Rapport: Covid-19 veroorzaakte 50% van de volwassenen tussen 35 en 44 jaar om cryptocurrencies te omarmen

Uit een nieuw onderzoek, dat werd uitgevoerd door het Slowaakse internetbeveiligingsbedrijf Eset, blijkt dat 50% van de 35- tot 44-jarigen betrokken is geraakt bij cryptocurrencies sinds de pandemie. Het cijfer, het hoogste voor elke leeftijdsgroep, onderstreept de rol die de Covid-19-restricties hebben gespeeld in het dwingen van burgers uit zes landen om crypto-activa te omarmen.

Veranderde gewoonten en voorkeuren

Volgens het persbericht van Eset namen in totaal ongeveer 10.000 consumenten deel aan het onderzoek, en van dat aantal kwamen er 2.000 uit de Verenigde Staten. De rest van de respondenten was afkomstig uit het Verenigd Koninkrijk, Australië, Japan, Mexico en Brazilië.

Zoals de bevindingen van de zogenaamde Eset Global Fintech Study suggereren, kunnen de veranderde gewoonten en voorkeuren zijn ingegeven door het „gebrek aan toegang tot fysieke banken tijdens de Covid-19 lockdowns“. Naast het aanwakkeren van het gebruik van cryptocurrencies, hebben de pandemische lockdowns ook bijgedragen aan de opkomst van bankpraktijken die zich houden aan sociale distantieregelgeving.

„(Ongeveer) 30% van de Amerikanen zei dat ze nu vaker online bankieren gebruiken en 30% zei ook dat ze vaker mobiel bankieren gebruiken. Meer geïnteresseerd raken in het beheren van hun eigen financiën (23%) was het op één na populairste antwoord,“ aldus het onderzoeksrapport.

Ondertussen vormen deze nieuwe bevindingen van Eset-onderzoekers de nieuwste toevoeging aan de groeiende hoeveelheid kennis over de rol van de pandemie in het versnellen van het gebruik en de adoptie van cryptocurrencies.

Meer cryptomining gedetecteerd in Q4

Ondertussen wijzen de onderzoekers van Eset, in hun poging om de bevindingen van de laatste studie te stutten, ook naar een andere studie die de opkomst van cryptocurrencies bevestigt. Volgens deze specifieke studie is gedetecteerde cryptominer-activiteit, die „gestaag daalde sinds oktober 2018,“ met 4% gestegen in het vierde kwartaal van 2020. In het verklaren van deze stijging van deze potentieel ongewenste toepassingen (PUA), zeiden de Eset-onderzoekers:

De stijging van cryptominer-detecties lijkt vooral te worden veroorzaakt door de enorme groei van de prijs van bitcoin en andere cryptocurrencies in Q4. Bitcoin rondde het jaar af door zijn all-time high tot dan toe te bereiken, handelend voor meer dan 29.000 dollar per BTC op 31 december 2020.

Aan de andere kant wijzen de onderzoekers ook op de toename van „gerichte ransomware-aanvallen die betalingen in cryptocurrencies eisen“ als een andere indicatie van het stijgende profiel van cryptocurrencies sinds de pandemie.

US billionaire Mark Cuban: Ethereum is better than Bitcoin as a store of value

TV personality and investor Mark Cuban believes Ethereum could be a better store of value than Bitcoin.

Shark Tank: Ethereum vs. Bitcoin

In a recent podcast with the DeFi blog “The Defiant”, billionaire and investor Mark Cuban explains that Ethereum (For instructions on how to buy Ethereum ) could be the future of store of value. Cuban, famous for his appearance on the television series „Shark Tank“, believes that ETH could even outperform Bitcoin (BTC) in this area.

Cuban’s comments surprise few who know him. He has questioned BTC in the past, calling its price hikes bubble-like. In addition, the sports billionaire also made his enthusiasm for smart contracts clear in the podcast.

In general, however, Cuban is a fan of cryptocurrencies. He instructed his basketball team, the Dallas Mavericks, to accept payments in cryptocurrency.

In addition, in a recent ask-me-anything (AMA) on Reddit, Cuban revealed its cryptocurrency holdings, which include the Aave (AAVE) decentralized finance project.

The celebrity effect

Cuban isn’t the only celebrity or billionaire interested in the cryptocurrency and blockchain space. As already reported in detail, Tesla CEO Elon Musk is a big crypto fan.

