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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin and Ether traded little changed Friday morning in Asia, with most other tokens on the top 10 list of non-stablecoin cryptocurrencies losing ground. XRP and Polygon led the losers, while Cardano’s Ada token continued its run higher.\nSee related article:MoneyGram seeks to seal parts of its filings in the XRP lawsuit between Ripple, SEC\n• Bitcoin dipped 0.13% to US$16,839 in the last 24 hours to 8 a.m. in Hong Kong. Ether slipped 0.44% to US$1,250, according toCoinMarketCap data. Bitcoin is up more than 1% in the first calendar week of 2023, while Ether has added more than 4%.\n• XRP lost 2.71% to US$0.338 and is off about 1.3% on the week. Polygon fell 2.21% to US$0.788, but held gains of more than 1% over the past seven days. Tron dropped 1.85% to US$0.0537 and is little changed on the week.\n• Cardano was the only gainer among the top 10 crypto, adding 0.56% to US$0.2691. Ada, the native token for the Cardano proof-of-stake blockchain, has seen gains of 10% over the last week. One bullish factor is areportby payment processor CoinGate saying the token in 2022 entered the top 10 list of most used cryptocurrencies for the first time.\n• The total cryptocurrency market capitalization dipped 0.46% to US$817.45 billion. Trading volume fell 23.83% to US$27.26 billion.\n• The collapse of the FTX exchange continued to rumble through the crypto industry in the first week of New Year, doing damage to companies associated with it. Crypto bankSilvergate Capital cut 40%of its staff after facing US$8.1 billion in withdrawals sparked by the FTX failure in November. Crypto lender Genesis Global Trading also reportedly cut its headcount by 30% and is considering filing for bankruptcy, according to theWall Street Journal, which cited people familiar with the developments.\n• U.S. equities finished lower on Thursday as concerns about a recession returned to prominence after the Federal Reserve made clear its intention to stamp out inflation with a potentially longer run of interest rate hikes. The Dow Jones Industrial Average fell 1% and the S&P 500 Index dropped 1.16%. The Nasdaq Composite Index lost 1.47%.\n• Some recent U.S. indicators suggest inflation is easing, such as the Institute for Supply Management’s manufacturing index released this week and falling to 48.4 to indicate an economic contraction. However, the Federal Reserve’s December meeting minutes released on Wednesday showed it will maintain a policy to raise interest rates to curb inflation.\n• The U.S. Consumer Price Index (CPI) showed that inflation was up 7.1% in November compared to 2021, albeit a steady decline from October’s 7.7% and 8.2% in September. The December CPI will be announced on Jan. 12.\nSee related article:Silvergate cuts 40% of staff after covering US$8.1B withdrawals in FTX collapse', 'Bitcoin and Ether traded little changed Friday morning in Asia, with most other tokens on the top 10 list of non-stablecoin cryptocurrencies losing ground. XRP and Polygon led the losers, while Cardano’s Ada token continued its run higher.\nSee related article:MoneyGram seeks to seal parts of its filings in the XRP lawsuit between Ripple, SEC\n• Bitcoin dipped 0.13% to US$16,839 in the last 24 hours to 8 a.m. in Hong Kong. Ether slipped 0.44% to US$1,250, according toCoinMarketCap data. Bitcoin is up more than 1% in the first calendar week of 2023, while Ether has added more than 4%.\n• XRP lost 2.71% to US$0.338 and is off about 1.3% on the week. Polygon fell 2.21% to US$0.788, but held gains of more than 1% over the past seven days. Tron dropped 1.85% to US$0.0537 and is little changed on the week.\n• Cardano was the only gainer among the top 10 crypto, adding 0.56% to US$0.2691. Ada, the native token for the Cardano proof-of-stake blockchain, has seen gains of 10% over the last week. One bullish factor is areportby payment processor CoinGate saying the token in 2022 entered the top 10 list of most used cryptocurrencies for the first time.\n• The total cryptocurrency market capitalization dipped 0.46% to US$817.45 billion. Trading volume fell 23.83% to US$27.26 billion.\n• The collapse of the FTX exchange continued to rumble through the crypto industry in the first week of New Year, doing damage to companies associated with it. Crypto bankSilvergate Capital cut 40%of its staff after facing US$8.1 billion in withdrawals sparked by the FTX failure in November. Crypto lender Genesis Global Trading also reportedly cut its headcount by 30% and is considering filing for bankruptcy, according to theWall Street Journal, which cited people familiar with the developments.\n• U.S. equities finished lower on Thursday as concerns about a recession returned to prominence after the Federal Reserve made clear its intention to stamp out inflation with a potentially longer run of interest rate hikes. The Dow Jones Industrial Average fell 1% and the S&P 500 Index dropped 1.16%. The Nasdaq Composite Index lost 1.47%.\n• Some recent U.S. indicators suggest inflation is easing, such as the Institute for Supply Management’s manufacturing index released this week and falling to 48.4 to indicate an economic contraction. However, the Federal Reserve’s December meeting minutes released on Wednesday showed it will maintain a policy to raise interest rates to curb inflation.\n• The U.S. Consumer Price Index (CPI) showed that inflation was up 7.1% in November compared to 2021, albeit a steady decline from October’s 7.7% and 8.2% in September. The December CPI will be announced on Jan. 12.\nSee related article:Silvergate cuts 40% of staff after covering US$8.1B withdrawals in FTX collapse', 'Bitcoin and Ether traded little changed Friday morning in Asia, with most other tokens on the top 10 list of non-stablecoin cryptocurrencies losing ground. XRP and Polygon led the losers, while Cardano’s Ada token continued its run higher. See related article: MoneyGram seeks to seal parts of its filings in the XRP lawsuit between Ripple, SEC Fast facts Bitcoin dipped 0.13% to US$16,839 in the last 24 hours to 8 a.m. in Hong Kong. Ether slipped 0.44% to US$1,250, according to CoinMarketCap data . Bitcoin is up more than 1% in the first calendar week of 2023, while Ether has added more than 4%. XRP lost 2.71% to US$0.338 and is off about 1.3% on the week. Polygon fell 2.21% to US$0.788, but held gains of more than 1% over the past seven days. Tron dropped 1.85% to US$0.0537 and is little changed on the week. Cardano was the only gainer among the top 10 crypto, adding 0.56% to US$0.2691. Ada, the native token for the Cardano proof-of-stake blockchain, has seen gains of 10% over the last week. One bullish factor is a report by payment processor CoinGate saying the token in 2022 entered the top 10 list of most used cryptocurrencies for the first time. The total cryptocurrency market capitalization dipped 0.46% to US$817.45 billion. Trading volume fell 23.83% to US$27.26 billion. The collapse of the FTX exchange continued to rumble through the crypto industry in the first week of New Year, doing damage to companies associated with it. Crypto bank Silvergate Capital cut 40% of its staff after facing US$8.1 billion in withdrawals sparked by the FTX failure in November. Crypto lender Genesis Global Trading also reportedly cut its headcount by 30% and is considering filing for bankruptcy, according to the Wall Street Journal , which cited people familiar with the developments. U.S. equities finished lower on Thursday as concerns about a recession returned to prominence after the Federal Reserve made clear its intention to stamp out inflation with a potentially longer run of interest rate hikes. The Dow Jones Industrial Average fell 1% and the S&P 500 Index dropped 1.16%. The Nasdaq Composite Index lost 1.47%. Some recent U.S. indicators suggest inflation is easing, such as the Institute for Supply Management’s manufacturing index released this week and falling to 48.4 to indicate an economic contraction. However, the Federal Reserve’s December meeting minutes released on Wednesday showed it will maintain a policy to raise interest rates to curb inflation. The U.S. Consumer Price Index (CPI) showed that inflation was up 7.1% in November compared to 2021, albeit a steady decline from October’s 7.7% and 8.2% in September. The December CPI will be announced on Jan. 12. See related article: Silvergate cuts 40% of staff after covering US$8.1B withdrawals in FTX collapse', 'While the world continues to reel from how far artificial intelligence has come with projects like ChatGPT, Chinese researchers recently claimed that they have been able to crack encryption using quantum computing\x97something scientists have assumed was years away from happening. A group of Chinese researchers published a " scientific paper " last month that said they used quantum computers to break a standard RSA algorithm that many industries\x97including banking, mobile phones, and data storage\x97use for their encryption measures. According to the Financial Times , the Chinese researchers said they had used their algorithm to factor a number with 48 bits on a quantum computer with ten qubits (quantum bits) and that they had not yet tried to scale it up to work on a much bigger system. Researchers Suggest Quantum Computers Only a Decade From Cracking Bitcoin While the claim has raised some concern about the state of the art in security, many experts consider the breakthrough to be impossible\x97at least for now. "A colleague of ours calls it the biggest hoax he has seen in about 25 years," Global Quantum Intelligence CEO & Co-Founder Andre Konig told Decrypt in an interview. "The paper itself doesn\'t announce anything really new." Konig calls the paper\'s claims hype-driven and a spin on existing methodologies and approaches, lacking a proof of concept that would demonstrate the successful breaking of current encryption standards. What is Encryption? Encryption helps protect information from being accessed even when it\'s intercep
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-01-06
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $324,633,474,262
- Hash Rate: 305064103.23047346
- Transaction Count: 276071.0
- Unique Addresses: 685990.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.26
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Mike Novogratz is one of the richest people in crypto. Lucas Jackson/Reuters Mike Novogratz believes it'll take longer than he previously expected for bitcoin to hit $500,000. Federal Reserve rate hikes have suppressed the token's value this year, the Galaxy Digital CEO said. Novogratz had previously predicted bitcoin would hit $500,000 within five years. Bitcoin now faces a tougher path to eventually reaching $500,000, according to Mike Novogratz — with the Galaxy Digital chief executive backing down from his previous prediction that the token would hit that level within five years. Novogratz said in a recent interview that the Federal Reserve's monetary-tightening campaign led by chairman Jerome Powell has been the key factor that caused bitcoin's price to plunge 63% to just under $17,000 this year. "No, not in five years," he told Bloomberg TV when asked about a previous prediction he'd made that bitcoin would hit $500,000 by 2027. "The biggest change that has happened and the real reason bitcoin went down from $69,000 to near $20,000 is that Jay Powell decided to find his central banking superpowers and start bashing inflation over the head with a series of rate hikes," Novogratz added. The Fed has raised interest rates by an outsized 75 basis points at each of its last four meetings in a bid to crush inflation, which hit forty-year highs before easing modestly to 7.7% in October. That has weighed on economic growth and tech stocks as well as digital assets — which are now mired in a brutal slump that some have labeled a crypto winter. The industry has also faced a string of high-profile bankruptcies including asset manager Three Arrows Capital, lending firms BlockFi and Celsius and Sam Bankman-Fried's exchange FTX, which collapsed last month after suffering a solvency crisis. Those implosions won't weigh on bitcoin's long-term price, according to Novogratz. "The Fed's in control and they're doing a darn good job and that's the main reason why crypto went down," he said. "The rest of this malarkey that we've had between Three Arrows and BlockFi and Celsius and all these companies that were either poorly run or fraudulently run certainly is hurting the overall confidence in crypto." Story continues "But this too shall pass – they will be brushed off into the dustbin of history and the industry itself is going to emerge having learned lessons and you're going to see the price take back off," Novogratz added. Read more: Sam Bankman-Fried urges crypto investors to put their money in exchanges that don't do business like FTX Read the original article on Business Insider...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['The S&P 500 traded higher in the opening week of 2023 on optimism the Federal Reserve is making progress on taming inflation.\nOn Friday, the Labor Department reported the U.S. economy added223,000 jobsin December, exceeding economist estimates of 200,000 new jobs. However, wage growth dropped to just 4.6% in the month, indicating to investors that inflation is still trending lower.\nOn Wednesday, the Federal Open Market Committee released its Novembermeeting minutes, and the Fed\'s language suggested a pivot to interest rate cuts might not come as soon as some investors had hoped. The Fed said it was "likely to take some time" before the Fed was convinced inflation was on a "sustained downward path" to its 2% long-term target.\nElectric vehicle maker Teslareported 405,278fourth-quarter vehicle deliveries on Tuesday, missing analyst expectations of 420,760 deliveries and sending Tesla shares down to new multi-year lows. The Tesla sell-off continued on Friday morning after the company cut prices on its Model Y and Model 3 EVs in China for the second time in three months.\nThe Federal Reserve, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency issued ajoint statementon Tuesday warning banks about the dangers of "frauds and scams" in the cryptocurrency market and "contagion risk within the crypto-asset sector." The statement came after the November collapse of cryptocurrency exchange FTX sent Bitcoin prices tumbling to their lowest levels in roughly two years.\nLamb Weston shares gained more than 10% this week after the frozen potato company reported a fiscal second-quarter earnings beat and raised its 2023 earnings guidance.\nIn the week ahead, fourth-quarter earnings season kicks off with reports from Bed, Bath & Beyond on Tuesday and big bank stocks Bank of America, Wells Fargo, Citigroup and J.P. Morgan Chase on Friday.\nAnalysts expect S&P 500 energy companies to report 64.4% earnings growth in the fourth quarter, the highest of any market sector, accordingto FactSet.\nIn the wake of the positive jobs report, Wall Street will get more key economic updates on Thursday when the U.S. Labor Department releases its December Consumer Price Index reading and on Friday when the University of Michigan releases its preliminary January U.S. Consumer Sentiment Index reading.\nMore:Southfield auto lender accused of predatory deals, setting up buyers to fail\nMore:Scammers pretend to be from your bank to drain your savings\nBenzingais a financial news and data company headquartered in Detroit.\nThis article originally appeared on Detroit Free Press:Don\'t expect interest rate cuts anytime soon', "Most people don’t think about the Federal Reserve very often, and only a select few contemplate the effects that the U.S. central bank has on investors. But over the past few years, that’s begun to change. Many economists and keen market watchers are making the case that years of loose monetary policies from the Fed and other central banks following the Great Financial Crisis (GFC) helped create an “ everything bubble ”—and now it’s popping. The everything bubble idea isn’t new. For years before 2022’s stock market woes, leading minds on Wall Street including the investing legend Jeremy Grantham warned about a brewing “superbubble.” The idea is that near-zero interest rates and quantitative easing (QE)—a policy where the Fed would buy mortgage-backed securities and government bonds to boost lending and investment in the economy—pushed investors toward riskier investments, allowed unsustainable business models to thrive on cheap debt, and fueled a “ savagely unhealthy ” surge in home prices. BOSTON, MA - NOVEMBER 5: Renowned investment manager Jeremy Grantham poses on a balcony at his Rowes Wharf office in Boston on Nov. 5, 2013. Grantham has made a fortune for his clients, and now hes pouring a good deal of his own wealth into environmental charities. With more than $500 million in two Grantham family foundations, he is among a handful of successful Boston investors emerging as the citys major new philanthropists. (Photo by Lane Turner/The Boston Globe via Getty Images) It’s early days, but in retrospect a lot of outlandish financial predictions accompanied this era of easy money. And the fallout for Americans hasn’t been pretty, as inflation continues to rage and recession fears mount. But there is a silver lining for the finance community. The everything bubble provided some of the most ridiculous—and hilarious—forecasts in history. From cryptocurrency experts and hedge fund managers to economists and investment banks, the easy money era was filled with bulls who believed the good times would never end. Here’s a look at some of their strangest calls. The Bitcoin bulls The cryptocurrency boom of 2020 and 2021 was unprecedented. Between January 2020 and the peak of the crypto fervor in November 2021, the industry’s total value grew to over $3 trillion and Bitcoin prices soared roughly 800%. The crypto faithful were sure that the party was just beginning. Billionaire venture capitalist Tim Draper said in June 2021 that Bitcoin would hit $250,000 by the end of 2022. “I think I’m going to be right on this one,” he assured CNBC ’s Jade Scipioni. Story continues Bitcoin ended up finishing 2022 just above $16,500, but just last month, Draper repeated his call for Bitcoin to hit $250,000—this time he said it would be by the middle of 2023. “I expect a flight to quality and decentralized crypto like bitcoin, and for some of the weaker coins to become relics,” Draper told CNBC . Tim Draper did not respond to Fortune ’s request for comment. Draper wasn’t the only leading figure to jump on the Bitcoin train during the easy money era and make lofty forecasts either. ARK Invest’s Cathie Wood was the first public asset manager to gain exposure to Bitcoin via the Bitcoin Investment Trust (GBTC) as a part of her tech-focused exchange-traded ETFs in 2015. LISBON, PORTUGAL - 2022/11/02: CEO & Chief Investment Officer of ARK Invest, Cathie Wood, addresses the audience at Altice Arena Centre Stage during the second day of the Web Summit 2022 in Lisbon. The biggest technology conference in the world is back in Lisbon. The conference will discuss new technological trends for four days and how they will influence people's lives. 70,000 people expected to participate in the event. (Photo by Hugo Amaral/SOPA Images/LightRocket via Getty Images) The bet led Wood to face serious criticism from her peers, but barring a brief crypto winter in 2018, it paid off as Bitcoin’s price soared to over $65,000 by November 2021. Wood was sure that the good times would last throughout the bull market. In November 2020, she told Barron ’s that institutional adoption of crypto would drive Bitcoin’s price to $500,000 by 2026 and repeatedly “ bought the dip ” whenever Bitcoin prices fell. Wood even told The Globe and Mail in a February 2020 interview that Bitcoin was “one of the largest positions” in her retirement account. The ARK Invest CEO remained bullish even at the start of 2022, when Bitcoin prices had fallen from their highs of over $65,000 to just under $50,000. She argued that the leading cryptocurrency would touch $1 million by 2030 in ARK’s “ Big Ideas 2022 ” annual research report. Since then Bitcoin’s price has dropped more than 60%, but Wood and her team aren’t fazed, and still believe that their prediction is fair. “We think Bitcoin is coming out of this smelling like a rose,” Wood told Bloomberg in December, arguing that institutions will eventually buy into Bitcoin after it is “battle tested” by the crypto winter. Cathie Wood did not respond to Fortune ’s request for comment. Tom Lee, head of research at Fundstrat Global Advisors, who previously served as chief equity strategist at JPMorgan and spent over 25 years on Wall Street, has also been a perennial Bitcoin bull. In early 2022, he predicted that Bitcoin would hit $200,000 in the coming years. And despite the recent fall, which he admitted has been “horrific” for investors, Lee told CNBC in November that he still believes Bitcoin will come out of the current downtrend and hit his target. But while many crypto forecasters are sticking by their lofty estimates, Wall Street has been walking back some of theirs. Tom Lee did not respond to Fortune ’s request for comment. Lofty stock market forecasts Investment banks made some pretty dramatic forecasts during the cheap money era. After the stock market soared throughout the pandemic, returning 28% to investors, Wall Street was confident that things would slow down in 2022, but not to the extent that they actually did. Investment banks expected the S&P 500 to end 2022 at 4,825, representing only a mild 1% gain for the year. Instead, the blue-chip index dropped roughly 20%. The (perhaps unwarranted) bullishness among investment banks was particularly clear when looking at the price targets for growth stocks that benefited from pandemic trends. The online used car retailer Carvana , for example, soared throughout the pandemic as used car prices rose to record highs. The firm was able to take advantage of consumers’ inability or unwillingness to shop for vehicles in person during COVID, leading some analysts to give incredibly bullish forecasts. In January 2022, Morgan Stanley’s auto analyst Adam Jonas called Carvana the “ apex predator in auto retail” and assigned a $430 12-month price target to the stock. Since then, shares of the online car retailer have plummeted more than 97% to just $4.48—and some analysts believe more pain lay ahead for investors. NEW YORK - JUNE 09: Morgan Stanley headquarters are seen June 9, 2009 in New York City. Morgan Stanley is one of ten lenders that won U.S. Treasury approval to pay back $68 billion in funds from the Troubled Asset Relief Program (TARP). (Photo by Mario Tama/Getty Images) Morgan Stanley did not respond to Fortune ’s request for comment. New Construct’s CEO David Trainer war
**Last 60 Days of Bitcoin's Closing Prices:**
[]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-01-07
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $326,065,016,700
- Hash Rate: 260999288.3194051
- Transaction Count: 246679.0
- Unique Addresses: 601071.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.25
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: DALLAS, Jan. 03, 2023 (GLOBE NEWSWIRE) --Applied Digital Corporation(Nasdaq: APLD)("Applied Digital " or the "Company"),a designer, builder and operator of next-generation datacenters that provide power to blockchain infrastructure and support High-Performance Computing (HPC) applications, today announced its participation in the 25thAnnual Needham Growth Conference. The 25th Annual Needham Growth Conference is being held January 10 – 12, 2023 at The Lotte New York Palace in New York City. Applied Digital management will be hosting one-on-one meetings with investors and is scheduled to present on January 10, 2023 at 3:00 p.m. Eastern Time.
The live and archived webcast of the presentation will be availablehereand on the Company’s investor relations website atir.applieddigital.com.
About Applied DigitalApplied Digital Corporation (Nasdaq: APLD) is a builder and operator of next-generation datacenters across North America which provide substantial compute power to blockchain infrastructure and support Bitcoin mining. Find more information atwww.applieddigital.com. Follow us on Twitter at @APLDdigital.
Investor Relations ContactsMatt Glover or Jeff Grampp, CFAGateway Group, Inc.(949) [email protected]
Media ContactBrenlyn MotlaghGateway Group, Inc.(949) [email protected]...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['$BC, launched on the ERC network to commemorate the Original Bitcoin and as a memecoin with the objective to follow the path of major Meme Projects such as Doge and Shiba.\nLondon, UK, Jan. 08, 2023 (GLOBE NEWSWIRE) -- The Old Bitcoin ($BC), has been launched on the ERC network to memorialize the original Bitcoin that now suffers in the hands of the elite. The Old Bitcoin ($BC) aims to put things right and reinstate Bitcoin to its deserved glory as a pre-eminent peer-to-peer cash transfer system.\nOld Bitcoin ($BC)\nBC DAO\nThe foundations of BC DAO have already been laid, although its inauguration is still awaited. BC DAO will soon be launched by the project where holders of $BC will decide on policies and administer their execution.\nTokenomics\nThe token has a total circulating supply of 21 million with the entire stock being utilized for maintaining the liquidity pool. A 2% tax is collected for every transaction. The tax collected is used for improvising the liquidity pool, marketing, and funding new projects.\nNew Developments that Users can Expect in the Following Years\nThe community of the platform is about to witness some of the most sublime projects and developments of the project. BC DAO and Shill-to-Earn dApp will soon be launched by the project.\nOther than that, a Roadmap following the community and team goals has also been released.\nOld Bitcoin Roadmap\n1st January 2023\nThe project is already thriving at a supernatural rate. At the time of its launch, it had already gathered a market cap of $4,000,000 and allured 2,300 investors. However, there is still more to attain.\nThe project has already signed a deal with $BEEP, a top-notch community, and research-driven media in China. It has already been listed on CoinMarketCap and has applied for CoinGecko.\nFurthermore, the project has also added more moderators to its team that respond to client queries on Telegram and ensure the efficient operation of all activities. The project keeps its community members updated with any developments via Telegram and Twitter.\nAbout Old Bitcoin ($BC)\nOld Bitcoin is a foremost cryptocurrency platform on the ERC Network that is ideal for investors wishing to transfer value without the slightest hint of double-spending.\nFurthermore, potential investors and crypto enthusiasts interested in Old Bitcoin can visit the project’sofficial websiteor social platforms, to get more details.\nWebsite|Telegram|Twitter\nReferences:\nERC Contract:https://etherscan.io/address/0xe03b2642a5111ad0efc0cbce766498c2dd562ae9\nDEXTools:https://www.dextools.io/app/en/ether/pair-explorer/0xc9c9c0c9a70355b0afb47571c37d6f7c5220e36d\nCoinMarketCap:https://coinmarketcap.com/currencies/old-bitcoin-erc/\n###\nOld Bitcoin\nNathan Guericke\[email protected]\nhttps://oldbtc.net\nDisclaimer:\nThis press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.', 'Old Bitcoin $BC, launched on the ERC network to commemorate the Original Bitcoin and as a memecoin with the objective to follow the path of major Meme Projects such as Doge and Shiba. London, UK, Jan. 08, 2023 (GLOBE NEWSWIRE) -- The Old Bitcoin ($BC), has been launched on the ERC network to memorialize the original Bitcoin that now suffers in the hands of the elite. The Old Bitcoin ($BC) aims to put things right and reinstate Bitcoin to its deserved glory as a pre-eminent peer-to-peer cash transfer system. Old Bitcoin ($BC) Old Bitcoin ($BC) BC DAO The foundations of BC DAO have already been laid, although its inauguration is still awaited. BC DAO will soon be launched by the project where holders of $BC will decide on policies and administer their execution. Tokenomics The token has a total circulating supply of 21 million with the entire stock being utilized for maintaining the liquidity pool. A 2% tax is collected for every transaction. The tax collected is used for improvising the liquidity pool, marketing, and funding new projects. New Developments that Users can Expect in the Following Years The community of the platform is about to witness some of the most sublime projects and developments of the project. BC DAO and Shill-to-Earn dApp will soon be launched by the project. Other than that, a Roadmap following the community and team goals has also been released. Old Bitcoin Roadmap Old Bitcoin Roadmap 1st January 2023 The project is already thriving at a supernatural rate. At the time of its launch, it had already gathered a market cap of $4,000,000 and allured 2,300 investors. However, there is still more to attain. The project has already signed a deal with $BEEP, a top-notch community, and research-driven media in China. It has already been listed on CoinMarketCap and has applied for CoinGecko. Furthermore, the project has also added more moderators to its team that respond to client queries on Telegram and ensure the efficient operation of all activities. The project keeps its community members updated with any developments via Telegram and Twitter. Story continues About Old Bitcoin ($BC) Old Bitcoin is a foremost cryptocurrency platform on the ERC Network that is ideal for investors wishing to transfer value without the slightest hint of double-spending. Furthermore, potential investors and crypto enthusiasts interested in Old Bitcoin can visit the project’s official website or social platforms, to get more details. Website | Telegram | Twitter References: ERC Contract: https://etherscan.io/address/0xe03b2642a5111ad0efc0cbce766498c2dd562ae9 DEXTools: https://www.dextools.io/app/en/ether/pair-explorer/0xc9c9c0c9a70355b0afb47571c37d6f7c5220e36d CoinMarketCap: https://coinmarketcap.com/currencies/old-bitcoin-erc/ ### Old Bitcoin Nathan Guericke [email protected] https://oldbtc.net Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.', '$BC, launched on the ERC network to commemorate the Original Bitcoin and as a memecoin with the objective to follow the path of major Meme Projects such as Doge and Shiba.\nLondon, UK, Jan. 08, 2023 (GLOBE NEWSWIRE) -- The Old Bitcoin ($BC), has been launched on the ERC network to memorialize the original Bitcoin that now suffers in the hands of the elite. The Old Bitcoin ($BC) aims to put things right and reinstate Bitcoin to its deserved glory as a pre-eminent peer-to-peer cash transfer system.\nOld Bitcoin ($BC)\nBC DAO\nThe foundations of BC DAO have already been laid, although its inauguration is still awaited. BC DAO will soon be launched by the project where holders of $BC will decide on policies and administer their execution.\nTokenomics\nThe token has a total circulating supply of 21 million with the entire stock being utilized for maintaining the liquidity pool. A 2% tax is collected for every transaction. The tax collected is used for improvising the liquidity pool, marketing, and funding new projects.\nNew Developments that Users can Expect in the Following Years\nThe community of the platform is about to witness some of the most sublime projects and developments of the project. BC DAO and Shill-to-Earn dApp will soon be launched by the project.\nOther than that, a Roadmap following the community and team goals has also been released.\nOld Bitcoin Roadmap\n1st January 2023\nThe project is already thriving at a supernatural rate. At the time of its launch, it had already gathered a market cap of $4,000,000 and allured 2,300 investors. However, there is still more to attain.\nThe project has already signed a deal with $BEEP, a top-notch community, and research-driven media in China. It has already been listed on CoinMarketCap and has applied for CoinGecko.\nFurthermore, the project has also added more moderators to its team that respond to client queries on Telegram and ensure the efficient operation of all activities. The project keeps its community members updated with any developments via Telegram and Twitter.\nAbout Old Bitcoin ($BC)\nOld Bitcoin is a foremost cryptocurrency platform on the ERC Network that is ideal for investors wishing to transfer value without the slightest hint of double-spending.\nFurthermore, potential investors and crypto enthusiasts interested in Old Bitcoin can visit the project’sofficial websiteor social platforms, to get more details.\nWebsite|Telegram|Twitter\nReferences:\nERC Contract:https://etherscan.io/address/0xe03b2642a5111ad0efc0cbce766498c2dd562ae9\nDEXTools:https://www.dextools.io/app/en/ether/pair-explorer/0xc9c9c0c9a70355b0afb47571c37d6f7c5220e36d\nCoinMarketCap:https://coinmarketcap.com/currencies/old-bitcoin-erc/\n###\nOld Bitcoin\nNathan Guericke\[email protected]\nhttps://oldbtc.net\nDisclaimer:\nThis press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that cou
**Last 60 Days of Bitcoin's Closing Prices:**
[]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-01-08
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $326,790,500,006
- Hash Rate: 259304487.74590245
- Transaction Count: 228488.0
- Unique Addresses: 565595.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.25
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Binance's CEO Changpeng “CZ” Zhao has told employees in an internal memo that he expects the “next several months to be bumpy.”
In the message, seen byBloomberg, the CEO said that despite “a lot of extra scrutiny and tough questions” that have emerged after the collapse of rival exchange FTX he expects his firm will “get past this challenging period” and that it will “be stronger for having been through it.”
Zhao pointed to the recent intense examination that many crypto firms are facing, calling this“a historicmoment,” but said thatBinanceis “built to last.”
Following FTX’s collapse and itsCEO’s arreston Monday, the market has turned its attention to the largest crypto exchange by trading volume.
The firm experienced a historically high number of withdrawals this week, with the crypto exchangeprocessingnet outflows of roughly $3.66 billion on December 12, the most since June, according to Nansen data.
In addition, several high-profile figures in the crypto world have spoken out against Binance, claiming that its recent attestation, whichshowedthat it had more than enough Bitcoin to cover all customer deposits, was inadequate.
John Reed Stark, a former U.S. Securities and Exchange Commission (SEC) regulator,saidthatBinance’s recent “proof of reserves” report “doesn’t address the effectiveness of internal financial controls” and doesn’t “express an opinion or assurance conclusion,” adding that it fails to “vouch for the numbers.”
The sentiment was shared by others, with crypto exchange Kraken’s founder and CEOJesse Powellcallingthe audits “either ignorance or intentional misrepresentation.”
According to four sourcesreportedbyReuters, prosecutors with the U.S. Department of Justice are mulling filing criminal charges against Binance and some of its individual executives, including CZ himself.
The potential charges relate to allegations that Binance failed to comply with anti-money laundering laws and sanctions.
Decrypthas contacted Binance for information about the news....
- Reddit Posts (Sample): [['u/onceuponanutt', 'I think I found the shares... part 3', 3730, '2023-01-08 01:44', 'https://www.reddit.com/r/Superstonk/comments/1064x04/i_think_i_found_the_shares_part_3/', '# Legend\n\n1. Previous Posts\n2. Housekeeping\n 1. "GME Tokens Are Collateral"\n 2. Using Tokens to Manipulate Stocks\n 3. "The $100k GME Token"\n 4. "Why is it still trading?"\n 1. CoinMarketCap & DefiChain\n 2. Nomics & FTX\n3. Obfuscation With Tokenized Stocks\n4. Swiss Cheese Has Lots of Holes\n5. "Locating" the Problem\n6. TL,DRS\n\n\\---\n\n# 1 - Previous Posts\n\n[Clarity on existing GameStop tokens](https://www.reddit.com/r/Superstonk/comments/yvme4o/clarity_on_existing_gamestop_tokens/)\n\n[The FED is not the final boss... not even close](https://www.reddit.com/r/Superstonk/comments/z8c7nu/the_fed_is_not_the_final_boss_not_even_close/)\n\n[Something may have just snapped in the crypto world](https://www.reddit.com/r/Superstonk/comments/ysktig/something_may_have_just_snapped_in_the_crypto/)\n\n[I think I found the shares...](https://www.reddit.com/r/Superstonk/comments/z2dx13/i_think_i_found_the_shares/)\n\n[I think I found the shares... part 2](https://www.reddit.com/r/Superstonk/comments/zgn2rn/i_think_i_found_the_shares_part_2/)\n\n# 2 - Housekeeping\n\nI\'ve seen many theories surrounding tokenized stocks. I would like to address 4 which I believe to be incorrect based on my current understanding.\n\nI would be happy to be proven wrong on these if anyone can present a good case!\n\n# 2a - "GME Tokens Are Collateral"\n\n\\[redacted\\]\n\n# 2b - Using Tokens To Manipulate Stocks\n\n**SHF can\'t use tokenized stocks** ***directly*** **to short into the stock market.** Tokenized stocks are assets that reflect the price of the underlying stock, nothing more. A is the stock and B is simply a derivative that follows A, to my knowledge there is no mechanism by which manipulating B will affect A in any way.\n\nPunching steam will not affect the water from which it boils.\n\n# 2c - "The $100k GME Token"\n\nThe OP of this series of posts, in my view, is confidently incorrect on a number of things.\n\nI have done my best to offer criticism in a rational and constructive manner. OP has been quick to call me out for "spreading FUD" while simultaneously committing almost every [logical fallacy](https://thebestschools.org/magazine/15-logical-fallacies-know/).\n\nAs I\'ve said before many times, I have nothing against OP, in fact I\'m interested the same token, albeit from a different angle. We\'re all in this together, but these claims don\'t add up. Here\'s it all laid out if you\'re curious;\n\n​\n\npost- [THE GME TOKEN WAS A BACKDOOR BAILOUT OF SHORTS](https://www.reddit.com/r/Superstonk/comments/z1igo0/the_gme_token_was_a_backdoor_bailout_of_shorts/)\n\ntldr - 1) Wrapped GameStop was somehow [this bailout](https://www.wsj.com/articles/citadel-point72-to-invest-2-75-billion-into-melvin-capital-management-11611604340) Melvin Capital received and 2) 1 Wrapped GameStop = $100,000\n\n[My reponse](https://www.reddit.com/r/Superstonk/comments/z1w3yj/debunking_the_front_page_post_the_gme_token_was_a/)\n\n[OP\'s response to my response](https://www.reddit.com/r/Superstonk/comments/z2bap3/debunking_the_debunking_the_font_page_post_the/?utm_source=share&utm_medium=web2x&context=3) (the top 2 comments share my sentiment)\n\n​\n\npost - [THE TOKEN FILES](https://www.reddit.com/r/Superstonk/comments/zk9tqr/the_token_files/)\n\ntldr - tokenized stocks are important\n\n[My response](https://www.reddit.com/r/Superstonk/comments/zk9tqr/comment/izyzqi5/?utm_source=share&utm_medium=web2x&context=3) (includes back and forth with OP)\n\n​\n\npost - [THE $100,000 GME TOKEN - PART 1](https://www.reddit.com/r/Superstonk/comments/zlvj1c/the_100000_gme_token_part_1/)\n\ntldr - math is hard\n\n[My response](https://www.reddit.com/r/Superstonk/comments/zlvj1c/comment/j080z3p/) (includes back and forth with OP, accuses me of spreading FUD by "attacking" posts, despite the first sentence of my comment here)\n\n​\n\npost - [MAJOR PLAYERS AND THE GME TOKEN - PART 1](https://www.reddit.com/r/Superstonk/comments/102p4sp/major_players_and_the_gme_token_part_1/)\n\ntldr - lots of Eth was involved in a token with a mirrored market cap to GameStop\n\n[My response](https://www.reddit.com/r/Superstonk/comments/102p4sp/major_players_and_the_gme_token_part_1/j2utq6r/?context=3)\n\n[Another great response](https://www.reddit.com/r/Superstonk/comments/102p4sp/major_players_and_the_gme_token_part_1/j2utf6v/?context=3)\n\n\\---\n\nMy only purpose in laying this out is to highlight that **not a single one of my questions have been answered or my concerns addressed**.\n\nhttps://i.redd.it/csm3ptemrxaa1.gif\n\nI\'ll let that speak for itself.\n\n\\---\n\n\\[redacted\\]\n\n# 2d - "Why Is It Still Trading?"\n\nFirslty, let\'s address what "it" is. Many people use the term "GME token" as if there is only 1. **This is misleading. There are many tokens with some variation of "GameStop" in the name**, as I outlined in my [post](https://www.reddit.com/r/Superstonk/comments/zgn2rn/i_think_i_found_the_shares_part_2/), and the names matter for the purposes of differentiation.\n\nThe one token I, and others, have been focusing on is [Wrapped GameStop](https://etherscan.io/token/0x2ec08e59ed827be587897edcdbff59215e785496), and while many people argue that FTX didn\'t mint it directly, as they only *received* tokens, this is the only token out of the bunch that [lists FTX directly in the mint](https://etherscan.io/tx/0x2a893a8a6ea8ecb1a4654c060a1774d50067ecaa3f44af3ab387566198b592a9).\n\nRegardless, there have been a bunch of posts and comments recently noticing trading volume in the asset \'FTX Tokenized GameStop\', whose origins are mysterious and legitimate trading history is virtually rumor;\n\n[How is the FTX GameStop tokenized scam still trading?](https://www.reddit.com/r/Superstonk/comments/zgzdsx/how_is_the_ftx_gamestop_tokenized_scam_still/)\n\n[How is this still trading???](https://www.reddit.com/r/Superstonk/comments/zk64tw/how_is_this_still_trading/)\n\n[Why is GME FTX token still trading and trading at 2 dollars more? So many questions and crime!](https://www.reddit.com/r/Superstonk/comments/zq27i8/comment/j0vwel0/?context=3)\n\n[Found some infinity liquidity! FTX’s, GME Tokenized stock is still trading! What the hell is going on?](https://www.reddit.com/r/Superstonk/comments/zqw273/found_some_infinity_liquidity_ftxs_gme_tokenized/)\n\nIt is my working theory that Wrapped GameStop token is in fact the same FTX Tokenized GameStop we see in these charts, but that\'s a story for section 3.\n\nThe answer to the question of *why it\'s still trading*? **It\'s not.** Sort of.\n\n# 2di - CoinMarketCap & DefiChain\n\nThe sources often cited for most of the recent FTX Tokenized GME trading data comes from trading charts.\n\nThe [Yahoo chart](https://finance.yahoo.com/quote/GME-USD/) pulls its data from CoinMarketCap, the world\'s most-referenced price-tracking website for cryptoassets, and the [CoinMarketCap chart](https://coinmarketcap.com/currencies/gamestop-tokenized-stock-ftx/), in addition to other similar sites like [Finbold](https://finbold.com/cryptocurrency/gamestop-tokenized-stock-defichain/), pulls its [data](https://coinmarketcap.com/currencies/gamestop-tokenized-stock-ftx/markets/) from [DefiChain](https://defiscan.live/dex), a "DEX" on the [Defi Blockchain](https://defichain.com/).\n\nDefiChain uses [oracles](https://medium.com/coinmonks/defichain-basics-prices-and-oracles-8afd0fb49a09), "automated price feeds" from sources like NASDAQ, Tiingo, IEX Cloud, to price their tokenized stock assets, denoted dXXX or *decentralized-\\[insertnamehere\\].* [Defi Oracles](https://oracles.dfc.fuxing.dev/) claim to be open and automated, but they seem to be quite secretive, making both of those claims hard to verify.\n\nhttps://preview.redd.it/l03r7terrxaa1.png?width=1366&format=png&auto=webp&v=enabled&s=48460bfc65541cd05444efa1f26f5da467d51d0f\n\nAn example of a Defi asset is **dGME** is referred to as \'*decentralized GME\'* on the Defi Blockchain and currently has [7 of 12 active oracles](https://defiscan.live/oracles/GME-USD) (7 places it\'s getting data);\n\n​\n\nhttps://preview.redd.it/qjthzhytrxaa1.png?width=1366&format=png&auto=webp&v=enabled&s=91eb1f1dc9efbeae12bfc6478eb84ce7e20bf5cd\n\nThe CoinMarketCap source for the FTX Tokenized GameStop is one specific [DEX liquidity pool](https://defiscan.live/dex/dgme) between [dGME](https://defiscan.live/tokens/dgme) and [dUSD](https://defiscan.live/tokens/dusd) (decentralized USD, **not USD -** CoinMarketCap converts to USD but DefiChain does not, if you\'re wondering why the price is different). Simple enough? Not really.\n\nThis is where it gets fucky.\n\nhttps://i.redd.it/03rf1mowrxaa1.gif\n\nYou can click around the Defi website and block explorer, but it doesn\'t give you much data. One interesting thing I noticed was that on the [dGME creation transaction](https://defiscan.live/transactions/81b92c7595341ec3f74eee9c309e76684fc327f641daf732296153622c5e0284), the "fee" states "**Coinbase"**.\n\nThat\'s odd...\n\nEspecially when the counterpart in the liquidity pool on DefiChain, **dUSD** [(minting transaction)](https://defiscan.live/transactions/080438d4401d1257b537896a335e041d8efa47e6a71c2ffeb6491f0f4dc0e531), **lists the fee in DFI** (native token, like Eth for Ethereum). dETH, dBTC, dUSDT, dDOGCOIN and many others all list their "fee" in DFI, **yet some tokenized stocks list the \'fee\' as Coinbase**.\n\nSo I started to poke around on Coinbase.\n\nThe [Coinbase chart](https://www.coinbase.com/price/gamestop-tokenized-stock-ftx) for the "FTX Tokenized GameStop" **lists the Ethereum coin** [**GameStop.Finance**](https://etherscan.io/token/0x9eb6be354d88fd88795a04de899a57a77c545590) **as its source**, anot...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
| |
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['By Ambar Warrick Investing.com -- Bitcoin prices rose past $17,000 for the first time since mid-December on Monday, leading gains across broader cryptocurrency markets as traders bought into the space on growing expectations that the Federal Reserve will soften its hawkish stance this year. The world\x92s largest cryptocurrency rose 1.7% to $17,235.3 by 00:26 ET (05:26 GMT), helped by weakness in the dollar after nonfarm payrolls data released on Friday showed that the U.S. jobs market was cooling. This gives the Federal Reserve less economic headroom to hike interest rates at a sharp clip. World no. 2 cryptocurrency Ethereum also rose to an over three-week high, rising 4% and breaking above the $1,300 level for the first time since mid-December. The prospect of slower interest rate hikes by the Fed comes as a great relief to the cryptocurrency market, which plummeted in value through 2022 as the Fed\x92s monetary tightening unwound two years of ultra-accommodative policy enjoyed by the space. This sharp drop in value also triggered a string of high-profile bankruptcies, which the crypto market is still reeling from. Focus this week is also on U.S. inflation data due on Thursday. Signs of easing price pressures could give the Fed more impetus to curb its hawkish rhetoric. But even though Bitcoin stands to benefit from a less hawkish Fed, the cryptocurrency is trading at a fraction of highs hit during 2021. The cryptocurrency plummeted 65% in 2022, a drop that challenged its proposed status as a store of value, a currency, or even an inflation hedge. This steep drop in value, coupled with a string of high-profile crypto bankruptcies in 2022, has also soured sentiment among retail investors towards cryptocurrencies at large. The space lost over two-thirds of its value in 2022, and has so far struggled to make a comeback in the first trading week of the year. Still, past cycles have shown that cryptocurrency bull runs occur only during periods of easy monetary policy. With the Fed now set to soften its hawkish stance this year and potentially pause its rate hike cycle later this year, crypto could see some strength going into 2024. Story continues But whether the space will be able to recover from a severe blow to retail sentiment and the potential tightening of regulations remains to be seen. Related Articles Bitcoin clears $17k for the first time in 3 weeks as Fed jitters ease FTX spent $40M on food, flights, and hotels in just 9 months: Court filings Crypto Biz: SBF has his day in court; Barry Silbert accused of â\x80\x98stallingâ\x80\x99 over frozen funds', 'By Ambar Warrick\nInvesting.com -- Bitcoin prices rose past $17,000 for the first time since mid-December on Monday, leading gains across broader cryptocurrency markets as traders bought into the space on growing expectations that the Federal Reserve will soften its hawkish stance this year.\nThe world’s largest cryptocurrency rose 1.7% to $17,235.3 by 00:26 ET (05:26 GMT), helped by weakness in the dollar afternonfarm payrollsdata released on Friday showed that the U.S. jobs market was cooling. This gives the Federal Reserve less economic headroom to hike interest rates at a sharp clip.\nWorld no. 2 cryptocurrency Ethereum also rose to an over three-week high, rising 4% and breaking above the $1,300 level for the first time since mid-December.\nThe prospect of slower interest rate hikes by the Fed comes as a great relief to the cryptocurrency market, which plummeted in value through 2022 as the Fed’s monetary tightening unwound two years of ultra-accommodative policy enjoyed by the space. This sharp drop in value also triggered a string of high-profile bankruptcies, which the crypto market is still reeling from.\nFocus this week is also on U.S.inflation datadue on Thursday. Signs of easing price pressures could give the Fed more impetus to curb its hawkish rhetoric.\nBut even though Bitcoin stands to benefit from a less hawkish Fed, the cryptocurrency is trading at a fraction of highs hit during 2021. The cryptocurrency plummeted 65% in 2022, a drop that challenged its proposed status as a store of value, a currency, or even aninflationhedge.\nThis steep drop in value, coupled with a string of high-profile crypto bankruptcies in 2022, has also soured sentiment among retail investors towards cryptocurrencies at large.\nThe space lost over two-thirds of its value in 2022, and has so far struggled to make a comeback in the first trading week of the year.\nStill, past cycles have shown that cryptocurrency bull runs occur only during periods of easy monetary policy. With the Fed now set to soften its hawkish stance this year and potentially pause its rate hike cycle later this year, crypto could see some strength going into 2024.\nBut whether the space will be able to recover from a severe blow to retail sentiment and the potential tightening of regulations remains to be seen.\nRelated Articles\nBitcoin clears $17k for the first time in 3 weeks as Fed jitters ease\nFTX spent $40M on food, flights, and hotels in just 9 months: Court filings\nCrypto Biz: SBF has his day in court; Barry Silbert accused of ‘stalling’ over frozen funds', 'By Ambar Warrick\nInvesting.com -- Bitcoin prices rose past $17,000 for the first time since mid-December on Monday, leading gains across broader cryptocurrency markets as traders bought into the space on growing expectations that the Federal Reserve will soften its hawkish stance this year.\nThe world’s largest cryptocurrency rose 1.7% to $17,235.3 by 00:26 ET (05:26 GMT), helped by weakness in the dollar afternonfarm payrollsdata released on Friday showed that the U.S. jobs market was cooling. This gives the Federal Reserve less economic headroom to hike interest rates at a sharp clip.\nWorld no. 2 cryptocurrency Ethereum also rose to an over three-week high, rising 4% and breaking above the $1,300 level for the first time since mid-December.\nThe prospect of slower interest rate hikes by the Fed comes as a great relief to the cryptocurrency market, which plummeted in value through 2022 as the Fed’s monetary tightening unwound two years of ultra-accommodative policy enjoyed by the space. This sharp drop in value also triggered a string of high-profile bankruptcies, which the crypto market is still reeling from.\nFocus this week is also on U.S.inflation datadue on Thursday. Signs of easing price pressures could give the Fed more impetus to curb its hawkish rhetoric.\nBut even though Bitcoin stands to benefit from a less hawkish Fed, the cryptocurrency is trading at a fraction of highs hit during 2021. The cryptocurrency plummeted 65% in 2022, a drop that challenged its proposed status as a store of value, a currency, or even aninflationhedge.\nThis steep drop in value, coupled with a string of high-profile crypto bankruptcies in 2022, has also soured sentiment among retail investors towards cryptocurrencies at large.\nThe space lost over two-thirds of its value in 2022, and has so far struggled to make a comeback in the first trading week of the year.\nStill, past cycles have shown that cryptocurrency bull runs occur only during periods of easy monetary policy. With the Fed now set to soften its hawkish stance this year and potentially pause its rate hike cycle later this year, crypto could see some strength going into 2024.\nBut whether the space will be able to recover from a severe blow to retail sentiment and the potential tightening of regulations remains to be seen.\nRelated Articles\nBitcoin clears $17k for the first time in 3 weeks as Fed jitters ease\nFTX spent $40M on food, flights, and hotels in just 9 months: Court filings\nCrypto Biz: SBF has his day in court; Barry Silbert accused of ‘stalling’ over frozen funds', 'Bitcoin and Ether rose in Monday morning trading in Asia, rising with the rest of the top 10 non-stablecoin cryptocurrencies by market capitalization, with Cardano and BNB changing the most. Many cryptocurrencies have been gaining over the past several days after the latest U.S. jobs data released last Friday sparked a Wall Street rally. See related article: Crypto exchange Huobi latest firm to slash staff: Reuters Fast facts Bitcoin was up 1% to US$17,117 in the 24 hours to 8 a.m. in Hong Kong, breaking the US$17,000 level for the first time since late December in a 2.9% increase over the week. Ether gained 1.9% to US$1,287, a 7.3% weekly rise, according to CoinMarketCap . Cardano rose 7.3% to change hands at US$0.29, a rise of 18.8% in the past week. This price run comes as ADA, the native cryptocurrency of the Cardano blockchain, made it to the top 10 most used cryptocurrencies for payments for the first time, according to Lithuanian cryptocurrency exchange CoinGate . BNB gained 5.3% to US$274.77 rising 12.5% over the past seven days. Polygon’s MATIC rose 4.1% to trade at US$0.84, bringing its weekly gains to 10.5%. The total crypto market capitalization was at US$830.4 billion, a 0.8% increase over the previous 24 hours, while the total trading volume was US$20.4 billion, a 14.7% rise during that same time. The Dow Jones Industrial Average gained 2.1%, the S&P 500 Index rose 2.3%, and the Nasdaq Composite Index closed 2.6% higher. These gains represent the best day of trading for the Dow and S&P 500 since Nov. 30 and the Nasdaq’s best performance since Dec. 29. While U.S. Labor Department data released Friday showed that non-farm payrolls rose by 223,000 jobs in December, which was higher than expectations, it also showed that wages grew by only 0.3% for the month instead of the 0.4% predicted. U.S. services activity also contracted for the first time in 2.5 years according to the Institute for Supply Management, which said on Friday that its Purchasing Manager Index fell to 49.6 in December, down from November’s 56.5. A reading of below 50 in this index reflects a contraction in the sector. Investors are watching for any signs that the U.S. Federal Reserve’s months-long campaign of raisin
**Last 60 Days of Bitcoin's Closing Prices:**
[]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-01-09
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $331,116,914,594
- Hash Rate: 257609687.17239985
- Transaction Count: 287347.0
- Unique Addresses: 662916.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.25
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: In this article, we discuss 12 best beauty stocks to buy now. If you want to see more stocks in this selection, check out5 Best Beauty Stocks To Buy Now.
In times of economic downturns, the beauty industry remains resilient, as consumers still like to splurge on beauty and skincare regimen, even if it might be in moderation. In 2022, consistently high inflation has tampered with impulsive purchases of beauty and personal care products. In the 12 months to October 1, 2022, there was a 2.1% decline in the sale of face care products in the United States, although higher prices made up for the lower volume. Similarly in Europe, over one in five customers are forecasted to allocate less money to their make-up and skincare products in the near future, as perresearchfromMcKinsey.
For huge beauty companies, having a diversified range of products at multiple price points has helped deal with the economic slowdown. In better economic times, premiumization in skincare and haircare has proven to be a consumer favorite, displaying superior growth. This is why firms like Unilever, whose prestige beauty segment posted double-digit growth in the third quarter of 2022, are experimenting with premium beauty products.
Some of the best beauty stocks to consider in order to benefit from the defensive nature of the sector include The Procter & Gamble Company (NYSE:PG), Ulta Beauty, Inc. (NASDAQ:ULTA), and The Estée Lauder Companies Inc. (NYSE:EL).
OurMethodology
We selected the following beauty stocks based on growth fundamentals, positive analyst coverage, and strong market visibility. We have arranged the list according to the number of hedge fund holders in each firm, tracked by Insider Monkey as of the second quarter of 2022.
Africa Studio/Shutterstock.com
Number of Hedge Fund Holders: 3
L'Oréal S.A. (OTC:LRLCY) is a French manufacturer and distributor of cosmetic products for women and men worldwide. The company operates through four divisions – Consumer Products, L'oréal Luxe, Professional Products, and Active Cosmetics. L'Oréal S.A. (OTC:LRLCY) provides its products under the L'Oréal Paris, Garnier, Maybelline New York, NYX Professional Makeup, Essie, Lancôme, Yves Saint Laurent Beauté, Giorgio Armani Beauty, Kiehl's, Urban Decay, Ralph Lauren, IT Cosmetics, L'Oréal Professionnel, Kérastase, La Roche-Posay, SkinCeuticals, CeraVe, Valentino, Mugler, and Viktor&Rolf brands, among others.
On October 24, Barclays analyst Laurence Whyatt maintained an Overweight rating on L'Oréal S.A. (OTC:LRLCY) but lowered the firm's price target on the shares to EUR 375 from EUR 416.
According to Insider Monkey’s data, 3 hedge funds were bullish on L'Oréal S.A. (OTC:LRLCY) at the end of the second quarter of 2022, with collective stakes worth $873.3 million, compared to 3 funds in the prior quarter worth $1.04 billion. Ken Fisher’sFisher Asset Managementheld the biggest stake in the company, with 12.6 million shares valued at $872.2 million.
Like The Procter & Gamble Company (NYSE:PG), Ulta Beauty, Inc. (NASDAQ:ULTA), and The Estée Lauder Companies Inc. (NYSE:EL), L'Oréal S.A. (OTC:LRLCY) is one of the most prominent beauty stocks to monitor.
Hereis what ClearBridge Investments International Growth ACWI ex-U.S. Strategy has to say about L’Oréal S.A. (OTC:LRLCY) in its Q4 2021 investor letter:
“Economies in Asia, meanwhile, are taking the opposite approach on stimulus, with China lowering its reserve requirement ratio for banks to support flagging growth in the world’s second largest economy. Japan’s new government passed a large stimulus bill after its economy contracted in the third quarter. Despite these actions, sentiment remains decidedly negative in these regions. We continue to see solid consumer demand in Asia, which has benefited our luxury and cosmetics holdings L’Oreal.”
Number of Hedge Fund Holders: 18
Sally Beauty Holdings, Inc. (NYSE:SBH) is a Texas-based specialty retailer and distributor of professional beauty supplies. The company offers beauty products such as hair color, skin and nail care products, and styling tools for retail customers and salon professionals. It is one of the best beauty stocks to invest in.
On October 21, Jefferies analyst Ashley Helgans took over coverage of Sally Beauty Holdings, Inc. (NYSE:SBH) with a Hold rating and a $13 price target, down from $15. The market for beauty brands is transforming rapidly, but so far beauty has withstood the shift from goods to services "given its connection to socialization, occasions, and self-care regimens," said the analyst. Jefferies’ data suggests high-single digit percentage year-over-year sales across mass and prestige, with pricing responsible for the majority of the increase, the analyst contended.
According to Insider Monkey’s data, 18 hedge funds held long positions in Sally Beauty Holdings, Inc. (NYSE:SBH) at the end of Q2 2022, compared to 17 funds in the prior quarter. Bernard Horn’sPolaris Capital Managementis a notable position holder in the company, with 2.8 million shares worth $34 million.
Number of Hedge Fund Holders: 21
Unilever PLC (NYSE:UL) is a London-based multinational fast-moving consumer goods company that operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment provides skin care and hair care products, deodorants, and skin cleansing products. Unilever PLC (NYSE:UL) is one of the top beauty stocks to monitor.
On November 1, investment advisory Morgan Stanley raised the price target on Unilever PLC (NYSE:UL) to $46 from $42.75 and maintained an Equal Weight rating on the shares. Analyst Pinar Ergun issued the ratings update.
According to the second quarter database of Insider Monkey, 21 hedge funds held stakes worth $813.3 million in Unilever PLC (NYSE:UL), compared to 23 funds in the prior quarter worth $1.10 billion. Tom Russo’sGardner Russo & Gardneris the leading position holder in the company, with approximately 7 million shares valued at $319 million.
Hereis what Mayar Capital specifically said about Unilever PLC (NYSE:UL) in its Q2 2022 investor letter:
“In 1895 the Lever brothers created a new brand of hand soap. Inspired by the growing demand for hygiene products, the Lifebuoy brand of soaps was launched to ‘make health infectious’. 128 years later the Lifebuoy brand continues as a leading soap brand – albeit without the coal tar-derived ingredients list. In fact, the market research firm Kantar ranked Lifebuoy as the global #3 most chosen FMCG brand in 2020, just below Coca-Cola (KO) and Colgate (CL) – an astonishing fact given the age of the brand. While the brand is largely absent from shelves here in the UK, it is a juggernaut in Asian markets, and is the #1 brand in India.
Number of Hedge Fund Holders: 22
e.l.f. Beauty, Inc. (NYSE:ELF) is a California-based company that sells cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brands worldwide. It is one of the premier beauty stocks to consider. On November 2, the company posted a Q3 non-GAAP EPS of $0.36 and a revenue of $122.35 million, topping Wall Street estimates by $0.20 and $17.64 million, respectively. e.l.f. Beauty, Inc. (NYSE:ELF) lifted its FY23 guidance well ahead of Street estimates to factor in resilient demand, market share gains, cost savings, and product mix.
On November 3, Piper Sandler analyst Korinne Wolfmeyer raised the price target on e.l.f. Beauty, Inc. (NYSE:ELF) to $55 from $46 and kept an Overweight rating on the shares. The company posted another strong quarter that outperformed across all metrics, and raised its fiscal 2023 guidance of $30 million on the top line and $10 million on adjusted EBITDA, the analyst wrote in a research note. The elevated guidance is without a pricing increase, proving e.l.f. Beauty, Inc. (NYSE:ELF) "is the exception to the norm in terms of declining unit volume demand that we're seeing across the beauty industry more broadly," noted the analyst.
Among the hedge funds tracked by Insider Monkey, 22 funds were bullish on e.l.f. Beauty, Inc. (NYSE:ELF) at the end of the second quarter of 2022, compared to 20 funds in the prior quarter. Jim Simons’Renaissance Technologiesis the largest position holder in the company, with 1.18 million shares worth $36.5 million.
Number of Hedge Fund Holders: 25
The Beauty Health Company (NASDAQ:SKIN) is a California-based company that develops, manufactures, and markets aesthetic technologies and products worldwide. It is one of the elite beauty stocks to invest in. In Q3 2022, the company reported a revenue of $88.8 million, up 30.3% on a year-over-year basis and beating market estimates by $8.12 million. The Beauty Health Company (NASDAQ:SKIN) raised its fiscal 2022 net sales guidance and now expects net sales in the range of $360 million to $365 million, up from the prior outlook of $340 million to $350 million. The consensus revenue estimate is $349.72 million.
On October 21, Jefferies analyst Ashley Helgans assumed coverage of The Beauty Health Company (NASDAQ:SKIN) with a Buy rating and an unchanged price target of $20, citing the resilience of the beauty sector.
Among the hedge funds tracked by Insider Monkey, The Beauty Health Company (NASDAQ:SKIN) was part of 25 public stock portfolios at the end of June 2022, compared to 26 in the preceding quarter. Jeremy Green’sRedmile Groupis the leading position holder in the company, with 5.18 million shares worth nearly $67 million.
Hereis what Baron Funds has to say aboutThe Beauty Health Company (NASDAQ:SKIN)in its Q3 2021 investor letter:
“The Beauty Health Company is an innovative skin care and aesthetics company providing consumers the benefits of a professional medical treatment with the experience of a consumer brand. Shares outperformed in the third quarter following better-than-expected earnings results and the announcement of two new retail partnerships with Nordstrom and Ulta, where the company expects to sell an aesthet...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin and Ether gained in Tuesday morning trading in Asia along with most other top 10 non-stablecoin cryptocurrencies, helped by signs inflation pressure is easing in the U.S. Solana posted the biggest gains and broke back into the top 10 list by market capitalization. BNB was the only token on the list to fall on a report the U.S. Justice Department is stepping up its probe into the token’s issuer and the world’s largest crypto exchange, Binance Global. See related article: U.S. subpoenas hedge funds in Binance probe: report Fast facts Bitcoin was up 0.6% to US$17,193 in the 24 hours to 8 a.m. in Hong Kong, a 3% increase over the past calendar week. Ether gained 2.6% to US$1,321, an 8.8% weekly rise, according to CoinMarketCap . Solana rose 13.7% to trade at US$16.29, a gain of 44.5% for the week and the best start to the year for any major token. The gains follow the release of a new Solana-based, Dogecoin-themed token, called Bonk. Released late last year, Bonk is now trading around US$0.000001628, an increase of almost 1400%. BNB fell 0.7% to US$272.64, but is still up 11% for the past calendar week. Federal prosecutors have reportedly issued subpoenas to several U.S. hedge funds, requesting records of communications with Binance as part of its probe into possible money laundering violations. Cardano’s ADA token gained 7.4% to US$0.32, bringing its weekly gains to 24.9%. The run started after ADA in 2022 made it into the top 10 most used cryptocurrencies for payments for the first time, according to a Jan. 4 report by Lithuanian cryptocurrency payments processor CoinGate . The total crypto market capitalization rose 1.6% to US$848.3 billion, while trading volume jumped 112.2% to US$46.9 billion. U.S. equities had a mixed day of trading on Monday. The Dow Jones Industrial Average fell 0.3%, the S&P 500 Index lost 0.1%, while the Nasdaq Composite Index rose 0.6%. The US Federal Reserve cranked up interest rates last year to curb inflation which helped drive stock indices lower and raised worries about a recession. The December U.S. Consumer Price Index, a key measure of inflation, is released this week on Jan. 12 and should provide further pointers on future Fed policy. In other items to watch today, Fed Chair Jerome Powell is speaking at a central bank meeting in Sweden, while Japan announces its CPI report for December. See related article: Hong Kong pushes ahead with crypto hub plans as tech firms, startups show interest: financial secretary', 'Bitcoin and Ether gained in Tuesday morning trading in Asia along with most other top 10 non-stablecoin cryptocurrencies, helped by signs inflation pressure is easing in the U.S. Solana posted the biggest gains and broke back into the top 10 list by market capitalization. BNB was the only token on the list to fall on a report the U.S. Justice Department is stepping up its probe into the token’s issuer and the world’s largest crypto exchange, Binance Global.\nSee related article:U.S. subpoenas hedge funds in Binance probe: report\n• Bitcoin was up 0.6% to US$17,193 in the 24 hours to 8 a.m. in Hong Kong, a 3% increase over the past calendar week. Ether gained 2.6% to US$1,321, an 8.8% weekly rise,according to CoinMarketCap.\n• Solana rose 13.7% to trade at US$16.29, a gain of 44.5% for the week and the best start to the year for any major token. The gains follow the release of a new Solana-based, Dogecoin-themed token, called Bonk. Released late last year, Bonk is now trading around US$0.000001628, an increase of almost 1400%.\n• BNB fell 0.7% to US$272.64, but is still up 11% for the past calendar week. Federal prosecutors havereportedly issued subpoenasto several U.S. hedge funds, requesting records of communications with Binance as part of its probe into possible money laundering violations.\n• Cardano’s ADA token gained 7.4% to US$0.32, bringing its weekly gains to 24.9%. The run started after ADA in 2022 made it into the top 10 most used cryptocurrencies for payments for the first time, according to a Jan. 4 report byLithuanian cryptocurrency payments processor CoinGate.\n• The total crypto market capitalization rose 1.6% to US$848.3 billion, while trading volume jumped 112.2% to US$46.9 billion.\n• U.S. equities had a mixed day of trading on Monday. The Dow Jones Industrial Average fell 0.3%, the S&P 500 Index lost 0.1%, while the Nasdaq Composite Index rose 0.6%.\n• The US Federal Reserve cranked up interest rates last year to curb inflation which helped drive stock indices lower and raised worries about a recession. The December U.S. Consumer Price Index, a key measure of inflation, is released this week on Jan. 12 and should provide further pointers on future Fed policy.\n• In other items to watch today, Fed Chair Jerome Powell is speaking at a central bank meeting in Sweden, while Japan announces its CPI report for December.\nSee related article:Hong Kong pushes ahead with crypto hub plans as tech firms, startups show interest: financial secretary', 'Bitcoin and Ether gained in Tuesday morning trading in Asia along with most other top 10 non-stablecoin cryptocurrencies, helped by signs inflation pressure is easing in the U.S. Solana posted the biggest gains and broke back into the top 10 list by market capitalization. BNB was the only token on the list to fall on a report the U.S. Justice Department is stepping up its probe into the token’s issuer and the world’s largest crypto exchange, Binance Global.\nSee related article:U.S. subpoenas hedge funds in Binance probe: report\n• Bitcoin was up 0.6% to US$17,193 in the 24 hours to 8 a.m. in Hong Kong, a 3% increase over the past calendar week. Ether gained 2.6% to US$1,321, an 8.8% weekly rise,according to CoinMarketCap.\n• Solana rose 13.7% to trade at US$16.29, a gain of 44.5% for the week and the best start to the year for any major token. The gains follow the release of a new Solana-based, Dogecoin-themed token, called Bonk. Released late last year, Bonk is now trading around US$0.000001628, an increase of almost 1400%.\n• BNB fell 0.7% to US$272.64, but is still up 11% for the past calendar week. Federal prosecutors havereportedly issued subpoenasto several U.S. hedge funds, requesting records of communications with Binance as part of its probe into possible money laundering violations.\n• Cardano’s ADA token gained 7.4% to US$0.32, bringing its weekly gains to 24.9%. The run started after ADA in 2022 made it into the top 10 most used cryptocurrencies for payments for the first time, according to a Jan. 4 report byLithuanian cryptocurrency payments processor CoinGate.\n• The total crypto market capitalization rose 1.6% to US$848.3 billion, while trading volume jumped 112.2% to US$46.9 billion.\n• U.S. equities had a mixed day of trading on Monday. The Dow Jones Industrial Average fell 0.3%, the S&P 500 Index lost 0.1%, while the Nasdaq Composite Index rose 0.6%.\n• The US Federal Reserve cranked up interest rates last year to curb inflation which helped drive stock indices lower and raised worries about a recession. The December U.S. Consumer Price Index, a key measure of inflation, is released this week on Jan. 12 and should provide further pointers on future Fed policy.\n• In other items to watch today, Fed Chair Jerome Powell is speaking at a central bank meeting in Sweden, while Japan announces its CPI report for December.\nSee related article:Hong Kong pushes ahead with crypto hub plans as tech firms, startups show interest: financial secretary', 'Good morning. Here’s what’s happening:\nPrices:Solana\'s SOL and alternative coins including Serum\'s SRM are benefiting from the year\'s first mini-rally in altcoins. A short squeeze added fuel.\nInsights:Alex Thorn, head of research at crypto investment firm Galaxy Digital, tells CoinDesk that Web3 blockchain startups and trading-based services could continue to lead venture-capital deals and funding in 2023.\nCoinDesk Market Index (CMI)\n841.62\n+6.7▲0.8%\nBitcoin (BTC)\n$17,186\n−20.4▼0.1%\nEthereum (ETH)\n$1,326\n+26.0▲2.0%\nS&P 500 daily close\n3,892.09\n−3.0▼0.1%\nGold\n$1,879\n+6.5▲0.3%\nTreasury Yield 10 Years\n3.52%\n▼0.1\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nMini altcoin rally generates enthusiasm for first time in months\nBy Sam Reynolds\nEveryone gets a second chance in crypto.\nWeeks ago, Solana was on its deathbed. As 2022 came to a close, the Ethereum competitor — which was at the center of the Sam Bankman-Fried universe of tokens —had lost more than 90% of its value. Its loudest cheerleaders, such as Sino Global Capital,may have gotten stuck as big holders.\nBut now Solana\'s native SOL tokens are getting a fast price pump as crypto markets attempt a recovery after months in the doldrums,according to CoinDesk data. The protocol’s token is up 11% in the last 24 hours and 46% in the last two weeks.As CoinDesk reported earlier, there’s strong transactional activity on the network, with daily active users increasing by 40% during the last two weeks. Silly meme coins like the Shiba inu-themed BONK token, which is paying out 2021 "DeFi Summer"-like1,000% yield for liquidity providers, has a lot to do with it.\nAside from Solana’s comeback story, the other crypto majors are also doing well. Bitcoin (BTC) is slowly creeping its way back to $20,000, having recently breached the $17,000 mark, and ether (ETH) is up 3% in the last 24 hours, coming in at $1,326. Altcoins got aboost from a short squeeze. The CoinDesk Market Index (CMI) is up 1.2% over the past 24 hours.\nAll this is pushing upcrypto-related mining stocks too. Granted, many are down 80% on-year for 2022, but recoveries begin with green shoots.\nGalaxy Digital\'s Head of Research Sees More Venture Funding for Web3 Firms This Year\nBy Fran Velasquez\nWeb3 blockchain startups and trading-based services led venture-capital deals and funding in 2022, and the trend could continue this year, according to Alex Thorn, head of research
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-01-10
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $334,070,477,538
- Hash Rate: 286421296.9219445
- Transaction Count: 302809.0
- Unique Addresses: 695664.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.26
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Eva Beylin is one of three doxxed members of the influential Web3 venture capital fund eGirl Capital. And, in that sense, somewhat ironically, she’s often the person most associated with the mostly pseudonymous, largely informal project. Founded by 14 acquaintances in a Telegram channel in 2019, eGirl Capital members are unknown even to each other. Beylin says she has yet to meet most of her eGirl co-investors. She doesn’t even know many of their birth names. That’s to say, she knows them as the rest of the world does, as a cartoon cat in a raincoat or King Leonidas with BTC-symbol eyes from the movie “300.” “It’s challenging to build up a reputation,” Beylin said about her peers in a 2021 interview . Crypto takes its embrace of pseudonymity as a point of pride. If money is going digital, why wouldn’t personalities? Over the years, eGirl has become one of the most closely watched investment collectives . Its thesis is investing in core infrastructure that may only be useful in the future, like Ethereum Layer 2s or “DeFi primitives,” Beylin said. This includes supremely exciting technologies like the primary decentralized ETH staking protocol Lido, the open storage project Arweave and the innovative blockchain scaling development team behind Zksync. Beylin, a graduate of Ivey Business School at Western University in Canada, wasn’t trained as a venture capitalist. She got her start out of college doing consulting work for payments and banking companies before being introduced to Ethereum and Crypto Twitter by her brother. Realizing that crypto solved many of the issues she was passionate about, Beylin jumped into the deep end. She joined OmiseGO, the team behind what is sometimes called Ethereum’s first scaling solution, the OMG Network, and has worked with the roll-up friendly Plasma Group. She also advised MolochDAO, an early experiment with decentralized autonomous organizations (DAOs). And, like many early ETH users, Beylin has done a stint with the Ethereum Foundation. Story continues Although not “technically minded,” she said, Beylin has spent most of her time investing in or helping build support around “core crypto technologies.” For the past three years she’s worked for The Graph Foundation, part of the team developing the eponymous protocol. The Graph aims to become “the Google of Web3” by building out infrastructure to open source data and make APIs more accessible. This will help developers more easily build dapps (decentralized applications), and provide the world with indexed blockchain information. As director of the The Graph foundation, Beylin has helped disperse over $135 million in grants to community members and developers building on the protocol and helped her team close a $50 million capital raise led by Tiger Global. Beylin is also both a non-fungible token (NFT) investor and creator who says she spends her free time painting. But if you really want to know what she’s getting herself into, you’ll have to ask her pseudonym....
- Reddit Posts (Sample): [['u/EdwinPeng88', '"AI Trading Algorithms/Prediction Software" as the Next Big Scam - with Crypto & post-Crypto', 40, '2023-01-10 00:32', 'https://www.reddit.com/r/Buttcoin/comments/107twrk/ai_trading_algorithmsprediction_software_as_the/', "So apparently personal finance YouTubers/Influencers are now doing AI-related schemes/scams where supposedly this magical AI software can predict which stocks will be best. \n\nIf NFTs and high yield accounts are what sparked the 2020/2021 bubble, I'm guessing that something related to AI could be what can prompt a future Bitcoin/crypto bubble - perhaps when Fed start cutting rates some exchange or startup might tout some AI-related crypto shit.\n\n[https://youtu.be/BbMQdshA-B4](https://youtu.be/BbMQdshA-B4)", 'https://www.reddit.com/r/Buttcoin/comments/107twrk/ai_trading_algorithmsprediction_software_as_the/', '107twrk', [['u/archisgore', 22, '2023-01-10 01:26', 'https://www.reddit.com/r/Buttcoin/comments/107twrk/ai_trading_algorithmsprediction_software_as_the/j3omg7l/', "Don't underestimate Quantum. The industry needs the next fad.", '107twrk'], ['u/EdwinPeng88', 11, '2023-01-10 01:33', 'https://www.reddit.com/r/Buttcoin/comments/107twrk/ai_trading_algorithmsprediction_software_as_the/j3onfak/', 'What about quantum-AI-blockchain-Web 4.0?', '107twrk'], ['u/archisgore', 10, '2023-01-10 01:34', 'https://www.reddit.com/r/Buttcoin/comments/107twrk/ai_trading_algorithmsprediction_software_as_the/j3onl8w/', 'Sounds like a Goldilocks investment! Take all my money!', '107twrk']]], ['u/Training_Ant_661', 'Article Update about North Bay', 16, '2023-01-10 00:54', 'https://www.reddit.com/r/hut8/comments/107ufw2/article_update_about_north_bay/', '[https://www.northernontariobusiness.com/industry-news/technology/north-bay-bitcoin-operation-shuttered-over-power-bill-dispute-6351758](https://www.northernontariobusiness.com/industry-news/technology/north-bay-bitcoin-operation-shuttered-over-power-bill-dispute-6351758)', 'https://www.reddit.com/r/hut8/comments/107ufw2/article_update_about_north_bay/', '107ufw2', [['u/Dropperofdeuces', 14, '2023-01-10 01:08', 'https://www.reddit.com/r/hut8/comments/107ufw2/article_update_about_north_bay/j3ojw2p/', 'Sounds like Validus may eventually become a competitor to HUT if they really do open their own data centers. \n\nThis would be a good opportunity for HUT to just buy these guys outright and vertically integrate power generation into their operations. It would also likely be a first of its kind where a crypto miner also owns its own power plant.', '107ufw2']]], ['u/TheGlittering_Toe', 'Confused why everyone isn’t buying Bitcoin rn', 88, '2023-01-10 02:21', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/', 'The charts are quite closely mirroring the charts from 4 years ago. Seems clear to be there will be a medium sized pump within the next few months.\n\nEdit: Some people think I’m trying to say Bitcoin’s about to hit ATHs. These are my thoughts articulated more clearly \n\nhttps://youtu.be/GFC_WwlYfrk\n\nATHs? No. Significant pump in the next few months? Personally I think so.', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/', '107wgbg', [['u/NewTullius', 45, '2023-01-10 02:32', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/j3ovyl6/', "Bear market -- now is definitely a good time to accumulate, but I think alot of the wind has just gone out of the winds of the market. I personally think it's a good time to buy, and agree there's likely to be a pump.\n\nOne other factor to take into account is the general macro environment, so we can't just look at the BTC charts from 4 years ago and use it for a one-to-one comparison. \n\n\nI am bullish this year though!", '107wgbg'], ['u/hangender', 26, '2023-01-10 02:43', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/j3oxgyk/', 'Next halving is 2024. Which means pump is late 2024 early 2025.\n\nGotta study the cycles bro and not just simple TA', '107wgbg'], ['u/420algohodler', 11, '2023-01-10 03:27', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/j3p3ywz/', 'They always wait till btc is at $21k/$29k/$30k don’t they 🤣', '107wgbg'], ['u/Empire156', 15, '2023-01-10 03:31', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/j3p4kkv/', 'Fool me once, shame on….', '107wgbg'], ['u/donttrustdinosaurs', 36, '2023-01-10 03:37', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/j3p5g46/', 'I’m a long term bull but there’s a very good reason the SEC makes funds state “past performance is no guarantee of future results.”', '107wgbg'], ['u/toughgetsgoing', 129, '2023-01-10 04:02', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/j3p8vsf/', 'I dotn have any cash left to buy', '107wgbg'], ['u/fightglobalwarning', 15, '2023-01-10 04:33', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/j3pd5oj/', 'Everyone is out of money prolly', '107wgbg'], ['u/ETH_Knight', 73, '2023-01-10 04:40', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/j3pe12q/', 'Lol no fiat left. Also recession around the corner.', '107wgbg'], ['u/poorlytaxidermiedfox', 123, '2023-01-10 06:35', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/j3prbpg/', 'My dude, I can barely afford groceries and diesel…', '107wgbg'], ['u/cl3ft', 13, '2023-01-10 06:48', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/j3pskna/', "People are, but there's no new people outside the crypto space joining in because the reality is the crypto industry that gets the news stories is a complete shit show right now. Everything is fucked.\n\nIt's like trying to sell someone oil shares just after six consecutive Enron disasters.", '107wgbg'], ['u/moppdog', 19, '2023-01-10 06:59', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/j3ptnv1/', "Appreciate reasoning. So sick and tired of ppl (like OP) thinking charted data is predictive. What are we, temple priests reading the smudges? Astrologers? Tea Leaf diviners? If you believe in reading charts and you've lost money, hey, that's why.", '107wgbg'], ['u/Iamdrasnia', 14, '2023-01-10 07:18', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/j3pvgzj/', 'I totally disagree. First off you need 2 look at US economy. 2nd you need to think about halting\n....please tell me how its gonna jump. I call 12k Bitcoin in May.', '107wgbg'], ['u/slipperynibs', 46, '2023-01-10 08:29', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/j3q1fvq/', 'I honestly think this is just a fake bull trap at 17.\n\ni still think its going down.\n\nwhole markets fucked, reverse repo, over leveraging, crypto market has ZERO trust right now, recession, housing market bubble, stock market insider trading/shorting is causing huge distrust in retailer traders, no one new is jumping into crypto right now, people are broke from getting rekt, crypto legislation is a clusterfuck...like the list goes on and on.\n\nIts crashed but it hasnt found a clear bottom yet.\n\nUntil it bounces to 21-24k its still bearish as fck and anyone who thinks otherwise is smoking hopium.\n\nI dont think we will see anything close to a bull market till end 2023/mid 2024.', '107wgbg'], ['u/lc-cosmocrator', 10, '2023-01-10 09:47', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/j3q7ew5/', 'People are buying, but small investors DCAing ~100$ is like a drop in the ocean\nAlso the FOMO that a bull market brings is non-existent in intense fear environments like the current one.\nThe crypto is dead narrative will probably last through the year while we crab.\nProbably a good time to devote the chart watching time to instead research and try to find projects with good fundamentals before the next cycle.', '107wgbg'], ['u/JMurph3313', 10, '2023-01-10 13:03', 'https://www.reddit.com/r/CryptoMarkets/comments/107wgbg/confused_why_everyone_isnt_buying_bitcoin_rn/j3qmayc/', "Halving \\*^(sorry can't help myself)", '107wgbg']]], ['u/jelltris', 'Scammed by Kilos exchange', 20, '2023-01-10 04:01', 'https://www.reddit.com/r/onions/comments/107yo8h/scammed_by_kilos_exchange/', "I've been a frequent user of kilos for the last 3 years or so, always using the same URL, never had a single problem. \n\nYesterday I set up a BTC to XMR swap, like I've done many many times before, sent the funds through and then.... nothing. The message on the transaction screen was 'swap status: sending your money', and stayed that way for a few hours. When I went to check the transaction page today (which I'd bookmarked) it stated that the transaction ID was invalid and gave no further info.\n\nObviously my first thought was I'd been phished so I double checked the URL - no issues there, it was the same one I've always used.\n\nI've emailed kilos admin but had no reply.\n\nExtremely pissed off as I've just lost $700 USD\n\nPlease beware.", 'https://www.reddit.com/r/onions/comments/107yo8h/scammed_by_kilos_exchange/', '107yo8h', [['u/DrinkMoreCodeMore', 13, '2023-01-10 04:28', 'https://www.reddit.com/r/onions/comments/107yo8h/scammed_by_kilos_exchange/j3pcigl/', 'Lol imagine using a website that has a pair of tits on it (always thought that was creepy AF) as an exchange and thinking they are honest.\n\nJust use SideShift.ai instead', '107yo8h'], ['u/jelltris', 18, '2023-01-10 05:36', 'https://...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['As we head into a new year, 2023 is set to be the best time to look for cryptos to buy. The turbulence last year due to rate hikes and the selloff of cyclical assets such as cryptos might make it look all doom and gloom. But the bottom has historically been the best time to buy.\nOf course, it is difficult to predict the actual bottom, but many projects now sit well below pre-pandemic prices, with little downside risk. Moreover,Bitcoin(BTC-USD) will halve its mining rewards sometime in Q1 2024. As most cryptos correlate with BTC, this halving will likely start another crypto bull run next year, continuing the historical trend.\nTherefore, let’s’ dive into the following seven cryptos to buy, as they can benefit heavily from Bitcoin’s halving. I highly recommend doing your own research into these tokens, as many of them are small-cap projects.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\n[{"BTC-USD": "ETH-USD", "Bitcoin": "Ethereum", "$17,206.31": "$1,324.20"}, {"BTC-USD": "LTC-USD", "Bitcoin": "Litecoin", "$17,206.31": "$81.13"}, {"BTC-USD": "STORJ-USD", "Bitcoin": "Storj", "$17,206.31": "$0.2783"}, {"BTC-USD": "TERA-USD", "Bitcoin": "Terareum", "$17,206.31": "$0.00000000028"}, {"BTC-USD": "KLX-USD", "Bitcoin": "Kalima", "$17,206.31": "$0.00025"}, {"BTC-USD": "LRC-USD", "Bitcoin": "Loopring", "$17,206.31": "$0.2217"}]\nSource: Sittipong Phokawattana / Shutterstock.com\nUnsurprisingly, Bitcoin will be the biggest beneficiary of the halving. The standard deviation of BTC is lower than almost every other cryptocurrency, excluding stablecoins. Thus, if you are looking for the safest cryptos to buy, Bitcoin should always be your go-to project due to its evergreen status.\nI’d even say it is the only crypto project worth dollar-cost averaging into, as positive returns are very likely if you choose to hold for many years. It is a tried and tested asset with a solid reputation and won’t disappoint in the long run. I cannot say the same for any other asset in this article.\nIn the current environment, BTC is by far your best bet. There are no guarantees that the crypto market is at a bottom, and Standard Chartered analystsforecastBitcoin could go as low as $5,000 this year. The scarier part of this scenario is that more cyclical altcoins will be hit much harder.\nConversely, the economy remains healthy, with the recentjobs reportindicating a robust labor market. If the Fed does a U-turn in late 2023 or early 2024 and the Bitcoin halving occurs within the expected time, BTC is likely to surge. Thus, it remains the best among the cryptos to buy.\nSource: viktoryabov / Shutterstock.com\nEthereum(ETH-USD) is the second-largest cryptocurrency by market cap and should be your second option if you are looking for safer cryptos to buy. Although ETH is more volatile than BTC, it is an established project that has survived multiple crypto market cycles and outperformed Bitcoin of late.\nThe project is at the forefront of Web3 and blockchain development, leading the development of smart contract-based applications such as non-fungible tokens. A significant number of NFTs and Web3 projects are also being developed on the Ethereum blockchain. However, the most considerable advantage of Ethereum is that thousands of crypto projects rely on the blockchain and need ETH for gas fees. There are744,000 ERC20 tokenson the network, generating significant demand for Ethereum.\nFurthermore, the network’s switch to a proof-of-stake (PoS) consensusreducedETH issuance by 88%. In the next crypto market rally, increased ETH demand and reduced issuance will likely make Ethereum trade at a much higher valuation.\nSticking with Bitcoin and Ethereum will give you a balanced risk-reward ratio. Thus, I recommend you venture into other cryptos only if you seek outsized returns with little regard for risk.\nSource: Shutterstock\nMuch like Bitcoin,Litecoin(LTC-USD) is a proof-of-work (PoW) blockchain that undergoes a halving event. The next halving event for Litecoin will occur in August this year and cut mining rewards to 6.25 LTC from 12.5. That should significantly increase the value of this cryptocurrency, as it is among the most popular blockchains for miners after Ethereum shifted to a PoS consensus.\nFurthermore, while many thought of Litecoin as an old and irrelevant project, its recentMimbleWimble upgradeadded much-needed utility and is bringing it back to relevancy. Litecoin users can now transact with the same degree of anonymity that many privacy coins such asMonero(XMR-USD) promise, but with Litecoin’s block time of just2.5 minutes.\nI believe LTC is at compelling levels and is bottoming out. It has gained 61%-plus from its trough last year, and I expect these gains to accelerate as it gets closer to halving. Next year, Bitcoin’s halving will be the icing on the cake for this project.\nSource: storj.io\nI’ve discussedFilecoin(FIL-USD) a considerable amount of times in my recent articles, andStorj(STORJ-USD) is similar to that project. The main difference between the two is that Storj maintains a central authority, while Filecoin is peer-to-peer. I believe both will be significant beneficiaries of the burgeoning cloud computing and storage industry, especially once decentralized storage becomes more mainstream.\nBlockchain storage is also cheaper than centralized counterparts that run data servers and has no censorship. On top of that, since the blockchain isn’t a single server, the uptime and resiliency of these cloud storage platforms are remarkably high. These factors combined will make blockchain cloud storage projects highly-compelling to end users in the long-run.\nOf course, I only recommend small caps like Storj if your risk profile is aggressive. Sticking with more established projects such as Filecoin is a much better idea for long-term investing.\nSource: Yev_1234 / Shutterstock\nTerareum(TERA-USD) is a centralized crypto exchange, and TERA is the native token of the project. Although the token has taken a hit from the selloff last year due to its small market capitalization and the effects of the current crypto winter affecting all altcoins in addition to Bitcoin and Ethereum, Terareum is highly likely to deliver disproportionately high returns due to its leading utility that has successfully launched on December last year. The Terareum exchange, also known as “TERAREUM,” offers lots of features under one roof, including debit cards, spot trading, and utilities such as Margin, Futures, and Staking capabilities. I recommend further researching the project on itswebsitedue to its complexity.\nIn addition, Terareum also has a cryptocurrency launchpad called Terapool. The launchpad raises liquidity for other crypto projects with much lower interest rates. Thus, the demand for this token will likely increase in the next cycle, due to new crypto projects and higher user influx into the Terareum exchange. The release in Quarter 3 of 2023 of an indigenous Layer 1 – Terareum Blockchain based on the PoS concept could also compel large institutional investors.\nFinally, there’s also Terapay which enables users to utilize fiat and crypto transactions as a mode of payment for goods using a single platform at many vendors and merchants for online costs. The payment gateway is adopted worldwide and could become a game-changer in the cryptocurrency & Web3 space.\nSource: Michal Bednarek / Shutterstock\nKalima(KLX-USD) piqued my interest because of the functionality the project aims to provide. On itswebsite, it states that Kalima is a Layer 1 blockchain for enterprises and IoT (Internet of Things). This is a network of blockchains offering quick transactions and limitless scalability.\nKalima’s full client nodes can be embedded not only on small IoT devices but also on supercomputers. This includes mobile and web clients, allowing for transactions to be managed with a latency of less than one second. Kalima smart contracts can also be executed on the client side, opening a new world of edge-computing and blockchain technology possibilities.\nIts token, KLX, secures the whole Kalima network, enabling the payment of transaction fees, staking, data governance, the acquisition of nodes for PrivaChains, and numerous essential other Kalima Network key functionalities. The Kalima Blockchain allows developers to have complete control of their dApps using standard languages and tools, their governance and business models. Project developers have implemented these features successfully, and I anticipate significant growth for its KLX token.\nFinally,Enedis(OTCMKTS:ECIFY),ArcelorMittal(NYSE:MT),Tenneco, andSpieare using Kalima’s technology. That’s quite a big plus when it comes to crypto, as only a few projects offer real-world utility. KLX will be listed on the 2nd of February on Bitmart.\nSource: Vladimir Kazakov / Shutterstock.com\nLoopring(LRC-USD) is among the most cyclical cryptos to buy. The primary purpose of this project is to supplement the Ethereum blockchain’s scalability throughzkRollups. Of course, this means that the project’s objective becomes redundant when the Ethereum blockchain receives less traffic. Likewise, the opposite is true when the Ethereum network is congested during a crypto bull cycle.\nTherefore, buying LRC at the trough before Bitcoin’s halving is an excellent idea. When the Ethereum blockchain becomes congested again, Loopring will offer disproportionately higher returns than the rest of the market.\nOn Low-Capitalization and Low-Volume Cryptocurrencies:\xa0InvestorPlace\xa0does not regularly publish commentary about cryptocurrencies that have a market capitalization of less than $100 million or trade with a volume less than $100,000 each day. That’s because these “penny cryptos” are frequently the playground for scam artists and market manipulators. When we do publish commentary on low-volume crypto that may be affected by our commentary, we ask that\xa0InvestorPlace.com’s writers disclose this fact an
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-01-11
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $335,566,638,000
- Hash Rate: 249135684.30488667
- Transaction Count: 287494.0
- Unique Addresses: 661284.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.26
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Amid all the “bah, told you it was all worthless” commentary from skeptics recently, something crystallized for me. I did not fully appreciate how much public perception of crypto had shifted since the last time prices were bouncing along cyclical lows. Back then, crypto was a new type of money, a global computer, an engagement incentive, a governance value. Now, in the eyes of the mainstream, crypto is a market. Like many of you, I spent part of the end-of-year break explaining to family and friends that, no, crypto was not “over.” I puzzled for a while over the extent of this misconception until it clicked: It’s not that the crypto market got financialized – we all know that, just as we all recognize the damage done to perception and sentiment by the collapse of some of the main architects and beneficiaries of that financialization. Noelle Acheson is the former head of research at CoinDesk and Genesis Trading. This article is excerpted from her Crypto Is Macro Now newsletter, which focuses on the overlap between the shifting crypto and macro landscapes. These opinions are hers, and nothing she writes should be taken as investment advice. It’s more that crypto became just a market for most casual observers. That’s all, just a market. And with the market in dire straits, well, obviously there’s no longer any point to the whole concept. Looking back, it’s not hard to see how this shift happened. The increasing levels of institutional interest (Goldman Sachs! Fidelity! BlackRock!), prices (up 20% in a day! down 80% year to date!), scams (rug pull! exploit!) and regulatory concern (protect investors! protect the financial system!) fueled headlines that grabbed attention, incentivizing more stories along the same vein. The power of repetition as media coverage of the industry broadened cemented the association of “crypto” with “risky.” I’m not pointing the finger at media – many publications have done a great job of also surfacing the more transformative aspects of our industry. But perception tends to latch on to what it can grasp, and the “public” (generalizing here) is familiar with markets, whereas it doesn’t necessarily understand Merkle trees. Price moves are easier to visualize than consensus algorithms. And the power of institutional signaling is more relatable than weighted decentralized liquidity pools. The markets narrative is stickier than the tech narrative because it is more comfortable. The risk narrative is stickier than the innovation narrative because drama is better at grabbing our attention. Story continues Read more: Noelle Acheson - Shifting Crypto's Center of Gravity The instinctive reaction here, then, is to vow to start focusing more on the technology angles of crypto – I and many others have argued for that elsewhere. But while that is still the case, there’s another fundamental aspect of crypto evolution that has been largely overlooked. We know that crypto assets are both speculative and investment opportunities. We also know they represent radical new technologies. We can acknowledge that they are all those at the same time. What is harder to wrap our heads around is that the asset is the technology. For the first time in our history, we have tradable assets that embody innovation. Sure, investors can get exposure to progress through equities or exchange-traded funds, but they are formulaic wrappers around potential earnings streams that become available to the public only long after the innovation is first tested. Amazon, for example, was founded in 1994 and scrabbled together a startup existence for three years before offering the public the opportunity to speculate. Facebook was founded in 2004 but didn’t offer a tradable asset to represent a bet on its potential until 2012. Both were considered extremely risky in their early pre-initial public offering days, too much so for mainstream investors. And both were extremely volatile at launch and for some time after. Read more: Crypto 2023 - What's Going to Happen After FTX? Even those examples are not exactly comparable. Amazon and Facebook are not new technologies. They represent a new use of a technology. And both have frequently, and especially in recent weeks, seen their values buffeted by corporate decisions and fiat economy-based earnings outlooks. Bitcoin, ether and others are the new technology. Technically, they are assets that move on new rails – but neither the assets nor the rails work or have value without the other. Plus, there is no earnings risk stemming from strategic decisions taken behind closed doors or from difficult economic conditions. It’s as if you had a chance to buy stock in the internet in 1985 that gave you pure exposure to its adoption, with no corporation risk. What’s more, crypto assets open up support for innovation unlike any other tradable vehicle to date. They are pure technology plays that anyone, anywhere can invest in, without having to prove a certain amount of wealth for early access. They are risky, yes, but new concepts usually are, and education as well as platform disclosure rules could offer some protection without erecting inequality-enhancing barriers. Crypto is so much more than a market. It is also more than a new technology. It is a new way of thinking about value, risk, funding and engagement. It adds a jugful of philosophy to the soup of finance, garnishes it with a few dashes of ingenious code and a sprinkle of hype, and stirs it up to get a whole new flavor of evolution. Maybe this year we can do better at getting that message across. Maybe, with that, we will earn a more thoughtful type of criticism as well as a more nuanced approach to regulation. And, in thinking more about the messaging, perhaps even those of us in the industry can face the next cycle with fortified conviction that what we’re working on matters, probably more than most of us realize....
