On Wednesday and Thursday there was a clear sense of surrender among investors in top Ethereum DeFi tokens.

Market data shows that at that time, top-ethereum DeFi tokens fell by dozens of percent. Yearn.finance (YFI) plunged by over 20 per cent in one day, while many investors announced on Twitter that they would switch to Bitcoin and other “safer” investments.

But due to a strange turn of events, the DeFi market started pumping on Ethereum. This coincides with Bitcoin’s bullish price action. In bull markets, when BTC reaches its peak, profits are often temporarily distributed in Altcoins while investors try to accumulate more Bitcoin.

DeFi-Coins explode higher

Industry data show that the last 24 hours have been positive for the DeFi market.

Key coins in the sector (such as Uniswap (UNI), Aave (AAVE), Compound (COMP), Synthetix Network Token (SNX), Yearn.finance (YFI)) have risen 10-30% in the last few days following yesterday’s surrender.

Arthur Cheong, founder of Crypto Method Capital, believes that this reversal is a result of the “high volume” that has built up in the DeFi markets. He has shared a chart which shows that he has personally accumulated some AAVE at $28. The coin is now traded for around 38 dollars.

From the data in the chain, it is clear that there are institutional players like Choeng who collect DeFi coins en masse on Ethereum.

Data from Nansen show that the prominent Wall Street trading company Jump Trading owns crypto-currency worth at least $75 million – including compounds COMP, Keep Networks KEEP, HXRO, Numeraire (NMR), Orchid Protocol (OXT) and MakerDAOs MKR. The company has also spent $5 million in the last week alone to accumulate COMP.

Similarly, the block-chain analyst firm Santiment reports that “whales have added many corresponding $ETH-based #altcoins to their non-stock exchange wallets. $ETH, $LINK, $REN, $ELF, $KNC, & $ZRX are among those that have reached recent year highs.” The company also reports that “whales have added many corresponding $ETH-based #altcoins to their non-stock exchange wallets.

Is this the real low point?

A strong upswing, certainly – but not everyone is convinced that this is the real low point.

Ari Paul, CIO and CEO of BlockTower Capital, recently shared his thoughts on the DeFi market. Referring to a tweet that he shared in September, which predicted most of this downward movement, he writes that buying an asset at a price 85% below its all-time high is still not a reliable way to buy the bottom:

“Already 85 per cent down? This is a point at which one should *begin* to look for value, but remember that the decline from 85% to 95% down is another 65% loss”.

Der zweitreichste Mann Mexikos sagt, er sei jetzt ein großer Bitcoin-Bulle.

Der mexikanische Medien- und Einzelhandelsmogul Ricardo Salinas Pliego erzählt seinen 800.000 Twitter-Follower, dass er 10% seiner liquiden Mittel bei Bitcoin (BTC) lagert.

Pliego warnt seine Anhänger davor, dass er der Meinung ist, dass die Bürger ihr Kapital vor der Regierung schützen müssen und sich über Immediate Bitcoin als alternative Option für die Speicherung von Reichtum informieren sollten.

Heute empfehle ich THE BITCOIN PATTERN, dieses Buch ist das beste und wichtigste, um #Bitcoin zu verstehen.

El Bitcoin ist der Schützling der staatlichen Expropiación Gubernamental.

Muchas personas me preguntan si tengo bitcoins, SÍ. Die 10% meines Portfolios sind invertiert und
– Ricardo Salinas Pliego (@RicardoBSalinas) 17. November 2020

“Heute empfehle ich The Bitcoin Standard. Dieses Buch ist das beste und wichtigste, um Bitcoin zu verstehen. Bitcoin schützt den Bürger vor staatlicher Enteignung. Viele Leute fragen mich, ob ich Bitcoin habe, JA. Ich habe 10% meines liquiden Portfolios in [BTC] investiert.