The eccentric billionaire and owner of SpaceX tweets about the eternal meme cryptocurrency, Dogecoin (DOGE). Last year when Musk tweeted „One Word: Doge,“ the cryptocurrency jumped over 1000%.

Indeed, the billionaire’s continual tweeting about cryptocurrencies led to a study looking at the impact of those tweets on crypto prices.

Unsurprisingly, the study found a significant „abnormal effect“ of Musk on both DOGE and BTC.

Musk’s popularization of cryptocurrencies on Twitter even led a number of other celebrities, including Snoop Dogg, to endorse DOGE, thereby confirming his mainstream meme status.

A new class

Although celebrities may see the cryptocurrency space as a vehicle for entertainment, a new class of companies that own cryptocurrencies are seriously investing in the space.

For example MicroStrategy. The business analytics firm made headlines in December for its offer to raise $ 600 million, all for BTC.

Recently the company bought the top cryptocurrency worth $ 10 million. Additionally, Musk recently revealed in a filing that it bought out $ 1.5 billion in BTC in January.

Celebrities tend to follow popular culture and vice versa. When Cuban, Musk and Snoop Dogg show interest in the industry, investment advice aside, they reflect the public interest.

El alcalde de Miami apunta a ‚las leyes criptográficas más progresistas‘

“Queremos asegurarnos de creer que si todas las cosas son iguales, ganamos”, dijo el alcalde Francis Suárez.

Francis Suarez, quien se ha desempeñado como alcalde de Miami desde 2017, quiere hacer de la ciudad la más atractiva de los Estados Unidos para aquellos en la industria de las criptomonedas y blockchain

En una entrevista con Forbes publicada el domingo, Suárez dijo que los legisladores en Miami estaban investigando las políticas de áreas amigables con el cifrado como Wyoming y Nueva York en un esfuerzo por promover incentivos regulatorios para cripto y blockchain en Florida.

“[Miami] se está asegurando de que tengamos las leyes de cifrado más progresistas”, dijo Suárez. “Queremos asegurarnos de creer que si todas las cosas son iguales, ganamos. Entonces, solo queremos igualar el campo de juego. Queremos asegurarnos de que nadie tenga una ventaja sobre nosotros en base a leyes que se pueden cambiar fácilmente ”.

El alcalde Suárez no describió la carrera para ser el ganador regulatorio como una pelea entre legisladores en otras jurisdicciones. Por el contrario, le dio a Wyoming „felicitaciones por ser inteligente“ al atraer empresas de cifrado, pero agregó que „todas las ciudades de Estados Unidos y del mundo deberían intentar hacer crecer su ecosistema tecnológico“.

„Estamos trabajando para asegurarnos de que nuestros incentivos estén en su lugar y que nuestra legislación promueva la criptografía y la cadena de bloques y sea progresista“

El alcalde ya ha hecho varias declaraciones alcistas sobre Bitcoin ( BTC ) y las criptomonedas en las últimas semanas, incluida la posibilidad de que Miami considere permitir que los empleados de la ciudad reciban su pago en BitQT en lugar de dólares estadounidenses. También propuso permitir que los residentes de Miami paguen las tarifas e impuestos locales utilizando cripto, así como invertir parte del tesoro de la ciudad en Bitcoin, una tarea que llamó „la más difícil“ de las tres ideas.

Ya ha hablado con algunas figuras de alto perfil en la comunidad criptográfica, incluida una reunión con los cofundadores de Gemini, Tyler y Cameron Winklevoss. A principios de este mes, Tyler dijo que el alcalde está „liderando el camino para los gobiernos y Bitcoin“.

El alcalde Suárez no proporcionó un cronograma sobre cuándo estas acciones pueden entrar en vigencia para los 450,000 residentes de Miami, pero algunos en la comunidad criptográfica aparentemente se han dado cuenta. La semana pasada, Bitcoin 2021 anunció que se trasladaría de Los Ángeles a Miami para su conferencia de criptografía de junio.

Ripple – anonymous person transfers almost 100 million XRP to Coinbase

Recently, the crypto tracking service Whale Alert announced that an anonymous person reportedly transferred nearly 100 million XRP to the crypto exchange Coinbase.

On January 26, 2021 , Whale Alert published the news via Twitter

Accordingly, an anonymous user would have transferred XRP worth an unbelievable 26,766,003 million US dollars to Coinbase. A technical analysis would have shown, however, that the donation was an internal transaction, i.e. a transaction between two Bitcoin Evolution software wallets.