- Reddit Posts (Sample): [['u/nottobetakenesrsly', 'Misconceptions about money', 38, '2023-01-11 00:51', 'https://www.reddit.com/r/Buttcoin/comments/108pa97/misconceptions_about_money/', 'TLDR: There are a lot of misconceptions about money. When money works well, we don’t need to think about it.\n\nThere\'s a great deal of evolved complexity in the current monetary system that may or may not perceptively impact peoples\' lives. The monetary system will continue to evolve, and hopefully without more GFC\'s(GMC\'s). If there\'s a problem to be fixed, any movement wont get far if they don’t understand the problem.\n\nCentral banks aren\'t trying to steal from anyone. Banks don\'t have to be your friend; they just need to work. \n\n...\n\nAlright:\n\nI\'ve found that there\'s a lot of superficial, or overly simplified views on money/the monetary system out there. Extreme antagonism against central banks, commercial banks, etc. in the Bitcoin space. Outdated views on how money is issued, backed, or simply "what money is" both in Bitcoin/CC and anti-Bitcoin/CC circles. I see some of this as due to the over-theorization in academia re: economics, monetary policy, etc. Central banks also over-simplify their role in their public communications to the detriment of better general understanding. Instead, I\'ll come from the perspective of finance; what we actually do day-to-day to fund our activities, and how we ensure "supply" for our markets.\n\nThe modern monetary system is truly global; with many participants across many jurisdictions. I am also going to oversimplify several factors (but hopefully not to a degree that would generate further misconception). We\'ll stick with the global reserve (USD) for any examples. As a note; remember that most money today takes the form of ledger entries; and is not physical cash.\n\nWhere does most money come from?\n\nIn the past; physical cash (paper, coins), comprised most issuance. Sometimes backed by promises of convertibility to precious metals, and usually guaranteed by the government or a related agency. Original central banks (or proto-central banks) were tasked with managing liquidity; and overseeing reserves (managing the funds banks held back to satisfy demand for withdrawals). Due to the constraints of a physical currency system; banks created new procedures to "move" funds without physically transiting cash. Early examples were the acceptance of checks. Banks could correspond with each other and settle transactions on their ledgers without moving physical cash around.\n\nThis phenomenon (using bank ledgers), continued to expand throughout the 1900\'s. These days, physical cash is a vanishingly small portion of what constitutes money; with most money really existing on the ledgers of commercial banks, or bank-like institutions. No backing is present, aside from the implicit convertibility to paper notes. \n\nMost people understand fractional reserve banking *within the regulatory jurisdictions* of their countries. Banks can issue loans using their deposits, but must retain a "reserve" to meet potential withdrawal demand. Banks can keep their reserves with a central bank, and central banks these days also issue "reserves" (denominated in their currency), but are also not cash. These are balance sheet entries that meet regulatory requirements and can be transferred among institutions under the jurisdiction of the central bank. Banks create *the vast majority* of money by lending. \n\nWhat isn\'t covered as much (or is covered in a misleading way: [BIS](https://www.bis.org/publ/qtrpdf/r_qt2212h.htm) ["missing money"](https://www.reuters.com/markets/currencies/global-markets-bis-urgent-2022-12-05/)), is the lending activity outside of the jurisdiction of the central bank. This arena is often called the "eurodollar" system. "euro" in this case only implies "dollars not in the US" (but it is also true of other currencies). Offshore (non-US) entities dealing in USD deposits can also lend against their deposits; and are subject to different reserve requirements (in some jurisdictions, there are no reserve requirements whatsoever - including the US. There are other constraints that are internally or externally imposed). The money creation in this area was significant enough to merit some investigation in the 50\'s and 60\'s including a paper by [Milton Friedman - PDF](https://files.stlouisfed.org/files/htdocs/publications/review/71/07/Principles_Jul1971.pdf). The paper largely captures the space, but suggests a level of indirect influence by the Fed that may be an over-estimation. \n\nNoteworthy are pronouncements of:\n\n>the Euro-dollar market has almost surely raised the world\'s nominal monetary supply... higher than it would otherwise be.\n\nAt the time, the impact wasn\'t fully clear. The eurodollar system evolved out of a necessity; bypassing local constraints to avoid liquidity issues, and potentially going as far as to solve Triffin\'s dilemma/sidestep balance of payments issues. The US didn\'t need to robustly export dollars, because dollars were being created [globally](https://www.economist.com/sites/default/files/20151003_world_econ.pdf) - PDF:\n\n>The freewheeling Eurodollar market for banking in dollars outside America sprang up in the 1960s to get round red tape in America itself. It has been growing at a furious pace ever since.\n\nOf the main methods where global banks and other financial institutions interact, are via derivatives, fx, and repurchase agreements (repo). A repo transaction is when two entities get into a contractual arrangement to sell, and buy back a form of collateral at a later date. A simple example may be that my institution (outside the US), requires USD to satisfy local customer demand or other obligations. We may find another financial entity (e.g. a money market fund), and enter into an agreement. We will sell a mixture of collateral for USD units, and promise to buy it back at a higher price at a later date (often, without the collateral changing hands). We may roll this "loan" over until it can be paid. If we default on the arrangement, the money market fund will take possession of the collateral. Vehicles such as these are what the global system uses to ensure sufficient currency is where it is needed, when it is needed. The 2007-08 crisis was really one of insufficient collateral, causing a cascading breakdown.\n\nMoney is a far more complex thing than "an issuance by the government". Central banks are not out to steal from you using their omnipotent control of the money supply (in reality, they don\'t even have effective measures of broad money). Central banks attempt to influence behavior through monetary policy based on their interpretation of fairly narrow signals, and a narrow definition of inflation. Most aspiring replacements for money propose to fix a system that is ill-understood by its prescriber (I guess maybe we can put a "Few" in here).\n\nApologies for being long-winded or unclear.', 'https://www.reddit.com/r/Buttcoin/comments/108pa97/misconceptions_about_money/', '108pa97', [['u/secret369', 30, '2023-01-11 01:14', 'https://www.reddit.com/r/Buttcoin/comments/108pa97/misconceptions_about_money/j3tp7y0/', 'The thing is, why settle for a complex and nuanced narrative when you can afford an simplistic us-versus-them nonsensical conspiracy theory?', '108pa97'], ['u/Affect-Electrical', 14, '2023-01-11 01:21', 'https://www.reddit.com/r/Buttcoin/comments/108pa97/misconceptions_about_money/j3tqalt/', "The thing about crypto, is it's got nothing to do with how money works, and everything to do with how much money you could get, and absolutely to do with doing whatever you think will get you as much as possible.\n\nAsk SBF.", '108pa97'], ['u/nottobetakenesrsly', 15, '2023-01-11 01:39', 'https://www.reddit.com/r/Buttcoin/comments/108pa97/misconceptions_about_money/j3tsuj4/', 'Well summed up... If I were to be generous; maybe it gives people an easier target to blame for shortcomings. Some of the shortcomings may be their own, some may be outside of their control.', '108pa97'], ['u/cladtidings', 11, '2023-01-11 02:08', 'https://www.reddit.com/r/Buttcoin/comments/108pa97/misconceptions_about_money/j3tx5hn/', 'Bitcoin weirdos LOVE glib, simplistic narratives that don\'t hold up to scrutiny. I know one who\'ll say things like "gold is just a shiny metal" and "real estate is not a store of value" like it\'s some profound truth and not just some sniveling drivel he\'s parroting. Bitcoin and crypto contributes to the overall dumbing down of the culture, by encouraging hive mind thinking and a meme-based, sound byte philosophy.', '108pa97'], ['u/dyzo-blue', 17, '2023-01-11 02:57', 'https://www.reddit.com/r/Buttcoin/comments/108pa97/misconceptions_about_money/j3u43ki/', "I think with a lot of Fed-haters — be they reactionaries or libertarians or butters — something like this happened to them:\n\n1) Around age 5, their mother tried to instill in them the importance of saving money. She explained that if you keep it in a bank account, the money grows because of interest. She said only bad people spend all their money, rather than setting some aside in a bank and delaying the gratification of spending it, perhaps until they are seniors. Also, borrowing is risky behavior that should be avoided at all costs — only spend less than you have.\n\n2) Then, sometime in their late teens or early twenties, they learn about inflation. And they realize that saving money in a bank throughout their childhood was dumb, as it was decreasing in spending value even with the interest rate included. And it turned out, bankers (whether they work for actual banks or the government) are actually intentionally managing the economy in such a way that there tends to be slow steady and predictable inflation. On top of that, the people who make the most money, borrow money all the time to keep their businesses going. (How unfair is that?)\n\n3) Then, instead of adjusting their model of mo...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
| |
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['New York, NY --News Direct-- Finixio Looking for the best crypto to invest in 2023? Considering the current bear market, some crypto enthusiasts argue that there has never been a better time to invest while prices are low before they explode in the next bull run. In this article, we take a look at the 10 best cryptocurrency to watch in the coming months before the next bull market commences. Best Crypto to Buy Now - Top 10 List Based on a variety of factors - such as current pricing action, future potential, roadmap targets, and mass appeal - here’s a list of the 10 best crypto to invest in now for 2023. MEMAG - Overall Best Cryptocurrency to Buy Today for P2E, NFTs and More Fight Out - Move-to-Earn Concept Rewards Users for Exercise C+Charge - Democratizing the Carbon Credit Industry Through Charging Stations Robotera - Innovative Planet-Rebuilding Metaverse With Robot Avatars Calvaria - NFT Card Collectables With Play-to-Earn Rewards Lucky Block - Global Crypto Casino and Sportsbook With a Utility Native Token Tamadoge - Enter the Tamaverse to Breed and Battle Virtual Pets for Rewards Bitcoin - Top cryptocurrency to Invest in for Long-Term Wealth Dogecoin - Leading Meme Coin With Huge Online Following Ethereum - Solid Smart Contract Platform and the Home of dApps Read on to find our in-depth views of the undervalued crypto projects listed above. 1. MEMAG - Overall Best Cryptocurrency to Invest in Today The overall best crypto to watch right now is Meta Masters Guild (MEMAG) . MEMAG has just commenced its much-anticipated presale campaign, which is expected to sell out in record time. More on the presale shortly. In terms of the project objectives, Meta Masters Guide is looking to revolutionize the play-to-earn gaming space through its own native, blockchain-based ecosystem. This will be powered and backed by its proprietary crypto token. The unique selling point here is that MEMAG will offer decentralized games with real-world rewards specifically for the mobile gaming market. This is one of the fastest-growing segments of the gaming space and MEMAG is primed to be at the forefront of it in the coming years. There will be no limit to the number or even type of mobile games that form part of the Meta Masters Guild ecosystem. Crucially, however, all games will have a play- AND -earn aspect that enables users to earn and accumulate Gems. Those with Gems can convert the rewards to MEMAG tokens. The play-and-earn concept (as opposed to play-to-earn) ensures that the primary focus for players is to enjoy the games they play. This ensures that players are not accessing games simply for making gains - which is unsustainable in the long run. Story continues Instead, the play-and-earn concept in the MEMAG whitepaper states that if users are playing games in their masses, the economic rewards will follow suit. Another important factor of MEMAG games is that players will own all in-game assets. This will be verified and stored on the Ethereum blockchain for safety and transparency. In terms of upcoming games, MEMAG has already released information on confirmed titles. This includes Meta Kart Races - a player-vs-player racing game with in-game rewards. Next up is Raid NFT, which is based on the classic turn-based fighting concept. Meta Masters World is also under development, which will see players explore open worlds while collecting resources. Now onto the presale. As of writing, MEMAG tokens are in stage one of their presale campaign - trading at just $0.007. Once this stage is complete, the presale price will increase to $0.01. This offers an immediate upside of 40% - and this is before the MEMAG token has even completed its first exchange listing. In terms of the specifics, the MEMAG presale accepts ETH and USDT. Those without either of these tokens can buy ETH with a credit card via the presale website (KYC required). The first centralized exchange listing will be completed in Q2 2023. Visit MEMAG Presale 2. Fight Out - Move-to-Earn Concept Rewards Users for Exercise Next up on this analysis of the best crypto to buy right now is Fight Out . This innovative project is bringing crypto and blockchain to the fitness and exercise spaces. The concept is known as move-to-earn and this is expected to grow exponentially in the coming years. As the name suggests, move-to-earn rewards users for ‘moving’. In other words, completed steps through the day via walking, jogging, or running. However, the underlying technology at Fight Out takes the move-to-earn concept to the very next level. For instance, instead of merely tracking steps, the Fight Out app will be able to take into account all forms of exercise. This includes everything from strength and cardio to muscular endurance. What’s more, Fight Out is building its own unique metaverse that enables users from all over the world to earn while they stay fit. Within the Fight Out metaverse, users will be able to enter competitions to increase earning capabilities, not to mention socialize with other like-minded fitness fans. The metaverse will connect to the real-world, insofar that Fight Out will also be building its own chains of gyms. There will also be Fight Out merchandise, which will further promote the brand. In order to gain unfettered access to the Fight Out metaverse and super app, users will need to pay a subscription. All subscription fees are paid in $FGHT tokens. This is the native token of the Fight Out ecosystem - which is built on top of the Ethereum blockchain. The second digital currency that is native to the Fight Out ecosystem is REPS. This is the currency that enables users to earn rewards through workouts, exercise competitions, and more. One of the best things about Fight Out and its advanced, web 3.0 move-to-earn concept is that the project is only just getting started. And as such, those looking to gain exposure to Fight Out can now do so via the ongoing presale campaign. At this moment in time, the Fight Out crypto presale is in stage one. Therefore, at $0.0166, this offers the lowest price point possible. Once $5 million has been raised, the Fight Out crypto presale will increase the price to $0.0333. This means that those buying during stage one of the presale will lock in a huge discount of 50%. As an Ethereum-based, ERC-20 token, Fight Out accepts both ETH and USDT during the presale. Check out the Fight Out whitepaper here. Visit Fight Out Presale 3. C+Charge - Democratizing the Carbon Credit Industry Through Charging Stations One of the best cryptocurrency to buy today from the green and renewables arena is C+Charge . This project is looking to democratize the carbon credit industry via charging stations. To set the scene, carbon credits are permits that enable businesses to emit higher levels of carbon and other harmful gasses into the atmosphere. As such, carbon credits have real-world value. However, in its current form, electric vehicle (EV) owners are not earning carbon credits when charging their model - as should be the case. Instead, the carbon credits are earned by the respective charging station and of course, the maker of the EV. This is where C+Charge comes in. In a nutshell, the project is building a global network of charging stations that will enable EV owners to earn carbon credits every time they charge and drive their cars. This will be in addition to partnerships with leading EV manufacturers and operators. Not only that, but the project is looking to revolutionize payments at charging stations too through its native digital token - C+Charge. This Ethereum-based token will ensure that EV owners are able to earn carbon credits in a transparent and secure way. Another important factor about C+Charge is its reflection program. This will allow C+Charge token holders to earn carbon credits passively. This is because 1% of all C+Charge transactions will be allocated to directly purchasing carbon credits, and distributed to token holders accordingly. Although C+Charge is a new and growing project, it has already formed partnerships with a range of notable stakeholders. This includes Chain Labs, CLS Global, Flowcarbon, Phihong, and many others. Those that view C+Charge as the best crypto to invest in 2023 will be pleased to know that the token is currently engaged in its presale launch. Not only that, but as the presale is in stage one, early investors can take advantage of a discounted price of $0.013 per CCHG token. Once stage two kicks in, the price will increase to $0.0165 per CCHG. For stage one investors, this means an immediate upside of 26%. The first CEX listing of C+Charge will go live on March 31st, 2022. Check out the C+Charge whitepaper for more information on this project. Visit C+Charge Presale 4. Robotera - Innovative Planet-Rebuilding Metaverse With Robot Avatars One of the best cryptocurrency to invest in 2023 for proponents of the metaverse may wish to explore Robotera . This project is not only building its own, unique metaverse - but the ecosystem is themed around robots. Each virtual robot will be completely unique and personalized to the user. The overarching concept is that players will use their virtual robot to acquire resources throughout the limitless Robotera metaverse. This includes the ability to buy virtual plots of land. The concept of real estate in the metaverse is growing at a rapid pace, which is why Robotera could be the best cryptocurrency to buy now. After buying land, players will be able to build on it however they see fit. There are no boundaries in the Robotera metaverse, meaning players can build everything from a condo or hotel to a stadium. Moreover, the Robotera metaverse enables players to monetize their virtual land and real estate projects. As a simplistic example, players can rent out rooms in their custom-built hotel. Crucially, all virtual plots of land and in-game assets are backed by NFTs. This ensures that players have the opportunity to sell or trade their virtual items at
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-01-12
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $350,891,335,612
- Hash Rate: 255914886.5988972
- Transaction Count: 315980.0
- Unique Addresses: 717816.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.30
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Nati Harnik / AP Known as the “Oracle of Omaha,” Warren Buffett is often credited as being one of the greatest investors of all time . His investment decisions have helped him accumulate a net worth of $108.1 billion, according to Forbes . While Buffett has certainly had more than his fair share of success in the markets, not every decision he has made has been a winner. Wealthy Millennials Aren’t Banking on Stocks: Here’s What They’re Investing In Instead Discover: 5 Things You Must Do When Your Savings Reach $50,000 Here are some of the missteps Buffett has made, according to finance and investment experts. Not Buying During the Pandemic Downswing “Warren Buffett made a poor investment decision during COVID-19,” said Steve Chou, money management expert and founder of MyWifeQuitHerJob.com . “While he is known for ‘being greedy when others are fearful,’ he neglected to follow his own advice during the pandemic. When the S&P dropped almost 35% due to panic selling, he did not make any purchases and missed out on a huge money-making opportunity.” Take Our Poll: Do You Think People Should Invest In Crypto? Being Bearish on Bitcoin “I think Buffett’s thesis on crypto, specifically Bitcoin, is incorrect,” said Adam Struck, founder of Struck Capital . “Buffett has made multiple bearish statements against Bitcoin and cryptocurrency as a whole, citing a lack of true utility associated with the token. “The core technology innovation behind Bitcoin allows for the trustless P2P exchange of value without any of the limitations associated with our current fiat-based monetary system. With cryptocurrency, one can transfer value to another individual without requiring a third-party intermediary to authenticate or verify the transaction. This allows value to be exchanged almost instantaneously at any time from any location. “From my perspective,” Struck continued, “Bitcoin specifically is a manifestation of that core technology innovation; and, as a first mover, Bitcoin has a perception of value in a similar vein as gold. This puts Bitcoin in a position to be a digital store of value, separating itself from the pack in comparison to other cryptocurrencies.” Story continues However, not all experts would qualify this as a misstep. “Given how crypto has been performing, I don’t blame him for not investing in it, as it is no hedge against inflation nor any more transparent than the stock market,” said tokenomics expert Eloisa Marchesoni . “Crypto is for the brave punks and probably just doesn’t speak to his generation.” Buying Berkshire Hathaway Although Buffett has turned Berkshire Hathaway into a successful conglomerate, when he first purchased the company, it was a failing textile company. “Buffett admits his purchase of Berkshire Hathaway in 1964 was a mistake,” said Sam Dogen, founder of Financial Samurai. “Buffett was too emotional and bought out the owner because Buffett wanted him removed. The owner reneged on a previously agreed-upon purchase price to buy Buffett’s stake, so Buffett went the other way and sunk good money after bad.” Waiting Too Long To Buy Tech Stocks “Buffett has a history of avoiding investments into any kind of business and technology he doesn’t understand. This has admittedly led to his missing out on the majority of big tech domination, particularly Google and Amazon,” said Jeff Feng, head of Sei Network . Bob Lotich, CEPF, author of “Simple Money, Rich Life,” also sees this as a misstep. “Warren gets so much right that it is nerve-wracking to point out his mistakes, but I bought Amazon stock in 2010 because it became so obvious to me that they were on to something huge,” he said. “Warren didn’t begin buying Amazon stock until 2019, and he viewed that as a mistake that he didn’t start investing in Amazon sooner.” Not Investing in Gold “He misses the mark with his claim that physical gold is of little or no value to his portfolio because ‘it doesn’t do anything but sit there and look at you,'” said Len Penzo, founder of the personal finance blog Len Penzo dot Com . “Rather than looking at gold as an investment, Buffett ignores gold’s primary role as wealth insurance. Gold is the ultimate money, and therefore its value can never go to zero — unlike stocks and bonds. For this reason, there are more than a few people out there who keep a small percentage of physical gold in their investment portfolio as a hedge against catastrophic financial downturns and monetary system crises.” Recommending a Low-Cost Index Fund for Retirement Savings “Warren misses big on one thing: that the average American should use a low-cost index fund as a retirement plan,” said Curtis Ray, financial planner and creator of MPI Unlimited . “Although they can be good for accumulating wealth, they are very inefficient at distributing retirement income due to the 4% rule. Even if an individual achieves the rare accomplishment of saving more than $1 million in their low-cost index fund, this can produce as low as $40,000 a year in retirement income and then be taxed if it’s not in a Roth IRA.” ‘He Gets Nothing Wrong’ Not every financial expert would categorize any of these actions (or inactions) as mistakes. “Warren Buffett gets nothing wrong,” said David Bach, founder of FinishRich Media . “The man, along with his partner Charles Munger, is the GOAT of investing in my lifetime, and arguably one of the greatest financial teachers that have ever lived. Drop the mic.” Gabrielle Olya contributed to the reporting for this article. More From GOBankingRates 6 Shakeups to Social Security Expected in the New Year Get Top Holiday Shopping and Savings Tips The 10 Best Rewards Credit Cards for 2023 7 Ways To Know You're Ready To Start Investing This article originally appeared on GOBankingRates.com : Investing Experts Reveal Warren Buffett’s Mistakes...
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Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['With a stressful year behind us, it’s time to buy undervalued stocks , including the seven bargain financial stocks we’ll discuss today.\xa0Historically, this industry is known for sizable dividends and strong profitability, especially now with rising interest rates. When combined with attractive entry points, these seven bargain financial stocks could help return solid gains. Even better, these financial stocks are all selling at a discount to their book values while offering strong prospects. C Citigroup $49.09 NYCB New York Community Bancorp $9.45 BBVA Banco Bilbao Vizcaya Argentaria $6.85 STC Stewart Information Services $47.03 CIB Bancolombia $29.39 KB KB Financial $45.56 CUBI Customers Bancorp $29.50 Citigroup (C) The logo for Citigroup (C) can be seen on the side of an office building for the company. Source: Willy Barton / Shutterstock.com Citigroup (NYSE: C ) is one of the nation’s largest banks. It has a dominant franchise spanning investment banking, retail operations, and a massive international footprint. Unfortunately, the company also developed a strong reputation for problematic situations. For example, Citigroup once sent $900 million to Revlon creditors in an epic blunder. Meanwhile, the bank should have only sent $7.8 million. However, despite its fair share of gaffes, the stock has become undervalued. So much so, it now trades at about half of its book value, which is well under other U.S. banks. In addition, the stock trades at just 6.7x earnings and pays a dividend yield of 4.2%.\xa0Sure, Citigroup is far from the most efficient or well-run bank in the country. But its operations are strongly profitable and maintain considerable investment appeal. For value investors, Citigroup is a worthy buy at today’s prices. InvestorPlace - Stock Market News, Stock Advice & Trading Tips New York Community Bancorp (NYCB) A customer makes a transaction at a bank Source: Africa Studio / Shutterstock.com New York Community Bancorp (NYSE: NYCB ) is a large regional bank in New York City.\xa0The bank has historically run a unique model focused on lending primarily to multi-family housing landlords. There are relatively few banks that lend against this property type in New York, giving the bank a solid niche with a broad pool of clients. These loans are exceptionally low risk, given the stability and demand for New York apartments. Story continues On the other hand, New York Community Bancorp has delivered meager returns in recent years as the low-risk business simply hasn’t generated enough profits to excite shareholders. However, things appear to be changing. The bank finalized its merger with Flagstar Bancorp, which now expands the firm’s lending operations and brings in a larger amount of low-cost deposits. This should immediately boost the combined bank’s earnings considerably.\xa0Throw in a discount to book value and a mouth-watering 7.2% dividend yield, and NYCB stock is set to rise in 2023. Due to the low-risk nature of its loan book, the bank is also better positioned than most if and when a recession does in fact hit. Banco Bilbao Vizcaya Argentaria (BBVA) hands at desk near laptop computer, with one hand holding a pile of hundred dollar bills Source: shutterstock.com/CC7 Banco Bilbao Vizcaya Argentaria (NYSE: BBVA ), or BBVA for short, is a multinational bank headquartered in Spain. Despite its European roots, BBVA has evolved primarily into an emerging market bank. It generates three-quarters of its profits away from Spain, and close to half from its Mexican operations alone. This has been a favorable development for BBVA as Latin American economies have been more dynamic than European ones recently. European banking shares have had a miserable decade amid low-interest rates, sluggish consumer spending, and minimal GDP growth. Investors may overlook BBVA stock due to being based out of Spain. However, its key franchise in Mexico has much more promising prospects. The Mexican economy has performed well coming out of the pandemic, with it particularly gaining strength in the manufacturing sector. As companies rethink their supply chains, many firms are reducing production in China and increasing activity in Mexico instead, which leads to more lending prospects for BBVA. BBVA stock has rallied sharply over the past few months. Despite that, shares remain cheap. Not only are they at a discount to book value, but they also sell for less than seven times earnings. As if that weren’t enough, BBVA stock also offers a 6.7% dividend yield. Stewart Information Services (STC) miniature home next to pen, pad of paper, calculator and coins on a desk Source: MIND AND I / Shutterstock.com Stewart Information Services (NYSE: STC ) is involved with the attractive title insurance industry.\xa0This form of insurance protects banks and homeowners from any defects in the deed for properties. Unlike most forms of insurance, damages tend to be quite limited compared to premiums, leading to large profits for the insurers. So, why do people buy title insurance? Most banks won’t issue a mortgage for a home unless the buyer purchases title insurance. Thus, Stewart and its peers have a tremendous business, as they get a nice cut of just about every home purchase in America. Right now, the market isn’t so impressed, however. With home prices topping out and new home purchases losing steam, analysts are preparing for a downturn in demand for title insurance along with other housing-related products.\xa0That’s a valid concern. But it’s a short-term issue. The long-term appeal of title insurance remains bright. Meanwhile, STC stock now sells for less than seven times forward earnings and pays a 3.8% dividend yield as well. Bancolombia (CIB) bank customer sliding money to teller at bank desk Source: Syda Productions / Shutterstock.com Bancolombia (NYSE: CIB ) is Colombia’s largest banking firm. It, along with its two chief rivals, controls about 70% of the nation’s banking market. This leads to high-profit margins thanks to limited competition. Bancolombia also controls a sizable banking franchise across Central America. Shares took a hit in the back half of 2022 following Colombia’s election of Gustavo Petro. In theory, this could be a major negative for the bank. However, South American countries have a tendency to swing dramatically between the left and right without causing too much change to underlying business fundamentals. Colombia historically has been pro-business and offered shareholders strong returns. Bancolombia, for its part, has been listed in New York since 1995 and has delivered a total return (including dividends) of more than 600% since its listing in that year.\xa0The current sell-off could be a golden opportunity. Shares now go for just four times forward earnings and are at a significant discount to their traditional price/book value ratio. Meanwhile, Colombia’s economy has been heating up over the past year, as it is a major exporter of crude oil and other commodity products which benefit from inflationary conditions. KB Financial Group (KB) Finger pointing at the word "banking" Source: PopTika/ShutterStock.com KB Financial Group (NYSE: KB ) is South Korea’s leading financial group. It’s more than just a bank. It has invested heavily in other lines of business such as securities and insurance to smooth out operations and reduce its reliance on core banking profits. In addition to its leading position in the South Korean market, KB also operates in numerous other Southeast Asian markets and has recently furthered its footprint with acquisitions in Cambodia and Indonesia. What’s the appeal of a South Korean banking franchise? South Korean equities have been depressed for the past few years. That’s driven by a series of concerns around the Chinese economy, regional geopolitical tensions , and worries around the demand for key South Korean exports.\xa0However, arguably, this is all reflected too heavily in the prices of leading South Korean companies, including KB stock. Shares are now going for less than 5.5 times forward earnings. The stock pays a greater than 6% dividend yield. In addition, the company just announced a new share buyback program as well. Customers Bancorp (CUBI) Image of a grey cityscape with a large corporate building that features the word bank on it Source: Shutterstock Customers Bancorp (NYSE: CUBI ) is a smaller regional bank based out of Pennsylvania, which has\xa0enjoyed tremendous growth over the past few years. The bank’s revenues surged from $288 million in 2019 to $405 million in 2020 and then $735 million in 2021. Customers Bancorp achieved this through an aggressive digital strategy. Customers have launched a banking-as-a-service platform for FinTech and cryptocurrency companies. This is to say that Customers has served as an FDIC-regulated conduit to help provide liquidity to emerging sectors of the economy. Doing business for crypto and FinTech companies has given Customers Bancorp access to a large pool of low-cost deposits which, in turn, can be lent at highly profitable rates. Now, however, any and all banks with a cryptocurrency angle have come under fire . However, this may be overblown. For banks that merely hold cryptocurrency deposits, rather than lending to crypto firms, there should be minimal risk. Regardless, CUBI stock has dropped nearly 60% over the past year, which now puts shares at just four times forward earnings. On the date of publication, Ian Bezek held a long position in CIB and NYCB stock. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . Ian Bezek has written more than 1,000 articles for InvestorPlace.com and Seeking Alpha. He also worked as a Junior Analyst for Kerrisdale Capital, a $300 million New York City-based hedge fund. You can reach him on Twitter at @irbezek. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-01-13
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $360,708,771,200
- Hash Rate: 269473291.1869182
- Transaction Count: 316549.0
- Unique Addresses: 743545.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.31
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: ACI Worldwide Inc (NASDAQ: ACIW ) is reportedly discussing a potential sale with private equity firms. The payments-software provider said it is working with financial advisers as it fields takeover interest, Bloomberg reported . One of the people told Bloomberg there’s no certainty ACI will reach a deal given the rocky state of the leveraged financing markets. The company has long been viewed as ripe for a takeover because it’s a relatively small player in a consolidating industry. ACI roped in an adviser to explore a sale two years ago, Barrons reported, after Starboard Value purchased a stake and pushed the company to sell. Starboard has been selling down its stake since reaching an agreement in 2021 that added two independent directors to ACI’s board. During its latest quarterly results, ACI delivered Q3 sales of $307 million and adjusted EBITDA of $46 million . For FY22, ACI expects adjusted EBITDA of $365-$380 million. Price Action: ACIW shares closed 13.4% higher at $26.11 on Wednesday. See more from Benzinga Walgreens Boots Alliance Might Be First Pharmacy To Dispense Abortion Pills, Others To Follow Poseida Therapeutics Ushers New Era For Gene Therapies, Analyst Initiating Coverage Says Satoshi Nakamoto's Last Messages Before Disappearing, The Odds Of $250K BTC In 2023 - Bitcoin (BTC/USD), Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better . © 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved....
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Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin\'s (BTC) 2023 surge continues, with the crypto now above $20,000 for the first time since the FTX collapse in early November.\nThe largest cryptocurrency by market capitalization started the week near the $17,000 mark after hovering in the mid-$16,000 area since mid-December. Now at $20,250, bitcoin has gained more than 20% in the opening two weeks of this year. Still, the crypto – which topped $65,000 in Nov. 2021 – remains near the low end of a brutal bear market.\nIndeed, $20,000 “once [was] deemed a disturbing low but now potentially represents a sign of a revival,” according to Craig Erlam, senior market analyst at foreign exchange market maker Oanda.\nAlso moving nicely higher is ether (ETH), ahead more than 20% year-to-date and threatening $1,500 for the first time since early November.\nTheCoinDesk Market Index(CMI) rose 14% for the week.\nCrypto-related stocks also benefited from the rally this week: Exchange Coinbase (COIN) was up 39% while bitcoin miner Marathon Digital Holdings (MARA) surged 76%.\nRead more:Left for Dead Crypto Names Roar Higher as Bitcoin Bounces\nTraditional markets were also higher for the week, the S&P 500 gaining more than 2% as Q4 earnings season began andas U.S. inflation numbers- though remaining elevated – continued to move lower. “Optimism has been compounded by the first monthly inflation decline in two-and-a-half years and further sharp annual declines in both the headline and core readings,” Erlam wrote.\nNicholas Colas, co-founder of the market analysis firm DataTrek Research, wrote in a note that the U.S. Federal Reserve\'s policy still matters, but "other issues like China’s reopening, the pace of US economic and corporate earnings growth, and positive real rates will jostle for investors’ attention."\n“None of this guarantees that 2023 will be a good year for risk assets, but it does say it will look a lot more normal\' than last year,” said Colas.', 'Bitcoin\'s ( BTC ) 2023 surge continues, with the crypto now above $20,000 for the first time since the FTX collapse in early November. The largest cryptocurrency by market capitalization started the week near the $17,000 mark after hovering in the mid-$16,000 area since mid-December. Now at $20,250, bitcoin has gained more than 20% in the opening two weeks of this year. Still, the crypto \x96 which topped $65,000 in Nov. 2021 \x96 remains near the low end of a brutal bear market. Indeed, $20,000 \x93once [was] deemed a disturbing low but now potentially represents a sign of a revival,\x94 according to Craig Erlam, senior market analyst at foreign exchange market maker Oanda. Also moving nicely higher is ether ( ETH ), ahead more than 20% year-to-date and threatening $1,500 for the first time since early November. The CoinDesk Market Index (CMI) rose 14% for the week. Crypto-related stocks also benefited from the rally this week: Exchange Coinbase (COIN) was up 39% while bitcoin miner Marathon Digital Holdings (MARA) surged 76%. Read more: Left for Dead Crypto Names Roar Higher as Bitcoin Bounces Traditional markets were also higher for the week, the S&P 500 gaining more than 2% as Q4 earnings season began and as U.S. inflation numbers - though remaining elevated \x96 continued to move lower. \x93Optimism has been compounded by the first monthly inflation decline in two-and-a-half years and further sharp annual declines in both the headline and core readings,\x94 Erlam wrote. Nicholas Colas, co-founder of the market analysis firm DataTrek Research, wrote in a note that the U.S. Federal Reserve\'s policy still matters, but "other issues like China\x92s reopening, the pace of US economic and corporate earnings growth, and positive real rates will jostle for investors\x92 attention." \x93None of this guarantees that 2023 will be a good year for risk assets, but it does say it will look a lot more normal\' than last year,\x94 said Colas.', 'Bitcoin\'s (BTC) 2023 surge continues, with the crypto now above $20,000 for the first time since the FTX collapse in early November.\nThe largest cryptocurrency by market capitalization started the week near the $17,000 mark after hovering in the mid-$16,000 area since mid-December. Now at $20,250, bitcoin has gained more than 20% in the opening two weeks of this year. Still, the crypto – which topped $65,000 in Nov. 2021 – remains near the low end of a brutal bear market.\nIndeed, $20,000 “once [was] deemed a disturbing low but now potentially represents a sign of a revival,” according to Craig Erlam, senior market analyst at foreign exchange market maker Oanda.\nAlso moving nicely higher is ether (ETH), ahead more than 20% year-to-date and threatening $1,500 for the first time since early November.\nTheCoinDesk Market Index(CMI) rose 14% for the week.\nCrypto-related stocks also benefited from the rally this week: Exchange Coinbase (COIN) was up 39% while bitcoin miner Marathon Digital Holdings (MARA) surged 76%.\nRead more:Left for Dead Crypto Names Roar Higher as Bitcoin Bounces\nTraditional markets were also higher for the week, the S&P 500 gaining more than 2% as Q4 earnings season began andas U.S. inflation numbers- though remaining elevated – continued to move lower. “Optimism has been compounded by the first monthly inflation decline in two-and-a-half years and further sharp annual declines in both the headline and core readings,” Erlam wrote.\nNicholas Colas, co-founder of the market analysis firm DataTrek Research, wrote in a note that the U.S. Federal Reserve\'s policy still matters, but "other issues like China’s reopening, the pace of US economic and corporate earnings growth, and positive real rates will jostle for investors’ attention."\n“None of this guarantees that 2023 will be a good year for risk assets, but it does say it will look a lot more normal\' than last year,” said Colas.', "The cryptocurrency market continued its rally on Friday as Bitcoin hit a high of just over $20,000 per coin.\nBitcoin hasn’t been priced this high since early November, according to data from CoinGecko, before the spectacular collapse of FTX.\nThe broader crypto market is also showing signs of life as the total market capitalization of the industry currently stands at $979 billion, an increase of 3.8% in the last 24 hours. More than $72 billion in crypto has been traded in the last day, according to CoinGecko.\nThe price of BTC began to climb earlier this week in anticipation of the release of the Federal Reserve's DecemberConsumer Price Indexreport. Bitcoin started the week trading at $17,207 on Monday and has continued an upward trajectory ever since. The CPI report met market expectations and showed that inflation in the U.S. economy is indeed slowing.\nThe report was welcomed news for both traditional and crypto investors. But it also comes at a time when there is a renewed focus on crypto in Washington, D.C. The collapse of FTX in November has lawmakers on high alert. FTX founder and former CEO Sam Bankman-Fried was arrested last month and charged with eight crimes, including wire fraud and campaign finance violations.\nThe SEC has also increased its scrutiny of the crypto market as of late, bringing fresh charges against major players. Yesterday, the Commission charged cryptocurrency exchange Gemini and crypto broker Genesis with securities laws violations over an “Earn” program that allowed investors to earn yield on Bitcoin deposits. U.S. House Republicans also announced plans yesterday for a subcommittee dedicated to cryptocurrency,Politicoreported.\nWhile Bitcoin's upward moves have many on Crypto Twitter celebrating, $20,000 is still 71% lower than Bitcoin's previous all-time high of just over $69,000.\nThe views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.", "The cryptocurrency market continued its rally on Friday as Bitcoin hit a high of just over $20,000 per coin. Bitcoin hasn\x92t been priced this high since early November, according to data from CoinGecko, before the spectacular collapse of FTX. The broader crypto market is also showing signs of life as the total market capitalization of the industry currently stands at $979 billion, an increase of 3.8% in the last 24 hours. More than $72 billion in crypto has been traded in the last day, according to CoinGecko. The price of BTC began to climb earlier this week in anticipation of the release of the Federal Reserve's December Consumer Price Index report. Bitcoin started the week trading at $17,207 on Monday and has continued an upward trajectory ever since. The CPI report met market expectations and showed that inflation in the U.S. economy is indeed slowing. The report was welcomed news for both traditional and crypto investors. But it also comes at a time when there is a renewed focus on crypto in Washington, D.C. The collapse of FTX in November has lawmakers on high alert. FTX founder and former CEO Sam Bankman-Fried was arrested last month and charged with eight crimes, including wire fraud and campaign finance violations. The SEC has also increased its scrutiny of the crypto market as of late, bringing fresh charges against major players. Yesterday, the Commission charged cryptocurrency exchange Gemini and crypto broker Genesis with securities laws violations over an \x93Earn\x94 program that allowed investors to earn yield on Bitcoin deposits. U.S. House Republicans also announced plans yesterday for a subcommittee dedicated to cryptocurrency, Politico reported. While Bitcoin's upward moves have many on Crypto Twitter celebrating, $20,000 is still 71% lower than Bitcoin's previous all-time high of just over $69,000. The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice. View comments", "The cryptocurrency market continued its rally on Friday as Bitcoin hit a high of just over $20,000 per coin.\nBitcoin hasn’t been priced this h
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-01-14
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $402,766,851,750
- Hash Rate: 289810898.0689498
- Transaction Count: 309880.0
- Unique Addresses: 725858.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.46
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: When was the last time you visited a GameStop (NYSE: GME )? Its management team apparently rather you didnt know; the firm stopped reporting same-store sales in 2021. E-commerce sales are also no longer reported separately, an ominous sign for a firm whose chairman once promised to build a powerful e-commerce platform that provides competitive pricing, broad gaming selection, etcetera. Yet, no amount of hand-waving can hide an increasingly clear fact: GameStops core business remains in terminal decline . InvestorPlace - Stock Market News, Stock Advice & Trading Tips The Texas-based firm is now on track to lose $418 million in 2023, three times more than it burned through in 2021. Its NFT business has come six months too late, and its forays into e-commerce seem to have hit a brick (and mortar) wall. For all of Chairman Ryan Cohens efforts, his handpicked management team has failed to deliver the goods, despite the herculean efforts of GameStop shareholders to prop up its stock price . So, perhaps its time to stop asking when the next GameStop short squeeze might happen, and consider this: What if Elon Musk bought GameStop stock? GameStop Needs an Elon Musk First, lets be clear: I wouldnt wish the wrath of the worlds wealthiest man onto my worst enemy. The Tesla (NASDAQ: TSLA ) billionaire has a long history of taking fights to extremes and even his well-intentioned actions can have damaging results . When your bank account is the size of a cruise ship, your wake can unintentionally sink passing boats. Yet, Mr. Musks hard-driving style has also single-handedly transformed the carmaking business. Berkshire Hathaways (NYSE: BRK-A , NYSE: BRK-B ) Charlie Munger has called Tesla a minor miracle and even online critic and author Stephen King grudgingly calls Mr. Musk a visionary . Love him or hate him, Elon Musk is the chaos monkey that stagnant industries often need . Nowhere is this clearer than his overzealous takeover of Twitters operations. Why hire fancy management consultants to right-size your firm when you can fire half of the staff by tweet? And though Twitters rollout of its verified checkmark system was entirely botched, one has to marvel that it took less than two weeks to launch. Story continues These are same kick-in-the-pants actions that GameStop now desperately needs. GameStop on the Brink GameStops new problem is the same old one: Shiny plastic discs are a dying business . In the pre-Cohen days, GameStops management was essentially tasked with winding down the retailer while extracting as much value as possible for investors. Between 2017-2020, GameStop returned around $800 million to shareholders while reducing store count by almost 30%. The company would also cut its capital expenditures by 55% and lower costs at the corporate level. All these are signs of a retailer getting ready to cross the rainbow bridge. Its new management has failed to grasp this reality. Under CEO Matt Furlong, the firm has managed to burn through $811 million in a year by increasing corporate overheads without any meaningful plan to revamp its business. Walk into any GameStop retail location, and it will also become apparent that the companys $60 million in capital expenditure is barely enough to keep the lights on. An empty GameStop (GME) store in Dresden, Germany. Source: 1take1shot / Shutterstock.com Mr. Furlongs new projects have also been duds. The company spent almost a year readying its NFT marketplace, only to launch in the middle of a massive crypto winter. And Web 3.0 gaming has essentially flatlined. GameStops Kira Genesis Collection posted only 28 trades on Nov. 28, down from 2,670 less than a month before . Only 2,475 unique owners are listed on its blockchain. A return to managed decline has also become unattractive, given GameStops now-$7.7 billion enterprise value. No financial wizard could possibly squeeze that amount from the retailers remaining assets. Can Elon Musk Save GameStop? That leaves only one clear option for GameStop as a firm: An Edgelord Shakeup . GameStop essentially needs to turn around its brick-and-mortar business, expand into online gaming, get its mobile gaming strategy right
all while facing the prospect of running out of cash by Christmas 2023. On the positive side, the firm has a legion of loyal financial backers. Almost 30% of the companys shares are now directly held by transfer agents , and GME stock has the highest valuation of retailers that make no money, according to data from Thompson Reuters. Its a situation that Elon Musk would have enjoyed as Teslas CEO. GameStop also retains a loyal fanbase of consumers who insist on buying games in person. But time is quickly running out for the videogame retailer. Shoppers are increasingly buying goods online , and theyre not doing it through GameStops site. According to data from TipRanks, traffic to GameStop.com has fallen 24% in the past month. Online rivals like Valves Steam have become what GameStop once hoped to be . An Edgelord takeover, of course, will be anything but smooth. Corporate layoffs will increase, and golden parachutes deployed. And theres no telling what someone like Elon Musk will do to the thousands of GameStop retail workers toiling away in its physical stores. But it will be for the best. In 2015, writers at the Financial Times joked that the bankrupt RadioShack might have survived by selling fruit baskets or turning its stores into Zumba studios . If GameStop wants to avoid becoming that same punchline, its board should consider calling up Mr. Musk and asking if hes available for another CEO role. On the date of publication, Tom Yeung did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . Tom Yeung is a market analyst and portfolio manager of the Omnia Portfolio, the highest-tier subscription at InvestorPlace. He is the former editor of Tom Yeungs Profit & Protection, a free e-letter about investing to profit in good times and protecting gains during the bad. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today Early Bitcoin Millionaire Reveals His Next Big Crypto Trade On Air It doesnt matter if you have $500 or $5 million. Do this now. The post Elon Musk Needs to Buy GameStop Next. Seriously. appeared first on InvestorPlace ....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Chamath Palihapitiya cohosts the podcast "All-In." Brian Ach/Getty Images Investors at JetBlue Ventures, Mighty Capital, and other VC firms shared their favorite podcasts. They include "All-In" with Chamath Palihapitiya and "The Future of Everything" by the WSJ. Another recommendation is "Origins" by partners at the biotech VC firm Notation Capital. Global venture-capital funding in 2022 may have dipped 35% from 2021, according to a report by analytics company CB Insights, but VCs are still eager to make deals . It\'s a tough market right now, though, and investors need reliable insights, news, and information to spot opportunities and avoid making the wrong moves. Podcasts can help. Here are 11 great options, recommended by VCs,\xa0 founders, CEOs, and other industry insiders. 1. \'The Full Ratchet\' with Nick Moran Steve Taub, the managing director of investments at JetBlue Ventures , JetBlue Airways\' VC firm that\'s invested in startups like Joby and Flyr Labs , said he likes " The Full Ratchet " because it "demystifies" the VC world. The podcast\'s host, Nick Moran — the founder and general partner of New Stack Ventures — has interviewed VCs and startup founders like Mark Suster , Eric Paley , and Joanne Wilson on how they build great companies. "Moran often has interesting guest interviews, and I like the short \'investor stories\' about lessons learned and unusual situations," Taub said. "I like that they\'re brief so I can listen to them when I don\'t have time for a full interview." 2. \'Catalyst\' with Shayle Kann Taub is also a fan of " Catalyst ," which interviews investors, researchers, and executives knowledgeable about the world of climate tech. While this isn\'t a strictly VC-focused podcast, the host, Shayle Kann, is a partner at Energy Impact Partners and leads EIP\'s investments at the frontier of climate tech, so the show covers timely topics in the climate-tech space. Taub told Insider he listens to "Catalyst" because the threat of climate change — and humanity\'s response to it — is among the defining issues of the 21st century. "It will shape almost every aspect of our society and economy, so it\'s creating enormous opportunities for innovation and entrepreneurs," Taub said. "I think Kann does a great job of finding people with interesting ideas in the space, and he teases out the real challenges they need to overcome to be successful, so it\'s not just cheerleading." Story continues 3. \'The Twenty Minute VC\' with Harry Stebbings Andrew Gershfeld , a partner at the Boston-based investment fund Flint Capital — whose investments include the unicorns Socure (valued at $4.5 billion) and WalkMe (valued at $2.5 billion at IPO) — is a fan of " The Twenty Minute VC " podcast. "Permanent lack of time in an investor\'s life makes you very picky when it comes to podcasts," he told Insider. "I find the \'20VC\' podcast very useful and insightful. Listening to how other VCs speak about themselves and how entrepreneurs describe the VCs they work with helped me understand how to differentiate our firm from the crowd." Gershfeld said the host, Harry Stebbings, asks high fliers from successful VC firms — including Will Quist, a partner at Slow Ventures , and Kyle Harrison , a general partner at Contrary — how they forged investment scenarios to achieve big goals and what\'s impacted their leadership approach. "The main thing about the VC world is building relationships, and Harry is an example of a great networker," Gershfeld said. "He\'s a self-made VC professional who turned from a VC fan in his teens into a full-fledged investor who manages over $140 million ." 4. \'All-In\' with Chamath Palihapitiya, Jason Calacanis, David Sacks, and David Friedberg Gershfeld loves the podcast " All-In " because so few podcasts cover "all major things of the week" — from economics and technology to politics and social agendas. He said the four hosts possess "unmatched experience" and knowledge about technology and the VC market. "Chamath Palihapitiya appears to be one of the few investors who has gone from VC into hedge-fund management," Gershfeld said. "Jason Calacanis has more than two decades in tech. David Sacks has over 20 unicorns in his portfolio, including Airbnb, Facebook, SpaceX, Twitter, and Uber. And David Friedberg of Climate Corporation, one of the first 1,000 employees at Google, helped run Google\'s AdWords and worked with Larry Page, Google\'s cofounder." Gershfeld favorite segments include " Reflecting on the first 100 shows ," and " Softbank\'s $21B+ Vision Fund loss ." 5. \' The Future of Everything \' by The Wall Street Journal The WSJ\'s\xa0" The Future of Everything " podcast is the top pick of Ryan Nelson, a partner at the early-stage venture studio and VC fund Jobi and the cofounder of Jobi Brands, which has helped build celebrity brands like Courteney Cox\'s home-care brand Homecourt and Kate Hudson\'s wellness brand Inbloom . "I love this podcast for being very far-forward-looking and covering potential changes in technology that could dramatically alter our world," Nelson said. "Personally, I\'m interested in how our lives and societal trends will evolve and be shaped by new inventions — or new applications of older technologies. "I think it\'s worthwhile to understand what types of opportunities to be on the lookout for in the near to medium term that are in line with these longer-term movements. By the time things are very obvious and in the mainstream, it can be too late to capitalize fully on the opportunity provided." 6. \' Venture Unlocked \' with Samir Kaji Jenny He — the founder and general partner of Position Ventures ,\xa0an early-stage venture fund backed by Bain Capital\xa0Ventures and Tiger Global that\'s invested in Fractal , Anrok , and WorkWhile — said the Allocate CEO and founder Samir Kaji\'s\xa0" Venture Unlocked "\xa0podcast is "a must-listen for any emerging manager or anyone looking to get into venture capital." The podcast interviews fund managers from all walks of life to reveal their approach to venture, trends they\'re seeing in the market, and how they got started with their first fund, featuring interviews with established VCs as well as emerging managers on their first fund. One of He\'s favorite episodes is " Alex Ohanian on the new era of VC ." "\'Venture Unlocked\' gives listeners\xa0unique access into the world of starting and scaling a venture-capital firm — as well as a rare glimpse into the LP perspective, which few people know the ins and outs of,"\xa0He said. "As a first-time fund manager, it was valuable to hear from other\xa0fund managers on how they got started, as starting a fund is also a founder journey." 7. \' Capital Allocators \' with Ted Seides Ted Seides, an allocator and asset-management expert, hosts " Capital Allocators — Inside the Institutional Investment Industry ," which SC Moatti , the founding managing partner of the San Francisco-based VC firm Mighty Capital , a backer of Airbnb and Amplitude, said has "the most quality, in-depth discussions on how institutional investors select the VCs they invest in." "My favorite series of the show is their manager interviews, where an endowment will invite one of the venture funds they invested in — great nuggets on what makes VCs get excited about deals," Moatti added. 8. \' Masters of Scale \' with Reid Hoffman Chenxi Wang, the founder and general partner of the Silicon Valley-based venture fund Rain Capital and a former executive at Intel and Forrester, is a fan of the " Masters of Scale " podcast, where the LinkedIn cofounder Reid Hoffman proves unconventional theories about how businesses scale and interviews top CEOs. "As a general partner of a venture fund, I don\'t have a lot of time, but I can always learn something valuable from Reid\'s conversations with leaders who have scaled a massively successful business," Wang said. "In my opinion, building a successful startup is 30% about the idea and 70% about the ability to scale up the operation. Scaling a business is about building repeatable motions, establishing meaningful business metrics, and responding to evolving market conditions. The \'Masters of Scale\' podcast hits on those aspects really well, and I recommend all founders listen to this podcast and make it a regular resource." 9. \'What Is Money?\' with Robert Breedlove Nathan Montone, the cofounder and CEO of M31 Capital Management , a global\xa0investment firm focused exclusively on crypto assets and blockchain\xa0technology, and an early backer and advisor to Helium, lists " What Is Money? " with Robert Breedlove, a former hedge-fund manager and philosopher in the bitcoin space, as one of his favorite podcasts and the best starting point for anyone looking for a "first principles understanding" of monetary technologies. "\'What Is Money?\' takes deep philosophical dives into the importance of bitcoin through historical, political, technical, and spiritual lenses," Montone said. "BTC is the single-most important asset in the world, and that podcast gets to the heart of why that is." 10. \' Origins \' by Notation Jenny Rooke, the managing director of Genoa Ventures , a VC investing in early-stage companies like Intabio and InterVenn in the biology and tech sectors, said " Origin, " a podcast created by Alex Lines and Nick Chirls, partners at the VC firm Notation Capital , is "excellent" for providing the LP perspective. "The Notation Capital hosts ask LPs the questions that are on general partners\' minds, such as how LPs think about allocating to new and emerging managers, tips and guidance for communicating well with LPs, and the LP view on markets and trends that need to be reflected in a manager\'s evolving strategy in order to stay current and succeed," Rooke said. 11. \' Built to Sell Radio \' with John Warrillow " Built to Sell Radio " airs weekly and features an entrepreneur who\'s recently sold their business to share why they sold it, focusing on their mistakes
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-01-15
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $399,931,917,875
- Hash Rate: 280250606.7848099
- Transaction Count: 252086.0
- Unique Addresses: 605147.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.52
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: NEW YORK, NY / ACCESSWIRE / December 21, 2022 / The OLB Group, Inc., (NASDAQ:OLB), a diversified Fintech eCommerce merchant services provider and Bitcoin mining enterprise, announced today that senior management, including the OLB's Chairman & CEO, Ronny Yakov and Patrick Smith, Vice President of Finance, collectively purchased 114,143 shares of OLB between since December 1, 2022 in open-market transactions and each currently has plans to continue to add to their positions periodically. In addition, as of December 20, 2022, the Company has purchased 116,272shares under the Company's previously announced stock buyback program to reduce its shares outstanding count by 1,000,000 shares. Ronny Yakov, CEO of OLB, said, "As we previously announced, our Board of Directors has authorized a stock buyback to buy our common stock from time to time as market conditions warrant to reduce our shares outstanding at historically low valuations. Considering OLB's current market cap is only about $13 million with our Year over Year revenue growth approaching 100% to a revenue projection of over $31 million for 2022, Patrick and I have decided to purchase shares personally when permitted as we believe the trading price does not reflect the value of the shares." Future OLB Press Releases and Updates Interested investors or shareholders can be notified of future Press releases and Industry Updates by email: [email protected] About The OLB Group, Inc. The OLB Group, Inc. is a diversified Fintech eCommerce merchant services provider and Bitcoin crypto mining enterprise. The Company's eCommerce platform delivers cloud-based merchant services for a comprehensive digital commerce solution to over 10,500 merchants in all 50 states. DMint, a wholly owned subsidiary of OLB Group, is engaged in the mining of Bitcoin utilizing sustainable natural gas with an initial deployment of efficient 1,000 ASIC-based S19j Pro 96T mining computers. Story continues For more information about The OLB Group, please visit https://www.olb.com and http://investors.olb.com Safe Harbor Statement All statements from The OLB Group, Inc. in this news release that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but are not limited to, statements concerning the impact of COVID-19 on our operations and financial condition, our ability to implement our proprietary merchant boarding and CRM system and to roll out our Omni Commerce and SecurePay applications, including payment methods, to our current merchants and the integration of our secure payment gateway with our crowdfunding platform, our ability to successfully launch a cryptocurrency mining operation and our ability to earn revenue from the new operations. While the Company's management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of our control, that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include statements regarding the expected revenue and income for operations to be generated by The OLB Group, Inc. For other factors that may cause our actual results to differ from those that are expected, see the information under the caption "Risk Factors" in the Company's most recent Form 10-K and 10-Q filings, and amendments thereto, as well as other public filings with the SEC since such date. The Company operates in a rapidly changing and competitive environment, and new risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. The Company disclaims any intention to, and undertakes no obligation to, update or revise any forward-looking statement. Contact: OLB Group Investor Relations Rick Lutz [email protected] (212) 278-0900 Ext. 333 SOURCE: The OLB Group, Inc. View source version on accesswire.com: https://www.accesswire.com/732786/OLB-Group-Announces-Insider-Stock-Purchases-Totaling-114143-Shares-and-Corporate-Stock-Buyback-of-116172-Shares...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["Photo: Booking.com Good evening, savvy property investors and interested home-buyers. Have you ever dreamed of a move to Hollywood, but were put off by a million-dollar pricetag? Well have I got the deal for you. For sale is this four-bedroom, three-bathroom family home, located just minutes from the North Hollywood shopping centre, surrounded by \x93an array of shops, dining and entertainment options\x94. The property has been \x93recently updated\x94, with vaulted ceilings and a \x93kitchen [that] flows seamlessly into the living and dining areas with a wide and spacious open floor plan\x94. Read more Cancelled D&D Beyond Subscriptions Forced Hasbro's Hand Let\x92s Talk About All the 40-Something Male Celebrities Dating Women in Their 20s Right Now Vinland Saga Season 2\x92s Farming Arc Is Planting Seeds For A Phenomenal Payoff I Have Questions for People Who Live in Skyscrapers Russia Wants to Trade 36 Hijacked Satellites for Soyuz Rocket Normally a house like that, in a location like this, would sell for well over one million dollars, but this is no normal house. This is the CRYPTO HOUSE, and for very obvious reasons, nobody wants to buy it. Photo: Booking.com Originally listed in October 2022 for $1.2 million , a complete lack of interest in the property has seen its asking price plummet to just $949,000 in just a matter of weeks. It\x92s not just buyers who are shunning the house, either; it\x92s listed on AirBnB as well, with a vacancy rate of...100% . Whenever you want the place, it\x92s available, because nobody wants to stay there in the short term either. Here is how agents describe the house on property site Zillow : Incredible opportunity for first-time home buyers, developers, and/or investors. A contemporary 4 bedroom 3 bath home featuring a bonus structure, pool, and spacious outdoor area, perfect for entertaining and relaxing. Situated on a quiet street in a highly desirable pocket of North Hollywood, the home has been recently updated to compliment the large windows and skylights throughout. The primary bedroom features vaulted ceilings while the kitchen flows seamlessly into the living and dining areas with a wide and spacious open floor plan. The bonus structure / 4th bedroom can be converted into an ADU for supplemental income. Ideal family home or income property for savvy investors, this property is primed for the right buyer. Conveniently located near the North Hollywood shopping center, with an array of shops, dining and entertainment options. Story continues What they\x92re not mentioning is the fact the house is packed with crypto and NFT stuff splashed across almost every wall, from Bored Ape wallpaper to a bedroom covered in the Doge face. There is even, right next to the kitchen, a huge neon sign that lights up to display the words \x93Crypto House\x94. Photo: Booking.com There is also a room with prints of tweets all over the walls, and another themed entirely around Bitcoin logos. Oh, and a fireplace that is...metallic purple? This video by devlytle does a great job of taking us room-by-room: tiktok-7187131994214501674 A quick look at the property\x92s sales history shows that it sold in 2016 for $520,000, then in September 2021\x97presumably to the current owners, who have been renting it out as a \x93content space\x94\x97for $960,000, which was weirdly way over the $885,000 asking price from just a month earlier. Photo: Zillow Absolutely not. More from Kotaku Where Have We Seen This Britney Spears Coverage Before? Did Robert Griffin III subtweet Michael Vick? Critics Choice Awards 2023: Here's a look at this year's red carpet arrivals Snowpiercer's Final Season Won't Air on TNT, Because Of Course Not Carvana Lays Off More Employees and Cuts Hours Even Though It's Definitely for Sure Not Going Out of Business Sign up for Kotaku's Newsletter. For the latest news, Facebook , Twitter and Instagram . Click here to read the full article.", "Photo: Booking.com Good evening, savvy property investors and interested home-buyers. Have you ever dreamed of a move to Hollywood, but were put off by a million-dollar pricetag? Well have I got the deal for you. For sale is this four-bedroom, three-bathroom family home, located just minutes from the North Hollywood shopping centre, surrounded by \x93an array of shops, dining and entertainment options\x94. The property has been \x93recently updated\x94, with vaulted ceilings and a \x93kitchen [that] flows seamlessly into the living and dining areas with a wide and spacious open floor plan\x94. Read more Cancelled D&D Beyond Subscriptions Forced Hasbro's Hand Let\x92s Talk About All the 40-Something Male Celebrities Dating Women in Their 20s Right Now Vinland Saga Season 2\x92s Farming Arc Is Planting Seeds For A Phenomenal Payoff I Have Questions for People Who Live in Skyscrapers Russia Wants to Trade 36 Hijacked Satellites for Soyuz Rocket Normally a house like that, in a location like this, would sell for well over one million dollars, but this is no normal house. This is the CRYPTO HOUSE, and for very obvious reasons, nobody wants to buy it. Photo: Booking.com Originally listed in October 2022 for $1.2 million , a complete lack of interest in the property has seen its asking price plummet to just $949,000 in just a matter of weeks. It\x92s not just buyers who are shunning the house, either; it\x92s listed on AirBnB as well, with a vacancy rate of...100% . Whenever you want the place, it\x92s available, because nobody wants to stay there in the short term either. Here is how agents describe the house on property site Zillow : Incredible opportunity for first-time home buyers, developers, and/or investors. A contemporary 4 bedroom 3 bath home featuring a bonus structure, pool, and spacious outdoor area, perfect for entertaining and relaxing. Situated on a quiet street in a highly desirable pocket of North Hollywood, the home has been recently updated to compliment the large windows and skylights throughout. The primary bedroom features vaulted ceilings while the kitchen flows seamlessly into the living and dining areas with a wide and spacious open floor plan. The bonus structure / 4th bedroom can be converted into an ADU for supplemental income. Ideal family home or income property for savvy investors, this property is primed for the right buyer. Conveniently located near the North Hollywood shopping center, with an array of shops, dining and entertainment options. Story continues What they\x92re not mentioning is the fact the house is packed with crypto and NFT stuff splashed across almost every wall, from Bored Ape wallpaper to a bedroom covered in the Doge face. There is even, right next to the kitchen, a huge neon sign that lights up to display the words \x93Crypto House\x94. Photo: Booking.com There is also a room with prints of tweets all over the walls, and another themed entirely around Bitcoin logos. Oh, and a fireplace that is...metallic purple? This video by devlytle does a great job of taking us room-by-room: tiktok-7187131994214501674 A quick look at the property\x92s sales history shows that it sold in 2016 for $520,000, then in September 2021\x97presumably to the current owners, who have been renting it out as a \x93content space\x94\x97for $960,000, which was weirdly way over the $885,000 asking price from just a month earlier. Photo: Zillow Absolutely not. More from Kotaku Where Have We Seen This Britney Spears Coverage Before? Did Robert Griffin III subtweet Michael Vick? Critics Choice Awards 2023: Here's a look at this year's red carpet arrivals Snowpiercer's Final Season Won't Air on TNT, Because Of Course Not Carvana Lays Off More Employees and Cuts Hours Even Though It's Definitely for Sure Not Going Out of Business Sign up for Kotaku's Newsletter. For the latest news, Facebook , Twitter and Instagram . Click here to read the full article.", 'Investors looking for cheap lithium stocks likely understand the immense growth potential the sector offers. The rapid growth in electric vehicles has spurred rapid growth in demand for lithium, a chemical element that is a key component in EV batteries. In short, there is no EV revolution without lithium. With demand significantly outpacing supply , lithium prices have soared over the past few years. Although it\x92s possible prices will contract this year, led by a slowdown in the Chinese market, analysts expect high demand will continue to support prices. \x93While some normalization of current high spot prices is possible, on the contract side, we believe that the market will remain tight in 2023, with insufficient supply coming on stream,\x94 Vulcan Energy Resources ( OTCMKTS: VULNF ) CEO and Managing Director Francis Wedin recently told S&P Global Commodity Insights . InvestorPlace - Stock Market News, Stock Advice & Trading Tips Perhaps one of the best-known lithium plays is Albemarle (NYSE: ALB ). Shares of the specialty chemicals company rocketed 584% from a March 2020 low below $50 to an all-time high of $334.55 in November. However, shares currently sit 28% below that high. This decline comes amid a pullback in lithium prices from their all-time highs and concerns about how a faltering economy may impact EV sales, especially in China, the world\x92s largest EV market. Yet, for investors who are willing to play the long game, there are a number of cheap lithium stocks to consider. Just keep in mind that the names below carry a good deal of risk, especially those that fall into the penny-stock category. But for those who are not afraid to speculate, the names below could deliver explosive gains. LITM Snow Lake Resources $2.51 TELHF Tearlach Resources $1.80 GNENF Ganfeng Lithium Group $8.05 PILBF Pilbara Minerals $2.80 LAC Lithium Americas $20.70 MALRF Mineral Resources $60.00 NRVTF Noram Lithium $0.46 Cheap Lithium Stocks: Snow Lake Resources (LITM) Graphic of Lithium scientific symbol (Li) in the shape of a big white gear with construction equipment and mountain around
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-01-16
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $403,126,218,150
- Hash Rate: 274688843.2470833
- Transaction Count: 302804.0
- Unique Addresses: 677371.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.45
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: PeopleImages / Getty Images/iStockphoto Investing is an ever-evolving process. Year in and year out, new investment themes come and go, with some having more staying power than others. In 2022, this pattern remained, with some passing investment fads making temporary headlines while others seem like they may, to some degree, change investing forever. Take a Look Back: 2022 Year in Review See: 5 Things You Must Do When Your Savings Reach $50,000 Unlike in some prior years, when changes like zero-commission investing seemed to open the doors to more investors, 2022 was the year where many investors got hurt. Many of the largest changes over the past 12 months fundamentally altered how investors in 2020 and 2021 made money and may, unfortunately, scare those investors out forever. Even if that’s the case, 2023 will no doubt bring a new slate of changes, hopefully some that are more beneficial to investors. With this in mind, here are some of the sea changes that the 2022 market brought to bear . Crypto Winter All the way up until Nov. 2021, cryptocurrency seemed almost unbelievably resilient. Although even the industry’s market cap leader Bitcoin was incredibly volatile — regularly shedding up to 50% of its value before bouncing back again — crypto in general seemed to always be able to disprove its naysayers. However, things may have changed on a more permanent basis in 2022. After that peak of above $67,000 in Nov. 2021, Bitcoin reversed course and began trending down, accelerating its decline in 2022. As of Dec. 2022, the crypto market has shown no signs that it’s going to recover this time. In fact, if anything, the news has only gotten worse, thanks to the nearly overnight collapse of cryptocurrency platform FTX. Some analysts fear this might only be the tip of the iceberg in terms of the duration of the so-called “crypto winter.” Cryptocurrency has always been a speculative asset, but according to some — it may carry more risk now than ever. Take Our Poll: Do You Think People Should Invest in Crypto? Story continues GameStop & Meme Stocks So-called “meme stocks” made quite a splash in 2021, posting unbelievable gains and making headlines around the world. Backed by hordes of online investors who banded together on Reddit’s financial message boards, one of the driving forces behind the movement was to “punish” hedge funds and short sellers who were betting against the stock. The combination of increased buying and the ensuing short squeeze moved up stocks like GameStop as much as 400% in a single week, and 1,625% in a single month. But 2022 hasn’t been as kind to the meme stock community. GameStop, for example, is down about 40% YTD as of Dec. 8, 2022, but that loss is closer to 70% from its 2021 high. With GameStop essentially going nowhere in 2022, and a recent documentary shedding light on who really got hurt during peak “meme stock mania,” many analysts question if this type of investing has changed forever. Even shares of former meme stock darling AMC Entertainment, which shot up 16% in early Dec. 2022, for example, remain down more than 70% YTD. 60/40 Portfolios The so-called “60/40” portfolio has long been considered the standard example of the balanced portfolio. With 60% in stocks and 40% in bonds, the belief was that this type of portfolio exposed investors to the upside of stocks while still protecting them with exposure to more conservative bonds. Historically, bonds have tended to rise when stocks were falling, and vice versa. Plus, a 40% allocation to bonds generally provides income and stability to help reduce the volatility of an all-stock portfolio. But in 2022, the reliability of this type of portfolio was blown out of the water. In a year in which both stocks and bonds declined precipitously, the “safe haven” aspects of the 60/40 portfolio dissolved. This could affect financial planning models for years to come, if not forever. The Metaverse Much like crypto and meme stocks, the metaverse was touted as the future of investing in big, splashy headlines in 2021. Reports of “land” sales in the virtual world reached eye-popping extremes, such as the $5 million transaction that took place in TCG World. But much like crypto and meme stocks, what skyrocketed in 2021 came crashing down to Earth in 2022. The average price of land in the metaverse fell from $16,300 in Feb. 2022 to $3,300 in June 2022, a fall of nearly 80%. Shares of Meta Platforms, the company formerly known as Facebook that changed its name — and its focus — to capitalize on growth in the metaverse, fell 66% on a YTD basis as of Dec. 7, 2022. While Meta Platforms may eventually recover from current low levels, for the time being, the metaverse itself seems dead in its tracks — and more speculative than ever. More From GOBankingRates Social Security: New Bill Could Give Seniors an Extra $2,400 a Year Get Top Holiday Shopping and Savings Tips 5 Things You Must Do When Your Savings Reach $50,000 10 Things to Do Now If Your Credit Score Is Under 700 This article originally appeared on GOBankingRates.com : How 2022 Changed Investing Forever...
