after U.S. President Donald Trump nominated her to finish the last two years of a five-year-term. Without the renomination, her term would have expired on Friday.\nThe new term would see her serving through 2025, saidBloomberg Law, which first reported the move.\nRelated:SEC ‘Crypto Mom’ Hester Peirce Tapped for Second Term at US Regulator\nIn recent months, the regulator has proposeda safe harbor for crypto startupslooking to issue tokens, as a way of allowing these companies to raise funds and begin operations without fear of running afoul of U.S. securities laws. Peirce asked for the general publicto provide feedbackon the proposal after publishing it.\nPeirce has been dubbed “Crypto Mom,” after she publicly dissented on the SEC’s decision to reject a bitcoin exchange-traded fund application filed by Cameron and Tyler Winklevoss.\nPeirce declined to comment, but the regulatorpreviously told CoinDeskthat she did not feel as though her work at the agency was finished.\n“I certainly don’t feel done with what I want to do at the SEC. I really don’t feel done. There’s lots of work still to be done,” she said in February.\n• US Court Freezes Assets Linked to Alleged $9M ICO Scam\n• Telegram Quits Court Fight With SEC Over TON Blockchain Project\n• Kin Foundation Publishes First Transparency Report Amid SEC Court Fight', 'Hester Peirce, one of five commissioners with the U.S. Securities and Exchange Commission (SEC),has been tappedfor a second term at the regulatory agency.\nPeirce, who has been one of the most prominent crypto advocates among the U.S.’s regulatory agencies, took office in January 2018 after U.S. President Donald Trump nominated her to finish the last two years of a five-year-term. Without the renomination, her term would have expired on Friday.\nThe new term would see her serving through 2025, saidBloomberg Law, which first reported the move.\nRelated:SEC ‘Crypto Mom’ Hester Peirce Tapped for Second Term at US Regulator\nIn recent months, the regulator has proposeda safe harbor for crypto startupslooking to issue tokens, as a way of allowing these companies to raise funds and begin operations without fear of running afoul of U.S. securities laws. Peirce asked for the general publicto provide feedbackon the proposal after publishing it.\nPeirce has been dubbed “Crypto Mom,” after she publicly dissented on the SEC’s decision to reject a bitcoin exchange-traded fund application filed by Cameron and Tyler Winklevoss.\nPeirce declined to comment, but the regulatorpreviously told CoinDeskthat she did not feel as though her work at the agency was finished.\n“I certainly don’t feel done with what I want to do at the SEC. I really don’t feel done. There’s lots of work still to be done,” she said in February.\n• US Court Freezes Assets Linked to Alleged $9M ICO Scam\n• Telegram Quits Court Fight With SEC Over TON Blockchain Project\n• Kin Foundation Publishes First Transparency Report Amid SEC Court Fight', 'Hester Peirce, one of five commissioners with the U.S. Securities and Exchange Commission (SEC), has been tapped for a second term at the regulatory agency. Peirce, who has been one of the most prominent crypto advocates among the U.S.\x92s regulatory agencies, took office in January 2018 after U.S. President Donald Trump nominated her to finish the last two years of a five-year-term. Without the renomination, her term would have expired on Friday. The new term would see her serving through 2025, said Bloomberg Law , which first reported the move. Related: SEC \x91Crypto Mom\x92 Hester Peirce Tapped for Second Term at US Regulator In recent months, the regulator has proposed a safe harbor for crypto startups looking to issue tokens, as a way of allowing these companies to raise funds and begin operations without fear of running afoul of U.S. securities laws. Peirce asked for the general public to provide feedback on the proposal after publishing it. Peirce has been dubbed \x93 Crypto Mom ,\x94 after she publicly dissented on the SEC\x92s decision to reject a bitcoin exchange-traded fund application filed by Cameron and Tyler Winklevoss. Peirce declined to comment, but the regulator previously told CoinDesk that she did not feel as though her work at the agency was finished. \x93I certainly don\x92t feel done with what I want to do at the SEC. I really don\x92t feel done. There\x92s lots of work still to be done,\x94 she said in February. Related Stories US Court Freezes Assets Linked to Alleged $9M ICO Scam Telegram Quits Court Fight With SEC Over TON Blockchain Project Kin Foundation Publishes First Transparency Report Amid SEC Court Fight', 'The most popular way to use bitcoin off-chain is on Ethereum, recent data indicates.\nSince 2016, software engineers have worked to extend the oldest and largest cryptocurrency’s use cases through a variety of companion protocols, like the Lightning Network for payments or the Liquid Network for trading. But to date, the most popular off-chain protocols that use bitcoin (the currency, with asmall “b”) run on the largest rival toBitcoin(the network, uppercase).\nIn fact, Ethereum projects includingWBTCandimBTChold 70% more bitcoins than Lightning or Liquid.\nThis is “ironic” to Camila Russo, author of “The Infinite Machine“,a forthcoming book about Ethereum, but she’s not surprised.\nEthereum was designed to be “more flexible,” Russo explained, which allows these tokenized protocols to “thrive.” Bitcoin, on the other hand, was built “to do one thing well, which is to transfer value trustlessly and in a censorless way.”\n“Tokenized bitcoins,” as these projects are called, allow users to denominate in bitcoin when transacting in the Ethereum network’s emerging ecosystem of decentralized financial products. Instead of using ether (Ethereum’s native currency) to make loans or earn interest, for example, transactions are, in effect, made with bitcoin.\nThe supply of tokenized bitcoin has grown 330% year to date.\nRelated:Ethereum Has Become Bitcoin’s Top Off-Chain Destination\nIt’s important to note that the total amount of BTC held off the Bitcoin blockchain by both Ethereum- and Bitcoin-based protocols is tiny – only 8,285 BTC (worth $79 million as of Wednesday) – relative to the 18.4 million BTC issued since 2009.\nRecent growth in tokenized bitcoin on Ethereum is “only the beginning,” said Jack Purdy, a decentralized finance analyst at Messari.\n“Ethereum has an incredibly diverse set of financial applications built on it,” Purdy explained. “We’re going to start seeing a multitude of other use cases as the market for bitcoin on Ethereum continues to grow.”\nDespite the disparate growth levels between protocols using bitcoins off the Bitcoin blockchain, some tokenized bitcoin projects see themselves as complementary to – instead of in competition with – Bitcoin’s Lightning and Liquid networks.\n“Wrapped Bitcoin represents a digital asset – bitcoin – on the Ethereum chain, and is really complementary to Lightning,” said Kiarash Mosayeri, product manager at crypto custodian BitGo, which helped spearhead WBTC atlaunch in January 2019.\nGrowth on Ethereum- or- Bitcoin-based off-chain protocols will “drive adoption and increase the network effect for Bitcoin, attracting more applications and developers in the space,” Mosayeri said.\nBuilt on Bitcoin, Lightning and Liquid also aim to extend the leading cryptocurrency’s utility, similar to the goals of tokenized bitcoin projects. But these protocols have a narrower focus of improving the speed and privacy of small and large off-chain bitcoin transactions, respectively.\n“Both approaches offer different capabilities and security tradeoffs,” said Matt Luongo, CEO of Thesis, which launched tBTC in May. “I’m a huge fan of the Lightning Network, and I believe it will become more and more relevant in commerce and in new applications like gaming.”\nGrowing interest in using bitcoin on other blockchains shows that “there is interest in building more advanced features that might not be directly realizable on the Bitcoin blockchain itself,” said Christian Decker, engineer and researcher at Blockstream, the technology company that launched the Liquid Network and the c-lightning implementation of Lightning.\nBoth types of off-chain protocols are important, explains Olivia Lovenmark, previously at BitGo and Thesis.\n“Tokenized protocols like tBTC and wBTC can be more personally exciting because they expand a bitcoin holder’s financial options, whereas tokenless protocols, like Lightning, improve network infrastructure, which is broadly a community benefit,” said Lovenmark.\nUltimately, whether on Ethereum or Bitcoin, recent growth suggests users want to transact in bitcoin.\nAccording to Decker, interest in using bitcoin on other blockchains is “a strong signal that the interest in Bitcoin itself is increasing, and that other tokens are losing ground when it comes to bitcoins.”\n“I’m not really surprised that users on Ethereum are looking to get exposure to bitcoin, but don’t want to switch over to the Bitcoin network,” Decker added. “That’d also explain why these wrapped bitcoins exist on Ethereum and not on Bitcoin, since the base functionality of Bitcoin already covers what the users are looking for.”\nRegardless of the motivations behind tokenized bitcoin projects, these Ethereum-based protocols could benefit bitcoin through broader adoption, Lovenmark said.\n“Growth of off-chain Bitcoin protocols means greater optionality for holders,” she said. “This increases use cases for bitcoin and, thus, adoption.”\n• Miners Are Selling More of Their Bitcoin. That May Actually Be Bullish\n• Matic Launches Mainnet Aiming to Bring More ‘Firepower’ to Ethereum' **Last 60 Days of Bitcoin's Closing Prices:** [6791.13, 7271.78, 7176.41, 7334.10, 7302.09, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-06-04 **Financial & Commodity Data:** - Gold Closing Price: $1718.90 - Crude Oil Closing Price: $37.41 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $176,627,798,944 - Hash Rate: 108668660.65278 - Transaction Count: 318285.0 - Unique Addresses: 628388.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.54 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Messenger app Telegram's long-running and embattled blockchain project, TON, has come to an end, according to founder Pavel Durov. Durov said in a message posted to his official Telegram channel on Tuesday that the firm's entrenched fight with U.S. regulators was to blame. The Securities and Exchange Commission sued Telegram last fall in an effort to halt the distribution of TON tokens to U.S. investors. That sale raised as much as $1.7 billion, as previously reported. As Durov noted: "Unfortunately, a US court stopped TON from happening. How? Imagine that several people put their money together to build a gold mine – and to later split the gold that comes out of it. Then a judge comes and says: 'These people invested in the gold mine because they were looking for profits. And they didn't want that gold for themselves, they wanted to sell it to other people. Because of this, they are not allowed to get the gold.'" "If this doesn't make sense to you, you are not alone – but this is exactly what happened with TON (the mine) and Grams (the gold). A judge used this reasoning to rule that people should not be allowed to buy or sell Grams like they can buy or sell Bitcoins," he continued. Durov issued a harsh indictment of the U.S. government and the degree of its global influence in the financial arena. He wrote: "Sadly, the US judge is right about one thing: we, the people outside the US, can vote for our presidents and elect our parliaments, but we are still dependent on the United States when it comes to finance and technology (luckily not coffee). The US can use its control over the dollar and the global financial system to shut down any bank or bank account in the world. It can use its control over Apple and Google to remove apps from the App Store and Google Play. So yes, it is true that other countries do not have full sovereignty over what to allow on their territory. Unfortunately, we – the 96% of the world's population living elsewhere – are dependent on decision makers elected by the 4% living in the US." Story continues Durov also issued a veiled word of caution about projects that utilize the TON marketing or seek to tie themselves to Telegram itself. "You may see – or may have already seen – sites using my name or the Telegram brand or the "TON" abbreviation to promote their projects. Don't trust them with your money or data. No present or past member of our team is involved with any of these projects. While networks based on the technology we built for TON may appear, we won't have any affiliation with them and are unlikely to ever support them in any way. So be careful, and don't let anyone mislead you," he wrote. He closed by writing: "I want to conclude this post by wishing luck to all those striving for decentralization, balance and equality in the world. You are fighting the right battle. This battle may well be the most important battle of our generation. We hope that you succeed where we have failed." © 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.... - Reddit Posts (Sample): [['u/SatoshiDiceCash', 'Satoshi Dice update!!!', 78, '2020-06-04 00:54', 'https://www.reddit.com/r/btc/comments/gw4ryd/satoshi_dice_update/', "Recently one of our loyal players [pointed out](https://www.reddit.com/r/btc/comments/gv16h7/satoshidice_is_not_being_fair/) how we can make the game even more fair.\n\nNow players can send any amount of Bitcoin Cash to Satoshi Dice, and any amount in excess of the maximum permitted bet amount will be returned to the player automatically. \nPreviously overages were kept by Satoshi Dice in the case of the player losing. \n\n\nWith this new update, players can now send ANY AMOUNT of Bitcoin Cash to Satoshi Dice without having to worry about the maximum bet size. \n\n\nWe have also [refunded](https://explorer.bitcoin.com/bch/tx/ba81d3438891677c6c9ec9c235a780aa6cdfc51f155f4a83ef8d465dcaaaa777) the previous player's over paid amount.\n\n**You ask, we listen! What would you like to see next?** \n\n\n# [SatoshiDice.com](https://SatoshiDice.com)", 'https://www.reddit.com/r/btc/comments/gw4ryd/satoshi_dice_update/', 'gw4ryd', [['u/playfulexistence', 14, '2020-06-04 01:04', 'https://www.reddit.com/r/btc/comments/gw4ryd/satoshi_dice_update/fsstt45/', "It's great that you replied so quickly and solved this problem.\n\nWhen I saw the original post it did seem unfair. I was almost certain that you would refund his lost coins. Good to see that this is what happened!", 'gw4ryd'], ['u/HeavenHellorHoboken', 18, '2020-06-04 01:32', 'https://www.reddit.com/r/btc/comments/gw4ryd/satoshi_dice_update/fsswylz/', 'Glad you guys did the right thing for our friend!', 'gw4ryd'], ['u/chainxor', 10, '2020-06-04 01:33', 'https://www.reddit.com/r/btc/comments/gw4ryd/satoshi_dice_update/fssx4tk/', "You're awesome! \n\n\nIt is nice to see crypto companies such as you being transparent and having good reactions to feedback.", 'gw4ryd'], ['u/yanshizhai', 35, '2020-06-04 04:51', 'https://www.reddit.com/r/btc/comments/gw4ryd/satoshi_dice_update/fstijjs/', 'Thank you Sir! Glad to be mentioned.\n\nBtw, there is another smaller over-max-bet\n\n[https://satoshidice.com/fair/?id=946123](https://satoshidice.com/fair/?id=946123)\n\nIf you could refund 10-7.5 = 2.5 BCH, that would be highly appreciated.\n\nGuys, please reply and upvote this comments. First 10 people get tips if I get the refund. :D \n\n\n\\[update\\] refund received. Tips sent. Thank you!', 'gw4ryd'], ['u/SatoshiDiceCash', 16, '2020-06-04 20:28', 'https://www.reddit.com/r/btc/comments/gw4ryd/satoshi_dice_update/fsvxm6z/', "No. We are considering switching Satoshi Dice to another chain since almost nothing was done regarding our [original request](https://www.reddit.com/r/btc/comments/clr0sj/a_request_from_satoshi_dice_to_the_bitcoin_cash/) and the window expired 5 months ago. The great [response](https://www.bitcoinunlimited.info/blog/6a710fed-21d3-499a-97a5-e1a419bc0a6f) from Bitcoin Unlimited gave us some hope, but ABC's response has been very disappointing.", 'gw4ryd']]], ['u/yanshizhai', 'Where should I donate for BCH development?', 50, '2020-06-04 02:04', 'https://www.reddit.com/r/btc/comments/gw612i/where_should_i_donate_for_bch_development/', '\\[update\\] Donated to Bitcoin ABC\n\n[https://blockchair.com/bitcoin-cash/transaction/3fbab32821cb591dfcc446ac6c78ac4e8608be925f377c6514ce3e0077e36eb3](https://blockchair.com/bitcoin-cash/transaction/3fbab32821cb591dfcc446ac6c78ac4e8608be925f377c6514ce3e0077e36eb3) \n\n\nAs I promised in this thread [https://www.reddit.com/r/btc/comments/gv16h7/satoshidice\\_is\\_not\\_being\\_fair/](https://www.reddit.com/r/btc/comments/gv16h7/satoshidice_is_not_being_fair/)\n\nI\'m going to donate 10BCH to BCH development.\n\nBtw, after sending out bunch of tips, it appears hit the "too long mempool chain" issue..', 'https://www.reddit.com/r/btc/comments/gw612i/where_should_i_donate_for_bch_development/', 'gw612i', [['u/playfulexistence', 14, '2020-06-04 02:11', 'https://www.reddit.com/r/btc/comments/gw612i/where_should_i_donate_for_bch_development/fst1ey4/', '>Btw, after sending out bunch of tips, it appears hit the "too long mempool chain" issue..\n\nIronically this is the exact issue that Satoshi Dice pledged 1000 BCH for a fix.\n\n[https://www.reddit.com/r/btc/comments/clr0sj/a\\_request\\_from\\_satoshi\\_dice\\_to\\_the\\_bitcoin\\_cash/](https://www.reddit.com/r/btc/comments/clr0sj/a_request_from_satoshi_dice_to_the_bitcoin_cash/)', 'gw612i'], ['u/yanshizhai', 10, '2020-06-04 04:46', 'https://www.reddit.com/r/btc/comments/gw612i/where_should_i_donate_for_bch_development/fsti0dz/', "I'm a big fan of ABC regardless of all the chaos. Thank you!", 'gw612i']]], ['u/devonthed00d', 'Do you tell your financial advisors about your BTC?', 13, '2020-06-04 04:27', 'https://www.reddit.com/r/Bitcoin/comments/gw8d8k/do_you_tell_your_financial_advisors_about_your_btc/', 'Hiring a respectable medium sized wealth management company soon to make sure I’m on the right track, etc, etc. They want a list of current assets (stocks, cars, real estate, all that) \n\nYou guys have taught me to hide it well & not paint a target on my back.\n\nMy question is do I tell them about my crypto / btc hodlings or nah?\n\nObviously I’m no whale. The amount I do have is minuscule in comparison to some of you guys, but still wondering if I put it on the asset list or not.\n\nThoughts?', 'https://www.reddit.com/r/Bitcoin/comments/gw8d8k/do_you_tell_your_financial_advisors_about_your_btc/', 'gw8d8k', [['u/Life-Observer', 13, '2020-06-04 04:32', 'https://www.reddit.com/r/Bitcoin/comments/gw8d8k/do_you_tell_your_financial_advisors_about_your_btc/fstgmjp/', 'so in this case you became the advisor?', 'gw8d8k'], ['u/thebawller', 13, '2020-06-04 05:08', 'https://www.reddit.com/r/Bitcoin/comments/gw8d8k/do_you_tell_your_financial_advisors_about_your_btc/fstk7k3/', 'Paying for a financial advisor? Yikes.', 'gw8d8k'], ['u/[deleted]', 15, '2020-06-04 05:25', 'https://www.reddit.com/r/Bitcoin/comments/gw8d8k/do_you_tell_your_financial_advisors_about_your_btc/fstly1h/', 'Financial advisor? Stonks? What is this, the 50s?', 'gw8d8k'], ['u/thegrandknight', 13, '2020-06-04 08:22', 'https://www.reddit.com/r/Bitcoin/comments/gw8d8k/do_you_tell_your_financial_advisors_about_your_btc/fsu18wp/', 'Only talk to experts about things they understand', 'gw8d8k'], ['u/Treyzania', 16, '2020-06-04 09:26', 'https://www.reddit.com/r/Bitcoin/comments/gw8d8k/do_you_tell_your_financial_advisors_about_your_btc/fsu5qse/', 'I just use /r/wallstreetbets.', 'gw8d8k']]], ['u/AutoModerator', '[Daily Discussion] Thursday, June 04, 2020', 43, '2020-06-04 06:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/gw9uq8/daily_discussion_thursday_june_04_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/gw9uq8/daily_discussion_thursday_june_04_2020/', 'gw9uq8', [['u/hajjidamus', 14, '2020-06-04 06:19', 'https://www.reddit.com/r/BitcoinMarkets/comments/gw9uq8/daily_discussion_thursday_june_04_2020/fstr3yf/', 'When Europe rallies and America does not is that a fiat market equivalent of an alt season?', 'gw9uq8'], ['u/hajjidamus', 11, '2020-06-04 06:38', 'https://www.reddit.com/r/BitcoinMarkets/comments/gw9uq8/daily_discussion_thursday_june_04_2020/fstsr4k/', 'Well... One could argue that alts live on a scale as well (e.g. BNB > DentaCoin). \n\nAlso. What about DJIA vs. FTSE vs. NIKKE for the analogy? \n\nI used to work with a dude (economist) who had this idea about markets having sort of gravitational pulls on each other. He was using similar formulas used to measure the forces between planets and moons and applying them to markets.', 'gw9uq8'], ['u/IllMakeItUpNow', 16, '2020-06-04 07:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/gw9uq8/daily_discussion_thursday_june_04_2020/fstvdys/', 'Screw that let’s kick the door in and run up on this motherfucker! 🤺', 'gw9uq8'], ['u/skyenga1', 10, '2020-06-04 10:03', 'https://www.reddit.com/r/BitcoinMarkets/comments/gw9uq8/daily_discussion_thursday_june_04_2020/fsu87ig/', "From my comment history you probably would've guessed that I was liquidated. Why are you asking lol? Gonna rub my nose in it?", 'gw9uq8'], ['u/TerminalHighGuard', 11, '2020-06-04 13:38', 'https://www.reddit.com/r/BitcoinMarkets/comments/gw9uq8/daily_discussion_thursday_june_04_2020/fsumba6/', "Stoploss set in case of breakdown. I fear my turn to the shortside is at hand. Do not mourn, for I have provided more than enough liquidity for the market. \n\nGentlemen, it's been an honor.\n\nEdit: Haaaa whatabounce.jpeg", 'gw9uq8'], ['u/csasker', 15, '2020-06-04 13:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/gw9uq8/daily_discussion_thursday_june_04_2020/fsumgm8/', 'the dual lightsabers are back', 'gw9uq8'], ['u/wolfofwalton', 11, '2020-06-04 15:41', 'https://www.reddit.com/r/Bitcoi... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9665.53, 9653.68, 9758.85, 9771.49, 9795.70, 9870.09, 9321.78, 9480.84, 9475.28, 9386.79
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:** ['By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - Investors expecting a sudden surge in bitcoin\'s price, after it underwent a technical adjustment three weeks ago that reduced the rate at which new coins are generated, may have to wait a few months, or perhaps a few years. Bitcoin traded in narrow ranges after it went through a third so-called halving on May 11, which cut the rewards given to those who "mine" bitcoin to 6.25 new coins from 12.5. There were some expectations that bitcoin would soar, similar to what happened after the two previous adjustments as the "halving" effectively decreased its supply. The virtual currency has gained 11% since the adjustment, but it had more down days than up days and analysts said technical momentum overall was negative. In contrast, bitcoin had soared more than 40% from January this year until the "halving." On Thursday, bitcoin was at $9,783. It breached $10,000 twice after the "halving" but retreated as it found tough resistance at that level. "Bitcoin is on a see-saw, between bulls and bears," said Nicholas Pelecanos, head of trading at NEM Ventures. "On one end, we have network data and technicals; the other, strong fundamentals and a correlation to U.S. stock indices." He added that bitcoin\'s network data is flashing more bearish than bullish signals, as he expects further short-term selling. Beyond the short term though, many investors expect a price surge. The first halving, in November 2012, catalyzed a rally for bitcoin from about $10 to $1,160 in 12 months. The second halving, in July 2016, saw bitcoin jump more than 300%, from $650 to $2,800 within the same time span. "It may take six to 12 months for investors to reap the rewards of post-halving price movements," said Lennard Neo, head of research at Stack Funds. "In reality, there is a significant time lag between the halving event and the establishment of renewed market equilibrium based on general supply and demand," he added. Story continues Since miners\' profits have contracted as block rewards decreased by 50%, the "halving" has affected the supply side of bitcoin and increased the time needed for miners to find their break-even point. Once this is found, Stack\'s Neo said, bitcoin is likely to realize its "halving-induced" price appreciation. Investors are also banking on higher institutional demand to further propel the price of bitcoin. Fund flows into the biggest crypto asset managers have been robust in the midst of the coronavirus pandemic. "When we look at institutional inflows for our products and that of another asset manager, what you\'re seeing are purchases that have now outstripped, for the first time, new bitcoins being created by 150%," said Danny Masters, chairman of CoinShares, with $1 billion in crypto assets. Michael Sonnenshein, managing director at Grayscale with $4 billion in crypto assets under management, said since April the firm\'s bitcoin investment fund has ballooned to $3.5 billion as of June 2, from $2 billion at the end of the first quarter. "There\'s a lot of momentum and interest in investing in digital currencies particularly in the face of uncertainty, the pandemic, political tensions, and the amount of stimulus being pumped into the global economy," said Sonnenshein. James Wo, chairman of Digital Finance Group, a $500 million crypto and blockchain fund, likens bitcoin to digital gold, and as such, the digital currency has barely scratched the surface. "Bitcoin has great potential to grow," said Wo. "Gold has an eight trillion-dollar valuation, while bitcoin has less than $200 billion dollars in valuation. It just needs more time for mainstream adoption. People need enough time to fully understand and believe in it." (Reporting by Gertrude Chavez-Dreyfuss; Editing by Alden Bentley and Steve Orlofsky)', 'By Gertrude Chavez-Dreyfuss\nNEW YORK (Reuters) - Investors expecting a sudden surge in bitcoin\'s price, after it underwent a technical adjustment three weeks ago that reduced the rate at which new coins are generated, may have to wait a few months, or perhaps a few years.\nBitcoin traded in narrow ranges after it went through a third so-called halving on May 11, which cut the rewards given to those who "mine" bitcoin to 6.25 new coins from 12.5.\nThere were some expectations that bitcoin would soar, similar to what happened after the two previous adjustments as the "halving" effectively decreased its supply.\nThe virtual currency has gained 11% since the adjustment, but it had more down days than up days and analysts said technical momentum overall was negative. In contrast, bitcoin had soared more than 40% from January this year until the "halving."\nOn Thursday, bitcoin was at $9,783. It breached $10,000 twice after the "halving" but retreated as it found tough resistance at that level.\n"Bitcoin is on a see-saw, between bulls and bears," said Nicholas Pelecanos, head of trading at NEM Ventures. "On one end, we have network data and technicals; the other, strong fundamentals and a correlation to U.S. stock indices."\nHe added that bitcoin\'s network data is flashing more bearish than bullish signals, as he expects further short-term selling.\nBeyond the short term though, many investors expect a price surge.\nThe first halving, in November 2012, catalyzed a rally for bitcoin from about $10 to $1,160 in 12 months. The second halving, in July 2016, saw bitcoin jump more than 300%, from $650 to $2,800 within the same time span.\n"It may take six to 12 months for investors to reap the rewards of post-halving price movements," said Lennard Neo, head of research at Stack Funds.\n"In reality, there is a significant time lag between the halving event and the establishment of renewed market equilibrium based on general supply and demand," he added.\nSince miners\' profits have contracted as block rewards decreased by 50%, the "halving" has affected the supply side of bitcoin and increased the time needed for miners to find their break-even point.\nOnce this is found, Stack\'s Neo said, bitcoin is likely to realize its "halving-induced" price appreciation.\nInvestors are also banking on higher institutional demand to further propel the price of bitcoin. Fund flows into the biggest crypto asset managers have been robust in the midst of the coronavirus pandemic.\n"When we look at institutional inflows for our products and that of another asset manager, what you\'re seeing are purchases that have now outstripped, for the first time, new bitcoins being created by 150%," said Danny Masters, chairman of CoinShares, with $1 billion in crypto assets.\nMichael Sonnenshein, managing director at Grayscale with $4 billion in crypto assets under management, said since April the firm\'s bitcoin investment fund has ballooned to $3.5 billion as of June 2, from $2 billion at the end of the first quarter.\n"There\'s a lot of momentum and interest in investing in digital currencies particularly in the face of uncertainty, the pandemic, political tensions, and the amount of stimulus being pumped into the global economy," said Sonnenshein.\nJames Wo, chairman of Digital Finance Group, a $500 million crypto and blockchain fund, likens bitcoin to digital gold, and as such, the digital currency has barely scratched the surface.\n"Bitcoin has great potential to grow," said Wo. "Gold has an eight trillion-dollar valuation, while bitcoin has less than $200 billion dollars in valuation. It just needs more time for mainstream adoption. People need enough time to fully understand and believe in it."\n(Reporting by Gertrude Chavez-Dreyfuss; Editing by Alden Bentley and Steve Orlofsky)', 'By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - Investors expecting a sudden surge in bitcoin\'s price, after it underwent a technical adjustment three weeks ago that reduced the rate at which new coins are generated, may have to wait a few months, or perhaps a few years. Bitcoin traded in narrow ranges after it went through a third so-called halving on May 11, which cut the rewards given to those who "mine" bitcoin to 6.25 new coins from 12.5. There were some expectations that bitcoin would soar, similar to what happened after the two previous adjustments as the "halving" effectively decreased its supply. The virtual currency has gained 11% since the adjustment, but it had more down days than up days and analysts said technical momentum overall was negative. In contrast, bitcoin had soared more than 40% from January this year until the "halving." On Thursday, bitcoin was at $9,783 <BTC=BTSP>. It breached $10,000 twice after the "halving" but retreated as it found tough resistance at that level. "Bitcoin is on a see-saw, between bulls and bears," said Nicholas Pelecanos, head of trading at NEM Ventures. "On one end, we have network data and technicals; the other, strong fundamentals and a correlation to U.S. stock indices." He added that bitcoin\'s network data is flashing more bearish than bullish signals, as he expects further short-term selling. Beyond the short term though, many investors expect a price surge. The first halving, in November 2012, catalyzed a rally for bitcoin from about $10 to $1,160 in 12 months. The second halving, in July 2016, saw bitcoin jump more than 300%, from $650 to $2,800 within the same time span. "It may take six to 12 months for investors to reap the rewards of post-halving price movements," said Lennard Neo, head of research at Stack Funds. "In reality, there is a significant time lag between the halving event and the establishment of renewed market equilibrium based on general supply and demand," he added. Story continues Since miners\' profits have contracted as block rewards decreased by 50%, the "halving" has affected the supply side of bitcoin and increased the time needed for miners to find their break-even point. Once this is found, Stack\'s Neo said, bitcoin is likely to realize its "halving-induced" price appreciation. Investors are also banking on higher institutional de **Last 60 Days of Bitcoin's Closing Prices:** [7271.78, 7176.41, 7334.10, 7302.09, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-06-05 **Financial & Commodity Data:** - Gold Closing Price: $1676.20 - Crude Oil Closing Price: $39.55 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $179,077,819,594 - Hash Rate: 122192367.725211 - Transaction Count: 327082.0 - Unique Addresses: 643217.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.53 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Ripple’s polarising XRP token continues to be one of the most bearish cryptocurrencies despite rising by 2.5% today. It has once again failed to break above the daily 200 moving average with it now looking like a move towards the $0.20 level of support is on the cards over the typically low volume weekend. The stagnation in price comes in spite of Bitcoin’s stunning rise ahead of next week’s halving event, which has seen it surge to as high as $9,550 over the course of today. But with much of the attention focused on Bitcoin, altcoins are falling by the wayside as overall Bitcoin dominance continues to rise. In order for XRP to prove critics and analysts wrong it desperately needs to rally above $0.226, which is only a 5% move from its current position. A move of that magnitude would open up a great deal of potential for XRP, with upside price targets emerging at $0.2445 and $0.2968. However, in order for a rally to be sustained it would need an injection of trade volume, something that it has struggled to maintain over the past two months. What’s far more likely is a further corrective move to the downside to the $0.1692 level of support, which was a point of resistance during XRP’s recovery in Apil. 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.... - 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.
9653.68, 9758.85, 9771.49, 9795.70, 9870.09, 9321.78, 9480.84, 9475.28, 9386.79, 9450.70
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Bitcoin fell by 1.74% on Friday. Reversing a 1.17% gain from Thursday, Bitcoin ended the day at $9,620.4. It was another mixed start to the day. Bitcoin rose to a late morning intraday high $9,865.8 before hitting reverse. Falling short of the first major resistance level at $9,961.53, Bitcoin slid to a late morning low $9,624.1. Steering clear of the major support levels, Bitcoin recovered to $9,700 levels before falling to a final hour intraday low $9,620.4. In spite of the late pullback, Bitcoin steered clear of the first major support level at $9,540.43. The near-term bullish trend remained intact, in spite of Friday’s pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was another mixed day for the majors on Friday. Binance Coin and EOS bucked the trend on the day, with gains of 0.97% and 3.43% respectively. It was a bearish day for the rest of the majors. Cardano’s ADA slid by 4.12% to lead the way down. Litecoin (-1.43%), Ethereum (-1.29%), Stellar’s Lumen (-2.75%), and Tezos (-2.10%) also struggled. Bitcoin Cash ABC (-0.07%), Bitcoin Cash SV (-0.44%), Monero’s XMR (-0.95%), Ripple’s XRP (-0.81%) saw relatively modest losses on the day. Through the current week, the crypto total market cap rose to a Monday high $285.71bn before sliding to a Tuesday low $255.98bn. At the time of writing, the total market cap stood at $268.23bn. At the start of the week, Bitcoin’s rose to a Monday high 67.13% before falling to a Thursday low 65.61%. At the time of writing, Bitcoin’s dominance stood at 65.77%. This Morning At the time of writing, Bitcoin was down by 0.24% to $9,597.0. A bearish start to the day saw Bitcoin fall from an early morning high $9,620.4 to a low $9,552.6. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Story continues Cardano’s ADA found early support, rising by 2.08%. EOS (+0.37%), Ethereum (+0.12%), and Ripple’s XRP (+0.17%) also saw green early on. It was a bearish start to the day for the rest of the majors, however. At the time of writing, Tron’s TRX was down by 1.10% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to move through to $9,700 levels to bring the first major resistance level at $9,784.0 into play. Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $9,620.4. Barring a broad-based crypto rally, the first major resistance level would likely limit any upside. In the event of an extended crypto rally, Bitcoin could eye the second major resistance level at $9,947.6 before any pullback. Failure to move through to $9,700 levels could see Bitcoin struggle on the day. A fall back through the morning low $9,552.6 would bring the first major support level at $9,538.6 into play. Barring an extended crypto sell-off, however, Bitcoin should steer clear of the second major support level at $9,456.8. This article was originally posted on FX Empire More From FXEMPIRE: The Crypto Daily – Movers and Shakers -06/06/20 US Stock Market Overview – Stocks Rally Following Unexpected Jobs Gains Natural Gas Weekly Price Forecast – Natural Gas Markets Continue Sideways Action Silver Weekly Price Forecast – Silver Markets Pull Back From Major Level S&P 500 Earnings Preview – Next Week Entertainment and Retail Continue to Post Financial Results Gold Weekly Price Forecast – Gold Markets Continue to Digest Longer-Term Gains', 'Bitcoin fell by 1.74% on Friday. Reversing a 1.17% gain from Thursday, Bitcoin ended the day at $9,620.4. It was another mixed start to the day. Bitcoin rose to a late morning intraday high $9,865.8 before hitting reverse. Falling short of the first major resistance level at $9,961.53, Bitcoin slid to a late morning low $9,624.1. Steering clear of the major support levels, Bitcoin recovered to $9,700 levels before falling to a final hour intraday low $9,620.4. In spite of the late pullback, Bitcoin steered clear of the first major support level at $9,540.43. The near-term bullish trend remained intact, in spite of Friday’s pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was another mixed day for the majors on Friday. Binance Coin and EOS bucked the trend on the day, with gains of 0.97% and 3.43% respectively. It was a bearish day for the rest of the majors. Cardano’s ADA slid by 4.12% to lead the way down. Litecoin (-1.43%), Ethereum (-1.29%), Stellar’s Lumen (-2.75%), and Tezos (-2.10%) also struggled. Bitcoin Cash ABC (-0.07%), Bitcoin Cash SV (-0.44%), Monero’s XMR (-0.95%), Ripple’s XRP (-0.81%) saw relatively modest losses on the day. Through the current week, the crypto total market cap rose to a Monday high $285.71bn before sliding to a Tuesday low $255.98bn. At the time of writing, the total market cap stood at $268.23bn. At the start of the week, Bitcoin’s rose to a Monday high 67.13% before falling to a Thursday low 65.61%. At the time of writing, Bitcoin’s dominance stood at 65.77%. This Morning At the time of writing, Bitcoin was down by 0.24% to $9,597.0. A bearish start to the day saw Bitcoin fall from an early morning high $9,620.4 to a low $9,552.6. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Story continues Cardano’s ADA found early support, rising by 2.08%. EOS (+0.37%), Ethereum (+0.12%), and Ripple’s XRP (+0.17%) also saw green early on. It was a bearish start to the day for the rest of the majors, however. At the time of writing, Tron’s TRX was down by 1.10% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to move through to $9,700 levels to bring the first major resistance level at $9,784.0 into play. Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $9,620.4. Barring a broad-based crypto rally, the first major resistance level would likely limit any upside. In the event of an extended crypto rally, Bitcoin could eye the second major resistance level at $9,947.6 before any pullback. Failure to move through to $9,700 levels could see Bitcoin struggle on the day. A fall back through the morning low $9,552.6 would bring the first major support level at $9,538.6 into play. Barring an extended crypto sell-off, however, Bitcoin should steer clear of the second major support level at $9,456.8. This article was originally posted on FX Empire More From FXEMPIRE: The Crypto Daily – Movers and Shakers -06/06/20 US Stock Market Overview – Stocks Rally Following Unexpected Jobs Gains Natural Gas Weekly Price Forecast – Natural Gas Markets Continue Sideways Action Silver Weekly Price Forecast – Silver Markets Pull Back From Major Level S&P 500 Earnings Preview – Next Week Entertainment and Retail Continue to Post Financial Results Gold Weekly Price Forecast – Gold Markets Continue to Digest Longer-Term Gains', 'Coinbase is getting in on the government blockchain analytics game.\nThe behemoth cryptocurrency exchange has initiated procurement deals with the Drug Enforcement Administration (DEA) and the Internal Revenue Service (IRS) for a cryptocurrency investigations tool called “Coinbase Analytics,” according to publicly available documents.The Block first reportedon the prospective deals Friday.\nCoinbase Analytics has close ties with Coinbase’s entire product ecosystem, as its Senior Product Manager “collaborates” with “Coinbase Consumer, Coinbase Pro, and Coinbase Custody as well as” Coinbase’s payments and crypto division, according to an undated but now closed jobposting.\nIn an emailed statement, Coinbase said its Analytics product does not and has never used any internal customer data.\n“Coinbase Analytics data is fully sourced from online, publicly-available data, and does not include any personally-identifiable information for anyone, regardless of whether or not they use Coinbase,” a spokesperson told CoinDesk.\nCoinbase joins a crowded field of cryptocurrency analytics companies – Chainalysis, Elliptic, CipherTrace and others – vying for a piece of the federal pie. Agencies from all corners of the U.S government regularly contract with crypto intel firms, inking deals for their tracing software worth millions, and sometimes stretching years.\nRead more:Inside Chainalysis’ Multimillion-Dollar Relationship With the US Government\nRelated:Coinbase Offers US Feds New Crypto Surveillance Tools\nApparently, Coinbase, whobought blockchain intelligence firm Neutrinoin February 2019, is about to undercut the competition.\n“This is the least expensive tool on the market and has the most features for the money,” read aDEA May noticeso heavily redacted that those features’ specifics are unclear. But they are unique, as theIRS notice, published in April, notes Coinbase Analytics has “enhanced law enforcement sensitive capabilities that are not currently found in other tools on the market.”\nCoinbase confirmed that it developed the Analytics product from Neutrino. It further stated that Analytics is available for financial institutions and law enforcement agencies alike, and is used in internal investigations.\n“It’s an important tool to meet our regulatory requirements and protect our customers’ funds,” Coinbase said.\nThe DEA’s interest appears to stem in part from Coinbase Analytics’ pinpoint accuracy. It has “some of the most conservative heuristics used in commercial blockchain tracing tools,” a “critical” distinction in avoiding false positives, the DEA notice read.\nNeither the DEA or IRS disclosed the bottom-line value of their prospective deals, which federal contract websites indicate have not been finalized yet. Both agencies seek year-long contacts with Coinbase, and the DEA deal is not more than $250,000.\nThe IRS has recently begun ramping up i **Last 60 Days of Bitcoin's Closing Prices:** [7176.41, 7334.10, 7302.09, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-06-06 **Financial & Commodity Data:** - Gold Closing Price: $1676.20 - Crude Oil Closing Price: $39.55 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $179,077,819,594 - Hash Rate: 133797229.464477 - Transaction Count: 284873.0 - Unique Addresses: 548424.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.54 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: The original Bitcoin developer, who many believe to be the man behind the Satoshi Nakamoto pseudonym, has predicted that Bitcoin will surpass a valuation of $300,000 per coin within the next five years. The 49-year-old, who is now the CEO of Blockstream, believes that Bitcoin will come into its own as a result of money being pumped into economies around the world to prevent the economic effects of the Coronavirus. Back told Bloomberg that, contrary to popular belief, it will not be institutional investment that drives Bitcoin to the upside, with an added emphasis being added on retail investors who may be lured into investing as global economies stutter . “It might not require additional institutional adoption because the current environment is causing more individuals to think about hedging,” Back said. “And retaining value when there’s a lot of money printing in the world.” Another name is being spread around the crypto community as the possible real identity of Bitcoin creator Satoshi Nakamoto https://t.co/NMgsoOxp17 — Bloomberg Crypto (@crypto) June 2, 2020 He went on to say that with more people working from home, investors may turn to Bitcoin as a result of the uncertain housing market and high levels of unemployment. Back continued: “It is causing people to think about the value of money and looking for ways to preserve money. It’s a difficult environment to get any yield.” On the topic of who is behind the Satoshi Nakamoto moniker, Back admitted that it wasn’t him while stating that it’s better than the true identity is kept as a mystery. “It’s generally viewed at this point as better that the founder of Bitcoin is not known, because a lot of people have a hierarchical mindset,” Back said. “If you read about a technology, you try to figure out who is the CEO of a company, and people want to ask questions. Because Bitcoin is more like a digital gold, you wouldn’t want gold to have a founder. For Bitcoin to keep a commodity-like perception, I think it’s a very good thing that Satoshi stays out of the public.” For more news, guides and cryptocurrency analysis, click here .... - Reddit Posts (Sample): [['u/Chazzyphant', 'Billions seems to be missing a very exciting and interesting story direction in favor of retread plot lines that favor Axe and Chuck wheeling and dealing and conquering all---over and over. It\'s feeling a little like the SNL parody of "Entourage" at this point!', 59, '2020-06-06 04:06', 'https://www.reddit.com/r/Billions/comments/gxi7tb/billions_seems_to_be_missing_a_very_exciting_and/', 'I **greatly enjoy** Billions and am "Taylor Gang for Life"---Taylor is a very interesting character and I also like Wendy and just generally enjoy the fun "lifestyle pr0n" and real estate gawking as well as the gloss and high polish of the show. And I\'m still watching, so take this with a grain of salt :) \n\nI did notice though, that the show seems like it\'s feinting or hinting at what could be a VERY interesting story line to me:\n\n"new guard" tactics vs. "old guard"---"soft touch" wining and dining with a psychological angle rather than Wags\' caviar and dames or Axe\'s blowhard bluster, NLP programs and "algos" rather than "guts and glory" and ego, Bitcoin instead of oil, and just a general shift in the way trading, making money, and how fortunes are made. \n\nThis reminds me a lot of the shift from the hard drinking, womanizing and ego-centric abstract Expressionist of the 40\'s and 50\'s to the weird, anti-social, (and often gay/queer) and distant/mysterious experimental artists of the Pop and Post-Modern movement. I would 100% love to see that play out, especially with the new character who is an artist---he is an interesting blend of the macho/ego artist who\'s a "man\'s man" but who is living in a completely different art world now. They could do so much with this character but instead he appears to have fallen under Axe\'s snake charm of money (which is REALLY a bummer) within half an episode! Nico, ya hoor, come on. \n\nSame with the MaseCap vs Axe Cap split and the older generation vs the more youthful one at the office, with their new techniques and ideas vs. old ones. \n\nBut instead we get the Axe store brand version of Michael Douglas\' much more effective "Greed is Good" speech and Chuck scoffing at Bitcoin and explaining in LiTtLE WoRDs how "money works" to Bitcoin miners as if he\'s defending liberty itself. Come on. Not a good look---unless the show was making the point that these two lions are about to be Lions In Winter---which I don\'t feel they\'re doing, or at least not doing effectively! \n\nThere is a lot of real drama and emotion to be mined out of the realization that a new generation is surpassing you and doing it with techniques and tricks you know nothing about and are beyond your capabilities---there are hints of this in the show, but sadly the show thinks we want rousing scenes of Axe buying everyone and/or "crushing his enemies" and then mike-dropping and walking off. \n\nMore Scooter, less Hooters, show.', 'https://www.reddit.com/r/Billions/comments/gxi7tb/billions_seems_to_be_missing_a_very_exciting_and/', 'gxi7tb', [['u/KitWat', 30, '2020-06-06 12:38', 'https://www.reddit.com/r/Billions/comments/gxi7tb/billions_seems_to_be_missing_a_very_exciting_and/ft3ljx6/', "Jesus. The show's writers don't put that much effort into it. Or thought. Or words.", 'gxi7tb'], ['u/doctor-rumack', 13, '2020-06-06 14:02', 'https://www.reddit.com/r/Billions/comments/gxi7tb/billions_seems_to_be_missing_a_very_exciting_and/ft3xnwi/', 'Lots of Godfather references though.', 'gxi7tb'], ['u/iDayneo', 17, '2020-06-06 17:24', 'https://www.reddit.com/r/Billions/comments/gxi7tb/billions_seems_to_be_missing_a_very_exciting_and/ft4um5e/', 'You lost me at Taylor gang... that’s a thing?', 'gxi7tb'], ['u/Poha-Jalebi', 14, '2020-06-06 17:44', 'https://www.reddit.com/r/Billions/comments/gxi7tb/billions_seems_to_be_missing_a_very_exciting_and/ft4ypja/', 'yeah i mean who likes taylor', 'gxi7tb']]], ['u/BitcoinJake09', '#DeleteCoinbase is trending again! JOIN US!', 202, '2020-06-06 04:38', 'https://www.reddit.com/r/Bitcoin/comments/gxipiy/deletecoinbase_is_trending_again_join_us/', '&amp;#x200B;\n\nhttps://preview.redd.it/wb51k27kc7351.png?width=598&amp;format=png&amp;auto=webp&amp;s=3e94a6ca74817381d7a0431acc4b202f105962ba\n\nhttps://preview.redd.it/q1on437kc7351.png?width=598&amp;format=png&amp;auto=webp&amp;s=323e7bf7c7e2dda3510b663db714be34529da582\n\nhttps://preview.redd.it/yp5jq77kc7351.png?width=598&amp;format=png&amp;auto=webp&amp;s=7283cbc88e58d8c0f33d9921bda6f6148ee2d9e7\n\n[https://twitter.com/CryptoCharles\\_\\_/status/1269069378210852864](https://twitter.com/CryptoCharles__/status/1269069378210852864) \n\n\n[https://twitter.com/BitcoinJake09/status/1269072320594939904](https://twitter.com/BitcoinJake09/status/1269072320594939904) \n\n\n[https://twitter.com/SavageMine/status/1269091146292215814](https://twitter.com/SavageMine/status/1269091146292215814)', 'https://www.reddit.com/r/Bitcoin/comments/gxipiy/deletecoinbase_is_trending_again_join_us/', 'gxipiy', [['u/Marcion_Sinope', 36, '2020-06-06 05:35', 'https://www.reddit.com/r/Bitcoin/comments/gxipiy/deletecoinbase_is_trending_again_join_us/ft1xc1s/', 'Coinbase and Bitpay are hostile actors and a malignant cancer.\n\nThe sooner they are excised, the better.', 'gxipiy'], ['u/eragmus', 10, '2020-06-06 05:45', 'https://www.reddit.com/r/Bitcoin/comments/gxipiy/deletecoinbase_is_trending_again_join_us/ft1yjcs/', 'Coinbase is a company that lets you buy/sell bitcoin. There are many companies that let you do this. Bitcoin is a cryptocurrency. If Coinbase fails, then other companies will still exist. So, Coinbase is disconnected from price of BTC.\n\nAs for “why”:\n\nCoinbase and its leadership has a long history of not being a friend to Bitcoin, but rather a parasite leeching on Bitcoin to: promote and pump Bitcoin forks (execs flying to China and calling miners to lobby them) and shitcoins in its casino, shitcoins added opportunistically based on what is owned by Coinbase’s investors (to dump bags on retail). Boycott Coinbase, and use its Bitcoin-focused competitors who actually care about Bitcoin.\n\nThe most recent insult and joke by Coinbase CEO:\n\n* https://twitter.com/TheStalwart/status/1261779484203720706\n\nAnd in years past, Coinbase has lobbied regulators, by attacking Bitcoin and trying to prevent competition:\n\n* https://twitter.com/nic__carter/status/1075743141255364609\n\n* https://twitter.com/lopp/status/1075748829335564288\n\n* https://twitter.com/AnselLindner/status/1075798607293489153\n\ncc: u/Max_Roc u/nohandsnofeet', 'gxipiy'], ['u/ElephantGlue', 32, '2020-06-06 09:16', 'https://www.reddit.com/r/Bitcoin/comments/gxipiy/deletecoinbase_is_trending_again_join_us/ft2ozod/', 'For one thing, coinbase always goes down and your coins become inaccessible when there are big moves in the market. This is well documented.\n\nFor another thing, they constantly send outdated push notifications of articles about how ‘high’ bitcoin fees are, when they do no such thing of highlighting the insecurity of every other shitcoin.\n\nThey also work very hard to push chain analysis, and work very closely with governments (debatable regarding the hostility of these actions).\n\nLastly, like every other exchange, they most certainly have less bitcoin on their books that they are letting on, and they make you wait weeks to move any large sums of bitcoin off the exchange to your own hardware wallet.\n\nOh and did I mention their ridiculous ‘Network fees’ for withdrawal that are a good 10-20x higher than any other exchange?\n\nDelete coinbase, and man up and control your own money. Stop being a cuck to the establishment.', 'gxipiy'], ['u/Noah_saav', 10, '2020-06-06 09:26', 'https://www.reddit.com/r/Bitcoin/comments/gxipiy/deletecoinbase_is_trending_again_join_us/ft2qiyb/', 'Okay. I’ll do that this weekend 🐋', 'gxipiy'], ['u/ultrajoba', 18, '2020-06-06 13:28', 'https://www.reddit.com/r/Bitcoin/comments/gxipiy/deletecoinbase_is_trending_again_join_us/ft3sy4d/', "Why are people addicted to exchanges? You are not a trader just move your funds to your own wallet. Samourai for privacy, green wallet etc. Just don't keep your funds on an exchange.", 'gxipiy'], ['u/andmuncheni', 10, '2020-06-06 14:23', 'https://www.reddit.com/r/Bitcoin/comments/gxipiy/deletecoinbase_is_trending_again_join_us/ft40dpg/', 'Kraken is a good option', 'gxipiy']]], ['u/AutoModerator', '[Daily Discussion] Saturday, June 06, 2020', 41, '2020-06-06 06:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/gxk0uf/daily_discussion_saturday_june_06_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/gxk0uf/daily_discussion_saturday_june_06_2020/', 'gxk0uf', [['u/youngchriii', 12, '2020-06-06 07:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/gxk0uf/daily_discussion_saturday_june_06_2020/ft28tmv/', '30k, downvote me so I... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9758.85, 9771.49, 9795.70, 9870.09, 9321.78, 9480.84, 9475.28, 9386.79, 9450.70, 9538.02
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Bitcoin rose by 0.50% on Saturday. Partially reversing a 1.74% fall from Friday, Bitcoin ended the day at $9,668.4. It was another mixed start to the day. Bitcoin fell to an early morning intraday low $9,552.6 before making a move. Steering clear of the first major support level at $9,538.6, Bitcoin rallied to a midday intraday high $9,742.3 before hitting reverse. Falling short of the first major resistance level at $9,784.0, Bitcoin slid back to sub-$9,600 levels before briefly revisiting $9,700 levels. Resistance at $9,700 ultimately pinned Bitcoin back late in the day to limit the upside on the day. The near-term bullish trend remained intact, in spite of the mixed week. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was another mixed day for the majors on Saturday. Stellar’s Lumen rose by 1.64% to lead the way on the day. Cardano’s ADA (+0.40%), Ethereum (+0.81%), Monero’s XMR (+0.79%), Ripple’s XRP (+0.57%), and Tron’s TRX (+0.94%) also avoided the red. It was a bearish day for the rest of the majors. Bitcoin Cash ABC fell by 1.32% to lead the way down. Binance Coin (-0.74%), Bitcoin Cash SV (-0.28%), EOS (-0.53%), and Tezos (-0.24%) also saw red, while Litecoin ended the day flat. Through the current week, the crypto total market cap rose to a Monday high $285.71bn before sliding to a Tuesday low $255.98bn. At the time of writing, the total market cap stood at $270.22bn. In the week, Bitcoin’s rose to a Monday high 67.13% before falling to a Thursday low 65.58%. At the time of writing, Bitcoin’s dominance stood at 65.81%. This Morning At the time of writing, Bitcoin was down by 0.12% to $9,657.0. A bearish start to the day saw Bitcoin fall from an early morning high $9,668.5 to a low $9,619.4. Bitcoin left the major support and resistance levels untested early on. The rest of the majors saw another mixed start to the day. Story continues Ethereum (-0.09%), Monero’s XRM (-0.19%), and Tezos (-0.13%) joined Bitcoin in the red. The rest of the majors were in the green at the time of writing, with Bitcoin Cash SV up by 0.44% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to move through to $9,760 levels to bring the first major resistance level at $9,756.27 into play. Support from the broader market would be needed, however, for Bitcoin to break out from Saturday’s high $9,742.3. Barring another broad-based crypto rally, the first major resistance level and Saturday’s high would likely limit any upside. In the event of an extended crypto rally, Bitcoin could eye the second major resistance level at $9,844.13 before any pullback. Failure to move through to $9,760 levels could see Bitcoin struggle on the day, however. A fall back through the morning low to sub-$9,600 levels would bring the first major support level at $9,566.57 into play. Barring an extended crypto sell-off, however, Bitcoin should steer clear of the second major support level at $9,464.73. This article was originally posted on FX Empire More From FXEMPIRE: Natural Gas Price Prediction – Prices Whipsaw and Settle Lower as Rigs Decline S&P 500 Weekly Price Forecast – Stock Markets Shoot Straight Up In The Air Again for the Week U.S Mortgage Rates Tick Up as Stimulus and Stats Point to a Speedier Recovery Gold Price Prediction – Prices Drop on Strong Jobs Gains Natural Gas Price Fundamental Daily Forecast – Will Trop Storm Cristobal Hit or Miss Production Facilities? Gold Price Futures (GC) Technical Analysis – Next Major Value Zone is $1621.90 to $1582.40', 'Bitcoin rose by 0.50% on Saturday. Partially reversing a 1.74% fall from Friday, Bitcoin ended the day at $9,668.4. It was another mixed start to the day. Bitcoin fell to an early morning intraday low $9,552.6 before making a move. Steering clear of the first major support level at $9,538.6, Bitcoin rallied to a midday intraday high $9,742.3 before hitting reverse. Falling short of the first major resistance level at $9,784.0, Bitcoin slid back to sub-$9,600 levels before briefly revisiting $9,700 levels. Resistance at $9,700 ultimately pinned Bitcoin back late in the day to limit the upside on the day. The near-term bullish trend remained intact, in spite of the mixed week. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was another mixed day for the majors on Saturday. Stellar’s Lumen rose by 1.64% to lead the way on the day. Cardano’s ADA (+0.40%), Ethereum (+0.81%), Monero’s XMR (+0.79%), Ripple’s XRP (+0.57%), and Tron’s TRX (+0.94%) also avoided the red. It was a bearish day for the rest of the majors. Bitcoin Cash ABC fell by 1.32% to lead the way down. Binance Coin (-0.74%), Bitcoin Cash SV (-0.28%), EOS (-0.53%), and Tezos (-0.24%) also saw red, while Litecoin ended the day flat. Through the current week, the crypto total market cap rose to a Monday high $285.71bn before sliding to a Tuesday low $255.98bn. At the time of writing, the total market cap stood at $270.22bn. In the week, Bitcoin’s rose to a Monday high 67.13% before falling to a Thursday low 65.58%. At the time of writing, Bitcoin’s dominance stood at 65.81%. This Morning At the time of writing, Bitcoin was down by 0.12% to $9,657.0. A bearish start to the day saw Bitcoin fall from an early morning high $9,668.5 to a low $9,619.4. Bitcoin left the major support and resistance levels untested early on. The rest of the majors saw another mixed start to the day. Story continues Ethereum (-0.09%), Monero’s XRM (-0.19%), and Tezos (-0.13%) joined Bitcoin in the red. The rest of the majors were in the green at the time of writing, with Bitcoin Cash SV up by 0.44% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to move through to $9,760 levels to bring the first major resistance level at $9,756.27 into play. Support from the broader market would be needed, however, for Bitcoin to break out from Saturday’s high $9,742.3. Barring another broad-based crypto rally, the first major resistance level and Saturday’s high would likely limit any upside. In the event of an extended crypto rally, Bitcoin could eye the second major resistance level at $9,844.13 before any pullback. Failure to move through to $9,760 levels could see Bitcoin struggle on the day, however. A fall back through the morning low to sub-$9,600 levels would bring the first major support level at $9,566.57 into play. Barring an extended crypto sell-off, however, Bitcoin should steer clear of the second major support level at $9,464.73. This article was originally posted on FX Empire More From FXEMPIRE: Natural Gas Price Prediction – Prices Whipsaw and Settle Lower as Rigs Decline S&P 500 Weekly Price Forecast – Stock Markets Shoot Straight Up In The Air Again for the Week U.S Mortgage Rates Tick Up as Stimulus and Stats Point to a Speedier Recovery Gold Price Prediction – Prices Drop on Strong Jobs Gains Natural Gas Price Fundamental Daily Forecast – Will Trop Storm Cristobal Hit or Miss Production Facilities? Gold Price Futures (GC) Technical Analysis – Next Major Value Zone is $1621.90 to $1582.40', "Many cryptocurrency projects have adopted an approach called token burning to restrict the supply of their tokens. This may conjure up images of smoke and matches, but no tokens are actually burnt in the process. They are, however, rendered unusable in the future. So, what’s the point of token burning and who does it benefit? Token burning explained When a company decides to burn tokens, it has two options. It can either purchase existing tokens from the market (known as buy-back) or it can choose to take existing currency out of circulation. This could be tokens stored elsewhere such as in a Treasury or team wallet, or it could be unallocated tokens. For example, when OKEx launched OKChain in February of this year, the exchange decided to burn the 700 million unissued OKB tokens to make it a completely deflationary currency and the first fully circulating platform token. To ‘burn’ these tokens, their signatures are sent to a black hole (or “eater”) address. This is an irretrievable public wallet that can be viewed by anyone and the coins’ status is broadcast to the blockchain. #Binance Completes 11th Quarterly $BNB Burn https://t.co/k8WrLWgLhY pic.twitter.com/w0rC02j6ii — Binance (@binance) April 18, 2020 Some companies may burn tokens as a one-off event while others, such as Binance , and OKEx hold quarterly burns . How and why companies burn tokens ultimately depends on what they’re aiming to achieve. One-off burns often occur after a fundraise is completed and tokens are leftover. They could also happen to correct a mistake. Story continues Tether, for example, accidentally created $5 billion in USDT! They had to swiftly burn these tokens so as not to destabilise the 1:1 peg with the US dollar. Regardless of the mechanism, the result is the same: the tokens are removed from circulation and can never be used again. What are the advantages of burning tokens? If asset burning is a common practice, what, apart from correcting an error or removing tokens from circulation, are the benefits of this? To start with, token burning is a deflationary mechanism usually meant to affect the token price. Just as with the Bitcoin Halving, it comes down to the laws of supply and demand. Burning tokens ,like the halving, is restricting the supply. If the demand stays the same or increases, the price will naturally go up. If the demand dwindles, the burning won’t have had much effect. Exchanges like Binance, Huobi , KuCoin, and OKEx periodically burn tokens to incentivise their holder to keep them as they become more valuable. However, while it often affects the price, most trading platforms are actively building up use cases for their tokens and additional benefits for their holders, such as the ability to pay for goods and s **Last 60 Days of Bitcoin's Closing Prices:** [7334.10, 7302.09, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-06-07 **Financial & Commodity Data:** - Gold Closing Price: $1676.20 - Crude Oil Closing Price: $39.55 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $180,351,121,381 - Hash Rate: 108539589.208428 - Transaction Count: 252368.0 - Unique Addresses: 487527.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.54 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: TheAustralian dollarhas initially tried to rally during the trading session on Thursday but gave back some of the gains and then drifted towards the 50 day EMA. As the market approach that the 0.64 level it did see a little bit of pressure to the upside but ultimately this is a pair that looks as if it is trying to start rolling over soon. This makes sense, the Australian dollar has no business being this elevated, especially in an environment where economic growth is all but gone. TheUS dollarwill continue to be a safety currency that people will run to, and as the US Treasury market continues to attract a lot of inflows, it makes sense that the greenback will strengthen. At this point, it is highly likely that we will continue to see market participants fade short-term rallies, but keep in mind that this is a market that is also highly levered to China which is not going to be a helpful thing at this point in time. China is on the back foot when it comes to growth, because quite frankly most of its customers are not buying. While being tethered to China for the last three decades has been a particularly good thing with the Australian economy, the overreaching dependence on Chinese trade has shown itself in Australia as it enters its first recession in 30 years. It is highly likely that we have come close to seeing the top and the Aussie dollar during this cycle. The 0.65 level has offered a lot of resistance, and it is also an area where we had seen massive selling to begin with. Ultimately, this is a market that is trying to determine its longer-term direction. Thisarticlewas originally posted on FX Empire • USD/JPY Price Forecast – US Dollar Finding Support Against Japanese Yen • Economic Data and Central Bank Commentary Is Coming Back into Focus • Crude Oil Price Forecast – Crude Oil Markets Continue to Grind Sideways • Gold Price Forecast – Gold Markets Break Out of Triangle • Finally Time to Question The Recovery in World Stock Markets? • US Open – Waking From a Stimulus Induced Dream – Oil, Gold and BTC in Focus... - Reddit Posts (Sample): [['u/amygdalad', "Ok fine I'm in", 89, '2020-06-07 00:00', 'https://www.reddit.com/r/Bitcoin/comments/gxzxtb/ok_fine_im_in/', "Just lost 70% of my available cash from shorting the Russel 2000, trying to call JPow's bluffs. Now they're talking about more stimulus. I refuse to encourage another bubble and lost decade. Being Bullish stocks right now is un-american af. I'm very impressed with the strength of Bitcoin during a global recession. Take my remaining money. &lt;3", 'https://www.reddit.com/r/Bitcoin/comments/gxzxtb/ok_fine_im_in/', 'gxzxtb', [['u/thebawller', 37, '2020-06-07 00:51', 'https://www.reddit.com/r/Bitcoin/comments/gxzxtb/ok_fine_im_in/ft7e6d5/', 'Welcome aboard. Glad you have seen the light.', 'gxzxtb'], ['u/urbangoose', 14, '2020-06-07 01:30', 'https://www.reddit.com/r/Bitcoin/comments/gxzxtb/ok_fine_im_in/ft7mgwn/', "Yea.. betting against market based on currency that could go into hyperinflation mode is never a good idea. Anyhow, welcome to Bitcoin!\n\nFrom r/wallstreetbets to r/Bitcoin\n\nIf it makes you feel better [here's a Twitter feed](https://twitter.com/whalebotrektd?lang=en) of people longing and shorting Bitcoin getting wrecked.", 'gxzxtb'], ['u/Hugh108', 14, '2020-06-07 01:55', 'https://www.reddit.com/r/Bitcoin/comments/gxzxtb/ok_fine_im_in/ft7roca/', 'The word “unamerican” gives me the creeps.', 'gxzxtb'], ['u/lib3rty47', 13, '2020-06-07 03:26', 'https://www.reddit.com/r/Bitcoin/comments/gxzxtb/ok_fine_im_in/ft84bd2/', 'Going from one speculation to the most speculative asset. You got balls, I like it.', 'gxzxtb'], ['u/noctis89', 14, '2020-06-07 04:28', 'https://www.reddit.com/r/Bitcoin/comments/gxzxtb/ok_fine_im_in/ft8akan/', "That's very American of you to say.", 'gxzxtb']]], ['u/ASongIceFire', 'Using Nursing School Skills on Social Media', 152, '2020-06-07 00:35', 'https://www.reddit.com/r/StudentNurse/comments/gy0i04/using_nursing_school_skills_on_social_media/', 'Slightly funny story about using research skills learned in nursing school outside of school and work. Did not know who I could share this with, but then I thought other nursing students may get it, so here I am. I graduated with my ADN in December, and I just started a BSN program in May, so I am still in that student focus.\n\nI belong to a national guard cav scout group on Facebook (ex medic and current military wife). There was a post on it about the fact that leadership is not doing its best to impose COVID-19 precautions despite a media campaign saying they are. Someone replied with " If it\'s so contagious and we have to maintain 6ft of distance so as not to spread the virus; why do I need to shove a q-tip into my brain? Shouldn\'t the virus be detectable in the nose?" This caused me to roll my eyes and get a little angry.\n\nBefore nursing school, I probably would have spouted off with nonsense that I had heard from the news, social media, and work, littered with cuss words and bad grammar without any sources. I am not naturally articulate, especially in the heat of the moment. I thought about my response and realized that it was actually a legit question. I knew he was wrong, but I could not give him facts about why he was wrong. I decided to use this time to practice my research and education skills. I also love microbiology (briefly thought about going that route when first starting school) and thought it would be fun.\n\nI spent a few hours researching and typing my post. I used Microsoft Word and then copied and pasted. I was very satisfied with the end result, and even though it was not APA format, and no in-text citations as Facebook formatting sucks, I did include all my links at the bottom of the post. No one has responded to it or acknowledged my post, even though it has had many views, so it may have been a waste of my time, but I am proud that I was able to use my skills to educate myself and others. And have a good laugh.\n\nEdited to add my post from Facebook by request. Grammar is not great, don\'t judge too harshly:\n\nSomeone on another post was questioning the contagiousness of COVID-19 and nasopharyngeal testing. I found this question interesting and relevant, my husband has been questioning the Rona response since this started, so I decided to do some research because I love microbiology.\n\nTLDR; Because… science! But seriously the virus attaches to protein receptors that are on mucus-producing cells in the nasal tract, which are focused more in the back 2/3 of the nose ending with the pharynx. The most sensitive test we currently have, PCR, needs to be able to pick up enough of the virus to be able to show positive. Most people do not have enough of the virus at the end of their nasal tract until they have had the virus for a while. I do believe the death rate has been overhyped, but the virus does disproportionally affect already sick people and those less advantaged, so it’s not good. Also, there are implications of causing issues with clotting, neurological function, and other unknown long-term effects.\n\nFor those who are interested in a more in-depth explanation here, it is. I am kind of a science/microbiology nerd, so sorry!\n\nI will break my answer into two parts. Also, keep in mind that scientists still know relatively little about the COVID-19 virus. First is why this virus is so contagious. It is contagious because it is novel. We have not seen this virus before so our bodies cannot fight it off like it can for so many other pathogens we are exposed to. Also, the virus seems to shed more (move into other parts of the body, like lungs and mucus membranes like the mouth and nose) and replicate easier, though there needs to be more research on this.\n\nSecond part, why do we have to use the nasopharyngeal swabs. One reason for this is that viruses have surface proteins that allow them to enter the host cell via a certain receptor. COVID-19 is very similar to the original SARS virus; it attaches to receptors on a protein that is on the surface of our cells (angiotensin-converting enzyme 2 (ACE2)). ACE2 is in many parts of the body but is especially concentrated in the lungs. When COVID-19 blocks these receptors, it makes the lung cells unable to do their job. For some reason, COVID-19 seems to do a better job of attaching to ACE2 than the original SARS, this is still being studied and debated as to why. ACE2 has also been found in mucus-producing goblet cells, which are located all along the respiratory tract, which includes the back 2/3 of the nasal tract, which ends at the pharynx. It gets mixed in with the mucus and when we cough or sneeze or talk, these droplets are then expelled out of the body, which is the 6-foot rule, though sneezing can go a lot further than that. ACE2 also works in many other biologic functions, like blood pressure, so the other long term effects need to be studied.\n\nAnother reason is the availability of tests and the parts that make up the tests, like reagents. There have been shortages for different parts of the tests. Also, the nasopharyngeal tests were already developed. They have developed regular nasal swabs, like the flu tests we normally get, or the oral swabs, which show promising results, but there have not been enough peer-reviewed studies for widespread approval and these tests may not be as accurate. Another is the sensitivity of the tests. The gold standard is PCR tests, they detect the DNA, or in this case, the RNA of the virus, which can be translated to DNA, of a pathogen. These tests have a lower limit of detecting that they need to show positive results, meaning they need enough of the virus to study. That means swabbing the whole nasal tract, especially in those with no symptoms, or are still in the incubation period, which can be up to 14 days.\n\nSome resources, but I can provide others if anyone wants any more information.\n\n[https://www.gavi.org/vaccineswork/when-covid-19-most-contagious-and-why-self-isolation-so-important](https://l.facebook.com/l.php?u=https%3A%2F%2Fwww.gavi.org%2Fvaccineswork%2Fwhen-covid-19-most-contagious-and-why-self-isolation-so-important%3Ffbclid%3DIwAR2SJMY9lRLwFeHbRcGf6qJHCW8M_uWSacTTJUEwGtGshJxCGyaJolL63CA&amp;h=AT0_aPF_OYMfhezMIjsZSt6gmdbVm2MerUGuqNXJQa97n-sTawq4xo9pgCD9Z7DW_SktWb_R8LJZHFJOYm4Mh6CaDytMhyWPIYQk9V2hci-KFpcH0pTqGZ_UytGhHbQauQ&amp;__tn__=-UK-R&amp;c%5b0%5d=AT2bj7u5uiQxYXRJ4O7F_LtnpY4nTrmPvjbVmCDx_sECJrmhdzdTsIihCUJc7TZVM8DokpgC2SMmr32bWz5j-W_H1Z8Fi4g8rFVFfpJ3TpAE5IIVGxP36FOXaP3NDbXvs7MXq_1sn2PDEgedJiQmFzlc251Nbjt25NkLhYQh_iXbJbkQQhqyfg)\n\n[https://www.myvmc.com/medical-centres/lungs-breathing/anatomy-and-physiology-of-the-nasal-cavity-inner-nose-and-mucosa/#:\\~:text=The%20posterior%20two%2Dthirds%20of,which%20overlies%20a%20basement%20membrane](https://l.facebook.com/l.php?u=https%3A%2F%2Fwww.myvmc.com%2Fmedical-centres%2Flungs-breathing%2Fanatomy-and-physiology-of-the-nasal-cavity-inner-nose-and-mucosa%2F%3Ffbclid%3DIwAR1BOA2BGzL40H-cp5s44QgxfsHcg-u_fn43QlhYt9HJ1-sLaTfY21_LOt0%23%3A~%3Atext%3DThe%2520posterior%2520two%252Dthirds%2520of%2Cwhich%2520overlies%2520a%2520basement%2520membrane&amp;h=AT3M2B5Dxx-NDCJ_1fmCyKXcSp-DrwU9L3ePNVqBHi9QXLqOKyPFwRGIcSx7v2rC1NKvU3YGqDLCuCLGzGAObVMGcDuOzRnUXWagzgp3dYf4QBDXgrFTd-PaMvA7OejYEQ&amp;__tn__=-UK-R&amp;c%5b0%5d=AT2bj7u5uiQxYXRJ4O7F_LtnpY4nTrmPvjbVmCDx_sECJrmhdzdTsIihCUJc7TZVM8DokpgC2SMmr32bWz5j-W_H1Z8Fi4g8rFVFfpJ3TpAE5IIVGxP36FOXaP3NDbXvs7MXq_1sn2PDEgedJiQmFzlc251Nbjt25NkLhYQh_iXbJbkQQhqyfg).\n\n[https://jamanetwork.com/journals/jama/fullarticle/2766522](https://l.facebook.com/l.php?u=https%3A%2F%2Fjamanetwork.com%2Fjournals%2Fjama%2Ffullarticle%2F2766522%3Ffbclid%3DIwAR2vlXMewMvXL2-Eh-UP-NK7XRm_G6HSteUZV5glHvI8ujXazfbvFCzTDno&amp;h=AT1kkyC74hJl_k71Y5D6LKWKT48EAhrTpkPhTVvknKvxW0uueVTAHo0x55kYgi2ww5SqnLlxIyAUu0vtbTcXaV3D-trdNyx5szxwUSJmpy1UbLvBk7o3YbchJawd5pjGDA&amp;__tn__=-UK-R&amp;c%5b0%5d=AT2bj7u5uiQxYXRJ4O7F_LtnpY4nTrmPvjbVmCDx_sECJrmhdzdTsIihCUJc7TZVM8DokpgC2SMmr32bWz5j-W_H1Z8Fi4g8rFVFfpJ3TpAE5IIVGxP36FOXaP3NDbXvs7MXq_1sn2PDEgedJiQmFz... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9771.49, 9795.70, 9870.09, 9321.78, 9480.84, 9475.28, 9386.79, 9450.70, 9538.02, 9480.25
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 rose by 0.81% on Sunday. Following on from a 0.50% gain on Saturday, Bitcoin ended the week up by 3.13% to $9,747.1. A mixed start to the day saw Bitcoin rise to an early morning high $9,710.7 before hitting reverse. Coming up short of the first major resistance level at $9,756.27, Bitcoin slid to an early afternoon intraday low $9,393.8. Bitcoin fell through the first major support level at $9,566.57 and the second major support level at $9,464.73. Finding late support, however, Bitcoin rallied to a late afternoon intraday high $9,814.0. Bitcoin broke through the first major resistance level at $9,756.27 before easing back to sub-$9,700 levels. A late rally led to a move back through to $9,700 levels. The first major resistance level capped the upside in the final hour, however. The near-term bullish trend remained intact, supported by last week’s gain. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was yet another mixed day for the majors on Sunday. Tron’s TRX rallied by 6.86% to lead the way. Cardano’s ADA (+0.35%), EOS (+0.55%), and Ethereum (+1.20%) joined Bitcoin in the green. It was a bearish end to the week for the rest of the majors, however. Bitcoin Cash ABC slid by 6.8% to lead the way down. Bitcoin Cash SV (-1.13%), Monero’s XMR (-1.54%), Stellar’s Lumen (-1.85%), and Tezos (-1.31%) also struggled. Binance Coin (-0.80%), Litecoin (-0.30%), and Ripple’s XRP (-0.05%) saw modest losses on the day. It was also a mixed week for the majors. Bitcoin Cash ABC and Bitcoin Cash SV bucked the trend, with losses of 0.02% and 1.76% respectively. It was a bullish week for the rest of the pack, however. Cardano’s ADA, Stellar’s Lumen, and Tron’s TRX led the way, with gains of 17.08, 12.65%, and 14.9% respectively. Binance Coin (1.93%), EOS (+5.17%), Ethereum (+5.78%), Litecoin (+2.30%), Monero’s XMR (-2.53%), and Tezos (+2.88%) also found strong support. Story continues Ripple’s XRP saw a more modest 0.49% gain for the week. Through the week, the crypto total market cap rose to a Monday high $289.13bn before sliding to a Tuesday low $252.62bn. At the time of writing, the total market cap stood at $272.05bn. At the start of the week, Bitcoin’s rose to a Monday high 67.13% before falling to a Thursday low 65.58%. At the time of writing, Bitcoin’s dominance stood at 65.97%. This Morning At the time of writing, Bitcoin was up by 0.19% to $9,765.8. A mixed start to the day saw Bitcoin rise to an early morning high $9,785.7 before falling to a low $9,745.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was another mixed start to the day. Binance Coin (+0.64%), Bitcoin Cash ABC (+0.38%), Bitcoin Cash SV (+0.09%), Litecoin (+0.21%), Monero’s XMR (+0.05%), and Stellar’s Lumen (+0.13%) joined Bitcoin in the green. It was a bearish start to the week for the rest of the majors. At the time of writing, Tron’s TRX was down by 1.00% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to move back through to $9,800 levels to bring the first major resistance level at $9,909.47 into play. Support from the broader market would be needed, however, for Bitcoin to break out from Sunday’s high $9,814.0. Barring another broad-based crypto rally, the first major resistance level would likely limit any upside. In the event of an extended crypto rally, Bitcoin could eye the second major resistance level at $10,071.83 before any pullback. Expect plenty of resistance at $9,900, however… Failure to move through to $9,800 levels could see Bitcoin struggle on the day. A fall back through the morning low $9,745.0 to sub-$9,650 levels would bring the first major support level at $9,489.27 into play. Barring an extended crypto sell-off, however, Bitcoin should steer clear of the second major support level at $9,231.43. This article was originally posted on FX Empire More From FXEMPIRE: EUR/USD Strong Uptrend but First Discount at Fibonacci The Crypto Daily – Movers and Shakers -08/06/20 EUR/USD: Technical Outlook European Equities: Futures Point to a Mixed Start with no Stats to Influence GBP/USD Daily Forecast – Resistance At 1.2750 In Sight Price of Gold Fundamental Weekly Forecast – Fed’s Assessment of Economy Will Set the Tone', 'Bitcoin rose by 0.81% on Sunday. Following on from a 0.50% gain on Saturday, Bitcoin ended the week up by 3.13% to $9,747.1. A mixed start to the day saw Bitcoin rise to an early morning high $9,710.7 before hitting reverse. Coming up short of the first major resistance level at $9,756.27, Bitcoin slid to an early afternoon intraday low $9,393.8. Bitcoin fell through the first major support level at $9,566.57 and the second major support level at $9,464.73. Finding late support, however, Bitcoin rallied to a late afternoon intraday high $9,814.0. Bitcoin broke through the first major resistance level at $9,756.27 before easing back to sub-$9,700 levels. A late rally led to a move back through to $9,700 levels. The first major resistance level capped the upside in the final hour, however. The near-term bullish trend remained intact, supported by last week’s gain. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was yet another mixed day for the majors on Sunday. Tron’s TRX rallied by 6.86% to lead the way. Cardano’s ADA (+0.35%), EOS (+0.55%), and Ethereum (+1.20%) joined Bitcoin in the green. It was a bearish end to the week for the rest of the majors, however. Bitcoin Cash ABC slid by 6.8% to lead the way down. Bitcoin Cash SV (-1.13%), Monero’s XMR (-1.54%), Stellar’s Lumen (-1.85%), and Tezos (-1.31%) also struggled. Binance Coin (-0.80%), Litecoin (-0.30%), and Ripple’s XRP (-0.05%) saw modest losses on the day. It was also a mixed week for the majors. Bitcoin Cash ABC and Bitcoin Cash SV bucked the trend, with losses of 0.02% and 1.76% respectively. It was a bullish week for the rest of the pack, however. Cardano’s ADA, Stellar’s Lumen, and Tron’s TRX led the way, with gains of 17.08, 12.65%, and 14.9% respectively. Binance Coin (1.93%), EOS (+5.17%), Ethereum (+5.78%), Litecoin (+2.30%), Monero’s XMR (-2.53%), and Tezos (+2.88%) also found strong support. Story continues Ripple’s XRP saw a more modest 0.49% gain for the week. Through the week, the crypto total market cap rose to a Monday high $289.13bn before sliding to a Tuesday low $252.62bn. At the time of writing, the total market cap stood at $272.05bn. At the start of the week, Bitcoin’s rose to a Monday high 67.13% before falling to a Thursday low 65.58%. At the time of writing, Bitcoin’s dominance stood at 65.97%. This Morning At the time of writing, Bitcoin was up by 0.19% to $9,765.8. A mixed start to the day saw Bitcoin rise to an early morning high $9,785.7 before falling to a low $9,745.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was another mixed start to the day. Binance Coin (+0.64%), Bitcoin Cash ABC (+0.38%), Bitcoin Cash SV (+0.09%), Litecoin (+0.21%), Monero’s XMR (+0.05%), and Stellar’s Lumen (+0.13%) joined Bitcoin in the green. It was a bearish start to the week for the rest of the majors. At the time of writing, Tron’s TRX was down by 1.00% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to move back through to $9,800 levels to bring the first major resistance level at $9,909.47 into play. Support from the broader market would be needed, however, for Bitcoin to break out from Sunday’s high $9,814.0. Barring another broad-based crypto rally, the first major resistance level would likely limit any upside. In the event of an extended crypto rally, Bitcoin could eye the second major resistance level at $10,071.83 before any pullback. Expect plenty of resistance at $9,900, however… Failure to move through to $9,800 levels could see Bitcoin struggle on the day. A fall back through the morning low $9,745.0 to sub-$9,650 levels would bring the first major support level at $9,489.27 into play. Barring an extended crypto sell-off, however, Bitcoin should steer clear of the second major support level at $9,231.43. This article was originally posted on FX Empire More From FXEMPIRE: EUR/USD Strong Uptrend but First Discount at Fibonacci The Crypto Daily – Movers and Shakers -08/06/20 EUR/USD: Technical Outlook European Equities: Futures Point to a Mixed Start with no Stats to Influence GBP/USD Daily Forecast – Resistance At 1.2750 In Sight Price of Gold Fundamental Weekly Forecast – Fed’s Assessment of Economy Will Set the Tone', 'The most popular cryptocurrency price aggregator site has rolled out a new way of ranking exchanges that keeps owner Binance at the top of the exchange table. CoinMarketCap came under fire last month after its new web traffic-based ranking system gave Binance – which acquired the aggregator for a rumored $400 million in April – a perfect score. “Six weeks in and Binance’s acquisition of CoinMarketCap [is] already being abused to manipulate the rankings,” tweeted an irate Mati Greenspan, at the time. Well, the price site has some good news: “We have just implemented a new algorithm to replace the previous default ranking of exchanges by\xa0Web Traffic Factor,” reads an upbeat blog post from Thursday. CoinMarketCap’s new ranking system basically amalgamates all the metrics used to rate an exchange’s individual markets – its bitcoin or ether market, say – into one easy-to-read score. There are two components: The market pair is an exchange’s reported trading volume, liquidity, and web traffic factor, combined to create a single score. This is evaluated by a “Confidence” indicator where CoinMarketCap’s own algorithm passes judgment on if the score is accurate, or if it looks like it’s been fudged. Carylyne Chan, CoinMarketCap’s acting CEO, said in a statement that the new ran **Last 60 Days of Bitcoin's Closing Prices:** [7302.09, 6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-06-08 **Financial & Commodity Data:** - Gold Closing Price: $1698.30 - Crude Oil Closing Price: $38.19 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $180,351,121,381 - Hash Rate: 110587505.985945 - Transaction Count: 317275.0 - Unique Addresses: 625333.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.53 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: One lesson of this week’s oil-price crash is that markets aren’t acting very efficiently during the coronavirus crisis. On Monday, the benchmark U.S. oil futures contract for May delivery tumbled to anunprecedented negative price, largely because storage tanks are full of a product few can use. How that surprised experienced oil traders might seem a mystery, sinceenergy companiesandTexas state officialshad been warning for weeks that storage capacity was running out. 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:Market Wrap: Oil Rebounds As Crypto Makes Gains, Especially Ether Commentators quickly pointed out the price anomaly was limited to the May contract; the futures contract for June delivery, after all, was still trading above $20 a barrel – a better reflection of oil’s true price. “Technical factors explain some of the decline,” the New York Timeswrote. “Oil watchers don’t consider it the most accurate reflection of price action,” the Wall Street Journalwrote. Then on Tuesday, thatnarrative proved fancifulwhen the June contract tumbled more than 43 percent to a 21-year low of $11.57 a barrel. The May contract settled at $10.01. The only news was the price discovery: It turns out oil is worth a lot less now than it was at the start of the week, or in early April when it traded closer to $30 a barrel. The takeaway forbitcointraders is there might be a lot of factors in cryptocurrency markets that are known but not really reflected in the price. Related:Blockchain Bites: Ripple Sues YouTube, Monero Hits the Box Office and Draper Wants Crypto Everywhere Those could include thedeflationary impact of the coronavirus-induced global recessionand the potential inflationary forces of the Federal Reserve’s trillions of dollars of emergency money injections. Another might be theupcoming miner rewards halving, due to take place next month on the bitcoin blockchain. “The markets are just simply reflecting at this point what’s going on in the real economy, which obviously is a lot of volatility,” Commodity Futures Trading Commission Chair Heath Tarberttold CNBC on Tuesday, in an interview about the oil market. The reality unfolds slowly, and the volatility happens all of a sudden. This might help explain why bitcoin has been stuck for all of April in a range between $6,400 and $7,400, even in the midst of what looks to be the world’s biggest health emergency and economic crisis so far this century. “Bitcoin barely flinched as negative oil prices sent shockwaves through traditional markets and in relative terms has held up very well,” the Israeli trading platform eToro noted Tuesday in an email to clients. Was that the right reaction for the bitcoin market? There’s so much traders don’t know about the future course of the pandemic and of its ramifications for business, society and culture. But it’s not even clear if markets have properly priced in what traders already know. Bitcoin is often touted by traders as ahedge against inflation, and many cryptocurrency investors assume the Fed’s money injections willeventually spur faster price rises. But Deutsche Bank has predicted in recent reports that the U.S. unemployment rate will rise to a post-World War II record of 17 percent, putting downward pressure on wages. That’s deflationary. For bitcoin traders, squaring the countervailing forces adds to the frustration of trying to divine what sort of speculation the bitcoin market is already reflecting. Is May’s halving priced into the market, given that it was put on the schedule 11 years ago when the Bitcoin blockchain was launched? That debate has been raging for months. The oil price collapse this week shows how bad markets can be at reflecting what’s already known until there’s a hard reality check on supply and demand. That might mean bitcoin traders won’t know the price impact of the cryptocurrency’s potential adoption as an inflation hedge until more mainstream investors actually start buying. And it might mean the market won’t see the full impact of May’s halving until it comes – and maybe goes. BTC: Price: $6,960 (BPI) | 24-Hr High: $6,988 | 24-Hr Low: $6,783 Trend: Bitcoin is flashing green on Wednesday as price volatility falls to fresh 3.5-month lows. The top cryptocurrency is currently trading near $6,950, representing a 1.4 percent gain on the day. The cryptocurrency is lacking a clear directional bias, however, as prices have spent a better part of the last 2.5-weeks trading in the narrow range of $6,450 to $7,450. Due to the rangebound activity, the spread between bitcoin’s Bollinger bands – volatility indicators placed two standard deviations above and below the 20-day moving price average – has narrowed to $838, the lowest since January 6. The spreadwas$895 on Monday. The tightening of Bollinger bands indicates a drop in volatility and often paves the way for a big move up or down. The daily chart’s MACD histogram, an indicator used to identify trend strength and trend changes, is about to cross below zero for the first since March 20. The impending bearish crossover on the MACD suggests the price squeeze could end with a sell-off. The immediate support of the lower Bollinger band is located at $6,571. However, on-chain metrics are telling a different story. For example, the seven-day moving average of the number of bitcoins held on cryptocurrency exchanges continues to fall, indicating a strong holding sentiment ahead of the mining reward halving due in 19 days. The average fell to 2,398,564 on Tuesday to hit the lowest level since June 13, according to blockchain intelligence firm Glassnode. The metricstood at2,214,365 a week ago, having topped out at 2,404,786 on Jan. 17. Investors usually move coins from the exchanges to their personal wallets when prices are expected to rise. Meanwhile, bitcoin balances on exchanges typically rise during bear markets. It’s worth noting the MACD is based on moving averages, which are lagging indicators, and could trap sellers with a bearish crossover. Hence, accumulation signaled by the declining balance of bitcoin on exchanges takes precedence over the technical indicator. Put simply, bitcoin could rise in the short term and may breach the recent trading range on the high side. Acceptance above $7,450 would open the doors for a stronger rally to $8,000. • Bitcoin Approaches $7K as US Passes New $480B Stimulus Package • Blockchain Bites: DeFi Hacker Is Back, Oil Craters and Big Tech Won’t Sue You... - Reddit Posts (Sample): [['u/mashblaster23', 'Open Discussion on Statera - Crypto Index Fund', 45, '2020-06-08 04:42', 'https://www.reddit.com/r/CryptoMoonShots/comments/gyqdda/open_discussion_on_statera_crypto_index_fund/', 'So many of you might have heard of Statera. It caught my eyes because the idea of a crypto index fund is virtually unheard of yet in the crypto space. Add to that the deflationary aspect which is a new paradigm for deflationary tokens use-cases.\n\nI’ve been observing the Balancer AI do its work and it seems like people have high hopes of this project. The Balancer AI liquidity pool continues to grow ($180k) now even while price is dipping.\n\nAnd the conventional idea that you have to cash out at the top doesn’t apply so much to this token, because you can just leave it into the index pool and have your losses spread across 5 different tokens. Hence making dumps less painful. E.g. if you place $1000 into the index fund &gt; $200 each across 5 tokens, even if STA drops by 50% you only lose $100 as opposed to $500. So I think it really makes whales less likely to cashing out.\n\nNot to mention that when you add to the index fund you are giving the Balancer AI more power, which in turn helps to support mass dips in the token’s value during corrections.\n\nThe burning is also working as intended, especially during mass panic sell-offs. Yesterday alone we’ve seen ~400k tokens burned.\n\nAll in all I really think this is a simple yet really beautiful financial instrument. And not to mention the first-mover advantage that this index fund has. (A larger and stronger liquidity pool as compared to other copycat index funds that might appear in the future)\n\nAs the developer and team only holds less than 3% of the tokens, this project is essentially now a community-run project. Decentralisation and fair distribution is essentially what cryptocurrencies should be rather than teams holding 90% of tokens waiting to dump on you at the very top.\n\nOf course this project is really new and it’s Super volatile at this stage, as all new projects are. But if this project really takes off this would be the first of its kind crypto project. It is essentially a bet on the golden bull run that everyone expects the crypto market to have in the near term.\n\nIf BTC, ETH, SNX and LINK moons, which is very likely, the token’s value will get pulled up along with it due to the AI rebalancing the 20% weightage across the 5 tokens. And along with the inbuilt deflationary aspect, it’s really quite interesting to see how this all turns out in the near term.\n\nThis would also be a great project to sell to the mainstream when they flood in eventually. Essentially an index fund for the crypto markets. I imagine the boomers would like that. Thankfully enough the pool holds only 5 tokens and they are IMO really great tokens with lots of potential.\n\nDo check it out and let me know what you guys think.\n\nWebsite: https://stateratoken.com/\nInstagram: https://www.instagram.com/stateratoken/\nTwitter: https://twitter.com/StateraProject\nMedium: https://medium.com/@stateraproject/\nhttps://t.me/stateratoken\nhttps://t.me/stateraunofficialpricegroup\nhttps://t.me/stateraannouncement', 'https://www.reddit.com/r/CryptoMoonShots/comments/gyqdda/open_discussion_on_statera_crypto_index_fund/', 'gyqdda', [['u/anonibills', 17, '2020-06-08 04:56', 'https://www.reddit.com/r/CryptoMoonShots/comments/gyqdda/open_discussion_on_statera_crypto_index_fund/ftbyr9c/', 'Damn good post! I am REALLY interested in this coin. The index fund aspect just feels like 2020 Crypto', 'gyqdda'], ['u/Identitools', 16, '2020-06-08 06:38', 'https://www.reddit.com/r/CryptoMoonShots/comments/gyqdda/open_discussion_on_statera_crypto_index_fund/ftc7ltc/', "Yup... Despite a HUGE fudding made by a couple of whales expecting to buy for cheap (thx based telegram bros for figuring those wallets out) we are slowly getting up for a new mooning. The fact that with so much resistance it kept burning coins, making value, gaining holders and volume ====&gt; it's chainlink but you are early.", 'gyqdda'], ['u/WooWooTrader', 12, '2020-06-08 09:19', 'https://www.reddit.com/r/CryptoMoonShots/comments/gyqdda/open_discussion_on_statera_crypto_index_fund/ftcjjkg/', '&gt;Do check it out and let me know what you guys think.\n\nI bought it and sold off after 10xing because there were way too many red flags... some of them have been addressed already, others are still on my mind:\n\n* I think a whitepaper, a GitHub repo, an audit or just any explanation at all of the technicalities would alleviate a lot of concerns. I don\'t trust the "trustless" part, because I don\'t understand the connection between the smart contract and the initial liquidity in the public balancer pool and how it can be that no one has the private keys to the address connected to the pool. \n\n* What does STA bring to table, really? As far as I can tell, ALL of the innovation was done by [the balancer project](https://balancer.finance/whitepaper/), which is done by different authors. It seems to me it\'s just a deflationary token added to a balancer pool. So, you could just create a new pool with any set of tokens and have created the same "deflationary crypto index fund" concept. The pools are the "index funds", the STA token is just a new generic ERC20 token added to a pool with no other uses. Or what am I missing? \n\n* It\'s still sketchy to have an anonymous team: I\'d rather have a face on the project, but then again, Satoshi was also anonymous... So I guess if the technical concerns were addressed at some point, that wouldn\'t matter anymore. \n\n* That said, why is STA only shilled on Reddit and biz? Would the folks at bitcointalk be too critical?\n\nBtw call this FUD if you want, but imho a project needs some amount of critical "FUD" to push itself into 100mil+ market cap. We all want it to be a moonshot, but it needs more "meat" and more momentum for that to happen.', 'gyqdda']]], ['u/AutoModerator', '[Daily Discussion] Monday, June 08, 2020', 48, '2020-06-08 06:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/gyrl4x/daily_discussion_monday_june_08_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/gyrl4x/daily_discussion_monday_june_08_2020/', 'gyrl4x', [['u/krom1985', 12, '2020-06-08 06:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/gyrl4x/daily_discussion_monday_june_08_2020/ftc7qfc/', "On the 12hr, RSI is at 54, and stochastic RSI is flipping back to the upside, all while we're at the downtrend line from the ATH.\n\nNow, if we were at RSI 80-90, and the stochs were also peaking, that would present as a good r/r for a short, as it did when we initially pushed above $10k last week. As we're plenty down with momentum ticking back up into the resistance, it's looking good for continuation to the upside and hopefully through the resistance.\n\nLong 9760 2x 25%\n\n[https://www.tradingview.com/x/ECyqHxTF](https://www.tradingview.com/x/ECyqHxTF)", 'gyrl4x'], ['u/Richyboy33', 11, '2020-06-08 06:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/gyrl4x/daily_discussion_monday_june_08_2020/ftc8jwe/', 'No one knows', 'gyrl4x'], ['u/waytooamped', 19, '2020-06-08 06:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/gyrl4x/daily_discussion_monday_june_08_2020/ftc8zy1/', 'Eth &amp; Btc both sitting just below key resistance after a few soft bounces off (9800/145.5). Sideways under resistance is bullish imo building momentum to break through on volume. Sitting in longs and not going anywhere.', 'gyrl4x'], ['u/Richyboy33', 15, '2020-06-08 08:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/gyrl4x/daily_discussion_monday_june_08_2020/ftcgxgr/', "Ignore what your heart says, the weekly has now posted a classic reversal candle at very strong resistance. Bitcoin did this June 24th 2019 and 10th Feb 2020. On both occasions the price then fell 43% and then again 60% (yes I know COVID was during this time).\n\nI'm not saying we're going to fall 40 odd percent, however, a weekly reversal candle just under strong resistance isn't something to be messed with.\n\nPretty easy for the longer term trader really if you like candlestick trading. Go long above the doji/almost shooting star at 10,400 and go short if we break under it was 9100ish.\n\nHeart says we break to the upside within 1 week but head says we'll be coming back down to at least the daily 200EMA at 8400.\n\n&amp;#x200B;\n\nEDIT\\*\\* I'M NOT SAYING IT WILL REVERSE, I'M SAYING IT CAN MOST DEFINITELY BE SIGNAL OF A REVERSAL.", 'gyrl4x'], ['u/Richyboy33', 19, '2020-06-08 10:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/gyrl4x/daily_discussion_monday_june_08_2020/ftcmw80/', "I trade every day and have done for about 3.5 years. It's my living.\n\nI hold and trade Bitcoin, I trade alts... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9795.70, 9870.09, 9321.78, 9480.84, 9475.28, 9386.79, 9450.70, 9538.02, 9480.25, 9411.84
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:** ["Click here to read the full article. In today’s film news roundup, the Winklevoss twins are coming to Hollywood via a Bitcoin movie, the Newport Beach Film Festival announces its opener and Mutiny Pictures becomes a distributor. PROJECT LAUNCH The Winklevoss Twins — Cameron and Tyler — are teaming with Greg Silverman’s Stampede Ventures on a feature film adaptation of “ Bitcoin Billionaires ,” the 2019 book by Ben Mezrich. Jon Berg will also produce with Silverman and the twins, who became famous in Mezrich’s bestseller “The Accidental Billionaires,” the basis for the movie “The Social Network.” The brothers alleged that Mark Zuckerberg briefly worked for them and stole part of the code from them to launch Facebook, which reached a settlement of $65 million with the brothers. “Bitcoin Billionaires” details the twins’ efforts to finance Bitcoin payment processor BitInstant. Mezrich also wrote “Bringing Down The House,” which was adapted into the movie “21.” Stampede is backed by former Facebook CFO and San Francisco 49ers co-owner Gideon Yu. The news was first reported by Deadline. FILM FESTIVAL The 21st Annual Newport Beach Film Festival will launch Aug. 6 with the world premiere of Dana Brown’s “A Life of Endless Summers: The Bruce Brown Story” as its opening night film, Variety has learned exclusively, The festival, which was originally scheduled for late April, was postponed due to the COVID-19 pandemic. Screenings will will take place at The Lot on Fashion Island. “The Endless Summer” was released in 1966. Dana Brown is the late Bruce Brown’s eldest son. “The film is a tribute to my father,” Dana Brown said. “Dad started the whole action sports film genre. He broke the mold; he broke the rules; he broke open the film category. There will never be another one like him. We could not think of a better fit for our world premiere then The Newport Beach Film Festival which places such a strong focus on action sports programming and continually acknowledges Dads legacy in the Southern California community.” Story continues Due to the COVID-19 outbreak, the festival said it is taking extra precautions to ensure the health and safety of filmmakers and patrons. In addition to abiding by California’s current social distancing guidelines, every festival attendee will receive no-contact temperature checks, sanitizing stations will be placed throughout, theaters will be thoroughly sanitized after every screenings and food will be served in single use containers. DISTRIBUTOR LAUNCH Mutiny Pictures is announcing the launch of its new distribution and development company with the release of “Queen of the Capital.” The company was formed by veteran producer Ben Yennie and development executive Colleen Butler. Following the release of “Queen of the Capital,” Mutiny Pictures will continue with over 12 projects that are completed or in development. “Queen of the Capital” tells the story of D.C. bureaucrat by day/drag queen by night Muffy Blake Stephyns. The documentary follows her dream of leading a group of performers on a crusade. Alamo on Demand will exclusively play the film digitally starting June 20 followed by a release at drive-ins and traditional theaters a few weeks later. Best of Variety The Best Movies on Netflix Everything Coming to Netflix in June What's Coming to Disney Plus in June 2020 Sign up for Variety’s Newsletter . For the latest news, follow us on Facebook , Twitter , and Instagram .", "Click here to read the full article. In today’s film news roundup, the Winklevoss twins are coming to Hollywood via a Bitcoin movie, the Newport Beach Film Festival announces its opener and Mutiny Pictures becomes a distributor. PROJECT LAUNCH The Winklevoss Twins — Cameron and Tyler — are teaming with Greg Silverman’s Stampede Ventures on a feature film adaptation of “ Bitcoin Billionaires ,” the 2019 book by Ben Mezrich. Jon Berg will also produce with Silverman and the twins, who became famous in Mezrich’s bestseller “The Accidental Billionaires,” the basis for the movie “The Social Network.” The brothers alleged that Mark Zuckerberg briefly worked for them and stole part of the code from them to launch Facebook, which reached a settlement of $65 million with the brothers. “Bitcoin Billionaires” details the twins’ efforts to finance Bitcoin payment processor BitInstant. Mezrich also wrote “Bringing Down The House,” which was adapted into the movie “21.” Stampede is backed by former Facebook CFO and San Francisco 49ers co-owner Gideon Yu. The news was first reported by Deadline. FILM FESTIVAL The 21st Annual Newport Beach Film Festival will launch Aug. 6 with the world premiere of Dana Brown’s “A Life of Endless Summers: The Bruce Brown Story” as its opening night film, Variety has learned exclusively, The festival, which was originally scheduled for late April, was postponed due to the COVID-19 pandemic. Screenings will will take place at The Lot on Fashion Island. “The Endless Summer” was released in 1966. Dana Brown is the late Bruce Brown’s eldest son. “The film is a tribute to my father,” Dana Brown said. “Dad started the whole action sports film genre. He broke the mold; he broke the rules; he broke open the film category. There will never be another one like him. We could not think of a better fit for our world premiere then The Newport Beach Film Festival which places such a strong focus on action sports programming and continually acknowledges Dads legacy in the Southern California community.” Story continues Due to the COVID-19 outbreak, the festival said it is taking extra precautions to ensure the health and safety of filmmakers and patrons. In addition to abiding by California’s current social distancing guidelines, every festival attendee will receive no-contact temperature checks, sanitizing stations will be placed throughout, theaters will be thoroughly sanitized after every screenings and food will be served in single use containers. DISTRIBUTOR LAUNCH Mutiny Pictures is announcing the launch of its new distribution and development company with the release of “Queen of the Capital.” The company was formed by veteran producer Ben Yennie and development executive Colleen Butler. Following the release of “Queen of the Capital,” Mutiny Pictures will continue with over 12 projects that are completed or in development. “Queen of the Capital” tells the story of D.C. bureaucrat by day/drag queen by night Muffy Blake Stephyns. The documentary follows her dream of leading a group of performers on a crusade. Alamo on Demand will exclusively play the film digitally starting June 20 followed by a release at drive-ins and traditional theaters a few weeks later. Best of Variety The Best Movies on Netflix Everything Coming to Netflix in June What's Coming to Disney Plus in June 2020 Sign up for Variety’s Newsletter . For the latest news, follow us on Facebook , Twitter , and Instagram .", "Click here to read the full article. In today’s film news roundup, the Winklevoss twins are coming to Hollywood via a Bitcoin movie, the Newport Beach Film Festival announces its opener and Mutiny Pictures becomes a distributor. PROJECT LAUNCH The Winklevoss Twins — Cameron and Tyler — are teaming with Greg Silverman’s Stampede Ventures on a feature film adaptation of “ Bitcoin Billionaires ,” the 2019 book by Ben Mezrich. Jon Berg will also produce with Silverman and the twins, who became famous in Mezrich’s bestseller “The Accidental Billionaires,” the basis for the movie “The Social Network.” The brothers alleged that Mark Zuckerberg briefly worked for them and stole part of the code from them to launch Facebook, which reached a settlement of $65 million with the brothers. “Bitcoin Billionaires” details the twins’ efforts to finance Bitcoin payment processor BitInstant. Mezrich also wrote “Bringing Down The House,” which was adapted into the movie “21.” Stampede is backed by former Facebook CFO and San Francisco 49ers co-owner Gideon Yu. The news was first reported by Deadline. FILM FESTIVAL The 21st Annual Newport Beach Film Festival will launch Aug. 6 with the world premiere of Dana Brown’s “A Life of Endless Summers: The Bruce Brown Story” as its opening night film, Variety has learned exclusively, The festival, which was originally scheduled for late April, was postponed due to the COVID-19 pandemic. Screenings will will take place at The Lot on Fashion Island. “The Endless Summer” was released in 1966. Dana Brown is the late Bruce Brown’s eldest son. “The film is a tribute to my father,” Dana Brown said. “Dad started the whole action sports film genre. He broke the mold; he broke the rules; he broke open the film category. There will never be another one like him. We could not think of a better fit for our world premiere then The Newport Beach Film Festival which places such a strong focus on action sports programming and continually acknowledges Dads legacy in the Southern California community.” Story continues Due to the COVID-19 outbreak, the festival said it is taking extra precautions to ensure the health and safety of filmmakers and patrons. In addition to abiding by California’s current social distancing guidelines, every festival attendee will receive no-contact temperature checks, sanitizing stations will be placed throughout, theaters will be thoroughly sanitized after every screenings and food will be served in single use containers. DISTRIBUTOR LAUNCH Mutiny Pictures is announcing the launch of its new distribution and development company with the release of “Queen of the Capital.” The company was formed by veteran producer Ben Yennie and development executive Colleen Butler. Following the release of “Queen of the Capital,” Mutiny Pictures will continue with over 12 projects that are completed or in development. “Queen of the Capital” tells the story of D.C. bureaucrat by day/drag queen by night Muffy Blake Stephyns. The documentary follows her dream of leading a group of performers on a crusade. Alamo on Deman **Last 60 Days of Bitcoin's Closing Prices:** [6865.49, 6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85, 9771.49] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-06-09 **Financial & Commodity Data:** - Gold Closing Price: $1714.70 - Crude Oil Closing Price: $38.94 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $180,351,121,381 - Hash Rate: 109222228.134267 - Transaction Count: 327074.0 - Unique Addresses: 644690.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.52 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: The shares of MoneyGram International Inc. (NASDAQ: MGI ) skyrocketed on Monday and premarket session on Tuesday, as Bloomberg reported that Western Union (NYSE: WU ) is looking to acquire the payments company. What Happened Western Union has made a takeover offer to MoneyGram, but an agreement is yet to be reached, people familiar with the matter told Bloomberg. The deal, if finalized, will bring the two veteran money transfer companies together as they struggle to keep their businesses afloat. MoneyGram has about $878 million in debt, according to Bloomberg, and the shelter-in-place orders imposed to curb the spread of the novel coronavirus (COVID-19) gave another setback to its payments infrastructure around the globe. Chinese e-commerce giant Alibaba Group Holding Ltd.'s (NYSE: BABA ) subsidiary Ant Financial had made an acquisition offer of $1.2 billion to MoneyGram in 2017, but President Donald Trump's administration blocked the deal amid rising tensions with the Chinese government, Reuters reported at the time. Why It Matters Western Union and MoneyGram have been losing ground to financial technology companies like PayPal Holdings Inc. (NASDAQ: PYPL ), Square Inc. (NYSE: SQ ), and Stripe, which provide faster transaction processing at reduced costs. Online payment services offered by technology giants, including Alphabet Inc.'s (NASDAQ: GOOGL ) (NASDAQ: GOOG ) and Apple Inc. (NASDAQ: AAPL ) present further competition in the field. Social media company Facebook Inc. (NASDAQ: FB ) is planning to join the fray later this year with the Libra cryptocurrency, which will allow users of its and subsidiary WhatsApp and Instagram's platforms to make direct and quick payments. Price Action MoneyGram shares traded 50.58% higher at $3.41 in the pre-market session on Tuesday. The stock had closed the regular session 6.2% higher at $2.59. Western Union shares were up 6.2% in the after-hours at $22 after closing the regular session 3.5% higher at $20.71. Story continues See more from Benzinga Bitcoin Surges Past ,000 As Protests Rage In US Tesla CEO Musk Says Other Three Officers Should Be Charged In Floyd's Murder Case Pepper Spray, Books On Racism, 'I Can't Breathe' Merchandise Are Top Sellers On Amazon As Protests Rage © 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.