Even before a possible internal transaction became known, the news made some Twitter users sit up and take notice. Many of them found the transfer, which was received anonymously, strange. Twitter user Austin Edwards said :

That makes no sense …

At the end of last year the US Securities and Exchange Commission sued Ripple and classified XRP as a security. At that time, CEO Brad Garlinghouse and former CEO and co-founder Chris Larsen had to answer for the sale of XRP as an unregistered security. BTC-ECHO reported on the incidents. A week later, Coinbase also received a lawsuit from the SEC alleging that the exchange allowed illegal XRP sales and made a profit.

Since then, many have asked whether the indictment could mean the end of the cryptocurrency , as it is likely to become increasingly difficult, especially for Americans, to find a trading venue for XRP. Despite the indictment towards the end of last year, Ripple recorded approximately three million transactions in 2020. This corresponds to a five-fold growth volume compared to the previous year. The so-called on-demand liquidity solution (ODL) from Ripple, which is responsible for 2.4 billion US dollars of the total volume, is responsible for this. According to RippleNet GM Asheesh Birla, the greatest demand for XRP is currently in Asia. For the year 2021, Ripple has set itself the goal of also carrying out transactions with B2B transactions and e-commerce payments.

Corsia Generazionale: Bitcoin è un bene „reale, investabile“

IN BREVE

  • Fred Lane di Lane Generational ha spiegato su Fox Business perché gli piace Bitcoin.
  • Lane ritiene che i mercati statunitensi abbiano visto il top ed è improbabile che crescano.
  • Ha detto che sta trasferendo la maggior parte dei suoi clienti in Bitcoin.

Lane Generational CEO spiega che sta trasferendo i suoi clienti in Bitcoin. L’investitore ha detto che l’esuberanza irrazionale per il vaccino era ingiustificata.

Chiamare il Top

Parlando con Fox Business l’11 dicembre 2020, il CEO di Lane Generational Fred Lane ha discusso le prospettive dei mercati, arrivando a definire Bitcoin Era un „porto sicuro“.

Con i futures azionari sottoperformanti, Lane non si è sorpreso. Infatti, ha sottolineato alcuni aspetti che i mercati hanno superato. Da un lato, la crescita dell’11% nel quarto trimestre dell’economia statunitense, più una grande quantità di crescita prevista per il 2021, era già „cotta in“ per le azioni.

Allo stesso modo, le grandi aziende tecnologiche che si erano radunate da marzo, pensava, non potevano vedere una crescita continua. Gran parte dei loro prezzi si basava sulla capacità di lavorare e di funzionare a distanza, un’esigenza che potrebbe ridursi nel 2021.

Una di quelle star del settore tecnologico era probabilmente Facebook. Il governo degli Stati Uniti ha recentemente applicato le leggi antitrust per fare causa a Facebook. Essi sostengono che il gigante ha esteso il suo raggio d’azione e ha volutamente annullato la concorrenza.

Un rifugio sicuro

L’ancora della Fox Maria Bartiromo ha chiesto a Lane dove stava investendo il denaro del suo cliente. In primo luogo, disse che non era cambiato molto. Lane avrebbe continuato a investire in aziende che credeva fossero dei traslocatori e dei disgregatori.

Ma l’altro grande asset che gli interessa è la Bitcoin. L’amministratore delegato di Dover, con sede a MA, ha detto che stava trasferendo tutti i clienti in Bitcoin (che erano disposti a farlo) e che lo vedeva come un „bene reale e investabile“.

Perché solo Bitcoin

Tuttavia, i suoi acquisti in crypto erano limitati. Attualmente, Lane scommette solo su Bitcoin, e non su altre valute crittografiche, a causa dei suoi attributi unici.

„Ricordate, il Bitcoin è stato progettato in modo da poter produrre solo 21 milioni di monete in totale“, ha detto Lane. Anche la capitalizzazione di mercato di circa 400 miliardi di Bitcoin è „relativamente piccola in questo momento“.

Ha continuato:

„Poiché non c’è un aumento dell’offerta potenziale… l’offerta rispetto alla nuova creazione è inferiore a quella dell’oro nel tempo. Quindi pensiamo che sia una forma di oro digitale“.

L’investitore ha anche spiegato che la maggior parte delle altre valute crittografiche si applicano solo a determinate applicazioni. Lane ha spiegato le sue ragioni e il motivo per cui rispetta il resto del mercato delle valute crittografiche in un documento sul suo sito web.