- Reddit Posts (Sample): [['u/Zectro', 'English police are the worst in the world', 33, '2023-01-16 00:25', 'https://www.reddit.com/r/bsv/comments/10cyf91/english_police_are_the_worst_in_the_world/', 'About two years ago, some thieves broke into Craig\'s house, disabled 4 separate security systems he had in place, planted a wi-fi pineapple, and stole the private keys to billions of dollars worth of Bitcoin from Craig. Despite the apparent competence involved in getting the private keys from Craig in the first place, it\'s been two years and the stupid assholes still haven\'t bothered to move the stolen coins to an address they exclusively control: this is literally Bitcoin Thief 101, so we can safely conclude they\'re incompetent.\n\nCraig reported this event to the police many years ago, and despite the obvious incompetence of the thieves, and despite this event being the biggest heist in British history, there\'s been no progress in the case, no news coverage about the heist, no indication that the police have taken seriously the tremendous wrong that has been dealt to a British resident. \n\nIn fact, due to the ineffectiveness of the police, Craig\'s been forced into an insane Hail Mary lawsuit against a random hodgepodge of devs, retired devs, and Bitcoin influencers. Appropriately this case, dubbed the "Pineapple Suit" was laughed out of court, and Craig has since been stuck with his dick in his hands, just hoping against hope that an appeal conducted by the dipshit lawyers at ONTIER succeeds and he can lose this case at trial rather than pre-trial. \n\nThis case study in impotence has all been precipitated by the police\'s failure to act appropriately when a UK resident gets robbed of billions of dollars. Compare with similar cases in the US where the FBI was able to seize misbegotten private keys from criminals directly, e.g. the Bitfinex hack.', 'https://www.reddit.com/r/bsv/comments/10cyf91/english_police_are_the_worst_in_the_world/', '10cyf91', [['u/Psalamist', 13, '2023-01-16 00:58', 'https://www.reddit.com/r/bsv/comments/10cyf91/english_police_are_the_worst_in_the_world/j4imnvz/', 'I would add that when Craig realised his security was compromised (and remember, we\'re talking about one of the world\'s leading computer security experts here), rather than move the coins to new wallets before the thieves could, he destroyed his own copies of the private keys. \n\nWhy, you might reasonably ask, and to be honest I\'m not entirely clear on that myself. \n\nPerhaps, even with billions of "his own" money on the line, this profoundly principled man still refused to move the coins without a court order!', '10cyf91'], ['u/darkwingduckscousin', 12, '2023-01-16 01:34', 'https://www.reddit.com/r/bsv/comments/10cyf91/english_police_are_the_worst_in_the_world/j4irwsc/', "The security company, ADT, that the hacker also managed to break into and cause a power outage so there was no evidence of a crime, and who also tweeted that they weren't compromised in any way that day are of course lying. This is obviously a cover up against the most clever, brilliant mind in the fields of maths, astronomy, astrology, physics, philosophy, language (human, computer and extra terrestrial), physics, astrophysics, biology, astrobiology, chemistry, astrochemistry, interplanetary gravitational forces, sociology and history (modern, classic and intergalactic). World class chef known for his Michelin level boiled eggs too.\nPlease help him, he promises to donate it all to Rwanda. \n\nYou are literally worse than a paedophile if you don't believe him.", '10cyf91']]], ['u/anonymouscitizen2', 'Crypto hasn’t Even Had It’s Dot Com Bubble Moment', 23, '2023-01-16 01:25', 'https://www.reddit.com/r/CryptoCurrency/comments/10czuh3/crypto_hasnt_even_had_its_dot_com_bubble_moment/', 'From 1995-2000 over 5 Trillion dollars was invested into internet/tech stocks, in what is now today known as the Dot Com Bubble. \n\nThere were multi billion dollar acquisitions of two year old companies by the most established companies on Wall St. Famously Time Warner and AOL had a 182 Billion dollar merger which was one of the greatest disasters when dial up was obsoleted two years later. Time Warner at the time was one of the best companies on Wall St at the time. \n\nRemember these are all 2000’s dollars, a dollar in 2000 is ~1.72$ today. Cryptos market cap peaked at 3 Trillion last bull run and crypto is global. \n\nCrypto may not ever have a full fledged dot com moment but it certainly has not happened yet. Companies are just starting to dip their toes into crypto, Bitcoin just turned 14 years old, Ethereum is 8 years old. \n\nThe technology is still incredibly new and it’s use cases/potential is still mostly unknown to most industries. Don’t let anyone convince you that it’s too late.', 'https://www.reddit.com/r/CryptoCurrency/comments/10czuh3/crypto_hasnt_even_had_its_dot_com_bubble_moment/', '10czuh3', [['u/Harold838383', 14, '2023-01-16 01:33', 'https://www.reddit.com/r/CryptoCurrency/comments/10czuh3/crypto_hasnt_even_had_its_dot_com_bubble_moment/j4irqwy/', 'New asset phases like the dot com bubble and the tulip mania phase normally take 16 years (since inception) before the bubble bursts. That would make the next bull the final bull run before the bubble truly bursts and only the strongest projects survive', '10czuh3']]], ['u/smokingumbrellas4', 'Kilos exchange is scamming now, be careful', 50, '2023-01-16 01:32', 'https://www.reddit.com/r/onions/comments/10d013z/kilos_exchange_is_scamming_now_be_careful/', 'There was a couple of posts 10 days ago but making another one today for more visibility. I just tried to exchange $40~ of BTC into monero. My electrum wallet says the transaction has enough confirmations, website says “swap finished”, balance in my featherwallet is still 0. Fuck Kilos.', 'https://www.reddit.com/r/onions/comments/10d013z/kilos_exchange_is_scamming_now_be_careful/', '10d013z', [['u/Slight-Winner-8597', 19, '2023-01-16 04:26', 'https://www.reddit.com/r/onions/comments/10d013z/kilos_exchange_is_scamming_now_be_careful/j4jfq6s/', "Best imo to just stay away until this shit cools down. \n\nYou don't want to attempt logging in to a honeypot. I've fucked all dnms off until it simmers down entirely", '10d013z'], ['u/Grand-Notice1854', 10, '2023-01-16 04:59', 'https://www.reddit.com/r/onions/comments/10d013z/kilos_exchange_is_scamming_now_be_careful/j4jk4ck/', "I mean, how long though? We were running smooth with silk, whm, dream, empire, etc.... now it's fucking crazy out there. I remember when I could enter dream (or empire idk it was a while back) just about everyday for maybe 2-3 months. No problems whatsoever, but I also understand that something this good never lasts that long. Generally, another type of network pops up when the end is near. And I honestly feel as though the end is near.", '10d013z']]], ['u/Hypno_Hamster', 'Will history repeat itself?', 14, '2023-01-16 01:33', 'https://www.reddit.com/r/CryptoCurrency/comments/10d01ri/will_history_repeat_itself/', "**If you look at the BTC chart on the weekly:**\n\n* *December 2017 BTC peaked at $19700 and bear market ensued afterward*\n* *December 2018 bear market had mostly ended and a slow recovery began*\n* *June 2019 it had recovered to $13900 in a mini bull run.*\n* *After that mini bull, there was a crash and mini bear market until around October 2020*\n* *Followed by 2021 which most of us here experienced. 2021 peaked in November*\n\nSO... if history repeats itself we are currently in the start of the mini bull run which will culminate between Mar-May.\n\nPersonally I'm looking for a 2/3 recovery of the last peak, followed by another crash.\n\nObviously this is just speculation on whether the pattern repeats and nothing more. A lot of things are different this time so its impossible to know.", 'https://www.reddit.com/r/CryptoCurrency/comments/10d01ri/will_history_repeat_itself/', '10d01ri', [['u/lordcolorado', 10, '2023-01-16 01:40', 'https://www.reddit.com/r/CryptoCurrency/comments/10d01ri/will_history_repeat_itself/j4isryn/', 'No one knows shit about fuck', '10d01ri'], ['u/Sithaun_Meefase', 27, '2023-01-16 02:09', 'https://www.reddit.com/r/CryptoCurrency/comments/10d01ri/will_history_repeat_itself/j4ix3a1/', 'I’ve been through a few crypto winters. What I have noticed is the mini bull run before the actual bull run is BIG money coming in slowly, when it’s least expected. this helps them avoid as much slippage as possible. Then, they let the rest of the market kinda FOMO in for a few months after the market corrects instead from the mini bull run the real bull run starts. \n\nI have also been through the start of the 2017 bull run where it just kinda slapped everyone in the face…. So. Best advice you’ll get here is DCA. it’s the best way to be in the crypto market. These 25%-50% gains used to make me excited. But once you come out of a bear market we’re here for a few thousand percent run ups. That’s when we know we’re in the bull market.', '10d01ri']]], ['u/AwkwardDilemmas', "Things are looking up. PLUS... I'm expecting a big bump Monday morning when markets reopen. (some technical financial analysis inside).", 24, '2023-01-16 01:54', 'https://www.reddit.com/r/hut8/comments/10d0ifa/things_are_looking_up_plus_im_expecting_a_big/', "I've been crunching numbers.\n\nEveryone's worried and complaining about HUT 8's fixation on dilution to pay for day to day expenses. I think this is a sound plan, and not a problem. Especially with our shared expectation that BTC will, one day, get back up to ATH and beyond.\n\nIn short, it's all about holdings and value increases at a MUCH faster rate than dilution.\n\n\\[CAUTION: BTC may not get back to ATH, and we are trusting HUT8 to take their fiduciary responsibility seriously, and not overinflate the share count.\\]\n\n​\n\nThe key is how fast equity increases compared to outstanding shares. And in short, in the past six months, both BTC count (up by ...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['When the pandemic first erupted in China, the government kept the nation under a tight zero-Covid policy, thus clouding the narrative for Chinese stocks to buy. However, late last year, Beijing said it would start reopening its economy, the world\x92s second largest. Then, at the start of last week, Reuters reported that a stream of travelers took advantage of the loosened restrictions. \x93After three years, mainland China opened sea and land crossings with Hong Kong and ended a requirement for incoming travelers to quarantine, dismantling a final pillar of a zero-COVID policy that had shielded China\x92s 1.4 billion people from the virus but also cut them off from the rest of the world,\x94 stated Reuters . Moving forward, the end of restrictive policies should bode well for Chinese stocks to buy. To be sure, many fundamental challenges remain. As well, many Chinese stocks to buy already soared under the buy-the-rumor, sell-the-news concept. Still, with consumers there being largely dormant for so long, the resultant boon in spending may sustain for a while. InvestorPlace - Stock Market News, Stock Advice & Trading Tips BABA Alibaba $117.01 YUMC Yum China $60.21 ZNH China Southern Airlines $35.75 ZTO ZTO Express $28.68 TAL TAL Education $8.64 SIMO Silicon Motion $65.30 ATHM Autohome $35.87 Alibaba (BABA) baba value stocks Source: BigTunaOnline / Shutterstock.com As the flagship corporation of China, Alibaba (NYSE: BABA ) deserves special consideration among Chinese stocks to buy. With the underlying economy finally reopening, consumers will likely enjoy greater income predictability. Because the government lifted a major variable, spending across all platforms \x96 including e-commerce \x96 may rise. Ultimately, this should bode well for BABA stock. Indeed, while BABA slipped 11% in the trailing year, on a year-to-date basis, shares stormed higher by more than 27%. Moreover, Wall Street analysts rate Alibaba as a unanimous strong buy . And that\x92s out of 16 analysts, not this two or three analysts business. Further, their average price target stands at $138.53, implying potential upside of more than 18%.\xa0On the financials, Alibaba enjoys a decently stable balance sheet. Its cash-to-debt ratio pings at 3 times, ranked better than over 79% of the competition. Objectively as well, BABA rates as undervalued, with the market pricing shares at 12.3-times forward earnings. In contrast, the sector median is 15 times. Story continues Yum China (YUMC) YUM stock: the yum logo on the side of a building Source: JHVEPhoto / Shutterstock.com Stressful events tend to spark emotional eating . And few events collectively imposed stress quite like Covid-19. Therefore, Yum China (NYSE: YUMC ) \x96 which features many popular fast-food brands \x96 should perform very well. To be honest, it\x92s an obvious idea among Chinese stocks to buy based on the underlying country\x92s reopening. In the trailing year, YUMC gained more than 29%. That\x92s simply a staggering figure when you consider 2022\x92s global context. Of course, most of these gains came late. In the trailing half-year period, shares swung higher by more than 31%. And in the young year so far, YUMC moved up nearly 7%.\xa0Primarily, hedge funds love Yum China, with TipRanks noting that sentiment among these institutional investors rate as very positive. Also, YUMC enjoys some decent underlying financial strengths. For instance, the company\x92s cash-to-debt ratio stands at 1.73 times, better than over 81% of its rivals. Also, it\x92s a very profitable business. China Southern Airlines (ZNH) a close-up shot of an airplane engine Source: frank_peters / Shutterstock.com One of the more intriguing ideas among Chinese stocks to buy is China Southern Airlines (NYSE: ZNH ). Per its public profile , China Southern represents one of the nation\x92s big three airliners. It\x92s also one of the largest in the world based on passengers carried. Of course, with China reopening, this potentially opens the floodgates for air travel.\xa0Apparently, market participants believe in the above thesis. In the trailing year, ZNH stock gained 15%, beating out many if not most U.S. carriers. Notably, shares gained almost 6% for the year. And in the trailing half-year period, ZNH gained over 22%, with traders anticipating the reopening announcement. To be fair, China Southern represents one of the riskiest names among Chinese stocks to buy based on objective financials. Currently, the company\x92s balance sheet is a mess. As well, long-term performance indicators for revenue and earnings ping deeply in red ink. Still, with investments like ZNH, prospective investors must extend some rope. Covid-19 hit the airliners cruelly hard. However, the bounce-back of the world\x92s second-largest economy should augur positively for China Southern. ZTO Express (ZTO) Concept of china stock market ticker, Chinese stocks up Source: pixfly / Shutterstock.com Headquartered in Shanghai, China, ZTO Express (NYSE: ZTO ) is one of the leading express delivery companies in China in terms of parcel volume, per its website . While the company carried packages during the zero-Covid-policy days, it could enjoy a significant rally with the restrictions gone.\xa0For instance, in the U.S., e-commerce as a percentage of total retail sales fell conspicuously after peaking in the second quarter of 2020. However, since Q1 of last year, this metric has been steadily rising. While China is obviously not the U.S., reduced restrictions may have a positive effect on consumer sentiment generally. Further, the market recently turned up for ZTO. While it lost 8% in the trailing year, shares gained 7.5% in the trailing month. As with Alibaba, ZTO features a unanimous strong buy consensus \x96 although with four analysts, to be fair.\xa0Finally, the company enjoys a strong balance sheet, particularly a cash-to-debt ratio of 1.45 times. This metric ranks better than over 74% of the industry. Thus, ZTO represents a worthy wager among Chinese stocks to buy. TAL Education (TAL) Image of a young girl raising her hand in front of a laptop. Source: MIA Studio / Shutterstock.com Although China\x92s reopening should augur well for Chinese stocks to buy tethered to commerce, it\x92s not the only sector that will likely enjoy benefits. Fundamentally, TAL Education (NYSE: TAL ) and its ilk should perform robustly throughout the new year. As an after-school education and tutoring, TAL already enjoyed significant relevancies. However, Covid-19 brought a new urgency to the academic arena. Back during the initial impact of the pandemic, Chinese authorities limited face-to-face teaching . However, if their experience is like ours, the sudden transition to remote learning protocols affected everyone, from teachers to parents to students. In other words, it\x92s very possible that China\x92s educational rigor took a hit. Fortunately, that\x92s where TAL can fill the opportunity gap. To be fair, TAL presents risks. Though it features a strong buy consensus view , analysts\x92 price target implies a share price drop of almost 34%. Still, TAL enjoys a solidly stable balance sheet. And based on its price-to-tangible-book ratio of 1.53, it\x92s undervalued . Thus, TAL could be one of the Chinese stocks to buy for speculators. Silicon Motion Technology (SIMO) Graphic of side view of virtual financial charts with tech aesthetic, symbolizing fintech Source: shutterstock.com/whiteMocca Silicon Motion Technology (NASDAQ: SIMO ) is an American-Taiwanese firm so it\x92s not \x93perfectly\x94 one of the Chinese stocks to buy. However, the NAND flash controller integrated circuits specialist does significant business with the China\x92s data center market via an acquisition. Fundamentally, then, with China\x92s reopening, it\x92s reasonable to expect greater tech activity, thus boosting SIMO stock. Now, on paper, SIMO represents one of the riskiest ideas. In the trailing year, shares fell 29%. Further, recent performances leave much to be desired. For example, for the year so far, SIMO gained just a bit under 2%.\xa0Nevertheless, if you give weight to analyst ratings, SIMO deserves a closer look. For one thing, Silicon Motion enjoys a strong buy consensus view . If that\x92s not enough, their average price target stands at a lofty $88.25, implying potential upside of 35%. Finally, Silicon Motion benefits from strong overall financials . To boot, the market prices SIMO at 10-times forward earnings, well below the sector median of 18.4 times. Autohome (ATHM) An angled side view of a row of parked cars. Source: lumen-digital / Shutterstock.com Based on broader fundamentals, Autohome (NYSE: ATHM ) might seem unusually risky. If you\x92re looking for a higher-probability wager among Chinese stocks to buy, you may want to consider the top names. According to its corporate profile , Autohome is the leading online destination for automobile consumers in China. However, with global recession fears dominating the news cycle last year, fewer people wish to buy a car. Still, the decision isn\x92t up to the consumer. Instead, it\x92s up to the vehicle. For instance, in the U.S., the average age of vehicles on roadways hit a record 12.2 years . Once cars break down, it\x92s many times best to replace them rather than repair money pits. Again, China isn\x92t the U.S., I get that. However, the same principle might apply, thus possibly making ATHM one of the Chinese stocks to buy. Further, analysts like Autohome, rating the underlying investment as a consensus moderate buy . As well, the company offers surprisingly strong financials. Most notably, Autohome features no debt, thus benefitting from flexibility during these difficult times. On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publ
**Last 60 Days of Bitcoin's Closing Prices:**
[]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-01-17
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $410,247,642,625
- Hash Rate: 291506527.527517
- Transaction Count: 308715.0
- Unique Addresses: 680259.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.51
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Grayscale Investments is exploring options to return a portion of capital of its flagship Grayscale Bitcoin (GBTC) product if the Securities and Exchange Commission (SEC) refuses to approve its spot bitcoin exchange-traded fund (ETF), the firm said in an investor letter . One option is to offer tender for up to 20% of outstanding GBTC shares, which are currently trading at a 49% discount to net asset value (NAV), the letter said. Grayscale has been knocked back multiple times in its mission to convert its bitcoin trust into an ETF, with the SEC citing a lack of regulatory oversight in a brief earlier this month. The letter by Grayscale Chief Executive Michael Sonnenshein attempted to ease concerns among shareholders after a turbulent month across the crypto industry following the collapse of FTX, one of the largest exchanges. Grayscale is owned by the Digital Currency Group and is a sister company of CoinDesk. Grayscale did not immediately respond to request for comment. In June, Grayscale sued the SEC hours after the U.S. regulator rejected its ETF application, with the company saying that it "vehemently disagreed" with the SEC's decision. At least in the short term, the Grayscale announcement appears to be having its desired effect, with shares in GBTC up 4.1% early Monday morning while the price of bitcoin is about flat from Friday's close. UPDATE (Dec. 19, 13:50 UTC): Adds link to Grayscale's letter, corrects the line on the second paragraph to say "up to" 20% of outstanding shares....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
| |
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["Photo Illustration by Luis G. Rendon/The Daily Beast/Getty In the summer of 2021, conservatives aggrieved over Big Tech censorship saw a new smartphone as their savior. Dubbed the “ Freedom Phone ,” the $500 device was the creation of Bitcoin mogul Erik Finman , who promised customers a phone loaded with conservative apps and free from liberal Silicon Valley influence. Conservative influencers encouraged their fans to buy the phone, receiving a sizable cut of each sale for themselves. Even after The Daily Beast and other media outlets revealed that the Freedom Phone was just a cheap Chinese-made phone sold at a hefty markup, it was a hit, quickly selling roughly $4 million worth, according to court records. “I’m holding a freaking phone that is not controlled by Apple or Google,” conservative personality Candace Owens said in an Instagram video. “We made the switch immediately.” Two years later, though, Freedom Phone’s business is falling apart amid customer complaints. In a bitter, previously unreported legal battle that began in April 2022, the men behind Freedom Phone’s backers have accused one another of blowing their windfall profits—in one case, in a $10,000 shopping spree for video games. Finman has even sued to keep his face and name from ever being associated with Freedom Phone in the future. True Crime Fans Livid Their Fave Podcast Hosts Are MAGA Loyalists In Freedom Phone’s first days, it seemed like Finman, the self-proclaimed “youngest Bitcoin millionaire,” might have the tech and marketing prowess to pull off the creation of an entirely new smartphone. His promotional video for the phone quickly went viral on the right in July 2021, with Finman promising a phone loaded with apps for conservative outlets like Newsmax and One America News. “Imagine if Mark Zuckerberg censored MLK or Abraham Lincoln,” Finman said in the promotional video. The video was a hit, but Freedom Phone’s promotional materials were curiously devoid of technical details. In reality, it was a rebranding of a Chinese phone that was available online for $120—substantially less than the Freedom Phone’s $500 price tag. Story continues Still, buoyed by endorsements from conservative influencers like Owens, former Donald Trump adviser Roger Stone, and Twitter pundit Ian Miles Cheong, Freedom Phone orders flooded in. Finman quickly sold at least 8,000 units, according to court records, raising somewhere between $3.5 and $4 million. But payment processors handling the orders refused to hand the money over to Finman, apparently concerned that the phone was a scam. With millions of dollars held in limbo and angry customers waiting for their phones, Finman cut a deal with ClearCellular, a Utah-based company that had made its own phone before. Finman sold the Freedom Phone branding and its parent company, Finman LLC, to ClearCellular. While the sales contract has been sealed in the ensuing court battle, it included a $300,000 one-time payment to Finman, an annual $240,000 salary for the Freedom Phone founder as its chief marketing officer, and a $75 payment for each phone sold, according to court filings. Finman and ClearCelullar founder Michael Proper had met a year earlier, at a presidential fundraiser for failed candidate and former child star Brock Pierce . In a September 2021 interview with The New York Times , Finman compared himself to basketball legend Michael Jordan and Proper to Nike founder Phil Knight. Together, Finman said, they would create a cultural and business phenomenon on the scale of Nike’s Air Jordans. But while Michael Jordan has earned more than $1 billion since launching Air Jordan with Nike, Finman’s partnership with Proper soon proved to be less successful. In March 2022, Finman resigned from his chief marketing officer position. A month later, he sued Proper and ClearCellular over a host of claims, including defamation and unpaid wages. “Mr. Proper’s conduct was anything but proper,” Finman’s lawyers wrote in their complaint. Proper and an attorney representing Finman declined to comment. Owens didn’t respond to an email seeking comment. Testifying in court in August 2022 about the initial deal, Proper said he thought he was rescuing Finman from his failure to actually deliver the phones. In his retelling, Finman was a great marketer, but stood little chance of fulfilling the thousands of outstanding orders on his own. “They had a lot of negative reviews about people calling Erik’s bluff,” Proper said in court. “This guy did not create a phone. This guy does not understand the industry.” What Comes Next for the ‘Diamond and Silk’ Media Empire? Proper later claimed he was also concerned that influencers like Owens would be embarrassed if Finman failed to ship enough working phones. “We wanted to help Candace Owens not get hurt,” Proper said in court. In his testimony, Proper complained that Finman failed to deliver on a supposed promise to introduce Proper to Owens. The relationship between Finman and Proper quickly soured. In Finman’s telling, ClearCellular blew through deadlines, promising to mail the phones by September 2021 but not shipping them until February 2022. Some of the Freedom Phones didn’t work when they arrived, Finman claimed, with customers calling them “paperweights.” Aggravating tensions between the two men, a notice appeared on another website operated by Proper encouraging angry Freedom Phone customers to launch a class-action consumer fraud lawsuit against Finman. The two also clashed over the millions of dollars left in Freedom Phone’s accounts. Finman claims that he had to dip into his own finances to pay Freedom Phone MAGA influencer endorsers, and to fund some of the orders himself. ClearCellular took months to take control of the money, according to Finman, in what he interpreted as an effort to avoid taking over the responsibility of fulfilling the orders. When $400,000 of the money was unfrozen, Finman alleged in a lawsuit, Proper blew $10,000 in a “shopping spree” at Costco buying video games and other electronics. For his part, Proper alleged in court papers that Finman took $500,000 from Freedom Phone’s accounts. Asked at one point to hand over the accounts, according to Proper, Finman instead responded only with a spreadsheet he had made himself to explain where the money had gone. Catch Up on FEVER DREAMS, a New Daily Beast Podcast Tracking the Right’s Push to Retake Power “Ultimately, as we helped him, he ran off with the money,” Proper said in his August 2022 testimony, wondering aloud why Finman wasn’t facing criminal charges. Along with Owens, the ongoing court battle has touched on other conservative figures, including former Trump White House Steve Bannon. After leaving ClearCellular, Finman claims Bannon hired him to work on a cryptocurrency project. During cross-examination in August 2022, Proper’s lawyer asked Finman if that new job with Bannon proved that Finman’s reputation hadn’t been destroyed. Finman shot back that working with Bannon, who was then awaiting sentencing for what would become a four-month prison sentence for contempt of Congress, didn’t prove that his career had survived Freedom Phone. “I feel like my reputation is not necessarily proven to be superb if that is a business partner,” Finman said, noting that Bannon is “awaiting sentencing to go to prison.” Much of the legal fight so far has focused on whether ClearCellular, operating as Freedom Phone, has the right to use Finman’s viral video promoting the phone. While a judge eventually ruled that Proper could use the video, the company took it down anyway, costing what Proper claims amounted to thousands of dollars in monthly sales generated by the video. In court, Finman reflected on how Freedom Phone’s collapse hurt its customers, who had each spent $500 on the idea that the supposed tech wunderkind could give them a phone for conservatives free from the Silicon Valley giants. Instead, Finman said, the Freedom Phone debacle “soils” his reputation. “A lot of these are elderly customers,” Finman testified in August. “I mean, it’s horrible. It’s heartbreaking.” Read more at The Daily Beast. Got a tip? Send it to The Daily Beast here Get the Daily Beast's biggest scoops and scandals delivered right to your inbox. Sign up now. Stay informed and gain unlimited access to the Daily Beast's unmatched reporting. Subscribe now.", "Photo Illustration by Luis G. Rendon/The Daily Beast/Getty In the summer of 2021, conservatives aggrieved over Big Tech censorship saw a new smartphone as their savior. Dubbed the “ Freedom Phone ,” the $500 device was the creation of Bitcoin mogul Erik Finman , who promised customers a phone loaded with conservative apps and free from liberal Silicon Valley influence. Conservative influencers encouraged their fans to buy the phone, receiving a sizable cut of each sale for themselves. Even after The Daily Beast and other media outlets revealed that the Freedom Phone was just a cheap Chinese-made phone sold at a hefty markup, it was a hit, quickly selling roughly $4 million worth, according to court records. “I’m holding a freaking phone that is not controlled by Apple or Google,” conservative personality Candace Owens said in an Instagram video. “We made the switch immediately.” Two years later, though, Freedom Phone’s business is falling apart amid customer complaints. In a bitter, previously unreported legal battle that began in April 2022, the men behind Freedom Phone’s backers have accused one another of blowing their windfall profits—in one case, in a $10,000 shopping spree for video games. Finman has even sued to keep his face and name from ever being associated with Freedom Phone in the future. True Crime Fans Livid Their Fave Podcast Hosts Are MAGA Loyalists In Freedom Phone’s first days, it seemed like Finman, the self-proclaimed “youngest Bitcoin millionaire,” might have the tech and marketing prowess to pull off the creation of an entirely new smartphone. His promotional
**Last 60 Days of Bitcoin's Closing Prices:**
[]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-01-18
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $408,587,760,900
- Hash Rate: 261608422.1400793
- Transaction Count: 300045.0
- Unique Addresses: 681758.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.52
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Warner Music Group is continuing to forgemetaversealliances with startups, this time inking a deal with DressX—which creates digital fashion wearables both on and off the blockchain—announced on Thursday.
Through the partnership, Warner Music artists will be able to create and license digital wearables and merchandise for fans. The items will be 3D avatar wearables or augmented reality (AR) virtual clothing, and can be viewed on platforms including Instagram and Snapchat, according to a statement.
Warner’s vast trove of popular artists across its various sub-labels includes major stars like Lizzo, Madonna, Coldplay, Ed Sheeran, Dua Lipa, and the Red Hot Chili Peppers.
What remains unclear is to what extent crypto andNFTsmight come into play through this particular deal. However, the label framed it as another example of a Web3 partnership, so there may be as-yet-unannounced NFT components to come.
A form of offline payments is being developed for Bitcoin’s Lightning Network
WMG is also investing in DressX as a part of the agreement, although the amount was not disclosed. Oana Ruxandra, WMG’s Chief Digital Officer and EVP, Business Development, explained that the firm’s interest in DressX is due to a belief that life is only trending more digital.
“The representation of our future digital selves will be as important and, if you’re measuring by sheer volume of interactions, maybe more important than how we represent ourselves physically,” Ruxandra said in a statement.
DressX cofounders Daria Shapovalova and Natalia Modernova created the company in 2020 with the goal of “giving a meta-closet to every person in the world.” In July, DressX became the first digital-native brand tapped to release digital wearables inMeta’s Avatar Store, a move that didn’t sit well with some Web3 purists.
The DressX alliance caps off a string of Web3 deals for WMG in 2022. In January, WMG said it would host virtual concerts with its artists inThe Sandbox, an upcoming Ethereum-based metaverse game A month later, the record label announced a partnership with Web3 gaming companySplinterlandsto develop artist-themed blockchain games for fans.
More recently, WMG continued its bevy of Web3 partnerships by teaming up withNFT marketplace OpenSeato help artists bridge into the space, and made plans to release musicNFTs through the upcoming LGND platformon Polygon.
Despite the hype around digital fashion in Web3, which includes drops fromhistoric fashion housesandmyriad startups alike, NFT apparel has yet to drive significant mainstream interest at this early stage in the development of the metaverse.
However, there’s already precedent for the popularity of digital wearables in Web2 games. Roblox, the popular game creation suite and proto-metaverse platform popular with Gen Z players, recently said that more thanone billion digital fashion itemshave been sold through its platform so far in 2022....
- Reddit Posts (Sample): [['u/z0uNdz', 'Would you accept wages in BTC?', 39, '2023-01-18 00:48', 'https://www.reddit.com/r/CryptoCurrency/comments/10ero4v/would_you_accept_wages_in_btc/', 'Your wages from your job would no longer be in USD but BTC. So if you were to make $100k/yr now — instead you get paid say 5 BTC/yr.\n\nThis is fixed though, similarly to how it was in USD. So if the price of BTC dropped down to $10k, essentially you will now only be making $50k/yr and taking a huge pay cut. You don’t get paid the equivalent converted to USD. \n\nOn the flip side if BTC rose to just $50k you now are making $250k/yr.\n\nSo if we run with 5 BTC annually and you are paid bi-weekly (twice a month) you would be getting 0.1923 btc per pay period. \n\nThis is not taking taxes into account as that would still need to be withheld.\n\nWould ya?', 'https://www.reddit.com/r/CryptoCurrency/comments/10ero4v/would_you_accept_wages_in_btc/', '10ero4v', [['u/This_Red_Apple', 32, '2023-01-18 00:50', 'https://www.reddit.com/r/CryptoCurrency/comments/10ero4v/would_you_accept_wages_in_btc/j4sn36e/', "I would if I didn't live paycheck to paycheck lol", '10ero4v'], ['u/HydrogenWhisky', 10, '2023-01-18 01:02', 'https://www.reddit.com/r/CryptoCurrency/comments/10ero4v/would_you_accept_wages_in_btc/j4soryu/', 'Is the wider economy transacting in BTC? Can I go down to the servo and get petrol for 0.00009BTC per litre? Can I buy a couple of apples at Woolies for 0.00004BTC? Or do I have to convert to fiat first and buy everything in cash?\n\nIf the former, then there’s not much difference between getting paid $80k per year and 4BTC per year, so yes. If the latter, it’s essentially gambling with your weekly paycheque, and if I’m doing that then I want the flexibility of fiat so I can put it all on shitcoins.', '10ero4v'], ['u/Baecchus', 11, '2023-01-18 02:03', 'https://www.reddit.com/r/CryptoCurrency/comments/10ero4v/would_you_accept_wages_in_btc/j4sxktt/', "You'd just live paycheck to paycheck with the added stress of worrying about price volatility lmao.", '10ero4v']]], ['u/SaltAd2986', 'hbar btc decoupling', 11, '2023-01-18 01:52', 'https://www.reddit.com/r/Hedera/comments/10et80v/hbar_btc_decoupling/', 'Maybe arbitrary in response but - is there/will there be a way to tell when/if alt coins like hbar begin/are decoupled from btc in the future?\n\nWhat traits would we look for?', 'https://www.reddit.com/r/Hedera/comments/10et80v/hbar_btc_decoupling/', '10et80v', [['u/hanginglimbs', 13, '2023-01-18 02:27', 'https://www.reddit.com/r/Hedera/comments/10et80v/hbar_btc_decoupling/j4t10fy/', 'I looked, but all I see are lines, no shampoo', '10et80v']]], ['u/Asclepiusssss', 'Is this maybe a bit too much overkill?', 37, '2023-01-18 03:16', 'https://www.reddit.com/r/NatureofPredators/comments/10ev5ik/is_this_maybe_a_bit_too_much_overkill/', '​\n\nhttps://preview.redd.it/btcsokg9opca1.png?width=831&format=png&auto=webp&v=enabled&s=aa8c658725c02451602e995e7164d6b37e170dd7', 'https://www.reddit.com/r/NatureofPredators/comments/10ev5ik/is_this_maybe_a_bit_too_much_overkill/', '10ev5ik', [['u/Monarch357', 29, '2023-01-18 03:21', 'https://www.reddit.com/r/NatureofPredators/comments/10ev5ik/is_this_maybe_a_bit_too_much_overkill/j4t8pih/', 'Probably. As far as we know, neither the Arxur nor the Federation have armored ground vehicles, so high-caliber armor piercing rounds in a handheld weapon are unnecessary, as guided missiles are likely more than enough for landing craft. The underbarrel grenade launcher is a similar case; although it *could* serve an anti-personnel role with incendiary ordnance, that would just make it into a barrel-mounted war crime stick.', '10ev5ik'], ['u/Asclepiusssss', 19, '2023-01-18 03:30', 'https://www.reddit.com/r/NatureofPredators/comments/10ev5ik/is_this_maybe_a_bit_too_much_overkill/j4t9y2q/', "That's true. My rationale with this gun is that it was brought into UN service, made to negate the advantage sci-fi tech like personal shields and power armor. But there doesn't seem to be any confirmation that such things exist within fed. troops.... but never hurts to be prepared.", '10ev5ik'], ['u/flamedarkfire', 14, '2023-01-18 03:32', 'https://www.reddit.com/r/NatureofPredators/comments/10ev5ik/is_this_maybe_a_bit_too_much_overkill/j4ta6bi/', 'No kill like overkill', '10ev5ik'], ['u/Leather-Pound-6375', 11, '2023-01-18 03:53', 'https://www.reddit.com/r/NatureofPredators/comments/10ev5ik/is_this_maybe_a_bit_too_much_overkill/j4td84n/', 'From the all guardsman part: "we don\'t believe in such thing as overkill"', '10ev5ik']]], ['u/zamaron1', 'Lore In Chronological Order for New Lights and Veterans', 137, '2023-01-18 05:00', 'https://www.reddit.com/r/DestinyLore/comments/10exdud/lore_in_chronological_order_for_new_lights_and/', "Welcome, this is a lore project I spent a year putting together. Because I heard Bungie would vault much of Destiny 2's story, I made this to catalog it's major story beats for new players. It has links to playlists and documents tied to the story. It is structured so you can play the Campaigns and watch the videos intermixed with you're play. Thus it does not include campaign or Strike content you can already play in D1 or D2. It includes videos by many Destiny content creators as an unofficial community Collab, do not take the order I place things as canon or official, they're placement is merely structured in a way to make it easy for new players. I will keep updating this if I find new audio lore and with some of my own recordings of story events. My Youtube Channel (Guardian Of Light) is too small for me to monetize my videos, but I wouldn't even if I could as I do this as a resource for the community to use. So please enjoy, and be aware that if you go though this entire thing, it will take hours, hey it's not my fault Bungie added so much awesome story. Enjoy friends and share this as much as you can, I'd love for this to be a major tool of the community. :)\n\n​\n\n​\n\nComplete story to familiarize you with the basic lore.\n\n[https://www.youtube.com/watch?v=9mbDXvDNqTU]\n\nBooks of Sorrow (Hive Origin)\n\n[https://youtu.be/MC9jU0w3bkM](https://youtu.be/MC9jU0w3bkM)\n\nAres 1: Man's first contact with Traveler:\n\n[https://youtu.be/zTH060V6gos](https://youtu.be/zTH060V6gos)\n\nGolden Age and Collapse: (Best for veterans, heavy DLC spoilers and reveals. entries in other playlists.)\n\n[https://youtube.com/playlist?list=PL9\\_Vjw1rlOuKoIaitXdbLimmWehQTMXRn](https://youtube.com/playlist?list=PL9_Vjw1rlOuKoIaitXdbLimmWehQTMXRn)\n\nMarasenna (Awoken Origin):\n\n[https://youtu.be/IlZNX-g7LG0](https://youtu.be/IlZNX-g7LG0)\n\nOrigin of Mithraax: (Veteran recommend)\n\nhttps://youtube.com/playlist?list=PLE-NG5KBXALGzbAF9UODS-cooq_fS8ouo\n\nHistory of The Awoken and Uldren's journey into the Black Garden:\n\n[https://youtu.be/ZPiOVMKDkj0](https://youtu.be/ZPiOVMKDkj0)\n\nOrigin of the Dreaming City:\n\n[https://youtu.be/pdkXO39ec04](https://youtu.be/pdkXO39ec04)\n\nLiar Lorebook (Fall of The Iron Lords):\n\n[https://youtube.com/playlist?list=PL9\\_Vjw1rlOuIHuoA\\_6j\\_zqDrWyc9Y9FG-](https://youtube.com/playlist?list=PL9_Vjw1rlOuIHuoA_6j_zqDrWyc9Y9FG-)\n\n\nDrifter Origin:\n\n[https://youtube.com/playlist?list=PLE-NG5KBXALFCR14DdJQcDVYt2AqE49Oe](https://youtube.com/playlist?list=PLE-NG5KBXALFCR14DdJQcDVYt2AqE49Oe)\n\n​\n\nTale of Dredgen Yor:\n\n[https://youtu.be/UDUMXgiuYiU](https://youtu.be/UDUMXgiuYiU)\n\n​\n\nTale of Saint 14:\n\n[https://www.youtube.com/playlist?list=PL9\\_Vjw1rlOuLzHkeoMmnSJvXdfbyrG-B1](https://www.youtube.com/playlist?list=PL9_Vjw1rlOuLzHkeoMmnSJvXdfbyrG-B1)\n\n​\n\nIron Lords Fall:\n\n[https://youtube.com/playlist?list=PL9\\_Vjw1rlOuI2dR734NWUr-UfdMx-xhqO](https://youtube.com/playlist?list=PL9_Vjw1rlOuI2dR734NWUr-UfdMx-xhqO)\n\n​\n\nOsiris is banished From the City:\n\n[https://comics.bungie.net/en/1/fall-of-osiris](https://comics.bungie.net/en/1/fall-of-osiris)\n\n[https://comics.bungie.net/en/2/fall-of-osiris](https://comics.bungie.net/en/2/fall-of-osiris)\n\n​\n\nOsiris and his Followers after being exiled:\n\n[https://youtube.com/playlist?list=PL9\\_Vjw1rlOuISkyEtn5T4LiSpIRP1\\_Hd-](https://youtube.com/playlist?list=PL9_Vjw1rlOuISkyEtn5T4LiSpIRP1_Hd-)\n\n​\n\nReef Wars: During the Battle of Twilight Gap.\n\n[https://www.youtube.com/playlist?list=PL9\\_Vjw1rlOuKeyWzmjXn0kSGbrzCVidVH](https://www.youtube.com/playlist?list=PL9_Vjw1rlOuKeyWzmjXn0kSGbrzCVidVH)\n\n​\n\nBattle of Twilight Gap\n\n[https://youtu.be/i4p7HZmqTR8](https://youtu.be/i4p7HZmqTR8)\n\n​\n\nThe Great Disaster and Eris's Fireteam:\n\n[https://www.youtube.com/watch?v=WuMTMWnR5Bg](https://www.youtube.com/watch?v=WuMTMWnR5Bg)\n\n​\n\nD1 Guardian Handbook\n\n[https://www.youtube.com/playlist?list=PL9\\_Vjw1rlOuKueLKwAuBJhDf\\_clOicXMd](https://www.youtube.com/playlist?list=PL9_Vjw1rlOuKueLKwAuBJhDf_clOicXMd)\n\n​\n\nD1 Vendor Dialogue (WIP):\n\n[https://youtube.com/playlist?list=PL9\\_Vjw1rlOuIzotSM6CMZVfDBFkrRm1PL](https://youtube.com/playlist?list=PL9_Vjw1rlOuIzotSM6CMZVfDBFkrRm1PL)\n\n​\n\nD1 full Grimoire if you want to read it.\n\n[https://www.destinypedia.com/Grimoire](https://www.destinypedia.com/Grimoire)\n\nFor extra fun alongside Campaign, read mission Grimoire cards after each mission:\n\n[https://www.destinypedia.com/Grimoire:Activities](https://www.destinypedia.com/Grimoire:Activities)\n\n​\n\nInter mission dialogue for D1 players replaying:\n\n[https://www.youtube.com/playlist?list=PL9\\_Vjw1rlOuKA9OLRh62aHy2eRWZUwkYY](https://www.youtube.com/playlist?list=PL9_Vjw1rlOuKA9OLRh62aHy2eRWZUwkYY)\n\n​\n\nOrder for D1 (Origin of the Player)\n\n[https://www.reddit.com/r/DestinyTheGame/comments/54jxtl/every\\_destiny\\_mission\\_in\\_order\\_of\\_occurrence/](https://www.reddit.com/r/DestinyTheGame/comments/54jxtl/every_destiny_mission_in_o...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
| |
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['(Reuters) - Crypto outlet CoinDesk Inc is exploring a full or partial sale of its business and has hired investment bank Lazard Ltd to lead the process, the media company\'s chief executive said on Wednesday. The crypto industry is going through one of its worst phases, with prices of major tokens at two-year lows and a string of bankruptcy filings from top players. "My goal in hiring Lazard is to explore various options to attract growth capital to the CoinDesk business, which may include a partial or full sale," CEO Kevin Worth told Reuters in a statement. The development comes amid an industry turmoil, which began with the crash of stable coins TerraUSD and Luna early last year. More recently, top crypto exchange FTX filed for bankruptcy, while publicly traded Coinbase Global Inc laid off a fifth of its workforce after slashing over 1,000 jobs last year. New York-based CoinDesk launched in 2013 to track Bitcoin, but the platform has emerged as a key source of news and pricing benchmarks for the entire range of crypto currencies. The company is wholly owned by crypto-focused venture capital firm Digital Currency Group, which also has interest in Coinbase, according to its website. (Reporting by Yuvraj Malik in Bengaluru; Editing by Subhranshu Sahu)', '(Reuters) - Crypto outlet CoinDesk Inc is exploring a full or partial sale of its business and has hired investment bank Lazard Ltd to lead the process, the media company\'s chief executive said on Wednesday.\nThe crypto industry is going through one of its worst phases, with prices of major tokens at two-year lows and a string of bankruptcy filings from top players.\n"My goal in hiring Lazard is to explore various options to attract growth capital to the CoinDesk business, which may include a partial or full sale," CEO Kevin Worth told Reuters in a statement.\nThe development comes amid an industry turmoil, which began with the crash of stable coins TerraUSD and Luna early last year.\nMore recently, top crypto exchange FTX filed for bankruptcy, while publicly traded Coinbase Global Inc laid off a fifth of its workforce after slashing over 1,000 jobs last year.\nNew York-based CoinDesk launched in 2013 to track Bitcoin, but the platform has emerged as a key source of news and pricing benchmarks for the entire range of crypto currencies.\nThe company is wholly owned by crypto-focused venture capital firm Digital Currency Group, which also has interest in Coinbase, according to its website.\n(Reporting by Yuvraj Malik in Bengaluru; Editing by Subhranshu Sahu)', '(Reuters) - Crypto outlet CoinDesk Inc is exploring a full or partial sale of its business and has hired investment bank Lazard Ltd to lead the process, the media company\'s chief executive said on Wednesday.\nThe crypto industry is going through one of its worst phases, with prices of major tokens at two-year lows and a string of bankruptcy filings from top players.\n"My goal in hiring Lazard is to explore various options to attract growth capital to the CoinDesk business, which may include a partial or full sale," CEO Kevin Worth told Reuters in a statement.\nThe development comes amid an industry turmoil, which began with the crash of stable coins TerraUSD and Luna early last year.\nMore recently, top crypto exchange FTX filed for bankruptcy, while publicly traded Coinbase Global Inc laid off a fifth of its workforce after slashing over 1,000 jobs last year.\nNew York-based CoinDesk launched in 2013 to track Bitcoin, but the platform has emerged as a key source of news and pricing benchmarks for the entire range of crypto currencies.\nThe company is wholly owned by crypto-focused venture capital firm Digital Currency Group, which also has interest in Coinbase, according to its website.\n(Reporting by Yuvraj Malik in Bengaluru; Editing by Subhranshu Sahu)', '(Reuters) - Crypto outlet CoinDesk Inc is exploring a full or partial sale of its business and has hired investment bank Lazard Ltd to lead the process, the media company\'s chief executive said on Wednesday. The crypto industry is going through one of its worst phases, with prices of major tokens at two-year lows and a string of bankruptcy filings from top players. "My goal in hiring Lazard is to explore various options to attract growth capital to the CoinDesk business, which may include a partial or full sale," CEO Kevin Worth told Reuters in a statement. The development comes amid an industry turmoil, which began with the crash of stable coins TerraUSD and Luna early last year. More recently, top crypto exchange FTX filed for bankruptcy, while publicly traded Coinbase Global Inc laid off a fifth of its workforce after slashing over 1,000 jobs last year. New York-based CoinDesk launched in 2013 to track Bitcoin, but the platform has emerged as a key source of news and pricing benchmarks for the entire range of crypto currencies. The company is wholly owned by crypto-focused venture capital firm Digital Currency Group, which also has interest in Coinbase, according to its website. (Reporting by Yuvraj Malik in Bengaluru; Editing by Subhranshu Sahu)', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin and ether spend their Wednesday in the red.\nInsights:Embattled crypto exchange FTX and several venture capital firms hold a ton of illiquid tokens such as Serum (SRM).\nCoinDesk Market Index (CMI)\n1,004.63\n−4.3▼0.4%\nBitcoin (BTC)\n$20,868\n−64.2▼0.3%\nEthereum (ETH)\n$1,554\n+5.7▲0.4%\nS&P 500 daily close\n3,999.09\n+15.9▲0.4%\nGold\n$1,920\n+1.9▲0.1%\nTreasury Yield 10 Years\n3.51%\n▲0.1\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nThe Market Goes to the Doges\nBy Sam Reynolds\nBitcoin and ether are beginning the business day in Asia well into the red.\nThe world’s largest digital asset is down 2% on-day, while ether is down 3.2%.\nLayer-1 Solana, which began the year with asharp rallythanks to the success of Shiba Inu-themed Bonk,is down nearly 8.5% on-day.\nThere’s been some debate as to the driver of the rally. While the market is in a meme coin mood,there is a deeper debate about the brewing storm in Washingtonand what it means for risk assets like crypto.\n"In our view, crypto (and bitcoin in particular) has been somewhat misunderstood. It is not an inflation hedge, but more of a debasement hedge that protects holders from fiscal/monetary profligacy and policy error,” Jonah Van Bourg, Global Head of Trading at Cumberland, told CoinDesk in a note. “Any risk of US debt default is indeed a form of US Dollar debasement and/or policy error, and the increased demand we\'re seeing (expressed in higher crypto prices) is this use case bearing itself out.”\nGiles Coghlan, Chief Market Analyst at HYCM, told CoinDesk that the correlation between crypto and tech stocks continues, and that’s the factor to watch going forward.\n“Tech stocks have rallied on the assumption that U.S. inflation is retreating and that short-term interest rate market predictions of two Federal Reserve rate cuts this year are correct. We can see a similar recovery in the crypto markets,” he told CoinDesk, dismissing any connection between the debt ceiling debate and the crypto rally. “Ultimately, the crypto rally should continue as long as tech stocks stage their recovery. However, as all eyes turn to earnings season, things could change quickly.”\nStill, blockchain analytics firmSantiment wrote in a notethat rallies of DOGE and other dog-themed meme coins are a contrarian indicator of the market’s health. When these prices skyrocket it means the market has gotten too hot and hedonistic.\n"Every time that [the] price of DOGE starts rising rapidly, there\'s a market-wide crash following just moments later," the firm wrote.\n[{"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "+2.6%", "DACS Sector": "Currency"}]\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u221211.0%", "DACS Sector": "Entertainment"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22129.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22129.5%", "DACS Sector": "Smart Contract Platform"}]\nWhere Are FTX\'s Illiquid Holdings?\nBy Sam Reynolds\nA court filing has revealed some ofFTX’s largest liquid holdings, which are largely to be expected: solana, bitcoin, ether, aptos and dogecoin. These are widely held tokens that, for the most part, would be found on the balance sheet of any major exchange.\nBut what about the illiquid holdings? These aren’t exactly household names, but were tokens in the Sam Bankman-Fried-Alameda universe that failed to launch. A good portion of them can be found on the balance sheet of funds including Sino Global and Multicoin Capital. FTX invested in these funds, and their names often appear alongside FTX as co-investors.\nTake, for instance, Serum. InApril 2021, when Bankman-Fried and FTX were peaking, people couldn’t get enough of the Solana-based decentralized exchange (DEX), and the SRM tokentouched a record high of$13.74 during the bull market that extended into late 2021.\nNow, the SRM token lacks liquidity asBinance delistedsome of its most liquid trading pairs (it still allows BUSD-SRM trading) and the +2% depth on the remaining exchanges tops at just over $100,000. Because of this, any sizable position of SRM being unloaded couldn’t be absorbed by the market.\nThere’s also Oxygen, FIDA and JET, all of which are other pieces of the Solana trading infrastructure equation.\nAnd all three have the same problem: no liquidity. Oxygen hasless than $200,000 of trading volumeand +2% bid depths of less than $1000. JET hasdepth in the hundreds of dollarsand no listings on any major DEX or centralized exchange.\nAs CoinDesk reported previously, some of these tokens are locked up at FTX.Maps.meand Oxygenhave over 90% of their supply locked up at FTX.\nThere is one other place you can find these tokens: on the balance sheets of venture capital firms in which FTX has invested.\n
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-01-19
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $401,513,990,250
- Hash Rate: 270951580.07365364
- Transaction Count: 298919.0
- Unique Addresses: 684950.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.45
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin and Ether edged up slightly on Tuesday morning in Asia, along with nearly all other non-stablecoin top 10 cryptocurrencies. XRP led the gains with about 5.6%, followed by Cardano and Polygon.
See related article:Bitcoin hashrate drops nearly 40% as deadly U.S. storm unplugs miners
• Bitcoin rose 0.46% to US$16,919 in the 24 hours to 8 a.m. in Hong Kong, while Ether gained 0.66% to trade at US$1,227, according todata from CoinMarketCap.
• XRP was up 5.58% to change hands at US$0.3657, and gained 7.91% over the past seven days. If early, Ripple Labs Inc. Chief Executive OfficerBrad Garlinghouseexpects itsXRP lawsuitagainst the U.S. Securities and Exchange Commission to end early next year.
• Dogecoin fell to US$0.07576 after dropping 0.27% in the past 24 hours. The memecoin extended its losing streak since last week, when supporter Elon Musk announced that he will be stepping down as Twitter’s chief. Dogecoin traded at a low of US$0.07099 last week.
• Cardano traded up 2.32% to US$0.2653, while Polygon rose 2.32% to trade at US$0.8136.
• The Asian markets closed higher on Monday as China announced that it will reopen its borders and scrap inbound Covid quarantine rules from Jan. 8.
• The Shanghai Composite Index closed up 0.65%, and Japan’s Nikkei 225 also rose 0.65%. The U.S. and Hong Kong equities markets were closed on Monday for Christmas.
See related article:Sam Bankman-Fried, FTX misled investors, lent billions to Alameda, Caroline Ellison says...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['TORONTO, Jan. 19, 2023 (GLOBE NEWSWIRE) -- Purpose Investments Inc. (“Purpose”) is pleased to announce distributions for the month of January 2023 for its open-end exchange traded funds and closed-end funds (“the Funds”).\nThe ex-distribution date for all ETFs is January 26, 2023, with the exception of Purpose Bitcoin Yield ETF, Purpose Ether Yield ETF, Purpose High Interest Savings Fund and Purpose US Cash Fund, which have an ex-distribution date of January 27, 2023. The ex-distribution date for all closed-end funds is January 30, 2023.\n[{"Open-End Funds": "Purpose Core Dividend Fund - ETF Series", "TickerSymbol": "PDF", "Distributionpershare/unit": "$0.10501", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Enhanced Dividend Fund \\u2013 ETF Series", "TickerSymbol": "PDIV", "Distributionpershare/unit": "$0.06901", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Total Return Bond Fund - ETF Series", "TickerSymbol": "PBD", "Distributionpershare/unit": "$0.05201", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Real Estate Income Fund \\u2013 ETF Series", "TickerSymbol": "PHR", "Distributionpershare/unit": "$0.07201", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Monthly Income Fund - ETF Series", "TickerSymbol": "PIN", "Distributionpershare/unit": "$0.08301", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Premium Yield Fund \\u2013 ETF Series", "TickerSymbol": "PYF", "Distributionpershare/unit": "$0.08301", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Premium Yield Fund Non-Currency Hedged USD \\u2013 ETF Series", "TickerSymbol": "PYF.U", "Distributionpershare/unit": "US $ 0.08851", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Premium Yield Fund Non-Currency Hedged \\u2013 ETF Series", "TickerSymbol": "PYF.B", "Distributionpershare/unit": "$0.08851", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Canadian Financial Income Fund \\u2013 ETF Series", "TickerSymbol": "BNC", "Distributionpershare/unit": "$0.10251", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Conservative Income Fund \\u2013 ETF Series", "TickerSymbol": "PRP", "Distributionpershare/unit": "$0.05401", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Enhanced Premium Yield Fund \\u2013 ETF Series", "TickerSymbol": "PAYF", "Distributionpershare/unit": "$0.11811", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose International Dividend Fund \\u2013 ETF Units", "TickerSymbol": "PID", "Distributionpershare/unit": "$0.0780", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose US Dividend Fund \\u2013 ETF Units", "TickerSymbol": "PUD", "Distributionpershare/unit": "$0.0650", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose US Dividend Fund Non-Currency Hedged \\u2013 ETF Units", "TickerSymbol": "PUD.B", "Distributionpershare/unit": "$0.0760", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Global Bond Fund \\u2013 ETF Units", "TickerSymbol": "BND", "Distributionpershare/unit": "$0.0665", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose High Interest Savings Fund \\u2013 ETF Units", "TickerSymbol": "PSA", "Distributionpershare/unit": "$0.1710", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose US Cash Fund \\u2013 ETF Units", "TickerSymbol": "PSU.U", "Distributionpershare/unit": "US$ 0.3358", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Strategic Yield Fund \\u2013 ETF Units", "TickerSymbol": "SYLD", "Distributionpershare/unit": "$0.0970", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Multi-Asset Income Fund \\u2013 ETF Units", "TickerSymbol": "PINC", "Distributionpershare/unit": "$0.0840", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Global Bond Class \\u2013 ETF Units", "TickerSymbol": "IGB", "Distributionpershare/unit": "$0.06781", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Canadian Preferred Share Fund \\u2013 ETF Units", "TickerSymbol": "RPS", "Distributionpershare/unit": "$0.0950", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Core Equity Income Fund \\u2013 ETF Series", "TickerSymbol": "RDE", "Distributionpershare/unit": "$0.08001", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose US Preferred Share Fund \\u2013 ETF Units", "TickerSymbol": "RPU", "Distributionpershare/unit": "$0.0940", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose US Preferred Share Fund Non-Currency Hedged \\u2013 ETF Units2", "TickerSymbol": "RPU.B / RPU.U", "Distributionpershare/unit": "$0.0940", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Emerging Markets Dividend Fund \\u2013 ETF Units", "TickerSymbol": "REM", "Distributionpershare/unit": "$0.0950", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Global Flexible Credit Fund \\u2013 ETF Units", "TickerSymbol": "FLX", "Distributionpershare/unit": "$0.0297", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Global Flexible Credit Fund - Non-Currency Hedged USD \\u2013 ETF Units", "TickerSymbol": "FLX.U", "Distributionpershare/unit": "US$ 0.0375", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Global Flexible Credit Fund - Non-Currency Hedged \\u2013 ETF Units", "TickerSymbol": "FLX.B", "Distributionpershare/unit": "$0.0365", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Black Diamond Global Equity Fund \\u2013 ETF Units", "TickerSymbol": "BDEQ", "Distributionpershare/unit": "$0.0112", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Black Diamond Distressed Opportunities Fund \\u2013 ETF Units", "TickerSymbol": "BDOP", "Distributionpershare/unit": "$0.0075", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Credit Opportunities Fund \\u2013 ETF Units", "TickerSymbol": "CROP", "Distributionpershare/unit": "$0.0875", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Credit Opportunities Fund \\u2013 ETF USD Units", "TickerSymbol": "CROP.U", "Distributionpershare/unit": "$0.0975", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Bitcoin Yield ETF \\u2013 ETF Units", "TickerSymbol": "BTCY", "Distributionpershare/unit": "$0.0210", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Bitcoin Yield ETF \\u2013 ETF Non-Currency hedged Units", "TickerSymbol": "BTCY.B", "Distributionpershare/unit": "$0.0235", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Bitcoin Yield ETF \\u2013 ETF Units Non-Currency Hedged USD Units", "TickerSymbol": "BTCY.U", "Distributionpershare/unit": "US$ 0.0280", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Ether Yield ETF \\u2013 ETF Units", "TickerSymbol": "ETHY", "Distributionpershare/unit": "$0.0210", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Ether Yield ETF \\u2013 ETF Non-Currency hedged Units", "TickerSymbol": "ETHY.B", "Distributionpershare/unit": "$0.0250", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Ether Yield ETF \\u2013 ETF Units Non-Currency Hedged USD Units", "TickerSymbol": "ETHY.U", "Distributionpershare/unit": "US$ 0.0275", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Purpose Healthcare Innovation Yield ETF \\u2013 ETF Units", "TickerSymbol": "HEAL", "Distributionpershare/unit": "$0.1330", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Alphabet (GOOGL) Yield Shares Purpose ETF", "TickerSymbol": "YGOG", "Distributionpershare/unit": "$0.1833", "RecordDate": "01/27/2023", "PayableDate": "02/07/2023", "DistributionFrequency": "Monthly"}, {"Open-End Funds": "Amazon (AMZN
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-01-20
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $406,789,845,119
- Hash Rate: 246659369.44636056
- Transaction Count: 295822.0
- Unique Addresses: 702080.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.51
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: It’s been an ugly stretch for electric vehicle (EV) stocks. While that includes the juggernauts like Tesla (NASDAQ: TSLA ), it also includes the smaller companies like Mullen Automotive (NASDAQ: MULN ). Case in point? MULN stock is down about 10% on Monday. At today’s low, shares changed hands at 26 cents a share. While that’s still more than 40% above the 52-week low, the trend has not been kind. However, it has been interesting. Short interest was being flagged as a potential catalyst for MULN stock last week. Shortly after, the stock more than doubled in a three-day stretch. After the high on Thursday, shares are already down more than 30%. InvestorPlace - Stock Market News, Stock Advice & Trading Tips So when investors ask, “Why is Mullen stock down 10% today?” the answer can be pretty easy: Volatility. When we look at a stock like Tesla, it is not performing well. Shares have now made new 52-week lows in five straight sessions. That’s indicative of a bearish trend as bulls continue to bail. At the same time though, almost all EV stocks are under pressure. The Chinese EV stocks were doing better lately on the promise of a reopening economy in China, but the sellers have caught up with them as well. MULN Stock Tries to Avoid New Lows In other words, there’s been no escaping the selling pressure in these stocks. Yet at the same time, Nio (NYSE: NIO ), Tesla and others have solid growth, with streamlined production and deliveries. These automakers are true businesses and while they can still falter, they have long-term promise. That’s not to say Mullen Automotive is set to fail and MULN stock is destined to trade over the counter, but it’s a much bigger risk than a Tesla or Nio at this point. The recent volatility in the stock price does little to calm investors’ nerves. Shares shouldn’t double in a three-day stretch, while a short-squeeze is far from the most bullish catalyst investors can rely on — at least on a fundamental basis. Story continues There’s not much analyst coverage on MULN stock. However, while they do expect revenue to double this year to about $131 million, the analyst expects just 11% growth in sales next year. While Mullen did receive a nice-sized order last week — good for 6,000 cargo vans from R andy Marion Isuzu, LLC — there are still concerns about the company from a profit and loss perspective. For now, fundamental investors may want to look elsewhere in the EV space. The exception is if they are looking for a purely speculative space. On the date of publication, Bret Kenwell did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell . More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air” It doesn’t matter if you have $500 or $5 million. Do this now. The post Why Is Mullen (MULN) Stock Down 10% Today? appeared first on InvestorPlace ....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["(Removes extraneous word in para 3) Jan 21 (Reuters) - Bitcoin rose 2.3% to $23,199 at 10:07 GMT on Saturday, adding $521 to its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is up 40.6% from the year's low of $16,496 on January 1. Ether, the coin linked to the ethereum blockchain network, rose 0.58% to $1,668.1 on Saturday, adding $9.7 to its previous close. (Reporting by Jose Joseph in Bengaluru, Editing by William Maclean)", "(Removes extraneous word in para 3)\nJan 21 (Reuters) - Bitcoin rose 2.3% to $23,199 at 10:07 GMT on Saturday, adding $521 to its previous close.\nBitcoin, the world's biggest and best-known cryptocurrency, is up 40.6% from the year's low of $16,496 on January 1.\nEther, the coin linked to the ethereum blockchain network, rose 0.58% to $1,668.1 on Saturday, adding $9.7 to its previous close. (Reporting by Jose Joseph in Bengaluru, Editing by William Maclean)", "(Removes extraneous word in para 3)\nJan 21 (Reuters) - Bitcoin rose 2.3% to $23,199 at 10:07 GMT on Saturday, adding $521 to its previous close.\nBitcoin, the world's biggest and best-known cryptocurrency, is up 40.6% from the year's low of $16,496 on January 1.\nEther, the coin linked to the ethereum blockchain network, rose 0.58% to $1,668.1 on Saturday, adding $9.7 to its previous close. (Reporting by Jose Joseph in Bengaluru, Editing by William Maclean)", "(Removes extraneous word in para 3)\n(Reuters) - Bitcoin rose 2.3% to $23,199 at 10:07 GMT on Saturday, adding $521 to its previous close.\nBitcoin, the world's biggest and best-known cryptocurrency, is up 40.6% from the year's low of $16,496 on January 1.\nEther, the coin linked to the ethereum blockchain network, rose 0.58% to $1,668.1 on Saturday, adding $9.7 to its previous close.\n(This story has been refiled to remove the extraneous word in paragraph three)\n(Reporting by Jose Joseph in Bengaluru, Editing by William Maclean)", "(Removes extraneous word in para 3) (Reuters) - Bitcoin rose 2.3% to $23,199 at 10:07 GMT on Saturday, adding $521 to its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is up 40.6% from the year's low of $16,496 on January 1. Ether, the coin linked to the ethereum blockchain network, rose 0.58% to $1,668.1 on Saturday, adding $9.7 to its previous close. (This story has been refiled to remove the extraneous word in paragraph three) (Reporting by Jose Joseph in Bengaluru, Editing by William Maclean)", "(Removes extraneous word in para 3) (Reuters) - Bitcoin rose 2.3% to $23,199 at 10:07 GMT on Saturday, adding $521 to its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is up 40.6% from the year's low of $16,496 on January 1. Ether, the coin linked to the ethereum blockchain network, rose 0.58% to $1,668.1 on Saturday, adding $9.7 to its previous close. (This story has been refiled to remove the extraneous word in paragraph three) (Reporting by Jose Joseph in Bengaluru, Editing by William Maclean)", "(Removes extraneous word in para 3)\n(Reuters) - Bitcoin rose 2.3% to $23,199 at 10:07 GMT on Saturday, adding $521 to its previous close.\nBitcoin, the world's biggest and best-known cryptocurrency, is up 40.6% from the year's low of $16,496 on January 1.\nEther, the coin linked to the ethereum blockchain network, rose 0.58% to $1,668.1 on Saturday, adding $9.7 to its previous close.\n(This story has been refiled to remove the extraneous word in paragraph three)\n(Reporting by Jose Joseph in Bengaluru, Editing by William Maclean)", "(Removes extraneous word in para 3)\n(Reuters) - Bitcoin rose 2.3% to $23,199 at 10:07 GMT on Saturday, adding $521 to its previous close.\nBitcoin, the world's biggest and best-known cryptocurrency, is up 40.6% from the year's low of $16,496 on January 1.\nEther, the coin linked to the ethereum blockchain network, rose 0.58% to $1,668.1 on Saturday, adding $9.7 to its previous close.\n(This story has been refiled to remove the extraneous word in paragraph three)\n(Reporting by Jose Joseph in Bengaluru, Editing by William Maclean)", "(Removes extraneous word in para 3)\n(Reuters) - Bitcoin rose 2.3% to $23,199 at 10:07 GMT on Saturday, adding $521 to its previous close.\nBitcoin, the world's biggest and best-known cryptocurrency, is up 40.6% from the year's low of $16,496 on January 1.\nEther, the coin linked to the ethereum blockchain network, rose 0.58% to $1,668.1 on Saturday, adding $9.7 to its previous close.\n(This story has been refiled to remove the extraneous word in paragraph three)\n(Reporting by Jose Joseph in Bengaluru, Editing by William Maclean)", 'Consider yourself lucky if you\'ve never had to sacrifice your comfort to make ends meet. For most of us, we know all too well that desperate times call for desperate measures. I was reminded of this when u/peachyqueen45 asked folks , "What’s the most desperate thing you’ve ever done for money?" And honestly, I wasn\'t prepared: 1. "I participated in a food study where I couldn’t eat for a day before, arrived at the lab very early in the morning, had a tube put down my throat, and lay there for six hours as they pumped liquids into and out of my stomach. After the first two hours, I begged them to at least turn on the TV, but they would only let me watch PBS so I couldn’t accidentally see any commercials about food. It wasn’t fun, but the pay was decent, and they served me a steak dinner afterward." "This was almost 40 years ago. Honestly, I don\'t think I even asked what the study was. I think they paid $120, which is about $370 today." — u/glorious_cheese Searchlight Pictures 2. "I made $50 when I was randomly approached in a bar to be on a foot fetish site. There was no nudity or actual sex involved. Just a lot of pictures of women\'s feet on my face, chest, and so on. It was way more uncomfortable than it should have been." — u/Fubai97b 3. "I signed up for a three-week drug study in 1991. We took a dose of some antibiotic every day and had blood drawn throughout the day, every day. The pay was $2000, which is valued at over $4,300 today. But being in the drug testing facility for three weeks was...interesting." — u/teneggomelet 4. "I used to pose naked for art classes while I was an undergrad. The pay was pretty good, about five times the minimum wage. One grad student who was a good artist and kind of odd asked if I would do a private session of a few hours. I agreed, since I was desperate for money — I figured I had just been hired for sex. I was a bit conflicted, but then just figured, \'Why not?\' I showed up cleaned, prepped, and dressed to look good. It turned out that the artist really did want me to pose. They were polite the whole time, though very specific on poses. It was actually a bit challenging. They were so intense, and the talent and effort was kind of a turn-on. By the end, I was half-hoping it would turn into sex. We went over the time, but the artist was grateful and paid extra. I learned then I would be willing to have sex for money in some situations." ilana glazer poses nude for an art class in "broad city" Comedy Central / Via giphy.com Story continues — u/Puzzleheaded_Big3319 5. "I drew a furry NSFW artwork of an original character. I\'m not even a furry artist, but I got $120 for drawing a blue double-shark dick in one afternoon, so whatever. I was able to afford Christmas presents for my family after that." "I am not even involved in that market. Someone just messaged me on reddit, and that was a one-time thing." — u/Twighdark 6. "I participated in some market research for a new beer. Getting paid $150 to drink beer for an hour sounded great at the time. It was a bunch of different beers in small plastic cups, all of which started out tasting like the strained liquid from the devil’s underpants. It progressively got worse. They kept bringing more out until one guy finally cracked, swiped all his beers off the table, and stormed out yelling, ‘I wouldn’t even give this crap to my dog!’" mayaa rudolph spills her drink from her mouth in "saturday night live" NBC / Via giphy.com "Everyone was so excited at the beginning, and by the end, it was the polar opposite. All the participants immediately snatched their cash from the facilitator, stomped out, and angrily swore about how awful the beer was all the way out of the building and down the street. I still don’t know if it was market research or some bizarre psychological experiment." — u/Rumpleshite 7. "I participated in a sleep study where they had us wired up to electrodes to monitor our responses at periodic intervals across three days without sleep. It was brutal. I learned I cannot go without sleep for two days in a row." — u/Barbarella_ella Netflix 8. "I once put grapes up my butt, plopped them out into a mason jar, canned them, and then overnight shipped it to the stranger that requested them from me through direct message. I got $3,000." — u/sammisamantha 9. "I was newly broke and had a date in a few hours. She wanted to go to Red Lobster. I went through my car, parents’ cars, sisters’ cars, couches, really everywhere looking for coins. I had a partially used gift card for somewhere as well. I took it all to the grocery store, cashed in the change, and sold the gift card for practically nothing. I had just enough to cover myself. If she expected me to get the bill, I was finished. I’d have to own up to having like $31.25 to my name. Luckily, she didn’t. We split the bill. And now we’re married." emma stone in "easy a" reacting positively to a lobster dish Sony Pictures / Via giphy.com — u/Zezu 10. "Once when I was unemployed, I bought a bunch of king-size candy at Costco, and went door to door selling it saying it was a fundraiser for a church youth group. I made a good profit, and was able to pay rent that month." — u/brock_lee "A friend of mine used to buy water bottles in bulk and then sell them at anime conventions to cover his entry." — u/limasxgoesto0 11. "As a kid, I did these dumb
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-01-21
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $434,590,585,812
- Hash Rate: 257871158.96664968
- Transaction Count: 287860.0
- Unique Addresses: 676478.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.53
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin and Ether fell Thursday morning in Asia, along with most other top 10 non-stablecoin cryptocurrencies on concerns about the direction of the U.S. economy and interest rates. Prices also lost ground overnight after the U.S. said it would take what it called “a major, international cryptocurrency enforcement action.” This turned out to involve the relatively market-underwhelming arrest of the Russian owner of Hong Kong-registered exchange Bitzlato Ltd., but prices didn’t recover.
See related article:Silvergate reports US$1 billion loss, attributes to “crisis of confidence” in crypto sector
• Bitcoin fell 2.2% to US$20,686 in the 24 hours to 8 a.m. in Hong Kong, though it is still up 18.6% over the past calendar week. Ether lost 3.4% to US$1,514 to cut its gains for the same week to 9.1%, according todata from CoinMarketCap.
• Memecoin Shiba Inu jumped 6.2% to US$0.0000112, the only token in CoinMarketCap’s top 10 list by capitalization to rise, bringing its weekly gains to 22.4%. This momentum comes as investors await the release of theEthereum-based layer 2 network Shibariumin coming weeks.
• Solana fell 9% to US$27.16, posting the biggest losses in CoinMarketCap’s list, but it remains up 27.2% for the week and one of the best-performing tokens for 2023.
• Polygon fell 5.5% to US$0.94, and Cardano lost 5.4% to US$0.32, in the second and third biggest losses after Solana.
• The total crypto market capitalization over the 24 hours fell 2.4% to US$968.1 billion, while trading volume rose 28.5% to US$61.6 billion.
• The U.S. Justice Department said it was charging Bitzlato Ltd. with money laundering related to US$700 million in cryptocurrencies and arrested its founder, Anatoly Legkodymov, in Miami. “Whether you break our laws from China or Europe or abuse our financial system from a tropical island — you can expect to answer for your crimes inside a United States courtroom,” Deputy Attorney General Lisa Monaco said at a news conference at the Justice Department, according to a Reuters report.
• U.S. equities fell on Wednesday. The Dow Jones Industrial Average lost 1.8%, the S&P 500 slipped 1.6% and the Nasdaq Composite Index closed the day 1.2% lower. The declines came as theU.S. Commerce Departmentsaid retail sales fell 1.1% in December, matching the largest drop in a year, and surpassing the 0.8% decline economists had predicted to add to recession worries.
• On top of this, St. Louis Federal ReservePresident James Bullard said the Fedshould not “stall” on raising interest rates to combat inflation until they are above 5%.
• Last month, the Fed raised interest rates by 50-basis points to between 4.25% and 4.5%, the highest in 15 years. The next Fed meeting is Jan. 31 to Feb. 1, with analysts at the CME Group predicting a 94.2% chance of an increase of 25 basis points.
See related article:FTX says US$415 mln in crypto hacked since bankruptcy filing...
- Reddit Posts (Sample): [['u/GabeSter', 'The curious case against Polkadot: The price is down roughly 23% over two years yet the marketcap is the same thanks to DOT inflation.', 199, '2023-01-21 00:09', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/', '# What you should know:\n\nIn case you didn\'t know Polkadot has high inflation. On Dec. 31st 2020 Polkadot had \\~895K in circulating supply, as of Jan. 20th 2023 Dot has a circulating supply of \\~1,159K an increase of \\~23% over two years or roughly 11% a year. Now to the benefit of DOT holders inflation can be beaten by staking Polkadot with staking rewards currently about 15% annually. Meaning you can get more DOT than the annual inflation rate by staking your DOT.\n\n# The curious case against Polkadot.\n\nTo understand what this inflation means for Polkadot we have to take a really basic look at price and marketcap.\n\nOn Dec. 31st 2020, Polkadot had a marketcap of $7.28B, a price of $8.13 and a marketcap rank of 6.\n\n[https:\\/\\/web.archive.org\\/web\\/20201231174731\\/https:\\/\\/coinmarketcap.com\\/](https://preview.redd.it/zspi21301ada1.png?width=1009&format=png&auto=webp&v=enabled&s=2e98955a520e1e1ef5e7f0763e07fafba91302af)\n\nToday Jan. 20th 2023, Polkadot has a marketcap of 7.18B, a price of $6.20 and a marketcap rank of 12.\n\n[https:\\/\\/coinmarketcap.com\\/](https://preview.redd.it/v1i93anf1ada1.png?width=1081&format=png&auto=webp&v=enabled&s=9a861fc2a48c31fda01e4fd3cccf56b74ec6b05d)\n\nWhat this means is thanks to inflation the price has dropped roughly 23% in about two years and the marketcap has stayed constant. Dot has high sustained inflation, yes you can still "beat it" via staking but the pressure still exists and anyone investing in DOT should know about this, as the price is not guaranteed to move relative to inflation.\n\n# Conclusion\n\nDue to that high rate of inflation you can deduce a few considerations\n\n* Dot is not a crypto you want to hold if you aren\'t staking it.\n* Holding it long term in a bear market will likely cause you to see higher than average losses (compared to other crypto assets) thanks to the inflation rate creating sustained selling pressure.\n* In an environment where inflation is so high, DOT maintains it\'s total marketcap at the expense of it\'s price.\n* A large number of DOT holders **are not staking** or the rewards could not be \\~1.4X the inflation rate.\n\nLast Important Note: "Beating Inflation" does not guarantee you\'ll profit as that depends separately on price movement. It just means you will get more **total Dot** relative to the **total supply increase**.\n\nFor those curious about what "crypto" looked like on 12/31/2020 this is for you. BTC was about $28K and ETH was about $740.\n\n[https:\\/\\/web.archive.org\\/web\\/20201231174731\\/https:\\/\\/coinmarketcap.com\\/](https://preview.redd.it/iqw4hujm4ada1.png?width=1018&format=png&auto=webp&v=enabled&s=371fe6e2a3903646bacae4a14b09748cf115827e)', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/', '10hbyya', [['u/Slainte042', 19, '2023-01-21 00:13', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j57jty0/', "One of the reasons i'm still around here are quality posts like this one. Thank you.", '10hbyya'], ['u/MaeronTargaryen', 41, '2023-01-21 00:23', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j57la61/', 'I’ll never understand why people who hold a high inflation coin wouldn’t stake it on its native wallet.', '10hbyya'], ['u/Odlavso', 24, '2023-01-21 00:28', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j57m094/', "I don't know much about DOT but from what I've read it's a bit tricky to stake and has a minimum amount required. I believe they are trying to change this or maybe it was just changed but it might be one of the reasons.", '10hbyya'], ['u/MaeronTargaryen', 12, '2023-01-21 00:30', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j57mcbm/', 'I’ve heard that too, I have to admit my only high inflation coin is ATOM and staking is the easiest thing ever. But that’s why you DYOR, if you want to buy DOT but won’t have enough to stake it, or you don’t understand how, maybe it’s not the right investment for you', '10hbyya'], ['u/JERMYNC', 23, '2023-01-21 00:35', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j57myw6/', "What OP didn't mention is that DOT is up 35% for the month. \n\nMy DOT is staked, and I'm seeing great returns as the market moves up. \n\nDOT is now in the Top 10 Market Cap. It's a must hold IMO", '10hbyya'], ['u/Soil_Electronic', 18, '2023-01-21 00:39', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j57nmdu/', 'Last year Polkadot introduced nomination pools you can stake starting from 1 DOT and it’s like 3 clicks', '10hbyya'], ['u/JERMYNC', 11, '2023-01-21 00:42', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j57o05w/', 'Most of Mine is currently staked on Kraken. Paying 9-12%', '10hbyya'], ['u/GabeSter', 12, '2023-01-21 00:44', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j57obtf/', 'I’m not fuding DOT in my post and I’m surprised that was your takeaway... Basically everything is up over the month.', '10hbyya'], ['u/JERMYNC', 13, '2023-01-21 00:48', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j57ovtm/', 'Your Title was "curious case against DOT." Which seemed negative to me. \n\nI appreciate your POST, it\'s both informative and accurate. My takeaway is to keep DOT staked in order to counter the inflation risks. I hope you continue to post quality pieces my friend.', '10hbyya'], ['u/Soil_Electronic', 11, '2023-01-21 00:50', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j57p7ix/', 'I’m a DOT holder and I found this post great to shed a light on disadvantages and advantages end of the day people themselves have to do due diligence. DOT was my first defi,crowdloan experience and because of it I learned a lot in this space. It might not be a moon shot that goes x100. But it has bright feature ahead', '10hbyya'], ['u/Uno-91', 57, '2023-01-21 00:52', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j57pg8w/', 'I have to be honest and say that I found interest in Polkadot and invested early in 2022 but never staked but I am just coming around to doing it. Better late than never I guess. Thanks for a good and important post for people looking to get into DOT.', '10hbyya'], ['u/Odlavso', 11, '2023-01-21 01:03', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j57qz77/', "That's not staking, that's lending your DOT to kraken.", '10hbyya'], ['u/Lillica_Golden_SHIB', 15, '2023-01-21 01:35', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j57vacc/', 'Hats down to OP, really nice when people put in the time to bring quality content to the sub', '10hbyya'], ['u/sportspadawan13', 15, '2023-01-21 02:19', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j5815gz/', "Staked and got a boatload, certainly offsetting inflation. But doesn't really matter when it's 93% down from ATH and 75% down from my average...", '10hbyya'], ['u/Soil_Electronic', 14, '2023-01-21 03:51', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j58cs9a/', 'Look up talisman wallet you can use that with your ledger (your DOT still stays in the ledger) and stake through there using nominations pools. And for liquid staking it’s Parallel', '10hbyya'], ['u/diegun81', 10, '2023-01-21 04:03', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j58e56u/', 'I use talisman wallet, you need 1 dot and it’s so easy to stake. I used to stake in kraken and changed as talisman did that. Ofc chose the pool you prefer, used talisman because was the first i heard of.', '10hbyya'], ['u/3utt5lut', 11, '2023-01-21 06:59', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j58x6vh/', "The emphasis on Polkadot is that they don't want users to stake it or the rewards would go down (duh). Before the Nomination Pools came out, it was (is) a total shitshow to even use their native staking.\n\nLast bullrun, the market cap was essentially 10x what it is now, price was still reasonably affordable even at the $55 ATH. The idea behind Polkadot is to remain affordable so people can actually buy it and use it, especially in their parachain crowdloans (which is the entire purpose of the network). If people can't buy it, they can't functionally use the network as intended.\n\nAlthough, Polkadot does have denominations similar to Bitcoin's Satoshis (Sats); Plancks, where 1 DOT = 10,000,000,000 Planck. So they have planned for future outcomes where the price/affordability can join into one, the same way anyone can inadvertently stack Sats regardless of what crypto they buy.", '10hbyya'], ['u/kirtash93', 15, '2023-01-21 08:38', 'https://www.reddit.com/r/CryptoCurrency/comments/10hbyya/the_curious_case_against_polkadot_the_price_is/j595b45/', 'DOT is one of my most promising projects in my portfolio. I am happy I have never stop my DCA.', '10hbyya']]], ['u/HODL-THE-LINE', 'maybe the ratio is a good indicator of ...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['editor\'s node column The jokes wrote themselves. On Wednesday, the U.S. Department of Justice declared ominously that it would hold a live press conference at noon to announce an "International Cryptocurrency Enforcement Action." Crypto Twitter panicked, and so did crypto prices . Bitcoin and Ethereum each fell nearly 5% in just a few minutes, amounting to a flash crash. Which big player was caught in the DOJ\'s crosshairs? Binance was a popular bet, and CZ didn\'t help matters by tweeting just "4," which he announced on January 2 is his new signal for incoming "FUD, fake news, attacks, etc." Then the press conference happened. It wasn\'t Binance. It wasn\'t Celsius, or Voyager, or Blockfi, or any other bankrupt crypto lender that screwed over its customers. It was a Hong Kong-based, Russian-owned crypto exchange called Bitzlato. Bitz-what? Bitzlatte? I\'ve been writing about crypto since 2011, and never heard of it. Bitzlato has like 1,400 followers and hasn\'t tweeted in almost a year pic.twitter.com/VMNqVMSo5x — Jacquelyn Melinek (@jacqmelinek) January 18, 2023 Bitzlato, the DOJ said , processed more than $700 million in illicit funds, including millions in proceeds from ransomware. Okay. But as of January 18, Bitzlato customer wallets had... $11,000 in them, according to a Coinbase operations director . At Bitzlato\'s peak, customer wallets held $6 million—a trifle. And yet DOJ Deputy Attorney General Lisa Monaco touted the enforcement action as "a significant blow to the cryptocrime ecosystem." She said Bitzlato, "fueled a high-tech axis of cryptocrime." The crypto market quickly rebounded . vibes pic.twitter.com/NuLYoMfG5g — 219.eth (@219_eth) January 18, 2023 I could embed a bunch more of the best memes on this, but let\'s move on to the Why, and the What This Means. Story continues The DOJ is attempting to flex. People in crypto laughed at it, but those outside crypto probably didn\'t. The U.S. government wants to make crystal clear—especially after the massively scrutinized collapse of FTX—that it is aware of CRYPTO CRIME (!) and is taking decisive action. The DOJ has reportedly been investigating Binance since 2018 , and according to Reuters is split over whether to bring charges. It\'s been rumored that the DOJ is also investigating Digital Currency Group , owner of crypto lender Genesis, which filed for bankruptcy this week. And the DOJ isn\'t alone: the SEC charged both Genesis and Gemini at once last week for violating securities laws. SEC Commissioner Hester Peirce, in an interview on our gm podcast last month, was reluctant to say outright that the FTX meltdown will lead directly to more crypto regulation. But it\'s clear that at the very least it has already led to more posturing. And Peirce did say she hopes it won\'t lead her peers to overreact with hasty restrictions. “I think we should all be on the lookout for regulatory frameworks that are developed in the context of enforcement action, because it’s a very tempting thing for regulators to do that,” Peirce said. “And it just cuts everybody else out of the process.” I frequently say that people in crypto have an irrational fear of the very word "regulation." They presume regulating crypto means shutting it down entirely, when regulation could simply mean—in an ideal scenario for all—creating new safeguards for retail investors. That said, what Sam Bankman-Fried hath wrought is a new climate in which regulators and politicians are feeling more pressured than ever before to show they\'re serious about ridding crypto of the bad actors. And that could lead to overreach. We already saw it last year with Tornado Cash . The next big hyped enforcement action may not be against some small-time player.', 'The jokes wrote themselves.\nOn Wednesday, the U.S. Department of Justicedeclaredominously that it would hold a live press conference at noon to announce an "International Cryptocurrency Enforcement Action."\nCrypto Twitter panicked, andso did crypto prices. Bitcoin and Ethereum each fell nearly 5% in just a few minutes, amounting to a flash crash. Which big player was caught in the DOJ\'s crosshairs? Binance was a popular bet, and CZ didn\'t help matters bytweetingjust "4," which heannouncedon January 2 is his new signal for incoming "FUD, fake news, attacks, etc."\nThen the press conference happened. It wasn\'t Binance. It wasn\'t Celsius, or Voyager, or Blockfi, or any other bankrupt crypto lender that screwed over its customers. It was a Hong Kong-based, Russian-owned crypto exchange called Bitzlato.\nBitz-what? Bitzlatte? I\'ve been writing about crypto since 2011, and never heard of it.\nBitzlato, theDOJ said, processed more than $700 million in illicit funds, including millions in proceeds from ransomware.\nOkay. But as of January 18, Bitzlato customer wallets had... $11,000 in them,according to a Coinbase operations director. At Bitzlato\'s peak, customer wallets held $6 million—a trifle. And yet DOJ Deputy Attorney General Lisa Monaco touted the enforcement action as "a significant blow to the cryptocrime ecosystem." She said Bitzlato, "fueled a high-tech axis of cryptocrime."\nThe crypto marketquickly rebounded.\nI could embed a bunch more of the best memes on this, but let\'s move on to the Why, and the What This Means.\nThe DOJ is attempting to flex.\nPeople in crypto laughed at it, but those outside crypto probably didn\'t. The U.S. government wants to make crystal clear—especially after the massively scrutinized collapse of FTX—that it is aware ofCRYPTO CRIME(!) and is taking decisive action.\nThe DOJ has reportedly beeninvestigating Binance since 2018, and according toReutersis split over whether to bring charges. It\'s been rumored that the DOJ is alsoinvestigating Digital Currency Group, owner of crypto lender Genesis, whichfiled for bankruptcythis week.\nAnd the DOJ isn\'t alone: the SECcharged both Genesis and Gemini at oncelast week for violating securities laws.\nSEC Commissioner Hester Peirce, in aninterview on our gm podcastlast month, was reluctant to say outright that the FTX meltdown will lead directly to more crypto regulation. But it\'s clear that at the very least it has already led to more posturing. And Peirce did say she hopes it won\'t lead her peers to overreact with hasty restrictions.\n“I think we should all be on the lookout for regulatory frameworks that are developed in the context of enforcement action, because it’s a very tempting thing for regulators to do that,” Peirce said. “And it just cuts everybody else out of the process.”\nI frequently say that people in crypto have an irrational fear of the very word "regulation." They presume regulating crypto means shutting it down entirely, when regulation could simply mean—in an ideal scenario for all—creating new safeguards for retail investors.\nThat said, what Sam Bankman-Fried hath wrought is a new climate in which regulators and politicians are feeling more pressured than ever before to show they\'re serious about ridding crypto of the bad actors. And that could lead to overreach. We already saw it last year withTornado Cash.\nThe next big hyped enforcement action may not be against some small-time player.', 'The outlook for the world economy is getting gloomier. Two-thirds (67%) of private and public sector chief economists surveyed by the World Economic Forum (WEF) recently said they expect a global recession in 2023 .\xa0 While the stocks of companies that sell essential products, such as healthcare, utilities and groceries, would likely hold up well during a recession, the stocks of companies involved in discretionary pursuits, i.e. travel, dining out and entertainment, often get brutalized during economic downturns as consumers are forced to reduce their spending on such items. A growing wave of layoffs are likely to force people to count their pennies even more closely. Here are three stocks to sell ASAP following the World Economic Forum’s recession prediction for 2023. SIX Six Flags $26.80 DRI Darden $148 MA Mastercard $381 Six Flags (SIX) The Six Flags (SIX) Magic Mountain sign in Los Angeles, California. Source: Martina Badini/Shutterstock.com Amusement parks are viewed as a luxury at the best of times. Riding a rollercoaster, while fun, is hardly necessary. For this reason, the stock of Six Flags Entertainment (NYSE: SIX ) is likely not one you want in your portfolio if the economy tanks. The Texas-based company runs nearly 30 amusement and water parks in the U.S., Canada and Mexico. InvestorPlace - Stock Market News, Stock Advice & Trading Tips The company’s business has struggled since the Covid-19 pandemic in 2020 forced its parks to close for lengthy periods or operate at reduced capacity. A recession in 2023 would just be the latest blow to a stock that has declined 60% in the last five years. In the past year alone, SIX stock has dropped 32%. To keep up with inflation, the company was forced to raise its prices in 2022. That resulted in a 25% year-over-year decline in park attendance during the first nine months of last year. Its total revenue dropped 9% and its net income fell 23% in the same time period. A recession would further hurt park attendance and profits, making Six Flags Entertainment a stock to sell ASAP. Story continues Darden Restaurants (DRI) an Olive Garden sign on the front of the restaurant Source: Shutterstock People will still dine out during a recession, but they’ll look for cheaper alternatives. The dollar menu at McDonald’s (NYSE: MCD ) can become very popular when times are tough. That would be bad news for Darden Restaurants (NYSE: DRI ), which runs popular dine-in chains such as Olive Garden and the Longhorn Steakhouse. These full-service restaurants have difficulty competing against their fast food competitors and drive-thru counters during lean times. A recession in 2023 would come at arguably the worst possible time for Darden Restaurants, whose more than 1,800 locations across the U.S. and Canada are still
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-01-22
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $440,463,659,625
- Hash Rate: 282163369.5939428
- Transaction Count: 250760.0
- Unique Addresses: 610248.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.53
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: One of the more oft-cited phenomena in the market is the Santa Claus rally, which if youre a believer implies that you should plan ahead with stocks to buy that can benefit from this trend. Per Investopedia , the Santa Claus rally describes a sustained increase in the stock market that occurs in the week leading up to Dec. 25. To be clear, there seems to be some disagreement over whether these rallies happen in the week leading up to Christmas, or if its the week after Christmas until Jan 2. Fundamentally, its not so much about Santa Claus but rather the underlying theory that can bolster stocks to buy. For instance, the winter season can bring out a festive mood, thus increasing bullishness. This year, both technical indicators and fundamental undertones suggest that Jolly Old St. Nicholas may bring good tidings for investors: its just that the timing might vary. Nevertheless, if youre flexible, these are the undervalued and/or underappreciated stocks to buy that can benefit from the Santa Claus rally. InvestorPlace - Stock Market News, Stock Advice & Trading Tips PFE Pfizer $49.45 THO Thor Industries $85.77 KLIC Kulicke & Soffa $46.10 LCII LCI Industries $100.05 MATX Matson $63.11 MDC MDC Holdings $31.23 GRVY Gravity $41.65 Pfizer (PFE) Illustration of a biopharma company. Doctor standing in front of various medical icons. Source: Billion Photos / Shutterstock Earlier during the height of the coronavirus pandemic, pharmaceutical giant Pfizer (NYSE: PFE ) essentially represented a cant-lose proposition. Offering a vaccine for Covid-19, many viewed Pfizer not only as a biopharma play but rather as a long-term economic catalyst. Fortunately and unfortunately, fears of Covid faded dramatically, resulting in relevancy loss for PFE. Still, it could also benefit from the Santa Claus rally. For one thing, the mood appears to be brightening in the market, translating to a performance boost for Pfizer. True, on a year-to-date basis, PFE dropped 13% of equity value. However, in the trailing month, PFE gained almost 8%. It could gain more should the omicron variant of the SARS-CoV-2 virus spreads rapidly this winter. Story continues Another factor to consider is Pfizers value proposition. According to Gurufocus.com, PFE rates as significantly undervalued . Currently, the market prices PFE shares at 9.9 times forward earnings. In contrast, the industry median forward price-earnings ratio is 15.5 times. Thor Industries (THO) A businessman ripping his shirt off to reveal an upward green arrow with the word buy on it underneath Source: ImageFlow/Shutterstock.com One of the clear Covid-19 winners, Thor Industries (NYSE: THO ) manufactures recreational vehicles. In addition, the company sells towable and motorized RVs through its subsidiary brands. Of course, when Covid-19 symbolized a mysterious and deadly disease, the idea of RVing appealed to health-conscious individuals. However, as pandemic fears faded, so too did Thors relevance. However, the Santa Claus rally could make THO one of the contrarian stocks to buy again. True, THO dropped over 17% of equity value since its January opener. Nevertheless, it attracted near-term momentum, moving up over 8% in the trailing month. Part of the enthusiasm may again stem from the value proposition. Currently, the market prices THO at 4.2 times trailing-12-month ( TTM ) earnings, whereas the industrys median PE ratio is 16.6 times. In addition, the company enjoys a three-year revenue growth rate of 26.6%, better than the 93.5% of its rivals. As well, its free cash flow ( FCF ) growth rate during the aforementioned period pings at 24.6%. This ranks above 73% of the industry. Given Thors appeal to the higher-income crowd, THO could rise significantly on a possible Santa Claus rally. Kulicke & Soffa Industries (KLIC) man's hand holding wads of cash Source: Vova Shevchuk / Shutterstock.com Based in Singapore, Kulicke & Soffa Industries (NASDAQ: KLIC ) may not be a household name stateside. However, that could change quickly, particularly among investors. While KLIC represents one of the hard-hit tech stocks suffering a 28% loss on a YTD basis it also benefitted from near-term momentum. In the trailing month, its up over 15%. Fundamentally, KLIC should prove incredibly relevant. Per its public profile , the company is a leading provider of semiconductor, LED, and electronic assembly solutions serving the global automotive, consumer, communications, computing, and industrial markets. Unless you anticipate that these sectors will suffer a substantial loss of demand, KLIC should be able to keep on running. On a financial level, KLIC draws intrigue because of its undervalued nature . Currently, the market prices KLIC at 6.7 times TTM earnings. In contrast, the industrys median price-earnings ratio pings at 17.8 times. Should the Santa Claus rally materialize, its quite possible that discount-seeking investors may rush into KLIC. LCI Industries (LCII) An image of a street sign post with directions labeled "Buy", "Hold", and "Sell" Source: PX Media / Shutterstock LCI Industries (NYSE: LCII ), which operates under the name Lippert is a leading, global manufacturer and supplier of highly engineered products and customized solutions, dedicated to shaping, growing, and bettering the RV, marine, automotive, commercial vehicle, and building products industries. At the moment, circumstances are a bit rough for LCII, which declined more than 36% YTD. Still, should the Santa Claus rally materialize, this is one of the names to consider. Fundamentally, the wealth gap may benefit LCII. Usually, RVs and related industries such as boating cater to the rich. After all, theyre the only ones that can afford endeavors that really amount to money pits. Therefore, under a possible Santa Claus rally, investors may target LCII since its consumer base will be more resilient to economic shocks than consumers of more modest means. On the financials, LCI Industries delivers with strong income statement-related metrics. For instance, its three-year revenue growth rate stands at 21.8% while its net margin is nearly 9%. Both these stats rank among the underlying sectors top echelon. Matson (MATX) A photo of a large oil ship on water Source: Shutterstock A company with a long history, Matson (NYSE: MATX ) was founded in 1882. Its subsidiary Matson Navigation provides ocean shipping services across the Pacific to Hawaii, Alaska, Guam, Micronesia, the South Pacific, China, and Japan. Of course, with disruptions to the global economy , Matson printed a less-than-desirable performance, losing 28% of equity value this year. Unlike other publicly traded securities, MATX did not benefit (yet) from the near-term sentiment lift. In the trailing month, shares are down more than 11%. Nevertheless, should a Santa Claus rally materialize, MATX would definitely belong on a list of stocks to buy. It all comes down to the financials. According to Gurufocus.com, Matson features 10 good signs with no yellow or red flags. With everything that transpired this year, I can tell you straight up this status is a rarity. Among the factors that the investment resource identified as strong positives include stability in the balance sheet (via a high Altman Z-Score) and insider buying. MDC Holdings (MDC) A photo of a man in a mask and neon green vest in front of a home that's under construction. Source: Tong_stocker/ShutterStock.com As Ive expressed in prior InvestorPlace articles, Im not a big fan of housing-related investments. Generally speaking, I anticipate the sector fading. However, no one truly knows what will happen in the market. So, in case Im wrong, contrarian investors may want to check out MDC Holdings (NYSE: MDC ), a new home construction firm. To be clear, MDC presents significant market risks. Since the beginning of this year, shares dropped over 41% in equity value. That said, the stock is starting to pick itself up. In the trailing week, it gained 1.7%, while in the trailing month, MDC moved up over 2%. If the experts are right about the Santa Claus rally, improved investor sentiment could handsomely reward MDC stock. Financially, the underlying company presents a well-balanced picture . For instance, both its revenue growth rate and net margin rank among the underlying sectors top half. In addition, it features a decently stable balance sheet. Finally, the market prices MDC at 3.6 times trailing earnings, which is considerably undervalued. Gravity (GRVY) Metaverse stock Source: Shutterstock Another less-known enterprise among American investors, Gravity (NASDAQ: GRVY ) is a South Korean video game corporation. Among sector enthusiasts, however, Gravity garnered much attention due to its multiplayer online role-playing game Ragnarok Online. With a market capitalization of just under $290 million, prospective investors will need to be careful about GRVY. Further, for all the enthusiasm about the video game sector, GRVY represents a poor performer. Since the start of the year, shares tumbled 39%. In the trailing month, the equity unit dipped more than 1%, reflecting a lack of near-term momentum. However, a Santa Claus rally could change this narrative very quickly. Most prominently, Gravity features zero debt . While thats not always a positive attribute, during this rough economic cycle, its one less distraction to worry about. In addition, the company enjoys solid growth and profit margins. Finally, GRVY is undervalued, priced at 7.5 times TTM earnings, contrasting with the industrys median of 17.9 times. On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. ...
