Dear Teroxx Community,
This week we saw new bullish movements in nearly all digital assets!
As usual, we are also providing detailed videos for those who want to delve deeper into the subject.
Latest crypto news
Bitcoin’s (BTC) ongoing upward trend seems to have no end, which is why several experts now agree that the market-leading cryptocurrency is rather in a “super uptrend”.
“In the last 4 weeks, retail investors have come back. So we are now only in the middle phase of the uptrend. It’s an uptrend like never before,” says Woo.
Held goes a stage further and says that the re-entry of the general public heralds the “super uptrend”, which Woo affirms with reservations.
The American retail giant Amazon is working on a new service that will enable its customers to pay with digital currencies.
According to a new job advertisement from Amazon, the company is currently setting up a team of developers for the project. The service, called “Digital and Emerging Payments” (DEP), will initially be launched in Mexico.
The head of the European Central Bank (ECB) calls it “unthinkable” that central banks will hold Bitcoin (BTC) as a reserve currency in the near future. “It’s very unlikely, I would even say it’s unthinkable,” as the ECB chief says in reference to possible Bitcoin investments by central banks.
Lagarde, however, is known for her criticism of the market-leading cryptocurrency, which may not be without ulterior motives, as Bitcoin is flourishing just at a time when the ECB is printing masses of new money to keep the European economy afloat in times of Corona crisis.
Technical term of the week
Rock-bottom: The lowest price considered possible for an asset. Colloquially often used to seize opportunities and establish new long-term positions in the market.
Bulish outlook: If Bitcoin can hold the $45,000 level in the long term, the $50,000 level could be attacked.
Bearish outlook: If $40,000 does not hold, the market could be temporarily bearish and lead to further selling.