Pliego empfiehlt seinen Anhängern, sich mit Bitcoin zu befassen, um die Inflation der lateinamerikanischen Papierwährungen zu bekämpfen, die er für wertlos hält.

Um seinen Standpunkt zu unterstreichen, hat der Milliardär, wie er sagt, ein Video einer lateinamerikanischen Bank veröffentlicht, die ihr Papiergeld buchstäblich wegwirft.

Para iniciar con el #Bitcoin, les comparto un video tomado en un país latino donde los bancos tiran el dinero a la basura (el papel moneda no vale nada) es por eso que siempre es bueno diversificar nuestro portafolio de inversiones .

– Ricardo Salinas Pliego (@RicardoBSalinas) 17. November 2020

“Um mit Bitcoin zu beginnen, werde ich ein Video zeigen, das in einem lateinischen Land aufgenommen wurde, in dem Banken Geld wegwerfen (Papiergeld ist nichts wert). Deshalb ist es immer gut, unser Investitionsportfolio zu diversifizieren. Das ist eine inflationäre Enteignung!”

Laut Forbes ist das Vermögen, das Pliego zu schützen sucht, ein Nettovermögen von 12 Milliarden Dollar, und es geht weiter. Der Milliardär betreibt das zweitgrößte mexikanische Rundfunknetz, TV Azteca und den Einzelhändler Grupo Elektra.

With new plans for further monetary policy interventions, the US central bank is making additional advertising for Bitcoin.

The American central bank continues to unintentionally advertise Corona Millionaire, with central bank chief Jerome Powell speaking out in favor of further “money printing”.

In a tweet on November 6th, Tyler Winklevoss, co-founder of the Gemini crypto exchange, said that Powell’s latest speech was “a code to buy Bitcoin”.

Powell: Congress should approve further interference

Powell had made the corresponding statements again on November 5 at a press conference on the current economic situation and possible monetary policy measures.

He reaffirmed that the American “Federal Reserve” had not yet fully exhausted the range of its possibilities. It should be noted, however, that the US Federal Reserve, in conjunction with the country’s government, has already intervened heavily in the stock markets, injecting funds and distributing aid to the population.

“I think we will have a stronger economic recovery if we bring in a little fiscal support where it fits … Congress also thinks that makes sense,” Reuters quoted the central bank chief as saying.

Bitcoin advocates repeatedly warn of the long-term consequences of short-term interventions in the economy by the state and central bank, which can be seen in the ever-increasing national debt in the USA and other countries.

The books of the “Fed” showed just under 7.14 trillion on Friday. US dollars, while the national debt topped 27.2 trillion for the first time in history. US dollar has climbed.

No more BTC left?

With its monetary policy interventions, the central bank follows the theory that the economy is primarily controlled by demand, which is why financial injections are supposed to have a “stimulating” effect. Bitcoin, meanwhile, is simply controlled by supply and demand, a mechanism that seems to be working very well in light of the current climbing game of cryptocurrency.

The crypto market leader has gained more than 15% since the beginning of the week, reaching spheres that were last reached at the end of 2017.

According to the crypto analyst PlanB and some of his colleagues, this does not come as a surprise, because according to the so-called stock-to-flow forecast model, which relates the amount of Bitcoin in circulation (stock) to the rate of increase (flow), such a price development is after the “Halving” in May the logical consequence . Indeed, investors seem to be following that prediction.

Investors are no longer just private investors, because institutional investors are increasingly discovering the cryptocurrency for themselves. Payment service provider Square made 80% of its revenue from Bitcoin in the third quarter of 2020 .

“There is no Bitcoin to sell more” as the Twitter users Girevik the current situation summarizing .

Här är varför Bitcoin Hashrate bara såg massiv droppe över natten

Bitcoin-svårigheten är på väg att följa hashrate med en signifikant negativ justering
Här är varför Bitcoin Hashrate bara såg massiv droppe över natten

• Översvämningar gör gruvarbetare sårbara
• En stor svårighetsgrad är på korten

Den 26 oktober upplevde stora Bitcoin-gruvpooler en betydande minskning av hashrate, enligt NovaBlock-data.