- Reddit Posts (Sample): [['u/georgeoj', '[University] The Undie 500: How hundreds of drunk university students driving 220 miles to party every year resulted in riots, arson, and arrests', 1844, '2023-01-22 00:47', 'https://www.reddit.com/r/HobbyDrama/comments/10i5cen/university_the_undie_500_how_hundreds_of_drunk/', 'Hi everyone! I wanted to write about an event that is fairly well known in my university and country, and is batshit crazy enough to the point where I think it should be known more globally. I don\'t know if this even counts for\nthis sub, so no sweat if it needs to be deleted.\n\n\n**The University of Otago**\n\nOpened in 1869, the University of Otago is one of 8 major universities in New Zealand, and it is also the oldest. Being the oldest university comes with a lot of tradition, just like you would see from universities in the United Kingdom, which the New Zealand unversity system is based off. These traditions range from your more standard toga parties, [all the way up to first years having to carry a concrete bath up a cold and jagged-rock filled river while you\'re pelted with eggs by other students.](https://www.critic.co.nz/features/article/7172/the-history-of-initiations-at-otago-university) There\'s many, many more in the article I linked, but you get the idea. It\'s an old uni, with lots of old traditions, and a very strong culture as a result. In more recent years, both the frequency and the creativity of these traditions has died down, yet the culture remains just as strong as ever. A key part of Otago University culture, however, is the drinking culture.\n\nTo my American friends, this is not your frat party on the weekend and drink till you vomit drinking culture. This is party in the street every night of the week perpetually for the entire year drinking culture. A drinking culture where if you don\'t vomit, you\'ve failed, and[ it\'s rare that you can drive down the street on a Thursday or Saturday night without the street being blocked by hordes of people.](https://www.odt.co.nz/sites/default/files/styles/odt_story_slideshow/public/story/2016/04/castle_st_burns_again_1869312187.jpg?itok=8kBPXWfZ) A fantastic example of this is Castle Street, [best showcased in this video](https://www.youtube.com/watch?v=H_75oNYx_Zw&themeRefresh=1), this is essentially 4 blocks of houses that are rented out completely, and absolutely, by students between the ages of 17-25, sometimes older. Not only is it entirely students, but it is all students who quite literally, only drink. There is an ethos and culture in the area that is, in essence, if you are not drinking, you are not winning. This leads to [stories like this](https://www.critic.co.nz/news/article/9009/castle-streets-most-notorious-flat-evicted-with-34) wherein a group of students were charged $34,000 NZD ($21k USD) to repair damages to their flat, including 19 different walls with holes, 4 windows, a heat pump, a new carpet, you get the idea. I heard from a friend that people would vomit/urinate in the wall holes rather than go to the bathroom. Not only that, but these students often pay way above market value for these awful condition flats, which are often filled with mold, structural issues, and have no insulation, just so they can host parties and have the Castle Street experience. Seriously, just look at these images [here,](https://www.critic.co.nz/files/1633915474_WorstFlat.jpg) [here,](https://www.critic.co.nz/files/1633915929_runnerupworst.jpg) and [here](https://resources.stuff.co.nz/content/dam/images/4/y/p/m/l/7/image.related.StuffLandscapeSixteenByNine.1240x700.21j1gv.png/1606370682873.jpg?format=pjpg&optimize=medium). The photos don\'t do them justice, but even so, they are paying *MORE* so they can live in these conditions. Not only that, [but the street is covered in broken glass and rubbish because why find a bin, right?](https://www.odt.co.nz/sites/default/files/styles/odt_story_slideshow/public/slideshow/node-333260/2016/04/glass_and_rubbish_remain_strewn_over_hyde_st_yeste_54e120441d.JPG?itok=D8G8R07G). NOTE: This isn\'t Castle Street, but a street after the infamous Hyde Street party.\n\nIt\'s worth mentioning that in New Zealand, University has either been free or at the least pretty cheap. Up until 1989, provided you met the entry requirements, your education was free. Nowadays, you can get an interest-free loan from the government to pay, and the entry requirements are very minimal, so it\'s incredibly easy to get in if you just want to spend the year drinking (which many do).\n\nThe drinking antics of Otago\'s unviersity students could probably get it\'s own write up, but all of the above is to say, the University of Otago is old and has plenty of traditions, people fucking LOVE drinking and partying. It\'s a lifestyle here, in such a way that nowhere else is similar, and it\'s hard to understand without witnessing it yourself.\n\n**The rise of the Undie 500**\n\nOn the much, much tamer end of the spectrum is the University of Canterbury. Known for it\'s engineering courses, it was established in 1873, but over time developed a much more academic reputation than its southern counterpart. Even from Google, it is significantly more difficult to find news articles on the "horrors" of an out of control drinking culture. It\'s clear to pretty much everyone that UoO\'s party scene is a main attraction, whereas UC\'s is just an activity you do on the weekends, not a lifestyle.\n\nThat said, with UC only being a few years younger than UoO, UC has it\'s fair share of traditions, although they\'re not nearly as well documented or as well-known as UoOs. One tradition that will go down in history, however, is the Undy 500.\n\nIn 1986, the Engineering Society of Canturbury, a student association at UC, decided to host a hitchhiking race from Christchurch to Dunedin, a 359km (223 miles) drive, with the end goal being to watch the annual Otago Surveyors (UoO has a pretty popular surveying department) vs Canturbury Engineers rugby match. But eventually ENSOC had to go back to the drawing board as ["Not many of them made it".](https://www.critic.co.nz/features/article/8560/remembering-the-undie-500) Unsurprisingly, commuters didn\'t want to have 3-4 heavily drunk students in their vehicles for a nearly 5 hour journey. So the next year, ENSOC decided that they would change the game, and set the foundation for the Undie 500 forever. Students had to purchase a car for under $300 NZD ($191 USD, or $887 NZD/$567 USD adjusted for inflation) and make the journey. Unfortunately this didn\'t worth either, as the cheap cars just broke down. I can imagine many car owners fleeced their shitbox cars to desparate drunken uni students, which lead to 1988. The rules changed. A $500 limit ($319 USD or $1478 NZD/$945 USD adjusted for inflation), and you have to decorate the car. It might sound like a lot, but with 7 or 8 friends you could pick up a decent car and decorate it pretty well for your very crammed journey. Fun fact: Apparently the car decorating stemmed from people picking up road signs and street name signs on their journeys.\n\nAnd so they set off on the first inaugural trip of the Undie 500 (Get the name now? Hint: Under 500), often pronounced as "Undie Five Hundy". In it\'s first real iteration, there were only about 12 or so cars, each high-performance steed filled to the brim with drunk and excited students. As the race progressed and convoy members inevitably broke down, some cars ended up with "like 14 people in the car". Over the following years, the event grew and grew and experienced success after success as an event, [with](https://www.odt.co.nz/sites/default/files/styles/odt_story_slideshow/public/slideshow/node-73741/2016/04/undie_500_designs_through_the_years___1102066724.JPG?itok=mlYZ_Pm1) some [pretty](https://www.odt.co.nz/sites/default/files/styles/odt_story_slideshow/public/slideshow/node-73741/2016/04/tradition_cars_the_rip_roaring_good_time_1853980155.JPG?itok=bmhQr-fr) well [decorated](https://www.odt.co.nz/sites/default/files/styles/odt_story_slideshow/public/slideshow/node-73741/2016/04/tradition_cars_the_rip_roaring_good_time_1408348325.JPG?itok=b-9z_AP1) cars as well. But things would soon change.\n\n\n\n**Things start going downhill**\n\n\nIn 2006, as Castle Street\'s culture really began to form, the Undie 500 participants started to typically end up there. There were multiple factors that would turn this into a perfect storm for general debauchery.\n\n1. The Undie 500 participants were already drunk and ready to party after a 5 hour car trip. There was no need to catch up\n2. The amount of people on Castle Street would easily double, if not triple, once the Undie 500 arrived\n3. Once the Undie 500 people arrived pretty drunk, Castle Street partiers felt the need to catch up, resulting in an arms race and everyone just getting absolutely fucked\n4. The Undie 500 had become less about the journey, but more about the destination, because Castle Street was just such an awesome experience. The goal wasn\'t nessesarily to have a fun drive down with your mates, it was to experience a weekend of getting pissed with strangers in a city and flat you have no attachment to. The threat of consequences just isn\'t the same when it\'s not your property.\n\nI\'m not really certain if it was something specific in 2006 that set people off, but it was always going to happen as our drinking culture changed to become more focused on the drinking than the fun.\n\nThe event went pretty normally during the day. The students made their attempts, several cars were abandoned, but the drive went off without incident. Undie 500 participants had their fun in Dunedin, doing things like [driving their bald-tired and bad-braked vehicles down the steepest street in the world](https://www.youtube.com/watch?v=kYxsKxUHHP0) and just [generally having a fun time drinking in the sun with their friends and their funny-looking cars.\n](https://www.youtube.com/wa...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin traded little changed Monday morning in Asia, holding above a four-month high of US$22,000 amid a broader rally over the weekend, helped by comments from a U.S. Federal Reserve official backing a smaller interest rate increase at the central bank’s meeting at the end of this month. Ether was also little changed in a mixed morning for the top 10 non-stablecoin cryptocurrencies. Dogecoin led gains, while Solana posted the biggest loss.\nSee related article:Crypto is second most owned asset class for women after cash: report\n• Bitcoin traded 0.2% lower at US$22,722 in the 24 hours to 8 a.m. in Hong Kong, bringing gains in the past calendar week to 8.8%. The world’s largest cryptocurrency reached a four-month high of US$23,278 on Saturday morning and is now trading above where it was before the market-wide slump that followed the collapse of Bahamas-based crypto exchange FTX.com.\n• Ether gained 0.1% to US$1,628, a rise of 4.9% for the week., according todata from CoinMarketCap.\n• Dogecoin rose 4.2% to US$0.08, a gain of 2.5% for the week. The world’s leading memecoin reached US$0.09 overnight to a five-week high.\n• Solana fell 1.6% to trade at US$24.24, but held gains of 5.9% for the past week. The token’s gains over the weekend saw it climb several places on CoinMarketCap’s list of biggest cryptocurrencies by market capitalization and is now in slot 10.\n• The total crypto market capitalization over the 24 hours dipped 1.6% to US$1.03 trillion, while trading volume fell 16.1 % to US$52.8 billion. The total crypto market cap reached US$1.05 trillion on Saturday, the highest since early November, or just before the collapse of FTX.\n• U.S. equities rose on Friday. The Dow Jones Industrial Average gained 1%, the S&P 500 Index jumped 1.9% and the Nasdaq Composite Index closed up 2.7% to post a weekly gain of 0.6% in its third consecutive week of gains.\n• The Nasdaq was helped by the strongperformance from Netflix Inc. which jumped 8.5% to US$ 342.50 off the back of better-than-expected subscriber numbers. Alphabet Inc., the parent company of search engineGoogle, rose5.3% to US$98.02 after it announced it was laying off roughly 12,000 staff, or about 6% of its workforce.\n• U.S. Federal Reserve Governor Christopher Waller said that based on recent economic data he supported raising interest rates by only 25 basis points at the central bank’s next meeting, in comments prepared for delivery at the Council on Foreign Relations in New York on Friday.\n• Last month, the Fed raised interest rates by 50-basis points to between 4.25% and 4.5%, the highest in 15 years. The Fed is next scheduled to meet on Jan. 31 – Feb. 1, where analysts from CME Group predict a 99.8% chance of a raise of 25 basis points.\n• Other major U.S. earnings reports this week include Tesla, Microsoft and Visa. Federal Reserve members will be in a so-called blackout period before they meet to decide the next move on interest rates at the end of the month. Other U.S. economic indicators coming this week that may influence that decision include durable goods orders and consumer sentiment.\nSee related article:Crypto lender Nexo to pay US$45 mln to settle U.S. SEC charges', 'Bitcoin traded little changed Monday morning in Asia, holding above a four-month high of US$22,000 amid a broader rally over the weekend, helped by comments from a U.S. Federal Reserve official backing a smaller interest rate increase at the central bank’s meeting at the end of this month. Ether was also little changed in a mixed morning for the top 10 non-stablecoin cryptocurrencies. Dogecoin led gains, while Solana posted the biggest loss. See related article: Crypto is second most owned asset class for women after cash: report Fast facts Bitcoin traded 0.2% lower at US$22,722 in the 24 hours to 8 a.m. in Hong Kong, bringing gains in the past calendar week to 8.8%. The world’s largest cryptocurrency reached a four-month high of US$23,278 on Saturday morning and is now trading above where it was before the market-wide slump that followed the collapse of Bahamas-based crypto exchange FTX.com. Ether gained 0.1% to US$1,628, a rise of 4.9% for the week., according to data from CoinMarketCap . Dogecoin rose 4.2% to US$0.08, a gain of 2.5% for the week. The world’s leading memecoin reached US$0.09 overnight to a five-week high. Solana fell 1.6% to trade at US$24.24, but held gains of 5.9% for the past week. The token’s gains over the weekend saw it climb several places on CoinMarketCap’s list of biggest cryptocurrencies by market capitalization and is now in slot 10. The total crypto market capitalization over the 24 hours dipped 1.6% to US$1.03 trillion, while trading volume fell 16.1 % to US$52.8 billion. The total crypto market cap reached US$1.05 trillion on Saturday, the highest since early November, or just before the collapse of FTX. U.S. equities rose on Friday. The Dow Jones Industrial Average gained 1%, the S&P 500 Index jumped 1.9% and the Nasdaq Composite Index closed up 2.7% to post a weekly gain of 0.6% in its third consecutive week of gains. The Nasdaq was helped by the strong performance from Netflix Inc . which jumped 8.5% to US$ 342.50 off the back of better-than-expected subscriber numbers. Alphabet Inc., the parent company of search engine Google, rose 5.3% to US$98.02 after it announced it was laying off roughly 12,000 staff, or about 6% of its workforce. U.S. Federal Reserve Governor Christopher Waller said that based on recent economic data he supported raising interest rates by only 25 basis points at the central bank’s next meeting, in comments prepared for delivery at the Council on Foreign Relations in New York on Friday. Last month, the Fed raised interest rates by 50-basis points to between 4.25% and 4.5%, the highest in 15 years. The Fed is next scheduled to meet on Jan. 31 – Feb. 1, where analysts from CME Group predict a 99.8% chance of a raise of 25 basis points. Other major U.S. earnings reports this week include Tesla, Microsoft and Visa. Federal Reserve members will be in a so-called blackout period before they meet to decide the next move on interest rates at the end of the month. Other U.S. economic indicators coming this week that may influence that decision include durable goods orders and consumer sentiment. See related article: Crypto lender Nexo to pay US$45 mln to settle U.S. SEC charges View comments', 'Bitcoin traded little changed Monday morning in Asia, holding above a four-month high of US$22,000 amid a broader rally over the weekend, helped by comments from a U.S. Federal Reserve official backing a smaller interest rate increase at the central bank’s meeting at the end of this month. Ether was also little changed in a mixed morning for the top 10 non-stablecoin cryptocurrencies. Dogecoin led gains, while Solana posted the biggest loss.\nSee related article:Crypto is second most owned asset class for women after cash: report\n• Bitcoin traded 0.2% lower at US$22,722 in the 24 hours to 8 a.m. in Hong Kong, bringing gains in the past calendar week to 8.8%. The world’s largest cryptocurrency reached a four-month high of US$23,278 on Saturday morning and is now trading above where it was before the market-wide slump that followed the collapse of Bahamas-based crypto exchange FTX.com.\n• Ether gained 0.1% to US$1,628, a rise of 4.9% for the week., according todata from CoinMarketCap.\n• Dogecoin rose 4.2% to US$0.08, a gain of 2.5% for the week. The world’s leading memecoin reached US$0.09 overnight to a five-week high.\n• Solana fell 1.6% to trade at US$24.24, but held gains of 5.9% for the past week. The token’s gains over the weekend saw it climb several places on CoinMarketCap’s list of biggest cryptocurrencies by market capitalization and is now in slot 10.\n• The total crypto market capitalization over the 24 hours dipped 1.6% to US$1.03 trillion, while trading volume fell 16.1 % to US$52.8 billion. The total crypto market cap reached US$1.05 trillion on Saturday, the highest since early November, or just before the collapse of FTX.\n• U.S. equities rose on Friday. The Dow Jones Industrial Average gained 1%, the S&P 500 Index jumped 1.9% and the Nasdaq Composite Index closed up 2.7% to post a weekly gain of 0.6% in its third consecutive week of gains.\n• The Nasdaq was helped by the strongperformance from Netflix Inc. which jumped 8.5% to US$ 342.50 off the back of better-than-expected subscriber numbers. Alphabet Inc., the parent company of search engineGoogle, rose5.3% to US$98.02 after it announced it was laying off roughly 12,000 staff, or about 6% of its workforce.\n• U.S. Federal Reserve Governor Christopher Waller said that based on recent economic data he supported raising interest rates by only 25 basis points at the central bank’s next meeting, in comments prepared for delivery at the Council on Foreign Relations in New York on Friday.\n• Last month, the Fed raised interest rates by 50-basis points to between 4.25% and 4.5%, the highest in 15 years. The Fed is next scheduled to meet on Jan. 31 – Feb. 1, where analysts from CME Group predict a 99.8% chance of a raise of 25 basis points.\n• Other major U.S. earnings reports this week include Tesla, Microsoft and Visa. Federal Reserve members will be in a so-called blackout period before they meet to decide the next move on interest rates at the end of the month. Other U.S. economic indicators coming this week that may influence that decision include durable goods orders and consumer sentiment.\nSee related article:Crypto lender Nexo to pay US$45 mln to settle U.S. SEC charges', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin continued its 2023 surge, jumping past $23,000 for the first time since August before retreating to trade at about $22,750.\nInsights:Microsoft effectively exited the metaverse. Will Apple succeed where other large tech firms have struggled in the space?\nCoinDesk Market Index (CMI)\n1,083.23\n+7.3▲0.7%\nBitcoin (BTC)\n$22,757\n−20.1▼0.1
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-01-23
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $439,093,625,450
- Hash Rate: 295243790.7009466
- Transaction Count: 293709.0
- Unique Addresses: 651866.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.50
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: IRIS ENERGY LIMITED Figure 1 Childress – aerial view of completed foundations and erection of structural steel for the first data center building (20MW) Figure 2 Childress – aerial view of the construction of the 600MW substation and first data center building (20MW) Figure 3 Canal Flats – Windermere Valley Saddle Club awards ceremony Daily average operating hashrate chart Daily average operating hashrate chart Strategic update – “Everything changes, everything remains the same” Mackenzie 30MW infrastructure expansion energized ahead of schedule SYDNEY, Australia, Dec. 13, 2022 (GLOBE NEWSWIRE) -- Iris Energy Limited (NASDAQ: IREN) (“Iris Energy” or “the Company”), a leading owner and operator of institutional-grade, highly efficient proprietary Bitcoin mining data centers powered by 100% renewable energy, today published a monthly investor update for November 2022, containing its results from operations as well as construction and development updates. Key Highlights 1 Key metrics 2 Nov-22 Average operating hashrate (PH/s) 1,445 Bitcoin mined 151 Mining revenue (US$’000) 2,871 Electricity costs (US$’000) 1,905 Revenue per Bitcoin (US$) 18,955 Electricity costs per Bitcoin (US$) 12,581 (10,168 adj) 3 Corporate: On December 6, the Company provided an investor update – “Everything changes, everything remains the same” – in respect of its positioning, go-forward opportunities, and strategic priorities Risk-focused approach positions the Company to weather the storm and capitalize on the next bull run Liquidity (as of month end) $47 million cash, no debt 4 $21 million estimated net capex spend to achieve 180MW 5 $75 million remaining Bitmain prepayments $100 million unutilized under B. Riley equity facility 6 Potential monetization of assets through miner sales (2.4 EH/s down to 2.0 EH/s 7 ) Opportunities Significant optionality from 180MW real assets platform (e.g. self-mining or hosting) Focus on expanding self-mining capacity to 5.4 EH/s Potential additional expansion from 20MW to 600MW at Childress On November 21, the Company also provided a corporate update and announced certain preliminary financial information and operational updates for Q1 FY23 and October 2022 Operations (for the month of November 2022): Average operating hashrate of 1,445 PH/s (-63% vs. October) 8 Monthly operating revenue of $2.9 million (-67% vs. October) 151 Bitcoin mined (-66% vs. October) Story continues The reduction in operating metrics (vs. October) primarily reflects termination of hosting arrangements during the month in connection with certain of the Group’s limited recourse equipment financing facilities following receipt of an acceleration notice from the relevant lender under such facilities 9 Construction: Mackenzie (80MW – BC, Canada) Expansion from 50MW to 80MW energized on December 6, 2022, three weeks ahead of schedule Internal data center fit-out complete for the additional 30MW Childress (20MW – Texas, USA) Foundations and earthworks for the substation and first data center building (20MW) complete Structural steel for the first data center building (20MW) erected Substation area prepared for upcoming delivery and installation of the 600MW transformer and main power transformers Corporate update Strategic update On December 6, the Company provided an investor update – “Everything changes, everything remains the same” – in respect of its positioning, go-forward opportunities, and strategic priorities. Key takeaways included: Risk-focused approach positions the Company to weather the storm and capitalize on the next bull run Liquidity (as of month end) $47 million cash, no debt 4 $21 million estimated net capex spend to achieve 180MW 5 $75 million remaining Bitmain prepayments $100 million unutilized under B. Riley equity facility 6 Potential monetization of assets through miner sales (2.4 EH/s down to 2.0 EH/s 7 ) Opportunities Significant optionality from 180MW real assets platform (e.g. self-mining or hosting) Focus on expanding self-mining capacity to 5.4 EH/s Potential additional expansion from 20MW to 600MW at Childress The webcast and the Company’s latest investor presentation are available on the Company’s website here: https://investors.irisenergy.co/events-and-presentations Corporate, financial and operational updates On November 21, the Company provided a corporate update and announced certain preliminary financial information and operational updates for the three months ended September 30, 2022, as well as certain additional preliminary financial information with respect to the month of October 2022. The update can be accessed via the following link: https://investors.irisenergy.co/node/7706/html Canal Flats update (0.8 EH/s, 30MW) – BC, Canada Canal Flats has been powered by 100% renewable energy since inception 10 . The project achieved average monthly operating hashrate of 570 PH/s in November (0.8 EH/s of capacity) 11 . Mackenzie update (2.5 EH/s, 80MW) – BC, Canada Mackenzie has been powered by 100% renewable energy since inception 10 . The project achieved average monthly operating hashrate of 268 PH/s in November (2.5 EH/s of capacity) 1 1 . Expansion from 50MW to 80MW was energized on December 6, 2022, three weeks ahead of schedule, and will utilize the remaining 10MW of the third data center building (20MW) and a fourth data center building (20MW) with both internal fit-outs complete. Prince George update (1.4 EH/s, 50MW) – BC, Canada Prince George has been powered by 100% renewable energy since inception 10 . The project achieved average monthly operating hashrate of 607 PH/s in November (1.4 EH/s of capacity) 1 1 . Childress update (0.7 EH/s, 20MW) – Texas, USA Foundations and earthworks for the substation were completed during the month. Structural steel for the first data center building (20MW) was erected as earthworks, and the substation area is prepared for the upcoming delivery and installation of the 600MW transformer and main power transformers. Key civil, data center building, substation, and electrical contractors continue to progress construction activities and are being managed by a core group of Iris Energy employees based in Childress. Approximately $18 million in previous deposits with AEP Texas are expected to be refunded following energization at Childress. Community engagement In November 2022, Iris Energy sponsored the Windermere Valley Saddle Club, a non-profit horse club that aims to encourage and educate the youth of the Canal Flats Valley about horsemanship. In Mackenzie, Iris Energy team members honoured those who have served by laying a wreath in the Remembrance Day ceremony . Future development sites Development works continued across additional sites in Canada, the USA and Asia-Pacific, which have the potential to support up to an additional >1GW of aggregate power capacity capable of powering growth beyond the Company’s 795MW of announced power capacity. Operating and financial results Daily average operating hashrate chart is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a6fd0c6a-86ce-4529-b3d8-d5eaeb2b997c Technical commentary The Company’s average operating hashrate was 1,445 PH/s in November 2022 (compared to 3,899 PH/s in October 8 ), with the decrease primarily attributable to the termination of hosting arrangements during the month in connection with certain of the Company’s limited recourse equipment financing facilities as described above 9 . The corresponding decrease in Bitcoin mined (151 vs. 448 in October) and electricity costs ($1.9 million vs. $4.2 million in October 8 ) were also primarily attributable to the termination of these hosting arrangements. The energization of the 30MW expansion at Mackenzie ahead of schedule, increases the Company’s total available data center capacity to 160MW, capable of powering approximately 4.7 EH/s of miners (via self-mining and/or hosting). The increase in the Company’s unadjusted electricity costs per Bitcoin mined ($12.6k vs. $10.2k adj vs. $9.3k in October 8 ) was primarily driven by excess demand charges attributable to average unutilized power capacity (due to termination of relevant hosting arrangements as described above) as well as the increase in the average difficulty-implied global hashrate during the period. Operating Sep-22 Oct-22 Nov-22 Renewable energy usage (MW) 12 * 84 123 46 Avg operating hashrate (PH/s) 8 * 2,679 3,899 1,445 Financial (unaudited) 2 Sep-22 Oct-22 Nov-22 Bitcoin mined 325 448 151 Mining revenue (US$’000) 6,224 8,785 2,871 Electricity costs (US$’000) 8 * 2,737 4,167 1,905 Revenue per Bitcoin (US$) 19,124 19,591 18,955 Electricity costs per Bitcoin (US$) 8 * 8,410 9,293 12,581 (10,128 adj) 3 * Restated – see section ‘Restatement of prior period metrics’ for further details. Restatement of prior period metrics The Company has refined its methodology for calculating electricity costs and monthly average operating hashrate to align with the respective reported Bitcoin mined each month by one day as a result of time zones and mining pool payout timing. Please see below for the restated average operating hashrate. 2022 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Avg operating hashrate (PH/s) – restated 802 844 849 1,028 1,165 1,164 1,120 2,162 2,679 3,899 1,445 BTC mined – unchanged 126 110 121 137 151 148 154 301 325 448 151* * Under the previous methodology, Bitcoin mined divided by average operating hashrate (1.347 EH/s) would have been ~112 for November (vs. ~105 under the restated methodology). Miner Shipping Schedule* Hardware Units EH/s (incremental) EH/s (cumulative) Operating (as of December 12)** S19j Pro 13 12,042 1.1 1.1 Inventory – in transit and/or pending deployment*** S19j Pro 14 9,223 0.9 0.9 Total 21,265 2.0 2.0 * Excludes ~3.6 EH/s of miners securing equipment financing facilities with two of the Company’s three SPV borrowers in respect of which the Company has received a notice of acceleration from the relevant lender, none of which have been operating ...
- Reddit Posts (Sample): [['u/Odd-Home1094', 'WHERE ARE THE SERVERS THAT MAKE THE BITCOIN BLOCKCHAIN', 28, '2023-01-23 00:32', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/', 'I understand that bitcoin is only "a message stored in a blockchain" that confirms that a certain wallet has "X amount" of it, however, this data needs to be stored somewhere and that\'s my question. Where is that data stored? it doesn\'t make sense to be installed on each computer ( Since there is Billions of transaction already"... Is there some specific servers that run the blockchain?', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/', '10ixrkb', [['u/mihaialexmihaialex', 100, '2023-01-23 00:40', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/j5h56hd/', "they're called nodes. they're spread all over the world. they're people's computers that run bitcoin software and are connected to the bitcoin network. bitcoin nodes validate, broadcast, process and store BTC transactions.", '10ixrkb'], ['u/Pasukaru0', 27, '2023-01-23 00:40', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/j5h5aua/', "One is sitting in my hallway. It's my old macbook pro from 2015, now running ubuntu and bitcoin core + other stuff.\n\nOne of the 'other stuff' is my mempool instance: \n[https://mempool.pasukaru.me/](https://mempool.pasukaru.me/)", '10ixrkb'], ['u/Odd-Home1094', 29, '2023-01-23 00:58', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/j5h7sq8/', 'So your Macbook is storing all the data about all the transactions since the first one and is currently storing all the millions of transactions that are occurring at the moment?', '10ixrkb'], ['u/Pasukaru0', 18, '2023-01-23 01:01', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/j5h86yf/', "For bitcoin, yes. But it's not millions of transactions 'at the moment'. It's a couple thousand (max 4mb) every 10 minutes. Which currently amounts to 520 something GB of data from the last 13 years. \n\n\nThat's the power of bitcoin. Anyone can run a node!", '10ixrkb'], ['u/mihaialexmihaialex', 89, '2023-01-23 01:03', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/j5h8j0v/', "it's called blockchain and at the moment it has around 500GB and counting", '10ixrkb'], ['u/looneytones8', 49, '2023-01-23 01:07', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/j5h92pw/', "Yes. The Bitcoin blockchain in its entirety is only about 500gb. Pruned it's even less. It's one of the reasons Bitcoin is the most decentralized blockchain, anyone can run a node on their computer.", '10ixrkb'], ['u/Flat4Power4Life', 11, '2023-01-23 02:19', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/j5hjkmi/', 'We are Satoshi', '10ixrkb'], ['u/igadjeed', 17, '2023-01-23 03:06', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/j5hq8ut/', "> it doesn't make sense to be installed on each computer\n\nWhat an assumption. Reverse it. Read \nhttps://bitcoin.org/bitcoin.pdf \n\nYes, the entire blockchain really is stored on every computer", '10ixrkb'], ['u/Abundance144', 28, '2023-01-23 03:36', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/j5huhsf/', 'The limited "speed" of Bitcoin transactions is intention for this reason; so anyone with minimal hardware can run a complete copy of Bitcoin from anywhere with an internet connection.', '10ixrkb'], ['u/HitMePat', 35, '2023-01-23 03:37', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/j5hupds/', "It isn't terrabytes yet. It only grows at like 250mB per day. Bandwidth and storage scale way faster than the Bitcoin Blockchain grows so it'll always be reasonably affordable for many people to run nodes.", '10ixrkb'], ['u/grndslm', 26, '2023-01-23 04:53', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/j5i4qkl/', 'The limited "function" is by design, as well. Smart contracts are best kept separate from the monetary layer.\n\nThe layered approach is definitely an underrated aspect of Bitcoin development. From the ground up, it\'s designed from a matter of first principles.', '10ixrkb'], ['u/Wonderingbye', 14, '2023-01-23 04:55', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/j5i4vyb/', 'This is exactly why the forks of bitcoin exist. Bitcoin chose to keep the block size small so that almost anyone can run their own node on their home computer', '10ixrkb'], ['u/redrocketman74', 11, '2023-01-23 05:51', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/j5ibbt1/', 'It literally just says the word "Error"?', '10ixrkb'], ['u/Bitcoin_Maximalist', 10, '2023-01-23 09:12', 'https://www.reddit.com/r/Bitcoin/comments/10ixrkb/where_are_the_servers_that_make_the_bitcoin/j5isufv/', '> bitcoin nodes validate, broadcast, process and store BTC transactions.\n\nbut nodes don´t "build" the blockchain, Miners do (which run nodes too) :)', '10ixrkb']]], ['u/brockm92', 'Why are the majority of top news media sites publishing negative articles regarding crypto?', 13, '2023-01-23 04:33', 'https://www.reddit.com/r/CryptoCurrency/comments/10j2p7t/why_are_the_majority_of_top_news_media_sites/', 'I understand the negative things that have impacted crypto and its reputation such as FTX and the recent arrest of Anatoly Legkodymov, but it\'s like two different realities at the moment. As I watch crypto start to rebound (all signs point to it not being a dead cat bounce) I see articles with titles such as "The Crypto Collapse Continues" or "Bitcoin is Doomed"... and constant reporting on every negative thing that happens in the industry, which I understand there is plenty of. But there is a lot of positive as well and I see very little reporting on it from the larger media networks. Why?', 'https://www.reddit.com/r/CryptoCurrency/comments/10j2p7t/why_are_the_majority_of_top_news_media_sites/', '10j2p7t', [['u/zoomercoomer9000', 14, '2023-01-23 04:44', 'https://www.reddit.com/r/CryptoCurrency/comments/10j2p7t/why_are_the_majority_of_top_news_media_sites/j5i3k39/', "The irony is they misrepresent those crimes as being unique to cryptocurrency, but in most cases you'll find it is the same fraud that occurs with traditional finance.", '10j2p7t']]], ['u/Independent_Map6829', 'We live in a crazy world where you can buy real money with fake money', 119, '2023-01-23 05:37', 'https://www.reddit.com/r/Bitcoin/comments/10j3x6v/we_live_in_a_crazy_world_where_you_can_buy_real/', 'Take advantage while you still have the privilege to buy bitcoin with FIAT (aka toilet paper)', 'https://www.reddit.com/r/Bitcoin/comments/10j3x6v/we_live_in_a_crazy_world_where_you_can_buy_real/', '10j3x6v', [['u/shillyshally', 52, '2023-01-23 05:52', 'https://www.reddit.com/r/Bitcoin/comments/10j3x6v/we_live_in_a_crazy_world_where_you_can_buy_real/j5ibg36/', 'All money is made up.', '10j3x6v'], ['u/Successful_Screen563', 29, '2023-01-23 09:16', 'https://www.reddit.com/r/Bitcoin/comments/10j3x6v/we_live_in_a_crazy_world_where_you_can_buy_real/j5it57l/', 'We still decided on the idea that gold will serve as money.', '10j3x6v'], ['u/Apprehensive_Loan776', 55, '2023-01-23 10:25', 'https://www.reddit.com/r/Bitcoin/comments/10j3x6v/we_live_in_a_crazy_world_where_you_can_buy_real/j5iy1xk/', 'Problem is my bank only accepts fake money, so I have to sell my real money for fake money to pay them interest on their fake money so I can keep my real property.', '10j3x6v'], ['u/Raju_Patel', 10, '2023-01-23 13:33', 'https://www.reddit.com/r/Bitcoin/comments/10j3x6v/we_live_in_a_crazy_world_where_you_can_buy_real/j5jcnoi/', "It's like we're in a gold rush, but we all have easy access to the gold and you just have to decide to buy and hold it.", '10j3x6v'], ['u/Raju_Patel', 10, '2023-01-23 15:40', 'https://www.reddit.com/r/Bitcoin/comments/10j3x6v/we_live_in_a_crazy_world_where_you_can_buy_real/j5jrglz/', 'And if Bitcoin it is the "gold" almost all of these Alt coins are the fool\'s gold. Some may prove worthy to be the Silver, Platinum, Copper, palladium, etc ... but it\'s too early to tell\n\nEdit: I might even argue Bitcoin is Silver bcos both are highly useful (silver is more industrial than gold) , scare (silver is an endangered element), and undervalued (silver is manipulated with paper silver), but all the same it\'s worth holding.', '10j3x6v'], ['u/collect_my_corpse', 12, '2023-01-23 16:10', 'https://www.reddit.com/r/Bitcoin/comments/10j3x6v/we_live_in_a_crazy_world_where_you_can_buy_real/j5jvp5i/', 'I’ll be happy to take on any “toilet paper” fiat you guys are dumping. I mean that shit is worthless, I’ll take it off your hands. You don’t have to do anything. Just give it to me. See I’m a bit of a hoarder and I like to stockpile worthless things like fiat. So help me build my worthless “toilet paper” fiat garbage dumps.', '10j3x6v'], ['u/void_evilness', 10, '2023-01-23 19:57', 'https://www.reddit.com/r/Bitcoin/comments/10j3x6v/we_live_in_a_crazy_world_where_you_can_buy_real/j5kvd7j/', 'I love bitcoin and everything it stands for, but money is not fake.. the system is flawed and predatory but it is far from being unreal or useless.', '10j3x6v']]], ['u/AutoModerator', '[Daily Discussion] - Monday, January 23, 2023', 40, '2023-01-23 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/10j4cgj/daily_discussion_monday_january_23_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions th...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Years after the devastating coronavirus pandemic capsized global economies, China finally made the decision toreopen its economy, thus presenting possible opportunities in cheap Chinese stocks to buy. For the longest time, Beijing imposed a strict zero-Covid policy, which arguably helped control the spread of SARS-CoV-2. At the same time, however, the measure risked ruining the world’s second-largest economy.\nMoving forward, financial experts insist that investors tread carefully. Although the return of free commerce may be a welcome sight, itcould spark inflation. Indeed, the U.S. set the precedent. Although policymakers agreed to distribute stimulus checks, inflation didn’t become onerous untilmoney velocityaccelerated in 2022.\nIt’s possible, then, that a similar situation can materialize in China. Therefore, it’s important to consider viable andcheapChinese stocks to buy. Below are the top names to consider.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\n[{"VIPS": "NOAH", "Vipshop": "Noah Holdings", "$14.86": "$17.63"}, {"VIPS": "NTES", "Vipshop": "NetEase", "$14.86": "$90.28"}, {"VIPS": "ATHM", "Vipshop": "Autohome", "$14.86": "$36.77"}, {"VIPS": "MOMO", "Vipshop": "Hello Group", "$14.86": "$10.28"}, {"VIPS": "DQ", "Vipshop": "Daqo New Energy", "$14.86": "$47.91"}, {"VIPS": "FINV", "Vipshop": "FinVolution", "$14.86": "$5.40"}]\nSource: Shutterstock\nOperating the e-commerce website VIP.com,Vipshop(NYSE:VIPS) specializes in online discount sales. Therefore, the company combines two elements which China’s consumers likely seek right now: products to buy and great prices to go alongside them. Indeed, investors recognize the long-term opportunity, with VIPS gaining a remarkable 73% in the trailing year.\nGranted, with such a stratospheric performance, many prospective investors may be worried about holding the bag. However, VIPS represents one of the cheap Chinese stocks to buy on an objective basis. Currently, the market prices shares at12.1-times trailing earnings, below the sector median of 15.8 times. Moreover, VIPS trades hands at 8.5-times forward earnings, well below the sector median of 15.3 times.\nJust as well, Wall Street analysts appreciate Vipshop, assigning VIPS aconsensus moderate buy view. Along with strong stability in the balance sheet and a profitable business, VIPS still ranks among the cheap Chinese stocks to buy despite its recent upside.\nSource: My Life Graphic / Shutterstock.com\nFrom a narrative standpoint,Noah Holdings(NYSE:NOAH) may represent the riskiest name among cheap Chinese stocks to buy. I just want to be upfront about this before wasting anyone’s time.Per its website, Noah is a leading wealth and asset management service provider in China with a focus on high net worth individuals.\nOrdinarily, this would be a great business in a bull market – something that we saw post-spring 2020 doldrums. However, in a bear market, circumstances don’t exactly favor the wealth management industry. Nevertheless, Noah hires some of the best analysts and advisors in the business. If anyone’s going to guide Chinese investors, it would be an enterprise like Noah.\nGranted, this storyline alone might not be enough to convince investors to take a shot. That said, the market prices NOAH at ahair over 8-times trailing earnings. This slips below the sector median of 11.5 times. Thus, from an objective view, NOAH is one of the cheap Chinese stocks to buy.\nSource: Shutterstock\nAn Internet technology firm,NetEase(NASDAQ:NTES) develops and operates online PC and mobile games, advertising services, email services and e-commerce platforms. As China’s economy reopens and as the commercial bloodline flows freely again, NetEase should enjoy a relevancy boost. In particular, the company’s video game segment may be a hit, drawing attention as one of the cheap Chinese stocks to buy.\nAccording toReuters, “China’s end to a sweeping crackdown on its video games market is expected to breathe life back into the battered industry this year…” One of the beneficiaries of thereduced draconian measurescould be NetEase. Although NTES gave up 6.5% of equity value in the trailing year, shares stormed back in the year so far. Since the January opener, NTES gained 16.5%.\nDespite the recent rise, Gurufocus.com labels NTES asmodestly undervalued. On an objective basis, NetEase’s price-to-discounted cash flow (DCF) on an earnings basis is 0.67 times. In contrast, the sector median stands at 1.41 times. Therefore, it’s a worthwhile candidate for cheap Chinese stocks to buy.\nSource: lumen-digital / Shutterstock.com\nOn surface level,Autohome(NYSE:ATHM) wouldn’t seem to qualify as one of the cheap Chinese stocks to buy. Billed as the leading online destination for automobile consumers in China, Autohome provides extensive auto-related information listing services, helping prospective car buyers make the right decision. Of course, the problem is that with various challenges in the global economy, now might not be a good time to buy a car, in China or anywhere else.\nWhile Autohome presents understandable concerns, it’s also important to recognize mechanical realities. As theWall Street Journalpointed out back home, the average age of vehicles on U.S. roadways reached a record 12.2 years. Therefore, when vehicles break down, they might need to be replaced. A similar circumstance may impact China’s automotive market.\nTo state differently, it may be the car, not the consumer that dictates the purchasing decision. Notably, Autohome features zero debt on its books. Moreover, it’s a highly profitable enterprise. Therefore, the company’sforward multiple of 13 is attractive, considering the sector median of 17.1 times.\nSource: Dean Drobot/Shutterstock.com\nFrom a longer-term perspective, social connection platformHello Group(NASDAQ:MOMO) presents a risky profile. In the trailing five years, MOMO stock dropped 66% of equity value. And in the trailing year, shares looked like they were about to implode. However, a recent resurgence brought some interest back in the underlying company. In fact, in the past half-year period, MOMO gained nearly 129%.\nAs China reopens, Hello Group may benefit from an obvious social catalyst: the need for humans to connect with each other. According to a Pew Research Center report, during the Covid-19 pandemic, four-in-ten U.S. adultssuffered from loneliness(and its consequences). Before you say that this report covers the U.S., I highly doubt that the Chinese are exempt.\nHumans are humans. We need each other and this sentiment cuts across all national and cultural barriers.\xa0Bolstering the bull case for MOMO, shares enjoy an objectively undervalued profile. Currently, the market prices MOMO at aforward multiple of 7.2. This ranks well below the sector median of 17 times. Thus, it’s one of the cheap Chinese stocks to buy.\nSource: Fit Ztudio / Shutterstock\nOn paper,Daqo New Energy(NYSE:DQ) represents one of the riskiest names among cheap Chinese stocks to buy. Sure, the company commands incredible relevancies. As a manufacturer of monocrystalline silicon and polysilicon – primarily for use in solar photovoltaic systems – Daqo should enjoy a large total addressable market. However, it also seems as if therenewable energy narrativeran out of steam.\nIn other words, with so many investors piling into the obvious trade back last year (fueled by geopolitical rumblings), many find themselves leery about holding the bag. Hence, several solar-related enterprises suffered a pullback. It’s possible that market participants may be feeling the same about Daqo. In the trailing year, DQ gained almost 22%. Notably, Gurufocus.com warns that DQ may be apossible value trap.\nAt the same time, analysts rate DQ as amoderate buy. Further, their average price target implies over 38% upside potential. Even better, Daqo features a forward multiple of 2.45, well below the sector median of 18.6 times. Thus, for risk takers, DQ may be one of the cheap Chinese stocks to buy.\nSource: Wright Studio / Shutterstock.com\nAlthough the financial technology (fintech) segment commands potentially extraordinary relevance, it’s also produced its fair share of stinkers. From a long-term perspective, it’s difficult to ignore the red ink inFinVolution(NYSE:FINV). Billed as a leading fintech platform in China connecting underserved borrowers with financial institutions, FinVolution offers a compelling narrative. Unfortunately, its lifetime return of 59% below parity raises doubts.\nStill, if you’re willing to overlook present challenges, FinVolution could be intriguing amid China’s reopening. With commercial activity poised to return to normal volumes, the company may enjoy a burst of relevance. Further, FINV benefits from strong market momentum. In the trailing year, it gained nearly 29%. And since the January opener, it popped up over 6%.\nAs it relates to cheap Chinese stocks to buy, Wall Street prices FINV at just under 4-times forward earnings. In contrast, the sector median stands at 7.73 times. Just as well, FinVolution features a strong cash-to-debt ratio and an excellent long-term growth trend. Plus, it commands a return on equity of 21.6%, signifying extremely high business quality.\nOn the date of publication, Josh Enomotodid not have (either directly or indirectly) any positions in the securities mentioned in this article.The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.\nA former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare.\n• Buy This $5 Stock BEFORE This Apple Project Goes Live\n• The Best $1 Investment You Can Make Today\n• It doesn’t matter if you have $500 or $5 m
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-01-24
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $440,363,620,462
- Hash Rate: 241053474.686216
- Transaction Count: 292970.0
- Unique Addresses: 660507.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.52
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Wall Street was mixed last week due to tepid earnings and moderate interest rate backdrop. The S&P 500, the Dow Jones and the Russell 2000 lost about 0.7%, 2.7% and 1%, respectively last week. However, the tech-heavy Nasdaq Composite was 0.6%. As far as the benchmark U.S. treasury yield is concerned, the week started at 3.49% (hit a weekly high and low of 3.53% and 3.37%, respectively) and ended at 3.48%. Growth stocks staged a comeback on chances of lower bond yields. The yields occasionally fell because U.S. producer prices dropped in December by the maximum since the start of the pandemic, continuing a months-long cooling in inflationary pressures and giving the Federal Reserve a leeway to slow the pace of interest-rate hikes. Retail sales, too, came in soft. Sales in the United States fell 1.1% sequentially in December 2022, following an upwardly revised 1% decline in November and worse than forecasts of a 0.8% fall. Year-over-year, retail sales grew 9.2% (read: ETFs & Stocks to Win Despite a Soft December Retail Sales). However, banking earnings were not satisfactory. The fourth quarter earnings season for the S&P 500 is not off to a great start. To date, the number and magnitude of positive earnings surprises reported by S&P 500 companies are below their 5-year and 10-year averages, per FactSet. Against this backdrop, below we highlight a few top-performing ETF areas that gained the most last week. Cryptocurrency ProShares Bitcoin Strategy ETF BITO – Up 14.7% VanEck Bitcoin Strategy ETF XBTF – Up 14.5% Bitcoin surged last week amid optimism that it may have bottomed. Talks that inflation has peaked and will exhibit a downtrend in 2023 are doing rounds. This has bolstered risk-on trade sentiments and favored the beaten-down asset cryptocurrency. Turkey iShares MSCI Turkey ETF TUR – Up 10.1% The Borsa Istanbul 100 index traded around 5440 in the second half of January, close to record high levels of last year, as investors kept using equities as a hedge against high inflation and a weak lira, and Turkish residents sought assets to store their savings, per tradingeconomics. The central bank of Turkey held its interest rate fixed at 9% for a second time in January, signifying the end of its rate-cutting cycle. Story continues Clean Energy KraneShares European Carbon Allowance Strategy ETF KEUA – Up 6.9% The underlying IHS Markit Carbon EUA Index tracks the most traded EUA futures contracts. Corporations and countries alike have recently joined in a climate initiative to shift to a decarbonized economy, helped by governments and demand from environmentally conscious consumers. In addition to investing in renewable energies and carbon capture technologies, some companies use carbon offsets. Another way for companies to manage their carbon footprint is to buy and sell emission allowances. In the cap-and-trade system, a government sets a limit on overall emissions, which is tightened over time. Big carbon emitters need to buy these pollution permits to stay under regularity caps. Internet Ark Next Generation Internet ETF ARKW – Up 5.5% As rates dived occasionally last week, growth stocks gained. Internet stocks were heavily beaten-down last year but bucked the losing trend to start 2023 as these perform better in a low-rate environment. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ARK Next Generation Internet ETF (ARKW): ETF Research Reports iShares MSCI Turkey ETF (TUR): ETF Research Reports KraneShares European Carbon Allowance Strategy ETF (KEUA): ETF Research Reports ProShares Bitcoin Strategy ETF (BITO): ETF Research Reports VanEck Bitcoin Strategy ETF (XBTF): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research...
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Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin technology company Blockstream has raised $125 million to break further into Bitcoin mining—an industry whose top players have been struggling to stay afloat.\nMining is the process by which Bitcoin users are financially incentivized to secure the blockchain. Miners use specialized, energy-intensive hardware to construct Bitcoin’s next block, for which they are rewarded with a fixed amount of Bitcoin—6.25 BTC as of this writing.\nAs Bitcoin’s market value decreases, so does the dollar-denominated revenues available to miners, thus weeding all but the most cost-efficient players out of the market. After Bitcoin’slatest pumpto $23,000, however, the average miner is once again able to operate at a profit.\n“This fundraise allows us to accelerate the year-over-year revenue growth we created with our 2021 Series B and continue to build infrastructure for the future Bitcoin economy,” explained Erik Svenson. Blockstream’s President & CFO, in apress release.\nThe prior $210 million raise took place in August 2021, alongsidecrypto’s biggest raisesin a time when the market was heading into its all-time high market capitalization of more than $3 trillion. That money was used to build mining facilities for hosting services, in which customers rent the company’s ASICs to earn Bitcoin from mining for a limited time. Tuesday’s raise will deploy capital for the same purpose.\nBitcoin Mining Is Booming Despite Market Headwinds\n“Demand for Blockstream’s hosting services remains high due to the company’s strong track record and substantial scale, coupled with an industry-wide shortage of available power capacity,” stated the firm.\nBlockstream is one of the world’s largest mining operators, with 500 megawatts in its development pipeline. Rival firms like Core Scientific—one of the largest publicly traded miners in North America—filed for bankruptcy in December after dumping nearly all of its Bitcoin holdings and failing to pay down debt. Core Scientific now beinginvestigatedfor potentially committing securities fraud.\nIris Energy fell into a similar predicament, slashing its Bitcoin mining capacity in May to pay down its collateralized loans for mining hardware in November.\n“Recent events in the broader cryptocurrency industry underscore the value and importance of the work Blockstream is doing in both blockchain development and bitcoin mining,” concluded Blockstream.', 'Bitcoin technology company Blockstream has raised $125 million to break further into Bitcoin mining—an industry whose top players have been struggling to stay afloat. Mining is the process by which Bitcoin users are financially incentivized to secure the blockchain. Miners use specialized, energy-intensive hardware to construct Bitcoin’s next block, for which they are rewarded with a fixed amount of Bitcoin—6.25 BTC as of this writing. As Bitcoin’s market value decreases, so does the dollar-denominated revenues available to miners, thus weeding all but the most cost-efficient players out of the market. After Bitcoin’s latest pump to $23,000, however, the average miner is once again able to operate at a profit. “This fundraise allows us to accelerate the year-over-year revenue growth we created with our 2021 Series B and continue to build infrastructure for the future Bitcoin economy,” explained Erik Svenson. Blockstream’s President & CFO, in a press release . The prior $210 million raise took place in August 2021, alongside crypto’s biggest raises in a time when the market was heading into its all-time high market capitalization of more than $3 trillion. That money was used to build mining facilities for hosting services, in which customers rent the company’s ASICs to earn Bitcoin from mining for a limited time. Tuesday’s raise will deploy capital for the same purpose. Bitcoin Mining Is Booming Despite Market Headwinds “Demand for Blockstream’s hosting services remains high due to the company’s strong track record and substantial scale, coupled with an industry-wide shortage of available power capacity,” stated the firm. Blockstream is one of the world’s largest mining operators, with 500 megawatts in its development pipeline. Rival firms like Core Scientific—one of the largest publicly traded miners in North America—filed for bankruptcy in December after dumping nearly all of its Bitcoin holdings and failing to pay down debt. Core Scientific now being investigated for potentially committing securities fraud. Iris Energy fell into a similar predicament, slashing its Bitcoin mining capacity in May to pay down its collateralized loans for mining hardware in November. “Recent events in the broader cryptocurrency industry underscore the value and importance of the work Blockstream is doing in both blockchain development and bitcoin mining,” concluded Blockstream. View comments', 'Bitcoin and Ether fell in Wednesday morning trading in Asia, along with the other top 10 non-stablecoin cryptocurrencies as investors seemed to be taking profits after the strong gains since the start of the year. Polkadot saw the largest loss. U.S. equities had a mixed Tuesday amid lower earnings guidance from Microsoft and release of the U.S. purchasing managers index or PMI. The index measures business trends and came in at 46.6. While this beat expectations, a number under 50 indicates a contracting economy.\nSee related article:Ethereum’s Shanghai Mainnet moves one step closer as “Shadow Fork” goes live\n• Bitcoin traded 1.3% lower at US$22,688 in the 24 hours to 8:45 a.m. in Hong Kong, but was still up 6.8% in the past calendar week. Ether fell 4.6% to US$1,555, losing 1.2% for the week, according todata from CoinMarketCap.\n• Polkadot fell 6.7% to change hands at US$6.15, the biggest drop on the top ten list. The token is still up 2.8% on the week.\n• Solana lost 5.7% to change hands at US$22.92, bringing weekly losses to 0.2%. Cardano slipped 5.7% to trade at US$0.35, though was still up 2.1% for the week.\n• The total crypto market capitalization over the 24 hours fell 2.2% to US$1.03 trillion, while trading volume dipped 6.4 % to US$52.7 billion.\n• In U.S. equity markets, the Dow Jones Industrial Average rose 0.3%, while the S&P 500 Index lost 0.1%. The tech-heavy Nasdaq Composite Index closed the day down 0.3%.\n• Software giant Microsoft Corpreported better-than-expected earningsfor the December quarter, but the shares later fell 1.4% to US$238.75 as the company’s earnings guidance for the next quarter disappointed.\n• The composite Purchasing Manager’s Index (PMI) for January released on Tuesday showed private sector demand contracting, with companies highlighting subdued customer demand and inflation denting client spending.\n• Last month, the U.S. Federal Reserve raised interest rates by 50-basis points to between 4.25% and 4.5%, the highest in 15 years, to try and slow inflation. Fed members will be in a so-called blackout period before they meet to decide the next move on interest rates on Jan. 31 – Feb. 1. Analysts from CME Group predict a 99.8% chance of an increase of 25 basis points.\nSee related article:Bankrupt crypto lender Genesis ‘optimistic’ about resolving creditor dispute: Reuters', 'Bitcoin and Ether fell in Wednesday morning trading in Asia, along with the other top 10 non-stablecoin cryptocurrencies as investors seemed to be taking profits after the strong gains since the start of the year. Polkadot saw the largest loss. U.S. equities had a mixed Tuesday amid lower earnings guidance from Microsoft and release of the U.S. purchasing managers index or PMI. The index measures business trends and came in at 46.6. While this beat expectations, a number under 50 indicates a contracting economy. See related article: Ethereum’s Shanghai Mainnet moves one step closer as “Shadow Fork” goes live Fast facts Bitcoin traded 1.3% lower at US$22,688 in the 24 hours to 8:45 a.m. in Hong Kong, but was still up 6.8% in the past calendar week. Ether fell 4.6% to US$1,555, losing 1.2% for the week, according to data from CoinMarketCap . Polkadot fell 6.7% to change hands at US$6.15, the biggest drop on the top ten list. The token is still up 2.8% on the week. Solana lost 5.7% to change hands at US$22.92, bringing weekly losses to 0.2%. Cardano slipped 5.7% to trade at US$0.35, though was still up 2.1% for the week. The total crypto market capitalization over the 24 hours fell 2.2% to US$1.03 trillion, while trading volume dipped 6.4 % to US$52.7 billion. In U.S. equity markets, the Dow Jones Industrial Average rose 0.3%, while the S&P 500 Index lost 0.1%. The tech-heavy Nasdaq Composite Index closed the day down 0.3%. Software giant Microsoft Corp reported better-than-expected earnings for the December quarter, but the shares later fell 1.4% to US$238.75 as the company’s earnings guidance for the next quarter disappointed. The composite Purchasing Manager’s Index (PMI) for January released on Tuesday showed private sector demand contracting, with companies highlighting subdued customer demand and inflation denting client spending. Last month, the U.S. Federal Reserve raised interest rates by 50-basis points to between 4.25% and 4.5%, the highest in 15 years, to try and slow inflation. Fed members will be in a so-called blackout period before they meet to decide the next move on interest rates on Jan. 31 – Feb. 1. Analysts from CME Group predict a 99.8% chance of an increase of 25 basis points. See related article: Bankrupt crypto lender Genesis ‘optimistic’ about resolving creditor dispute: Reuters', 'Bitcoin and Ether fell in Wednesday morning trading in Asia, along with the other top 10 non-stablecoin cryptocurrencies as investors seemed to be taking profits after the strong gains since the start of the year. Polkadot saw the largest loss. U.S. equities had a mixed Tuesday amid lower earnings guidance from Microsoft and release of the U.S. purchasing managers index or PMI. The index measures business trends and came in at 46.6. While this beat expectations, a num
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-01-25
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $437,683,127,294
- Hash Rate: 327010527.67509925
- Transaction Count: 306681.0
- Unique Addresses: 687864.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.51
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitfarms Ltd. - 453 BTC mined in November and expects to exceed 5,000 BTC mined in 2022 - - Month-end capacity 182 megawatts, up 72% from November 2021 - - To present at upcoming investor conferences - This news release constitutes a “designated news release” for purposes of the Company’s prospectus supplement dated August 16, 2021, to its short form base shelf prospectus dated August 12, 2021. TORONTO, Ontario and BROSSARD, Québec, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Bitfarms Ltd. ( NASDAQ: BITF // TSX: BITF ), a global Bitcoin self-mining company, provided a Bitcoin (BTC) production and mining operations update for November 2022. “Our Canadian growth and expansion continue unabated and ahead of schedule, even with the recent turmoil impacting the sector and the price of BTC,” said Geoff Morphy, President and COO of Bitfarms. “In November, we energized an additional 6 megawatts (MW) capacity at our Garlock farm. In December, we expect to complete Garlock and Phase 3 of The Bunker, bringing our total Sherbrooke operations to the full 96 MW capacity. This buildout will mark a major achievement for Bitfarms.” “In November, we mined 453 BTC, bringing our year-to-date total to 4,672 BTC mined, up 51% from the same period in 2021,” said Ben Gagnon, Chief Mining Officer of Bitfarms. “With new capacity coming online in Sherbrooke, our November hashrate increased 5% to 4.4 exahash/second (EH/s) by mid-month, compared to 4.2 EH/s at the beginning of the month. We averaged 15.1 BTC mined per day for the full month and exited November at a similar rate, down from an average of 15.7 BTC mined per day for the month of October 2022. November production was impacted primarily by increases in network difficulty and a shorter month, which has set four all-time highs in the last six adjustments. Year to date, network difficulty is up 52% while Bitfarms’ hashrate has grown 109%. Our strategy of using low-cost hydro power and highly efficient miners continues to deliver stable electricity rates and consistently low production costs. As such, we believe that Bitfarms is well positioned to benefit from any industry-related curtailment, idling or shutting down of miners that may occur as a result of high fossil-fuel energy source expense.” Story continues Key Performance Indicators Nov. 2022 Oct. 2022 Nov. 2021 Total BTC Mined 453 486 339 Month End Operating EH/s 4.4 4.2 2.1 BTC/ Avg. EH/s 105 115 174 Operating Capacity (MW) 182 182 106 Hydropower MW 172 172 106 Watts/TH Efficiency 40 40 44 BTC Sold 853 486 13 Morphy added, “As previously discussed, Argentina’s macroeconomic environment is causing delays in the importation of most goods which is adversely affecting our ability to bring in the additional miners we need to operate the first warehouse at its full capacity of 50 MW. These delays may impact the company’s 5.0 exahash goal for year-end 2022.” Select Operating Highlights 4.4 EH/s online as of November 30, 2022, up 110% from November 2021 and up 5% compared to October 31, 2022. 4.3 EH/s average online for the month of November. 105 BTC/average EH/s for the month of November, down 9% from 115 in October 2022. 453 new BTC mined during November 2022, up 34% from November 2021 and, reflecting the increase in network difficulty and shorter month, down 7% from October 2022. 15.1 BTC mined daily on average in November, equivalent to about US$258,210 per day and approximately US$7.7 million for the month based on a BTC price of US$17,100 on November 30, 2022. Mining Operations In Sherbrooke, Québec: The Garlock farm energized the first 6 MW of capacity, with the full 18 MW expected to be online ahead of schedule in early December. Phase 3 of The Bunker’s remaining 6 MW of capacity expected to be online in early December. The de la Pointe farm has been retired and its sale is under contract, which is expected to close in December for US$3.5 million in net proceeds. This month, our newly completed Sherbrooke campus expected to consist of three farms in close proximity to each other with its full 96 MW allocation operational. In Rio Cuarto, Argentina: Construction of the fifth 10-MW module was completed in November, marking completion of the first 50-MW warehouse as commissioning continues. Miners installed at this warehouse totaled over 2,300 and contributed 22.8 BTC in production for the month. Bitfarms’ BTC Monthly Production Month BTC Mined 2022 BTC Mined 2021 January 301 199 February 298 178 March 363 221 April 405 232 May 431 262 June 420 265 July 500 391 August 534 354 September 481 305 October 486 343 November 453 339 Total YTD 4,672 3,089 Financial Update Paid down $6.7 million in BTC-backed facility during November, bringing the outstanding principal to $16.5 million. Paid down $3.2 million in equipment related indebtedness. Sold 453 BTC from mining operations and 400 BTC from treasury during November 2022, generating total proceeds of $14.6 million. Held 1,664 BTC in custody on November 30, 2022, representing a total value of approximately US$28.5 million based on a BTC price of US$17,100. Conferences and Events Bitfarms plans to attend the following events in the next month: December 6, 2 pm ET – TechLeaderBoard Webinar with JNK Securities Registration Link December 7: Ladenburg Thalmann Virtual Tech Expo 2022 Registration Link January 10-12: 25 th Annual Needham Growth Conference About Bitfarms Ltd. Founded in 2017, Bitfarms is a global, publicly traded (NASDAQ/TSX: BITF) Bitcoin self-mining company. Bitfarms runs vertically integrated mining operations with in-house management and company-owned electrical engineering, installation service, and onsite technical repair. The Company’s proprietary data analytics system delivers best-in-class operational performance and uptime. Bitfarms has 10 mining facilities in production around the world, which are housed in four countries: Canada, the United States, Paraguay, and Argentina. Powered by predominantly environmentally friendly hydro-electric and long-term power contracts, Bitfarms is committed to using renewable, locally based, and often underutilized energy infrastructure. To learn more about Bitfarms’ events, developments, and online communities: Website: www.bitfarms.com https://www.facebook.com/bitfarms/ https://twitter.com/Bitfarms_io https://www.instagram.com/bitfarms/ https://www.linkedin.com/company/bitfarms/ Cautionary Statement Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the Toronto Stock Exchange, Nasdaq, or any other securities exchange or regulatory authority accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements This news release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. The statements and information in this release regarding expansion plans, including construction in Argentina and Québec, expectations for monthly growth, targets, and goals for productive capacity and hashrates and other future plans and objectives of the Company are forward-looking information. Other forward-looking information includes, but is not limited to, information concerning: the intentions, plans and future actions of the Company, as well as Bitfarms’ ability to successfully mine digital currency, revenue increasing as currently anticipated, the ability to profitably liquidate current and future digital currency inventory, volatility of network difficulty and digital currency prices and the potential resulting significant negative impact on the Company’s operations, the construction and operation of expanded blockchain infrastructure as currently planned, and the regulatory environment for cryptocurrency in the applicable jurisdictions. Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on assumptions and estimates of management of the Company at the time they were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to: the global economic climate; dilution; the Company’s limited operating history; future capital needs and uncertainty of additional financing, including the Company’s ability to utilize the Company’s at-the-market offering (the “ATM Program”) and the prices at which the Company may sell Common Shares in the ATM Program, as well as capital market conditions in general; risks relating to the strategy of maintaining and increasing Bitcoin holdings and the impact of depreciating Bitcoin prices on working capital; the competitive nature of the industry; currency exchange risks; the need for the Company to manage its planned growth and expansion; the effects of product development and need for continued technology change; the ability to maintain reliable a...
- Reddit Posts (Sample): [['u/NPCmillionaire', "Dead Internet Theory in the Matrix: Communication is impossible in this realm. Don't even know where to post or try to communicate online any more.", 31, '2023-01-25 00:07', 'https://www.reddit.com/r/AWLIAS/comments/10kj893/dead_internet_theory_in_the_matrix_communication/', 'Don\'t even know if this is the right sub for this, and that is part of the problem. Aside from Reddit, there is virtually nowhere online to even begin to attempt to communicate with "real people". And on Reddit, all the topics are so splintered into groups and sub-groups that you almost feel like there is no where to post, especially since whoever these unpaid "mods" are who run all these different subs, somehow have the time to moderate all the time.\n\nMy working thesis about the nature of reality at the moment is a combination of sim/matrix/prison planet along with dead internet theory. I barely have "real" conversations online anymore, and that has been the case for years. And I\'m not just talking about woo/conspiracy topics, but on those it\'s obvious the bots are at work. Go on telegrams related to "flat earth" or "5D ascension" or "tartaria" and they are all reposting the same tired vax memes from years ago. I especially love the groups with 10k+ "people" and the only way to comment is on whatever posts some nameless channel owner posts, but not like there are any chats in the actual chat-based groups either.\n\nWhat\'s worse though, is there is nothing on "normie" shit anymore either. After giving up on searching in woo/conspiracy, I tried some of the most basic, stupid online things. Say looking up corporate promos/deals. I mean there are 500k+ people on the "churning" sub on here, which is just about dumb credit card points. Forgot the fact there are not even 5k people in the entire world on say "midlifecrisis". Anyway, joined two paid groups ($50 a month each), and each group had 500+ "people" and it was like I was talking to water. Even though I only joined the groups from reading a connected blog on an earlier corporate promo/cell phone deal I had gotten. I can give a novel on how stupid the experience overall was (including probably 10+ hours of "real world" driving and calling on the phone, etc.), but of course people in the group pretended they were able to move millions a year in money orders for the credit card point spread, year I was already wasting all my time just trying to get cell phones from a new carrier.\n\nIt\'s dumb anyway. That was probably a dumb aside, and I didn\'t give all the details and it\'s confusing to begin with. Anyway, something so basic, and it was like talking to static online trying to make sense of things. So of course there is no hope for a discussion of woo/conspiracy/the fundamental nature of reality.\n\nNot like "real people" are better. I can\'t even get people (other parents, cause I have kids so of course this is the only sort of people I have the opportunity to interact with) to acknowledge the most basic shit, say the economy isn\'t making sense. And not like you can have much convo beyond small talk even in a 2-3 hour time period if it\'s a "play date" or whatever. But of course the bots online will say, when asked where they go for information, where they "hang out" online, etc., that, oh, online is useless. They touch grass. They go to bars. They only talk to people online that they know IRL, etc.\n\nHonestly, the flip for me happened in 2018. At the time, I was in a crypto group that probably had a couple hundred million in paper assets. I didn\'t have that much, but given the people in there, many who were older than me, with more impressive real jobs, STEM PhDs, kids, etc., I thought at least a couple of them could make something, like a holding company or something since it made sense given the taxes, etc. Instead they did nothing and even though they are all still "there" they talk less and less, even though I know a lot of them are in the same spot as me, married with kids, not really working, a decent amount but not insane amount of money in the grand scheme. But they became more inactive during covid (even though they were all trapped at home). More inactive as BTC after the 2018+ bear went from $3k to $70k. It just feels unnatural. And I could give more details, but again this is already getting long.\n\nI don\'t even know what my point is. I keep posting variants of this post I guess just to see who is out there. I guess it\'s a numbers game to find the "real people" who are also on Reddit and have some other ideas. Hell, the last post group I did on here about how "the internet is designed to be useless" got me shadowbanned on Christmas. All that did is sort of support my position, but whatever. At least I was able to message the Reddit mod void and eventually get my account back.\n\nTyped this elsewhere on here just now. May as well make this longer...\n\nI never understand this "manifestation" talk and honestly half the time think it is bots, cause there is no way a "real" person would believe any of this after a certain age/point and also with enough experience in this reality.\n\nI am a multimillionaire without a job. I have family that I pay half of the week to come help and watch my kids. My wife doesn\'t work outside the home. I am completely unable to do or accomplish anything beyond survival and some minor distractions, so I don\'t know how it is expected for anyone who is just barely getting by to accomplish anything.\n\nEven if I was single and childless, about the only thing I could do more would be to move overseas to a lower cost of living area and "bind" the life/time of other humans (be they NPC or otherwise) as paid assistants, cleaners, escorts, whatever.\n\nGetting to my position is part of the matrix. I was allowed to get where I am via crypto/online and just enough money to not do anything, but also not enough money to do anything all that much (if that makes sense). I\'m too old and disillusioned to benefit from making irl connections in elite undergrad/grad school, and the ones I went to were crappy places anyway where there was no benefit IRL really (aside from in hindsight showing me aspects of the matrix). So all there is for me to do is produce a very specific type of loosh that I hope some archon is getting a real hard-on over, cause otherwise it seems pointless that I can\'t even have a halfway decent convo about anything anymore online it seems.', 'https://www.reddit.com/r/AWLIAS/comments/10kj893/dead_internet_theory_in_the_matrix_communication/', '10kj893', [['u/Space_ghostA1', 24, '2023-01-25 00:39', 'https://www.reddit.com/r/AWLIAS/comments/10kj893/dead_internet_theory_in_the_matrix_communication/j5r32g3/', 'Maybe the world ended and all that’s left is static, your post even seems like a bunch of static', '10kj893'], ['u/PeterR110', 55, '2023-01-25 02:46', 'https://www.reddit.com/r/AWLIAS/comments/10kj893/dead_internet_theory_in_the_matrix_communication/j5rl1co/', 'I think OP is a bot.', '10kj893']]], ['u/Solid_Competition354', 'Best place to find opinions against Bitcoin?', 12, '2023-01-25 01:19', 'https://www.reddit.com/r/Bitcoin/comments/10kkwrm/best_place_to_find_opinions_against_bitcoin/', ' I believe I have become a "maxi". Where would I find good arguments against Bitcoin?', 'https://www.reddit.com/r/Bitcoin/comments/10kkwrm/best_place_to_find_opinions_against_bitcoin/', '10kkwrm', [['u/duper12677', 20, '2023-01-25 01:45', 'https://www.reddit.com/r/Bitcoin/comments/10kkwrm/best_place_to_find_opinions_against_bitcoin/j5rclyk/', 'Buttcoin. Tell them you are a maxi and you will have 87 downvotes in less than an hour. They are hilarious on how much time they will waste on something they don’t believe in. I got banned for merely telling them this', '10kkwrm']]], ['u/Vaka_Production', 'Neighbor get scammed, I tried to warn him, he dont believe me', 78, '2023-01-25 04:36', 'https://www.reddit.com/r/Scams/comments/10kp0vp/neighbor_get_scammed_i_tried_to_warn_him_he_dont/', 'My neighbor gets scammed by some shady banker, sadly he believes him blind and call whit him everyday to "check the status of his funds".\n\nStarted last summer whit some shady story about an investment funds where his savings where and because of bitcoin and Shiba Inu turned into a fortune. Since then he sends everyweek several hundred $ in Itunes Gift Card to him "because" his papers for his investment funds has to be renovated so the compliance has no problem whit the origin of his funds, because the platin atm card was stolen by fedex, because the fedex agend was a spy from the government who stole the card, because he need all 18 iban letters for e banking, because, because, because\n\nThis goes since months and i tried to tell him thats a scam....he dont believe me.\nShould i try it again', 'https://www.reddit.com/r/Scams/comments/10kp0vp/neighbor_get_scammed_i_tried_to_warn_him_he_dont/', '10kp0vp', [['u/Aunty_Fascist', 72, '2023-01-25 04:40', 'https://www.reddit.com/r/Scams/comments/10kp0vp/neighbor_get_scammed_i_tried_to_warn_him_he_dont/j5s0bm5/', "It's a basic !crypto scam but you can't convince someone who doesn't want to hear what you have to say. He'll figure it out eventually. Hopefully he won't be entirely broke by then.", '10kp0vp'], ['u/Vaka_Production', 21, '2023-01-25 04:44', 'https://www.reddit.com/r/Scams/comments/10kp0vp/neighbor_get_scammed_i_tried_to_warn_him_he_dont/j5s0toh/', ">Hopefully he won't be entirely broke by then.\n\nOh dear, this sentence will age like wine, I am very sure, if not I swallow a full bottle of castor oil and camp on the toilet without complaining.", '10kp0vp'], ['u/HaoieZ', 18, '2023-01-25 04:47', 'https://www.reddit.com/r/Scams/comments/10kp0vp/neighbor_get_scammed_i_tried_to_warn_him_he_dont/j5s15nl/', "You can lead a horse to water, my friend. \n\n​\n\nIf he won't listen, that's not on you...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Massachusetts Senator Elizabeth Warren had strong words for the crypto industry on Wednesday, calling on the U.S. Securities and Exchange Commission to do more to fight crypto fraud. In prepared remarksdeliveredbefore the American Economic Liberties Project, Warren said industry players are “scared of a strong SEC."\n“The SEC has brought enforcement actions against celebrity cryptopromotersfor not disclosing their compensation to the public. It has gone after the employees at exchanges like Coinbase forinsider trading. It has charged crypto crooks for defrauding ordinary investors out of millions of dollars,” Warren said—adding that the agency is just getting started.\nVarious U.S. agencies have waded into the waters of crypto along with the SEC, including the Commodity Futures Trading Commission (CFTC), Federal Trade Commission (FTC), Federal Deposit Insurance Corporation (FDIC), and Department of Justice (DOJ)—not to mention a multitude of State agencies.\nWhile some in the crypto industry would prefer to deal with theCFTC, Warren said she believes the SEC and its chair Gary Gensler are best suited for the job. She also praised the agency forblockingBitcoin exchange-traded funds (ETFs) from hitting the market.\nSEC Approach Is ‘Threatening the Entire Ecosystem’: Former CFTC Commissioner\n“The commission has been loud and clear that crypto doesn’t get a pass for long-standing security laws that protect investors and ensure the integrity of our financial markets,” Warren said. “This is the right approach—the SEC has the right rules, and the right experience, and Gary Gensler is demonstrating that he is the right leader to get the job done.”\nWhile Warren sings Gensler’s praises, there are many in the space and even among Senator Warren’s colleagues inCongresswho question Gensler’s ability to do his job. The chairman has been accused of going easy on Sam Bankman-Fried and FTX and for what many call regulation by enforcement, arbitrarily picking and choosing who to go after and driving some firmsout of business.\n“The SEC needs to do even more and use the full force of its regulatory powers across the entirety of the crypto market,” Warren said, adding that Congress needs to shore up the agency with new resources and authority to ensure it can take on the industry at full strength.\nWarren pointed to the collapse of several crypto companies, includingCelsius,FTX,Voyager Digital, andThree Arrow Capital, in 2022 as another reason why the SEC and broader regulation are necessary.\nSenator Warren Wants the Fed to Answer for Banking Sector’s Ties to FTX\nWarren also called upon environmental agencies to go after crypto miners, who she accused of driving up energy costs and polluting the environment. The environmental impact of mining cryptocurrency has long been an issue that regulators cite in calls to ban cryptocurrency.\nWarren blamed regulators under the administration of former President Donald Trump for giving the premature green light to a crypto market that she called “full of junk tokens and unregistered securities, rug poles and Ponzi schemes, pump and dumps, money laundering, and sanctions evasion.”\n“The consequences of Trump’s regulator’s weakness were no surprise—by 2017, nearly 80% of allinitial coin offeringsare scams," she said. "The following year, investors lost about $9 million each day to crypto scams."\nSanta\'s Crypto \'Naughty\' List 2022\nWarren applauded the SEC’s actions against companies offering “dangerous and unregulated crypto lending products,” pointing to the recently bankrupt firm,BlockFi.\nShe also accused “crypto-friendly” banks like Silvergate of opening the banking system up to the greater risk of “crypto collapse,” which she says will leave the American taxpayers holding the bag.\n“It’s the bank regulators’ job to insulate the banking system and taxpayers from the risk of crypto fraud,” she said. “They have the tools, and they need to use them.”\nIn December, Senator Warren took aim atself-custody wallets, co-signing a bill called the Digital Asset Anti-Money Laundering Act with fellow-U.S. Senator Roger Marshall. The proposed legislation would place know-your-customer (KYC) requirements on blockchain infrastructure providers and participants operating in the United States. This requirement would extend to developers of decentralized networks, miners, and validators.\nWarren\'s remarks prefaced a virtual panel discussion titled, "Confronting the Crypto Challenge: Learning From a Meltdown."', 'Massachusetts Senator Elizabeth Warren had strong words for the crypto industry on Wednesday, calling on the U.S. Securities and Exchange Commission to do more to fight crypto fraud. In prepared remarks delivered before the American Economic Liberties Project, Warren said industry players are “scared of a strong SEC." “The SEC has brought enforcement actions against celebrity crypto promoters for not disclosing their compensation to the public. It has gone after the employees at exchanges like Coinbase for insider trading . It has charged crypto crooks for defrauding ordinary investors out of millions of dollars,” Warren said—adding that the agency is just getting started. 1:30PM: We\'ll kick off an event with @RealBankReform and @SenWarren to examine the rise and fall of the crypto industry -- and what it means for policymakers. RSVP here. You won\'t want to miss it. https://t.co/nj8xsJbPur pic.twitter.com/A1saROKeZU — American Economic Liberties Project (@econliberties) January 25, 2023 Various U.S. agencies have waded into the waters of crypto along with the SEC, including the Commodity Futures Trading Commission (CFTC), Federal Trade Commission (FTC), Federal Deposit Insurance Corporation (FDIC), and Department of Justice (DOJ)—not to mention a multitude of State agencies. While some in the crypto industry would prefer to deal with the CFTC , Warren said she believes the SEC and its chair Gary Gensler are best suited for the job. She also praised the agency for blocking Bitcoin exchange-traded funds (ETFs) from hitting the market. SEC Approach Is ‘Threatening the Entire Ecosystem’: Former CFTC Commissioner Story continues “The commission has been loud and clear that crypto doesn’t get a pass for long-standing security laws that protect investors and ensure the integrity of our financial markets,” Warren said. “This is the right approach—the SEC has the right rules, and the right experience, and Gary Gensler is demonstrating that he is the right leader to get the job done.” While Warren sings Gensler’s praises, there are many in the space and even among Senator Warren’s colleagues in Congress who question Gensler’s ability to do his job. The chairman has been accused of going easy on Sam Bankman-Fried and FTX and for what many call regulation by enforcement, arbitrarily picking and choosing who to go after and driving some firms out of business . “The SEC needs to do even more and use the full force of its regulatory powers across the entirety of the crypto market,” Warren said, adding that Congress needs to shore up the agency with new resources and authority to ensure it can take on the industry at full strength. Warren pointed to the collapse of several crypto companies, including Celsius , FTX , Voyager Digita l, and Three Arrow Capital , in 2022 as another reason why the SEC and broader regulation are necessary. Senator Warren Wants the Fed to Answer for Banking Sector’s Ties to FTX Warren also called upon environmental agencies to go after crypto miners, who she accused of driving up energy costs and polluting the environment. The environmental impact of mining cryptocurrency has long been an issue that regulators cite in calls to ban cryptocurrency. Warren blamed regulators under the administration of former President Donald Trump for giving the premature green light to a crypto market that she called “full of junk tokens and unregistered securities, rug poles and Ponzi schemes, pump and dumps, money laundering, and sanctions evasion.” “The consequences of Trump’s regulator’s weakness were no surprise—by 2017, nearly 80% of all initial coin offerings are scams," she said. "The following year, investors lost about $9 million each day to crypto scams." Santa\'s Crypto \'Naughty\' List 2022 Warren applauded the SEC’s actions against companies offering “dangerous and unregulated crypto lending products,” pointing to the recently bankrupt firm, BlockFi . She also accused “crypto-friendly” banks like Silvergate of opening the banking system up to the greater risk of “crypto collapse,” which she says will leave the American taxpayers holding the bag. “It’s the bank regulators’ job to insulate the banking system and taxpayers from the risk of crypto fraud,” she said. “They have the tools, and they need to use them.” In December, Senator Warren took aim at self-custody wallets , co-signing a bill called the Digital Asset Anti-Money Laundering Act with fellow-U.S. Senator Roger Marshall. The proposed legislation would place know-your-customer (KYC) requirements on blockchain infrastructure providers and participants operating in the United States. This requirement would extend to developers of decentralized networks, miners, and validators. Warren\'s remarks prefaced a virtual panel discussion titled, "Confronting the Crypto Challenge: Learning From a Meltdown."', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin regains lost ground to trade over $23K again.\nInsights:Laguna Labs CEO Stefan Rust wrote in a CoinDesk Q&A that the Genesis Chapter 11 bankruptcy filing prompted a "sigh of relief" among many in the crypto industry, and that bitcoin\'s short-term price prospects depend on the size of the next Fed interest rate hike.\nCoinDesk Market Index (CMI)\n1,094.26\n+48.9▲4.7%\nBitcoin (BTC)\n$23,180\n+694.7▲3.1%\nEthereum (ETH)\n$1,618\n+82.8▲5.4%\nS&P 500 daily close\n4,016.22\n−0.7▼0.0%\nGold\n$1,946\n+11.9▲0.6%\nTreasury Yield 10 Years\n3.46%\n▼0.0\nBTC/ETH prices perCoinDesk In
**Last 60 Days of Bitcoin's Closing Prices:**
[]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-01-26
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $443,249,365,725
- Hash Rate: 289637895.9408021
- Transaction Count: 296263.0
- Unique Addresses: 669489.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.54
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin and Ethereum inched up in Monday afternoon trading in Asia. Most other non-stablecoin top 10 cryptocurrencies by market capitalization were little changed, with Dogecoin leading declines.
See related article:Bitcoin hashrate drops nearly 40% as deadly U.S. storm unplugs miners
• Bitcoin gained 0.14% in the last 24 hours to trade at US$16,857 at 4 p.m. Hong Kong time on Monday, while Ether gained 0.15% to US$1,220, according toCoinMarketCap data.
• Dogecoin was the biggest loser in the top 10 cryptos, falling 1.87% to trade at US$0.07563 in the past 24 hours. Major Dogecoin advocateElon Musk may soon step downfrom the top job at social media platform Twitter.
• Binance’s BNB token traded at US$243.32, a drop of 0.72% over the past 24 hours. Binance, the world’s largest cryptocurrency exchange, has beenaccusedof deliberately causing the collapse of Bahamas-based FTX.com that was once the second-largest exchange. Binance may also beprobedby the U.S. Justice Department over money laundering violations.
• XRP inched up 0.64% to trade at US$0.3512, afterdropping 1.64%in Monday morning trade in Asia.
• Equity markets in the U.S. and Hong Kong were closed on Monday for Christmas. U.S. equity markets rose on Friday after postinga loss for the weekover fears of an emerging recession. On Friday, the Nasdaq composite closed 0.2% higher, the S&P 500 was up 0.6% and the Dow Jones Industrial Average gained 0.5%.
• The U.S. central bank raised interest rates by half a percentage point this month after the consumer price index, a key inflation indicator, rose7.1% in Novemberfrom a year earlier. U.S. Federal Reserve Chair Jerome Powell has said there will bemore interest rate hikesnext year even as the economy moves towards a potential recession.
• See related article:The last 12 months the year to forget, says India’s WazirX crypto exchange...