9870.09, 9321.78, 9480.84, 9475.28, 9386.79, 9450.70, 9538.02, 9480.25, 9411.84, 9288.02
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['London-based investment firm ETC Group plans to list a bitcoin-backed security on the German electronic trading market later this month. The firm announced Tuesday the exchange-traded product (ETP), called the Bitcoin Exchange Traded Crypto (BTCE), is the world’s first centrally cleared derivative crypto asset, and would be listed on Deutsche Borse’s Xetra market based in Frankfurt, Germany. Central clearing is a tool used in the European derivatives market to bolster stability by ensuring a financial institution takes on counterparty credit-risk. The crypto security is also backed by bitcoin , with each share giving the holder a claim to a specific amount of the cryptocurrency. According to the company, the physical bitcoin would be stored in a cold vault, meaning one not connected to the internet, operated by Palo Alto, Calif.-based custodian BitGo. “Investors get the benefit of trading and owning bitcoin through a regulated security, while having the option to redeem bitcoin if they choose,” said Bradley Duke, CEO of ETC Group, in a press statement emailed to CoinDesk. “It really is a hybrid ETP product that has the same features as an ETF [exchange-traded product]. Because it’s a single asset instrument it doesn’t qualify to be an ETF according to the European fund regime,”\xa0 explained ETC in an emailed statement. The novel security is also bound to cost slightly more than traditional ETFs, with an expense ratio of 2% compared to anywhere between 0.5 to 0.7% charged by most ETFs. According to ETC, “Bringing a product like this into regulated markets is not an easy task, and this is reflected in the premium.” Related: Deutsche Borse Exchange to List New Bitcoin Exchange-Traded Product The unveiling of this new security comes after the German financial authority, BaFin, announced in March it would officially recognize cryptocurrencies as financial instruments. The security will be distributed on the HANetf platform joining other products including a cloud-computing ETF and a medical cannabis ETF. Story continues The bitcoin-backed security will be available in Germany and has also been passported to the UK, Italy and Austria, meaning users in these countries will be able to hold or trade the BTCE shares. Related Stories SEC Rejects Latest Bitcoin ETF Bid SEC to Decide the Fate of Another Bitcoin ETF Proposal This Week', 'London-based investment firm ETC Group plans to list a bitcoin-backed security on the German electronic trading market later this month.\nThe firm announced Tuesday the exchange-traded product (ETP), called the Bitcoin Exchange Traded Crypto (BTCE), is the world’s first centrally cleared derivative crypto asset, and would be listed on Deutsche Borse’s Xetra market based in Frankfurt, Germany.\nCentral clearing is a tool used in the European derivatives market to bolster stability by ensuring a financial institution takes on counterparty credit-risk. The crypto security is also backed bybitcoin, with each share giving the holder a claim to a specific amount of the cryptocurrency. According to the company, the physical bitcoin would be stored in a cold vault, meaning one not connected to the internet, operated by Palo Alto, Calif.-based custodian BitGo.\n“Investors get the benefit of trading and owning bitcoin through a regulated security, while having the option to redeem bitcoin if they choose,” said Bradley Duke, CEO of ETC Group, in a press statement emailed to CoinDesk.\n“It really is a hybrid ETP product that has the same features as an ETF [exchange-traded product]. Because it’s a single asset instrument it doesn’t qualify to be an ETF according to the European fund regime,”\xa0 explained ETC in an emailed statement.\nThe novel security is also bound to cost slightly more than traditional ETFs, with an expense ratio of 2% compared to anywhere between 0.5 to 0.7% charged by most ETFs.\nAccording to ETC, “Bringing a product like this into regulated markets is not an easy task, and this is reflected in the premium.”\nRelated:Deutsche Borse Exchange to List New Bitcoin Exchange-Traded Product\nThe unveiling of this new security comes after the German financial authority, BaFin,announced in Marchit would officially recognize cryptocurrencies as financial instruments. The security will be distributed on the HANetf platform joining other products including a cloud-computing ETF and a medical cannabis ETF.\nThe bitcoin-backed security will be available in Germany and has also been passported to the UK, Italy and Austria, meaning users in these countries will be able to hold or trade the BTCE shares.\n• SEC Rejects Latest Bitcoin ETF Bid\n• SEC to Decide the Fate of Another Bitcoin ETF Proposal This Week', 'Bitcoin payroll provider Bitwage has begun offering employees a way of receiving wages paid in cryptocurrency, but without the volatility. Announced Wednesday, company clients can now sign up to the Bitwage platform in order to pay their workers using the USD Coin (USDC) stablecoin, which is linked to the price of the U.S. dollar. Salaried workers or freelancers can also sign up to receive wages from employers in the coin. The move comes at a time when global markets have been in turmoil resulting from the ongoing uncertainty relating to the recovery from coronavirus-affected communities, and many national currencies have lost value against the dollar. USDC is a fiat-collateralized stablecoin that was launched in October 2018 by the CENTRE consortium , comprising of a partnership between P2P payments fintech firm Circle and U.S.-based crypto exchange Coinbase. The consortium was formed to develop price-stable crypto assets and network protocols. The stablecoin is issued as an ERC-20 standard token on the Ethereum blockchain and is backed by corresponding USD held in accounts, subject to regular public reporting of reserves. The ability to pay employees in cryptocurrency isn\x92t new as Bitwage has been engaged in crypto-related wage activity since at least 2014 . In addition to bitcoin (BTC) and bitcoin cash (BCH), it started offering payments in ether (ETH) last June. Employees and freelancers are able to choose a percentage distribution of their payments in crypto or fiat. See also: Bitcoin in Emerging Markets: Latin America Related: Crypto Payroll Startup Bitwage Lets Earners Sidestep Volatility With Stablecoin Payments Using stablecoins for payments is a relatively recent, but fast-growing, trend. They remove the risk to earners\x92 salaries from the volatile movements of cryptocurrencies like bitcoin and ether, meaning workers won\x92t risk having lost a percentage by the time the funds have arrived and been exchanged. The fiat-backed tokens are, according to Bitwage, becoming more popular in South America, where inflation has severely impacted the value of government backed fiat currency in some nations. The Venezuelan bolivar, for example, has depreciated significantly since June of last year and is down by more than 3000% against the dollar, opening up the potential for USD-backed stablecoins to provide more stability for communities. \x93During our testing, we have seen a lot of interest in the Latin American communities around stablecoin wages. We are excited to see how this will improve the lives of communities with struggling financial systems around the world,\x94 Jonathan Chester, Bitwage CEO, said. Story continues See also: Bitwage Rolls Out Bitcoin 401(k) Plan With Help From Gemini Bitwage\xa0is headquartered in San Francisco, with payroll service operations in the U.S., Europe, Latin America and Asia.\xa0Bitwage\xa0recently launched a company-sponsored bitcoin 401k with Leading Retirement Solutions, Gemini and Kingdom Trust. Related Stories Coinbase Offers US Feds New Crypto Surveillance Tools Stablecoins Are the Bridge From Central Banks to Consumer Payments View comments', 'Bitcoin payroll provider Bitwage has begun offering employees a way of receiving wages paid in cryptocurrency, but without the volatility.\nAnnounced Wednesday, company clients can now sign up to the Bitwage platform in order to pay their workers using the USD Coin (USDC) stablecoin, which is linked to the price of the U.S. dollar. Salaried workers or freelancers can also sign up to receive wages from employers in the coin.\nThe move comes at a time when global markets have been in turmoil resulting from the ongoing uncertainty relating to the recovery from coronavirus-affected communities, and many national currencies have lost value against the dollar.\nUSDC is a fiat-collateralized stablecoin that was launched in October 2018 by theCENTRE consortium, comprising of a partnership between P2P payments fintech firm Circle and U.S.-based crypto exchange Coinbase. The consortium was formed to develop price-stable crypto assets and network protocols.\nThe stablecoin is issued as an ERC-20 standard token on the Ethereum blockchain and is backed by corresponding USD held in accounts, subject to regular public reporting of reserves.\nThe ability to pay employees in cryptocurrency isn’t new as Bitwage has been engaged in crypto-related wage activitysince at least 2014. In addition to bitcoin (BTC) and bitcoin cash (BCH), itstarted offering paymentsin ether (ETH) last June. Employees and freelancers are able to choose a percentage distribution of their payments in crypto or fiat.\nSee also:Bitcoin in Emerging Markets: Latin America\nRelated:Crypto Payroll Startup Bitwage Lets Earners Sidestep Volatility With Stablecoin Payments\nUsing stablecoins for payments is a relatively recent, but fast-growing, trend. They remove the risk to earners’ salaries from the volatile movements of cryptocurrencies like bitcoin and ether, meaning workers won’t risk having lost a percentage by the time the funds have arrived and been exchanged.\nThe fiat-backed tokens are, according to Bitwage, becoming more popular in South America, where inflation has severely impacted the value of government backed fiat currency in some natio **Last 60 Days of Bitcoin's Closing Prices:** [6859.08, 6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85, 9771.49, 9795.70] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-06-10 **Financial & Commodity Data:** - Gold Closing Price: $1713.30 - Crude Oil Closing Price: $39.60 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $179,959,488,412 - Hash Rate: 111952783.837623 - Transaction Count: 325163.0 - Unique Addresses: 645485.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.54 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: The most popular way to use bitcoin off-chain is on Ethereum, recent data indicates. Since 2016, software engineers have worked to extend the oldest and largest cryptocurrency’s use cases through a variety of companion protocols, like the Lightning Network for payments or the Liquid Network for trading. But to date, the most popular off-chain protocols that use bitcoin (the currency, with asmall “b”) run on the largest rival toBitcoin(the network, uppercase). In fact, Ethereum projects includingWBTCandimBTChold 70% more bitcoins than Lightning or Liquid. This is “ironic” to Camila Russo, author of “The Infinite Machine“,a forthcoming book about Ethereum, but she’s not surprised. Ethereum was designed to be “more flexible,” Russo explained, which allows these tokenized protocols to “thrive.” Bitcoin, on the other hand, was built “to do one thing well, which is to transfer value trustlessly and in a censorless way.” “Tokenized bitcoins,” as these projects are called, allow users to denominate in bitcoin when transacting in the Ethereum network’s emerging ecosystem of decentralized financial products. Instead of using ether (Ethereum’s native currency) to make loans or earn interest, for example, transactions are, in effect, made with bitcoin. The supply of tokenized bitcoin has grown 330% year to date. Related:Ethereum Has Become Bitcoin’s Top Off-Chain Destination It’s important to note that the total amount of BTC held off the Bitcoin blockchain by both Ethereum- and Bitcoin-based protocols is tiny – only 8,285 BTC (worth $79 million as of Wednesday) – relative to the 18.4 million BTC issued since 2009. Recent growth in tokenized bitcoin on Ethereum is “only the beginning,” said Jack Purdy, a decentralized finance analyst at Messari. “Ethereum has an incredibly diverse set of financial applications built on it,” Purdy explained. “We’re going to start seeing a multitude of other use cases as the market for bitcoin on Ethereum continues to grow.” Despite the disparate growth levels between protocols using bitcoins off the Bitcoin blockchain, some tokenized bitcoin projects see themselves as complementary to – instead of in competition with – Bitcoin’s Lightning and Liquid networks. “Wrapped Bitcoin represents a digital asset – bitcoin – on the Ethereum chain, and is really complementary to Lightning,” said Kiarash Mosayeri, product manager at crypto custodian BitGo, which helped spearhead WBTC atlaunch in January 2019. Growth on Ethereum- or- Bitcoin-based off-chain protocols will “drive adoption and increase the network effect for Bitcoin, attracting more applications and developers in the space,” Mosayeri said. Built on Bitcoin, Lightning and Liquid also aim to extend the leading cryptocurrency’s utility, similar to the goals of tokenized bitcoin projects. But these protocols have a narrower focus of improving the speed and privacy of small and large off-chain bitcoin transactions, respectively. “Both approaches offer different capabilities and security tradeoffs,” said Matt Luongo, CEO of Thesis, which launched tBTC in May. “I’m a huge fan of the Lightning Network, and I believe it will become more and more relevant in commerce and in new applications like gaming.” Growing interest in using bitcoin on other blockchains shows that “there is interest in building more advanced features that might not be directly realizable on the Bitcoin blockchain itself,” said Christian Decker, engineer and researcher at Blockstream, the technology company that launched the Liquid Network and the c-lightning implementation of Lightning. Both types of off-chain protocols are important, explains Olivia Lovenmark, previously at BitGo and Thesis. “Tokenized protocols like tBTC and wBTC can be more personally exciting because they expand a bitcoin holder’s financial options, whereas tokenless protocols, like Lightning, improve network infrastructure, which is broadly a community benefit,” said Lovenmark. Ultimately, whether on Ethereum or Bitcoin, recent growth suggests users want to transact in bitcoin. According to Decker, interest in using bitcoin on other blockchains is “a strong signal that the interest in Bitcoin itself is increasing, and that other tokens are losing ground when it comes to bitcoins.” “I’m not really surprised that users on Ethereum are looking to get exposure to bitcoin, but don’t want to switch over to the Bitcoin network,” Decker added. “That’d also explain why these wrapped bitcoins exist on Ethereum and not on Bitcoin, since the base functionality of Bitcoin already covers what the users are looking for.” Regardless of the motivations behind tokenized bitcoin projects, these Ethereum-based protocols could benefit bitcoin through broader adoption, Lovenmark said. “Growth of off-chain Bitcoin protocols means greater optionality for holders,” she said. “This increases use cases for bitcoin and, thus, adoption.” • Miners Are Selling More of Their Bitcoin. That May Actually Be Bullish • Matic Launches Mainnet Aiming to Bring More ‘Firepower’ to Ethereum... - Reddit Posts (Sample): [['u/Have_Other_Accounts', "Everyone is touting how BTC is going to sky rocket starting in the near future. But aren't we just about starting one of the worst recessions in history ie fiat is going to go down and so are BTC investements", 68, '2020-06-10 00:21', 'https://www.reddit.com/r/BitcoinBeginners/comments/gzxqrz/everyone_is_touting_how_btc_is_going_to_sky/', 'So BTC has bounced back a lot since lockdown because it has that ability compared to fiat. \n\nBut if we\'re heading for recession, just as people pulled out of BTC at the start of lockdown, surely people are going to be pulling out more if there is less free money? Meaning, BTC is also going to go down during recession. \n\nI don\'t see this discussed much. No one talks about receseion here, only arbitrary years like "BTC\'s gonna rocket at 2021" etc. \n\nThoughts?', 'https://www.reddit.com/r/BitcoinBeginners/comments/gzxqrz/everyone_is_touting_how_btc_is_going_to_sky/', 'gzxqrz', [['u/bitusher', 35, '2020-06-10 00:41', 'https://www.reddit.com/r/BitcoinBeginners/comments/gzxqrz/everyone_is_touting_how_btc_is_going_to_sky/ftiy0bd/', '&gt;Thoughts?\n\nNone of us knows the perfect time to invest or can predict the price . The intelligentsia of the market is the combined knowledge of all humans and algorithms which is more than knowledge than anyone can have. Also bitcoin is so scarce that a single wealthy investor can significantly move the market in secret and unannounced.\nRather than trying to time the market , let time work for you.', 'gzxqrz'], ['u/BustaNuggitz', 23, '2020-06-10 02:16', 'https://www.reddit.com/r/BitcoinBeginners/comments/gzxqrz/everyone_is_touting_how_btc_is_going_to_sky/ftj8ij0/', 'As usual, u/bitusher offers sound advice.\n\n"Rather than time the market" implies what many have found out the hard way: short term trading in BTC is extremely dangerous because it\'s so volatile and there are costs (taxes, wire transfer fees, etc) that make the "profit" spread much wider than it actually seems.\n\nInstead, buy and hold until such time as BTC has taken hold (at which point many believe it will be valued at significantly more than it is today).\n\nSo, let "them" make whatever claims about when and how high BTC will go, and ignore "them" completely. They have no idea (cannot have any idea).\n\nRather, invest what\'s comfortable for you and hang on to it until BTC does its thing, whenever that might be. This approach removes so much stress! You don\'t have to worry about hitting a dip or timing a high. There are only 2 choices: either it fails and goes to 0, or we eventually win.\n\nAfter all, if you double, triple, x100 your investment... do you really care whether it takes 2 years or 5 years? \n\nAnd if BTC goes to 100k, do you really care whether you got in at 8000, 9000, or even 15000?', 'gzxqrz'], ['u/_Money_Badger_', 17, '2020-06-10 02:41', 'https://www.reddit.com/r/BitcoinBeginners/comments/gzxqrz/everyone_is_touting_how_btc_is_going_to_sky/ftjb2qt/', 'Fiat going down is good for BTC as one of its original purposes was as a hedge against inflation. US printing trillions of dollars, inflation incoming.', 'gzxqrz'], ['u/tlztlz', 11, '2020-06-10 13:34', 'https://www.reddit.com/r/BitcoinBeginners/comments/gzxqrz/everyone_is_touting_how_btc_is_going_to_sky/ftkqef6/', 'Btw, bitcoin will never go to 0. Why?\n\nI buy every bitcoin when the price is 0.00000000001 USD for 1 BTC. The problem is my friend buys at 0.00000000002 USD.\n\n😉', 'gzxqrz']]], ['u/fort3hlulz', 'I tested out Samourai wallet to see how viable privacy is on BTC vs XMR', 69, '2020-06-10 01:52', 'https://www.reddit.com/r/Monero/comments/gzzfgx/i_tested_out_samourai_wallet_to_see_how_viable/', 'Mods: If this is too off-topic since it\'s focused on BTC vs XMR privacy, please feel free to remove.\n\nI try to keep an open mind and actually play with/test out the privacy tools of other chains to compare and learn from them, so I took a stab at Samourai wallet using their "Dojo" full-node:\n\n[https://twitter.com/sethisimmons/status/1269621551877492736?s=20](https://twitter.com/sethisimmons/status/1269621551877492736?s=20)\n\nI go into much greater detail in the thread, but my takeaways compared to XMR were... much stronger than I expected.\n\nTo send a "reasonably private" transaction in BTC vs XMR:\n\n* $37.50 vs $0.0022\n* Mixing fees + transaction fees vs only transaction fees\n* Coordinated mixing vs automatic mixins with each spend\n* \\~4.5h (\\~0.5h focused time, 4h mixing/conf times) + setup of node/wallet vs 2m conf + setup of node/wallet\n* Difficult post-mix spending (one UTXO per spend, ideally) vs very few nuances of TX management when spending Monero\n\nSamourai is certainly a cool tool, but the more I see how people are having to try and put a band-aid on the L1 issues in Bitcoin (and all other transparent base layers), the more confident I am that Monero is setting up the future of the ecosystem for success with default privacy.', 'https://www.reddit.com/r/Monero/comments/gzzfgx/i_tested_out_samourai_wallet_to_see_how_viable/', 'gzzfgx', [['u/tododiamesmacoisa', 30, '2020-06-10 03:27', 'https://www.reddit.com/r/Monero/comments/gzzfgx/i_tested_out_samourai_wallet_to_see_how_viable/ftjft8u/', 'That was an interesting twitter thread, thanks for taking the time to do this test and write it out.\n\nBut now it\'s time for my weekly rant. Hey, don\'t blame me, it\'s 2020 and being angry is trendy.\n\nSamourai wallet and other privacy-oriented addons on Bitcoin are never, ever, going to become the norm for Bitcoin users. It\'s completely unreasonable to expect the majority of users will use these tools as they are not only expensive but also require a decent amount of technical knowledge.\n\nIt\'s also straight out crazy to say all wallets will implement privacy features for Bitcoin. They won\'t. We will always have a ton of popular wallets that don\'t take any step to increase privacy, and I\'m willing to bet a fair amount of money most people in Crypto will end up using a custodial wallet anyway.\n\nIf Bitcoin maximalists say that Monero is just an "interesting experiment" then I can\'t help myself but to see these bitcoin wallets, mixers, etc as just "interesting experiments" where no one who is really serious about their privacy should use.', 'gzzfgx'], ['u/fort3hlulz', 11, '2020-06-10 04:27', 'https://www.reddit.com/r/Monero/comments/gzzfgx/i_tested_out_samourai_wallet_to_see_how_viable/ftjlxr8/', 'I may just have to do that!\n\nI’ve tested Wasabi before, and plan to test Tornado.cash, so I’d have most of what I need from that to compile it.\n\nGreat idea.', 'gzzfgx'], ['u/McBurger', 16, '2020-06-10 06:30', 'https://www.reddit.com/r/Monero/comments/gzzfgx/i_tested_out_samourai_wallet_to_see_how_viable/ftjxp2q/', '&gt;Samourai wallet and other privacy-oriented addons on Bitcoin are never, ever, going to become the norm for Bitcoin users.\n\nYou can say that again.\n\nAs soon as you start turning over rocks about privacy in bitcoin, you stumble upon XMR. And anyone who reads the whitepaper will abandon any notion of bothering to use BTC as a privacy coin.', 'gzzfgx'], ['u/xmr_kayront', 14, '2020-06-10 09:08', 'https://www.reddit.com/r/Monero/comments/gzzfgx/i_tested_out_samourai_wallet_to_see_how_viable/ftk9pzr/', 'That is the story of many of the people here.\n\nIt begun as a desire to be in control of your own money, not having to ask anyone for permission to spend, etc.\n\nEventually you realize that actually, the fact that the (bitcoin) chain is completely transparent, coupled with the fact that over time more and more addresses are KYC\'d (and even if they were not, this just speeds up the process), means that your privacy will almost inevitably end up being violated (in bulk, but that doesn\'t make *me* feel better) and the dream of transacting privately is for the most part just that - a dream - with Bitcoin.\n\nInevitably such people find their way to Monero. So, welcome.\n\nAnd yes, while it\'s perhaps possible - at great cost in time and fees as the OP discovered - to maintain *some* privacy with Bitcoin, the gymnastics required to do so are frankly laughable compared to the (Monero) alternative, which consists, barring a few edge cases that are known to the community, of ..... making a normal transfer.\n\nFor a tiny fraction of the cost of what would be the case with Bitcoin.\n\nFrankly the whole situation is rather absurd, maybe it\'s my own psychological limitation, but I *really* cannot understand the "football team mentality" of sticking with this or that coin because it\'s the one that people pledged allegiance to back in the day.\n\n**Monero works as digital cash today**. Bitcoin doesn\'t. Want to transact privately, maybe anonymously, and securely online using cryptocurrencies? The tool to use is evident, or at least it should be.\n\nI suspect that most of the people who "use" (= send to/from exchanges, if even that) Bitcoin fail to reach this level on the path simply because they are "using" Bitcoin and not *using* Bitcoin.\n\nFor if they actually attempted to *use* it, very soon, hopefully, they would realize that it\'s rather unworkable to operate in a hostile environment with close to zero privacy.', 'gzzfgx']]], ['u/cartmoun', 'I just realized how much better of a sub r/buttcoin is compare to r/bitcoin.', 67, '2020-06-10 03:31', 'https://www.reddit.com/r/Buttcoin/comments/h012y1/i_just_realized_how_much_better_of_a_sub/', "I've had the best discussion about bitcoin here and we laugh at people with bitcoin shoes. It's perfect!", 'https://www.reddit.com/r/Buttcoin/comments/h012y1/i_just_realized_how_much_better_of_a_sub/', 'h012y1', [['u/feedle', 24, '2020-06-10 04:41', 'https://www.reddit.com/r/Buttcoin/comments/h012y1/i_just_realized_how_much_better_of_a_sub/ftjnd4w/', 'Bitcoin shoes? That sounds a lot nicer than the asspenny loafers I have.', 'h012y1'], ['u/potato-in-your-anus', 34, '2020-06-10 05:15', 'https://www.reddit.com/r... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9321.78, 9480.84, 9475.28, 9386.79, 9450.70, 9538.02, 9480.25, 9411.84, 9288.02, 9332.34
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['For the first time since the U.S. went on lockdown three months ago, lawmakers will convene Thursday to discuss digital currencies and other novel technologies. The House Financial Services Committee (FSC) Task Force on Financial Technology will be evaluating how FedAccounts and other digital tools might help the federal government distribute stimulus payments to help Americans suffering the economic fallout of COVID-19 . The virtual hearing kicks off at noon Eastern (16:00 UTC). The concept of using FedAccounts to manage digital currencies has gained traction during the pandemic: bills introduced to the committee have suggested using bank accounts managed by the Federal Reserve to issue stimulus payments. The U.S. government has issued one round of payments by check, but only individuals who have filed taxes within the last two years received them. The idea behind FedAccounts is that any U.S. resident could receive these funds in a snap, rather than wait for a piece of paper mailed across several weeks by the Internal Revenue Service (IRS). “What we discovered is that large segments of the population were not included in the financial system in that they didn’t have either bank account information with the IRS or were otherwise reachable,” said J. Christopher Giancarlo, one of the witnesses for Thursday’s hearing, in a phone interview. “The government had to resort to good old trusty paper checks with the delay in time and the imprecision and the challenges that presented to populations that didn’t have bank accounts.” Giancarlo will advocate for a slightly different version of this vision, and plans to call for a token-based system rather than an account-based one. “We think that this both addresses the concern that this particular hearing is there to address but goes way further by also future-proofing the dollar for the coming digital 21st century when things of value will be increasingly tokenized, decentralized and programmable, and we think that the United States needs to recognize the direction that the world is going,” he said. Story continues Read More: Digital Dollar Project Calls for 2-Tiered Distribution System in First White Paper for US CBDC Related: WATCH: US Lawmakers Will Talk Digital Dollar, FedAccounts in Thursday Hearing The witnesses will include Giancarlo in his capacity as former Commodity Futures Trading Commission (CFTC) chair and now Digital Dollar Project director; University of California Irvine School of Law Professor Mehrsa Baradaran; Vanderbilt University School of Law Professor Morgan Ricks (who co-created the concept of a FedAccount); and Electronics Transaction Association Jodie Kelley. The hearing will be chaired by Rep. Stephen Lynch (D-Mass.), who heads up the task force and has previously commented on the potential role distributed ledgers and cryptocurrencies could play in the U.S. Earlier this year, Lynch proposed recording the Strategic National Stockpile on a blockchain database, to ensure the government has a more accurate picture of the medical supplies it has available. “We are looking at ways that we can adopt this new technology and address some of the challenges that we have in government,” he told CoinDesk in April about using blockchain and distributed ledger technology. “That attitude and that desire has been out there and so we have been looking for ways to utilize that technology to help government function better.” You can watch the hearing here: Related Stories How the COVID-19 Crisis Revived the Digital Dollar Debate Digital Dollars Give the State Too Much Control Over Money', 'For the first time since the U.S. went on lockdown three months ago, lawmakers will convene Thursday to discuss digital currencies and other novel technologies.\nThe House Financial Services Committee (FSC) Task Force on Financial Technologywill be evaluatinghow FedAccounts and other digital tools might help the federal government distribute stimulus payments to help Americans suffering the economic fallout ofCOVID-19. The virtual hearing kicks off atnoon Eastern(16:00 UTC).\nThe concept of using FedAccounts to manage digital currencieshas gained tractionduring the pandemic: bills introduced to the committee have suggested usingbank accounts managed by the Federal Reserveto issue stimulus payments. The U.S. government has issued one round of payments by check, but only individuals who have filed taxes within the last two years received them. The idea behind FedAccounts is that any U.S. resident could receive these funds in a snap, rather than wait for a piece of paper mailed across several weeks by the Internal Revenue Service (IRS).\n“What we discovered is that large segments of the population were not included in the financial system in that they didn’t have either bank account information with the IRS or were otherwise reachable,” said J. Christopher Giancarlo, one of the witnesses for Thursday’s hearing, in a phone interview. “The government had to resort to good old trusty paper checks with the delay in time and the imprecision and the challenges that presented to populations that didn’t have bank accounts.”\nGiancarlo will advocate for a slightly different version of this vision, and plans to call for a token-based system rather than an account-based one.\n“We think that this both addresses the concern that this particular hearing is there to address but goes way further by also future-proofing the dollar for the coming digital 21st century when things of value will be increasingly tokenized, decentralized and programmable, and we think that the United States needs to recognize the direction that the world is going,” he said.\nRead More:Digital Dollar Project Calls for 2-Tiered Distribution System in First White Paper for US CBDC\nRelated:WATCH: US Lawmakers Will Talk Digital Dollar, FedAccounts in Thursday Hearing\nThe witnesses will include Giancarlo in his capacity as former Commodity Futures Trading Commission (CFTC) chair and now Digital Dollar Project director; University of California Irvine School of Law Professor Mehrsa Baradaran; Vanderbilt University School of Law Professor Morgan Ricks (whoco-created the conceptof a FedAccount); and Electronics Transaction Association Jodie Kelley.\nThe hearing will be chaired by Rep. Stephen Lynch (D-Mass.), who heads up the task force and has previously commented on the potential role distributed ledgers and cryptocurrencies could play in the U.S.\nEarlier this year, Lynch proposedrecording the Strategic National Stockpileon a blockchain database, to ensure the government has a more accurate picture of the medical supplies it has available.\n“We are looking at ways that we can adopt this new technology and address some of the challenges that we have in government,” he told CoinDesk in April about using blockchain and distributed ledger technology. “That attitude and that desire has been out there and so we have been looking for ways to utilize that technology to help government function better.”\nYou can watch the hearing here:\n• How the COVID-19 Crisis Revived the Digital Dollar Debate\n• Digital Dollars Give the State Too Much Control Over Money', 'For the first time since the U.S. went on lockdown three months ago, lawmakers will convene Thursday to discuss digital currencies and other novel technologies.\nThe House Financial Services Committee (FSC) Task Force on Financial Technologywill be evaluatinghow FedAccounts and other digital tools might help the federal government distribute stimulus payments to help Americans suffering the economic fallout ofCOVID-19. The virtual hearing kicks off atnoon Eastern(16:00 UTC).\nThe concept of using FedAccounts to manage digital currencieshas gained tractionduring the pandemic: bills introduced to the committee have suggested usingbank accounts managed by the Federal Reserveto issue stimulus payments. The U.S. government has issued one round of payments by check, but only individuals who have filed taxes within the last two years received them. The idea behind FedAccounts is that any U.S. resident could receive these funds in a snap, rather than wait for a piece of paper mailed across several weeks by the Internal Revenue Service (IRS).\n“What we discovered is that large segments of the population were not included in the financial system in that they didn’t have either bank account information with the IRS or were otherwise reachable,” said J. Christopher Giancarlo, one of the witnesses for Thursday’s hearing, in a phone interview. “The government had to resort to good old trusty paper checks with the delay in time and the imprecision and the challenges that presented to populations that didn’t have bank accounts.”\nGiancarlo will advocate for a slightly different version of this vision, and plans to call for a token-based system rather than an account-based one.\n“We think that this both addresses the concern that this particular hearing is there to address but goes way further by also future-proofing the dollar for the coming digital 21st century when things of value will be increasingly tokenized, decentralized and programmable, and we think that the United States needs to recognize the direction that the world is going,” he said.\nRead More:Digital Dollar Project Calls for 2-Tiered Distribution System in First White Paper for US CBDC\nRelated:WATCH: US Lawmakers Will Talk Digital Dollar, FedAccounts in Thursday Hearing\nThe witnesses will include Giancarlo in his capacity as former Commodity Futures Trading Commission (CFTC) chair and now Digital Dollar Project director; University of California Irvine School of Law Professor Mehrsa Baradaran; Vanderbilt University School of Law Professor Morgan Ricks (whoco-created the conceptof a FedAccount); and Electronics Transaction Association Jodie Kelley.\nThe hearing will be chaired by Rep. Stephen Lynch (D-Mass.), who heads up the task force and has previously commented on the potential role distributed ledgers and cryptocurrencies **Last 60 Days of Bitcoin's Closing Prices:** [6971.09, 6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85, 9771.49, 9795.70, 9870.09] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-06-11 **Financial & Commodity Data:** - Gold Closing Price: $1732.00 - Crude Oil Closing Price: $36.34 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $179,959,488,412 - Hash Rate: 126288201.280246 - Transaction Count: 332490.0 - Unique Addresses: 673800.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.52 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Los Angeles, California--(Newsfile Corp. - May 4, 2020) - The Schall Law Firm , a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Canaan Inc. (NASDAQ: CAN) ("Canaan" or "the Company") for violations of the federal securities laws. Investors who purchased the Company's securities pursuant and/or traceable to the Company's initial public offering ("IPO") on or about November 20, 2019, are encouraged to contact the firm before May 4, 2020. If you are a shareholder who suffered a loss, click here to participate . We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com , or by email at [email protected] . The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member. According to the Complaint, the Company made false and misleading statements to the market. Canaan claimed to engage in "strategic cooperation" which was really just a related-party transaction. The Company was in a weaker financial position than it reported. The Company removed many distributors immediately before the IPO, many of which were of dubious quality. Many of the Company's Chinese customers were not in the Bitcoin industry and were therefore not likely to buy its products again. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Canaan, investors suffered damages. Join the case to recover your losses. The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. Story continues This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics. CONTACT: The Schall Law Firm Brian Schall, Esq., www.schallfirm.com Office: 310-301-3335 [email protected] SOURCE: The Schall Law Firm To view the source version of this press release, please visit https://www.newsfilecorp.com/release/55326... - 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.
9480.84, 9475.28, 9386.79, 9450.70, 9538.02, 9480.25, 9411.84, 9288.02, 9332.34, 9303.63
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:** ['GIBRALTAR / ACCESSWIRE / June 11 2020 / IOVlabs, the parent company of Bitcoin-powered smart contract platform RSK and its RSK Infrastructure Framework (RIF), has joined the Linux Foundation and Hyperledger. An open source collaboration to advance blockchain technologies, Hyperledger is a Linux Foundation project with more than 250 members, including companies such as Citi, JP Morgan, Telefonica and IBM. Joining the Hyperledger community paves the way for IOVlabs to utilize Hyperledger Besu technology, alongside its own RIF-based technologies, to develop enterprise and government-oriented projects. Besu is an enterprise-friendly Ethereum client for public and private permissioned networks. "We are thrilled to become part of the Linux Foundation, one of the leading organizations in the promotion of open source software and ecosystems," said IOVlabs CEO Diego Gutierrez Zaldivar. "All of the software used within the RSK network and developed by IOV Labs is open sourced, and our ethos closely aligns with that of Linux. Our membership in the Linux Foundation and Hyperledger will accelerate adoption of open blockchain standards that foster financial freedom, transparency, and trust." Brian Behlendorf, executive director at Hyperledger, added: "IOVlabs\' ambition to establish a fairer and more inclusive financial system lends itself to a number of compelling use cases for blockchain. It\'s gratifying to envision Hyperledger\'s open source, community-built technologies as a foundation for that mission. We welcome IOVlab\'s commitment to creating open, decentralized platforms and the support of its global team in continuing to grow the Hyperledger ecosystem." IOVlabs has developed a number of blockchain-based solutions for enterprises including Gasnet , a blockchain network focused on Argentina\'s natural gas distribution ecosystem, and a proof of concept for the country\'s central bank. Now, it plans to expand its offerings through the partnership with the Linux Foundation and the deployment of Hyperledger Besu. Story continues About IOVlabs IOVlabs develops the blockchain technologies needed for a new global financial ecosystem; one that fosters opportunity, transparency, and trust. The organization currently develops the RSK Smart Contract Network , RIF , and Taringa! Platforms. The RSK Network is one of the more secure smart contract platforms in the world, designed to leverage Bitcoin\'s unparalleled hash power while extending its capabilities. RIF\'s suite of open and decentralized infrastructure protocols enable faster, easier and scalable development of distributed applications (dApps) within a unified environment. Taringa is Latin America\'s largest Spanish speaking social network with 30 million users and 1,000 active online communities. Contact: Dan Edelstein [email protected] +972-545-464-238 SOURCE: IOV Labs View source version on accesswire.com: https://www.accesswire.com/593620/IOVlabs-Joins-Linux-Foundations-Hyperledger-to-Accelerate-Enterprise-and-Government-Adoption-of-Blockchain', 'GIBRALTAR / ACCESSWIRE / June 11 2020/ IOVlabs, the parent company of Bitcoin-powered smart contract platform RSK and its RSK Infrastructure Framework (RIF), has joined the Linux Foundation and Hyperledger. An open source collaboration to advance blockchain technologies, Hyperledger is a Linux Foundation project with more than 250 members, including companies such as Citi, JP Morgan, Telefonica and IBM.\nJoining the Hyperledger community paves the way for IOVlabs to utilizeHyperledger Besutechnology, alongside its own RIF-based technologies, to develop enterprise and government-oriented projects. Besu is an enterprise-friendly Ethereum client for public and private permissioned networks.\n"We are thrilled to become part of the Linux Foundation, one of the leading organizations in the promotion of open source software and ecosystems," said IOVlabs CEO Diego Gutierrez Zaldivar. "All of the software used within the RSK network and developed by IOV Labs is open sourced, and our ethos closely aligns with that of Linux. Our membership in the Linux Foundation and Hyperledger will accelerate adoption of open blockchain standards that foster financial freedom, transparency, and trust."\nBrian Behlendorf, executive director at Hyperledger, added: "IOVlabs\' ambition to establish a fairer and more inclusive financial system lends itself to a number of compelling use cases for blockchain. It\'s gratifying to envision Hyperledger\'s open source, community-built technologies as a foundation for that mission. We welcome IOVlab\'s commitment to creating open, decentralized platforms and the support of its global team in continuing to grow the Hyperledger ecosystem."\nIOVlabs has developed a number of blockchain-based solutions for enterprises includingGasnet, a blockchain network focused on Argentina\'s natural gas distribution ecosystem, and aproof of conceptfor the country\'s central bank. Now, it plans to expand its offerings through the partnership with the Linux Foundation and the deployment of Hyperledger Besu.\nAbout IOVlabs\nIOVlabsdevelops the blockchain technologies needed for a new global financial ecosystem; one that fosters opportunity, transparency, and trust. The organization currently develops theRSK Smart Contract Network,RIF, andTaringa!Platforms.\nThe RSK Network is one of the more secure smart contract platforms in the world, designed to leverage Bitcoin\'s unparalleled hash power while extending its capabilities. RIF\'s suite of open and decentralized infrastructure protocols enable faster, easier and scalable development of distributed applications (dApps) within a unified environment. Taringa is Latin America\'s largest Spanish speaking social network with 30 million users and 1,000 active online communities.\nContact:\nDan [email protected]+972-545-464-238\nSOURCE:IOV Labs\nView source version on accesswire.com:https://www.accesswire.com/593620/IOVlabs-Joins-Linux-Foundations-Hyperledger-to-Accelerate-Enterprise-and-Government-Adoption-of-Blockchain', "Crypto derivatives platform Seed CX will be axing its exchange arm to focus solely on settlements. Announced Thursday , Seed CX intends to focus on its Zero Hash product, the company’s custody and settlement service. Zero Hash began offering back-office settlement functions for bitcoin forwards contracts in September of last year. “As a start up [sic], you inherently gravitate towards opportunity and that often leads you to take on more, rather than less. However, it is equally important to begin to refine the business focus as certain opportunities develop into a ‘real venture growth business,'” CEO Edward Woodford wrote in a Medium post. Read more: Seed CX Subsidiary Adds Crypto Derivatives Settlement for Institutions According to Seed CX, Zero Hash now accounts for 95% of its revenue, leading to the decision to pivot the company’s focus as it aims to become the leading provider of “digital asset settlement infrastructure.” As part of the shift, the company will concentrate on two main areas for clients: regulation and technicals. “Through our API, platforms can own the complete client experience whilst not taking on any regulatory overhead. This is similar to how ‘Banking as a Service’ (BAAS) provides access to traditional rails,” the company wrote. Related: Seed CX to Close Exchange, Focus on Settlements in Company Shift On the technical side, Zero Hash will enable groups to submit two-sided transactions, depending on the product (spot, derivatives or loans) and will handle end-to-end complexities with a particular blockchain to achieve “greater capital efficiency through netting.” The firm also teased some fundraising news. “We are on course to profitability, are well capitalized and will be announcing an additional round of fundraising this month, with investors including Bain Capital. We have settled close to a billion dollars notional in the past months,” Story continues In September 2018, Seed CX announced a $15 million Series B led by Bain Capital. Read more: Bain-Backed Crypto Exchange Seed CX Is Expanding to Asia The startup expanded into Europe in February of this year with the addition of eight order books for its spot-trading market. That will now be closed as the company looks towards settlements in the derivatives and spot markets. Related Stories Crypto Derivatives Exchange OKEx Launches Options on Ether Bullishness Building in Bitcoin Options Market, Data Suggests", "Crypto derivatives platform Seed CX will be axing its exchange arm to focus solely on settlements.\nAnnounced Thursday, Seed CX intends to focus on its Zero Hash product, the company’s custody and settlement service. Zero Hash began offering back-office settlement functions for bitcoinforwardscontracts in September oflast year.\n“As a start up [sic], you inherently gravitate towards opportunity and that often leads you to take on more, rather than less. However, it is equally important to begin to refine the business focus as certain opportunities develop into a ‘real venture growth business,'” CEO Edward Woodford wrote in a Medium post.\nRead more:Seed CX Subsidiary Adds Crypto Derivatives Settlement for Institutions\nAccording to Seed CX, Zero Hash now accounts for 95% of its revenue, leading to the decision to pivot the company’s focus as it aims to become the leading provider of “digital asset settlement infrastructure.”\nAs part of the shift, the company will concentrate on two main areas for clients: regulation and technicals.\n“Through our API, platforms can own the complete client experience whilst not taking on any regulatory overhead. This is similar to how ‘Banking as a Service’ (BAAS) provides access to traditional rails,” the company wrote.\nRelated:Seed CX to Close Exchange, Focus on Settlements in Company Shift\nOn the technical side, Zero Hash will enable groups to submit two-sided transactions, depending on the product (spot, derivatives or loans) and w **Last 60 Days of Bitcoin's Closing Prices:** [6845.04, 6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85, 9771.49, 9795.70, 9870.09, 9321.78] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-06-12 **Financial & Commodity Data:** - Gold Closing Price: $1729.30 - Crude Oil Closing Price: $36.26 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $172,390,814,250 - Hash Rate: 111270144.911784 - Transaction Count: 318274.0 - Unique Addresses: 635165.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.38 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: President Donald Trump signed anexecutive orderlate Thursday aimed at limiting social media platforms immunity from legal actions arising out of third-party content posted on their platform. Barr To Frame Draft Legislation The president said Section 230 of the Communications Decency Act enacted back in 1996 aimed at preserving online free speech, while giving the companies a chance to target harmful material, especially one targeting minors. According to the executive order, social media companies have instead used the "Good Samaritan' blocking" measure to "stifle viewpoints with which they disagree." Social media companies, includingTwitter Inc.(NYSE:TWTR),Facebook Inc.(NASDAQ:FB) and its subsidiary Instagram, andAlphabet Inc.'s(NASDAQ:GOOGL) (NASDAQ:GOOG) YouTube "wield immense, if not unprecedented, power to shape the interpretation of public events; to censor, delete, or disappear information; and to control what people see or do not see," the president said on the need for amending the law. The order calls for the United States Attorney General William Barr to create draft legislation on the matter to be considered by the Congress. Trump said at the time of signing the order that the Department of Justice could propose either to "just remove or totally change" Section 230, the Wall Street Journalreported. Barr said the department would frame the draft in a way to restore the immunity's use to its original intent. Move Follows Twitter Spat The president signed the order after hisscuffle with Twitterover the latter labeling one of his tweets on mail-in ballots as misinformation. "Twitter now selectively decides to place a warning label on certain tweets in a manner that clearly reflects political bias," Trump said in the executive order. "As has been reported, Twitter seems never to have placed such a label on another politician's tweet." The president further accused social media giants of "profiting from and promoting the aggression and disinformation spread by foreign governments like China." Twitter flagged a tweet from the Chinese government spokesperson accusing the U.S. army of bringing the novel coronavirus (COVID-19) to Wuhan as misinformation earlier in the day, Reutersreported. Price Action Twitter shares closed nearly 4.5% lower at $31.60 on Thursday. Facebook shares closed 1.6% lower at $225.46, and Alphabet Class A shares closed 0.1% lower at $1,418.24. Image Credit: whitehouse.gov See more from Benzinga • Tech Companies Aren't 'State Actors,' Judge Dismisses Conservative Bias Lawsuit Against Facebook, Twitter, Google, Apple • Goldman Sachs Investor Presentation On Bitcoin Released, Gets Crypto Community Angry • Tesla Leads Electric Car Sales In South Korea Thanks To Model 3 © 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.... - Reddit Posts (Sample): [['u/zforce01', 'Unpopular Opinion: Moonboys/girls RANT', 54, '2020-06-12 00:15', 'https://www.reddit.com/r/cardano/comments/h77vbd/unpopular_opinion_moonboysgirls_rant/', 'When I initally got into cryptocurrency I first found out about Bitcoin, as the majority of us did. As my comprehension of cyrptocurrency widened I started to understand about altcoins, in particular XRP. The notoriously known altcoin with a cult following and an astounding amount of moonboys/girls. I\'m not going to lie and say I didn\'t fall for it and got into their \'hype\'. Luckily I realised how all these price optomists, e.g. "XRP TO $1000", were extremely unhealthy for the community and provided nobenefit to people so I sold out when there was an opportunity and made a small profit. Most followers, and I say most because there are a few in the XRP community who are very knowledgeable, have no clue what they are getting into and just day and night think about price. You may recognise this behaviour when you search anything related to XRP.\n\nNow Cardano has been gaining more attention lately for obvious and good reasons. But I\'m starting to witness some of these "moonboys/girls" in the community. You can call me a party pooper, pessimistic, overeacting, whatever. But for some reason when I see these types of individuals in this community I start to lose hope and confidence in the community. \n\nBUT OBVIOUSLY they mean nothing and I should really just be ignoring them and this post may have been absolutely unescessary for me to post. BUT I just do not want this community to end up like XRP as I feel it ruins the integrity of the project.\n\nThanks for taking your time to read and sorry for wasting your time.', 'https://www.reddit.com/r/cardano/comments/h77vbd/unpopular_opinion_moonboysgirls_rant/', 'h77vbd', [['u/Square-Clothes', 18, '2020-06-12 00:26', 'https://www.reddit.com/r/cardano/comments/h77vbd/unpopular_opinion_moonboysgirls_rant/ftqt6p2/', 'Moonboys are inevitable in any crypto community. Bitcoin and ETH have their own share of moonboys in subreddits r/bitcoin and r/ethfinance where literally all they do everyday is talk about number go up / number go down. The Ripple community is toxic but this shouldn’t be attributed to the moonboys alone, rather their unhealthy ‘community culture’.', 'h77vbd'], ['u/SouthRye', 44, '2020-06-12 00:27', 'https://www.reddit.com/r/cardano/comments/h77vbd/unpopular_opinion_moonboysgirls_rant/ftqtdij/', 'I think in any community you will get those types - its more or less a part of the crypto culture and frankly who doesnt want to see their investments 10,100 or 1000X etc.\n\nWe dont really allow those sort of fluff bs / low effort self posts like "guys how much do you think this will hit" "When 1 dollar?" "Why is ada pumping / dumping."\n\nOr even low effort gifs or images / memes etc.\n\nWith that said though we do encourage people to take part in the daily to chat about price because its still an important aspect of the community and people still want to, and should have, a place to chat about the markets with other members of the community. \n\nI think so far our system is alright here and I think the best we can do is take the time out of our day and maybe educate those who seem to only focus on price. Like when met with a question like "When 1 dollar?" we should be answering with a responce like "Why 1 dollar" \n\nThis way in the long run more and more people can learn about the ins and outs of the project and it keeps everyone informed of all the cool stuff that is happenning.', 'h77vbd'], ['u/zforce01', 10, '2020-06-12 00:33', 'https://www.reddit.com/r/cardano/comments/h77vbd/unpopular_opinion_moonboysgirls_rant/ftqu1uu/', 'Thanks for the insight it helped me think more critical about the "problem".', 'h77vbd'], ['u/Thrashgasm9ho7', 17, '2020-06-12 01:20', 'https://www.reddit.com/r/cardano/comments/h77vbd/unpopular_opinion_moonboysgirls_rant/ftqzdbf/', 'This theme has been present in the community for years, and I\'ve been posting responses for just as long. I\'m just going to copy/paste a recent post of mine for visibility. \n\n"Everyone here is ultimately in it for financial gain. If you\'re not, you would have donated your investment to IOHK, CF, or Emurgo. The "in it for the tech" arguement comes off as a holier than thou position. Most people hold ADA for the tech, particularly the people who have been in the community for more than a day. I\'ve held ADA since 2017 and it makes up 95% of my holdings. I support the project by investing and participating. Slamming people for wanting returns on an investment has always seemed like such a stupid arguement to me and comes across as coming from someone unaware of the privileged position from which they speak. Am I going to dump 100% when ADA hits a dollar? No, but I might drop 5% to buy a new vehicle. Who cares. My investment, my money, my choice."', 'h77vbd']]], ['u/SpringPopo', "Recent Five Nights at Freddy's news megathread.", 1319, '2020-06-12 02:38', 'https://www.reddit.com/r/fivenightsatfreddys/comments/h7aeyc/recent_five_nights_at_freddys_news_megathread/', 'Due to the amount of news we\'ve been getting recently, the moderator team has listened to a few suggestions and has decided to make another megathread.\n\n\n**Steel Wool:**\n\n- [Back on the 30th of May, Steel Wool\'s CEO and Co-founder did an interview with Elisha Deogracias to celebrate the release of the Switch port.](https://gamingtrend.com/feature/interviews/lets-party-steel-wool-studios-ceo-and-co-founder-on-five-nights-at-freddys-help-wanted-switch-development/)\n\nThe interview also confirms there\'s something the community hasn\'t uncovered in Help Wanted \n\n&gt; "**The FNAF fandom is keen at finding hidden secrets in every Five Nights at Freddy’s game, but is there something in Help Wanted that the fans haven’t found yet?**"\n\n&gt; "Yes. Oh, did you expect me to say it? No dice!"\n\n- [On 6/12/2020, Scott posted a new comment regarding the lack of news for Five Nights at Freddy\'s Security Breach.](https://old.reddit.com/r/fivenightsatfreddys/comments/h77qls/both_steel_wool_and_a_good_chunk_of_people_here/ftr2lj6/?context=3)\n\n&gt;"Okay folks, this is the only news you\'re going to get about this for a while, but try to be patient! I know sometimes it can seem like everything has come to a stop when there is no news, but in this case it\'s quite the opposite. There has been a lot of great stuff going on behind the scenes. This game isn\'t set to appear until the end of the year; and despite how that may sound on the surface, it\'s very good news! More to come!"\n\n- [Scottgames.com has also been updated to feature a new image for the game on 6/11/2020.](http://scottgames.com/)\n\n- [On 6/24/2020, the Oculus Quest port was given a release date of July 16th.](https://old.reddit.com/r/fivenightsatfreddys/comments/hfd9gs/help_wanted_oculus_quest_release_date/)\n\n- [On 7/1/2020, Steel Wool posted a update on twitter regarding the Curse of Dreadbear DLC for the ports. Saying while it won\'t be released immediately, they do have plans for it once everything is up and ready.](https://twitter.com/SteelWoolStudio/status/1278457202064277504)\n\n- [On 7/9/2020, Steel Wool posted the Quest port\'s trailer to their youtube channel.](https://www.youtube.com/watch?v=lbTcnFeF_SI)\n\n- On 7/16/2020, The Quest port of Help Wanted was released.\n\n- [On 8/7/2020, Scottgames.com was updated to feature a new image of Vanny with text saying "OBEY"](http://www.scottgames.com/)\n\n- [On 8/8/2020, To celebrate the 6th anniversary of the series Scott posted two unreleased teasers of Roxanne Wolf and Glamrock Chica to the subreddit.](https://old.reddit.com/r/fivenightsatfreddys/comments/i5yveq/as_a_little_something_special_for_the_sixth/)\n\n[On top of that. Steel Wool wished the series a happy 6th anniversary and included art done by one of their great concept artists, cakepaints.](https://twitter.com/SteelWoolStudio/status/1292168902722514944)\n\n- [On 9/16/2020, the teaser trailer for Security Breach was revealed at Sony\'s PS5 line up showcase.](https://old.reddit.com/r/fivenightsatfreddys/comments/iu457a/five_nights_at_freddys_security_breach_teaser/)\n\n**Illumix:**\n\n- A new event for FNaF AR has started called the Wasteland Event. [The first character revealed so far is Radioactive Foxy, he was released on 6/11/2020](https://old.reddit.com/r/fivenightsatfreddys/comments/h79va9/now_entering_the_wasteland_proceed_with_caution/)\n\n- [Illumix made a post about the FNaF AR Merch Store launching this month as well as a general update on the game.](https://old.reddit.com/r/fivenightsatfreddys/comments/h9ld3m/fnaf_ar_merch_and_more/)\n\n- [On 6/18/2020, a new skin for the Wasteland Event was released. This time being a skin of Springtrap called "Toxic Springtrap", yours truly lost his shit shortly thereafter.](https://old.reddit.com/r/fivenightsatfreddys/comments/hbq0ov/authorized_personnel_only_hazardous_materials/) \n\n- [On 6/19/2020, Illumix revealed the release date for the launch of the store. The store launches on June 23rd, 2020 at 9 AM PST.](https://old.reddit.com/r/fivenightsatfreddys/comments/hc6o3z/fnaf_ar_merch_release_date/)\n\n- [Also on the same day, illumix revealed their Sweet Surprise Limited Edition collection launching on June 23rd with the store. Which contains 6 different types of Chocolate Bonnie shirts you can order. VIPs will also have exclusive access to the collection for 2 hours before it is opened to the public.](https://www.instagram.com/p/CBoYtYnH9c0/?igshid=81e71wfpgz64)\n\n- [On 6/20/2020, Illumix revealed more shirt designs featuring characters such as BB, Springtrap, and Foxy.](https://www.instagram.com/p/CBqwmSpHseD/)\n\n- [On 6/22/2020, Illumix made a update post regarding the Wasteland Event &amp; the rest of June 2020.](https://old.reddit.com/r/fivenightsatfreddys/comments/hdy3u6/the_wasteland_event_june_fnaf_ar_update/)\n\n- [On 6/22/2020, Illumi... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9475.28, 9386.79, 9450.70, 9538.02, 9480.25, 9411.84, 9288.02, 9332.34, 9303.63, 9648.72
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Bitcoin rose by 2.05% on Friday. Partially reversing a 6.33% slide from Thursday, Bitcoin ended the day at $9,468.3.\nA bearish start to the day saw Bitcoin fall to an early morning intraday low $9,246.0 before making a move.\nSteering clear of the first major support level at $8,913.2, Bitcoin rallied to an early afternoon intraday high $9,544.0.\nFalling short of the first major resistance level at $9,802.0, Bitcoin fell back to a low $9,318.2 before finding support.\nA late move back through to $9,400 levels delivered the upside, while resistance at $9,500 pinned Bitcoin back late on.\nThe near-term bullish trend remained intact in spite of Thursday’s sell-off, with Bitcoin holding well above the 23.6% FIB of $8,900.\nFor the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.\nAcross the rest of the majors, it was also a bullish day on Friday.\nCardano’s ADA led the way, rallying by 5.66%.\nEOS (+3.38%), Ethereum (+3.21%), Litecoin (+3.52%), Monero’s XMR (+3.34%), and Tron’s TRX (+4.05%) also found strong support.\nBinance Coin (+2.65%), Bitcoin Cash ABC (+2.14%), Bitcoin Cash SV (+0.85%), Ripple’s XRP (+2.66%), Stellar’s Lumen (+2.50%), and Tezos (+2.23%) trailed the front runners.\nThrough the current week, the crypto total market cap had recovered from a Tuesday low $265.84bn, rising to a Wednesday high $278.33bn before Thursday’s sell-off. The sell-off saw the total market cap slide to a current week low $252.82bn. At the time of writing, the total market cap stood at $262.90bn.\nIn the week, Bitcoin’s dominance slid to a current week low 65.7% before hitting a current week high 66.39% in Thursday’s sell-off. At the time of writing, Bitcoin’s dominance stood at 66.05%.\nAt the time of writing, Bitcoin was down by 0.36% to $9,436.2. A bearish start to the day saw Bitcoin fall from an early morning high $9,474.6 to a low $9,434.1.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was also a mixed start to the day.\nCardano’s ADA and EOS were down by 0.84% and by 0.70% at the time of writing, to lead the way down.\nBitcoin Cash SV (+0.07%), Monero’s XMR (+0.09%), and Tron’s TRX (+0.50%) bucked the trend early on.\nBitcoin would need to avoid sub-$9,420 levels to bring the first major resistance level at $9,592.9.87 into play.\nSupport from the broader market would be needed, however, for Bitcoin to break out from Friday’s high $9,544.0.\nBarring a broad-based crypto rally, the first major resistance level and Friday high would likely cap any upside.\nIn the event of a crypto rebound, Bitcoin could eye the second major resistance level at $9,717.43 before any pullback.\nFailure to avoid a fall through the $9,420 pivot could see Bitcoin struggle for another day.\nA fall back through the morning low $9,434.1 to sub-$9,420 levels would bring the first major support level at $9,294.87 into play.\nBarring another extended crypto sell-off, however, Bitcoin should steer clear of sub-$9,000 levels. The second major support level at $9,121.43 should limit any downside.\nThisarticlewas originally posted on FX Empire\n• European Equities: A Week in Review – 13/06/20\n• E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Buyers Defending 25144 Fibonacci Level\n• The Crypto Daily – Movers and Shakers – June 13th, 2020\n• Natural Gas Price Forecast – Natural Gas Markets Testing Trendline Again\n• Natural Gas Weekly Price Forecast – Natural Gas Markets Form Support of Candle\n• EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – June 13th, 2020', 'Bitcoin rose by 2.05% on Friday. Partially reversing a 6.33% slide from Thursday, Bitcoin ended the day at $9,468.3. A bearish start to the day saw Bitcoin fall to an early morning intraday low $9,246.0 before making a move. Steering clear of the first major support level at $8,913.2, Bitcoin rallied to an early afternoon intraday high $9,544.0. Falling short of the first major resistance level at $9,802.0, Bitcoin fell back to a low $9,318.2 before finding support. A late move back through to $9,400 levels delivered the upside, while resistance at $9,500 pinned Bitcoin back late on. The near-term bullish trend remained intact in spite of Thursday’s sell-off, with Bitcoin holding well above the 23.6% FIB of $8,900. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was also a bullish day on Friday. Cardano’s ADA led the way, rallying by 5.66%. EOS (+3.38%), Ethereum (+3.21%), Litecoin (+3.52%), Monero’s XMR (+3.34%), and Tron’s TRX (+4.05%) also found strong support. Binance Coin (+2.65%), Bitcoin Cash ABC (+2.14%), Bitcoin Cash SV (+0.85%), Ripple’s XRP (+2.66%), Stellar’s Lumen (+2.50%), and Tezos (+2.23%) trailed the front runners. Through the current week, the crypto total market cap had recovered from a Tuesday low $265.84bn, rising to a Wednesday high $278.33bn before Thursday’s sell-off. The sell-off saw the total market cap slide to a current week low $252.82bn. At the time of writing, the total market cap stood at $262.90bn. In the week, Bitcoin’s dominance slid to a current week low 65.7% before hitting a current week high 66.39% in Thursday’s sell-off. At the time of writing, Bitcoin’s dominance stood at 66.05%. This Morning At the time of writing, Bitcoin was down by 0.36% to $9,436.2. A bearish start to the day saw Bitcoin fall from an early morning high $9,474.6 to a low $9,434.1. Story continues Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was also a mixed start to the day. Cardano’s ADA and EOS were down by 0.84% and by 0.70% at the time of writing, to lead the way down. Bitcoin Cash SV (+0.07%), Monero’s XMR (+0.09%), and Tron’s TRX (+0.50%) bucked the trend early on. For the Bitcoin Day Ahead Bitcoin would need to avoid sub-$9,420 levels to bring the first major resistance level at $9,592.9.87 into play. Support from the broader market would be needed, however, for Bitcoin to break out from Friday’s high $9,544.0. Barring a broad-based crypto rally, the first major resistance level and Friday high would likely cap any upside. In the event of a crypto rebound, Bitcoin could eye the second major resistance level at $9,717.43 before any pullback. Failure to avoid a fall through the $9,420 pivot could see Bitcoin struggle for another day. A fall back through the morning low $9,434.1 to sub-$9,420 levels would bring the first major support level at $9,294.87 into play. Barring another extended crypto sell-off, however, Bitcoin should steer clear of sub-$9,000 levels. The second major support level at $9,121.43 should limit any downside. This article was originally posted on FX Empire More From FXEMPIRE: European Equities: A Week in Review – 13/06/20 E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Buyers Defending 25144 Fibonacci Level The Crypto Daily – Movers and Shakers – June 13th, 2020 Natural Gas Price Forecast – Natural Gas Markets Testing Trendline Again Natural Gas Weekly Price Forecast – Natural Gas Markets Form Support of Candle EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – June 13th, 2020', 'In this audio interview, CoinDesk’s Leigh Cuen and adult content creator Allie Awesome talk about payments and money in the sex industry, especially the trends impacted by the 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 . This episode is sponsored by Bitstamp and Ciphertrace . From how porn performers and entrepreneurs deal with Bitcoin Twitter to the ways the pandemic changed our digital sex lives, Cuen and Allie explore what actually drives demand for censorship-resistant systems. The biggest problem? Allie and other performers and sex workers basically have their digital advertising and distribution platforms controlled by third parties that aren’t responsible to the workers. For example, OnlyFans briefly froze Allie’s account earlier this year. Although she regained access, her distribution conduits remain at the mercy of tech platforms. This is where peer-to-peer transactions come in. Allie said she knows how to use a cryptocurrency wallet and would gladly do so if more customers wanted to pay her directly. The fact is, those customers are few and far between. “To those people who want to come up with a solution, my first question is: Well, are you paying for porn?” she said. “I think a lot of people want to make money off of ‘adult’, but they aren’t really willing to invest in ‘adult.’” Related: How the Porn Industry Changed During Coronavirus, With Performers Wary of Bitcoin See also: Why Lightning Payments Aren’t Clicking for Porn Companies (Just Yet) Another major issue, according to Allie, is an increase in traffic or visibility doesn’t always translate to profits. Plus, many crypto fans see her industry as something they want to profit from, by building their own tech solutions rather than contribute to experienced performers. Story continues Compared to other bitcoin or ether holders, sex workers are even more likely to rely on social networks like Twitter than exchanges like Coinbase, which de-platforms them just like PayPal. Performers require either a high degree of technical skill, to use decentralized exchange (DEX) platforms like Bisq , or a de facto social liquidity network in order to use cryptocurrency without trusting third parties. Allie shares why she is excited about cryptocurrency, even if it’s a challenge to use it for censorship resistance. 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 Stor **Last 60 Days of Bitcoin's Closing Prices:** [6842.43, 6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85, 9771.49, 9795.70, 9870.09, 9321.78, 9480.84] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-06-13 **Financial & Commodity Data:** - Gold Closing Price: $1729.30 - Crude Oil Closing Price: $36.26 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $172,390,814,250 - Hash Rate: 107856950.282588 - Transaction Count: 280181.0 - Unique Addresses: 541115.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.38 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: In the last 24 hours, bitcoin has lost nearly 4% to $8,700.Ethereum(ETH) sank under $200 threshold, losing more than 6% in the last 24 hours. The Crypto Fear & Greed Index rose 17 points over the week, fully reflecting the market sentiment. However, it remains in the “fear” area. The RSI forBTCUSDon the daily chart is declining from the overbought area. This technical indicator has worked accurately enough lately. Since last Thursday Bitcoin is being redeemed on the declines to the 200-day average, which has stabilized near $8,500. If this support could not resist, the pressure on the first cryptocurrency might intensify. A simple 200-day moving average is a reliable trend indicator in traditional markets, and it has proved to be a reliable indicator on the crypto market. The decline under this line at the end of February was the start of a 3-fold price collapse the following month. In November 2019, BTCUSD dropped by 18% the next month after fixing under the 200-day line. In May 2018, the decline from about the same levels was stopped only seven months later, at $3,300. There is only a week left before halving in the Bitcoin network, but it is still difficult to see signs of FOMO in the market dynamics, which could push the price far above $10,000. And the closer the halving is, the less likely FOMO to happen. It is quite probable that halving will not clear on price prospects for market participants. As before, this event may have a delayed effect. However, the environment around the cryptocurrency and the composition of investors has changed. Institutional market participants still are not crypto enthusiasts. This should be considered in forecasts on the impact of halving on the future price of bitcoin. by Alex Kuptsikevich, the FxPro senior financial analyst Thisarticlewas originally posted on FX Empire • U.S. Stocks Set To Open Lower As U.S. – China Tensions Increase • E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Strong Over 8743.50, Weak Under 8576.50 • Silver Price Forecast – Silver Continues to Underperform • US Open – Risk, Earnings, Oil, Gold, Bitcoin • Natural Gas Price Forecast – Natural Gas Markets Run Into Resistance • Gold Price Forecast – Gold Markets Gap to Kickoff Week... - 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.
9386.79, 9450.70, 9538.02, 9480.25, 9411.84, 9288.02, 9332.34, 9303.63, 9648.72, 9629.66
You are an expert financial analyst. Your primary task is to 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 0.14% on Saturday. Following a 2.05% gain on Friday, Bitcoin ended the day at $9,480.9.\nA bearish start to the day saw Bitcoin fall to an early morning intraday low $9,363.6 before making a move.\nSteering clear of the first major support level at $9,294.87, Bitcoin rallied to an early evening intraday high $9,498.6.\nFalling short of the first major resistance level at $9,592.87, Bitcoin fell back to the intraday low $9,363.6 before finding support.\nA late move back through to $9,480 levels delivered the upside, while resistance at $9,500 continued to pin Bitcoin back.\nThe near-term bullish trend remained intact in spite of last Thursday’s sell-off, with Bitcoin holding well above the 23.6% FIB of $8,900.\nFor the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.\nAcross the rest of the majors, it was also a mixed day on Saturday.\nBitcoin Cash SV, (-0.26%), Cardano’s ADA (-0.52%), and Ripple’s XRP (-0.30%) ended the day in the red.\nIt was a relatively bullish day for the rest of the pack, however.\nBinance Coin (+1.02%), Monero’s XMR (+1.25%), Stellar’s Lumen (+2.10%), Tezos (+1.14%), and Tron’s TRX (+1.62%) led the way.\nBitcoin Cash ABC (+0.69%), EOS (+0.36%), Ethereum (+0.25%), Litecoin (+0.85%) also joined Bitcoin in the green.\nThrough the current week, the crypto total market cap had recovered from a Tuesday low $265.84bn, rising to a Wednesday high $278.33bn before Thursday’s sell-off. The sell-off saw the total market cap slide to a current week low $252.82bn. At the time of writing, the total market cap stood at $263.63bn.\nIn the week, Bitcoin’s dominance slid to a current week low 65.7% before hitting a current week high 66.39% in Thursday’s sell-off. At the time of writing, Bitcoin’s dominance stood at 65.99%.\nAt the time of writing, Bitcoin was down by 0.27% to $9,455.5. A bearish start to the day saw Bitcoin fall from an early morning high $9,486.0 to a low $9,452.3.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nBitcoin Cash SV and Monero’s XMR bucked the trend early on, with gains of 0.08% and 0.33% respectively.\nIt was a bearish start for the rest of the pack, however. Cardano’s ADA led the way down, with a 0.70% loss at the time of writing.\nBitcoin would need to avoid sub-$9,448 levels to bring the first major resistance level at $9,531.8 into play.\nSupport from the broader market would be needed, however, for Bitcoin to break out from Saturday’s high $9,498.6.\nBarring a broad-based crypto rally, the first major resistance level and Saturday’s high $9,498.6 would likely cap any upside.\nIn the event of a crypto rebound, Bitcoin could eye the second major resistance level at $9,582.7 before any pullback.\nFailure to avoid a fall through the $9,448 pivot level could see Bitcoin hit reverse.\nA fall back through the morning low $9,452.3 to sub-$9,448 levels would bring the first major support level at $9,396.8 into play.\nBarring another extended crypto sell-off, however, Bitcoin should steer clear of the second major support level at $9,312.7.\nThisarticlewas originally posted on FX Empire\n• Natural Gas Price Forecast – Natural Gas Markets Testing Trendline Again\n• EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – June 14th, 2020\n• The Week Ahead – Central Banks, Economic Data, COVID-19, and Brexit in Focus\n• Crude Oil Weekly Price Forecast – Crude Oil Markets Pull Back\n• US Stock Market Overview – Stocks Rebound but Finish Lower for the Week\n• European Equities: A Week in Review – 13/06/20', 'Bitcoin rose by 0.14% on Saturday. Following a 2.05% gain on Friday, Bitcoin ended the day at $9,480.9. A bearish start to the day saw Bitcoin fall to an early morning intraday low $9,363.6 before making a move. Steering clear of the first major support level at $9,294.87, Bitcoin rallied to an early evening intraday high $9,498.6. Falling short of the first major resistance level at $9,592.87, Bitcoin fell back to the intraday low $9,363.6 before finding support. A late move back through to $9,480 levels delivered the upside, while resistance at $9,500 continued to pin Bitcoin back. The near-term bullish trend remained intact in spite of last Thursday’s sell-off, with Bitcoin holding well above the 23.6% FIB of $8,900. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was also a mixed day on Saturday. Bitcoin Cash SV, (-0.26%), Cardano’s ADA (-0.52%), and Ripple’s XRP (-0.30%) ended the day in the red. It was a relatively bullish day for the rest of the pack, however. Binance Coin (+1.02%), Monero’s XMR (+1.25%), Stellar’s Lumen (+2.10%), Tezos (+1.14%), and Tron’s TRX (+1.62%) led the way. Bitcoin Cash ABC (+0.69%), EOS (+0.36%), Ethereum (+0.25%), Litecoin (+0.85%) also joined Bitcoin in the green. Through the current week, the crypto total market cap had recovered from a Tuesday low $265.84bn, rising to a Wednesday high $278.33bn before Thursday’s sell-off. The sell-off saw the total market cap slide to a current week low $252.82bn. At the time of writing, the total market cap stood at $263.63bn. In the week, Bitcoin’s dominance slid to a current week low 65.7% before hitting a current week high 66.39% in Thursday’s sell-off. At the time of writing, Bitcoin’s dominance stood at 65.99%. This Morning At the time of writing, Bitcoin was down by 0.27% to $9,455.5. A bearish start to the day saw Bitcoin fall from an early morning high $9,486.0 to a low $9,452.3. Story continues Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Bitcoin Cash SV and Monero’s XMR bucked the trend early on, with gains of 0.08% and 0.33% respectively. It was a bearish start for the rest of the pack, however. Cardano’s ADA led the way down, with a 0.70% loss at the time of writing. For the Bitcoin Day Ahead Bitcoin would need to avoid sub-$9,448 levels to bring the first major resistance level at $9,531.8 into play. Support from the broader market would be needed, however, for Bitcoin to break out from Saturday’s high $9,498.6. Barring a broad-based crypto rally, the first major resistance level and Saturday’s high $9,498.6 would likely cap any upside. In the event of a crypto rebound, Bitcoin could eye the second major resistance level at $9,582.7 before any pullback. Failure to avoid a fall through the $9,448 pivot level could see Bitcoin hit reverse. A fall back through the morning low $9,452.3 to sub-$9,448 levels would bring the first major support level at $9,396.8 into play. Barring another extended crypto sell-off, however, Bitcoin should steer clear of the second major support level at $9,312.7. This article was originally posted on FX Empire More From FXEMPIRE: Natural Gas Price Forecast – Natural Gas Markets Testing Trendline Again EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – June 14th, 2020 The Week Ahead – Central Banks, Economic Data, COVID-19, and Brexit in Focus Crude Oil Weekly Price Forecast – Crude Oil Markets Pull Back US Stock Market Overview – Stocks Rebound but Finish Lower for the Week European Equities: A Week in Review – 13/06/20', "N EW YORK, NY / ACCESSWIRE / June 14, 2020 / The concept of blockchain and thus, Bitcoin, came riding on the advantage of the anonymity of transactions, defiance to authority, lack of centralization and overseer authority among other advantages. Cryptocurrencies became popular because their programmers touted them as anonymous. It has, however, emerged that they are not and that transactions undertaken using altcoins can be traced. Over time with the increased government scrutiny and unwanted invasion by phishers, users now realize that the cryptocurrency world is not as anonymous as most of them were led to believe. A tech startup called, CryptoMixer is changing all this and giving back cryptocurrency enthusiasts their security and privacy. The start-up provides a cryptocurrency mixing platform that obscures your cryptocurrency transactions, making it hard for anyone to trace your dealings. CryptoMixer reintroduces anonymity by allowing online shoppers that pay using cryptocurrency through addresses that remain anonymous when the user is completing transactions. The shoppers, as such, cannot be associated with the various addresses they use. How Does Coin Mixing Work? Coin mixers work by essentially collecting cryptocurrency from the people using cryptocurrency, mixing it with a giant pile of other cryptocurrencies, and then sending them smaller units of cryptocurrency to an address of their preference, with total the amount that you put in minus 1-3%. The 1-3 % is generally taken as a profit by the coin mixing company. This is how they make money. A cryptocurrency mixer (also known as a blender) allows you to spend, store and share cryptocurrencies, without your transactional data becoming public. In short, it makes your financial transactions anonymous in the true sense. It is done by mixing your transactional data with a pool of Bitcoin data. This ensures your data is secure, you have control over your privacy, and no data can be traced back to you, as the link between the sender and the receiver is broken. Story continues Crypto Mixer: The crypto mixing solution CryptoMixer is a unique cryptocurrency mixer/blender that ensures your cryptocurrency becomes untraceable, and no link exists between the stakeholders. They have designed different pools of cryptocurrencies based on their sources, with variable fee percentages. This segmentation and differentiation ensure the clean mixing of the currency. The three pools include Standard Pool, Smart Pool, and Stealth Pool. It uses a 'smart code' to avoid the same currencies from reaching a user on multiple occasions. Features of Smart Mixer Platform Zero Post-Transaction Logs - Crypto **Last 60 Days of Bitcoin's Closing Prices:** [6642.11, 7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85, 9771.49, 9795.70, 9870.09, 9321.78, 9480.84, 9475.28] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-06-14 **Financial & Commodity Data:** - Gold Closing Price: $1729.30 - Crude Oil Closing Price: $36.26 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $173,525,649,688 - Hash Rate: 116048617.392658 - Transaction Count: 275723.0 - Unique Addresses: 502951.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.40 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Fear not, Wall Street. While this week’s sell-off in stocks was steep, the S&P 500 is still up 34% from its March 23 nadir on Friday morning. In other words, the United States’ fiscal and monetary COVID-19 stimulus efforts continue to be heavily favoring hedge fund managers, bankers and corporate CEOs. Meanwhile, as stocks have posted a record-breaking rally , 115,000 Americans have died from a pandemic that forced 38 million others to file for unemployment benefits. This is not only fundamentally unfair, it also highlights how our current capital market system grossly misallocates resources. Failed companies with dire long-term prospects – see Hertz, below – get rescued while small businesses and startups working on solutions to our economic and public health malaise miss out. You’re reading Money Reimagined , a weekly look at the technological, economic and social events and trends that are redefining our relationship with money and transforming the global financial system. You can subscribe to this and all of CoinDesk’s newsletters here . It’s time to talk about an alternative mechanism for allocating capital, one that’s not skewed by the stock market. It’s time to revisit ICOs. A different approach First, some level-setting: The 2016-2017 ICO boom was an abomination. Rife with scams, ill-defined business plans and hype, the initial coin offering bubble provided a reminder of why securities regulations exist: to make fundraisers with asymmetric information accountable and to protect investors from their abuse. But the token boom did unleash some valuable outside-the-box thinking. We should tap into it now. Related: Money Reimagined: The Fed, Hertz, a Bonkers Stock Market and why ICOs Still Matter ICOs were touted as a means for innovators to gain access to a wider funding pool and for retail investors to earn the kind of returns otherwise reserved for privileged insiders. Startups, it was said, could now bypass the venture capital gatekeepers who decide who gets funded and who gets the golden handout of a stock market initial public offering, while token investors could make those 100x payouts VCs boasted about. Story continues Disintermediating both Silicon Valley and Wall Street paved the way to an open market for ideas, ICO fans proclaimed. Yes, there’d be losses, blowups and scams. But in its roundabout way it would ultimately allocate resources to where the economy most needed it: to the innovators. Those voices were quieted by the bubble’s bursting in 2018. But the current state of U.S. financial markets demands we revisit some of their arguments – if not to resurrect the failed ICO model than to think through related regulatory reforms that address the problems with the Wall Street model. After all, the transfer of wealth from ordinary Americans outside the system to a privileged few insiders has been many magnitudes greater these past two months than anything that happened in the token issuance markets. For most of the 20th century, that system served reasonably as an engine for monetizing American ingenuity and funding economic development. But, over time, mostly because of the excessive political clout that Wall Street accumulated, it has incorporated some perverse incentives that discourage innovation. Part of the problem stems from our political culture. The mainstream narrative fed by media outlets like CNBC and by Dow industrials-obsessed political leaders like Donald Trump positions the stock market as the bellwether of the American Dream. With elites so invested in the market, both economically and politically, it’s little wonder the COVID-19 monetary and fiscal bailouts were geared toward propping it up. But it’s also structural. Think of how the quarterly “earnings season” sets standards. The rewards for all involved – Wall Street’s earnings forecasters, ROI-obsessed fund managers and corporate executives and, by extension, the bonuses of their middle management staff – hinge on “beating the number” every three months. This isn’t conducive to taking bold bets on innovative strategies that take much longer to gestate. Consider the problem of “stranded assets.” Most pension funds continue to hold big stakes in carbon-heavy companies such as oil and gas producers even though reams of analysis suggest they will be worthless within the longer-term retirement horizon of most of their members. It’s hard to get off the drug of quarterly returns. (A tangential thought experiment: Quarterly company reports are a byproduct of centralized, siloed accounting systems in which bookkeepers and auditors must reconcile records and draft periodic financial snapshots. What would happen to the quarterly rhythms of Wall Street if these reports became obsolete? What if all counterparties within a particular supply chain or economic ecosystem instead contributed to a single distributed ledger with an openly available yet privacy-protected snapshot of all transactions in real time? Such models are not possible now, but blockchains and zero-knowledge proof developers are putting them within the realm of imagination.) What works and what doesn’t? To imagine an alternative, cast your mind back to 2018 when token prices were tanking, the ICO market was drying up and “Crypto Winter” was setting in. There was actually a sensible debate back then on what token-based fundraising ideas should be retained and which ones should be dispelled. We should revive it. For example, are security token offerings, which require regulatory filings but can integrate smart contracts that traditional stocks and bonds cannot, a better way for startups to fund themselves? STOs were hot for a brief post-ICO period, and then lost momentum as it was clear the regulatory, compliance and technical framework had a long way to go. But there seems to be some resurgent interest, with issuer platforms Polymath and Securitize both making technical progress. One can imagine the recent tie-up between Galaxy and Bakkt also veering into security token services for institutional investors. Can we also agree on what legal utility tokens are, and on what the best practices for marketing them are? If, as the “Hinman doctrine” suggests, a token can cease to be security if its network evolves to a more decentralized state, what is the right framework for token issuers to stay compliant through that evolution toward utility status? How can they stay compliant at the outset but have a means to attain the desired network effects of a token-governed decentralized system? And how do we make it easier for small investors to legally and safely buy and sell tokens? Accredited investor rules are outdated, favor the same set of privileged wealthy players and unreasonably restrict the general public’s access. Meanwhile, U.S. restrictions on a host of crypto exchanges deny ordinary Americans access to a market that’s intrinsically designed for little guys to participate in. Regulation is both unavoidable and necessary. But it absolutely should not function as protective armor for a capital market system that harms our economy’s capacity to optimize capital allocation. At a time when the U.S. economy needs innovative approaches to everything, we urgently need an innovative approach to how we fund innovation. A phoenix rises… and falls For proof of our broken capital allocation system, look no further than the performance of Hertz’s stock. On May 24, the car rental company filed for bankruptcy after incurring massive losses on account of the COVID-19 travel restrictions, which had left the industry’s fleets at a standstill. In response, Hertz’s share price, which had already shed more than 85% from a two-year high in late February, plunged further, dropping into penny stock territory to $0.56. But then a strange thing happened: On Thursday last week, Hertz started a three-day tear to hit $5.54 on Monday, a 574% gain. A surge in trading activity by accounts listed on small investor trading app Robinhood seemed to be behind the gain. As the rest of the market absorbed the euphoria of a stimulus-fueled recovery, the bankrupt car rental firm was suddenly attracting an influx of speculative retail investors. For many of those newcomers, the story hasn’t ended well. On Wednesday, the New York Stock Exchange put the company on notice for delisting. Hertz is appealing that decision, but the announcement sent the shares crashing back to earth. At Thursday’s close, the price was at $2.06. A common caveat emptor response would simply say that some greedy speculators learned a lesson and we can forget about it. But the reality is more nuanced. That kind of speculative mania is inseparable from the broader sentiment of the market, which is now consumed by a “don’t fight the Fed” logic on monetary stimulus. Hertz’s mini-bubble was (indirectly) engineered by central bankers. The global town hall What’s your story, bitcoin? June has been a frustrating month so far for bitcoin bulls. That’s not only because a series of rallies offered false hope, each faltering near the psychologically important $10,000 level. It’s also because market performance has again confounded efforts to define a narrative for bitcoin as an asset. After its COVID-19 sell-off in early March, which challenged the idea of bitcoin as a safe haven, bitcoin’s relatively strong rebound was explained in terms of fiat money supply issues. Bitcoin would then be described as an antidote to the fiat world’s “quantitative easing” as the Federal Reserve’s stimulus efforts spawned the “Money Printer go Brrrrr” meme and bitcoin’s own monetary policy “quantitatively tightened” via the halving . But on Thursday, one day after the Fed said it was “committed to using its full range of tools to support the U.S. economy,” bitcoin again sold off sharply. After staging another frustrating rally to just above $9,900, it plunged to an intraday low of $9108.47. Crucially, this was in sync with a big unwinding  in U.S. stocks as concerns grew a... - 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.