Lane non è che uno dei tanti investitori tradizionali che si fanno coinvolgere nel mercato delle valute crittografiche. Ieri la Mass Mutual ha acquistato 100 milioni di dollari in bitcoin. E recentemente Grayscale ha aggiunto altri 240 milioni di dollari in più ai suoi fondi fiduciari, per non parlare del crescente interesse per l’Ethereum da parte dei grandi investitori.

Il dimezzamento di Bitcoin ha aiutato la BTC ad aumentare i prezzi di quest’anno, dice Frank Holmes, l’insetto d’oro.

Il bug dell’oro Frank Holmes, CEO e chief investment officer di U.S. Global Investors, ha rivelato di ritenere che l’evento di dimezzamento della Bitcoin abbia aiutato il prezzo dell’aumento di valuta di punta di quest’anno, in quanto la domanda è stata costante ma l’offerta è calata.

Durante un’intervista con Kitco, riportata per la prima volta da Bitcoin.com, Holmes ha rivelato di essere entusiasta sia del bitcoin che dell’oro, ma ha notato che il crescente numero di portafogli bitcoin ha dimostrato che c’è una domanda per la criptovaluta mentre la gente sta „abbracciando il bitcoin“, in una tendenza che è cresciuta negli ultimi tre anni in un „bel trend costante“, ha detto.

Il bug dell’oro ha aggiunto che il dimezzamento delle ricompense dei blocchi, che ha avuto luogo nel maggio di quest’anno e ha visto le ricompense dei blocchi scendere da 12,5 BTC a 6,25 BTC per blocco, ha aiutato il prezzo a salire e avrebbe fatto lo stesso per il metallo prezioso. Ha detto:

Se domani, se tutte le miniere d’oro del mondo dicessero che taglieremo l’offerta del 50%, posso assicurarvi che l’oro sarà a 10.000 dollari.

Volgendo la sua attenzione all’Ethereum, Holmes ha osservato che il prezzo della criptovaluta potrebbe anche essere salito, dato che la fornitura è diminuita una volta che gli utenti hanno bloccato milioni di ETH sul contratto ETH 2.0 fase 0, che ha dato il via al lancio del tanto atteso aggiornamento della rete.

Anche gli sviluppi nel settore della finanza decentralizzata (DeFi) hanno contribuito alla crescita dell’Ethereum, e la criptovaluta potrebbe ben presto raggiungere gli stessi risultati che Bitcoin Rush ha ottenuto quest’anno. Per quanto riguarda il metallo prezioso, Holmes ha detto di vedere un aumento fino al 40% nel 2021, rischiando una previsione di prezzo di „2.200-2.600 dollari per oncia“.

Secondo le sue parole, un „movimento di deviazione a due standard, che accade così spesso negli ultimi 21 anni“ può aiutare l’oro a muoversi tra i 400 e gli 800 dollari in più nei prossimi 12 mesi. Vale la pena di notare che anche il metallo prezioso ha raggiunto quest’anno un nuovo massimo storico.

‚Bitcoin-Familie‘: Diese fünfköpfige niederländische Familie hat sich vor vier Jahren für $BTC eingesetzt

Ende 2016 beschlossen Didi Taihuttu und Romaine Taihuttu Smits, die aus der niederländischen Stadt Venlo stammen, alles, was sie besitzen, zu verkaufen, ihre Bank-/Rentenkonten zu leeren und alles auf Bitcoin zu setzen.

Wie das niederländische Ehepaar, das drei Kinder (Joli, Juna und Jessa) hat, in ihrem ersten Blog-Post (mit dem Titel „Lasst uns die Familie kennenlernen“), der am 3. Juni 2017 veröffentlicht wurde, erklärte, beschlossen sie, etwas für ihren Traum zu tun, „die Welt zu erforschen“, obwohl sie „ein nettes und gesundes Unternehmen“ besaßen.

Da Didi (der Ehemann) „am Rande eines Burnout“ stand und sie als Familie dringend „eine Pause brauchten“, liquidierten sie ihr gesamtes Vermögen und begannen ihr neues Leben, indem sie Flugtickets nach Bangkok, Thailand, buchten.

