BTCBitcoin $ 35 401 -15.60% $ -8 907
ETHEthereum $ 2 544 -22.60% $ -1 087
Market Cap-23.10% $ 1 641 340 401 159
DeFi Market Cap-33.90% $ 104 315 430 142
Hey #Moni Maker 🔏
Today, in 1798, Napoleon's Egyptian campaign began. Oh, Bonaparte, what are your wars to us, when the crypto market is burning so that even Moscow in 1812 seems like a small firework in the backyard of a country house?
We keep ourselves in hand. Breathe in. Out. We'll get it back.
Until then, let's read the news! Reading is the best legal way to escape reality. Let’s go!
MicroStrategy has purchased an additional 229 bitcoins for $10.0 million in cash at an average price of ~$43,663 per #bitcoin. As of 5/18/2021, we #hodl ~92,079 bitcoins acquired for ~$2.251 billion at an average price of ~24,450 per bitcoin. $MSTRhttps://t.co/fU6LN4WbKI— Michael Saylor (@michael_saylor) May 18, 2021
MicroStrategy CEO Michael Sailor announced an additional acquisition of 229 BTC for about $ 10 million.
The average purchase price is $ 43,663. In total, the company now owns 92,079 BTC worth about $ 4.5 billion at an average purchase price of $ 24,450.
Well, time to buy more, by the way, Mr. Sailor :) There will be 100,000 bitcoins!
He knows everything about Bitcoin
We've already introduced Tony to you. Now he will live in our digests and maintain a balance between the orgy of the market and adequacy, intelligence and a cold mind. Okay, maestro, let's have a feast in time of the plague! Oh, yes. His Twitter is here. Follow it, or the market will never ever go back.
All models are wrong, some are useful. Part IV: Pi Cycle Top Indicator
The Pi Cycle Top Indicator has historically been effective in picking out the timing of market cycle highs to within 3 days.
It uses the 111 day moving average (111DMA) and a newly created multiple of the 350 day moving average, the 350DMA x 2.
Note: The multiple is of the price values of the 350DMA not the number of days.
For the past three market cycles, when the 111DMA moves up and crosses the 350DMA x 2 we see that it coincides with the price of Bitcoin peaking.
It is also interesting to note that 350 / 111 is 3.153, which is very close to Pi = 3.142. In fact, it is the closest we can get to Pi when dividing 350 by another whole number.
It once again demonstrates the cyclical nature of Bitcoin price action over long time frames. Though in this instance it does so with a high degree of accuracy over the past 7 years.
How It Can Be Used
Pi Cycle Top is useful to indicate when the market is very overheated. So overheated that the shorter term moving average, which is the 111 day moving average, has reached a x2 multiple of the 350 day moving average. Historically it has proved advantageous to sell Bitcoin at this time in Bitcoin's price cycles.
Interactive chart: lookintobitcoin.com
ETH is OK
The United States is the country most interested in Ether (ETH), followed by Germany and Turkey, an analysis of search data has revealed.
A report by Invezz.com, as reported by Finbold, showed 1,116,000 searches per month for the term “Ether” emanating from the United States. Excluding searches by budding chemists, that’s the equivalent of around 36,000 internet searches per day for the world’s No. 2 cryptocurrency by market capitalization.
Germany and Turkey followed close behind with 736,300 and 408,500 searches per month, respectively. Among the top three, Germany contained the most Ether searches per capita, with 9.46 searches per 1,000 internet users, compared to 3.57 in the United States.
After the dump, do people need a new hero? We wonder if ETH will be able to outplay BTC. Although conspiracy theorists from Twitter have repeatedly stated that Elon Musk is trying to push back the first cryptocurrency and replace it with ... ETH?
Is China dumping the market?
China has banned financial institutions and payment companies from providing services related to cryptocurrency transactions and warned investors against speculative cryptocurrency trading.
The statement also says that institutions should not provide services for storing, trusting or pledging cryptocurrencies, or issuing financial products related to cryptocurrencies.
No politics. But for sure! We remember, we remember. Karl Marx wrote in his writings that bitcoin and cryptocurrencies should be banned. Well, remember? ...
Meme of the Day 😄
And you...buy Bitcoin! 😉 (it's a good time!)