9450.70, 9538.02, 9480.25, 9411.84, 9288.02, 9332.34, 9303.63, 9648.72, 9629.66, 9313.61
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:** ['Bitcoinproved itself a resilient asset, if not a stable or useful currency, during March’s global financial meltdown, according to analysts at one of the world’s largest investment banks.\nIn a note to investor clients circulated June 11 and obtained by CoinDesk, JPMorgan Chase & Co. analysts described how bitcoin has shifted from a fairlyuncorrelatedasset to one whose price more closely tracks traditional stocks.\n“Though correlations were modest and mostly mean-reverting around zero for much of the past couple of years, in recent months they have moved sharply higher in some cases (equities) and lower in others (U.S. dollar, gold),” wrote the team of strategists led by Joshua Younger.\nThe analysts, who normally cover bonds, noted bitcoin’s success in outperforming traditional assets in March on a volatility-adjusted basis. The report also found that liquidity on major bitcoin exchanges was, surprisingly, more resilient than for traditional assets such as equities, gold, U.S. Treasury bonds and foreign exchange.\nThe results of their analysis “suggest that bitcoin saw among the most severe drops in liquidity around the peak of the crisis in March, but that disruption was cured much faster than other asset classes,” the researchers wrote. “At this point, bitcoinmarket depthis above its 1-year trailing average, while liquidity in more traditional asset classes has yet to recover.”\nStablecoins, whose values are generally pegged to government currencies, got a brief mention and were described as relatively “unscathed” by the March turbulence.\nFrom March 2-23, the S&P 500 plunged 29% as investors looked to cash out amid increasing concerns about the coronavirus.\nRelated:JPMorgan Analysts: Bitcoin Is Likely to Survive (as a Speculative Asset)\nThe JPMorgan analysts reckoned that cryptocurrencies successfully passed their first stress test during this period despite volatile price action. During the March panic, crypto valuations did not diverge all that much from their intrinsic values, showing little flight to liquidity within the asset class, the analysts wrote.\nWhile themarket structurefor crypto during this period was more resilient than its traditional counterparts, according to the report, bitcoin did not quite live up to its reputation in some corners as a port in a storm.\n“There is little evidence that bitcoin and others served as a safe haven (i.e., ‘digital gold’)—rather, its value appears to have been highly correlated with risky assets like equities,” the report concluded. “This all likely points to the continued survival of the asset class, but likely still more as a vehicle for speculation than as a medium of exchange or store of value.”\nWhile that may sound like faint praise, the analysts’ assessment differs sharply from past comments by JPMorgan’s chairman and CEO,Jamie Dimon, who dismissed bitcoin as a “fraud” around the height of the 2017 bull market. During the subsequent “crypto winter,” financial services giants such asFidelityandICEbegan laying the groundwork for potentialinstitutional investmentin the asset class.\nJPMorgan Chase has beenexperimentingwithblockchain technologysince 2016, and it recently began banking two of the largest U.S. crypto exchanges, the megabank’sfirst clients in the sector.\nSee also:Crypto Long & Short: Cryptocurrency Markets May Be Decentralized, but They’re Still Accountable\nUPDATE (June 15, 11:45 UTC):Added background about JPMorgan.\n• Bootstrapping Mobile Mesh Networks With Bitcoin Lightning\n• How the Porn Industry Changed During Coronavirus, With Performers Wary of Bitcoin', 'Bitcoinproved itself a resilient asset, if not a stable or useful currency, during March’s global financial meltdown, according to analysts at one of the world’s largest investment banks.\nIn a note to investor clients circulated June 11 and obtained by CoinDesk, JPMorgan Chase & Co. analysts described how bitcoin has shifted from a fairlyuncorrelatedasset to one whose price more closely tracks traditional stocks.\n“Though correlations were modest and mostly mean-reverting around zero for much of the past couple of years, in recent months they have moved sharply higher in some cases (equities) and lower in others (U.S. dollar, gold),” wrote the team of strategists led by Joshua Younger.\nThe analysts, who normally cover bonds, noted bitcoin’s success in outperforming traditional assets in March on a volatility-adjusted basis. The report also found that liquidity on major bitcoin exchanges was, surprisingly, more resilient than for traditional assets such as equities, gold, U.S. Treasury bonds and foreign exchange.\nThe results of their analysis “suggest that bitcoin saw among the most severe drops in liquidity around the peak of the crisis in March, but that disruption was cured much faster than other asset classes,” the researchers wrote. “At this point, bitcoinmarket depthis above its 1-year trailing average, while liquidity in more traditional asset classes has yet to recover.”\nStablecoins, whose values are generally pegged to government currencies, got a brief mention and were described as relatively “unscathed” by the March turbulence.\nFrom March 2-23, the S&P 500 plunged 29% as investors looked to cash out amid increasing concerns about the coronavirus.\nRelated:JPMorgan Analysts: Bitcoin Is Likely to Survive (as a Speculative Asset)\nThe JPMorgan analysts reckoned that cryptocurrencies successfully passed their first stress test during this period despite volatile price action. During the March panic, crypto valuations did not diverge all that much from their intrinsic values, showing little flight to liquidity within the asset class, the analysts wrote.\nWhile themarket structurefor crypto during this period was more resilient than its traditional counterparts, according to the report, bitcoin did not quite live up to its reputation in some corners as a port in a storm.\n“There is little evidence that bitcoin and others served as a safe haven (i.e., ‘digital gold’)—rather, its value appears to have been highly correlated with risky assets like equities,” the report concluded. “This all likely points to the continued survival of the asset class, but likely still more as a vehicle for speculation than as a medium of exchange or store of value.”\nWhile that may sound like faint praise, the analysts’ assessment differs sharply from past comments by JPMorgan’s chairman and CEO,Jamie Dimon, who dismissed bitcoin as a “fraud” around the height of the 2017 bull market. During the subsequent “crypto winter,” financial services giants such asFidelityandICEbegan laying the groundwork for potentialinstitutional investmentin the asset class.\nJPMorgan Chase has beenexperimentingwithblockchain technologysince 2016, and it recently began banking two of the largest U.S. crypto exchanges, the megabank’sfirst clients in the sector.\nSee also:Crypto Long & Short: Cryptocurrency Markets May Be Decentralized, but They’re Still Accountable\nUPDATE (June 15, 11:45 UTC):Added background about JPMorgan.\n• Bootstrapping Mobile Mesh Networks With Bitcoin Lightning\n• How the Porn Industry Changed During Coronavirus, With Performers Wary of Bitcoin', 'Bitcoin proved itself a resilient asset, if not a stable or useful currency, during March’s global financial meltdown, according to analysts at one of the world’s largest investment banks. In a note to investor clients circulated June 11 and obtained by CoinDesk, JPMorgan Chase & Co. analysts described how bitcoin has shifted from a fairly uncorrelated asset to one whose price more closely tracks traditional stocks. “Though correlations were modest and mostly mean-reverting around zero for much of the past couple of years, in recent months they have moved sharply higher in some cases (equities) and lower in others (U.S. dollar, gold),” wrote the team of strategists led by Joshua Younger. The analysts, who normally cover bonds, noted bitcoin’s success in outperforming traditional assets in March on a volatility-adjusted basis. The report also found that liquidity on major bitcoin exchanges was, surprisingly, more resilient than for traditional assets such as equities, gold, U.S. Treasury bonds and foreign exchange. The results of their analysis “suggest that bitcoin saw among the most severe drops in liquidity around the peak of the crisis in March, but that disruption was cured much faster than other asset classes,” the researchers wrote. “At this point, bitcoin market depth is above its 1-year trailing average, while liquidity in more traditional asset classes has yet to recover.” Stablecoins, whose values are generally pegged to government currencies, got a brief mention and were described as relatively “unscathed” by the March turbulence. From March 2-23, the S&P 500 plunged 29% as investors looked to cash out amid increasing concerns about the coronavirus. Related: JPMorgan Analysts: Bitcoin Is Likely to Survive (as a Speculative Asset) The JPMorgan analysts reckoned that cryptocurrencies successfully passed their first stress test during this period despite volatile price action. During the March panic, crypto valuations did not diverge all that much from their intrinsic values, showing little flight to liquidity within the asset class, the analysts wrote. While the market structure for crypto during this period was more resilient than its traditional counterparts, according to the report, bitcoin did not quite live up to its reputation in some corners as a port in a storm. “There is little evidence that bitcoin and others served as a safe haven (i.e., ‘digital gold’)—rather, its value appears to have been highly correlated with risky assets like equities,” the report concluded. “This all likely points to the continued survival of the asset class, but likely still more as a vehicle for speculation than as a medium of exchange or store of value.” Story continues While that may sound like faint praise, the analysts’ assessment differs sharply **Last 60 Days of Bitcoin's Closing Prices:** [7116.80, 7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85, 9771.49, 9795.70, 9870.09, 9321.78, 9480.84, 9475.28, 9386.79] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-06-15 **Financial & Commodity Data:** - Gold Closing Price: $1720.30 - Crude Oil Closing Price: $37.12 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $173,525,649,688 - Hash Rate: 94204171.7658051 - Transaction Count: 294468.0 - Unique Addresses: 606713.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.37 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: The Grayscale Bitcoin Trust (OTC: GBTC ) was down more than 10% after bitcoin underwent a landmark event known as a “halving.” At 3:23 p.m. Eastern on Monday, bitcoin cut in half the amount of bitcoins that are rewarded to cryptocurrency miners. These halving events are scheduled to take place roughly every four years as a way to guard against inflation. The total number of bitcoins that will ever be available is 21 million, but the rewards bitcoin miners receive for their efforts will repeatedly halve over the years as the world’s supply approaches that cap. Monday’s halving is the third such event in bitcoin’s history. Cryptocurrency Market Reaction Previous halvings have resulted in mixed subsequent trading action in bitcoin. Bitcoin prices were up 7% in the month following the first halving in 2012, but down 10% in the month following the second halving in 2016. Bitcoin has had a big year so far in 2020. The price of bitcoin is up 23.1% so far this year to near $9,000. While it’s unclear what kind of impact the halving will have on bitcoin prices, it will certainly make life more difficult for bitcoin miners given that it will cut their earnings power in half. Bitcoin miners use specialized high-power computing rigs to solve complex math problems that are used to validate bitcoin transactions. The first miner to solve those problems gets paid in bitcoins. The payment dropped Monday from 12.5 BTC to 6.25 BTC. Bitcoin Wallet Growth On The Rise DataTrek Research co-founder Nicholas Colas recently observed that the 2.3% bitcoin wallet growth in April was the highest growth in more than six months. Colas said there are two potential explanations for the rise in wallet growth and the spike in Google search volume related to bitcoin in mid-March. “Either ... people are getting excited about bitcoin’s ‘halving,’ when its algorithm starts reducing new issuance by half ... or ... as with our recent observation about bored, lock-downed gamblers and sport betters drifting off to day trade stocks, some percentage have also found their way into crypto currencies,” he said. Story continues Despite bitcoin bulls’ claims that bitcoin is a flight-to-safety investment, bitcoin prices plummeted 30% from Feb. 23 to March 23, the period in which the S&P 500 dropped 32.9%. The Grayscale Bitcoin Trust was down 10.13% at $10.29 at the time of publication Monday. Bitcoin was trading down slightly at $8,680.42. Benzinga’s Take Bitcoin will remain an extremely volatile, extremely high-risk investment even after the halving. Bitcoin has been a huge long-term winner for investors up to this point, but skeptics like Warren Buffett have repeatedly pointed out that cryptocurrencies like bitcoin don’t produce anything and have no intrinsic value. Do you agree with this take? Email [email protected] with your thoughts. Related Links: Bitcoin Is Still Failing As A Flight To Safety Investment Boredom Is The Enemy? A Look At Bitcoin Since Peaking At ,000 Latest Ratings for GBTC Feb 2018 Buckingham Initiates Coverage On Sell Jul 2015 Wedbush Initiates Coverage on Outperform View More Analyst Ratings for GBTC View the Latest Analyst Ratings See more from Benzinga Boyd Gaming Vs. Penn National: Which Stock Is The Better Casino Rebound Trade? Here's How Much Investing ,000 In Inovio Stock Back In 2010 Would Be Worth Today Biotech Stock Rally Is Crushing Short Sellers © 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.... - Reddit Posts (Sample): [['u/whatthegeorge', 'With a show of hands, who all is buying BTC right now', 122, '2020-06-15 04:44', 'https://www.reddit.com/r/Bitcoin/comments/h97gnp/with_a_show_of_hands_who_all_is_buying_btc_right/', 'Anytime it’s below 9,400 these days I dive in head first', 'https://www.reddit.com/r/Bitcoin/comments/h97gnp/with_a_show_of_hands_who_all_is_buying_btc_right/', 'h97gnp', [['u/1fastdak', 52, '2020-06-15 06:22', 'https://www.reddit.com/r/Bitcoin/comments/h97gnp/with_a_show_of_hands_who_all_is_buying_btc_right/fuvbqpb/', 'I dont really buy until it is a real dip. Some people consider this a dip but I find 8% to be a joke in Crypto. Once I buy though its held... Like out of my cold dead hands type of held.', 'h97gnp'], ['u/[deleted]', 30, '2020-06-15 07:17', 'https://www.reddit.com/r/Bitcoin/comments/h97gnp/with_a_show_of_hands_who_all_is_buying_btc_right/fuvg642/', 'I will continue to buy BTC until I no longer need to.', 'h97gnp'], ['u/AxeYouAQuestion', 10, '2020-06-15 07:36', 'https://www.reddit.com/r/Bitcoin/comments/h97gnp/with_a_show_of_hands_who_all_is_buying_btc_right/fuvhn6m/', "DCA until it's for some reason not smart anymore. $9100 right now seems great, but my buys at the beginning of May (and before then) are even better.", 'h97gnp'], ['u/DownvoteCakeDayWishr', 13, '2020-06-15 08:33', 'https://www.reddit.com/r/Bitcoin/comments/h97gnp/with_a_show_of_hands_who_all_is_buying_btc_right/fuvlsg9/', 'I got a big position on Coinbase proat @$10/BTC. Hoping Coinbase flash crash and clear the order book. Lol', 'h97gnp'], ['u/2Nails', 16, '2020-06-15 08:53', 'https://www.reddit.com/r/Bitcoin/comments/h97gnp/with_a_show_of_hands_who_all_is_buying_btc_right/fuvn6kh/', 'I still need to buy some more to get to 1BTC.\nThe cheaper the better, but anything below 10k sounds good.', 'h97gnp'], ['u/Lysa665', 13, '2020-06-15 11:50', 'https://www.reddit.com/r/Bitcoin/comments/h97gnp/with_a_show_of_hands_who_all_is_buying_btc_right/fuvy5wh/', 'Bitcoin is risky for your salad hands only.', 'h97gnp']]]]... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9538.02, 9480.25, 9411.84, 9288.02, 9332.34, 9303.63, 9648.72, 9629.66, 9313.61, 9264.81
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:** ['United Airlines Secures $5 Billion Loan to Shore Up $17 Billion Liquidity Chestited Airlines Holdings Inc ( UAL ) said it has secured $5 billion in financing from its MileagePlus loyalty program. The financing is part of a plan to shore up $17 billion in available liquidity by the third quarter as the U.S. airline tries to navigate through the most severe “financial crisis in the history of aviation”. The loan facility is expected to close by the end of July. In addition, United is looking to receive $4.5 billion through the U.S. Coronavirus Aid, Relief, and Economic Security Act (CARES Act) loan program. In a separate filing, the air carrier announced plans to sell as much as 28 million shares of its common stock. In the third quarter, United expects to reduce its average cash burn to about $30 million per day from about $40 million per day in the second quarter, as it continues to see a steady improvement in demand for domestic U.S. and certain international destinations. Furthermore, customer cancellation rates have dropped 70% since the high rates experienced in April. June ticketed passenger revenue is expected to be up close to 400% versus April. Net bookings for the rest of the second quarter and the third quarter have remained positive since the end of May, the airline said. Looking to July, United expects passenger revenue to be up between 50% and 100% versus its June 2020 passenger revenue estimate. Meanwhile, cargo revenues, which have been a significant driver of revenue and cash flow, are estimated to be up over 30% in the second quarter year-on-year. Overall, total revenues are now expected to be down 88% in the second quarter versus the same period last year. Shares in United Airlines dropped 1.7% to $39 at the close on Monday. The stock has surged 62% over the past month, fueled by a broad stock market rally amid early signs of a gradual relaxation of some of the coronavirus-related lockdown restrictions. However, year-to-date it is still down 57%. Story continues The sharp rally prompted Credit Suisse analyst Jose Caiado last week to lower the carrier’s rating to Hold from Buy with a $41 price target. “UAL briefly overshot our target price following the recent sector rally, and while it has since settled in just below our TP (~15% upside), we still take this opportunity to step to the sidelines,” Caiado wrote in a note to investors. “We believe the recent rally off the bottom is an opportunity for investors to prudently reduce their exposure to the network carriers.” For now, it looks like Wall Street analysts are divided on the airline’s stock. The Moderate Buy analyst consensus breaks down into 4 Buys versus 4 Holds and 1 Sell. The $40.71 average price target is in line with Caiado’s forecast, which puts the upside potential at a conservative 4.4% in the coming 12 months. ( See United Airlines stock analysis on TipRanks ). Related News: Global Airlines Are Set To Lose $84.3 Billion In 2020, IATA Says Boeing’s Aircraft Deliveries Drop In May As Cancellations Rise Airbus Gets No New Aircraft Orders In May Amid Aviation Crisis More recent articles from Smarter Analyst: Is Bitcoin Coming to PayPal? 5-Star Analyst Weighs In Evoke Pharma Set to Gain 170%? This 5-Star Analyst Thinks So Delta Air Lines (DAL): Big Improvements Still Ahead Keysight Buys Eggplant From Carlyle In $330 Million Deal', 'United Airlines Secures $5 Billion Loan to Shore Up $17 Billion Liquidity Chestited Airlines Holdings Inc (UAL) said it has secured $5 billion in financing from its MileagePlus loyalty program.\nThe financing is part of a plan to shore up $17 billion in available liquidity by the third quarter as the U.S. airline tries to navigate through the most severe “financial crisis in the history of aviation”. The loan facility is expected to close by the end of July.\nIn addition, United is looking to receive $4.5 billion through the U.S. Coronavirus Aid, Relief, and Economic Security Act (CARES Act) loan program. In a separate filing, the air carrier announced plans to sell as much as 28 million shares of its common stock.\nIn the third quarter, United expects to reduce its average cash burn to about $30 million per day from about $40 million per day in the second quarter, as it continues to see a steady improvement in demand for domestic U.S. and certain international destinations.\nFurthermore, customer cancellation rates have dropped 70% since the high rates experienced in April. June ticketed passenger revenue is expected to be up close to 400% versus April. Net bookings for the rest of the second quarter and the third quarter have remained positive since the end of May, the airline said.\nLooking to July, United expects passenger revenue to be up between 50% and 100% versus its June 2020 passenger revenue estimate.\nMeanwhile, cargo revenues, which have been a significant driver of revenue and cash flow, are estimated to be up over 30% in the second quarter year-on-year. Overall, total revenues are now expected to be down 88% in the second quarter versus the same period last year.\nShares in United Airlines dropped 1.7% to $39 at the close on Monday. The stock has surged 62% over the past month, fueled by a broad stock market rally amid early signs of a gradual relaxation of some of the coronavirus-related lockdown restrictions. However, year-to-date it is still down 57%.\nThe sharp rally prompted Credit Suisse analystJose Caiadolast week to lower the carrier’s rating to Hold from Buy with a $41 price target.\n“UAL briefly overshot our target price following the recent sector rally, and while it has since settled in just below our TP (~15% upside), we still take this opportunity to step to the sidelines,” Caiado wrote in a note to investors. “We believe the recent rally off the bottom is an opportunity for investors to prudently reduce their exposure to the network carriers.”\nFor now, it looks like Wall Street analysts are divided on the airline’s stock. The Moderate Buy analyst consensus breaks down into 4 Buys versus 4 Holds and 1 Sell. The $40.71 averageprice targetis in line with Caiado’s forecast, which puts the upside potential at a conservative 4.4% in the coming 12 months. (See United Airlines stock analysis on TipRanks).\nRelated News:Global Airlines Are Set To Lose $84.3 Billion In 2020, IATA SaysBoeing’s Aircraft Deliveries Drop In May As Cancellations RiseAirbus Gets No New Aircraft Orders In May Amid Aviation Crisis\n• Is Bitcoin Coming to PayPal? 5-Star Analyst Weighs In\n• Evoke Pharma Set to Gain 170%? This 5-Star Analyst Thinks So\n• Delta Air Lines (DAL): Big Improvements Still Ahead\n• Keysight Buys Eggplant From Carlyle In $330 Million Deal', 'Shares of Canaan Creative, one of the few publicly traded crypto miner manufacturers, plummeted below $2, their lowest after going public in November. The Nasdaq-listed stock has been steadily falling since the bitcoin halving on May 11, according to data from Yahoo Finance. It closed at $1.98 at the end of the trading session Monday, down 3.9%. The China-based crypto miner maker is trying to make a comeback after the halving damped demand for its machines and logistics disruptions caused by coronavirus hurt first-quarter sales. Demand for crypto mining machines from some Chinese miners may have begun to soften a few months before the halving in May, Aries Wang, co-founder of crypto exchange Bibox, said. As early as last July, “Some of the earliest Chinese miners started to raise funding from institutional investors and buy new models and phase out old machines so that they would be prepared for the halving,” said Wang, whose company has invested in crypto mining businesses. “Many had already completed the update on infrastructure such as mining sites and miners before the end of February.” Canaan tried to spur sales earlier this year by cutting prices in half, compared with 2019 average prices. However, it still suffered a $5.6 million net loss for the period, according to the latest quarterly report . First-quarter sales were also affected by the coronavirus outbreak in China, according to the report. Logistics in mainland China had stopped around the Chinese new year on Feb 10. The firm couldn’t deliver machines to customers even as demand surged due to a price rally in bitcoin, Nangeng Zhang, CEO and chairman of Canaan, said on its first-quarter earnings call. Related: Bitcoin Miner Maker Canaan’s Stock Hits Record Low 1 Month After Halving The firm enjoyed a rebound in April after China declared it had contained the spread of coronavirus and the logistics issues subsided. The stock reached $5.99 per share on May 13, two days after the halving, and has tumbled since then. Story continues The halving, a preprogrammed event that cuts mining revenue by half every four years, previously had been considered bullish for miner makers. The Chinese crypto miner manufacturer’s Nov. 20 initial public offering (IPO) priced the stock at $9 per share, but a month afterward the shares were down by half. It was briefly back above $8 on Feb. 12 after a surge of more than 80% from $4.40 from the previous day. The price started to fall again as China rolled out coronavirus quarantine measures. Canaan’s cash and cash equivalents on hand decreased by 48% in the first quarter, from $71 million as of the end of last year. The firm said the drop was partly due to $24.5 million in short-term investments including its partnership with Semiconductor Manufacturing International Corporation (SMIC), one of the largest computer chip makers from mainland China. Related Stories Market Wrap: Bitcoin Can’t Stick to $9,000 While Stocks Rally Canaan Reports $5.6M Loss in Q1 Despite Bitcoin Miner Price Cut', 'Shares of Canaan Creative, one of the few publicly traded crypto miner manufacturers, plummeted below $2, their lowest after going public in November.\nThe Nasdaq-listed stock has been steadily falling since the bitcoin halving on May 11, according todatafrom Yahoo Finance. I **Last 60 Days of Bitcoin's Closing Prices:** [7096.18, 7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85, 9771.49, 9795.70, 9870.09, 9321.78, 9480.84, 9475.28, 9386.79, 9450.70] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-06-16 **Financial & Commodity Data:** - Gold Closing Price: $1729.60 - Crude Oil Closing Price: $38.38 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $174,559,583,819 - Hash Rate: 106374812.691088 - Transaction Count: 340517.0 - Unique Addresses: 683561.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.39 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Private investment firm Arctos Capital has acquired $1 million in assets from Blockware Mining LLC, but will lease them back to the company so it can continue operating as usual. Arctos Capital, the general partner of the Arctos Capital Cryptoasset Credit Fund, is a commercial lender that provides financing for mining businesses and investors, according to a press release . Arctos will lease the lastest generation of Bitmain Antminer hardware to Blockware as well as allowing the company to continue its mining and hosting operations. Blockware intends to use the funds to expand its operations and equipment. A leaseback transaction allows for businesses to sell an asset and lease to another company or individual in the long-term after a completed sale. Related: China’s Rainy Season Is Coming. This Time Bitcoin Miners Aren’t Investing Blockware Mining, a subsidiary of Blockware Solutions, is a bitcoin mining facility located in the U.S. that offers turnkey solutions for external miners looking to profit off cryptocurrency mining operations. Their aim is to bring greater hashing power to the U.S. in order to further decentralize the Bitcoin network. See also: Canaan’s Post-IPO Stock Plunge Reveals Sales Slump, Price War With Bitmain “We are excited to announce the closing of this sale and leaseback transaction, which we believe to be one of the first, if not the first, transaction of its kind in the U.S.,” said Trevor Smyth, managing partner at Arctos Capital in a statement. “Equipment leasing structures will offer Bitcoin Mining Companies an efficient, lower risk method to free up working capital and expand their revenues,” Smyth added. Related: Negative Oil Prices Could Hurt Bitcoin Miners Who Use Flared Gas A Sale and Leaseback transaction, funded by Arctos Capital, is secured by the latest generation of Bitmain Antminer hardware and will allow Blockware Mining to continue expanding its’ mining & hosting operations. Related Stories In Canada They’re ‘Essential,’ In Argentina They’re Shut Down: Bitcoin Miners Reckon With COVID-19 Bitcoin Mining Hardware War Is Heating Up Ahead of the Halving... - 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.
9480.25, 9411.84, 9288.02, 9332.34, 9303.63, 9648.72, 9629.66, 9313.61, 9264.81, 9162.92
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Bitcoin rose by 1.05% on Tuesday. Following on from a 0.98% gain on Monday, Bitcoin ended the day at $9,534.4. A mixed start to the day saw Bitcoin fall to an early morning intraday low $9,388.0 before making a move. Steering clear of the first major support level at $9,056.3, Bitcoin rose to an early afternoon intraday high $9,590.0. Falling short of the first major resistance level at $9,672.3, Bitcoin fell back to sub-$9,400 levels and into the red. Finding late support, however, Bitcoin broke back through to $9,500 levels to wrap up the day in the green. The near-term bullish trend remained intact in spite of last week’s sell-off, with Bitcoin holding well above the 23.6% FIB of $8,900. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Tuesday. Ripple’s XRP and Tezos fell by 0.08% and by 0.55% respectively to buck the trend on the day. It was a bullish day for the rest of the majors, however. Bitcoin Cash SV (+2.11%), Ethereum (+1.90%), and Monero’s XMR (+2.07%) led the way. Binance Coin (+0.24%), Bitcoin Cash ABC (+0.67%), Cardano’s ADA (+1.12%), EOS (+0.83%), Litecoin (+0.23%), Stellar’s Lumen (+1.24%), and Tron’s TRX (+0.06%) also saw green. Through the start of the week, the crypto total market cap fell to a Monday low $246.94bn before rising to a Tuesday high $266.36bn. At the time of writing, the total market cap stood at $262.96bn. Bitcoin’s dominance rose from a current week low 66.13% to a Monday high 66.60%. At the time of writing, Bitcoin’s dominance stood at 66.16%. This Morning At the time of writing, Bitcoin was down by 0.82% to $9,455.9. A bearish start to the day saw Bitcoin fall from an early morning high $9,540.8 to a low $9,454.1. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was also a bearish start to the day. At the time of writing, Cardano’s ADA was down by 2.01% to lead the way down. Story continues For the Bitcoin Day Ahead Bitcoin would need to move back through to $9,500 levels to bring the first major resistance level at $9,620.27 into play. Support from the broader market would be needed, however, for Bitcoin to break out from Tuesday’s high $9,590.0. Barring a broad-based crypto rally, the first major resistance level and Tuesday’s high would likely cap any upside. In the event of a crypto breakout, Bitcoin could eye $9,700 levels and the second major resistance level at $9,706.13. Failure to move back through the $9,500 pivot level could see Bitcoin reverse Tuesday’s gain. A fall back through the morning low $9,454.1 would bring the first major support level at $9,418.27. into play. Barring another extended crypto sell-off, however, Bitcoin should steer clear of the second major support level at $9,302.13. This article was originally posted on FX Empire More From FXEMPIRE: GBP/USD Daily Forecast – British Pound Failed To Develop Upside Momentum European Equities: A Quiet Economic Calendar May Test the Majors EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – June 17th, 2020 The Crypto Daily – Movers and Shakers – June 17th, 2020 Silver Price Forecast – Silver Markets Break Top of a Hammer Oracle revenue hit by coronavirus outbreak, misses fiscal Q4 estimates', 'Bitcoin rose by 1.05% on Tuesday. Following on from a 0.98% gain on Monday, Bitcoin ended the day at $9,534.4.\nA mixed start to the day saw Bitcoin fall to an early morning intraday low $9,388.0 before making a move.\nSteering clear of the first major support level at $9,056.3, Bitcoin rose to an early afternoon intraday high $9,590.0.\nFalling short of the first major resistance level at $9,672.3, Bitcoin fell back to sub-$9,400 levels and into the red.\nFinding late support, however, Bitcoin broke back through to $9,500 levels to wrap up the day in the green.\nThe near-term bullish trend remained intact in spite of last week’s sell-off, with Bitcoin holding well above the 23.6% FIB of $8,900.\nFor the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Tuesday.\nRipple’s XRP and Tezos fell by 0.08% and by 0.55% respectively to buck the trend on the day.\nIt was a bullish day for the rest of the majors, however.\nBitcoin Cash SV (+2.11%), Ethereum (+1.90%), and Monero’s XMR (+2.07%) led the way.\nBinance Coin (+0.24%), Bitcoin Cash ABC (+0.67%), Cardano’s ADA (+1.12%), EOS (+0.83%), Litecoin (+0.23%), Stellar’s Lumen (+1.24%), and Tron’s TRX (+0.06%) also saw green.\nThrough the start of the week, the crypto total market cap fell to a Monday low $246.94bn before rising to a Tuesday high $266.36bn. At the time of writing, the total market cap stood at $262.96bn.\nBitcoin’s dominance rose from a current week low 66.13% to a Monday high 66.60%. At the time of writing, Bitcoin’s dominance stood at 66.16%.\nAt the time of writing, Bitcoin was down by 0.82% to $9,455.9. A bearish start to the day saw Bitcoin fall from an early morning high $9,540.8 to a low $9,454.1.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was also a bearish start to the day. At the time of writing, Cardano’s ADA was down by 2.01% to lead the way down.\nBitcoin would need to move back through to $9,500 levels to bring the first major resistance level at $9,620.27 into play.\nSupport from the broader market would be needed, however, for Bitcoin to break out from Tuesday’s high $9,590.0.\nBarring a broad-based crypto rally, the first major resistance level and Tuesday’s high would likely cap any upside.\nIn the event of a crypto breakout, Bitcoin could eye $9,700 levels and the second major resistance level at $9,706.13.\nFailure to move back through the $9,500 pivot level could see Bitcoin reverse Tuesday’s gain.\nA fall back through the morning low $9,454.1 would bring the first major support level at $9,418.27. into play.\nBarring another extended crypto sell-off, however, Bitcoin should steer clear of the second major support level at $9,302.13.\nThisarticlewas originally posted on FX Empire\n• GBP/USD Daily Forecast – British Pound Failed To Develop Upside Momentum\n• European Equities: A Quiet Economic Calendar May Test the Majors\n• EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – June 17th, 2020\n• The Crypto Daily – Movers and Shakers – June 17th, 2020\n• Silver Price Forecast – Silver Markets Break Top of a Hammer\n• Oracle revenue hit by coronavirus outbreak, misses fiscal Q4 estimates', 'Former Bitcoin Core developer Peter Todd has settled his defamation lawsuit against fellow privacy-tech expert Isis Lovecruft, whotweetedin February 2019 that Todd was a “rapist.”\nLovecruft, who uses nonbinary pronouns,claimedin2019that Todd sexually harassed them and grabbed their arm, which he denied. After he sued Lovecruft for defamation, two anonymous women detailed accounts of sexual assault by Todd in court filings. On July 15, 2019, Lovecruft filed ananti-SLAPPmotion, asking the court to dismiss Todd’s lawsuit as an attempt to curtail free speech.\nOn Tuesday, without deleting the original tweet, Lovecruft alsotweeted, “Peter Todd never raped or sexually assaulted me.” Lovecruft’sGoFundMe pagesays this tweet was required as part of the settlement. Todd citedhefty legal feesas his primary reason for settling the case, which he initially filed in the U.S. District Court for the Northern District of California in Oakland, inApril 2019.\n“I settled because I ran out of money. I’d rather have kept the case. But the really important thing was to turn vague allegations – which were surprisingly harmful – into something I could actually respond to,” Todd told CoinDesk. “Isis has been making vague claims.”\nLovecruft usedGoFundMeto crowdsource roughly $35,800 for legal fees. They also accepted cryptocurrency donations, includingbitcoin, monero and several others.\xa0Lovecruft’scrowdfunding pageoffers an ambiguous statement:\n“The basic terms of the settlement are: Todd agreed to dismiss his lawsuit against Lovecruft, and walk away without any financial recovery, in exchange for a statement by Lovecruft clarifying that they do not assert (as they have never asserted) that Todd raped or sexually assaulted them personally.”\nThis would relate to the claim of arm-grabbing, not the sexual assault allegations by the two anonymous accusers, both identified in court papers as “Jane Doe.” In a statement to CoinDesk, Todd said Lovecruft and one male witness had a conflict of interest because both were involved in the Zcash project, which Todd often criticizes.\nRelated:Ex-Bitcoin Dev Settles Defamation Suit Over Sex Assault Claims\nThe two Jane Does made filingsin the casein support of Lovecruft. One claimed she was assaulted by Todd, the other alleged he raped her. Todd denied both charges and contended that neither woman was “involved in any Bitcoin projects,” which he argued undermined the credibility of their accounts. Both Jane Does, ininterviews with CoinDesk, said they used to participate in the broader Bitcoin community but stopped after the alleged incidents.\nIn previous communications with CoinDesk, both alleged victims indicated they wanted to move on with their lives and did not seek to press charges or otherwise publicly discuss the accusations. This legal conflict was entirely between Lovecruft andTodd, the latter of whom claimed the settlement represents avictory. Yet Lovecruft hasn’t deleted the original tweet, which sparked the lawsuit, and did not respond to requests for comment by press time.\n• Bitcoin Rises to $9.6K as Stocks Cheer Additional US Stimulus Plans\n• First Mover: Negative Rates or More Money Printing – Bitcoin May Benefit Either Way', 'Former Bitcoin Core developer Peter Todd has settled his defamation lawsuit against fellow privacy-tech expert Isis Lovecruft, who tweeted in February 2019 that Todd was a “rapi **Last 60 Days of Bitcoin's Closing Prices:** [7257.67, 7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85, 9771.49, 9795.70, 9870.09, 9321.78, 9480.84, 9475.28, 9386.79, 9450.70, 9538.02] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-06-17 **Financial & Commodity Data:** - Gold Closing Price: $1729.20 - Crude Oil Closing Price: $37.96 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $174,559,583,819 - Hash Rate: 108283617.573483 - Transaction Count: 333547.0 - Unique Addresses: 669086.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.38 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: The CoinDesk 50 Congratulations to the inaugural CoinDesk 50. This new list features the most important, innovative and viable projects in the crypto and blockchain industry. In just 11 years, cryptocurrency and its underlying technology has made serious in-roads, promising to reinvent how the world transacts, how the internet will function and how to more equitably distribute resources. CoinDesk has been covering this varied space for seven intense years. Today, we’re honored to present the first 10 protocols, companies and projects we believe have or will have the greatest impact, not only on the industry, but the world at large. This includes billion-dollar corporations like Binance and Coinbase, but also aspirational projects like Cosmos. We will be releasing the full CoinDesk 50 leading up to, and during, Consensus:Distributed, our free virtual event that starts May 11. (See how we made the choices .) Your Guide to Consensus: Distributed Speaking of Consensus, Blockchain Bites will be your guide as the crypto industry’s largest and most ambitious conference goes distributed. For the five days of Consensus: Distributed, your trusted source of daily crypto updates will double its output. Beginning May 11, Blockchain Bites: Consensus Edition will hit your inbox by 7:30 a.m. ET and then reappear at 5.30 p.m. ET, providing an agenda settings schedule as well as recap of the daily happenings. Every morning edition will feature a special guest appearance from CoinDesk journalists, who will highlight the panels they’re excited about and reflect on what they’ve learned so far. With 300 speakers, 10,000+ attendees and content streaming 24/7, there will be a lot to talk about. Related: First Mover: Search Interest in Bitcoin’s Halving Reaches Fever Pitch as Price Hits $10K For starters, there will be a keynote address by influential economist Carlota Perez , performances from Akon, Haley Smalls, and Skip Marley as well as interactive workshops where you can get your hands on some cryptocurrency. You can also take a walk through Decentraland and tune into CoinDesk TV , a round-the-clock live programming event streaming on CoinDesk.com, YouTube and Twitter from Monday, May 11, at 8:30 a.m. ET to Tuesday, May 12, at 9 a.m. ET. Story continues We hope to see you online, happy, healthy and ready to get engaged at Consensus: Distributed . Register here. Now to the news: Voting Pilot Democrats in the Ohio House of Representatives have proposed launching a blockchain voting pilot for overseas military voters registered in the state. The bill was introduced Tuesday as part of the Democrats’ elections law overhaul. If passed, it would see military members transmit their ballots to election officials via “encrypted blockchain technology” that “protects the security and integrity of the process and protects the voter’s privacy.” The receiving board of elections would then print out that ballot “for counting purposes.” HSBC to Libra The Libra Association has named HSBC Chief Legal Officer Stuart Levey as its first chief executive. Joining late this summer, Levey will oversee the association’s efforts to “combine technology innovation with a robust compliance and regulatory framework.” He has been at HSBC since 2012. Related: The Changemaker: Glen Weyl Puts His Radical Ideas Into Action Cash App: Revenues and Profits Cash App saw first quarter revenues from bitcoin of $306 million, a quarterly high for the firm, surpassing all other revenue streams. Profits on its Bitcoin business, however, are minimal at $7 million in Q1, and $8 million through the whole of 2019. Enter New York Eris Clearing, the clearing and settlement arm of ErisX, has been awarded a Virtual Currency License from New York’s Department of Financial Services. Colloquially known as a “BitLicense,” having received one, the company is licensed to operate in the state. Enter Europe TokenSoft is bringing its security token issuance platform to Europe through a Switzerland-based counterpart, TokenSoft International AG. The regulated STO platform announced Wednesday that it struck a licensing deal with its eponymous European partner, who now has exclusive continental distribution rights for TokenSoft’s tokenization software. Noding Off Despite recent surges in price and mining power, Bitcoin’s total node count fell below 47,000 on Monday, a three-year low, according to developer Luke Dashjr. This trend is confirmed by Bitnodes’s data, which also a spike in nodes using onion services that may make node operators more difficult to locate. Peaking at over 200,000 in January 2018, node operators validate new transactions and store copies of the network’s shared transaction history. New Messaging There is a new messaging standard designed to help cryptocurrency firms comply with anti-money laundering regulations from the Financial Action Task Force (FATF). The standard, called IVMS101, defines a uniform model for data that must be exchanged by virtual asset service providers alongside cryptocurrency transactions. The standard will identify the pseudonymous senders and receivers of crypto payments, with such information “traveling” with each transaction. Polkadot Designs a Launch Plan The Polkadot network is “very near launch,” founder Gavin Wood said. Guided by the Web3 Foundation and Parity Technologies, Polkadot, an interoperable blockchain that will allow transactions across multiple chains, will roll out through five or six phases. Icy Goodbye? Former Bakkt CEO Kelly Loeffler reportedly received $9 million worth of stock and other awards from parent company Intercontinental Exchange (ICE) when she was appointed to the U.S. Senate from Georgia. Abra $5K-dabra The Stellar Development Foundation is pumping $5 million into Abra, a crypto financial services app. The foundation’s largest enterprise investment yet precedes Abra’s integration with the Stellar blockchain. Mining Map Researchers at Cambridge University’s business school have created a Bitcoin Mining Map to visualize global hashrate data by country, and more granular data for Chinese provinces. The map shows China provides 65% of Bitcoin’s total mining hashrate, while the U.S. and Russia lag behind at 7%. Monsoon Coming? One of Asia’s largest crypto exchanges by trade volume, OSL, has teamed with enterprise startup Monsoon Blockchain. The partnership may allow for an eventual US expansion. Private Cosmos The nonprofit Zcash Foundation is building a way to bring the privacy coin Zcash onto the interoperable Cosmos ecosystem. ( Decrypt ) Zcash Report Zooko Wilcox hired the Rand Corporation to suss out whether the privacy crypto zcash he shepherds is really the darkweb’s go-to currency. The report says it isn’t, bitcoin is. But there is room for skepticism. Europol and Chainalysis have previously released reports showing Zcash gaining in popularity among criminal elements. You can read the report here , and about the debate here . Ethereal Goes Virtual The Ethereal Summit, a free virtual conference, has kicked off today. One hundred speakers will stream over the course of two days. Watch here. CoinDesk Live: Lockdown Edition CoinDesk Live: Lockdown Edition continues its popular twice-weekly virtual chats via Zoom and Twitter, giving you a preview of what’s to come at Consensus: Distributed, our first fully virtual – and fully free – big-tent conference May 11-15. Register to join our seventh and final session Thursday, May 7, with speaker Felipe Duarte from DAOCanvas to show you how to roll your own DAO, hosted by Consensus organizer Bailey Reutzel. Zoom participants can ask questions directly to our guests. Market Intel It’s Bitcoin, Not You Bitcoin looks to have decoupled from traditional markets as investors refocus on the network’s imminent mining reward halving. Bitcoin gained nearly 5.9% so far this month, while gold has declined by 1% and the S&P 500 is down 2.2%, on a month-to-date basis, as of Wednesday. Halving Soon Bitcoin’s halving is now predicted to come hours sooner. The cryptocurrency’s price rally above $9,000 has caused some miners to switch to more efficient mining machines, thereby accelerating the speed at which new blocks of data are confirmed and pushing up the time of the anticipated halving event. Read the full First Mover newsletter here. Volatile Estimates Bitcoin’s options market may be underpricing cryptocurrency’s future volatility. Analysts say the data is being distorted by “Black Thursday’s” 40% drop. The spread between bitcoin’s three-month implied volatility (IV), the market’s expectation of how risky or volatile an asset will be in the future, and historical or realized volatility (RV) fell to -47% on Wednesday. CoinDesk Monthly Review: April 2020 CoinDesk Research’s monthly review of crypto markets overviews returns, volatility and correlations of bitcoin, ether and other crypto assets – all in a macro context. Plus, we track growth in stablecoins and look at what past halvings can tell us about the upcoming one. The report is free to download . The Pod Surveying the Carnage NLW examines how real estate, travel and music are faring during the COVID-19 crisis on the latest episode of The Breakdown. Who Won #CryptoTwitter? Related Stories How We’re Raising the Virtual Bar at Consensus: Distributed The CoinDesk 50: Binance Eyes the Whole Pie... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9411.84, 9288.02, 9332.34, 9303.63, 9648.72, 9629.66, 9313.61, 9264.81, 9162.92, 9045.39
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:** ['Binance, the world\x92s largest cryptocurrency exchange by trade volume, has joined the Indian tech industry association that helped overturn the nation\x92s crypto banking ban earlier this year. The cooperation between Binance and the Internet and Mobile Association of India (IAMAI) is an early step in implementing industry best practices in the Indian crypto market, according to a press statement. India\x92s crypto sector has rapidly emerged after the lifting of a de facto ban in March 2020. Binance is now a member of the IAMAI\x92s crypto committee. The IAMAI is a not-for-profit trade body of digital businesses operating within the country. Its role is to \x93expand and enhance the online and mobile value-added services sectors,\x94 according to the body\x92s website . Notably, the IAMAI led the petition that sought to overturn a crypto banking ban imposed by the country\x92s central bank in April 2018. The Supreme Court ruled in favor of the crypto industry in March 2020. Read more: After Court Victory, Indian Exchanges Gear Up for Crypto Trading Surge \x93We warmly welcome Binance as a member of the Crypto Asset Committee of IAMAI,\x94 Gaurav Chopra, vice president of IAMAI, said in a press release. \x93Given their hands-on experience of regulatory compliance in various countries, we are excited to work with Binance and other industry players in developing a constructive policy framework for crypto assets in India, helping other exchanges operate in India compliantly and developing a strong framework to foster innovation while managing potential risks,\x94 Chopra added. Related: Binance Joins Indian Tech Association That Helped Overturn Crypto Banking Ban IAMAI says it intends to work with regulators and policy-makers to build a sustainable policy framework for cryptocurrencies in India. However, the announcement comes just days after rumors that India might be considering a new ban on crypto operations . Story continues Read more: India\x92s Rumored Crypto Ban May Be Overblown, Say Industry Pros \x93Binance is honored and excited to join IAMAI and contribute our part in shaping the Indian blockchain industry for sustainable growth and development,\x94 said Binance CEO Changpeng \x93CZ\x94 Zhao. \x93We hope to further accelerate the progress of blockchain adoption in India and are committed to working with IAMAI on an innovation-led and progressive framework for digital assets and blockchain.\x94 Binance has been busy of late, announcing the launch of its services in the U.K. on Wednesday. Binance\x92s U.K. exchange is expected to go live this summer. Last November, Binance acquired Indian crypto exchange WazirX . Related Stories What the Stock Market\x92s \x91Robinhood Rally\x92 Means for Bitcoin Brave Browser\x92s Affiliate Link Controversy, Explained', 'Binance, the world’s largest cryptocurrency exchange by trade volume, has joined the Indian tech industry association that helped overturn the nation’s crypto banking ban earlier this year.\nThe cooperation between Binance and the Internet and Mobile Association of India (IAMAI) is an early step in implementing industry best practices in the Indian crypto market, according to a press statement. India’s crypto sector has rapidly emerged after thelifting of a de facto banin March 2020. Binance is now a member of the IAMAI’s crypto committee.\nThe IAMAI is a not-for-profit trade body of digital businesses operating within the country. Its role is to “expand and enhance the online and mobile value-added services sectors,” according to the body’swebsite.\nNotably, theIAMAI led the petitionthat sought to overturn a crypto banking ban imposed by the country’s central bank in April 2018. The Supreme Court ruled in favor of the crypto industry in March 2020.\nRead more:After Court Victory, Indian Exchanges Gear Up for Crypto Trading Surge\n“We warmly welcome Binance as a member of the Crypto Asset Committee of IAMAI,” Gaurav Chopra, vice president of IAMAI, said in a press release.\n“Given their hands-on experience of regulatory compliance in various countries, we are excited to work with Binance and other industry players in developing a constructive policy framework for crypto assets in India, helping other exchanges operate in India compliantly and developing a strong framework to foster innovation while managing potential risks,” Chopra added.\nRelated:Binance Joins Indian Tech Association That Helped Overturn Crypto Banking Ban\nIAMAI says it intends to work with regulators and policy-makers to build a sustainable policy framework for cryptocurrencies in India.\nHowever, the announcement comes just days after rumors that India might be considering anew ban on crypto operations.\nRead more:India’s Rumored Crypto Ban May Be Overblown, Say Industry Pros\n“Binance is honored and excited to join IAMAI and contribute our part in shaping the Indian blockchain industry for sustainable growth and development,” said Binance CEO Changpeng “CZ” Zhao. “We hope to further accelerate the progress of blockchain adoption in India and are committed to working with IAMAI on an innovation-led and progressive framework for digital assets and blockchain.”\nBinance has been busy of late, announcing thelaunch of its servicesin the U.K. on Wednesday. Binance’s U.K. exchange is expected to go live this summer.\nLast November, Binance acquired Indian crypto exchangeWazirX.\n• What the Stock Market’s ‘Robinhood Rally’ Means for Bitcoin\n• Brave Browser’s Affiliate Link Controversy, Explained', 'Former national security adviser John Bolton released his new book, in which he claims Trump asked the Chinese for help in his re-election campaign, and this seemingly caused some wobbles in markets – clearly there is going to be some real dirt produced as we head far closer to November and it’s going to get pretty grimy. However, it feels like the world is starting to watch China more intently again after the breakout in the Xinfadi food market, with schools being closed and 1200 flights cancelled. This is also true in the US, with Texas reporting a record 11% level of hospitalisations and new cases in Florida reaching a record. Certainly, if we look at the daily case count across the suite of Republican states there is a worrying trend, where a number of recent surveys show people reluctant to wear masks, which is less the case in the blue states, which show a falling trend in the case count. Trump has an incredible balancing act Trump has made it clear that he is strongly against a second lockdown, and is hell-bent on opening the economies as he needs an economic snapback to use as a pitch for his re-election campaign. US recessions that play out two years before an election are very seldom won by the incumbent, and we can see plenty of case studies to back this case, with Hoover, Ford, Carter, and Bush senior examples. Trump knows he must balance a stronger economy with increased hospitalisation rates. If the voter base get a stronger feel that Trump has no plan to look after their welfare, and is myopically focused on getting the economy firing solely for political gain then he could lose moderates, and that may backfire….so he needs to find the right balance. As I argue in my morning (video) rant, the market had been seeing COVID-19 as old news. Where the focus put squarely on what the Fed and global central banks more broadly have been doing with policy and effecting broad money supply. Economics are improving and beating expectations, and this is playing into the idea that companies may start looking at future cash flow improvements and review its dividend policy. Story continues As we see here, US dividend futures are on the rise, and whilst I question the liquidity in these instruments, we can see expectations of dividends for 2021 (blue) and 2022 (white) are rising and offering backbone to the S&P500 (orange). Credit spreads have also been at the heart of everything – as we see here, it’s all just one big trade. The Fed acts, credit spreads tighten making it ever cheaper for corporates to issue debt, the USD falls, and equities head higher. White- High yield credit index Blue – Investment grade credit index Orange – USD index (DXY) Purple – S&P500 The question then is will COVID-19 wrestle back some market concern and promote greater volatility? I think we must consider economics most intently here. On one hand, with a low risk of a second lockdown then we’re likely to see the case count increase but whether this truly impacts the trajectory of the economic recovery is the point of debate – if consumer behaviour is unaffected despite a further rise in the case count then it may not turn into a vol event at all. Economics are key here . With the Fed buying credit ETFs and select individual investment-grade credit instruments it seems unlikely that we’re going to see a material blow out in spreads, which, if this did play out, and this correlation stayed true, would see the USD rise and global equities lower. One to watch. But, it does feel that there is enough in the COVID-19 headlines to limit traders from putting new money to work on current valuations and this suggests we chop around in the near-term and price action could get messy. Keep an eye on GBP, EUR and AUD exposures Also, on the radar, we have an eye on the BoE meeting today (9 pm aest/12 pm BST) with a focus on increased QE and possible more clues on negative rates. Here is a preview we put together – https://pepperstone.com/en-au/market-analysis/bank-of-england-preview-will-the-pound-go-lower-with-bailey-ready-to-take-action-/ Also, we’re testing some decent levels in EURUSD – one to watch with the ECB due to publish its economic bulletin (18:00aest) and US jobless claims due (22:30aest). We should see solid support of the 1.1230/10 area, but if this gives way then it will incentives further covering of USD shorts. Sign up here for my Daily Fix or Start trading now Chris Weston, Head of Global Research at Pepperstone. **Last 60 Days of Bitcoin's Closing Prices:** [7189.42, 6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85, 9771.49, 9795.70, 9870.09, 9321.78, 9480.84, 9475.28, 9386.79, 9450.70, 9538.02, 9480.25] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-06-18 **Financial & Commodity Data:** - Gold Closing Price: $1724.80 - Crude Oil Closing Price: $38.84 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $174,559,583,819 - Hash Rate: 97298323.0370428 - Transaction Count: 283897.0 - Unique Addresses: 582343.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.40 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Crypto derivatives exchange BitMEX's parent company has unveiled a new developer grant program aimed at building on its previous efforts to provide financial support to those working on open-source projects. As previously reported, HDR Global Trading Limited awarded a $100,000 grant to Bitcoin Core developer Michael Ford in late March, which built on a previous grant. In an announcement post, HDR detailed the contours of its Open Source Developer Grant program, explaining: "Under this program, we hope to add to those grants we have previously made to relevant developers by providing annual Open Source Developer Grants to developers working on Bitcoin, NodeJS, Java or Kubernetes. In addition we may provide certain smaller grants, from time to time, related to the production of related educational materials, technical workshops or the transcribing or translation of relevant technical content." According to the post, HDR has granted $650,000 to date, including $150,000 to Ford and $500,000 to MIT's Digital Currency Initiative. The company said that it is accepting applications between May 1 and June 30, with offers "expected to be made from July to September." © 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9288.02, 9332.34, 9303.63, 9648.72, 9629.66, 9313.61, 9264.81, 9162.92, 9045.39, 9143.58
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Bitcoin fell by 0.77% on Thursday. Following on from a 0.64% decline on Wednesday, Bitcoin ended the day at $9,400.0.\nIt was a mixed start to the day. Bitcoin recovered from an early dip to strike a late morning intraday high $9,496.9 before hitting reverse.\nFalling well short of the first major resistance level at $9,606.27, Bitcoin slid to a late intraday low $9,285.0.\nThe reversal saw Bitcoin fall through the first major support level at $9,300.27 before finding late support.\nBitcoin broke back through the first major support level to $9,400 levels, limiting the loss on the day.\nThe near-term bullish trend remained intact in spite of last week’s sell-off, with Bitcoin holding well above the 23.6% FIB of $8,900.\nFor the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.\nAcross the rest of the majors, it was a bearish day on Thursday.\nBinance Coin (-1.53%), Bitcoin Cash SV (-1.49%), Cardano’s ADA (-1.91%), Litecoin (-1.45%), Ripple’s XRP (-1.68%), and Stellar’s Lumen (-1.47%) lead the way down.\nBitcoin Cash ABC (-1.21%), EOS (-1.19%), Ethereum (-1.09%), and Tron’s TRX (-1.03%) also struggled on the day.\nMonero’s XMR and Tezos saw relatively modest losses of 0.17% and 0.51% respectively.\nThrough the current week, the crypto total market cap fell to a Monday low $246.94bn before rising to a Wednesday high $266.87bn. At the time of writing, the total market cap stood at $260.24bn.\nBitcoin’s dominance rose to a Monday high 66.60% before sliding to a Wednesday low 65.87%. At the time of writing, Bitcoin’s dominance stood at 66.10%.\nAt the time of writing, Bitcoin was down by 0.48% to $9,355.0. A bearish start to the day saw Bitcoin fall from an early morning high $9,400.0 to a low $9,333.4.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day on Friday.\nBinance Coin was up by 0.33% to buck the trend early on.\nIt was bearish for the rest of the pack, however, with Cardano’s ADA down by 1.05% to lead the way down.\nBitcoin would need to move through the $9,394 pivot to bring the first major resistance level at $9,502.93 into play.\nSupport from the broader market would be needed, however, for Bitcoin to break out from Thursday’s high $9,496.6. Resistance at $9,500 has continued to pin Bitcoin back since 11thJune.\nBarring a broad-based crypto rally, the first major resistance level and Thursday’s high $9,496.9 would likely cap any upside.\nIn the event of a crypto breakout, Bitcoin could test the second major resistance level at $9,595.87.\nFailure to move through the $9,394 pivot level could see Bitcoin struggle on the day.\nA fall through the morning low $9,333.4 would bring the first major support level at $9,291.03 into play.\nBarring another extended crypto sell-off, however, Bitcoin should steer clear of sub-$9,000 levels. The second major support level at $9,182.07 should limit any downside.\nThisarticlewas originally posted on FX Empire\n• European Equities: A Quiet Economic Calendar Leaves Stimulus and COVID-19 News in Focus\n• Gold Has Finally Cleared Major Resistance – Time for Liftoff\n• EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – June 19th, 2020\n• US Stock Market Overview – Stocks Close Mixed; Dow Drop and Nasdaq Continue to Rally\n• Silver Price Forecast – Silver Markets Give Back Early Gains\n• A 2nd Term and a 2nd Impeachment – Only in America', 'Bitcoin fell by 0.77% on Thursday. Following on from a 0.64% decline on Wednesday, Bitcoin ended the day at $9,400.0. It was a mixed start to the day. Bitcoin recovered from an early dip to strike a late morning intraday high $9,496.9 before hitting reverse. Falling well short of the first major resistance level at $9,606.27, Bitcoin slid to a late intraday low $9,285.0. The reversal saw Bitcoin fall through the first major support level at $9,300.27 before finding late support. Bitcoin broke back through the first major support level to $9,400 levels, limiting the loss on the day. The near-term bullish trend remained intact in spite of last week’s sell-off, with Bitcoin holding well above the 23.6% FIB of $8,900. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a bearish day on Thursday. Binance Coin (-1.53%), Bitcoin Cash SV (-1.49%), Cardano’s ADA (-1.91%), Litecoin (-1.45%), Ripple’s XRP (-1.68%), and Stellar’s Lumen (-1.47%) lead the way down. Bitcoin Cash ABC (-1.21%), EOS (-1.19%), Ethereum (-1.09%), and Tron’s TRX (-1.03%) also struggled on the day. Monero’s XMR and Tezos saw relatively modest losses of 0.17% and 0.51% respectively. Through the current week, the crypto total market cap fell to a Monday low $246.94bn before rising to a Wednesday high $266.87bn. At the time of writing, the total market cap stood at $260.24bn. Bitcoin’s dominance rose to a Monday high 66.60% before sliding to a Wednesday low 65.87%. At the time of writing, Bitcoin’s dominance stood at 66.10%. This Morning At the time of writing, Bitcoin was down by 0.48% to $9,355.0. A bearish start to the day saw Bitcoin fall from an early morning high $9,400.0 to a low $9,333.4. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day on Friday. Story continues Binance Coin was up by 0.33% to buck the trend early on. It was bearish for the rest of the pack, however, with Cardano’s ADA down by 1.05% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to move through the $9,394 pivot to bring the first major resistance level at $9,502.93 into play. Support from the broader market would be needed, however, for Bitcoin to break out from Thursday’s high $9,496.6. Resistance at $9,500 has continued to pin Bitcoin back since 11 th June. Barring a broad-based crypto rally, the first major resistance level and Thursday’s high $9,496.9 would likely cap any upside. In the event of a crypto breakout, Bitcoin could test the second major resistance level at $9,595.87. Failure to move through the $9,394 pivot level could see Bitcoin struggle on the day. A fall through the morning low $9,333.4 would bring the first major support level at $9,291.03 into play. Barring another extended crypto sell-off, however, Bitcoin should steer clear of sub-$9,000 levels. The second major support level at $9,182.07 should limit any downside. This article was originally posted on FX Empire More From FXEMPIRE: European Equities: A Quiet Economic Calendar Leaves Stimulus and COVID-19 News in Focus Gold Has Finally Cleared Major Resistance – Time for Liftoff EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – June 19th, 2020 US Stock Market Overview – Stocks Close Mixed; Dow Drop and Nasdaq Continue to Rally Silver Price Forecast – Silver Markets Give Back Early Gains A 2nd Term and a 2nd Impeachment – Only in America', 'After two years of development, one of Japan’s largest investment banks has finally entered the digital asset custody business through a joint venture with two cryptocurrency startups.\nKomainu, a venture involving Nomura Holdings, its unit CoinShares and Ledger, officially launched Wednesday. Based in the U.K.’s Jersey Channel Islands, the new business serves as a custodian and provides regulatory compliance and insurance services to institutional investors for their digital asset holdings.\nCoinShares CEO and co-founder Jean-Marie Mognetti, who will run Komainu as well, said in a press release the venture will cater to traditional institutional investors such as banks, pension funds and mutual funds that want to enter the digital asset market.\nRelated:This Liechtenstein Bank Can Now Custody Crypto\n“Komainu has created the first turnkey solution that establishes the trust required by institutions to gain exposure to digital assets,” said Mognetti.\nRead more:CoinShares Hires WisdomTree Exec as Company Plans Expansion Outside UK\nCoinShares, a digital asset trading platform, announced the venture with Ledger, the blockchain security firm, and Nomura,back in 2018.\nKomainu is named after the statues of mythical “lion dogs” that guard the entrances to Japanese Shinto temples. Mognetti claimed the new custodial service offers the same level of security as cold storage solutions (where private keys are kept offline, on a device disconnected from the internet or a piece of paper locked in a safe) while allowing for the speed and user flexibility of online “hot” wallets.\nRelated:Crypto.com Lands Record $360M Insurance Cover for Offline Bitcoin Vaults\nMognetti said this was made possible by using a “bespoke Ledger-designed solution,” which combines hardware and software applications and is underpinned by a hardware security module (HSM), a physical device that stores and manages digital encryption keys.\nKomainu’s platform supports 20 cryptocurrencies, includingbitcoin,ethereum,litecoin, andXRP. Mognetti said that while Komainu can support most protocols on the technological side, the firm would only take on tokens which satisfy anti-money-laundering requirements and have an identifiable origin. Komainu is regulated by the Jersey Financial Services Commission.\n• Nomura-Backed Crypto Custody Venture Launches After 2 Years in the Works\n• Nomura-Backed Crypto Custody Venture Launches After 2 Years in the Works', 'After two years of development, one of Japan\x92s largest investment banks has finally entered the digital asset custody business through a joint venture with two cryptocurrency startups. Komainu, a venture involving Nomura Holdings, its unit CoinShares and Ledger, officially launched Wednesday. Based in the U.K.\x92s Jersey Channel Islands, the new business serves as a custodian and provides regulatory compliance and insurance services to institutional investors for their digital asset holdings. CoinShares CEO and co-founder Jean-Marie Mognetti, who will run Komainu **Last 60 Days of Bitcoin's Closing Prices:** [6881.96, 6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85, 9771.49, 9795.70, 9870.09, 9321.78, 9480.84, 9475.28, 9386.79, 9450.70, 9538.02, 9480.25, 9411.84] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-06-19 **Financial & Commodity Data:** - Gold Closing Price: $1745.90 - Crude Oil Closing Price: $39.75 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $172,491,744,375 - Hash Rate: 111422273.155323 - Transaction Count: 344142.0 - Unique Addresses: 674050.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.39 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: The number of computers running the Bitcoin program fell to its lowest level in almost three years, according to data calculated by one prominent Bitcoin developer. Bitcoin’s total node count fell below 47,000 on Monday, a level not seen since 2017, based on estimates determined by well-regarded Bitcoin developer Luke Dashjr. His numbers show a steady decline in the number of operational nodes from a peak of over 200,000 in January 2018. A decline in total node count means fewer people are participating in validating new transactions and storing copies of the network’s shared transaction history. The new lows count comes at a time of recent surges inpriceandmining power. Related:Bitcoin Outperforming Gold and Stocks so Far This Month Tallying the number of Bitcoin nodes typically relies on estimates instead of concrete data, and opinions on the best methodology for deriving these estimates differ. Dashjr’s estimate relies on a tedious and undisclosed proprietary methodology that could compromise the reliability of the data if it was released, according to its creator. See also:Bitcoin Mining Difficulty Nears All-Time High in Final Adjustment Before Halving Another well-known Bitcoin node count tally, provided for free byBitnodes, shows fresh multi-year lows in the number of BitcoinIPv4nodes in mid-March. This helps to corroborate Dashjr’s data. However, since November Bitnodes data has shown a spike in nodes usingonionservices, which make the node operator more difficult to locate. Curiously, the last bitcoin bull cycles were preceded by significant spikes in new Bitcoin nodes coming online, according to Dashjr.’s estimates. But since April 2019, the total node count estimate has steadily fallen despite periods of relatively bullish price action. Underwhelming price action or recent market crashes may have caused some investors and node operators to simply lose interest and shut off their nodes. Related:Market Wrap: Derivatives May Reduce Miner Selling Pressure After Bitcoin Halving After price crashes, plenty of Bitcoin users “lose interest and stop opening their wallets or running their nodes,” said Jameson Lopp, CTO and co-founder of Casa, a bitcoin storage security company. Lopp considers Bitcoin nodes that continue to run despite market behavior to be “nodes of last resort.” More people also may be shutting off their Bitcoin nodes because, for them, running the software is just too hard. According to Dashjr, “Running a [Bitcoin] node continues to get harder and harder with block sizes exceeding the rate of technological improvement.” Full Bitcoin nodes don’t mine for new bitcoins. Instead, they store individual copies of the blockchain to protect the universal ledger’s accuracy and they allow users to verify transactions issued on the network. See also:Bitcoin Wallets Are Adopting This Tech to Simplify Lightning Payments A dropping node count might not be a problem for the network, provided that “enough” nodes are still operating, said Matt Corallo, full-time open-source bitcoin developer at Square. “Ultimately, the raw number is unimportant. What matters are two things: Are users who transact materially with Bitcoin checking transactions against their own full node, and are there enough nodes to service chain downloads for new nodes,” Corallo explained. But the definition of “enough” is “super hard,” he said. Note: This story originally referred to the developer as Luke Jr., his original moniker. He now goes by the name Luke Dashjr. • Bitcoin Breaches $9.2K as Open Positions on CME Futures Hit 10-Month High • Bitcoin Mining Difficulty Nears All-Time High in Final Adjustment Before Halving... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9332.34, 9303.63, 9648.72, 9629.66, 9313.61, 9264.81, 9162.92, 9045.39, 9143.58, 9190.85
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:** ['Bitcoin fell by 0.90% on Friday. Following on from a 0.77% decline on Thursday, Bitcoin ended the day at $9,315.5. It was a bearish start to the day. Bitcoin slid to an early morning intraday low $9,237.0 before recovering. Bitcoin fell through the first major support level at $9,291.03 before striking a late morning intraday high $9,444.1. Falling well short of the first major resistance level at $9,502.93, Bitcoin slid back to a late low $9,262.5. Bitcoin fell back through the first major support level at $9,291.03 before a partial recovery late in the day. The near-term bullish trend remained intact in spite of a 3 rd consecutive days in the red. Bitcoin continued to hold above the 23.6% FIB of $8,900. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was another bearish day on Friday. Cardano’s ADA slid by 2.24% to lead the way down. Binance Coin (-1.18%), Bitcoin Cash SC (-1.46%), Litecoin (-1.29%), Ripple’s XRP (-1.47%), Stellar’s Lumen (-1.62%), and Tezos (-1.42%) weren’t far behind. Bitcoin Cash ABC (-0.66%), EOS (-0.39%), Ethereum (-1.03%), Monero’s XMR (-1.03%), and Tron’s TRX (-0.84%) saw relatively modest losses. Through the current week, the crypto total market cap fell to a Monday low $245.97bn before rising to a Wednesday high $267.65bn. At the time of writing, the total market cap stood at $259.06bn. Bitcoin’s dominance rose to a Monday high 66.60% before sliding to a Wednesday low 65.79%. At the time of writing, Bitcoin’s dominance stood at 66.09%. This Morning At the time of writing, Bitcoin was up by 0.07% to $9,321.6. A mixed start to the day saw Bitcoin fall to an early morning low $9,302.2 before rising to a high $9,337.5. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day on Saturday. Story continues Cardano’s ADA (-0.64%), Monero’s XMR (-0.16%), and Tron’s TRX (-0.14%) saw red early on. It was a relatively bullish start for the rest of the majors, with Tezos up by 0.40% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to move through the $9,332 pivot to bring the first major resistance level at $9,427.4 into play. Support from the broader market would be needed, however, for Bitcoin to break back through to $9,400 levels. Barring a broad-based crypto rally, the first major resistance level at $9,427.4 and Friday’s high $9,444.1 would likely cap any upside. Resistance at $9,500 has continued to pin Bitcoin back since 11 th June. In the event of a crypto breakout, Bitcoin could test the second major resistance level at $9,539.3. Failure to move through the $9,332 pivot level could see Bitcoin struggle on the day. A fall through the morning low $9,302.2 would bring the first major support level at $9,220.3 into play. Barring another extended crypto sell-off, however, Bitcoin should steer clear of sub-$9,000 levels. The second major support level at $9,125.1 should limit any downside. This article was originally posted on FX Empire More From FXEMPIRE: Crude Oil Price Forecast – Crude Oil Markets Trying to Get to Gap EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – June 20th, 2020 Silver Weekly Price Forecast – Silver Markets for Massive Hammer E-mini S&P 500 Index (ES) Futures Technical Analysis – Weaker After Apple Recloses Some Stores S&P 500 Weekly Price Forecast – Stock Markets Continue to Grind Higher The Crypto Daily – Movers and Shakers – June 20th, 2020', 'Bitcoin fell by 0.90% on Friday. Following on from a 0.77% decline on Thursday, Bitcoin ended the day at $9,315.5.\nIt was a bearish start to the day. Bitcoin slid to an early morning intraday low $9,237.0 before recovering.\nBitcoin fell through the first major support level at $9,291.03 before striking a late morning intraday high $9,444.1.\nFalling well short of the first major resistance level at $9,502.93, Bitcoin slid back to a late low $9,262.5.\nBitcoin fell back through the first major support level at $9,291.03 before a partial recovery late in the day.\nThe near-term bullish trend remained intact in spite of a 3rdconsecutive days in the red. Bitcoin continued to hold above the 23.6% FIB of $8,900.\nFor the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.\nAcross the rest of the majors, it was another bearish day on Friday.\nCardano’s ADA slid by 2.24% to lead the way down.\nBinance Coin (-1.18%), Bitcoin Cash SC (-1.46%), Litecoin (-1.29%), Ripple’s XRP (-1.47%), Stellar’s Lumen (-1.62%), and Tezos (-1.42%) weren’t far behind.\nBitcoin Cash ABC (-0.66%), EOS (-0.39%), Ethereum (-1.03%), Monero’s XMR (-1.03%), and Tron’s TRX (-0.84%) saw relatively modest losses.\nThrough the current week, the crypto total market cap fell to a Monday low $245.97bn before rising to a Wednesday high $267.65bn. At the time of writing, the total market cap stood at $259.06bn.\nBitcoin’s dominance rose to a Monday high 66.60% before sliding to a Wednesday low 65.79%. At the time of writing, Bitcoin’s dominance stood at 66.09%.\nAt the time of writing, Bitcoin was up by 0.07% to $9,321.6. A mixed start to the day saw Bitcoin fall to an early morning low $9,302.2 before rising to a high $9,337.5.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day on Saturday.\nCardano’s ADA (-0.64%), Monero’s XMR (-0.16%), and Tron’s TRX (-0.14%) saw red early on.\nIt was a relatively bullish start for the rest of the majors, with Tezos up by 0.40% to lead the way.\nBitcoin would need to move through the $9,332 pivot to bring the first major resistance level at $9,427.4 into play.\nSupport from the broader market would be needed, however, for Bitcoin to break back through to $9,400 levels.\nBarring a broad-based crypto rally, the first major resistance level at $9,427.4 and Friday’s high $9,444.1 would likely cap any upside. Resistance at $9,500 has continued to pin Bitcoin back since 11thJune.\nIn the event of a crypto breakout, Bitcoin could test the second major resistance level at $9,539.3.\nFailure to move through the $9,332 pivot level could see Bitcoin struggle on the day.\nA fall through the morning low $9,302.2 would bring the first major support level at $9,220.3 into play.\nBarring another extended crypto sell-off, however, Bitcoin should steer clear of sub-$9,000 levels. The second major support level at $9,125.1 should limit any downside.\nThisarticlewas originally posted on FX Empire\n• Crude Oil Price Forecast – Crude Oil Markets Trying to Get to Gap\n• EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – June 20th, 2020\n• Silver Weekly Price Forecast – Silver Markets for Massive Hammer\n• E-mini S&P 500 Index (ES) Futures Technical Analysis – Weaker After Apple Recloses Some Stores\n• S&P 500 Weekly Price Forecast – Stock Markets Continue to Grind Higher\n• The Crypto Daily – Movers and Shakers – June 20th, 2020', 'An economic comparison of where boomers were at the same age as millennials leads to only one conclusion: Millennials are screwed.\nFormore episodesand free early access before our regular 3 p.m. Eastern time releases, subscribe withApple Podcasts,Spotify,Pocketcasts,Google Podcasts,Castbox,Stitcher,RadioPublica,iHeartRadioorRSS.\nThis episode is sponsored byBitstampandCiphertrace.\nRelated:Bitcoin Only Matters Because the Game Is Rigged\nThe big narrative in financial media for the last few weeks has been the insurgent Robinhood rally, led by the AC/DC-blaring Pied Piper Dave Portnoy, owner of Davey Day Trader Global Global (DDTG Global).\nAs people try to make sense of the strange retail trading phenomenon, one perspective is the participants (average age of 31 on Robinhood) are reacting to a market that has left them behind. In this view, they are assaulting the market with otherwise outrageous and ludicrous strategies because, otherwise, how will they get their piece?\nSee also:The Chad Index Versus Doomer Internet Money: The Breakdown Weekly Recap\nThis week’s Breakdown Weekly Recap looks at this in the context of some surprising (and frankly depressing) stats about the millennial generation’s current wealth, as compared to where boomers were at the same time in their careers.\nRelated:Why Monetary Debasement Is Here to Stay, Feat. Dr. Vikram Mansharamani\nMonday |Sorry, Bloomberg: Here Are 6 Reasons Why 2020 Is a Great Year for Bitcoin\n• A Bloomberg senior editor today argued there were six reasons why 2020 was bad forbitcoin. Here’s the opposite case.\nTuesday |From Moral Hazard to Business as Usual, Feat. Jesse Felder\n• A leading independent financial analysis shares thoughts on the “Robinhood rally,” Fed policy and why Modern Monetary Theory (MMT) is already here.\nWednesday |What Satoshi Understood: Nobody Knows You’re a Dog on Social Media, Feat. The Crypto Dog\n• A conversation about pseudo-anonymity, global digital nomadism and the trader’s mindset.\nThursday |6 Things Jobless Claims Tell Us About the State of the Real Economy\n• Persistent unemployment and fears of further layoffs are the real economic counterpoint to the financial market’s unbridled enthusiasm.\nFriday |Why Monetary Debasement Is Here to Stay, Feat. Dr. Vikram Mansharamani\n• From technology to aging demographics, some of the most important trends shaping the economy have been deflationary. What happens when that rapidly changes?\nFormore episodesand free early access before our regular 3 p.m. Eastern time releases, subscribe withApple Podcasts,Spotify,Pocketcasts,Google Podcasts,Castbox,Stitcher,RadioPublica,iHeartRadioorRSS.\n• A Dozen+ Statistics Proving Millennials Are F%#$&D: The Breakdown Weekly Recap\n• A Dozen+ Statistics Proving Millennials Are F%#$&D: The Breakdown Weekly Recap', 'An economic comparison of where boomers were at the same age as millennials leads to only one conclusion: Millennials are screwed. For more episodes a **Last 60 Days of Bitcoin's Closing Prices:** [6880.32, 7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85, 9771.49, 9795.70, 9870.09, 9321.78, 9480.84, 9475.28, 9386.79, 9450.70, 9538.02, 9480.25, 9411.84, 9288.02] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-06-20 **Financial & Commodity Data:** - Gold Closing Price: $1745.90 - Crude Oil Closing Price: $39.75 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $172,491,744,375 - Hash Rate: 107498953.678023 - Transaction Count: 284123.0 - Unique Addresses: 553650.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.38 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: As previously noted in Coin Rivet’s analysis XRP remains in bearish territory following a relatively dismal performance over the past six weeks. It is now trading back below the $0.20 level of psychological resistance while $0.1825 remains an important level of support to the downside. In order for XRP to trigger a bullish reversal it needs to break above not only the $0.20 level but also the daily 200 moving average, which is at $0.2125 after sloping to the downside for more than two years. In the past 12 months XRP has spent just three weeks above the 200MA as it continues to struggle due to a lack of bullish momentum. If the $0.1825 level of support eventually falls XRP can be expected to drop to as low as $0.1475, which is around the point it bounced in March. XRP’s notably bearish chart is baffling considering the amount of work the Ripple Foundation has been putting in on a global level, with increasing numbers of significant partnerships being secured. However, one of the main issues that keeps rearing its ugly head in terms of XRP’s price is the over-the-counter token sales that have been commencing. A group of aggrieved XRP investors filed a lawsuit against Ripple over the token sales, although Ripple CEO Brad Garlinghouse replied by claiming that the sales were “vital to the survival of the company” . For more news, guides and cryptocurrency analysis, click here . Latest Ripple price Current live XRP price information and interactive charts are available on our site 24 hours a day. The ticker bar at the bottom of every page on our site has the latest Ripple price. Pricing is also available in a range of different currency equivalents: US Dollar – XRPtoUSD British Pound Sterling – XRPtoGBP Japanese Yen – XRPtoJPY Euro – XRPtoEUR Australian Dollar – XRPtoAUD Russian Rouble – XRPtoRUB Bitcoin – XRPtoBTC About Ripple (XRP) Ripple is a real-time gross settlement system (RTGS) developed by the Ripple company. It is also referred to as the Ripple Transaction Protocol (RTXP) or Ripple protocol. It can trace its roots to 2004 when a web developer called Ryan Fugger had the idea to create a monetary system that was decentralised and could effectively allow individuals to create their own money. Story continues Ripple is one of the largest cryptocurrencies and is one of the top 10 cryptocurrencies by market capitalisation. More Ripple news and information If you want to find out more information about Ripple or cryptocurrencies in general, then use the search box at the top of this page. Here’s a recent article to get you started: https://coinrivet.com/ripple-ceo-brad-garlinghouse-hits-back-at-critics-xrp-is-not-a-security/ As with any investment, it pays to do some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. This page is not recommending a particular currency or whether you should invest or not.... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9303.63, 9648.72, 9629.66, 9313.61, 9264.81, 9162.92, 9045.39, 9143.58, 9190.85, 9137.99
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Bitcoin rose by 0.63% on Saturday. Partially reversing a 0.90% fall from Friday, Bitcoin ended the day at $9,371.3. It was a mixed start to the day. Bitcoin rose to an early morning high $9,357.0 before hitting reverse. Falling short of the major resistance levels, Bitcoin slid to a late morning intraday low $9,178.0. Bitcoin fell through the first major support level at $9,220.30 before striking a late morning intraday high $9,406.6. Falling short of the first major resistance level at $9,427.40, Bitcoin fell back to sub-$9,300 levels before finding late support. Steering clear of the major support levels, Bitcoin bounced back to $9,400 levels before easing back. The near-term bullish trend remained intact in spite of 3 consecutive days in the red mid-week. Bitcoin continued to hold above the 23.6% FIB of $8,900. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Saturday. Bitcoin Cash ABC (-0.67%), Cardano’s ADA (-0.20%), Monero’s XMR (-0.11%), Stellar’s Lumen (-0.17%), and Tezos (-0.13%) saw red on the day. It was a relatively bullish day for the rest of the majors, however. Bitcoin Cash SV (+1.19%), Litecoin (+1.80%), and Tron’s TRX (+1.19%) led the way. Binance Coin (+0.88%), EOS (+0.46%), Ethereum (+0.06%), and Ripple’s XRP (+0.48%), saw modest gains on the day. Through the current week, the crypto total market cap fell to a Monday low $245.97bn before rising to a Wednesday high $267.65bn. At the time of writing, the total market cap stood at $260.69bn. Bitcoin’s dominance rose to a Monday high 66.60% before sliding to a Wednesday low 65.79%. At the time of writing, Bitcoin’s dominance stood at 66.16%. This Morning At the time of writing, Bitcoin was up by 0.13% to $9,383.7. A mixed start to the day saw Bitcoin rise to an early morning high $9,394.2 before falling to a low $9,355.4 Story continues Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Tezos and Tron’s TRX struggled, with losses of 0.37% and 0.26% respectively. It was bullish for the rest of the majors, however, with Binance Coin up by 0.50% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the $9,320 pivot to support a run at the first major resistance level at $9,459.27. Support from the broader market would be needed, however, for Bitcoin to break out from Saturday’s high $9,406.6. Resistance at $9,500 has continued to pin Bitcoin back since 11 th June. Barring a broad-based crypto rally, the first major resistance level at $9,459.27 would likely cap any upside. In the event of a crypto breakout, Bitcoin could test the second major resistance level at $9,547.23. Failure to avoid a fall through the $9,320 pivot level could see Bitcoin struggle on the day. A fall through to sub-$9,300 levels would bring the first major support level at $9,230.67 into play. Barring another extended crypto sell-off, however, Bitcoin should steer clear of sub-$9,000 levels. The second major support level at $9,090.03 should limit any downside. This article was originally posted on FX Empire More From FXEMPIRE: The Week Ahead – COVID-19 Numbers, Geopolitics and June PMIs in Focus S&P 500 Weekly Price Forecast – Stock Markets Continue to Grind Higher Natural Gas Price Prediction – Prices Rise but are Likely Capped as Production Rises E-mini S&P 500 Index (ES) Futures Technical Analysis – Weaker After Apple Recloses Some Stores E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Rally Fizzles as Apple Re-Closes Stores NZD/USD Forex Technical Analysis – Increasing Selling Pressure Amid Rising Recession Fears', 'Bitcoin rose by 0.63% on Saturday. Partially reversing a 0.90% fall from Friday, Bitcoin ended the day at $9,371.3.\nIt was a mixed start to the day. Bitcoin rose to an early morning high $9,357.0 before hitting reverse.\nFalling short of the major resistance levels, Bitcoin slid to a late morning intraday low $9,178.0.\nBitcoin fell through the first major support level at $9,220.30 before striking a late morning intraday high $9,406.6.\nFalling short of the first major resistance level at $9,427.40, Bitcoin fell back to sub-$9,300 levels before finding late support.\nSteering clear of the major support levels, Bitcoin bounced back to $9,400 levels before easing back.\nThe near-term bullish trend remained intact in spite of 3 consecutive days in the red mid-week. Bitcoin continued to hold above the 23.6% FIB of $8,900.\nFor the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Saturday.\nBitcoin Cash ABC (-0.67%), Cardano’s ADA (-0.20%), Monero’s XMR (-0.11%), Stellar’s Lumen (-0.17%), and Tezos (-0.13%) saw red on the day.\nIt was a relatively bullish day for the rest of the majors, however.\nBitcoin Cash SV (+1.19%), Litecoin (+1.80%), and Tron’s TRX (+1.19%) led the way.\nBinance Coin (+0.88%), EOS (+0.46%), Ethereum (+0.06%), and Ripple’s XRP (+0.48%), saw modest gains on the day.\nThrough the current week, the crypto total market cap fell to a Monday low $245.97bn before rising to a Wednesday high $267.65bn. At the time of writing, the total market cap stood at $260.69bn.\nBitcoin’s dominance rose to a Monday high 66.60% before sliding to a Wednesday low 65.79%. At the time of writing, Bitcoin’s dominance stood at 66.16%.\nAt the time of writing, Bitcoin was up by 0.13% to $9,383.7. A mixed start to the day saw Bitcoin rise to an early morning high $9,394.2 before falling to a low $9,355.4\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nTezos and Tron’s TRX struggled, with losses of 0.37% and 0.26% respectively.\nIt was bullish for the rest of the majors, however, with Binance Coin up by 0.50% to lead the way.\nBitcoin would need to avoid a fall through the $9,320 pivot to support a run at the first major resistance level at $9,459.27.\nSupport from the broader market would be needed, however, for Bitcoin to break out from Saturday’s high $9,406.6. Resistance at $9,500 has continued to pin Bitcoin back since 11thJune.\nBarring a broad-based crypto rally, the first major resistance level at $9,459.27 would likely cap any upside.\nIn the event of a crypto breakout, Bitcoin could test the second major resistance level at $9,547.23.\nFailure to avoid a fall through the $9,320 pivot level could see Bitcoin struggle on the day.\nA fall through to sub-$9,300 levels would bring the first major support level at $9,230.67 into play.\nBarring another extended crypto sell-off, however, Bitcoin should steer clear of sub-$9,000 levels. The second major support level at $9,090.03 should limit any downside.\nThisarticlewas originally posted on FX Empire\n• The Week Ahead – COVID-19 Numbers, Geopolitics and June PMIs in Focus\n• S&P 500 Weekly Price Forecast – Stock Markets Continue to Grind Higher\n• Natural Gas Price Prediction – Prices Rise but are Likely Capped as Production Rises\n• E-mini S&P 500 Index (ES) Futures Technical Analysis – Weaker After Apple Recloses Some Stores\n• E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Rally Fizzles as Apple Re-Closes Stores\n• NZD/USD Forex Technical Analysis – Increasing Selling Pressure Amid Rising Recession Fears', 'Data obtained from Chainalysis, a leading crypto data analytic firm, the four biggest crypto exchanges since 2018 Coinbase , Binance , Huobi , and Bitfinex received about 40% of all BTCs via exchanges this year. The next ten crypto exchanges collected 36% in a combined volume of BTCs leaving other smaller exchanges to share out the remaining 24% of transfer volume. Chainalysis, in a detailed report, also analyzed that though about 96% of retail traders made most of the transactions, the professional traders controlled most of the volume; \x93Retail traders, whom we categorize as those who deposit less than $10,000 USD worth of Bitcoin on exchanges at a time, appear to be the large majority, accounting for 96% of all transfers sent to exchanges on an average weekly basis. \x93Professional traders, however, control the liquidity of the market, accounting for 85% of all the USD value of Bitcoin value sent to exchanges,\x94 the report said. Chainalysis also concluded that Bitcoin\x92s supply makes it similar to gold, giving it a safe haven asset status as digital gold. \x93But this digital gold is supported by an active trading market for those who prefer to buy and sell frequently. The 3.5 million Bitcoin used for trading supplies the market, and, in interaction with the level of demand, determine the price.\x94 The report by Chainalysis also spoke about where Bitcoin presently stays. It said; \x93Roughly 60% of Bitcoin that is not lost is held by a licensed custodial service, or as FATF would refer to it, a Virtual Asset Service Provider (VASP). Most cryptocurrency exchanges would fall into this category, along with hosted wallets. \x93As we can see, this share has risen steadily over time, reflecting the growth of custodial cryptocurrency businesses as Bitcoin has gone more mainstream. \x93The dominance of VASPs becomes even clearer when we consider that, of the remaining 40% of available Bitcoin, which is not currently held by VASPs, 87% has passed through a VASP at some point. Story continues \x93Most people either hold their Bitcoin on VASPs, or acquire their Bitcoin from VASPs.\x94 The article was written by Olumide Adesina an Investment Professional This article was originally posted on FX Empire More From FXEMPIRE: The Weekly Wrap \x96 The FED Delivers, Offsetting Market Concerns over COVID-19\x85 USD/JPY Forex Technical Analysis \x96 Trader Reaction to 106.706 and 108.008 Sets Near-Term Tone E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis \x96 Rally Fizzles as Apple Re-Closes **Last 60 Days of Bitcoin's Closing Prices:** [7117.21, 7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85, 9771.49, 9795.70, 9870.09, 9321.78, 9480.84, 9475.28, 9386.79, 9450.70, 9538.02, 9480.25, 9411.84, 9288.02, 9332.34] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-06-21 **Financial & Commodity Data:** - Gold Closing Price: $1745.90 - Crude Oil Closing Price: $39.75 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $172,491,744,375 - Hash Rate: 114560928.737163 - Transaction Count: 259440.0 - Unique Addresses: 475037.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.37 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Privnote, a free web service that lets users send encrypted messages that self-destruct once read, has been copied with the reported aim of redirecting users’bitcointo criminals. In aSunday poston cybersecurity blog KrebsonSecurity, journalist Brian Krebs warned users of a phishing scam that lures unsuspecting victims to a near-identical version of the privnote.com website known as privnotes.com. However, the fake site doesn’t fully encrypt messages, as Krebs discovered in tests, and can “read and/or modify all messages sent by users.” Just as worrying, it contains a script that hunts out messages containing bitcoin addresses and changes the original address into the bad actor’s own address in the sent message. This would mean any funds sent would arrive at the bitcoin address owned by the criminal, not the one intended by the message sender. “Any messages containing bitcoin addresses will be automatically altered to include a different bitcoin address, as long as the Internet addresses of the sender and receiver of the message are not the same,” Krebs said in the post. “Until recently, I couldn’t quite work out what Privnotes was up to, but today it became crystal clear,” he said. Krebs explained he’d been notified by the owners of privnote.com that someone had built a clone version of their site and that it was tricking users of the legitimate site. Related:Encrypted Messaging Site Privnote Cloned to Steal Bitcoin See also:Crypto Scams Targeting Pacific Communities on the Rise, Say New Zealand Regulators “It’s not hard to see why: Privnotes.com is confusingly similar in name and appearance to the real thing, and comes up second in Google search results for the term “privnote.” Also, anyone who mistakenly types “privnotes” into Google search may see at the top of the results a misleading paid ad for “Privnote” that actually leads to privnotes.com,” Krebs wrote. A quick Google search by CoinDesk verified this finding. Making the scam harder to spot, the self-destructing nature of these messages means victims are unable to go back and check on the bitcoin addresses the script alters: they are sent, read and deleted. According to Allison Nixon, chief research officer at Unit 221B, who helped identify and test the phishing scam, said the script appears to only alter the first instance of a bitcoin address if it’s repeated within a message. “The type of people using privnote aren’t the type of people who are going to send that bitcoin wallet any other way for verification purposes,” Nixon said in the post. “It’s a pretty smart scam.” See also:FBI Warns COVID-19 Scammers Are Targeting Crypto Holders Bitcoin-related scams have been on the rise in recent months, particularly with concerns relating the coronavirus pandemic.U.K residents were warned in late Marchthat scams were being used to exploit fear and uncertainty through text messages and emails posing as an official health organization. “Even if you never use or plan to use the legitimate encrypted message service Privnote.com, this scam is a great reminder of why it pays to be extra careful about using search engines to find sites that you plan to entrust with sensitive data,” Krebs said. • Bootstrapping Mobile Mesh Networks With Bitcoin Lightning • How the Porn Industry Changed During Coronavirus, With Performers Wary of Bitcoin... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9648.72, 9629.66, 9313.61, 9264.81, 9162.92, 9045.39, 9143.58, 9190.85, 9137.99, 9228.33