- Reddit Posts (Sample): [['u/Science_421', 'Bitcoin is NOT a technology. It is an attempt to peddle the Gold Standard.', 116, '2023-01-26 01:40', 'https://www.reddit.com/r/Buttcoin/comments/10let0n/bitcoin_is_not_a_technology_it_is_an_attempt_to/', 'If you want to understand the motivation behind Bitcoin you should skip the “Blockchain” “decentralized” Blah Blah Blah. \n\nBitcoin was started by Libertarian Gold Bugs that wanted an Electronic version of Gold Coins for the internet. \n\nIt annoys me that News Reports and Debates about Bitcoin never focus on the failures of a Gold Standard. They just treat Bitcoin as some “amazing” technology. Economists dismiss the Gold Standard Fanatics as Ignorant.', 'https://www.reddit.com/r/Buttcoin/comments/10let0n/bitcoin_is_not_a_technology_it_is_an_attempt_to/', '10let0n', [['u/Potential-Coat-7233', 58, '2023-01-26 01:58', 'https://www.reddit.com/r/Buttcoin/comments/10let0n/bitcoin_is_not_a_technology_it_is_an_attempt_to/j5wexn0/', 'Bitcoin is whatever it needs to be to “win” the argument at hand.', '10let0n'], ['u/Studstill', 18, '2023-01-26 04:52', 'https://www.reddit.com/r/Buttcoin/comments/10let0n/bitcoin_is_not_a_technology_it_is_an_attempt_to/j5x3iys/', 'Few.', '10let0n'], ['u/stormdelta', 23, '2023-01-26 06:12', 'https://www.reddit.com/r/Buttcoin/comments/10let0n/bitcoin_is_not_a_technology_it_is_an_attempt_to/j5xcrna/', 'Yep, and it relies on the same revisionist history of scapegoating every economic failure in history on monetary policy / dropping the gold standard.', '10let0n'], ['u/Alternative-Lion1336', 12, '2023-01-26 07:18', 'https://www.reddit.com/r/Buttcoin/comments/10let0n/bitcoin_is_not_a_technology_it_is_an_attempt_to/j5xj95h/', 'Early', '10let0n'], ['u/entered_bubble_50', 12, '2023-01-26 09:07', 'https://www.reddit.com/r/Buttcoin/comments/10let0n/bitcoin_is_not_a_technology_it_is_an_attempt_to/j5xs82o/', '\n>There is no incentive at the top to onboard or adopt a system that can\'t be used to re-allocate vast wealth through policy.\n\nA yes, Bitcoin, the saviour of the working class. Where the vast majority of the wealth is stored between a few dozen scammers. \n\nAnd I\'m sorry, but "can\'t be reallocated through policy." Do you think the price is actually organic, and not heavily manipulated by the exchanges for their benefit?', '10let0n'], ['u/luitzenh', 12, '2023-01-26 10:02', 'https://www.reddit.com/r/Buttcoin/comments/10let0n/bitcoin_is_not_a_technology_it_is_an_attempt_to/j5xw846/', 'Random capitalisation makes your text hard to read.', '10let0n']]], ['u/bootyholesareweird', 'I bought my first bitcoin cash last week!', 23, '2023-01-26 02:54', 'https://www.reddit.com/r/btc/comments/10lgd4j/i_bought_my_first_bitcoin_cash_last_week/', "I'm a student and I received an incentive last week and bought my first bitcoin cash. I started buying crypto when I can last 2021, not a great year for crypto newbies but I will just wait for the next bull market! I always but every semester when I receive incentives which is 12$ or 20$ (500 or 1000 pesos). Next sem, I will buy another coin. My crypto wallet is not that big but it is better than having nothing. My goal is me and my parents to retire early so I shoul have many source of income in the present and in the future.\n\nAny suggestions for my next coin? If it's allowed.", 'https://www.reddit.com/r/btc/comments/10lgd4j/i_bought_my_first_bitcoin_cash_last_week/', '10lgd4j', [['u/moleccc', 10, '2023-01-26 10:21', 'https://www.reddit.com/r/btc/comments/10lgd4j/i_bought_my_first_bitcoin_cash_last_week/j5xxkin/', "You're looking for a diverse portfolio?\n\nProbably would include some Monero (XMR), but really, concentrate on (or give more weight to) BCH.\n\nDon't fall into any of the many DeFi/yield traps.\n\nu/chaintip $5", '10lgd4j']]], ['u/rightthenwatson', "Has anyone ever compared Patsy's 911 call to other 911 calls from parents of kidnap victims?", 150, '2023-01-26 04:13', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/', 'Every couple of years I go down this rabbit hole. This time, I can\'t stop thinking about how unusual Patsy\'s words are \n\n"There\'s been a kidnapping"\n\n"I\'m the mother" \n\n•Not "My daughter\'s been kidnapped?\' or "Someone took my daughter/child"?\n\n"There\'s a ransom note. It says SBTC VICTORY" \n\n•Nothing about it saying the took your kid? Threat of death? That\'s not what 911 needs to know?\n\n\nI think she chose really unusual things to isolate, and I\'m just curious how it lines up to calls made to report other kidnappings. Do parents of (IMO Legitimate kidnappings) also speak in an almost fragmented way? \n\n\n\n\n(To establish a base here, I am in the \'Burke did it\' boat, and believe every step, even the continued interviews, etc., are just red herrings.)', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/', '10lhyki', [['u/GeniusBtch', 42, '2023-01-26 04:18', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5wz496/', 'My biggest issue is that she sounded more "Colorado" than "West Virginia" which was odd because as anyone knows a person with any type of accent in a panic gets more accented in the way they were as a child... not less. (You will notice this particularly with southerners when they get together and drink especially but also when they are freaking out over something.) If you listen to it carefully you may see what I mean. It was clearly rehearsed to make her sound like she was panicked but in the wrong way. Like she jumped up and down in place to sound out of breath instead of actually running and being out of breath etc...', '10lhyki'], ['u/rightthenwatson', 32, '2023-01-26 04:22', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5wzr1h/', "I never even thought of the accent part and that's a great observation.\n\nAnd yes, she is very breathy, but not like a hyperventilating, panicking way.", '10lhyki'], ['u/Hopeful-Confusion599', 70, '2023-01-26 04:33', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5x16zt/', 'To be fair, when she said “SBTC VICTORY” it was because the operator asked who signed the note, but everything else you listed was all Patsy. \n\nI usually try not to place a lot of stock in 911 calls since everyone acts differently in those moments and they can be a very hectic time. But if I DID place stock in this call… it doesn’t win Patsy any points. \n\nShe didn’t say JonBenet’s name once. The part that always gets me, and maybe I’m the only one, is that long pause after she says “SBTC Victory” with the labored breathing. It was almost like she was waiting to hear what the operator thought about it.', '10lhyki'], ['u/Candid_Post_4255', 16, '2023-01-26 04:45', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5x2p6e/', 'And that she said she didn’t read through the whole note…but came up with the signature', '10lhyki'], ['u/ArmChairDetective84', 38, '2023-01-26 05:07', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5x5e2w/', 'I have never thought about it in terms of comparing it to other 911 calls - but I’ve always thought the “ there’s been a kidnapping thing was weird too. I definitely would have probably read the entire thing & TBH I think if I was a wealthy person and my child was kidnapped that I would be tempted to just get the damn money and pay because the cops have screwed up so many of those kinds of cases. I would have stressed the part of the note about them watching the house and to not send a uniformed police officer or a marked cruiser to the house . I would have searched that house high and low before I called 911 though because the note is so ridiculous that I would probably think “this is some kind of sick joke “ . But the most WEIRD part of their actions that AM was Patsy and John not waking Burke up- then when ppl brought up how they thought that was strange he suddenly remembered Patsy “running into his room screaming “…I would be stuck to my remaining child like glue if my other had just been kidnapped right out from under my nose', '10lhyki'], ['u/Senior_Physics_5030', 121, '2023-01-26 05:07', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5x5es3/', 'I always found it odd that Patsy never said JBR’s name, but was sure to say, “Six years old… She’s BLONDE.”', '10lhyki'], ['u/ArmChairDetective84', 21, '2023-01-26 05:09', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5x5m7w/', 'TBF ( I am BDI team) she could have just looked at the end of the note..she wouldn’t have had to read the whole note to know who or what signed it .', '10lhyki'], ['u/rightthenwatson', 49, '2023-01-26 05:11', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5x5utp/', "Right? I think it's weird too. I don't know what I expect a parent would say, but blurting out her hair color before her name even?", '10lhyki'], ['u/aajniojnoihnoi', 16, '2023-01-26 05:15', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5x6eav/', 'Patsy had a very good memory that morning to remember who sign the 3 page ransom note she did not read.', '10lhyki'], ['u/rightthenwatson', 30, '2023-01-26 05:16', 'https://www.reddit.com/r/JonBenetRamsey/comments/10lhyki/has_anyone_ever_compared_patsys_911_call_to_other/j5x6fye/', "Exactly.\n\nI would want my child awake, alert, check them for signs of harm, ask if they saw anyone, ask if they were threatened, keep them close, make sure they're okay and protect them from everything possible. \n\nI tru...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
| |
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["The U.S. Justice Department announced Thursday the results of a months-long operation with the Federal Bureau of Investigation that actively disrupted the activities of the Hive ransomware group, which the agency says had targeted hospitals, schools, and banking in over 80 countries.\n“Last night, the Justice Department dismantled an international ransomware network responsible for extorting and attempting to extort hundreds of millions of dollars from victims in the United States and around the world,” U.S. Attorney General Merrick B. Garland said in astatement.\nSince June 2021, the Justice Department says, the group has targeted more than 1,500 victims worldwide and received over $100 million in cryptocurrency ransom payments. The DOJ says the FBI’s operation to penetrate Hive’s network began in July 2022 and was able to provide over 1,300 decryption keys to help victims recover their data and systems—including critical infrastructure one.\nThe agency says the operation was coordinated with German and Dutch law enforcement, seizing control of the servers and websites used by Hive.\nFBI Says Crypto Payments Are a 'Huge Challenge' Amid Rise in Ransomware Attacks\nRansomware is software that can lock a computer and demand a ransom to restore access. While any device connected to the internet could potentially be a victim of ransomware,phishingattacks are generally the primary attack vector.\nAccording to the agency, Hive typically targets a victim by stealing sensitive data (emails, documents, pictures, and videos) and then encrypting their computer files. The group would then demand a ransom in Bitcoin for the decryption key necessary to restore the files and extort additional funds in exchange for a promise not to publish the stolen data on the dark web. If the victim did not pay, Hive would publish the stolen data.\nBlockchain forensic firm Chainalysis recentlyreportedthe revenue from ransomware attacks has decreased by 40%, going from $766 million in 2021 to $457 million in 2022. The firm attributed the drop in ransomware payments to victims’ increasing unwillingness to pay and an increase in cybersecurity awareness,callingthe takedown of Hive a victory for cryptocurrency, law enforcement, and national security.\n“Cybercrime is a constantly evolving threat,” Garland said. “But as I have said before, the Justice Department will spare no resource to identify and bring to justice, anyone, anywhere, who targets the United States with a ransomware attack.”", "The U.S. Justice Department announced Thursday the results of a months-long operation with the Federal Bureau of Investigation that actively disrupted the activities of the Hive ransomware group, which the agency says had targeted hospitals, schools, and banking in over 80 countries. \x93Last night, the Justice Department dismantled an international ransomware network responsible for extorting and attempting to extort hundreds of millions of dollars from victims in the United States and around the world,\x94 U.S. Attorney General Merrick B. Garland said in a statement . Since June 2021, the Justice Department says, the group has targeted more than 1,500 victims worldwide and received over $100 million in cryptocurrency ransom payments. The DOJ says the FBI\x92s operation to penetrate Hive\x92s network began in July 2022 and was able to provide over 1,300 decryption keys to help victims recover their data and systems\x97including critical infrastructure one. The agency says the operation was coordinated with German and Dutch law enforcement, seizing control of the servers and websites used by Hive. FBI Says Crypto Payments Are a 'Huge Challenge' Amid Rise in Ransomware Attacks Ransomware is software that can lock a computer and demand a ransom to restore access. While any device connected to the internet could potentially be a victim of ransomware, phishing attacks are generally the primary attack vector. According to the agency, Hive typically targets a victim by stealing sensitive data (emails, documents, pictures, and videos) and then encrypting their computer files. The group would then demand a ransom in Bitcoin for the decryption key necessary to restore the files and extort additional funds in exchange for a promise not to publish the stolen data on the dark web. If the victim did not pay, Hive would publish the stolen data. Congratulations to @TheJusticeDept and @Europol on the disruption of Hive ransomware. Learn why today\x92s shutdown is great news not just for the #crypto and cybersecurity communities, but for businesses around the world. https://t.co/nq4u2vUPBO https://t.co/vEiEiklYP6 \x97 Chainalysis (@chainalysis) January 26, 2023 Blockchain forensic firm Chainalysis recently reported the revenue from ransomware attacks has decreased by 40%, going from $766 million in 2021 to $457 million in 2022. The firm attributed the drop in ransomware payments to victims\x92 increasing unwillingness to pay and an increase in cybersecurity awareness, calling the takedown of Hive a victory for cryptocurrency, law enforcement, and national security. \x93Cybercrime is a constantly evolving threat,\x94 Garland said. \x93But as I have said before, the Justice Department will spare no resource to identify and bring to justice, anyone, anywhere, who targets the United States with a ransomware attack.\x94", 'Good morning. Here’s what’s happening:\nPrices:GDP cooled. Jobless claims sank, underlining the current tight job market and an economy that was still rising. But bitcoin and other cryptos were largely unimpressed by the latest data.\nInsights:Litecoin has operated largely out of the spotlight, even as its price has held up better than other cryptocurrencies.\nCoinDesk Market Index (CMI)\n1,078.95\n−14.7▼1.3%\nBitcoin (BTC)\n$22,892\n−322.5▼1.4%\nEthereum (ETH)\n$1,582\n−41.5▼2.6%\nS&P 500 daily close\n4,060.43\n+44.2▲1.1%\nGold\n$1,931\n−10.1▼0.5%\nTreasury Yield 10 Years\n3.49%\n▲0.0\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nBitcoin Remains Unimpressed by Latest GDP, Jobs Data\nBy James Rubin\nBitcoin was unimpressed by the latest U.S. gross domestic product (GDP) data, an unexpectedly small jump that suggested the economy was cooling, and jobless claims that indicated it was not.\nThe largest cryptocurrency by market capitalization was recently trading a little below its most recent $23,000 support line, down 1.4% over the past 24 hours. Still Bitcoin\'s more than 35% rise this year remains a feel-good story, even if analysts remain wary about its short-term prospects, along with those of other cryptos still reeling from the industry misdeeds of 2022.\n"An uptick in volume in conjunction with higher prices is generally a bullish sign," CoinDesk Crypto Markets Analyst Glenn Williams wrote in his weekday column. "Flat prices however, signal that bullish and bearish investors are both actively expressing their market views."\nEther followed a similar slightly reddish path to trade just below its current $1,600 support. Other major cryptos sank more deeply with layer 1 network Aptos Network\'s APT token recently plunging nearly 5% to lose some of the ample ground it gained earlier this week. APT was changing hands comfortably over $17, far removed from its levels around $3.50 at the start of the year. Ethereum scaling tool Polygon\'s MATIC token was the exception to Thursday\'s price trend, recently rising more than 7%. MATICis upabout 45% in 2023 amida spikein daily transactions. The Polygon platform has the second-largest number ofdaily active users (DAU), according to data from Token Terminal.\nTheCoinDesk Market Index(CDI), an index measuring cryptos\' performance, recently decreased about 1%.\nEquity markets continued their uneven climb upward this year with the tech-heavy Nasdaq and the S&P 500, which has a hefty technology component, jumping 1.8% and 1.1%, respectively, even as fourth quarter earnings continued to tilt negative and a rising number of firms announced layoffs in anticipation of an economic contraction. Since the start of the year, Amazon, Microsoft, Salesforce and more recently IBM have announced job cuts.\nThe 2.5% rise in GDP and an unexpected decline in jobless claims on Thursday had little impact on the current investment environment, which turned cautiously hopeful that inflation will continue waning without the economy falling into deep recession. That combination would likely enable the U.S. central bank to ratchet back the size of its next interest rate hike next week.\nIn an interview on CoinDesk TV\'s "First Mover" program, Jason Pagoulatos, markets associate at research group Delphi Digital, said that he didn\'t think the latest GDP would have a great affect on crypto markets. Pagoulatos said that instead, investors were eyeing the Federal Reserve\'s upcoming interest rate decision, although more for accompanying comments than whether Fed governors raise interest rates by 25 or 50 basis points.\n"The market knows that the rate hikes are going continue but at a slower pace until they reach whatever their terminal rate is," he said. "The main question is that people are trying to get clarity over is how long and then what that ultimately means for things that are still showing signs of strength like the labor market."\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+7.9%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "+1.0%", "DACS Sector": "Computing"}]\n[{"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22125.1%", "DACS Sector": "Entertainment"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22124.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\\u22124.0%", "DACS Sector": "Smart Contract Platform"}]\nLitecoin Forges Onward\nBy Sam Reynolds\nForgotten in the carnage of 2022, where new, fancy, layer 1 protocols had their price and total value locked (TVL) d
**Last 60 Days of Bitcoin's Closing Prices:**
[]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-01-27
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $442,438,113,250
- Hash Rate: 287769264.3540873
- Transaction Count: 303179.0
- Unique Addresses: 699439.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.55
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: VICTORIA, Seychelles, Jan. 16, 2023 (GLOBE NEWSWIRE) --OKX, the world-leading cryptocurrency platform, has issued updates for the week beginning January 16, 2023.
OKX makes paying gas fees with its Web3 wallet easy
OKX DEX is pleased to announce it is introducing a new feature that helps users quickly exchange a small quantity of mainstream assets into network tokens without having to transfer native blockchain tokens from another wallet or centralized exchange.
With this new feature named "Gas Station", users can trade seamlessly on the OKX DEX without having to worry that they’ll have insufficient network tokens to pay gas fees. The feature allows them to exchange the mainstream tokens (e.g. USDT, USDC, BNB, MATIC) they have in their OKX Web3 Wallet for the native blockchain tokens needed to pay gas fees.
Starting on January 17, the first 1,000 users to utilize the Gas Station feature will receive an extra 20% of network gas tokens.
To learn more, visitOKX DEX.
OKX Earn users get a personalized 2022 reportOKX is pleased to announce that its 500,000 Earn users can now explore the milestones they achieved with OKX Earn in 2022 on the OKX Pro App. In their personalized 2022 reports, OKX Earn users can, among other things, discover:
• The total worth of average earnings
• The total number of subscriptions
• The average APY and the highest APY users subscribed to
At the bottom of their report, users will receive a mystery box offering the chance to win:
• 99% APY on BTC
• 88% APY on ETH
• 66% APY on USDT
In 2022, OKX Earn users made more than $100 million in profits.
For more, please refer to theOKX Support Center.
For further information, please contact:[email protected]
ENDS
About OKXOKX is a world-leading technology company building the future of Web3. Known as the fastest and most reliable crypto trading platform for investors and professional traders everywhere, OKX’scrypto exchangeis the second largest globally by trading volume.
OKX’s leading self-custody solutions include the Web3-compatibleOKX Wallet, which allows users greater control of their assets while expanding access to DEXs, NFT marketplaces, DeFi, GameFi and thousands of dApps.
OKX partners with a number of the world’s top brands and athletes, including English Premier League champions Manchester City F.C., McLaren Formula 1, the Tribeca Festival, golfer Ian Poulter, Olympian Scotty James and F1 driver Daniel Ricciardo.
OKX is committed to transparency and security and publishes itsProof of Reserveson a monthly basis.
To learn more about OKX, download our app or visit:okx.com...
- Reddit Posts (Sample): [['u/Hot_Difficulty6799', 'How to Sell a Car in California. On the Blockchain.', 29, '2023-01-27 00:06', 'https://www.reddit.com/r/Buttcoin/comments/10m5ey2/how_to_sell_a_car_in_california_on_the_blockchain/', 'Fortune Crypto [reports](https://fortune.com/crypto/2023/01/26/california-announces-dmv-run-blockchain-through-partnership-with-tezos/) that the California DMV is now putting vehicle titles on a blockchain. The blockchain in question is called Tezos. \n\nThis will be to the benefit of the husband and wife scammer team behind the Tezos blockchain.\n\nReuters has a good rundown on [their history of self-dealing] (https://www.reuters.com/article/us-bitcoin-funding-tezos-specialreport-idUSKBN1CN35K). \n\nThey had done an ICO, where they awarded themselves a whole lot of their own coins. They had called the coins "donations," as if this word was a magical incantation, that stopped them from being unregistered securities. And they had muscled out a partner from his share of the coins, keeping those coins for themselves.\n\nI would like here to quickly mention the absurdity of using blockchain, a technology designed for decentralized trustless systems, for a centralized system with a trusted authority.\n\nAnd then explain in considerable detail how a Californian who owns an automobile might set up a their crypto-wallet, where they would store the proof of their vehicle ownership. And how they would then transfer a vehicle title.\n\nAccording to the Fortune article, the California DMV intends to attend to the wallets problem pretty quick:\n\n>Ajay Gupta, the chief digital officer at the California DMV, said that the agency hopes to finalize its “shadow ledger,” or a full replication of the state’s title database on the blockchain, within the next three months before building consumer-facing applications, including digital wallets that hold car title NFTs. \n\nThis is [how wallets currently work](https://tezos.gitlab.io/user/key-management.html), for the Tezos blockchain.\n\nThe keys to your car, so to speak, are by default stored in unencrypted form in the $OCTEZ_HOME_DIR, in a subdirectory craftily called secret_keys.\n\n(Tezos seems to be assuming that you are running linux.\n\nI\'m ok with linux, myself.\n\nBut for my mother, who is 87, and has a car she never drives anymore, and so might want to sell soon, probably not so much.)\n\nTo set up your vehicle-title wallet, you cd to the proper directory, and then type, at a command prompt (mom, are you listening?), something like this:\n\n ./octez-client import secret key my_ledger ledger\n \nThis is assuming, of course, that your ledger is called my_ledger, and that the type of ledger you have got is ledger.\n\nNow, having your private key set up, let\'s say you want to sell your car. \n\nFirst, keygen some more keys:\n\n octez-signer gen keys mom\n\nThen, launch the signer service, as a daemon:\n\n octez-server launch http signer -a home\n\nOh fuck it.\n\nThis is so totally absurd.\n\nA husband and wife team of con-people has sold the California DMV on a hairbrained scheme to put vehicle titles, as NFTs, on a blockchain.\n\nCalifornia is probably going to get vehicle title day traders, who wash trade their accumulated vehicle titles, all day long.\n\nThey are probably going to get people falsely claiming their vehicle title was "hacked," in some scam I don\'t understand. \n\nAnd my 87-year-old mother is probably going to transfer her automobile title into the void.\n\nPlease, U.S. Securities and Exchange Commission, please.\n\nI know you lack resources to go after every illegal seller of crypto unregistered securities. You need to pick your battles.\n\nBut please please please sue the husband and wife scammer team of Kathleen and Andrew Brietman, for their selling unregistered securities. And please work with the U.S. Department of Justice, to put them in prison, as well.\n\nDo this immediately.\n\nThe California DMV, falling for an obvious scam, is really really bad. You need to stop it right now.\n\nPlease?', 'https://fortune.com/crypto/2023/01/26/california-announces-dmv-run-blockchain-through-partnership-with-tezos/', '10m5ey2', [['u/biffbobfred', 20, '2023-01-27 00:15', 'https://www.reddit.com/r/Buttcoin/comments/10m5ey2/how_to_sell_a_car_in_california_on_the_blockchain/j611gey/', 'I can guarantee 95+% of complains were “gee I wish there were more agents and the lines were shorter”. Maybe 1% were “I wish title transfer was something I could see”. The “they could have used that blockchain money to hire clerks” is strong in this one \n\nIf titles have addresses attached it’s a privacy problem. If titles do not have addresses attached they’re incomplete and there’s some other DB they could use anyway.', '10m5ey2'], ['u/gaterooze', 17, '2023-01-27 00:45', 'https://www.reddit.com/r/Buttcoin/comments/10m5ey2/how_to_sell_a_car_in_california_on_the_blockchain/j615s38/', ">An obvious application would be allowing people to transfer car ownership between digital wallets through an NFT version of their title, with the DMV acting as a middleman to ensure that all the sale obligations are completed.\n\nSo the NFT part is useless, it all relies on a centralized authority? Greeeeaaaattt... I'm sure this will end well.", '10m5ey2'], ['u/grauenwolf', 11, '2023-01-27 02:18', 'https://www.reddit.com/r/Buttcoin/comments/10m5ey2/how_to_sell_a_car_in_california_on_the_blockchain/j61iouy/', "You mean this quote?\n\n> “The DMV’s perception of lagging behind should definitely change,” Gupta told Fortune in an exclusive interview. \n\n1. The actual quote says nothing about blockchain.\n2. The quote cites an interview. Well where is this interview?\n3. Who's to say this quote wasn't a complete fabrication?\n\nI used to be a journalist. This is not how I would present an interview about such a dramatic change.", '10m5ey2']]], ['u/Muted-Exchange4720', 'My Trading Experiment Does Really Well In Multiple Market Environments!', 42, '2023-01-27 01:28', 'https://www.reddit.com/r/Daytrading/comments/10m78og/my_trading_experiment_does_really_well_in/', 'How\'s it going guys? It\'s been a while since I have made a post due to some craziness going on irl! I decided to come back and try my hand at beating the markets, so here we go! I plan to start a personal series that will include experimentation of strategy ideas, absorb any feedback you guys give, and improve my strategies! If we find a strategy that wins in both the bull and bear markets beyond backtests, our work here is done.\n\nNote: I decided to go with cryptocurrency for this post because I never trade them much, but I figured it would be cool to change things up!\n\n**Part 1: The Strategy Design:**\n\nhttps://preview.redd.it/2d8x1rbbchea1.png?width=1168&format=png&auto=webp&v=enabled&s=a8ddfbb4544a46a071e2866b2b4fddb68fc484e6\n\nFirst, let\'s give this strategy a name. We\'ll call it "Experiment #1." Experiment #1 looks at an asset\'s Volume and RSI to trigger an order. The layout for this strategy goes as follows: If the Volume of Bitcoin or Ethereum (the only two assets being used for this strategy) is up relative to the previous trading day, and the RSI is below 45, then this strategy will trigger a buy order. If the Volume of the asset the trade was taken on is down compared to the previous trading day, then a sell order will be executed.\n\nThis strategy operates on the 1 Day timeframe and has a "shield" that serves as a -3% stop loss. When triggered, it closes the affected position and pauses trading for the next week. All of this is done automatically.\n\nhttps://preview.redd.it/jo4861idchea1.png?width=524&format=png&auto=webp&v=enabled&s=293ef879dac66269b34d1df70572c27bc2b535fb\n\n**Part 2: Results:**\n\nLet\'s start the result section by checking out how this strategy performs in a bear market. The first one that comes to mind is the one we are currently in! However, let\'s exclude 2023 and track the backtest results of this strategy for the year of 2022 (Jan,1 2022 - Jan 1, 2023) Here are the results:\n\nhttps://preview.redd.it/xtzdrxifchea1.png?width=834&format=png&auto=webp&v=enabled&s=06af87b9e4b49ec4eefe9e50f9e4a32cee138aa3\n\nhttps://preview.redd.it/x6ihkqvgchea1.png?width=766&format=png&auto=webp&v=enabled&s=7ede138b5d7f24e0acfd0028abb58306bacd138f\n\nAlright, so there is a decent amount to unpack here. The first thing to note is the overall performance of the strategy relative to the assets it is trading on. Experiment #1 returned a modest -20.11%. You might be thinking, wow that sucks! In a way you are right! However, during this same period of time Bitcoin and Ethereum returned a tragic -66.53%.\n\n[Visual chart of Experiment #1 Vs. SPY](https://preview.redd.it/h1x9nzxichea1.png?width=2400&format=png&auto=webp&v=enabled&s=c42b4ea54ec34cc233083fd65093c1cccfff9a55)\n\nAs you can see detailed above, during this period SPY returned -19.71%, only beating this strategy by 0.4%. Other notable metrics include the overall risk potential of this strategy (-44.78%) and the impact of fees on this strategy (37.95%). The overall fees could use some work, but it\'s a good start.\n\n**Part 3,** **Bull Market:**\n\nThis is where things get SPICY. We all know 2021 was the year of some next level euphoria, and many cryptocurrencies did exceptional. However, the year was quite volatile, and a lot of people still ended up losing money. Here is how Experiment #1 held up:\n\nhttps://preview.redd.it/eoi1bm4lchea1.png?width=778&format=png&auto=webp&v=enabled&s=75ea2ffacdc7d904f2dc5405278349076ddcb696\n\nhttps://preview.redd.it/duk5oy5mchea1.png?width=766&format=png&auto=webp&v=enabled&s=c97a827292f67f7e20e93a92fe08cb3701331bb0\n\nI gotta say...not to bad! Sure, the assets that were traded on returned nearly 300%, but this strategy absolutely crushed the S&P500 with a return of 139.74% and fees only co...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
| |
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['ATLANTA and NEW YORK , Jan. 28, 2023 /PRNewswire/ \x96 Cryptocurrency futures trading has become a popular way for traders to gain exposure to the volatile digital asset market without owning the underlying assets themselves. These financial derivatives allow traders to speculate on the future price movements of various cryptocurrencies, such as Bitcoin and Ethereum . Let\'s take a closer look at what cryptocurrency futures trading is, and how to trade crypto futures with Covo Finance , a fully decentralized Exchange. Trade Crypto Futures with Covo Finance DEX Basics of Cryptocurrency Futures A Crypto futures contract is a legally binding agreement between two parties to buy or sell an underlying crypto at a predetermined price and date in the future. This type of contract is commonly used in traditional markets, such as commodities, to manage price risk and provide liquidity. However, with the rise of digital currencies, futures contracts have been adapted to apply to the cryptocurrency market. Traders can take a long or short position on a particular cryptocurrency , speculating on whether the price will go up or down in the future. For example, if traders believe that Bitcoin will rise, they can take a long position by purchasing a futures contract. If the price of Bitcoin increases, the trader will make a profit, while if the price goes down, they will incur a loss. Similarly, if a trader believes that the price of Bitcoin will decrease, they can take a short position by selling a futures contract. In this case, if the price of Bitcoin drops, the trader will make a profit. One of the main advantages of cryptocurrency futures trading is the ability to use leverage. Leverage allows traders to make large trades with relatively small capital. For example, if a trader wants to take a $10,000 position on Bitcoin , they would only need to put up a fraction of that amount as collateral. How to Trade Cryptocurrency Futures Choose a reputable exchange: Several DEXs such as Covo Finance offer crypto futures trading, which enables traders to buy crypto futures for major currencies directly from their wallets with up to 50x leverage. Connect wallet: To start trading, Traders need to connect their wallets, such as MetaMask or Trust Wallet. Fund wallet: Before starting trading crypto futures, traders will need to fund their wallet with the crypto of choice for collateral. Choose a futures contract: Once the wallet is funded, traders can choose the crypto futures they want to trade along with the leverage to use. Place order: Traders can choose whether to go long or short on the crypto and set a stop loss to limit potential losses. Story continues Crypto Futures Trading with Covo Finance Trading crypto futures on a decentralized exchange (DEX) like Covo Finance is different from trading on a centralized exchange; DEX provides greater security and reduces the risk of hacking or 3rd party custodial risks. But the basic principles remain the same. Covo Finance, a 100% decentralized spot and perpetual exchange, has emerged as one of the best options for crypto futures trading. The platform allows users to trade major cryptocurrencies such as Bitcoin , Ethereum , and Chainlink tokens directly from their crypto wallets. One of the main advantages of Covo Finance is its low trading fees and zero price-impact trades, which make it the fastest-growing spot and futures DEX on the Polygon network. Additionally, the platform offers perpetual futures trading with up to 50x leverage , making it an excellent option for experienced traders. Despite the potential benefits of cryptocurrency futures trading, several risks also exist. One of the main risks is the volatility of the underlying assets. Digital currencies are known for their high volatility, making it difficult to predict price movements. This volatility can lead to significant losses for traders who need to be better versed in the market. Cryptocurrency futures trading allows traders to gain exposure to the digital asset market without owning the underlying assets themselves. Additionally, the ability to use leverage and trade on margin can provide traders with the potential to make more significant profits. In conclusion, cryptocurrency futures trading is a popular investment strategy that allows traders to speculate on the future price movements of various cryptocurrencies. While Covo Finance\'s low trading fees, zero price-impact trades, and its new mechanism for its "COVO Pool" that facilitates all platform trades while maximizing interest earned on users\' crypto make it one of the best options for crypto futures trading. Photo - https://mma.prnewswire.com/media/1991550/Covo_Finance_DEX.jpg Logo - https://mma.prnewswire.com/media/1991102/Covo_Finance_Logo.jpg Covo Finance Logo (PRNewsfoto/Covo Finance) Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/trade-crypto-futures-with-covo-finance-dex-301732955.html SOURCE Covo Finance', 'ATLANTA and NEW YORK , Jan. 28, 2023 /PRNewswire/ \x96 Cryptocurrency futures trading has become a popular way for traders to gain exposure to the volatile digital asset market without owning the underlying assets themselves. These financial derivatives allow traders to speculate on the future price movements of various cryptocurrencies, such as Bitcoin and Ethereum . Let\'s take a closer look at what cryptocurrency futures trading is, and how to trade crypto futures with Covo Finance , a fully decentralized Exchange. Trade Crypto Futures with Covo Finance DEX Basics of Cryptocurrency Futures A Crypto futures contract is a legally binding agreement between two parties to buy or sell an underlying crypto at a predetermined price and date in the future. This type of contract is commonly used in traditional markets, such as commodities, to manage price risk and provide liquidity. However, with the rise of digital currencies, futures contracts have been adapted to apply to the cryptocurrency market. Traders can take a long or short position on a particular cryptocurrency , speculating on whether the price will go up or down in the future. For example, if traders believe that Bitcoin will rise, they can take a long position by purchasing a futures contract. If the price of Bitcoin increases, the trader will make a profit, while if the price goes down, they will incur a loss. Similarly, if a trader believes that the price of Bitcoin will decrease, they can take a short position by selling a futures contract. In this case, if the price of Bitcoin drops, the trader will make a profit. One of the main advantages of cryptocurrency futures trading is the ability to use leverage. Leverage allows traders to make large trades with relatively small capital. For example, if a trader wants to take a $10,000 position on Bitcoin , they would only need to put up a fraction of that amount as collateral. How to Trade Cryptocurrency Futures Choose a reputable exchange: Several DEXs such as Covo Finance offer crypto futures trading, which enables traders to buy crypto futures for major currencies directly from their wallets with up to 50x leverage. Connect wallet: To start trading, Traders need to connect their wallets, such as MetaMask or Trust Wallet. Fund wallet: Before starting trading crypto futures, traders will need to fund their wallet with the crypto of choice for collateral. Choose a futures contract: Once the wallet is funded, traders can choose the crypto futures they want to trade along with the leverage to use. Place order: Traders can choose whether to go long or short on the crypto and set a stop loss to limit potential losses. Story continues Crypto Futures Trading with Covo Finance Trading crypto futures on a decentralized exchange (DEX) like Covo Finance is different from trading on a centralized exchange; DEX provides greater security and reduces the risk of hacking or 3rd party custodial risks. But the basic principles remain the same. Covo Finance, a 100% decentralized spot and perpetual exchange, has emerged as one of the best options for crypto futures trading. The platform allows users to trade major cryptocurrencies such as Bitcoin , Ethereum , and Chainlink tokens directly from their crypto wallets. One of the main advantages of Covo Finance is its low trading fees and zero price-impact trades, which make it the fastest-growing spot and futures DEX on the Polygon network. Additionally, the platform offers perpetual futures trading with up to 50x leverage , making it an excellent option for experienced traders. Despite the potential benefits of cryptocurrency futures trading, several risks also exist. One of the main risks is the volatility of the underlying assets. Digital currencies are known for their high volatility, making it difficult to predict price movements. This volatility can lead to significant losses for traders who need to be better versed in the market. Cryptocurrency futures trading allows traders to gain exposure to the digital asset market without owning the underlying assets themselves. Additionally, the ability to use leverage and trade on margin can provide traders with the potential to make more significant profits. In conclusion, cryptocurrency futures trading is a popular investment strategy that allows traders to speculate on the future price movements of various cryptocurrencies. While Covo Finance\'s low trading fees, zero price-impact trades, and its new mechanism for its "COVO Pool" that facilitates all platform trades while maximizing interest earned on users\' crypto make it one of the best options for crypto futures trading. Photo - https://mma.prnewswire.com/media/1991550/Covo_Finance_DEX.jpg Logo - https://mma.prnewswire.com/media/1991102/Covo_Finance_Logo.jpg Covo Finance Logo (PRNewsfoto/Covo Finance) Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/trade-crypto-futures-with-covo-finance-dex-301732955.html SOURCE Covo
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-01-28
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $442,474,891,350
- Hash Rate: 313930106.5680952
- Transaction Count: 268849.0
- Unique Addresses: 637939.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.52
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Counting down the final days of 2022, investors should be extremely careful in their approach to these top cryptos to watch. Technically speaking, the holiday season resulted in less participation. Therefore, trading volume declined in recent sessions, making virtual currencies susceptible to large moves via aberrant transactions. However, such dynamics can lead to both quick gainsandlosses, requiring tremendous vigilance.
Over the trailing week, cryptos haven’t moved much. In total, the market capitalization of the blockchain ecosystem measured around $809 billion. At the time of writing, this tally increased to approximately $813 billion, or roughly the equivalent of a half-percent move. Until participation improves significantly, investors may want to stay on the sidelines.
Fundamentally, arguably the biggest driver for cryptos is the real M2 money stock. A multi-year analysis demonstrates that the money supply and the benchmark virtual currencyshare a strong direct correlation. In other words, as the money supply increases, so too do cryptos because of the inflationary implications.
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However, the opposite appears to be true as well: a shrinking money supply generally equates to lower valuations for cryptos. With the Federal Reservecommitted to a hawkish monetary policy, investors must exercise caution regarding the below digital assets.
[{"BTC-USD": "ETH-USD", "Bitcoin": "Ethereum", "$16,817.00": "$1,215.33"}, {"BTC-USD": "USDT-USD", "Bitcoin": "Tether", "$16,817.00": "$1.00"}, {"BTC-USD": "BNB-USD", "Bitcoin": "Binance Coin", "$16,817.00": "$247.26"}, {"BTC-USD": "XRP-USD", "Bitcoin": "XRP.", "$16,817.00": "$0.37"}, {"BTC-USD": "ADA-USD", "Bitcoin": "Cardano", "$16,817.00": "$0.26"}, {"BTC-USD": "SHIB-USD", "Bitcoin": "Shiba Inu", "$16,817.00": "$0.0000082"}]
Source: Viacheslav Lopatin / Shutterstock.com
After a few signs of life earlier this month,Bitcoin(BTC-USD) again finds itself trading below the $17,000 threshold. This circumstance presents challenges for investor sentiment because BTC has been steadily losing ground regarding psychological thresholds.
At the beginning of this year, Bitcoin struggled to maintain control of the 50K threshold. By late April, it had lost the ability to hold steady at 40K. For a brief period in May, 30K acted as a critical support line, which then gave way to 20K. Failing to maintain that level, Bitcoin’s inability to return to 20K clashes with the permabull view. After all, 20K represented the peak of the last bull run (which culminated in late 2017). Continuing to trade below this point represents an eyesore, to say the least.
Unfortunately, broader fundamentals don’t seem very supportive of BTC and other cryptos. Again, with the Federal Reserve showing no signals of reversing its hawkish policies, Bitcoin may struggle during 2023’s early cycle. Bitcoin still remains one of the top cryptos to watch.
Source: Shutterstock
As with Bitcoin and other cryptos, investors must exercise caution regardingEthereum(ETH-USD) in the waning days of 2022. Recently,Benzinganoted thatlarge transactions– greater than $100,000 – reached a lull. While this decline centered on Bitcoin, the charts demonstrate that Ethereum has also incurred reduced volume. Therefore, investors need to be careful about committing too strongly to aberrant moves.
To be fair, analysts in the blockchain space noted that the U.S. dollar index appears poised for further weakness. Given the inverse relationship between the dollar index and risk-on assets (like cryptos), further greenback erosion could yield gains for digital assets. While I’m not going to dismiss this theory outright, market participants must be careful.
Throughout 2022, the Fed demonstrated zero qualms about raising the benchmark interest rate to combat inflation. And even when some evidence showed thatinflation hit a peak, policymakers continued to tighten the money supply. So, even if the dollar weakens, the Fed could theoretically prop it back up rather easily. ETH is also another one of the top cryptos to watch heading into 2023.
Source: DIAMOND VISUALS / Shutterstock.com
One of the few cryptos to which I see very little point in heavy exposure isTether(USDT-USD), which presents what I believe to be an unacceptable risk-reward profile. During a decisively bullish cycle, Tether and other stablecoins offer a significant convenience. Essentially, one doesn’t need to convert fiat currencies to crypto coins if they already have their trading funds in USDT.
Unfortunately, in a bearish cycle, long-side opportunities are few and far between. Combined with the non-zero possibility of Tetherimplodinglike other stablecoins, the rewards are little to none. But the risks rank as catastrophic. While one can always complain about Federal Reserve Notes, at least they enjoy backing from the U.S. government.
Unless you believe in conspiracy theories, Uncle Sam will be around for a while. To be fair, investors canearn tremendous intereston their Tether units. However, with blockchain platforms coming under fire lately, even this route presents risks. Therefore, let the buyer beware. Still, keep an eye on Tether as a top crypto to watch in 2023.
Source: Robert Paternoster / Shutterstock.com
Following the implosion of theFTXplatform, rivalBinanceinitially garnered relatively positive attention. As the financially sound enterprise of the two, Binance allegedly was in a position to bail out FTX. Of course, that didn’t happen. But for a while, Binance’s underlying crypto coinBNB(BNB-USD) bounced higher, in part because it wasn’t FTX.
Unfortunately for stakeholders, the enthusiasm toward BNB didn’t last that long. And in the trailing week, BNB represents the worst performer among cryptos trading in the top 10 by market cap. At the moment, the coin is down 2.2%. For those hoping for a contrarian opportunity, they may want to sit this one out for now. Compared to other cryptos, BNB’s technical profile continues to trend weakly. For instance, Bitcoin gradually traded higher since hitting a low point on Nov. 21. In contrast, BNB – after a brief jump higher – has been trading negatively.
Until fundamental circumstances improve for risk-on assets, it’s probably best to remain skeptical. Keep BNB on your list of top cryptos to watch in 2023.
Source: Shutterstock
From the worst performer in the trailing week to the best,XRP(XRP-USD) has taken stakeholders on a wild ride. At the time of writing, XRP gained about 6%, reflecting strong enthusiasm. Contrary to other cryptos, XRP does enjoy a significant fundamental catalyst to look forward to. Based on the latestlegal rumblings, a decision could arrive soon regarding the Securities and Exchange Commission’s lawsuit againstRipple Labs, the originator of XRP.
To briefly summarize, the SEC charges that Ripple sold $1.3 billion worth of XRP as securities and not cryptos. Per the regulatory agency, the alleged-to-be-illicit sales occurred between 2013 and December 2020. For its part, Ripple denies wrongdoing, consistently stating that XRP is a virtual currency.
On paper, a favorable ruling for Ripple would give XRP legal precedent, a status cryptos lack. Prior to the FTX bankruptcy, that might have meant something. However, with public sentiment turning against blockchain assets, investors need to be careful with XRP, irrespective of any legal decisions. Still, keep it on your list of top cryptos to watch in 2023.
Source: Shutterstock
In the trailing week,Cardano(ADA-USD) gained more than 2%, thus representing one of the best-performing cryptos during the period. However, against a longer-term framework, ADA suffered one of the worst declines. At the beginning of the year, ADA units traded for roughly $1.31. At the time of writing, they trade for a little more than 26 cents a pop. That’s about an 80% decline.
From a technical perspective, what’s particularly problematic about Cardano is that it hasn’t traded above its 200-day moving average since November of last year. And throughout this year, ADA only occasionally popped up above its 50 DMA. For most of this year, ADA traded well below this nearer-term indicator of market health, posing concerns among prospective investors.
Yes, you can say that Cardano trades at a relative discount. However, with cryptos struggling for traction against the Fed’s hawkish policy, it’s best to stay skeptical. Sadly, ADA lacks a meaningful upside catalyst amid the central bank’s deflationary storm. Here, too, keep ADA on your list of top cryptos to watch.
Source: salarko / Shutterstock.com
One of the more controversial cryptos,Shiba Inu(SHIB-USD) cuts a divisive profile. Some view it as nothing more than a passing fad. Others recognize the fundamental potential of decentralized communities and ecosystems beneath the oddball exterior. Still, let’s give credit where it’s due. Despite the troubles affecting virtual currencies, Shiba Inu still ranks as a top 15 virtual currency.
Unfortunately, that’s where most of the praise ends. On the surface, the lack of a pretentious directive – addressing global hunger, curing cancer, etc. – presented a refreshing take. Basically, people bought SHIB simply to have fun and to hopefully make a quick buck. No one had delusions of grandeur of replacing the dollar with dog memes.
At the same time, this renegade, don’t-give-an-[expletive] approach to cryptos failed to spare SHIB volatility. Since the start of the year, Shiba Inu lost roughly 75% of its market value. If anything, the downfall provides a sharp reminder: just because SHIB may seem like a joke doesn’t mean the subsequent losses are funny.
On the date of publication, Josh Enomotoheld a LONG position in BTC, ETH, USDT, XRP, and ADA.The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.
A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts w...
- Reddit Posts (Sample): [['u/ouuujumbleliahhhh', 'My dad (70) thought he called Norton but I’m positive it was a scam number from a google search he called.', 366, '2023-01-28 02:04', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/', 'I wiped his computer at Christmas for him so it would run better. I left the 30 day Norton antivirus that comes pre installed on and told him to pay for the subscription when it asked to renew. He tried to after the 30 day trial period but there was a problem processing payment, so he googled their number and I’m confident he called a scam number. They downloaded screen sharing apps on both his computer and his phone. He was on the call with them for an hour and a half. He probably tried various credit cards while screen sharing with them, and then his debit card. (His debit required two factor verification and he didn’t have his old phone number so he wasn’t able to get through with his debit.) The “agent” then started asking him about Bitcoin, this is when he ended the phone call. \nMy question is, aside from calling his banks, and changing some passwords, is there anything else he should do, or anything else we should be worried about? Any help would be greatly appreciated, I feel awful for him.', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/', '10n1u4u', [['u/DPMx9', 82, '2023-01-28 02:10', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j66f9nk/', 'As you already know, searching for phone numbers through search engines often return scam phone numbers - the only safe way to get those if from the actual website. Please make sure your father learns that.\n\nGenerally, the scam tech support scammers are just saying mumbo jumbo to scare victims into paying - if you run a malware/antivirus scan and the PC comes clean, it should be safe to use it.\n\nOf course, any passwords that may have been shared with the scammers need to be changes, and tightening security overall may help with future scam attempts.\n\nIt is hard to help older relatives stay safe if they are afraid of asking for help though, so please be extra nice and understanding with your father or others in a similar situation. The last thing you want is to make them less likely to ask for help next time.', '10n1u4u'], ['u/ouuujumbleliahhhh', 37, '2023-01-28 02:20', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j66gjc9/', 'Thank you, I will definitely do that. This is their (my mom and dad) first winter retired together and they just went away and I won’t be able to see them for another two months or so. I usually just drive out to their place to help with any tech stuff and evidently my father didn’t want to “bother” me with it this time. Anyway, I’ll try to do whatever I can over FaceTime. \nAs for the phone, without an antivirus software, is there anything I should do?\nThanks again', '10n1u4u'], ['u/cyberiangringo', 216, '2023-01-28 02:25', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j66h95a/', 'You already know the answer. The only way to be 100% sure is to wipe it and start all over. Indian call center scammers have been known to drop malware and establish persistence. 1 1/2 hours is a long time for them to have had remote access. The odds are good that a robust anti-virus scan would do the job, but they are just not 100%.', '10n1u4u'], ['u/ChiMello', 25, '2023-01-28 02:26', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j66hc1y/', 'You should probably wipe his computer again.', '10n1u4u'], ['u/DPMx9', 21, '2023-01-28 02:27', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j66hiuo/', 'I would ask a tech support forum for details on the best way to do the scanning - not our core expertise.', '10n1u4u'], ['u/Lykan_', 322, '2023-01-28 05:44', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j6755ot/', 'Remove Norton and leave windows defender to do its job.', '10n1u4u'], ['u/coffeeisnotlatte', 27, '2023-01-28 05:58', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j676ilu/', "OP, why didn't you install an adblocker in their browser? This would have prevented him even finding these scammers\n\nAlso remove Norton, it's pointless. If he downloads anything dodgy Windows Defender should catch it", '10n1u4u'], ['u/CarbonPhoenix96', 90, '2023-01-28 06:11', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j677w8a/', 'First mistake was not removing Norton. Might as well be a virus in and of itself', '10n1u4u'], ['u/Imanyce12', 16, '2023-01-28 06:17', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j678eib/', 'Sadly definetly a scammer. It is so upsetting that Google as well as various other companies have such loose morals when it comes to advertising on their platforms. Why is there no regulations to make sure all advertisers are legit to do business with. It is pure greed and laziness on all companies parts. We deserve better!!!', '10n1u4u'], ['u/gunnlaugr', 10, '2023-01-28 06:46', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j67b7xi/', 'Just reimage the pc. Tell him to freeze his credit and replace all the cards he tried. Probably need him to get a new account at the bank to make sure they can’t use that info too.', '10n1u4u'], ['u/Accomplished_Tear963', 15, '2023-01-28 08:14', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j67ije8/', '...and his phone. reset it back to the factory image', '10n1u4u'], ['u/coffeeisnotlatte', 11, '2023-01-28 08:24', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j67j9z8/', 'I’ve not had an adblocker break a real website in about a decade, there’s far more upsides to blocking all ads and scams than downsides', '10n1u4u'], ['u/AppleSpicer', 12, '2023-01-28 08:24', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j67ja3j/', 'I hate them. My mom called “Amazon” from one of the first results (an ad) and got fleeced 2500$ she doesn’t have', '10n1u4u'], ['u/Alert-Fly9952', 36, '2023-01-28 08:58', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j67lucz/', "I bought Norton back in the day, the day being the early 90s. It was a legit company that argubly, made great utilties that Mircosoft ~~stole,~~ ~~borrowed,~~ was inspired to ~~copy~~ innovate from.\n\n​\n\nBut these days it's really not needed.", '10n1u4u'], ['u/Space-Dribbler', 29, '2023-01-28 10:21', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j67rslr/', '100% this', '10n1u4u'], ['u/EstoyMejor', 56, '2023-01-28 13:19', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j684q3y/', 'The only person that scammed his dad was he who recommended Norton.', '10n1u4u'], ['u/ings0c', 46, '2023-01-28 14:00', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j688d9g/', 'Never, ever hand that awful company money.\n\nTheir product is useless and their business practices and sales tactics are abhorrent.\n\nThere is no need to pay for an AV in 2023', '10n1u4u'], ['u/No-Salt4637', 15, '2023-01-28 14:54', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j68dx2v/', 'It’s basically adware at this point', '10n1u4u'], ['u/LordChappers', 14, '2023-01-28 15:02', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j68eslj/', 'Also disable notifications in Chrome (if used) and Edge - prople often allow notifications for sites that send scam messages pretending to be antiviruses.', '10n1u4u'], ['u/ouuujumbleliahhhh', 48, '2023-01-28 15:13', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j68g2fm/', 'Learned from my mistake thank you.', '10n1u4u'], ['u/ouuujumbleliahhhh', 28, '2023-01-28 15:14', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j68g8ry/', 'Thank you, we wiped his computer and his phone. Called his banks and reset passwords.', '10n1u4u'], ['u/synthesthesio', 19, '2023-01-28 16:56', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j68tkec/', 'It sounds like you need to get him new bank cards too, no? He kept trying to pay with all the cards implies that he gave out the numbers to the scammer.', '10n1u4u'], ['u/ouuujumbleliahhhh', 20, '2023-01-28 16:58', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j68tsjw/', 'He cancelled all his cards and has new ones being sent yes.', '10n1u4u'], ['u/mnorkk', 11, '2023-01-28 19:26', 'https://www.reddit.com/r/Scams/comments/10n1u4u/my_dad_70_thought_he_called_norton_but_im/j69fhj8/', 'Just to be clear, "no need to pay" should not be confused with "no need to use". Viruses certainly do exist and AV software on the endpoint is the best way to protect a device at home but there are plenty of free options that detect the same viruses as the paid ones.', '10n1u4u']]], ['u/tenthousandbottles', 'The Bitcoin Reddit sub is hiding a ton of stuff, does this mean Bitcoin actually IS a scam?', 35, '2023-01-28 02:20', 'https://www.reddit.com/r/btc/comments/10n27mi/the_bitcoin_reddit_sub_is_hiding_a_ton_of_stuff/', 'I have been reading this sub nonstop for about a week. Thank you for the people here who gave me the resources to understand Bitcoin. And I finally understand what happened with Blockstream. They completely fucked Bitcoin! Therefore Bitcoin doesn\'t work very well for making...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Ed Jackson’s rugby career ended suddenly at age 28 when he broke his neck after diving into the shallow end of a swimming pool. The former Bath, Wasps and Dragons No 8 was left quadriplegic, with the best he could hope for being enough functionality in his arms to control a wheelchair.\nMore than five years on, he is up on his feet and climbing mountains for his charity, Millimetres2Mountains.org, and others. He has also carved out a \xadsuccessful career as a public speaker and television presenter on Channel 4.\nMy first real job was as a rugby player, straight out of school. It was a dream come true, as a 16-year-old basically playing PE for the rest of your life. I think my first contract was £13,000, which wasn’t much looking back, but as we were training every day and didn’t have many outgoings it felt a lot.\nNo. My dad kicked me straight out. He’s very much a “you’ve got to make your own way” type of guy. However, he owned a place, which I and three other rugby players at Bath shared. And he actually charged me £100 more a month in rent than my friends, which I thought was child abuse at the time! That was the Yorkshireman in him.\nAbout five years into my career quite a few of my peers were having to retire through injury and the players association encouraged me think about a post-rugby career.\nReluctantly, I did a degree in leadership and management, which I ended up really enjoying. It helped my rugby, providing a distraction from the sport. It also kept me more level headed, as rugby can be a roller coaster, with all the highs and lows of selections, injuries, contracts and so on.\nWhen I finished the degree I spoke to friends. One, who was in insurance and commercial property, seemed to be having the most fun and was always on the golf course. So I did a Masters in real estate finance, with a view to going into commercial property.\nI broke my neck, had spinal cord injury and was left completely paralysed from the shoulders down. Within a day, though, I had some sensation back.\nAt that point they told me I’d never walk again, but I might get use of my arms back so I could use a wheelchair. This was kind of what I came to accept, initially.\nAs it was, I got lucky. I’m now independent and back on my feet. I’m still quadriplegic, which seems a strange term, but all it really means is all four limbs are affected. I’m not a full quad, rather a walking quadriplegic, and there’s a whole load of us \xadhobbling around.\nI was terrified. It didn’t seem real, going from being a professional athlete to being the complete opposite. What moved me beyond focusing on “why me” and “I don’t want to be here anymore” was hearing I’d be reliant on my family, forever. This spurred me on to spend every waking moment just \xadtrying to move something. It wasn’t that I\xad \xaddisbelieved the doctors, but rather I knew I could never forgive myself if I didn’t try.\nWithin days I could wiggle my toes, and four months later I could get out of the wheelchair and move about on crutches. Progress is slower now, but at least I can walk.\nAbout a year after the accident, I set myself the challenge of climbing Snowdon. I didn’t think I’d get to the top, but I wanted people to see I was on my feet.\nI guess I had a shop window because of the rugby, so I was being contacted via my blog, which logged my progress, with people wanting to join in.\nI thought a few people might turn up, but there were around 70 there to offer support and to walk. We shared our \xadstories, walking side by side, and it all started from there.\nMillimetres2Mountains started out fundraising for a spinal unit in Nepal, which we still support. The main aim now is to help other people who have been through trauma. We run a beneficiary programme, whereby we take people who have been through physical or psychological trauma on an adventure, so they meet others who have been through a tough time, and talk.\nWe realised that this was beneficial while it lasted, but many were just slipping back into old patterns when they got home. So, we starting to fund ongoing life coaching, training, therapy, whatever’s needed.\nWe also have smaller community projects designed to get people out and about, on community walks for example.\nMillimetres2Mountains has raised about £300,000 and I’ve probably raised a similar amount myself by \xadtaking on challenges for other charities such as Restart, the rugby charity.\nWe were climbing Himlung Himal on the Tibet-Nepal border in March, \xadaiming for the height record for someone with a spinal injury, which we achieved. Anyway, there was an accident on the descent where our guide fell down a crevasse. We were stuck overnight on the mountain at minus 30C (minus 22F) and all ended up being \xadrescued by helicopter. That was a close call.\nPutting my feet up with a few beers. After a challenge, I feel I’ve earned it.\nSpender. Not on material things, though. I love to travel, so a lot goes on flights.\nI do, but I’m not very good with money in that respect. I have people I completely trust who take care of that for me.\nMy friend from university owns a wine investment company called Cult Wines, and I invested some money in their wine about six years ago and it has \xadoutperformed any other investment I’ve ever made. I could take a bottle out and drink it, but\nBitcoin. But luckily, I didn’t put much money in. Hopefully it will turn back around.\nBefore, I directly associated my self-worth with the number on my contract. Now I want and just need enough money to have a roof over my head, be happy and be able to do the things I love.\nThe charity, for example, isn’t my job. I don’t make any money from it. I went into public speaking and television work, things that aren’t time restrictive but pay reasonably well, so I can pursue my interests. This mindset shift, from associating money with self-worth to viewing it as a means to an end, is probably my best money lesson.\nFor more information about Ed Jackson’s charity, including on forthcoming trips to Petra, Nepal and Norway, see millimetres2mountains.org', "Ed Jackson - Tony Marshall/Getty Images Europe Ed Jackson’s rugby career ended suddenly at age 28 when he broke his neck after diving into the shallow end of a swimming pool. The former Bath, Wasps and Dragons No 8 was left quadriplegic, with the best he could hope for being enough functionality in his arms to control a wheelchair. More than five years on, he is up on his feet and climbing mountains for his charity, Millimetres2Mountains.org, and others. He has also carved out a \xadsuccessful career as a public speaker and television presenter on Channel 4. What was your first job? My first real job was as a rugby player, straight out of school. It was a dream come true, as a 16-year-old basically playing PE for the rest of your life. I think my first contract was £13,000, which wasn’t much looking back, but as we were training every day and didn’t have many outgoings it felt a lot. Were you still living at home? No. My dad kicked me straight out. He’s very much a “you’ve got to make your own way” type of guy. However, he owned a place, which I and three other rugby players at Bath shared. And he actually charged me £100 more a month in rent than my friends, which I thought was child abuse at the time! That was the Yorkshireman in him. Did you have a ‘Plan B’ if rugby didn't work out? About five years into my career quite a few of my peers were having to retire through injury and the players association encouraged me think about a post-rugby career. Reluctantly, I did a degree in leadership and management, which I ended up really enjoying. It helped my rugby, providing a distraction from the sport. It also kept me more level headed, as rugby can be a roller coaster, with all the highs and lows of selections, injuries, contracts and so on. When I finished the degree I spoke to friends. One, who was in insurance and commercial property, seemed to be having the most fun and was always on the golf course. So I did a Masters in real estate finance, with a view to going into commercial property. Story continues Ed Jackso - Tom Jenkins/Getty Images Europe What were your expectations after the accident? I broke my neck, had spinal cord injury and was left completely paralysed from the shoulders down. Within a day, though, I had some sensation back. At that point they told me I’d never walk again, but I might get use of my arms back so I could use a wheelchair. This was kind of what I came to accept, initially. As it was, I got lucky. I’m now independent and back on my feet. I’m still quadriplegic, which seems a strange term, but all it really means is all four limbs are affected. I’m not a full quad, rather a walking quadriplegic, and there’s a whole load of us \xadhobbling around. How did you respond to the prognosis? I was terrified. It didn’t seem real, going from being a professional athlete to being the complete opposite. What moved me beyond focusing on “why me” and “I don’t want to be here anymore” was hearing I’d be reliant on my family, forever. This spurred me on to spend every waking moment just \xadtrying to move something. It wasn’t that I\xad \xaddisbelieved the doctors, but rather I knew I could never forgive myself if I didn’t try. Within days I could wiggle my toes, and four months later I could get out of the wheelchair and move about on crutches. Progress is slower now, but at least I can walk. Ed Jackson - Instagram How did you get into fundraising? About a year after the accident, I set myself the challenge of climbing Snowdon. I didn’t think I’d get to the top, but I wanted people to see I was on my feet. I guess I had a shop window because of the rugby, so I was being contacted via my blog, which logged my progress, with people wanting to join in. I thought a few people might turn up, but there were around 70 there to offer support and to walk. We shared our \xadstories, walking side by side, and it all sta
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-01-29
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $450,992,967,975
- Hash Rate: 311001352.7915209
- Transaction Count: 258583.0
- Unique Addresses: 616633.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.55
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin prices rebounded above US$18,000 on Friday at 11:00 p.m. in Hong Kong as the U.S. Consumer Price Index, a key inflation indicator, rose 6.5% in December from a year earlier, matching expectations and continuing a downtrend from previous months. See related article: Markets: Bitcoin, Ether rise as investors await US inflation data; Polkadot gains Fast facts Bitcoin, the largest cryptocurrency by market capitalization, breached US$18,000 for the first time in nearly a month in the lead-up to the U.S. Bureau of Statistics releasing Decembers inflation data on Thursday, according to CoinMarketCap data . Bitcoins value has recovered by more than 7% over the past week after recording yearly lows following the collapse of FTX, once the worlds second-largest cryptocurrency exchange. Bitcoin is still down more than 70% from its peak in November 2021, when it reached a record high of over US$68,000. It was trading at US$18,100 Thursday midnight in Hong Kong. Ethereum also fell slightly after the inflation data was released, and was trading at US$1,386. It was up 4.62% in the 24 hours to midnight in Hong Kong. The S&P 500 opened Thursday 2.64% higher than the previous close, while the Nasdaq Composite started the trading day up 3.34%. Many investors hope the latest CPI data, which showed the largest monthly decline since April 2020, could slow down the Federal Reserves aggressive rate hikes. The data confirms that inflation is finally being tamed, which means theres a higher chance that the Federal Reserve will pursue less aggressive interest rate hikes in the worlds largest economy, Nigel Green, chief executive of the fintech firm deVere Group said in an email to Forkast . Core CPI, which excludes energy and food prices, gained 0.3% month-over-month. Compared to a year ago, the Core CPI index has increased by 5.7%. See related article: NFT December sales surge to highest since June amid tax-loss harvesting (Updates headline and first paragraph to show Bitcoin prices gained.)...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin was up on Monday morning in Asia, reaching its highest price in five months. Ether also rose along with all other top 10 non-stablecoin cryptocurrencies, with Solana and Litecoin posting the biggest gains. The total cryptocurrency market capitalization has remained above US$1 trillion for the eighth consecutive day, the longest streak since August 2022. See related article: Bankrupt BlockFi asks court to approve bonuses to keep staff Fast facts Bitcoin traded 3.2% higher at US$23,764 in the 24 hours to 8 a.m. in Hong Kong, after reaching a high of US$23,918 overnight. It’s up 4.6% in the past calendar week. Ether was up 4.7% to US$1,645 on Monday morning, and 1.1% for the past week, according to data from CoinMarketCap . Solana, a network once backed by Sam Bankman-Fried, rose 8.9% to US$26.11, with a 7.8% weekly gain, as the network continues to recover from FTX-related damages . Litecoin was up 6% to change hands at US$94.98, bringing its weekly gains to 8.4%, after reporting that its network has had zero downtime in 11 years of existence. The total crypto market cap was up 3.2% to US$1.08 trillion, while the total trading volume rose 38% to US$51.28 billion. U.S. equities closed higher on Friday. The Dow Jones Industrial Average rose 0.1%, the S&P 500 Index gained 0.3% and the Nasdaq Composite Index finished up 1%. Three major tech companies are slated to release their earnings this coming week, Amazon.com Inc., Apple Inc. and Meta Platforms Inc., which will be closely watched for signs of whether recent widespread job cuts in the sector are to extend further into 2023. The U.S. Federal Reserve is meeting this week from Jan. 31 to Feb. 1. The Fed is expected to raise its benchmark interest rate by a further 25 basis points as part of its ongoing effort to cool down inflation. The central bank announced a 50-basis points rate hike to a targeted range between 4.25% and 4.5% last month. In December, the U.S. consumer price index, a leading inflation indicator, increased by 6.5% year-over-year, down from the 7.1% recorded in November for the largest monthly decline since April 2020. See related article: Are weak DAOs inviting attacks and manipulation?', 'Bitcoin was up on Monday morning in Asia, reaching its highest price in five months. Ether also rose along with all other top 10 non-stablecoin cryptocurrencies, with Solana and Litecoin posting the biggest gains. The total cryptocurrency market capitalization has remained above US$1 trillion for the eighth consecutive day, the longest streak since August 2022.\nSee related article:Bankrupt BlockFi asks court to approve bonuses to keep staff\n• Bitcoin traded 3.2% higher at US$23,764 in the 24 hours to 8 a.m. in Hong Kong, after reaching a high of US$23,918 overnight. It’s up 4.6% in the past calendar week. Ether was up 4.7% to US$1,645 on Monday morning, and 1.1% for the past week, according todata from CoinMarketCap.\n• Solana, a network once backed by Sam Bankman-Fried, rose 8.9% to US$26.11, with a 7.8% weekly gain, as the network continues torecoverfrom FTX-relateddamages.\n• Litecoin was up 6% to change hands at US$94.98, bringing its weekly gains to 8.4%,after reportingthat its network has had zero downtime in 11 years of existence.\n• The total crypto market cap was up 3.2% to US$1.08 trillion, while the total trading volume rose 38% to US$51.28 billion.\n• U.S. equities closed higher on Friday. The Dow Jones Industrial Average rose 0.1%, the S&P 500 Index gained 0.3% and the Nasdaq Composite Index finished up 1%.\n• Three major tech companies are slated to release their earnings this coming week, Amazon.com Inc., Apple Inc. and Meta Platforms Inc., which will be closely watched for signs of whetherrecent widespread job cutsin the sector are to extend further into 2023.\n• The U.S. Federal Reserve is meeting this week from Jan. 31 to Feb. 1. The Fed is expected to raise its benchmark interest rate by a further 25 basis points as part of its ongoing effort to cool down inflation. The central bank announced a 50-basis points rate hike to a targeted range between 4.25% and 4.5% last month.\n• In December, the U.S. consumer price index, a leading inflation indicator, increased by 6.5% year-over-year, down from the 7.1% recorded in November for the largest monthly decline since April 2020.\nSee related article:Are weak DAOs inviting attacks and manipulation?', 'Bitcoin was up on Monday morning in Asia, reaching its highest price in five months. Ether also rose along with all other top 10 non-stablecoin cryptocurrencies, with Solana and Litecoin posting the biggest gains. The total cryptocurrency market capitalization has remained above US$1 trillion for the eighth consecutive day, the longest streak since August 2022.\nSee related article:Bankrupt BlockFi asks court to approve bonuses to keep staff\n• Bitcoin traded 3.2% higher at US$23,764 in the 24 hours to 8 a.m. in Hong Kong, after reaching a high of US$23,918 overnight. It’s up 4.6% in the past calendar week. Ether was up 4.7% to US$1,645 on Monday morning, and 1.1% for the past week, according todata from CoinMarketCap.\n• Solana, a network once backed by Sam Bankman-Fried, rose 8.9% to US$26.11, with a 7.8% weekly gain, as the network continues torecoverfrom FTX-relateddamages.\n• Litecoin was up 6% to change hands at US$94.98, bringing its weekly gains to 8.4%,after reportingthat its network has had zero downtime in 11 years of existence.\n• The total crypto market cap was up 3.2% to US$1.08 trillion, while the total trading volume rose 38% to US$51.28 billion.\n• U.S. equities closed higher on Friday. The Dow Jones Industrial Average rose 0.1%, the S&P 500 Index gained 0.3% and the Nasdaq Composite Index finished up 1%.\n• Three major tech companies are slated to release their earnings this coming week, Amazon.com Inc., Apple Inc. and Meta Platforms Inc., which will be closely watched for signs of whetherrecent widespread job cutsin the sector are to extend further into 2023.\n• The U.S. Federal Reserve is meeting this week from Jan. 31 to Feb. 1. The Fed is expected to raise its benchmark interest rate by a further 25 basis points as part of its ongoing effort to cool down inflation. The central bank announced a 50-basis points rate hike to a targeted range between 4.25% and 4.5% last month.\n• In December, the U.S. consumer price index, a leading inflation indicator, increased by 6.5% year-over-year, down from the 7.1% recorded in November for the largest monthly decline since April 2020.\nSee related article:Are weak DAOs inviting attacks and manipulation?', 'Good morning. Here’s what’s happening:\nPrices:Bitcoin tops $23.9K before retreating slightly amid ongoing investor optimism. But one market observer says the largest cryptocurrency by market capitalization could be due for a U-turn.\nInsights:Amazon is rumored to be unveiling an NFT initiative, part of the retail giant\'s larger push into Web3. The project could raise significant regulatory issues.\nCatch the latest episodes ofCoinDesk TVfor insightful interviews with crypto industry leaders and analysis. Andsign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.\nCoinDesk Market Index (CMI)\n1,120.88\n+36.7▲3.4%\nBitcoin (BTC)\n$23,762\n+636.4▲2.8%\nEthereum (ETH)\n$1,645\n+60.3▲3.8%\nS&P 500 daily close\n4,070.56\n+10.1▲0.2%\nGold\n$1,945\n+16.5▲0.9%\nTreasury Yield 10 Years\n3.52%\n▲0.0\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nBitcoin Continues Flying High ... for Now\nBy James Rubin\nOn the weekend before the U.S. central bank unveils its latest interest rate decision, crypto investors were in a buoyant mood.\nThey sent bitcoin as close to $24,000 as it\'s been since mid-August. The largest cryptocurrency by market capitalization topped $23,900 at one point Sunday before retreating to about $23,760, a nearly 3% gain over the past 24 hours. Markets have remained largely hopeful the past week despite sometimes conflicting economic data and worrisome fourth quarter earnings reports from some of the world\'s biggest brands.\nOn Friday, news from the inflation front tilted favorably with the U.S. Commerce Department\'s announcing that personal consumption expenditures (PCE) excluding food and energy in December had registered its most moderate annual rate increase since October 2021. The PCE, a key inflationary measure that the Federal Reserve weighs heavily in its monetary decisions, offered the latest evidence of a cooling economy, although it also showed services inflation remaining stubbornly resilient.\n"The decline in goods inflation is welcome, as it brings inflation closer to the [Federal Reserve\'s] 2% goal (for reducing inflation), but with services inflation still sticky, it highlights that the Fed has more work to do," First Republic Bank wrote in a weekly note to investors.\nStill, Joe DiPasquale, CEO of fund manager BitBull Capital, noted in a text to CoinDesk, that the Federal Open Market Committee (FOMC) was likely to follow through on a widely expected 25 basis point rate hike at its two-day meeting, which begins Tuesday. Investors\' hopes for this more dovish tilt in monetary policy after eight months of harsher increases have fueled much of January\'s surge in crypto prices and other risk assets.\nThe "more modest increase is part of the reason that many crypto prices have increased," DiPasquale wrote. "It’s seen as a positive economic sign and is now being baked into the demand for bitcoin. It has been positively correlated with the equities markets in recent years and the lower rate is a bullish sign for the stock market."\nEther, the second-largest crypto in market value, fared even better than BTC on Sunday, rising nearly 5% at one point to trade over $1,650 at one point. ETH has risen over this threshold twice in the last nine days. Most other major cryptos by market cap spent much of Sunday firmly in the green
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-01-30
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $445,226,211,200
- Hash Rate: 269948142.5149194
- Transaction Count: 309909.0
- Unique Addresses: 667280.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.61
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Investing.com - In what is yet another testament to the ECB's aversion to cryptocurrencies, Fabio Panetta, a member of the European Central Bank's board of directors, gave a speech on Wednesday in which he methodically outlined the flaws and damaging effects on the economy of Bitcoin and other crypto-currencies. Cryptocurrencies are "the bubble of a generation" that is "doomed to burst", and are just a "new way of gambling" he explained. To support his opinion, he put forward three specific arguments: The uselessness of cryptos from a social point of view, the risk posed by the illusion of security of stablecoins, and the danger of the high leverage used by crypto traders. Cryptos are useless from a social point of view and harmful from an environmental point of view Panetta noted that "unbacked crypto-assets do not perform any socially or economically useful function," pointing out that "they are not used for retail or wholesale payments" because they are all "too volatile and inefficient." Cryptos, on the other hand, are "widely used for criminal and terrorist activities, or to evade taxes," according to him. Panetta also pointed out that cryptocurrencies "can cause huge amounts of environmental damage." He feels that "crypto-assets deemed to have an excessive ecological footprint should also be banned," referring to cryptos such as bitcoin that use an energy-intensive "proof-of-work" network security mechanism. The illusion of security in stablecoins The second major flaw in cryptocurrencies noted by Panetta concerns "the purported stability of stablecoins, which the entire crypto ecosystem has relied on." He explained that stablecoins "appeal to users because it is claimed that, unlike unbacked cryptos, they provide stability by having their value tied to a portfolio of assets," making the distinction with algorithmic stablecoins, which "aim to match supply and demand to maintain a stable value." Story continues Referring to the TerraUSD stablecoin crash earlier this year, however, Panetta asserted that "stablecoins are stable in name only," pointing out that even the stablecoin leader Tether "temporarily lost its peg amid the ensuing market stress," which he said shows that "even for collateralized stablecoins, risks cannot be eliminated easily." The risk of excessive leverage offered to crypto traders Finally, the third structural weakness of cryptos noted by Panetta "is the fact that crypto markets may have incredibly high leverage and interconnections." He pointed out that "crypto exchanges allow investors to increase exposures by up to 125 times the initial investment," explaining that "when shocks hit and deleveraging is needed, they are forced to shed assets, putting strong downward pressure on prices" Panetta also lamented the mechanisms behind this leverage, with "pervasive over-collateralization adopted in DeFi lending to compensate for the risks posed by anonymous borrowers." Indeed, he explained that "funds borrowed in one instance can be reused as collateral in subsequent transactions, allowing investors to build large exposures," pointing out that "these are precisely the dynamics we have seen at work in the recent crypto failures," referring here to the FTX bankruptcy. Translated from French . Related Articles "The bubble of a generation" - ECB highlights 3 dangers of cryptocurrencies FTX’s Sam Bankman-Fried to Face Market Manipulation Inquiry Stablecoin framework is a near-term priority for Aussie regulators...
- Reddit Posts (Sample): [['u/AwkwardDilemmas', 'Prepare for a pump tomorrow...', 12, '2023-01-30 03:56', 'https://www.reddit.com/r/hut8/comments/10oqsej/prepare_for_a_pump_tomorrow/', "EDIT: Welp, the setup didn't last, and I've withdrawn my open market orders this morning. I'll wait for the next time.\n\n​\n\nA couple of weeks ago, I predicted a 20% to 40% bump in HUT stock price (on the TSX), (after a weekend BTC pump of about 7%. We got 20ish%, lower than I though because I forgot that the US markets were not open on the Monday following the previous close.\n\nNot this time.\n\nI think we're looking at 4% to 8% (perhaps as much as 10%) gap on up on Monday morning (all markets, US and Can churning) and then a 10% to 20% further pump within the first three hours of the market.\n\nBut specifically, gap up to between 2.69 and 2.80 (all prices CAD), with continuation (one to three hours) to between 2.86 and 3.20.\n\nI'll be buying market at open (10K or so worth) for a short term snip of 10% to 20%. If there's no big pullback (and if BTC remains stable) I'll set a S/L somewhere reasonable and in the money.\n\nThe last time BTC was at this level, Aug 16ish, HUT was at 4.57. It' s not beyond the realm for HUT to reapproach this price.\n\n​\n\nCounter indicators...\n\nBTC has just pulled back a bit, from a rise of 4.2% from close to (only) 2.8% presently. Reminder that HUT increased 20% as a result of a weekend BTC rise of 3.7% on Jan 9. If BTC falls significantly, I'' cancel my market order before open. If I'm in the green by 12pm EDT, I might ride out the minor corrections up through the FOMC meeting on Wednesday.\n\nI think this week's action can be very profitable. That's MY research.", 'https://www.reddit.com/r/hut8/comments/10oqsej/prepare_for_a_pump_tomorrow/', '10oqsej', [['u/Mr2BOBOCATS', 13, '2023-01-30 04:49', 'https://www.reddit.com/r/hut8/comments/10oqsej/prepare_for_a_pump_tomorrow/j6gimgl/', '10k shares on the TSX are in for this ride. But don’t wake me up until they’re north of $15 a share.', '10oqsej']]], ['u/Flurb789', 'just calculated my household net worth. we have 5% in bitcoin', 98, '2023-01-30 04:00', 'https://www.reddit.com/r/Bitcoin/comments/10oqvbn/just_calculated_my_household_net_worth_we_have_5/', 'how much do you guys have as a % of net worth?', 'https://www.reddit.com/r/Bitcoin/comments/10oqvbn/just_calculated_my_household_net_worth_we_have_5/', '10oqvbn', [['u/DatBuridansAss', 75, '2023-01-30 04:13', 'https://www.reddit.com/r/Bitcoin/comments/10oqvbn/just_calculated_my_household_net_worth_we_have_5/j6gdmy8/', 'Over 80%', '10oqvbn'], ['u/Upset-Location-6460', 36, '2023-01-30 04:18', 'https://www.reddit.com/r/Bitcoin/comments/10oqvbn/just_calculated_my_household_net_worth_we_have_5/j6gecrv/', 'Everything except one year living expenses in cash.', '10oqvbn'], ['u/Flurb789', 10, '2023-01-30 04:24', 'https://www.reddit.com/r/Bitcoin/comments/10oqvbn/just_calculated_my_household_net_worth_we_have_5/j6gf990/', 'well done', '10oqvbn'], ['u/satoshisfeverdream', 27, '2023-01-30 04:41', 'https://www.reddit.com/r/Bitcoin/comments/10oqvbn/just_calculated_my_household_net_worth_we_have_5/j6ghkxn/', 'Gotta pump those numbers..those are rookie numbers.', '10oqvbn'], ['u/Flurb789', 11, '2023-01-30 04:47', 'https://www.reddit.com/r/Bitcoin/comments/10oqvbn/just_calculated_my_household_net_worth_we_have_5/j6gib4n/', "i mean...i'm including my house/mortgage in my net worth calc...", '10oqvbn'], ['u/Any-Cartographer4771', 31, '2023-01-30 05:07', 'https://www.reddit.com/r/Bitcoin/comments/10oqvbn/just_calculated_my_household_net_worth_we_have_5/j6gktno/', 'Nice try, IRS', '10oqvbn'], ['u/A_Successful_Loser', 43, '2023-01-30 06:22', 'https://www.reddit.com/r/Bitcoin/comments/10oqvbn/just_calculated_my_household_net_worth_we_have_5/j6gt3zw/', 'Did he stutter', '10oqvbn'], ['u/life762', 15, '2023-01-30 07:38', 'https://www.reddit.com/r/Bitcoin/comments/10oqvbn/just_calculated_my_household_net_worth_we_have_5/j6h03pl/', "That's what the net worth equation is... Total assets minus total liabilities.", '10oqvbn'], ['u/bobbytabl3s', 12, '2023-01-30 08:01', 'https://www.reddit.com/r/Bitcoin/comments/10oqvbn/just_calculated_my_household_net_worth_we_have_5/j6h1z6z/', "Maybe he doesn't have one?", '10oqvbn'], ['u/zaphod153', 36, '2023-01-30 09:42', 'https://www.reddit.com/r/Bitcoin/comments/10oqvbn/just_calculated_my_household_net_worth_we_have_5/j6h9ho3/', '- real estate 11%\n- stocks 16%\n- bitcoin 64%\n- other assets 9%\n\nhow am I doing?', '10oqvbn'], ['u/DmG90_', 13, '2023-01-30 09:42', 'https://www.reddit.com/r/Bitcoin/comments/10oqvbn/just_calculated_my_household_net_worth_we_have_5/j6h9jcb/', "There's a reason I'm on Bitcoin, I was never able to buy a home (even when my current rent has always been higher than a down-payment), I have zero to no financial growth before I learned about Bitcoin.\n\nSo here I am enough to get a loan, but not without cashing everything. My gut is telling me to double down on Bitcoin, and that's exactly what I've been doing past years", '10oqvbn']]], ['u/kaiju505', 'One thing I can’t get over. I have a bachelor’s in physics, 90% of a masters in nuclear engineering, a slave to some guy who bought a ton of bitcoin to buy drugs on Silk Road.', 126, '2023-01-30 04:01', 'https://www.reddit.com/r/boringdystopia/comments/10oqvqm/one_thing_i_cant_get_over_i_have_a_bachelors_in/', 'I quit grad school because I couldn’t keep down ramen anymore and web development started to pay off, this was right after Fukushima and everyone was saying they were going to close all of the nuke plants. I feel like every industry I try to join dies a horrible death. Guess who got their commercial pilot’s license in 2008… lmao this guy! Now I’m a web developer working for a guy woul got rich buy buying a shit load of bitcoin so he could, and I quote “buy phat fucking stacks of coke off of Silk Road bro”. I do astronomy as a hobby, I see all of the vast unknowable expanses of the universe around me and honestly, if aliens abducted me, it would be the single greatest thing that ever happened to me. Life on this single isolated mote of dust is horrifically tedious', 'https://www.reddit.com/r/boringdystopia/comments/10oqvqm/one_thing_i_cant_get_over_i_have_a_bachelors_in/', '10oqvqm', [['u/Adolfo1980', 46, '2023-01-30 05:44', 'https://www.reddit.com/r/boringdystopia/comments/10oqvqm/one_thing_i_cant_get_over_i_have_a_bachelors_in/j6gp52x/', 'Holy shit, what did I just read?', '10oqvqm'], ['u/Any-Wall-5991', 27, '2023-01-30 06:02', 'https://www.reddit.com/r/boringdystopia/comments/10oqvqm/one_thing_i_cant_get_over_i_have_a_bachelors_in/j6gr1dw/', 'Wild ride start to finish', '10oqvqm'], ['u/banky33', 24, '2023-01-30 06:48', 'https://www.reddit.com/r/boringdystopia/comments/10oqvqm/one_thing_i_cant_get_over_i_have_a_bachelors_in/j6gvo24/', "If it's any consolation, you'll both be dead and rotting in the ground one day. \n\nFinish that last 10% -- YOLO (but actually)", '10oqvqm'], ['u/FridayMcNight', 21, '2023-01-30 08:07', 'https://www.reddit.com/r/boringdystopia/comments/10oqvqm/one_thing_i_cant_get_over_i_have_a_bachelors_in/j6h2gmd/', "> Guess who got their commercial pilot’s license in 2008…\n\nYour peers who continued after the Colgan rule change are probably Captains at legacy carriers now. Professional aviation had a setback... it didn't die a horrible death.", '10oqvqm'], ['u/thatcatfromgarfield', 22, '2023-01-30 10:13', 'https://www.reddit.com/r/boringdystopia/comments/10oqvqm/one_thing_i_cant_get_over_i_have_a_bachelors_in/j6hbq81/', "Damn I know this doesn't help at all but all that stuff you did sounds hella cool... but yeah sucks that capitalism forces the thinkers/learners to work under those who happen to possess more than they do (no qualifications needed to be an employer except money most of the time)", '10oqvqm'], ['u/ThrowAwayWasTaken999', 18, '2023-01-30 13:14', 'https://www.reddit.com/r/boringdystopia/comments/10oqvqm/one_thing_i_cant_get_over_i_have_a_bachelors_in/j6hp7jf/', 'Dude, you have enough skills that you could be making a ton of money.\n\nDon’t commercial pilots make like 200-250k?\n\nYou could also do some freelance coding with that.\n\nOr go check out r/overemployed', '10oqvqm']]], ['u/Omni-Fitness', 'Am I biased for thinking most non-EVM based stuff in Web3 is sketchy?', 18, '2023-01-30 04:15', 'https://www.reddit.com/r/ethdev/comments/10or6yq/am_i_biased_for_thinking_most_nonevm_based_stuff/', "I've been a long time Ethereum developer, and I have always held this belief: anything non-EVM based protocol or chain outside of Bitcoin, Ethereum, and maybe Chainklink should generally be avoided.\n\nSome stuff is certainly legit (e.g. application-focused Cosmos chains), but all if it is too centralized, isn't it?\n\nOr am I just being biased?", 'https://www.reddit.com/r/ethdev/comments/10or6yq/am_i_biased_for_thinking_most_nonevm_based_stuff/', '10or6yq', [['u/FoxLeDev', 20, '2023-01-30 09:33', 'https://www.reddit.com/r/ethdev/comments/10or6yq/am_i_biased_for_thinking_most_nonevm_based_stuff/j6h8vqd/', 'Oh, you know, most EVM based stuff is sketchy too.', '10or6yq']]], ['u/Double_Pride9258', 'Will bitcoiners be the beneficiaries of the Cantillon Effect if central banks adopt bitcoin as a reserve asset?', 23, '2023-01-30 05:12', 'https://www.reddit.com/r/Bitcoin/comments/10oscp0/will_bitcoiners_be_the_beneficiaries_of_the/', 'It just occurred to me that if central banks print money to buy bitcoin, even if its not publicly known, inflation of all money relative to bitcoin will be extreme. This will be seen as a volatile movement or institutional adoption. Then, when it is made public there will be a run to buy more bitcoin.\n\nThis might have been covered in a book. But this leads me to believe hyperbitcoinization will be very dramatic. Is there a case where central banks dont print money to buy bitcoin?', 'https://www.reddit.com/r/Bitcoin/comments/10oscp0/will_bitcoiners_be_the_benefi...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Builds on its successful listings on OKX, Kucoin, Bybit, Gate, and Huobi SINGAPORE --News Direct-- Oasys SINGAPORE - Media OutReach - 31 January 2023 - Oasys , a gaming-optimised blockchain built by gamers for gamers, is excited to announce its upcoming listing on bitbank , a leading Japanese crypto exchange. This listing will further enhance the liquidity and accessibility of the Oasys network, which is already listed on five centralised exchanges, OKX, Kucoin, Bybit, Gate, and Huobi. The listing on bitbank will provide more opportunities for the investors to trade OAS tokens in the Japanese market and for Japanese gamers to play blockchain games from all around the world. According to statistics by Newzoo 1 , Japan is renowned for having the third-largest gaming market in the world after the U.S. and China, and it is also a market with a huge potential for blockchain gaming. The Japanese government has been proactively supporting the development and promotion of blockchain technology, and as the interest and adoption of digital assets continues to grow, it is expected that a greater number of Japanese gamers will start to embrace blockchain games. Daiki Moriyama, Director, Oasys, said: "We are thrilled to be listed on bitbank and to have the opportunity to expand our reach to the Japanese gaming market, which we see as having a tremendous potential for blockchain gaming. Our goal has always been to provide a seamless and enjoyable gaming experience on the blockchain, and this listing will allow us to do that for even more gamers in Japan." Atsushi Kuwabara, Head of Business Development , bitbank , said: “As Oasys is a game-focused blockchain, we expect them to build a foundation that will fully engage the game industry and lead to the expansion of the GameFi ecosystem. We selected Oasys in the hope that it would become known to many as a blockchain project originating from Japan that is taking on global challenges, and that it would inspire game developers to enter the web3 space." The OAS token has several utilities within the Oasys ecosystem, including the payment of gas fees for transactions on the platform, participation in Oasys’s decentralised governance process, allowing token holders to be involved in key decisions at Oasys, receipt of staking rewards for participating in the Oasys network, and payment for NFTs and other ecosystem-related products and services. The Oasys team looks forward to this listing and the opportunities it will bring for the growth and development of the blockchain gaming industry in Japan. Story continues _______________________________________________ 1 Market Statistics by Newzoo https://newzoo.com/insights/rankings/top-10-countries-by-game-revenues Important Notice This press release is intended for informational purposes only and does not constitute or serve as an offer to purchase or sell securities to any person in any jurisdiction. About Oasys Oasys was established in February 2022 to increase mainstream play-and-earn adoption, and at launch, committed to partnering with 21 gaming and Web3 tech companies to act as validators, such as Bandai Namco Research, SEGA, Ubisoft and Yield Guild Games. Led by a team of blockchain experts and joining forces with the biggest gaming company names to serve as the initial validators, Oasys is revolutionising the gaming industry with its Proof-of-Stake (PoS) based eco-friendly blockchain. With a focus on creating an ecosystem for gamers and developers to distribute and develop blockchain-based games, Oasys solves the problems game developers face when building games on the blockchain. The trifecta approach of the fastest network powered by the gaming community, a scalable network powered by AAA game developers and the blockchain offering the best user experience with fast transactions and zero gas fees for users, readies participants to enter the Oasys and play. More information on Oasys is available at: Website: https://www.oasys.games/ Twitter: https://twitter.com/oasys_games Discord: http://discord.gg/oasysgames About bitbank bitbank was founded in May 2014 for the steady spread of crypto assets such as Bitcoin. In July 2015, bitbank launched a bitcoin futures exchange, called bitbank Trade (until April 2019) for the first time in Japan of this kind of service. In March 2017, bitbank launched the crypto asset spot trading exchange "bitbank.cc" and is growing as the largest exchange by its spot trading volume. The founder, Noriyuki Hirosue, also has some other leading roles of essential organizations in the industry such as the director of Japan Virtual and Crypto assets Exchange Association (Self-Regulatory Organization), and the chairman of Japan Cryptocurrency Business Association. Contact Details Oasys Media Contact [email protected] Company Website https://www.oasys.games/ View source version on newsdirect.com: https://newsdirect.com/news/oasys-to-be-listed-on-leading-japanese-crypto-exchange-bitbank-783709988 View comments', 'Builds on its successful listings on OKX, Kucoin, Bybit, Gate, and Huobi SINGAPORE --News Direct-- Oasys SINGAPORE - Media OutReach - 31 January 2023 - Oasys , a gaming-optimised blockchain built by gamers for gamers, is excited to announce its upcoming listing on bitbank , a leading Japanese crypto exchange. This listing will further enhance the liquidity and accessibility of the Oasys network, which is already listed on five centralised exchanges, OKX, Kucoin, Bybit, Gate, and Huobi. The listing on bitbank will provide more opportunities for the investors to trade OAS tokens in the Japanese market and for Japanese gamers to play blockchain games from all around the world. According to statistics by Newzoo 1 , Japan is renowned for having the third-largest gaming market in the world after the U.S. and China, and it is also a market with a huge potential for blockchain gaming. The Japanese government has been proactively supporting the development and promotion of blockchain technology, and as the interest and adoption of digital assets continues to grow, it is expected that a greater number of Japanese gamers will start to embrace blockchain games. Daiki Moriyama, Director, Oasys, said: "We are thrilled to be listed on bitbank and to have the opportunity to expand our reach to the Japanese gaming market, which we see as having a tremendous potential for blockchain gaming. Our goal has always been to provide a seamless and enjoyable gaming experience on the blockchain, and this listing will allow us to do that for even more gamers in Japan." Atsushi Kuwabara, Head of Business Development , bitbank , said: “As Oasys is a game-focused blockchain, we expect them to build a foundation that will fully engage the game industry and lead to the expansion of the GameFi ecosystem. We selected Oasys in the hope that it would become known to many as a blockchain project originating from Japan that is taking on global challenges, and that it would inspire game developers to enter the web3 space." The OAS token has several utilities within the Oasys ecosystem, including the payment of gas fees for transactions on the platform, participation in Oasys’s decentralised governance process, allowing token holders to be involved in key decisions at Oasys, receipt of staking rewards for participating in the Oasys network, and payment for NFTs and other ecosystem-related products and services. The Oasys team looks forward to this listing and the opportunities it will bring for the growth and development of the blockchain gaming industry in Japan. Story continues _______________________________________________ 1 Market Statistics by Newzoo https://newzoo.com/insights/rankings/top-10-countries-by-game-revenues Important Notice This press release is intended for informational purposes only and does not constitute or serve as an offer to purchase or sell securities to any person in any jurisdiction. About Oasys Oasys was established in February 2022 to increase mainstream play-and-earn adoption, and at launch, committed to partnering with 21 gaming and Web3 tech companies to act as validators, such as Bandai Namco Research, SEGA, Ubisoft and Yield Guild Games. Led by a team of blockchain experts and joining forces with the biggest gaming company names to serve as the initial validators, Oasys is revolutionising the gaming industry with its Proof-of-Stake (PoS) based eco-friendly blockchain. With a focus on creating an ecosystem for gamers and developers to distribute and develop blockchain-based games, Oasys solves the problems game developers face when building games on the blockchain. The trifecta approach of the fastest network powered by the gaming community, a scalable network powered by AAA game developers and the blockchain offering the best user experience with fast transactions and zero gas fees for users, readies participants to enter the Oasys and play. More information on Oasys is available at: Website: https://www.oasys.games/ Twitter: https://twitter.com/oasys_games Discord: http://discord.gg/oasysgames About bitbank bitbank was founded in May 2014 for the steady spread of crypto assets such as Bitcoin. In July 2015, bitbank launched a bitcoin futures exchange, called bitbank Trade (until April 2019) for the first time in Japan of this kind of service. In March 2017, bitbank launched the crypto asset spot trading exchange "bitbank.cc" and is growing as the largest exchange by its spot trading volume. The founder, Noriyuki Hirosue, also has some other leading roles of essential organizations in the industry such as the director of Japan Virtual and Crypto assets Exchange Association (Self-Regulatory Organization), and the chairman of Japan Cryptocurrency Business Association. Contact Details Oasys Media Contact [email protected] Company Website https://www.oasys.games/ View source version on newsdirect.com: https://newsdirect.com/news/oasys-to-be-listed-on-leading-japanese-crypto-exchange-bitbank-783709988 View co
**Last 60 Days of Bitcoin's Closing Prices:**
[]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-01-31
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $445,745,048,925
- Hash Rate: 224956785.42909947
- Transaction Count: 313500.0
- Unique Addresses: 709466.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.51
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Crypto Investors and speculators in digital currencies face huge tax bills next month even if they suffered heavy losses in the recent “crypto winter” of falling prices, experts have warned. Investors who made significant gains when cryptocurrency prices surged in the 2021-22 tax year will need to report their capital gains and pay tax on them by the end of next month. Many may think that because of the losses they have made in the current tax year, they will not owe capital gains tax (CGT). The price of Bitcoin has fallen by 72pc in a year. But while losses can be offset against gains made in the same or future tax years, they cannot usually be offset against profits made beforehand. This means that investors could still face huge CGT bills on profits they made in the tax year that ended in April this year. There is even more tax pain on the horizon for crypto investors because the CGT allowance will soon be dramatically cut. Many crypto investors who have made losses this year may not have put aside money for CGT liabilities, but tax firm RSM has warned that even investors who are in the red could still have tax to pay. Chris Etherington from the firm said investors who had locked in heavy losses this year might have crystallised gains last year, but they generally could not offset the losses against the gains. Any time an investor sells an asset such as cryptocurrency it counts as a “disposal”, which is liable to CGT. If their annual profit exceeds the CGT allowance, tax is due at 10pc for basic-rate taxpayers and 20pc for higher-rate and additional-rate taxpayers. Meanwhile, many more crypto investors who make profits in future years face CGT bills as a result of the cuts in the annual allowance announced in the Autumn Statement. Hugo Biolchini, 24, from London, started investing in Bitcoin in 2019 when he noticed the price had fallen from $20,000 (£16,000) to just $4,000. He bought 25pc of his current Bitcoin holdings in 2019 and 75pc in March 2020 when the price was between $6,000 and $7,000, compared with about $17,000 now. Story continues Like many, Mr Biolchini’s investment has suffered this year but the size of his previous gains has cushioned his fall and he is still up by $10,000. His investment grew more than tenfold as the price of Bitcoin soared in 2020 and 2021. He took $25,000 in profit in those years. Because the profit was made over a two-and-a-half-year period, he has stayed within the current annual capital gains allowance of £12,300 and has not yet had to pay tax on his crypto investments. However, in future he believes he will have big bills to pay because the allowance is to be cut next year to £6,000 and then to £3,000 in 2024. As a result more crypto investors will have to pay tax, even on relatively small gains. Investors are also concerned that the dramatic reduction in the CGT allowance could coincide with the next bull run in the crypto market, eating into the profits they hope to make in the future. Simon Peters of investment platform eToro said many were forecasting cryptocurrency values to rise again as inflation peaks and interest rate forecasts start to normalise. “A Bitcoin bear market or ‘crypto winter’ has generally lasted one to two years following an all-time high,” he said. “The first year or phase tends to be a significant fall from the all-time high, in the region of 70pc‑85pc, and the second phase a long period of price consolidation leading up to the next ‘block reward halving’.” This is when the reward for mining Bitcoin is cut in half, reducing the supply of new coins and therefore driving up the price. Mr Peters said he believed the market was still in the first phase. HMRC says investors must keep records for each transaction, including the type of crypto, the date of disposal and the value of the crypto in pounds. If it finds that an investor should have paid tax on crypto assets and did not correctly report their liability on a tax return, they could face interest and penalties. It is not just CGT that crypto investors need to worry about. Those who make an income from cryptocurrency – for example through regular trading or through creating and selling digital assets – may also have to pay income tax. Mr Etherington said as the price of cryptocurrencies has plummeted, many who owe income tax could struggle to pay the bills. He said: “You may have been paid in a digital asset like Solana when it was worth $249 but which has now crashed to $13. If you had triggered an income tax liability, you will need to settle it in January 2023. But you may not have the funds to do so because your investment is now a fraction of what it was once worth.”...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin prices broke back above US$23,000 in Wednesday morning trading in Asia. Ether and most other top 10 non-stablecoin cryptocurrencies also bounced back from yesterday’s losses amid strong gains in U.S. equities for January and optimism the U.S. economy is heading for a soft landing. Top memecoin Dogecoin led the pack, still gaining from reports on Monday that long-time advocate and Twitter Inc. boss Elon Musk is looking to bring payment systems to the social media platform.See related article:Celsius misled investors, spent customer funds, bankruptcy examiner claims\n• Bitcoin rose 1.3% to US$23,133 in the 24 hours to 8 a.m. in Hong Kong, bringing its gains to 2.2% in the past seven days. Ether added 1.2% to US$1,586 and is up 1.9% for the week, according todata from CoinMarketCap.\n• Dogecoin moved 8.7% higher to change hands at US$0.09, a weekly increase of 14.3%. While Monday’s report focused on adding fiat payments to Twitter, Musk left the door open for that to be extended to cryptocurrency as well.\n• Cardano rose 4.8% to US$0.39, a gain of 8.7% over the past seven days. Polygon climbed 2.1% to US$1.11 for a strong weekly gain of 16.11%. Solana dipped less than 0.1% to US$23.94, the only token to slip on the top 10 list, but is still up 5.1% for the week.\n• The crypto market cap rose 1.4% to US$1.05 trillion, with total trading volume slipping 17.1% to US$47.26 billion.\n• U.S. equities gained on Tuesday. The Dow Jones Industrial Average rose 1.1%, the S&P 500 Index gained 1.5% and the Nasdaq Composite Index finished the day up 1.7%.\n• Tuesday’s performance rounds out a strong first month of 2023 for equity markets. The S&P 500 gained 6.2% in the last 31 days for the best start to the year since 2019, while the Nasdaq jumped 10.7% in the same period for its best January since 2001.\n• Markets gained on strong earnings, withExxon Mobil CorpandPfizer Inc.both posted record profits off the back of surging oil prices and continuing Covid-19 vaccine production.\n• The U.S. Federal Reserve decides interest rates on Wednesday at 2 p.m. Eastern Time. Analysts at CME Group overwhelmingly expect the Fed will raise rates by 25 basis points, breaking the streak of 50 and 75 basis point hikes since March last year.\n• The Fed’s aggressive rate increases last year seem to be having the desired effect on controlling inflation. Labor costs are slowing with the Employment Cost Index released Tuesday adding 1.0% last quarter, the smallest gain since the end of 2021. In December, the U.S. consumer price index rose 6.5% year-on-year, well below the 7.1% in November and the largest monthly decline since April 2020.\n• Earnings from technology leaders come this week, including Apple Inc., Amazon.com Inc., and Alphabet Inc., the parent company of search engine Google. Non-farm payroll data is also out on Friday, another key inflation indicator.\n• (Updates to add US labor costs in bullet point nine.)\nSee related article:January weekly crypto product investment reaches highest since July, says CoinShares report', 'Bitcoin prices broke back above US$23,000 in Wednesday morning trading in Asia. Ether and most other top 10 non-stablecoin cryptocurrencies also bounced back from yesterday’s losses amid strong gains in U.S. equities for January and optimism the U.S. economy is heading for a soft landing. Top memecoin Dogecoin led the pack, still gaining from reports on Monday that long-time advocate and Twitter Inc. boss Elon Musk is looking to bring payment systems to the social media platform.See related article:Celsius misled investors, spent customer funds, bankruptcy examiner claims\n• Bitcoin rose 1.3% to US$23,133 in the 24 hours to 8 a.m. in Hong Kong, bringing its gains to 2.2% in the past seven days. Ether added 1.2% to US$1,586 and is up 1.9% for the week, according todata from CoinMarketCap.\n• Dogecoin moved 8.7% higher to change hands at US$0.09, a weekly increase of 14.3%. While Monday’s report focused on adding fiat payments to Twitter, Musk left the door open for that to be extended to cryptocurrency as well.\n• Cardano rose 4.8% to US$0.39, a gain of 8.7% over the past seven days. Polygon climbed 2.1% to US$1.11 for a strong weekly gain of 16.11%. Solana dipped less than 0.1% to US$23.94, the only token to slip on the top 10 list, but is still up 5.1% for the week.\n• The crypto market cap rose 1.4% to US$1.05 trillion, with total trading volume slipping 17.1% to US$47.26 billion.\n• U.S. equities gained on Tuesday. The Dow Jones Industrial Average rose 1.1%, the S&P 500 Index gained 1.5% and the Nasdaq Composite Index finished the day up 1.7%.\n• Tuesday’s performance rounds out a strong first month of 2023 for equity markets. The S&P 500 gained 6.2% in the last 31 days for the best start to the year since 2019, while the Nasdaq jumped 10.7% in the same period for its best January since 2001.\n• Markets gained on strong earnings, withExxon Mobil CorpandPfizer Inc.both posted record profits off the back of surging oil prices and continuing Covid-19 vaccine production.\n• The U.S. Federal Reserve decides interest rates on Wednesday at 2 p.m. Eastern Time. Analysts at CME Group overwhelmingly expect the Fed will raise rates by 25 basis points, breaking the streak of 50 and 75 basis point hikes since March last year.\n• The Fed’s aggressive rate increases last year seem to be having the desired effect on controlling inflation. Labor costs are slowing with the Employment Cost Index released Tuesday adding 1.0% last quarter, the smallest gain since the end of 2021. In December, the U.S. consumer price index rose 6.5% year-on-year, well below the 7.1% in November and the largest monthly decline since April 2020.\n• Earnings from technology leaders come this week, including Apple Inc., Amazon.com Inc., and Alphabet Inc., the parent company of search engine Google. Non-farm payroll data is also out on Friday, another key inflation indicator.\n• (Updates to add US labor costs in bullet point nine.)\nSee related article:January weekly crypto product investment reaches highest since July, says CoinShares report', 'Bitcoin prices broke back above US$23,000 in Wednesday morning trading in Asia. Ether and most other top 10 non-stablecoin cryptocurrencies also bounced back from yesterday’s losses amid strong gains in U.S. equities for January and optimism the U.S. economy is heading for a soft landing. Top memecoin Dogecoin led the pack, still gaining from reports on Monday that long-time advocate and Twitter Inc. boss Elon Musk is looking to bring payment systems to the social media platform. See related article: Celsius misled investors, spent customer funds, bankruptcy examiner claims Fast facts Bitcoin rose 1.3% to US$23,133 in the 24 hours to 8 a.m. in Hong Kong, bringing its gains to 2.2% in the past seven days. Ether added 1.2% to US$1,586 and is up 1.9% for the week, according to data from CoinMarketCap . Dogecoin moved 8.7% higher to change hands at US$0.09, a weekly increase of 14.3%. While Monday’s report focused on adding fiat payments to Twitter, Musk left the door open for that to be extended to cryptocurrency as well. Cardano rose 4.8% to US$0.39, a gain of 8.7% over the past seven days. Polygon climbed 2.1% to US$1.11 for a strong weekly gain of 16.11%. Solana dipped less than 0.1% to US$23.94, the only token to slip on the top 10 list, but is still up 5.1% for the week. The crypto market cap rose 1.4% to US$1.05 trillion, with total trading volume slipping 17.1% to US$47.26 billion. U.S. equities gained on Tuesday. The Dow Jones Industrial Average rose 1.1%, the S&P 500 Index gained 1.5% and the Nasdaq Composite Index finished the day up 1.7%. Tuesday’s performance rounds out a strong first month of 2023 for equity markets. The S&P 500 gained 6.2% in the last 31 days for the best start to the year since 2019, while the Nasdaq jumped 10.7% in the same period for its best January since 2001. Markets gained on strong earnings, with Exxon Mobil Corp and Pf i zer Inc. both posted record profits off the back of surging oil prices and continuing Covid-19 vaccine production. The U.S. Federal Reserve decides interest rates on Wednesday at 2 p.m. Eastern Time. Analysts at CME Group overwhelmingly expect the Fed will raise rates by 25 basis points, breaking the streak of 50 and 75 basis point hikes since March last year. The Fed’s aggressive rate increases last year seem to be having the desired effect on controlling inflation. Labor costs are slowing with the Employment Cost Index released Tuesday adding 1.0% last quarter, the smallest gain since the end of 2021. In December, the U.S. consumer price index rose 6.5% year-on-year, well below the 7.1% in November and the largest monthly decline since April 2020. Earnings from technology leaders come this week, including Apple Inc., Amazon.com Inc., and Alphabet Inc., the parent company of search engine Google. Non-farm payroll data is also out on Friday, another key inflation indicator. (Updates to add US labor costs in bullet point nine.) See related article: January weekly crypto product investment reaches highest since July, says CoinShares report', "Tesla lost over $140 million betting on Bitcoin last year, according to a Monday filing with the U.S. Securities and Exchange Commission. The electric car manufacturer took a $204 million impairment charge while gaining $64 million through converting Bitcoin in 2022. \x93In the year ended December 31, 2022, we recorded $204 million of impairment losses resulting from changes to the carrying value of our Bitcoin and gains of $64 million on certain conversions of bitcoin into fiat currency by us,\x94 Tesla said in the filing. An impairment charge describes a reduction or loss in the value of an asset. It can occur because of a change in economic circumstances, like the crypto winter that gripped the market after the collapse of Terra Luna in May 2022. The annual disclosure to the SEC comes less than a week after Tesla
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-02-01
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $443,642,019,700
- Hash Rate: 267991996.5546664
- Transaction Count: 345561.0
- Unique Addresses: 745886.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.56
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Riot Blockchain (RIOT), one of the world's largest publicly traded bitcoin miners, is switching its mining pool to ensure “more predictable results” for its operations, the company said after failing to produce expected monthly bitcoins.