Som förklarats  Bitcoin Code av Thomas Heller från HASHR8 är slutet på regnsäsongen i Sichuan som inträffade den 25 oktober skyldig för den kraftiga nedgången.

Heller uppskattar att de bästa gruvpoolerna har tappat cirka 22 EH / s:

”Om vi ​​tittar på de 10 bästa poolerna kan vi se att cirka 22 EH / s lämnade Bitcoin-nätverket. Inte ett exakt mått naturligtvis, men överlagrat med antalet block som bryts per dag, kan vi få en grov uppfattning om hashrate-förändringen. ”

Översvämningar gör gruvarbetare sårbara

Sichuan, en sydvästra kinesiska provinsen, ansvarar för 9,66 procent av landets totala hashrat eftersom det lockar Bitcoin-gruvarbetare med sitt överskott av vattenkraft.

För närvarande migrerar gruvarbetare till Xinjiang, Inre Mongoliet och andra regioner eftersom de inte längre kan dra nytta av extremt billiga elkostnader.

Regnsäsonger varar vanligtvis i Sichuan från maj till september. I maj led dock Sichuan av kraftbrist på grund av långvariga höga temperaturer som fångade lokala gruvarbetare och tvingade dem att minska sin verksamhet.

Torrential regnar som plågade provinsen i augusti också avsevärt bucklade Bitcoin hashrate innan det så småningom återhämtat sig till nya all-time highs.

U påminner sina läsare om att mer än kinesiska gruvarbetare kontrollerar över 65 procent av nätverkets totala datorkraft.
Relaterade Bitcoin Hashrate att nå ny all-time high är “Death Knell” för Bitcoin Cash och Bitcoin SV, säger Max

En stor svårighetsgrad är på korten

Bitcoin-gruvsvårigheter förväntas nu registrera en negativ justering på cirka 10 procent nästa söndag efter den massiva hashratnedgången.

Detta skulle vara den näst största negativa justeringen 2020 efter den historiska nedgången på 15,95 procent som registrerades efter “Black Thursday” den 13 mars.

Santiment, a blockchain analytics company, writes that Ethereum’s NVT is still bullish.

NVT is the ratio of network value to transaction, which is viewed as the price-performance ratio for blockchain networks.

The data also shows that investors are amassing ETH masses, with the coins leaving the exchanges in no time at all. It is HODLED.

Ethereum’s on-chain trends are still favoring the bulls

Ethereum has seen a sharp drop from its weekly highs of $ 385. The coin fell below $ 370 on Tuesday morning as capital streamed back towards Bitcoin from the altcoin market.

Despite the local, short-term decline, the analysts remain bullish on ETH.

A main reason for this is that Ethereum’s on-chain trends are still hugely positive.

Santiment, a blockchain analytics firm, recently shared the chart below. It shows the price action of ETH in relation to the meter of network value to transactions, which is seen as the price / earnings ratio for blockchain networks.

On the current status of the relationship, Santiment writes that Ethereum is still “bullish”, but the trend is moving into “neutral territory”.

Chart of the price behavior of ETH in recent years with an overlay of the NVT model. Chart from blockchain analytics firm Santiment

Shortly before this post was published, the company had discovered that massive accumulation had occurred among Ethereum owners and investors. According to Santiment, the number of ETH held on exchanges has fallen quite dramatically in the past two months – and that suggests accumulation:

“$ ETH’s top 10 whale exchanges continued to move their funds to non-exchange wallets and move their holdings at an impressive pace. The 20.5% decline in tokens on the exchanges in the past 2 months indicates the price confidence of the top owners of #Ethereum. ”

Chart of the price development of ETH in the last few months with an overlay of the number of the top 10 stock exchange holdings against the non-stock exchange holdings.