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ["The Italian Banking Association (ABI) announced Thursday its banks are willing to pilot a digital euro. ABI, made up of over 700 Italian banking institutions , expressed its desire to help speed up the implementation of a digital currency backed by the European Central Bank (ECB) by participating in related projects and experiments. Last year, ABI set up a working group to research digital and crypto assets. The group shared 10 considerations for a digital euro in Thursday\x92s announcement, starting with, \x93Monetary stability and full compliance with the European regulatory framework must be preserved as a matter of priority.\x94 Related: Bitcoin News Roundup for June 22, 2020 The group prioritized the need for a digital currency framework to be fully compliant with European Union regulations to win the public\x92s trust, and said banks will play a critical role in upholding that trust. In its second guideline, the group said Italian banks are already working with distributed ledger technology, referencing the Spunta project . The project was an initiative by the ABI Lab to integrate blockchain to accelerate the processing of interbank settlements. According to the group, a central bank digital currency (CBDC) would lead to future innovations to the traditional banking system like P2P transactions, machine-to-machine transactions and the ability to manage exchange rate and interest rate risk thanks to the programmable capabilities of digital currencies. \x93A programmable digital currency represents an innovation in the financial field capable of profoundly revolutionizing money and exchange. This is a transformation capable of bringing significant potential added value, particularly in terms of the efficiency of the operating and management processes,\x94 the announcement said. Related: Power Ledger's Blockchain P2P Energy Trial 'Technically Feasible,' It Says in New Report Italy is not the first nation to express an interest in experimenting with a digital euro. Earlier this year, France\x92s central bank sent out a call for proposals for CBDC experiments. The Dutch Central Bank also announced the Netherlands was willing to trial a digital euro. Story continues Last year, the head of Germany\x92s Central Bank, Jens Weidmann, in a speech , warned a CBDC could destabilize financial systems. Later in the year, the Association of German Banks made an announcement advocating for a programmable digital euro. The Italian Central Bank has yet to comment on ABI\x92s announcement. Related Stories Italian Banks Are Ready to Trial a Digital Euro Italian Banks Are Ready to Trial a Digital Euro", "The Italian Banking Association (ABI)announced Thursdayits banks are willing to pilot a digital euro.\nABI, made up of over700 Italian banking institutions, expressed its desire to help speed up the implementation of a digital currencybacked by the European Central Bank(ECB) by participating in related projects and experiments. Last year, ABI set up a working group to research digital and crypto assets.\nThe group shared 10 considerations for a digital euro in Thursday’s announcement, starting with, “Monetary stability and full compliance with the European regulatory framework must be preserved as a matter of priority.”\nRelated:Bitcoin News Roundup for June 22, 2020\nThe group prioritized the need for a digital currency framework to be fully compliant with European Union regulations to win the public’s trust, and said banks will play a critical role in upholding that trust.\nIn its second guideline, the group said Italian banks are already working with distributed ledger technology, referencing theSpunta project. The project was an initiative by the ABI Lab to integrate blockchain to accelerate the processing of interbank settlements.\nAccording to the group, a central bank digital currency (CBDC) would lead to future innovations to the traditional banking system like P2P transactions, machine-to-machine transactions and the ability to manage exchange rate and interest rate risk thanks to the programmable capabilities of digital currencies.\n“A programmable digital currency represents an innovation in the financial field capable of profoundly revolutionizing money and exchange. This is a transformation capable of bringing significant potential added value, particularly in terms of the efficiency of the operating and management processes,” the announcement said.\nRelated:Power Ledger's Blockchain P2P Energy Trial 'Technically Feasible,' It Says in New Report\nItaly is not the first nation to express an interest in experimenting with a digital euro. Earlier this year, France’s central banksent out a callfor proposals for CBDC experiments. The Dutch Central Bank alsoannouncedthe Netherlands was willing to trial a digital euro.\nLast year, the head of Germany’s Central Bank, Jens Weidmann, ina speech, warned a CBDC could destabilize financial systems. Later in the year, the Association of German Banksmade an announcementadvocating for a programmable digital euro.\nThe Italian Central Bank has yet to comment on ABI’s announcement.\n• Italian Banks Are Ready to Trial a Digital Euro\n• Italian Banks Are Ready to Trial a Digital Euro", "WELLINGTON, New Zealand (AP) — New Zealand police said Monday they have seized $90 million from Alexander Vinnik, a Russian bitcoin fraud suspect who is in French custody but is also wanted in the United States. New Zealand Police Commissioner Andrew Coster said it had worked closely with the U.S. Internal Revenue Service in the case. He said the money likely reflected illicit profits from thousands of victims. The money is the most ever seized by New Zealand police. The U.S. has accused Vinnik of laundering billions of dollars through BTC-e, one of the world’s largest digital currency exchanges. His native Russia also wants to put him on trial. Vinnik says he acted as a technical consultant to the BTC-e platform and had no knowledge of any illegal activity. Vinnik was arrested in the summer of 2017 while on a family holiday in northern Greece, at the request of U.S. authorities. After a two-year legal tug-of-war, Vinnik was extradited from Greece to France. French officials in January filed preliminary charges of money laundering and extortion against Vinnick. He denies any wrongdoing and was on hunger strike for 35 days to protest his extradition to France. He wanted to go to Russia instead, where he faces lesser charges. Vinnik’s lawyer said her client was hospitalized upon arrival in France because of the hunger strike. Greek authorities had ruled that Vinnik should be extradited first to France, then to the U.S. and finally to Russia. New Zealand police said Monday they had restrained 140 million New Zealand dollars ($90 million) from Canton Business Corporation and its owner, Vinnik, who were holding funds in a New Zealand company. New Zealand prides itself on the ease of doing business and setting up companies, although it has sometimes be targeted by criminals from abroad, who create shell companies. Coster said there was always a risk New Zealand companies would be used in international money laundering. “However, this restraint demonstrates that New Zealand is not, and will not be, a safe haven for the illicit proceeds generated from crime in other parts of the world,” Coster said in a statement. New Zealand's companies register indicates Vinnik owned a company called WME Capital Management from 2008 until 2012, although the register doesn't list him as a shareholder in any companies beyond that date. The money has been frozen by the New Zealand police, who said they planned to apply to the High Court seeking for it to be forfeited.", "WELLINGTON, New Zealand (AP) — New Zealand police said Monday they have seized $90 million from Alexander Vinnik, a Russian bitcoin fraud suspect who is in French custody but is also wanted in the United States. New Zealand Police Commissioner Andrew Coster said it had worked closely with the U.S. Internal Revenue Service in the case. He said the money likely reflected illicit profits from thousands of victims. The money is the most ever seized by New Zealand police. The U.S. has accused Vinnik of laundering billions of dollars through BTC-e, one of the world’s largest digital currency exchanges. His native Russia also wants to put him on trial. Vinnik says he acted as a technical consultant to the BTC-e platform and had no knowledge of any illegal activity. Vinnik was arrested in the summer of 2017 while on a family holiday in northern Greece, at the request of U.S. authorities. After a two-year legal tug-of-war, Vinnik was extradited from Greece to France. French officials in January filed preliminary charges of money laundering and extortion against Vinnick. He denies any wrongdoing and was on hunger strike for 35 days to protest his extradition to France. He wanted to go to Russia instead, where he faces lesser charges. Vinnik’s lawyer said her client was hospitalized upon arrival in France because of the hunger strike. Greek authorities had ruled that Vinnik should be extradited first to France, then to the U.S. and finally to Russia. New Zealand police said Monday they had restrained 140 million New Zealand dollars ($90 million) from Canton Business Corporation and its owner, Vinnik, who were holding funds in a New Zealand company. New Zealand prides itself on the ease of doing business and setting up companies, although it has sometimes be targeted by criminals from abroad, who create shell companies. Coster said there was always a risk New Zealand companies would be used in international money laundering. “However, this restraint demonstrates that New Zealand is not, and will not be, a safe haven for the illicit proceeds generated from crime in other parts of the world,” Coster said in a statement. New Zealand's companies register indicates Vinnik owned a company called WME Capital Management from 2008 until 2012, although the register doesn't list **Last 60 Days of Bitcoin's Closing Prices:** [7429.72, 7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85, 9771.49, 9795.70, 9870.09, 9321.78, 9480.84, 9475.28, 9386.79, 9450.70, 9538.02, 9480.25, 9411.84, 9288.02, 9332.34, 9303.63] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-06-22 **Financial & Commodity Data:** - Gold Closing Price: $1756.70 - Crude Oil Closing Price: $40.46 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $172,550,000,700 - Hash Rate: 112206937.050783 - Transaction Count: 301396.0 - Unique Addresses: 603576.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.38 **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. “Did you look both ways?” I recently took my 7-year-old son out for a bike ride and he started to cross the street without looking. I grabbed his handlebars and shouted, “Did you look both ways?,” and he responded, “Oh, I forgot.” Fortunately, there was no traffic that day and I was right next to him, but I explained to him that remembering to look both ways is not a luxury you can afford to forget. Looking back, I realized I failed to remind him of that before we set out. Foolishly, I was only focused on the rewarding experience of a family bike ride in perfect weather, and momentarily lost sight of the downside risks. Related:Finance and the Real Economy Can’t Stay Out of Sync Forever When managing outside capital, the downside risks have to be top of mind. Even in a space like crypto with asymmetric upside potential, the investing mindset has to shift away from “How high can it go?” to “How low can it go?” Just like my conversation with my son, risk management is not something you can ever afford to forget. I was a corporate bond trader at Merrill Lynch prior to the 2008 financial crisis. Times were good on Wall Street pre-crisis. There weren’t any limits to the size of my trading book as long as I made money and nothing showed up in my risk reports that would raise red flags. The upside was a huge bonus, while the downside was simply losing my job. Trading on Wall Street was like a call option – known downside, unlimited upside. I worked hard to understand the financials of the companies I traded, and I built a reputation in the corporate bond world as a smart credit trader. Over the course of my trading career, I made way more good investments than bad ones. Unfortunately, as a 27-year-old working in a loosely managed system, I was terrible at risk management. The first time I lost $1 million actually happened in the same week that I made $1 million for the first time. I was long the bonds of Trump Entertainment, a well-known Atlantic City. N.J., casino chain owned by Donald Trump. Trump was looking to sell one of the three casinos he owned and it was rumored there was significant interest. Selling this asset would have been a credit positive for bondholders because the cash generated from the sale would have led to a refinancing of the bonds at a price greater than where the bonds were trading. However, revenues were deteriorating rapidly in Atlantic City, especially at Trump properties. The bonds were rated “CCC,” and any standalone analysis of the Trump credit, future revenue and cash flows would have led most people to short the bonds, not own them (which many smart hedge funds did). This was the ultimate “event-driven” investment with binary outcomes. Related:Facebook’s Toothless Oversight Board Has Lessons for Blockchain See also:Jeff Dorman – Crypto Needs a Rational Value Investing Model I woke up one morning to a report in The Wall Street Journal that the Trump Marina Hotel & Casino was going to be sold and there was a buyer willing to pay a high enough price to validate my long thesis. The bonds I owned jumped 5 points that day to 104% of par value. I was long $32 million in bonds and had just made more than $1.4 million of paper profits. Remember when I said the only thing that drew attention on the Merrill trading desk were red flags? Well, “green flags” drew just as much attention, and suddenly people were interested in what I was trading because I had booked a large gain that day. The thing I remember most about that day, though, besides some high fives, was that a very smart, senior trader with 20-plus years of experience leaned over to me and said, “The question isn’t ‘Were you right or wrong?’ the question is ‘Should you have owned that many bonds in the first place?’” I didn’t think much about that statement at the time because I had just made $1.4 million in my trading book, but I think about it every day since. And while I did sell some of the bonds I owned that day, I didn’t sell enough. Sure enough, later in the week, the news broke that the Trump Casino asset sale fell through, and my bonds fell ~10 points. I lost almost $2 million that day. In total, over the course of the week, I only lost a marginal amount of money in my trading book. But I raised a lot of green and red flags, willingly accepted a ton of unnecessary volatility, and lost a lot of sleep…for no reason. When I first entered the digital assets industry in 2017, I met a lot of apparently intelligent people who boasted loudly about their investments. It seemed many people in blockchain figured out how to buy and sell, but it wasn’t evident that many had figured out how to manage risk. The common theme was large allocations to one or two digital assets, then sit back and watch them go up in a bull market. Many of these people even launched funds based on these phantom “track records.” In March 2020, many young crypto investors learned hard lessons about risk management, discovering that managing risk is more than just downside price protection, and managing outside capital is more than just generating returns. Risk management includes operational due diligence on the venues you trade on, discipline with regard to who can trade, and independent oversight via risk committees designed to challenge position sizing. There are no winners whencrypto funds shut downbut there are important takeaways. A strategy built around trading one asset (BTC), on one exchange (Bitmex), with high leverage may not be the most appropriate way to bring investors into this asset class. And those without formal training or experience may be better off learning from those who do as there is no shame in being an apprentice when it comes to managing other people’s money. See also:Jeff Dorman – Never Mind Hodlers, Crypto Needs More Opportunist Investors Fortunately, I learned my lesson the hard way over a decade ago; a lesson that would have helped many in today’s crypto environment. I hear that senior trader’s advice from 2008 in my head every day, and apply it to every risk management decision I make. In the aftermath of that 2008 day, I even built a proprietary risk management system that was subsequently used at three hedge funds where I worked, and we still use today at Arca. This tool is designed specifically to make sure all positions are sized according to reasonable quantitative and qualitative factors. The goal of this tool isn’t to make money, but to avoid large and unnecessary losses. The ability to stay disciplined with risk management changed my career. I always knew I had the tools required to be a successful investor, and I’ve always been convinced I can make smart investments, but it took years to realize the difference between good asset managers and bad ones comes down to more than just picking good investments. Looking back, it’s clear there are a ton of very smart, motivated, talented traders and investors in the world, and that is very true in crypto as well. But there just aren’t that many talented risk managers. It may only take 20 days to learn how to trade and 20 months to learn how to analyze investments, but it takes 20 years and counting to learn how to manage risk. Crypto likes to disrupt, but you just can’t disrupt experience. There is no shortcut to that. • Staking Will Turn Ethereum Into a Functional Store of Value • Bitcoin’s Halving Is Nothing Like Quantitative Tightening... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9629.66, 9313.61, 9264.81, 9162.92, 9045.39, 9143.58, 9190.85, 9137.99, 9228.33, 9123.41
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:** ['NEW YORK, NY / ACCESSWIRE / June 22, 2020 / There\'s no question that 2020 has been a year full of surprises. Now more than ever, with COVID-19 and with everything else that is going in the world, it can be hard to get motivated. This year, VIP Media Group put together a list of what they consider to be some of the top 30 entrepreneurs to follow in 2020. So who are they? - Carlos Smith Instagram: @the_credit_god Raised in Memphis, TN, Carlos Smith had his options laid out before he even stepped outside his door. Smith grew up in a three bedroom house with seventeen family members. "They shooting get down" was a common term used in his home. Growing up in one of the poorest and 2nd highest major crime cities in America provided Smith with structure in his life. Life lessons were engraved by him preparing for his daily survival. All these lessons gave him resilience and drive. Smith decided to use his poor financial situation as a means to escape the life he was living. He began focusing on how to be wealthy, spending hours researching. Since 2008, Smith began investing in his community with the knowledge of how to do things and run his own businesses. He now runs a six-figure business with a team of people who are dedicated to helping others achieve their financial goals. At Smith Financials LLC , Smith and his team mentor their clients to help them meet their goals. They educate them, and show them how powerful credit can be if used correctly. Most importantly, they help restore individuals\' credit. - Grant Cardone Instagram: @grantcardone Grant Cardone is the bestselling author of The 10X Rule and has been buying real estate for over 30 years. Over those three decades, he has bought over two billion dollars worth of real estate in eight states. Grant currently manages 7,068 units with his private equity firm Cardone Capital . He is such a good real estate investor because of his extreme discipline, specific formulas, and good instinct to know when to exit the property. Throughout his career, Grant has been giving small investors a chance to start small and go big. Story continues - Tai Lopez Instagram: @tailopez Tai Lopez is an investor, partner, and advisor to almost two-dozen multi-million-dollar businesses. Through his popular book club and podcasts The Tai Lopez Show, Tai shares advice on how to achieve health, wealth, love, and happiness with over 1.4 million people in 40 countries. The Tai Lopez Show gets around 800,000 downloads per month. In addition, Tai also owns the largest book shipping club in the world, Mentor Box, and was voted the Number 1 Social Media Influencer by Entrepreneur Magazine. - Lance Bachmann Instagram: @LanceBachmann Lance Bachmann is a self-made serial entrepreneur and the CEO of one of the top digital agencies in the country, 1SEO Digital Agency. Today, with over 100 employees at 1SEO\'s many locations, Lance\'s company offers a full-suite of digital marketing and I.T. solutions, including: search engine optimization (SEO), pay-per click advertising (PPC), website design and development, content and social media marketing, and much more. Lance\'s success when it comes to digital marketing has earned his company a Google Premier Partnership and Facebook Marketing Partnership, something only awarded to the top 1% of digital marketers. Prior to his success with 1SEO, Lance climbed to the top of one of the top telecommunications companies in the world, AT&T, eventually becoming Vice President of the company. - Aaron Tran Instagram: @aaronvtran Aaron Tran , is a 24 year old serial E-Commerce entrepreneur who came from an immigrant family. His parents believed that in order to be successful in this world you must go to college and obtain a high allotted degree. After dropping out of college and having an empty feeling working his 9-5, Aaron knew he had to make a change. He looked to the world of E-Commerce, it was not an easy start for Aaron , at one point having nearly $5,000 in debt, he took action. Now he is making 8 figures annually and has already generated 4 million in the past two months. He started his business for the sole purpose of being his own boss and making his life, his own. Now he plans on building his brand into a multi-8 figure company and helping others along the way. - Jeff Martin Instagram: @jeffmartin.ur Jeff Martin is an expert in recruitment and career coaching, with over 20 years of experience. Jeff advises top management at Fortune 100 and 500 companies. His job requires him to manage staffing for public figures and celebrities. In addition to that, he owns multiple recruitment agencies; Jeffrey Agency and University Recruiters, both of which were developed to manage the staffing needs of some of the most prestigious companies in America. With his type of experience, companies are always looking to him for the top candidates for their respective industries. Jeff uses social media as a tool for recruiting to attract candidates from all over the world. Jeff\'s unique strategy and strong passion for this industry has helped land him the success he has today, and in doing so he has helped an incredible amount of people land their dream job. - David Soares Instagram: @Davidgyt_ David Soares is the founder of Global Youth Trading , a financial consulting firm with a focus on the forex market. From the early age of 18, David has been passionate about Forex trading . After many years of being successful within the field, he created the company Global Youth Trading; the biggest forex consulting company in Portugal. Global Youth Trading\'s mission is to help individuals understand the market of trading and teach them how to do it successfully. - Jason Davis Adams Instagram: @Jason.Davis.Adams Jason Davis Adams is one of our country\'s top real estate agents. After completing graduate school, Jason went on to work as an education advisor. With his interest in real estate becoming more apparent each day, Jason decided to dive in the world of real estate. He thought that with his background of working with people from all walks of life, may be a perfect match, and he was right. 7 years later as a real estate agent, he had made a mark in the industry. From starting out with nothing as an individual agent, to becoming a partner and founder of The Movement Group, LLC one of the top producing teams in Boston Massachusetts. While things have been different in the world of real estate due to Covid-19, like having his clients view properties via video call. The Movement Group, LLC has adapted to the current changes and is going great. Adams plans on expanding his company to create more referral business opportunities nationwide. - Kristina Centnere Instagram: @kriscent Kristina Centnere is a serial entrepreneur and the founder of 4 companies. From an early age, Kristina knew she was never meant to be an employee. For years, she had her own ideas and wanted to take charge. At age 20 without a degree, Kristina started a digital marketing company in the middle of the 2008 recession called SocialCow; a neuromarketing company that can be used in a variety of industries, like medical, legal and franchisees all over the world. In addition to helping businesses with their marketing, Kristina also coaches select business owners to help them break through plateaus in their businesses and their lives. - Jeremy Anderson Instagram: @1jeremyanderson Jeremy Anderson is a serial entrepreneur, author, and one of our country\'s top motivational speakers. For years Jeremy struggled to find his purpose in life. He struggled with repeated failure in school, a diagnosis with ADHD and drug and alcohol abuse. After his 3rd school for the 9th grade he got his act together thanks to a group of teachers who helped him get back on track. Soon he graduated from high school on time, and then went to college to pursue his bachelors and master degree. One day Jeremy and his wife Traci had the crazy idea to quit their 9-5 jobs so that Jeremy could pursue a career in public speaking. While the people around him thought they were crazy, they decided to do it anyway and share Jeremy\'s story all around the world. Today, Jeremy is the published author of 7 books and has been able to travel all over the world inspiring the next generation of students, and teachers. In addition to his motivational speaking and educational consulting firm, Jeremy owns a trucking company, and 2 nonprofit organizations, one here in the states, and one in South Africa. Jeremy even launched his newest company ‘Next Level Speakers Academy\' where he trains and develops the next generation of speakers to share their stories, just like he does to make an impact in the world. - Mike Ashabi Instagram: @mikeashabi Mike Ashabi , CEO of True Life Ventures and the One Connection Network, has become the fastest-growing coaching business on the East Coast right now. With his two companies, Mike is making a massive impact on the world of Entrepreneurship by increasing business production for his clients by over 40% in some cases. The One Connection Network is putting business owners in touch with truly remarkable high-performing industry leaders around the country; "cherry-picked" by Mike himself. Mike has already been featured in a bunch of recent publications and nothing is stopping his momentum. Mike\'s newest expansion projects include True Life Financial, True Life Entertainment, True Life Media, and True Life Real Estate expecting to make a true impact in these various industries. - Kyle Plummer Instagram: @kyleplummerofficial Kyle Plummer is an e-commerce and dropshipping mogul who took $0 and turned it into a 7 figure business in a year, all while working his 9-5 job. His biggest motivation behind his business was financial freedom. Prior to his success he always had a 9-5 job, it hit him that with his current career situation he would never be able to do the things he dreamed of doing, like buying a home, traveling the world and being **Last 60 Days of Bitcoin's Closing Prices:** [7550.90, 7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85, 9771.49, 9795.70, 9870.09, 9321.78, 9480.84, 9475.28, 9386.79, 9450.70, 9538.02, 9480.25, 9411.84, 9288.02, 9332.34, 9303.63, 9648.72] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-06-23 **Financial & Commodity Data:** - Gold Closing Price: $1772.10 - Crude Oil Closing Price: $40.37 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $172,550,000,700 - Hash Rate: 123976895.482684 - Transaction Count: 355256.0 - Unique Addresses: 704215.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.41 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: With an Austrian app that aims to track COVID-19 now including blockchain, CoinDesk’s Markets Daily Bitcoin news roundup is back! For early access before our regular noon Eastern time releases, subscribe withApple Podcasts,Spotify,Pocketcasts,Google Podcasts,Castbox,Stitcher,RadioPublicaorRSS. This episode is sponsored byBitstampandCiphertrace. Related:Bitcoin News Roundup for June 19, 2020 Today’s stories: Bitcoin Still Undervalued After Q2 Rally, Price Metric Shows Bitcoin’s Mayer multiple indicates the cryptocurrency is undervalued despite having rallied by over 40% this quarter. Trump Told Treasury Secretary to ‘Go After’ Bitcoin, Bolton Book Reportedly Claims Related:6 Things Jobless Claims Tell Us About the State of the Real Economy Former national security adviser John Bolton is said to have revealed the conversation in his book, scheduled for publication next week. Austrian Government Funds Development of Blockchain-Based COVID-19 App Austria’s economic affairs ministry awarded a $67,600 grant to a project called QualiSig, which uses the Ardor blockchain to verify COVID-19 testing. Russia’s Ministry of Justice Latest to Criticize Proposed Crypto Ban Russia’s Ministry of Justice is the latest government authority to oppose a proposed crypto ban, seeing inconsistencies in the bill’s stipulations • Bitcoin News Roundup for June 18, 2020 • Bitcoin News Roundup for June 18, 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.
9313.61, 9264.81, 9162.92, 9045.39, 9143.58, 9190.85, 9137.99, 9228.33, 9123.41, 9087.30
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Bitcoin fell by 0.64% on Tuesday. Partially reversing Monday’s 4.28% rally, Bitcoin ended the day at $9,635.2. It was a bearish start to the day for Bitcoin and the broader market. Bitcoin slid from an early morning intraday high $9,724.0 to a late morning intraday low $9,589.7. Steering well clear of the first major support level at $9,390.27, Bitcoin recovered to $9,700 levels before easing back. A late pullback saw Bitcoin fall back to a low $9,611.8 and into the red before steadying. The near-term bullish trend remained intact in spite of a 2 nd consecutive week in the red last week. Bitcoin continued to hold above the 23.6% FIB of $8,900. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Tuesday. Monero’s XMR (+1.06%), Tezos (+3.84%), and Tron’s TRX (+0.54%) found further support. It was bearish for the rest of the majors, however. Cardano’s ADA and Stellar’s Lumen fell by 1.02% and 1.13% respectively to lead the way down. Binance Coin (-0.73%), EOS (-0.66%), and Litecoin (-0.45%) weren’t far behind. Bitcoin Cash SV (-0.10%), Ethereum (-0.05%), and Ripple’s XRP (-0.15%) saw more modest, while Bitcoin Cash ABC ended the day flat. Through the start of the week, the crypto total market cap rose from a Monday low $258.11bn to a high $272.54bn. At the time of writing, the total market cap stood at $269.02bn. Bitcoin’s dominance fell to a Monday low 65.85% before jumping to a high 66.20%. At the time of writing, Bitcoin’s dominance stood at 65.89%. This Morning At the time of writing, Bitcoin was up by 0.15% to $9,649.6. A mixed start to the day saw Bitcoin fall to an early morning low $9,633.7 before striking a high $9,658.7. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day for the majors. Story continues Tron’s TRX bucked the trend, with a 0.04% loss at the time of writing. It was bullish for the rest of the majors, with Tezos rallying by 1.80% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to move through the $9,650 pivot to support a run at the first major resistance level at $9,709.57. Support from the broader market would be needed, however, for Bitcoin to break back through to $9,700 levels. Barring another extended crypto rally, the first major resistance level and Tuesday’s high $9,724 would likely cap any upside. In the event of a crypto breakout, Bitcoin could test the second major resistance level at $9,783.93 and resistance at $9,800. Failure to move through the $9,650 pivot level could see Bitcoin struggle on the day. A fall through the morning low $9,633.7 would bring the first major support level at $9,575.27 into play. Barring an extended crypto sell-off, however, Bitcoin should steer well clear of sub-$9,500 levels. The second major support level at $9,515.33 should limit any downside on the day. This article was originally posted on FX Empire More From FXEMPIRE: Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – June 24th, 2020 The RBNZ Stands Pat, as Markets Continue to Find Relief from the June PMIs EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – June 24th, 2020 USD/CAD Daily Forecast – Test Of Support At 1.3500 E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Momentum Turns Lower Under 9843.50 Apple Shakes Off Headwinds and Rallies to All-Time High', 'Bitcoin fell by 0.64% on Tuesday. Partially reversing Monday’s 4.28% rally, Bitcoin ended the day at $9,635.2.\nIt was a bearish start to the day for Bitcoin and the broader market.\nBitcoin slid from an early morning intraday high $9,724.0 to a late morning intraday low $9,589.7.\nSteering well clear of the first major support level at $9,390.27, Bitcoin recovered to $9,700 levels before easing back.\nA late pullback saw Bitcoin fall back to a low $9,611.8 and into the red before steadying.\nThe near-term bullish trend remained intact in spite of a 2ndconsecutive week in the red last week. Bitcoin continued to hold above the 23.6% FIB of $8,900.\nFor the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Tuesday.\nMonero’s XMR (+1.06%), Tezos (+3.84%), and Tron’s TRX (+0.54%) found further support.\nIt was bearish for the rest of the majors, however.\nCardano’s ADA and Stellar’s Lumen fell by 1.02% and 1.13% respectively to lead the way down.\nBinance Coin (-0.73%), EOS (-0.66%), and Litecoin (-0.45%) weren’t far behind.\nBitcoin Cash SV (-0.10%), Ethereum (-0.05%), and Ripple’s XRP (-0.15%) saw more modest, while Bitcoin Cash ABC ended the day flat.\nThrough the start of the week, the crypto total market cap rose from a Monday low $258.11bn to a high $272.54bn. At the time of writing, the total market cap stood at $269.02bn.\nBitcoin’s dominance fell to a Monday low 65.85% before jumping to a high 66.20%. At the time of writing, Bitcoin’s dominance stood at 65.89%.\nAt the time of writing, Bitcoin was up by 0.15% to $9,649.6. A mixed start to the day saw Bitcoin fall to an early morning low $9,633.7 before striking a high $9,658.7.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day for the majors.\nTron’s TRX bucked the trend, with a 0.04% loss at the time of writing. It was bullish for the rest of the majors, with Tezos rallying by 1.80% to lead the way.\nBitcoin would need to move through the $9,650 pivot to support a run at the first major resistance level at $9,709.57.\nSupport from the broader market would be needed, however, for Bitcoin to break back through to $9,700 levels.\nBarring another extended crypto rally, the first major resistance level and Tuesday’s high $9,724 would likely cap any upside.\nIn the event of a crypto breakout, Bitcoin could test the second major resistance level at $9,783.93 and resistance at $9,800.\nFailure to move through the $9,650 pivot level could see Bitcoin struggle on the day.\nA fall through the morning low $9,633.7 would bring the first major support level at $9,575.27 into play.\nBarring an extended crypto sell-off, however, Bitcoin should steer well clear of sub-$9,500 levels. The second major support level at $9,515.33 should limit any downside on the day.\nThisarticlewas originally posted on FX Empire\n• Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – June 24th, 2020\n• The RBNZ Stands Pat, as Markets Continue to Find Relief from the June PMIs\n• EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – June 24th, 2020\n• USD/CAD Daily Forecast – Test Of Support At 1.3500\n• E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Momentum Turns Lower Under 9843.50\n• Apple Shakes Off Headwinds and Rallies to All-Time High', "The U.S. Department of Homeland Security’s (DHS) startup booster, the Silicon Valley Innovation Program (SVIP), renewed its hunt for interoperable, blockchain-based anti-counterfeiting projects at a virtual Industry Day on Tuesday. SVIP officials offered startups a fresh batch of use cases – an alternative to Social Security numbers; e-commerce, food and natural gas supply chain traceability projects; and an essential worker license inspired by COVID-19 – plus the same $800,000 in funding and potential to contract with the government that they’ve wooed first-time federal partners with in the past. Coming two years after SVIP first ventured into the realm of distributed technologies and forgeries and four years into the Department’s private sector blockchain efforts, the renewed call highlighted the extent to which this lively corner of DHS has courted and funded startups building blockchain solutions for a cabinet department eager to deploy them. Related: Encrypted Messaging Site Privnote Cloned to Steal Bitcoin “We are in the business of finding global talent to solve our local problems,” said Anil John, SVIP’s technical director at the event. “We are not in the business of doing science experiments.” SVIP previously bankrolled Factom , Mavennet , SecureKey , Digital Bazaar and others’ respective efforts to build DHS everything from data-securing Border Patrol camera platforms to timber credential mechanisms. Part of the Science and Technology Directorate, the program has handed out millions in funding . John, who is known as the “Blockchain Guru” of DHS, challenged the virtual event’s 300 participants to pitch deployable tools for the Privacy Office, U.S. Customs and Border Protection (CBP) and U.S. Citizenship and Immigration Services (USCIS), the three DHS branches posing SVIP’s five new use cases. Revamping the Social Security number Though the Silicon Valley Innovation Program often focuses on funding solutions for internal DHS problems, its call on behalf of the DHS Privacy Office offered startups the rare opportunity to create a tool that touches nearly every person in the country: an alternative to the Social Security number (SSN). Story continues Related: Maker of Coldcard Bitcoin Wallet Rolls Out an Extra-Strength 'USB Condom' “We’re not out there to replace SSN, we are there to create something that people can share back and forth without leaking [personally identifiable information],” said David Linder, the senior director for Privacy Policy and Oversight at DHS. Such a tool could address one of the most pressing but seemingly insurmountable privacy conundrums in American life. The SSN\xa0– the de-facto national identification number and also a gateway to financial services, health care and countless other services – is a highly insecure way of demonstrating one’s identity. The Privacy Office wants startups to come up with an interoperable alternative that DHS can use internally. Indeed, a 2019 directive mandates that DHS phase the number out. But Linder told startups their solutions could, and should, keep wider uses in mind. “We feel like a re **Last 60 Days of Bitcoin's Closing Prices:** [7569.94, 7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85, 9771.49, 9795.70, 9870.09, 9321.78, 9480.84, 9475.28, 9386.79, 9450.70, 9538.02, 9480.25, 9411.84, 9288.02, 9332.34, 9303.63, 9648.72, 9629.66] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-06-24 **Financial & Commodity Data:** - Gold Closing Price: $1765.80 - Crude Oil Closing Price: $38.01 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $169,855,273,097 - Hash Rate: 109068281.468943 - Transaction Count: 312321.0 - Unique Addresses: 625283.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.50 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Minecraft, one of the world’s most popular video games, has a new plug-in enabling players to place blockchain assets directly into their servers. Built by gaming startup Enjin, EnjinCraft is an open-source blockchain plugin that enables players to spawn assets in the Minecraft Java Edition without the need to write any code. The tool works by dropping the EnjinCraft file into a player’s server “plug-ins” folder, where they can then begin integrating and distributing blockchain assets in the form of tokens. Related: Bitcoin News Roundup for May 28, 2020 The plug-in marks the second release by Enjin for Minecraft after it initially released DonationCraft in 2013 in collaboration with Bukkit. Now downloaded 5.1 million times, DonationCraft allows players to grow their Minecraft servers by creating a server website and donation store. See also: Trust No Dapp: Chainlink Launches Oracle for Provable Randomness The new offering allows server hosts to create their own localized Minecraft economies by providing their players with tangible ownership over in-game items and currencies. It also allows for players to securely trade their assets in peer-to-peer (P2P) fashion through the server or via external chat rooms and digital trading platforms like the Enjin Marketplace. “EnjinCraft is the beginning of a new era for sandbox games. Players now have a tangible stake in their gaming worlds, and server owners can create new kinds of addictive experiences by using branded collectibles and items with scarcity and value in the digital universe,” said Enjin’s co-founder and CTO, Witek Radomski.. Related: Handshake Domains Bring in $10M as Race for Censorship-Resistant Websites Heats Up Enjin has also released an open-source software development kit (SDK) for Java, allowing developers to implement blockchain in Java-based mobile, desktop or web apps. See also: CryptoWars Leaves Loom Sidechain in Pivot to ‘Play-to-Earn,’ Aka Betting The gaming-focused project has been active this year, having launched its development platform on Ethereum in February. The launch enables potentially millions of developers to integrate crypto assets into games and apps without prior knowledge of coding for blockchain. Story continues In April , Enjin announced it would be opening its crypto wallet to Chinese users ahead of a planned expansion into the Asian nation after it sought approval from China’s Ministry of Industry and Information Technology. Related Stories ‘Decentralized ID at All Costs’: Adviser Quits ID2020 Over Blockchain Fixation Bitcoin Transaction Fees Decline as Network Congestion Eases... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9264.81, 9162.92, 9045.39, 9143.58, 9190.85, 9137.99, 9228.33, 9123.41, 9087.30, 9132.49
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:** ['Despite the COVID-19 e-commerce boom, bitcoin is hardly seeing more merchant usage as a transactional currency than it was five years ago. “We’ve been doing this for six years and it’s still very rough around the edges,” said Brian Hoffman, co-founder of OB1, maker of crypto marketplace app Haven and its desktop counterpart, OpenBazaar. The Haven app has logged 30,000 downloads since launching in July 2019. Since there’s a fine line between open commerce and bitcoin -fueled black markets, Hoffman said compliance costs are a chief concern for his startup. Any seller can list any item using the open-source protocol, but only compliant offerings get picked up by OB1’s search engine. Related: Kraken Pledges $150K for Development of Open-Source BTCPay Server “If we were taking a cut of every transaction … are we putting ourselves in a position where we’re a party in illicit activity?” Hoffman said, pondering how the firm’s business model might change in 2020. “We’re very neutral. The technology is just there. We wanted to do a different paradigm for the business.” Although a variety of e-commerce trends are booming during the Great Lockdown, crypto payments remain exceedingly niche. Read more: Bitcoin Usage Among Merchants Is Up, According to Data From Coinbase and BitPay “We’ve seen about half a million dollars [spent] in the last three months for bitcoin, bitcoin cash, and litecoin. The majority is definitely bitcoin,” Hoffman said, whose startup earns money through affiliate marketing and a fraction of revenue from shops that use OB1 products. Related: Bitcoin Still on Track for Quarterly Gains After Drop Toward $9K Now compare that to marketplaces like Shopify , which also allows merchants to accept bitcoin but declined to comment for this story. The e-commerce platform reported $470 million in revenue during the first quarter of 2020, a 47% increase from the previous quarter. Even if we take OB1’s smaller scale into account, the crypto startup’s modest growth doesn’t appear to reflect the broader retail shift. Story continues Merchant adoption among merchants and shoppers is far more comparable to the tiny community of daily active users of decentralized applications (dapps) in the gaming sector. In short, Bitcoin bulls who argue bitcoin is a better retail currency than Ethereum is a developer platform are speculating on future usage rather than current analysis. So, why bitcoin? Since the underlying software is more decentralized than marketplaces like Amazon, OB1 can’t charge all merchants. (That’s a feature, not a bug, considering how Etsy fees gouge smaller merchants . Regardless, Etsy usage is up and the company’s stock price tripled over the past three months.) OB1 laid off 12 employees earlier this year and is now a team of five. “It protects your privacy while doing commerce; you can’t do that on Etsy. The information is on your device (for both sellers and buyers) and doesn’t go anywhere,” Hoffman said. “Now, after the layoffs, we have a refined focus on getting OB1 to be profitable moving forward.” Read more: E-Commerce Giant Shopify Joins Libra Association Sergio Abi-Naked and Dirk Abinakad, founders of the men’s accessories retailer Simply Carbon Fiber, said they started accepting bitcoin a few weeks ago, using the bitcoin payment processor OpenNode. So far no one has used bitcoin during the broader “increase in sales” sparked by the coronavirus crisis. “I see the potential for it in the future, so we wanted to be prepared,” the retail founders, Abi-Naked and Dirk Abinaka, said about bitcoin. “We think this is where payments and e-commerce is going.” It appears the merchants earning bitcoin are often evading censorship or serving niche connoisseurs. Generally speaking, bitcoin usage continues to rise at a modest rate over the past year. According to a spokesperson for payment processor BitPay, volumes increased 10% in Q1 2020 compared to Q4 2019, primarily for computer products and services . This included an average of 98,000 transactions per month, according to the spokesperson. “We saw a resurgence when eBay and Amazon were blocking mask sellers and stuff,” OB1’s Hoffman said. “Now we have new Chinese sellers trying to sell [medical] equipment.” Likewise, OpenNode’s head of growth, Julie Landrum, said the company has seen the most bitcoin payments to merchants selling “luxury, high-value sales across borders” and “high-risk merchants” selling CBD products or erotic materials. Beyond retail, Globeair CEO Bernhard Fragner said his luxury travel company used BitPay to process four bitcoin payments worth $30,000 over the past few weeks. “More people want to fly privately,” Fragner said of the private jets. “We expect to see more payments in bitcoin.” Experimental e-commerce Among smaller businesses, risky merchants are the primary sector where bitcoin is slowly gaining traction. “It’s a little bit harder for those companies to get banking relationships, even though it’s perfectly legal,” Landrum said of high-risk merchants. Many OpenNode customers automatically convert bitcoin to fiat until they are ready to withdraw, she said, to avoid losing value in the meantime from volatility. They can withdraw their earnings in either bitcoin or fiat. Spurred by customer demands, Landrum said OpenNode is applying for a wide range of financial services licensing beyond money transmission. “It could be payroll, paying suppliers or gaming winnings,” Landrum said of prospective payments tools coming to the backend merchant platform. “This supports [merchant] business operations. In some cases, they send us fiat and want us to pay out in bitcoin.” However, she added, licensing is a slow and expensive process. It takes startups months to compliantly shift their strategy to offering the services users want. Read more: Cypherpunk Valentine: Why Shoppers Spend Bitcoin on Lingerie Beyond bitcoin, there are plenty of experiments with natively digital shopping experiences. For example, ChromaWay co-founder Or Perelman said his startup is developing a VR shopping mall demo, where shoppers can use an integrated game wallet to purchase items with crypto in virtual stores. But it’s too soon to say whether people will actually use cryptocurrency this way. Meanwhile, Facebook is doubling down on shopping features, potentially even with its newly rebranded crypto subsidiary, Novi. “I think there are a lot of opportunities with Libra to make the process of commerce and payments helpful – a lot easier,” Facebook CEO Mark Zuckerberg said during the company’s shareholders’ call last month. OB1’s Hoffman said that as of 2020, bitcoin commerce offers an “alternative” to marketplaces like Etsy, especially for small merchants. But the commerce sector of the bitcoin economy isn’t growing at the same pace as mainstream competitors offering corporate brands – even taking the smaller scale into account. “We’re making tons of sales using OpenBazaar,” Hoffman said of the mask and appliance sellers OB1 itself operates. “But if [shoppers] want an iPhone, we’re not there yet.” Related Stories The COVID-19 E-Commerce Boom Hasn’t Trickled Down to Bitcoin, Despite Advantages The COVID-19 E-Commerce Boom Hasn’t Trickled Down to Bitcoin, Despite Advantages', 'Despite the COVID-19 e-commerce boom, bitcoin is hardly seeing more merchant usage as a transactional currency than it was five years ago.\n“We’ve been doing this for six years and it’s still very rough around the edges,” said Brian Hoffman, co-founder of OB1, maker of crypto marketplace app Haven and its desktop counterpart, OpenBazaar.\nThe Haven app has logged 30,000 downloads since launching in July 2019. Since there’s a fine line between open commerce andbitcoin-fueled black markets, Hoffman said compliance costs are a chief concern for his startup. Any seller can list any item using the open-source protocol, but only compliant offerings get picked up by OB1’s search engine.\nRelated:Kraken Pledges $150K for Development of Open-Source BTCPay Server\n“If we were taking a cut of every transaction … are we putting ourselves in a position where we’re a party in illicit activity?” Hoffman said, pondering how the firm’s business model might change in 2020. “We’re very neutral. The technology is just there. We wanted to do a different paradigm for the business.”\nAlthough a variety of e-commerce trends are booming during the Great Lockdown, crypto payments remain exceedingly niche.\nRead more:Bitcoin Usage Among Merchants Is Up, According to Data From Coinbase and BitPay\n“We’ve seen about half a million dollars [spent] in the last three months for bitcoin, bitcoin cash, and litecoin. The majority is definitely bitcoin,” Hoffman said, whose startup earns money through affiliate marketing and a fraction of revenue from shops that use OB1 products.\nRelated:Bitcoin Still on Track for Quarterly Gains After Drop Toward $9K\nNow compare that to marketplaces likeShopify, which also allows merchants to accept bitcoin but declined to comment for this story. The e-commerce platformreported$470 million in revenue during the first quarter of 2020, a 47% increase from the previous quarter. Even if we take OB1’s smaller scale into account, the crypto startup’s modest growth doesn’t appear to reflect the broader retail shift.\nMerchant adoption among merchants and shoppers is far more comparable to the tiny community of daily active users ofdecentralized applications (dapps)in the gaming sector. In short, Bitcoin bulls who argue bitcoin is a better retail currency than Ethereum is a developer platform are speculating on future usage rather than current analysis.\nSince the underlying software is more decentralized than marketplaces like Amazon, OB1 can’t charge all merchants. (That’s a feature, not a bug, considering how Etsy fees gougesmaller merchants. Regardless, Etsy usage is up and the company’sstock price tripledover the past three months.) OB1 laid off 12 employees earlier this year and is now a team **Last 60 Days of Bitcoin's Closing Prices:** [7679.87, 7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85, 9771.49, 9795.70, 9870.09, 9321.78, 9480.84, 9475.28, 9386.79, 9450.70, 9538.02, 9480.25, 9411.84, 9288.02, 9332.34, 9303.63, 9648.72, 9629.66, 9313.61] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-06-25 **Financial & Commodity Data:** - Gold Closing Price: $1762.10 - Crude Oil Closing Price: $38.72 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $169,855,273,097 - Hash Rate: 110637609.259863 - Transaction Count: 312183.0 - Unique Addresses: 631260.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.43 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Handshake set out to disrupt the World Wide Web of internet names. Now it’s looking to reinvent browsing. Today, as the Handshake Network records its 1 millionth transaction, HandyBrowser will go live . It’s a dedicated way to access the uncensorable internet ecosystem made possible through the distributed Handshake Network, as well as anything else you would normally search for. “This is a pivotal moment for Handshake, much like the advent of Web3 tech in general,” Steven McKie, HandyBrowser’s technical manager and CEO of Amentum, said in a phone call. After building the peer-to-peer Handshake network as a labor of love with two partners, lead developer Alex Smith and quality-assurance specialist Thomas Costanzo, McKie hopes to entice peers, developers and investors. Related: With Arweave's 'Lazy' Approach to Smart Contracts, Its Version of Web3 Does More See also: The Domain Startups Building an Uncensorable Internet on Top of Ethereum “We just want folks to geek out on it,” McKie said, adding this private and uncensorable web browser is an “if you build it, they will come”-type bet on the future. Under development for over two years, Handshake minimizes the role of centralized authorities in the internet’s basic infrastructure. The much-anticipated protocol garnered significant buzz at launch in February, though remained more of a hobbyist pursuit. HandyBrowser is aimed at all-comers, who don’t necessarily want to know what’s driving the car, only that the car gets from A to B safely. Built using NW.js and Chromium , the browser runs a full Handshake node and light client to enable access to Handshake-compatible sites and the traditional web. In doing so, it strengthens the Handshake protocol and disintermediates the centralized players in web browsing. Related: Bitcoin News Roundup for May 28, 2020 “Without all the bloat of the modern web, the internet is even better,” McKie said. “Every site you know and love will load more quickly.” Story continues Revolutionizing web browsing is one of blockchain’s most championed use cases, and has attracted competing players with varying levels of success. Namecoin, an early fork of Bitcoin, tried to turn web search into a type of transaction . It saw little traction. Meanwhile, the Brave browser, which rewards users for their attention, now has 13.5 million monthly users. Even IBM filed a patent to get in on the game. When asked if HandyBrowser is looking to outcompete Chrome , Opera or Brave , McKie said it’s more like “co-opertition,” a portmanteau of cooperation and competition. The browser can serve simply as a redundant mirror to the internet, but also can be forked and modified to suit the dominant players. Revolutionizing web browsing is one of blockchain’s most championed use cases. “I use Chrome and Brave. If Handshake makes parts of those better? Awesome. That just means the web is better. We’ve done our part. If Handshake becomes a default browser that the open-source community embraces, cool. Or if it doesn’t happen and it becomes a reference as a proof-of-concept, that’s also fine,” McKie said. In this sense, McKie has not added monetizing features to this Web3 product, but said it’s open for other developers to integrate as they wish. This follows Handshake’s long-standing dedication to decentralization, open source and fair-play initiatives. After raising $10.2 million from Silicon Valley notables including the Founders Fund, Polychain Capital and Draper Associates, the project airdropped a stash of pre-mined coins to open-source developers working on the project. What’s in a name? The Handshake protocol is a decentralized system to reroute web traffic and provide true ownership over websites and domain names. It works by creating an alternative to the internet’s naming convention, the Domain Name System (DNS). Often called the internet’s phonebook, the DNS is really more like a telephone operator that connects human-legible names to their machine-friendly counterparts. Using a network of servers, the DNS “translates” a URL, like CoinDesk.com, into its standardized IP address, like 52.85.84.3. This is critical, as anyone who’s tried to memorize their alphanumerical wallet address knows: human beings aren’t equipped to keep a string of numbers in their heads. See also: Handshake Exchange Sees $10M in Token Trades as Race for Censorship-Resistant Websites Heats Up Like most of the current internet infrastructure, the DNS is maintained by a few centralized organizations and companies. Chief among them is the Internet Corporation for Assigned Names and Numbers (ICANN), which administers top-level domains (TLD) – or addresses ending in .com and .org. Handshake partially dismantles this DNS hierarchy. Instead of having to trust ICANN with the responsibility to maintain all TLDs, Handshake records the ownership and location of websites on a blockchain. Users bid on their website names in an auction, using the native HNS token, and register them under a public key on the distributed Handshake network. Shake on it Importantly, Handshake isn’t trying to replace the current DNS but supplement it with something more secure and private. To this end, Handshake reserved the Alexa Top 100,000, (the most popular domains) to prevent whales from coming in to squat on them. McKie said ICANN controls those keys, and the keys to any .com and .net site on the Handshake DNS. (Whether they claim them is an open question, though Handshake will offer an HNS reward if they claim their sites on-chain.) The protocol went live for miners in early February and began allowing domain name auctions two weeks later. The system worked as promised, said McKie. A number of people have built websites and registered over 125,000 open domains on the system, including hobbyists just saying “hello world” to fellow travelers, as well as someone partaking in the age-old web tradition of claiming they were here first. Still, access to these sites was a technical affair. To access Handshake sites, people needed to manually reset their DNS resolvers to Handshake, rather than the traditional IP system. Either that, or run a full node. With a native browser, this friction is eliminated. “For the Handshake protocol there seems to be a huge vacuum in resolving handshake TLDs. By that I mean a lot of users aren’t tech-savvy and wouldn’t want to run nodes but would love to own domains and browse other Handshake domains,” Joseph Peculiar, Lead Blockchain Engineer at Yellowcard Financial and an early HandyBrowser user, said. Although HandyBrowser may eventually compete with browsing top-dogs like Chrome, Safari and Opera, it also leverages these systems. “Handshake is designed to be backwards compatible with the existing web and ICANN root when a name isn’t present on Handshake DNS,” McKie said. “You can go to any legacy site.” See also: The Internet Is a Right, Not a Luxury: 30% of Americans Still Don’t Have It It’s this feature, ahead of any possible Handy-chrome-flippening event, that actually proves Handy’s utility already. While censorship isn’t a looming threat in most Western countries, the Freedom on the Net foundation has found over the past two years, authoritarian regimes are increasingly censoring the web and extending their reach over an open internet. Part of Handshake’s promise is that if a website is inaccessible in a particular country, it will remain accessible as a “redundant mirror.” While only a few businesses – including Brave and Bitcoin.com – have claimed their Handshake names, McKie said the system’s monetary incentives may lead to “people slowly opting in.” And if enough do, Handshake would not only be “an alternative to the internet, but the trusted alternative,” he said, and ultimately make the internet a more stable environment. “It’s an organic emergent adoption overtime – just like Bitcoin. You can’t deny it when it works for so long, or so well, especially out of the box,” McKie said. Launch As with most beta launches, HandyBrowser is currently missing certain conveniences internet users have grown accustomed to, including tab management and certain hotkeys. “It’s a continual work in-progress to build a reference client people will love,” McKie said. In a bid to attract users, the HandyBrowser team is thinking about building some native Skype-like videoconferencing and messaging tools “to replace many of those centralized middlemen that exist for those services.” But it’s ultimately an experiment in proving useability. Success under this method ranges from enticing a few crypto-curious web developers to contribute a little code, to convincing Google to begin resolving Handshake names behind 8.8.8.8 or CloudFlare’s behind 1.1.1.1. “As long as the web gets better, and Handshake is part of the equation, that’s all that matters,” McKie said. Related Stories Handshake Goes Live With an Uncensorable Internet Browser Handshake Goes Live With an Uncensorable Internet Browser... - 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.
9162.92, 9045.39, 9143.58, 9190.85, 9137.99, 9228.33, 9123.41, 9087.30, 9132.49, 9073.94
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 number three decentralized finance (DeFi) application, Synthetix, is also enjoying the current boom times in bankless banking. (Warning: This post is going to go a lot of places, so buckle in.) Synthetix is a platform for minting and exchanging synthetic tokens that mirror the price of other assets. On June 19, Synthetix joined the Ren Project and BitGo in creating a pool of bitcoin-backed tokens, for smooth liquidity between three crypto products that should be all but interchangeable. Plus, each of the DeFi platforms is promising token rewards in order to get more participation in the pool. Related: DeFi Platform Opyn Launches Put Options on Compound Token This pool of sBTC, renBTC and WBTC lives on Curve , an automated market maker that has extremely low price slippage thanks in part to its specialization in stablecoins. Note: The three versions of BTC are distinct. WBTC is minted by BitGo, which serves as a centralized custodian; renBTC is minted with a trustless smart contract; and sBTC never touches BTC \x96 it is synthetic, backed by an 800% collateralization of Synthetix Network Token (SNX). The promotion will run till Sept. 28. And though it started on June 19 , the hockey stick growth on Synthetix only got going on June 22. In short, Synthetix appears to have successfully attracted the itinerant and growing horde of yield farmers , each doing their best to outrun the coming DeFi dust bowl. Related: Market Wrap: Bitcoin Tests $9K as Market Struggles With Uncertainty Read more: Some Numbers That Show Why Yield Farming COMP Is So Seductive There are many incentives to joining the pool on Curve. Participants will split up a weekly award of 10,000 SNX and 25,000 REN, plus BAL from a liquidity pool of REN and SNX that the two teams made. Users also get promises for CRV, the forthcoming governance token from Curve. The new interest in Synthetix has strengthened its position relative to Compound and MakerDAO, the top two DeFi protocols. Synthetix has never previously had more than $200 million in assets on the application. As of this writing, it has an all-time high of $263 million, according to DeFi Pulse . Story continues That said, it\x92s unclear how much of that is due to this specific promotion. SNX is the asset one stakes to use Synthetix, and its price is at $1.88 as of this writing, up from $1.15 before the promotion began. \x93I think there is a general surge in DeFi awareness and this new incentive taps into a number of aspects of it. BTC on ETH, yield farming and AMMs,\x94 Kain Warwick, founder of Synthetix, told CoinDesk via email. \x93So I think they are probably somewhat related but it is always hard to pinpoint a specific reason for a sudden spike in project awareness.\x94 Read more: RenBTC Quietly Goes Live in Latest Bid to Bring Bitcoin to Ethereum The promotion has also benefited Ren, whose renBTC token went live on May 22 . \x93We\x92ve seen a large growth in volume on Ren this week,\x94 Ren CEO Taiyang Zhang told CoinDesk in an email. \x93Since launch a few weeks ago we\x92ve had $19 million volume flow through RenVM and over $8 million locked up now. $15 million in volume is from the last week, with users mostly tokenizing BTC.\x94 The promotion is not the whole story for Ren, however; DeFi is experiencing a rising tide moment . \x93Seems like COMP mining created a large demand for WBTC and renBTC is the easiest on-ramp into it via the Curve pool,\x94 Zhang added. Users just need to deposit any of the three Ethereum-based versions of BTC onto Curve\x92s BTC pool, and then account for their contribution on Synthetix. The new pool currently shows a daily USD volume of $774,577 or 83.18 BTC. \x93This pool does a great deal of stabilizing sBTC price which is very valuable for Synthetix, as well as makes it possible to enter the Synthetix ecosystem right from Bitcoin \x96 very valuable for both REN and Synthetix,\x94 Michael Egorov of Swiss Stake, the company behind Curve, explained to CoinDesk in an email. Related Stories Trio of Bitcoin Tokens Lures DeFi Yield Farmers to New Pastures Trio of Bitcoin Tokens Lures DeFi Yield Farmers to New Pastures', 'The number three decentralized finance (DeFi) application, Synthetix, is also enjoying the current boom times in bankless banking.\n(Warning: This post is going to go a lot of places, so buckle in.)\nSynthetix is a platform for minting and exchanging synthetic tokens that mirror the price of other assets. On June 19, Synthetix joined the Ren Project and BitGo in creating a pool of bitcoin-backed tokens, for smooth liquidity between three crypto products that should be all but interchangeable. Plus, each of the DeFi platforms is promising token rewards in order to get more participation in the pool.\nRelated:DeFi Platform Opyn Launches Put Options on Compound Token\nThis pool of sBTC, renBTC and WBTClives on Curve, an automated market maker that has extremely low price slippage thanks in part to its specialization in stablecoins.\nNote: The three versions ofBTCare distinct. WBTC is minted by BitGo, which serves as a centralized custodian; renBTC is minted with a trustless smart contract; and sBTC never touches BTC – it is synthetic, backed by an 800% collateralization of Synthetix Network Token (SNX).\nThe promotion will run till Sept. 28. And though it startedon June 19, the hockey stick growth on Synthetix only got going on June 22.\nIn short, Synthetix appears to have successfully attracted the itinerant and growing horde ofyield farmers, each doing their best to outrun the coming DeFi dust bowl.\nRelated:Market Wrap: Bitcoin Tests $9K as Market Struggles With Uncertainty\nRead more:Some Numbers That Show Why Yield Farming COMP Is So Seductive\nThere are many incentives to joining the pool on Curve. Participants will split up a weekly award of 10,000 SNX and 25,000 REN, plus BAL from a liquidity pool of REN and SNX that the two teams made. Users also get promises for CRV, the forthcoming governance token from Curve.\nThe new interest in Synthetix has strengthened its position relative to Compound and MakerDAO, the top two DeFi protocols. Synthetix has never previously had more than $200 million in assets on the application. As of this writing, it has an all-time high of $263 million,according to DeFi Pulse.\nThat said, it’s unclear how much of that is due to this specific promotion. SNX is the asset one stakes to use Synthetix, and its price is at$1.88as of this writing, up from $1.15 before the promotion began.\n“I think there is a general surge in DeFi awareness and this new incentive taps into a number of aspects of it. BTC on ETH, yield farming and AMMs,” Kain Warwick, founder of Synthetix, told CoinDesk via email. “So I think they are probably somewhat related but it is always hard to pinpoint a specific reason for a sudden spike in project awareness.”\nRead more:RenBTC Quietly Goes Live in Latest Bid to Bring Bitcoin to Ethereum\nThe promotion has also benefited Ren, whose renBTC token went liveon May 22.\n“We’ve seen a large growth in volume on Ren this week,” Ren CEO Taiyang Zhang told CoinDesk in an email. “Since launch a few weeks ago we’ve had $19 million volume flow through RenVM and over $8 million locked up now. $15 million in volume is from the last week, with users mostly tokenizing BTC.”\nThe promotion is not the whole story for Ren, however; DeFi is experiencinga rising tide moment.\n“Seems like COMP mining created a large demand for WBTC and renBTC is the easiest on-ramp into it via the Curve pool,” Zhang added.\nUsers just need to deposit any of the three Ethereum-based versions of BTC onto Curve’s BTC pool, and then account for their contribution on Synthetix. The new pool currently shows a daily USD volume of $774,577 or 83.18 BTC.\n“This pool does a great deal of stabilizing sBTC price which is very valuable for Synthetix, as well as makes it possible to enter the Synthetix ecosystem right from Bitcoin – very valuable for both REN and Synthetix,” Michael Egorov of Swiss Stake, the company behind Curve, explained to CoinDesk in an email.\n• Trio of Bitcoin Tokens Lures DeFi Yield Farmers to New Pastures\n• Trio of Bitcoin Tokens Lures DeFi Yield Farmers to New Pastures', 'The number three decentralized finance (DeFi) application, Synthetix, is also enjoying the current boom times in bankless banking.\n(Warning: This post is going to go a lot of places, so buckle in.)\nSynthetix is a platform for minting and exchanging synthetic tokens that mirror the price of other assets. On June 19, Synthetix joined the Ren Project and BitGo in creating a pool of bitcoin-backed tokens, for smooth liquidity between three crypto products that should be all but interchangeable. Plus, each of the DeFi platforms is promising token rewards in order to get more participation in the pool.\nRelated:DeFi Platform Opyn Launches Put Options on Compound Token\nThis pool of sBTC, renBTC and WBTClives on Curve, an automated market maker that has extremely low price slippage thanks in part to its specialization in stablecoins.\nNote: The three versions ofBTCare distinct. WBTC is minted by BitGo, which serves as a centralized custodian; renBTC is minted with a trustless smart contract; and sBTC never touches BTC – it is synthetic, backed by an 800% collateralization of Synthetix Network Token (SNX).\nThe promotion will run till Sept. 28. And though it startedon June 19, the hockey stick growth on Synthetix only got going on June 22.\nIn short, Synthetix appears to have successfully attracted the itinerant and growing horde ofyield farmers, each doing their best to outrun the coming DeFi dust bowl.\nRelated:Market Wrap: Bitcoin Tests $9K as Market Struggles With Uncertainty\nRead more:Some Numbers That Show Why Yield Farming COMP Is So Seductive\nThere are many incentives to joining the pool on Curve. Participants will split up a weekly award of 10,000 SNX and 25,000 REN, plus BAL from a liquidity pool of REN and SNX that the two teams made. User **Last 60 Days of Bitcoin's Closing Prices:** [7795.60, 7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85, 9771.49, 9795.70, 9870.09, 9321.78, 9480.84, 9475.28, 9386.79, 9450.70, 9538.02, 9480.25, 9411.84, 9288.02, 9332.34, 9303.63, 9648.72, 9629.66, 9313.61, 9264.81] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-06-26 **Financial & Commodity Data:** - Gold Closing Price: $1772.50 - Crude Oil Closing Price: $38.49 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $169,855,273,097 - Hash Rate: 128684878.855444 - Transaction Count: 330381.0 - Unique Addresses: 646111.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.40 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: The head of Venezuela’s cryptocurrency initiative, the petro, is wanted by the U.S government on charges of corruption and links to the narcotics trade. Immigration and Customs Enforcement (ICE)addedJoselit Ramirez Camacho to its Most Wanted List on Monday, accusing him of a number of violations related to international commerce and his alleged involvement in the international drug trafficking scene. Ramirez Camacho is a public official and serves as the superintendent for Venezuela’s petro initiative, a cryptocurrency supposedly backed by the country’s oil and mineral reserves. The superintendent is wanted by ICE’s Homeland Security Investigations (HSI) arm for violating the International Emergency Economic Powers Act and the Kingpin Act, and for breaking a series of sanctions imposed by the Treasury Department. ICE is offering up to $5 million for any information that leads to his arrest and conviction. Ramirez Camacho is “accused of having deep political, social and economic ties to multiple alleged narcotics kingpins, including Tareck EI Aissami,” a former vice president of Venezuela who is alsowantedby ICE on charges of money laundering and an alleged role in international narcotics trafficking. See also:Venezuela’s Maduro Says He Will Airdrop Half a Petro Each to Public Employees, Retirees Related:US Offers $5M Bounty for Arrest of Venezuela’s Crypto Chief If arrested, Ramirez Camacho will be sent to the U.S. and tried in the Southern District of New York. Geoffrey Berman, district attorney, of New York,accused himlast month of being part of a corrupt group of high-ranking Venezuelan officials – including President Nicolas Maduro – running a “narco-terrorism partnership” intent on flooding “the United States with cocaine in order to undermine the health and wellbeing of our nation.” • Crypto Scams Targeting Pacific Communities on the Rise, Say New Zealand Regulators • Bitcoin in Emerging Markets: Latin America... - 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.
9045.39, 9143.58, 9190.85, 9137.99, 9228.33, 9123.41, 9087.30, 9132.49, 9073.94, 9375.47
You are an expert financial analyst. Your primary task is to 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 0.91% on Friday. Following on from a 0.52% decline on Thursday, Bitcoin ended the day at $9,173.1. A bullish start to the day saw Bitcoin rise to an early morning intraday high $9,299.0 before hitting reverse. Falling short of the first major support level at $9,400.33, Bitcoin slid to an early afternoon intraday low $9,054.1. Finding support at the first major support level at $9,062.33, Bitcoin briefly recovered to $9,200 levels before easing back. The near-term bullish trend remained intact in spite of the recent pullback to sub-$9,300 levels. Bitcoin continues to hold above the 23.6% FIB of $8,900. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Friday. EOS (+0.06%), Litecoin (+1.73%), and Ripple’s XRP (+0.63%) bucked the trend on the day. It was a bearish day for the rest of the majors, however. Bitcoin Cash SV and Tezos slid by 2.51% and 3.57% respectively to lead the way down. Bitcoin Cash ABC (-1.59%), Cardano’s ADA (-1.31%), and Ethereum (-1.11%) also saw relatively heavy losses. Binance Coin (-0.82%), Monero’s XMR (-0.44%), Stellar’s Lumen (-0.47%), and Tron’s TRX (-0.02%) saw modest losses on the day. Through the current week, the crypto total market cap rose to a Monday high $272.54bn before falling to a Thursday low $251.99bn. At the time of writing, the total market cap stood at $255.72bn. Bitcoin’s dominance jumped to a Monday high 66.24% before sliding to a Wednesday low 65.52%. At the time of writing, Bitcoin’s dominance stood at 65.76%. This Morning At the time of writing, Bitcoin was down by 0.21% to $9,154.2. A bearish start to the day saw Bitcoin fall from an early morning high $9,179.9 to a low $9,130.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day for the majors. Story continues Bitcoin Cash SV and Ripple’s XRP bucked the trend early on, rising by 0.59% and by 0.04% respectively. It was a bearish start for the rest of the majors, however. Stellar’s Lumen and Tezos were down by 1.17% and by 0.93% to lead the way down early on. For the Bitcoin Day Ahead Bitcoin would move through the $9,175 pivot to support a run at the first major resistance level at $9,296.7. Support from the broader market would be needed, however, for Bitcoin to break out from $9,200 levels. Barring another extended crypto rally, the first major resistance level and Friday’s high $9,299.0 would likely cap any upside. In the event of a crypto breakout, Bitcoin could test the second major resistance level at $9,240.3. Failure to move through the $9,175 pivot level could see Bitcoin struggle later in the day. A fall back through to sub-$9,100 levels would bring the first major support level at $9,051.8 into play. In the event of another extended crypto sell-off, the second major support level at $8,930.5 and 23.6% FIB of $8,900 could come into play. This article was originally posted on FX Empire More From FXEMPIRE: European Equities: A Week in Review – 27/06/20 Asia-Pacific Markets: Hong Kong Down Ahead of New US Sanctions on China; Australia’s Quantas Plunges Over 9% E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Testing Major Fib Level at 25107 S&P 500 Price Forecast -Stock Markets Continue to Test Major Level Unilever Latest Advertiser to Jump Ship on Facebook, Twitter Amid ‘Polarized Atmosphere’ in US Natural Gas Weekly Price Forecast – Natural Gas Markets Testing Major Support Level', 'Bitcoin fell by 0.91% on Friday. Following on from a 0.52% decline on Thursday, Bitcoin ended the day at $9,173.1. A bullish start to the day saw Bitcoin rise to an early morning intraday high $9,299.0 before hitting reverse. Falling short of the first major support level at $9,400.33, Bitcoin slid to an early afternoon intraday low $9,054.1. Finding support at the first major support level at $9,062.33, Bitcoin briefly recovered to $9,200 levels before easing back. The near-term bullish trend remained intact in spite of the recent pullback to sub-$9,300 levels. Bitcoin continues to hold above the 23.6% FIB of $8,900. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Friday. EOS (+0.06%), Litecoin (+1.73%), and Ripple’s XRP (+0.63%) bucked the trend on the day. It was a bearish day for the rest of the majors, however. Bitcoin Cash SV and Tezos slid by 2.51% and 3.57% respectively to lead the way down. Bitcoin Cash ABC (-1.59%), Cardano’s ADA (-1.31%), and Ethereum (-1.11%) also saw relatively heavy losses. Binance Coin (-0.82%), Monero’s XMR (-0.44%), Stellar’s Lumen (-0.47%), and Tron’s TRX (-0.02%) saw modest losses on the day. Through the current week, the crypto total market cap rose to a Monday high $272.54bn before falling to a Thursday low $251.99bn. At the time of writing, the total market cap stood at $255.72bn. Bitcoin’s dominance jumped to a Monday high 66.24% before sliding to a Wednesday low 65.52%. At the time of writing, Bitcoin’s dominance stood at 65.76%. This Morning At the time of writing, Bitcoin was down by 0.21% to $9,154.2. A bearish start to the day saw Bitcoin fall from an early morning high $9,179.9 to a low $9,130.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day for the majors. Story continues Bitcoin Cash SV and Ripple’s XRP bucked the trend early on, rising by 0.59% and by 0.04% respectively. It was a bearish start for the rest of the majors, however. Stellar’s Lumen and Tezos were down by 1.17% and by 0.93% to lead the way down early on. For the Bitcoin Day Ahead Bitcoin would move through the $9,175 pivot to support a run at the first major resistance level at $9,296.7. Support from the broader market would be needed, however, for Bitcoin to break out from $9,200 levels. Barring another extended crypto rally, the first major resistance level and Friday’s high $9,299.0 would likely cap any upside. In the event of a crypto breakout, Bitcoin could test the second major resistance level at $9,240.3. Failure to move through the $9,175 pivot level could see Bitcoin struggle later in the day. A fall back through to sub-$9,100 levels would bring the first major support level at $9,051.8 into play. In the event of another extended crypto sell-off, the second major support level at $8,930.5 and 23.6% FIB of $8,900 could come into play. This article was originally posted on FX Empire More From FXEMPIRE: European Equities: A Week in Review – 27/06/20 Asia-Pacific Markets: Hong Kong Down Ahead of New US Sanctions on China; Australia’s Quantas Plunges Over 9% E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Testing Major Fib Level at 25107 S&P 500 Price Forecast -Stock Markets Continue to Test Major Level Unilever Latest Advertiser to Jump Ship on Facebook, Twitter Amid ‘Polarized Atmosphere’ in US Natural Gas Weekly Price Forecast – Natural Gas Markets Testing Major Support Level', 'As states shutter economic activity because of preventable COVID-19 outbreaks, it’s deja vu all over again.\nFormore episodesand free early access before our regular 3 p.m. Eastern time releases, subscribe withApple Podcasts,Spotify,Pocketcasts,Google Podcasts,Castbox,Stitcher,RadioPublica,iHeartRadioorRSS.\nThis episode is sponsored byBitstampandCiphertrace.\nRelated:Bitcoin News Roundup for June 29, 2020\nThis is a movie we’ve seen before:\n• Rise in what could have been preventable COVID-19 cases\n• A call for shutdowns (plus voluntary closures)\n• Rampant politicization of health and economic issues rather than common sense approaches\n• Persistent jobless claims plus new layoffs\n• Wall Street nerves turning into new Federal Reserve and Treasury action\nRinse, repeat, economy!\nSee also:The Chad Index Versus Doomer Internet Money: The Breakdown Weekly Recap\nMonday |Macro Investors Sound Off! Featuring Ari Paul, Spencer Bogart and David Nage\n• Some of the smartest investors in the crypto space share how they think the larger macro context is shaping interest inbitcoinand digital assets.\nRelated:How Monopolies Sow the Seeds of Their Own Destruction, Feat. Tuur Demeester\nTuesday |Oil 101: How Easy Money Enabled the Shale Revolution, Feat. Tracy Shuchart\n• An oil and commodities expert breaks down how the shale revolution reshaped global energy power and why oil went below $0 earlier this year.\nWednesday |Bull vs. Bear: Who Has the Economy Right?\n• From markets to real estate to the dollar to retail, the data on whether the market is recovering or not is hella confused.\nThursday |Is Scam Selling Suppressing the Price of Bitcoin?\n• Scam selling, a big win for privacy from Apple, new jobless claims in the “whack-a-mole” economy and the biggest BTC options expiry ever.\nFriday |How Monopolies Sow the Seeds of Their Own Destruction, Feat. Tuur Demeester\n• The managing partner of Adamant Capital joins for a conversation about what the Protestant Reformation and the French Revolution can teach us about bitcoin.\nFormore episodesand free early access before our regular 3 p.m. Eastern time releases, subscribe withApple Podcasts,Spotify,Pocketcasts,Google Podcasts,Castbox,Stitcher,RadioPublica,iHeartRadioorRSS.\n• Welcome to the Groundhog Day Economy (PS, It Sucks)\n• Welcome to the Groundhog Day Economy (PS, It Sucks)', 'As states shutter economic activity because of preventable COVID-19 outbreaks, it’s deja vu all over again. For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts , Spotify , Pocketcasts , Google Podcasts , Castbox , Stitcher , RadioPublica , iHeartRadio or RSS . This episode is sponsored by Bitstamp and Ciphertrace . Related: Bitcoin News Roundup for June 29, 2020 This is a movie we’ve seen befor **Last 60 Days of Bitcoin's Closing Prices:** [7807.06, 8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85, 9771.49, 9795.70, 9870.09, 9321.78, 9480.84, 9475.28, 9386.79, 9450.70, 9538.02, 9480.25, 9411.84, 9288.02, 9332.34, 9303.63, 9648.72, 9629.66, 9313.61, 9264.81, 9162.92] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-06-27 **Financial & Commodity Data:** - Gold Closing Price: $1772.50 - Crude Oil Closing Price: $38.49 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $167,997,907,438 - Hash Rate: 108283617.573483 - Transaction Count: 275489.0 - Unique Addresses: 546558.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.43 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: There is unfortunately a lack of meaningful price action to report on in terms of XRP’s chart this week, with it continuing to stagnate around the $0.20 mark. It has now remained in a tight range since May 9 when it slumped to a low of $0.175 before bouncing back to the upside. The lack of movement in price is reiterated by a relative lack of trade volume across all major exchanges, with just $1.05 billion being traded over the past 24-hours compared to May’s daily high of more than $3 billion. Levels of support and resistance remain the same for XRP, with $0.2279 remaining a key point of resistance to the upside while $0.183 should prop price up in the event of a sell-off. However, undoubtedly the most important indicator to keep an eye on is the daily 200 moving average, which is now residing at $0.2137. XRP has traded above the daily 200MA for just three weeks out of the past 12 months as it continues its seemingly never-ending downtrend, which means a break above this level could indicate a long-awaited bullish reversal. If a breakout can be achieved XRP is expected to reach upside price targets of both $0.296 and $0.347, the latter of which is important as it remains the yearly high. From a macro perspective breaking above the yearly high would form a higher lower for the first time in more than one year, which could bring around higher targets of up to $0.50 For more news, guides and cryptocurrency analysis, click here . Latest Ripple price Current live XRP price information and interactive charts are available on our site 24 hours a day. The ticker bar at the bottom of every page on our site has the latest Ripple price. Pricing is also available in a range of different currency equivalents: US Dollar – XRPtoUSD British Pound Sterling – XRPtoGBP Japanese Yen – XRPtoJPY Euro – XRPtoEUR Australian Dollar – XRPtoAUD Russian Rouble – XRPtoRUB Bitcoin – XRPtoBTC About Ripple (XRP) Ripple is a real-time gross settlement system (RTGS) developed by the Ripple company. It is also referred to as the Ripple Transaction Protocol (RTXP) or Ripple protocol. It can trace its roots to 2004 when a web developer called Ryan Fugger had the idea to create a monetary system that was decentralised and could effectively allow individuals to create their own money. Story continues Ripple is one of the largest cryptocurrencies and is one of the top 10 cryptocurrencies by market capitalisation. More Ripple news and information If you want to find out more information about Ripple or cryptocurrencies in general, then use the search box at the top of this page. Here’s a recent article to get you started: https://coinrivet.com/ripple-ceo-brad-garlinghouse-hits-back-at-critics-xrp-is-not-a-security/ As with any investment, it pays to do some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. This page is not recommending a particular currency or whether you should invest or not.... - Reddit Posts (Sample): 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.