Anfang dieser Woche gab die „Bitcoin-Familie“ ein Interview mit MacKenzie Sigalos, einem Senior Producer von CNBC Digital, der am 5. Dezember einen auf diesem Interview basierenden Artikel veröffentlichte. Hier konzentrieren wir uns auf einige Highlights aus diesem Artikel.

Dem CNBC-Artikel zufolge ging die Bitcoin-Familie bei einem Preis von ca. 900 $ voll auf Bitcoin ein. Dann gaben sie sich selbst das Versprechen, niemals für irgendwelche Waren/Dienstleistungen zu bezahlen, bis sie „eine Person gefunden hatten, die bereit war, Bitcoin zu akzeptieren“.

Seitdem die Bitcoin-Familie ihr neues Leben begann, haben sie Zeit in 40 Ländern verbracht. Trotz der zunehmenden Beliebtheit von Kryptowährungen in den letzten Jahren war es zeitweise schwierig, nur mit Bitcoin zu bezahlen, aber laut dem CNBC-Artikel „hat es die Familie durch eine Kombination aus Tauschhandel, Feilschen, Bitcoin-Debitkarten und dem Überzeugen von Verkäufern, die Kryptowährung zu akzeptieren, geschafft, einen Großteil Europas, Asiens und Ozeaniens zu durchqueren“.

Die Bitcoin-Familie sagt, dass die Bitcoin-freundlichste Stadt, die sie besucht haben, Ljubljana ist, die Hauptstadt Sloweniens, wo sie fast alles (z.B. Kinokarten und Autoreparaturen) mit Bitcoin bezahlen konnten.

sagt Didi:

„Meiner Meinung nach kann jedes Land, jede Stadt auf der Welt Bitcoin in gleicher Weise als Wertaufbewahrungsmittel, Zahlungsmittel oder Peer-to-Peer-Bargeld einsetzen. Das ist es, was uns immer wieder dazu treibt, die Welt zu erforschen“.

Er fuhr fort: „Nur weil sie Bitcoin als Tauschmittel verwendet haben, bedeutet das nicht, dass Bitcoin kein wertvolles Gut ist:

„Ich glaube, dass Bitcoin langsam immer mehr zu einem Wertaufbewahrungsmittel wird. Wir sehen Bitcoin als einen Baustein aus digitalem Gold, der den Wert speichert und manchmal enorm steigert, aber Sie können diesen Baustein aus Gold auch in ein Geschäft mitnehmen und damit bezahlen.

Laut ihrem Instagram-Blog besucht die Bitcoin-Familie derzeit Lagos, eine Stadt in der südportugiesischen Algarve. Zusätzlich zu ihrem Blog auf ihrer Website und ihrem Blog auf Instagram dokumentiert die Bitcoin-Familie ihre Abenteuer auf ihrem YouTube-Kanal.

Bitcoin nousee uuteen kaikkien aikojen korkeimpaan 3 pörssiin, 100% BTC: n omistajista voittona

Bitcoin on rikkonut Binancen, Bitstampin ja Krakenin ATH: n ja lyönyt 20 000 dollaria CME: lle – samana päivänä USD teki tuoreita 2020 matalia.

Kyllä, me vihdoin teimme sen. Bitcoin nousi kaikkien aikojen korkeimmalle muutamassa pörssissä

Kun viime viikolla markkinat odottivat uusia huippuja, digitaalinen omaisuus laski 16 300 dollariin, ja tällä viikolla, kun on odotettavissa uutta vetäytymistä, Bitcoin nousi kaikkien aikojen korkeimmalle .

Bitcoin ei ole vielä rikkonut 20 000 dollaria spot-pörsseissä, mutta useissa pörsseissä on asetettu uusi huippu.

Kolme kryptovaluutanvaihtoa kirjasi tänään uuden ATH: n, johon liittyy Binance , Bitstamp ja Kraken ylittämällä vastaavasti 19 798 dollaria, 19 666 dollaria ja 19 660 dollaria.

Emme ole vielä tekemään uuden korkealla Coinbase , Bitfinex , Gemini , ja BitMEX

Vaikka BTC ei ole vielä lyönyt makeaa 20 000 dollaria, osuimme siihen Bakktin ja CME: n futuurimarkkinoille.

Välittömässä pudotuksessa pumpun jälkeen uusille korkeuksille, joiden BTC on tällä hetkellä noin 19150 dollaria, Kraken näki Bitcoinin olevan niin alhainen kuin 16600 dollaria, toisin kuin muut pörssit, joissa BTC meni vain noin 19000 dollaria.

