News
A U.S.-based man has installed a cryptocurrency mining rig in the trunk of his BMW i8, running the setup on the auto's hybrid-electric power system.
Via @Tanzeel_Akhtar https://t.co/VsiAafZ8zf
— CoinDesk (@CoinDesk) January 26, 2021
India's central bank says it is exploring the possibility of digital currency (via @Yogita_Khatri5)https://t.co/b4WE0ruj9D
— The Block (@TheBlock__) January 26, 2021
Fundamental Analysis
🌎 #Bitcoin, #crypto inflows hit record last week – CoinShares – Reutershttps://t.co/kcYtcpBZwZ
— Christophe Barraud🛢 (@C_Barraud) January 26, 2021
#Macquarie published a 22-pager primer on #Bitcoin and the devaluation of fiat for their institutional clients.
See you at $100,000 🔥 pic.twitter.com/Q7qbSTWScc
— Mira Christanto (@asiahodl) January 26, 2021
Charts
More institutional cash is finding its way to crypto to capture the spread/basis between spot and bitcoin futures. This helped fuel the "relentless" demand for cash in Q4.
"We will still need to see a lot more cash inflows before spreads normalize." pic.twitter.com/Bv5FvIBBOq
— Frank Chaparro (@fintechfrank) January 26, 2021
#Bitcoin | These 5 charts show why Bitcoin price failed to break $35k https://t.co/U6kkHFgiWz
— Jean-Charles GAND (@jeancharlesgand) January 26, 2021
Big players are entering $ETH
The total volume transacted in transactions >$100k recently reached a new daily high of $13.94b.
This represents a 33x increase compared to a year ago. And this is just starting, as the number of these transactions is still below the 2018 levels. pic.twitter.com/YypOje0KRM
— IntoTheBlock (@intotheblock) January 26, 2021
Technical Analysis
#Bitcoin | Start the day with a bearish engulfing formation on daily chart. Obviously, the pattern will change over the next hours, but for now caution is warranted given what happened following the same pattern on January 20th. pic.twitter.com/AdE88Bt4AS
— Jean-Charles GAND (@jeancharlesgand) January 26, 2021
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