9143.58, 9190.85, 9137.99, 9228.33, 9123.41, 9087.30, 9132.49, 9073.94, 9375.47, 9252.28
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Bitcoin fell by 1.72% on Saturday. Following on from a 0.91% decline on Friday, Bitcoin ended the day at $9,015.3. It was a mixed start to the day for Bitcoin. In the early hours, Bitcoin dipped to a low $9,120.0 before rising to a mid-morning intraday high $9,202.5. Falling short of the first major resistance level at $9,296.7, Bitcoin tumbled to a late intraday low $8,855.0. The sell-off saw Bitcoin fall through the first major support level at $9,051.8 and second major support level at $8,930.5. Finding late support, Bitcoin moved back through the second major support level to wrap up the day at $9,000 levels. The 23.6% FIB of $8,900 had limited the downside on the day. The near-term bullish trend remained intact in spite of the recent pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was also a bearish day on Saturday. Bitcoin Cash SV (-8.25%), EOS (-6.01%), and Tezos (-6.81%) led the way down. Binance Coin (-4.00%), Bitcoin Cash ABC (-5.85%), Litecoin (-4.67%), Ripple’s XRP (-4.14%), and Stellar’s Lumen (-5.73%) also saw deep red. Cardano’s ADA (-3.86%), Ethereum (-3.79%), Monero’s XMR (-3.59%), and Tron’s TRX (-1.97%) saw relatively modest losses on the day. Through the current week, the crypto total market cap rose to a Monday high $272.54bn before falling to a Saturday low $245.07bn. At the time of writing, the total market cap stood at $248.82bn. Bitcoin’s dominance slid to a Wednesday low 65.52% before jumping to a Saturday high 66.68%. At the time of writing, Bitcoin’s dominance stood at 66.30%. This Morning At the time of writing, Bitcoin was down by 0.42% to $8,977.0. A bearish start to the day saw Bitcoin fall from an early morning high $9,016.0 to a low $8,970.2. 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 broader market. Bitcoin Cash SV (-1.02%), Stellar’s Lumen (-1.66%), Tezos (-1.03%), and Tron’s TRX (-1.18%) led the way down early on. For the Bitcoin Day Ahead Bitcoin would move through the $9,025 pivot to support a run at the first major resistance level at $9,193.53. Support from the broader market would be needed, however, for Bitcoin to break out from $9,100 levels. Barring an extended crypto rebound, the first major resistance level and Saturday’s high $9,202.5 would likely cap any upside. In the event of a crypto breakout, Bitcoin could test the second major resistance level at $9,371.77. Failure to move through the $9,025 pivot level could see Bitcoin struggle later in the day. A fall back through the 23.6% FIB of $8,900 would bring the first major support level at $8,846.03 into play. In the event of another extended crypto sell-off, the second major support level at $8,676.77 may be tested. This article was originally posted on FX Empire More From FXEMPIRE: Unilever Latest Advertiser to Jump Ship on Facebook, Twitter Amid ‘Polarized Atmosphere’ in US European Equities: A Week in Review – 27/06/20 EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – June 27th, 2020 Crude Oil Price Update – Closed in Position to Challenge Major 50% Level Support at $37.50 Natural Gas Price Prediction – Prices Slip but are Poised to Test Lower Levels US Stock Market Overview – Stocks Drop Led by Financials Following Fed Stress Test', 'Bitcoin fell by 1.72% on Saturday. Following on from a 0.91% decline on Friday, Bitcoin ended the day at $9,015.3. It was a mixed start to the day for Bitcoin. In the early hours, Bitcoin dipped to a low $9,120.0 before rising to a mid-morning intraday high $9,202.5. Falling short of the first major resistance level at $9,296.7, Bitcoin tumbled to a late intraday low $8,855.0. The sell-off saw Bitcoin fall through the first major support level at $9,051.8 and second major support level at $8,930.5. Finding late support, Bitcoin moved back through the second major support level to wrap up the day at $9,000 levels. The 23.6% FIB of $8,900 had limited the downside on the day. The near-term bullish trend remained intact in spite of the recent pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was also a bearish day on Saturday. Bitcoin Cash SV (-8.25%), EOS (-6.01%), and Tezos (-6.81%) led the way down. Binance Coin (-4.00%), Bitcoin Cash ABC (-5.85%), Litecoin (-4.67%), Ripple’s XRP (-4.14%), and Stellar’s Lumen (-5.73%) also saw deep red. Cardano’s ADA (-3.86%), Ethereum (-3.79%), Monero’s XMR (-3.59%), and Tron’s TRX (-1.97%) saw relatively modest losses on the day. Through the current week, the crypto total market cap rose to a Monday high $272.54bn before falling to a Saturday low $245.07bn. At the time of writing, the total market cap stood at $248.82bn. Bitcoin’s dominance slid to a Wednesday low 65.52% before jumping to a Saturday high 66.68%. At the time of writing, Bitcoin’s dominance stood at 66.30%. This Morning At the time of writing, Bitcoin was down by 0.42% to $8,977.0. A bearish start to the day saw Bitcoin fall from an early morning high $9,016.0 to a low $8,970.2. 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 broader market. Bitcoin Cash SV (-1.02%), Stellar’s Lumen (-1.66%), Tezos (-1.03%), and Tron’s TRX (-1.18%) led the way down early on. For the Bitcoin Day Ahead Bitcoin would move through the $9,025 pivot to support a run at the first major resistance level at $9,193.53. Support from the broader market would be needed, however, for Bitcoin to break out from $9,100 levels. Barring an extended crypto rebound, the first major resistance level and Saturday’s high $9,202.5 would likely cap any upside. In the event of a crypto breakout, Bitcoin could test the second major resistance level at $9,371.77. Failure to move through the $9,025 pivot level could see Bitcoin struggle later in the day. A fall back through the 23.6% FIB of $8,900 would bring the first major support level at $8,846.03 into play. In the event of another extended crypto sell-off, the second major support level at $8,676.77 may be tested. This article was originally posted on FX Empire More From FXEMPIRE: Unilever Latest Advertiser to Jump Ship on Facebook, Twitter Amid ‘Polarized Atmosphere’ in US European Equities: A Week in Review – 27/06/20 EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – June 27th, 2020 Crude Oil Price Update – Closed in Position to Challenge Major 50% Level Support at $37.50 Natural Gas Price Prediction – Prices Slip but are Poised to Test Lower Levels US Stock Market Overview – Stocks Drop Led by Financials Following Fed Stress Test']... **Last 60 Days of Bitcoin's Closing Prices:** [8801.04, 8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85, 9771.49, 9795.70, 9870.09, 9321.78, 9480.84, 9475.28, 9386.79, 9450.70, 9538.02, 9480.25, 9411.84, 9288.02, 9332.34, 9303.63, 9648.72, 9629.66, 9313.61, 9264.81, 9162.92, 9045.39] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-06-28 **Financial & Commodity Data:** - Gold Closing Price: $1772.50 - Crude Oil Closing Price: $38.49 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $167,997,907,438 - Hash Rate: 117699584.319003 - Transaction Count: 264909.0 - Unique Addresses: 500152.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.40 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin remains in a bullish pattern moving into the typically low volume weekend as it continues to test the $10,000 level of resistance. The world’s largest cryptocurrency, which now has a market cap of $176 billion , is currently consolidating at around $9,600 after surging by 11.18% since Monday’s halving. Miners now receive 6.25BTC per block as opposed to 12.5BTC and while it might not have an immediate impact on price action, it is considered bullish from a macro perspective due to a lack of new supply. Nicholas Pelecanos, Head of Trading at NEM Ventures , revealed that he expects increased volatility over the coming weeks due to miner fundamentals. “In the event of a bull run, I would be looking for a move above $9,800. Long term, I’m extremely bullish on price, and in my opinion the fundamentals have never been stronger. Regardless of whether a sell off occurs, I believe once we cross this level, the trajectory is high.” He said. A correction from here back below $9,000 would increase the bearish potential of a further pull back as it would mark a double top at $10,000. However, the recent golden cross on the daily chart, as noted in this week’s Coin Rivet analysis, should provide momentum for a swift move back towards the psychological level of $10,000. With the 50 exponential moving average moving above the 200 EMA for the first time since January Bitcoin could well make a charge for a new yearly high above $10,500 as fears around the coronavirus pandemic begin to subside. 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 Story continues 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 BTC news and information If you want to find out more information about Bitcoin or cryptocurrencies in general, then use the search box at the top of this page. Here’s an article to get you started. As with any investment, it pays to do some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. This page is not recommending a particular currency or whether you should invest or not. Disclaimer: The views and opinions expressed by the author should not be considered as financial advice.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9190.85, 9137.99, 9228.33, 9123.41, 9087.30, 9132.49, 9073.94, 9375.47, 9252.28, 9428.33
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Bitcoin fell by 1.87% in the week ending 28thJune. Following on from a 0.45% decline from the previous week, Bitcoin ended the week at $9,125.4\nIt was a bullish start to the week, with Bitcoin rallying by 4.27% on Monday before hitting reverse.\nThe early breakout saw Bitcoin strike a Monday intraweek high $9,795.0 before sliding to a Saturday intraweek low $8,855.0.\nMonday’s rally saw Bitcoin break through the first major resistance level at $9,622 before sliding to sub-$9,000 levels.\nThe reversal saw Bitcoin fall through the first major support level at $8,947 and the 23.6% FIB of $8,900.\nA Sunday recovery from early losses saw Bitcoin break back through to $9,000 levels to limit the loss of the week.\n5 days in the red, including a 3.55% slide on Wednesday delivered a 3rdconsecutive week in the red.\nBitcoin would need to move through the $9,258 weekly pivot to bring the first major resistance level at $9,662 into play.\nSupport from the broader market would be needed for Bitcoin to break back through to $9,500 levels.\nBarring an extended crypto rally, the first major resistance level and last week’s high $9,795 would likely cap any upside.\nIn the event of a breakout, Bitcoin could take a run at $9,900 levels before any pullback.\nFailure to move through the $9,258 pivot could see Bitcoin see red for a 4thconsecutive week.\nA pullback through to sub-$9,000 levels would bring the 23.6% FIB of $8,900 and the first major support level at $8,722 into play.\nBarring an extended crypto rally, however, Bitcoin should steer well clear of sub-$8,000 levels. The second major support level at $8,318 should limit any downside in the week.\nAt the time of writing, Bitcoin was up by 0.17% to $9,141.1. A mixed start to the week saw Bitcoin fall to an early morning low $9,107.4 before rising to a high $9,147.7.\nBitcoin left the major support and resistance levels untested at the start of the week.\nCardano’s ADA rose by 2.36% in the week ending 28thJune. Following a 2.54% gain from the previous week, Cardano’s ADA ended the week at $0.08024\nIt was a choppy start to the week for Cardano’s ADA. A Monday 6.78% rally saw Cardano’s ADA rise to an early in the week high $0.08515 before easing back.\nFalling short of the first major resistance level at $0.08812, Cardano’s ADA fell back to $0.082 levels before striking a Wednesday intraweek high $0.08738.\nFalling short of the first major resistance level at $0.08812 once more, Cardano’s ADA slid to a Saturday intraweek low $0.07427.\nWhile falling through the week’s $0.7520 pivot, Cardano’s ADA avoided the first major support level at $0.06531.\nIn spite of 5 consecutive days in the red, Monday’s 6.78% rally and a 3.82% gain on Sunday delivered the upside.\nCardano’s ADA would need to avoid a fall through the $0.08060 pivot to support a run at the first major resistance level at $0.087.\nSupport from the broader market would be needed, however, for Cardano’s ADA to break out from $0.085 levels.\nBarring another extended crypto rally, the first major resistance level and last week’s high $0.08738 would likely cap any upside.\nFailure to avoid a fall through the $0.08060 pivot could see Cardano’s ADA reverse early gains.\nA pullback through to sub-$0.080 levels would bring the first major support level at $0.07388 into play.\nBarring an extended broader-market sell-off, however, Cardano’s ADA should continue to avoid sub-$0.060 levels. The second major support level at $0.06752 should limit any downside in the week.\nAt the time of writing, Cardano’s ADA was up by 3.23% to $0.08283. A bullish start to the week saw Cardano’s ADA rally from an early Monday low $0.07996 to a high $0.08385.\nCardano’s ADA left the major support and resistance levels untested at the start of the week.\nThisarticlewas originally posted on FX Empire\n• Bitcoin Weekly Technical Analysis – June 29th, 2020\n• GBP/USD 1-2-3 Bearish Pattern on 4H Timeframe\n• Amazon.com Announces to Buy Autonomous Driving Startup Zoox\n• Markets Still Sensitive to Covid-19 Fears\n• Crude Oil Price Update – Strengthens Over $38.15, Weakens Under $37.50\n• GBP/USD Daily Forecast – Support At 1.2350 Stays Strong', 'Bitcoin Bitcoin fell by 1.87% in the week ending 28 th June. Following on from a 0.45% decline from the previous week, Bitcoin ended the week at $9,125.4 It was a bullish start to the week, with Bitcoin rallying by 4.27% on Monday before hitting reverse. The early breakout saw Bitcoin strike a Monday intraweek high $9,795.0 before sliding to a Saturday intraweek low $8,855.0. Monday\x92s rally saw Bitcoin break through the first major resistance level at $9,622 before sliding to sub-$9,000 levels. The reversal saw Bitcoin fall through the first major support level at $8,947 and the 23.6% FIB of $8,900. A Sunday recovery from early losses saw Bitcoin break back through to $9,000 levels to limit the loss of the week. 5 days in the red, including a 3.55% slide on Wednesday delivered a 3 rd consecutive week in the red. For the week ahead Bitcoin would need to move through the $9,258 weekly pivot to bring the first major resistance level at $9,662 into play. Support from the broader market would be needed for Bitcoin to break back through to $9,500 levels. Barring an extended crypto rally, the first major resistance level and last week\x92s high $9,795 would likely cap any upside. In the event of a breakout, Bitcoin could take a run at $9,900 levels before any pullback. Failure to move through the $9,258 pivot could see Bitcoin see red for a 4 th consecutive week. A pullback through to sub-$9,000 levels would bring the 23.6% FIB of $8,900 and the first major support level at $8,722 into play. Barring an extended crypto rally, however, Bitcoin should steer well clear of sub-$8,000 levels. The second major support level at $8,318 should limit any downside in the week. At the time of writing, Bitcoin was up by 0.17% to $9,141.1. A mixed start to the week saw Bitcoin fall to an early morning low $9,107.4 before rising to a high $9,147.7. Bitcoin left the major support and resistance levels untested at the start of the week. Cardano\x92s ADA Cardano\x92s ADA rose by 2.36% in the week ending 28 th June. Following a 2.54% gain from the previous week, Cardano\x92s ADA ended the week at $0.08024 Story continues It was a choppy start to the week for Cardano\x92s ADA. A Monday 6.78% rally saw Cardano\x92s ADA rise to an early in the week high $0.08515 before easing back. Falling short of the first major resistance level at $0.08812, Cardano\x92s ADA fell back to $0.082 levels before striking a Wednesday intraweek high $0.08738. Falling short of the first major resistance level at $0.08812 once more, Cardano\x92s ADA slid to a Saturday intraweek low $0.07427. While falling through the week\x92s $0.7520 pivot, Cardano\x92s ADA avoided the first major support level at $0.06531. In spite of 5 consecutive days in the red, Monday\x92s 6.78% rally and a 3.82% gain on Sunday delivered the upside. For the week ahead Cardano\x92s ADA would need to avoid a fall through the $0.08060 pivot to support a run at the first major resistance level at $0.087. Support from the broader market would be needed, however, for Cardano\x92s ADA to break out from $0.085 levels. Barring another extended crypto rally, the first major resistance level and last week\x92s high $0.08738 would likely cap any upside. Failure to avoid a fall through the $0.08060 pivot could see Cardano\x92s ADA reverse early gains. A pullback through to sub-$0.080 levels would bring the first major support level at $0.07388 into play. Barring an extended broader-market sell-off, however, Cardano\x92s ADA should continue to avoid sub-$0.060 levels. The second major support level at $0.06752 should limit any downside in the week. At the time of writing, Cardano\x92s ADA was up by 3.23% to $0.08283. A bullish start to the week saw Cardano\x92s ADA rally from an early Monday low $0.07996 to a high $0.08385. Cardano\x92s ADA left the major support and resistance levels untested at the start of the week. This article was originally posted on FX Empire More From FXEMPIRE: Bitcoin Weekly Technical Analysis \x96 June 29th, 2020 GBP/USD 1-2-3 Bearish Pattern on 4H Timeframe Amazon.com Announces to Buy Autonomous Driving Startup Zoox Markets Still Sensitive to Covid-19 Fears Crude Oil Price Update \x96 Strengthens Over $38.15, Weakens Under $37.50 GBP/USD Daily Forecast \x96 Support At 1.2350 Stays Strong', 'Bitcoin fell by 1.87% in the week ending 28thJune. Following on from a 0.45% decline from the previous week, Bitcoin ended the week at $9,125.4\nIt was a bullish start to the week, with Bitcoin rallying by 4.27% on Monday before hitting reverse.\nThe early breakout saw Bitcoin strike a Monday intraweek high $9,795.0 before sliding to a Saturday intraweek low $8,855.0.\nMonday’s rally saw Bitcoin break through the first major resistance level at $9,622 before sliding to sub-$9,000 levels.\nThe reversal saw Bitcoin fall through the first major support level at $8,947 and the 23.6% FIB of $8,900.\nA Sunday recovery from early losses saw Bitcoin break back through to $9,000 levels to limit the loss of the week.\n5 days in the red, including a 3.55% slide on Wednesday delivered a 3rdconsecutive week in the red.\nBitcoin would need to move through the $9,258 weekly pivot to bring the first major resistance level at $9,662 into play.\nSupport from the broader market would be needed for Bitcoin to break back through to $9,500 levels.\nBarring an extended crypto rally, the first major resistance level and last week’s high $9,795 would likely cap any upside.\nIn the event of a breakout, Bitcoin could take a run at $9,900 levels before any pullback.\nFailure to move through the $9,258 pivot could see Bitcoin see red for a 4thconsecutive week.\nA pullback through to sub-$9,000 levels would bring the 23.6% FIB of $8,900 and the first major support level at $8,722 into play.\nBarring an extended cr **Last 60 Days of Bitcoin's Closing Prices:** [8658.55, 8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85, 9771.49, 9795.70, 9870.09, 9321.78, 9480.84, 9475.28, 9386.79, 9450.70, 9538.02, 9480.25, 9411.84, 9288.02, 9332.34, 9303.63, 9648.72, 9629.66, 9313.61, 9264.81, 9162.92, 9045.39, 9143.58] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-06-29 **Financial & Commodity Data:** - Gold Closing Price: $1774.80 - Crude Oil Closing Price: $39.70 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $166,876,685,397 - Hash Rate: 113776264.841703 - Transaction Count: 315424.0 - Unique Addresses: 625207.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.41 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Many of the impacts of COVID-19 are easy to grasp. Every day we see the gutting news: the rising body count, the millions of unemployed, the makeshift morgues in public parks. We grieve for those we have lost. We worry about those who are vulnerable. We’re sick of staying at home. We miss restaurants and pubs. And then there are the second-, third- and fourth-order impacts. These are tougher to spot. In the blizzard of news from the U.S. emergency stimulus package, for example, it was easy to overlook a fairly shocking proposal from the House of Representatives: that the COVID-19 relief money (aka the $1,200 checks) could be digitally zapped to Americans instead of going through traditional banks. As CoinDesk’s own Michael Casey writes in the forward to “ The Currency Cold War , “the “half-baked proposal was subsequently removed, but it marked a dramatic widening in the Overton window of what is open to discussion. A digital dollar is now on the table.” Meanwhile, in another corner of this emerging conflict, libra looms large. And China gets ready to launch its central bank digital currency (known as the DCEP). Related: 4 Ways COVID-19 Will Bring Banks and Regulators to Crypto The upshot? COVID-19 could ignite something of a digital currency war. See also: Money Reimagined: As Tech, Politics and COVID-19 Collide, a Global Reset Looms Good thing someone just wrote a book about that exact possibility. Fintech guru David Birch, a consultant and prolific speaker on the blockchain conference circuit, wrote “The Currency Cold War: Cash and Cryptography, Hash Rates and Hegemony,” just in time for our global pandemic. He nailed the timing. For years Birch had his own pet theories about a clash of digital currencies. But “that was just me, just some guy talking about it,” he tells me in his British accent, which seems always on the verge of a sly joke. “And who cares, you know?” Then came Jackson Hole. Related: Marketing Ethereum 2.0 and Herding Cats With Hudson Jameson Story continues In the fall of 2019, at a Jackson Hole, Wy., event Birch describes as a “Burning Man for people who run central banks,” the Governor of the Bank of England, Mark Carney, said that perhaps it was time for some form of “synthetic hegemonic currency” to deal with what he called the “destabilizing dominance” of the U.S. dollar. This comment seemed to galvanize Birch. “The Governor of the Bank of England is emphatically not just some guy,” Birch says. He realized the Currency Cold War was not just his own pet theory – it was imminent. It might already be happening. And it has consequences. Which currency would society choose? Would it be one or many? It’s crazy. What the f— are they doing mailing out checks to people? “Which digital currency?” Birch writes in “The Currency Cold War.” “Will we really be choosing between the Federal Reserve and Microsoft (between dollar bills and Bill’s dollars)? Between Facebook’s Libra and China’s Digital Currency/Electronic Payment (DCEP) system? Between spendable drawing rights (SDRs) and Kardashian kash?” Regular readers of CoinDesk, of course, already know cryptocurrencies could compete with traditional fiat. That idea is not new. Birch takes the next logical step by asking, effectively, what happens when the rubber hits the road? Let’s pretend we get a Facebook libra or a digital yuan. How would that change the world order? What would that mean to a farmer in Africa, or what would it mean for the United States’ ability to throw around its muscle? In the book, Birch frames the hypothetical conflict of a digital yuan vs. Facebook libra as “Red vs. Blue,” in a cheeky nod to the cult videos inspired by Halo. (Birch even asked the publisher if they could call the book “Red vs. Blue,” and they politely told him he was crazy.) Red vs. Blue? Crypto vs. Fiat? Public vs. Private? On a quarantine-Zoom call a few weeks before appearing at Consensus Distributed on May 11 at 9 a.m. ET, Birch explains why the currency Cold War matters, how it impacts global “soft power,” and why you might see things like IBM Money…or an Islamic Money that cannot be used to buy alcohol. CoinDesk: Your book seems incredibly prescient. How does COVID-19 impact a potential digital currency war? David Birch: I wouldn’t have wished it this way, obviously, but yeah, COVID-19 might have done me a bit of a favor. You must admit that to somebody outside of the U.S., the idea that government stimulus money will arrive in the form of checks being mailed in the post to people seems odd. This is like having an economic stimulus for the Little House on the F–ing Prairie. It’s crazy. What the f— are they doing mailing out checks to people? So the idea that the government could provide a stimulus just by sending money directly into people’s wallets — not even into their bank accounts, but directly into their wallets — that’s really interesting. That might well provide an incredible stimulus to digital currency that none of us saw coming. See also: How a Flurry of ‘Digital Dollar’ Proposals Made It to Congress In the book you consider the possibility of the U.S. dollar losing its dominance. What are the implications? Birch: I think you need to divide it into two categories. So there’s what does it mean in financial terms? And of course, America’s ability to denominate its own debt translates into a tremendous fiscal advantage. So if America couldn’t do that, it couldn’t just print its way out of problems. This is what General [Charles] de Gaulle rather famously referred to as America’s “exorbitant privilege.” And that has implications for trade. But I think what’s more interesting are the non-financial implications. Such as? Birch: America’s ability to exercise soft power. I stress that I’m not making a political point. But for example, do you remember a few months ago, America threatened to cut Turkey off? I can’t even remember what the dispute was about… Who can? There were 17 crises between now and then! [Editor’s note: This would be the U.S. threatening to cut Turkey from an F-35 stealth fighter jet program.] Birch: Yeah, a lifetime of crises ago. But the point is that if I’m some country, and America says you have to do something I don’t particularly want to do, I have to do it because otherwise I can no longer buy imports and I get cut off from the global financial system. But what if there was something that was a bit like money but it just wasn’t run by the Americans? Or let’s say you’re a country in Africa. You sell most of your oil to China, so you decide to price your oil in yuan. You sell your oil in digital yuan. The U.S. Treasury wants to sanction you for doing something, what do you care? You don’t use their stupid dollars anymore. None of your money goes through the New York money central banks, so what do you care? There are several countries, I’m sure, that actively would like that to happen. How could this impact an average person? Birch: Let’s say you’re a farmer in Africa. And you’re buying tractors and things from China, and you’re buying fertilizer from China, and you’re supplying food to Chinese companies that are building ports and whatever else things companies do. You’ve got the choice between getting paid in your local currency, which you may not be too happy about because it may be a little volatile — it may be depreciating or it may have currency controls attached to it. Or you could get paid in U.S. dollars, except you’re not allowed to have a U.S. dollar bank account. And even if you did have a U.S. dollar bank account, when you decide to send some money to your cousin in Afghanistan you can’t, because it gets blocked by the U.S. Treasury. Or maybe you have a wallet on your phone where you can store your Chinese digital currency. Given those choices, I can understand why a great many people, particularly along China’s emerging Belt and Road , I can see why some of those people would make that choice. I’m sure you can, too. I personally feel that money is so important that it has to be under democratic control. In the book you talk about “Red vs. Blue,” and I totally got the Halo reference, by the way. Birch: It was Halo, yeah! [Laughs.] I thought it was hilarious but no one knew what I was talking about. I’m so old. It fell completely flat. I wanted to call the book “Red vs. Blue,” but my publisher, who knows a lot more about selling books than I do, said, “It’s absolutely meaningless. No one will know what you’re talking about.” So what does Red vs. Blue mean, outside of Halo? Birch: It’s the difference between private and public. So if I take Facebucks, which is what I always call them… I think it’s a much better name [than libra]. How come I know more about marketing than Mark Zuckerberg? I don’t get it. If I take Facebucks, I take Facebucks because I think other people are going to take Facebucks. That’s how money works. And there could be 2.5 billion people around the world who are perfectly happy to accept Facebucks. Zuckerberg said his vision was that sending money would be just as easy as sending a photo. Well, if that were true, if that vision was realized, that would be great, right? I mean, everyone would use that, wouldn’t they? So is that a bad thing? Well, you know, if you run a government and you want to have some control over things, you’d probably think that was a bad thing, right? I can see it argued either way… Birch: Now, if I’m the government, actually, I might be okay with that as long as certain criteria are met, like [know-your-customer]. But I can’t help but feeling… even if Facebook did that, I mean, would you have your salary paid in Facebook money? Right. Birch: Or If you get chucked out of Facebook, who’s the ombudsman you call? You see people all the time get banned from Twitter and they can’t figure out why. What would happen with Facebucks? Like, what happens if you wake up one morning and, all of a sudden, Facebook won’t let you send money to anybody? What do you do about it? Or would thi... - 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.
9137.99, 9228.33, 9123.41, 9087.30, 9132.49, 9073.94, 9375.47, 9252.28, 9428.33, 9277.97
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['(Bloomberg) -- Chinese crypto mining giant Ebang International Holdings Inc. is planning to launch an offshore exchange for digital assets this year, hoping to expand beyond a sector that tends to boom and bust with Bitcoin prices.\nThe Hangzhou-based maker of Bitcoin mining rigs could see total revenue grow about 40% in 2020 after expanding into the newer business of helping clients manage datacenters, Chief Financial Officer Chen Lei said in an interview. Revenue could almost double to $200 million this year with the launch of the crypto exchange, he said. Otherwise, Ebang should hit that mark in 2022, he added.\nEbang is down 14% from its IPO price after raising $100 million in the U.S. share sale. It plans to use the proceeds to develop new models of machines and expand overseas. Part of the plan is to set up a regulatory-compliant crypto exchange outside China, which Chen expects to initially attract 10% of the total transaction fees of crypto trading.\nEbang’s new exchange will help it counter the wild volatility of the world’s largest cryptocurrency, which so far this year has traded in a wide range between about $5,000 and $10,000. While crypto trading thrives in both bull and bear markets, a significant drop in Bitcoin prices will pretty much mean bad business for mining-equipment makers like Ebang. Last year the firm had $109 million in revenue -- roughly a third of 2018’s sales -- according to its prospectus, and reported net losses in both 2018 and 2019.\nLarger rivals like Bitmain Technologies Ltd. and Canaan Inc. are betting on making chips in the adjacent field of artificial intelligence to reduce their reliance on Bitcoin prices, with mixed success. Ebang -- founded in 2010 by telecom expert Hu Dong -- has opted to delve deeper into cryptocurrency, with services that help customers host and maintain their equipment at data centers. Ebang’s considering applying for licenses in places like the U.S. or Singapore for its planned crypto exchange, or acquiring an existing exchange operator, Chen said.\nEbang listed at a time of escalating tensions between Washington and Beijing, which threaten to disrupt Chinese companies’ access to U.S. capital markets after the accounting scandal surrounding Luckin Coffee Inc. -- one of the country’s brightest startups.\nRead more: SEC Chief Backs Bill to Delist China Firms Barring Audit Reviews\nChen argued the listing was a win for Ebang’s brand as it seeks to draw more customers from overseas markets including the U.S. Currently, almost 90% of the firm’s sales come from China, and much of the remainder from the rest of Asia.\n(Updated with Ebang’s share price in third paragraph.)\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) -- Chinese crypto mining giant Ebang International Holdings Inc. is planning to launch an offshore exchange for digital assets this year, hoping to expand beyond a sector that tends to boom and bust with Bitcoin prices. The Hangzhou-based maker of Bitcoin mining rigs could see total revenue grow about 40% in 2020 after expanding into the newer business of helping clients manage datacenters, Chief Financial Officer Chen Lei said in an interview. Revenue could almost double to $200 million this year with the launch of the crypto exchange, he said. Otherwise, Ebang should hit that mark in 2022, he added. Ebang is down 14% from its IPO price after raising $100 million in the U.S. share sale. It plans to use the proceeds to develop new models of machines and expand overseas. Part of the plan is to set up a regulatory-compliant crypto exchange outside China, which Chen expects to initially attract 10% of the total transaction fees of crypto trading. Ebang\x92s new exchange will help it counter the wild volatility of the world\x92s largest cryptocurrency, which so far this year has traded in a wide range between about $5,000 and $10,000. While crypto trading thrives in both bull and bear markets, a significant drop in Bitcoin prices will pretty much mean bad business for mining-equipment makers like Ebang. Last year the firm had $109 million in revenue -- roughly a third of 2018\x92s sales -- according to its prospectus, and reported net losses in both 2018 and 2019. Larger rivals like Bitmain Technologies Ltd. and Canaan Inc. are betting on making chips in the adjacent field of artificial intelligence to reduce their reliance on Bitcoin prices, with mixed success. Ebang -- founded in 2010 by telecom expert Hu Dong -- has opted to delve deeper into cryptocurrency, with services that help customers host and maintain their equipment at data centers. Ebang\x92s considering applying for licenses in places like the U.S. or Singapore for its planned crypto exchange, or acquiring an existing exchange operator, Chen said. Story continues Ebang listed at a time of escalating tensions between Washington and Beijing, which threaten to disrupt Chinese companies\x92 access to U.S. capital markets after the accounting scandal surrounding Luckin Coffee Inc. -- one of the country\x92s brightest startups. Read more: SEC Chief Backs Bill to Delist China Firms Barring Audit Reviews Chen argued the listing was a win for Ebang\x92s brand as it seeks to draw more customers from overseas markets including the U.S. Currently, almost 90% of the firm\x92s sales come from China, and much of the remainder from the rest of Asia. (Updated with Ebang\x92s share price in third paragraph.) For more articles like this, please visit us at bloomberg.com Subscribe now to stay ahead with the most trusted business news source. ©2020 Bloomberg L.P.', 'Miner Hut 8 said last week it had raised a total of $8.3 million from selling a 6% equity stake to investors, approximately $800,000 more than the original $7.5 million funding target. The Toronto-listed mining company says the funding will keep it competitive as smaller entities with older equipment feel the pinch from last month\x92s halving. \x93We\x92re proud to close the first prospectus offering by a cryptocurrency mining company in Canada and further improve Hut 8\x92s lead as one of the largest public bitcoin miners,\x94 said Jimmy Vaiopoulos, Hut 8\x92s interim CEO, in a statement. Related: Market Wrap: Bitcoin Traders Expect Big Move as Volatility Plummets Overall, investors purchased a total of 5.7 million \x93units\x94 in Hut 8, at $1.45 apiece. Each unit contains one common share in Alberta-based Hut 8, as well as the option to purchase another share in the next 18 months at $1.85. The funding will be invested in new equipment. Ryleigh Ebron, an external spokesperson for Hut 8, said the company be able to increase mining capacity by more than a fifth to 1,150 petahash (PH/s). Once installed, the company could comprise just under 1% of the total hash rate for the bitcoin blockchain, currently around 115,200 PH/s according to Blockchain.com. \x93This financing is expected to strengthen Hut 8\x92s cash flows and balance sheet,\x94 Ebron added. See also: Chinese Bitcoin Miner Producer Ebang Is Launching an Offshore Exchange Related: Chinese Bitcoin Miner Producer Ebang Is Launching an Offshore Exchange Hut 8\x92s finances have been the subject of much discussion. It saw a $116.6 million loss just in Q4 2019. As a report from CoinDesk Research highlighted earlier this year, the company made a wafer-thin gain of just over $2 million in 2019. The stock price says it all : In April 2018, Hut 8 traded at CAD $4.50 (~$3.28) but has since spiraled downwards, hitting a low of CAD $0.59 ($0.43) by mid-March this year. At the time of writing, shares were at CAD $0.98 (~$0.72). Story continues Hut 8 has attributed this poor performance to a deleterious agreement that obliged them to only buy mining equipment from manufacturer Bitfury, its single biggest investor. That prevented it from accessing the faster miners coming from Bitfury\x92s rivals, leaving it with rapidly aging equipment. Over time, that meant it made up less of the total hashrate and won far fewer blocks, which hit revenue. In January, Hut 8 amended the agreement so it could buy mining equipment elsewhere. Interestingly, Hut 8 said it will use all the new funding to buy mining equipment from Bitfury\x92s rival, MicroBT. Most of the new rigs will arrive between July and November. See also: Argo Buys $500K Worth of Zcash Miners as Bitcoin Revenue Shrivels Hut 8 hopes the halving will make it harder for some of their competitors, the ones operating with older equipment, to stay in the game, said Ebron. \x93The halving is arguably better for miners who can get access to the latest generation of bitcoin mining equipment as they are far more profitable and will benefit from the drop in network difficulty as older equipment continues to be turned\xa0offline,\x94 Ebron said. Ebron also pointed out the miner is in a particularly advantageous position because lower electricity rates in Alberta mean Hut 8 can better weather fluctuations in the volatile bitcoin price. Hut 8 listed on the Toronto Securities Exchange in October 2019. The exchange has already approved the listing of newly sold shares, subject to the mining company meeting listing conditions, which include having more than CAD $7.5 million (~$5.5 million) in net tangible assets, such as new mining equipment. Related Stories Bitcoin Miner Hut 8 Closes Better-Than-Expected Equity Round at $8.3M Bitcoin Miner Hut 8 Closes Better-Than-Expected Equity Round at $8.3M', 'Miner Hut 8 said last week it had raised a total of $8.3 million from selling a 6% equity stake to investors, approximately $800,000 more than the original $7.5 million funding target.\nThe Toronto-listed mining company says the funding will keep it competitive as smaller entities with older equipment feel the pinch from last month’s halving.\n“We’re proud to close the first prospectus offering by a cryptocurrency mining company in Canada an **Last 60 Days of Bitcoin's Closing Prices:** [8864.77, 8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85, 9771.49, 9795.70, 9870.09, 9321.78, 9480.84, 9475.28, 9386.79, 9450.70, 9538.02, 9480.25, 9411.84, 9288.02, 9332.34, 9303.63, 9648.72, 9629.66, 9313.61, 9264.81, 9162.92, 9045.39, 9143.58, 9190.85] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-06-30 **Financial & Commodity Data:** - Gold Closing Price: $1793.00 - Crude Oil Closing Price: $39.27 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $166,876,685,397 - Hash Rate: 115344676.145677 - Transaction Count: 299733.0 - Unique Addresses: 621031.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.44 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: For Immediate Release Chicago, IL – June 29, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: International Business Machines IBM, DocuSign DOCU, Microsoft MSFT and PayPal Holdings PYPL. Here are highlights from Friday’s Analyst Blog: Add 4 Stocks to Watch List on Evolving Usage of Blockchain Coronavirus crisis has presented new challenges and exposed several loopholes in our digital ecosystem. The prominent issues that have surfaced are data tracing, security, visibility and management, and supply chain supervision. Evolution of blockchain practices in a bid to address these challenges is expected to democratize the benefits of blockchain technology in the days ahead and aid in countering the pandemic in an efficient way. Blockchain-based automated system is transparent and incorruptible, and meant to provide unaltered information. Since blockchain utilizes a distributed consensus, it is difficult to tamper with the records without being noticed by an entire network. Thereby, the possibility of monetary losses is low with minimum chances of double counting and hacking. The technology is being utilized to enhance smart payment systems, secure financial transactions, advance shipping and transportation, modernize government agencies and institutions, and even detect critical illnesses. Growth in IoT, autonomous vehicles, AR/VR and wearables and other connected devices, and coronavirus crisis induced rapid adoption of cloud computing are expected to drive the adoption of blockchain technology. Notably, Coherent Market Insights estimates the blockchain technology market to witness a CAGR of 58.7% between 2019 and 2027. Stocks in Limelight With Blockchain-Based Developments The evolution of food tracing by leveraging blockchain technology deserves a special mention. International Business Machines is a pioneer and undisputed leader when it comes to providing blockchain technology. Recently, Norwegian Seafood Association, Sjømatbedriftene, announced collaboration with IBM in a bid to utilize blockchain for seafood traceability and enhanced visibility across supply chains. Story continues The Association will adopt the IBM Blockchain Transparent Supply solution to enhance the delivery of products to stores based in the United States and Canada. Markedly, Norway happens to be the second-largest exporter of seafood globally with seafood exports worth over 2.7 million tons in 2019. Further, per ReportLinker report, blockchain supply chain market is expected to see a CAGR of 80.5% between 2019 and 2025. These factors instill optimism in the latest development. Moreover, IBM, currently carrying a Zacks Rank #3 (Hold), is anticipated to benefit from robust adoption and broad-based availability of IBM Blockchain World Wire — a blockchain driven global payments network. The network is aimed at accelerating and optimizing cross border payments. DocuSign is a popular name for authenticating documents over the Internet through electronic signature. The stock, with Zacks Rank of 2 (Buy), leverages blockchain technology to enable customers adapt to smart tech and make paper agreements digital. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here . The company’s Trust Service Provider model helps users to integrate any blockchain-based identity providers and enhance security while authenticating a signer. Notably, per ResearchAndMarkets data, the blockchain identity management market is set to hit $1.93 billion by 2023 from $90.4 million in 2018 at a CAGR of 84.5%. This projection favors prospects of the company. Microsoft is focusing on developing advanced Azure-powered blockchain solutions in decentralized identity space. The beta version of the tech giant’s Bitcoin-backed decentralized identity tool — ION — went live in early June on mainnet. The tool is aimed at fast-tracking of data, which can be utilized by anyone to improve the reach of the coronavirus crisis response programs. Moreover, the acquisition of GitHub, touted to be the largest open source repository, provides Microsoft ample exposure for the development of robust blockchain tools. The above factors are likely to provide an edge to this Zacks Rank #3 stock over cloud rivals including Amazon Web Services (AWS) and Alibaba Cloud that are also eyeing the blockchain-as-a-service market. PayPal Holdings is one bitcoin-related stock that should be on your radar. The leader in digital payment processes helps merchants to accept crypto payments via partnerships with three major bitcoin payment processors — BitPay, GoCoin and Coinbase. However, as a recent Coindesk report suggests, PayPal intends to commence the direct selling of cryptocurrency to users via built-in wallet functionality. Per a source familiar with the matter quoted by Coindesk, PayPal plans to “offer buying and selling of crypto” and that the new service is likely to be rolled out “in the next three months, maybe sooner.” Moreover, the hiring push in early 2020, to boost its new Blockchain Research Group, authenticates the rumor to certain extent. PayPal, currently carrying a Zacks Rank #3, had partnered Facebook for its ambitious Libra project but later withdrew from the same. Notably, the social media giant is now reportedly revamping Libra, amid immense scrutiny, with partners like Lyft, Spotify, and Shopify, still on board. Conclusion Blockchain services are well poised to gain mainstream adoption in 2020 on breakthrough product rollouts and noteworthy partnerships. Moreover, coronavirus crisis spurred demand for contactless payments, digital transactions and supply chain visibility solutions favor prospects of the technology. Further, emergence of enterprise blockchain solutions and immense research in the field is paving the way for the technology to gain impetus in the second half of 2020 and beyond. Looking for Stocks with Skyrocketing Upside? Zacks has just released a Special Report on the booming investment opportunities of legal marijuana. Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>> Media Contact Zacks Investment Research 800-767-3771 ext. 9339 [email protected] https://www.zacks.com Past performance is no guarantee of future results. Inherent in any investment is the potential for loss . This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release. Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report International Business Machines Corporation (IBM) : Free Stock Analysis Report PayPal Holdings, Inc. (PYPL) : Free Stock Analysis Report DocuSign Inc. (DOCU) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research... - Reddit Posts (Sample): []... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9228.33, 9123.41, 9087.30, 9132.49, 9073.94, 9375.47, 9252.28, 9428.33, 9277.97, 9278.81
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:** ['Bitcoin fell by 0.48% on Tuesday. Partially reversing a 0.76% gain from Monday, Bitcoin ended June down by 3.18% to $9,150.8. While down for the month, Bitcoin surged by 42.33% in the 2ndquarter…\nIt was a mixed start to the day for Bitcoin. In the early hours, Bitcoin rose to an early morning high intraday high $9,206.5 before hitting reverse.\nFalling short of the first major resistance level at $9,286.23, Bitcoin slid to an early afternoon intraday low $9,077.0.\nSteering clear of the first major support level at $9,060.33, Bitcoin revisited $9,190 levels before easing back into the red.\nThe near-term bullish trend remained intact in spite of the recent pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Tuesday.\nStellar’s Lumen and Tron’s TRX rose by 2.85% and 1.17% respectively to buck the trend.\nIt was a bearish end to the month for the rest of the majors.\nTezos led the way down, with a 2.19% loss.\nBitcoin Cash ABC (-1.65%), Bitcoin Cash SV (-1.17%), Cardano’s ADA (-1.04%), Ethereum (-1.02%), Litecoin (-1.70%), and Ripple’s XRP (-1.07%) also struggled.\nBinance Coin (-0.52%), EOS (-0.51%), and Monero’s XMR (-0.87%) saw relatively modest losses on the day.\nFor the month of June, it was also a mixed bag.\nCardano’s ADA and Tron’s TRX bucked the trend, with gains of 12.27% and 3.82% respectively.\nBitcoin Cash SV (-18.07%), Ripple’s XRP (-13.21%), and Tezos (-15.97%) led the way down.\nBinance Coin (-9.95%), Bitcoin Cash ABC (-7.54%), and Litecoin (-9.66%) also struggled.\nEthereum (-2.57%), Monero’s XMR (-2.07%), and Stellar’s Lumen (-4.18%) saw relatively modest losses.\nIt was also a mixed 2ndquarter for the crypto majors.\nCardano’s ADA led the way, surging by 172.45%.\nBinance Coin (+22.43%), Ethereum (+69.43%), Monero’s XMR (+33.05%), Stellar’s Lumen (+65.45%), Tezos (+46.32%), and Tron’s TRX (+41.46%) also saw solid gains.\nBitcoin Cash ABC (+1.26%), EOS (+6.98%), Litecoin (+5.03%), and Ripple’s XRP (+0.91%) trailed the pack.\nBucking the trend in the quarter, was Bitcoin Cash SV, however, which fell by 4.63%.\nThrough the current week, the crypto total market cap fell to a Monday low $250.49bn before rising to a Monday high $258.71bn. At the time of writing, the total market cap stood at $254.52bn.\nBitcoin’s dominance rose to a Monday high 66.29% before falling to a low 65.79%. At the time of writing, Bitcoin’s dominance stood at 66.04%.\nAt the time of writing, Bitcoin was down by 0.17% to $9,134.9. A bearish start to the day saw Bitcoin fall from an early morning high $9,150.6 to a low $9,109.4.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nBinance Coin bucked the trend early on, rising by 0.39%.\nIt was a bearish start to the quarter for the rest of the majors.\nAt the time of writing, Stellar’s Lumen was down by 0.97% to lead the way down.\nBitcoin would need to move through the $9,145 pivot to support a run at the first major resistance level at $9,212.47.\nSupport from the broader market would be needed, however, for Bitcoin to break out from Tuesday’s high $9,206.5.\nBarring an extended crypto rebound, the first major resistance level and Tuesday’s high would likely cap any upside.\nIn the event of a crypto breakout, Bitcoin could test the second major resistance level at $9,274.23 and $9,300 levels before any pullback.\nFailure to move through the $9,145 pivot level could see Bitcoin struggle on the day.\nA fall back through to sub-$9,100 would bring the first major support level at $9,082.97 into play.\nBarring an extended crypto sell-off, Bitcoin should avoid the 23.6% FIB of $8,900. The second major support level at $9,015.23 should limit any downside on the day.\nThisarticlewas originally posted on FX Empire\n• Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – July 1st, 2020\n• USD/CAD Daily Forecast – Test Of The 20 EMA At 1.3620\n• Natural Gas Price Forecast – Natural Gas Markets Reach 50 Day EMA\n• European Equities: Eurozone and U.S Stats and COVID-19 Figures in the Spotlight\n• US Stock Market Overview – Stocks Close Higher, Led Higher by Energy; Confidence Rises More than Expected\n• Silver Price Forecast – Silver Markets Look Bullish', 'Bitcoin fell by 0.48% on Tuesday. Partially reversing a 0.76% gain from Monday, Bitcoin ended June down by 3.18% to $9,150.8. While down for the month, Bitcoin surged by 42.33% in the 2 nd quarter… It was a mixed start to the day for Bitcoin. In the early hours, Bitcoin rose to an early morning high intraday high $9,206.5 before hitting reverse. Falling short of the first major resistance level at $9,286.23, Bitcoin slid to an early afternoon intraday low $9,077.0. Steering clear of the first major support level at $9,060.33, Bitcoin revisited $9,190 levels before easing back into the red. The near-term bullish trend remained intact in spite of the recent pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Tuesday. Stellar’s Lumen and Tron’s TRX rose by 2.85% and 1.17% respectively to buck the trend. It was a bearish end to the month for the rest of the majors. Tezos led the way down, with a 2.19% loss. Bitcoin Cash ABC (-1.65%), Bitcoin Cash SV (-1.17%), Cardano’s ADA (-1.04%), Ethereum (-1.02%), Litecoin (-1.70%), and Ripple’s XRP (-1.07%) also struggled. Binance Coin (-0.52%), EOS (-0.51%), and Monero’s XMR (-0.87%) saw relatively modest losses on the day. For the month of June, it was also a mixed bag. Cardano’s ADA and Tron’s TRX bucked the trend, with gains of 12.27% and 3.82% respectively. Bitcoin Cash SV (-18.07%), Ripple’s XRP (-13.21%), and Tezos (-15.97%) led the way down. Binance Coin (-9.95%), Bitcoin Cash ABC (-7.54%), and Litecoin (-9.66%) also struggled. Ethereum (-2.57%), Monero’s XMR (-2.07%), and Stellar’s Lumen (-4.18%) saw relatively modest losses. It was also a mixed 2 nd quarter for the crypto majors. Cardano’s ADA led the way, surging by 172.45%. Binance Coin (+22.43%), Ethereum (+69.43%), Monero’s XMR (+33.05%), Stellar’s Lumen (+65.45%), Tezos (+46.32%), and Tron’s TRX (+41.46%) also saw solid gains. Story continues Bitcoin Cash ABC (+1.26%), EOS (+6.98%), Litecoin (+5.03%), and Ripple’s XRP (+0.91%) trailed the pack. Bucking the trend in the quarter, was Bitcoin Cash SV, however, which fell by 4.63%. Through the current week, the crypto total market cap fell to a Monday low $250.49bn before rising to a Monday high $258.71bn. At the time of writing, the total market cap stood at $254.52bn. Bitcoin’s dominance rose to a Monday high 66.29% before falling to a low 65.79%. At the time of writing, Bitcoin’s dominance stood at 66.04%. This Morning At the time of writing, Bitcoin was down by 0.17% to $9,134.9. A bearish start to the day saw Bitcoin fall from an early morning high $9,150.6 to a low $9,109.4. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Binance Coin bucked the trend early on, rising by 0.39%. It was a bearish start to the quarter for the rest of the majors. At the time of writing, Stellar’s Lumen was down by 0.97% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to move through the $9,145 pivot to support a run at the first major resistance level at $9,212.47. Support from the broader market would be needed, however, for Bitcoin to break out from Tuesday’s high $9,206.5. Barring an extended crypto rebound, the first major resistance level and Tuesday’s high would likely cap any upside. In the event of a crypto breakout, Bitcoin could test the second major resistance level at $9,274.23 and $9,300 levels before any pullback. Failure to move through the $9,145 pivot level could see Bitcoin struggle on the day. A fall back through to sub-$9,100 would bring the first major support level at $9,082.97 into play. Barring an extended crypto sell-off, Bitcoin should avoid the 23.6% FIB of $8,900. The second major support level at $9,015.23 should limit any downside on the day. This article was originally posted on FX Empire More From FXEMPIRE: Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – July 1st, 2020 USD/CAD Daily Forecast – Test Of The 20 EMA At 1.3620 Natural Gas Price Forecast – Natural Gas Markets Reach 50 Day EMA European Equities: Eurozone and U.S Stats and COVID-19 Figures in the Spotlight US Stock Market Overview – Stocks Close Higher, Led Higher by Energy; Confidence Rises More than Expected Silver Price Forecast – Silver Markets Look Bullish', "Deutsche Boerse has listed an exchange-traded product (ETP) that tracks the value of bitcoin. 21Shares, a Swiss-based product provider formerly known as Amun, said its bitcoin ETP had been officially accepted Wednesday to list on Xetra, Deutsche Boerse\x92s electronic trading venue. \x93The listing on Xetra not only strengthens our current position in Germany but also opens up institutional-grade crypto products to the wider European and international markets,\x94 said Laurent Kssis, 21Shares\x92 managing director, in a statement. Related: Coinbase Takes Over Servicing for 21Shares' Bitcoin ETP, Displaces Kingdom Trust Deutsche Boerse Group has two trading venues: Xetra, and the Frankfurt Stock Exchange. Together, they count as the third-largest trading platform in Europe, just behind the London Stock Exchange and Euronext. Deutsche Boerse\x92s data shows more than \x80150 billion (US$168.6 billion) worth of equities and derivative products changed hands at Xetra in May. In December last year, the exchange handled approximately \x80300 billion in volume. The London-based investment firm ETC Group listed a bitcoin-backed security on Xetra, earlier this month. Bitcoin ETPs provide ex **Last 60 Days of Bitcoin's Closing Prices:** [8988.60, 8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85, 9771.49, 9795.70, 9870.09, 9321.78, 9480.84, 9475.28, 9386.79, 9450.70, 9538.02, 9480.25, 9411.84, 9288.02, 9332.34, 9303.63, 9648.72, 9629.66, 9313.61, 9264.81, 9162.92, 9045.39, 9143.58, 9190.85, 9137.99] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-07-01 **Financial & Commodity Data:** - Gold Closing Price: $1773.20 - Crude Oil Closing Price: $39.82 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $170,295,904,625 - Hash Rate: 127111309.039231 - Transaction Count: 382570.0 - Unique Addresses: 758469.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.42 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: (Bloomberg Opinion) -- The coronavirus has disrupted the world in very large ways. While that battle has been waged, however, another event has almost been missed: the birth of a new kind of fiat currency, which could forever reshape the relationship between money, economic power and geopolitical clout. An official Chinese digital yuan, more than five years in the making, is now in pilot runs to slowly start replacing the physical legal tender. If the experiment succeeds, this new cash, valued the same as the familiar banknotes bearing Mao Zedong’s image, will become the world’s first sovereign token to reside exclusively in the ether. The trials are taking place just as the blame game around the coronavirus deepens mistrust between the U.S. and China. With President Donald Trump warning that Washington would respond if Beijing intervenes against protests and democratic movements in Hong Kong, chances of a detente from last year’s trade war are fading. Outside the People’s Republic, the big question is if the digital yuan is a challenger to the dollar. Within China, though, there’s a more mundane explanation for why Beijing wants to turn banknotes in circulation into virtual tokens. Chinese consumers have bypassed both computers and credit cards to embrace mobile payment apps, which have gone on to spawn large money-market funds investing in high-yielding wealth-management products. This has led to the accumulation of risks in opaque shadow banking. Bringing them out in the open requires a leg up for traditional lenders in payments, an area where financial technology has left them far behind. The digital yuan, which will be pushed out to consumers via banks, seeks to restore this missing balance; it will allow authorities to “regulate an overstretched debt market more effectively,” says DBS Group Holdings Ltd. economist Nathan Chow. Still, there’s also a power play. It isn’t a coincidence that China’s project picked up speed last year as Facebook Inc. announced Libra. The proposed stablecoin promised to hold its value against a basket of major official currencies rather than gyrating wildly like Bitcoin. When it looked like regulators in the U.S. and elsewhere would nix this synthetic global cryptocurrency, the Libra Association curbed the scope of its undertaking. But the idea of “a regulated global network for cost-effective retail payments,” as described by Singapore state investor Temasek Holdings Pte, a new member of Libra’s Geneva-based governing body, remains alive. For Beijing to shake the dollar’s hegemony, it has to pre-empt Silicon Valley from taking the pole position. Hence the hurry for China’s test runs. According to media reports, half the May transport subsidy for Suzhou municipal employees will be in the form of digital currency electronic payment, or DCEP, as it’s being called in the absence of a catchier moniker. The pilot plan in Xiong’an, a satellite city of Beijing, includes coffee shops, fast food, retailers, theaters and bookstores, Goldman Sachs Group Inc. has noted. The other trials are reserved for Chengdu and Shenzhen. Thanks to Alipay and WeChat Pay, 80% of Chinese smartphone users whip out their mobiles to make payments, more than anywhere in the world. To them, the DCEP wallets being provided by the big four state banks should seem much the same. But there are differences. In this new system, a low-value transaction can go through even if both parties are offline. Also, this is sovereign liability, safe if an intermediary goes bankrupt. The big four lenders — and later fintech firms — will distribute the tokens, but the funds won’t reside in bank accounts. This will be unlike existing payment apps that only move one institution’s IOUs to another. Beijing was going to launch the digital money even before the pandemic. However, adoption could be faster now because of people’s fear of catching an infection from handling cash. Also, it’s possible to trace in real time whether an anti-virus subsidy, given out in tokenized form, is reaching the target. Once it has, the tracking would be “turned off” to ensure corporate and household spending stays anonymous, Goldman says. Strictly speaking, though, the anonymity of cash will no longer exist. Authorities can look under the hood of pseudonymous transactions for unwanted activity, an outcome far removed from the vision that drove libertarians (and money launderers) to cryptocurrencies in the first place. With the outbreak giving legitimacy to intrusive physical contact tracing, the case for financial tracing gets even stronger. Exchange of digital yuan between customers and merchants will pop up on a centralized ledger, and go through far more swiftly than in Bitcoin-style setups that rely on widely distributed ledgers of asset ownership. Every nation projects power when others desire its money — something that costs the home country nothing to produce. But as with any digital network, the sovereign tokens that take off first could end up winning disproportionately. The digital yuan could find customers overseas, especially in places where China is making belt-and-road investments. For one thing, they wouldn’t have to pay banks fat fees for running the $124 trillion-a-year business-to-business international transfers market. By distributing digital currency through banks, China has given its big institutions a chance to match the payment technology of fintech rivals. But it’s possible that a central bank in another country would bypass intermediaries altogether, potentially making the state the monopoly supplier of money to retail customers. That, as I wrote in December, could upend banking. The digital yuan may have started modestly, but it might pave the way for changes that are both ambitious and long outlast the coronavirus. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners. Andy Mukherjee is a Bloomberg Opinion columnist covering industrial companies and financial services. He previously was a columnist for Reuters Breakingviews. He has also worked for the Straits Times, ET NOW and Bloomberg News. 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): 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.
9123.41, 9087.30, 9132.49, 9073.94, 9375.47, 9252.28, 9428.33, 9277.97, 9278.81, 9240.35
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['The United States National Highway Traffic Safety Administration is investigatingTesla Inc.(NASDAQ:TSLA) for defective battery cooling systems in its early Model S vehicles, the Los Angeles TimesreportedWednesday.\nTesla Faces NHTSA, NTSB Investigations\nThe NHTSA is "well aware of the reports regarding this issue and will take action if appropriate based upon the facts and data," the federal agency told the LA Times.\nThe cooling tubes installed in Model S vehicles between 2012 and 2016 were prone to leaks before the automaker cut off a supplier and began making the tubes in-house, leaked Tesla internal emails suggested, according to the LA Times.\nThe leaked internal documents were firstreportedby Business Insider last week.\nAnother federal investigation agency, The National Transportation Safety Board, also told the LA Times that it is "in the final stages of completing a Special Investigative Report based upon its investigations of several crashes involving electric vehicles and the resultant battery fires/thermal events."\nTesla Allegedly Sold Cars Despite Knowing About The Glitch\nAccording to the Insider report last week, Tesla allegedly sold the cars, even after the executives were made aware of the faulty cooling system.\nThird-party tests conducted by IMR Test Lab found the cooling tubes to be susceptible to cracks and pinholes, the Insider had reported.\nThe NHTSA told the LA Times now that the automakers are required "to notify the agency within five days of when the manufacturer becomes aware of a safety-related defect and conduct a recall."\nTesla didn\'t issue any such notice, the LA Times noted.\nPrice Action\nTesla shares closed 3.7% higher at $1,119.63 on Wednesday. The shares traded another 1.6% higher in the after-hours session at $1,137.99.\nSee more from Benzinga\n• Lyft Resumes Self-Driving Test Rides\n• Here\'s How Much Investing ,000 In Bitcoin 5 Years Ago Would Be Worth Today\n• Self-Driving Truck Maker TuSimple Hires Morgan Stanley To Help Raise 0M In Fresh Funding: Report\n© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'The United States National Highway Traffic Safety Administration is investigating Tesla Inc. (NASDAQ: TSLA ) for defective battery cooling systems in its early Model S vehicles, the Los Angeles Times reported Wednesday. Tesla Faces NHTSA, NTSB Investigations The NHTSA is "well aware of the reports regarding this issue and will take action if appropriate based upon the facts and data," the federal agency told the LA Times. The cooling tubes installed in Model S vehicles between 2012 and 2016 were prone to leaks before the automaker cut off a supplier and began making the tubes in-house, leaked Tesla internal emails suggested, according to the LA Times. The leaked internal documents were first reported by Business Insider last week. Another federal investigation agency, The National Transportation Safety Board, also told the LA Times that it is "in the final stages of completing a Special Investigative Report based upon its investigations of several crashes involving electric vehicles and the resultant battery fires/thermal events." Tesla Allegedly Sold Cars Despite Knowing About The Glitch According to the Insider report last week, Tesla allegedly sold the cars, even after the executives were made aware of the faulty cooling system. Third-party tests conducted by IMR Test Lab found the cooling tubes to be susceptible to cracks and pinholes, the Insider had reported. The NHTSA told the LA Times now that the automakers are required "to notify the agency within five days of when the manufacturer becomes aware of a safety-related defect and conduct a recall." Tesla didn\'t issue any such notice, the LA Times noted. Price Action Tesla shares closed 3.7% higher at $1,119.63 on Wednesday. The shares traded another 1.6% higher in the after-hours session at $1,137.99. See more from Benzinga Lyft Resumes Self-Driving Test Rides Here\'s How Much Investing ,000 In Bitcoin 5 Years Ago Would Be Worth Today Self-Driving Truck Maker TuSimple Hires Morgan Stanley To Help Raise 0M In Fresh Funding: Report © 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. View comments', 'A standard way to transact bitcoin could be misused to enable a kind of double-spending, new research has found. Blockchain sleuths at ZenGo, a wallet startup, have found a vulnerability that affected at least three major competing crypto wallets – Ledger Live, Edge and Breadwallet (BRD) – and potentially more. The bug, which the Tel Aviv-based firm calls BigSpender, allows a hacker to double-spend a user’s funds and possibly prevent them from ever using their wallet again. It works by exploiting how certain wallet’s handle Bitcoin’s replace-by-fee (RBF) function, a failsafe that enables users to swap an unconfirmed transaction with one that has a higher fee. Related: Nomura-Backed Crypto Custody Venture Launches After 2 Years in the Works “[BigSpender] can lead to substantial financial losses and in some cases to make the victim’s wallet totally unusable, with no way for the victim to protect themselves,” ZenGo CEO Ouriel Ohayon said in an email. “So this can be seen as a high severity attack .” Like other optional Bitcoin features with associated vulnerabilities, such as time-locked transactions , the RBF function has become a standard way for users to send value back and forth. It was pitched and accepted by the developer community as a way for Bitcoiners to circumvent slow confirmation times by paying more in fees. See also: Raphael Auer – The Security Trilemma and the Future of Bitcoin From the outset, there were fears the RBF function was not well supported by bitcoin wallets, despite being integrated at the Bitcoin system’s protocol layer, the pseudonymous Bitcoin researcher 0xB10C said. “ZenGo shows that a user can be tricked into thinking he is receiving bitcoin when he is not. I believe this to be novel. I’ve at least not heard about it before,” he said. Related: Thailand to Raise $6.4M With Sale of Blockchain-Based Bonds The firm tested nine different wallets including Ledger Live, Trust wallet, Exodus, Edge, Bread, Coinbase, Blockstream Green, Blockchain and Atomic Wallet. Of those tested, three were found to be vulnerable to the theoretical exploit. Story continues “We have not tested all the wallets but it could be that if three of the largest are implicated, more out there are, too,” Ohayon said. ZenGo alerted the firms about its findings, and gave them 90 days to repair the vulnerability. Ledger and BRD have released code changes to prevent the attack from happening, and paid undisclosed bug bounties to ZenGo, while Edge is undergoing a “significant refactor” that will address the issue, Edge CEO Paul Puey said in an email. The hack leverages a known vulnerability in how certain wallets treat unconfirmed transactions, including but not limited to RBF ones, said Peter Todd, a former Bitcoin developer and RBF’s architect . How it works: Attackers send funds to their intended victim, and set fees low enough to nearly guarantee the transaction will not receive a confirmation. For vulnerable wallets, this pending transaction will be reflected as an increase in the recipient’s account balance, possibly leading some victims to erroneously believe the pending transaction has already been confirmed. The attacker then “cancels” the pending transaction, in ZenGo’s terminology, by using RBF to change the recipient to an address they control.\xa0 By the time the victim realizes that the transaction has, in fact, been canceled, he’ll have delivered the goods. To be clear: Similar attacks were possible before RBF, but in the absence of proper precautions by wallet providers, the payment option has highlighted the risk. This discrepancy between a victim’s stated and actual balance could be exploited by malicious actors tricking people into providing goods or services without paying for them – except the minimal amount of fees spent. In this sense, the flaw is with a wallet’s UX and UI design. Double trouble? If a hacker can trick a person into believing they received payment, while simultaneously maintaining control of the bitcoin, this is a double-spend , according to ZenGo’s researchers. Others contest this use of the term. “You have to decide what is the definition of a double-spend. Most people that aren’t trolls would say that a double-spend is when you have a confirmed transaction that is somehow invalidated and spent with a different confirmed transaction,” Jameson Lopp, CTO of custody startup Casa. This attack, by its nature, takes advantage of the way wallets display unconfirmed transactions. In this sense, the attack – while fraudulent – isn’t breaking the way the Bitcoin code functions. “The whole point of the blockchain is to prevent the double-spend problem,” Lopp said. “It goes back to the original Satoshi white paper , which says the solution to double-spending is to have a distributed ledger that many people are checking.” The only thing you can rely on is transactions that have been mined A general rule of thumb when transacting with bitcoin is to never trust a transaction with fewer than six confirmations, 0xB10C said. This was a point repeated by a number of developers, including Todd, Lopp and BRD CTO Samuel Sutch. If this exploit goes through, at least some of the responsibility is on the victim. “The only thing you can rely on is transactions that have been mined,” Todd said. In this sense, Sutch called BigSpender a “minor bug,” and “kind of contrived,” but also something worth fixing and paying a bug bounty for. BRD recently passed 5 million users, Sutch said. “More wallet developers need to know their users don’t know the distinctions under the hood,” Lopp said. Many don’t even know the difference between confirmed and unconfirmed from a security standpoint. So the onus is on developers to build a better user expe **Last 60 Days of Bitcoin's Closing Prices:** [8897.47, 8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85, 9771.49, 9795.70, 9870.09, 9321.78, 9480.84, 9475.28, 9386.79, 9450.70, 9538.02, 9480.25, 9411.84, 9288.02, 9332.34, 9303.63, 9648.72, 9629.66, 9313.61, 9264.81, 9162.92, 9045.39, 9143.58, 9190.85, 9137.99, 9228.33] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-07-02 **Financial & Commodity Data:** - Gold Closing Price: $1784.00 - Crude Oil Closing Price: $40.65 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $170,295,904,625 - Hash Rate: 128680584.459468 - Transaction Count: 339469.0 - Unique Addresses: 674745.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.42 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: The Crude oil international benchmark contract lost about 25 cents yesterday. Strengthening concerns about global energy demand increased momentum after a surge in COVID-19 caseloads around the world led China to postpone flights and close schools. In addition, a surge in U.S. crude inventories to a record high in two weeks, dampened oil traders’ bullish sentiments even though the U.S government data showedstockpiles for distillate and gasoline dropped. Understanding Brent Crude; Brent crude is the leading global benchmark for Atlantic basin crude oils. The international benchmark is used to set the price of crude oil of about two-thirds of the world’s traded crude oil including Nigeria’s crude. “People are concerned about the coronavirus resurging in China and crude stockpiles rising,”said Lachlan Shaw, head of commodity research at National Australia Bank. Consequently, to tackle weakened oil demand, OPEC and its major allies agreed to a record supply cut that started last month, while Nigeria and other major oil-producing countries pledged to produce less crude oil, in other to support crude oil prices. OPEC said these cuts were already serving its purpose. “The oil market was strongly supported by a reduction of the global crude oil surplus, thanks mainly to the historic voluntary production adjustment agreement,”OPEC said, adding it saw a “gradual recovery” in demand until the end of the year. For a look at all of today’s economic events, check out oureconomic calendar. The article was written by Olumide Adesina an Investment Professional Thisarticlewas originally posted on FX Empire • Brent Crude Falls, U.S Crude Oil Inventories Record a two week High • Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – June 18th, 2020 • Bitcoin Cash gains 65% since March, shows more stability • An Unease in Markets, but will COVID19 Really Derail the Risk Rally? • Stocks Pull Back after Bumper Start to the Week • Surging Retail Sales, Cautious Powell, and Gold... - Reddit Posts (Sample): [['u/CuriousTitmouse', "Since they're calling for r/btc to be banned...", 184, '2020-07-02 01:31', 'https://www.reddit.com/r/btc/comments/hjlt7q/since_theyre_calling_for_rbtc_to_be_banned/', 'Maybe it\'s time to discuss r/bitcoin\'s history again. Credit to u/singularity87 for the original post over 3 years ago. \n\n&amp;#x200B;\n\nPeople should get the full story of [r/bitcoin](https://www.reddit.com/r/bitcoin/) because it is probably one of the strangest of all reddit subs.\n\n[r/bitcoin](https://www.reddit.com/r/bitcoin/), the main sub for the bitcoin community is held and run by a person who goes by the pseudonym [u/theymos](https://www.reddit.com/u/theymos/). Theymos not only controls [r/bitcoin](https://www.reddit.com/r/bitcoin/), but also bitcoin.org and bitcointalk.com. These are top three communication channels for the bitcoin community, all controlled by just one person.\n\nFor most of bitcoin\'s history this did not create a problem (at least not an obvious one anyway) until around mid 2015. This happened to be around the time a new player appeared on the scene, a for-profit company called Blockstream. Blockstream was made up of/hired many (but not all) of the main bitcoin developers. (To be clear, Blockstream was founded before mid 2015 but did not become publicly active until then). A lot of people, including myself, tried to point out there we\'re some very serious potential conflicts of interest that could arise when one single company controls most of the main developers for the biggest decentralised and distributed cryptocurrency. There were a lot of unknowns but people seemed to give them the benefit of the doubt because they were apparently about to release some new software called "sidechains" that could offer some benefits to the network.\n\nNot long after Blockstream came on the scene the issue of bitcoin\'s scalability once again came to forefront of the community. This issue came within the community a number of times since bitcoins inception. Bitcoin, as dictated in the code, cannot handle any more than around 3 transactions per second at the moment. To put that in perspective Paypal handles around 15 transactions per second on average and VISA handles something like 2000 transactions per second. The discussion in the community has been around how best to allow bitcoin to scale to allow a higher number of transactions in a given amount of time. I suggest that if anyone is interested in learning more about this problem from a technical angle, they go to [r/btc](https://www.reddit.com/r/btc/) and do a search. It\'s a complex issue but for many who have followed bitcoin for many years, the possible solutions seem relatively obvious. Essentially, currently the limit is put in place in just a few lines of code. This was not originally present when bitcoin was first released. It was in fact put in place afterwards as a measure to stop a bloating attack on the network. Because all bitcoin transactions have to be stored forever on the bitcoin network, someone could theoretically simply transmit a large number of transactions which would have to be stored by the entire network forever. When bitcoin was released, transactions were actually for free as the only people running the network were enthusiasts. In fact a single bitcoin did not even have any specific value so it would be impossible set a fee value. This meant that a malicious person could make the size of the bitcoin ledger grow very rapidly without much/any cost which would stop people from wanting to join the network due to the resource requirements needed to store it, which at the time would have been for very little gain.\n\nTowards the end of the summer last year, this bitcoin scaling debate surfaced again as it was becoming clear that the transaction limit for bitcoin was semi regularly being reached and that it would not be long until it would be regularly hit and the network would become congested. This was a very serious issue for a currency. Bitcoin had made progress over the years to the point of retailers starting to offer it as a payment option. Bitcoin companies like, Microsoft, Paypal, Steam and many more had began to adopt it. If the transaction limit would be constantly maxed out, the network would become unreliable and slow for users. Users and businesses would not be able to make a reliable estimate when their transaction would be confirmed by the network.\n\nUsers, developers and businesses (which at the time was pretty much the only real bitcoin subreddit) started to discuss how we should solve the problem [r/bitcoin](https://www.reddit.com/r/bitcoin/). There was significant support from the users and businesses behind a simple solution put forward by the developer Gavin Andreesen. Gavin was the lead developer after Satoshi Nakamoto left bitcoin and he left it in his hands. Gavin initially proposed a very simple solution of increasing the limit which was to change the few lines of code to increase the maximum number of transactions that are allowed. For most of bitcoin\'s history the transaction limit had been set far far higher than the number of transactions that could potentially happen on the network. The concept of increasing the limit one time was based on the fact that history had proven that no issue had been cause by this in the past.\n\nA certain group of bitcoin developers decided that increasing the limit by this amount was too much and that it was dangerous. They said that the increased use of resources that the network would use would create centralisation pressures which could destroy the network. The theory was that a miner of the network with more resources could publish many more transactions than a competing small miner could handle and therefore the network would tend towards few large miners rather than many small miners. The group of developers who supported this theory were all developers who worked for the company Blockstream. The argument from people in support of increasing the transaction capacity by this amount was that there are always inherent centralisation pressure with bitcoin mining. For example miners who can access the cheapest electricity will tend to succeed and that bigger miners will be able to find this cheaper electricity easier. Miners who have access to the most efficient computer chips will tend to succeed and that larger miners are more likely to be able to afford the development of them. The argument from Gavin and other who supported increasing the transaction capacity by this method are essentially there are economies of scale in mining and that these economies have far bigger centralisation pressures than increased resource cost for a larger number of transactions (up to the new limit proposed). For example, at the time the total size of the blockchain was around 50GB. Even for the cost of a 500GB SSD is only $150 and would last a number of years. This is in-comparison to the $100,000\'s in revenue per day a miner would be making.\n\nVarious developers put forth various other proposals, including Gavin Andresen who put forth a more conservative increase that would then continue to increase over time inline with technological improvements. Some of the employees of blockstream also put forth some proposals, but all were so conservative, it would take bitcoin many decades before it could reach a scale of VISA. Even though there was significant support from the community behind Gavin\'s simple proposal of increasing the limit it was becoming clear certain members of the bitcoin community who were part of Blockstream were starting to become increasingly vitriolic and divisive. Gavin then teamed up with one of the other main bitcoin developers Mike Hearn and released a coded (i.e. working) version of the bitcoin software that would only activate if it was supported by a significant majority of the network. What happened next was where things really started to get weird.\n\nAfter this free and open source software was released, Theymos, the person who controls all the main communication channels for the bitcoin community implemented a new moderation policy that disallowed any discussion of this new software. Specifically, if people were to discuss this software, their comments would be deleted and ultimately they would be banned temporarily or permanently. This caused chaos within the community as there was very clear support for this software at the time and it seemed our best hope for finally solving the problem and moving on. Instead a censorship campaign was started. At first it \'all\' they were doing was banning and removing discussions but after a while it turned into actively manipulating the discussion. For example, if a thread was created where there was positive sentiment for increasing the transaction capacity or being negative about the moderation policies or negative about the actions of certain bitcoin developers, the mods of [r/bitcoin](https://www.reddit.com/r/bitcoin/) would selectively change the sorting order of threads to \'controversial\' so that the most support opinions would be sorted to the bottom of the thread and the most vitriolic would be sorted to the top of the thread. This was initially very transparent as it was possible to see that the most downvoted comments were at the top and some of the most upvoted were at the bottom. So they then implemented hiding the voting scores next to the users name. This made impossible to work out the sentiment of the community and when combined with selectively setting the sorting order to controversial it was possible control what information users were seeing. Also, due to the very very large number of removed comments and users it was becoming obvious the scale of censorship going on. To hide this they implemented code in their CSS for the sub that completely hid comments that they had removed so that the censorship itself was hidden. Anyone in support of scaling bitcoin were removed from the main commun... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9087.30, 9132.49, 9073.94, 9375.47, 9252.28, 9428.33, 9277.97, 9278.81, 9240.35, 9276.50
You are an expert financial analyst. Your primary task is to 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 1.51% on Thursday. Reversing a 0.98% gain from Wednesday, Bitcoin ended the day at $9,100.0. A mixed start to the day saw Bitcoin rise to an early morning intraday high $9,266.2 before hitting reverse. Falling short of the first major resistance level at $9,322.13, Bitcoin fell to a mid-morning low $9,171.8. Steering clear of the major support levels, Bitcoin recovered to $9,260 levels before a 2 nd sell-off. The 2 nd sell-off saw Bitcoin slide to a late afternoon intraday low $8,950. Bitcoin fell through the first major support level at $9,133.53 and the second major support level at $9,027.17. Avoiding the 23.6% FIB of $8,900, Bitcoin recovered to $9,100 levels to limit the loss on the day. While breaking back through the second major support level, the first major support level at $9,133.53 pinned Bitcoin back. The near-term bullish trend remained intact in spite of the recent pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Thursday. Cardano’s ADA slid by 4.03% to lead the way down. Binance Coin (-2.72%), Bitcoin Cash ABC (-2.06%), Bitcoin Cash SV (-2.59%), Ethereum (-2.02%), Litecoin (-1.79%), Stellar’s Lumen (-2.48%), Tezos (-2.63%), and Tron’s TRX (-1.73%) also struggled. EOS (-0.71%), and Ripple’s XRP (-0.83%) saw relatively modest losses. Monero’s XMR bucked the trend, rising by 1.19%. Through the current week, the crypto total market cap rose to a Wednesday high $260.82bn before falling to a Thursday low $249.3bn. At the time of writing, the total market cap stood at $254.86bn. Bitcoin’s dominance rose to a Monday high 66.29% before falling to a Thursday low 65.63%. At the time of writing, Bitcoin’s dominance stood at 65.81%. This Morning At the time of writing, Bitcoin was up by 0.12% to $9,110.8. A mixed start to the day saw Bitcoin fall to an early morning low $9,083.0 before rising to a high $9,110.9. Story continues Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Binance Coin (-0.02%), Ethereum (-0.11%), Litecoin (-0.05%), Monero’s XMR (-0.12%), Stellar’s Lumen (-0.31%), and Tezos (-0.80%) struggled early on. It was a relatively bullish start for the rest of the majors. At the time of writing, Cardano’s ADA was up by 0.54% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall back through the $9,100 pivot to support a run at the first major resistance level at $9,260.8. Support from the broader market would be needed, however, for Bitcoin to break out from Thursday’s high $9,266.2. Barring an extended crypto rebound, the first major resistance level and Thursday’s high would likely cap any upside. In the event of a crypto breakout, Bitcoin could test the second major resistance level at $9,421.6 before any pullback. Failure to avoid a fall back through the $9,100 pivot level could see Bitcoin struggle on the day. A fall back through to sub-$9,100 would bring the first major support level at $8,944.6 into play. Barring another extended crypto sell-off, Bitcoin should avoid the second major support level at $8,789.2. The 23.6% FIB of $8,900 should limit any downside on the day. This article was originally posted on FX Empire More From FXEMPIRE: Natural Gas Price Forecast – Natural Gas Markets Stagnant Natural Gas Price Prediction – Prices Rally on Soft Inventory Build American Airlines Takes Leap Of Faith With Increased Capacity Oil Price Fundamental Daily Forecast – Prices Retreat from Highs Ahead of Long Holiday Weekend USD/CAD Daily Forecast – Resistance At The 20 EMA Stays Strong USD/JPY Price Forecast – US Dollar Continues to Grind Sideways', 'Bitcoin fell by 1.51% on Thursday. Reversing a 0.98% gain from Wednesday, Bitcoin ended the day at $9,100.0. A mixed start to the day saw Bitcoin rise to an early morning intraday high $9,266.2 before hitting reverse. Falling short of the first major resistance level at $9,322.13, Bitcoin fell to a mid-morning low $9,171.8. Steering clear of the major support levels, Bitcoin recovered to $9,260 levels before a 2 nd sell-off. The 2 nd sell-off saw Bitcoin slide to a late afternoon intraday low $8,950. Bitcoin fell through the first major support level at $9,133.53 and the second major support level at $9,027.17. Avoiding the 23.6% FIB of $8,900, Bitcoin recovered to $9,100 levels to limit the loss on the day. While breaking back through the second major support level, the first major support level at $9,133.53 pinned Bitcoin back. The near-term bullish trend remained intact in spite of the recent pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Thursday. Cardano’s ADA slid by 4.03% to lead the way down. Binance Coin (-2.72%), Bitcoin Cash ABC (-2.06%), Bitcoin Cash SV (-2.59%), Ethereum (-2.02%), Litecoin (-1.79%), Stellar’s Lumen (-2.48%), Tezos (-2.63%), and Tron’s TRX (-1.73%) also struggled. EOS (-0.71%), and Ripple’s XRP (-0.83%) saw relatively modest losses. Monero’s XMR bucked the trend, rising by 1.19%. Through the current week, the crypto total market cap rose to a Wednesday high $260.82bn before falling to a Thursday low $249.3bn. At the time of writing, the total market cap stood at $254.86bn. Bitcoin’s dominance rose to a Monday high 66.29% before falling to a Thursday low 65.63%. At the time of writing, Bitcoin’s dominance stood at 65.81%. This Morning At the time of writing, Bitcoin was up by 0.12% to $9,110.8. A mixed start to the day saw Bitcoin fall to an early morning low $9,083.0 before rising to a high $9,110.9. Story continues Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Binance Coin (-0.02%), Ethereum (-0.11%), Litecoin (-0.05%), Monero’s XMR (-0.12%), Stellar’s Lumen (-0.31%), and Tezos (-0.80%) struggled early on. It was a relatively bullish start for the rest of the majors. At the time of writing, Cardano’s ADA was up by 0.54% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall back through the $9,100 pivot to support a run at the first major resistance level at $9,260.8. Support from the broader market would be needed, however, for Bitcoin to break out from Thursday’s high $9,266.2. Barring an extended crypto rebound, the first major resistance level and Thursday’s high would likely cap any upside. In the event of a crypto breakout, Bitcoin could test the second major resistance level at $9,421.6 before any pullback. Failure to avoid a fall back through the $9,100 pivot level could see Bitcoin struggle on the day. A fall back through to sub-$9,100 would bring the first major support level at $8,944.6 into play. Barring another extended crypto sell-off, Bitcoin should avoid the second major support level at $8,789.2. The 23.6% FIB of $8,900 should limit any downside on the day. This article was originally posted on FX Empire More From FXEMPIRE: Natural Gas Price Forecast – Natural Gas Markets Stagnant Natural Gas Price Prediction – Prices Rally on Soft Inventory Build American Airlines Takes Leap Of Faith With Increased Capacity Oil Price Fundamental Daily Forecast – Prices Retreat from Highs Ahead of Long Holiday Weekend USD/CAD Daily Forecast – Resistance At The 20 EMA Stays Strong USD/JPY Price Forecast – US Dollar Continues to Grind Sideways', 'Ever since its inception, bitcoin has been dubbed “digital gold,” given it is durable, fungible, divisible and scarce like the precious metal.\nHowever, while gold has a strongtrack recordof rallying in times of stress in the global equity markets, bitcoin is yet to build a similar reputation as a safe-haven asset.\nIn fact, in recent months, the cryptocurrency has been increasingly correlated with the S&P 500, Wall Street’s equity index and benchmark for global stock markets. Now, data suggests that relationship is stronger than ever, likely denting its appeal as digital gold.\nRelated:First Mover: As Bitcoiners Watch Dollar, Deutsche Sees Trump Win Hurting Reserve Status\nThe one-month bitcoin-S&P 500 realized correlation rose to a record high of 66.2% on June 30 and stood at 65.8% on Thursday, according to crypto derivatives research firmSkew, which began tracking the data in April 2018.\n“While bitcoin and S&P 500 correlation is always a very good indicator of market movement, it never really maintains a consistent position. Bitcoin behaves more like a highly leveraged position and follows the market trends in a more volatile, dramatic up and down swings,” said Wayne Chen, CEO and director of Interlapse Technologies, a fintech firm.\nThe one-month metric oscillated largely in the range of -30% to 50% for 12 months before rising to record highs above 60% on June 30. The data indeed shows that bitcoin’s correlation with the S&P 500 is somewhat inconsistent.\nThe one-year correlation has also risen to lifetime highs above 37%, according to Skew. One should note, though, that readings between 30% to 50% imply a relatively weak correlation between variables.\nRelated:Bitcoin Rises in Line With Stocks After Dip Below $9K\n“Bitcoin, by all accounts, is still a risk asset. Despite those who may tout its fundamental similarities to gold, it has not yet proven to be a sufficient hedge or a flight to safety in times of risk-off sentiment,” said Matthew Dibb, co-founder of Stack, a provider of cryptocurrency trackers and index funds.\nRisk assetsare the those with fortunes tied to the state of the global economy. For instance, prices of stocks and industrial metals like copper tend to rise when the global economic growth rate is expected to pick up pace and falter during an economic slowdown.\nBitcoin has more or less behaved like a risk asset this year. The cryptocur **Last 60 Days of Bitcoin's Closing Prices:** [8912.65, 9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85, 9771.49, 9795.70, 9870.09, 9321.78, 9480.84, 9475.28, 9386.79, 9450.70, 9538.02, 9480.25, 9411.84, 9288.02, 9332.34, 9303.63, 9648.72, 9629.66, 9313.61, 9264.81, 9162.92, 9045.39, 9143.58, 9190.85, 9137.99, 9228.33, 9123.41] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-07-03 **Financial & Commodity Data:** - Gold Closing Price: $1784.00 - Crude Oil Closing Price: $40.65 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $170,295,904,625 - Hash Rate: 127895946.749349 - Transaction Count: 331009.0 - Unique Addresses: 661454.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.41 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin fell by 0.77% on Thursday. Following on from a 0.64% decline on Wednesday, Bitcoin ended the day at $9,400.0. It was a mixed start to the day. Bitcoin recovered from an early dip to strike a late morning intraday high $9,496.9 before hitting reverse. Falling well short of the first major resistance level at $9,606.27, Bitcoin slid to a late intraday low $9,285.0. The reversal saw Bitcoin fall through the first major support level at $9,300.27 before finding late support. Bitcoin broke back through the first major support level to $9,400 levels, limiting the loss on the day. The near-term bullish trend remained intact in spite of last week’s sell-off, with Bitcoin holding well above the 23.6% FIB of $8,900. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a bearish day on Thursday. Binance Coin (-1.53%), Bitcoin Cash SV (-1.49%), Cardano’s ADA (-1.91%), Litecoin (-1.45%), Ripple’s XRP (-1.68%), and Stellar’s Lumen (-1.47%) lead the way down. Bitcoin Cash ABC (-1.21%), EOS (-1.19%), Ethereum (-1.09%), and Tron’s TRX (-1.03%) also struggled on the day. Monero’s XMR and Tezos saw relatively modest losses of 0.17% and 0.51% respectively. Through the current week, the crypto total market cap fell to a Monday low $246.94bn before rising to a Wednesday high $266.87bn. At the time of writing, the total market cap stood at $260.24bn. Bitcoin’s dominance rose to a Monday high 66.60% before sliding to a Wednesday low 65.87%. At the time of writing, Bitcoin’s dominance stood at 66.10%. This Morning At the time of writing, Bitcoin was down by 0.48% to $9,355.0. A bearish start to the day saw Bitcoin fall from an early morning high $9,400.0 to a low $9,333.4. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day on Friday. Story continues Binance Coin was up by 0.33% to buck the trend early on. It was bearish for the rest of the pack, however, with Cardano’s ADA down by 1.05% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to move through the $9,394 pivot to bring the first major resistance level at $9,502.93 into play. Support from the broader market would be needed, however, for Bitcoin to break out from Thursday’s high $9,496.6. Resistance at $9,500 has continued to pin Bitcoin back since 11 th June. Barring a broad-based crypto rally, the first major resistance level and Thursday’s high $9,496.9 would likely cap any upside. In the event of a crypto breakout, Bitcoin could test the second major resistance level at $9,595.87. Failure to move through the $9,394 pivot level could see Bitcoin struggle on the day. A fall through the morning low $9,333.4 would bring the first major support level at $9,291.03 into play. Barring another extended crypto sell-off, however, Bitcoin should steer clear of sub-$9,000 levels. The second major support level at $9,182.07 should limit any downside. This article was originally posted on FX Empire More From FXEMPIRE: European Equities: A Quiet Economic Calendar Leaves Stimulus and COVID-19 News in Focus Gold Has Finally Cleared Major Resistance – Time for Liftoff EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – June 19th, 2020 US Stock Market Overview – Stocks Close Mixed; Dow Drop and Nasdaq Continue to Rally Silver Price Forecast – Silver Markets Give Back Early Gains A 2nd Term and a 2nd Impeachment – Only in America... - Reddit Posts (Sample): [['u/GuideZ', '"Restrictions in Raid needs" to be "Restrictions BEFORE Raid" instead', 325, '2020-07-03 02:43', 'https://www.reddit.com/r/EscapefromTarkov/comments/hk9aj7/restrictions_in_raid_needs_to_be_restrictions/', 'Visual example of current anti-RMT measures: [https://imgur.com/Ll7028H](https://imgur.com/Ll7028H)(yes I know the gphones are insured. I did it on purpose. I didn\'t hit insure all. /s)\n\nBSG is slowly adding more and more items to the list of "Restrictions in Raid", mainly for \\*drumroll\\* anti-RMT.\n\n**Suggestion**: Change the system so that it\'s restrictions BEFORE raid, not DURING the raid. It makes sense that someone is not going to bring in 10 bitcoins to a raid. But it is really silly that now if I find 3 Golden 1GPhones in Techlight (**happened to me this wipe**), I can ONLY pick up 2 of them.\n\nI\'m sure the logic to do a change like that is almost there: We already can\'t enter Labs on the map selection screen without a Keycard. So, if possible, please do a similar check on users before they enter a raid (ie; you can\'t enter a raid with 4 Tetriz!), but let us stuff as much stuff up our butts DURING a raid. Please.\n\n***edit***\n\nNot to mention backpack management has become an absolute nightmare. I can\'t move a trizip or pilgrim around because I have no-where to put them and can only equip one at a time.\n\n***edit 2***\n\nhad a thought: the more they add to the restrictions, the more of a pain in the ass it\'s gonna be to tetris your inventory. I just tried to move around 4 pressure gauges I have, and apparently you can only have two on your person now.', 'https://www.reddit.com/r/EscapefromTarkov/comments/hk9aj7/restrictions_in_raid_needs_to_be_restrictions/', 'hk9aj7', [['u/ItsmeAngel', 158, '2020-07-03 02:50', 'https://www.reddit.com/r/EscapefromTarkov/comments/hk9aj7/restrictions_in_raid_needs_to_be_restrictions/fwrazs5/', 'Wait what?\nTheres a limit on WHAT YOU CAN LOOT!?\n\nI thought only what u can bring.\n\nThats - fucking dumb? Soz. If I understood incorrectly.\n\nImagine having a loot spree from a good raid but, u cant due to restrictions - to fight RMT.\n\nWHAT.', 'hk9aj7'], ['u/GuideZ', 10, '2020-07-03 02:59', 'https://www.reddit.com/r/EscapefromTarkov/comments/hk9aj7/restrictions_in_raid_needs_to_be_restrictions/fwrbv0i/', 'I bring my buddies gear and stuff back all the time. I had a spare non-FiR "Phased array element" I gave my squadmate so that he could build his solar array panel. Restricting ALL loot like that wouldn\'t be a good thing for squads.', 'hk9aj7'], ['u/GuideZ', 14, '2020-07-03 03:01', 'https://www.reddit.com/r/EscapefromTarkov/comments/hk9aj7/restrictions_in_raid_needs_to_be_restrictions/fwrc2ew/', "My understanding is yes: Due to RMT, more and more items are being added to the list of restrictions. I believe if you have a Pilgrim on your back already, you cannot take someone else's Pilgrim with you, for example.", 'hk9aj7'], ['u/ItsmeAngel', 11, '2020-07-03 03:03', 'https://www.reddit.com/r/EscapefromTarkov/comments/hk9aj7/restrictions_in_raid_needs_to_be_restrictions/fwrc9wa/', "You cant stack backpacks in raid sure - but are you certain you're limited to what you can actually loot aka like the Gphones?", 'hk9aj7'], ['u/crailey17', 14, '2020-07-03 03:25', 'https://www.reddit.com/r/EscapefromTarkov/comments/hk9aj7/restrictions_in_raid_needs_to_be_restrictions/fwref5o/', "Love this game, but they're botching these changes.", 'hk9aj7'], ['u/The-Dawadez', 14, '2020-07-03 03:51', 'https://www.reddit.com/r/EscapefromTarkov/comments/hk9aj7/restrictions_in_raid_needs_to_be_restrictions/fwrgvws/', 'That are no longer fir once you enter a raid', 'hk9aj7'], ['u/Lamehatred', 12, '2020-07-03 05:09', 'https://www.reddit.com/r/EscapefromTarkov/comments/hk9aj7/restrictions_in_raid_needs_to_be_restrictions/fwrodu6/', 'Also if youre running labs with every keycard and you find a second or third green key, you wont be able to pick it up.', 'hk9aj7'], ['u/Heli0s_one', 31, '2020-07-03 08:16', 'https://www.reddit.com/r/EscapefromTarkov/comments/hk9aj7/restrictions_in_raid_needs_to_be_restrictions/fws3ya9/', 'You see, their plan to fight RMT is both genius and flawless. Their goal is to make everyone leave the game out of frustration, then there’ll be no one left to buy RMT!', 'hk9aj7'], ['u/Lyesainer', 22, '2020-07-03 09:26', 'https://www.reddit.com/r/EscapefromTarkov/comments/hk9aj7/restrictions_in_raid_needs_to_be_restrictions/fws8onp/', "Indeed, this is completely wrong.\n\nNot being able to LOOT whatever should never be a thing.\n\nAny control done on items in order to combat RMT should be done **BEFORE** the raid, just like it's done with the amount of **money** you can bring in a raid.", 'hk9aj7'], ['u/AS7RONAUT', 35, '2020-07-03 09:42', 'https://www.reddit.com/r/EscapefromTarkov/comments/hk9aj7/restrictions_in_raid_needs_to_be_restrictions/fws9qnr/', 'It is a total joke. If an item is FIR you should be able to pick up as many as you find.', 'hk9aj7'], ['u/ItsmeAngel', 10, '2020-07-03 17:04', 'https://www.reddit.com/r/EscapefromTarkov/comments/hk9aj7/restrictions_in_raid_needs_to_be_restrictions/fwt6you/', 'The game is in a constant testing phase.\n\nSure, does it have to be perfect? No\nMistakes happen - thats ok.\n\nBut I think generally speaking people here are showing feedback, maybe not in the best of ways.\nIt however shows results of the "test".\n\n\nUp to them not to take it personal and up to us players to be decent human beings.\n\nAcknowledging the fact that they are trying to fight RMT is a good place to start.\nBut collateral damage to players who play legit and are complaining.\n\nBoo hoo for both sides.\nI do have high hopes they fix adjust like always, let them test whatever its their game.\nLet us gamers give feedback let that be through rage or just plain and simple frustration.\nOr usually a happy compromised solution which does happen more often than the bad and needs a shout too.\n\nAll of these are a reflection of testing.\nJust my two roubles.', 'hk9aj7']]], ['u/AutoModerator', '[Daily Discussion] Friday, July 03, 2020', 33, '2020-07-03 06:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/hkcb3u/daily_discussion_friday_july_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/hkcb3u/daily_discussion_friday_july_03_2020/', 'hkcb3u', [['u/Xbalanque9', 15, '2020-07-03 07:18', 'https://www.reddit.com/r/BitcoinMarkets/comments/hkcb3u/daily_discussion_friday_july_03_2020/fwrzl75/', 'Apomp was on a pretty interesting podcast with Bill Burr and Bert Kreischer and he seemed to convince Bill to buy bitcoin \n\n\nunequivocally bullish', 'hkcb3u'], ['u/Nagosh', 42, '2020-07-03 13:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/hkcb3u/daily_discussion_friday_july_03_2020/fwso4nl/', "Some TA for you all.\n\nThis is the tightest the 3 Day BB's have been in a long while, 0.14. Starting from mid 2014's there have been only 6 occasions that the BB's have gotten this tight. Two out of the six the price broke down. Both of those occasions happened within a year after a major bubble, July 2014 and November 2018. Every other 4 out of 6 times the price broke out, and only 1 of those 4 the price broke out and then dumped a few months later to the same price.\n\nAlthough a sample size of 6 is hardly anything the fact that the pattern is pretty consistent, tight 3 Day BB's after price bubble equals drop, long price discovery which leads to price stability equals pump, is pretty compelling.\n\nOf course there are other, outside factors to consider but statistically a long is the play here. I would like to see a pump soonish, though. We just continue to bleed out slowly, and there doesn't seem to be many buyers. Time will tell.", 'hkcb3u'], ['u/SwainIsABird', 11, '2020-07-03 14:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/hkcb3u/daily_discussion_friday_july_03_2020/fwsrfgz/', 'Low sample size but interesting nonetheless. Thanks.', 'hkcb3u'], ['u/jarederaj', 12, '2020-07-03 22:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/hkcb3u/daily_discussion_friday_july_03_2020/fwuaakn/', "Keep it on topic gents. If you want to talk politics this isn't the sub for that.\n\nWe will assume you are a Russian troll if you invite political discussion.\n\nHappy 4th of July.", 'hkcb3u']]], ['u/rBitcoinMod', 'Daily Discussion, July 03, 2020', 23, '2020-07-03 09:00', 'https://www.reddit.com/r/Bitcoin/comments/hkegij/daily_discussion_july_03_2020/', "Please utilize this sticky thread for all general **Bitcoin** discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!\r\n\r\nIf you don't get an answer to your question, you can try phrasing it di... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9132.49, 9073.94, 9375.47, 9252.28, 9428.33, 9277.97, 9278.81, 9240.35, 9276.50, 9243.61
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 0.30% on Friday. Following on from a 1.51% slide from Thursday, Bitcoin ended the day at $9,073.2.\nIt was a relatively range-bound day for Bitcoin. A bullish start to the day saw Bitcoin rise to a late morning intraday high $9,135.5 before pulling back.\nFalling well short of the first major resistance level at $9,260.8, Bitcoin slid to a late morning intraday low $9,056.7.\nSteering clear of the first major support level at $8,944.6, Bitcoin moved back through to $9,130 levels before easing back.\nA bearish end to the day left Bitcoin in the red.\nThe near-term bullish trend remained intact in spite of the recent pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Friday.\nCardano’s ADA reversed Thursday’s slide, with a 3.87% gain to lead the way.\nBitcoin Cash SV (+0.70%), EOS (+2.46%), Litecoin (+0.22%), Ripple’s XRP (+1.02%), and Tron’s TRX (+0.78%) also found support.\nIt was bearish for the rest of the majors, however.\nBinance Coin (-0.59%), Bitcoin Cash ABC (-0.44%), Ethereum (-0.61%), Monero’s XMR (-3.48%), Stellar’s Lumen (-0.40%), and Tezos (-2.41%) struggled on the day.\nThrough the current week, the crypto total market cap rose to a Wednesday high $260.82bn before falling to a Thursday low $249.45bn. At the time of writing, the total market cap stood at $254.5bn.\nBitcoin’s dominance rose to a Monday high 66.29% before falling to a Friday low 65.39%. At the time of writing, Bitcoin’s dominance stood at 65.63%.\nAt the time of writing, Bitcoin was down by 0.04% to $9,069.2. A mixed start to the day saw Bitcoin fall to an early morning low $9,063.2 before rising to a high $9,086.6.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it’s a mixed start to the day.\nBinance Coin (-0.34%), Ethereum (-0.03%), Monero’s XMR (-0.02%), Stellar’s Lumen (-0.01%), and Tezos (-0.20%) joined Bitcoin in the red.\nIt was a bullish start to the day for the rest of the majors. At the time of writing, Cardano’s ADA was up by 1.72% to lead the way.\nBitcoin would need to move through the $9,090 pivot to support a run at the first major resistance level at $9,120.23.\nSupport from the broader market would be needed, however, for Bitcoin to break back through to $9,100 levels.\nBarring an extended crypto rebound, the first major resistance level and Friday’s high $9,135.5 would likely cap any upside.\nIn the event of a crypto breakout, Bitcoin should break through the second major resistance level at $9,167.27 before any pullback.\nFailure to move through the $9,090 pivot level could see Bitcoin struggle on the day.\nA fall back through Friday’s low $9,056.7 would bring the first major support level at $9,041.43 into play.\nBarring an extended crypto sell-off, Bitcoin should avoid sub-$9,000 and the 23.6% FIB of $8,900. The second major support level at $9,009.67 should limit any downside on the day.\nThisarticlewas originally posted on FX Empire\n• S&P 500 Price Forecast – Stock Markets Fail at Exhaustion Point\n• Gold Weekly Price Forecast – Gold Markets Form Neutral Candle\n• USD/JPY Weekly Price Forecast – US Dollar Continues to Migrate Around Same Level\n• The Weekly Wrap – Positive Economic Data Supported Riskier Assets in the Week\n• European Equities: A Week in Review – 04/07/20\n• USD/CAD Daily Forecast – Range-Bound Trading Continues', 'Bitcoin fell by 0.30% on Friday. Following on from a 1.51% slide from Thursday, Bitcoin ended the day at $9,073.2. It was a relatively range-bound day for Bitcoin. A bullish start to the day saw Bitcoin rise to a late morning intraday high $9,135.5 before pulling back. Falling well short of the first major resistance level at $9,260.8, Bitcoin slid to a late morning intraday low $9,056.7. Steering clear of the first major support level at $8,944.6, Bitcoin moved back through to $9,130 levels before easing back. A bearish end to the day left Bitcoin in the red. The near-term bullish trend remained intact in spite of the recent pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Friday. Cardano’s ADA reversed Thursday’s slide, with a 3.87% gain to lead the way. Bitcoin Cash SV (+0.70%), EOS (+2.46%), Litecoin (+0.22%), Ripple’s XRP (+1.02%), and Tron’s TRX (+0.78%) also found support. It was bearish for the rest of the majors, however. Binance Coin (-0.59%), Bitcoin Cash ABC (-0.44%), Ethereum (-0.61%), Monero’s XMR (-3.48%), Stellar’s Lumen (-0.40%), and Tezos (-2.41%) struggled on the day. Through the current week, the crypto total market cap rose to a Wednesday high $260.82bn before falling to a Thursday low $249.45bn. At the time of writing, the total market cap stood at $254.5bn. Bitcoin’s dominance rose to a Monday high 66.29% before falling to a Friday low 65.39%. At the time of writing, Bitcoin’s dominance stood at 65.63%. This Morning At the time of writing, Bitcoin was down by 0.04% to $9,069.2. A mixed start to the day saw Bitcoin fall to an early morning low $9,063.2 before rising to a high $9,086.6. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it’s a mixed start to the day. Story continues Binance Coin (-0.34%), Ethereum (-0.03%), Monero’s XMR (-0.02%), Stellar’s Lumen (-0.01%), and Tezos (-0.20%) joined Bitcoin in the red. It was a bullish start to the day for the rest of the majors. At the time of writing, Cardano’s ADA was up by 1.72% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to move through the $9,090 pivot to support a run at the first major resistance level at $9,120.23. Support from the broader market would be needed, however, for Bitcoin to break back through to $9,100 levels. Barring an extended crypto rebound, the first major resistance level and Friday’s high $9,135.5 would likely cap any upside. In the event of a crypto breakout, Bitcoin should break through the second major resistance level at $9,167.27 before any pullback. Failure to move through the $9,090 pivot level could see Bitcoin struggle on the day. A fall back through Friday’s low $9,056.7 would bring the first major support level at $9,041.43 into play. Barring an extended crypto sell-off, Bitcoin should avoid sub-$9,000 and the 23.6% FIB of $8,900. The second major support level at $9,009.67 should limit any downside on the day. This article was originally posted on FX Empire More From FXEMPIRE: S&P 500 Price Forecast – Stock Markets Fail at Exhaustion Point Gold Weekly Price Forecast – Gold Markets Form Neutral Candle USD/JPY Weekly Price Forecast – US Dollar Continues to Migrate Around Same Level The Weekly Wrap – Positive Economic Data Supported Riskier Assets in the Week European Equities: A Week in Review – 04/07/20 USD/CAD Daily Forecast – Range-Bound Trading Continues', 'US law enforcement is cracking down on a pair of alleged online fraudsters that appear to have been wildly successful. The United Arab Emirates has sent the US two Nigerian nationals, Ramon Olorunwa Abbas and Olakean Jacob Ponle , to face charges relating to large “business email compromise” scams. Abbas is accused of money laundering in schemes meant to pull in “hundreds of millions of dollars,” according to the Justice Department. He reportedly helped with a plan to launder $14.7 million stolen from a “foreign financial institution,” helped take nearly $923,000 from a New York law firm and was even involved in a plot to steal roughly $124 million from an English Premier League club. Ponle, meanwhile, allegedly participated in several 2019 fraud campaigns that were worth “tens of millions of dollars,” including one Chicago-based company that sen a total of $15.2 million. According to the claim, Ponle had victims wire funds to money mules who converted the gains to Bitcoin and sent them to a digital wallet the mastermind controlled. Both Abbas and Ponle could serve up to 20 years in prison if convicted. US attorney Nick Hanna saw the move as evidence the US could hold online fraud perpetrators responsible “no matter where they live.” However, this is is also an illustration of how difficult it is to halt internet scams. American officials have been identifying foreign fraud campaigns for years, and they only sometimes lead to arrests. Although these moves could send a message to scammers who think they can escape without penalty, they might not serve as practical deterrents.', 'US law enforcement is cracking down on a pair of alleged online fraudsters that appear to have been wildly successful. The United Arab Emirates has sent the US two Nigerian nationals,Ramon Olorunwa AbbasandOlakean Jacob Ponle, to face charges relating to large “business email compromise” scams. Abbas is accused of money laundering in schemes meant to pull in “hundreds of millions of dollars,” according to the Justice Department. He reportedly helped with a plan to launder $14.7 million stolen from a “foreign financial institution,” helped take nearly $923,000 from a New York law firm and was even involved in a plot to steal roughly $124 million from anEnglish Premier Leagueclub.\nPonle, meanwhile, allegedly participated in several 2019 fraud campaigns that were worth “tens of millions of dollars,” including one Chicago-based company that sen a total of $15.2 million. According to the claim, Ponle had victims wire funds to money mules who converted the gains to Bitcoin and sent them to a digital wallet the mastermind controlled.\nBoth Abbas and Ponle could serve up to 20 years in prison if convicted.\nUS attorney Nick Hanna saw the move as evidence the US could hold online fraud perpetrators responsible “no matter where they live.” However, this is is also an illustration of how difficult it is to halt internet scams. American officials have **Last 60 Days of Bitcoin's Closing Prices:** [9003.07, 9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85, 9771.49, 9795.70, 9870.09, 9321.78, 9480.84, 9475.28, 9386.79, 9450.70, 9538.02, 9480.25, 9411.84, 9288.02, 9332.34, 9303.63, 9648.72, 9629.66, 9313.61, 9264.81, 9162.92, 9045.39, 9143.58, 9190.85, 9137.99, 9228.33, 9123.41, 9087.30] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-07-04 **Financial & Commodity Data:** - Gold Closing Price: $1784.00 - Crude Oil Closing Price: $40.65 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $167,369,321,000 - Hash Rate: 123188120.488637 - Transaction Count: 288647.0 - Unique Addresses: 561108.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.40 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: A major technical event known as bitcoin “halving” or “halvening” has arrived in the cryptocurrency market. Bitcoin is a decentralized cryptocurrency, governed by code and supported by a technology known as blockchain. Miners in the world of bitcoin generally compete with each other with the help of specialized computers to solve complicated mathematical problems to validate bitcoin transactions. Whichever miner wins the competition receives newly-minted bitcoin. And all such mining activities happen in blocks, which is primarily a group of transactions fused into one. Now, these miners generally receive 12.5 bitcoin per block mined. But that was almost half of 25 bitcoins in 2012. What’s more, halving of bitcoin is expected to happen on May 12, and the reward per miner will be trimmed to 6.25 new bitcoin or approximately $55,000 at the current bitcoin price. But will the halving boost the price of bitcoin? Since bitcoin halving tightens its supply, it creates a level of scarcity that propels its prices. If we go back to the 2012 halving, bitcoin prices picked up pace in the months that follow, with price of bitcoin surging from $2 to $1,031 a year later, highlighting a whopping 51,000% jump. Similarly, at the time of 2016 halving, bitcoin prices climbed from $650 to $2,518 a year later. By the way, bitcoin has done fairly well amid the coronavirus crisis. Since Mar 16, bitcoin has soared 84%, while the broader S&P 500 is only up 24%. On a year-to-date basis, bitcoin is up 22%. Bitcoin’s price has gone up as it acts as a hedge against any economic slowdown. Needless to say, the coronavirus outbreak has weighed on corporate profits and hampered economic growth, with many expecting a recession in the near term. The virus is infecting thousands of people worldwide, disrupting supply chains and retraining movement between countries. Governments across the globe are struggling to control this health crisis and resorting to lockdowns to check the spread of the virus. To top it, several Wall Street bigwigs are showing keen interest in cryptocurrencies and blockchain technology. And this bullish approach toward bitcoin is surely driving digital assets. For instance, JPMorgan Chase & Co. JPM has introduced JPM Coin, which will be helpful in handling digital settlements. 3 Stocks to Gain From the Bitcoin Run If you are looking to tap the rising bitcoin trend, you may take a look at the following companies that are making use of bitcoin and technologies that support it, including blockchain. Microsoft CorporationMSFT, incidentally, is facing stiff competition from Amazon.com, Inc. AMZN in the cloud computing space. As a result, the tech behemoth has launched a fully-managed blockchain service, integrated with Azure Active Directory. Microsoft's fiscal third-quarter results benefited from momentum in Azure, impressive Teams user growth led by coronavirus-induced work-from-home wave and uptick in Surface devices. The company, currently, has a Zacks Rank #2 (Buy). The company’s expected earnings growth rate for the current and next year is 19.8% and 9.1%, respectively. You can seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. PayPal Holdings, Inc. PYPL, a leader in digital payment processes, sealed a deal with three major bitcoin payment processors, BitPay, GoCoin and Coinbase, to help PayPal merchants accept bitcoin as a mode of payment. PayPal’s first-quarter results were driven by robust growth in total payments volume owing to increasing net new active accounts. Moreover, customer engagement on the company’s platform has strengthened. The company, currently, has a Zacks Rank #3 (Hold). The company’s expected earnings growth rate for the current and next year is 7.1% and 22%, respectively. International Business Machines CorporationIBM has been one of the early providers of the blockchain technology. Broad-based availability of the IBM Blockchain World Wire — a blockchain-driven global payments network — have been driving the company’s performance in the past. Expanding product portfolio, accretive acquisitions, strong free cash flow generating ability and aggressive share buyback are some of the positives. The company, currently, has a Zacks Rank #3. The company’s expected earnings growth rate for the next quarter and year is 2.6% and 7.5%, respectively. Just Released: Zacks’ 7 Best Stocks for Today Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.1% per year. These 7 were selected because of their superior potential for immediate breakout. See these time-sensitive tickers now >> Click to get this free reportJPMorgan Chase Co (JPM) : Free Stock Analysis ReportMicrosoft Corporation (MSFT) : Free Stock Analysis ReportInternational Business Machines Corporation (IBM) : Free Stock Analysis ReportAmazoncom Inc (AMZN) : Free Stock Analysis ReportPayPal Holdings Inc (PYPL) : Free Stock Analysis ReportTo read this article on Zacks.com click here.... - 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.