Chart from Santiment, a blockchain analytics company.

Not everyone is convinced of altcoins

However, not all investors and analysts in this room are convinced of altcoins like Ethereum in the current phase of the Bitcoin market cycle.

Kyle Davies, co-founder of the Three Arrows Capital crypto fund, recently hinted that bitcoin is likely to outperform altcoins dramatically. Previously, his business partner Su Zhu had pointed out that this was a time when BTC had to recover while altcoins were falling.

“You are about to find out why all the rich OG’s mostly hold $ BTC.”

Just today, BTC was able to rebound by 2% while Ethereum is down by 2%.

Het Crypto voor het Congres initiatief is gelanceerd. Alle leden van het Congres zullen bitcoin krijgen als campagnebijdragen om hen te helpen leren over cryptocurrency. Het initiatief wordt ondersteund door leden van de Congressional Blockchain Caucus, waaronder pro-crypto vertegenwoordigers Darren Soto en Tom Emmer.

Elk congreslid dat een Bitcoin-bijdrage ontvangt

Het “Crypto voor het Congres” initiatief is gelanceerd, de Kamer van Digitale Handel kondigde maandag aan. “Vandaag krijgen alle leden van het Amerikaanse Congres een campagnebijdrage in bitcoin” als onderdeel van dit initiatief, de aankondiging details. Er zijn 535 leden van het Congres: 100 dienen in de Amerikaanse Senaat en 435 in het Huis van Afgevaardigden.

Het Politiek Actiecomité van de Kamer van Koophandel zal een bijdrage van $50 bitcoin leveren aan alle 535 leden van het Congres. De organisatie biedt ook online openbare educatieve training, een toolkit, en diverse middelen aan congresleden van alle partijen “om hen te helpen zich direct in te zetten voor het cryptocurrency ecosysteem”, zo wordt in de aankondiging uitgelegd. Volgens de informatie op de website van het initiatief:

Crypto for Congress is een educatief initiatief gericht op het uitbreiden van het gebruik en de adoptie van digitale middelen onder Congreskandidaten, gekozen leiders en betrokken burgers.

“Nu is het moment voor alle leden van het Congres om te leren over en omarmen van cryptocurrencies en blokketentechnologie, en de beste manier om dat te doen is om een digitale portemonnee op te zetten en te beginnen met de blokketenreis,” zei Perianne Boring, de oprichter en voorzitter van de organisatie. “Veel andere landen zoals China, Japan, Singapore en Zwitserland hebben de blokkettechnologie snel omarmd en hebben robuuste nationale plannen gemaakt om op dit gebied wereldleider te worden. De Verenigde Staten lopen een achterstand op het gebied van technologische innovatie op en dit is geen risico dat we bereid moeten zijn te nemen”.

Het Crypto Trader for Congress initiatief wordt gesteund door leden van de Congressional Blockchain Caucus, waaronder pro-cryptocurrency vertegenwoordigers Darren Soto en Tom Emmer. Sponsors van het onlangs gelanceerde initiatief zijn Anchorage, Bitpay, Blockfi, CMT Digital, Circle, Civic, Etoro, Flipside Crypto, Medici Ventures, Messari, en Paxos.

“Crypto voor het Congres brengt een kans voor onze hele Congresgemeenschap om zich aan te sluiten bij deze generatiewisseling op het gebied van financiën en technologie”, aldus Tom Emmer. “Door de digital asset beweging te omarmen, hebben we een kans om een belangrijke stap voorwaarts te zetten om Amerika’s leiderschapspositie in de toekomst van de wereldeconomie te verzekeren.”

Faced with the problems in Argentina, Paxful chose to take the bitcoin quote with the price of the informal dollar

In Argentina, Paxful updated the Bitcoin price quote taking into account the price of the informal dollar. They used to take the official dollar price, but they said that it no longer makes sense to do so. For more details, Cointelegraph en Español spoke with Magdiela Rivas, Paxful’s manager for Latin America.