Riot said that it achieved record hashrate capacity in November with computing power reaching 7.7 exahash per seconds (EH/s), 12% higher than6.9 EH/s in October, according to astatement. However, the miner produced 521 bitcoin in November, lower than the 660 it expected to mine, due to a payment variance in the mining pool it was using.
Riot mined only 2% more bitcoin in November than the previous month. Meanwhile, it mined 43% more bitcoins in October versusSeptember.
“Variance in a mining pool can impact results and while this variance should balance out over time, can be volatile in the short term,” Riot CEO Jason Les said in the statement. “This variance led to lower bitcoin production than expected in November, relative to our hashrate,” he added.
A mining pool is like a lottery syndicate, where several miners “pool” their computing power to get a steady stream of bitcoin rewards. Joining a pool of other miners improves the odds significantly of solving a block and winning a reward, although the payout gets split among all members.
Read more:What Are Bitcoin Mining Pools?
Publicly listed miners are usually secretive about the mining pool they use. However, a person familiar with the matter told CoinDesk that Riot was previouslyusing Braiins, formerly known as Slush Pool, for its mining pool.
Most mining pools useseveral payout methodsoffering consistent rewards to its pool members. The majority of pools use a method called Full-Pay-Per-Share (FPPS).
Braiins is one of only a few mining pools that uses a mechanism called Pay-Per-Last-N-Shares (PPLNS), which introduces significant variance into its members' rewards. That variance likely contributed to Riot’s lower number of bitcoin rewards, according to the person.
Other payment methods usually ensure miners always get paid, even if the pool doesn’t find a block. However, PPLNS only pays miners after a block has been found by the pool, and then the pool goes back to check for valid shares contributed by each miner before winning a block. The miners then get paid in bitcoin rewards, based on those valid shares contributed by each miner during that time.
To avoid such variance, Riot decided to switch its mining pool, which “offers a more consistent reward mechanism, so that Riot will fully benefit from our rapidly growing hash rate capacity as we work towards our goal of reaching 12.5 EH/s in the first quarter of 2023,” Les said. Riot didn’t specify to which pool it will be shifting.
Braiins declined to comment on the story.
Miners are already facing a tough crypto winter as bitcoin's declining price and higher energy costs have eaten into profit margins, causing a few miners tofile for bankruptcy protection. Predictable and consistent mining rewards, which are miners' main revenue source, are of utmost importance. The margin of error has been increasingly narrow this year amid the current tough conditions.
Riot shares fell about 7% on Monday, while its peer Marathon Digital (MARA) was down more than 12%. Bitcoin was recently down about 1.2% in price.
Read more:Bitcoin Miners’ FTX Contagion Exposure May Amplify Industry Pain...
- Reddit Posts (Sample): [['u/Kroftyy', 'I just finished watching The Challenge: Champs v Stars for the first time. Here are some of my thoughts!', 37, '2023-02-01 01:46', 'https://www.reddit.com/r/MtvChallenge/comments/10qfspp/i_just_finished_watching_the_challenge_champs_v/', "Hey all,\n\nBack with another nice and quickly this time!\n\nToday I bring to you my thoughts on my twenty-eighth season of The Challenge, and my second spinoff, Champs v Stars! Again, much like the first spinoff, it’s a fun, fluffy season, that isn’t too serious, and an easy watch. It feels largely pretty inconsequential, whilst at the same time, having some major moments for certain characters that I wouldn’t have wanted to miss. \n\nLike my v Pros post, this is going to be a shorter form post again, just because there’s quite a bit less to talk about.\n\n**Disclaimer: At this stage I have only seen seasons 5-30, CvP and CvS of The Challenge, please refrain from spoiling any other seasons, or returning players. Thanks :)**\n\n**TL;DR Summary**\n\nChamps v Stars is the second official spinoff from the main show. It pits a group of challengers, notably not Champs only, despite the name, against a number of ‘Stars’, ranging between TV Stars, to Sports Stars, etc. The season has summer-camp vibes, with simple and fun challenges. There is a small amount of drama, but what’s there is interesting enough, and both the Champs and Stars are relatively well cast. Unfortunately the season is incredibly one-sided, with Champs winning every single challenge. Everyone seems to be having fun though, and enjoying raising money for charity. \n\n**The Good**\n\n​\n\n* Lots of money raised for fantastic charities\n* Everyone is generally having a good, fun time, and not taking things too seriously\n* Emily S and Wes\n* Dailies are dumb fun, and eliminations are pretty good too\n\n**The Not So Good**\n\n​\n\n* Quite a few of the Stars really phone it in, and seem to not want to be involved.\n* So many DQs/quits\n* Stupidly one-sided - Champs win every single daily challenge through the entire season\n* The final is so dumb, and simply a bunch of Carnival games followed by a short stint of endurance. \n\n**The format**\n\nA quick note on the format this season. It’s a pretty simple one, but it’s nice to have a simple format sometimes.\n\nWe have 10 Challenge Competitors (not, not Champions only, despite the name), staring down against 10 ‘Stars’, ranging from people famous from TV Shows, to sports stars and music artists. \n\nEach episode, the Champs face the Stars in a daily challenge - these challenges are all dumb fun, and involve things like trampoline basketball and giant foosball. The winners of each challenge get to self-nominate and MVP - this most-valuable-player has sole power to nominate an LVP from their team (male or female depending on what ‘day’ it is) to send into elimination. The losing team also needs to nominate a LVP, but it is done via majority vote rather than someone possessing all the power. \n\nEliminations play out much like the main show, with alternating male and female days, and winners reentering the game, whilst losers head home. It was nice for the Champs to ACTUALLY verse the Stars, per the name of the season - whereas last season had Champ v Champ and Pro v Pro eliminations.\n\nThat’s about it, format wise. There is a giant purge before the final challenge where SIX people go home. The top performing male and female from each team stays in the game, and then they get to decide on the third person (male OR female) who will be joining them. A weird choice, but it’s a weird season, so I’m fine with it.\n\nOverall, I enjoyed the format. It’s super simple, but it’s a fun enough one and lead to some fun drama. \n \n\n**The cast**\n\nThoughts that are a bit more rapid-fire than usual, being a spin-off and all that. \n\n**The Champs**\n\nThe Champs have a pretty good team foundation - I like the cast they brought together, even though I DID go into the season expecting CHAMPS. \n\n**Bananas:** Johnny is Johnny. He’s having a lot fun this season and is in prime asshole form, instigating people, making fun of people, etc. It was nice to see how much he cared about his charity, and I was honestly fine with seeing him win this time around. \n\n**CT:** The same kind of appearance we’ve seen on the last few seasons from CT, for better or worse. Again, he’s having a lot of fun, much like Johnny. He has some really funny moments, and I particularly enjoyed his verbal altercation with TO, harkening back to the old CT. \n\n**Emily S:** My favourite challenger by far this season - I’ve always been a huge fan of Emily, and that hasn’t changed. She’s just the best. A physical beast, dominating everything she tries, whilst also being really down to earth and likeable. I could root for her on any season, EASILY. I hope this appearance means we are due to see more of her on the main show.\n\n**Tori:** Really enjoyed seeing Tori sub in, even though it was quite a late addition to the show (seriously late - supposedly replaced Ashley who left, what, episode 2?). She maintains the same fun energy that she had in her debut season, and I loved seeing more of her. It was fun seeing her talk about being out of depth, particularly at the end when the remaining people on her team were all HUGE challenge players through the years.\n\n**Wes:** A very fun Wes season imo, I hope to see him back on the main show ASAP. He’s at peak arrogance and cockiness, and I loved how much fun he was having trying to be a mastermind. Wes v Bananas rears its head here, and has some great moments (like the MVP debacle). \n\n**Zach:** A pretty low-key season for Zach. He has some good physical moments, but is largely a background character, and manages to not be too much of a douche. Appreciate him giving his second MVP winnings to Ashley’s charity, and he seemed to have genuine care for Jenna when she as injured.\n\n**Aneesa:** A very forgettable Aneesa season. I couldn’t believe it when she got a CAGE MATCH elimination against a UFC fighter. Had me dying.\n\n**Ashley:** A sad season for Ashley - she has had such a bad run of luck over these last few seasons and I really feel for her. Hoping she comes out of all of this one the other side better and stronger.\n\n**Jenna:** Such an unfortunate injury for Jenna - it seemed pretty serious so I’ll be interested to see if it impacts her on future seasons. Up until he injury her entire storyline was ‘ohhhhh Zach’ though. Facepalm.\n\n**Cory:** Huge surprise to see Cory as a first boot - would have loved to see him stick around longer.\n\n**Camila:** And finally we have reached the final Camila appearance, afaik. What a fantastic day. I knew something was up from the moment the season started because she got ZERO screen time. It’s like she wasn’t even there. Cue her drunkedly humping concrete before the PA assault and joy-riding a golf buggy. Sayonara, hope to see you never.\n\n**The Stars**\n\nA bit of a kooky gathering this season - I personally don’t know any of them, but they were fun enough I guess. Some worth calling out:\n\n​\n\n* **Justina** was great fun - really leaning into the drama of the show, whilst being a good physical competitor too.\n* **Michelle** was great - really likeable, and again, a good competitor.\n* **Matt** was a good addition if only for his flip-flopping between alliances, and all the drama that generated.\n* **Riff Raff** was honestly an icon. What crazy casting. So many wacky things, I don’t even know if this guy knew where he WAS half the time.\n* **Romeo** introduced a good amount of drama too - I liked his friendship with Wes, and was gobsmacked at him pulling in his security team to stand-off with Zach lmao\n* **Terrell** is an obvious loose-cannon. Would have loved seeing him stick around, largely because he was causing so much conflict, but what we got was still pretty entertaining. Really felt like he didn’t want to be there though.\n\nThe others are either completely forgettable, or just a bit invisible imo.\n\n**The challenges**\n\nThe challenges this season are VERY different to a typical Challenge season. They really, REALLY lean into ‘summer camp’ vibes, with almost all challenges being at some weird location, and a bit dumb. They were all QUITE fun though.\n\n**The dailies**\n\n​\n\n* **Parkour the Course** was my favourite challenge of the season. Such cool design. One person is let loose in a parkour gym, where there are a number of scattered flags around the obstacles, worth a differing number of points. After a set amount of time, a ‘Chaser’ is released from the opposite team who needs to tag the other player, ending their run. A great combination of parkour and tag, and it was so much fun to watch some of these challenge Vets play this game\n* **Slamball** is another fantastic one - nice and simple, basketball in a trampoline arena. Lots of funny moments and big hits here.\n* **Jumbo Foosball** is ridiculous in all the right ways. Seeing everybody get so aggressive and try so hard when they are playing FOOSBALL is just hilarious. This is about the only time there was good competition between the two teams as well.\n* **Sink or Swim** is a good Purge challenge, although it felt strange for everything to hinge on a particular skill like swimming. It involves completing a set of underwater obstacles. I kept getting taken out of it a little bit every time I was like ‘oh, they are at a local pool, lol’, but it was still good fun, and pretty close.\n\nThe other dailies were all fun as well, but had less standout moments. The only complete flop is **Flag Pole,** where individuals need to run down a path, collecting flags for time deductions, before climbing a moving pole to collect more flags, and swimming to a bell. The only problem being the pole fell over straight away EVERY SINGLE TIME, practically being useless. It would have been impossible, and time-inefficie...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['WASHINGTON--The Federal Reserveis easing its foot a bit further off the brake.\nBut it appears far from ready to step on the economy’s accelerator.\nThe Fed, as expected,raised its key short-term interest rate by a quarter percentage point Wednesday, throttling back from a half-point hike in December and acknowledging that a historic inflation spike is slowing.\n“Inflation has eased somewhat but remains elevated,” the Fed said in a statement after a two-day meeting.\nThe central bank appears reluctant to signal that its aggressive campaign to beat back price increases is nearing an end even as it begins tobalance the benefits of the initiative with growing recession risks.\nMany may still struggle:A smaller rate hike is expected at the Fed meeting\nCredit cards, mortgage rates and auto:See how much fed interest rates have affected how much you pay\nStill, Fed Chair Jerome Powell hinted that could halt its campaign\xa0after "a couple more rate hikes."\nIn its statement,the Fed repeated that “ongoing (rate) increases…will be appropriate” to bring down yearly inflation to the Fed’s 2% goal. Some economists expected the Fed instead to say “additional increases” would be needed, hinting the Fed is close to winding down the hiking cycle.\nAt\xa0a news conference, Powell said inflation "has moderated but remains too high."\n"We still think there\'s work to be done there." he said. "We haven\'t made a decision\xa0on exactly where" rates will peak.\nThe Fed’s latest move brings the federal funds rate to a range of 4.5% to 4.75%, up from near zero in March, in its boldest flurry of rate increases since the early 1980s.\nPowell said the Fed ultimately could stop short of the level officials forecast in December or go beyond it, depending on how rapidly inflation falls. He initially said the central bank would rather err on the side of hiking too much to stamp out high inflation.\n"I continue to think that it\'s very difficult to manage the risk of doing too little,"\xa0he said.\nLater, however,\xa0 Powell signaled that if inflation follows the course officials expect, the Fed is on track to push the Fed\'s key rate\xa0to the 5% to 5.25% ra ngeand then pause. That would require two more quarter point hikes -- in March and May.\n"We\'re talking about a couple more rate hikes to get to that level that is sufficiently restrictive," he said,\nWednesday\'s hike is expected to further slow economic activity as it drives up rates for credit cards, adjustable rate mortgages and other loans.\xa0But Americans, especially seniors, are finally reaping higher bank savings yields after years of meager returns.\nIn recent weeks, Fed official have noted that inflation has cooled somewhat and another step down to a quarter point rate increase was likely after four straight three-quarter point hikes gave way to December’s half-point move.\nDebt ceiling dangers:5 ways your finances could be impacted now that the U.S. hit the debt ceiling\nThe big question, though, is – How high will the Fed go?\nIn December, Fed officials’ median estimate had the federal funds rate peaking soon at a range of 5% to 5.25% -- a level that some economists believe is likely to tip the U.S. into recession – and staying there the rest of the year.\nMarkets, however, predict the central bank will pause after bumping the funds rate to 4.75% to 5% in March and begin cutting it by year’s end.\nAsked if the Fed could stop before the rate hits 5% to 5.25%, Powell said Wednesday, "Certainly, it\'s possible," depending on inflation and labor market data over the next couple of months. "Absolutely it\'s possible."\n"The end of the hikes is in sight," Ian Shepherdson, chief economist of Pantheon Macroeconomics wrote to clients, adding he believes the Fed will bump up rates, at most, by another quarter point in March.\nPowell\xa0downplayed the chances of a rate cut in 2023 as the economy weakens. "Given our\xa0outlook, I don\'t see us cutting rates this year," he said, adding that could change if inflation moderates\xa0more quickly than anticipated.\nStruggling with bills:Even with a mild winter, more Americans struggle to pay their energy bills\nReports in recent weeks have provided some ammunition for Fed officials who favor softening its stance. Inflation has eased more rapidly than projected, falling to 6.5% in December from 7.1% the previous month and a 40-year high of 9.1% in June.\nMeanwhile, the economy is losing some steam. Job growth has declined to a still-solid average monthly pace of 247,000 the past three months from 366,000 the previous quarter. And retail sales and business investment fell late last year.\nBut Powell has said the central bank won’t halt its hiking campaign until it sees\xa0proof that wage growth is slowing in service industries like health care, education and restaurants.\xa0Price increases in those sectors account for the lion’s share of inflation, he said, and they’re tied mostly to labor costs.\n"We will need substantially more evidence to be confident inflation is on a sustained downward path," Powell said Wednesday.\nWhere a recession would hit hardest:What regions would bear the brunt of a downturn?\nCompensation – including pay and benefits – increased 1% the last three months of the year, down from 1.2% in the third quarter and below economists’ estimates, the Labor Department said this week.\nBut wages and salaries were still up a robust 5.1% annually, a tick below the third-quarter gain.\nAnd employers posted 11 million job openings in December, modestly below an all-time high and above the prior month’s 10.4 million and pre-pandemic level of about 7 million, Labor said Wednesday. Meanwhile, the share of adults working or looking for jobs was stagnant last year at about 62.3% after climbing back toward the pre-pandemic mark of 63.3% in 2021.\nPowell has said he’s looking for a better balance of labor demand and supply to ensure wage growth is moderating.\n"The labor market continues to be out of balance," he said Wednesday.\nAnother challenge the Fed faces is that a softer approach to rate hikes likely would juice stocks and tamp down mortgage rates and other borrowing costs, bolstering the economy. And that could push back against the Fed’s goal of bringing down inflation.\n"We\'re going to be very\xa0cautious about declaring victory and sending signals that we think that the game is won," Powell said Wednesday.\nStocks indices turned slightly higher as\xa0of 2:50\xa0p.m. ET. The Dow Jones Industrial Average edged up by 30 points\xa0or 0.09%, while the S&P 500\xa0rose 33 points or 0.8%,\xa0and the Nasdaq Composite gained\xa0177 points or 1.6%.\nStocks kicked off 2023 with a bang. The Dow gained nearly 3% last month while the S&P 500 and Nasdaq notched even bigger gains.\nThe tech-heavy Nasdaq had its best January since 2001.\nYou can watch Powell speak at 2:30 p.m. ET by clicking the followinglink.\nAfter today\'s expected rate hike, it\'s likely that the Fed will raise rates again at its March meeting barring any dramatic shifts in inflation.\nAn acronym you\'re bound to hear a lot today is FOMC. That stands for\xa0Federal Open Market Committee. The FOMC is a group of 12 people who vote on interest rate decisions.\nSeven of the 12 people are on the\xa0Board of Governors at the Fed (that includes Fed Chair Powell). Another seat is filled by the President of the New York Fed and the remaining four seats are a rotating group of presidents from the 11 other regional Fed banks.\nThere were seven rate hikes in 2022. Four of the seven hikes were in 75 basis-point hikes, two were 50 basis-point hikes and one was a 25 basis-point hike.\nStocks are trading near session lows of the Fed decision. As of 12:51 p.m. ET the Dow Jones Industrial Average was down by 1% while the S&P 500\xa0 was down by 0.6% and Nasdaq Composite was down by 0.3%.\nGDP report shows economy still expanding\nDespite ongoing fears of a recession, theU.S. economy is still growing, albeit at a much slower pace than in 2021.\nIn the last quarter of 2022,\xa0the nation’s\xa0gross domestic product, the value of all goods and services produced in the U.S., expanded at a seasonally adjusted annual rate of 2.9%. The gains can be traced to solid consumer spending and business stockpiling.\nOverall in 2022, the economy grew 2.1% following a 5.9% advance the prior year that was juiced by an easing pandemic.\nStagflation happens when\xa0economic growth is sluggish while inflation is high. Theterm lacks a formal definitionor specific threshold, but elements\xa0include high\xa0unemployment\xa0and a weakened\xa0economy as prices climb.\nSome economists worry that the U.S. will enter a period of stagflation since prices remain high and layoffs are mounting. But so far the U.S. unemployment rate is at a historic low.\nInterest rates for auto loans have risen since the Fed began hiking rates.\nHere are the latest average interest rates for auto loans according to Bankrate data:\n• 60-month new car: 6.18%\n• 48-month new car: 6.17%\n• 48-month used car: 6.83%\n• 36-month used car: 6.49%\nAs\xa0the Fed hiked interest rates, 30-year fixed-rate mortgages shot up in 2022 as the Fed hiked interest rates.\nAt the start of last year, average 30-year fixed-mortgage rates hovered around 3%, according toFreddie Mac\xa0data. Now they\'re double that. However, they\'ve come down from a November peak of over 7%, the highest level since 2002.\nThe fall in mortgage rates isspurring demand from homebuyers, USA TODAY\'s Bailey Schulz reported citing recent data from the Mortgage Bankers Association.\nThe housing market cooled tremendously over the last year from the pandemic-era housing boom the Fed\'s low-interest rate environment ignited.\nRelief for homebuyers in 2023:Mortgage rates at lowest levels since September\nMortgage rate buydowns:They\'re on the rise as homebuyers cope with high interest rates\nThe first jobs report of the year is due on Friday. But members of the Fed won\'t have to wait un
**Last 60 Days of Bitcoin's Closing Prices:**
[]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-02
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $458,736,125,575
- Hash Rate: 283641164.23669064
- Transaction Count: 340169.0
- Unique Addresses: 752262.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.60
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: The search for blue-chip stocks has really been lagging of late. The decade-long bull market we recently witnessed compensated investors for seeking growth over value. Thus, companies with rock-solid business models and fundamentals were glossed over in favor of more speculative names. That said, it’s not 2021 anymore. Last year was a stark reminder to investors of what can happen when valuations matter again. Accordingly, blue-chip stocks have regained their luster among investors seeking to return to quality over the story. Although there isn’t a single, comprehensive list of blue-chip stocks to choose from, the Dow Jones Industrial Average has typically been regarded as a reliable indicator of this group. In contrast to the S&P 500 and Nasdaq , which are comprised of smaller, newer, and more growth-oriented companies, the Dow Jones index tends to favor older, more established businesses. The Dow Jones may have lost some of its glamors, but in 2022 it found its footing again. The S&P 500 and Nasdaq have suffered losses of 19.8% and 32.6%, respectively, while the Dow was down only 9.6% through Dec. 20. InvestorPlace - Stock Market News, Stock Advice & Trading Tips That said, this list of top blue-chip stocks actually comes from Canada’s Toronto Stock Exchange . I thought I’d mix things up and look at some high-quality companies that often get overlooked. Let’s dive in. BN Brookfield Corporation $36.70 CNSWF Constellation Software $1,740.00 RY Royal Bank of Canada $100.99 Brookfield Corporation (BN) Hands holding a miniature house and keys Source: Shutterstock Brookfield Corporation (NYSE: BN ), the corporation formerly known as Brookfield Asset Management, is one conglomerate that many investors don’t dive into. That’s because this company’s corporate structure is so complicated many novice investors have difficulty determining where to begin. This is due to Brookfield’s extensive subsidiary network, which includes exposure to real estate, infrastructure, private equity, data center, and even the renewable energy sectors. Story continues Although the majority of the company’s assets are in the United States and Canada, it also has exposure to both Brazil and Australia. This is one of the biggest firms in the nation, with a market cap of more than $60 billion, making Brookfield deserving of the label “blue-chip.” Although BN’s dividend yields just over 1.5%, meaning many income investors won’t jump out of bed for this name, the company does have a 10-year history of dividend growth , making it a Canadian Payout Aristocrat. Interestingly, Brookfield has also increased that dividend at a high single-digit rate (7.5%) during the past five years. Currently, BN stock trades at around $37 per share. Constellation Software (CNSWF) software stocks: Coding software developer work with augmented reality dashboard computer icons of scrum agile development and code fork and versioning with responsive cybersecurity Source: Shutterstock One of Canada’s top-performing tech stocks, Constellation Software (OTCMKTS: CNSWF ), is among the blue-chip stocks I think are worth buying on the dip, particularly for growth investors. This company has one of the most solid track records of growth out of any company on the TSX. In fact, Constellation’s stock price has surged more than 1,800% over the past decade. Its dividend is essentially non-existent, but that’s for a good reason. This software conglomerate is a machine built for acquisitions. Thus, the company deliberately chooses to reinvest its cash flow into new businesses, compounding its value over time. Notably, Constellation’s return on equity (ROE) is substantially higher than the industry average, at 9.4%. With a debt-to-equity ratio of 1.07, Constellation Software certainly utilizes a large amount of debt to increase returns. Although its ROE is quite outstanding, the company’s debt load is necessarily large to support such an M&A-heavy business model. This company’s stock price has surged approximately 200% over the past five years. Considering the 2022 we just had, that’s really not bad. Royal Bank of Canada (RY) Royal Bank of Canada (RY stock) sign in Toronto's financial district Source: JHVEPhoto Last but certainly not least, the Royal Bank of Canada (NYSE: RY ) rounds out this list of blue-chip stocks to buy. The largest company in Canada and among the biggest banks globally, Royal Bank certainly fits the bill for blue-chip stocks to consider right now. While Royal Bank is certainly focused on the Canadian market, it’s essentially a global bank. Thus, like many of its American and European counterparts, Royal Bank’s fundamental performance is driven mainly by global macro trends. As far as Royal Bank’s dividend is concerned, this is among the most robust players on this list. The company’s 3.9% dividend yield is meaningful, as is its 11-year dividend increase streak. With a five-year growth rate of over 6% , Royal Bank’s dividend is likewise expanding quickly. Overall, I think a portfolio providing exposure to these three companies should outperform in the long term. These are overlooked blue-chip stocks I think are worth a look right now. On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . Chris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today It doesn’t matter if you have $500 or $5 million. Do this now. Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air” The post 3 Solid Blue-Chip Stocks to Buy on the Dip appeared first on InvestorPlace ....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today\nMarathon Digital (MARA), one of the largest publicly traded bitcoin miners, sold 1,500 bitcoin in January - first time ever - to monetize the recent rally in the crypto market.\nThe miner said in a release on Thursday that the decision was made to cover some of its expenses. "With bitcoin production increasing and becoming more consistent, we made the strategic decision to sell some of our bitcoin, as previously planned, to cover some of our operating expenses and for general corporate purposes," Marathon Chairman and CEO Fred Thiel said in astatement. The company still holds about 11,418 bitcoin in its reserve.\nThe move bring the miner\'s strategy inline with some of its peers, including Riot Platforms (RIOT), whichstarted selling some of its mined bitcoin last year. Marathon was among few remaining miners who continued to hold onto its mined bitcoin, even afterindicating that it may sell at some point. The decision likely came after the price of bitcoin rose about 40% in January. The miner intends to continue to sell some of its mined bitcoin this year, to fund its monthly operating costs, according to the statement.\nThe miner had an operating hashrate or computing power of 11 exahash per second (EH/s) in January and plans to reach 23 EH/s near the middle of 2023, the statement said. Bitcoin network\'s hashrate is currently around282.55 EH/s, implying Marathon has about 4% of the global computing power.\nMarathon said it mined a record 687 bitcoin, which is up 45% from December. "The improvement in our bitcoin production was primarily a result of our team’s ability to work in tandem with the new hosting provider in McCamey, Texas, to address the maintenance and technical issues at the King Mountain data center that had suppressed our bitcoin production in the fourth quarter of 2022," Thiel said.\nThe shares of the minerrose on Thursday with the broader market. However, the shares fell about 4% in after-market trading as bitcoin lost some of its momentum from the earlier rally.\nRead more:Jefferies Downgrades Bitcoin Miner Marathon Digital on Construction Delays', 'Join the most important conversation in crypto and web3! Secure your seat today Marathon Digital (MARA), one of the largest publicly traded bitcoin miners, sold 1,500 bitcoin in January - first time ever - to monetize the recent rally in the crypto market. The miner said in a release on Thursday that the decision was made to cover some of its expenses. "With bitcoin production increasing and becoming more consistent, we made the strategic decision to sell some of our bitcoin, as previously planned, to cover some of our operating expenses and for general corporate purposes," Marathon Chairman and CEO Fred Thiel said in a statement . The company still holds about 11,418 bitcoin in its reserve. The move bring the miner\'s strategy inline with some of its peers, including Riot Platforms (RIOT), which started selling some of its mined bitcoin last year . Marathon was among few remaining miners who continued to hold onto its mined bitcoin, even after indicating that it may sell at some point . The decision likely came after the price of bitcoin rose about 40% in January. The miner intends to continue to sell some of its mined bitcoin this year, to fund its monthly operating costs, according to the statement. The miner had an operating hashrate or computing power of 11 exahash per second (EH/s) in January and plans to reach 23 EH/s near the middle of 2023, the statement said. Bitcoin network\'s hashrate is currently around 282.55 EH/s , implying Marathon has about 4% of the global computing power. Marathon said it mined a record 687 bitcoin, which is up 45% from December. "The improvement in our bitcoin production was primarily a result of our team’s ability to work in tandem with the new hosting provider in McCamey, Texas, to address the maintenance and technical issues at the King Mountain data center that had suppressed our bitcoin production in the fourth quarter of 2022," Thiel said. The shares of the miner rose on Thursday with the broader market . However, the shares fell about 4% in after-market trading as bitcoin lost some of its momentum from the earlier rally. Read more: Jefferies Downgrades Bitcoin Miner Marathon Digital on Construction Delays', 'Join the most important conversation in crypto and web3! Secure your seat today\nMarathon Digital (MARA), one of the largest publicly traded bitcoin miners, sold 1,500 bitcoin in January - first time ever - to monetize the recent rally in the crypto market.\nThe miner said in a release on Thursday that the decision was made to cover some of its expenses. "With bitcoin production increasing and becoming more consistent, we made the strategic decision to sell some of our bitcoin, as previously planned, to cover some of our operating expenses and for general corporate purposes," Marathon Chairman and CEO Fred Thiel said in astatement. The company still holds about 11,418 bitcoin in its reserve.\nThe move bring the miner\'s strategy inline with some of its peers, including Riot Platforms (RIOT), whichstarted selling some of its mined bitcoin last year. Marathon was among few remaining miners who continued to hold onto its mined bitcoin, even afterindicating that it may sell at some point. The decision likely came after the price of bitcoin rose about 40% in January. The miner intends to continue to sell some of its mined bitcoin this year, to fund its monthly operating costs, according to the statement.\nThe miner had an operating hashrate or computing power of 11 exahash per second (EH/s) in January and plans to reach 23 EH/s near the middle of 2023, the statement said. Bitcoin network\'s hashrate is currently around282.55 EH/s, implying Marathon has about 4% of the global computing power.\nMarathon said it mined a record 687 bitcoin, which is up 45% from December. "The improvement in our bitcoin production was primarily a result of our team’s ability to work in tandem with the new hosting provider in McCamey, Texas, to address the maintenance and technical issues at the King Mountain data center that had suppressed our bitcoin production in the fourth quarter of 2022," Thiel said.\nThe shares of the minerrose on Thursday with the broader market. However, the shares fell about 4% in after-market trading as bitcoin lost some of its momentum from the earlier rally.\nRead more:Jefferies Downgrades Bitcoin Miner Marathon Digital on Construction Delays', 'Bitcoin and Ether traded mostly little changed Friday morning in Asia after a strong run up in the week so far, with other top 10 cryptocurrencies mixed. Binance’s BNB led the gainers, while Dogecoin lost some more steam following a jump earlier this week on speculation it may play a role in the Twitter payment system being considered by Elon Musk. U.S. tech stocks gained overnight in market hours, but Apple Inc., Amazon.com Inc. and Alphabet Inc. fell after-hours on disappointing Q4 earnings released after the market closed.\nSee related article:Crypto hackers stole record US$3.8 bln in 2022, mostly from DeFi and cross-chain bridges: Chainalysis\n• Bitcoin slipped 0.93% to US$23,500 in the 24 hours to 8 a.m. in Hong Kong, but is up 1.91% in the past seven days. Ether inched 0.23% higher to US$1,645, adding to gains for the week of 2.49%, according toCoinMarketCap data.\n• “Bitcoin has been able to maintain its $23,000 price level, which it broke last week. While there is some selling pressure at $24,000, the higher resistance levels are a positive for the crypto market,” Rachel Lin, the co-founder and chief executive officer of crypto derivatives exchange SynFutures, toldForkastin an emailed comment.\n• Binance’s BNB token gained 1.87% to US$323.29, leading the gains among the top 10 non-stablecoin tokens by market capitalization, and adding 6% over the past week. Polkadot and memecoin Shiba Inu both rose 1.25%.\n• Dogecoin lost 3.12% to US$0.0912, while layer-1 blockchain Solana’s native token fell 2.61% to US$24.34. Dogecoin is still up 5.36% for the seven days after the token’s advocate and Twitter chief executive Elon Musk said he was looking to add a payments system to the social media platform, fuelling speculation Dogecoin may be included.\n• The global cryptocurrency market capitalization dipped 0.19% to US$1.08 trillion, while total trading volume grew 18.40% to US$65.89 billion.\n• U.S. equities were mixed on Thursday. The tech-focused Nasdaq Composite Index added 3.25% and the S&P 500 Index gained 1.47%. The Dow Jones Industrial Average dipped 0.11%.\n• Apple shares rose 3.71% in Thursday market-hours trading but then reversed after-hours to drop 3.2% when it released its 2022 Q4earnings reportthat showed revenue fell 5% — the largest year-on-year decline since 2019. Shares in Amazon.com and Google’s parent company Alphabet followed the same pattern; rising during market hours and then falling after-market due to disappointing earnings reports.\n• The European Central Bank (ECB) on Thursday raised interest rates by 50 basis points to 2.5%,confirming expectations, and indicated it will raise another 50 basis points in March in itsstatement. The Bank of England also hiked interest rates by 50 basis points to 4% from 3.5%. However, it added that inflation may have peaked in the UK.\n• On Wednesday, the U.S. Federal Reserve raised rates by 25 basis points, the smallest increase since March 2022. Fed chair Jerome Powell commented that the U.S. economy is seeing the start of a “disinflationary process”.\n• “The [Fed] interest rate hike, which was consistent with market expectations, coupled with the notion that disinflation is underway, has instilled even greater confidence in investors. This is evident in the upward trend we’re seeing in both the stock market and cryptocurrency market,” Henry Liu, the CEO of BTSE cryptocurrency exchange, toldForkastvia email.\n• U.S.
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-02-03
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $453,066,594,750
- Hash Rate: 260167412.7136542
- Transaction Count: 315951.0
- Unique Addresses: 738211.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.60
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Investors of neo-banking firm SoFi Technologies (NASDAQ: SOFI ) jumped for joy after Federal Reserve Chairman Jerome Powell hinted at a less severe interest rate hike this month. SOFI stock spiked, but the party didn’t last long. SoFi Technologies’ shareholders may suffer from a hangover soon as conditions don’t favor the company now. It’s great to be invested in the finance and technology sectors, especially when the economy is strong — right? Not necessarily, as central bank policy hinges on economic conditions. Moreover, SoFi Technologies is particularly sensitive to interest rate hikes. On top of that, SoFi’s investors have to worry about government policy as it pertains to student loan refinancing, which is one of the company’s core businesses. So, before you jump into a dangerous trade, consider whether the current environment actually favors a company like SoFi Technologies. InvestorPlace - Stock Market News, Stock Advice & Trading Tips What’s Happening With SOFI Stock? SOFI stock jumped 5% on Nov. 30 after Powell seemingly indicated that the Federal Reserve could tap the brakes on interest rate raises in December. However, the share price retraced downward during the next couple of days. It took a little bit of time for financial traders to fully absorb the implications of Powell’s speech. He warned, “History cautions strongly against prematurely loosening policy,” and, “we have not seen clear progress on slowing inflation.” In other words, investors shouldn’t assume that the Federal Reserve will cease hiking bond yields anytime in the near future. Powell added, “Cutting rates is not something we want to do soon,” further cementing his hawkish stance. Then, on Dec. 2, the Labor Department released a hotter-than-anticipated November jobs report . SOFI stock fell as investors realized that a strong labor market could prompt more aggressive interest rate increases — and that’s not good news for lenders like SoFi Technologies. Story continues Student Loan Repayment Pause Is Problematic for SoFi Technologies As if SoFi’s shareholders didn’t have enough to worry about, the government dealt the company a blow by extending the federal student loan repayment requirement moratorium . This is a problem for SoFi Technologies, which generates revenue from student loan refinancing. The repayment requirements had previously been scheduled to resume on Jan. 1, 2023. However, the new timeline indicates that, depending on the outcome of certain legal issues, the student loan repayment pause could extend all the way out to 60 days after June 30, 2023. According to the New York Times , President Joe Biden’s administration asked the U.S. Supreme Court to take up the student debt forgiveness issue. Just recently, the Supreme Court agreed to take the case . Thus, this conflict could persist for a while, and that’s a major hassle for SoFi Technologies and its stakeholders. Now Is Not the Time to Buy SOFI Stock SOFI stock has been in a state of decline all year long. Does this make it a good value? Not if the company is dealing with challenges presented by the nation’s government and central bank. There may be a better time, possibly in a few months, to invest in SoFi Technologies. For now, though, it’s wise to stay on the sidelines as an investor, even if you like SoFi and feel that it has a great long-term outlook. On the date of publication, David Moadel did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . David Moadel has provided compelling content – and crossed the occasional line – on behalf of Motley Fool, Crush the Street, Market Realist, TalkMarkets, TipRanks, Benzinga, and (of course) InvestorPlace.com. He also serves as the chief analyst and market researcher for Portfolio Wealth Global and hosts the popular financial YouTube channel Looking at the Markets. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air” It doesn’t matter if you have $500 or $5 million. Do this now. The post Why Now Is NOT the Time to Buy SOFI Stock appeared first on InvestorPlace ....
- Reddit Posts (Sample): [['u/ZoomZoomFarfignewton', 'Ideas to avoid this sub becoming a target of self-diagnosers?', 54, '2023-02-03 00:59', 'https://www.reddit.com/r/AutisticPeeps/comments/10s56zf/ideas_to_avoid_this_sub_becoming_a_target_of/', 'Hi everyone! Love that this sub exists!! I was thinking of some possible ways to, as the post title says, avoid this sub becoming the target of selfdxrs who come here to argue (endlessly) over self diagnosis and all the nonsense that accompanies selfdx. It just seems really exhausting to have that happen constantly.\n\nSome initial thoughts based on what I\'ve seen work in other such subs (mostly Buttcoin, the Bitcoin/crytocurrency snark sub). I propose a list of "things that will get you banned", which could be part of the welcome message and include, for instance, "arguing in bad faith". So if people are constantly going on and on with the same old selfdx lines, boom! Banhammer.\n\nAnother idea I had (also from Buttcoin) was the use of flairs to identify, in this sub\'s context, selfdxrs. And hiding your user flair gets you banned (assuming this sub doesn\'t go the way of fakedisordercringe such that everyone can choose a user flair if they want).\n\nAny thoughts or ideas? Just tossing a few things out there!\n\nEdit because I forgot: I know we\'re small but we MUST censor usernames and identifying info for other users or we risk the sub being permabanned for harassment/brigading! Ive seen it happen, peeps.', 'https://www.reddit.com/r/AutisticPeeps/comments/10s56zf/ideas_to_avoid_this_sub_becoming_a_target_of/', '10s56zf', [['u/goingtobelittler', 13, '2023-02-03 01:19', 'https://www.reddit.com/r/AutisticPeeps/comments/10s56zf/ideas_to_avoid_this_sub_becoming_a_target_of/j6zkp8j/', 'Fully agree! I think flairs are a great idea, and I think this subreddit could use a few more mods too. Not to doubt the current mod\'s ability, but more to say that as the number of members grow, the number of mods should too! Having more people to have eyes on the subreddit will make it more likely that people who come here just to stir up drama will be dealt with quicker. With only one mod in one timezone, there are 8-10 hours of the mod sleeping that this sub is completely unmoderated, which is a LOT of time for people to raid and shit to hit the fan.\n\nI don\'t know much about Reddit modding, but have modded several Discord servers, and in all of the big ones there were always "daytime" and "nighttime" mods, in that when a mod in North America was asleep, a mod in Europe/Australia would be online. Things can go south very quickly in online spaces, and I think having more hands on deck in charge of this subreddit could help prevent harassment as we grow!', '10s56zf'], ['u/lolmmayo', 11, '2023-02-03 02:15', 'https://www.reddit.com/r/AutisticPeeps/comments/10s56zf/ideas_to_avoid_this_sub_becoming_a_target_of/j6zsepo/', 'I really don’t know what arguing in bad faith actually means and it’s just too vague. Especially for some autistic people who struggle with ambiguity (myself included).', '10s56zf'], ['u/[deleted]', 15, '2023-02-03 03:16', 'https://www.reddit.com/r/AutisticPeeps/comments/10s56zf/ideas_to_avoid_this_sub_becoming_a_target_of/j700fhm/', "I'm not going to come here anymore if self diagnosers are allowed, I don't care if they have a flair", '10s56zf'], ['u/magcargo75', 40, '2023-02-03 04:00', 'https://www.reddit.com/r/AutisticPeeps/comments/10s56zf/ideas_to_avoid_this_sub_becoming_a_target_of/j70641b/', 'I think we could also do a stickied post with a general viewpoint on self diagnosis. It seems many of us aren’t against the self-suspecting type of self-diagnosis. We are against people saying “I’m autistic” and freely posting their experiences with being autistic without having any professional confirmation on it. I think many of us are also sick of the whole “professionals don’t know enough about autism” argument, as well.\n\nSure, I do think some of the self-diagnosers can be autistic, but it is to the point where diagnosed people often cannot relate, are talked down on, are talked over, are being “educated” on our own condition, and are told what words to use — and it’s too much. \n\nWhat we want is our own space: A space where diagnosed individuals can post about the things we experience and feel a sense of connectedness the way we used to in online communities.\n\nEssentially this isn’t the place to debate privilege, accessibility of services, the knowledge of professionals, the validity of diagnoses, etc; this is a place for diagnosed people to talk about our experiences. We can’t prevent lurkers, but this isn’t the space for them to invade and either intentionally or unintentionally invalidate our experiences.', '10s56zf'], ['u/ZoomZoomFarfignewton', 11, '2023-02-03 08:10', 'https://www.reddit.com/r/AutisticPeeps/comments/10s56zf/ideas_to_avoid_this_sub_becoming_a_target_of/j70w1zp/', "Not sure why gatekeeping posting is necessary, but ok. I dont post much anywhere because I dont usually feel comfortable doing so but thought it might be ok here. Thanks for making it clear that that's not the case. There's one moderator and its a young sub.", '10s56zf'], ['u/ZoomZoomFarfignewton', 12, '2023-02-03 08:21', 'https://www.reddit.com/r/AutisticPeeps/comments/10s56zf/ideas_to_avoid_this_sub_becoming_a_target_of/j70wyys/', 'Excellent points all around! A stickied post is a good idea. In general I think what I was thinking was the need to provide clear information to visitors/lurkers in a way that everything is clearly laid out once, so a stickied post would be perfect.', '10s56zf'], ['u/RedditPolluter', 10, '2023-02-03 08:44', 'https://www.reddit.com/r/AutisticPeeps/comments/10s56zf/ideas_to_avoid_this_sub_becoming_a_target_of/j70yr7c/', 'No promotion of quackery is one way of putting it. Self-diagnosis is a form of quackery.', '10s56zf'], ['u/Cheezbugga27', 13, '2023-02-03 08:58', 'https://www.reddit.com/r/AutisticPeeps/comments/10s56zf/ideas_to_avoid_this_sub_becoming_a_target_of/j70zsl2/', 'This bit is going to be a rant.\n\nI’d just be blunt and stand our ground. They already have several subbreddits that accept them, every new safe space is consumed by them or ridiculed for being “albiest” for simply bringing out a counterpoint. All of them think they’re being a “hero”, the knight shining armor, in reality they’re just strong arming groups like a brute, seeing autism and Aspergers as a medal to gain the spotlight and attention (Although I do believe wanting some attention is fine in a vacuum , but when it has gotten to a monstrosity such as this, is where it has crossed far beyond the line and it’s exploded with social media). The point of “Some people don’t have the services to get diagnosed, so it’s fine” is horrible, if that’s how logic works then if I look up enough about medicine form a couple google search, I can instantly tell someone they got lung cancer over a minor symptom.\n\n\n There has to be a space for those who need the skills and lessons from other diagnosed people as younger people may need the diagnosis so they can prepared for life and older folks can teach them how to adapt to life. There are people who are in their 30s and 50s who only recently got diagnosed which would’ve made life so much easier if they were to get the proper help and skills when they were young, as throughout their lives they believed something was wrong with them, that they never could fit in the crowd, but could never figure out why until they got older. A group of this type has to exist so that way the next generation don’t ever have to think they’re “broken” and have the skills and lessons they need for life.\n\nApologies for this rant and if it went off track for a bit.', '10s56zf'], ['u/Plenkr', 16, '2023-02-03 10:09', 'https://www.reddit.com/r/AutisticPeeps/comments/10s56zf/ideas_to_avoid_this_sub_becoming_a_target_of/j7150ig/', "I agree with most everything you said. But I disagree with banning talking about accesibility of services, in the sense that this is an issue I deal with all the time. I'm a level 2 autistic (diagnosed) and I need multiple services and accessing them is difficult. How to access: social housing, disability benefits, in-home care, a therapist, assissted living, day centre, vocational rehab, a self-direction budget to pay for disability services, housekeeping help, cleaning personel, a personal assisstent, etc. These are things an autistic person can need and accessing them is often a hassle that can range for mildy difficult (only need a little help and goes relatively quick) to an enormous hassle with losts of paperwork, control doctors that can take up to a year and then waitlists. \n\nThis is an important issue that we can help each other with. And our experiences and knowledge with it can greatly help other autistics that are still at the start of that journey of finding the right support services to fulfill their support needs.", '10s56zf']]], ['u/Science_421', 'Buying gold is just as irrational as buying Crypto', 13, '2023-02-03 02:01', 'https://www.reddit.com/r/Buttcoin/comments/10s6m8r/buying_gold_is_just_as_irrational_as_buying_crypto/', 'Gold Bugs and Crypto Bros are both selling their “investment” as a way to save yourself when the Government Fiat Money Collapses. \n\nBitcoin was started by Libertarian Gold Bugs to create “Internet Gold” and I’m not interested in anything they are selling. I will concede that Crypto Bros are more obnoxious.', 'https://www.reddit.com/r/Buttcoin/comments/10s6m8r/buying_gold_is_just_as_irrational_as_buying_crypto/', '10s6m8r', [['u/biffbobfred', 67, '2023-02-03 02:08', 'https://www.reddit.com/r/Buttcoin/comments/10s6m8r/buying_gold_is_just_as_irrational_as_buying_crypto/j6zrgkl/', 'It’s not as irrational - gold has uses outside of “I hope someone else buys this from me”.', '10s6m8r'], ['u/Potential-Coat-7233', 11, '2023-02-03 02:08', 'https://www.reddit.com/r/Buttcoin/comments/10s6m8r/buying_gold_is_just_as_irrational_as_buying_cr...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Summary: Wiboo is an emerging company whose mission has been to decentralize the power of digital marketing by advocating that each person can be a media asset, capable of impacting people around them with even more authority than big influencers, using Wibx token, as an intercession link between brands and customers. Sao Jose dos Campos, Sao Paulo--(Newsfile Corp. - February 4, 2023) - In the latest development of utility tokens, Brazils\' token wibx emerges as a reward utility token. The token already supports a user base of more than half a million people. The company aims to decentralize the power of digital marketing by advocating that each person can be a media asset, capable of impacting people around them with even more authority than big influencers. The concept of "nano-influencer" was born, which today is one of the central themes of web 3.0, in addition to the production, exhibition, and management decentralization of online content. As soon as the company understood the great possible impact of nano-influencers in an increasingly decentralized market, it created a platform in which any person can accumulate tokens only from sharing sponsored content and developing traffic, registrations, and even sales for big companies around the country. This business model was responsible for establishing Wibx as a highly relevant project, especially in a country where more than 60 million people live with less than 100 dollars per month. In addition, the nano-influencer platform has several applications in different markets, opening a range of possibilities for introducing Wibx tokens in the game, music, and immersive technology industries. As, for instance, their new project, a virtual shopping mall in a fully interactive and functional metaverse environment in which platform\'s customers will be able to use their tokens to purchase products from great companies around the world. In a country where more than 50 million people are unbanked, offering an application that facilitates revenue generation and allows purchases and payments without the need for a bank or card issuer as intermediaries had extreme importance for the currency\'s success and adoption. And, because of that, in 2020, the company focused most of its efforts on the integration of the token technology directly into ERP systems, being the first company in the crypto market to achieve this feat and, in the following year, establishing Wibx as the most accepted token in Brazil, today integrated into supermarket chains and extremely relevant stores in the city of Brazil. The company also presented results for companies and brands, by reducing the cost of marketing metrics, such as Customer acquisition cost (CAC), and Traffic costs in branded content sharing. Story continues Wibx token was first listed in 2020 on the country\'s large crypto exchange, Mercado Bitcoin. Two years later, the company ended 2022 with over $340 million traded on the token. After its first listing, Wibx has remained at the top of the list of most traded tokens in Brazil. The company understands that, despite the relevance of the Brazilian crypto market, the project\'s expansion is significant for the company and the token. Furthermore, the company is preparing to internationalize the Wibx platform in 2023, starting with other countries in South America, like Argentina and Colombia, and then expanding to Europe and North America. As a result of this initial go to market, the company presented results not only for its users, but also for more than 100 companies, enabling an average reduction of 40% in CAC and 600% in traffic costs and branded content sharing . About Wibx: Wibx is a reward utility token launched in 2019 by Wiboo Company, founded by a team of Brazilians in 2015 . The company\'s mission has been to decentralize the power of digital marketing by advocating that each person can be a media asset, capable of impacting people around them with even more authority than big influencers. Another equally ambitious project takes place with Wibx in the recording industry through a Whitelabel platform for record labels, where artists offer exclusive rewards and experiences to their fans in exchange for engagement. Finally, within the games, metaverse and e-sports market, Wibx has not only developed its applications but also strengthened its relationships with big companies in the market and great e-sports teams, aiming to convert the token into a highly relevant currency in the game sector, and also in the metaverse, with its virtual mall and other ongoing projects. Wibx Contact: [email protected] Name: Vagner Sobrinho https://wibx.io Vagner Sobrinho - Wibx Co-Founder To view the source version of this press release, please visit https://www.newsfilecorp.com/release/153693', 'Summary: Wiboo is an emerging company whose mission has been to decentralize the power of digital marketing by advocating that each person can be a media asset, capable of impacting people around them with even more authority than big influencers, using Wibx token, as an intercession link between brands and customers.\nSao Jose dos Campos, Sao Paulo--(Newsfile Corp. - February 4, 2023) - In the latest development of utility tokens, Brazils\' tokenwibxemerges as a reward utility token. The token already supports a user base of more than half a million people. The company aims to decentralize the power of digital marketing by advocating that each person can be a media asset, capable of impacting people around them with even more authority than big influencers.\nThe concept of "nano-influencer" was born, which today is one of the central themes of web 3.0, in addition to the production, exhibition, and management decentralization of online content.\nAs soon as the company understood the great possible impact of nano-influencers in an increasingly decentralized market, it created a platform in which any person can accumulate tokens only from sharing sponsored content and developing traffic, registrations, and even sales for big companies around the country. This business model was responsible for establishingWibxas a highly relevant project, especially in a country where more than 60 million people live with less than 100 dollars per month.\nIn addition, the nano-influencer platform has several applications in different markets, opening a range of possibilities for introducing Wibx tokens in the game, music, and immersive technology industries. As, for instance, their new project, a virtual shopping mall in a fully interactive and functional metaverse environment in which platform\'s customers will be able to use their tokens to purchase products from great companies around the world.\nIn a country where more than 50 million people are unbanked, offering an application that facilitates revenue generation and allows purchases and payments without the need for a bank or card issuer as intermediaries had extreme importance for the currency\'s success and adoption. And, because of that, in 2020, the company focused most of its efforts on the integration of the token technology directly into ERP systems, being the first company in the crypto market to achieve this feat and, in the following year, establishing Wibx as the most accepted token in Brazil, today integrated into supermarket chains and extremely relevant stores in the city of Brazil. The company also presented results for companies and brands, by reducing the cost of marketing metrics, such as Customer acquisition cost (CAC), and Traffic costs in branded content sharing.\nWibx token was first listed in 2020 on the country\'s large crypto exchange, Mercado Bitcoin. Two years later, the company ended 2022 with over $340 million traded on the token.\nAfter its first listing, Wibx has remained at the top of the list of most traded tokens in Brazil. The company understands that, despite the relevance of the Brazilian crypto market, the project\'s expansion is significant for the company and the token.\nFurthermore, the company is preparing to internationalize the Wibx platform in 2023, starting with other countries in South America, like Argentina and Colombia, and then expanding to Europe and North America.\nAs a result of this initial go to market, the company presented results not only for its users, but also for more than 100 companies, enabling an average reduction of 40% in CAC and 600% in traffic costs and branded content sharing .\nAbout Wibx:\nWibx is a reward utility token launched in 2019 by Wiboo Company, founded by a team of Brazilians in 2015 . The company\'s mission has been to decentralize the power of digital marketing by advocating that each person can be a media asset, capable of impacting people around them with even more authority than big influencers.\nAnother equally ambitious project takes place withWibxin the recording industry through a Whitelabel platform for record labels, where artists offer exclusive rewards and experiences to their fans in exchange for engagement. Finally, within the games, metaverse and e-sports market, Wibx has not only developed its applications but also strengthened its relationships with big companies in the market and great e-sports teams, aiming to convert the token into a highly relevant currency in the game sector, and also in the metaverse, with its virtual mall and other ongoing projects.\nWibx\nContact:[email protected]\nName: Vagner Sobrinho\nhttps://wibx.io\nVagner Sobrinho - Wibx Co-Founder\nTo view the source version of this press release, please visithttps://www.newsfilecorp.com/release/153693', "This week in coins. Illustration by Mitchell Preffer for Decrypt. After briefly dipping last week , Bitcoin and Ethereum continued their steady 2023 growth with modest gains this week. All the while, however, several other leading cryptocurrencies posted sizable rallies. Bitcoin (BTC) added just over 1% to its value over the last seven days, currently trading just above $23,400. Bitcoin mining difficult
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-02-04
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $449,826,167,438
- Hash Rate: 266035850.5944133
- Transaction Count: 304495.0
- Unique Addresses: 691143.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.58
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin Conference Draws Cryptocurrency Fans To Miami - Credit: Joe Raedle/Getty Images Twitter founder Jack Dorsey took the blame for Twitter’s controversial content decisions that the platform made under his leadership, while warning of content control by governments and corporations. Dorsey started the statement in a Twitter thread but moved it to a blog post, explaining, “I don’t want to edit everything into 280 char chunks.” The founder said that he hoped to build a Twitter that was based on principles he had learned through his “past actions as a Twitter co-founder,” but that he “completely gave up pushing for those ideas after an “activist entered our stock in 2020.” More from Rolling Stone Free Speech Champion Elon Musk Bans Jet Tracker, Vows 'Legal Action' Elon Musk Is Dumping Billions in Tesla Stock Trump's Cringiest Reply Guys Are Out of Twitter Jail. Their New Target Is Elon Musk “I planned my exit at that moment knowing I was no longer right for the company,” he wrote. The principles he hoped to achieve as a public company — social media resilience to corporate and government control, user-controlled content, and moderation implemented by algorithmic choice — were not present when he led the company, nor in today’s Twitter, he said. His statement follows the ongoing “ Twitter Files ” series currently touted by Elon Musk , the new Twitter CEO, as exposés of “free speech suppression.” Dorsey addresses the suspension of Trump’s account, one of the major topics during the third installment , and admitted, “We did the right thing for the public company business at the time, but the wrong thing for the internet and society.” “The biggest mistake I made was continuing to invest in building tools for us to manage the public conversation, versus building tools for the people using Twitter to easily manage it for themselves,” he explained. “This burdened the company with too much power, and opened us to significant outside pressure (such as advertising budgets).” Still, despite the hyperbole surrounding the Twitter files, the Twitter co-founder wrote that “there was no ill intent or hidden agendas, and everyone acted according to the best information we had at the time.” Dorsey also discusses how transparency and moderation are key to improving the social media platform, and says that he wishes the leaks “were released Wikileaks-style, with many more eyes and interpretations to consider.” Instead, Musk and select conservative journalists cherry-picked documents to release to the public, often doling them out without proper context. Following the release of the files, there have been reports of attacks on former employees, which Dorsey addressed: “The current attacks on my former colleagues could be dangerous and doesn’t solve anything. If you want to blame, direct it at me and my actions, or lack thereof.” Story continues The co-founder touched on potential solutions for new Twitter under Musk’s helm, and proposed a set of ranking and relevance algorithms that users could build and choose from to match their needs (or not use at all). Notably, in a recent interview with Reuters , Ella Irwin, who was installed as Twitter’s new head of trust and safety, said Musk encouraged the company to rely more on automation and less on human review when making content moderation decisions. Dorsey also announced that he will begin funding Signal, which has remained resilient to government control, with $1 million a year. He stated that more grants would be issued. “I’m going to open a new category of #startsmall grants: ‘open internet development,’” he said. “It will start with a focus of giving cash and equity grants to engineering teams working on social media and private communication protocols, bitcoin, and a web-only mobile OS.” He asked readers to send potential candidates his way, which shouldn’t be too hard a task as Matt Taibbi shared the co-founder’s email in the first “Twitter Files” run. Best of Rolling Stone Meet the Creators and Activists Leading Social Media's Next Wave Every Super Bowl Halftime Show, Ranked From Worst to Best 5 Festivals That Ended in Disaster Click here to read the full article....
- Reddit Posts (Sample): [['u/ItsARoughOneYaKnow', 'How and Why did Ordinals gain so much traction?', 28, '2023-02-04 01:49', 'https://www.reddit.com/r/Buttcoin/comments/10t0jxo/how_and_why_did_ordinals_gain_so_much_traction/', "Genuinely curious as to what the appeal is to storing arbitrary information on the Bitcoin Blockchain and why it's so controversial. \n\nWhat's their philosophy behind it and how does it even tie into the larger ethos of creating a digital currency that's untethered to the fiat system?", 'https://www.reddit.com/r/Buttcoin/comments/10t0jxo/how_and_why_did_ordinals_gain_so_much_traction/', '10t0jxo', [['u/pleasetrimyourpubes', 26, '2023-02-04 01:51', 'https://www.reddit.com/r/Buttcoin/comments/10t0jxo/how_and_why_did_ordinals_gain_so_much_traction/j74l9ln/', "They're cheap to 'mint.' Costs $3 to $5 to 'mint' one. Contrast that to an NFT that costs between $70 and $300.", '10t0jxo'], ['u/ComedyGodl', 50, '2023-02-04 02:07', 'https://www.reddit.com/r/Buttcoin/comments/10t0jxo/how_and_why_did_ordinals_gain_so_much_traction/j74nccy/', "It is because buttcoiners believe they'll be able to sell jpegs on the Blockchain to the next fool that falls for it.\n\nThis have no other value whatsoever, but those are dumb people looking for dumber people.", '10t0jxo'], ['u/pleasetrimyourpubes', 10, '2023-02-04 02:17', 'https://www.reddit.com/r/Buttcoin/comments/10t0jxo/how_and_why_did_ordinals_gain_so_much_traction/j74ol5t/', 'It doesn\'t take up any space in the blockchain people are just dumb. Nodes and miners can totally delete the ordinal artifacts from their segwit databases. And someone can just store them centrally somewhere. All it is doing is putting a signature of them on the blockchain, with the side effect that it gets stored in the segwit data fields that miners/nodes normally have to keep track of. But it\'s not a real segwit Bitcoin transaction it\'s just data being spammed to the segwit side ledger.\n\nIt\'s cheaper because when they made the segwit compromise they gave "witness" fields a huge satoshi \'discount\' (everything is arbitrary in this space anyway). The idea of segwit basically being bundled transactions that aren\'t stored on the blockchain but rather in a side ledger. Thus "segregated witness."', '10t0jxo'], ['u/grauenwolf', 16, '2023-02-04 04:23', 'https://www.reddit.com/r/Buttcoin/comments/10t0jxo/how_and_why_did_ordinals_gain_so_much_traction/j75449z/', "> It doesn't take up any space in the blockchain people are just dumb. Nodes and miners can totally delete the ordinal artifacts from their segwit databases. \n\nIf you delete data from the chain, then one of two things must be true...\n\n1. You broke the hash and your ability to verify the chain\n2. The data was never part of the hash and thus may have been altered\n\nWhich are you claiming to be true?", '10t0jxo'], ['u/grauenwolf', 27, '2023-02-04 04:23', 'https://www.reddit.com/r/Buttcoin/comments/10t0jxo/how_and_why_did_ordinals_gain_so_much_traction/j7545vv/', 'They found a new toy to play with.', '10t0jxo'], ['u/grauenwolf', 18, '2023-02-04 04:24', 'https://www.reddit.com/r/Buttcoin/comments/10t0jxo/how_and_why_did_ordinals_gain_so_much_traction/j7548jj/', 'They found a way to annoy snobbish Bitcoiners, who tend to be anti-NFT.', '10t0jxo'], ['u/grauenwolf', 14, '2023-02-04 04:24', 'https://www.reddit.com/r/Buttcoin/comments/10t0jxo/how_and_why_did_ordinals_gain_so_much_traction/j754bc3/', 'They are actively attacking the processing power of Bitcoin for fun or to promote an alternative such as Ethereum', '10t0jxo'], ['u/Alphaetus_Prime', 13, '2023-02-04 05:20', 'https://www.reddit.com/r/Buttcoin/comments/10t0jxo/how_and_why_did_ordinals_gain_so_much_traction/j75avjd/', 'They\'re misunderstanding how it works. The data can be "pruned," because it has no bearing on future allowable transactions. But that just means it doesn\'t have to be loaded into memory when processing transactions.', '10t0jxo'], ['u/Alphaetus_Prime', 12, '2023-02-04 06:47', 'https://www.reddit.com/r/Buttcoin/comments/10t0jxo/how_and_why_did_ordinals_gain_so_much_traction/j75jcvo/', "You're just looking for a fight, aren't you? I told you the exact way in which the person you originally replied to was wrong and you don't even care.", '10t0jxo']]], ['u/SnooTangerines6389', 'Should I sell my inventory and make a bitcoin mine', 11, '2023-02-04 02:17', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t15om/should_i_sell_my_inventory_and_make_a_bitcoin_mine/', 'I have 1.5 mill right now if I sell my whole inventory I’ll have around 7.5 mill and should I make a bitcoin mine with that or should I just grind to get the money ? Like scav runs and normal loot runs ??is it even worth it', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t15om/should_i_sell_my_inventory_and_make_a_bitcoin_mine/', '10t15om', [['u/kjensen21122112', 13, '2023-02-04 02:26', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t15om/should_i_sell_my_inventory_and_make_a_bitcoin_mine/j74pna6/', 'Dont make bitcoin mine. Its not worth it this wipe', '10t15om'], ['u/Franklin_le_Tanklin', 19, '2023-02-04 02:39', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t15om/should_i_sell_my_inventory_and_make_a_bitcoin_mine/j74rd5l/', 'So it really depends on how you play.\n\nIf you’re running your generator 24/7 then it’s worth.\n\nIf you aren’t crafting in your hideout and not running it, it’s not worth.\n\nBtc farm costs around 1.5 mill to build and buy a single gpu. You get a btc every roughly 35 hours to start. Btc are worth 140k right now.\n\nSo 24 hours x 7 days = 168 hours a week. \n\n168/35 = roughly 5 bitcoin a week.\n\n5 bitcoin x 140k = 700,000 roubles a week\n\nSo you’ll make it back within about 2 weeks.\n\nThere’s about 5 months left in the wipe\n\nSo def worth it imo IF you are running your generator 24/7 to craft anyway.', '10t15om'], ['u/Screamin_Toast', 12, '2023-02-04 02:58', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t15om/should_i_sell_my_inventory_and_make_a_bitcoin_mine/j74tr87/', 'No. Booze is what you want. You will make 100x the money from it then bitcoin. Use booze to fund bitcoin later.', '10t15om'], ['u/vybegallo', 11, '2023-02-04 07:11', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t15om/should_i_sell_my_inventory_and_make_a_bitcoin_mine/j75lett/', 'I would advice to delete your inventory, that would be unpredictable, and being unpredictable is the key to survival in this game', '10t15om']]], ['u/killamobster', 'How many roubles are you all sitting? Like actual money in your stash, not value of stash etc.', 281, '2023-02-04 04:51', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/', "What level also? Is a lot about to be invested in your hideout? \n\nPeaked at literally 2.5mil this wipe, I'm level 33 still pushing hideout. Intelligence level 2 next and scav case which will obviously destroy my bankroll. Everything else max, no BTC farm, solar or air filtering as of yet though", 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/', '10t48sh', [['u/TheSmalHobbit', 45, '2023-02-04 04:55', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j757pjv/', "9 mil roubles, 112k USD, most the hideout is built out other than Solar and Level 3 intel/Bitcoin\n\nEdit: Checked now that I'm home, stash worth is 45 mil", '10t48sh'], ['u/TheSmalHobbit', 13, '2023-02-04 04:56', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j757v5r/', 'Just hit 39 today', '10t48sh'], ['u/Suttbuxx', 15, '2023-02-04 04:57', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j757yoq/', "Lmfaoooo, well, thanks to me maining a task, and making it my goal to complete it before I longest out, I spent about 3mil in roubles before I finally rage quit (bout 4 days ago since I've played now lol), so now my stash has about 10k roubles in it lmfaoooo rip.", '10t48sh'], ['u/TheSmalHobbit', 23, '2023-02-04 05:05', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j758ubu/', 'Yeah, I took advantage of good return on investment barters that are usually cheap to keep money up like salt for the alpha dog suppressor or hunting matches for a Tarzan rig. Also pre-planned my wipe and bought things that get expensive later, like gpus for 120k, as soon as I got the flea market.', '10t48sh'], ['u/Uncle_Bobby_B_', 19, '2023-02-04 05:15', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75a4xd/', 'Level 47, 56mil in cash and around 130 million stash value', '10t48sh'], ['u/xawdeeW', 13, '2023-02-04 05:24', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75bbfr/', 'Level 12 PMC, I have a little over 2 million roubles but also 4 scav junk cases. Yes I’m a hoarder 🤭', '10t48sh'], ['u/xawdeeW', 44, '2023-02-04 05:24', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75bey1/', 'Damn homie, save some pussy for the rest of us', '10t48sh'], ['u/Uncle_Bobby_B_', 48, '2023-02-04 05:25', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75bhxe/', 'Trust me I ain’t taking any!', '10t48sh'], ['u/MisedraN', 16, '2023-02-04 05:35', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_sitting_like_actual/j75ci2j/', "8.5 mil roubles \n17k usd\n\nLvl 35\nWant to hit 15-20 mil and then run some cool gear\nCurrently I'm just running with a pp19 and some cheap Lvl 3 armors", '10t48sh'], ['u/frolie0', 50, '2023-02-04 05:40', 'https://www.reddit.com/r/EscapefromTarkov/comments/10t48sh/how_many_roubles_are_you_all_...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['New York, NY --News Direct-- Teamatix Crash gambling is a game that involves a graph and changing betting odds, but it is very simple to play. The line on the graph represents how the odds will change over time. Once the game starts it can crash at any point. So you need to cash out before that happens or the wager will be lost. For example, if the odds have changed to 2x as indicated on the graph and you wagered $50, then you can cash out $100 as a reward. In this informative guide, you will learn about the different types of crash game and what casinos allow you to try them out. Also, read to the end to learn about the answers to frequently asked questions. Best Crash Gambling Sites – Top 5 Stake.com - Best Crash Gambling Site Overall BC.game - The Best Welcome Bonus Winz.io - Biggest Library of Crash Betting Games (+47) Cbet.gg - You Should Play JetX Here 7Bit Casino - The Original Crash Games In this section, we cover a few casinos where you can start playing crash. They are a great starting points for players that don’t know where to find those offerings: Stake.us - Best Crash Gambling Site Overall Customers are satisfied with this gambling website and it accepts players from many countries. Also, the live chat help functionality is a great resource for those who are stuck. This website was established in 2018 and you can also deposit in cryptocurrencies if you wish to play crash. BC.game - The BestWelcome Bonus They offer some of the top software developers in the gambling industry. Also, the 256-bit encryption ensures that your private information is kept safe while playing. Bitcoin and Ethereum are offered when playing the crash game. BC.game was founded in 2014 and the gaming licence is by Curacao. Winz.io - Biggest Library of Crash Betting Games (+47) This is not a licensed casino and their customer support is lacking. However, they provide crypto deposits and withdrawals, which is not possible at many casinos worldwide. They offer a range of gaming options, which include baccarat, blackjack, keno and crash. Also, Winz.io has a nice user interface that allows players to find the games they are looking for quickly. The registration process is also quick, which means you can start gaming within a few minutes. Story continues Cbet.gg - You Should Play JetX Here This website was established in 2018 and they have a licence from the Curacao eGaming Authority . There is mobile support and the cash-out period takes only 1 hour. The payment processors include Bitcoin, Sitcpay, U-Net, EOS and Tether. Also, there is a 100% deposit bonus offer that can be used when sending Bitcoin to the cashier. There is a lot to like about the reputation and choice of games at this digital casino. 7Bit Casino - The Original Crash Games This casino provides bitcoins are the deposit method, which is great for gamblers that want to use cryptocurrencies for wagering. 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The action works by providing a racket with fuel by depositing Ether, which then causes it to go up and increase the return on investment. Cash out before the rocket crashes to win money. Top 3 Csgo Crash Betting Sties Now it is time to take a look at the top 3 CSGO crash betting websites where you can try the action out for yourself. These are popular options that have been tested and have a good reputation among the player base. CSGOLuck : this is one of the more popular options in this space. They have a commitment to delivering goods odds and frequent bonuses that incentivize players to continue gaming. There is a live-chat box feature to get help and an active community. Also, the free-sign up bonus ensures that new players can enjoy the quality of the experience with extra rewards. Duelbits: this CSGO crash betting website was founded in 2016 and that continued to increase the player base over the years. The streamlined easy registration process allows players to start gambling within minutes. Also, there is a free sign-up bonus offer that provides new players with a reason to join today. One of the benefits of gaming at Gamdom is the large choice of deposit and withdrawal methods. However, no live chat is offered to get help when it’s needed. CSGORoll: this website first opened in 206 but was forced to close for a period because of Steam’s CSGO skins policy. Back in 2020 it reopened and is not flourishing with players and bonuses. In fact, new players receive a good bonus offer that makes the quick registration process worthwhile. Furthermore, you will get free daily bonuses, which means that coming back to gamble on a daily basis is a good deal. Crash Gambling – What Are the Rules This game is loosely based on the concept of trading and caters to players that enjoy that kind of thing. The action involves a graph with a line that constantly goes up. While this occurs the odds for withdrawing go up and you can cash out at any point. However, eventually the game will crash and players that have not cashed out before this happens will lose the wager. Therefore, it is a risk and reward gameplay mechanic. To win money players need to be patient and wait for the odds to increase so the winnings are higher. However, if they get too greedy, then the entire wager will be lost due to the game crashing. At the time of writing, crash is not one of the easiest gaming options to find online because the top software providers have not developed it. For example, you will not find it available from industry-leading software companies like Microgaming and NetEnt. Stake.com - Best Crash Gambling Site Overall BC.game - The Best Welcome Bonus Winz.io - Biggest Library of Crash Betting Games (+47) Cbet.gg - You Should Play JetX Here 7Bit Casino - The Original Crash Games What Are the Game Odds The game odds are usually set on the casino or website where you are playing. Therefore, they can be different and you need to adjust your strategy. Ideally, you will find a website that offers the best gambling odds by reducing the house edge. Keep in mind that many crash games have a mechanic of around 1% chance to instantly crash when the game starts. This means that no matter what you do, there is no chance of winning money for that round. Note that the odds on the betting line start small and increase rapidly over time. You will start at 1x and potentially end up at 10x, which means that you can cash out for 10 times the wager amount. What Are Crash Game Payouts Like This section covers topics that relate to the payouts and multipliers within the game. Note that these are just a rule of thumb. The actual details of the action will be different for each caisno where you are playing. Therefore, make sure to read the terms and conditions to ensure you have the relevant information. Game rules: the game starts when you wager an amount of money. The amount that you can bet will be based on where you are playing. There might be a minimum and a maximum amount that you can wager. Once you have placed a bet the action starts and the point on the betting line goes up. This increases the odds and the game ends when you cash out or the game crashes, and you lose the entire wager. The multiplier: these are the chances of cash out odds as the game changes. So the action starts at 1x and it may increase to a 2x multiplier incrementally or it will jump there in one go. Each casino creates different multipliers so you will need to play to figure out what you will face. Note that the idea is to get the highest multiplier to win the most cash possible. The minimum and the maximum crash point: this is the range of multipliers where the game can crash. The house edge typically works by creating a crash point immediately after the game starts. The maximum crash point is the higher possible multiplier for the game. You can risk your wager by waiting for the betting line to reach this number, but there is a high chance of the game going bust before that happens. The minimum cash out: this refers to the smallest multiplier that you can hit to get your wager back and winnings. Most games provide a minimum cash out point that is around 2x, which means you will get double your wager. However, this is not set in stone and will be different at each casino. You could use a strategy where you always try to hit the minimum cash out to keep the risk low. Stake.com - Best Crash Gambling Site Overall BC.game - The Best Welcome Bonus Winz.io - Biggest Library of Crash Betting Games (+47) Cbet.gg - You Should Play JetX Here 7Bit Casino - The Original Crash Games Crash Betting Games Based on Currency This section shares the various currencies that can be used when enjoying this game. You will see that the game can be played in a variety of ways to suit your needs. Being aware of the options allows you to get the most out of the experience. CS:GO Crash Gambling Skins: one of the best ways to show off in CSGO is by sharing a rare skin. These are essentially cosmetics that change the look of your character. The rarity of skins varies from common all the way to rare. You can win skins from the crash game and the rarity of the skin increases as you increa
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-02-05
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $449,226,939,562
- Hash Rate: 297334185.95846194
- Transaction Count: 254113.0
- Unique Addresses: 594717.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.58
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: The housing market is a mess. Homebuilder stocks are suffering.