9073.94, 9375.47, 9252.28, 9428.33, 9277.97, 9278.81, 9240.35, 9276.50, 9243.61, 9243.21
You are an expert financial analyst. Your primary task is to 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 0.57% on Saturday. Reversing a 0.30% decline from Friday, Bitcoin ended the day at $9,147.7. It was a mixed start to the day for Bitcoin. Bitcoin rose to an early morning high $9,104 before pulling back. Falling short of the first major resistance level at $9,120.23, Bitcoin slid to a mid-afternoon intraday low $9,060.0. Steering clear of the first major support level at $9,041.43, Bitcoin rallied to a late afternoon intraday high $9,204.0. Bitcoin broke through the first major resistance level at $9,120.23 and second major resistance level at $9,167.27. A late pullback saw Bitcoin fall back through the second major resistance level at $9,167.27. The near-term bullish trend remained intact in spite of the recent pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a bullish day on Saturday. Cardano’s ADA led the way, rallying by 3.78%. Bitcoin Cash ABC (+2.07%), Litecoin (+2.43%), Monero’s XMR (+2.52%), and Tezos (+2.38%) also made solid gains. Binance Coin (+1.90%), Bitcoin Cash SV (+0.14%), EOS (+1.66%), Ethereum (+1.94%), Ripple’s XRP (+1.09%), Stellar’s Lumen (+0.61%), and Tron’s TRX (+1.06%) trailed the front runners. Through the current week, the crypto total market cap rose to a Wednesday high $260.82bn before falling to a Thursday low $249.45bn. At the time of writing, the total market cap stood at $257.34bn. Bitcoin’s dominance rose to a Monday high 66.29% before falling to a Saturday low 65.30%. At the time of writing, Bitcoin’s dominance stood at 65.48%. This Morning At the time of writing, Bitcoin was flat at $9,147.9. A mixed start to the day saw Bitcoin rise to an early morning high $9,152.3 before falling to a low $9,142.7. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Story continues Cardano’s ADA was down by 1.83%, at the time of writing, to lead the way down. Ethereum (-0.03%), Litecoin (-0.33%), and Monero’s XMR (-0.56%) were also in the red. It was a bullish start for the rest of the majors. Bitcoin Cash SV and Tron’s TRX were both up by 0.36% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the $9,137 pivot to support a run at the first major resistance level at $9,214.47. Support from the broader market would be needed, however, for Bitcoin to break back through to $9,200 levels. Barring an extended crypto rebound, the first major resistance level and Saturday’s high $9,204.0 would likely cap any upside. In the event of a crypto breakout, Bitcoin should break through the second major resistance level at $9,281.23 before any pullback. Failure to avoid a fall through the $9,137 pivot level could see Bitcoin struggle on the day. A fall back through to sub-$9,100 levels would bring the first major support level at $9,070.47 into play. Barring an extended crypto sell-off, Bitcoin should avoid sub-$9,000 and the 23.6% FIB of $8,900. The second major support level sits at $8,993.23. This article was originally posted on FX Empire More From FXEMPIRE: Natural Gas Weekly Price Forecast – Natural Gas Markets Form Strong Candle Crude Oil Price Forecast – Crude Oil Markets Pressing Resistance European Equities: A Week in Review – 04/07/20 Silver Weekly Price Forecast – Silver Markets Exhaust at Same Level The Week Ahead – COVID-19 and Geopolitics Are in Focus along with Stats and the RBA Silver Price Forecast – Silver Markets Have Quiet Resilience', 'Bitcoin rose by 0.57% on Saturday. Reversing a 0.30% decline from Friday, Bitcoin ended the day at $9,147.7.\nIt was a mixed start to the day for Bitcoin. Bitcoin rose to an early morning high $9,104 before pulling back.\nFalling short of the first major resistance level at $9,120.23, Bitcoin slid to a mid-afternoon intraday low $9,060.0.\nSteering clear of the first major support level at $9,041.43, Bitcoin rallied to a late afternoon intraday high $9,204.0.\nBitcoin broke through the first major resistance level at $9,120.23 and second major resistance level at $9,167.27.\nA late pullback saw Bitcoin fall back through the second major resistance level at $9,167.27.\nThe near-term bullish trend remained intact in spite of the recent pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.\nAcross the rest of the majors, it was a bullish day on Saturday.\nCardano’s ADA led the way, rallying by 3.78%.\nBitcoin Cash ABC (+2.07%), Litecoin (+2.43%), Monero’s XMR (+2.52%), and Tezos (+2.38%) also made solid gains.\nBinance Coin (+1.90%), Bitcoin Cash SV (+0.14%), EOS (+1.66%), Ethereum (+1.94%), Ripple’s XRP (+1.09%), Stellar’s Lumen (+0.61%), and Tron’s TRX (+1.06%) trailed the front runners.\nThrough the current week, the crypto total market cap rose to a Wednesday high $260.82bn before falling to a Thursday low $249.45bn. At the time of writing, the total market cap stood at $257.34bn.\nBitcoin’s dominance rose to a Monday high 66.29% before falling to a Saturday low 65.30%. At the time of writing, Bitcoin’s dominance stood at 65.48%.\nAt the time of writing, Bitcoin was flat at $9,147.9. A mixed start to the day saw Bitcoin rise to an early morning high $9,152.3 before falling to a low $9,142.7.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nCardano’s ADA was down by 1.83%, at the time of writing, to lead the way down.\nEthereum (-0.03%), Litecoin (-0.33%), and Monero’s XMR (-0.56%) were also in the red.\nIt was a bullish start for the rest of the majors. Bitcoin Cash SV and Tron’s TRX were both up by 0.36% to lead the way.\nBitcoin would need to avoid a fall through the $9,137 pivot to support a run at the first major resistance level at $9,214.47.\nSupport from the broader market would be needed, however, for Bitcoin to break back through to $9,200 levels.\nBarring an extended crypto rebound, the first major resistance level and Saturday’s high $9,204.0 would likely cap any upside.\nIn the event of a crypto breakout, Bitcoin should break through the second major resistance level at $9,281.23 before any pullback.\nFailure to avoid a fall through the $9,137 pivot level could see Bitcoin struggle on the day.\nA fall back through to sub-$9,100 levels would bring the first major support level at $9,070.47 into play.\nBarring an extended crypto sell-off, Bitcoin should avoid sub-$9,000 and the 23.6% FIB of $8,900. The second major support level sits at $8,993.23.\nThisarticlewas originally posted on FX Empire\n• Natural Gas Weekly Price Forecast – Natural Gas Markets Form Strong Candle\n• Crude Oil Price Forecast – Crude Oil Markets Pressing Resistance\n• European Equities: A Week in Review – 04/07/20\n• Silver Weekly Price Forecast – Silver Markets Exhaust at Same Level\n• The Week Ahead – COVID-19 and Geopolitics Are in Focus along with Stats and the RBA\n• Silver Price Forecast – Silver Markets Have Quiet Resilience', "Now, I have no idea how old you are, nor do I want to make any assumptions. I will assume, though, that because you are reading this you have an interest in markets and/or crypto assets. And because this is a newsletter aimed at professional investors, I will assume you care about a bit more than prices going up/down/sideways. That should put us on more or less the same page as to what we explore here. However, this week I want us all to question the lens through which we judge the evolution of markets. Not just crypto markets – all markets, because it is becoming increasingly clear that sooner or later the distinction will be irrelevant. You’re reading Crypto Long & Short , a newsletter that looks closely at the forces driving cryptocurrency markets. Authored by CoinDesk’s head of research, Noelle Acheson, it goes out every Sunday and offers a recap of the week – with insights and analysis – from a professional investor’s point of view. You can subscribe here . Related: Blockchain Bites: E-Gold Claims, Arca's New Fund and Generation Z What those markets look like is relevant, though, and I am increasingly aware my view on that may be influenced by my age. So might yours. It could be useful, then – perhaps even fun if not slightly discomforting – to try to see the evolution of markets from the point of view of a different generational label. Here’s an example: Many market observers, myself included, have been celebrating the emergence of prime brokerage services that have clout and experience. The latest to join the growing list of big names is London-based B2C2, which started providing over-the-counter liquidity to crypto markets in 2015, and this week announced a partnership with and investment from Japanese financial conglomerate SBI Holdings which will enable it to move towards adding prime services to its already active distribution. We’re excited about this because it represents a maturation of the crypto markets and removes one of the significant barriers standing between institutions and crypto investment: the structural inefficiency of capital. Given a choice of crypto prime brokers with strong balance sheets, the reasoning goes, more institutions will be willing to participate, and the influx of demand and liquidity will push up asset prices. A new crypto market era could be dawning. Story continues But what if the real dawning is coming from a totally different direction? What if a cultural shift is emerging that could end up reshaping traditional markets to look more like the crypto markets? Young people Related: Money Reimagined: Bitcoin and Ethereum Are a DeFi Double Act Generation Z is now the largest generation in the world, accounting for almost 30% of the U.S. population. They’re teenagers and in their early 20s, and most won’t be actively investing due to a lack of income and savings – but, according to su **Last 60 Days of Bitcoin's Closing Prices:** [9268.76, 9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85, 9771.49, 9795.70, 9870.09, 9321.78, 9480.84, 9475.28, 9386.79, 9450.70, 9538.02, 9480.25, 9411.84, 9288.02, 9332.34, 9303.63, 9648.72, 9629.66, 9313.61, 9264.81, 9162.92, 9045.39, 9143.58, 9190.85, 9137.99, 9228.33, 9123.41, 9087.30, 9132.49] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-07-05 **Financial & Commodity Data:** - Gold Closing Price: $1784.00 - Crude Oil Closing Price: $40.65 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $167,369,321,000 - Hash Rate: 127895946.749349 - Transaction Count: 274104.0 - Unique Addresses: 509206.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.38 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin broke above $9,250 for the first time since Friday as the leading cryptocurrency continues to trade in a tight range just above $9,000 for several weeks. But cryptocurrency markets have stayed quiet as traders expect a big move. Bitcoin was trading hands around $9,250 as of 20:00 UTC (4 p.m. ET). Bitcoin at $9,250 as of 20:00 UTC (4 p.m. ET), up 1.2% over 24 hours BTC trading range (past 24 hours): $9,000-$9,300 Ether up 3% in trading, at around $232 Bitcoin 30-day volatility continues to drop Decentralized exchange volume grows 70% in June Ether , the second-largest cryptocurrency by market capitalization, gained 3%, trading around $232 as of 20:00 UTC (4 p.m. ET), according to Bitstamp. Despite trading above $9,250, bitcoin is still stuck within a tight range of a few hundred dollars above $9,000. As a result, 30-day volatility continues to decline. In fact, bitcoin’s volatility reached its lowest mark since Feb. 23, according to Coin Metrics . Related: Market Wrap: Bitcoin Briefly Breaks Below $9K, but Markets Remain Comatose As bitcoin stagnates, traditional markets soar. Tesla made an all-time high Wednesday, climbing $1,134, up more than 6% from its daily open. Zoom also bounced back toward its all-time high of $262 after dropping Friday through Monday, up 3.6% from its Wednesday open. Why is bitcoin so quiet? There are simply “more eyeballs away from the crypto market and more towards traditional financial markets,” said Eliézer Ndinga, research associate at digital asset manager 21Shares. Many retail traders are using the popular retail equities trading platform Robinhood to speculate as traditional markets rally amid the on-going coronavirus pandemic. “Despite various efforts to boost institutional adoption, retail traders account for 96% of all exchanges’ transfers,” Ndinga added. For many of these traders, the stock market may be more interesting than cryptocurrency markets. Story continues Despite retail investors’ temporarily waning interest, institutional investors continue to develop the cryptocurrency market’s infrastructure. New York Digital Investments Group (NYDIG) raised $190 million from 24 investors for a new bitcoin fund, CoinDesk reported Wednesday. The New York-based asset manager, which has held a New York BitLicense since 2018, raised $140 million in May for a similar investment vehicle, the Bitcoin Yield Enhancement Fund. Related: DeFi Insurer Nexus Mutual Maxed Out by Yield-Farming Boom Meanwhile, loyal cryptocurrency traders are increasingly keen to use decentralized exchanges . In June, aggregate volumes for these platforms grew 70% to a record high of over $1.5 billion. This rapid growth carries some security concerns, however. Decentralized finance analyst Jack Purdy told CoinDesk the spike in trading volumes on these nascent platforms is “starting to become a bit worrisome” due to the fact that a variety of complex attack vectors still exist. Other markets S&P 500 up 0.6% trading at $3,123 FTSE 100 down 0.1% after recovering from a 1.7% afternoon dip Nikkei 225 down 1.25% Gold down 0.7% trading at $1,770 Stablecoin markets showed strength as USDC’s total circulating supply passed 1 billion tokens. Tether, the largest stablecoin, grew to $10.3 billion, according to data from Messari . Exchange tokens were mostly up Tuesday as the entire sector gained 2.4%, according to Messari. Some of the biggest gainers were kyber network ( KNC ) up 11.4% and binance coin ( BNB ) up 2.5%. All price changes were as of 20:00 UTC (4:00 p.m. ET). Related Stories Market Wrap: As Traditional Markets Rally, Bitcoin Gets Boring Market Wrap: As Traditional Markets Rally, Bitcoin Gets Boring... - Reddit Posts (Sample): [['u/Rational_Optimist', 'Is Nano interpolability with Ethereum in the works?', 49, '2020-07-05 00:59', 'https://www.reddit.com/r/nanocurrency/comments/hlcgrm/is_nano_interpolability_with_ethereum_in_the_works/', "Nano is great, I'm a fan. I have a big ol' bag and I hope to meet you mofos on the moon one day.\n\nBut I can't help but feel like it is getting left out of the party. As Ethereum, BNB, EOS, NEO, Polkadot, Tezos, etc all continue to get more interoperable; multi-chain wallets and CEX/DEXes, with on/off chain swaps, atomic swaps, and synthetics. Will we get more or less forgotten about in the cryptospace at large? Low transaction fee currency coins do and will exist on Ethereum and they will have the advantage of being natively within the ecosystem we are used to operating. \n\nI understand that Nano is a pure currency coin and we don't have smart contracts/dapps so interpolability with nano on some level is nonsense. But similar to BTC having a layer 2 wrapped/synthetic version(s) on Ethereum, should we too have a wrapped nano? \n\nEdit: flair is Support because title ends in a question.", 'https://www.reddit.com/r/nanocurrency/comments/hlcgrm/is_nano_interpolability_with_ethereum_in_the_works/', 'hlcgrm', [['u/SonderDev', 58, '2020-07-05 01:31', 'https://www.reddit.com/r/nanocurrency/comments/hlcgrm/is_nano_interpolability_with_ethereum_in_the_works/fwy7xnt/', 'The ecosystem we are used to operating has got to go. The functionality you describe isn’t doing anything for anyone, as this inter-chain stuff is 100% marketing with no real use. Smart contracts, 2nd-layer coins, etc are decentralized in the ways that don’t matter, while fully centralized in the ways that do.\n\nWe have to move forward and make Satoshi’s vision a reality, and that’s only possible through the active adoption of an actual virtual currency. The energy and resources required to achieve the latest crypto marketing trend would be better allocated integrating nano into the global economy.', 'hlcgrm'], ['u/thelamer12345', 39, '2020-07-05 08:13', 'https://www.reddit.com/r/nanocurrency/comments/hlcgrm/is_nano_interpolability_with_ethereum_in_the_works/fwz4r3q/', 'Being able to execute code securely in a decentralized manner and have the outputs/inputs of that code be cryptographically verifiable in a trustless manner is quite literally the future of all modern computing revolving around any and all contractual agreements. \nI do not think I could disagree more with your assessment of the pointlessness of token swaps more, they are laying the foundation for the entire future financial ecosystem and automated infallible contract law. \n\nIt is funny you specifically quoted Satoshi\'s visions because even he saw the value in on chain metadata when his first transaction included “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks". \n\nIf you are honestly ignoring the entire field of smart contracts and what you can achieve with them because you have a delusion that something with the feature set of Nano could ever be considered a vital part of the world economy you are doing yourself a great disservice. \nNano is great, but you have to acknowledge it\'s limitations and work within the boundaries of it\'s stated goals. It is easy to compare Nano to something like an in person transaction with cash (a dying method by the way), but once you break outside of those boundaries and dive deep into payment processing systems, interbank transfers, b2b EDI, SAP ordering, Oracle purchasing, ISO 20022, the literal mountain of financial instruments, and all the other ways computers currently handle us moving funds around securely I think you will quickly find out what the hype is surrounding HyperLedger Fabric and ETH/ETH derivatives.\n\nNano simply cannot plug into these systems in any meaningful way without people building out second layer solutions, those are the solutions that will bring adoption. Simply telling everyone to use Nano will not work, they need a reason to.', 'hlcgrm'], ['u/Entakill', 17, '2020-07-05 09:14', 'https://www.reddit.com/r/nanocurrency/comments/hlcgrm/is_nano_interpolability_with_ethereum_in_the_works/fwz8lmj/', 'Nano cannot trustlessly bridge with these blockchains because it offers no scripting facilities. It would have to be done with a trusted custodian who holds Nano for you and mints for example a NEP-5 or ERC-20 counterpart. Not much fun imo.', 'hlcgrm'], ['u/SonderDev', 21, '2020-07-05 10:22', 'https://www.reddit.com/r/nanocurrency/comments/hlcgrm/is_nano_interpolability_with_ethereum_in_the_works/fwzco3e/', 'Well here\'s some counterpoints, kindly presented.\n\nThey aren\'t trustless. Echoing u/writewhereileftoff: the moment you start relying on oracles, it\'s no longer trustless. It\'s no longer decentralized in ways that matter, and in most cases it ends up just being an inefficient, costly, and inelegant way to do what could have been done using a centralized service that already exists.\n\nAutomated law is infallible... until it isn\'t. Code can be patched, and people can be sued. Asking the legal community to step aside and self-obsolesce is just too much. And the inflexible systems required to do it are oracle-laden, meaning it\'s an analogous trust-based system except this time getting sued could make our ledgers *illegal*.\n\nWell, we\'ve already seen through some of the projects here that metadata can indeed be stored in nano\'s ledger. I\'ve taken great advantage of this. While Satoshi weighs the many advantages possible only in digital money, there\'s no way his end goal was to trade away all hopes of efficiency, induce massive transaction costs, bloat ledgers with what\'s really immutable junk to everyone else, and grind transfer speeds to a halt all so that we can pretend an oracle is trustless.\n\nThe crypto community needs to learn that it\'s okay to admit you are trusting a 2nd layer service, and that there are acceptable, existing alternatives to the Goldberg machines the latest ad campaign is telling us about. We don\'t have to buy the revisionist lie that it\'s really always been about "digital gold" and "smart contracts". I\'ve always said that a crypto*currency* beats a crypto*commodity* any day, and I stand by that.', 'hlcgrm'], ['u/Entakill', 10, '2020-07-05 13:03', 'https://www.reddit.com/r/nanocurrency/comments/hlcgrm/is_nano_interpolability_with_ethereum_in_the_works/fwzlnir/', "It's farcical to suggest that you have to depend on centralized oracles to make use of smart contracts.", 'hlcgrm']]], ['u/MiguelLancaster', 'Cash out IRA, shift it into Bitcoin, pay it back by 2023', 32, '2020-07-05 03:25', 'https://www.reddit.com/r/Bitcoin/comments/hleg0y/cash_out_ira_shift_it_into_bitcoin_pay_it_back_by/', "For USA folks, the CARES Act has allowed for penalty-free early withdrawals from retirement accounts to those affected by Covid-19, up to $100K, so long as the withdrawal is paid back within the next three years.\n\n\nI'm really tempted to take out most of my Roth IRA (5-figure amount) on Monday (while the market is still performing inexplicably well) and shift that cash into Bitcoin. \n\n\nBeen a holder to some degree since early 2016, so I've seen many ups and downs and am aware of the risk involved, but this move would allow me to more than double my current exposure to Bitcoin. \n\n\nI feel like the odds of Bitcoin outperforming the securities in my IRA are pretty strong over the next three years. I'm finding it harder and harder to feel confident in my traditional investments these days.\n\n\nTalk me out of this foolish idea. (Or convince me to be reckless)", 'https://www.reddit.com/r/Bitcoin/comments/hleg0y/cash_out_ira_shift_it_into_bitcoin_pay_it_back_by/', 'hleg0y', [['u/pardus79', 13, '2020-07-05 17:03', 'https://www.reddit.com/r/Bitcoin/comments/hleg0y/cash_out_ira_shift_it_into_bitcoin_pay_it_back_by/fx04rof/', "Talking you out of this.\n\n1. You're planning on selling your bitcoin in 3 years to reimburse your IRA. Gains will be taxed.\n\n2. If price goes down, you will have to make up the difference.\n\n3. YOU CAN HOLD BITCOIN IN AN IRA. Not talking GBTC. Actual bitcoin you hold the keys to. Open a checkbook IRA, roll-over IRA funds, buy &amp; hold bitcoin in the IRA. Completely avoid #1 &amp; #2. Hold bitcoin until you retire.", 'hleg0y']]], ['u/AutoModerator', '[Daily Discussion] Sunday, July 05, 2020', 32, '2020-07-05 06:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/hlgfn5/daily_discussion_sunday_july_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/hlgfn5/daily_discussion_sunday_july_05_2020/', 'hlgfn5', [['u/lemineftali', 12, '2020-07-05 12:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/hlgfn5/daily_discussion_sunday_july_05_2020/fwzjqz5/', 'Here’s to hoping market... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9375.47, 9252.28, 9428.33, 9277.97, 9278.81, 9240.35, 9276.50, 9243.61, 9243.21, 9192.84
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:** ['Bitcoin fell by 0.68% on Sunday. Reversing a 0.57% gain from Saturday, Bitcoin ended the week down by 0.45% to $9,084.3. It was a mixed start to the day for Bitcoin. Bitcoin rose to an early morning intraday high $9,152.3 before hitting reverse. Falling well short of the first major resistance level at $9,214.47, Bitcoin slid to a late intraday low $8,918.0. Bitcoin fell through the first major support level at $9,070.47 and the second major support level at $8,993.23. Steering clear of the 23.6% FIB of $8,900, Bitcoin broke back through the support levels to wrap up the day at $9,080 levels. The near-term bullish trend remained intact in spite of the recent pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a bearish day on Sunday. Cardano’s ADA and EOS led the way down, sliding by 2.76% and by 2.10% respectively. Bitcoin Cash SV (-1.53%), Litecoin (-1.31%), Monero’s XMR (-1.22%), and Tezos (-1.77%) weren’t far behind. Binance Coin (-0.51%), Bitcoin Cash ABC (-0.90%), Ethereum (-0.73%), Ripple’s XRP (-0.49%), Stellar’s Lumen (-0.95%), and Tron’s TRX (-0.79%) saw relatively modest losses. For the week, it was a mixed bag for the majors. Cardano’s ADA surged by 22.38% to lead the way. Stellar’s Lumen (+4.40%) and Tron’s TRX (+7.56%) also found strong support. Binance Coin (+0.72%), Bitcoin Cash ABC (+0.16%), EOS (+1.82%), Ethereum (+1.21%), Litecoin (+0.60%), Monero’s XMR (+0.14%), and Ripple’s XRP (+0.17%) saw modest gains. Bitcoin Cash SV (-3.81%) and Tezos (-3.33%) bucked the trend for the week. Through the week, the crypto total market cap rose to a Wednesday high $260.82bn before falling to a Thursday low $249.45bn. At the time of writing, the total market cap stood at $255.26bn. Bitcoin’s dominance rose to a Monday high 66.29% before falling to a Sunday low 65.25%. At the time of writing, Bitcoin’s dominance stood at 65.44%. Story continues This Morning At the time of writing, Bitcoin was down by 0.06% to $9,078.5. A mixed start to the day saw Bitcoin rise to an early morning high $9,094.2 before falling to a low $9,075.8. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was also a mixed start to the day. At the time of writing, Tron’s TRX was up by 2.17% to lead the way. Litecoin and Stellar’s Lumen also found support, with gains of 0.10% and 0.02% respectively. It was a bearish start for the rest of the majors, however. Leading the way down was Monero’s XMR with a loss of 0.78%. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the $9,052 pivot to support a run at the first major resistance level at $9,185.07. Support from the broader market would be needed, however, for Bitcoin to break out from Sunday’s high $9,152.3. Barring an extended crypto rebound, the first major resistance level and Sunday’s high would likely cap any upside. In the event of a crypto breakout, Bitcoin should break through the second major resistance level at $9,285.83 to visit $9,300 levels. Failure to avoid a fall through the $9,052 pivot level would bring the first major support level at $8,950.77 into play. Barring an extended crypto sell-off, Bitcoin should avoid sub-$8,900 levels. The 23.6% FIB of $8,900 should limit any downside. This article was originally posted on FX Empire More From FXEMPIRE: Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – July 6th, 2020 European Equities: Stats, Geopolitics, and COVID-19 to Drive the Majors Bitcoin Weekly Technical Analysis – July 6th, 2020 Gold and Silver Miners are Surging E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Buying Weakens on Rising Initial Claims Gold Price Futures (GC) Technical Analysis – Recent Price Action Indicates $1780.90 is Level to Watch', 'Bitcoin fell by 0.68% on Sunday. Reversing a 0.57% gain from Saturday, Bitcoin ended the week down by 0.45% to $9,084.3. It was a mixed start to the day for Bitcoin. Bitcoin rose to an early morning intraday high $9,152.3 before hitting reverse. Falling well short of the first major resistance level at $9,214.47, Bitcoin slid to a late intraday low $8,918.0. Bitcoin fell through the first major support level at $9,070.47 and the second major support level at $8,993.23. Steering clear of the 23.6% FIB of $8,900, Bitcoin broke back through the support levels to wrap up the day at $9,080 levels. The near-term bullish trend remained intact in spite of the recent pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a bearish day on Sunday. Cardano’s ADA and EOS led the way down, sliding by 2.76% and by 2.10% respectively. Bitcoin Cash SV (-1.53%), Litecoin (-1.31%), Monero’s XMR (-1.22%), and Tezos (-1.77%) weren’t far behind. Binance Coin (-0.51%), Bitcoin Cash ABC (-0.90%), Ethereum (-0.73%), Ripple’s XRP (-0.49%), Stellar’s Lumen (-0.95%), and Tron’s TRX (-0.79%) saw relatively modest losses. For the week, it was a mixed bag for the majors. Cardano’s ADA surged by 22.38% to lead the way. Stellar’s Lumen (+4.40%) and Tron’s TRX (+7.56%) also found strong support. Binance Coin (+0.72%), Bitcoin Cash ABC (+0.16%), EOS (+1.82%), Ethereum (+1.21%), Litecoin (+0.60%), Monero’s XMR (+0.14%), and Ripple’s XRP (+0.17%) saw modest gains. Bitcoin Cash SV (-3.81%) and Tezos (-3.33%) bucked the trend for the week. Through the week, the crypto total market cap rose to a Wednesday high $260.82bn before falling to a Thursday low $249.45bn. At the time of writing, the total market cap stood at $255.26bn. Bitcoin’s dominance rose to a Monday high 66.29% before falling to a Sunday low 65.25%. At the time of writing, Bitcoin’s dominance stood at 65.44%. Story continues This Morning At the time of writing, Bitcoin was down by 0.06% to $9,078.5. A mixed start to the day saw Bitcoin rise to an early morning high $9,094.2 before falling to a low $9,075.8. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was also a mixed start to the day. At the time of writing, Tron’s TRX was up by 2.17% to lead the way. Litecoin and Stellar’s Lumen also found support, with gains of 0.10% and 0.02% respectively. It was a bearish start for the rest of the majors, however. Leading the way down was Monero’s XMR with a loss of 0.78%. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the $9,052 pivot to support a run at the first major resistance level at $9,185.07. Support from the broader market would be needed, however, for Bitcoin to break out from Sunday’s high $9,152.3. Barring an extended crypto rebound, the first major resistance level and Sunday’s high would likely cap any upside. In the event of a crypto breakout, Bitcoin should break through the second major resistance level at $9,285.83 to visit $9,300 levels. Failure to avoid a fall through the $9,052 pivot level would bring the first major support level at $8,950.77 into play. Barring an extended crypto sell-off, Bitcoin should avoid sub-$8,900 levels. The 23.6% FIB of $8,900 should limit any downside. This article was originally posted on FX Empire More From FXEMPIRE: Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – July 6th, 2020 European Equities: Stats, Geopolitics, and COVID-19 to Drive the Majors Bitcoin Weekly Technical Analysis – July 6th, 2020 Gold and Silver Miners are Surging E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Buying Weakens on Rising Initial Claims Gold Price Futures (GC) Technical Analysis – Recent Price Action Indicates $1780.90 is Level to Watch', 'It was a particularly quiet start to the week on theeconomic calendar. There were no material stats for the markets to consider through the early part of the Asian session.\nA lack of stats left the markets to consider the latest COVID-19 numbers and updates from the weekend and the rising tension between the U.S and China.\nOn Sunday, thenumber of new coronavirus casesrose by 156,610 to 11,535,528. On Saturday, the number of new cases had risen by 393,825. The daily increase was lower than Saturday’s rise while up from 136,417 new cases from the previous Sunday.\nGermany, Italy, and Spain reported 322 new cases on Sunday, which was down from 1,612 new cases on Saturday. On the previous Sunday, just 650 new cases had been reported.\nFrom the U.S, the total number of cases rose by 40,401 to 2,976,171 on Sunday. On Saturday, the total number of cases had surged by 107,457. On Sunday, 28thJune, a total of 35,905 new cases had been reported.\nAt the time of writing, theJapanese Yenwas down by 0.22% to ¥107.75 against the U.S Dollar. TheAussie Dollarwas up by 0.29% to $0.6959, with theKiwi Dollarup by 0.34% at $0.6553.\nIt’s a relatively busy day ahead on theeconomic calendar. From Germany, May’s factory orders are due out, with May retail sales and June’s Construction PMI due from Germany.\nWhile we would expect Germany’s factory orders to provide direction, risk sentiment will likely be the key driver.\nConcerns over the spike in new COVID-19 cases in the U.S could weigh on risk sentiment later in the day. Much will depend on the news wires.\nAt the time of writing, theEURwas up by 0.20% to $1.1270.\nIt’s a quiet day ahead on theeconomic calendar. June’s Construction PMI is due out later this morning.\nAny influence on the Pound will likely be short-lived, however, with the Pound likely to be in the hands of Brexit.\nUpdates from the weekend suggested that the chances of a no-deal departure from the EU had risen sharply.\nRisk sentiment will also influence. The risk-on sentiment limited the downside for the Pound early on.\nAt the time of writing, thePoundwas down by 0.01% to $1.2482.\nIt’s a relatively busy day ahead for the U.S Dollar. Key stats include the market’s pref **Last 60 Days of Bitcoin's Closing Prices:** [9951.52, 9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85, 9771.49, 9795.70, 9870.09, 9321.78, 9480.84, 9475.28, 9386.79, 9450.70, 9538.02, 9480.25, 9411.84, 9288.02, 9332.34, 9303.63, 9648.72, 9629.66, 9313.61, 9264.81, 9162.92, 9045.39, 9143.58, 9190.85, 9137.99, 9228.33, 9123.41, 9087.30, 9132.49, 9073.94] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-07-06 **Financial & Commodity Data:** - Gold Closing Price: $1788.50 - Crude Oil Closing Price: $40.63 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $170,955,144,697 - Hash Rate: 120834207.358281 - Transaction Count: 338767.0 - Unique Addresses: 678157.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.40 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Monthly volumes for both bitcoin spot and futures fell sharply in June, by 31.98% and 40.39%, respectively, according to data collected by The Block. The decline of the bitcoin market coincided with a significant increase in trading volumes of Ethereum-based decentralized exchanges (DEXs). Data collected from Dune Analytics reveals that DEXs posted a monthly volume of $1.51 billion for June, a 70% increase from May. This development also represents a 46% jump over the previous all-time high in March. [caption id="attachment_70218" align="aligncenter" width="1600"] Source: The Block Research, CryptoCompare [/caption] The opposite movements of trading volumes on DEXs and bitcoin centralized exchanges (CEXs) also pushed the ratio between the two to an all-time high of 2.1%. The launches of Balancer's and Compound's governance tokens in June boosted trading volumes on AMMs such as Uniswap and Curve. [caption id="attachment_70217" align="aligncenter" width="2734"] Source: Dune Analytics, CryptoCompare, The Block Research [/caption] Meanwhile, bitcoin futures monthly volumes posted a considerable month-over-month decline, sliding by 40% from $557 billion in May to $332 billion in June. [caption id="attachment_70219" align="aligncenter" width="1600"] Source: Skew, The Block Research [/caption] © 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9252.28, 9428.33, 9277.97, 9278.81, 9240.35, 9276.50, 9243.61, 9243.21, 9192.84, 9132.23
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['EUR/USD, “Euro vs US Dollar” After breaking 1.1300, EUR/USD is consolidating above it. If later the price breaks this range to the downside, the market may start a new correction towards 1.1250; if to the upside – resume trading inside the uptrend with the short-term target at 1.1380. GBP/USD, “Great Britain Pound vs US Dollar” GBPUSD has broken 1.2490 to the upside; right now, it is still consolidating above it. If later the price breaks this range to the upside, the market may form one more ascending structure with the target at 1.2545; if to the downside – start another correction to reach 1.2435. USD/RUB, “US Dollar vs Russian Ruble” USDRUB is falling towards 71.11 and may later grow to reach 71.55, thus forming a new consolidation range between these levels. If later the price breaks this range to the downside, the market may form a new descending structure with the target at 69.69; if to the upside – resume trading inside the uptrend to reach 72.15. USD/JPY, “US Dollar vs Japanese Yen” After breaking 107.41, USDJPY is consolidating below this level. Possibly, the pair may fall with the short-term target at 107.07 and then start another growth to return to 107.07 and test it from below. Later, the market may form a new descending structure with the target at 106.60. USD/CHF, “US Dollar vs Swiss Franc” After reaching its downside target at 0.9387, USDCHF is correcting towards 0.9425. After that, the instrument may fall to reach 0.9404, thus forming a new consolidation range. If later the price breaks this range to the upside, the market may form one more ascending structure with the target at 0.9470; if to the downside – resume trading inside the downtrend to reach 0.9330. AUD/USD, “Australian Dollar vs US Dollar” AUDUSD has completed the ascending wave at 0.6990; right now, it is moving downwards to break 0.6949. Later, the market may continue falling with the target at 0.6900. Story continues BRENT Brent is trading around 43.00. Today, the pair may expand the range up to 43.80 and then fall to reach 42.48. After that, the instrument may start another growth with the target at 45.05. XAU/USD, “Gold vs US Dollar” After completing the ascending structure at 1786.90, Gold is expected to fall to test 1777.00 from above. After that, the instrument may grow to break 1787.77 and then continue trading upwards with the target at 1799.19 or even 1800.00. Later, the market may form a new descending wave to reach 1750.00. BTC/USD, “Bitcoin vs US Dollar” After finishing the ascending impulse at 9126.00 and breaking it to the upside, BTCUSD has reached 9350.00; right now, it is falling towards 9245.00 and may later grow to reach 9300.00, thus forming a new consolidation range between these two levels. If later the price breaks this range to the upside, the market may form one more ascending structure with the target at 9550.00; if to the downside – resume trading inside the downtrend to reach 8700.00. S&P 500 After breaking 3166.5 to the upside, the Index is consolidating above it. Possibly, today the asset may reach 3200.5 and then correct towards 3120.0. After that, the instrument may resume trading upwards with the target at 3240.5. For a look at all of today’s economic events, check out our economic calendar. By Dmitriy Gurkovskiy, Chief Analyst at RoboForex Disclaimer Any predictions contained herein are based on the author’s particular opinion. This analysis shall not be treated as trading advice. RoboForex shall not be held liable for the results of the trades arising from relying upon trading recommendations and reviews contained herein. This article was originally posted on FX Empire More From FXEMPIRE: EUR/USD Daily Forecast – Euro Turns Lower As EU Commission Slashes Forecasts GBP/USD Daily Forecast – U.S. Dollar Tries To Find Support EUR/USD Getting Close to Important Zone Buyers Will Have to Defend the Recent Gains U.S. Stocks Set To Open Lower As Traders Take Profits After The Recent Upside Move Theres a Bull in a China’s Shop', 'NIO Inc. ( NIO ) shares charged 22.71% higher Monday after the Chinese electric vehicle maker reported June sales jumped 179% from a year earlier despite challenges from the pandemic. The better-than-expected figure comes on the back of U.S. rival Tesla, Inc. ( TSLA ) smashing Wall Street quarterly delivery projections. NIO delivered 3,740 vehicles last month, taking its second-quarter tally to 10,331 vehicles. It marks the first times the Shanghai-based carmaker has exceeded 10,000 quarterly shipments – an impressive feat amid slipping global auto sales. As well as topping its delivery expectations, the company’s chief operating officer Steven Feng remains confident of meeting operational efficiency targets. ‘We are pleased to deliver solid results driven by our competitive products, superior services, and expanding sales network. Our deliveries in the second quarter of 2020 exceeded the high end of our earlier projection, and we are confident that our goals on gross margin and operational efficiency will be achieved.’ Feng said, per CleanTechnica . Investors may have already factored in most of the upside, given the company’s American Depositary Receipt (ADR) listed on the New York Stock Exchange has risen a staggering 366% over the past three months as of July 7. Wall Street View Goldman Sachs analyst Fei Fang upgraded the stock from ‘Neutral’ to ‘Buy’ in early June but revised his rating back to ‘Neutral’ by the end of the month and slashed his 12-month price target from $7 to $6.4. Although the analyst still likes the company’s underlying fundamentals, he has grown more concerned about its lofty valuation. Since Fang’s initial upgrade on June 3, NIO shares trade over 100% higher, despite the firm posting an unaudited first-quarter net loss of $243.3 million. Most other analysts have also taken the ‘wait and see’ approach, with the stock receiving 9 ‘Hold’ ratings. Currently, the consensus price target among analysts sits at $39.01, according to Yahoo! Finance – amazingly representing another 239% upside from Monday’s $11.51 close. Story continues Technical Outlook Since bottoming out just above $2 in mid-March, Nio shares have trended steadily higher with price accelerating on heavy volume in the past two trading sessions. Investors should be mindful of chasing recent gains as the relative strength index sits deep in overbought territory, increasing the probability of a retracement. Instead, those who wish to buy should look for an entry point near $5, where the stock finds a confluence of support from a horizontal trendline and the 50-day simple moving average. This article was originally posted on FX Empire More From FXEMPIRE: Google And Deutsche Bank Announce Strategic Partnership U.S. Stocks Set To Open Lower As Traders Take Profits After The Recent Upside Move Theres a Bull in a China’s Shop Buyers Will Have to Defend the Recent Gains BTC Aims At Further Growth EUR/USD Daily Forecast – Euro Turns Lower As EU Commission Slashes Forecasts', 'NIO Inc. (NIO) shares charged 22.71% higher Monday after theChineseelectric vehicle maker reported June sales jumped 179% from a year earlier despite challenges from the pandemic. The better-than-expected figure comes on the back of U.S. rival Tesla, Inc. (TSLA) smashing Wall Street quarterly delivery projections.\nNIO delivered 3,740 vehicles last month, taking its second-quarter tally to 10,331 vehicles. It marks the first times the Shanghai-based carmaker has exceeded 10,000 quarterly shipments – an impressive feat amid slipping global auto sales.\nAs well as topping its delivery expectations, the company’s chief operating officer Steven Feng remains confident of meeting operational efficiency targets. ‘We are pleased to deliver solid results driven by our competitive products, superior services, and expanding sales network. Our deliveries in the second quarter of 2020 exceeded the high end of our earlier projection, and we are confident that our goals on gross margin and operational efficiency will be achieved.’ Feng said,per CleanTechnica.\nInvestors may have already factored in most of the upside, given the company’s American Depositary Receipt (ADR) listed on the New York Stock Exchange has risen a staggering 366% over the past three months as of July 7.\nGoldman Sachs analyst Fei Fang upgraded the stock from ‘Neutral’ to ‘Buy’ in early June but revised his rating back to ‘Neutral’ by the end of the month and slashed his 12-month price target from $7 to $6.4.\nAlthough the analyst still likes the company’s underlying fundamentals, he has grown more concerned about its lofty valuation. Since Fang’s initial upgrade on June 3, NIO shares trade over 100% higher, despite the firm posting an unaudited first-quarter net loss of $243.3 million.\nMost other analysts have also taken the ‘wait and see’ approach, with the stock receiving 9 ‘Hold’ ratings. Currently, the consensus price target among analysts sits at $39.01, according to Yahoo! Finance – amazingly representing another 239% upside from Monday’s $11.51 close.\nSince bottoming out just above $2 in mid-March, Nio shares have trended steadily higher with price accelerating on heavy volume in the past two trading sessions. Investors should be mindful of chasing recent gains as the relative strength index sits deep in overbought territory, increasing the probability of a retracement. Instead, those who wish to buy should look for an entry point near $5, where the stock finds a confluence of support from a horizontal trendline and the 50-day simple moving average.\nThisarticlewas originally posted on FX Empire\n• Google And Deutsche Bank Announce Strategic Partnership\n• U.S. Stocks Set To Open Lower As Traders Take Profits After The Recent Upside Move\n• Theres a Bull in a China’s Shop\n• Buyers Will Have to Defend the Recent Gains\n• BTC Aims At Further Growth\n• EUR/USD Daily Forecast – Euro Turns Lower As EU Commission Slashes Forecasts', 'Exchange volumes are at rock bottom **Last 60 Days of Bitcoin's Closing Prices:** [9842.67, 9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85, 9771.49, 9795.70, 9870.09, 9321.78, 9480.84, 9475.28, 9386.79, 9450.70, 9538.02, 9480.25, 9411.84, 9288.02, 9332.34, 9303.63, 9648.72, 9629.66, 9313.61, 9264.81, 9162.92, 9045.39, 9143.58, 9190.85, 9137.99, 9228.33, 9123.41, 9087.30, 9132.49, 9073.94, 9375.47] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-07-07 **Financial & Commodity Data:** - Gold Closing Price: $1804.20 - Crude Oil Closing Price: $40.62 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $170,955,144,697 - Hash Rate: 126326671.329112 - Transaction Count: 345975.0 - Unique Addresses: 706177.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.43 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: The soft reopening so far appears to be going well and is leading to further easing measures, including the prospect of travel again before the summer is over which is coming as a huge relief to those in the industry that have been ravaged by the crisis. The stock market recovery appeared to stall in May but it seems to have found some momentum once again, with the news of human vaccine trials naturally aiding the move. While the data we’re seeing so far is encouraging, there may be diminishing returns so the longer we go without a vaccine or cure, the worse the data could become. Thankfully, what we’re seeing in both of these cases gives us cause for optimism. Tensions between the US and China are hotting up and Hong Kong is proving to be an interesting battle ground. The US is now believed to be pondering sanctions, as China prepares to vote on a controversial new national security law to be imposed on Hong Kong. As yet, the strained relationship between the US and China hasn’t hampered markets too much but that could quickly change. Oilis slightly paring gains today but continues to make impressive gains more broadly. Naturally, reports of economies successfully easing restrictions is providing a significant boost to oil prices, with the reopening of borders in the coming weeks only further supporting demand and therefore prices. While the reopening will be gradual and people will take time to emerge from the safe shelter of their homes, particularly when it comes to foreign travel, these are hugely positive moves for oil producers as prices close in on $40. It’s now a question of when they’ll turn on the taps again and how much they choose to or even how fast they’ll be able to. Goldis edging lower again today and closing in on$1,700. The yellow metal seemed to lose all momentum not long after eventually breaking through $1,750 resistance. A break back below $1,700 would be troubling for gold, from a psychological perspective, but the $1,660-1,680 region is far more key. A break of this would spell trouble for gold. Bitcoin found some support around $8,500 this morning and has reversed course to test $9,000, around where it is already starting to struggle. It’s not looking great for the cryptocurrency, with $8,000 being the next major level below. A break of this and it will be like the halving event never happened and all the gains that came its way during that high exposure period will have been lost. Nervy times. For a look at all of today’s economic events, check out ourEconomic Calendar. Craig Erlam, Senior Currency Analyst at OANDA Thisarticlewas originally posted on FX Empire • S&P 500 Price Forecast – Stock Markets Run Into Brick Wall • E-mini S&P 500 Index (ES) Futures Technical Analysis – Cautious Tone Makes Index Ripe for Reversal Top • S&P 500 Preview – Costco Headlines Earnings Results • Gold Price Forecast – Gold Markets Show Resiliency • E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Setting Up for Reversal Top • GBP/USD Price Forecast – Pound Rolls Over After Brexit Comments... - Reddit Posts (Sample): [['u/Purple1Rain', 'What makes BTC better than every other coin?', 26, '2020-07-07 02:15', 'https://www.reddit.com/r/Bitcoin/comments/hmjwws/what_makes_btc_better_than_every_other_coin/', 'I’m just curious. Don’t all coins use the same technology ? (Blockchain ) So what makes BTC the best and will cause it to spike? Not bashing BTC as I’m an obvious hodler. I just want to understand better.\n\nEdit: thanks for the responses everyone. I love this community and I’ll hodl till the moon and beyond 💯💯💪💪', 'https://www.reddit.com/r/Bitcoin/comments/hmjwws/what_makes_btc_better_than_every_other_coin/', 'hmjwws', [['u/Veryuniquenames', 14, '2020-07-07 02:18', 'https://www.reddit.com/r/Bitcoin/comments/hmjwws/what_makes_btc_better_than_every_other_coin/fx5lvqr/', 'Not controlled by CEOs like vitalik or Justin sun or powerful scammers like Craig Wright or Rodger Ver. Developments are slow and basic and core developers don’t bail out shits like the DAO (ethereum bailed them out after writing a bad smart contract with a huge bug).', 'hmjwws'], ['u/laobuggier', 18, '2020-07-07 03:18', 'https://www.reddit.com/r/Bitcoin/comments/hmjwws/what_makes_btc_better_than_every_other_coin/fx5s05h/', 'Nope\n\nIn fact only BTC is sufficiently decentralized (and has room to improve)', 'hmjwws'], ['u/brianddk', 12, '2020-07-07 03:30', 'https://www.reddit.com/r/Bitcoin/comments/hmjwws/what_makes_btc_better_than_every_other_coin/fx5t8l2/', '&gt; What makes BTC better than every other coin?\n\nhashrate', 'hmjwws'], ['u/Glugstar', 12, '2020-07-07 03:31', 'https://www.reddit.com/r/Bitcoin/comments/hmjwws/what_makes_btc_better_than_every_other_coin/fx5tdqt/', "Is that website for real?\n\nI knew that other coins were relatively cheap compared to bitcoin for a 51% attack, but it's far worse than I imagined. If that info is accurate, some of the coins are a complete joke.", 'hmjwws'], ['u/bit_LOL', 33, '2020-07-07 04:59', 'https://www.reddit.com/r/Bitcoin/comments/hmjwws/what_makes_btc_better_than_every_other_coin/fx6274k/', 'There has never been a way to create scarce digital assets.\n\nSomeone is always in control, someone who controls the "server" and can generate more of the asset/coin at will. Sometimes it can simply be copy-pasted to create more.\n\nBitcoin is the first of its kind, a provably scarce digital asset. \nIt has solved this problem of preventing "double-spending" digital assets without having "someone in control", as well as solving the issue of "printing". \nThat is what makes it so revolutionary, there has never been a similar breakthrough.\n\nWhat it has now become is a global experiment, on whether we can truly store value in a scarce digital asset. On whether it can fulfill a role similar to gold - with the added benefits of being impossible to counterfeit (scam forks don\'t count), easy to store, easy to send to anywhere in the world, easy to carry across borders, can even be stored in your mind, and cannot be seized, frozen, subpoena\'d, or forced to move in anyway without your permission.\n\nIf Bitcoin, with the first-mover advantage, the biggest network (thus having the highest security, since having the highest hashrate ensures it is the hardest coin to attack) by a HUGE margin, fails to fulfill this purpose, then the global experiment on whether a scarce digital asset can be a store-of-value has failed. It will prove that scarce digital assets are obsoletable technology (like Friendster, MySpace, Betamax, VHS, etc), instead of being unobsoletable money, like gold has been for centuries.\n\nBetting on "cryptocurrency" to succeed without betting on Bitcoin makes no sense. \nIt\'s either Bitcoin succeeds, or crypto will be proven to be unfeasible as a store-of-value, and if the crypto market continues to exist, it will be nothing more than a speculation ~~casino~~ market where digital assets eventually go to die, like 24/7 international penny stocks.\n\nI bet on Bitcoin. \nBitcoin, not blockchain.\n\n"Blockchain technology" is nothing more than a "slow database". \nThe benefit of being "immutable" does not exist when the network is small or centralized, and thus the cost of attacking the coin is viable for a single entity.', 'hmjwws']]], ['u/PTakhar', 'Is it a good time to invest in Bitcoin?', 12, '2020-07-07 03:57', 'https://www.reddit.com/r/Bitcoin/comments/hmli0g/is_it_a_good_time_to_invest_in_bitcoin/', "Hey guys! I've been saving some money the past few years. Currently living with parents so there is no financial stresses. \n\nI got around $2000 I can invest and I'm wondering if Bitcoin is worth the investment or should I go with other coins? \n\nI'll probably buy using Coinbase, if that matters. BTW, I purchase in CAD, is that bad based on exchange rates n' what not?", 'https://www.reddit.com/r/Bitcoin/comments/hmli0g/is_it_a_good_time_to_invest_in_bitcoin/', 'hmli0g', [['u/toenail6969', 10, '2020-07-07 03:58', 'https://www.reddit.com/r/Bitcoin/comments/hmli0g/is_it_a_good_time_to_invest_in_bitcoin/fx5w5wl/', 'Definitely buy', 'hmli0g'], ['u/---AverageJoe---', 24, '2020-07-07 04:44', 'https://www.reddit.com/r/Bitcoin/comments/hmli0g/is_it_a_good_time_to_invest_in_bitcoin/fx60nuf/', 'No, it’s not a good time. Come back again to buy when it’s over $100,000. As they say: buy high, sell low.', 'hmli0g'], ['u/Keplaffintech', 12, '2020-07-07 04:45', 'https://www.reddit.com/r/Bitcoin/comments/hmli0g/is_it_a_good_time_to_invest_in_bitcoin/fx60t4f/', "On this subreddit you're always going to get a recommendation to buy. No one knows what will really happen though.", 'hmli0g'], ['u/SumDaysAreGood', 23, '2020-07-07 05:23', 'https://www.reddit.com/r/Bitcoin/comments/hmli0g/is_it_a_good_time_to_invest_in_bitcoin/fx64i36/', 'This is like walking into a bar and asking if it’s a good time for a drink.', 'hmli0g']]], ['u/ThrowRAfellforit89', 'My (31F) husband (31M) just fell for a phone scam and we are out almost 10k', 188, '2020-07-07 04:40', 'https://www.reddit.com/r/legaladvicecanada/comments/hmm5n5/my_31f_husband_31m_just_fell_for_a_phone_scam_and/', 'I\'m frustrated, to say the least. I\'m not joking when I say I thought I\'d have to worry about my grandparents, not my husband about this.\n\nApparently, they sounded legitimate, and he took off work, and spent all afternoon running around the city, going to different banks (the callers advice) and... Bingo, not keeping the cash, but depositing it into a... Bitcoin bank. :) "They said it was safest." Its a scam!!! "No??? If I didn\'t, they said I could be found guilty and found non-compliant..."\n\nMy husband is the sweetest, most caring husband and father. The worst thing he has done is this. I honestly don\'t think he "meant" it, and was just too scared and thought it to be real. He said "It was the CRA and our local RCMP..." he said he was worried when they said, "Either do what we say (red flag...) or you\'ll be tried and fund guilty since the true scammers took your SIN number and are laundering money." We have a small small child, husband is the breadwinner, and I started a new and difficult spot at work...\n\nWhat do we do. (Aside from the scam, already spoke with our local police; the real ones, and our banks...) I\'m... so incredibly frustrated and mad. This isn\'t he left the toilet lid up. He forgot to pick up our kids fav yogurt ont he way home from work and they\'re without... this is... major...', 'https://www.reddit.com/r/legaladvicecanada/comments/hmm5n5/my_31f_husband_31m_just_fell_for_a_phone_scam_and/', 'hmm5n5', [['u/GrumpyDwarf4U', 67, '2020-07-07 04:53', 'https://www.reddit.com/r/legaladvicecanada/comments/hmm5n5/my_31f_husband_31m_just_fell_for_a_phone_scam_and/fx61ly8/', 'I don’t think there’s much you can do aside from getting your police case number and call your banks asking them to put a hold on your accounts and denying any withdrawal or payment over a certain amount.', 'hmm5n5'], ['u/liam-thegreat', 190, '2020-07-07 04:53', 'https://www.reddit.com/r/legaladvicecanada/comments/hmm5n5/my_31f_husband_31m_just_fell_for_a_phone_scam_and/fx61m4q/', 'Unfortunately the reason why scammers get people to send through bit coin is because it isn’t recoverable or traceable. Chances are you are out of luck, just take this situation as a lesson.', 'hmm5n5'], ['u/BriefingScree', 18, '2020-07-07 04:54', 'https://www.reddit.com/r/legaladvicecanada/comments/hmm5n5/my_31f_husband_31m_just_fell_for_a_phone_scam_and/fx61nz2/', 'Probably need to go to r/relationship_advice. Legally you are stuck unless you can find the scammer and sue them for your money back', 'hmm5n5'], ['u/flyingsqueakers', 29, '2020-07-07 04:57', 'https://www.reddit.com/r/legaladvicecanada/comments/hmm5n5/my_31f_husband_31m_just_fell_for_a_phone_scam_and/fx61z2f/', "NAL and this won't help you much, but:\n\n [https://www.antifraudcentre-centreantifraude.ca/scams-fraudes/victim-victime-eng.htm](https://www.antifraudcentre-centreantifraude.ca/scams-fraudes/victim-victime-eng.htm) \n [https://www.antifraudcentre-centreantifraude.ca/report-signalez-eng.htm](https://www.antifraudcentre-centreantifraude.ca/report-signalez-eng.htm) \n\n&amp;#x200B;\n\nBest of luck with your situation", 'hmm5n5'], ['u/yukonwanderer', 17, '2020-07-07 05:01', 'https://www.reddit.com/r/legaladvicecanada/comments/hmm5n5/my_31f_husband_31m_just_fell_for_a_phone_scam_and/fx62c6c/', "Maybe he should also speak to a psychologist or neurologist? It just doesn't sound like something a rational adult with all their marbles would believe.", 'hmm5n5'], ['u/ThrowRAfellforit89', 12, '2020-07-07 05:24', 'https://www.reddit.com/r/legaladvicecanada/comments/hmm5n5/my_31f_husband_31m_just_fell_for_a_phone_scam_and/fx64lfr/', 'Oh no... I had no idea.', 'hmm5n5'], ['u/ThrowRAfellforit89', 12, '2020-07-07 05:25', 'https://www.reddit.com/r/legaladvicecanada/comments/hmm5n5/my_31f_husband_31m_just_fell_for_a_phone_scam_and/fx64nvt/', "He said he was just so scared and it sounded so real. And the fear of missing out of seeing his daughter gr... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9428.33, 9277.97, 9278.81, 9240.35, 9276.50, 9243.61, 9243.21, 9192.84, 9132.23, 9151.39
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 fell by 1.00% on Tuesday. Partially reversing a 2.99% gain from Monday, Bitcoin ended the day at $9,267.5.\nIt was a mixed start to the day for Bitcoin. Bitcoin rose to an early morning intraday high $9,389.4 before hitting reverse.\nFalling well short of the first major resistance level at $9,475.2, Bitcoin slid to a late intraday low $9,211.1.\nSteering clear of the first major support level at $9,161.4, Bitcoin moved back through to $9,260 levels to limit the loss on the day.\nThe near-term bullish trend remained intact in spite of the recent pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Tuesday.\nCardano’s ADA jumped by 11.78% to lead the way.\nBinance Coin (+2.94%), Stellar’s Lumen (+2.76%), and Tezos (+2.71%) also bucked the trend on the day.\nIt was a bearish day for the rest of the majors, however.\nBitcoin Cash SV (-4.55%) and Tron’s TRX (-4.80%) led the way down.\nBitcoin Cash ABC (-1.28%), EOS (-2.14%), Ethereum (-0.97%), Litecoin (-1.54%), Monero’s XMR (-0.68%) and Ripple’s XRP (-1.93%) also joined Bitcoin in the red.\nIn the current week, the crypto total market cap rose from a Monday low $254.54bn to Tuesday high $267.10bn. At the time of writing, the total market cap stood at $263.81bn.\nBitcoin’s dominance fell from a Monday high 65.58% to a Tuesday low 64.30%. At the time of writing, Bitcoin’s dominance stood at 64.58%.\nAt the time of writing, Bitcoin was down by 0.07% to $9,261.2. A bullish start to the day saw Bitcoin rise to an early morning high $9,278.6 to a low $9,256.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nCardano’s ADA was on the move once more, rising by 1.20%, with BNB up by 0.23% at the time of writing.\nIt was a bearish start for the rest of the majors, however.\nAt the time of writing, Bitcoin Cash and Tron’s TRX were down by 1.07% and by 2.19% to lead the way down.\nBitcoin would need to move through the $9,290 pivot to support a run at the first major resistance level at $9,367.57.\nSupport from the broader market would be needed, however, for Bitcoin to break back through to $9,300 levels.\nBarring an extended crypto rebound, the first major resistance level and Tuesday’s high $9,389.4 would likely cap any upside.\nIn the event of a crypto breakout, Bitcoin should break through the second major resistance level at $9,467.63.\nFailure to move through the $9,290 pivot level would bring the first major support level at $9,189.27 into play.\nBarring an extended crypto sell-off, however, Bitcoin should avoid sub-$9,100 levels. The second major resistance level at $9,111.03 would likely limit any downside.\nThisarticlewas originally posted on FX Empire\n• GBP/JPY Price Forecast – British Pound Breaks Towards Major Level\n• Credit/Investments Turned Into End-User Risk Again\n• European Equities: DAX Set to Open in the Red, with No Stats to Provide Direction\n• Gold Price Prediction – Prices Break Out To 8-Year Highs as US Yields Ease\n• Natural Gas Price Forecast – Natural Gas Markets Continue Breakout\n• Natural Gas Price Prediction – Prices Rise but Fail at Resistance', 'Bitcoin fell by 1.00% on Tuesday. Partially reversing a 2.99% gain from Monday, Bitcoin ended the day at $9,267.5. It was a mixed start to the day for Bitcoin. Bitcoin rose to an early morning intraday high $9,389.4 before hitting reverse. Falling well short of the first major resistance level at $9,475.2, Bitcoin slid to a late intraday low $9,211.1. Steering clear of the first major support level at $9,161.4, Bitcoin moved back through to $9,260 levels to limit the loss on the day. The near-term bullish trend remained intact in spite of the recent pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Tuesday. Cardano’s ADA jumped by 11.78% to lead the way. Binance Coin (+2.94%), Stellar’s Lumen (+2.76%), and Tezos (+2.71%) also bucked the trend on the day. It was a bearish day for the rest of the majors, however. Bitcoin Cash SV (-4.55%) and Tron’s TRX (-4.80%) led the way down. Bitcoin Cash ABC (-1.28%), EOS (-2.14%), Ethereum (-0.97%), Litecoin (-1.54%), Monero’s XMR (-0.68%) and Ripple’s XRP (-1.93%) also joined Bitcoin in the red. In the current week, the crypto total market cap rose from a Monday low $254.54bn to Tuesday high $267.10bn. At the time of writing, the total market cap stood at $263.81bn. Bitcoin’s dominance fell from a Monday high 65.58% to a Tuesday low 64.30%. At the time of writing, Bitcoin’s dominance stood at 64.58%. This Morning At the time of writing, Bitcoin was down by 0.07% to $9,261.2. A bullish start to the day saw Bitcoin rise to an early morning high $9,278.6 to a low $9,256.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Cardano’s ADA was on the move once more, rising by 1.20%, with BNB up by 0.23% at the time of writing. Story continues It was a bearish start for the rest of the majors, however. At the time of writing, Bitcoin Cash and Tron’s TRX were down by 1.07% and by 2.19% to lead the way down. For the Bitcoin Day Ahead Bitcoin would need to move through the $9,290 pivot to support a run at the first major resistance level at $9,367.57. Support from the broader market would be needed, however, for Bitcoin to break back through to $9,300 levels. Barring an extended crypto rebound, the first major resistance level and Tuesday’s high $9,389.4 would likely cap any upside. In the event of a crypto breakout, Bitcoin should break through the second major resistance level at $9,467.63. Failure to move through the $9,290 pivot level would bring the first major support level at $9,189.27 into play. Barring an extended crypto sell-off, however, Bitcoin should avoid sub-$9,100 levels. The second major resistance level at $9,111.03 would likely limit any downside. This article was originally posted on FX Empire More From FXEMPIRE: GBP/JPY Price Forecast – British Pound Breaks Towards Major Level Credit/Investments Turned Into End-User Risk Again European Equities: DAX Set to Open in the Red, with No Stats to Provide Direction Gold Price Prediction – Prices Break Out To 8-Year Highs as US Yields Ease Natural Gas Price Forecast – Natural Gas Markets Continue Breakout Natural Gas Price Prediction – Prices Rise but Fail at Resistance', '(Bloomberg) -- Ride-hailing giant Didi Chuxing is testing China\x92s digital cash as a payment method on its platform, in what could be one of the first real-world applications of the electronic version of the yuan. The SoftBank Group Corp.-backed startup said on Wednesday it\x92s working with a research wing of the People\x92s Bank of China on uses for the virtual legal tender dubbed Digital Currency Electronic Payment, or DCEP. That includes testing the token on its ride-hailing platform, people familiar with the matter said. Specifics like when the feature will officially roll out aren\x92t clear yet, they said, asking not to be identified because the plan is private. Shares in Chinese financial software and information security companies including Feitian Technologies Co. and Julong Co. rose by their 10% daily limits on the news. Representatives from the PBOC had no comment when contacted. China\x92s government began a pilot program for its digital currency, which lives on a mobile wallet application and offers Beijing greater control of the country\x92s financial system, a few months ago. The initial testing was limited to four cities, with local media reporting that some of the money was distributed via transport subsidies to residents in Suzhou. However, implementation remains a question. China\x92s $27 trillion payments industry is already dominated by twin internet giants Alibaba Group Holding Ltd. and Tencent Holdings Ltd. Adoption by Didi, which connects half a billion Chinese commuters, would drive acceptance of China\x92s digital coin and widen Beijing\x92s global lead in government-sanctioned virtual tokens. Didi currently employs payment tools from Tencent and Alibaba-backed Ant Group, so it would appear to be a good candidate for DCEP. Beyond its core ride-sharing business, Didi is luring grocers and merchants onto its platform -- and they could also become users of the national digital tokens. Why China\x92s Rushing to Mint Its Own Digital Currency: QuickTake Story continues China\x92s central bank has led global peers in development of digital legal tender, with research efforts started in at least 2014. The digital currency is intended to eventually replace coins and banknotes, and could offer an alternative to the dollar-based international payments systems. \x93DCEP will become a key infrastructure of digital economy,\x94 Didi said in a Chinese statement. It will work with the government to \x93boost the integration of the digital economy with the real economy.\x94 Read more: China\x92s Digital Currency Could Challenge Bitcoin and Even the Dollar (Updates with share action in the third paragraph) For more articles like this, please visit us at bloomberg.com Subscribe now to stay ahead with the most trusted business news source. ©2020 Bloomberg L.P.', '(Bloomberg) -- Ride-hailing giant Didi Chuxing is testing China\x92s digital cash as a payment method on its platform, in what could be one of the first real-world applications of the electronic version of the yuan. The SoftBank Group Corp.-backed startup said on Wednesday it\x92s working with a research wing of the People\x92s Bank of China on uses for the virtual legal tender dubbed Digital Currency Electronic Payment, or DCEP. That includes testing the token on its ride-hailing platform, people familiar with the matter said. Sp **Last 60 Days of Bitcoin's Closing Prices:** [9593.90, 8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85, 9771.49, 9795.70, 9870.09, 9321.78, 9480.84, 9475.28, 9386.79, 9450.70, 9538.02, 9480.25, 9411.84, 9288.02, 9332.34, 9303.63, 9648.72, 9629.66, 9313.61, 9264.81, 9162.92, 9045.39, 9143.58, 9190.85, 9137.99, 9228.33, 9123.41, 9087.30, 9132.49, 9073.94, 9375.47, 9252.28] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-07-08 **Financial & Commodity Data:** - Gold Closing Price: $1815.50 - Crude Oil Closing Price: $40.90 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $173,989,209,312 - Hash Rate: 118480294.227925 - Transaction Count: 347455.0 - Unique Addresses: 702636.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.44 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Thailand is teaming with a blockchain firm to encourage peer-to-peer trading of renewable energy. Announced on Monday, Thai Digital Energy Development (TDED) – a public-private joint venture – has inked a deal with blockchain energy startup Power Ledger to develop a blockchain-based digital energy business. The deal, also in collaboration with energy suppliers in Thailand, seeks to develop solutions for peer-to-peer energy trading and environmental commodity trading, Australia-based Power Ledger said in a press release. Related:Colombia, Deloitte, ConsenSys Sign On to WEF’s ‘Blockchain Bill of Rights’ Ultimately, the partners aim to assist Thailand’s drive to hit a 25% renewable energy target by 2037 as the nation transitions away from fossil fuels. “Blockchain-enabled transactive energy solutions including peer-to-peer (P2P) energy trading, virtual power plants as well as renewable energy certificates and carbon credits trading will be the key to establishing economically viable renewable energy markets,” said Power Ledger’s co-founder and executive chairman, Jemma Green. “Our partnership with TDED will allow us to accelerate our efforts to promote distributed digital energy markets in Thailand,” Green added. See also:Everledger Offers Diamond Industry Blockchain-Based Carbon Offsetting Related:US Military Is Falling Behind China, Russia in Blockchain Arms Race: IBM, Accenture The partners will oversee the management of four “clean power” projects from renewable energy provider BCPG Group, which have been included via a sandbox project to encourage uptake of renewable energy by Thailand’s Office of Energy Regulatory Commission. BCPG is a Bangkok-based firm dealing in solar, wind and geothermal power, with operations in Thailand, Japan, the Philippines and Indonesia. Together with a Thai electrical manufacturer under the Provincial Electricity Authority, it runs the TDED venture. One of the first projects to come out of the Power Ledger collaboration will focus on energy and carbon management at the 12-megawatt “smart campus” at Chiang Mai University in Thailand’s north. See also:A New York Power Plant Is Mining $50K Worth of Bitcoin a Day Power Ledger’s “expertise in state-of-the-art technology will help materialize TDED’s goal in the development of digital energy products and services, as well as making clean energy more accessible to people.” said TDED and BCPG president Bundit Sapianchai. Power Ledger has been working with BCPG in Thailand since 2018 when it launched a peer-to-peer energy trading trial in Bangkok. • Vitalik Buterin: Blockchains Will Discourage Monopolies, Not Create Them • ChromaWay Expands Effort to Put Latin American Land Records on the 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.
