Crypto News Live – Friday Edition and what to expect for the weekend ahead BTC ETH MSTR and COKE

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#Bitcoin #Ethereum #FOMC #Microstrategy #COKE #CMEFutures

Crypto Market
Update

0:00 Intro
0:10 The opinions expressed in the video are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. It is only intended to provide education about the financial industry.

0:20 When Fed indicates it will raise rates it strengthens the dollar
DXY goes up all goes down
A stronger dollar means commodities fall
Being hawkish is when the Fed is guarding against excessive inflation
Tapering – not buying as many treasuries which props up stock mkt
Repo rate up to 0.05% from 0.10% to 0.15%
Fed Weakness = Dollar Strength

3:30 DXY US Dollar Index

4:00 China cracking down on Mining – which we know

5:57 Death Cross Tracker

6:30 BTC Shorts
Highest level since June 2019 – may result in a short squeeze. They bought them cheap and maybe a long-shot play for Death Cross due to happen this weekend

7:10 Steven Cohen – Still Early
I’m fully converted to crypto
You have to pay to learn
You’ve got to get in the game
Focused on the disruptive potential of blockchain technology
I’ve missed the first part, but I still feel like I’m early

8:30 Dan Morehead Pantera Capital
20% of the time under trend
This is the time to buy!
Best to buy when the market is well below trend. Now is one of those times. #Bitcoin has only been this “cheap” relative to its trend 20.3% of the past 11 years. However above this point 80% of the time.

10:00 Why MSTR? Check comparison w BTC
BTC down 20% in one month. MSTR up 32%. Dilution who cares. On ramps results in a juicy premium
Huge spike right before the close – my theory is traders feel BTC could pump over the weekend and they want to get in now rather than wait for gap u in the morning

11:55 Carlitos Antonio Rejala Helman, a deputy of the Nation and member of Congress in Paraguay
“This is Paraguay. In July we legislate! #Bitcoin.”
In Domino Falling News – Paraguay

13:30 Digital asset space is growing by about 113% a year which is twice the speed that the internet
Fastest adoption of any tech in all recorded history
ETH is the front runner right now
Winning network effects, and therefore I think the network is undervalued
Ethereum is growing at about 100%/yr, Bitcoin about 50%/yr
Raoul Pal on Ethereum

14:30 Ethereum Delayed? NOT!
EIP1559 was expected for July 2023
It includes changing the existing fee structure to reduce gas costs
cut into miner revenues by upwards of 50%
No backlash so far
POW to POS

The London hard fork upgrade includes five Ethereum Improvement Proposal (EIP) upgrades, but the star of the show is EIP-1559. An overhaul of Ethereum’s existing fee structure, EIP-1559 is expected to reduce gas costs for users significantly. It may also cut into miner revenues by upwards of 50%, however, which has led to some grumblings about a “miner revolt” which has largely failed to materialize.

16:01 ETH $2200 – Line In The Sand

16:24 ETH Bets Placement
Key Red Arrows #1 is the June 25th Date – lots of losers if ETH falls under 2K. Second one is Big Put buying at $2250. As displayed above, there’s a disproportionate amount of call options at $2,200 and higher strikes. This means that if Ether’s price on June 25 happens to be below this level, 73% of the neutral-to-bullish options will be worthless. The 95,000 call options still in play would represent a $228-million open interest.

18:30 Longevity is king They prioritize vegetables
They go to sleep early
They master discipline and worship consistency
They definitely do not drink poison
In Coca Cola & Crypto News

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Crypto News Live – Friday Edition and what to expect for the weekend ahead BTC ETH MSTR and COKE

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Kane Dane