Argentina is a country with a complicated economic history and its national currency, the Argentine peso, has devalued a lot in the last decades.

Paxful expands beyond bitcoin and adds tether to its platform

But in addition, you can see that the country has different quotes from the US dollar. This situation has been aggravated by the tightening of restrictions on the acquisition of foreign currency. Today, many Argentine citizens are forbidden by the government to buy dollars at the official price.

“Paxful is adapting to reality. Citing the official dollar as a quotation is obsolete. The reality is that the real quotation of the dollar is, sadly, the informal one”, pointed out Magdiela Rivas.

Paxful survey: Argentines believe that investing in cryptomonies is the most effective way to save

Then he explained: “It was one of the complaints that there were from Paxful users, especially the new ones. Because they saw that the price of Bitcoin was cheap, since it was quoted between USD 700,000 and USD 800,000 approximately. This happened while in the exchanges and on the street it was already USD 1,500,000. That was already a barrier for new users because they didn’t understand that price.

And he added: “When you looked at the sales price, you could see the price they were putting, and you noticed, for example, the price of Bitcoin plus a 100% bonus. So it seemed that users were overpricing, when in fact it was reflecting what the dollar was really worth.

Paxful launches its international entrepreneurship program in Argentina

For all this, it was decided to take reference to some applications that show the quotation of the informal dollar, or also called “blue dollar”.

Con l’inizio di ottobre di un’epidemia ribassista, la Bitcoin è scesa a 10.380 dollari da 10.940 a 10.380 in un intervallo di 12 ore. Mentre il recupero è stato encomiabile al momento della stampa, un analista di spicco ha suggerito che c’era più di quello che si vede nello spazio Bitcoin.

In un thread di tweet pubblicato da Cole Garner, l’analista ha indicato che gli indirizzi Crypto Cash hanno registrato un picco importante nel grafico la scorsa settimana. Con i volumi che hanno preceduto il prezzo durante il periodo, ha dichiarato che la solita cifra di 5-10k indirizzi BTC/giorno, ha raggiunto un nuovo picco a 22k indirizzi la scorsa settimana, immaginando un nuovo picco negli ultimi 2 anni.

Anche se un aumento inquietante in termini di indirizzi BTC, si è ipotizzato che possa essere dovuto all’intervento tempestivo della Cina.

La Cina chiama l’asset crypto con le migliori prestazioni nel 2020

Un rapporto che apparentemente ha mancato l’attenzione di tutti, China Central Television (CCTV) ha pubblicato un clip di 3 minuti verso la fine di settembre, che ha evidenziato che le risorse digitali sono cresciute del 70% nel 2020.

Dovey Wan, un importante sostenitore della crittografia, e socio fondatore di Primitive crypto, ha anche optato per il fatto che si è trattato di uno sforzo collettivo da parte dei media cinesi per promuovere lo sviluppo di crypto nel 2020. Si è spinta fino ad affermare che si è trattato di un “raro sforzo coordinato”.

Allora, cosa significa tutto questo?

Se si spara al buio, tutto ha senso da un punto di vista economico, che l’ascesa di Bitcoin alla ribalta aiuterà anche la Cina. Prendere il predominio della Cina nel settore minerario Bitcoin. Con l’aumento di valore della Bitcoin, BTC è indirettamente l’oca d’oro della Cina o, per usare un termine raffinato, un tesoro nazionale.

Ma la Cina non dovrebbe essere uno stato anti-Bitcoin?

Sulla carta, sì. Considerando che il Paese sta mettendo tutte le uova nel paniere con il suo DCEP, l’obiettivo della Cina è quello di promuovere la sua moneta digitale in una prospettiva a lungo termine. Ma stanno prendendo i colpi dalla spalla di Bitcoin.

Non è inverosimile affermare che l’enorme pressione di vendita della Bitcoin nell’ultima settimana potrebbe essere stata assorbita dalla vendita al dettaglio in Cina e quindi la Bitcoin sopravvive a un enorme calo.