9277.97, 9278.81, 9240.35, 9276.50, 9243.61, 9243.21, 9192.84, 9132.23, 9151.39, 9159.04
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:** ['Traders in this part of the world continue to monitor the situation in the US, where the majority of states continue to see the number of new Covid-19 cases increase. As of yesterday, the number of confirmed cases in the US exceeded 3 million. On Tuesday, the WHO cautioned there could be an increase in the fatality rate as there has been a rise in infections, but the death rate so far has lagged. US-China tensions were doing the rounds yesterday. The decision by the Chinese government to introduce the national security law in regards to Hong Kong has sparked criticism from many countries around the world as it chips away at the principal of ‘one country two systems’. Yesterday there was speculation the US government would hit back at Beijing by potentially undermining the Hong Kong Dollar (HKD) peg. It wasn’t that long ago that President Trump reiterated that the US-China trade deal was intact, so going after the HKD might be a useful tactic. The US leader might be hesitant about taking a very tough stance against the Beijing administration given that he’s not doing well in the polls and the Presidential election is in November. The mini-budget from Rishi Sunak, the UK’s Chancellor of the Exchequer, made big political headlines yesterday, but it didn’t have a significant impact on the markets. Mr Sunak revealed £30 billion worth of schemes that are aimed at providing assistance to the UK economy. The furlough scheme will come to an end in October and £9 billion will be allocated to job retention. There will be a temporary cut to VAT for the tourism and hospitality sector. In addition to that, there have been incentives offered for dining out too – the combined stimulus is worth £4.5 billion. Providing help to the battered hospitality sector is a sensible move, but people in the UK might be cautious about socialising given what has happened in places like Melbourne and the US in relation to a rise in new cases. As expected, the stamp duty threshold was upped to £500,000 from £125,000. One could argue that this tactic might not be as fruitful as the government are hoping as some people are likely to be cautious about purchasing a property on account of the huge economic uncertainty. Story continues The health crisis in the US remained in focus. Oklahoma, California and Tennessee all posted a record daily rise in the number of new cases. States like Florida and Arizona continue to see higher case numbers too. Despite the pandemic, US equity benchmarks closed higher as the tech sector continued its bullish run. Amazon , Apple and Netflix all set new record highs. Raphael Bostic, the head of the Federal Reserve of Atlanta, said that some of the fiscal support programmes might need to be extended. Overnight, China posted its CPI data for June and the level was 2.5%, while economists were expecting 2.5%. Keep in mind the May reading was 2.4%. The PPI metric was -3%, and the consensus estimate was -3.2%, while the previous update was -3.7%. The improvement in the PPI rate might bring about higher CPI in the months ahead. Stocks in Asia are up on the session, and European markets are being called higher too. The US dollar came under pressure yesterday. It was a quiet day in terms of economic data so the move wasn’t influenced by economic indicators. Lately the greenback has been a popular safe haven for traders, it was showing losses during the day when European indices were in the red, and when US stocks were flickering between positive and negative territory. Gold was given a hand by the slide in the US dollar. The metal topped $1,800, and it was the first time since September 2011 that it traded above that mark. The commodity is still popular with certain traders as there are concerns that a second wave of Covid-19 could be on the cards. The metal’s positive move is being partly fuelled by the belief that central banks will maintain very loose monetary policy. Some people are afraid an inflation rise is in the pipeline, so that is influencing gold too. At 7am (UK time) Germany will post its trade data for May, and the imports and exports are tipped to be 12% and 13.8% respectively. The US initial jobless claims is anticipated to fall from 1.42 million to 1.37 million. The metric has fallen for the past 13 weeks in a row. The continuing claims reading is tipped to drop from 19.29 million to 18.95 million. Keep in mind that last week’s reading actually ticked up. The reports will be posted at 1.30pm (UK time). A eurogroup video conference meeting will be held today and traders will be listening out for any potential progress being made in relation to the region’s recovery fund. EUR/USD – since early May it has been in an uptrend, but it has been trading sideways recently. If it holds above the 1.1168 zone, it could target 1.1495. A break below the 1.1168 area might pave the way for 1.1042, the 200 day moving average, to be targeted. GBP/USD – since late June it has been in an uptrend, and should the positive move continue, it might target 1.2687, the 200-day moving average. A move through that level should put 1.2812 on the radar. A drop below 1.2251, might bring 1.2076 into play. EUR/GBP – Tuesday’s daily candle has the potential to be a bearish reversal, and if it moves lower it might find support at 0.8935, the 50-day moving average. A retaking of 0.9067 could see it target 0.9239. USD/JPY – has been drifting lower for the last month and support could come into play at 106.00. A rebound might run into resistance at 108.37, the 200-day moving average. FTSE 100 is expected to open 34 points higher at 6,190 DAX 30 is expected to open 153 points higher at 12,647 CAC 40 is expected to open 46 points higher at 5,027 For a look at all of today’s economic events, check out our economic calendar . By David Madden (Market Analyst at CMC Markets UK) This article was originally posted on FX Empire More From FXEMPIRE: Forex Technical Analysis & Forecast for July 9, 2020 EUR/USD Daily Forecast – Euro Eases Lower After Touching 4-Week High Why Are Bitcoin Exchange Trading Volumes Dropping? Uber Beefs up for Food Fight with $2.65B Acquisition People Worry Again. Will They Buy Gold? Stop Believing The “Economy” Is The Same As The Stock Market', 'Traders in this part of the world continue to monitor the situation in the US, where the majority of states continue to see the number of new Covid-19 cases increase. As of yesterday, the number of confirmed cases in the US exceeded 3 million. On Tuesday, the WHO cautioned there could be an increase in the fatality rate as there has been a rise in infections, but the death rate so far has lagged. US-China tensions were doing the rounds yesterday. The decision by the Chinese government to introduce the national security law in regards to Hong Kong has sparked criticism from many countries around the world as it chips away at the principal of ‘one country two systems’. Yesterday there was speculation the US government would hit back at Beijing by potentially undermining the Hong Kong Dollar (HKD) peg. It wasn’t that long ago that President Trump reiterated that the US-China trade deal was intact, so going after the HKD might be a useful tactic. The US leader might be hesitant about taking a very tough stance against the Beijing administration given that he’s not doing well in the polls and the Presidential election is in November. The mini-budget from Rishi Sunak, the UK’s Chancellor of the Exchequer, made big political headlines yesterday, but it didn’t have a significant impact on the markets. Mr Sunak revealed £30 billion worth of schemes that are aimed at providing assistance to the UK economy. The furlough scheme will come to an end in October and £9 billion will be allocated to job retention. There will be a temporary cut to VAT for the tourism and hospitality sector. In addition to that, there have been incentives offered for dining out too – the combined stimulus is worth £4.5 billion. Providing help to the battered hospitality sector is a sensible move, but people in the UK might be cautious about socialising given what has happened in places like Melbourne and the US in relation to a rise in new cases. As expected, the stamp duty threshold was upped to £500,000 from £125,000. One could argue that this tactic might not be as fruitful as the government are hoping as some people are likely to be cautious about purchasing a property on account of the huge economic uncertainty. Story continues The health crisis in the US remained in focus. Oklahoma, California and Tennessee all posted a record daily rise in the number of new cases. States like Florida and Arizona continue to see higher case numbers too. Despite the pandemic, US equity benchmarks closed higher as the tech sector continued its bullish run. Amazon , Apple and Netflix all set new record highs. Raphael Bostic, the head of the Federal Reserve of Atlanta, said that some of the fiscal support programmes might need to be extended. Overnight, China posted its CPI data for June and the level was 2.5%, while economists were expecting 2.5%. Keep in mind the May reading was 2.4%. The PPI metric was -3%, and the consensus estimate was -3.2%, while the previous update was -3.7%. The improvement in the PPI rate might bring about higher CPI in the months ahead. Stocks in Asia are up on the session, and European markets are being called higher too. The US dollar came under pressure yesterday. It was a quiet day in terms of economic data so the move wasn’t influenced by economic indicators. Lately the greenback has been a popular safe haven for traders, it was showing losses during the day when European indices were in the red, and when US stocks were flickering between positive and negative territory. Gold was given a hand by the slide in the US dollar. The metal topped $1,800, and it was the first time since September 2011 that it traded above that mark. The commodity is still popular with certain traders as there are concerns that a s **Last 60 Days of Bitcoin's Closing Prices:** [8756.43, 8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85, 9771.49, 9795.70, 9870.09, 9321.78, 9480.84, 9475.28, 9386.79, 9450.70, 9538.02, 9480.25, 9411.84, 9288.02, 9332.34, 9303.63, 9648.72, 9629.66, 9313.61, 9264.81, 9162.92, 9045.39, 9143.58, 9190.85, 9137.99, 9228.33, 9123.41, 9087.30, 9132.49, 9073.94, 9375.47, 9252.28, 9428.33] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-07-09 **Financial & Commodity Data:** - Gold Closing Price: $1799.20 - Crude Oil Closing Price: $39.62 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $173,989,209,312 - Hash Rate: 128680584.459468 - Transaction Count: 362718.0 - Unique Addresses: 708162.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.44 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Staff at Bitmain now have a decision to make: whether to return to the office and which executive they choose to take orders from. Micree Zhan Ketuan, the Bitmain co-founder who was ousted in a coup by his rival Wu Jihan last October, sent out a letter addressed to Bitmain employees via his WeChat feed on Thursday, saying he had returned to the company’s Beijing office starting from June 3. He further called for staffers at Bitmain to return to the office to join him and said he will “lead the company to complete an initial public offering as soon as possible and push Bitmain’s market capitalization to over $50 billion in the next three to five years.” Due to the impact of the coronavirus outbreak, most of Bitmain’s Beijing staff have been working from home since earlier this year. A video circulating online and verified by Chinese crypto media source BlockBeats shows that Zhan led a group of private guards and forcefully entered Bitmain’s office in Beijing on Wednesday. According to one Bitmain employee, who spoke to CoinDesk under the condition of anonymity, Zhan was also handing out cash bonuses worth 10,000 yuan ($1,500) to those returning yesterday and 5,000 yuan ($700) for those that turned up today. The news marks the latest twist in Bitmain’s bitter internal fight which has cast doubts among investors and customers over the management of the world’s largest bitcoin miner manufacturer. Recently the dispute even descended into physical confrontation between the management factions as Zhan regained his official status as a legal representative of the Beijing Bitmain Technology Limited, the main operating entity of Bitmain. Twin seals Related: Bitmain’s Feuding Co-Founders Are Fracturing the Firm and Staff Are Caught in the Middle Going by Zhan’s letter on Thursday, it also looks like there’s been a “hard fork” of the company’s official seal, of which there are now appears to be two. Story continues Early last month, as Zhan recovered his status as legal representative of Beijing Bitmain, he was entitled to receive a new business license for the company issued by a Beijing government agency that oversees corporate registrations. However, at the time, Zhan was not in possession of the official seal of Beijing Bitmain. In China, a company’s official seal is as important as the role of the legal representative in terms of signing a company’s decision into effect. Forging an official seal is an offense under China’s criminal laws. Since the tussle at the government office, Bitmain has been discussing with staff the transferring of their employment contracts from Beijing Bitmain to another parallel subsidiary, Beijing Guiyuan Dalu, according to one person familiar with the plan. Like Beijing Bitmain, the new entity is wholly owned by Bitmain Technologies Hong Kong and was officially registered on May 26. But the legal representative of Beijing Guiyuan Dalu is not Zhan. On May 27, it was reported by Chinese crypto media that Zhan had issued a document on May 25 in an effort to fire Liu Luyao from his role as Bitmain’s CFO, who was also involved in the May confrontation. The document, signed by Zhan, did not bear the official seal of Bitmain. On the same day, Beijing Bitmain issued a statement with the official seal via its WeChat account, saying Zhan had no authority to act as a legal representative to give notices or directions to its staff. The firm further said it was in possession of the effective official seal with a serial number of 1101070056574 and no employees should take Zhan’s directions or otherwise it will take legal actions. However, Zhan’s June 4 letter bears a different official seal for Beijing Bitmain with a serial number of 1101081651178. Zhan also posted a statement on June 3 saying the previous seal – ending in 6574 – had been voided. In the latest chapter of the saga, Bitmain issued a statement via its official WeChat account on Wednesday accusing Zhan of forging an official seal of the company and said it has hired lawyers to take legal action against him. Zhan already has ongoing legal cases against Bitmain regarding his voting power in the company in the Cayman Islands, where Bitmain’s ultimate controlling holding entity resides. EDIT (14:49 UTC): Added new information about bonuses being offered for returning to work. Related Stories Internal Struggle at Bitcoin Mining Giant Bitmain Escalates to Physical Confrontation Jihan Wu... - Reddit Posts (Sample): [['u/KuvarsitWatch', '[Kuvarsit Watch Store] Short Break From New Orders', 18, '2020-07-09 01:46', 'https://www.reddit.com/r/RepTime/comments/hnsdzm/kuvarsit_watch_store_short_break_from_new_orders/', '\n Hello Dears\n \n It has been always a great pleasure for us to provide the best watches for you. I will like to inform you all about important announcement of the Kuvarsit Watch Store. Due to the Covid-19 things are working very slow here in China like taking watches from factories and doing the shipping etc also not all of our staff are back to normal working condition. This is why there been slight delays on the process of the orders which is known by members who have placed orders in our store. \n\n To ensure the quality of the service and watches we decided to stop taking new orders for few days from July 10th - 15th. We will like to deliver all watches which has been placed in our store till now and then start getting new orders. Free shipping and other special offers are getting us many orders and we appreciate your trust, choosing our store to buy the watches. \n\n All the orders which will be placed by Bitcoin, Western Union, Bank Wire Transfer and Alipay we will give payment information by July 15th. Customers who will be paying by master card can still make payments because we can’t cancel the credit card links to avoid other problems and we will only process the QC pictures after July 15th. \n\n “Sales can go UP and DOWN but Service Stays Forever”\n\n\nKind Regards, Julia\nKuvarsit07.com\[email protected]', 'https://www.reddit.com/r/RepTime/comments/hnsdzm/kuvarsit_watch_store_short_break_from_new_orders/', 'hnsdzm', [['u/loercase', 12, '2020-07-09 04:18', 'https://www.reddit.com/r/RepTime/comments/hnsdzm/kuvarsit_watch_store_short_break_from_new_orders/fxdqjp0/', '&gt; It has been always a great pleasure for us to provide the best watches for you. I will like to inform you all about important announcement of the Kuvarsit Watch Store. Due to the Covid-19 things are working very slow here in China like taking watches from factories and doing the shipping etc also not all of our staff are back to normal working condition. This is why there been slight delays on the process of the orders which is known by members who have placed orders in our store. \n\n&gt; To ensure the quality of the service and watches we decided to stop taking new orders for few days from July 10th - 15th. We will like to deliver all watches which has been placed in our store till now and then start getting new orders. Free shipping and other special offers are getting us many orders and we appreciate your trust, choosing our store to buy the watches. \n\nThere now I can read it', 'hnsdzm']]], ['u/fcdeluxe', 'Nano is different. Nano is digital cash.', 154, '2020-07-09 04:18', 'https://www.reddit.com/r/nanocurrency/comments/hnur0o/nano_is_different_nano_is_digital_cash/', 'If I go to the market with $ 100 in cash to buy cheese, the shop owner can use $ 100 to go to the restaurant. \n\nIn turn, the restaurant owner will be able to use them for petrol and the owner of the petrol station for shopping. \n\nEventually the $ 100 will pass into many hands but will always be $ 100. \n\nIf I go to the market with $ 100, pay with the card and use them to get the cheese, the shop owner will have $ 99 to go to the restaurant ($ 1 for a fee). \n\nIn turn, the owner of the restaurant will have $ 98 to get petrol and the owner of the petrol station $ 97 to go shopping. The supermarket will collect $ 96. Eventually the initial $ 100 will gradually tend to $ 0. The same thing happens with BTC and many other cryptocurrencies.\n\nNano is different. Nano is digital cash.', 'https://www.reddit.com/r/nanocurrency/comments/hnur0o/nano_is_different_nano_is_digital_cash/', 'hnur0o', [['u/CryptoGod12', 20, '2020-07-09 05:10', 'https://www.reddit.com/r/nanocurrency/comments/hnur0o/nano_is_different_nano_is_digital_cash/fxdvp93/', 'They could easily just fork nano. With a bunch of investor backing they could pay any team of coders they wanted and of course they would be able to do what nano hasn’t.... market the hell out of it. So I would say pretty easy. \n\nWhat they wouldn’t have is the dedicated community, however that doesn’t mean people in the nano community wouldn’t jump ship if they actually believed in the project.', 'hnur0o'], ['u/c0wt00n', 10, '2020-07-09 05:53', 'https://www.reddit.com/r/nanocurrency/comments/hnur0o/nano_is_different_nano_is_digital_cash/fxdzs3m/', 'That all costs money tho, why would anyone fork nano and then then pump millions of dollars into marketing with no way to make anything back? \n\n\nThey either have to give themselves a boat load of coins, or change the protocol, neither of which then is nano anymore.', 'hnur0o'], ['u/sparemethis', 28, '2020-07-09 07:12', 'https://www.reddit.com/r/nanocurrency/comments/hnur0o/nano_is_different_nano_is_digital_cash/fxe6kkl/', 'Spend a replace. \n\nI spend as much nano as I possibly can because circulation is priceless and I always replace it, usually with 2-3x more.', 'hnur0o'], ['u/iliketoreadandwrite', 12, '2020-07-09 16:22', 'https://www.reddit.com/r/nanocurrency/comments/hnur0o/nano_is_different_nano_is_digital_cash/fxfautm/', "What do you mean? Nano ain't hard to use at all. Out of all the cryptocurrencies I've played with, Nano is by far the easiest to use.", 'hnur0o'], ['u/cinnapear', 13, '2020-07-09 16:33', 'https://www.reddit.com/r/nanocurrency/comments/hnur0o/nano_is_different_nano_is_digital_cash/fxfc4bm/', "I use both and I gotta say, Nano is a bit easier than Venmo. Mainly because Venmo's interface kind of sucks. If they fixed it, ease of use would be a tie. However Nano is feeless, so it will always win out.", 'hnur0o']]], ['u/ZestSri', 'Don’t just HODL, use them...', 32, '2020-07-09 04:35', 'https://www.reddit.com/r/Bitcoin/comments/hnv123/dont_just_hodl_use_them/', 'I really think, cryptocurrency enthusiasts should start transacting in cryptocurrencies, I know many are proud HODLers of cryptocurrencies, you are certainly contributing to the crypto ecosystem in some way, but unless you started making payments in cryptocurrencies its going to be in low light. Just ask a small shop owner “You accept payments in Bitcoin?” He/she will look into google for the first time and will know this going be the future. That’s going to create a big impact.', 'https://www.reddit.com/r/Bitcoin/comments/hnv123/dont_just_hodl_use_them/', 'hnv123', [['u/educateyourselfsilly', 16, '2020-07-09 05:21', 'https://www.reddit.com/r/Bitcoin/comments/hnv123/dont_just_hodl_use_them/fxdwsuu/', "storing value is using. the bitcoin network can't handle the kind of adoption you are implying.", 'hnv123']]], ['u/AutoModerator', '[Daily Discussion] Thursday, July 09, 2020', 37, '2020-07-09 06:04', 'https://www.reddit.com/r/BitcoinMarkets/comments/hnwc0y/daily_discussion_thursday_july_09_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/hnwc0y/daily_discussion_thursday_july_09_2020/', 'hnwc0y', [['u/happychillmoremusic', 11, '2020-07-09 06:27', 'https://www.reddit.com/r/BitcoinMarkets/comments/hnwc0y/daily_discussion_thursday_july_09_2020/fxe2sws/', 'This was a dumb comment', 'hnwc0y'], ['u/ILikeToSayHi', 12, '2020-07-09 08:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/hnwc0y/daily_discussion_thursday_july_09_2020/fxeddj5/', 'blows my mind people are attempting to short now of all times for a measly $200 short', 'hnwc0y'], ['u/Richyboy33', 31, '2020-07-09 08:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/hnwc0y/daily_discussion_thursday_july_09_2020/fxede4h/', "My first post in over a week, I was banned for 7 days for the highly inflammatory remark of calling someone 'a bore'. Considering the amount of shitposting spam going on this week by certain individuals who I don't think have been banned yet.. well. Classic\n\nAnyway moving forward.\n\nThe Situation then [https://www.tradingview.com/i/6FvYXXKj/](https://www.tradingview.com/i/6FvYXXKj/)\n\nThe Situation Now - [https://www.tradingview.com/i/CuU9gKuK/](https://www.tradingview.com/i/CuU9gKuK/)\n\n&amp;#x200B;\n\nAs you can see, we have now been rejected by the old rising wedge resistance line 6 times. No strength as of yet to break through it.\n\nSome positive however, we did not break down below the 9k region with any conviction and for now we have also avoided the 20/50EMA negative cross which in the past has caused some serious issues for Bitcoins price.\n\nWe are now back above the Daily 20 and 50EMA which are both positive, as long as they provide support of course should we come back down to them. The MACD has also crossed to the positive side as well.\n\n&amp;#x200B;\n\n\\- What do I want to see\n\nClose a 4hour candle above the ol... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9278.81, 9240.35, 9276.50, 9243.61, 9243.21, 9192.84, 9132.23, 9151.39, 9159.04, 9185.82
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:** ['TEL AVIV, ISRAEL / ACCESSWIRE / July 10, 2020 /FIRST BITCOIN CAPITAL CORP (OTC PINK:BITCF) ("the Company") a prolific generator of more than 100 unique cryptocurrencies and developer of blockchain-powered technologies announced today that it consummated the sale of a majority of its digital and crypto assets and related technologies to Bots, Inc.\nBOTS, Inc. (OTC:BTZI) (GERMAN EXCHANGE: M06.SG), is Puerto Rico based, emerging innovator of products, technologies, and services for the rapidly growing digitized robotics industry.\n"Today\'s announcement is part of an on-going effort of First Bitcoin\'s management to maximize shareholder value which has been driven by our commitment to continue to fulfill our investors\' expectations," said Simon Rubin, Chairman and Chief Executive Officer of First Bitcoin Capital Corp. "This major transaction aligns with BITCF\'s strategy to continue to grow our core businesses in an efficient manner."\nFirst Bitcoin and Bots, Inc. will now begin to enter into long-term service and project development agreements, providing reliable and cost-advantaged product development services for a wide variety projects. BTZI and BITCF\'s together have significant expertise and capabilities which will deliver operational efficiencies and opportunities for growth and profitability over time.\nFirst Bitcoin and Bots, Inc., are working closely to ensure a seamless transition. The Asset Purchase transaction was closed on May 14th2020 and included the following BITCF assets:\nMinority ownership in:\n- SinglePoint, Inc.,\n-Medical Cannabis Payment Solutions, Inc.,\n-Petroteq Energy, Inc.,\n-Digital Asset Monetary Network, Inc.,\n-Kronos Advanced Technologies, Inc.,\n- Tipestry, Inc.;\nSubsidiaries owned by First Bitcoin Capital Corp., including but not limited to:\nCoinQx Exchange Limited,\nFirst Bitcoin Capital LLC.,\nD\'BOT Technology Corp.;\nAlso included are Hundreds of domains previously owned by First Bitcoin Capital Corp.;\n$1,250,000 in face value Convertible Promissory Notes issued by Kronos Advanced Technologies to First Bitcoin Capital LLC.;\nUS Patent 9,135,781 B1 Bitcoin Kiosk/ATM Device and System Integrating Enrollment Protocol and Method of Using the Same;\nUS Patent Application 2018/0315072 A1: Method and System of Facilitating Management of Cryptocurrency Based Loyalty Points Associated With One or More of a Product and a Service;\nThe majority of the inventory of more than 100 digital cryptocurrencies previously owned by First Bitcoin Capital Corp.\nIn exchange for the acquisition of these assets, BOTS, Inc. issued 100,000,000 of its shares of common stock and 30,000,000 Series A Preferred stock to First Bitcoin Capital, with a pledge to issue an additional 60,000,000 shares of Series A Preferred upon reaching certain milestones.\nAll Series A Preferred shares are to be retained by First Bitcoin Capital Corp. The 100,000,000 million shares of common stock are to be distributed to the shareholders of First Bitcoin Capital, where each shareholder shall receive 1 share of BTZI common stock for every 4 shares of First Bitcoin Capital stock owned with any remaining shares to be retained by First Bitcoin Capital Corp. upon a record date being set by First Bitcoin Capital Corp.\nAs the largest shareholder of Bots Inc., First Bitcoin\'s management is expected to transition to Bots, Inc., in the immediate future.\nAbout BOTS, Inc.\nHeadquartered in San Juan, Puerto Rico, BOTS, Inc. - publicly traded on the OTC Markets under the symbol (BTZI) and on Börse Stuttgart under ticker (M06.SG) - is a diversified company developing and servicing blockchain solutions and robotics for its clientele. The Company is committed to drive the innovations needed to shape the future of digital robotic automation management through digital technology and decentralized blockchain solutions. Management is dedicated to the strong growth of Distributed Asset Technology and Robotic Process Automation (RPA).\nBots, Inc. has been featured in media nationwide, including CNBC, Bloomberg, TheStreet.com. For more information, visitwww.bots.bz\nVisit us on Facebook @https://www.facebook.com/Bots.Bz/\nFollow us on Twitter@Bots_bz\nAbout First Bitcoin Capital Corp\nFirst Bitcoin Capital Corp (BITCF) is the largest shareholder of Bots, Inc. as a result of exchanging the majority of its assets therefor, but began developing digital currencies, proprietary blockchain technologies, and the digital currency exchange -www.CoinQX.com(in Beta) in early 2014. We saw this step as a tremendous opportunity to create further shareholder value by leveraging management\'s experience in developing and managing complex blockchain technologies and in developing new types of digital assets. Being the first publicly-traded cryptocurrency and blockchain-centered company, we provide our shareholders with diversified exposure to digital cryptocurrencies and blockchain technologies.\nThe Company began developing its own blockchain and cryptocurrency called First Bitcoin (COIN:BIT) in 2016. Prior to transferring the majority of this asset to Bots, Inc., the Company updated the BIT wallet and added more functionality. Users are able to generate BIT through the processes of POW and POS mining. The First Bitcoin cryptocurrency has a current supply of 20,707,629,255 BIT. It is currently trading onLIVECOIN.netwith its explorer atwww.explorer.bitcf.net.\nhttps://coinmarketcap.com/currencies/first-bitcoin/\nContact us via:[email protected] visitwww.firstbitcoin.io\nfollow us on Twitter;@1stBitCapital\nfollow us on Linkedin:https://www.linkedin.com/company/first-bitcoin-capital-corp/\nfollow us on FaceBook:https://www.facebook.com/BITCF/\nForward-Looking Statements\nCertain statements contained in this press release may constitute "forward-looking statements." Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in company\'s filings. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company\'s views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company\'s views as of any date subsequent to the date of the press release. Such forward-looking statements are risks that are detailed in the Company\'s website and filings.\nSOURCE:First Bitcoin Capital Corp.\nView source version on accesswire.com:https://www.accesswire.com/597012/First-Bitcoin-Capital-Corp-Announces-Majority-Sale-of-Assets-To-Bots-Inc', 'TEL AVIV, ISRAEL / ACCESSWIRE / July 10, 2020 /FIRST BITCOIN CAPITAL CORP (OTC PINK:BITCF) ("the Company") a prolific generator of more than 100 unique cryptocurrencies and developer of blockchain-powered technologies announced today that it consummated the sale of a majority of its digital and crypto assets and related technologies to Bots, Inc.\nBOTS, Inc. (OTC:BTZI) (GERMAN EXCHANGE: M06.SG), is Puerto Rico based, emerging innovator of products, technologies, and services for the rapidly growing digitized robotics industry.\n"Today\'s announcement is part of an on-going effort of First Bitcoin\'s management to maximize shareholder value which has been driven by our commitment to continue to fulfill our investors\' expectations," said Simon Rubin, Chairman and Chief Executive Officer of First Bitcoin Capital Corp. "This major transaction aligns with BITCF\'s strategy to continue to grow our core businesses in an efficient manner."\nFirst Bitcoin and Bots, Inc. will now begin to enter into long-term service and project development agreements, providing reliable and cost-advantaged product development services for a wide variety projects. BTZI and BITCF\'s together have significant expertise and capabilities which will deliver operational efficiencies and opportunities for growth and profitability over time.\nFirst Bitcoin and Bots, Inc., are working closely to ensure a seamless transition. The Asset Purchase transaction was closed on May 14th2020 and included the following BITCF assets:\nMinority ownership in:\n- SinglePoint, Inc.,\n-Medical Cannabis Payment Solutions, Inc.,\n-Petroteq Energy, Inc.,\n-Digital Asset Monetary Network, Inc.,\n-Kronos Advanced Technologies, Inc.,\n- Tipestry, Inc.;\nSubsidiaries owned by First Bitcoin Capital Corp., including but not limited to:\nCoinQx Exchange Limited,\nFirst Bitcoin Capital LLC.,\nD\'BOT Technology Corp.;\nAlso included are Hundreds of domains previously owned by First Bitcoin Capital Corp.;\n$1,250,000 in face value Convertible Promissory Notes issued by Kronos Advanced Technologies to First Bitcoin Capital LLC.;\nUS Patent 9,135,781 B1 Bitcoin Kiosk/ATM Device and System Integrating Enrollment Protocol and Method of Using the Same;\nUS Patent Application 2018/0315072 A1: Method and System of Facilitating Management of Cryptocurrency Based Loyalty Points Associated With One or More of a Product and a Service;\nThe majority of the inventory of more than 100 digital cryptocurrencies previously owned by First Bitcoin Capital Corp.\nIn exchange for the acquisition of these assets, BOTS, Inc. issued 100,000,000 of its shares of common stock and 30,000,000 Series A Preferred stock to First Bitcoin Capital, with a pledge to issue an additional 60,00 **Last 60 Days of Bitcoin's Closing Prices:** [8601.80, 8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85, 9771.49, 9795.70, 9870.09, 9321.78, 9480.84, 9475.28, 9386.79, 9450.70, 9538.02, 9480.25, 9411.84, 9288.02, 9332.34, 9303.63, 9648.72, 9629.66, 9313.61, 9264.81, 9162.92, 9045.39, 9143.58, 9190.85, 9137.99, 9228.33, 9123.41, 9087.30, 9132.49, 9073.94, 9375.47, 9252.28, 9428.33, 9277.97] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-07-10 **Financial & Commodity Data:** - Gold Closing Price: $1798.20 - Crude Oil Closing Price: $40.55 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $173,989,209,312 - Hash Rate: 126326671.329112 - Transaction Count: 345996.0 - Unique Addresses: 681724.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.41 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoinbroke below $9,000 Thursday afternoon as the leading cryptocurrency has continued to trade in a tight range just above $9,000 for several weeks. • Bitcoin at $9,060 as of 20:00 UTC (4 p.m. ET), down 2% over 24 hours • BTC trading range (past 24 hours): $9,300 – $8,900 • Ether down 3% trading, at around $225 • Institutional investment continues despite sleepy market • Nearly all cryptocurrencies down over 24-hour period Despite the brief 3% afternoon drop, however, the cryptocurrency markets continue to stay eerily calm as volatility drops and traders continue to expect a big move. Bitcoin was changing hands at around $9,060 as of 20:00 UTC (4 p.m. ET). Ether, the second-largest cryptocurrency by market capitalization, dropped 3%, trading around $225 as of 20:00 UTC (4 p.m. ET), according to Coinbase. Related:Search for Yield Drives Ether’s Put-Call Ratio to One-Year High Bitcoin teased bearish traders Thursday with a 3% dip from $9,250 to $8,930 in afternoon hours. The move sparked a series of liquidations on BitMEX, spiking to $30 million after the afternoon price move, according to Skew. Liquidations had been fairly flat for several days on the largest bitcoin derivatives platform. Despite the afternoon drop, spot trading volumes were relatively stable relative to the preceding few days. Coinbase volume, for example, just barely edged out its Wednesday’s volume, reporting a total of $78 million traded. Despite the quiet price action, institutional investors continue to make moves in crypto markets. Norwegian crypto investment firm Arcane Crypto is planning to list on Nasdaq Nordic’s alternative stock exchange, CoinDeskreportedThursday. Arcane plans to issue 6.6 billion new shares – each at half a U.S. cent – to fund a $32 million take over by Swedish firm Vertical Ventures, which is facilitating the listing. • S&P 500 flat, gaining less than 0.2% • FTSE 100 up 1.3% • Nikkei 225 down less than 0.2% • Gold up 0.5% trading at $1,777 Related: As bitcoin dipped, some of the darlings of the equities markets continued to soar. Tesla made a new all-time high for the second consecutive day Thursday, climbing to $1,228 in early trading hours. The technology stock opened 5% higher than its Wednesday close as its bullish momentum continues with ferocity. Zoom also made a new all-time high, trading at just below $264 during afternoon hours. See also:DeFi Insurer Nexus Mutual Maxed Out by Yield-Farming Boom Social media stocks weren’t quite as lucky, dipping a bit on Thursday. Twitter dropped more than 1% Thursday. Facebook dropped 2.2%. Cryptocurrencies in general were almost all in the red Thursday, according toMessari. The only digital asset categorized as a currency with a positive 24-hour return, according to its methodology, was monero (XMR) up 2.5%. In commodities, gold gained 0.5% on the day after recovering from 1% drop during afternoon trading hours. Crude oil gained more than 2%. • Market Wrap: Bitcoin Briefly Breaks Below $9K, but Markets Remain Comatose • Market Wrap: Bitcoin Briefly Breaks Below $9K, but Markets Remain Comatose... - 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.
9240.35, 9276.50, 9243.61, 9243.21, 9192.84, 9132.23, 9151.39, 9159.04, 9185.82, 9164.23
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Bitcoin, BTC to USD, rose by 0.60% on Friday. Following a 2.32% slide on Thursday, Bitcoin ended the day at $9,304.6.\nIt was a bearish start to the day for Bitcoin. Bitcoin fell to an early morning intraday low $9,133.1 before finding support.\nFinding support at the first major support level at $9,132.03, Bitcoin rallied to a late intraday high $9,324.6.\nIn spite of the late recovery, Bitcoin fell well short of the first major resistance level at $9,407.73.\nThe late recovery, however, saw Bitcoin wrap up the day in positive territory.\nThe near-term bullish trend remained intact in spite of the early July pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.\nAcross the rest of the majors, it was a mixed day on Friday.\nBinance Coin (+2.73%), Bitcoin Cash ABC (+1.00%), Monero’s XMR (+0.25%), and Tezos (+0.34%) bucked the trend on the day.\nIt was a bearish day for the rest of the majors.\nCardano’s ADA led the way down, with a loss of 4.63%.\nBitcoin Cash SV (-2.00%), XRP (-1.69%) Stellar’s Lumen (-0.99%), and Tron’s TRX (-2.02%) also struggled.\nEOS (-0.72%), Ethereum (-0.33%), and Litecoin (-0.02%) saw relatively modest losses on the day.\nIn the current week, the crypto total market cap rose from a Monday low $254.55bn to a Wednesday high $274.58bn. At the time of writing, the total market cap stood at $267.03bn.\nBitcoin’s dominance fell from a Monday high 65.58% to a Thursday low 63.55%. At the time of writing, Bitcoin’s dominance stood at 64.05%.\nAt the time of writing, Bitcoin was down by 0.06% to $9,299.0. A mixed start to the day saw Bitcoin rise to an early morning high $9,311.8 before falling to a low $9,294.0.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day.\nBitcoin Cash SV (-0.19%), Ethereum (-0.02%), and Litecoin (-0.02%) joined Bitcoin in the red.\nIt was a bullish start for the rest of the majors, with Stellar’s Lumen up by 3.53% to lead the way.\nBitcoin would need to avoid a fall through the $9,254 pivot level to support a run at the first major resistance level at $9,375.6.\nSupport from the broader market would be needed, however, for Bitcoin to break out from Friday’s high $9,324.6.\nBarring an extended crypto rally, the first major resistance level would likely cap any upside.\nIn the event of a crypto breakout, Bitcoin should break out from the second major resistance level at $9,445.6 before any pullback.\nFailure to avoid a fall through the $9,254 pivot level would bring the first major support level at $9,183.6 into play.\nBarring another extended crypto sell-off, however, Bitcoin should avoid sub-$9,000 levels. The second major resistance level at $9,062.6 should limit any downside.\nThisarticlewas originally posted on FX Empire\n• USD/CAD Daily Forecast – Oil Price Rebound Supports Canadian Dollar\n• Crude Oil Weekly Price Forecast – Crude Oil Markets Stabilize\n• Gold Weekly Price Forecast – Gold Markets Finally Pierced Major Level\n• The Weekly Wrap – Economic Data and COVID-19 Continued to Girate the Markets\n• E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Blue Chips Jump on Bank Stocks Surge\n• Natural Gas Weekly Price Forecast – Natural Gas Markets Rally Again', 'Bitcoin, BTC to USD, rose by 0.60% on Friday. Following a 2.32% slide on Thursday, Bitcoin ended the day at $9,304.6. It was a bearish start to the day for Bitcoin. Bitcoin fell to an early morning intraday low $9,133.1 before finding support. Finding support at the first major support level at $9,132.03, Bitcoin rallied to a late intraday high $9,324.6. In spite of the late recovery, Bitcoin fell well short of the first major resistance level at $9,407.73. The late recovery, however, saw Bitcoin wrap up the day in positive territory. The near-term bullish trend remained intact in spite of the early July pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Friday. Binance Coin (+2.73%), Bitcoin Cash ABC (+1.00%), Monero’s XMR (+0.25%), and Tezos (+0.34%) bucked the trend on the day. It was a bearish day for the rest of the majors. Cardano’s ADA led the way down, with a loss of 4.63%. Bitcoin Cash SV (-2.00%), XRP (-1.69%) Stellar’s Lumen (-0.99%), and Tron’s TRX (-2.02%) also struggled. EOS (-0.72%), Ethereum (-0.33%), and Litecoin (-0.02%) saw relatively modest losses on the day. In the current week, the crypto total market cap rose from a Monday low $254.55bn to a Wednesday high $274.58bn. At the time of writing, the total market cap stood at $267.03bn. Bitcoin’s dominance fell from a Monday high 65.58% to a Thursday low 63.55%. At the time of writing, Bitcoin’s dominance stood at 64.05%. This Morning At the time of writing, Bitcoin was down by 0.06% to $9,299.0. A mixed start to the day saw Bitcoin rise to an early morning high $9,311.8 before falling to a low $9,294.0. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. Bitcoin Cash SV (-0.19%), Ethereum (-0.02%), and Litecoin (-0.02%) joined Bitcoin in the red. Story continues It was a bullish start for the rest of the majors, with Stellar’s Lumen up by 3.53% to lead the way. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the $9,254 pivot level to support a run at the first major resistance level at $9,375.6. Support from the broader market would be needed, however, for Bitcoin to break out from Friday’s high $9,324.6. Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of a crypto breakout, Bitcoin should break out from the second major resistance level at $9,445.6 before any pullback. Failure to avoid a fall through the $9,254 pivot level would bring the first major support level at $9,183.6 into play. Barring another extended crypto sell-off, however, Bitcoin should avoid sub-$9,000 levels. The second major resistance level at $9,062.6 should limit any downside. This article was originally posted on FX Empire More From FXEMPIRE: USD/CAD Daily Forecast – Oil Price Rebound Supports Canadian Dollar Crude Oil Weekly Price Forecast – Crude Oil Markets Stabilize Gold Weekly Price Forecast – Gold Markets Finally Pierced Major Level The Weekly Wrap – Economic Data and COVID-19 Continued to Girate the Markets E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Blue Chips Jump on Bank Stocks Surge Natural Gas Weekly Price Forecast – Natural Gas Markets Rally Again', 'Bitcoin gold’s developer team announced Friday night that it foiled a 51 percent attack that it had known was coming for over a week.\n• Bitcoin gold alerted exchanges and mining pools of the attack on July 2, and posted a notice to the community on July 10 noting that it was time for “everyone else to upgrade their nodes.”\n• The team only revealed the attempted network takeover to the public after the unknown attacker, which had been mining blocks since July 1, released 1300 blocks late Friday night.\n• Developers had circulated an update that featured a checkpoint at block 640650 on July 2. That checkpoint prevented the attacker’s chain from taking over the honest chain, they said Friday.\n• “The majority of honest pool hashpower continues to mine on the honest chain,” website maintainer CryptoDJ saidin the post.\n• According to the cryptocurrency’sofficial website, there are only 108 bitcoin gold nodes which are in the world. Nearly 30% of them are in Germany. Bitcoin Gold communications director Edward Iskra told CoinDesk that these only represent immediately responsive nodes, and not ones that don’t allow incoming connections.\n• The price seems to have been unaffected by the attempted attack, trading between $9 and $10 since Tuesday, according to Bitfinex\nUPDATE (July 11, 2020, 04:23 UTC):This article has been updated with additional information.\n• Attempted 51% Attack on Bitcoin Gold Was Thwarted, Developers Say\n• Attempted 51% Attack on Bitcoin Gold Was Thwarted, Developers Say\n• Attempted 51% Attack on Bitcoin Gold Was Thwarted, Developers Say\n• Attempted 51% Attack on Bitcoin Gold Was Thwarted, Developers Say', 'Bitcoin gold’s developer team announced Friday night that it foiled a 51 percent attack that it had known was coming for over a week.\n• Bitcoin gold alerted exchanges and mining pools of the attack on July 2, and posted a notice to the community on July 10 noting that it was time for “everyone else to upgrade their nodes.”\n• The team only revealed the attempted network takeover to the public after the unknown attacker, which had been mining blocks since July 1, released 1300 blocks late Friday night.\n• Developers had circulated an update that featured a checkpoint at block 640650 on July 2. That checkpoint prevented the attacker’s chain from taking over the honest chain, they said Friday.\n• “The majority of honest pool hashpower continues to mine on the honest chain,” website maintainer CryptoDJ saidin the post.\n• According to the cryptocurrency’sofficial website, there are only 108 bitcoin gold nodes which are in the world. Nearly 30% of them are in Germany. Bitcoin Gold communications director Edward Iskra told CoinDesk that these only represent immediately responsive nodes, and not ones that don’t allow incoming connections.\n• The price seems to have been unaffected by the attempted attack, trading between $9 and $10 since Tuesday, according to Bitfinex\nUPDATE (July 11, 2020, 04:23 UTC):This article has been updated with additional information.\n• Attempted 51% Attack on Bitcoin Gold Was Thwarted, Developers Say\n• Attempted 51% Attack on Bitcoin Gold Was Thwarted, Developers Say\n• Attempted 51% Attack on Bitcoin Gold Was Thwarted, Developers Say\n• Attempted 51% Attack on Bi **Last 60 Days of Bitcoin's Closing Prices:** [8804.48, 9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85, 9771.49, 9795.70, 9870.09, 9321.78, 9480.84, 9475.28, 9386.79, 9450.70, 9538.02, 9480.25, 9411.84, 9288.02, 9332.34, 9303.63, 9648.72, 9629.66, 9313.61, 9264.81, 9162.92, 9045.39, 9143.58, 9190.85, 9137.99, 9228.33, 9123.41, 9087.30, 9132.49, 9073.94, 9375.47, 9252.28, 9428.33, 9277.97, 9278.81] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-07-11 **Financial & Commodity Data:** - Gold Closing Price: $1798.20 - Crude Oil Closing Price: $40.55 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $171,108,170,497 - Hash Rate: 122403482.778518 - Transaction Count: 306771.0 - Unique Addresses: 601249.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.44 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: The Taiwanese startupBitmark, which participated in a government-sponsored hackathon inMay, was unable to promote its blockchain solution due to Apple’spandemic moderation policy. “We were trying to essentially build a weather forecast but for public health,” said Bitmark CEO Sean Moss-Pultz. “It allowed people to volunteer their symptoms and what they are trying to do to get better, and connect that to public data from public health offices.” Precisely because the World Health OrganizationexcludesTaiwan, the small Asian nation has developed a unique set ofsoftware toolsfor combatting COVID-19. However, the Apple store only lists health apps published by government entities or nonprofits. This means the small nation’s startup community has limited access to mobile device users. (Apple did not respond to requests for comment by press time.) Related:Why Bitcoin Bulls Are Betting on Explosive Growth in India According to a report by the analytics and accelerator company AppWorks, there are now roughly 112 blockchain startups in Taiwan, including the supply chain management startup BSOS, which received an investment from Taiwan’s National Development Fund earlier this year. Read more:Austrian Government Funds Development of Blockchain-Based COVID-19 App “What are the next growth opportunities for blockchain? Everyone has different interpretations and expectations,” the AppWorksreportsaid. “However, currently, conversations are mostly centered around the pandemic, with criticisms mainly targeted at the limitations and failures of centralization.” Moss-Pultz said his firm experienced those limitations first-hand. The mainstream app stores would only accept the resulting app, called Autonomy, if the Taiwanese government itself released the mobile app. Related:Swiss Government Makes Moves to Encourage Crypto Businesses “People all around the world are getting their apps blocked,” Moss-Pultz said. “We spent most of June trying to figure out what type of strategy we could have. … Most likely we’re just going to [release Autonomy] as a web thing.” Apple and Googleare hardly the only tech giantsdefining the publicpandemic narratives. Amazon, for example, forced bitcoin advocateKnut Svanholmto remove a brief mention of the coronavirus from his self-published book in order to distribute it through Kindle in April. As the Svanholm incident illustrated, moderating health tools during a pandemic without resulting in blunt-force censorship is a difficult task to automate. Colin Steil, co-founder of the Taiwanese blockchain startup Cartesi, said tech companies “always have to proceed with caution” to avoid their software being “used to cause unrest or disrupt in political issues.” Internet giants can be accused of censorship regardless of whether they moderate content. Companies likeFacebookandTwitterare both heavily criticized for rampantmisinformationcampaigns on their platforms, although they tookradically differentapproaches to moderation. (Facebook has since recanted and said it willchange its policies, due to public pressure.) Critics seem to consider the opposite of censorship to be, not digital anarchy, but consistently high-quality moderation. Read more:Social Media Bans ‘Highlight the Profound Censorship on Web 2.0’ Steil said that, compared to stringent but relatively healthy Taiwan, American leaders were “stalled for many reasons” in reacting to the pandemic and “reliant on tech companies” to offer solutions. “Taiwan took the pandemic very seriously due to its prior experience with viruses, and reacted in a method that used whatever tools and tech they had available,” Steil said, highlighting the contrast in public policies. Blockchain Commons founder Christopher Allen, whocollaboratedwith Bitmark at the May hackathon and is an advocate fordecentralized identity tech, said “good actors” at Silicon Valley’s tech giants are often “stymied” by company objectives. So far, American tech companies dominate public services, sometimes even running servers for government agencies, he said, in ways other private companies cannot compete with. “Their strategies have been to vertically integrate and limit other people,” Allen said of companies like Google, Facebook and Apple. “I don’t think their intent is malicious in any fashion, but the nature of keeping competition out has a potential harm.” • How Apple’s COVID Policy Limited a Public Health App in Taiwan • How Apple’s COVID Policy Limited a Public Health App in Taiwan... - 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.
9276.50, 9243.61, 9243.21, 9192.84, 9132.23, 9151.39, 9159.04, 9185.82, 9164.23, 9374.89
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, BTC to USD, fell by 0.63% on Saturday. Reversing a 0.60% gain from Friday, Bitcoin ended the day at $9,246.3. It was a bearish start to the day for Bitcoin. Bitcoin fell from an early morning intraday high $9,311.8 to a late morning intraday low $9,200.1 before finding support. Steering clear of the first major support level at $9,193.6, Bitcoin moved back to a late high $9,263.0 before easing back. The near-term bullish trend remained intact in spite of the early July pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Saturday. Cardano’s ADA (+5.67%), Tezos (+5.61%), and Tron’s TRX (+5.11%) led the way. Binance Coin (+1.85%), Litecoin (+0.92%) Monero’s XMR (+2.10%), Ripple’s XRP (+0.86%), and Stellar’s Lumen (+1.27%) also found support. It was a bearish day for the rest of the majors, however. Ethereum led the way down, with a loss of 0.87%. Bitcoin Cash ABC (-0.48%), Bitcoin Cash SV (-0.21%), and EOS (-0.10%) saw relatively modest losses on the day. In the current week, the crypto total market cap rose from a Monday low $254.55bn to a Wednesday high $274.58bn. At the time of writing, the total market cap stood at $267.71bn. Bitcoin’s dominance fell from a Monday high 65.58% to a Thursday low 63.55%. At the time of writing, Bitcoin’s dominance stood at 63.79%. This Morning At the time of writing, Bitcoin was up by 0.44% to $9,287.2. A bullish start to the day saw Bitcoin rise from an early morning low $9,244.3 to a high $9,299.7. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. At the time of writing, Cardano’s ADA was down by 0.36% to buck the trend early on. It was a bullish start for the rest of the majors, with Bitcoin Cash SV up by 3.27% to lead the way. Story continues For the Bitcoin Day Ahead Bitcoin would need to avoid a fall back through the $9,253 pivot to support a run at the first major resistance level at $9,305.37. Support from the broader market would be needed, however, for Bitcoin to break back through to $9,300 levels. Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of a crypto breakout, Bitcoin should break through the second major resistance level at $9,364.43 before any pullback. Failure to avoid a fall back through the $9,253 pivot level would bring the first major support level at $9,193.67 into play. Barring an extended crypto sell-off, however, Bitcoin should avoid sub-$9,100 levels. The second major resistance level at $9,141.03 should limit any downside. This article was originally posted on FX Empire More From FXEMPIRE: E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Blue Chips Jump on Bank Stocks Surge European Equities: A Week in Review – 11/07/20 The Crypto Daily – Movers and Shakers – July 11th, 2020 AUD/USD Forex Technical Analysis – Strengthens Over .6921, Weakens Under .6889 EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – July 11th, 2020 US Stock Market Overview – Stocks Rise Led by Financials; the Nasdaq Hits a Fresh All-time High', 'Bitcoin, BTC to USD, fell by 0.63% on Saturday. Reversing a 0.60% gain from Friday, Bitcoin ended the day at $9,246.3. It was a bearish start to the day for Bitcoin. Bitcoin fell from an early morning intraday high $9,311.8 to a late morning intraday low $9,200.1 before finding support. Steering clear of the first major support level at $9,193.6, Bitcoin moved back to a late high $9,263.0 before easing back. The near-term bullish trend remained intact in spite of the early July pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was a mixed day on Saturday. Cardano’s ADA (+5.67%), Tezos (+5.61%), and Tron’s TRX (+5.11%) led the way. Binance Coin (+1.85%), Litecoin (+0.92%) Monero’s XMR (+2.10%), Ripple’s XRP (+0.86%), and Stellar’s Lumen (+1.27%) also found support. It was a bearish day for the rest of the majors, however. Ethereum led the way down, with a loss of 0.87%. Bitcoin Cash ABC (-0.48%), Bitcoin Cash SV (-0.21%), and EOS (-0.10%) saw relatively modest losses on the day. In the current week, the crypto total market cap rose from a Monday low $254.55bn to a Wednesday high $274.58bn. At the time of writing, the total market cap stood at $267.71bn. Bitcoin’s dominance fell from a Monday high 65.58% to a Thursday low 63.55%. At the time of writing, Bitcoin’s dominance stood at 63.79%. This Morning At the time of writing, Bitcoin was up by 0.44% to $9,287.2. A bullish start to the day saw Bitcoin rise from an early morning low $9,244.3 to a high $9,299.7. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. At the time of writing, Cardano’s ADA was down by 0.36% to buck the trend early on. It was a bullish start for the rest of the majors, with Bitcoin Cash SV up by 3.27% to lead the way. Story continues For the Bitcoin Day Ahead Bitcoin would need to avoid a fall back through the $9,253 pivot to support a run at the first major resistance level at $9,305.37. Support from the broader market would be needed, however, for Bitcoin to break back through to $9,300 levels. Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of a crypto breakout, Bitcoin should break through the second major resistance level at $9,364.43 before any pullback. Failure to avoid a fall back through the $9,253 pivot level would bring the first major support level at $9,193.67 into play. Barring an extended crypto sell-off, however, Bitcoin should avoid sub-$9,100 levels. The second major resistance level at $9,141.03 should limit any downside. This article was originally posted on FX Empire More From FXEMPIRE: E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Blue Chips Jump on Bank Stocks Surge European Equities: A Week in Review – 11/07/20 The Crypto Daily – Movers and Shakers – July 11th, 2020 AUD/USD Forex Technical Analysis – Strengthens Over .6921, Weakens Under .6889 EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – July 11th, 2020 US Stock Market Overview – Stocks Rise Led by Financials; the Nasdaq Hits a Fresh All-time High', "Pascal Hügli is the Chief Research Officer at Schlossberg&Co , in Switzerland, and author of the book “ Ignore at Your Own Risk: The New Decentralized World of Bitcoin and Blockchain .” Tribal fighting between Bitcoiners and Ethereans is unabated. Bitcoin is understood as “money crypto,” while Ethereum is labeled “tech crypto.” Bitcoin is sound money that will make all other monies obsolete . Ethereum, on the other hand, is seen as better tech that will update Wall Street’s settlement layer . The conflict is incomprehensible to outsiders, and each community\xa0says the other has not understood the crypto world’s actual goal and ethos. You could imagine this conflict going on for years, a sort of “Game of Thrones” for blockchain. But there’s another, more hopeful, way of imagining the future. Conceivably, the future will be one where Bitcoin and Ethereum gain greater relevance alongside each other (as Michael Casey argued in his recent column ). Both “money crypto” and “tech crypto” will play their roles. It might just not be in the pure sense envisioned by either of the two maximalist groups. Dollar shackles Related: Version Control Can Help the Media Win Back Reader Trust We are currently under a crushing dollar yoke. Back in the 19th century, many parts of the world had free banking . Banks were granted unrestricted competitive issuance of currency and deposit money on a convertible basis. But gradually the paradigm of free banking faded away and state-orchestrated fiat currency took hold. See also: In Race for 2030 Currency Supremacy, the Dollar Is Its Own Worst Enemy After World War II, much of the world started trading in dollars, making it into a reserve currency . To this day, U.S. Treasurys provide a safe haven in times of financial turmoil, tightening the dollar’s grip on global finance . Greater dependence on the dollar means greater dependence on the Federal Reserve. As a national bank, the Fed puts national interests first. These oftentimes contradict with other countries’ concerns, leaving them in a tight spot. Story continues Related: Money Reimagined: COVID-19's Crash Course in Exponential Math As the world has been dollarizing, a paradox has emerged: Although the U.S. central bank is often criticized for inflating its currency, global markets deem the available amount of dollar liquidity to be insufficient. This lack of liquidity has caused financial actors all around the world to start helping themselves. Eurodollars needed The world, especially emerging market economies, really needs dollars. The emergence of the eurodollar system in the 1960s was a direct consequence of the Fed not being able to supply the world’s relentless need for extra dollars. Eurodollars are U.S. dollar accounting entries that are used to settle cash flows between numerous players outside the banking system supervised by the Fed. As such, eurodollars are not subject to U.S. banking regulations. As the economist Milton Friedman pointed out in 1969, eurodollars are created by the bookkeeper’s pen. Corporations, banks and other international actors are dependent on dealer markets providing enough eurodollar funding to uphold market liquidity and service debt. These private dealers are acting primarily through the shadow banking system. Because the dollar has ascended to become the world’s number one currency with the deepest and most liquid capital market, people all around the globe have been going into dollar debt. There is nearly $60 trill **Last 60 Days of Bitcoin's Closing Prices:** [9269.99, 9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85, 9771.49, 9795.70, 9870.09, 9321.78, 9480.84, 9475.28, 9386.79, 9450.70, 9538.02, 9480.25, 9411.84, 9288.02, 9332.34, 9303.63, 9648.72, 9629.66, 9313.61, 9264.81, 9162.92, 9045.39, 9143.58, 9190.85, 9137.99, 9228.33, 9123.41, 9087.30, 9132.49, 9073.94, 9375.47, 9252.28, 9428.33, 9277.97, 9278.81, 9240.35] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-07-12 **Financial & Commodity Data:** - Gold Closing Price: $1798.20 - Crude Oil Closing Price: $40.55 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $171,108,170,497 - Hash Rate: 119264931.938044 - Transaction Count: 282364.0 - Unique Addresses: 525851.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.41 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: In 2020, the world has embraced uncertainty as the new norm. Market volatility has reached record levels, leading to a surge in trading volume and opportunities for value investors. Industries such as airlines, cruise lines, and rental cars have taken a massive hit as air travel remains down 90% and lockdown orders prevent travel. Stocks such as Norweigan Cruise Lines (NYSE: NCLH ), Spirit Airlines (NYSE: SAVE ), and Carnival Corporation (NYSE: CCL ) have all experienced recent upward swings as coronavirus concerns are easing as more companies, such as Moderna, Inc. ( NASDAQ: MRNA ), come closer to developing a vaccine. For the cryptocurrency industry, these events have supported the old theory that cryptocurrencies will become the de-facto currency as the dollar decouples, inflation increases, and people become more concerned with financial privacy. In recent months, the cryptocurrency industry has seen positive developments with higher retail trading activity and institutional interest increasing. For example, Grayscale Investments has been very aggressive in accumulating Bitcoin, at the rate of 150% of all new Bitcoin mined since May 11. Ironic, given the fact that Goldman Sachs (NYSE: GS) announced on a recent investor call that cryptocurrencies are not an asset class. What is clear is that some institutional investors are more optimistic about the role of cryptocurrencies in the global economy. For the cryptocurrency executives working tirelessly to educate investors and the public about the benefits of crypto, criticism is something that they have become accustomed to. As with any emerging technology, “new” can often be scary and intimidating until more solid foundations are set. To learn more about where the economy is headed, we reached out to a handful of cryptocurrency executives that have recently been in the news. Crypto Executive Predictions are Vastly Optimistic 1. J.D. Salbego, the CEO of Singapore-based exchange BitTok, has experienced the ups and downs of the crypto industry since 2017. In the midst of mass economic and socio-economic turmoil, he sees this as an opportunity for crypto to shine: Story continues “What is interesting and what we might see is with Beijing taking over Hong Kong, there could be an increase in Bitcoin’s price and usage. We've seen in the past when there is political turmoil and instability in a country’s economic future, like with Venezuela, the public has had increased Bitcoin and crypto usage because of the lack of faith in their own central banks and national currency. What we are seeing again is a completely broken banking and financial system globally. With blockchain and crypto, we will hopefully see a higher rate of usage and adoption within banking, forcing centralized institutions to become more transparent.” 2. Patrick Collet, Founder and CEO of MOOVIN, a blockchain protocol that democratizes and tokenizes successfully access to data, is optimistic that the US and global economy will not see a recession based on current signs: The present economy is facing uncertainty as confidence towards the Federal Reserve is getting thinner. I don’t believe we will see a crash per say because signs aren’t pointing at a recession just yet. Even though the US annual GDP is looking to come 40% short, there is a strong boom in the technology and e-commerce platform sector. I believe we will see a lot of market volatility in the coming months and even though DEFI and Fintech are becoming more commonplace, adoption for blockchain tech is clearly not a conquered territory. However, these sectors will eventually be mainstream. 3. For Quincy Dagelet, CEO of Boostchain, a company that is disrupting advertising with blockchain technology, mainstream adoption could be closer than we expect: “The world we are living in with COVID-19 is really unfortunate but it opened people’s eyes and led to more digitalization. Also, people tend to have less faith in banks, the monetary system and politics. This creates the perfect gateway towards more crypto adoption.” 4. Stefan Hostettler, Co-founder and CEO of Tycoon69 International, a blockchain firm based in the UAE, agrees that we should see massive disruption in the near future: “Economically, I believe that we will see stagnant and outdated industries experience a massive wave of innovation and disruption over the next few years. This happened during the last crisis and was the leading factor that drove Satoshi Nakamoto to create Bitcoin following the 2007 crash. We are dedicating our time to building out an ecosystem to modernize billion-dollar industries, such as the gift card industry.” 5. Gabriella Davis, CEO of Centric, the world's first dual-cryptocurrency payment network, agrees with the legacy cryptocurrency community that sees these events as a perfect storm that will propel cryptocurrencies: “More than ever in modern economic history we are witnessing the end of an era. Fiat currency and central banking methodology are not capable of managing highly complex marketplaces. It is time to usher in new economic and monetary innovation, the launch of Bitcoin in the wake of 2009 was the start of a wave of innovation. Moving forward, in order to drive full global adoption a vision of currencies utilizing trust-less, censorship resistant ecosystems, that help offer a reliable store of value and an incentive to join the network while simultaneously limiting industry volatility will look to be implemented.” Conclusion One thing is certain, the world will be watching as the rest of 2020 plays out and increasingly more curious to learn more about emerging technology that can help them better control risk and their finances. When it comes to transparency, security, and access, blockchain technology provides benefits never before seen. Disclaimer: the writer of this article is an advisor to Moovin Protocol and Boostchain, both of which have provided commentary on this article. The writer does not hold any stock in the equities mentioned. Photo by AbsolutVision on Unsplash See more from Benzinga 10 Real Estate Stocks Moving In Monday's Pre-Market Session 8 Consumer Defensive Stocks Moving In Monday's Pre-Market Session 17 Technology Stocks Moving In Monday's Pre-Market Session © 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.... - Reddit Posts (Sample): [['u/LucianoLukin', 'ISPOOFER MULTI-ACCOUNT CUSTOM ICONS DOWLOAD - UPDATED TO 0.181.0', 59, '2020-07-12 00:32', 'https://www.reddit.com/r/PokemonGoSpoofing/comments/hpj7tj/ispoofer_multiaccount_custom_icons_dowload/', "NEW UPDATE TO 0.183.0f AVAILABLE HERE: https://www.reddit.com/r/PokemonGoSpoofing/comments/i7g94w/comment/g1mp5e2?context=3\n\n\n\nHi, I updated my Custom icons for iSpoofer. They are updated to version 0.181.0\n\nIf my custom icons help you, don't forget to upvote this post, so more people can see it.\n\nIf you have some problem write me message, I will be happy to help you :)\n\nI wish you a lot of shinies and have fun!\n\n**RED ---** [DOWNLOAD](http://www.mediafire.com/file/8ovgwkl550ib49p/isp-red-0.181.0a.ipa/file)\n\n**GREEN ---** [DOWNLOAD](http://www.mediafire.com/file/6zhgtfhm2sx35bf/isp-green-0.181.0a.ipa/file)\n\n**YELLOW ---** [DOWNLOAD](http://www.mediafire.com/file/xug0uflv4c83c6c/isp-yellow-0.181.0a.ipa/file)\n\n**MAGENTA ---** [DOWNLOAD](http://www.mediafire.com/file/hlbzkomrw9ktuoz/isp-magenta-0.181.0a.ipa/file)\n\n**TEAM INSTINCT ---** [DOWNLOAD](http://www.mediafire.com/file/sbtc14rwiuk0quk/isp-instinct-0.181.0a.ipa/file)\n\n**TEAM MYSTIC ---** [DOWNLOAD](http://www.mediafire.com/file/bs0k6vjl2h7su8m/isp-mystic-0.181.0a.ipa/file)\n\n**TEAM VALOR ---** [DOWNLOAD](http://www.mediafire.com/file/vb97t8pe50empx4/isp-valor-0.181.0a.ipa/file)", 'https://www.reddit.com/r/PokemonGoSpoofing/comments/hpj7tj/ispoofer_multiaccount_custom_icons_dowload/', 'hpj7tj', [['u/xcom2k', 16, '2020-07-12 07:58', 'https://www.reddit.com/r/PokemonGoSpoofing/comments/hpj7tj/ispoofer_multiaccount_custom_icons_dowload/fxsz7m6/', 'Download, install, wait for red warning.', 'hpj7tj']]], ['u/w_ayne_', 'How has the new found wealth changed you', 11, '2020-07-12 01:53', 'https://www.reddit.com/r/Bitcoin/comments/hpkji3/how_has_the_new_found_wealth_changed_you/', 'This is more to those got well off coz of BTC, who invested way back, and they themselves were not rich then. And suddenly hit gold in the past 3 years. Or you could know someone who did 🤭 \n\nHas your life changed? Are you worried about security or you being a target? Do your friends and family know about your wealth? Do your friends still see you the same or they are out to cash on you? \n\nWhat advice would you give. \n\nThese are some of the things I worry about if I may become too rich.', 'https://www.reddit.com/r/Bitcoin/comments/hpkji3/how_has_the_new_found_wealth_changed_you/', 'hpkji3', [['u/xof711', 31, '2020-07-12 02:16', 'https://www.reddit.com/r/Bitcoin/comments/hpkji3/how_has_the_new_found_wealth_changed_you/fxrxpti/', "First rule of Bitcoin, you don't talk about how much bitcoin you own.", 'hpkji3'], ['u/ElephantGlue', 23, '2020-07-12 03:01', 'https://www.reddit.com/r/Bitcoin/comments/hpkji3/how_has_the_new_found_wealth_changed_you/fxs2tpn/', 'Sorry to break it to you, but no one lurking Reddit has millions of dollars in bitcoin.\n\nThey’re too busy doing coke off half naked supermodels on their yachts.', 'hpkji3'], ['u/ponchovilla71', 11, '2020-07-12 03:23', 'https://www.reddit.com/r/Bitcoin/comments/hpkji3/how_has_the_new_found_wealth_changed_you/fxs5a27/', 'Someone on this thread is kicking their feet back laughing rn, knowing that they are who we speak of.', 'hpkji3']]], ['u/WaffleRoflGuy', "YSK if you ever get random email from someone saying they have footage of you looking at adult websites as well as recordings from your webcam and if you don't pay them money (usually Bitcoin), they will send this footage to friends, family and coworkers. Don't panic. This is fake and a scam.", 23330, '2020-07-12 05:46', 'https://www.reddit.com/r/YouShouldKnow/comments/hpnv9v/ysk_if_you_ever_get_random_email_from_someone/', "I've had this happen to me just today. The email usually has a subject line of one of your old passwords you used. They say that they have installed malware onto your device and that has got them access to your display and your camera. They also say that the malware has obtained every one of your contacts on social media as well as your email address details. But don't worry, this is all an elaborate scam just to scare you so you send them.money. No one has access to anything other than the password that was used in the subject line, to which is where you should double check if you have used this password on any other websites and immediately change it.", 'https://www.reddit.com/r/YouShouldKnow/comments/hpnv9v/ysk_if_you_ever_get_random_email_from_someone/', 'hpnv9v', [['u/0_percent_wrong', 56, '2020-07-12 05:48', 'https://www.reddit.com/r/YouShouldKnow/comments/hpnv9v/ysk_if_you_ever_get_random_email_from_someone/fxsnm0i/', 'LIAR!!!! Now my poor grandmother refuses to talk to me.', 'hpnv9v'], ['u/YoYouKai', 3756, '2020-07-12 06:22', 'https://www.reddit.com/r/YouShouldKnow/comments/hpnv9v/ysk_if_you_ever_get_random_email_from_someone/fxsqsv4/', 'Lmao, the footage would just be me staring blankly into the screen as I go through the 30th page on pornhub', 'hpnv9v'], ['u/EdgeIsGucc1', 358, '2020-07-12 06:23', 'https://www.reddit.com/r/YouShouldKnow/comments/hpnv9v/ysk_if_you_ever_get_random_email_from_someone/fxsqv81/', 'Fuckin show em, everyone fucking does it “Ooh look Margaret I got a video of Sam fuckin jerkin off” Bloody hell its not like more people have seen my Dick than I care to admit', 'hpnv9v'], ['u/ReZpawner', 10, '2020-07-12 06:30', 'https://www.reddit.com/r/YouShouldKnow/comments/hpnv9v/ysk_if_you_ever_get_random_email_from_someone/fxsri1c/', "I don't believe you! Just because I don't have a webcam on my computer, doesn't mean that they don't have the footage. I mean, they said I was masturbating to some sick shit, and I can't argue that. Also, they knew a password I haven't used for 10 years, so I know when the game is up.", 'hpnv9v'], ['u/UmDoWhatNow', 52, '2020-07-12 06:31', 'https://www.reddit.com/r/YouShouldKnow/comments/hpnv9v/ysk_if_you_ever_get_random_email_from_someone/fxsrp6g/', 'Do you know how they would have gotten the password?', 'hpnv9v'], ['u/ReZpawner', 389, '2020-07-12 06:32', 'https://www.reddit.com/r/YouShouldKnow/comments/hpnv9v/ysk_if_you_ever_get_random_email_from_someone/fxsrr5q/', "And you're definitely not related in any way to u/ACCOUNT_WITH_PORN right?", 'hpnv9v'], ['u/blackpearl3111', 32, '2020-07-12 06:44', 'https://www.reddit.com/r/YouShouldKnow/comments/hpnv9v/ysk_if_you_ever_get_random_email_from_someone/fxssxw6/', 'I already have taped webcam of my both laptops.', 'hpnv9v'], ['u/fae95', 13, '2020-07-12 06:46', 'https://www.reddit.com/r/YouShouldKnow/comments/hpnv9v/ysk_if_you_ever_get_random_email_from_someone/fxst7j2/', 'Data breaches usually', 'hpnv9v'], ['u/magic8ball69', 131, '2020-07-12 06:48', 'https://www.reddit.com/r/YouShouldKnow/comments/hpnv9v/ysk_if_you_ever_get_random_email_from_someone/fxstf1u/', 'Typically from password dumps (databases of hacked email/password combos) from previous breaches, like the Yahoo hack.\n\nEdit: you can visit [haveibeenpwned.com](https://haveibeenpwned.com/) and enter your email address to see if/when any of your accounts have been compromised', 'hpnv9v'], ['u/[deleted]', 1077, '2020-07-12 07:00', 'https://www.reddit.com/r/YouShouldKnow/comments/hpnv9v/ysk_if_you_ever_get_random_email_from_someone/fxsump2/', '[You:](https://imgur.com/gallery/aQ5DBnE)', 'hpnv9v'], ['u/child_of_init', 10, '2020-07-12 07:02', 'https://www.reddit.com/r/YouShouldKnow/comments/hpnv9v/ysk_if_you_ever_get_random_email_from_someone/fxsur7n/', "Yeah it is pretty easy as no one has any basic security set up but the people who send these emails don't have the skills to do it and are just sitting in an office or call center like place in India or some place similar. \n\nIf someone hacks your webcam I would assume it's for personal reasons and they know who you are.", 'hpnv9v'], ['u/Uranus_Hz', 509, '2020-07-12 07:05', 'https://www.reddit.com/r/YouShouldKnow/comments/hpnv9v/ysk_if_you_ever_get_random_email_from_someone/fxsv1nc/', 'There was a Black Mirror episode based on this. It’s called “[Shut Up and Dance](https://www.imdb.com/title/tt5709230/)”.\n\nWould recommend.', 'hpnv9v'], ['u/princessaurus_rex', 2248, '2020-07-12 07:11', 'https://www.reddit.com/r/YouShouldKnow/comments/hpnv9v/ysk_if_you_ever_get_random_email_from_someone/fxsvil7/', 'Next you\'re going to tell me those "pens enlarge pills" aren\'t going to help me grow 2 inches this week.', 'hpnv9v'], ['u/EatPussyWithTobasco', 196, '2020-07-12 07:17', 'https://www.reddit.com/r/YouShouldKnow/comments/hpnv9v/ysk_if_you_ever_get_random_email_from_someone/fxsvygk/', 'I’m upset that account did not have any porn...', 'hpnv9v'], ['u/TheDoctore38927', 34, '2020-07-12 07:17', 'https://www.reddit.com/r/YouShouldKnow/comments/hpnv9v/ysk_if_you_ever_get_random_email_from_someone/fxsw077/', 'I just tell them I’m 9. Works a charm!', 'hpnv9v'], ['u/ReZpawner', 36, '2020-07-12 07:26', 'https://www.reddit.com/r/YouShouldKnow/comments/hpnv9v/ysk_if_you_ever_get_random_email_from_someone/fxswocj/', 'You and me both =\\', 'hpnv9v'], ['u/averecta', 2010, '2020-07-12 07:27', 'https://www.reddit.com/r/YouShouldKnow/comments/hpnv9v/ysk_if_you_ever_get_random_email_from_someone/fxsws9j/', 'A better scam would be to email my contacts and blackmail them with the threat that you’ll send that video - this sounds a lot more like their problem than mine', 'hpnv9v'], ['u/von_skeltal', 23, '2020-07-12 07:31', 'https://www.reddit.com/r/YouShouldKnow/comments/hpnv9v/ysk_if_you_ever_get_random_email_from_someone/fxsx26o/', "I never got why employers or basically anyone should care if someone looks at porn, not only is it not their business, it's just strange that people see it as shameful in general (unless it's child porn or something else that's genuinely concerning/illegal). Most people have a sex drive, not all of those people have a sexual partner, what's so strange about tending to that urge?", 'hpnv9v'], ['u/Scoolilis', 11, '2020-07-12 ... 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.
9243.61, 9243.21, 9192.84, 9132.23, 9151.39, 9159.04, 9185.82, 9164.23, 9374.89, 9525.36
You are an expert financial analyst. Your primary task is to 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 Bitcoin rose by 2.50% in the week ending 12 th July. Reversing a 1.46% loss from the previous week, Bitcoin ended the week at $9,315.8. It was a bullish start to the week. Bitcoin rose from a Monday intraweek low $9,075.8 to a Wednesday intraweek high $9,497.2. Bitcoin broke through the first major resistance level at $9,282 to come up against the second major resistance level at $9,480.0. Hitting reverse mid-week, Bitcoin fell back through the major resistance levels to $9,133 levels before finding support. In spite of a choppy end to the week, Bitcoin managed to recover to $9,300 levels on Sunday to close out the week in the green. 4-days in the green that included a 3.05% rally on Monday delivered the upside for the week. For the week ahead Bitcoin would need to avoid a fall back through $9,296 pivot to bring the first major resistance level at $9,517 into play. Support from the broader market would be needed for Bitcoin to break out from last week\x92s high $9,497.2. Barring an extended crypto rally, the first major resistance level and last week\x92s high $9,497.2 would likely cap any upside. In the event of a breakout, Bitcoin could take a run at $9,700 levels before any pullback. The second major resistance level at $9,718 would likely cap any upside, however. Failure to avoid a fall through the $9,296 pivot would bring support levels into play. A pullback through to sub-$9,200 levels would bring the first major support level at $9,095 into play. Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$8,900 levels. The 23.6% FIB of $8,900 should limit any downside in the week. At the time of writing, Bitcoin was down by 0.20% to $9,297.6. A mixed start to the week saw Bitcoin rise to an early Monday high $9,330.0 before falling to a low $9,286.7. Bitcoin left the major support and resistance levels untested at the start of the week. Cardano\x92s ADA Cardano\x92s ADA rallied by 29.24% in the week ending 12 th July. Following on from a 22.23% breakout from the previous week, Cardano\x92s ADA ended the week at $0.12694. Story continues It was another particularly bullish week for Cardano\x92s ADA. Cardano\x92s ADA rallied from a Monday intraweek low $0.095226 to a Wednesday intraweek high $0.14087. Steering clear of the major support levels, Cardano\x92s ADA broke through the major resistance levels. More significantly, Cardano\x92s ADA broke through the 23.6% FIB of $0.1125 to hit $0.14 levels for the 1 st time since August 2018. A 2 nd half of the week pullback saw Cardano\x92s ADA fall through the third major resistance level at $0.13955 and second major resistance level at $0.11644. Finding support at the first major resistance level at $0.10732, Cardano\x92s ADA bounced back to $0.1280 levels before easing back. 5 days in the green, that included an 11.88% surge on Tuesday and a 10.45% rally on Wednesday delivered the upside for the week. It was a 4 th consecutive weekly gain for Cardano\x92s ADA. For the week ahead Cardano\x92s ADA would need to avoid a fall through the $0.1210 pivot to support a run at the first major resistance level at $0.1468. Support from the broader market would be needed, however, for Cardano\x92s ADA to breakout from last week\x92s high $0.14087. Barring another extended crypto rally, the first major resistance level and last week\x92s high would likely cap any upside. In the event of another breakout, the second major resistance level at $0.1667 and 38.2% FIB of $0.1652 could come into play. Failure to avoid a fall through the $0.1210 pivot could see Cardano\x92s ADA cough up gains from last week. A pullback through the 23.6% FIB of $0.1125 would bring the first major support level at $0.10116 into play. Barring an extended broader-market sell-off, however, Cardano\x92s ADA should steer well clear of sub-$0.090 levels. The second major support level sits at $0.07537. At the time of writing, Cardano\x92s ADA was up by 2.72% to $0.13039. A bullish start to the week saw Cardano\x92s ADA rise from an early Monday low $0.12609 to a high $0.13295. Cardano\x92s ADA left the major support and resistance levels untested at the start of the week. This article was originally posted on FX Empire More From FXEMPIRE: European Equities: A Lack of Stats Leaves COVID-19 and Geopolitics in Focus The Week Ahead \x96 COVID-19, Earnings, the Economic Calendar, and Trump in Focus Advanced Micro Devices At Cusp Of A Major Breakout Geopolitics, COVID-19 News, FED Chair Powell, and BoE Governor Bailey in Focus Natural Gas Price Fundamental Weekly Forecast \x96 Bulls Hoping Heat Outweighs Virus-Related Demand Concerns USD/JPY Fundamental Weekly Forecast \x96 Trader Reaction to 106.706 Sets the Tone; BOJ Stands Pat', 'Bitcoin rose by 2.50% in the week ending 12thJuly. Reversing a 1.46% loss from the previous week, Bitcoin ended the week at $9,315.8.\nIt was a bullish start to the week. Bitcoin rose from a Monday intraweek low $9,075.8 to a Wednesday intraweek high $9,497.2.\nBitcoin broke through the first major resistance level at $9,282 to come up against the second major resistance level at $9,480.0.\nHitting reverse mid-week, Bitcoin fell back through the major resistance levels to $9,133 levels before finding support.\nIn spite of a choppy end to the week, Bitcoin managed to recover to $9,300 levels on Sunday to close out the week in the green.\n4-days in the green that included a 3.05% rally on Monday delivered the upside for the week.\nBitcoin would need to avoid a fall back through $9,296 pivot to bring the first major resistance level at $9,517 into play.\nSupport from the broader market would be needed for Bitcoin to break out from last week’s high $9,497.2.\nBarring an extended crypto rally, the first major resistance level and last week’s high $9,497.2 would likely cap any upside.\nIn the event of a breakout, Bitcoin could take a run at $9,700 levels before any pullback. The second major resistance level at $9,718 would likely cap any upside, however.\nFailure to avoid a fall through the $9,296 pivot would bring support levels into play.\nA pullback through to sub-$9,200 levels would bring the first major support level at $9,095 into play.\nBarring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$8,900 levels. The 23.6% FIB of $8,900 should limit any downside in the week.\nAt the time of writing, Bitcoin was down by 0.20% to $9,297.6. A mixed start to the week saw Bitcoin rise to an early Monday high $9,330.0 before falling to a low $9,286.7.\nBitcoin left the major support and resistance levels untested at the start of the week.\nCardano’s ADA rallied by 29.24% in the week ending 12thJuly. Following on from a 22.23% breakout from the previous week, Cardano’s ADA ended the week at $0.12694.\nIt was another particularly bullish week for Cardano’s ADA.\nCardano’s ADA rallied from a Monday intraweek low $0.095226 to a Wednesday intraweek high $0.14087.\nSteering clear of the major support levels, Cardano’s ADA broke through the major resistance levels.\nMore significantly, Cardano’s ADA broke through the 23.6% FIB of $0.1125 to hit $0.14 levels for the 1sttime since August 2018.\nA 2ndhalf of the week pullback saw Cardano’s ADA fall through the third major resistance level at $0.13955 and second major resistance level at $0.11644.\nFinding support at the first major resistance level at $0.10732, Cardano’s ADA bounced back to $0.1280 levels before easing back.\n5 days in the green, that included an 11.88% surge on Tuesday and a 10.45% rally on Wednesday delivered the upside for the week. It was a 4thconsecutive weekly gain for Cardano’s ADA.\nCardano’s ADA would need to avoid a fall through the $0.1210 pivot to support a run at the first major resistance level at $0.1468.\nSupport from the broader market would be needed, however, for Cardano’s ADA to breakout from last week’s high $0.14087.\nBarring another extended crypto rally, the first major resistance level and last week’s high would likely cap any upside.\nIn the event of another breakout, the second major resistance level at $0.1667 and 38.2% FIB of $0.1652 could come into play.\nFailure to avoid a fall through the $0.1210 pivot could see Cardano’s ADA cough up gains from last week.\nA pullback through the 23.6% FIB of $0.1125 would bring the first major support level at $0.10116 into play.\nBarring an extended broader-market sell-off, however, Cardano’s ADA should steer well clear of sub-$0.090 levels. The second major support level sits at $0.07537.\nAt the time of writing, Cardano’s ADA was up by 2.72% to $0.13039. A bullish start to the week saw Cardano’s ADA rise from an early Monday low $0.12609 to a high $0.13295.\nCardano’s ADA left the major support and resistance levels untested at the start of the week.\nThisarticlewas originally posted on FX Empire\n• European Equities: A Lack of Stats Leaves COVID-19 and Geopolitics in Focus\n• The Week Ahead – COVID-19, Earnings, the Economic Calendar, and Trump in Focus\n• Advanced Micro Devices At Cusp Of A Major Breakout\n• Geopolitics, COVID-19 News, FED Chair Powell, and BoE Governor Bailey in Focus\n• Natural Gas Price Fundamental Weekly Forecast – Bulls Hoping Heat Outweighs Virus-Related Demand Concerns\n• USD/JPY Fundamental Weekly Forecast – Trader Reaction to 106.706 Sets the Tone; BOJ Stands Pat', 'Bitcoin rose by 2.50% in the week ending 12thJuly. Reversing a 1.46% loss from the previous week, Bitcoin ended the week at $9,315.8.\nIt was a bullish start to the week. Bitcoin rose from a Monday intraweek low $9,075.8 to a Wednesday intraweek high $9,497.2.\nBitcoin broke through the first major resistance level at $9,282 to come up against the second major resistance level at $9,480.0.\nHitting reverse mid-week, Bitcoin fell back through the major resistance levels to $9,133 levels before finding support.\nIn spite of a choppy end to the week, Bitcoin managed to recover to $9,300 levels on Sunday to close out the week in **Last 60 Days of Bitcoin's Closing Prices:** [9733.72, 9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85, 9771.49, 9795.70, 9870.09, 9321.78, 9480.84, 9475.28, 9386.79, 9450.70, 9538.02, 9480.25, 9411.84, 9288.02, 9332.34, 9303.63, 9648.72, 9629.66, 9313.61, 9264.81, 9162.92, 9045.39, 9143.58, 9190.85, 9137.99, 9228.33, 9123.41, 9087.30, 9132.49, 9073.94, 9375.47, 9252.28, 9428.33, 9277.97, 9278.81, 9240.35, 9276.50] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-07-13 **Financial & Commodity Data:** - Gold Closing Price: $1811.00 - Crude Oil Closing Price: $40.10 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $171,479,437,244 - Hash Rate: 121086665.700822 - Transaction Count: 310227.0 - Unique Addresses: 638906.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.43 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Telegram will pay $18.5 million and notify the U.S. Securities and Exchange Commission (SEC) if it plans to issue any sort of digital currency in the next three years in a proposed settlement with the securities regulator,a court filingrevealed Thursday. The settlement, which was reached on June 11 and effectively ends a six-month court fight with the agency, also indicates the messaging platform will be responsible for a $1.22 billion disgorgement that is offset by $1.19 billion paid as “termination amounts” in investors’ purchase agreements and the amounts that some investors loaned to Telegram earlier this year. Telegram has 30 days to pay the SEC penalty and up to four years to pay back investors under the settlement. Additionally, Telegram should notify the SEC if the company wants to issue “‘cryptocurrencies,’ ‘digital coins,’ ‘digital tokens,’ or any similar digital asset issued or transferred using distributed ledger technology” at any point over the next three years. The notification – which is not a request for an approval – should come 45 days prior to the planned issuance, the settlement reads. Related:Sovrin Foundation Sheds All Paid Staff in Tale of a Token Issuance Gone Wrong The settlement apparently takes into consideration Telegram’s commitment toterminate TON’s developmentandpay back investors. Previously, Telegramofferedits non-U.S. investors an opportunity to loan their money to the company for one year, with a pledge to pay back 110% of the amount invested next April. This was as an alternative to getting back 72% of the investment this May – the amount previously agreed upon by the investors. Not everyone was happy with the deal, with some investors saying theyconsidered suing Telegram. The SECsuedTelegram in October 2019 after the company raised $1.7 billion to fund the development of its TON blockchain project. A federal court sided with the SEC when the agency asked to block Telegram from issuing any tokens as it had planned to do earlier this year.While Telegram appealedinitially, it laterhalted this effort. The companyannouncedit would be ceasing work on TON on May 27, though itpublished some codefor the project. Related:Kleiman Bitcoin Case Heads to Trial as Motion for Sanctions Against Craig Wright Is Denied After adding “some almost-finished components of TON Storage, TON Payments and CPS Fift from testing branches into the main branch,” “the original TON development team is discontinuing its active involvement with the TON project,” the update said. While Telegram ostensibly no longer plans to update its code for TON, it did write that “some minor bug fixes and Github issue answers may occasionally appear if any of the members of the original team have the spare time and inclination to contribute to the community’s efforts.” Telegram managed to release most of the TON code, includingblockchain nodes, a technical paper onTON’s consensus protocoland anative crypto wallet. While Telegram itself claimed it would no longer launch TON, another entity, TON Labs,launchedits own version of the network with a group of professional validators. The SEC declined to comment on the proposed settlement, but saidin a letter to the courtthat the proposed settlement “is fair and reasonable and in the public interest.” In a statement shared with CoinDesk and later published to Telegram founder Pavel Durov’s Telegram channel, the company said the settlement “reconfirms our commitment to repay the remaining funds to purchasers.” “Since we saw limited value in pursuing the court case further, we welcomed the opportunity to resolve it without admitting or denying our liability,” the statement said, concluding that he hoped the U.S. becomes friendlier to blockchain in the future. UPDATE (June 25, 2020, 18:30 UTC):This article has been updated with a statement from Telegram. • Telegram Agrees to Pay $18.5M Penalty in SEC Settlement Over Failed TON Offering • Telegram Agrees to Pay $18.5M Penalty in SEC Settlement Over Failed TON Offering... - 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.
9243.21, 9192.84, 9132.23, 9151.39, 9159.04, 9185.82, 9164.23, 9374.89, 9525.36, 9581.07
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:** ['NEW YORK, NY / ACCESSWIRE / July 13, 2020 / Bitbase Exchange, a new crypto exchange represented by FCoin, launched a "trading-as-a-mining" trading system in 2018, thereby challenging the three established exchanges. With this, a war between the emerging crypto exchanges broke out. In 2019, another batch of fresh troops characterized by "model play" and represented by Matcha and BIKI came into prominence. At that time, the cryptocurrency exchange world entered a new phase of competition, which was marked by "participation in the purchase of new shares with funds". The competition became very fierce, and the second round of war between the emerging crypto exchanges started off. In 2020, Bitcoin market crashes have become very rare, as the market undercurrent is surging, and perhaps only the exchanges can set the trend again. For example, the contract plate competition has been very fierce since the beginning of 2020, which focuses on security and compliance, and product-based innovation has become the point of strength. "It\'s been a long time since the era of attracting users with fly-heads and small profits, as those methods can\'t cultivate loyalty at all. Now, the digital currency circle is more product-oriented." cryptocurrency analyst John told the press. Bitbase, a rising star in many of the emerging markets, is trying to jump-start the exchange industry\'s third breakout war with product-oriented services and technological strength. The Bitbase founding team consists of the core management people of Huobi and OKEX exchange. The founder members have rich experience, resources and are conversant with advanced technology. The products use distributed server cluster, distributed storage, cold wallet, private key off-line hot wallet and other advanced technology for creating digital assets global circulation to provide customers with safe, stable and credible digital assets trading services through the web terminal, mobile phone terminal, PC terminal and other terminals. Story continues At present, the total number of registered users globally has crossed 500,000. Bitbase Exchange opened its offices in Eastern Europe, Malaysia, Vietnam, Cambodia and Southeast Asia. With a sound capital OTC access and product experience, and supported by a strong technical team, Bitbase Exchange is equipped with a sound trading security mechanism and a strong underlying structure. "I joined into the digital currency circle in two years ago; I can say that Bitbase Exchange is the most stable one," one investor, Li Mu (pseudonym), stated. Bitbase\'s core business involves currency transactions, contract transactions, asset wallets and OTC services, forming a complete product line, and will continue to innovate in line with user needs to provide richer and more practical product features. At the same time, based on the distributed digital assets trading platform of community consensus autonomy, Bitbase combines the high performance of the centralized exchange and the high reliability of the decentralized public chain perfectly to have realized the one-stop choice of digital assets security storage, new project crowdfunding, digital assets issuance, and the solution of digital assets users. According to Bitbase, the platform also attaches particular importance to security and now has achieved a breakthrough in security innovation, based on Bitbase technology and multi-layer protection, the platform keeps hundreds of billions of assets for users and has never had a technical safety accident so far. The advanced technologies, such as GSLB, distributed server cluster, distributed storage, high-speed memory trading engine with multi-computers, cold wallet, and off-line hot wallet with private key, are employed to guarantee the transaction to be stable. In terms of asset settlement and risk control, Bitbase aims to achieve 99.999% high availability of liquidation core through financial-level micro-service architecture Spring Cloud and financial-level distributed database HDFS, and to enhance the five capabilities of liquidation core, such as fault emergency, data support, risk measurement, gray level drilling and risk identification through attack and defense drilling, thus to realize the real-time liquidation of 10 billion digital assets and ensure the user\'s high-quality experience. When the premise exchange is busy in the license, it has become the "stepping stone" for cryptocurrency exchange into the mainstream society, manifesting legitimacy and comprehensive strength of the exchange. However, its gold content varies heavily since different countries have different definition standard and review mechanism on the license. In general, the EU MTR license is the industry\'s highly recognized license, and Bitbase has been issued with the EU MTR license, a dual license of digital currency + wallet. For blockchain projects, this license service covers a wide range of areas and possesses a high degree of authority. In summary, the above-mentioned practices and efforts are the initial reflection of Bitbase, the team has been adhering to the principle of open and common development to build a mature low-level technology platform by relying on a professional blockchain development team, to fully incubate application projects, so as to help them get implemented and gradually complete the exchange\'s internal ecological construction. As stated officially, in the future, Bitbase will continue to innovate and optimize its products and services, serve the needs of users, and provide the safest, most stable and most efficient digital financial transaction service platform for users around the world. It is believed that Bitbase will be the leader of the exchange\'s third breakout war. CONTACT: Bonny Zhou 15727270252 https://app.mbitbase.com/ [email protected] SOURCE: Bitbase Exchange View source version on accesswire.com: https://www.accesswire.com/597405/Bitbase-Exchange-Leading-The-Third-War-Among-Emerging-Crypto-Exchanges', 'NEW YORK, NY / ACCESSWIRE / July 13, 2020 /Bitbase Exchange, a new crypto exchange represented by FCoin, launched a "trading-as-a-mining" trading system in 2018, thereby challenging the three established exchanges. With this, a war between the emerging crypto exchanges broke out.\nIn 2019, another batch of fresh troops characterized by "model play" and represented by Matcha and BIKI came into prominence. At that time, the cryptocurrency exchange world entered a new phase of competition, which was marked by "participation in the purchase of new shares with funds". The competition became very fierce, and the second round of war between the emerging crypto exchanges started off.\nIn 2020, Bitcoin market crashes have become very rare, as the market undercurrent is surging, and perhaps only the exchanges can set the trend again. For example, the contract plate competition has been very fierce since the beginning of 2020, which focuses on security and compliance, and product-based innovation has become the point of strength.\n"It\'s been a long time since the era of attracting users with fly-heads and small profits, as those methods can\'t cultivate loyalty at all. Now, the digital currency circle is more product-oriented." cryptocurrency analyst John told the press.\nBitbase, a rising star in many of the emerging markets, is trying to jump-start the exchange industry\'s third breakout war with product-oriented services and technological strength.\nThe Bitbase founding team consists of the core management people of Huobi and OKEX exchange. The founder members have rich experience, resources and are conversant with advanced technology. The products use distributed server cluster, distributed storage, cold wallet, private key off-line hot wallet and other advanced technology for creating digital assets global circulation to provide customers with safe, stable and credible digital assets trading services through the web terminal, mobile phone terminal, PC terminal and other terminals.\nAt present, the total number of registered users globally has crossed 500,000. Bitbase Exchange opened its offices in Eastern Europe, Malaysia, Vietnam, Cambodia and Southeast Asia. With a sound capital OTC access and product experience, and supported by a strong technical team, Bitbase Exchange is equipped with a sound trading security mechanism and a strong underlying structure.\n"I joined into the digital currency circle in two years ago; I can say that Bitbase Exchange is the most stable one," one investor, Li Mu (pseudonym), stated.\nBitbase\'s core business involves currency transactions, contract transactions, asset wallets and OTC services, forming a complete product line, and will continue to innovate in line with user needs to provide richer and more practical product features.\nAt the same time, based on the distributed digital assets trading platform of community consensus autonomy, Bitbase combines the high performance of the centralized exchange and the high reliability of the decentralized public chain perfectly to have realized the one-stop choice of digital assets security storage, new project crowdfunding, digital assets issuance, and the solution of digital assets users.\nAccording to Bitbase, the platform also attaches particular importance to security and now has achieved a breakthrough in security innovation, based on Bitbase technology and multi-layer protection, the platform keeps hundreds of billions of assets for users and has never had a technical safety accident so far. The advanced technologies, such as GSLB, distributed server cluster, distributed storage, high-speed memory trading engine with multi-computers, cold wallet, and off-line hot wallet with private key, are employed to guarantee the transaction to be stable.\nIn terms of asset settlement and risk control, Bitbase aims to achieve 99.999% high availability of liquidation core through financial-level micro-service architecture Spring Cloud and financia **Last 60 Days of Bitcoin's Closing Prices:** [9328.20, 9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85, 9771.49, 9795.70, 9870.09, 9321.78, 9480.84, 9475.28, 9386.79, 9450.70, 9538.02, 9480.25, 9411.84, 9288.02, 9332.34, 9303.63, 9648.72, 9629.66, 9313.61, 9264.81, 9162.92, 9045.39, 9143.58, 9190.85, 9137.99, 9228.33, 9123.41, 9087.30, 9132.49, 9073.94, 9375.47, 9252.28, 9428.33, 9277.97, 9278.81, 9240.35, 9276.50, 9243.61] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-07-14 **Financial & Commodity Data:** - Gold Closing Price: $1810.60 - Crude Oil Closing Price: $40.29 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $171,479,437,244 - Hash Rate: 124167138.542574 - Transaction Count: 359847.0 - Unique Addresses: 734433.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.43 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Click here to read the full article. There was very little pomp, but that owed more to the circumstance, as Conan O’Brien gave the first remote commencement address in Harvard ’s long history to the Class of 2020. Delivered from a podium set up in his backyard, O’Brien used the unusual setting to his advantage, opening his speech with a montage of archival footage of a standing ovation from cheering crowds, a Blue Angels flyover, blasting cannons, and a water-squirting tugboat salute. More from Deadline 'Conan' To Air New Shows Beginning March 30 Late-Night Hosts Remember "Terrific Guest" Kobe Bryant Conan O'Brien Pays Tribute To NBC Late-Night Executive Rick Ludwin O’Brien, himself a Harvard grad and two-time editor of The Lampoon, said graduates would receive their diplomas in a plain envelope marked “Cornell Diploma” as a way to foil package thieves. “As you sit here today, or stand, or microwave a burrito, or ride a Peloton, or recline uncomfortably in your childhood bed, or mine Bitcoin, or Google ‘Who is Conan O’Brien?,’ you are witnessing many firsts in today’s ceremony,” O’Brien said, mentioning it was the first time the address had been delivered in the spot where his dog urinated just seven minutes before. O’Brien thanked Harvard for his honorary degree in “bosonic string theory and condensed-matter physics” (he was actually a history major) and saluted the IT department for their efforts (“Really nice compression, guys. Beautiful, very little buffering.”) To make everyone feel at home (even though they were actually at home), O’Brien said that authorities were doing their best to make up for the strangeness. “Trust me, we are taking steps to make today’s Commencement feel as authentic as possible,” he said. “In fact, right now, Harvard is charging each of you $50 for parking in Cambridge.” There was a slightly serious moment as well. O’Brien noted that seniors had “been handed more than your share. You’ve only known a world beset by terrorist hate. You’ve grown up with mass shootings and school lockdowns. Horror was completely absent from my childhood. You have now witnessed two economic meltdowns of stunning proportions. You are remarkable examples to my children of how to be smart, brave, and yes, resilient in a scary world.” Story continues Best of Deadline Coronavirus: U.S. Death Toll Passes Grim 100,000 Milestone As Global Cases Top 5.5 Million - Update Coronavirus: Movies That Have Halted Or Delayed Production Amid Outbreak Hong Kong Filmart Postponed Due To Coronavirus Fears; Event Moves Two Weeks Before Toronto Sign up for Deadline's Newsletter . For the latest news, follow us on Facebook , Twitter , and Instagram .... - 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.