There are many reasons for this. Boomers refuse to move out. Millennial buyers can’t move in. So-called “starter homes” that brought generations into the market are now unaffordable for many.
The problem is homebuyers don’t just buy houses. We also buy the money to buy houses. For the first time in decades, that debt costs a lot, with interest rates for 30-year mortgages nowwell over 6%.
InvestorPlace - Stock Market News, Stock Advice & Trading Tips
When was the last time the market was this bad? It was when I bought my first house. I paid $49,500 in 1984. That’s the equivalent of $142,000 today. ButI also paid 13%to finance the purchase. In terms ofaffordability,we’re in the same place we were back then.
Housing stocks are now super-cheap, most selling for price-to-earnings ratios around 5-times. But many analysts are stillwarning investors away.They see falling sales, rising costs, and big trouble ahead.
Why would anyone consider investing in the stock of a company that builds houses? Because recessions end, interest rates fluctuate, and this, too, shall pass. Because, in many cases, investors are fearing the future andignoring the present.
I am not the only one who believes this. Warren Buffett ofBerkshire Hathaway(NYSE:BRK-A) believes it, too. Why else would hebuy 7%of building supplierLouisiana-Pacific(NYSE:LP)?
Those who are bullish on housing say the builders are a lot like Louisiana-Pacific. No one wants them, so now is the time to look at them.
On the theory that the harder they fall the faster they rise, here are five homebuilders to put on your radar. Those that have fallen hardest in 2022 are listed first, and those that have fallen the least are listed last.
[{"TOL": "MTH", "Toll Brothers": "Meritage Homes", "$50.08": "$92.29"}, {"TOL": "LEN", "Toll Brothers": "Lennar", "$50.08": "$91.99"}, {"TOL": "PHM", "Toll Brothers": "Pulte Group", "$50.08": "$45.83"}, {"TOL": "DRI", "Toll Brothers": "D.R. Horton", "$50.08": "$87.97"}]
Source: IgorGolovniov / Shutterstock.com
Toll Brothers(NYSE:TOL), based north of Philadelphia in Fort Washington, has lost one-third of its value in 2022. Shares opened the year near $70 and will likely close near $50. But if you think the high end of the housing market will rebound first in 2023, this may be among the homebuilder stocks you’re looking for.
Business at Toll Brothers isn’t bad. It’s quite good. For the three months ending in October, the company handilybeat estimateswith earnings of $640.5 million, or $5.63 per share,on revenue of $3.58 billion.It sold 3,765 homes with an average price near $1 million during the quarter. Additionally, the company reported a backlog of nearly 8,100 homes at the end of the period. Deliveries for the current quarter were estimated at 1,750-1,850 homes, or 8,000-9,000 for the coming fiscal year.
However, Toll Brothers’ stock keeps getting hammered. It’s now trading right at its book value. The company’s price-to-earnings ratio is below 4.5. Its modest dividend of 19 cents per share still yields 1.58%. Yet, the average price target atTipranksis just $55.20,13% aheadof where it traded December 12.
There is ample evidence for the short-term slowdown Toll Brothers expects. This is especially true for infill projects inside cities. A projectaround the cornerfrom me is being slow-walked, the construction loan kept open in hopes a higher-interest mortgage won’t be needed. But the company is also still announcing larger suburban projects, like a 290-unit development in suburban Chambleedue for completion in 2024.
The bear case for Toll Brothers stock is based on fear. High-priced homes and high-priced money are a wicked combination. But luxury homes are often bought for cash, by people who already own homes. Toll doubled-down on the infill segment in 2020, buyingSharp Homesand thenThrive Residential.
If the coming recession doesn’t become a depression, Toll’s careful planning in 2022 should pay dividends for stockholders in what I view as one of the best homebuilder stocks out there.
Source: ©iStock.com/Sashick
If the thesis behind Toll Brothers intrigues you, you can double down on it with a small bet onMeritage Homes(NYSE:MTH). The stock is down nearly 26% in 2022, but was recently rising off October lows of under $67.
That’s because the Scottsdale, Arizona-based company has grown steadily for years, and is consistently profitable. Investors’ fears about the future has it selling at just $93 per share on December 13, or 3.6-times earnings. Additionally, the company’s market cap of $3.4 billion is just 60% of 2022’s sales. Those are the numbers of a low-margin retailer, not a company that brought 14% of revenue to its net income line last year.
Even inside Meritage, confidence is low. Independent directorPeter Axe sold $500,000 of stock recently,but most other insiders are hanging in. Like everyone else, they’re worried about plunging salesin the face of declining supply.
The reason for the worry is interest rates. With rates at up to 7.5% on a 30-year mortgage, even for those who put 20% down, qualified buyers are hard to find.
The question is, what if we’ve hit the peak in interest rates, as recent inflation data suggests? Inflation was 7.1% for the year ending in November, but upjust 0.1% month-over month. Prices are falling for energy, rents, and many commodities. Maybe the market gets a spring thaw.
If we do get a soft landing, the high end of the market should get help first. You’re highly leveraged to that on Meritage stock. Some analysts are alreadyraising their ratings on Meritage. Zacks calls ita top momentum stock for the long term.
Source: madamF via Shutterstock
Lennar(NYSE:LEN) is the second-largest company among homebuilder stocks on this list, with a market cap of $26 billion. That’s down 21% for 2022, but the trend has been up since October, when it bottomed at $71. The stock was trading December 13 at over $91.
Lennar is four-times bigger than Meritage, large enough to have sophisticated financial management. It also has imagination, evidenced by a small community of homes outside Austin, Texas it is buildingusing 3D printingtechnologies.
As the market seized up this fall, Lennar publiclyoffered to sell 5,000 new homesto big landlords, selling entire subdivisionsat once. The average Lennar home sells for $500,000, but buying in bulk can bring big discounts.
Those buyers may not exist, however.Blackstone(NYSE:BX) recentlylimited withdrawalsfrom its residential housing fund. Some sales contracts have beencancelled.
Lennar’s most recent earnings report showed net earnings per share up 11% andhome deliveries up 13%. But that included 1,000 sales to rental operators, including its own operation, which has $1.25 billion in loans committed for such purchases. The company’s total long-term debt was nearly unchanged from a year earlier at $5.7 billion, with $13 billion in finished homes in inventory andcash of $1.5 billion.
Anyone interested in buying a housing stock should look closely at Lennar’s November quarter numbers, which were due to be releasedDecember 15.These will give a good indication of the sector’s health.
If Lennar’s numbers are better than feared, the stock should rise. The stock’s price-to-earnings ratio is just 6-times, and you get a 37.5 cent per share dividend that yields 1.7%. Most analysts seem to be holding their breath, maintaining their ratings, but with one-year price targets that are all over the map, from a low of $72 to a high of $133.
Source: rafapress / Shutterstock.com
PulteGroup(NYSE:PHM) stock was selling in mid-December for just 4.7-times earnings, after increasing its dividendfor the fifth year in a row. Pulte’s target market is millennials and their boomer parents, with 43% of homes aimed at first-time buyers and 25% “active adult” communities under the DelWebb and DiVosta brands.
The is among the homebuilder stocks with a bullish chart pattern that can’t get any love. Zacks recently rated the stocka strong sellbecause of what it called a “challenging housing market” in 2023.
Their evidence comes from Pulte’sthird quarter report. The company posted a miss on earnings at $2.69 per share, on revenue of $3.94 billion. But the miss was by just 4 cents per share. Earnings were up 48% year-over-year, with gross margins rising to over 30%.
Management isn’t acting like a hard recession is coming. The cash balance of most homebuilder stocks is something to watch. In this case, company’s cash balance is down $1.5 billion in 2022. It all went into inventories of homes and land. That may be because Pulte is five years past a very public spat between founder Bill Pulte and William Dugas, who moved the company to Atlanta from Detroit. Dugas was pushed out in 2017 and replaced by current CEOJames Marshall. Pulte died in 2018 and his grandson, who acted as his spokesman during the fight, is now building a new company asThe Pulte Family. I believe the aggressive growth plan being pursued by Marshall today is a Pulte legacy.
If the coming recession is worse than now feared, and if car-oriented suburbs are on the way out, then Pulte does have problems. But I don’t think that’s the way to bet.
Source: Casimiro PT / Shutterstock.com
If you’re going to bet big, you’ll want to consider the biggest player among homebuilder stocks,D.R. Horton(NYSE:DHI). That’s the way Wall Street looks at it, too. The stock is down 19% in 2022, but that’s just slightly below the year’s fall in the average S&P stock, which was down 16% in mid-December.
Horton stands tall in terms of its financial strength. The Arlington, Texas company has a market cap of $30 billion, but that’s just 5.3-times last year’s earnings. Even if the company hits current estimates of a drop to $9.70 per share in earnings, it would have a price-earnings ratio of less than 9-times next year.
Analysts worried about the sector insist DHI stockcould fall 50% this year, but the company seems aware of t...
- Reddit Posts (Sample): [['u/[deleted]', 'Should you buy a new computer when plugging in your Trezor?', 12, '2023-02-05 00:16', 'https://www.reddit.com/r/BitcoinBeginners/comments/10tudp7/should_you_buy_a_new_computer_when_plugging_in/', "I've had the same computer for a few years; I have no idea what kind of spyware is on here. I'll be putting my bitcoin onto cold storage/a Trezor and I'm wondering if I should buy a new computer to do it, since from my understanding, I will need to plug it into a USB port? Any thoughts/relevant comments would be greatly appreciated =) \n\nP.s. Trezor Model T", 'https://www.reddit.com/r/BitcoinBeginners/comments/10tudp7/should_you_buy_a_new_computer_when_plugging_in/', '10tudp7', [['u/bitusher', 10, '2023-02-05 00:19', 'https://www.reddit.com/r/BitcoinBeginners/comments/10tudp7/should_you_buy_a_new_computer_when_plugging_in/j78skd1/', 'Part of the reason Hardware wallets exist is because they allow you to create private keys , restore them and sign transactions even in insecure environments. Your seed words are created in your trezor model T and never are shown in your computer \n\nThus buying a new computer is not needed. \n\nThe focus should be on these aspects :\n\nhttps://www.reddit.com/r/BitcoinBeginners/comments/g42ijd/faq_for_beginners/fouo3kh/', '10tudp7'], ['u/BTCMachineElf', 10, '2023-02-05 00:30', 'https://www.reddit.com/r/BitcoinBeginners/comments/10tudp7/should_you_buy_a_new_computer_when_plugging_in/j78u2j3/', "If you're worried about malware, back up your files and reinstall your OS. Your PC will be like new. But as bitusher said, the whole point of a hardware wallet is to segregate and safeguard your private key from a potentially compromised PC, so it's not necessary here. \n\nThe worst that could happen is a clipboard malware that substitutes and address that you copy/paste with the hacker's. So check the first and last 6 digits of the addresses that you copy and paste. And be mindful of phishing attacks, where you get a link in an email or private message to a website that looks like your exchange, so when you enter your login/pass, they get it. In summary, check addresses you send to after you paste, and only use your bookmark to go to your exchange.", '10tudp7']]], ['u/HarvardHopeful2020', 'How much will HUT be when BTC is 200k, 500k, 1 Million?', 13, '2023-02-05 01:46', 'https://www.reddit.com/r/hut8/comments/10tweua/how_much_will_hut_be_when_btc_is_200k_500k_1/', "How much will HUT be when BTC is 200k, 500k, 1 Million?\n\n2025-2026 BTC price is supposed to peak at 200k area. How high will HUT peak assuming it will have holdings of probably around 20k BTC by then? I am thinking 50 HUT at 150k BTC and 100 HUT at 200k BTC.\n\nHow about if BTC is 500k, I am thinking HUT 200+.\n\nAt BTC 1 million I see HUT at 300+ by 2030, although it's likely BTC peaks at 200-300k in 2025/2026.\n\nThoughts?\n\nI loaded positions at the December lows and again at the lows last summer. Will aim to add more in March and June.\n\nI see HUT at 40-50 when BTC breaks 100k around 2025-2026.\n\nUpdate: I am not comparing RIOT and MARA charts. I just think HUT's next cycle high will be 2x the previous, which is about 40. My average is around 2. \n\nRIOT did a 100X 0.8 to 80 last cycle bottom to top. I think HUT will outperform RIOT this time around because it fully retraced the 2021 pump and is not selling any Bitcoin.", 'https://www.reddit.com/r/hut8/comments/10tweua/how_much_will_hut_be_when_btc_is_200k_500k_1/', '10tweua', [['u/IgloosRcold', 14, '2023-02-05 02:07', 'https://www.reddit.com/r/hut8/comments/10tweua/how_much_will_hut_be_when_btc_is_200k_500k_1/j796bkn/', '20k Bitcoin * 200k per coin / 196 million shares puts hut at 20 dollars per share on just the value of Bitcoin holdings. 100 dollar hut is wishful thinking.', '10tweua']]], ['u/karlizak', 'Simple market cycle analysis. Where are we in the cycle?', 24, '2023-02-05 01:52', 'https://www.reddit.com/r/CryptoCurrency/comments/10twjh8/simple_market_cycle_analysis_where_are_we_in_the/', '\nLet’s figure out where we are in the current cycle by using simple market cycle analysis.\n\nYou do not need fancy technical analysis skills to be a good swing trader but it does help.\nI’m going to keep this simple and discuss a way to analyze markets with nothing other than a standard market cycle chart and market sentiment. \n\nWe are going to work from top to bottom, as most people buy in at the top.\n\n(1) Euphoria Stage \n\nDo you remember when Bitcoin hit 68k USD and everybody thought we were for sure going to 100k? That was the euphoria stage. We followed that with a sustained dump followed by a slow and steady pump to the “double top” this was truly a bull trap. This specific scenario wrecked A LOT of people including experienced traders.\n\n\n(2) Complacency \n\nWe trended down a bit from the double top, and consolidated. This was the complacency phase. It will get better. It always does… right? Let’s just hold. \n\n(3) Anxiety\n\nPrices continued down and we entered the anxiety phase. This is where we really start to wonder if things will get better, or if we simply fucked up. At this point you should always trust your gut. It’s usually right.\n\n(4) Denial\n\nYou guessed it! Prices went even lower. This is the denial phase. We convince ourselves our investments will come back, even though we know they probably won’t anytime soon. ADA is a great project. This is just a healthy correction.\n\n(5) Panic\n\nThis brings us to the panic stage (capitulation) the big FTX crash. \nEverybody sells off, this causes bank runs. “Crypto is going to zero” Exchanges and miners fold.\n\n(6) Anger\n\nWe followed the FTX crash by entering the anger phase. We are PISSED OFF. Everyone hates Sam Bankman Fried. This is all his fault right? Public enemy number 1. Fuck SBF!\n\n(7) Depression\n\nWe forget about how mad we are at Sam and his beautiful girlfriend Caroline and enter the depression phase. We just give up. This were things get interesting and we actually have to analyze how market cycles work. This is the phase where you need to do the opposite of everything your body and brain is telling you to. It’s the hardest part of investing. \n\n-Crypto cycles-\n\nThis next part is very important. \n\n(1) Accumulation phase \n\nThe depression phase is where you gave up and sold. Crypto is done. The depression phase is also known as the “Accumulation phase” this is where the whales and “smart money” buy up all the coins you liquidated for the cheapest price they will ever be again. You effectively sold bottom. It’s only up hill from there. Oops! \n\n(2) Run up phase \n\nThe run up phase also known as “disbelief” is when the price starts rising and everybody thinks “this is just a bull trap” sound familiar? Thought so! This is where we are RIGHT NOW. The price continues to rise and everybody thinks buying at these levels is dumb because the bull trap will be huge! (Thanks Reddit for the good advice) \n\n(3) Hope! \n\nThe price continues up, quick at first and then slow and steady. We are entering this phase right now. We are somewhere between disbelief and hope.\n\nReddit is becoming bullish, hopium is rising, all is well in crypto. The people who thought we were in a bull trap start buying here. They were wrong about the bottom not being in. This is truly the bull run…. Or is it…. ?\nPrice goes even higher. We’re gonna be rich! \n\n(4) Bear trap. \n\nYour coins sell off. Prices decline rapidly at first, and then slow and steady for months. This is what most people call the bull trap, but it’s really a bear trap. You sell at the bottom and give up, the price sky rockets! This is the last time we see these levels. \n\n(5) Optimism \n\nFinally!! This is the real bull run. It’s up hill from here. Everybody becomes a genius investor and many become temporarily millionaires. \n\n(6) Belief\n\nYou truly believe this will last forever. You’ve made your first million. You’ll never lose it. Might as well make the whole family rich as well. Let’s tell everyone we know to invest. It’s easy. You give them your genius advice and they accept it once you show them all the money you made.\n\n(7) Thrill. \n\nThis is amazing. We’re all rich! Let’s go Doge coin!!!! $1.00 coming soon!! IM THE NEXT WARREN BUFFET OF CRYPTO. You tell Burger King to fuck off and quit your job. \n\n(8) Euphoria \n\nWe are now at all time highs. Doge is at $1.00 but it’s going to $10.00 for sure! Let’s go! Grandma! BUY DOGE! Elon is going to use it on Twitter it’s for sure going to $100. Market cap doesn’t really matter guys….little do you know. \n\nIt’s only down hill from here. Enter complacency phase this can only end one way. The depression phase. You type up your resume and do the walk of shame back into Burger King. \n\nThis is a complete market cycle summed up. \n\nI believe we are in the hope/disbelief stage. I have used other technical analysis to confirm these theories and that this run is almost identical to 2019 but I wanted to keep this post simple. \n\nThis is not financial advice and nobody knows what’s going to happen. We can use the market cycle chart analysis to make educated decisions that are better than simply guessing. \n\nWhere do you think we are in the cycle and why?', 'https://www.reddit.com/r/CryptoCurrency/comments/10twjh8/simple_market_cycle_analysis_where_are_we_in_the/', '10twjh8', [['u/Professional-Time-50', 21, '2023-02-05 04:48', 'https://www.reddit.com/r/CryptoCurrency/comments/10twjh8/simple_market_cycle_analysis_where_are_we_in_the/j79pc1p/', 'Its hard for me to believe we have already gone thorough the capitulation phase based on the positivity that was always present, volumes that never really slow down to nothing and the incredibly short period of side price movement. Coincidently enough perceived last leg of the bear market from 2018 happened also in Nov as did the bankruptcy and collapse of FTX in 2022. It took the market in 2018 over six months till Apr 2019 before it saw an...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['More than half of the institutional traders surveyed by global financial services giant JP Morgan said that artificial intelligence and machine learning will be the most influential technology in shaping the future of trading over the next three years—cited four times more often than blockchain and distributed ledger technology.\nJP Morgan\'s e-Trading Edit report is now in itsseventh year, the latest report drawn from a January survey of 835 institutional traders in 60 global markets. The annual assessment of trader sentiment spans several asset classes and is intended to reveal "upcoming trends and the most hotly debated topics."\nThe tumultuous bear market in crypto—coupled with the recent consumer and commercial hype over accessible AI technology like ChatGPT—seems to have shifted the outlook of financial industry professionals. Last year, blockchain and distributed ledger technology tied for second with AI and machine learning with 25 percent of respondents declaring them key to the future. Mobile trading applications came in first, with 29 percent.\nNow, AI dwarfs every other major category of technology, its 53% citation rate far and away ahead of API integration (14%) and blockchain (12%). The top 2022 technology, mobile apps, fell to 7%, along with quantum computing and natural language processing.\nWhy Is Crypto Twitter Obsessed with ChatGPT?\nTackling crypto specifically, JP Morgan found that 72% of traders "have no plans to trade crypto [or] digital coins," with 14% predicting they plan to trade within five years.\nEven so, respondents clearly felt that other players were bullish on the space.\n"Crypto and digital coins, commodities, and credit are predicted to have the biggest increases in electronic trading volumes over the next year," the report notes, with participants predicting 64 percent of their activity will be in the crypto space by 2024.\nWhile the survey found traders were unanimous in their belief that electronic trading will continue to grow, they also expected rough weather ahead. When asked which potential developments will have the greatest impact on the markets in 2023, the top answers were recession risk (30%), inflation (26%), and geopolitical conflict (19%).\nThe e-Trading Edit report is only the latest of several studies and reports that JP Morgan has released in the past month relating to cryptocurrency and digital assets. Last week, the firm predicted "significant challenges" for Bitcoin and Ethereum and noted that Solana, Terra, and tokens were gaining traction in the world of decentralized finance (DeFi) and non-fungible tokens (NFTs).\nJP Morgan also looked at theprospectsfor leading crypto exchange Coinbase last month, saying the upcoming Shanghai update for Ethereum "could usher in a new era of staking" for the firm.', 'More than half of the institutional traders surveyed by global financial services giant JP Morgan said that artificial intelligence and machine learning will be the most influential technology in shaping the future of trading over the next three years—cited four times more often than blockchain and distributed ledger technology. JP Morgan\'s e-Trading Edit report is now in its seventh year , the latest report drawn from a January survey of 835 institutional traders in 60 global markets. The annual assessment of trader sentiment spans several asset classes and is intended to reveal "upcoming trends and the most hotly debated topics." The tumultuous bear market in crypto—coupled with the recent consumer and commercial hype over accessible AI technology like ChatGPT—seems to have shifted the outlook of financial industry professionals. Last year, blockchain and distributed ledger technology tied for second with AI and machine learning with 25 percent of respondents declaring them key to the future. Mobile trading applications came in first, with 29 percent. Now, AI dwarfs every other major category of technology, its 53% citation rate far and away ahead of API integration (14%) and blockchain (12%). The top 2022 technology, mobile apps, fell to 7%, along with quantum computing and natural language processing. Why Is Crypto Twitter Obsessed with ChatGPT? Tackling crypto specifically, JP Morgan found that 72% of traders "have no plans to trade crypto [or] digital coins," with 14% predicting they plan to trade within five years. Even so, respondents clearly felt that other players were bullish on the space. "Crypto and digital coins, commodities, and credit are predicted to have the biggest increases in electronic trading volumes over the next year," the report notes, with participants predicting 64 percent of their activity will be in the crypto space by 2024. While the survey found traders were unanimous in their belief that electronic trading will continue to grow, they also expected rough weather ahead. When asked which potential developments will have the greatest impact on the markets in 2023, the top answers were recession risk (30%), inflation (26%), and geopolitical conflict (19%). Story continues The e-Trading Edit report is only the latest of several studies and reports that JP Morgan has released in the past month relating to cryptocurrency and digital assets. Last week, the firm predicted " significant challenges " for Bitcoin and Ethereum and noted that Solana, Terra, and tokens were gaining traction in the world of decentralized finance (DeFi) and non-fungible tokens (NFTs). JP Morgan also looked at the prospects for leading crypto exchange Coinbase last month, saying the upcoming Shanghai update for Ethereum "could usher in a new era of staking" for the firm.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin dipped below $23K earlier in the weekend and flattened on Sunday as investors await the next utterances from Federal Reserve Chairman Jerome Powell.\nInsights:If crypto continues to rebound, venture capital in blockchain projects is likely to rise. Will venture capitalists avoid their past investment mistakes in the blockchain space?\nCoinDesk Market Index (CMI)\n1,088\n−14.6▼1.3%\nBitcoin (BTC)\n$23,059\n−208.2▼0.9%\nEthereum (ETH)\n$1,639\n−21.7▼1.3%\nS&P 500\n4,136.48\n−43.3▼1.0%\nGold\n$1,880\n+16.7▲0.9%\nNikkei 225\n27,509.46\n+107.4▲0.4%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nCrypto Trades Flat as Investors Await Powell Speech, More Earnings\nBy Sam Reynolds\nMajor digital asset prices traded flat over the weekend, with bitcoin down 1.7% and ether in the red 2.3% over the weekend.\nAfter a mediocre start to earnings season, investors are thought to be looking ahead to Federal Reserve Chairman Jerome Powell’s speech before the Economic Club in Washington, D.C., scheduled for Tuesday afternoon, before making any big moves.\nFactSet data shows that less than 1% of the companies in the S&P 500 reported earnings that were above estimates. This is below the five-year average of 8.6%, and the 10-year average of 6.4%.\n"As a result, the earnings decline for the fourth quarter is larger today compared to the end of last week and compared to the end of the quarter," FactSet\'s senior earnings analyst John Butterswrote in a Friday market update. "If the index reports an actual decline in earnings for Q4 2022, it will mark the first year-over-year decline in earnings reported by the index since Q3 2020.”\nSpeaking late last week on CoinDesk TV, David Siemer, CEO of accounting software provider Wave Financial, said that the market is giving mixed signals – strong job numbers, but mediocre earnings results – and he still expects a recession this year, albeit a weak one.\n“I am a little more optimistic that it won\'t be quite as severe a recession as in a great recession or major, major recession,” he said, pointing to the resilience of consumers. “The fact that the Fed\'s actions are having such a slow effect doesn\'t mean cumulatively they won\'t eventually have a major effect. We\'re probably still a quarter or two away from seeing what the Fed\'s actions have really actually done to the economy.”\nAnd what does this mean to crypto prices, looking forward? Joe DiPasquale, CEO of crypto fund manager BiBull Capital, wrote in a note to CoinDesk that crypto markets are “optimistic” after a modest rate increase and bitcoin will “oscillate around the $20K support level for the next few months, barring other unforeseen events and market action.”\nMeanwhile, the U.S. Dollar Index (DXY) is opening the Asia trading week at 103.12, staying in what many analysts call a “defensive” position. The measure of the world’s largest fiat asset spent most of last year surging, hitting stock and crypto prices hard. Year-to-date it’s down 1.4%.\n[{"Asset": "Cardano", "Ticker": "ADA", "Returns": "+1.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+1.1%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22125.0%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22124.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22124.2%", "DACS Sector": "Entertainment"}]\nCan Crypto VCs Avoid the Mistakes of Last Year?\nBy Sam Reynolds\nThe last quarter of 2021 was the end of an unprecedented bull market that began the year before with COVID-included macroeconomic policy and finished with the Fed raising rates in 2022, and with a trio of collapses, most notably crypto exchange FTX and its trading arm Alameda Research. Venture capitalists enjoyed the ride on the way up, but certainly felt the pain on the way down in 2022 as cascading failures knocked the wind out of their portfolios.\nFor the industry, the trillion-dollar question will be: Did VCs learn anything, and can they avoid repeating the mistakes of last year that severely dented their profits. VCs invested
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-02-06
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $444,017,409,712
- Hash Rate: 289509602.11744976
- Transaction Count: 301977.0
- Unique Addresses: 663760.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.56
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Wall Street was pretty upbeat with the S&P 500 (up 2.67%), the Dow Jones (up 2.0%), the Nasdaq (up 4.8%) and the Russell 2000 (up 5.3%) offering superb returns last week. The S&P 500 and the Nasdaq logged their best week since November, per CNBC. The 10-year U.S. treasury yield started the week at 3.53%, hit a high of 3.61% and ended at 3.49%. The decline in the U.S. treasury yield triggered the stock market rally. The consumer price index dipped 0.1% in December after gaining 0.1% in November. It rose 6.5% year over year in December, down from a 7.1% year-over-year increase in November and a recent peak of 9.1% in June. The annual inflation growth was the smallest rise since October 2021. The data has put the Federal Reserve on track to again slow the pace of interest-rate hikes. The latest job data showed a deceleration in wage growth, which gave investors hope that the Fed could ease off on its interest-rate increases, resulting in a boost to the equity market. There are 75.7% chances of 25 bps rate hike in the next Fed meeting. Current target rate is 425 – 450 bps. Against this backdrop, below we highlight a few inverse/leveraged ETFs of the last week. ETFs in Focus GraniteShares 1.5x Long Coinbase Daily ETF CONL – Up 81% Past Week Bitcoin surged last week amid optimism that it may have bottomed. Talks that inflation has peaked and will exhibit a downtrend in 2023 are doing rounds. This has bolstered the risk-on trade sentiments and favored the beaten-down asset cryptocurrency. Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares EVAV – Up 35.5% The underlying Indxx U.S. Electric and Autonomous Vehicles Index track the performance of electric and autonomous vehicles companies. The index is heavy on stocks like Tesla, Nio and Lucid. All these staged a huge rally last week with Lucid gaining 20% while Nio adding about 10%. The return of risk-on sentiments and the opening of the Chinese economy probably have led to the rally in electric vehicle stocks and ETFs. Story continues MicroSectors Travel 3x Leveraged ETN FLYU – Up 33.9% The MicroSectors Travel 3x Leveraged ETN is linked to three-times leveraged participation in the performance of the MerQube MicroSectors U.S. Travel Index, compounded daily, minus the applicable fees. The index is a total return index that tracks the stock prices of U.S. domiciled and listed securities that are materially engaged in specified segments of the travel industry. The reopening of China’s economy probably has led to the gains in travel shares. AXS 2X Innovation ETF TARK – Up 30.7% The tech and the other growth sectors, which were the biggest victims of surging yields last year, is the outperformers now. This is especially true as inflation has been easing and consumer confidence is rising. The latest job data showed a deceleration in wage growth, which gave investors hope that the Fed could ease off on its interest-rate increases, resulting in a boost to tech shares (read: 5 Stocks Powering Nasdaq ETF to Start 2023). MicroSectors FANG+ Index 3X Leveraged ETN FNGU – Up 27.1% As rates dived last week, growth stocks gained. FANG stocks were heavily beaten-down last year but bucked the losing trend to start 2023 as these perform better in a low-rate environment. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report MicroSectors FANG Index 3X Leveraged ETN (FNGU): ETF Research Reports AXS 2X Innovation ETF (TARK): ETF Research Reports MicroSectors Travel 3X Leveraged ETNs (FLYU): ETF Research Reports GraniteShares 1.5x Long COIN Daily ETF (CONL): ETF Research Reports Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research...
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Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['One of the best ways to make money in 2023 is by picking up red-hot bargain stocks in some of the hottest industries. Look at lithium stocks , like Albemarle (NYSE: ALB ), for example. After a disgusting year, the stock exploded from about $210 to $287 in recent weeks. All thanks to earnings, and the fact the supply-demand story isn’t going away. In fact, it’s only going to get worse, with global leaders demanding millions of electric vehicles. Or, look at Tesla (NASDAQ: TSLA ). It was crushed last year. However, with deliveries and earnings improving, it’s just starting to show big signs of life in the bargain bin. Over the last few weeks, TSLA ran from about $100 to $190. We’re seeing similar bargains with dozens of other green-related stocks, artificial intelligence, technology, you name it… Better, after one of the roughest years on record, there are plenty of bargain stocks to be found. Here are three. LAC Lithium Americas $24.32 PFE Pfizer $44.06 MARA Marathon Digital $7.07 InvestorPlace - Stock Market News, Stock Advice & Trading Tips Lithium Americas (LAC) smartphone with logo of Canadian company Lithium Americas Corp on screen Source: Wirestock Creators / Shutterstock.com I’ve mentioned Lithium Americas (NYSE: LAC ) many times. That’s because I believe it could be an Albemarle-type giant. For one, the pullback in LAC appears largely overdone. Two, the electric vehicle boom, coupled with supply-demand issues should keep lithium prices elevated. Three, the company has two high-quality assets, including its U.S. Thacker Pass mine, where the company expects to see an average EBITDA of $520 million. Lithium Americas also holds a 44.8% stake in an Argentinian asset, Cauchari-Olaroz, where the company expects to see an annual EBITDA of $308 million. Wanting to unlock even more value, Lithium Americas recently announced a split into two separate entities. That would include an Argentina-focused lithium company owning Lithium Americas’ current interest in its Argentine lithium assets, including the near-production Caucharí-Olaroz lithium brine project in Jujuy, Argentina; and a North America-focused lithium company owning the Thacker Pass lithium project in Humboldt County, Nevada, and the Company’s North American investments. Story continues Pfizer (PFE) medicine research, pharmaceutical background, LJPC stock Source: Sisacorn / Shutterstock.com Pfizer (NYSE: PFE ) is another one of the top bargain stocks to consider. At the moment, PFE is sitting at support dating back to late 2022. It’s also wildly oversold on RSI, MACD, and Williams’ %R. And from a current price of $44.06, I believe it could easily run back to $54. For one, there’s the longstanding COVID-19 vaccine story. It’s not going away – at least not anytime soon. Two, at 10x forward earnings, with a yield of 3.73%, PFE is a bargain. Three, analysts are bullish on the stock. With a buy rating, and a $75 price target, Cantor Fitzgerald for example says the pipeline could surprise. Four, according to Pfizer CEO Albert Bourla , the company is preparing to launch several new products over the next 18 months. It’s also looking to go into China’s private market shortly.\xa0In addition, as noted by Barron’s, Pfizer “really wants to shift the discussion away from Covid and to the rest of its business. It projects that non-Covid revenue will rise 6% annually through 2025 and then increase at 6% or better each year through 2030, to at least $70 billion.” Marathon Digital (MARA) Concept art of crypto mining with little figuring and a Bitcoin token. Source: Shutterstock Marathon Digital (NASDAQ: MARA ) is one of the riskier ideas on this list. All because of its dependence on the price of Bitcoin ( BTC-USD ). If BTC can push higher, mining stocks, like Marathon Digital are sure to follow. And that’s because MARA revenue is tied to the value of BTC. The more valuable BTC becomes, the better the mining stocks will do. MARA, for example, just announced it produced 475 BTC in Dec. and a total of 1,562 BTC in Q4 2022. It also produced 4,144 BTC in 2022, a 30% year-over-year jump. As the value of BTC increases, so does the value of MARA’s mined coins. Also, as noted by Investorplace contributor Chris Markoch , “The hash rate (which is a metric used to measure the market value of mining or computer power will only increase as the number of Bitcoin to be mined dwindles. And with most analysts saying that it will take until approximately 2040 for the last of the current two million remaining Bitcoin to be mined, MARA stock looks like a winner for the next decade.” On the date of publication, Ian Cooper\xa0did not have (either directly or indirectly) any positions in the securities mentioned.\xa0The opinions expressed in this article are those of the writer, subject to the\xa0InvestorPlace.com Publishing Guidelines . Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today It doesn’t matter if you have $500 or $5 million. Do this now. Massive Bear Market “Divergence Event” Ahead… And The #1 Way to Play It The post 3 Bargain Stocks to Snap Up Before the Crowd Gets Wise appeared first on InvestorPlace .', 'One of the best ways to make money in 2023 is by picking up red-hot bargain stocks in some of the hottest industries. Look atlithium stocks, likeAlbemarle(NYSE:ALB), for example. After a disgusting year, the stock exploded from about $210 to $287 in recent weeks. All thanks to earnings, and the fact the supply-demand story isn’t going away. In fact, it’s only going to get worse, with global leaders demanding millions of electric vehicles.\nOr, look atTesla(NASDAQ:TSLA). It was crushed last year. However, with deliveries and earnings improving, it’s just starting to show big signs of life in the bargain bin. Over the last few weeks, TSLA ran from about $100 to $190. We’re seeing similar bargains with dozens of other green-related stocks, artificial intelligence, technology, you name it… Better, after one of the roughest years on record, there are plenty of bargain stocks to be found. Here are three.\n[{"LAC": "PFE", "Lithium Americas": "Pfizer", "$24.32": "$44.06"}, {"LAC": "MARA", "Lithium Americas": "Marathon Digital", "$24.32": "$7.07"}]\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nSource: Wirestock Creators / Shutterstock.com\nI’ve mentionedLithium Americas(NYSE:LAC) many times. That’s because I believe it could be an Albemarle-type giant. For one, the pullback in LAC appears largely overdone. Two, the electric vehicle boom, coupled with supply-demand issues should keep lithium prices elevated.\nThree, the company has two high-quality assets, including its U.S. Thacker Pass mine, where the company expects to see an average EBITDA of $520 million. Lithium Americas also holds a 44.8% stake in an Argentinian asset, Cauchari-Olaroz, where the company expects to see an annual EBITDA of $308 million.\nWanting to unlock even more value, Lithium Americas recently announced a split into two separate entities. That would include an Argentina-focused lithium company owning Lithium Americas’ current interest in its Argentine lithium assets, including the near-production Caucharí-Olaroz lithium brine project in Jujuy, Argentina; and a North America-focused lithium company owning the Thacker Pass lithium project in Humboldt County, Nevada, and the Company’s North American investments.\nSource: Sisacorn / Shutterstock.com\nPfizer(NYSE:PFE) is another one of the top bargain stocks to consider. At the moment, PFE is sitting at support dating back to late 2022. It’s also wildly oversold on RSI, MACD, and Williams’ %R. And from a current price of $44.06, I believe it could easily run back to $54. For one, there’s the longstanding COVID-19 vaccine story. It’s not going away – at least not anytime soon. Two, at 10x forward earnings, with a yield of 3.73%, PFE is a bargain. Three, analysts are bullish on the stock. With a buy rating, and a $75 price target, Cantor Fitzgerald for example says the pipeline could surprise.\nFour, according toPfizer CEO Albert Bourla, the company is preparing to launch several new products over the next 18 months. It’s also looking to go into China’s private market shortly.\xa0In addition, as noted by Barron’s, Pfizer “really wants to shift the discussion away from Covid and to the rest of its business. It projects that non-Covid revenue will rise 6% annually through 2025 and then increase at 6% or better each year through 2030, to at least $70 billion.”\nSource: Shutterstock\nMarathon Digital(NASDAQ:MARA) is one of the riskier ideas on this list. All because of its dependence on the price ofBitcoin(BTC-USD). If BTC can push higher, mining stocks, like Marathon Digital are sure to follow. And that’s because MARA revenue is tied to the value of BTC. The more valuable BTC becomes, the better the mining stocks will do.\nMARA, for example, just announced it produced 475 BTC in Dec. and a total of 1,562 BTC in Q4 2022. It also produced 4,144 BTC in 2022, a 30% year-over-year jump. As the value of BTC increases, so does the value of MARA’s mined coins.\nAlso, as noted byInvestorplace contributor Chris Markoch, “The hash rate (which is a metric used to measure the market value of mining or computer power will only increase as the number of Bitcoin to be mined dwindles. And with most analysts saying that it will take until approximately 2040 for the last of the current two million remaining Bitcoin to be mined, MARA stock looks like a winner for the next decade.”\nOn the date of publication, Ian Cooper\xa0did not have (either directly or indirectly) any positions in the securities mentioned.\xa0The opinions expressed in this article are those of the writer, subject to the\xa0InvestorPlace.comPublishing Guidelines.\nIan Cooper, a contributor to InvestorPlace.com,
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-02-07
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $441,740,306,025
- Hash Rate: 277772726.3559315
- Transaction Count: 300429.0
- Unique Addresses: 688379.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.54
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Cathie Wood has become the poster person for growth stocks. During 2020 and 2021, growth stocks were on top of the finance world. In 2022, it has been a completely different story, as growth stocks have been crushed. Still, many investors want to know the best Cathie Wood stocks to buy. Despite the terrible price action of growth stocks in 2022, there are some quality companies in this group. That doesnt mean theyve hit their lows or that the first quarter or the first half of 2023 will be much better than 2022. However, eventually the market will go from bearish to bullish, and the Fed will transform from hawkish to dovish. When that happens, many of todays terrible growth stocks will be tomorrows new leaders. InvestorPlace - Stock Market News, Stock Advice & Trading Tips So what are a few of the best Cathie Wood stocks to keep an eye on? Lets look at three of them now. Ticker Company Current Price ZM Zoom Video $66.50 TSLA Tesla $128.20 U Unity Software $27.50 Best Cathie Wood Stocks: Zoom Video (ZM) Zoom (ZM) logo on a building Source: Michael Vi / Shutterstock.com Im trying to stick with Cathie Woods top ten holdings across her Ark funds and weighing in at No. 1 is Zoom Video (NASDAQ: ZM ). Now down 88% from its all-time high, Zoom Video has been taken to the woodshed. Much like Cathie Wood became the face of growth stocks, Zoom Video became the face of pandemic stocks. Consequently, I wouldnt be surprised if the stock falls further. Thats especially true given the jobs recession were seeing in tech and the potential recession that the global economy faces. Plus, the $60 level has been key for ZM stock, and the shares are still about $6 above that mark. That said, were talking about a firm thats profitable and generated more than $1.1 billion of free cash flow over the last 12 months. Further, the shares trade at just 17.5 times analysts 2022 mean earnings estimate. On the downside, while analysts do expect mild revenue growth this year and next year, they anticipate a mild earnings decline in both years as well. At a lower price such as $60 Zoom Video may be worth buying. Story continues Best Cathie Wood Stocks: Tesla (TSLA) Tesla Motors (TSLA) now an SP500 company with a busy Pond Springs location in northwest Austin, TX Source: Roschetzky Photography / Shutterstock.com You cant read about the stock market right now without reading about Tesla (NASDAQ: TSLA ). Some observers say that the sharp retreat of Tesla stock is due to the automakers CEO, Elon Musk, taking over Twitter and filling in as its acting CEO. Others argue that simple bear-market mechanics are at play. But both factors can be at play. There are worries that demand is slowing for its EVs in China, while Musk is trying to head several companies at once and the economy is slipping into a recession And simultaneously, risk-free assets (like U.S. Treasury bonds) are becoming more attractive for investors. All of these factors may help explain why Tesla hit new 52-week lows in eight straight sessions recently. That said, for long-term buyers, it may be worthwhile to take a closer look at the name. First, the shares of Tesla are trading at their lowest price-earnings ratio ever, changing hands for about 27 times this years earnings. Analysts, on average, still expect the automaker to deliver more than 50% revenue growth this year and almost 40% growth next year. On the earnings front, the mean estimates stand at 79% growth this year and 35% growth next year. However, these are just estimates and as I acknowledged, stocks are in a bear market. But given the decline of Teslas shares, the stock is beginning to look undervalued based on its long-term outlook. Unity Software (U) In this photo illustration Unity Software Inc. (U stock) logo is seen on a mobile phone and a computer screen. Source: viewimage / Shutterstock.com Im not sure if Unity Software (NYSE: U ) will retest its low near $21, but if does, U may be worth a close look. Thats particularly true if analysts estimates dont get revised lower. Unity stands out to me because of its impressive growth. Analysts, on average, expect a 23.5% revenue gain this year, but more than 60% growth next year. While Unity expects to report a slight loss this year, analysts estimates call for a swing to profitability in 2023. Unity is a relatively young company as it went public just over two years ago. So during a bear market, its shares could face increased selling pressure. That said, this type of growth shouldnt be overlooked. When the company reported earnings in November, it delivered better-than-expected guidance for next quarter and the full year. That may not matter lift U stock in the next quarter or in the next several quarters but it will maa difference eventually. On the date of publication, Bret Kenwell did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell . More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today Early Bitcoin Millionaire Reveals His Next Big Crypto Trade On Air It doesnt matter if you have $500 or $5 million. Do this now. The post The 3 Best Cathie Wood Stocks to Buy Now appeared first on InvestorPlace ....
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Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['A group of senators is joining together to form a caucus devoted to working out issues related to the Colorado River. Meanwhile, BP is scaling back its 2030 climate goal, while the EU is considering a ban on \x93forever chemicals.\x94 This is Energy & Environment , your source for the latest news focused on energy, the environment and beyond. For The Hill, we\x92re Rachel Frazin and Zack Budryk. Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and policy. Direct to your inbox. Sign up for the Energy and Environment newsletter Bipartisan lawmakers join over Western water issues As Colorado River basin states struggle to come to an agreement over proposed cutbacks to water consumption, a bipartisan group of U.S. lawmakers is pushing to evaluate the issue. An informal group launched by Sen. John Hickenlooper (D-Colo.) has now expanded to include senators representing the seven Colorado River basin states: California, Arizona, Nevada, New Mexico, Utah, Colorado and Wyoming. Details about the caucus were first reported by CNN on Tuesday but later confirmed to The Hill by a spokesperson for Hickenlooper. The Colorado senator expressed support for a partnership between the Senate and the states, telling CNN that \x93there might be additional resources that are needed to really solve this.\x94 While talks have just begun, some senators are looking at how they might harness additional financing for water users who could soon face significant reductions. Another key goal of the new Senate caucus involves helping alleviate tensions between California and the other Colorado River states. Read more here, from The Hill\x92s Sharon Udasin. BP cuts back 2030 climate target Oil giant BP is scaling back its plans to cut emissions by reducing its oil and gas production by 2030, the company said Tuesday. In announcing 2022 profit of nearly $27.7 billion,\xa0the company said it would now try to reduce the emissions from its products by 20 to 30 percent by 2030. Story continues That\x92s less ambitious than a goal set by the company in 2020 to slash the emissions of its products by 35 to 40\xa0percent by the end of the decade. The company also said it plans to grow its oil and gas production for at least a few more years \x97 to 2025. Emissions from the burning of fossil fuels, including oil and gas as well as coal, are the main drivers of climate change. BP still says it plans to reach net-zero emissions from its products by 2050. Asked about the move to scale back the 2030 goal, a BP spokesperson pointed to the fact that the company is also increasing its investment in biofuel, renewable energy, hydrogen energy and electric vehicle charging. Read more about the target here. EU EYES PFAS BAN The European Union is proposing a ban on the use of a group of common toxic chemicals known as PFAS. Types of PFAS, or per- and polyfluoroalkyl substances, have been linked to a range of illnesses including kidney and testicular cancer, as well as thyroid and immune system problems. They are sometimes called \x93forever chemicals\x94 because they can linger in the human body and the environment. They are used in a variety of waterproof and nonstick products including pans, raincoats and cosmetics. The EU\x92s proposal would take effect 18 months after its passage, but would take longer for some products. There would also be an unlimited time exception for some \x93exceptional cases.\x94 Despite the exceptions, the EU\x92s proposal goes beyond actions taken by the U.S., which doesn\x92t have federal limits on the products. The state of Maine has approved a ban on PFAS products that will take effect in 2030. Read more about the EU proposal here. Climate change contributing to spread of \x91superbugs\x92 Climate change is heightening the risk posed by antibiotic-resistant viruses, according to research published Tuesday by the United Nations Environment Program. The report found so-called superbugs have been exacerbated by climate change due to increased bacterial growth caused by warmer temperatures and pollutants that have increased the spread of antibiotic-resistance genes. The analysis notes that overuse of antimicrobials and pollutants can spread resistance, while contact with resistant microorganisms can create resistance in bacteria already present in air, water and soil. Pollution associated with wastewater, particularly from hospitals, is a major factor, as well as runoff from pharmaceutical production and agriculture, according to the report. The risk is particularly great for historically polluted waterways, which are more likely to provide shelter for microorganisms that foster antibiotic resistance. A combination of increased pollution and decreased resources for pollutant management has made the problem worse in combination with resistance in health care and agriculture settings. Read more about the research here. ON TAP TONIGHT President Biden will deliver his State of the Union Address. ON TAP TOMORROW The House Natural Resources Committee will hold a hearing titled \x93Unleashing America\x92s Energy and Mineral Potential\x94 The House Transportation and Infrastructure Committee will hold a hearing on impacts of the Waters of the United States rule WHAT WE\x92RE READING Heat pumps are defying Maine\x92s winters and oil industry pushback ( The Washington Post ) Biden administration acknowledges it can force Bitcoin mines to disclose pollution ( The Verge ) An \x91inland tsunami\x92: 15 million people are at risk from catastrophic glacial lake outbursts, researchers find ( CNN ) The U.N. Secretary-General\x92s Searing Message for the Fossil-Fuel Industry ( The New Yorker ) Cold Snap Pushed New England to Burn More Diesel for Power ( The Wall Street Journal ) ICYMI California oil drilling restrictions make ballot initiative after lobbying Newsom calls for federal probe into soaring natural gas prices That\x92s it for today, thanks for reading. Check out The Hill\x92s Energy & Environment page for the latest news and coverage. We\x92ll see you tomorrow. For the latest news, weather, sports, and streaming video, head to The Hill.', 'A group of senators is joining together to form a caucus devoted to working out issues related to the Colorado River. Meanwhile, BP is scaling back its 2030 climate goal, while the EU is considering a ban on \x93forever chemicals.\x94 This is Energy & Environment , your source for the latest news focused on energy, the environment and beyond. For The Hill, we\x92re Rachel Frazin and Zack Budryk. Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and policy. Direct to your inbox. Sign up for the Energy and Environment newsletter Bipartisan lawmakers join over Western water issues As Colorado River basin states struggle to come to an agreement over proposed cutbacks to water consumption, a bipartisan group of U.S. lawmakers is pushing to evaluate the issue. An informal group launched by Sen. John Hickenlooper (D-Colo.) has now expanded to include senators representing the seven Colorado River basin states: California, Arizona, Nevada, New Mexico, Utah, Colorado and Wyoming. Details about the caucus were first reported by CNN on Tuesday but later confirmed to The Hill by a spokesperson for Hickenlooper. The Colorado senator expressed support for a partnership between the Senate and the states, telling CNN that \x93there might be additional resources that are needed to really solve this.\x94 While talks have just begun, some senators are looking at how they might harness additional financing for water users who could soon face significant reductions. Another key goal of the new Senate caucus involves helping alleviate tensions between California and the other Colorado River states. Read more here, from The Hill\x92s Sharon Udasin. BP cuts back 2030 climate target Oil giant BP is scaling back its plans to cut emissions by reducing its oil and gas production by 2030, the company said Tuesday. In announcing 2022 profit of nearly $27.7 billion,\xa0the company said it would now try to reduce the emissions from its products by 20 to 30 percent by 2030. Story continues That\x92s less ambitious than a goal set by the company in 2020 to slash the emissions of its products by 35 to 40\xa0percent by the end of the decade. The company also said it plans to grow its oil and gas production for at least a few more years \x97 to 2025. Emissions from the burning of fossil fuels, including oil and gas as well as coal, are the main drivers of climate change. BP still says it plans to reach net-zero emissions from its products by 2050. Asked about the move to scale back the 2030 goal, a BP spokesperson pointed to the fact that the company is also increasing its investment in biofuel, renewable energy, hydrogen energy and electric vehicle charging. Read more about the target here. EU EYES PFAS BAN The European Union is proposing a ban on the use of a group of common toxic chemicals known as PFAS. Types of PFAS, or per- and polyfluoroalkyl substances, have been linked to a range of illnesses including kidney and testicular cancer, as well as thyroid and immune system problems. They are sometimes called \x93forever chemicals\x94 because they can linger in the human body and the environment. They are used in a variety of waterproof and nonstick products including pans, raincoats and cosmetics. The EU\x92s proposal would take effect 18 months after its passage, but would take longer for some products. There would also be an unlimited time exception for some \x93exceptional cases.\x94 Despite the exceptions, the EU\x92s proposal goes beyond actions taken by the U.S., which doesn\x92t have federal limits on the products. The state of Maine has approved a ban on PFAS products that will take effect in 2030. Read more about the EU proposal here. Climate change contributing to spread of \x91superbugs\x92 Climate change is heightening the risk posed by antibiot
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-02-08
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $446,501,842,638
- Hash Rate: 269948142.5149194
- Transaction Count: 316963.0
- Unique Addresses: 682912.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.58
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: The Bitcoin mining difficulty level jumped 10.26% on Monday morning in Hong Kong, hitting an all-time high reading of 37.59 trillion, as several U.S-based miners came back online from recent winter storms that forced them to unplug, according todata from BTC.com.
See related article:Bitcoin hashrate drops nearly 40% as deadly U.S. storm unplugs miners
• Bitcoin’s difficulty reading this time last year was at 26.64 trillion, almost 30% lower than the latest adjustment. Bitcoin’s value at that time was more than double its price today.
• Bitcoin was up 2.1% to US$21,146 in the 24 hours to 1 p.m. in Hong Kong on Monday.
• Bitcoin mining difficulty started to fall in late December asminers across the U.S.were forced to shut down their operations due to deadly blizzards that claimed thelives of at least 60 people.
• Bitcoin mining difficulty, which determines how much computing power is required to verify blocks on the blockchain, changes roughly every two weeks.
• The rising mining difficulty and low Bitcoin prices have damaged the profitability of mining businesses. U.S.-based minersCompute North Holdings Inc.andCore Scientific Inc.both filed for bankruptcy late last year.
See related article:Bitcoin mining difficulty drops more than 7% as cash crunch hits miners...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
| |
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin spent another day near its most recent $23K support. LDO spikes.\nInsights:AI-related tokens have been surging for months amid rising institutional investment, writes CoinDesk editor Shaurya Malwa in an excerpt from a Feb. 8 news analysis. But some observers of the space are skeptical that their current ride higher can continue.\nCoinDesk Market Index (CMI)\n1,086\n−12.6▼1.1%\nBitcoin (BTC)\n$22,970\n−363.2▼1.6%\nEthereum (ETH)\n$1,655\n−31.7▼1.9%\nS&P 500\n4,117.86\n−46.1▼1.1%\nGold\n$1,886\n+8.3▲0.4%\nNikkei 225\n27,606.46\n−79.0▼0.3%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin Holds Firm Near $23K; LDO Jumps on Armstrong Tweet\nWhat did U.S. central bank Chair Jerome Powellmean in remarksTuesday at the Economic Club of Washington D.C.?\nCrypto investors and otherwise spent much of Wednesday weighing a repeat of Powell\'s utterances from a week ago that the "deflationary process" had started but that the Federal Reserve would remain vigilant about stamping out high inflation; and somewhat more hawkish remarks from three Federal Reserve governors, including John Williams, who suggested central bankers would consider more aggressive rate hikes if the inflation climate worsened.\nBitcoin digested the latest developments and held steady throughout the day around its current support just below $23,000. The largest cryptocurrency by market capitalization was recently trading at $22,970, down 1.6% over the past 24 hours. BTC\'s recent lull follows a January surge to remember.\n"Bitcoin’s strong start to the year appears to be over for now," Edward Moya, chief market analyst for foreign exchange market maker Oanda, wrote in an email. "After hitting some key technical resistance just above the $24,000 level, bitcoin is entering consolidation modes."\nMoya added that bitcoin could lose its current perch with "the next big move in bond yields."\n"Bond market volatility will be insane after the Valentine’s day inflation report, which might mean bitcoin could drift towards the $20,000 level if stocks get hammered over the next few sessions," he wrote.\nYields on two- and 10-year U.S. Treasurys both dropped slightly on Wednesday.\nMeanwhile, ether followed bitcoin\'s lead, holding its most recent support comfortably above $1,600, although it was recently down over 2% from Tuesday, same time. But as CoinDesk markets analyst Glenn WilliamsnotedWednesday in a column column, the second-largest crypto in market value had regained its correlation to BTC after lagging so far this year. Both cryptos are up about 38% since Jan. 1.\nOther major cryptos in market value were recently in the red, although Lido DAO\'s LDO token jumped 8% at one point, much of its gain coming late Wednesday (ET) after Coinbase CEO Brian Armstrongtweetedthat he\'d heard rumors the U.S. Securities and Exchange Commission (SEC)would like to banretail investors from engaging incryptocurrency staking, the income-generating technique at the core of running blockchains includingEthereum.\n"I hope that\'s not the case as I believe it would be a terrible path for the U.S. if that was allowed to happen," Armstrong wrote.\nEquity markets closed down with the tech-heavy Nasdaq and S&P 500, which has a hefty technology component dropping 1.1% and 1.7%, respectively, as markets also continued to mull over mixed, fourth-quarter earnings and jobs data recent that has been defiantly strong, suggesting Fed monetary policy hasn\'t been fully successful.\n"If the Valentine’s Day [Feb. 14] inflation report ends up being a hot one, traders might start believing the Fed’s hawkish pushback," Oanda\'s Moya wrote.\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+1.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "+0.1%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22126.4%", "DACS Sector": "Entertainment"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22125.1%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "\\u22124.8%", "DACS Sector": "Currency"}]\nWhat\'s With the AI Surge and Will It Last?\nIn a Feb. 8 analysis, CoinDesk editor Shaurya Malwa highlighted the huge gains of AI-related tokens, including the platforms of Alethea\'s artificial liquid intelligence (ALI),Fetch.ai\'s(FET) and SingularityNET (AGIX), which have surged as much as 220%. Malwa wrote that institutional interest has helped create a compelling argument for crypto traders to bet on AI-focused tokens as the next growth sector. But will the momentum last? Opinions vary as Malwa notes in anexcerpt from his story.\nAI broadly refers to the simulation of human intelligence in machines programmed to think and act like humans. Popular applications for this technology have so far been limited to chatbots, self-driving cars, optimizing search in online marketplaces and image-generation software – but futuristic use cases envisionwholly autonomous cities,cyborg humankindandinterstellar travel.\nMuch of the recent surge in AI tokens emerged after the public launch of chatbot ChatGPT and image generation software DALL-E in mid-2022. Both are traditional software that do not use cryptocurrencies or blockchain and were launched by OpenAI, which recentlyraised $10 billionfrom Microsoft at a $29 billion valuation.\nSuch institutional interest has helped create a compelling argument for crypto traders to bet on AI-focused tokens as the next growth sector.\n"The growth opportunity around the AI and Web3 space combines early interest, potential and hype,” states Ravindra Kumar, founder of crypto wallet Frontier. “While it\'s true that there may be some hype surrounding AI intervention in the crypto space, we are seeing the emergence of innovative and compelling use cases.’\nAditya Khanduri, head of marketing at Biconomy, takes a milder approach: “I believe that the current AI trend is still pretty speculative, leading to a jump for tokens like OCEAN, ALI, AGIX. Some of the tokens with more buzz and followings have pumped and it\'s less about the actual tech behind it.”\n“This is because the current AI tokens and Web3 projects may not yet know what these decentralized AI tools look like. There\'s a lot of unanswered challenges and lots to be figured out,” Khanduri told CoinDesk in a recent chat.\nThe likes of Khanduri say token-based usage while scaling AI software is a hard problem to solve.\n“Say an AI tool gets to 250 million users. Then what will its infra look like? How will people use it? How will the data be trained? Where does the token fit in? Can you even have a way to reward people for their data if you used it to train your models?” he said.\nMeanwhile, some market watchers remain cautious about the AI token hype.\n“Once the market starts livening up a bit, all sorts of new trends come out of the woodwork. And they are not all as solid as they might look,” financial market consultant Valentina Drofa told CoinDesk.\n“There is a risk that this whole ‘new trend’ is going to end up in an empty hype, as there are many speculators that would seek to make use of short-term price pumps,” Drofa added, referring to the recent multifold gains put up by some tokens.\n“The industry at large will end up dealing with the long-term fallout and another hit to its image. Such cycles are becoming rather tiresome and sad to observe again and again,” she stated.\n8:45 a.m. HKT/SGT(00:45 UTC)Bank of England Monetary Policy Report Hearings\n11:30 p.m. HKT/SGT(15:30 UTC)Reserve Bank of Australia Monetary Policy Statement\n12:30 a.m. HKT/SGT(16:30 UTC)China Consumer Price Index (YoY/Jan)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin, Ether Rise as Powell Talks ‘Disinflation’ Again; Crypto Donations for Turkey\nCrypto prices continued their cautious move upwards after Federal Reserve Chair Jerome Powell\'s comments on disinflation yesterday. Fidenza Macro blog author Geoffrey Chen shared his analysis. Plus, nonprofit organizations were leading an effort to raise millions of dollars in crypto to help victims of the major earthquake in Turkey. CoinDesk Türkiye Editor in Chief Serdar Turan weighed in. SPiCE VC managing partner and co-founder Tal Elyashiv and Kraken Head of Strategy Thomas Perfumo also joined the conversation.\nAI Token Search Traffic Spikes as Crypto Traders Seek Exposure:The trending AI tokens on CoinGecko showcase how artificial intelligence has a chokehold on the zeitgeist.\nMakerDAO Contributors Propose First Native Liquidity Market Focused on DAI Stablecoin:The proposed Spark Protocol will leverage MakerDAO’s DAI stablecoin and its crypto assets for liquidity, and would be based on lending protocol Aave’s upgraded smart contract system.\nCrypto Long & Short: Bitcoin\'s \'Golden Cross\' Explained:This much talked about technical indicator has value, yet doesn’t tell the whole story.\nRobinhood Board Authorizes Purchase of Shares Bought by FTX’s Sam Bankman-Fried, Gary Wang:The online brokerage firm is planning to buy most or all of the 55 million shares previously owned by holding company Emergent Fidelity Technologies.\nCraig Wright Loses Bitcoin Copyright Claim in UK Court:The self-proclaimed author of the Bitcoin white paper claims Bitcoin and Bitcoin Cash violate his intellectual property rights.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin spent another day near its most recent $23K support. LDO spikes.\nInsights:AI-related tokens have been surging for months amid rising institutional investment, writes CoinDesk editor Shaurya Malwa in an excerpt from a Feb. 8 news analysis. But some observers of the space are skeptical that their current ride higher
**Last 60 Days of Bitcoin's Closing Prices:**
[]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-09
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $437,513,121,600
- Hash Rate: 316895645.5609923
- Transaction Count: 369499.0
- Unique Addresses: 783722.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.55
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: This week in coins. Illustration by Mitchell Preffer for Decrypt. After briefly dipping last week , Bitcoin and Ethereum continued their steady 2023 growth with modest gains this week. All the while, however, several other leading cryptocurrencies posted sizable rallies. Bitcoin (BTC) added just over 1% to its value over the last seven days, currently trading just above $23,400. Bitcoin mining difficulty hit a new all-time high this week as miners continue to deploy more hardware to mine the largest cryptocurrency by market cap, despite the sector being hit by mounting energy prices and a recent spate of bankruptcies. The price of stock for Bitcoin-exposed cloud software company MicroStrategy has risen nearly 100% since the start of 2023 and rallied 12% over five days this week. MicroStrategy chairman Michael Saylor is a huge Bitcoin bull and has filled the company war chest with 132,500 BTC—worth over $3.1 billion today. Ethereum (ETH) rose 5% and currently trades at about $1,680, according to data from CoinGecko . The network on Wednesday tested the withdrawals feature of its much-anticipated upcoming Shanghai upgrade, which will finally enable validators to withdraw their earnings. Validators currently have to stake 32 ETH (almost $54,000 worth) to validate transactions and earn rewards. Both market leaders briefly dipped on Monday in anticipation of another round of interest rate hikes by the Federal Reserve. Last year, the U.S. central bank hiked interest rates by 75 basis points—the steepest hikes since 1994—four times in total, before rounding off the year with another hike of 50 basis points. Crypto prices swiftly rebounded on news of the latest hike, announced on Wednesday , which was only 25 basis points. The MATIC token of Ethereum scaling network Polygon rose almost 10% over the week to trade at $1.27 at the time of writing. More individual NFTs were sold on Polygon than Ethereum via leading marketplace OpenSea for the second consecutive month in January, according to analytics by Dune, amid a growing push for brands and Web3 gaming on the platform. OpenSea's Polygon NFT Sales Top Ethereum for Second Straight Month Other notable rallies among the top 30 cryptocurrencies by market capitalization include Ethereum Classic (ETC), which blew up 9% to about $24, Cosmos (ATOM) also rallied 9% to just under $15, Litecoin (LTC) rose 12% to about $99, and popular Ethereum-based meme token Shiba Inu (SHIB) surged 29% to $0.00001513 as of this writing. Render (RNDR), the token behind the blockchain-based distributed rendering solution Render Network, skyrocketed an eye-watering 95% this week after a new foundation was formed and DAO voters passed a new tokenomics model. Story continues Meanwhile, LEO Token (LEO) holders took heavy losses of over 11% this week. The official utility token of crypto exchange Bitfinex currently trades at $3.41. Finally, on the political side of things, the UK Treasury on Wednesday outlined a regulatory regime for crypto businesses in Britain. The proposal says that companies wishing to set up shop in the UK will need to obtain authorization from regulators. The Treasury also acknowledged a need to accommodate crypto’s “ unique features .” View comments...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
| |
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["BitKeep BitKeep is thrilled to announce the remarkable growth of Planet IX's transaction volume on the BitKeep NFT Market. NEW YORK CITY, NY, Feb. 09, 2023 (GLOBE NEWSWIRE) -- Built on the fast, secure, and scalable Polygon blockchain, Planet IX, a popular Play-to-Earn (P2E) game, has experienced a significant increase in transaction volume since partnering with BitKeep. This growth is a testament to Bitkeep's commitment to providing a seamless and secure trading experience for its users, making it the perfect home for P2E games and NFTs. As of 9 February 2023, Planet IX's monthly transaction volume was $840K, with 77% generated from the BitKeep NFT market. BitKeep is proud to reveal that Planet IX's 3-month transaction volume has surpassed 1 million MATIC and boasts a market share of 79%. Additionally, Planet IX achieved a historical high of $42.3K in single-day transaction volume earlier this week. Planet IX is undoubtedly a rising star in both BitKeep NFT Market and the Polygon NFT market. Planet IX’s NFT transaction volume on BitKeep NFT Market is greater than that of the closest competitors OKX and OpenSea, by a factor of 120x and 4x respectively. Discover the most seamless NFT trading experience with BitKeep NFT Market! With 320,000 NFTs listed for sale, more than 51,000 monthly active users, and a total trading volume of $31.6 million since its launch in March 2022, BitKeep NFT Market is one of the largest NFT trading platforms on the BNB Chain and holds the second place on Polygon. BitKeep's expedient and low-cost transactions, user-friendly interface, and commitment to security make it the preferred choice for P2E game developers and players alike. Being the first NFT marketplace to allow the purchase of NFTs on the platform with tokens from any partnered blockchain, BitKeep NFT Market also boasts a bulk transfer function for users to easily transfer multiple NFTs instantaneously, with support for bulk listing and purchasing in the future. Story continues Paving the way for blockchain gaming and P2E community growth The growth of Planet IX on BitKeep is a testament to the platform's value for the P2E community. It encourages other game developers to join BitKeep in building the future of decentralized gaming. BitKeep's support for Planet IX and other P2E games reflects the DeFi wallet company’s dedication to blockchain gaming. As BitKeep continues to gain popularity and expand its user base, the company is poised to become a leader in the rapidly growing market for decentralized gaming and collectibles. About BitKeep BitKeep is a decentralized multichain digital wallet that provides an all-in-one solution for a comprehensive portfolio of services, including an integrated NFT marketplace, wallet function, swap services, DApp browser, launchpad, and daily column, which features regular insights into promising decentralized finance projects. It offers reliable and secure asset management and trading services to more than 8 million users worldwide, covering 168 countries in North America, Europe, and Asia. It is the top-rated wallet on Google Play globally, surpassing even MetaMask. BitKeep currently supports over 250,000 types of cryptocurrencies across over 80 chains, including major ones such as Bitcoin, Ethereum, Polygon, BNB Chain, Fantom, and Solana. BitKeep strongly emphasizes user security, incorporating DESM encryption for storing users’ private keys to ensure an additional layer of protection to safeguard user funds. Follow BitKeep on Twitter to stay updated on the latest developments, and let BitKeep be your premier gateway into the Web3 space. CONTACT: Romeo Kuok BitKeep romeo at bitkeep.com", "BitKeep is thrilled to announce the remarkable growth of Planet IX's transaction volume on the BitKeep NFT Market.\nNEW YORK CITY, NY, Feb. 09, 2023 (GLOBE NEWSWIRE) -- Built on the fast, secure, and scalable Polygon blockchain, Planet IX, a popular Play-to-Earn (P2E) game, has experienced a significant increase in transaction volume since partnering with BitKeep. This growth is a testament toBitkeep'scommitment to providing a seamless and secure trading experience for its users, making it the perfect home for P2E games and NFTs.\nAs of 9 February 2023, Planet IX's monthly transaction volume was $840K, with 77% generated from the BitKeep NFT market.BitKeepis proud to reveal that Planet IX's 3-month transaction volume has surpassed 1 million MATIC and boasts a market share of 79%. Additionally, Planet IX achieved a historical high of $42.3K in single-day transaction volume earlier this week. Planet IX is undoubtedly a rising star in both BitKeep NFT Market and the Polygon NFT market.\nPlanet IX’s NFT transaction volume on BitKeep NFT Market is greater than that of the closest competitors OKX and OpenSea, by a factor of 120x and 4x respectively.\nDiscover the most seamless NFT trading experience with BitKeep NFT Market!\nWith 320,000 NFTs listed for sale, more than 51,000 monthly active users, and a total trading volume of $31.6 million since its launch in March 2022, BitKeep NFT Market is one of the largest NFT trading platforms on the BNB Chain and holds the second place on Polygon. BitKeep's expedient and low-cost transactions, user-friendly interface, and commitment to security make it the preferred choice for P2E game developers and players alike. Being the first NFT marketplace to allow the purchase of NFTs on the platform with tokens from any partnered blockchain, BitKeep NFT Market also boasts a bulk transfer function for users to easily transfer multiple NFTs instantaneously, with support for bulk listing and purchasing in the future.\nPaving the way for blockchain gaming and P2E community growth\nThe growth of Planet IX on BitKeep is a testament to the platform's value for the P2E community. It encourages other game developers to join BitKeep in building the future of decentralized gaming. BitKeep's support for Planet IX and other P2E games reflects the DeFi wallet company’s dedication to blockchain gaming. As BitKeep continues to gain popularity and expand its user base, the company is poised to become a leader in the rapidly growing market for decentralized gaming and collectibles.\nAbout BitKeep\nBitKeep is a decentralized multichain digital wallet that provides an all-in-one solution for a comprehensive portfolio of services, including an integrated NFT marketplace, wallet function, swap services, DApp browser, launchpad, and daily column, which features regular insights into promising decentralized finance projects. It offers reliable and secure asset management and trading services to more than 8 million users worldwide, covering 168 countries in North America, Europe, and Asia. It is the top-rated wallet on Google Play globally, surpassing even MetaMask. BitKeep currently supports over 250,000 types of cryptocurrencies across over 80 chains, including major ones such as Bitcoin, Ethereum, Polygon, BNB Chain, Fantom, and Solana.\nBitKeep strongly emphasizes user security, incorporating DESM encryption for storing users’ private keys to ensure an additional layer of protection to safeguard user funds.\nFollow BitKeep on Twitter to stay updated on the latest developments, and letBitKeepbe your premier gateway into the Web3 space.\nCONTACT: Romeo Kuok BitKeep romeo at bitkeep.com", "Buzz around Bitcoin-based NFTs —via the recently-launched Ordinals protocol—keeps growing by the day, with record-setting mints on Thursday and high-value sales over the past day . And one established Ethereum NFT collection is reaping the benefits of going multi-chain, seeing its prices surge after revealing Bitcoin -based counterparts. OnChain Monkey , a collection of 10,000 Ethereum NFT profile pictures (PFPs) minted in 2021, used Ordinals to “inscribe” all of its existing artwork on Bitcoin over the past day. Now the NFT holders on Ethereum can also say that their respective collectibles live on Bitcoin, as well. Prices for the Ethereum NFTs have almost tripled since the announcement, with the floor price—that is, the cheapest listed NFT on a marketplace—for the project jumping from 0.79 ETH at the start of the day (per NFT Price Floor ) to a peak of 1.75 ETH before settling to about 1.5 ETH (nearly $2,500) as of this writing. OnChainMonkey is the first 10K collection to be inscribed on Bitcoin via Ordinals! Own an ETH OCM Genesis = Owning a BTC OCM Genesis All on-chain on Bitcoin on Feb 8, 2023, and all on-chain on Ethereum on Sept 11, 2021! 🔥 🧵/8 pic.twitter.com/AMuUlERJZM — OnChainMonkey (@OnChainMonkey) February 9, 2023 According to data from CryptoSlam , the move has fueled a 12,200% increase in NFT trading volume for the Ethereum project over the past 24 hours compared to the previous span. The analytics platform reports about $1.1 million in sales over the past day for a project with lifetime secondary sales totaling almost $39 million. Metagood, the startup behind OnChain Monkey, said it put all 10,000 NFTs onto Bitcoin via the Ordinals protocol using a single transaction , much as it did for the original Ethereum collection back in 2021. Story continues The Hottest Bitcoin NFTs Right Now Are CryptoPunks Clones In a Twitter Spaces today, Metagood co-founder Danny Yang said that enabling trading was the next step for the team but suggested that other tooling needs to be created around Ordinals to facilitate that feature. He also noted that Metagood plans to build a bridge between Ethereum and Bitcoin to let NFT holders switch between the two versions. “They are the same on both chains,” an OnChain Monkey Discord moderator wrote earlier today. “Buy on ETH and you will have access to the BTC version when the tools catch up.” The project’s Discord server is filling up with users who claim to have purchased one of the Ethereum NFTs following the Bitcoin announcement and are asking for details on how it will work. OnChain Monkey is part of Metagood’s push to use Web3 initiatives to fund programs that bene
**Last 60 Days of Bitcoin's Closing Prices:**
[]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-10
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $420,847,716,112
- Hash Rate: 287553456.1571967
- Transaction Count: 300092.0
- Unique Addresses: 700869.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.48
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: The annual inflation rate in the United States slowed for five months in a row to 7.1% in November 2022, the lowest since December last year, and below forecasts of 7.3%. It followed a reading of 7.7% in October. Compared to the previous month, the CPI nudged up only 0.1%, the smallest rise in three months, and lower than forecasts of 0.3%. Energy cost rose 13.1% in November, below 17.6% in October, due to gasoline (10.1% versus 17.5%), fuel oil (65.7% versus 68.5%) and electricity (13.7% versus 14.1%). Food price inflation also cooled down (10.6% versus 10.9%) while prices of used cars and trucks dropped by 3.3% (after a 2% uptick in October). Against this backdrop, below, we highlight a few ETF areas that could gain/lose amid cooling U.S. inflation data. Winning ETF Areas Stocks U.S. stocks surged on softer U.S. inflation data as lower inflation data means a less hawkish Fed and a moderation in the central banks rate hike momentum. Stocks have suffered a lot in 2022 due to the Feds super-hawkish stance to tame sky-high inflation. Any cues of cooling inflation are thus great for stocks as it hints at lower rates. Since growth stocks perform better in a low-rate environment than value stocks, SPDR Portfolio S&P 500 Growth ETF SPYG should win. Gold Gold normally underperforms in a rising rate environment as it is a non-interest-bearing asset. With the Fed likely to turn less hawkish in 2023 and opt for slower rate hike momentum, a gold rally is possible from here. The U.S. dollar, too, is likely to fall. The U.S. dollar has lost 2% past month though it is still up 10% this year. Chances of smaller Fed rate hikes in the coming days cut the strength in the greenback. Invesco DB US Dollar Index Bullish Fund UUP is a likely underperformer. This is a positive for gold as the metal is priced in U.S. dollar. The metal shares an inverse relation with the greenback. SPDR Gold Shares GLD should thus be closely watched for gains. Story continues Bitcoin Bitcoin another risky investing area underperformed a lot in 2022. The cryptocurrency has gone into a tailspin this year, along with the broader market crash. Notably, bitcoin hit an all-time high of $67.5K in November 2021. However, news of the persistent decline in U.S. inflation data should favor bitcoin prices. The bitcoin marched toward the $18K-mark just after the release of November inflation data. Banks The yield curve is likely to steepen ahead as a potential risk-on rally should bolster the long-term U.S. treasury yields ahead while keeping the short-term yields lower (on cues of a less aggressive Fed). This scenario is great for banks and financial companies as this widens the net interest margin. SPDR S&P Regional Banking ETF KRE thus appears to be gaining on the latest inflation data. Real Estate The cost of shelter increased faster in November, having gained 7.1% versus 6.9% gains noticed in October. Vanguard Real Estate Index Fund VNQ should thus gain. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SPDR Gold Shares (GLD): ETF Research Reports Vanguard Real Estate ETF (VNQ): ETF Research Reports Invesco DB US Dollar Index Bullish ETF (UUP): ETF Research Reports SPDR S&P Regional Banking ETF (KRE): ETF Research Reports SPDR Portfolio S&P 500 Growth ETF (SPYG): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['The PayBito chief voiced his concern towards the role of key contributors maligning the existing monetary system with political influence, and calls for a change in practice. PALO ALTO, Calif. , Feb. 11, 2023 /PRNewswire-PRWeb/ -- The start of 2023 has investors and enterprises apprehensive in matters pertaining to the global economy. Institutions around the world reported heavy losses owing to fed rate hikes, inflation, supply chain disruptions, the European energy crisis and more. HashCash Consultants and PayBito CEO Raj Chowdhury highlighted the negative impact of institutional arbitrage, and proposes a conscious switch towards frameworks immune from human tampering. The act of arbitrage is controversial, with powerful global corporations often shifting decisions in their favor with the help of strong political influence. They hold considerable sway in yielding desirable outcomes and bypassing market, societal and environmental regulations, both directly and discretely. The HashCash chief identifies the fallacies present in the present monetary mechanism, stating , "The current monetary system is fraught with political influence and institutional arbitrage. This system created economic crises, financial exclusion and distributed more wealth to the wealthy. Let\'s put our faith in a mathematical framework free of human vice." The framework refers to cryptocurrencies like Bitcoin and its underlying blockchain technology. Rising as one of the most disruptive technologies of the present era with a seemingly endless scope of applications, blockchain has been adopted heavily by virtually all major players in the BFSI sector. The response has, however, not been the same for digital assets, with detractors citing recent exchange crashes, stablecoin fallouts as reasons for not banking upon crypto. On a side note, a majority of developing or already developed nations are either developing or conducting research on Central Bank Digital Currency(CBDC). The PayBito CEO has said earlier that regulation , not prohibition or heavy taxation is what\'s necessary for the crypto ecosystem. Story continues A recent World Economic Forum meet was held at Davos with the objective of reinforcing collaboration across a fragmented world. It has been found that several corporations transfer and conduct a notable portion of their most profitable value-addition activities offshore, including European financial centers, to avoid taxation, rules and responsibilities. Corporate arbitrage thus creates significant economic consequences, even for developing nations. Meanwhile, institutional arbitrages, while highly profitable, were also partially responsible for the 2008-09 global financial crisis, where institutional investors allocated capital in complex investment strategies and financial instruments. PayBito , a US-based crypto exchange developed and maintained by HashCash Consultants, has been a frontrunner in integrated crypto-forex technology, having deployed solutions in over 26 countries. The digital assets marketplace helmed by Chowdhury won global recognition as a top-provider of crypto exchange technology. PayBito has been the first in the world to integrate ChatGPT AI in its trading architecture and started a white label crypto broker program to democratize brokerage services at nominal monthly subscription. The extent of corporate influence in monetary decision-making has increased worldwide, and this has led to fragmentation and a lapse in trust. It is vital to have a robust framework that promotes financial transparency and inclusion, rather than alienating everyone in disproportionate wealth distribution, without human intervention. About Raj Chowdhury: Raj Chowdhury is the Managing Director of HashCash Consultants and Paybito . Raj pioneered the first interbank Trade Finance and Remittance implementation of Blockchain Technology between two of the largest global banks. Raj is an eminent voice in the Blockchain and Cryptocurrency space and actively engages with policymakers in this area. He is a contributor to Economic Times, Business World, CNNMoney and advises industry leaders in the adoption of Blockchain. He is a member of Asha Silicon Valley, a nonprofit committed to education for children in emerging countries. Author of the book \'The Dark Secret of the Silicon Valley\', Raj is an investor in blockchain and cryptocurrency companies and an active member of the philanthropic community. Media Contact Coleen Facete, Hashcash Digest, +14159662907, [email protected] SOURCE PayBito', 'The PayBito chief voiced his concern towards the role of key contributors maligning the existing monetary system with political influence, and calls for a change in practice. PALO ALTO, Calif. , Feb. 11, 2023 /PRNewswire-PRWeb/ -- The start of 2023 has investors and enterprises apprehensive in matters pertaining to the global economy. Institutions around the world reported heavy losses owing to fed rate hikes, inflation, supply chain disruptions, the European energy crisis and more. HashCash Consultants and PayBito CEO Raj Chowdhury highlighted the negative impact of institutional arbitrage, and proposes a conscious switch towards frameworks immune from human tampering. The act of arbitrage is controversial, with powerful global corporations often shifting decisions in their favor with the help of strong political influence. They hold considerable sway in yielding desirable outcomes and bypassing market, societal and environmental regulations, both directly and discretely. The HashCash chief identifies the fallacies present in the present monetary mechanism, stating , "The current monetary system is fraught with political influence and institutional arbitrage. This system created economic crises, financial exclusion and distributed more wealth to the wealthy. Let\'s put our faith in a mathematical framework free of human vice." The framework refers to cryptocurrencies like Bitcoin and its underlying blockchain technology. Rising as one of the most disruptive technologies of the present era with a seemingly endless scope of applications, blockchain has been adopted heavily by virtually all major players in the BFSI sector. The response has, however, not been the same for digital assets, with detractors citing recent exchange crashes, stablecoin fallouts as reasons for not banking upon crypto. On a side note, a majority of developing or already developed nations are either developing or conducting research on Central Bank Digital Currency(CBDC). The PayBito CEO has said earlier that regulation , not prohibition or heavy taxation is what\'s necessary for the crypto ecosystem. Story continues A recent World Economic Forum meet was held at Davos with the objective of reinforcing collaboration across a fragmented world. It has been found that several corporations transfer and conduct a notable portion of their most profitable value-addition activities offshore, including European financial centers, to avoid taxation, rules and responsibilities. Corporate arbitrage thus creates significant economic consequences, even for developing nations. Meanwhile, institutional arbitrages, while highly profitable, were also partially responsible for the 2008-09 global financial crisis, where institutional investors allocated capital in complex investment strategies and financial instruments. PayBito , a US-based crypto exchange developed and maintained by HashCash Consultants, has been a frontrunner in integrated crypto-forex technology, having deployed solutions in over 26 countries. The digital assets marketplace helmed by Chowdhury won global recognition as a top-provider of crypto exchange technology. PayBito has been the first in the world to integrate ChatGPT AI in its trading architecture and started a white label crypto broker program to democratize brokerage services at nominal monthly subscription. The extent of corporate influence in monetary decision-making has increased worldwide, and this has led to fragmentation and a lapse in trust. It is vital to have a robust framework that promotes financial transparency and inclusion, rather than alienating everyone in disproportionate wealth distribution, without human intervention. About Raj Chowdhury: Raj Chowdhury is the Managing Director of HashCash Consultants and Paybito . Raj pioneered the first interbank Trade Finance and Remittance implementation of Blockchain Technology between two of the largest global banks. Raj is an eminent voice in the Blockchain and Cryptocurrency space and actively engages with policymakers in this area. He is a contributor to Economic Times, Business World, CNNMoney and advises industry leaders in the adoption of Blockchain. He is a member of Asha Silicon Valley, a nonprofit committed to education for children in emerging countries. Author of the book \'The Dark Secret of the Silicon Valley\', Raj is an investor in blockchain and cryptocurrency companies and an active member of the philanthropic community. Media Contact Coleen Facete, Hashcash Digest, +14159662907, [email protected] SOURCE PayBito', "Photo: JeremyWord (Shutterstock) You\x92ve surely seen one...a big, orange eyesore shoved awkwardly into the corner of your local supermarket or perched ominously near the neighborhood gas station. Should you be foolish enough to approach, the eyesore will encourage you to dig into your wallet and fork over cold hard cash in exchange for make-believe money from the internet... It\x92s...*shudders*...the dreaded crypto ATM. A bizarre artifact of the current cultural moment, these machines have flooded U.S. cities over the past several years, but boom times for the little bitcoin dispensers may soon be at an end. One of their biggest U.S. operators is broke. Read more These Winning Close-Up Photos Show Life That's Often Overlooked Remembering Enterprise: The Test Shuttle That Never Flew to Space Apple's 12 Most Embarrassing Product Failures Cash Cloud\x97which s
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-02-11
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $418,373,567,762
- Hash Rate: 291465748.0777028
- Transaction Count: 280319.0
- Unique Addresses: 654726.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.49
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: If 2022 made one thing clear about crypto, it’s that there’s absolutely no point in predicting anything. Overnight collapses of multi-billion dollar companies, historic technological achievements, industry-wide crashes, blockbuster confrontations with world governments, shocking revelations of corporate malfeasance, billionaires on the run, surprise arrests: 2022 had it all—if not too much. Where does crypto go from here? While the future may not be certain, it's too tempting not to make some educated guesses. A number of 2022’s seismic events will certainly reverberate well into the new year; some new trends, too, are poised to play a major role in shaping what already looks to be another critical year for crypto. Here are some potential answers to a few questions likely to have major implications for the industry in 2023. When will winter end? By late fall, the crypto market looked poised for a recovery after months of relentless battering: the stock market was coming up for air, inflation was slowing, and prognostications for 2023 were cautiously optimistic. Then, one of crypto’s most prominent institutions exploded in real time. The stunning collapse last month of crypto exchange FTX cratered crypto prices, sending Bitcoin to its worst low in two years . Ethereum plunged to almost $1,100 in late November, due to a combination of market-wide panic and the dumping of millions of dollars worth of ETH by an attacker who purportedly drained FTX wallets in the midst of the company’s unraveling. Crypto prices have since marginally recovered, but the contagion sparked by FTX’s collapse only continues to spread. Digital asset lender BlockFi, which took a $250 million line of credit from FTX over the summer, declared bankruptcy late last month, weeks after freezing all withdrawals. Crypto Lender BlockFi Filing for Bankruptcy and Conducting Major Layoffs as FTX Contagion Claims Another: Source The company joined the ranks of a litany of crypto firms impacted by FTX’s demise. Cryptocurrency exchange Liquid Global, acquired by FTX earlier in the year, froze all fiat and cryptocurrency withdrawals just days after its parent company collapsed; Sino Global, a blockchain-focused venture firm, confirmed “mid-seven figure” exposure to FTX; crypto investment and trading group CoinShares confirmed a $30.3 million exposure ; crypto prime broker Genesis suffered a whopping $175 million exposure to FTX, and suspended client withdrawals for its lending arm as a result; crypto lender SALT also paused withdrawals . Story continues As 2023 unfolds, it's all-but-certain that even more firms will be forced to disclose potentially devastating relationships with once-dominant FTX, which seemed to have spread its tendrils across every corner of the crypto industry. Until the full impact of FTX’s $32 billion collapse is accounted for, and its myriad connections are divulged and processed, it’s unlikely a crypto spring will be able to take hold. With crypto contagion looking unlikely to let up any time soon, color us surprised i f the proverbial line goes up before actual spring. Crypto laws, finally? Despite the crypto-related cacophony and controversy that emanated from Washington this year, there remains a jarring lack of clarity from the American government about the regulatory fate of crypto assets, protocols, and exchanges. Will 2023 finally bring some solid guidelines and guardrails? “I am less bullish on regulatory clarity,” Miller Whitehouse-Levine, policy director of crypto lobbying group DeFi Education Fund, told Decrypt about 2023’s prospects. With control of Congress set to be narrowly split between Democrats and Republicans in 2023, Whitehouse-Levine is skeptical that warring political factions will be able to put aside their differences to pass sweeping crypto regulatory legislation. “I think it's going to be difficult for those two constituencies—each with completely different views on crypto policy—to come to a consensus that can pass Congress,” he said. One bipartisan crypto bill that looked poised to go the distance now appears all-but doomed. The Digital Commodities Consumer Protection Act (DCCPA), also known as the Stabenow-Boozman bill, would have granted crypto regulatory powers to the Commodity Futures Trading Commission (CFTC), and was by late 2022 gaining traction on the Hill. One of the bill’s most prominent supporters, though, was now-disgraced FTX founder and former CEO Sam Bankman-Fried, who favored the bill’s mainstreaming of centralized crypto exchanges like FTX. Weeks after FTX’s historic collapse, the bill was put on hold. It appears seismic changes in political calculus may have permanently sealed its fate. There is, however, one area of crypto legislation with potential for movement in 2023: stablecoin regulation. “If anything moves, stablecoin regulation seems to be the area where action is most likely to occur legislatively,” Whitehouse-Levine said. “Seemingly everyone agrees that something needs to be done, and everyone wants a deal.” Outgoing House Financial Services Committee Chair Maxine Waters (D-CA) and incoming Chair Patrick McHenry (R-NC) have been working towards a stablecoin bill for years, ever since Facebook stirred panic with its since-thwarted attempt to create its own stablecoin, Libra . In the absence of any comprehensive legislation, stablecoins have continued to make headlines: in May, so-called algorithmic stablecoin UST depegged from the US dollar , collapsing its maker, Terra, wiping out some $40 billion in value, and kickstarting crypto’s current winter. SEC vs crypto Another key character in crypto’s ongoing, unfolding battle with Washington is the Securities Exchange Commission (SEC) and headline-grabbing head honcho Gary Gensler. Gensler made waves in 2022 for escalating enforcement actions against crypto companies without providing baseline rules or guidelines for the emergent industry. Gensler’s own colleague, SEC commissioner Hester Peirce, previously labeled such policies of education by enforcement “just not a good way of regulating,” in an interview with Decrypt . Will 2023 bring any clarity, good or bad for crypto, from the SEC? SEC vs BAYC? Here’s What Legal Experts Say It Means for NFTs One major crypto development on deck at the SEC is a suite of pending updates to the agency’s rules on security exchanges. The SEC has released a proposed draft of its revised rules, which defines security exchanges in extremely broad terms that appear poised to ensnare decentralized finance (DeFi) protocols. The rule is currently in the comments stage, and has not yet been adopted. If adopted next year in its current form, the rule could have devastating consequences for DeFi, essentially requiring the sector to be regulated as a securities marketplace. “If a DeFi protocol is required to be regulated like the New York Stock Exchange, obviously that is totally impossible,” DeFi Education Fund’s Whitehouse-Levine said. “It would effectively make smart contracts illegal in the US.” Whitehouse-Levine is confident, however, that if such a rule were adopted, it would be challenged and potentially overturned in federal court. What’s more, the SEC may soon be embroiled in political problems of its own. Republican lawmakers—and some Democrats —have recently ramped up criticism of Gensler and the SEC’s inability or unwillingness to produce concrete rules on crypto assets. In the wake of FTX’s collapse in November, Representative Tom Emmer (R-MN) demanded that Gensler testify before Congress , linking 2022’s slew of crypto company collapses to the SEC’s enduring failure to create a crypto regulatory framework. SEC’s Hester Peirce Has Seen ‘No Real Movement’ on SEC Crypto Regulation Since She Joined in 2018 Whitehouse-Levine believes that, with Republicans soon to take charge of the House, stern words could soon evolve into real consequences for the federal regulator. “Every regulatory agency reports back to Congress, so there's a lot they [Republicans] can do,” Whitehouse-Levine said. “For example, they could say, until the SEC issues rulemaking on digital assets, they can't spend any of this money on enforcement. It could be quite impactful.” Will Ripple’s battle offer answers in crypto’s war? One of 2022’s highest-profile—and still ongoing—crypto lawsuits saw blockchain payments company Ripple battle the SEC in federal court. The government asserts that the company’s XRP token was illegally sold as an unregistered security. The lawsuit has pitted a dominant crypto company with deep pockets against a federal agency with much to prove—see above—in one of finance’s key arenas: the United States District Court, Southern District of New York. That court, colloquially referred to as the “Mother Court” by legal professionals, oversees all Wall Street activity and holds a particularly influential sway over federal finance law. Will the case, ongoing for almost two years, finally see resolution in 2023? And if it does, what will that verdict mean for crypto as a whole? Coinbase Is Backing Ripple Against the SEC Some experts believe that the SEC is angling to use its case against Ripple not just to prevent the unregistered sale of tokens like XRP, but to set the stage for the agency to finally go after centralized crypto exchanges like Coinbase, Kraken, and Binance.US—the beating hearts of America’s crypto trade. The SEC, in its recent victory against blockchain-based publishing platform LBRY, successfully got a federal court to take the unprecedented step of labeling certain crypto tokens as securities in themselves, not just their sale as an illegal securities offering. If the SEC can get its Manhattan-based judge to make a similar ruling on Ripple, the repercussions for crypto could be profound. “They want to go all the way and say the XRP tokens are the security,” Lewis Cohen, an attorney specializing in crypto and securities regulation, previously told Decrypt . “If they got their way, most US token...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
| |
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['LONDON , Feb. 12, 2023 /PRNewswire/ --\xa0Dombey Electrics Co. ( www.dombbit.com ), a UK Electrical company has launched the first dual mining machine. With the production site in HongKong, Dombey Electrics have offices in three continents. Dombey Electrics Co. Logo In 2019, the company introduced the low-power consuming cryptocurrency miners, but not only that, they launched the cryptocurrency miners that perform dual mining functions. What it means is that it can mine more than one coin at a time. And sequel to the aforementioned, they introduced the first set of miners with extremely low power consumption into the Hong Kong Market and have sold over 2,000 to coin miners all over the world. About Dombey Electric Incorporated A group of electricians and experts started Dombey Electrics Co. in 2010, and it is now one of the top provider of electrical solutions. They are extremely proud of their capacity to create unusual electrical goods for both indoor and outdoor use. Additionally, less dangerous activities have been added to the use of electrical appliances as a result of several technological advancements. Recent Developments In October 2022 , they launched the Dompre (Dombey Previa) , which is a type of machine that can mine both Ethereum and BTC at the same time, while still saving you energy. It has double sources of power, which means it can be charged both by the sun and electricity. They are made of Photovoltaic cells, which are more solid and long-lasting. The warranty on it is five years. Shipping to all parts of the world is free. See products here www.dombbit.com/products In addition, they provide solar power systems called D200 along with the any mining equipment, to aid mining, exclusively for cryptocurrency miners to prevent concerns with accumulated electricity bills. This implies that when you purchase a cryptocurrency miner, you also receive D200 to help with mining. They have an instruction booklet (Manual) and are simple to operate. The COO, James Eskola , stated in "the Street" that he believed many customers of their D200 ended up using it for camping rather than mining, in part, because they could not afford utility fees. Story continues Items can be instantly returned and replaced within the designated term in the event of delivery problems, breakage, damages, or in the event that the machine is not treated properly by delivery companies. Please view more details about the terms of return here for more information www.dombbit.com/faqs/ PR Manager James Eskola [email protected] (+358)41 4001018 Logo - https://mma.prnewswire.com/media/1995671/Dombey_Logo.jpg Cision View original content: https://www.prnewswire.com/news-releases/dombey-launches-a-revolutionary-mining-gig-301744701.html SOURCE Dombey Electric Co', 'LONDON , Feb. 12, 2023 /PRNewswire/ --\xa0Dombey Electrics Co. ( www.dombbit.com ), a UK Electrical company has launched the first dual mining machine. With the production site in HongKong, Dombey Electrics have offices in three continents. Dombey Electrics Co. Logo In 2019, the company introduced the low-power consuming cryptocurrency miners, but not only that, they launched the cryptocurrency miners that perform dual mining functions. What it means is that it can mine more than one coin at a time. And sequel to the aforementioned, they introduced the first set of miners with extremely low power consumption into the Hong Kong Market and have sold over 2,000 to coin miners all over the world. About Dombey Electric Incorporated A group of electricians and experts started Dombey Electrics Co. in 2010, and it is now one of the top provider of electrical solutions. They are extremely proud of their capacity to create unusual electrical goods for both indoor and outdoor use. Additionally, less dangerous activities have been added to the use of electrical appliances as a result of several technological advancements. Recent Developments In October 2022 , they launched the Dompre (Dombey Previa) , which is a type of machine that can mine both Ethereum and BTC at the same time, while still saving you energy. It has double sources of power, which means it can be charged both by the sun and electricity. They are made of Photovoltaic cells, which are more solid and long-lasting. The warranty on it is five years. Shipping to all parts of the world is free. See products here www.dombbit.com/products In addition, they provide solar power systems called D200 along with the any mining equipment, to aid mining, exclusively for cryptocurrency miners to prevent concerns with accumulated electricity bills. This implies that when you purchase a cryptocurrency miner, you also receive D200 to help with mining. They have an instruction booklet (Manual) and are simple to operate. The COO, James Eskola , stated in "the Street" that he believed many customers of their D200 ended up using it for camping rather than mining, in part, because they could not afford utility fees. Story continues Items can be instantly returned and replaced within the designated term in the event of delivery problems, breakage, damages, or in the event that the machine is not treated properly by delivery companies. Please view more details about the terms of return here for more information www.dombbit.com/faqs/ PR Manager James Eskola [email protected] (+358)41 4001018 Logo - https://mma.prnewswire.com/media/1995671/Dombey_Logo.jpg Cision View original content: https://www.prnewswire.com/news-releases/dombey-launches-a-revolutionary-mining-gig-301744701.html SOURCE Dombey Electric Co', 'If you want to retire a millionaire, invest early in millionaire-maker stocks. Easier said than done, right? If there was a reliable formula for pinpointing which stocks would return 100 to 1,000 times your money, we’d all be rich. Unfortunately, that “holy grail” doesn’t exist. But we can help point you in the direction of stocks that could eventually be your next millionaire-maker stocks.\xa0In fact, here are seven you may want to consider.\n[{"RIOT": "LAC", "Riot Platforms": "Lithium Americas", "$5.64": "$25.75"}, {"RIOT": "SLDP", "Riot Platforms": "Solid Power", "$5.64": "$3.36"}, {"RIOT": "DETNF", "Riot Platforms": "Aker BP", "$5.64": "$29.66"}, {"RIOT": "PSNY", "Riot Platforms": "Polestar Automotive", "$5.64": "$5.73"}, {"RIOT": "PINS", "Riot Platforms": "Pinterest", "$5.64": "$24.78"}, {"RIOT": "RIG", "Riot Platforms": "Transocean", "$5.64": "$7.34"}]\nSource: Yev_1234 / Shutterstock\nThere finally seems to be some revival among cryptocurrencies. If recovery sustains, there are potential multibagger crypto stocks to buy.Riot Platforms(NASDAQ:RIOT) looks undervalued at current levels of $5.51.\nTheBitcoin(BTC-USD) mining company looks attractive for several reasons. As of Jan. 2023, Riot reported production of 740 Bitcoin. On a year-on-year basis, production increased by 62%. Further, Riotreported a hashing capacity of 9.3EH/s. The companyexpects to boost capacityto 12.5EH/s in the first half of the year. With sustained growth in capacity, digital assets in the company’s balance sheet will swell.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nIt’s also worth noting that for the first nine months of 2022, Riot reported gross margin of 65.4%. With Bitcoin gradually trending higher, the low-cost miner is positioned to benefit. Assuming a bullish outlook for cryptocurrencies, Riot is positioned to deliver healthy cash flows. With zero debt and $255 million in cash, Riot is also positioned to invest aggressively in the next leg of expansion.\nSource: Wirestock Creators / Shutterstock.com\nWith expectation ofacute shortage of lithiumin the coming decade, the metal is an attractive investment theme. Lithium companies are positioned to benefit from higher demand and better price realization.Lithium Americas(NYSE:LAC) is among the best millionaire-maker stocks to buy. At a current market valuation of $3.5 billion, the stock looks significantly undervalued. To put things into perspective, the company’sThacker Pass projectin the U.S. has an after tax-net present value of $4.95 billion.\nRecently, the company signed an agreement withGeneral Motors(NYSE:GM) for joint development of the U.S. asset. The latter will be infusing $650 million in equity in the company. Funding commercialization of the project is unlikely to be a challenge.\nLithium Americas also has assets in Argentina. The company has decided tosplit international assetsinto a separate entity (Lithium International). This is likely to result in value unlocking and will make project financing easier. Once the assets are commercialized, Lithium Americas will be a cash flow machine.\nSource: T. Schneider / Shutterstock.com\nSolid-state batteries are being considered as the batteries of the future for electric vehicles. Of course, these batteries are still under development, but it’s the right time to pick potential winners for multibagger returns.\nSolid Power(NASDAQ:SLDP) is among the attractive players to consider. With several positive developments in the recent past, SLDP stock has been trending higher. I expect this momentum to sustain.\xa0In Jan. 2023, Solid Power wasawarded $5.6 millionfrom the U.S. Department of Energy for the development of solid-state cells. The government funding underscores the importance of solid-state cell development.\nIn December 2022, Solid Power announced that it haslicensed the design and manufacturing processtoBMW(OTCMKTS:BMWYY). This will allow parallel research and development activity and can potentially accelerate the commercialization.\xa0Solid Power reportedcash and equivalents of $507.6 millionas of Q3 2022. With the backing of BMW andFord(NYSE:F), funding growth is unlikely to be a challenge.\nSource: zhengzaishuru / Shutterstock.com\nAker BP(OTCMKTS:DETNF) is a hidden gem from the oil and gas sector. DETNF stock has multibagger returns potential and offers an attractive dividend yield of 7.1%.As an overview, Aker BP is focused
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-12
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $422,286,414,450
- Hash Rate: 313943411.7760057
- Transaction Count: 259642.0
- Unique Addresses: 617837.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.50
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: The price ofBitcoinis back above $18,000 for the first time since crypto exchange FTX blew up.
