Crypto Brief – January 23rd 2021
News
British police partner with Komainu to custody confiscated crypto-assets (via @RyanJamesWeeks) https://t.co/vDF2GJLCOi
— The Block (@TheBlock__) January 23, 2021
MicroStrategy buys additional bitcoin worth $10 millionhttps://t.co/S7CtC2b3Rg
— The Block (@TheBlock__) January 22, 2021
Fundamental Analysis
Central bankers and crypto-twitter perennially in opposition; analysis of scale of crypto-crime and the prospect for regulation: by @VipinBharathan https://t.co/ytmwBl5HgC
— Forbes Crypto (@ForbesCrypto) January 23, 2021
Charts
Stablecoins in circulation grew ~6x – from $5.8B to $33B in 2020.
2021+ will be explosive with the launch of Diem (Libra) & rise of decentralized stablecoins (Frax, Fei, ESD et al).
Just like email made the Internet mainstream, stablecoins will onboard billions to crypto. pic.twitter.com/Z0wwMXG6gi
— Santiago R Santos (@santiagoroel) January 23, 2021
With the increasing demand for Bitcoin on Ethereum, $WBTC has flipped the market cap of $BSVhttps://t.co/4yMfbBkftq pic.twitter.com/F9q7RfCRrZ
— CoinMetrics.io (@coinmetrics) January 23, 2021
What a week! Bitcoin volatility reached the highest level since April 2020. However, the rise in vol is not as extreme. And so far, traditional markets are relatively tamed. pic.twitter.com/j5jN9XerWB
— CoinDesk Research (@CoinDeskData) January 22, 2021
The number of addresses holding 10,000 $ETH just reached a 13-month high. Over the past 30 days, 32 new whale addresses were created. $ETH balance on exchanges has also just hit a 14-month low, dropping 16% over the past 30 days.
Chart: @glassnode pic.twitter.com/KScTY99ep7
— Bloqport (@Bloqport) January 23, 2021
Technical Analysis
#Bitcoin | pic.twitter.com/AKvepByZyH
— Jean-Charles GAND (@jeancharlesgand) January 22, 2021
In spite of #Bitcoin rebounding nicely to $33,000 today, the #crypto crowd is still looking bearish and hesitant at these levels. According to our PRO metrics, the volume & ratio of positive vs. negative commentary about $BTC is at a 15 week low. https://t.co/thWB5rLpQb pic.twitter.com/NueZZGDVV6
— Santiment (@santimentfeed) January 22, 2021
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