9192.84, 9132.23, 9151.39, 9159.04, 9185.82, 9164.23, 9374.89, 9525.36, 9581.07, 9536.89
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:** ['The major U.S. stock indexes finished higher on Tuesday, rebounding from Monday’s weak session. The blue chip Dow Jones Industrial Average led the way with a more than two-percent gain. The primary support came from strong performances in the energy and materials sectors as investors once again shrugged off the recent surge in coronavirus cases.\nOn Tuesday, the benchmarkS&P 500 Indexsettled at 3197.52, up 42.30 or +1.41%. TheDow Jones Industrial Averagefinished at 26642.59, up 556.79 or 2.22% and the technology-basedNASDAQ Compositeclosed at 10488.58, up 97.74 or +1.03%.\nSurprisingly, stocks performed well despite mixed news. JPMorgan topped Q2 estimates, but Wells Fargo reported a loss. Delta airlines warned air travel would take at least two years to recover, while Moderna announced it is getting ready to start late-stage trials of its COVID-19 vaccine later in the month.\nThe S&P Energy, Materials and Industrial Indexes jumped more than 2%, while Health, Technology and Consumer Staples each rose more than 1%.\nThe S&P 500 Banks Index dropped 1.2% as the three banks – JPMorgan Chase, Wells Fargo & Co, and Citigroup, Inc – set aside a combined $28 billion to cover potential losses on loans to borrowers hurt by the coronavirus pandemic.\nAmazonslipped 0.6%. It and other recently strong performing technology and growth stocks, includingFacebookandNetflix, recovered from deeper losses, giving the NASDAQ a late session spurt.\nJPMorgan Chase & Co, the largest U.S. lender, rose 0.6% after it posted a smaller-than-expected 51% drop in second-quarter profit.\nWells Fargo & Companytumbled 4.6% after booking a quarterly loss for the first time since the 2008 financial crisis.Citigroup Incdropped 3.9% after it reported a steep fall in quarterly profit.\nDelta Air Lines Incdropped 2.65% after it warned it will be more than two years before the industry sees a sustainable recovery from the “staggering” impact of the coronavirus pandemic, with demand largely tracking the curve of infections in different places.\nFinallyModerna Incjumped 4.5% after it said it plans to start a late-stage clinical trial for its COVID-19 vaccine candidate on or around July 27.\nAdvancing issues outnumbered declining ones on the NYSE by a 1.92-to-1 ratio; on NASDAQ, a 1.63-to-1 ratio favored advancers.\nThe S&P 500 posted seven new 52-week highs and no new lows; the NASDAQ Composite recorded 35 new highs and 32 new lows.\nVolume on U.S. exchanges was 10.7 billion shares, compared with the 11.8 billion average for the full session over the last 20 trading days.\nFor a look at all of today’s economic events, check out oureconomic calendar.\nThisarticlewas originally posted on FX Empire\n• EUR/JPY Bullish Bounce and Cup with Handle Pattern\n• Forex Technical Analysis & Forecast for July 15, 2020\n• Moderna, S&P: Vaccine Hopes\n• Bitcoin Remains Stagnant Despite Testing Key Resistance Barrier\n• Commodities on The Rise!\n• The Curious Story of the Miners’ Breakdown', 'The major U.S. stock indexes finished higher on Tuesday, rebounding from Monday’s weak session. The blue chip Dow Jones Industrial Average led the way with a more than two-percent gain. The primary support came from strong performances in the energy and materials sectors as investors once again shrugged off the recent surge in coronavirus cases. On Tuesday, the benchmark S&P 500 Index settled at 3197.52, up 42.30 or +1.41%. The Dow Jones Industrial Average finished at 26642.59, up 556.79 or 2.22% and the technology-based NASDAQ Composite closed at 10488.58, up 97.74 or +1.03%. Surprisingly, stocks performed well despite mixed news. JPMorgan topped Q2 estimates, but Wells Fargo reported a loss. Delta airlines warned air travel would take at least two years to recover, while Moderna announced it is getting ready to start late-stage trials of its COVID-19 vaccine later in the month. Sectors and Stocks The S&P Energy, Materials and Industrial Indexes jumped more than 2%, while Health, Technology and Consumer Staples each rose more than 1%. The S&P 500 Banks Index dropped 1.2% as the three banks – JPMorgan Chase, Wells Fargo & Co, and Citigroup, Inc – set aside a combined $28 billion to cover potential losses on loans to borrowers hurt by the coronavirus pandemic. Amazon slipped 0.6%. It and other recently strong performing technology and growth stocks, including Facebook and Netflix , recovered from deeper losses, giving the NASDAQ a late session spurt. JPMorgan Chase & Co , the largest U.S. lender, rose 0.6% after it posted a smaller-than-expected 51% drop in second-quarter profit. Wells Fargo & Company tumbled 4.6% after booking a quarterly loss for the first time since the 2008 financial crisis. Citigroup Inc dropped 3.9% after it reported a steep fall in quarterly profit. Delta Air Lines Inc dropped 2.65% after it warned it will be more than two years before the industry sees a sustainable recovery from the “staggering” impact of the coronavirus pandemic, with demand largely tracking the curve of infections in different places. Story continues Finally Moderna Inc jumped 4.5% after it said it plans to start a late-stage clinical trial for its COVID-19 vaccine candidate on or around July 27. The Internals Advancing issues outnumbered declining ones on the NYSE by a 1.92-to-1 ratio; on NASDAQ, a 1.63-to-1 ratio favored advancers. The S&P 500 posted seven new 52-week highs and no new lows; the NASDAQ Composite recorded 35 new highs and 32 new lows. Volume on U.S. exchanges was 10.7 billion shares, compared with the 11.8 billion average for the full session over the last 20 trading days. For a look at all of today’s economic events, check out our economic calendar . This article was originally posted on FX Empire More From FXEMPIRE: EUR/JPY Bullish Bounce and Cup with Handle Pattern Forex Technical Analysis & Forecast for July 15, 2020 Moderna, S&P: Vaccine Hopes Bitcoin Remains Stagnant Despite Testing Key Resistance Barrier Commodities on The Rise! The Curious Story of the Miners’ Breakdown', 'EURUSD, “Euro vs US Dollar” EURUSD has extended the wave up to 1.1420. Possibly, today the pair may form a new descending structure towards 1.1373 and then start another growth to reach 1.1390, thus forming a new consolidating range between these two levels. If later the price breaks this range to the downside, the market may resume trading downwards with the target at 1.1330. GBPUSD, “Great Britain Pound vs US Dollar” After finishing the descending wave at 1.2480, GBPUSD is correcting upwards with the target at 1.2588. Later, the market may start a new decline to reach the short-term target at 1.2454. USDRUB, “US Dollar vs Russian Ruble” USDRUB is consolidating below 71.23. Today, the pair may fall to break 70.55 and then continue trading downwards with the target at 69.90. Later, the market may start a new correction to reach 71.27. USDJPY, “US Dollar vs Japanese Yen” USDJPY is still consolidating around 107.20. Possibly, today the pair may form a new descending structure to return to 107.00 and then start another growth to reach 107.50. Later, the market may resume falling towards 106.94 or even deeper, 106.60. USDCHF, “US Dollar vs Swiss Franc” USDCHF is still consolidating around 0.9400. If later the price breaks this range to the upside at 0.9415, the market may resume trading upwards with the target at 0.9440 or even higher, 0.9550; if to the downside at 0.9388 – form a new descending structure with the target at 0.9366. AUDUSD, “Australian Dollar vs US Dollar” After completing the ascending wave at 0.7017, AUDUSD is expected to fall towards 0.6967 and then grow to reach 0.6991, thus forming a new consolidating range between these two levels. If later the price breaks this range to the downside, the market may resume trading downwards with the target at 0.6924. BRENT Brent is moving not far from the upside border of the range. Possibly, the pair may break 43.30 and then continue moving upwards with the target at 45.00. After that, the instrument may start a new decline to return to 43.30 and then form one more ascending structure to reach 45.55. Story continues XAUUSD, “Gold vs US Dollar” After completing the ascending structure at 1805.00, Gold is consolidating around this level. If later the price breaks this range to the downside, the market may resume trading downwards to reach 1791.33 or even 1777.17; if to the upside – form one more ascending structure with the target at 1819.55. BTCUSD, “Bitcoin vs US Dollar” After finishing the correction at 9260.00 and testing it from below, BTCUSD is expected to fall to break 9160.00. After that, the instrument may resume trading inside the downtrend with the target at 9000.00 or even 8700.00. S&P 500 After the ascending structure towards 3185.0 and a gap up this morning, the S&P 500 Index is expected to reach 3240.4 and then fall to return to 3185.0, thus forming a new consolidating range between these two levels. If later the price breaks this range to the downside, the market may start a new correction with the target at 3111.1; if to the upside – form one more ascending structure towards 3300.3. For a look at all of today’s economic events, check out our economic calendar . By Dmitriy Gurkovskiy, Chief Analyst at RoboForex Disclaimer Any predictions contained herein are based on the author’s particular opinion. This analysis shall not be treated as trading advice. RoboForex shall not be held liable for the results of the trades arising from relying upon trading recommendations and reviews contained herein. This article was originally posted on FX Empire More From FXEMPIRE: The Curious Story of the Miners’ Breakdown Vaccine Hopes Fuel Market Optimism, OPEC in Focus Commodities on The Rise! US Stocks – Banks Report Mixed Results, Delta Warns About Weak Air Travel, Moderna Announces Vaccine Trials Stock Pick Update: July 15 – July 21, 2020 Trifecta of Drivers Supporting Silver', '• Equity bulls powered by vaccine hopes\n• OPEC+ expected to t **Last 60 Days of Bitcoin's Closing Prices:** [9377.01, 9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85, 9771.49, 9795.70, 9870.09, 9321.78, 9480.84, 9475.28, 9386.79, 9450.70, 9538.02, 9480.25, 9411.84, 9288.02, 9332.34, 9303.63, 9648.72, 9629.66, 9313.61, 9264.81, 9162.92, 9045.39, 9143.58, 9190.85, 9137.99, 9228.33, 9123.41, 9087.30, 9132.49, 9073.94, 9375.47, 9252.28, 9428.33, 9277.97, 9278.81, 9240.35, 9276.50, 9243.61, 9243.21] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-07-15 **Financial & Commodity Data:** - Gold Closing Price: $1811.40 - Crude Oil Closing Price: $41.20 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $171,479,437,244 - Hash Rate: 118993507.769967 - Transaction Count: 316064.0 - Unique Addresses: 671171.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.44 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: A Pennsylvania man who told a West Virginia bank he had $640,000 in bitcoin in an effort to secure a loan pleaded guilty to bank fraud on Tuesday. Randall Joseph Smail, 23, admitted in the U.S. District Court for the Northern District of West Virginia that he used a phony account statement from the Kraken cryptocurrency exchange to defraud the Pendleton Community Bank of a $552,533 loan, according to plea documents . Smail told the bank he could only withdraw his $640,000 bitcoin in $200,000 increments “due to tax issues,” according to Jan. 27 court filings. Both statements were false, as Smail did not have any bitcoin with Kraken. Smail ultimately received $1,800 of the bank loan. He could face a maximum of 30 years in prison and a $1,000,000 fine for committing bank fraud. There were discrepancies in the amount of bitcoin the government said Smail lied about having. The Department of Justice’s Tuesday press release and the case’s first court filings gave a value of $640,000,000. However, Smail’s lawyer, Stanton Levenson, said the real figure was $640,000. The U.S Attorney’s Office did not respond to a CoinDesk request for comment. “Very few in the traditional banking system comprehend cryptocurrency,” a Kraken spokesperson told CoinDesk. “As an industry, this is the reason we go to great lengths to educate clients and traditional banking partners about crypto.” UPDATE (July 9, 15:17 UTC): This article has been updated to include comment from Kraken. Related Stories 23-Year-Old Who Lied to Bank About Bitcoin Holdings Pleads Guilty to Fraud 23-Year-Old Who Lied to Bank About Bitcoin Holdings Pleads Guilty to Fraud 23-Year-Old Who Lied to Bank About Bitcoin Holdings Pleads Guilty to Fraud 23-Year-Old Who Lied to Bank About Bitcoin Holdings Pleads Guilty to Fraud... - Reddit Posts (Sample): [['u/rpbanker', "Let us convert scrap gold to gold bullion. It's literally the same element.", 182, '2020-07-15 00:01', 'https://www.reddit.com/r/fo76/comments/hrb18z/let_us_convert_scrap_gold_to_gold_bullion_its/', 'I realize that Beth wants to control the amount of bullion in the world, but maybe they should have used Bitcoin.', 'https://www.reddit.com/r/fo76/comments/hrb18z/let_us_convert_scrap_gold_to_gold_bullion_its/', 'hrb18z', [['u/ScruYouBenny', 71, '2020-07-15 00:05', 'https://www.reddit.com/r/fo76/comments/hrb18z/let_us_convert_scrap_gold_to_gold_bullion_its/fy2znr1/', 'People would just farm and dupe gold.', 'hrb18z'], ['u/KyliaQuilor', 25, '2020-07-15 00:47', 'https://www.reddit.com/r/fo76/comments/hrb18z/let_us_convert_scrap_gold_to_gold_bullion_its/fy34j0z/', "Presumably, in-universe, the bullion has some sort of seal or insignia pressed into it attesting to it's purity content from the US government, which is why some rando making their own gold bars wouldn't get as much out of it.\n\nOOC, of course they're not going to let us turn scrap into bullion. That's absurd.", 'hrb18z'], ['u/ArdvarkMaster', 24, '2020-07-15 02:01', 'https://www.reddit.com/r/fo76/comments/hrb18z/let_us_convert_scrap_gold_to_gold_bullion_its/fy3ce4x/', 'I want to smelt "Republic of Dave" bullion, official seal and all.', 'hrb18z'], ['u/Gumbybum', 12, '2020-07-15 02:08', 'https://www.reddit.com/r/fo76/comments/hrb18z/let_us_convert_scrap_gold_to_gold_bullion_its/fy3d128/', "If it's chemistry we're discussing, then we must consider how gold from vault 79 had not been exposed to large quantities of radiation and wasteland gold scrap has. Therefore they are different isotopes of the same element. And since the value of gold is based on its rarity the gold bullion is inherently more valuable than gold scrap of the same mass.\n\nI'm a nerd.", 'hrb18z'], ['u/Lord-Vortexian', 16, '2020-07-15 05:29', 'https://www.reddit.com/r/fo76/comments/hrb18z/let_us_convert_scrap_gold_to_gold_bullion_its/fy3xaz7/', 'Not like a ton of people duped the treasury notes or anything', 'hrb18z']]], ['u/lapetiteaudrey', 'But exactly, how many payment methods do you use?', 13, '2020-07-15 01:13', 'https://www.reddit.com/r/SellerCircleStage/comments/hrca4l/but_exactly_how_many_payment_methods_do_you_use/', "I know they are plenty but I am limited because I live in Europe and some are bad for SW.\n\nPayPal is a nono even if I have a business account with a fake name. I made a very small selling with a nice client but the bank has technical issues lately and I don't think I will use it again.\n\nGpay can be used only to pay and not to receive money, Vemno and Cashapp are not available and not good for this but apparently many clients like to use them a lot.\n\nMy current options are;\n- Bitcoin: a my celium wallet and transfer Btc through Coinbase then my bank account. The problem is that I attached my debit card but they asked to send a little amount of money to the official branch too.\n\n- IndieBill: I got verified today and attached my bank account.\n\n-Chaturbate or anothet cam site if I decide to do cam\n\n-Paxum\n\nAnother girl sent me a link for polyalpha which seems easy to use but idk\n\nI am planning to sell sexting sessions, send pics and gfe + some camming if I figure out a way.\nI considered custom videos but I have social anxiety so I am not sure.\nI could try some fetish stuff but honestly I am not sure of my limits.\n\nAre only 2-4 payment options ok?", 'https://www.reddit.com/r/SellerCircleStage/comments/hrca4l/but_exactly_how_many_payment_methods_do_you_use/', 'hrca4l', [['u/sashabennett', 10, '2020-07-15 01:58', 'https://www.reddit.com/r/SellerCircleStage/comments/hrca4l/but_exactly_how_many_payment_methods_do_you_use/fy3c32g/', "I only have 4 payment options and it's worked fine! Other than Cashapp, I have ManyVids, Onlyfans, and Amazon Giftcards\n\nWhile MV and OF take a cut (Usually 20% but it varies between 0%-40%) of whatever someone gives you, they help your visibility and get more clients. It's also makes the client feel safer too since they pay before the service, but you don't receive it until you've completed it. MV is also great for setting up custom vids.\n\nAmazon GC are great, but you have to add a 10% transaction fee, which I haven't had anyone have issues with yet. Just make sure you have a different email you can use to give them to send it to, and ALWAYS make sure you receive the email itself from amazon. Don't take screenshots or emails directly from the client. \n\nHope this helps!", 'hrca4l']]], ['u/blues17sr', 'Brother and I made a bet a couple years ago..', 24, '2020-07-15 03:24', 'https://www.reddit.com/r/CryptoCurrency/comments/hrect9/brother_and_i_made_a_bet_a_couple_years_ago/', 'So, my brother and I made a bet after the rise and fall of the 2017 BTC boom. I told him within 3 years we will see the 20k barrier again and cross.\n\nHe’s a no-coiner for sure and thinks its another case of the tulip frenzies.\n\nWell, we have another 7-8 months (March 2021) before I lose this bet. If it does not cross by $1 over $20k.\n\nThe winner gets to pick a street corner for the loser to hold a sign displaying whatever the winner writes for 1 hour.\n\nAt this point, I wonder if its going to be achievable.\n\nWhat are your thoughts?', 'https://www.reddit.com/r/CryptoCurrency/comments/hrect9/brother_and_i_made_a_bet_a_couple_years_ago/', 'hrect9', [['u/jpreddit200', 65, '2020-07-15 08:26', 'https://www.reddit.com/r/CryptoCurrency/comments/hrect9/brother_and_i_made_a_bet_a_couple_years_ago/fy4bjos/', "Yeah it's achievable, you can stand for 1 hour easily, just make sure the sign is a lightweight material otherwise your shoulders will get sore.", 'hrect9'], ['u/buttcoin_lol', 14, '2020-07-15 09:00', 'https://www.reddit.com/r/CryptoCurrency/comments/hrect9/brother_and_i_made_a_bet_a_couple_years_ago/fy4du2r/', "you're going to lose", 'hrect9']]], ['u/blues17sr', 'Brother and I made a bet a couple years ago....', 19, '2020-07-15 03:37', 'https://www.reddit.com/r/Bitcoin/comments/hrejwx/brother_and_i_made_a_bet_a_couple_years_ago/', 'So, my brother and I made a bet after the rise and fall of the 2017 BTC boom. I told him within 3 years we will see the 20k barrier again and cross.\n\nHe’s a no-coiner for sure and thinks its another case of the tulip frenzies.\n\nWell, we have another 7-8 months (March 2021) before I lose this bet. If it does not cross by $1 over $20k.\n\nThe winner gets to pick a street corner for the loser to hold a sign displaying whatever the winner writes for 1 hour.\n\nAt this point, I wonder if its going to be achievable.\n\nWhat are your thoughts?', 'https://www.reddit.com/r/Bitcoin/comments/hrejwx/brother_and_i_made_a_bet_a_couple_years_ago/', 'hrejwx', [['u/ElephantGlue', 16, '2020-07-15 03:43', 'https://www.reddit.com/r/Bitcoin/comments/hrejwx/brother_and_i_made_a_bet_a_couple_years_ago/fy3muup/', 'You need to buy and hodl a shit ton more then to help yourself out.\n\nI’ll help you a little this Friday.', 'hrejwx'], ['u/blues17sr', 13, '2020-07-15 05:04', 'https://www.reddit.com/r/Bitcoin/comments/hrejwx/brother_and_i_made_a_bet_a_couple_years_ago/fy3uwsj/', '“My Brother was right. Bitcoin is the future.”\n\nThe two most painful things he could utter. We always debate on the topic lol.', 'hrejwx'], ['u/ManyArtichoke', 11, '2020-07-15 05:32', 'https://www.reddit.com/r/Bitcoin/comments/hrejwx/brother_and_i_made_a_bet_a_couple_years_ago/fy3xm7m/', 'In 2017 the price went from $9,000 to $20,000 in just over 20 days. You have a chance. He may win the battle but you will win the war.', 'hrejwx']]], ['u/AngusMcFiife', 'After 1.5 wipes, I finally broke 50% SR + Tips for newer players from an FPS noob', 221, '2020-07-15 05:05', 'https://www.reddit.com/r/EscapefromTarkov/comments/hrfv7l/after_15_wipes_i_finally_broke_50_sr_tips_for/', 'I am so stoked about this finally happening! My gaming background is overwhelmingly WoW, RTS, and single player puzzle/questing games (Skyrim, Zelda). My buddies got me into FPS games with COD almost ten years ago, but it was never my thing. My reflexes are inconsistent, my eyes have trouble with making sense of constant movement and noticing tiny pixel details instantly, and I\'m generally slowing down a little over time...but fucking Tarkov. TARKOV!\n\nThis is the first FPS that ever made sense to me. It\'s not purely reflexes, run and gun, spawn die, K/D circle jerking. It\'s okay to literally just hide until enough information is gathered to counter attack. It\'s okay to hide in a bush for 20 minutes while Omega Chad 9000 runs around trying to find you after massacring 3/4 of the team, wait for him to loot, then pop the squash. It\'s okay to retreat and wait for a better fight. Every other FPS game I\'ve played has basically punished intelligent fight tactics and patience, which is totally against how I think and mentally approach that sort of situation.\n\nAfter trying all sorts of styles, I finally found what works for me - I aim for a perfect balance of Rat/Chad. I will NEVER take a fight if I can avoid it, but if the firing starts, I instantly suppressive fire and don\'t worry if I live or die. This has saved my ass countless times since I started doing it. I used to try to turn and run, then die with my back turned most of the time. Most people will panic if their ambush target suddenly unloads a hailstorm of BT ammo at them, and at that point they usually are on the back foot, which is when Chad time happens. Dump grenades, flank with cover, score the kill. If I have the advantage, I hold my fire until it\'s a clean shot, especially against squads. I\'ve been able to wipe duos, trios, and even quads by picking them off one by one instead of trying to be a hero with my spray. Against a quad, when the first guy drops, the other three will usually run to where they think you are and start sweeping like they\'re juggernauts. Pick off another and I almost guarantee one of the rem... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9132.23, 9151.39, 9159.04, 9185.82, 9164.23, 9374.89, 9525.36, 9581.07, 9536.89, 9677.11
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:** ['BERLIN, GERMANY / ACCESSWIRE / July 15, 2020 / dGen released their latest report, "Decentralised Finance: Usecases and Risks for Mass Adoption" This report analyses the current landscape of Decentralised Finance (DeFi), including an in-depth look into the risks and future evolution of the space. A number of notable leaders in DeFi projects, such as Aave, Synthetix, Consensys, Nexus Mutual, have weighed in on both the current state of DeFi and the changes they expect to see in the next 5-10 years. These quotes can be found below. There is also a strong focus on what the impact will be in Europe and for European citizens. Our top predictions for 2030 are: Stablecoins will become a critical component of international payments in Europe and beyond. Major audit firms, such as Deloitte and KPMG, will be a crucial part of the DeFi ecosystem. Effective insurance will make DeFi a trillion dollar industry. Traditional financial institutions in Europe will offer their first DeFi-enabled savings and pension accounts. DeFi will provide income for thousands of gamers, streamers, and influencers. There will be more pain as we grow. Bitcoin was initially hyped as the new money. However, as digital currencies evolve, DeFi has proved that toppling state-controlled financial systems requires a far greater variety of services. DeFi has seen major evolutions in the past two years, from stablecoins providing an alternative to volatile cryptocurrencies to autonomous lending that can function without any intermediaries. However, even with all of these advancements, the sector has taken some hits this year, with a handful of hacks through early 2020. The top issues in Decentralised Finance, as well as current and future solutions necessary to protect early adopters, foster development, and make this industry scalable for mass adoption are all covered in this report. Even while DeFi may not be fully matured, it seems it\'s not yet time to throw the baby out with the bathwater. The rise of these solutions to help protect early adopters along with the high interest rates on DeFi loaning, greater transparency, and peer-to-peer services that allow people to maintain complete ownership of assets throughout financial services, means that many are very excited about this subsector of the blockchain industry succeeding. Story continues This report takes a hard look at what can be done now to mitigate risk when engaging in this young sector, as well as the challenges currently faced and potential fixes to not only make Decentralised Finance viable for the future, but a workable alternative to traditional banking systems for global populations. Quotes Marc Zeller, Integrations Lead, Aave: \'In DeFi, everybody has the same deal. Everything is open source, and the interest rates are the same. If you bring $100 or you bring $1 million, you get exactly the same deal. And that\'s brand new [in financial services]\'. \'In five years, 90% of the users [of DeFi], in terms of individuals, will be liquidity providers looking for a safe haven for their savings. And they will use these kinds of third party applications, super easy to use.\' \'Right now the biggest issue with all DeFi protocols, all users are at the same risk[...] That\'s why with Aave, we are going to launch staking very soon, and put the risk into the end of the LEND token holder.\' \'If we don\'t reach a trillion dollar market in the next 15 years, it\'s a failure.\' \'What prevents a lot of people from getting into DeFi is that they say, \'Yeah, I only make 0.5% a year in my traditional finance saving accounts, but I know that in case of failure, the bank will give me my money back\'. [...] And I think it will be a gamechanger to have an insurance scheme to say, worst-case scenario, your money\'s back. So why stay at 0.5% interest per year?\' Kain Warwick, Founder of Synthetix: \'DeFi still has significant tail risk, so insurance is likely to remain very costly in the short term, but as protocols mature, costs should come down over time, allowing for simpler and more useful insurance to emerge\'. Hugh Karp, Founder of Nexus Mutual: \'I actually think regular people are going to start getting exposed through games or other communities first. Something with tokens underneath that you\'ve earned through participation, which can then lead to exchanging them for digital USD\'. \'As more regular people enter DeFi, protecting users is going to be paramount\'. Piers Ridyard, CEO of Radix: \'The complexity of getting yield via DeFi is going to start to be abstracted away by simple consumer apps that offer competitive rates on their savings, instant liquidity, and *almost* the same degree of deposit protections as their banks provide. From the consumer perspective, this is just going to be another financial app in their phone\'. About dGen dGen is an independent non-profit think tank focusing on how emerging technology can contribute to a decentralised future in Europe and what this might mean for people, society, private entities, and the public sector over the coming decades. dGen works with researchers and strategic partners to produce high-quality research reports about how emerging technologies can impact and shape existing industries. Find all of our reports at www.dgen.org . Press contact: Francisco Rodríguez [email protected] SOURCE: dGen View source version on accesswire.com: https://www.accesswire.com/597641/Think-Tank-Releases-Report-on-the-Future-of-Decentralised-Finance', 'BERLIN, GERMANY / ACCESSWIRE / July 15, 2020 /dGen released theirlatest report, "Decentralised Finance: Usecases and Risks for Mass Adoption"This report analyses the current landscape of Decentralised Finance (DeFi), including an in-depth look into the risks and future evolution of the space.\nA number of notable leaders in DeFi projects, such as Aave, Synthetix, Consensys, Nexus Mutual, have weighed in on both the current state of DeFi and the changes they expect to see in the next 5-10 years. These quotes can be found below.\nThere is also a strong focus on what the impact will be in Europe and for European citizens.\nOur top predictions for 2030 are:\n• Stablecoins will become a critical component of international payments in Europe and beyond.\n• Major audit firms, such as Deloitte and KPMG, will be a crucial part of the DeFi ecosystem.\n• Effective insurance will make DeFi a trillion dollar industry.\n• Traditional financial institutions in Europe will offer their first DeFi-enabled savings and pension accounts.\n• DeFi will provide income for thousands of gamers, streamers, and influencers.\n• There will be more pain as we grow.\nBitcoin was initially hyped as the new money. However, as digital currencies evolve,DeFihas proved that toppling state-controlled financial systems requires a far greater variety of services.\nDeFi has seen major evolutions in the past two years, from stablecoins providing an alternative to volatile cryptocurrencies to autonomous lending that can function without any intermediaries.\nHowever, even with all of these advancements, the sector has taken some hits this year, with a handful of hacks through early 2020. The top issues in Decentralised Finance, as well as current and future solutions necessary to protect early adopters, foster development, and make this industry scalable for mass adoption are all covered in this report.\nEven while DeFi may not be fully matured, it seems it\'s not yet time to throw the baby out with the bathwater. The rise of these solutions to help protect early adopters along with the high interest rates on DeFi loaning, greater transparency, and peer-to-peer services that allow people to maintain complete ownership of assets throughout financial services, means that many are very excited about this subsector of the blockchain industry succeeding.\nThis report takes a hard look at what can be done now to mitigate risk when engaging in this young sector, as well as the challenges currently faced and potential fixes to not only make Decentralised Finance viable for the future, but a workable alternative to traditional banking systems for global populations.\nQuotes\nMarc Zeller, Integrations Lead, Aave:\n\'In DeFi, everybody has the same deal. Everything is open source, and the interest rates are the same. If you bring $100 or you bring $1 million, you get exactly the same deal. And that\'s brand new [in financial services]\'.\n\'In five years, 90% of the users [of DeFi], in terms of individuals, will be liquidity providers looking for a safe haven for their savings. And they will use these kinds of third party applications, super easy to use.\'\n\'Right now the biggest issue with all DeFi protocols, all users are at the same risk[...] That\'s why with Aave, we are going to launch staking very soon, and put the risk into the end of the LEND token holder.\'\n\'If we don\'t reach a trillion dollar market in the next 15 years, it\'s a failure.\'\n\'What prevents a lot of people from getting into DeFi is that they say, \'Yeah, I only make 0.5% a year in my traditional finance saving accounts, but I know that in case of failure, the bank will give me my money back\'. [...] And I think it will be a gamechanger to have an insurance scheme to say, worst-case scenario, your money\'s back. So why stay at 0.5% interest per year?\'\nKain Warwick, Founder of Synthetix:\n\'DeFi still has significant tail risk, so insurance is likely to remain very costly in the short term, but as protocols mature, costs should come down over time, allowing for simpler and more useful insurance to emerge\'.\nHugh Karp, Founder of Nexus Mutual:\n\'I actually think regular people are going to start getting exposed through games or other communities first. Something with tokens underneath that you\'ve earned through participation, which can then lead to exchanging them for digital USD\'.\n\'As more regular people enter DeFi, protecting users is going to be paramount\'.\nPiers Ridyard, CEO **Last 60 Days of Bitcoin's Closing Prices:** [9670.74, 9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85, 9771.49, 9795.70, 9870.09, 9321.78, 9480.84, 9475.28, 9386.79, 9450.70, 9538.02, 9480.25, 9411.84, 9288.02, 9332.34, 9303.63, 9648.72, 9629.66, 9313.61, 9264.81, 9162.92, 9045.39, 9143.58, 9190.85, 9137.99, 9228.33, 9123.41, 9087.30, 9132.49, 9073.94, 9375.47, 9252.28, 9428.33, 9277.97, 9278.81, 9240.35, 9276.50, 9243.61, 9243.21, 9192.84] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-07-16 **Financial & Commodity Data:** - Gold Closing Price: $1798.70 - Crude Oil Closing Price: $40.75 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $169,675,637,944 - Hash Rate: 117268964.179098 - Transaction Count: 345849.0 - Unique Addresses: 709099.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.43 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Bitcoin slid by 4.68% on Thursday. Following on from a 2.74% fall on Wednesday, Bitcoin ended the day at $9,057.1. A bullish start to the day saw Bitcoin rise to an early morning intraday high $9,564.1 before hitting reverse. Falling short of the first major resistance level at $9,796.13, Bitcoin slid to a late intraday low $8,815.3. Bitcoin slid through the first major support level at $9,254.43 and second major support level at $9,006.87 before finding support. Late in the day, Bitcoin broke back through the second major support level to $9,150 levels before easing back. In spite of the late pullback saw Bitcoin steered clear of the second major support level. 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 the 62% FIB of $10,034 to form a near-term bullish trend. The Rest of the Pack Across the rest of the majors, it was a bearish day on Thursday. Cardano’s ADA slid by 8.18% to lead the way down. Bitcoin Cash ABC (-5.01%), EOS (-5.18%), Ethereum (-5.40%), Stellar’s Lumen (-5.98%), Tezos (-6.30%), and Tron’s TRX (-5.35%) also saw particularly heavy losses. Binance Coin (-4.80%), Litecoin (-3.46%), Monero’s XMR (-4.70%), and Ripple’s XRP (-3.51%) weren’t far behind. Bitcoin Cash SV saw a relatively modest 1.93% decline to In the current week, the crypto total market cap rose to a Monday low $268.43bn before falling to a Thursday low $239.96bn. At the time of writing, the total market cap stood at $245.55bn. Bitcoin’s dominance rose to a Monday high 68.31% before falling to a Wednesday low 67.25%. At the time of writing, Bitcoin’s dominance stood at 67.45%. This Morning At the time of writing, Bitcoin was down by 0.59% to $9,004.0. A bearish start to the day saw Bitcoin fall from an early morning high $9,060.2 to a low $8,975.0 Bitcoin left the major support and resistance levels untested early on. Story continues Elsewhere, it was also a bearish start to the day. Bitcoin Cash SV and Cardano’s ADA led the way down, with losses of 1.26% and 1.04% respectively. For the Bitcoin Day Ahead Bitcoin would need to move back through to $9,150 levels to bring the first major resistance level at $9,475.7 into play. Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $9,060.2. Barring an extended crypto rebound, the first major resistance level would likely limit any upside. In the event of a broad-based crypto rally, resistance at $9,500 would likely leave Bitcoin short of the second major resistance level at $9,894.3. Failure to move back through to $9,150 levels could see Bitcoin spend a 3 rd consecutive day in the red. A fall back through Thursday’s low $8,815.3 would bring the first major support level at $8,726.9 into play. Barring another extended crypto sell-off, however, Bitcoin should steer clear of the second major support level at $8,396.7. This article was originally posted on FX Empire More From FXEMPIRE: Gold Price Futures (GC) Technical Analysis – Sustained Move Under $1727.50 Could Trigger Break into $1682.40 Gold Price Forecast – Gold Markets Break Down Natural Gas Price Forecast – Natural Gas Markets Drift Lower Silver Price Forecast – Silver Markets Get Hammered Natural Gas Price Fundamental Daily Forecast – EIA Build Comes in as Expected EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 22/05/20... - 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.
9151.39, 9159.04, 9185.82, 9164.23, 9374.89, 9525.36, 9581.07, 9536.89, 9677.11, 9905.17
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:** ['A number of high-profile Twitter ( TWTR ) accounts were the subject of a massive hack Wednesday afternoon in what appears to be a Bitcoin scam targeting verified users. At 4:17 p.m., the account of Tesla ( TSLA ) CEO Elon Musk tweeted out a message asking people to send him a payment in Bitcoin, and in return, he would return double that amount: “I‘m feeling generous because of Covid-19. I’ll double any BTC payment sent to my BTC address for the next hour. Good luck, and stay safe out there!” 50 Top Stock Picks That Billionaires Love The tweet was deleted minutes later, but it was replaced by another similar one: Over the next hour, a number of other major accounts were targeted, including Microsoft ( MSFT ) founder Bill Gates, who tweeted out a message with the same Bitcoin wallet address as the second Musk tweet. Among the other accounts that appear to have been hacked: Former President Barack Obama Presidential candidate Joe Biden Berkshire Hathaway ( BRK.B ) CEO Warren Buffett Amazon.com ( AMZN ) CEO Jeff Bezos Rapper Kanye West Boxer Floyd Mayweather The official Apple ( AAPL ) Twitter handle Former New York City mayor Michael Bloomberg Digital currency exchange Coinbase Twitter has written on its support account that "We are aware of a security incident impacting accounts on Twitter. We are investigating and taking steps to fix it. We will update everyone shortly." The company reportedly stopped verified accounts from being able to tweet as it investigated the situation. Later Thursday, Motherboard reported that, according to leaked screenshots and a pair of anonymous sources, a Twitter insider gave the hackers access. "We used a rep that literally done all the work for us," one source told Motherboard. Twitter later confirmed that they thought insiders facilitated the attack. 14 Best Tech Stocks That Aren\'t on Your Radar "We detected what we believe to be a coordinated social engineering attack by people who successfully targeted some of our employees with access to internal systems and tools," the company tweeted. "We know they used this access to take control of many highly-visible (including verified) accounts and Tweet on their behalf. We’re looking into what other malicious activity they may have conducted or information they may have accessed." Story continues Users of the social media platform are strongly advised not to send payments to any wallet addresses seemingly associated with the Twitter hack. TWTR shares were down 3% in after-hours trading in response to the developing event. 19 of the Best Stocks You\'ve Never Heard Of', 'A number of high-profile Twitter ( TWTR ) accounts were the subject of a massive hack Wednesday afternoon in what appears to be a Bitcoin scam targeting verified users. At 4:17 p.m., the account of Tesla ( TSLA ) CEO Elon Musk tweeted out a message asking people to send him a payment in Bitcoin, and in return, he would return double that amount: “I‘m feeling generous because of Covid-19. I’ll double any BTC payment sent to my BTC address for the next hour. Good luck, and stay safe out there!” 50 Top Stock Picks That Billionaires Love The tweet was deleted minutes later, but it was replaced by another similar one: Over the next hour, a number of other major accounts were targeted, including Microsoft ( MSFT ) founder Bill Gates, who tweeted out a message with the same Bitcoin wallet address as the second Musk tweet. Among the other accounts that appear to have been hacked: Former President Barack Obama Presidential candidate Joe Biden Berkshire Hathaway ( BRK.B ) CEO Warren Buffett Amazon.com ( AMZN ) CEO Jeff Bezos Rapper Kanye West Boxer Floyd Mayweather The official Apple ( AAPL ) Twitter handle Former New York City mayor Michael Bloomberg Digital currency exchange Coinbase Twitter has written on its support account that "We are aware of a security incident impacting accounts on Twitter. We are investigating and taking steps to fix it. We will update everyone shortly." The company reportedly stopped verified accounts from being able to tweet as it investigated the situation. Later Thursday, Motherboard reported that, according to leaked screenshots and a pair of anonymous sources, a Twitter insider gave the hackers access. "We used a rep that literally done all the work for us," one source told Motherboard. Twitter later confirmed that they thought insiders facilitated the attack. 14 Best Tech Stocks That Aren\'t on Your Radar "We detected what we believe to be a coordinated social engineering attack by people who successfully targeted some of our employees with access to internal systems and tools," the company tweeted. "We know they used this access to take control of many highly-visible (including verified) accounts and Tweet on their behalf. We’re looking into what other malicious activity they may have conducted or information they may have accessed." Story continues Users of the social media platform are strongly advised not to send payments to any wallet addresses seemingly associated with the Twitter hack. TWTR shares were down 3% in after-hours trading in response to the developing event. 19 of the Best Stocks You\'ve Never Heard Of', 'Binance is looking to consolidate more bitcoin mining hashrate to its pool in Russia and the Central Asia region. The world\x92s largest crypto exchange is deploying a physical server node for its pool at BitRiver, the largest bitcoin mining hosting provider in Bratsk, Russia. The move would give miner owners at BitRiver who choose to switch to Binance a better connection and direct route to its mining pool, the two firms said in an announcement Friday. In return, Binance would gain exposure and access to customers who run their machines at BitRiver, which currently operates mining facilities at a capacity of 70 megawatt (MW) out of a full capacity of 100 MW. Related: Malaysia Crackdown Unlikely to Affect Binance, eToro According to the Bitcoin mining map compiled by the Center for Alternative Finance , affiliated with the University of Cambridge, the current monthly average hashrate from miners in Russia is at 6.08% of the network\x92s total, with a slight growth from 5.93% that was reported in September 2019. See also: Bitcoin Mining Difficulty Sets New Record High 2 Months After Halving Similarly, miners in Kazakhstan are estimated to contribute to 3.14% of Bitcoin\x92s total hashrate, which has grown from 1.42% that was recorded in Q3 last year. Meanwhile, the map shows China\x92s average Bitcoin hashrate dominance has dropped slightly from 75% recorded in Q3 2019 to now 71%. Currently, nine out the 10 biggest bitcoin mining pools by hash rate are either home-grown companies in China or owned by crypto exchanges with strong roots in the Chinese market. Related: Binance CEO Criticizes Twitter Security After Coordinated Attack on Prominent Accounts If assuming on average customers at BitRiver are using relatively more state-of-the-art bitcoin mining machines, like Bitmain\x92s AntMiner S17s or equivalent models with an efficiency level of about 50 watt per terahash second (W/T), BitRiver\x92s bitcoin mining farms could boast a total hashrate of over 1,000 petahash per second (PH/s). Story continues While that level of hashrate may only account for about 1% of the total computing power on Bitcoin, the deal underscores Binance\x92s strategy of absorbing bitcoin miners in different regions \x96 with somewhat aggressive pricing plans since its launch \x96 into its exchange functions, including spots, futures and margin trading. \x93Binance Pool offers a highly competitive fee structure to institutional-scale miners, who are the customers of our data center,\x94 Igor Runets, CEO at BitRiver said in the announcement. He estimates that up to 50% of the farms\x92 hashrate from its customers may switch to Binance Pool, following the deal. These clients will mostly switch from the Bitmain controlled BTC.com pool, Runets added. The two parties did not disclose whether or how Binance is offering discounted fees to attract customers at BitRiver. But lower-than-market rate is one of the key measures that Binance has taken to stir up the Bitcoin mining pool competition even though the revenue made from such business is negligible compared to its trading side. Binance is also reaching out to the miners in Kazakhstan, two of them told CoinDesk. See also: Bitcoin Miner Maker Canaan Drops 3 Directors in Possible Boardroom Coup The exchange rolled out its bitcoin mining service in late April, has amassed around 7,000 PH/s of bitcoin hashrate and is currently the eighth-biggest bitcoin mining pool, following its competitors Huobi and OKEx. It adopted the so called Fully-Pay-Per-Share (FPPS) model and initially offered zero fees and right now charges less than 2.5%. But in some cases, the fee offered to large-scale miner operators can be below 1%. Meanwhile, other major bitcoin mining pools like F2Pool and PoolIn have reduced their fees from previously 4% to 2.5%, although larger customers also do have the flexibility of a further discount. The FPPS model means a pool only charges an agreed fee for the block subsidy in every block it mined and then distribute the block subsidies as well as transaction fees to miners proportionally based on their contribution. Based on a Binance Pool business proposal deck CoinDesk obtained, the exchange categorizes its miner customers into nine levels. Those with over 500 PH/s are labeled as VIP9, the highest ranking, which would equal to a VIP9 in its trading business, who are offered an exchange trading fee of as low as 0.015%. Bitcoin blockchain data shows Binance Pool has mined 485 blocks as of writing since it went live with total block subsidies of over 3,000 bitcoin. Even at a 2.5% fee, the fees generated would be around half a million dollars. Anna Baydakova contributed reporting. Related Stories Binance Pool Poised to Grab More Bitcoin Hashrate in Russia and Central Asia Binance Pool Poised to Grab M **Last 60 Days of Bitcoin's Closing Prices:** [9726.58, 9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85, 9771.49, 9795.70, 9870.09, 9321.78, 9480.84, 9475.28, 9386.79, 9450.70, 9538.02, 9480.25, 9411.84, 9288.02, 9332.34, 9303.63, 9648.72, 9629.66, 9313.61, 9264.81, 9162.92, 9045.39, 9143.58, 9190.85, 9137.99, 9228.33, 9123.41, 9087.30, 9132.49, 9073.94, 9375.47, 9252.28, 9428.33, 9277.97, 9278.81, 9240.35, 9276.50, 9243.61, 9243.21, 9192.84, 9132.23] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-07-17 **Financial & Commodity Data:** - Gold Closing Price: $1808.30 - Crude Oil Closing Price: $40.59 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $169,675,637,944 - Hash Rate: 101748071.861276 - Transaction Count: 293907.0 - Unique Addresses: 629600.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.41 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Cannabis technology company14th Round Inc.has hiredPaul Bozokias its new chief financial officer, ahead of a planned initial public offering. Bozoki brings 25 years of experience working in various financial roles at publicly traded and private, pre-IPO companies. 14th Round has worked with leading cannabis brands like Kiva, 710 Labs, dosist, Kolab, Pacific Stone and Select. Trent Overholt, CEO of the 14th Round, told Benzinga, “Paul’s track record in pre-IPO financial planning and his deep understanding of the capital markets investment landscape will be of great value to 14th Round as we head towards our next phase of growth. “His belief in the success we’ve achieved thus far, our innovative capabilities, and in the tremendous opportunities that lie ahead within the industry will be key in executing our plans and achieving our goals,” he added. Bozoki will focus on further developing the company and positioning it for its public listing, Overholt explained. Commenting on his appointment, the new CFO told Benzinga, “I firmly believe the cannabis industry is poised for a long term growth cycle and 14th Round has the technology, products and team to successfully exploit the new market opportunity cannabis legalization has provided.  I am excited to work with Trent and the rest of the team to prepare 14th Round for its public listing and then grow our business from a position of strength.” Prior to joining 14th Round, Bozoki served as CFO for Desert Lion Energy Inc., and worked at Ernst & Young and Acasta Enterprises Inc. Meanwhile, the company has tapped Bayline Capital Partners Inc. to manage the IPO process. Based in Toronto, Bayline is known for advising high growth companies seeking a public listing both in Canada and in the United States. Courtesy photo. See more from Benzinga • ESPAÑOL • Especial Pride 2020 – Cannabis y Psicodélicos: Laganja Estranja, Megan Rapinoe, Emily Eizen, Luanda, y Más • ESPAÑOL • Cannabis y Noticias de la Semana: Acciones en Rojo, Canopy Growth, Acreage Holdings, Aurora Cannabis, y Más • ESPAÑOL • Análisis de Acreage Holdings, Bitcoin 101, Expansión de Canopy Growth, Marihuana y Coronavirus, y Más © 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.... - Reddit Posts (Sample): [['u/Dripsha', 'Something is very sketchy right now', 31, '2020-07-17 00:37', 'https://www.reddit.com/r/Vechain/comments/hsk116/something_is_very_sketchy_right_now/', 'Multiple youtube channels are airing a "live stream" with Sunny but seems like a similar scam to the BTC Scam yesterday. All of these Youtube Channels now have the name "VeChain Foundation". Be careful, brothers and sisters.\n\n&amp;#x200B;\n\n[Scratched out QR for community safety](https://preview.redd.it/rwann1wgrab51.png?width=1917&amp;format=png&amp;auto=webp&amp;s=bc00c05baa2103f2e681753b90b39fe1cf40ddf1)\n\n&amp;#x200B;\n\nhttps://preview.redd.it/9d7ck824sab51.png?width=693&amp;format=png&amp;auto=webp&amp;s=83d478753d9fb1b04fb9dea9aad07a0bf92c97cf\n\n&amp;#x200B;\n\nhttps://preview.redd.it/o79kqgm6sab51.png?width=681&amp;format=png&amp;auto=webp&amp;s=b01a3fab65d87aea0877e0342fc4088c488a8f60', 'https://www.reddit.com/r/Vechain/comments/hsk116/something_is_very_sketchy_right_now/', 'hsk116', [['u/fkjchon', 17, '2020-07-17 00:47', 'https://www.reddit.com/r/Vechain/comments/hsk116/something_is_very_sketchy_right_now/fyawiom/', 'I like how the first image asks you to send 5m VET only to get 1m back.', 'hsk116'], ['u/heinouslol', 10, '2020-07-17 01:16', 'https://www.reddit.com/r/Vechain/comments/hsk116/something_is_very_sketchy_right_now/fyazp4q/', 'Report them. Very easy to find and the report button is right next to the dislike button.', 'hsk116'], ['u/skoold2003', 27, '2020-07-17 02:28', 'https://www.reddit.com/r/Vechain/comments/hsk116/something_is_very_sketchy_right_now/fyb7dbt/', "There's scams in VET now? I guess that means it's becoming a more legit coin..", 'hsk116']]], ['u/TheOriginalSoni2', 'As is Tradition - A list of all "Literally no damage" memes till 7.27b', 660, '2020-07-17 01:23', 'https://www.reddit.com/r/DotA2/comments/hskryq/as_is_tradition_a_list_of_all_literally_no_damage/', '* [6.77](https://dota2.gamepedia.com/December_19,_2012_Patch) - Dec 19 2012 - [Doom](https://www.reddit.com/r/DotA2/comments/150fx1/doom_now_has_too_much_armor/) - OG Comic by Bleako\n\n* [6.79](https://dota2.gamepedia.com/October_21,_2013_Patch) - Oct 21 2013 - [Doom (Ice Armor)](https://www.reddit.com/r/DotA2/comments/1rdw53/literally_taking_no_damage/) and [Necrophos](https://www.reddit.com/r/DotA2/comments/34bkg1/no_1_armor_this_patch/)\n\n* [6.80](https://dota2.gamepedia.com/January_29,_2014_Patch) - Jan 29 2014 - [Sven](https://www.reddit.com/r/DotA2/comments/1wb4n6/literally_taking_no_damage/)\n\n* [6.81](https://dota2.gamepedia.com/April_29,_2014_Patch) - Apr 26 2014 - [Ogre Magi](https://www.reddit.com/r/DotA2/comments/23zwzj/i_guess_this_never_gets_old_literally_unplayable/)\n\n* [6.82](https://dota2.gamepedia.com/September_25,_2014_Patch) - Sept 25 2014 - [Omniknight](https://www.reddit.com/r/DotA2/comments/34bkg1/no_1_armor_this_patch/)\n\n* [6.83](https://dota2.gamepedia.com/December_17,_2014_Patch) - Dec 17 2014 - [Dark Seer](https://www.reddit.com/r/DotA2/comments/3mbdpw/its_all_ogre/cve0hcc/) and [Also Dark Seer](https://www.reddit.com/r/DotA2/comments/3aeefj/dark_seer_armor_discrepancy/csbtc0x/) and [Undying Tombstone](https://www.reddit.com/r/DotA2/comments/2pfnu6/tombstone_literally_taking_no_damage/)\n\n* [6.84](https://dota2.gamepedia.com/April_30,_2015_Patch) - Apr 30 2015 - [Luna](https://www.reddit.com/r/DotA2/comments/3448l1/luna_now_literally_takes_no_damage/) and [Also Luna](https://www.reddit.com/r/DotA2/comments/34nzqr/literally_no_damage/)\n\n* [6.85](https://dota2.gamepedia.com/September_24,_2015_Patch) - Sept 24 2015 - [Ogre Magi](https://www.reddit.com/r/DotA2/comments/3mbdpw/its_all_ogre/)\n\n* [7.06d](https://dota2.gamepedia.com/June_11,_2017_Patch) - June 11 2017 - [Undying](https://www.reddit.com/r/DotA2/comments/6gms6v/hes_taking_literally_no_damage/)\n\n* [7.12](https://dota2.gamepedia.com/March_29,_2018_Patch) - Mar 29, 2018 - [Ember](https://www.reddit.com/r/DotA2/comments/882gps/literally_taking_no_damage/)\n\n* [7.14](https://dota2.gamepedia.com/April_26,_2018_Patch) - Apr 26 2018 - [Crystal Maiden](https://www.reddit.com/r/DotA2/comments/8f343x/literally_no_damage/)\n\n* [7.16](https://dota2.gamepedia.com/May_27,_2018_Patch) - May 27 2018 - [Earthshaker](https://www.reddit.com/r/DotA2/comments/8mjnph/earthshakers_taking_literally_no_damage/) and [Clinkz (strafe)](https://www.reddit.com/r/DotA2/comments/8mjhx3/literally_no_damage/)\n\n* [7.17](https://dota2.gamepedia.com/June_10,_2018_Patch) - June 10 2018 - [Clinkz](https://www.reddit.com/r/DotA2/comments/8q1g2v/literally_taking_no_damage/) and [Riki](https://www.reddit.com/r/DotA2/comments/8q2qtb/717_in_a_nutshell/)\n\n* [7.18](https://dota2.gamepedia.com/June_25,_2018_Patch) - June 26 2018 - [Meepo](https://www.reddit.com/r/DotA2/comments/8tzz49/literally_taking_nno_damage/)\n\n* [7.19](https://dota2.gamepedia.com/July_29,_2018_Patch) - July 30 2018 - [Shadow Shaman](https://www.reddit.com/r/DotA2/comments/92z3la/literally_taking_no_damage/)\n\n* [7.20](https://dota2.gamepedia.com/November_19,_2018_Patch) - Nov 19 2018 - [Doom (regen)](https://www.reddit.com/r/DotA2/comments/9zvqdo/taking_literally_no_damage/) and [Slardar](https://www.reddit.com/r/DotA2/comments/a1e4x1/new_slardar_buff/) and [Shadow Fiend](https://www.reddit.com/r/DotA2/comments/9ynzab/patchly_meme_update_literally_taking_no_damage/)\n\n* [7.20c](https://dota2.gamepedia.com/November_24,_2018_Patch) - Nov 24 2018 - [Enchantress](https://www.reddit.com/r/DotA2/comments/a1e4x1/new_slardar_buff/eappfja/) and [Lina](https://www.reddit.com/r/DotA2/comments/a01w61/720c_lina_cannot_die/)\n\n* [7.20e](https://dota2.gamepedia.com/December_09,_2018_Patch) - Dec 9 2018 - [Lina/SF/Puck (combined)](https://www.reddit.com/r/DotA2/comments/a4tjbl/theres_a_lotta_1_this_time_around/)\n\n* [7.21](https://dota2.gamepedia.com/January_29,_2019_Patch) - Jan 29 2019 - [Disruptor](https://www.reddit.com/r/DotA2/comments/al3zbx/literally_taking_no_damage/) and [Crystal Maiden](https://www.reddit.com/r/DotA2/comments/al7kop/literally_taking_no_damage_cm_version/)\n\n* [7.21 fix](https://dota2.gamepedia.com/February_09,_2019_Patch) - Feb 9 2019 - [Disruptor (wrong notes)](https://www.reddit.com/r/DotA2/comments/aon122/disruptor_literally_taking_no_damage_oh_wait/)\n\n* [7.21b](https://dota2.gamepedia.com/February_16,_2019_Patch) - Feb 16 2019 - [Slark](https://www.reddit.com/r/DotA2/comments/arhcm2/literally_taking_no_damage/)\n\n* [7.21d](https://dota2.gamepedia.com/March_24,_2019_Patch) - Mar 25 2019 - [Omniknight](https://www.reddit.com/r/DotA2/comments/b52r9x/literally_taking_no_damage/) and [QoP of Pain](https://www.reddit.com/r/DotA2/comments/b52r9x/literally_taking_no_damage/ejauhcy/) and [Earthshaker](https://www.reddit.com/r/DotA2/comments/b539eu/new_op_hero_coming_in/)\n\n* [7.22](https://dota2.gamepedia.com/May_24,_2019_Patch) - May 24 2019 - [Clockwerk](https://www.reddit.com/r/DotA2/comments/bsps1t/literally_taking_no_damage/)\n\n* [7.22c](https://dota2.gamepedia.com/June_09,_2019_Patch) - June 9 2019 - [Treant Protector](https://www.reddit.com/r/DotA2/comments/byts40/as_is_tradition/) and [Bloodseeker](https://www.reddit.com/r/DotA2/comments/byt7cl/how_does_valve_keep_making_this_mistake/)\n\n* [7.22d](https://dota2.gamepedia.com/June_30,_2019_Patch) - June 30 2019 - [Enchantress](https://www.reddit.com/r/DotA2/comments/c7hzq9/literally_no_damage/) and [Bloodseeker](https://www.reddit.com/r/DotA2/comments/c7i7py/literally_taking_no_damage_722d/)\n\n* [Summer Scrub](https://dota2.gamepedia.com/August_08,_2019_Patch) - Aug 8 2019 - [Custom Grid](https://www.reddit.com/r/DotA2/comments/condwz/literally_no_damage/)\n\n* [7.23](https://dota2.gamepedia.com/November_26,_2019_Patch) - Nov 26 2019 - [Rubick](https://www.reddit.com/r/DotA2/comments/e27c9c/literally_taking_no_damage/)\n\n* [7.23b](https://dota2.gamepedia.com/November_29,_2019_Patch) - Nov 29 2019 - [Morphling](https://www.reddit.com/r/DotA2/comments/e3vj06/literally_no_damage/) and [Rubick](https://www.reddit.com/r/DotA2/comments/e3z6qc/literally_no_damage_v20/)\n\n* [7.23c](https://dota2.gamepedia.com/December_06,_2019_Patch) - Dec 6 2019 - [Phoenix](https://www.reddit.com/r/DotA2/comments/e7b5oq/literally_no_damage_723c/) and [Lone Druid (dmg)](https://www.reddit.com/r/DotA2/comments/e7gd46/literally_no_damage_723c_alternate_edition/) and [Monkey King](https://www.reddit.com/r/DotA2/comments/e7barq/literally_no_damage/)\n\n* [7.24](https://dota2.gamepedia.com/January_26,_2020_Patch) - Jan 26 2020 - [Witch Doctor](https://www.reddit.com/r/DotA2/comments/eue57s/literally_no_damage/) and [Tidehunter (int)](https://www.reddit.com/r/DotA2/comments/ex1p0d/its_tradition_at_this_point_now/)\n\n* [7.25a](https://dota2.gamepedia.com/March_18,_2020_Patch) - Mar 18 2020 - [Ogre Magi (reduced armor)](https://www.reddit.com/r/DotA2/comments/fklosm/literally_taking_damage/) and [Visage](https://www.reddit.com/r/DotA2/comments/fkjzxf/literally_no_damage_no_really/)\n\n* [7.26a](https://dota2.gamepedia.com/April_21,_2020_Patch) - Apr 21 2020 - [Drow Ranger (new morph who dis)](https://www.reddit.com/r/DotA2/comments/g5mrrn/as_per_tradition/)\n\n* [7.26b](https://dota2.gamepedia.com/April_28,_2020_Patch) - Apr 28 2020 - [Tier 2 Tower](https://www.reddit.com/r/DotA2/comments/g9qp1z/old_tradition_new_patch/)\n\n* [7.26c](https://dota2.gamepedia.com/May_02,_2020_Patch) - May 2 2020 - [Shadow Shaman](https://www.reddit.com/r/DotA2/comments/gchh30/tis_the_season/)\n\n* [7.27b](https://dota2.gamepedia.com/July_15,_2020_Patch) - July 15 2020 - [Arc Warden](https://www.reddit.com/r/DotA2/comments/hrxzif/727b_as_per_tradition_but_with_slightly_more/) and [Drow Ranger](https://www.reddit.com/r/DotA2/comments/hrzpe1/im_literally_taking_no_damage/) and [Doom](https://www.reddit.com/r/DotA2/comments/hs4nk8/literally_taking_no_damage_full_circle_definitely/)\n\n* E : [7.27d](https://dota2.gamepedia.com/August_26,_2020_Patch) - Aug 26 2020 - [Luna](https://www.reddit.com/... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9159.04, 9185.82, 9164.23, 9374.89, 9525.36, 9581.07, 9536.89, 9677.11, 9905.17, 10990.87
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast. **Today's Key News:** ['Bitcoin, BTC to USD, rose by 0.19% on Friday. Partially reversing a 0.66% fall from Thursday, Bitcoin ended the day at $9,167.3. It was a bearish start to the day. Bitcoin fell to a mid-morning intraday low $9,102.1 before making a move. Steering clear of the first major support level at $9,041.73, Bitcoin rose to a mid-day intraday high $9,194.0. Falling short of the first major resistance level at $9,242.33, Bitcoin fell back to $9,141 levels before finding support. Bitcoin briefly revisited $9,190 levels before easing back. The near-term bullish trend remained intact in spite of the early July pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was yet another mixed day on Friday. Stellar’s Lumen and Tezos rose by 2.22% and by 2.34% to lead the way. Tron’s TRX (+0.19%) also joined Bitcoin in the green. It was a bearish day for the rest of the majors. Cardano’s ADA led the way down, falling by 2.95%. Binance Coin (-0.58%), Bitcoin Cash ABC (-0.24%), Bitcoin Cash SV (-0.43%), EOS (-0.19%), Ethereum (-0.33%), Litecoin (-0.45%), Monero’s XMR (-0.13%), and Ripple’s XRP (-0.03%) also saw red. In the current week, the crypto total market cap rose to a Monday high $273.18bn before falling to a Thursday low $258.89bn. At the time of writing, the total market cap stood at $264.46bn. Bitcoin’s dominance fell to a Monday low 63.09% before rising to a Thursday high 64.28%. At the time of writing, Bitcoin’s dominance stood at 63.80%. This Morning At the time of writing, Bitcoin was flat at $9,167.5. A mixed start to the day saw Bitcoin rise to an early morning high $9,175.0 before falling to a low $9,163.3. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was another mixed start to the day. Bitcoin Cash SV (-0.67%), Cardano’s ADA (-1.06%), Monero’s XMR (-0.50%), Stellar’s Lumen (-3.46%), Tezos (-1.72%), and Tron’s TRX (-0.15%) saw red early on. Story continues Binance Coin (+0.26%), EOS (+0.08%), Ethereum (+0.11%), Litecoin (+0.10%), and Ripple’s XRP (+0.33%) found early support. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the $9,155 pivot to support a run at the first major resistance level at $9,206.83. Support from the broader market would be needed, however, for Bitcoin to break out from Friday’s high $9,194.0. Barring an extended crypto rally, the first major resistance level and Friday’s high would likely cap any upside. In the event of a crypto breakout, Bitcoin should break through the second major resistance level at $9,246.37. Resistance at $9,300 would likely cap any upside. Failure to avoid a fall through the $9,155 pivot level would bring the first major support level at $9,114.93 into play. Barring an extended crypto sell-off, however, Bitcoin should avoid sub-$9,000 levels. The second major support level at $9,062.57 should limit any downside. This article was originally posted on FX Empire More From FXEMPIRE: The Weekly Wrap – Economic Data and COVID-19 News Drives the Markets US Stock Market Overview – Stocks Close Mixed for the Day and the Week Crude Oil Weekly Price Forecast – Crude Oil Markets Continue to Squeeze Higher Gold Price Prediction – Prices Rise and Finish the Week up 0.66% S&P 500 Price Forecast – Stock Markets Continue to See Bullish Pressure Natural Gas Price Prediction – Prices Fall 5% for the Week Despite lower Rig Count', 'Bitcoin, BTC to USD, rose by 0.19% on Friday. Partially reversing a 0.66% fall from Thursday, Bitcoin ended the day at $9,167.3. It was a bearish start to the day. Bitcoin fell to a mid-morning intraday low $9,102.1 before making a move. Steering clear of the first major support level at $9,041.73, Bitcoin rose to a mid-day intraday high $9,194.0. Falling short of the first major resistance level at $9,242.33, Bitcoin fell back to $9,141 levels before finding support. Bitcoin briefly revisited $9,190 levels before easing back. The near-term bullish trend remained intact in spite of the early July pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was yet another mixed day on Friday. Stellar’s Lumen and Tezos rose by 2.22% and by 2.34% to lead the way. Tron’s TRX (+0.19%) also joined Bitcoin in the green. It was a bearish day for the rest of the majors. Cardano’s ADA led the way down, falling by 2.95%. Binance Coin (-0.58%), Bitcoin Cash ABC (-0.24%), Bitcoin Cash SV (-0.43%), EOS (-0.19%), Ethereum (-0.33%), Litecoin (-0.45%), Monero’s XMR (-0.13%), and Ripple’s XRP (-0.03%) also saw red. In the current week, the crypto total market cap rose to a Monday high $273.18bn before falling to a Thursday low $258.89bn. At the time of writing, the total market cap stood at $264.46bn. Bitcoin’s dominance fell to a Monday low 63.09% before rising to a Thursday high 64.28%. At the time of writing, Bitcoin’s dominance stood at 63.80%. This Morning At the time of writing, Bitcoin was flat at $9,167.5. A mixed start to the day saw Bitcoin rise to an early morning high $9,175.0 before falling to a low $9,163.3. Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was another mixed start to the day. Bitcoin Cash SV (-0.67%), Cardano’s ADA (-1.06%), Monero’s XMR (-0.50%), Stellar’s Lumen (-3.46%), Tezos (-1.72%), and Tron’s TRX (-0.15%) saw red early on. Story continues Binance Coin (+0.26%), EOS (+0.08%), Ethereum (+0.11%), Litecoin (+0.10%), and Ripple’s XRP (+0.33%) found early support. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the $9,155 pivot to support a run at the first major resistance level at $9,206.83. Support from the broader market would be needed, however, for Bitcoin to break out from Friday’s high $9,194.0. Barring an extended crypto rally, the first major resistance level and Friday’s high would likely cap any upside. In the event of a crypto breakout, Bitcoin should break through the second major resistance level at $9,246.37. Resistance at $9,300 would likely cap any upside. Failure to avoid a fall through the $9,155 pivot level would bring the first major support level at $9,114.93 into play. Barring an extended crypto sell-off, however, Bitcoin should avoid sub-$9,000 levels. The second major support level at $9,062.57 should limit any downside. This article was originally posted on FX Empire More From FXEMPIRE: The Weekly Wrap – Economic Data and COVID-19 News Drives the Markets US Stock Market Overview – Stocks Close Mixed for the Day and the Week Crude Oil Weekly Price Forecast – Crude Oil Markets Continue to Squeeze Higher Gold Price Prediction – Prices Rise and Finish the Week up 0.66% S&P 500 Price Forecast – Stock Markets Continue to See Bullish Pressure Natural Gas Price Prediction – Prices Fall 5% for the Week Despite lower Rig Count', 'Ever sinceWednesday’s “bitcoin scam” hackwhere attackers used Twitter’s internal tools to take over a number of high profile accounts, there’s been speculation about what they were truly after.\nWhile tweets from hijacked accounts claimed to seek Bitcoin, the accounts accessed — and any others potentially accessed —could be far more valuable for the non-public information they contain, like linked address books and direct messages. As far as we know, that includes information for people like Joe Biden, Barack Obama, Elon Musk, Bill Gates and Warren Buffett, but those are only the ones we know about.\nLate Friday night,Twitter confirmedthat its investigation shows attackers exported the data on “up to eight of the accounts involved,” without specifying which ones (in alater tweet, the company indicated that none of the eight were Verified accounts). Of the 130 that it had previously said were targeted, Twitter now says the attackers performed a password reset and were able to access 45 of them, but did not specify why they may not have done so on the the others.\nMultiple reports, including one on Friday afternoon from theNew York Times, have featured accounts from posters on the “OGUsers” gray market forum where high-profile accounts are sometimes traded. By the accounts of their sources, an unknown person going by the name of “Kirk” claimed to be a Twitter employee and offered takeovers on any account, working at times via middle men, and collecting money via the same address advertised in the tweets. According to some of the customers and middlemen from the incident, they apparently believe Kirk accessed Twitter’s internal Slack channels, and found credentials for its internal admin tools there.\nTwitter’s own accounting of the incident isn’t any clearer, simply stating “The attackers successfully manipulated a small number of employees and used their credentials to access Twitter’s internal systems, including getting through our two-factor protections.”', 'Ever since Wednesday’s “bitcoin scam” hack where attackers used Twitter’s internal tools to take over a number of high profile accounts, there’s been speculation about what they were truly after. While tweets from hijacked accounts claimed to seek Bitcoin, the accounts accessed — and any others potentially accessed — could be far more valuable for the non-public information they contain , like linked address books and direct messages. As far as we know, that includes information for people like Joe Biden, Barack Obama, Elon Musk, Bill Gates and Warren Buffett, but those are only the ones we know about. Our investigation and cooperation with law enforcement continues, and we remain committed to sharing any updates here. More to come via @TwitterSupport as our investigation continues. — Twitter Support (@TwitterSupport) July 18, 2020 Late Friday night, Twitter confirmed that its investigation shows attackers exported the data on “up to eight of the accounts involved,” **Last 60 Days of Bitcoin's Closing Prices:** [9729.04, 9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85, 9771.49, 9795.70, 9870.09, 9321.78, 9480.84, 9475.28, 9386.79, 9450.70, 9538.02, 9480.25, 9411.84, 9288.02, 9332.34, 9303.63, 9648.72, 9629.66, 9313.61, 9264.81, 9162.92, 9045.39, 9143.58, 9190.85, 9137.99, 9228.33, 9123.41, 9087.30, 9132.49, 9073.94, 9375.47, 9252.28, 9428.33, 9277.97, 9278.81, 9240.35, 9276.50, 9243.61, 9243.21, 9192.84, 9132.23, 9151.39] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-07-18 **Financial & Commodity Data:** - Gold Closing Price: $1808.30 - Crude Oil Closing Price: $40.59 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $169,171,144,700 - Hash Rate: 112095333.40649 - Transaction Count: 311022.0 - Unique Addresses: 632584.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.44 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: Hackers took control of Twitter accounts belonging to top companies and leaders throughout the business, tech and political landscape on Wednesday in an apparent scheme to steal Bitcoin from their unsuspecting followers. The hacked accounts sent out tweets soliciting the public to send bitcoin to a specific address. Tyler and Cameron Winklevoss, co-founders of cryptocurrency exchange Gemini, first raised alarms about the hack, tweeting “ALL MAJOR CRYPTO TWITTER ACCOUNTS HAVE BEEN COMPROMISED.” CORONAVIRUS PROMPTS SONY TO BOOST PLAYSTATION5 PRODUCTION BY 50 PERCENT “We are aware of a security incident impacting accounts on Twitter," the social media platform said in a statement. "We are investigating and taking steps to fix it. We will update everyone shortly.” JOE BIDEN, JEFF BEZOS AMONG APPARENT HACKING VICTIMS IN BITCOIN TWEET SCAM Bitcoin transactions are irreversible. Anyone who deposits cryptocurrency in a bitcoin wallet would be unable to recover their money unless the recipient opted to return it. FOX Business breaks down all public figures affected by the Twitter hack below: Apple Binance Coinbase Coindesk Gemini Uber Jeff Bezos, Amazon CEO Kanye West, music mogul Bill Gates, Microsoft CEO GET FOX BUSINESS ON THE GO BY CLICKING HERE Elon Musk, Tesla and SpaceX CEO Joe Biden, 2020 Democratic presidential nominee Barack Obama, former U.S. president Warren Buffett, billionaire investor Michael Bloomberg, billionaire and former democratic presidential candidate READ MORE ON FOX BUSINESS BY CLICKING HERE Related Articles Biden, Bezos among hacking victims in Bitcoin tweet 'scam' Khloe Kardashian promotes Biohaven's new migraine medication Coronavirus prompts Sony to boost PlayStation 5 production by 50%: Report... - Reddit Posts (Sample): [['u/dosoc', 'Bitcoin exit plan', 175, '2020-07-18 04:44', 'https://www.reddit.com/r/Bitcoin/comments/ht99qv/bitcoin_exit_plan/', 'Step 1. Borrow as much money as you can. Leverage everything.\n\nStep 2. Put everything into Bitcoin, move to cold storage.\n\nStep 3. "Lose" Bitcoin in boating accident\n\nStep 4. Default on all debt. File bankruptcy.\n\nStep 5. Move to bungalow on a Central American beach.\n\nStep 6. Find "lost" Bitcoin.\n\nStep 7. Become world class surfer.\n\nThis is not investment advice.', 'https://www.reddit.com/r/Bitcoin/comments/ht99qv/bitcoin_exit_plan/', 'ht99qv', [['u/Mark_Bear', 14, '2020-07-18 05:04', 'https://www.reddit.com/r/Bitcoin/comments/ht99qv/bitcoin_exit_plan/fyffm4e/', "No need to declare bankruptcy if you'll be leaving; just leave.", 'ht99qv'], ['u/Brettanomyces78', 71, '2020-07-18 05:40', 'https://www.reddit.com/r/Bitcoin/comments/ht99qv/bitcoin_exit_plan/fyfisio/', 'Upvote for being one of the few people on earth that doesn\'t confuse "lose" and "loose."', 'ht99qv'], ['u/leof135', 19, '2020-07-18 06:00', 'https://www.reddit.com/r/Bitcoin/comments/ht99qv/bitcoin_exit_plan/fyfkko0/', 'Yeah what is with that? Is it a regional thing or are people just dumb?', 'ht99qv'], ['u/bearCatBird', 41, '2020-07-18 06:02', 'https://www.reddit.com/r/Bitcoin/comments/ht99qv/bitcoin_exit_plan/fyfkq8m/', 'Their just idiots.', 'ht99qv'], ['u/temp_plus', 33, '2020-07-18 06:07', 'https://www.reddit.com/r/Bitcoin/comments/ht99qv/bitcoin_exit_plan/fyfl4il/', 'I skipped the first 3 steps and am now on step 4.', 'ht99qv'], ['u/Brettanomyces78', 51, '2020-07-18 06:07', 'https://www.reddit.com/r/Bitcoin/comments/ht99qv/bitcoin_exit_plan/fyfl6f1/', "Oh, the irony. It's almost too much.", 'ht99qv'], ['u/bearCatBird', 34, '2020-07-18 06:12', 'https://www.reddit.com/r/Bitcoin/comments/ht99qv/bitcoin_exit_plan/fyfllhz/', 'Why? What’s to much?', 'ht99qv'], ['u/Brettanomyces78', 27, '2020-07-18 06:16', 'https://www.reddit.com/r/Bitcoin/comments/ht99qv/bitcoin_exit_plan/fyflvax/', 'Seriously? Calling other people idiots for confusing "lose" and "loose," then going on to confuse "they\'re" with "their" and "too" with "to" in just a couple sentences. Damn. \n\nI\'m mostly just busting your balls, but this was definitely good for a laugh.', 'ht99qv'], ['u/Brettanomyces78', 15, '2020-07-18 06:20', 'https://www.reddit.com/r/Bitcoin/comments/ht99qv/bitcoin_exit_plan/fyfm8eq/', 'My head just assploded.', 'ht99qv'], ['u/dosoc', 12, '2020-07-18 06:21', 'https://www.reddit.com/r/Bitcoin/comments/ht99qv/bitcoin_exit_plan/fyfmans/', '100k? You gotta pump those numbers up. Lots of easy money out there. Banks reserve requirements have been reduced to zero.', 'ht99qv'], ['u/campbed180', 12, '2020-07-18 06:23', 'https://www.reddit.com/r/Bitcoin/comments/ht99qv/bitcoin_exit_plan/fyfmgf5/', 'Ca you be more pacific?', 'ht99qv'], ['u/dosoc', 10, '2020-07-18 06:51', 'https://www.reddit.com/r/Bitcoin/comments/ht99qv/bitcoin_exit_plan/fyfoou9/', 'Replace bungalow with citadel\n\nYou guys have no imagination...', 'ht99qv'], ['u/Caracasy', 15, '2020-07-18 11:17', 'https://www.reddit.com/r/Bitcoin/comments/ht99qv/bitcoin_exit_plan/fyg59zb/', "To feel smug and superior to other forest-dwelling nocoiners. Silly monkeys don't even know about the Byzantine Generals problem.", 'ht99qv']]], ['u/creampiemewithlove', 'Meaningful stack number for litecoin', 27, '2020-07-18 05:47', 'https://www.reddit.com/r/litecoin/comments/hta3vw/meaningful_stack_number_for_litecoin/', "2.1 BTC is meaningful for most average joes\n21 BTC too much for one person I think\n\nSo litecoin supply is 4x that of bitcoin\n\n8.4 LTC\n84 LTC .... hmmm not bad but let's x10 \n\n84 LTC\n840 LTC \n\nMy goal is 840 LTC\n What's your", 'https://www.reddit.com/r/litecoin/comments/hta3vw/meaningful_stack_number_for_litecoin/', 'hta3vw', [['u/pwinne', 14, '2020-07-18 12:31', 'https://www.reddit.com/r/litecoin/comments/hta3vw/meaningful_stack_number_for_litecoin/fyg99fw/', 'LTC forum has been dead for ages .. I have 200 LTC but feel disillusioned by (seemingly) lack of development. I have no intention of offloading it. It can go to 0 or the Moon.', 'hta3vw']]], ['u/AutoModerator', '[Daily Discussion] Saturday, July 18, 2020', 26, '2020-07-18 06:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/htackq/daily_discussion_saturday_july_18_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/htackq/daily_discussion_saturday_july_18_2020/', 'htackq', [['u/Happy_Pizza_', 10, '2020-07-18 06:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/htackq/daily_discussion_saturday_july_18_2020/fyflvxy/', "I'll start this off.\n\nhttps://www.tradingview.com/x/9iZVDHAe/\n\nBull flag on the weekly. Volume can't go much lower.", 'htackq'], ['u/asap-bitcoin', 29, '2020-07-18 06:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/htackq/daily_discussion_saturday_july_18_2020/fyfozle/', 'It’s ok bitcoin, you go when you’re ready.', 'htackq'], ['u/nannal', 20, '2020-07-18 08:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/htackq/daily_discussion_saturday_july_18_2020/fyfvxph/', "It has been real fucking calm for real fucking long though. \n\nLast time we closed a 1d candle above 10k was Jun 1st, and then jun 2nd we closed below it and haven't been back since. Last time we closed below 9k was back in May. \n\nI know we're waiting for the party to get started but like, come on, I've got boats to buy.", 'htackq'], ['u/Chaos_Elephant', 12, '2020-07-18 09:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/htackq/daily_discussion_saturday_july_18_2020/fyg0v6p/', 'Calm before the stillness.', 'htackq'], ['u/Tiaan', 12, '2020-07-18 15:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/htackq/daily_discussion_saturday_july_18_2020/fygmahs/', '&gt; I have accumulated enough bitcoin.\n\nIs this even possible?', 'htackq'], ['u/JustARedditRetard', 15, '2020-07-18 17:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/htackq/daily_discussion_saturday_july_18_2020/fyguqur/', "I haven't been here in many years.\n\nOh boi we flat.", 'htackq'], ['u/Maegfaer', 17, '2020-07-18 20:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/htackq/daily_discussion_saturday_july_18_2020/fyhfxic/', 'BTC was anything but "hot" in 2015, yet a bull market emerged.', 'htackq'], ['u/InMyDayTVwasBooks', 12, '2020-07-18 20:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/htackq/daily_discussion_saturday_july_18_2020/fyhi9qp/', 'Not your vault not your gold.', 'htackq'], ['u/happychillmoremusic', 18, '2020-07-18 20:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/htackq/daily_discussion_saturday_july_18_2020/fyhj19u/', 'Just went long. Let’s do this', 'htackq'], ['u/Dumptruckpancakes', 10, '2020-07-18 21:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/htackq/daily_discussion_saturday_july_18_2020/fyhl8fj/', 'If only we had some digital form of gold that could be verified and used as payments in some way...', 'htackq'], ['u/RetardIdiotTrader', 10, '2020-07-18 22:30', 'https://www.reddit.com/r/BitcoinMarkets/comments/htackq/daily_discussion_saturday_july_18_2020/fyhti1h/', 'Sider sideways, sider sideways', 'htackq'], ['u/CONTROLurKEYS', 10, '2020-07-18 22:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/htackq/daily_discussion_saturday_july_18_2020/fyhvgqd/', "Lol it's been trading sideways range for months 9200 is irrelevant", 'htackq'], ['u/RetardIdiotTrader', 28, '2020-07-18 23:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/htackq/daily_discussion_saturday_july_18_2020/fyhz00p/', 'Ranging around $9200 in 100 words', 'htackq']]], ['u/educofu', "My dad asked me a question, I didn't know how to answer, could someone help me?", 13, '2020-07-18 08:10', 'https://www.reddit.com/r/Bitcoin/comments/htbuyf/my_dad_asked_me_a_question_i_didnt_know_how_to/', "Let's say bitcoin becomes the standard currency somewhere, what happens if such place lose it's ability to connect to the internet (major disasters, government shutdown, attacks on infrastructure, etc)? Could it still be used internally? If so, what would happen once connection is reestablished?", 'https://www.reddit.com/r/Bitcoin/comments/htbuyf/my_dad_asked_me_a_question_i_didnt_know_how_to/', 'htbuyf', [['u/[deleted]', 15, '2020-07-18 08:15', 'https://www.reddit.com/r/Bitcoin/comments/htbuyf/my_dad_asked_me_a_question_i_didnt_know_how_to/fyfuor1/', 'Yes, it is possible to use without using internet, i remember i saw a video of a guy developing some sort of "radio signal/network", that can be used to connect to the bitcoin network, without internet. You can try to find that video on youtube', 'htbuyf'], ['u/luc1232', 18, '2020-07-18 09:58', 'https://www.reddit.com/r/Bitcoin/comments/htbuyf/my_dad_asked_me_a_question_i_didnt_know_how_to/fyg0wn1/', 'Without i... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9185.82, 9164.23, 9374.89, 9525.36, 9581.07, 9536.89, 9677.11, 9905.17, 10990.87, 10912.82
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, BTC to USD, rose by 0.24% on Saturday. Following on from a 0.19% gain on Friday, Bitcoin ended the day at $9,189.1.\nIt was another bearish start to the day. Bitcoin fell to an early morning intraday low $9,120.1 before making a move.\nSteering clear of the first major support level at $9,114.93, Bitcoin struck a late morning high $9,217.0.\nBitcoin broke through the first major resistance level at $9,206.83 before easing back to $9,170 levels.\nLate in the day, Bitcoin broke back through the first major resistance level to an intraday high $9,217.1 before easing back.\nSteering clear of the day’s pivot level at $9,155 through the afternoon was key to avoiding a day in the red.\nThe near-term bullish trend remained intact in spite of the early July pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.\nAcross the rest of the majors, it was yet another mixed day on Saturday.\nEOS (-0.04%), Stellar’s Lumen (-3.04%), and Tezos (-4.87%) saw red to buck the trend on the day.\nIt was a bullish day for the rest of the pack, with Ripple’s XRP rallying by 2.94% to lead the way.\nBitcoin Cash ABC (+1.01%), Ethereum (+1.33%), Litecoin (+1.36%), Monero’s XMR (+1.17%), and Tron’s TRX (+1.31%) also found strong support.\nBinance Coin (+0.59%), Bitcoin Cash SV (+0.64%), and Cardano’s ADA (+0.60%) saw modest gains on the day.\nIn the current week, the crypto total market cap rose to a Monday high $273.18bn before falling to a Thursday low $258.89bn. At the time of writing, the total market cap stood at $266.27bn.\nBitcoin’s dominance fell to a Monday low 63.09% before rising to a Thursday high 64.28%. At the time of writing, Bitcoin’s dominance stood at 63.55%.\nAt the time of writing, Bitcoin was up by 0.06% to $9,194.3. A mixed start to the day saw Bitcoin fall to an early morning low $9,185.7 before striking a high $9,194.4.\nBitcoin left the major support and resistance levels untested early on.\nElsewhere, it was a mixed start to the day. At the time of writing, Tezos was up by 1.21% to lead the way.\nBinance Coin bucked the trend early on, with a 0.24% loss.\nBitcoin would need to avoid a fall through the $9,175.43 pivot to support a run at the first major resistance level at $9,230.77.\nSupport from the broader market would be needed, however, for Bitcoin to break out from Saturday’s high $9,217.1.\nBarring an extended crypto rally, the first major resistance level and Saturday’s high would likely cap any upside.\nIn the event of a crypto breakout, Bitcoin should break through the second major resistance level at $9,272.43. Resistance at $9,300 would likely cap any upside.\nFailure to avoid a fall through the $9,175.43 pivot level would bring the first major support level at $9,133.77 into play.\nBarring an extended crypto sell-off, however, Bitcoin should avoid sub-$9,000 levels. The second major resistance level at $9,078.43 should limit any downside.\nThisarticlewas originally posted on FX Empire\n• The Week Ahead – COVID-19 and Geopolitics and Private Sector PMIs in Focus\n• E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Could See Futures/Cash Divergence\n• The Weekly Wrap – Economic Data and COVID-19 News Drives the Markets\n• E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Trend Up, Momentum Down on Daily Chart\n• Price of Gold Fundamental Daily Forecast – Sideways to Better as Investors Await More Stimulus Measures\n• European Equities: A Week in Review – 11/07/20', 'Bitcoin, BTC to USD, rose by 0.24% on Saturday. Following on from a 0.19% gain on Friday, Bitcoin ended the day at $9,189.1. It was another bearish start to the day. Bitcoin fell to an early morning intraday low $9,120.1 before making a move. Steering clear of the first major support level at $9,114.93, Bitcoin struck a late morning high $9,217.0. Bitcoin broke through the first major resistance level at $9,206.83 before easing back to $9,170 levels. Late in the day, Bitcoin broke back through the first major resistance level to an intraday high $9,217.1 before easing back. Steering clear of the day’s pivot level at $9,155 through the afternoon was key to avoiding a day in the red. The near-term bullish trend remained intact in spite of the early July pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend. The Rest of the Pack Across the rest of the majors, it was yet another mixed day on Saturday. EOS (-0.04%), Stellar’s Lumen (-3.04%), and Tezos (-4.87%) saw red to buck the trend on the day. It was a bullish day for the rest of the pack, with Ripple’s XRP rallying by 2.94% to lead the way. Bitcoin Cash ABC (+1.01%), Ethereum (+1.33%), Litecoin (+1.36%), Monero’s XMR (+1.17%), and Tron’s TRX (+1.31%) also found strong support. Binance Coin (+0.59%), Bitcoin Cash SV (+0.64%), and Cardano’s ADA (+0.60%) saw modest gains on the day. In the current week, the crypto total market cap rose to a Monday high $273.18bn before falling to a Thursday low $258.89bn. At the time of writing, the total market cap stood at $266.27bn. Bitcoin’s dominance fell to a Monday low 63.09% before rising to a Thursday high 64.28%. At the time of writing, Bitcoin’s dominance stood at 63.55%. This Morning At the time of writing, Bitcoin was up by 0.06% to $9,194.3. A mixed start to the day saw Bitcoin fall to an early morning low $9,185.7 before striking a high $9,194.4. Story continues Bitcoin left the major support and resistance levels untested early on. Elsewhere, it was a mixed start to the day. At the time of writing, Tezos was up by 1.21% to lead the way. Binance Coin bucked the trend early on, with a 0.24% loss. For the Bitcoin Day Ahead Bitcoin would need to avoid a fall through the $9,175.43 pivot to support a run at the first major resistance level at $9,230.77. Support from the broader market would be needed, however, for Bitcoin to break out from Saturday’s high $9,217.1. Barring an extended crypto rally, the first major resistance level and Saturday’s high would likely cap any upside. In the event of a crypto breakout, Bitcoin should break through the second major resistance level at $9,272.43. Resistance at $9,300 would likely cap any upside. Failure to avoid a fall through the $9,175.43 pivot level would bring the first major support level at $9,133.77 into play. Barring an extended crypto sell-off, however, Bitcoin should avoid sub-$9,000 levels. The second major resistance level at $9,078.43 should limit any downside. This article was originally posted on FX Empire More From FXEMPIRE: The Week Ahead – COVID-19 and Geopolitics and Private Sector PMIs in Focus E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Could See Futures/Cash Divergence The Weekly Wrap – Economic Data and COVID-19 News Drives the Markets E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Trend Up, Momentum Down on Daily Chart Price of Gold Fundamental Daily Forecast – Sideways to Better as Investors Await More Stimulus Measures European Equities: A Week in Review – 11/07/20', 'The concept of bitcoin days destroyed (BDD) was introduced in 2011, two years after the creation of the world\x92s first cryptocurrency, bitcoin . People were already beginning to create blockchain metrics to measure on-chain transaction activity and value. For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts , Spotify , Pocketcasts , Google Podcasts , Castbox , Stitcher , RadioPublica , iHeartRadio or RSS . This episode is sponsored by Bitstamp and Crypto.com . Related: Bitcoin News Roundup for July 20, 2020 Once the first cryptocurrency metric was created, BDD was quickly followed by a plethora of other unique metrics including unspent transaction output (UTXO), market value to realized value (MVRV) and spent output profit ratio (SOPR). Despite the sophistication of cryptocurrency data and analysis since 2011, BDD remains a fundamental metric to understanding and valuing bitcoin. See also: Coin Days Destroyed: Giving Meaning to Transaction Volumes \x93[BDD] is a metric that reflects the collective action of long-term [BTC] holders,\x94 said CoinDesk senior research analyst Galen Moore on a special podcast episode about the metric. \x93What\x92s the psychology of the long-term holder? You can see that in a collective way [through BDD] in a way I don\x92t think is possible in other asset categories.\x94 Moore interviewed Coin Metrics\x92 Lucas Nuzzi on July 7 , to learn more about BDD\x92s use cases and limitations. In a follow-up discussion July 9, Moore noted no other financial asset enables traders and investors to see the activity of long-term asset holders as transparently as bitcoin. Related: Bitcoin Futures Trading Volume Slips to 3-Month Low on CME To this, CoinDesk research intern Duy Nguyen noted the motivations behind why long-term holders are moving funds at any given time is still largely a guessing game that requires further off-chain analysis beyond the scope of BDD. Story continues For more information about BDD, watch the 30-minute webinar featuring Nuzzi\x92s exclusive presentation on the metric on the CoinDesk Research Hub. For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts , Spotify , Pocketcasts , Google Podcasts , Castbox , Stitcher , RadioPublica , iHeartRadio or RSS . Related Stories The Origins of the World\x92s Oldest Bitcoin Metric, Explained The Origins of the World\x92s Oldest Bitcoin Metric, Explained', 'The concept of bitcoin days destroyed (BDD) was introduced in 2011, two years after the creation of the world’s first cryptocurrency,bitcoin. People were already beginning to create blockchain metrics to measure on-chain transaction activity and value.\nFormore episodesand free early access before our regular 3 p.m. East **Last 60 Days of Bitcoin's Closing Prices:** [9522.98, 9081.76, 9182.58, 9209.29, 8790.37, 8906.93, 8835.05, 9181.02, 9525.75, 9439.12, 9700.41, 9461.06, 10167.27, 9529.80, 9656.72, 9800.64, 9665.53, 9653.68, 9758.85, 9771.49, 9795.70, 9870.09, 9321.78, 9480.84, 9475.28, 9386.79, 9450.70, 9538.02, 9480.25, 9411.84, 9288.02, 9332.34, 9303.63, 9648.72, 9629.66, 9313.61, 9264.81, 9162.92, 9045.39, 9143.58, 9190.85, 9137.99, 9228.33, 9123.41, 9087.30, 9132.49, 9073.94, 9375.47, 9252.28, 9428.33, 9277.97, 9278.81, 9240.35, 9276.50, 9243.61, 9243.21, 9192.84, 9132.23, 9151.39, 9159.04] Use the additional daily data provided in the input below for crucial context.
Daily Context for Date: 2020-07-19 **Financial & Commodity Data:** - Gold Closing Price: $1808.30 - Crude Oil Closing Price: $40.59 **Bitcoin Market & On-Chain Metrics:** - Market Capitalization: $169,171,144,700 - Hash Rate: 112957605.201925 - Transaction Count: 277093.0 - Unique Addresses: 550119.0 **Social & AI Sentiment:** - Fear & Greed Index: 0.41 **Other Textual Data:** - Daily Tweets (Sample): N/A - Contextual Past News Article: James Harper v. Charles P. Rettig, et al. Washington, D.C., July 15, 2020 (GLOBE NEWSWIRE) -- This Tax Day, New Hampshire resident James Harper filed alawsuitagainst the Internal Revenue Service (IRS) along with his tax return. The New Civil Liberties Alliance, a nonpartisan, nonprofit civil rights group, represents Mr. Harper inJames Harper v. Charles P. Rettig, et al.before the United States District Court for the District of New Hampshire. Mr. Harper’s “crime”? Holding a bitcoin wallet. The lawsuit argues that the IRS has acquired the unbridled power to demandandseize Americans’ private financial information from third parties withoutanyjudicial process in defiance of the Fourth and Fifth Amendments and statutory protections. Mr. Harper bought his first bitcoin in 2013, and ever since then, he diligently paid all applicable taxes and reported his trades related to bitcoin holdings. Throughout these years, all his transactions were facilitated through three digital virtual currency exchanges: Coinbase, Abra, and Uphold. Given that all of them had contractually promised Mr. Harper to protect his private information, he was genuinely surprised when on August 9, 2019, he received a letter from IRS informing him that the agency had obtained his financial records related to ownership of bitcoin without any particularized suspicion of wrongdoing. Mr. Harper is one of 10,000 virtual currency owners who received such aletter, according to the IRS website. The IRS somehow obtained Mr. Harper’s records without a valid subpoena, court order, or judicial warrant based on probable cause. The Fourth Amendment to the U.S. Constitution protects “the right of the people to be secure in their … papers … against unreasonable searches and seizures.” In this case, the IRS violated the Fourth Amendment by issuing an informal demand for Mr. Harper’s financial records from a third party even though it lacked any particularized suspicion that he had violated any law. The complaint also says that the IRS violated the Due Process Clause of the Fifth Amendment by seizing Mr. Harper’s private financial information from the third-party virtual currency exchange(s) without first providing him with notice and an opportunity to challenge the seizure of his property. From the very beginning, the IRS acted in violation of the statute of special procedures by third-party summonses by failing to notify Mr. Harper of the summons and making a gross, baseless, and arbitrary judgment that he may not comply with IRS tax obligations. This case presents the opportunity to correct the course of constitutional privacy law. NCLA released the following statements: “The expectation is that when you enter into an agreement with a third party, the third-party and the government will respect contractual rights. But the law in this case has departed from cherished Constitutional principles and the fundamental understanding that prohibited peeking into a person’s private papers without the use of a judicially-approved subpoena. Not only did the IRS demandandseize Mr. Harper’s information, but it is unlawfully holding on to that data withoutanyjudicial process. NCLA is going to right this wrong.” — Caleb Kruckenberg, Litigation Counsel, NCLA “The Internal Revenue Service is notorious for treating law-abiding taxpayers as guilty until proven innocent. IRS is hiding behind cryptic, unexplained reasons for using its formidable machinery against Mr. Harper. Thankfully, the Constitution is not so obscure. The Fourth and Fifth Amendments require IRS to demonstrate that the agency followed lawful procedures before attempting to audit Mr. Harper’s cryptocurrency transactions.” — Adi Dynar, Litigation Counsel, NCLA ABOUT NCLA NCLA is a nonpartisan, nonprofit civil rights group founded by prominent legal scholar Philip Hamburger to protect constitutional freedoms from violations by the Administrative State. NCLA’s public-interest litigation and other pro bono advocacy strive to tame the unlawful power of state and federal agencies and to foster a new civil liberties movement that will help restore Americans’ fundamental rights. ### Judy Pino, Communications DirectorNew Civil Liberties [email protected]... - Reddit Posts (Sample): no_data... Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
9164.23, 9374.89, 9525.36, 9581.07, 9536.89, 9677.11, 9905.17, 10990.87, 10912.82, 11100.47