Crypto Brief – January 29th 2021
News
Bitcoin soars 11% after Elon Musk namecheck on Twitter https://t.co/tQvvAwN3ym pic.twitter.com/KQflebpQ9M
— Reuters Business (@ReutersBiz) January 29, 2021
Seeing #bitcoin in @elonmusk’s bio is a beautiful site to wake up to. pic.twitter.com/dtLjjjLLY0
— The Wolf Of All Streets (@scottmelker) January 29, 2021
#Dogecoin has become the most tweeted cryptocurrency of all time, surpassing previous records for #bitcoin, according to @TheTIEIO.
Via @Sebsinclair1989 https://t.co/ymwzMXc2HP
— CoinDesk (@CoinDesk) January 29, 2021
Withdrawals have now been reopened.
Thank you for your patience and welcome to all the new Binancians! https://t.co/iALzMqVyI7
— Binance (@binance) January 29, 2021
Bitcoin investors need to be prepared to “lose all their money,” ECB governing council member Gabriel Makhlouf says https://t.co/QNEvK0eR0g
— Bloomberg Crypto (@crypto) January 29, 2021
Fundamental Analysis
What have crypto ETP volumes done over the past month? Almost tripled. 64% of this volume is from @Grayscale’s GBTC. @CryptoCompare shares more in its latest Digital Asset Management report on our Research Hubhttps://t.co/vkYHcFIRkG pic.twitter.com/gtkzcG9LPb
— CoinDesk Research (@CoinDeskData) January 29, 2021
Have you seen our #Bitcoin Analytics Page?
Learn more about Bitcoin with data points such as on-chain analytics, performance vs traditional assets, the volatility of $BTC, plus more!#Crypto #Cryptocurrency #BTChttps://t.co/f5ptrpnypn
— CoinMarketCap (@CoinMarketCap) January 29, 2021
Charts
Have you also noticed the interest growth in crypto apps in the last two days?
Looks like the WSB case really helps cryptocurrency adoption. pic.twitter.com/hibwS0GhoU
— Igor Igamberdiev (@FrankResearcher) January 29, 2021
Anyone else find it interesting r/ethtrader is leading this metric?https://t.co/5QZyUKgEQJ pic.twitter.com/zK1W1PLor9
— Mika Honkasalo (@mhonkasalo) January 29, 2021
When a single word liquidates $57M in short positions on Binance within 10 minutes #Bitcoin
Chart: https://t.co/9HXxhOtYJ5 pic.twitter.com/jx20Jd5B7u
— Rafael Schultze-Kraft (@n3ocortex) January 29, 2021
Technical Analysis
Left: descending wedge resistance breakout, needs 40 minutes to confirm with a close above 36k
Right: pink line broken, double bottom to be confirmed with a close above. Target around 41K shown. Trading range EQ also broke, should target range highs. pic.twitter.com/SJT10WUAyS
— The Wolf Of All Streets (@scottmelker) January 29, 2021
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