Dove si inserisce il DCEP?

Si inserisce nel quadro a lungo termine. Se il valore del Bitcoin aumenta nei prossimi mesi, e la Cina può promuovere collettivamente che il DCEP è una forma migliore di risorsa digitale rispetto al Bitcoin già in crescita, sta creando una situazione in cui il DCEP potrebbe apparire come il migliore all’interno del migliore. Quindi, per la Cina, un toro Bitcoin gioca nel gioco dell’internazionalizzazione della sua valuta digitale.

Mentre molto deve accadere prima che tutti i pezzi cadano al loro posto, il piano potrebbe essere già in movimento per la Cina, e per il Bitcoin.

Ein Team von professionellen Entwicklern aus Estland bringt einen neuen Krypto-Austauscher Swep.io auf den Markt . Das Swep.io- Team ist äußerst begeistert davon, sich auf dem Markt einen Namen zu machen, und hat ernsthafte Pläne, seine Ideen zu verbessern und Funktionen hinzuzufügen.

Benutzer von Swep.io können bereits aus mehr als 121 Kryptomünzen auswählen, um legal mit dem Umtausch fortzufahren, wobei die Liste der Münzen in kürzester Zeit nachgefüllt werden muss. Bitcoin Profit ist ein Dienst, der Dienste für den Austausch von Kryptowährungen sowie deren sichere Speicherung vereint und es seinen Kunden ermöglicht, innerhalb kurzer Zeit Geld in sichere Geldbörsen zu überweisen.

Darüber hinaus wird das Team das Partnerprogramm vorstellen, das aktive Benutzer mit angenehmen Boni und der Möglichkeit, passive Einnahmen zu erzielen, begeistern wird.

Die Nutzung der Swep.io- Dienste bietet folgende Vorteile :

Derzeit gibt es einen spürbar positiven Trend bei der Verbesserung der Finanzkompetenz der Bevölkerung, so dass immer mehr Menschen die Feinheiten der Arbeit mit Kryptowährungen verstehen.

Wenn Kryptowährungen entbehrlicher gemacht werden und ein unterstützendes Ökosystem um sie herum geschaffen wird, das sowohl zuverlässige Geldbörsen als auch den Austausch digitaler Assets umfasst, kann dies die weltweite Akzeptanz digitaler Assets erleichtern.

Die wachsende Beliebtheit von Kryptowährungen und die Erweiterung der Möglichkeiten für ihre Verwendung haben zur Entstehung spezialisierter Dienste geführt, die digitale Münzen gegen andere Münzen oder Fiat-Geld eintauschen. Wenn diese Austauscher früher in unverständlichen Internet-Ecken gesucht werden mussten, sind solche Austauscher heutzutage fast bei jedem Schritt. Aus diesem Grund entschied sich Swep.io angesichts der Notwendigkeit würdiger Krypto-Austauscher, die sich durch Zeit und Tat bewährt haben , für die Einführung eines durchdachten und gefragten Produkts. Wie die Entwickler sagen: “Wir arbeiten jeden Tag daran, die Prozesse des Kryptowährungsaustauschs zu verbessern.”

Über Swep.io

Swep.io ist eine lizenzierte Plattform für legale digitale Assets und den Austausch von Kryptowährungen , die ihren Benutzern legale, sichere und schnelle Kryptowährungs-Swaps bietet. Sie können aus mehr als 121 Münzen auswählen, und die Liste der verfügbaren Münzen wird ständig erweitert. Das Unternehmen hat seinen Sitz in Estland und verfügt über alle erforderlichen Genehmigungen und Dokumente, um Aktivitäten im Bereich Kryptowährungen durchzuführen. Unsere Support-Manager stehen Ihnen rund um die Uhr zur Verfügung, um Ihnen zu helfen und Ihre Fragen zu beantworten.