Näiden voittojen ansiosta 100% Bitcoinin kiertävästä tarjonnasta on tällä hetkellä voittoa.

”Jos kaikki haluavat jotain kaupankäynnissä, niin ei koskaan. 19K: n kohdalla kaikki odottivat „yhden lisäpainalluksen“ 20K: ksi, me vietimme sen sijaan 3K. 16K: n kohdalla kaikki odottivat „deadcat-pomppimista“ 18K: ksi ja sitten 14K: ksi, joten puristimme lyhyeksi 20K: ksi „, totesi Capriole Investmentsin perustaja Charles Edwards. „Markkinat ovat punnituslaitteet.“

PayPal: 65% of crypto users willing to use Bitcoin (BTC) for their purchases

The arrival of PayPal in the crypto sector had the effect of a bomb in the ecosystem. And it seems that the bet is justified, since the vast majority of users of the service would be ready to settle their purchases with Bitcoin (BTC).

PayPal users particularly hungry for Bitcoin (BTC) and cryptocurrencies

The crypto services of PayPal, which now offers the purchase of Crypto Superstar and altcoins , had seen considerable and unexpected success . So much so that the payments giant had in haste opened the service to all users in the United States.

But a size limitation exists. PayPal crypto wallet users cannot send Bitcoin or altcoins outside of the platform . So that means they can’t use it to make payments. PayPal has also shown limited in trade , suspending an account that was used for trading , while he respected the terms of use.

Will PayPal unblock Bitcoin (BTC) payments?

Will PayPal’s limitations be sufficient to prevent new users from turning to these services? It seems not, according to a study by Mizuho Securities USA . 65% of crypto holders on PayPal would thus be ready to use Bitcoin as a currency, with the 28 million merchants connected to the service.

Notably, 17% of PayPal users have reportedly used their accounts to buy and sell Bitcoin in the past. And funds are important: PayPal users who have cryptocurrency do indeed handle a higher volume than fiat currencies. Half of them also report having used the PayPal application more since it enabled the purchase and sale of cryptocurrencies.

It would therefore seem that the limitations reported by users of PayPal’s crypto services will not therefore slow down a possible adoption , if the company unblocks the use of Bitcoin (BTC) as a means of payment. If this were the case, PayPal could carve out a substantial slice of the pie within the crypto ecosystem.

Bitcoin conquers decisive level – but could still crash to $16K

Bitcoin conquers level – could still crash to $16K

Bitcoin has entered a strong upward trend in the period following the recent sell-off, with the bulls having largely absorbed the selling pressure.
After falling to lows at $16,400, the crypto currency experienced a massive rally that has now taken it above $18,000.
Bitcoin’s current momentum shows little sign of slowing, and there is a strong likelihood of further rallies in the near future.
However, one trader notes: „It is now imperative that the bulls hold Bitcoin above $17,700-17,850.
He points out that a breach below that support could cause Crypto Nation Pro to be pulled down to the $16,000 region.

Bitcoin and the rest of the crypto market is currently in a rally – even the recent Bitcoin sell-off has done little damage to the market as the bulls try to make up for all losses.

BTC is now trading above $18,000 again and shows no signs of slowing down. Should this level become a support, it could allow for considerable further growth in the coming days and weeks.

One trader is now commenting that holding above the upper $17,000 region is crucial for the market to move higher – and that a breach below this price range could open the gates for a decline towards $16,000.

Bitcoin gains momentum, bears falter

Currently, Bitcoin (Buy Now? Click here for instructions) is listed at a price of $18,455. This represents a remarkable increase from the lows of $16,400 reached at the end of the recent sell-off.

The strength the aggregate market has seen lately seems to indicate that further upside potential is imminent – and that this recent sell-off was simply another „buy-the-dip opportunity.

For this to be confirmed, however, BTC must show signs of stability in the coming days and weeks.
Trader: For a further upward trend, BTC has to stay in the upper $17,000 region

One trader tweets that Bitcoin must remain stable above $18,000 for the market to maintain its momentum.

He points to the upper $17,000 region as the key support area and comments that a downward breach could open the gates for a move towards $16,000.

„The key level to maintain is the $17,700-17,850 level. If that is lost, we will probably see the 16 again.“

Picture courtesy of Michaël van de Poppe.

The coming days should give some insight into the strength of this ongoing upswing. A sustained upward trend should allow for further significant gains in the coming days and weeks.