At the time of writing, CoinGecko data showed the biggest cryptocurrency was trading hands for $18,115—a nearly 2% 24-hour increase. It’s up 6% in the past seven days.
The last time Bitcoin traded for this much was on November 8—the day the FTX bombshell dropped. Since then, it’s mostly hovered between $16,000-$17,000. In early November, things were looking up for the asset, trading above $21,000 and trending upwards. Then things took a turn.b
FTX, once one of the biggest digital asset exchanges on the planet, went bankrupt last month, taking big-name crypto companies like BlockFi down with it, as well as crypto prices.
Following the news of its collapse, investors rushed to get shot of volatile assets, bringing further chaos to what was already a very volatile market this year.
Bitcoinhit a two-year lowfollowing the news, and the market has been slow to recover as thecontagion spreadsto companies likeGenesis, a crypto lender owned bycrypto giant Digital Currency Group.
And though it’s making a comeback today, Bitcoin is still hurting from this year’s brutal bear market: In November last year, it was worth over 73% more than it is now—when it touched $69,044.
Ethereum, the second-largest digital asset, is also up today: CoinGecko data shows it’s trading for $1,335, a 5% increase in the past week.
Other cryptocurrencies aren’t faring too well, though. Dogecoin, the ninth biggest digital asset by market cap, is down over 9% in the past week, priced at $0.09.
Bitcoin and other major cryptocurrencies have largely followed U.S. stocks this year because they are considered riskier assets. When the Federal Reserve has raised interest rates to get inflation under control, investors have generally sold U.S. equities, as well as Bitcoin and other digital assets.
And today is no different: the S&P 500 and the Nasdaq 100 are up today on hopes that the Fed will likely announce that it is slowing the pace of interest-rate hikes at a meeting later today....
- Reddit Posts (Sample): [['u/Odlavso', 'Ordinals chaos reaches a breaking point in bitcoin community - Bitcoin to fork', 243, '2023-02-12 01:16', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/', " The CEO of bitcoin tweeted out a couple of minutes ago that bitcoin will be forking! \n\nhttps://preview.redd.it/lxaa0gargnha1.png?width=596&format=png&auto=webp&v=enabled&s=dc8c320d98331a9c19517ff51f577cfe49281499\n\n \n\nBoth groups could not decide who would keep the name of Bitcoin so a compromised was reached.\n\n* Bitcoin classic will now be the same old boring bitcoin that you have come to love, it will be money and only money.\n* New Bitcoin will allow Ordinals and other future advancements, possibly added meme coins\n\nUsers are now having to chose which one they will support, the community is in shambles.\n\n​\n\nhttps://preview.redd.it/v5ftf6kzgnha1.jpg?width=500&format=pjpg&auto=webp&v=enabled&s=8139dfc565327e8b2542a119f91f86e9cc8d3bbd\n\n Two subreddits have already been set up and look almost identical, at the moment both have almost all the same members but as they chose a side we should start to see one gain more popularity than the other. \n\n​\n\n[Bitcoin classic](https://preview.redd.it/hj1a7w91hnha1.jpg?width=1920&format=pjpg&auto=webp&v=enabled&s=34fdd5e4b437dc3902656ff82a007cd626850d1b)\n\n[New Bitcoin](https://preview.redd.it/pishb9a1hnha1.jpg?width=1920&format=pjpg&auto=webp&v=enabled&s=3c0cca839290ec6f9b47293b992d24693ab80bb0)\n\n The DOGE millionaire got in on the tweet action stating he would create New Doge \n\nhttps://preview.redd.it/b316fkgsgnha1.png?width=596&format=png&auto=webp&v=enabled&s=59d33d4c3d3f7cd75ab9fee848a5ebe62cf251f9\n\n Bitcoin cash also sent out a tweet to it's hundreds of followers to remind everybody they are still around. \n\nhttps://preview.redd.it/jog4s8stgnha1.png?width=596&format=png&auto=webp&v=enabled&s=192164f58c409e800d046dd72be9eb8832b181d1\n\n \n\n2022 was the worst bear market in crypto history and 2023 is starting off with a bitcoin Fork. Crypto winter is far from over.\n\nWhich will you choose?", 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/', '11025of', [['u/JustDownInTheMines', 55, '2023-02-12 01:26', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j86iq4w/', 'Lmao that Bitcoin Cash section is pure gold.\n\nThanks for another one of these posts u/Odlavso', '11025of'], ['u/Odlavso', 21, '2023-02-12 01:27', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j86iw84/', 'I wanted to make sure to include them, people are always forgetting they are still around', '11025of'], ['u/LaPietrah', 53, '2023-02-12 01:33', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j86jly3/', "I'm on team New Bitcoin, however I think they should've gone with a more catchy name, something like BitcoinSafeMoonCumRocket", '11025of'], ['u/nusk0', 156, '2023-02-12 01:42', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j86kqex/', "Hi, I just went to the bitcoin website to get reimbursed and there's customer service, this industry has really gone to shit. \nHow can you treat client like that? I'm shopping at Ethereum next time", '11025of'], ['u/tronbob', 46, '2023-02-12 01:51', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j86lwuy/', 'I thought I was on Buttcoin for a sec', '11025of'], ['u/Mr_Bob_Ferguson', 10, '2023-02-12 02:11', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j86oedz/', 'I’m not so sure about this “New Bitcoin” stuff.\n\nBitcoin having increased use-cases is concerning to me.\n\nHorses haven’t changed for 1000 years and people still ride them.\n\nIf it ain’t broke, don’t fix it.', '11025of'], ['u/Smiling_Jack_', 28, '2023-02-12 02:15', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j86owe3/', "OP's funny post aside, \n\n\nI am loving the chaos in the maxi community right now.\n\nBest reason to make a bowl of popcorn since SegWit.", '11025of'], ['u/meeleen223', 11, '2023-02-12 02:16', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j86p4vi/', "Idk about that I've seen some forked black and white stripped horses", '11025of'], ['u/Mr_Bob_Ferguson', 12, '2023-02-12 02:18', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j86pd5g/', 'And look at what a failure they were. Limited largely to Africa and yet to reach mainstream adoption.\n\nDon’t let Bitcoin become a striped horse.', '11025of'], ['u/meeleen223', 39, '2023-02-12 02:18', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j86pdkn/', "I'm gonna talk to the bitcoin manager, this is not how customers should be treated", '11025of'], ['u/JoeYo743', 15, '2023-02-12 02:27', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j86qhmb/', 'Honestly why not go with BitcoinCash? It already got a bigger blocksize that can hold these memes no?', '11025of'], ['u/TheTrueBlueTJ', 15, '2023-02-12 03:10', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j86vrug/', "I'm gonna demand a refund for my losses!", '11025of'], ['u/Plastic-Club-5497', 16, '2023-02-12 03:18', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j86wqtg/', 'Easy there bitkaren', '11025of'], ['u/Alfador8', 21, '2023-02-12 04:12', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j873ar3/', "I'm a maxi who lives in the maxi echo chamber and I'm not seeing the chaos you're referring to. Most of us seem to be of the opinion that it's an open network and people can do what they want, and that market forces/apathy will eventually push this use-case out (or at least to the margins). I understand that your narrative is more entertaining though", '11025of'], ['u/Qwahzi', 10, '2023-02-12 05:06', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j879h36/', 'The problem is that block space & bandwidth are limited resources, and allowing non-monetary transactions could increase operating costs, crowd out value transfer/hard money usecases due to fees, and possibly impact long-term game theory/consensus', '11025of'], ['u/Jetjones', 14, '2023-02-12 05:45', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j87dqb0/', 'Bitcoin sub is deleting new posts about ordinals.\nBitcoin magazine deleted a comment I made about them on a youtube video. No they were not over the top, just raising concern. The debate is being censored, in my experience.', '11025of'], ['u/Jetjones', 12, '2023-02-12 05:51', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j87ee7y/', 'Taproot update accidentally enabled "NFTs" on Bitcoin. You could always post data on it but now actual 4mb images are being dropped on the chain through Ordinals. This is going against the ideology that most have been preaching for years - that Bitcoin’s base layer should stay lean and strong. Apparently Taproot devs said somewhere that there would be a limit on witness data size used by ordinals but I guess not as blocks are being filled by some.\n\nIt’s debatable if this will be bad for bitcoin in the long term but raises fees, decentralization and security concerns. Once thing is certain, average block size almost doubled since the beginning of the fad and the mempool is through the roof. It will for sure kill low fee transactions. More fees is good for miners long term, but useless data on main chain diminishes decentralization. I am all for NFTs on Bitcoin but it should have been built on a second layer, not by bloating the main chain.', '11025of'], ['u/tofubeanz420', 12, '2023-02-12 07:47', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j87pdcm/', 'Welcome to r/Bitcoin the most censored crypto subteddit', '11025of'], ['u/deathbyfish13', 12, '2023-02-12 07:58', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j87qakq/', "We're operating in a grey area between the two subreddits lol", '11025of'], ['u/SquatAngry', 18, '2023-02-12 09:29', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j87x73y/', 'OP is the founder of the Buttcoin coin so it makes sense.', '11025of'], ['u/1moreApe', 12, '2023-02-12 11:50', 'https://www.reddit.com/r/CryptoCurrency/comments/11025of/ordinals_chaos_reaches_a_breaking_point_in/j8877st/', 'Bitcoin manager here. Dm me your seed phrase so I can help resolve your problems. \n\nI am also the manager of Ethereum and Solana. All your questions will be answered but private key is needed.\n\nDisclaimer : This is 128.69% not a scam, trust me bruh!!', '11025of']]], ['u/Dark181', 'Finger crossed', 64, '2023-02-12 03:59', 'https://www.reddit.com/r/SHIBArmy/comments/1105e97/finger_crossed/', "I have converted all my cryptos ETH, BTC, MATIC, SOL to SHIB let's see what happens lol 💀", 'https://www.reddit.com/r/SHIBArmy/comments/1105e97/finger_crossed/', '1105e97', [['u/OutTop', 10, '2023-02-12 04:05', 'https://www.reddit.com/r/SHIBArmy/comments/1105e97/finger_crossed/j872gan/', 'Same lol', '1105e97'], ['u/Kryptonian_Investor', 11, '2023-02-12 05:47', 'https://www.reddit.com/r/SHIBArm...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['In this article, we shall be looking at the 25 best countries for solo female travelers. To skip our detailed analysis of the global tourism sector in 2023, go directly and see10\xa0Best Countries for Solo Female Travelers.\nAs recession fears materialize in 2023,Bloombergnotes that international tourists have boosted spending in popular tourist localities across the globe in 2022 and were one of the key contributors in driving economic recovery. According to the report, 2022 saw more than 900 million international tourists, almost 70% of pre-pandemic levels. However, as costs surge amid increasing global economic uncertainty, the United National World Tourism Organization notes that the demand for domestic and regional travelling is projected to remain reasonably strong and is expected to drive the sector\'s overall recovery from the pandemic.\nTravel Trends Affecting The Industry in 2023: An Overview\nAccording to a report byBloomberg, the plummeting macroeconomic projections are expected to influence travel patterns in 2023. Although the Middle East and Europe are recovering considerably fast and are projected to meet pre-pandemic visitor volumes in 2023, areportby the United Nations World Tourism Organization expects financial constraints to cause tourists seeking more value for money and travelling only close to home this year. Furthermore, according to areporton consumer travel attitudes by the European Travel Commission, price, proximity, and value for money seem to be the overriding decision factors when it comes to international tourism in 2023. Even in the United States, a recentsentiment surveyby Longwoods International demonstrated that 56% of respondents cited airfare as a major deciding factor. More than 30% of respondents have claimed that economic concerns will influence and determine their travel decisions, a 7% increase in such sentiment since August 2022. Countries which can adapt their tourism sectors to meet these new trends are expected to see a faster growth pace in 2023.\nIn a conversation withMcKinsey\'sNina Wittkamp, here is what Axel Hefer, CEO and Managing Director of Trivago, had to say about the short and long term outlook on global tourism in 2022/23:\n"I’m less optimistic about long-haul, intercontinental travel, even in the long term. The opening up of the transatlantic routes can lead to significant demand for international tourism, but travel across geographies is more complicated because of the need to implement safety measures that are in sync between the departing country and the country of destination. For instance, if one region is investing heavily in hygiene and safety measures but there is still a quarantine restriction on a return from another region, that becomes prohibitive."\nGlobally, tourism is expected to continue on its strong-recovery path, both domestically and internationally. International travel is expected to surge by almost 40% in 2023, as compared to an 80% growth rate in 2022. However, areportby Euromonitor claims that the decline in growth pace doesn\'t necessarily signify a decline a trips but simply a difference in growth, owing to inflationary pressures. In this article, we shall take a look at the 25 Best Countries for Solo Female Travelers.\nPhoto byAndrew RuizonUnsplash\nOur Methodology\nFor this article, we looked at theWorld Economic Forum\'s Travel and Tourism Index of 2021, which ranks countries based on a variety of factors that facilitate the sustainability and resilient development of the Travel and Tourism sector within that respective locality. In order to ascertain the best tourist destinations, we only shortlisted countries which ranked in the upper two quintiles of the report. We then cross-referenced the resultant list withGeorgetown Institute\'s Women Peace and Security Index for 2021/22and averaged out the rankings to derive an average score for each country. For example, since France ranks 4th in the Travel and Tourism Index and at 15th in the GIWPS index, its average score for the purpose of this article is 9.5. After replicating the process for every country, we chose the top 25 countries based on their average score and ranked them from lowest to highest.\nWEF TTI Ranking: 29GIWPS Ranking: 20Average Score: 24.5\nAlthough relatively unknown, tourism in the Baltic nation of Estonia is an integral component of the country\'s economy, and makes up for nearly 7.8% of its GDP. Considered one of the safest countries to visit in the world according to a report byOECD, the number of tourist arrivals in Estonia, both domestic and international have been exponentially increasing since 2006.\nPopular destinations in Estonia include Tartu, Parnu, Saaremaa, and the national capital of Tallinn. Old Town in Tallinn is a designated UNESCO World Heritage Site. In 2020, the Government of Estonia kicked off the Tourism Program 2021-24 to further incentivise growth in the tourism sector by investing more than 140 million euros in the travel industry.\nWEF TTI Ranking: 25GIWPS Ranking: 24Average Score: 24.5\nA tourist behemoth of the Middle East, the UAE\'s travel industry employs more than 605,000 people and is projected to account for nearly 12.4% of the oil-rich country\'s total GDP by 2027. From the futuristic metropolitan of Dubai to the scenic landscapes of Ras Al Khaimah, the United Arab Emirates attracts a diverse variety of tourists every year. The Government of the UAE have revealed plans to further \'Emiratize\' the industry which will help the country overcome macroeconomic challenges in 2023.\nWEF TTI Ranking: 15GIWPS Ranking: 33Average Score: 24\nSince the liberalization policies of international travel in the 1980s, the Republic of Korea has slowly been emerging as a hub of tourist attention in Asia. One of the most visited countries in the world, the majority of Korea\'s tourism industry is supported by domestic tourism. Seoul is the primary tourist destination, with other major attractions including Busan, the Seorak-san national park, the historic city of Gyeongju and the subtropical Jeju Island. The recent popularity of Korean popular culture, also known as the \'Korean Wave\', has boosted the growth of the industry in the country.\nWEF TTI Ranking: 22GIWPS Ranking: 22Average Score: 22\nBelgium is considered one of the go-to destinations in Europe, attracting a record 3.4 million tourists in 2022. The tourism industry constituted more than 20 billion euros to the country\'s overall GDP in 2022. Whether it be the country\'s world famous chocolates and diamonds, or a UNESCO World Heritage site in Bruges, Belgium remains a top choice for travelers across the world.\nWEF TTI Ranking: 24GIWPS Ranking: 19Average Score: 21.5\nIreland is home to a diverse plethora of archeological and cultural heritage, attracting millions of tourists every year. Famous sites to visit are the Rock of Cashel, Killarney National Park, and the Cliffs of Moher.\nWEF TTI Ranking: 27GIWPS Ranking: 13Average Score: 20\nTourism is an integral component of New Zealand\'s economy, constituting more than 6% of the country\'s GDP as of 2022. Although it is one of the most expensive localities in the world, New Zealand also has with one of the lowest crime rates and is considered exceptionally safe and secure for solo women travelers.\nWEF TTI Ranking: 10GIWPS Ranking: 28Average Score: 19\nWith more than 56 million tourist arrivals in 2022, Italy is the fifth most visited destination in the world. Considered the hub of modern European culture and tradition, Italy houses the great relics of ancient European glory. From the Colosseum and the Forum to churches and chapels of the Vatican, Italy appeases the young and the old alike.\nWEF TTI Ranking: 1GIWPS Ranking: 35Average Score: 18\nFrom scenic landscapes and cultural sites to modern theme parks and tourist retreats, Japan offers a plethora of activities for tourists. Tourism is a massive industry in Japan, with the country attracting more than 3.8 million visitors in 2022. The country is fast emerging as one of the central hubs of Asian culture.\nWEF TTI Ranking: 16GIWPS Ranking: 18Average Score: 17\nPortugal is a relatively small country, making it easier and cost-effective to travel and explore. From the cosmopolitan city of Lisbon to traditional villages, tourists tend to have a diverse range of travel options. The tourism sector accounted for a massive 17%\xa0 of the country\'s GDP (including indirect effects) pre-pandemic, making Portugal one of five southern European nations most dependant on the sector.\nWEF TTI Ranking: 7GIWPS Ranking: 24Average Score: 15.5\nWhether one is looking to relax on the country\'s sparkling beaches, spend time with friendly wildlife, or catch a show at the Sydney Opera House, Australia is a go-to destination for tourists across the globe. The tourism sector employs more than five percent of the country\'s workforce and makes up for more than 8.2% of Australia\'s export earnings.\nWEF TTI Ranking: 20GIWPS Ranking: 7Average Score: 13.5\nAlthough tourism is a relatively small part of the Swedish economy, the industry has been picking up favor amongst tourists of late. The country is known for its beautiful palaces, ancient towns, anow-capped landscapes and the famous Ice Hotel.\nWEF TTI Ranking: 23GIWPS Ranking: 3Average Score: 13\nTourism in Iceland has grown considerably in economic significance in the past decade, becoming one of the central pillars of the Icelandic economy. The industry contributes more than 39% to the total export revenue of the country, and although numbers haven\'t quite returned to pre-pandemic levels, tourism in Iceland is recording one of the fastest growth rates in Northern Europe.\nWEF TTI Ranking: 21GIWPS Ranking: 5Average Score: 13\nConsidered one of the best destinations in Europe for a city break, Luxembourg is widely known for the Old Quarter of Luxembourg City, the National Museum of History and Art, the Bock Casements and much more.\nWEF TTI Rank
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-02-13
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $422,033,056,088
- Hash Rate: 303650131.9290037
- Transaction Count: 299329.0
- Unique Addresses: 666916.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.48
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Join the most important conversation in crypto and web3! Secure your seat today Building a firewall that separates crypto from the traditional financial system may be the best approach to keep the digital asset industry alive in the European Union, Luzius Meisser, chairman of crypto firm Bitcoin Suisse, told CoinDesk TVs All About Bitcoin on Monday. Meisser said the containment strategy, which is one of four strategies the Zug, Switzerland-based firm has outlined, could be beneficial to crypto and the traditional finance marketplace. He said containing crypto is what EU lawmakers are on track to pursue. Their intention is to protect, to shield, the traditional financial system from the toxicity of the crypto economy, Meisser said. But maybe, it also helps protect cryptocurrencies from the traditional financial systems with all its faults and mistakes. Last week, EU lawmakers voted to impose strict restrictions on banks looking to hold crypto by requiring firms to hold a euro of their own capital for every euro held in crypto. The stipulations outlined reflect closely those set by the Basel Committee on Banking Supervision, the industrys international standard setter. Crypto banking rules proposed by the committee will become even more extreme towards crypto, according to Meisser, who points to the 1% to 2% rule as an example. The restrictions, set to take effect at the beginning of 2025, will limit a banks exposure to crypto, capping it at 2%. It means for every bitcoin you hold for a client, you need to have one bitcoin on top of that in equity, Meisser said. It basically prohibits banking with bitcoin, he later added. Meisser said what this means is that you cannot have a traditional bank account where the client just has a claim in bitcoin. As part of the Committee's rules, it would also mean that crypto would not be recognized as collateral, Meisser said, making it more difficult for a bank to issue a client a loan in the future for example. Doing so would only give banks the runway to store crypto for their clients, he said. Story continues Nonetheless, lawmakers are unlikely to ban crypto outright, Meisser said, because its not compatible with liberal political order. He said it is also unlikely that lawmakers will take a laissez faire approach and let the market work itself out because it would defeat their own purpose and make them obsolete. Read more: EU Lawmakers Impose Prohibitive Requirements on Banks Crypto Holdings...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Despite pushback from Bitcoin purists, Ordinals—the NFT-like project on the Bitcoin blockchain—shows no signs of slowing, as over 76,400 inscriptions have been created to date. The number of Ordinals spiked on February 9, 2023, exceeding 20,800 inscriptions for the day, according to data fromDune.\nLaunched last month,Ordinalsis the latest project aiming to bring NFTs into the Bitcoin ecosystem.Counterparty, launched in 2014, was the first project that introduced non-fungible tokens to Bitcoin with the Rare Pepes collection, followed by the 2017 launch ofStacks.\nWhat distinguishes Ordinals from earlier projects is that the digital assets are inscribed directly onto satoshis, the lowest denomination of a Bitcoin, without needing a sidechain or token.\nDevelopers have inscribed JPEGs, audio files, videos, and evenvideo gamesto test the limits of what can go on the Bitcoin blockchain. While the total number of Bitcoin NFTs is unknown, the Ordinalswebsiteand Gamma, a Bitcoin NFT marketplace on Stacks, appear to point to several thousand minted on the network.\nBitcoin NFTs may be having a moment, but the technology is still in its infancy, especially when compared to Ethereum and Solana, which have had several years to perfect the minting, trading, and viewing of digital collectibles.\n“Ordinals have been live for a few months now, but it’s only really a week old in terms of mass adoption,” Satoshibles developer Brian Laughlan toldDecrypton Discord. “It’s going to take a while before we see general wallet support.” Launched in 2021,Satoshiblesis the first NFT Collection to bridge Ethereum NFTs with Bitcoin using Stacks.\nAs Bitcoin Twitter continues to argue the merits of filling blocks with pictures and videos,Bitcoin minersare raking in a tidal wave in fees that topped $92,220 on February 12, 2023, for Ordinal transactions alone.\nUnsurprisingly, clones of popular NFT projects likeCryptoPunksand Bored Ape Yacht Club NFTs have made their way to the Bitcoin Blockchain. On February 8, a single Ordinal Punk sold for 9.5 BTC, or nearly $215,000.', 'Despite pushback from Bitcoin purists, Ordinals—the NFT-like project on the Bitcoin blockchain—shows no signs of slowing, as over 76,400 inscriptions have been created to date. The number of Ordinals spiked on February 9, 2023, exceeding 20,800 inscriptions for the day, according to data fromDune.\nLaunched last month,Ordinalsis the latest project aiming to bring NFTs into the Bitcoin ecosystem.Counterparty, launched in 2014, was the first project that introduced non-fungible tokens to Bitcoin with the Rare Pepes collection, followed by the 2017 launch ofStacks.\nWhat distinguishes Ordinals from earlier projects is that the digital assets are inscribed directly onto satoshis, the lowest denomination of a Bitcoin, without needing a sidechain or token.\nDevelopers have inscribed JPEGs, audio files, videos, and evenvideo gamesto test the limits of what can go on the Bitcoin blockchain. While the total number of Bitcoin NFTs is unknown, the Ordinalswebsiteand Gamma, a Bitcoin NFT marketplace on Stacks, appear to point to several thousand minted on the network.\nBitcoin NFTs may be having a moment, but the technology is still in its infancy, especially when compared to Ethereum and Solana, which have had several years to perfect the minting, trading, and viewing of digital collectibles.\n“Ordinals have been live for a few months now, but it’s only really a week old in terms of mass adoption,” Satoshibles developer Brian Laughlan toldDecrypton Discord. “It’s going to take a while before we see general wallet support.” Launched in 2021,Satoshiblesis the first NFT Collection to bridge Ethereum NFTs with Bitcoin using Stacks.\nAs Bitcoin Twitter continues to argue the merits of filling blocks with pictures and videos,Bitcoin minersare raking in a tidal wave in fees that topped $92,220 on February 12, 2023, for Ordinal transactions alone.\nUnsurprisingly, clones of popular NFT projects likeCryptoPunksand Bored Ape Yacht Club NFTs have made their way to the Bitcoin Blockchain. On February 8, a single Ordinal Punk sold for 9.5 BTC, or nearly $215,000.', 'Despite pushback from Bitcoin purists, Ordinals\x97the NFT-like project on the Bitcoin blockchain\x97shows no signs of slowing, as over 76,400 inscriptions have been created to date. The number of Ordinals spiked on February 9, 2023, exceeding 20,800 inscriptions for the day, according to data from Dune . Launched last month, Ordinals is the latest project aiming to bring NFTs into the Bitcoin ecosystem. Counterparty , launched in 2014, was the first project that introduced non-fungible tokens to Bitcoin with the Rare Pepes collection, followed by the 2017 launch of Stacks . What distinguishes Ordinals from earlier projects is that the digital assets are inscribed directly onto satoshis, the lowest denomination of a Bitcoin, without needing a sidechain or token. Developers have inscribed JPEGs, audio files, videos, and even video games to test the limits of what can go on the Bitcoin blockchain. While the total number of Bitcoin NFTs is unknown, the Ordinals website and Gamma, a Bitcoin NFT marketplace on Stacks, appear to point to several thousand minted on the network. Bitcoin NFTs may be having a moment, but the technology is still in its infancy, especially when compared to Ethereum and Solana, which have had several years to perfect the minting, trading, and viewing of digital collectibles. \x93Ordinals have been live for a few months now, but it\x92s only really a week old in terms of mass adoption,\x94 Satoshibles developer Brian Laughlan told Decrypt on Discord. \x93It\x92s going to take a while before we see general wallet support.\x94 Launched in 2021, Satoshibles is the first NFT Collection to bridge Ethereum NFTs with Bitcoin using Stacks. Many Bitcoiners, no matter what they say, are scrambling to mint a pre 100k inscription. Hilarious how people have 2 faces. Y\x92all would all be served better to just maintain 1 face and be honest. It\x92s a better life. \x97 ck (going to Bitcoin 2023) (@ck_SNARKs) February 13, 2023 As Bitcoin Twitter continues to argue the merits of filling blocks with pictures and videos, Bitcoin miners are raking in a tidal wave in fees that topped $92,220 on February 12, 2023, for Ordinal transactions alone. Story continues Unsurprisingly, clones of popular NFT projects like CryptoPunks and Bored Ape Yacht Club NFTs have made their way to the Bitcoin Blockchain. On February 8, a single Ordinal Punk sold for 9.5 BTC, or nearly $215,000.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:This year will continue to be a challenge for crypto, but it\'s possible that bitcoin will hit $25,000, says Ryan Grace, Tastycrypto\'s head of digital assets .\nInsights:In a news analysis, CoinDesk markets reporter Sam Reynolds explains why Asia is a more likely global hub for the evolution of digital assets.\nCoinDesk Market Index (CMI)\n1,029\n−2.5▼0.2%\nBitcoin (BTC)\n$21,776\n+22.3▲0.1%\nEthereum (ETH)\n$1,505\n−7.2▼0.5%\nS&P 500\n4,137.29\n+46.8▲1.1%\nGold\n$1,866\n+3.4▲0.2%\nNikkei 225\n27,427.32\n−243.7▼0.9%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBNB Down on Regulatory Concerns While Bitcoin, Ether Flat\nBinance is getting lots of love from regulators this Valentines’ Day (Tuesday, UTC), sending BNB down 6.5% while bitcoin and ether remain flat.\nRegulators in the United States are closely eyeing crypto these days, and Binance’s BUSD stablecoin is their latest target. The Securities and Exchange Commission (SEC) is set to launch enforcement action against Paxos, the issuer of BUSD, as it deems the stablecoin a security. Paxos says that itwill vigorously defend itself, and the issue is going to court.\nTradersaren’t reacting well, with withdrawals from Binance surging, according to on-chain data from Nansen.\n"If this is a Binance issue, we see further kind of regulatory scrutiny being imposed by the SEC, you do have that headline risk, and I think that\'s certainly what\'s weighing on crypto markets,” Tastycrypto Head of Digital Assets Ryan Grace told CoinDesk TV.\nBut Grace added: "I believe that the macro kind of economic backdrop is still the primary driver here. It\'s Fed policy. In addition to some of the SEC headlines, we have CPI again on Tuesday expected to come down a little bit. But you\'re starting to see in the markets a bit of a concern that not so much even a soft landing, but that the Fed isn\'t going to land here. The economy is gonna run hot, and ultimately you\'re going to see higher interest rates."\nGrace says it\'s possible for bitcoin to end the year above $25,000, but in the immediate future it’s still a difficult market.\n“You’re gonna see a lot more volatility, a lot more chop before we get there,” he said.\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "+1.7%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "+0.1%", "DACS Sector": "Currency"}]\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22124.1%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "\\u22124.0%", "DACS Sector": "Currency"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22123.9%", "DACS Sector": "Smart Contract Platform"}]\nA Regulatory Cloud Is Forming Over the US\nThe U.S. Securities and Exchange Commission’s attack on crypto has continued for a second week. Just as Asia got to work on Monday,the Wall Street Journal had a bombshell: The SEC was going after Binance-branded stablecoin BUSD.\nGoing after BUSD might seem like a strange tactic to some observers. While the stablecoin wears Binance’s branding, it\'s issued by Paxos and regulated by the New York Department of Financial Services. As opposed to Tether,which fought in court to keep what’s backing USDT a secret, BUSD is the right way to do
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-14
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $419,773,498,175
- Hash Rate: 299757181.5196575
- Transaction Count: 302653.0
- Unique Addresses: 675701.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.50
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Crypto bank Silvergate Capital (SI) has cut 40% of its staff, or about 200 employees, the company said ina filing with the U.S. Securities and Exchange Commissionon Thursday, news that sent its shares down 46% to $11.76.
The bank has also halted its plans to launch a digital currency and has written off the $196 million related to its acquisition of the technology and assets of Diem Association from Facebook parent Meta Platforms (META). Diem, formerly called Libra, was Facebook's attempt to create a stablecoin, which is a cryptocurrency pegged to the U.S. dollar or other stable asset.
Diem hadsaid last Februarythat Silvergate would be buying its assets and technology.
“In response to the rapid changes in the digital asset industry during the fourth quarter, we took commensurate steps to ensure that we were maintaining cash liquidity in order to satisfy potential deposit outflows, and we currently maintain a cash position in excess of our digital asset-related deposits,” Silvergate CEO Alan Lane saidin a press release.
Macro headwinds and contagion from the collapse of crypto firms like Celsius Network and FTX led to a significant downturn in the industry last year. Some firms filed for bankruptcy, largely because of the poor performances of bitcoin (BTC) and ether (ETH), the two largest cryptocurrencies by market cap. Both fell by over 60% in 2022.
Still, the Silvergate Exchange Networkcontinued to operatewith an average daily trading volume of $1.3 billion in the fourth quarter, up from $1.2 billion in the third quarter.
The bank, however, witnessed an outflow of $8.1 billion in digital-asset deposits during the fourth quarter. To counter the outflows, Silvergate sold $5.2 billion of debt securities, incurring a loss of $718 million.
Deposits from customers declined to $3.8 billion in the fourth quarter from $11.9 billion in the third quarter.
"Digital asset industry gone under big shift. Significant overleverage has led to several high-profile bankruptcies and sparked crisis of confidence across industry. Many industry participants have shifted to risk-off," Lane said.
Read more:Silvergate Shares Drop to Fresh 2-Year Low Amid FTX Testimony
UPDATE (Jan. 5, 12:38 UTC):Updates share price. Adds context throughout.
UPDATE (Jan. 5, 15:42 UTC):Updates share price in headline and article. Adds quote from Silvergate CEO Alan Lane....
- Reddit Posts (Sample): [['u/iconicfuzzles', 'question about btc transfers', 12, '2023-02-14 01:08', 'https://www.reddit.com/r/BitcoinBeginners/comments/111oeoz/question_about_btc_transfers/', "So my boyfriend sent me about 3k in bitcoin this morning (which he purchased right before he sent to me) and it has only been plummeting since, so i've made no profit since he sent it to me. I was wondering if i sell it right now, given it has decreased in value, will i have to pay taxes on it? no right? cause i haven't gained any profit and nor has he cuz he just purchased that amount this morning and it has since decreased in value. please help! i want to sell because this money is for personal use and i don't have western union, so this was the only way to send me money. i am scared that if i sell it, i'll have to pay a ton of taxes in the future on it for selling. thanks!", 'https://www.reddit.com/r/BitcoinBeginners/comments/111oeoz/question_about_btc_transfers/', '111oeoz', [['u/Ezzmon', 12, '2023-02-14 01:51', 'https://www.reddit.com/r/BitcoinBeginners/comments/111oeoz/question_about_btc_transfers/j8fzv5q/', "By plummeting, do you mean staying basically the same as the last 3 weeks? Here's a tip; hold onto it. At some point, and yes for the unfamiliar it may seem like a long time, the price will skyrocket relative to it's current value.", '111oeoz'], ['u/MostBoringStan', 10, '2023-02-14 02:40', 'https://www.reddit.com/r/BitcoinBeginners/comments/111oeoz/question_about_btc_transfers/j8g66ug/', 'BTC is down about 0.07% in the past 24 hours. Not quite plummeting. If he bought it at the peak in the last 24 hours, it would be down 0.94%, so still far from a plummet.\n\nBut to answer your question, no, there would be no taxes to pay on a loss.', '111oeoz']]], ['u/Doe6', 'After 5 years of being a loyal customer to Coinbase only to get screwed over. Done with them.', 11, '2023-02-14 01:40', 'https://www.reddit.com/r/CoinBase/comments/111p44i/after_5_years_of_being_a_loyal_customer_to/', 'I urge EVERY Coinbase user to cancel and get their money out ASAP! I am currently having an issue with these fools. I have been using Coinbase since November 2017, haven\'t had a SINGLE issue until now. I convinced my father to buy a Bitcoin on January 20th, 2022. He didn\'t want to open a Coinbase account, so he just wrote me a check of $20,000. I deposit this money and the funds are available the next day. The next day, I purchase Bitcoin on my Coinbase account. Now, since 20,000 is a large amount, Chase needs to send a fraud alert to the account holder. My father hates phones, doesn\'t use them so everything is connected to my mother\'s phone. She barely speaks English, she\'s foreign. So she received the Chase Fraud Alert text and clicked "No" she thought it was some scam. She told my father, my father went to the bank and resolved it. Mind you, the 20,000 is already in Coinbase. So Monday, January 23rd, I get an email from Coinbase saying there was some suspicious activity. They\'re locking my account, I cannot make purchases and the money I deposited cannot be withdrawn for an entire month. They extended the time to withdraw funds for me as well. It is now Febuary 13th and I still cannot make purchases or withdraw from my Coinbase account. My money is just stuck in there. I\'ve contacted Coinbase several times, the agents are just worthless bots. I called them, they act like they are working hard and are urgently working on your case. They keep giving the same bot message that it can take up to 14 days, it\'s been way more than that. When is it acceptable to reach out to an attorney and sort this out? This is crazy. Case #14461019, 14362437,14363575,14470533. They keep giving new case numbers. I will call in again tomorrow and likely receive another.\n\n​\n\nEdit: First time I chatted with a Coinbase agent, they said up to a MAXIMUM of 6 days. 2nd time I talked to an agent they said up to 14 days, then I explained my first encounter, then switched it to another MAXIMUM of 6 days. The third time I spoke with an agent they said up to 14 days, they keep kicking it down the road. Is this acceptable?', 'https://www.reddit.com/r/CoinBase/comments/111p44i/after_5_years_of_being_a_loyal_customer_to/', '111p44i', [['u/Began2L8inlife', 14, '2023-02-14 03:12', 'https://www.reddit.com/r/CoinBase/comments/111p44i/after_5_years_of_being_a_loyal_customer_to/j8gacee/', "From my understanding you shouldn't keep opening new cases with them as it slows down the response to your original case number. May not be CB but rather your Chase Bank's fraud alert. It sounds like, and I mean no offense whatsoever, you should step in more to assist your father who hates and doesn't use phones and your mother who doesn't speak English well.\n\nHope it gets resolved soon for you. Good luck!!!", '111p44i'], ['u/pob125', 12, '2023-02-14 08:20', 'https://www.reddit.com/r/CoinBase/comments/111p44i/after_5_years_of_being_a_loyal_customer_to/j8h6g0k/', 'Your bank flagged it so coinbase had to flag it.coinbase not at fault here but rather the user.', '111p44i']]], ['u/[deleted]', 'This is BEFORE inflation surge in recent years 🔥', 108, '2023-02-14 02:21', 'https://www.reddit.com/r/economy/comments/111pzu3/this_is_before_inflation_surge_in_recent_years/', '\nMy takeaway: \nThe important shit (healthcare, tuition, even housing but to a lower degree) is skyrocketing, the necessities have been pretty level/stable, the bullshit (tvs,software,video games) are so cheap it’s almost like they want us to distract ourself in the magic light box and ignore the fact that we are getting price gouged. I could go on a whole rant but I’ll save that for now but that’s the gist of how I read this.\n\nI’d be totally cool with this thread turning into a discussion of why healthcare and/or college tuition has gotten so expensive - unrelated sidenote I thought was interesting - new cars have been relatively flat; that matches my experience at least pre-inflation eta that started in ‘21 so I believe it but just wonder why something like a car can predictable stay same price relatively while housing is increasing by 50+% (probably even more now this was when the economy was doing “well”..) I know those are two totally different things but both involve complex supply chain and “manufacturing” obstacles/problems so the main difference is the nature of the buyers market but I’ve already typed too much for this post\n\nMy goal for this post:\n-get other perspectives on what this data means\n-get other perspectives on (indirectly) related topics \n-aggregate source links to more recent versions of this same graph or similar (BLS was source on mine)\n-?\n\nI doubt anyone will read this but at the very least I’m saving the pic on reddits servers until i can save it on my main storage drive later 🕵️\u200d♂️👍\n\n*🔥 doesn’t mean the god kind of “lit” in the post title, this is of genuine concern to me (even if I’m not necessarily majorly affected by it; not yet at least) \n\nTLDR- \nIf you are interested in historical/current trends especially related to price changes and inflation:\n\nCheck the infographic, comment thoughts or updated links to similar date from reputable sources (please don’t just post a screenshot without a source somewhere attached to the comment) - OR provide insight on if you think this will began to improve at all in the near future under any major party leadership? (Republican rhetoric seems to be common sense good for economy, but as we saw under trump the modern R’s are divided on what fiscal conservatism or fiscal responsibility means (still can’t believe a trump era bill sent checks to everyone in America .. I can understand relief bills for those who got laid off or hours cut but no reason everyone I know (well over 50% were gainfully employed) should just get $1000+ checks. I cashed it don’t get me wrong lol but I felt like I didn’t deserve that financial aid and at a time when our future financial situation in US is a [messs](https://usdebtclock.org) it really was inexcusable. Again those who needed relief should have gotten some checks but it was really an economic stimulus check framed as relief for struggling Americans *eyeroll*', 'https://i.redd.it/cxokhl3kk3ia1.jpg', '111pzu3', [['u/whodo-i-thinkiam', 18, '2023-02-14 03:30', 'https://www.reddit.com/r/economy/comments/111pzu3/this_is_before_inflation_surge_in_recent_years/j8gcs7o/', "Inelastic goods inflate much more than elastic goods, because some things are much easier to live without than others. Living without a TV or a smart phone isn't nearly as difficult as living without shelter or some necessary medicine. If you're selling a medication that someone needs to stay alive, they'll likely pay whatever you're charging, if they're able.", '111pzu3']]], ['u/liveaskings', 'Where do you see the Market Cap reaching in 10 years?', 23, '2023-02-14 02:56', 'https://www.reddit.com/r/CryptoCurrency/comments/111qps4/where_do_you_see_the_market_cap_reaching_in_10/', 'As the title says, Where do you see the Market Cap reaching in 10 years? \n\nAfter this last bull run, we saw a lot of leading cryptocurrencies exploded in 2021, causing the global crypto market cap to hit a new record high.\n\nFrom what I could find and according to data from TradingPlatforms.com, the combined value of all crypto reached $2.43 trillion on November 14th when BTC hit $65,649. \n\nCurrent market cap has us at a $1.049 trillion. \n\nWhere do you see us reaching in the next decade? \n\nI have always heard people compare BTC with the market cap of gold, gold currently sits at a $12.289 trillion. Do you think that is achievable? \n\nLet me know your thoughts!', 'https://www.reddit.com/r/CryptoCurrency/comments/111qps4/where_do_you_see_the_market_cap_reaching_in_10/', '111qps4', [['u/Odlavso', 15, '2023-02-14 02:58', 'https://www.reddit.com/r/CryptoCurrency/comments/111qps4/where_do_you_see_the_market_cap_reaching_in_10/j8g8ma2/', 'US stock market marketcap is 40 tr...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
| |
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['In a Tuesday Senate Banking Committee hearing, members of Congress called for further regulation to protect investors and the U.S. financial system from failures related to the cryptocurrency industry. In opening remarks, Committee Chair Sen. Sherrod Brown (D-OH) lambasted industry firms and asked for the Committee to find common ground in order to pass cohesive legislation for crypto. "These crypto catastrophes have exposed what many of us already knew," Brown said. "Digital assets, cryptocurrencies, stablecoins, investment tokens are speculative products run by reckless companies ... that put Americans\' hard earned money at risk." Crypto\'s collapse last year put regulators and other industry firms on edge. Now, these parties are increasingly at odds. A wave of actions from U.S. regulators in recent weeks has signaled that state and federal agencies are ramping up enforcement efforts. Already in 2023, the Securities and Exchange Commission has levied four different charges against crypto firms. Industry insiders, on the other hand, repeatedly have argued that U.S. regulatory jurisdiction over cryptocurrencies and other digital assets remains murky, advocating a preference to be overseen by the Commodities and Futures Trading Commission (CFTC). In the last week, both Paxos and Coinbase have said they will defend their businesses in court against the SEC, if needed. Republican members of the Committee, Sens. Tim Scott (R-SC) and Thom Tillis (R-NC), placed blame on the SEC itself. Scott said the agency failed to take "meaningful preemptive action" before crypto\'s unwinding through the second half of last year. "If they have the tools they need. Were they just asleep at the wheel? ... Why aren\'t they here to tell us what they need? We\'d be happy to have chairman Gensler testify sooner, much sooner than later," Scott said. Senator Tim Scott, questions Treasury Secretary Janet Yellen during the Senate Banking, Housing, and Urban Affairs Committee hearing titled “The Financial Stability Oversight Council Annual Report to Congress,” in Dirksen Senate Office Building in Washington, D.C.,U.S., May 10, 2022. Tom Williams/Pool via REUTERS (POOL New / reuters) Sen. Elizabeth Warren (D-MA) also drove home the illicit use of crypto, pointing to the more than $20 billion in illicit flows moved through the crypto market last yea r. Story continues She took particular issue with decentralized finance, or DeFi, offerings, which are often more complicated to regulate than centralized firms. "They want a giant loophole written into the law so they can launder money whenever a drug lord or a terrorist pays them to do so," Warren said. "The rules should be simple. The same kind of transaction, same kind of risk needs the same kind of rules" Warren said, calling for more robust anti-money laundering requirements. Warren plans to reintroduce a bill with Sen. Roger Marshall (R-KS) to crack down on crypto money laundering. \' The status quo is simply untenable\' Lee Reiners, a policy director at the Duke Financial Economics Center testifying before the Committee said before congress that crypto platforms need to segregate customer and firm assets. He also said banking regulators need further guidance to prevent any potential financial contagion amongst crypto firms from spreading into the banking system. Federal agencies first set the tempo in Washington for crypto this year when, on Jan. 3, the Federal Reserve, Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Currency issued a joint statement warning of the risks assumed by banks that touch crypto activities. "Banking agencies have broad legal authority to prohibit banks from engaging in any activity that can\'t be conducted in a safe and sound manner," said Reiners, arguing that regulators can provide further guidance of which crypto activities banks should and shouldn\'t be able to do. A proponent for restricting banking system access for crypto firms, Reiners also underlined the legal dilemma with doing so. "As long as crypto is legal, you know, then these firms are entitled to banking services. So I think the challenge is where do you draw the line?" he added. "Whatever congress decides to do, the status quo is simply untenable," he added. Click here for the latest crypto news, updates, values, prices, and more related to Bitcoin, Ethereum, Dogecoin, DeFi and NFTs Read the latest financial and business news from Yahoo Finance Download the Yahoo Finance app for Apple or Android Follow Yahoo Finance on Twitter , Facebook , Instagram , Flipboard , LinkedIn , and YouTube', 'In a Tuesday Senate Banking Committee hearing, members of Congress called for further regulation to protect investors and the U.S. financial system from failures related to the cryptocurrency industry.\nIn opening remarks, Committee Chair Sen. Sherrod Brown (D-OH) lambasted industry firms and asked for the Committee to find common ground in order to pass cohesive legislation for crypto.\n"These crypto catastrophes have exposed what many of us already knew," Brown said. "Digital assets, cryptocurrencies, stablecoins, investment tokens are speculative products run by reckless companies ... that put Americans\' hard earned money at risk."\nCrypto\'s collapse last year put regulators and other industry firms on edge. Now, these parties are increasingly at odds.\nA wave ofactions from U.S. regulatorsin recent weeks has signaled that state and federal agencies are ramping up enforcement efforts. Already in 2023, the Securities and Exchange Commission has levied four different charges against crypto firms.\nIndustry insiders, on the other hand, repeatedly have argued that U.S. regulatory jurisdiction over cryptocurrencies and other digital assets remains murky, advocating a preference to be overseen by the Commodities and Futures Trading Commission (CFTC).\nIn the last week, bothPaxosandCoinbasehave said they will defend their businesses in court against the SEC, if needed.\nRepublican members of the Committee, Sens. Tim Scott (R-SC) and Thom Tillis (R-NC), placed blame on the SEC itself. Scott said the agency failed to take "meaningful preemptive action" before crypto\'s unwinding through the second half of last year.\n"If they have the tools they need. Were they just asleep at the wheel? ... Why aren\'t they here to tell us what they need? We\'d be happy to have chairman Gensler testify sooner, much sooner than later," Scott said.\nSen. Elizabeth Warren (D-MA) also drove home the illicit use of crypto, pointing to themore than $20 billion in illicit flows moved through the crypto market last year.\nShe took particular issue with decentralized finance, or DeFi, offerings, which are often more complicated to regulate than centralized firms.\n"They want a giant loophole written into the law so they can launder money whenever a drug lord or a terrorist pays them to do so," Warren said.\n"The rules should be simple. The same kind of transaction, same kind of risk needs the same kind of rules" Warren said, calling for more robust anti-money laundering requirements. Warren plans to reintroduce a bill with Sen. Roger Marshall (R-KS) to crack down on crypto money laundering.\nLee Reiners, a policy director at the Duke Financial Economics Center testifying before the Committee said before congress that crypto platforms need to segregate customer and firm assets. He also said banking regulators need further guidance to prevent any potential financial contagion amongst crypto firms from spreading into the banking system.\nFederal agencies first set the tempo in Washington for crypto this year when, on Jan. 3, the Federal Reserve, Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Currency issued ajoint statementwarning of the risks assumed by banks that touch crypto activities.\n"Banking agencies have broad legal authority to prohibit banks from engaging in any activity that can\'t be conducted in a safe and sound manner," said Reiners, arguing that regulators can provide further guidance of which crypto activities banks should and shouldn\'t be able to do.\nA proponent for restricting banking system access for crypto firms, Reiners also underlined the legal dilemma with doing so.\n"As long as crypto is legal, you know, then these firms are entitled to banking services. So I think the challenge is where do you draw the line?" he added.\n"Whatever congress decides to do, the status quo is simply untenable," he added.\nClick here for the latest crypto news, updates, values, prices, and more related to Bitcoin, Ethereum, Dogecoin, DeFi and NFTs\nRead the latest financial and business news from Yahoo Finance\nDownload the Yahoo Finance app forAppleorAndroid\nFollow Yahoo Finance onTwitter,Facebook,Instagram,Flipboard,LinkedIn, andYouTube', 'While the Securities and Exchange Commission’s lawsuit against Binance stablecoin issuer Paxos creeps forward, a growing list of crypto policies appear poised to be set in courtrooms. Even as those disputes play out, however, the stablecoin market seems to have already picked winners and losers. The industry has been operating for years without much of a regulatory framework in the U.S., leaving open questions about how staked crypto will be taxed , whether the Treasury Department can sanction an Ethereum mixer , or if Gemini’s Earn program should have been registered as a security . Now, in anticipation of a lawsuit from the SEC that asserts that Binance USD is an unregistered security, Paxos has stopped issuing BUSD tokens . It will, however, continue using the reserves backing the stablecoin to redeem them over the next year. Paxos Halts BUSD Minting as SEC Prepares Lawsuit But Paxos is still gearing up to fight the SEC’s claim . “Paxos categorically disagrees with the SEC staff because BUSD is not a security under the federal securities laws,” the company said Monday in a statement. “To be clear, there are unequivocally no
**Last 60 Days of Bitcoin's Closing Prices:**
[]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-15
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $440,199,008,888
- Hash Rate: 317275458.3617154
- Transaction Count: 325460.0
- Unique Addresses: 723537.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.53
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: This article is part of a new series from ETF.com highlighting financial advisors.
Samuel Deane is founder and CEO of Deane Wealth Management, which focuses exclusively on clients working in the technology sector. It’s a younger demographic, and his practice is designed to meet their specific needs. Here, he speaks with ETF.com about what sets his business apart.
ETF.com: Tell us about Deane Wealth Management and what makes it unique.
Samuel Deane:As of today, we're at around $6.5 million in assets under management. In terms of my client base, I work exclusively with the tech community. Most of my clients are at pre-IPO startups.
Most of them are software engineers, designers, a few folks in sales and marketing, and so forth, but for the most part, they're mostly entry IPO startups.
I [also] have quite a few clients at big tech companies like Google, Microsoft and so forth, and then a decent amount at the newly public companies like Coinbase, Squarespace and Uber. Most of them are millennials. My youngest client is 27, and my oldest client is about 43. It's a bit of a younger demographic than a traditional retiree.
ETF.com: Does having a client base in the technology field affect how you manage their portfolios?
Deane:Yes, to some extent. I have three main strategies I use within my firm. For clients that are maybe rolling over their 401(k)s or are starting from scratch and really building their portfolio from nothing, 99% of the time we’re doing a simple five-ETF portfolio where we're using ETFs to give them global diversification. There's some home country bias in that the majority of that ETF portfolio is in U.S. stocks.
We tilt to small cap value. We also have exposure to developed markets and emerging markets, as well as a little bit of real estate. That's as simple as it gets in terms of the ETF portfolio.
For clients that have maybe about a quarter million dollars or more, we've recently implemented a direct indexing strategy where we have a third-party asset manager to implement that strategy. We have pretty much all the control to give them exposure to different areas of the market. I think that really comes in handy when you have a client with a ton of Twilio stock, for example. We can sort of adjust our exposures to tech using the direct indexing strategy.
Another good value add [from] the direct indexing strategy is that we have more control over losses compared to ETFs and mutual funds. We're really focusing on tax loss harvesting and tax loss harvesting optimization there.
The last strategy is covered call options, where we’ll write covered call options for clients where it makes sense. If I have a client that’s a bit hesitant on selling their stock outright, for one reason or another, we can write covered call options contracts.
The last two [strategies] that I mentioned, direct indexing and covered calls, [apply to] relatively few [clients]. I don't think any of my clients have any fixed income exposure because they're all relatively young and don't plan on retiring anytime soon. Most of my portfolios, if not all of them, are 100% equity.
With both the direct indexing and the covered call strategy, we're leveraging a third-party asset manager to implement those strategies for our clients.
ETF.com: Do you have any “go to” ETFs?
Deane:I feel like you can't really go wrong with Vanguard. Three out of the five funds that I use are the Vanguard fundsVTI,VWOandVEA. I don't think there’s a money manager that will be too surprised at that. But another ETF company that I really like is Avantis. We use their small cap value fund,AVUV, and their REITs fund,AVRE, as part of our portfolio.
ETF.com: Do you get a lot of questions about cryptocurrency given your clients are mostly working in the technology sector?
Deane:I used to, but I can't say that's the case today, considering that no one wants to talk about crypto. The asset class has pretty much had a deep discount, [which is] when folks should be buying. Everyone wants to talk about it when valuations are [high]—typical human psychology there.
If I'm working with younger folks who grew up as digital natives with mobile devices and screens in front of them, I think it's only natural for them to navigate to crypto or at least to have some level of exposure to crypto.
From my experience, most of the folks I'm working with who are invested in crypto assets, they're not necessarily coming to me for exposure. They're more or less doing these things on their own and just letting me know what's going on so that we're all on the same page. Then I can look out for things that they may not necessarily be paying attention to.
But for the most part, if a client has crypto, they're managing it on their own. They're making decisions on their own and just keeping me in the loop.
However, I do have one client that is fairly young. She's in her early 30s. [She said], “I know I want exposure to crypto, but I don't want to actively manage it. I don't want to actively do anything with it. Can you do that for me?” So I do have one client where I have to have a crypto brokerage account where I am making decisions on her behalf. That is far from the norm.
There’s a company called OnRamp Invest. It doesn’t have to be complex. OnRamp has model portfolios, such that we can set an allocation to 60% bitcoin, 40% ether and it'll automatically rebalance on its own, where there's literally nothing that I need to do.
We consider rebalancing frequency—monthly, quarterly—and whenever the model deviates from its allocation by anything more than 20%, [it will] automatically rebalance.
Contact Heather Bell at [email protected]
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Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
| |
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['TORONTO, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Purpose Investments Inc. (“Purpose”) is pleased to announce distributions for the month of February 2023 for its open-end exchange-traded funds and closed-end funds (“the Funds”).\nThe ex-distribution date for all ETFs is February 23, 2023, with the exception of Purpose Bitcoin Yield ETF and Purpose Ether Yield ETF, which will have an ex-distribution date of February 24, 2023, as well as Purpose High Interest Savings Fund and Purpose US Cash Fund, which have an ex-distribution date of February 27, 2023. The ex-distribution date for all closed-end funds is February 27, 2023.\n[{"Open-End Funds": "Purpose Core Dividend Fund - ETF Series", "TickerSymbol": "PDF", "Distributionper share/unit": "$ 0.10501", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Enhanced Dividend Fund \\u2013 ETF Series", "TickerSymbol": "PDIV", "Distributionper share/unit": "$ 0.09501", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Total Return Bond Fund - ETF Series", "TickerSymbol": "PBD", "Distributionper share/unit": "$ 0.05901", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Real Estate Income Fund \\u2013 ETF Series", "TickerSymbol": "PHR", "Distributionper share/unit": "$ 0.07201", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Monthly Income Fund - ETF Series", "TickerSymbol": "PIN", "Distributionper share/unit": "$ 0.08301", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Premium Yield Fund \\u2013 ETF Series", "TickerSymbol": "PYF", "Distributionper share/unit": "$ 0.11001", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Premium Yield Fund Non-Currency Hedged USD \\u2013 ETF Series", "TickerSymbol": "PYF.U", "Distributionper share/unit": "US $ 0.16501", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Premium Yield Fund Non-Currency Hedged \\u2013 ETF Series", "TickerSymbol": "PYF.B", "Distributionper share/unit": "$ 0.12301", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Canadian Financial Income Fund \\u2013 ETF Series", "TickerSymbol": "BNC", "Distributionper share/unit": "$ 0.10251", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Conservative Income Fund \\u2013 ETF Series", "TickerSymbol": "PRP", "Distributionper share/unit": "$ 0.06001", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Enhanced Premium Yield Fund \\u2013 ETF Series", "TickerSymbol": "PAYF", "Distributionper share/unit": "$ 0.13751", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose International Dividend Fund \\u2013 ETF Units", "TickerSymbol": "PID", "Distributionper share/unit": "$ 0.0780", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose US Dividend Fund \\u2013 ETF Units", "TickerSymbol": "PUD", "Distributionper share/unit": "$ 0.0650", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose US Dividend Fund Non-Currency Hedged \\u2013 ETF Units", "TickerSymbol": "PUD.B", "Distributionper share/unit": "$ 0.0760", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Global Bond Fund \\u2013 ETF Units", "TickerSymbol": "BND", "Distributionper share/unit": "$ 0.0665", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose High Interest Savings Fund \\u2013 ETF Units", "TickerSymbol": "PSA", "Distributionper share/unit": "$ 0.2055", "Record Date": "02/27/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose US Cash Fund \\u2013 ETF Units", "TickerSymbol": "PSU.U", "Distributionper share/unit": "US$ 0.4015", "Record Date": "02/27/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Strategic Yield Fund \\u2013 ETF Units", "TickerSymbol": "SYLD", "Distributionper share/unit": "$ 0.0970", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Multi-Asset Income Fund \\u2013 ETF Units", "TickerSymbol": "PINC", "Distributionper share/unit": "$ 0.0840", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Global Bond Class \\u2013 ETF Units", "TickerSymbol": "IGB", "Distributionper share/unit": "$ 0.06781", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Canadian Preferred Share Fund \\u2013 ETF Units", "TickerSymbol": "RPS", "Distributionper share/unit": "$ 0.0950", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Core Equity Income Fund \\u2013 ETF Series", "TickerSymbol": "RDE", "Distributionper share/unit": "$ 0.08001", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose US Preferred Share Fund \\u2013 ETF Units", "TickerSymbol": "RPU", "Distributionper share/unit": "$ 0.0940", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose US Preferred Share Fund Non-Currency Hedged \\u2013 ETF Units2", "TickerSymbol": "RPU.B / RPU.U", "Distributionper share/unit": "$ 0.0940", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Emerging Markets Dividend Fund \\u2013 ETF Units", "TickerSymbol": "REM", "Distributionper share/unit": "$ 0.0950", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Global Flexible Credit Fund \\u2013 ETF Units", "TickerSymbol": "FLX", "Distributionper share/unit": "$ 0.0297", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Global Flexible Credit Fund - Non-Currency Hedged USD \\u2013 ETF Units", "TickerSymbol": "FLX.U", "Distributionper share/unit": "US$ 0.0375", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Global Flexible Credit Fund - Non-Currency Hedged \\u2013 ETF Units", "TickerSymbol": "FLX.B", "Distributionper share/unit": "$ 0.0365", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Black Diamond Global Equity Fund \\u2013 ETF Units", "TickerSymbol": "BDEQ", "Distributionper share/unit": "$ 0.0112", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Black Diamond Distressed Opportunities Fund \\u2013 ETF Units", "TickerSymbol": "BDOP", "Distributionper share/unit": "$ 0.0075", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Credit Opportunities Fund \\u2013 ETF Units", "TickerSymbol": "CROP", "Distributionper share/unit": "$ 0.0875", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Credit Opportunities Fund \\u2013 ETF USD Units", "TickerSymbol": "CROP.U", "Distributionper share/unit": "$ 0.0975", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Bitcoin Yield ETF \\u2013 ETF Units", "TickerSymbol": "BTCY", "Distributionper share/unit": "$ 0.0210", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Bitcoin Yield ETF \\u2013 ETF Non-Currency hedged Units", "TickerSymbol": "BTCY.B", "Distributionper share/unit": "$ 0.0235", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Bitcoin Yield ETF \\u2013 ETF Units Non-Currency Hedged USD Units", "TickerSymbol": "BTCY.U", "Distributionper share/unit": "US$ 0.0280", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Ether Yield ETF \\u2013 ETF Units", "TickerSymbol": "ETHY", "Distributionper share/unit": "$ 0.0210", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Ether Yield ETF \\u2013 ETF Non-Currency hedged Units", "TickerSymbol": "ETHY.B", "Distributionper share/unit": "$ 0.0250", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Ether Yield ETF \\u2013 ETF Units Non-Currency Hedged USD Units", "TickerSymbol": "ETHY.U", "Distributionper share/unit": "US$ 0.0275", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequency": "Monthly"}, {"Open-End Funds": "Purpose Healthcare Innovation Yield ETF \\u2013 ETF Units", "TickerSymbol": "HEAL", "Distributionper share/unit": "$ 0.1330", "Record Date": "02/24/2023", "Payable Date": "03/07/2023", "Distribution Frequenc
**Last 60 Days of Bitcoin's Closing Prices:**
[]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-16
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $475,425,231,519
- Hash Rate: 348419061.63648504
- Transaction Count: 344711.0
- Unique Addresses: 759215.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.62
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: LOS ANGELES, Jan. 11, 2023 (GLOBE NEWSWIRE) -- via CryptoCurrencyWire -- Quantum Events (“Quantum”), the world’s premier conference production company, will host their flagship Web3 and Blockchain Conference,Quantum Miami, in a hybrid format at the James L. Knight Center in Miami, Florida, on Jan. 25 – 27, 2023.
Quantum Events, the team behind the production of world-renowned conferences such asThe North American Bitcoin Conference 2022 (BTC Miami)andFantom DC, bring together education, inspiration, community, fun and culture – all under one roof.
As a leading incubator of real blockchain projects, Quantum has facilitated several launches of disruptive enterprises and attracted deal flows in excess of half a billion dollars while driving greater collaboration among sector professionals.
Quantum Miamiis the three-day flagship event of the Miami Blockchain Week, where a multitude of marquee brands, well-established and highly disruptive companies, adaptive government agencies and industry innovators will be in attendance. The event is precisely curated to optimize networking with peers while maximizing business efficiency and enabling collaborative learning.
The highly acclaimed platform will play host to the world’s most brilliant crypto investors, blockchain pioneers and sector revolutionaries who will each offer their invaluable insights on a wide spectrum of issues related to the crypto-verse and Web3 technologies, including key trends and the latest in cutting-edge technologies.
The agenda will be jam-packed with thought-provoking conversations and critical debates, in a variety of interactive formats including panels, keynotes, demos and activations on the issues that matter most to you.
Industry veterans will further the global discussion on:
1. New Investment Models, to build wealth in bear markets and crypto-winter-proof your assets.
2. New Protection Strategies, during which the world’s foremost authorities will discuss the implications of new legal frameworks and tax regulations for the preservation of your profits.
3. Industry Breakthrough, where pioneers with expertise in projects with global scopes will share actionable insights on investments, business strategies and lifestyle management.
Nearly 100 industry luminaries including renowned thought leaders such as Andre Cronje and Michael Kong of Fantom Foundation; Harry Yeh, managing director of Quantum Fintech Group; Francis X. Suarez, mayor of Miami; and Limaris Torres, security advisor at Halborn. The speakers will offer their invaluable expertise on prevailing trends, future scenarios and unmissable opportunities.
Scheduled networking opportunities will includeHyper NetworkingandRolodex Buildingsessions; specialist workshops in NFT building and in moving to Web3; on-site podcasts by well-known content creators such as Crypto Banter, Paul Barron and Grit Daily; The Charlie Shrem Show; Blockbytes Live and a book signing session with Ben ‘Bitboy’ Armstrong.
The conference will also host a highly anticipatedShark Tank-style startup pitch contest that will feature budding entrepreneurs from the world of crypto, blockchain and web3 startup enterprises.
Attendees will have plentiful meet-and-greet opportunities in a relaxed environment integrating next-level learning, networking and partying in a seamless world-class experience. Opportunities to connect will include theHavana NightsKick-off Bash,Enjoy Lif3Party, and live music featuring foot-tapping tunes by DJ Joolia, Ramades and Juju.
Quantum Miamiprovides a plethora of opportunities to forge lifelong networks, explore potential avenues for collaboration and create lasting memories while immersed in an enthralling and exciting environment in beautiful Miami.
For more information on the conference, visithttp://quantummiami.com
To register for your own Virtual Pass, All Access Pass or VIP Pass, visithttp://quantummiami.com/register
For Media Inquiries, Sponsorship Inquiries or other queries, contact us at:http://quantummiami.com/contact
About Quantum Events
Quantum Events is the world’s premier conference production company, bringing together education, inspiration, community, fun, and culture – all in one place.
We offer a platform for the pioneers who risk more than others think is safe and the revolutionaries who dream bigger than others think is practical. We unite rebels, thought leaders, and revolutionaries to discuss, debate, disrupt, and define the future of entire industries.
The people and projects doing their part to dent the universe will always have a home on our stage, in our spotlight, and in our audience. We are 100% committed to providing the platform for people and projects that are shaping the future of the entire web3 ecosystem. We do this by focusing on three Quantum factors
• Quantum Size– People & projects responsible for global disruption
• Quantum Speed– People & projects exploding into the industry with significant velocity
• Quantum Entanglement– People & projects inseparably enmeshed in the ecosystem
The secret to Quantum’s ongoing success is our unwavering focus on:
• Providingworld-class events, filled with fun, education, and inspiration
• Connecting the right people to makeimpactful deals
• Bringing together the best minds forpushing entire ecosystems forward
• Facilitating valuable meetings for our sponsors, resulting in apositive ROI
• Showcasingnew innovative projectsresponsible for evolving industries
• Crafting serendipity aimed atgrowing relationships, businesses, and knowledge
There's just something about our events that attract the most successful industry brands, serious investors, and super-engaged attendees, year after year.
Maybe it's the fact that we’re the most premium and award-winning conference in the space.
Maybe it’s because we’re passionate about running Just, Equal, Diverse, and Inclusive events that truly represent and mirror the communities we provide platforms for.
Maybe it’s because we curate only top speakers and brands of relevance for today’s landscape.
Whatever the reason, we continue to expand, we continue to reflect what’s happening today, and we continue to bringglobalcommunities together to givevisionto tomorrow.
Corporate CommunicationsIBN (InvestorBrandNetwork)Los Angeles, Californiawww.InvestorBrandNetwork.com310.299.1717 [email protected]
Wire Service ContactCryptoCurrencyWire (CCW)New York, New Yorkwww.CryptoCurrencyWire.com212.994.9818 [email protected]...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
| |
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin shifted from flying high above $25K to sinking to $23.6K over the course of Thursday.\nInsights:Alameda Research ranked among the crypto industry\'s largest market makers. Its collapse with its parent company FTX, has increasingly prompted startups to postpone their token launches.\nBitcoin Soars Early Past $25K, Tumbles Late Below $23.5K\nCoinDesk Market Index (CMI)\n1,098\n−38.8▼3.4%\nBitcoin (BTC)\n$23,618\n−1187.6▼4.8%\nEthereum (ETH)\n$1,646\n−54.5▼3.2%\nS&P 500\n4,090.41\n−57.2▼1.4%\nGold\n$1,842\n+8.2▲0.4%\nNikkei 225\n27,696.44\n+194.6▲0.7%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin was rising again Thursday and then it wasn\'t as investors seemed to have second thoughts about persnickety inflation, Federal Reserve monetary policy and crypto industry woes.\nThe largest digital asset by market capitalization was recently trading at about $23,618, down 4.8% over the past 24 hours and well off its high earlier in the day above $25,100. That mark represented BTC\'s first sojourn above $25,000 since August, reflecting rising optimism about inflation and the economy. But both seemed to vanish in the space of a few hours as an unexpected 0.7% month-over-month spike in January\'s producer price index (PPI) suggested that the U.S. central bank monetary had not yet succeeded in taming price increases that have bedeviled the economy for more than a year.\nIndustry-specific problems during the day also offered a reminder that crypto itself remained on rocky ground as investment bank D.A. Davidson analyst Chris BrendlerdowngradedCoinbase (COIN) to neutral from buy; a New York judge overseeing the criminal fraud case of Sam-Bankman Friedwarnedhe might revoke the bond of the former CEO of disgraced crypto exchange FTX if Bankman-Fried continued to defy bail conditions; and decentralized finance (DeFi) protocol Platypus Financesuffereda flash-loan attack with a potential loss of $8.5 million.\nOther cryptos turn red\nEther followed a similar path to BTC, rising well above $1,700 for the second consecutive day before retreating. The second largest crypto by market capitalization was recently changing hands at about $1,650, down more than a percentage point. Other major cryptos also seesawed with APT, the token of layer 1 protocol Aptos, recently sinking 7.9% after rising more than 9% earlier in the day. MATIC, the native crypto of layer 2 blockchain Polygon Network was up over 6.3%, despite paring gains from earlier. Popular meme coins DOGE and SHIB were both firmly in the red a day after rising handsomely.\nTheCoinDesk Market Index, a measure of overall crypto markets\' performance, was recently down about 3.8% after spending much of the previous 36 hours in the green.\nEquity markets, meanwhile, flinched at the PPI data with the tech-heavy Nasdaq, the S&P 500 and Dow Jones Industrial Average (DJIA) all declining well over a percentage point. Investors remain wary about a strong employment market, an inflationary sign suggesting that economic growth remains solid.\nStill, the recent crypto rally has a number of analysts feeling optimistic about prices. "The [consumer price index] in the U.S. has been playing a less-influential role as more evidence shows inflation has proven to be stubborn to tackle, and investors are adapting and cautiously getting into risky assets as a way of coping mechanism," Adrian Wang, founder and CEO at digital assets wealth management company Metalpha Limited, said prior to the Thursday downturn.\n"We can expect the market going more bullish ahead," he said.\nAnd Darius Tabatabai, the co-founder of Vertex Protocol, a London-based decentralized exchange, said that crypto markets seemed willing to move past the industry\'s myriad problems. "The news that the [Securities and Exchange Commission] was investigating [stablecoin] BUSD earlier this week led to some pullback in prices, but with the market seeming to slowly shrug off the news and retail sales data hinting at a soft landing for inflation, and we may have the makings of another bull market," Tabatabai said.\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+4.1%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "+1.1%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22128.3%", "DACS Sector": "Entertainment"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22127.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Shiba Inu", "Ticker": "SHIB", "Returns": "\\u22126.8%", "DACS Sector": "Currency"}]\nAlameda Research\'s Contagion Effects Linger as Startups Postpone Their Token Launches\nThe crypto market is struggling with an "Alameda gap," with several projects postponing their token launch plans because of a lack of liquidity despite surging bitcoin (BTC) and ether (ETH) prices.\nData from crypto price tracking platform CoinMarketCap shows that new coin applications fell throughout 2022, from 10,264 in the first quarter to 6,350 in the fourth. The drop accelerated toward year\'s end after crypto exchange FTX and its sister concern Alameda Research collapsed in November. Before going bust, Alameda was one of the largest market makers, providing billions of dollars of liquidity to large-cap and small-cap tokens.\nYear to date, the figure is just 3,000 applications.\n“Post-FTX we have seen liquidity dry as up to 50% on major coins,” Guilhem Chaumont, CEO of Paris-based market maker and brokerage Flowdesk, said in an email. “On smaller market caps, the liquidity reduction has been even worse because Alameda has closed all their support for token issuers and other big market makers have reduced their exposure and activity.”\nChaumont said he is advising projects to postpone by three to six months. Flowdesk expects the bear market to be around for another 12 to 18 months.\nLast month, the recently decentralized exchange dYdX said it was planning todelay its token unlock, which would release more than 150 million tokens to early investors and founders, to December 2023 with hopes that the market will have recovered by then. People familiar with the matter say it is because of concern over market liquidity.\nLiquidity in bitcoin and ether markets as measured by the 2% market depth has dried up since Alameda went down, making it harder for traders to execute big orders without affecting the market price and for projects to issue new tokens.\nThe 2% depth represents a collection of the buy and sell orders within 2% of the mid-price – the average of the bid and the ask/offer prices being quoted at a given time. Data tracked by Paris-based Kaiko show the 2% market depth for BTC fell to less than 8,000 BTC in January even as the cryptocurrency rallied over 40%.\n“Crypto liquidity is dominated by just a handful of trading firms, including Wintermute, Amber Group, B2C2, [CoinDesk sister company] Genesis, Cumberland and (the now-defunct) Alameda. With the loss of one of the largest market makers, we can expect a significant drop in liquidity, which we will call the “Alameda Gap,” Kaiko wrote in a November briefing note.\nData from Arkham Intelligence shows that balances at key market makers have dropped. Cumberland currently has a balance of $75 million, down from around $220 million in early December; Wintermute has $122 million, compared with $1.7 billion last February and $4 billion at the end of October 2021, when the bull market reached its peak.\nAmber Group, which jettisoned a sponsorship deal with U.K. soccer team Chelsea in December, has been throughmultiple roundsoflayoffs. Arkham says it currently has a balance of $92 million, down from a peak of about $350 million in mid-2022.\nThis isn\'t necessarily a bad thing, said March Zheng, the co-founder and managing partner of Bizantine Capital.\n“Crypto markets are cyclical in nature, but it needs stress test conditions like the last few months to prove its resiliency for the long term,” he told CoinDesk in a note. “New token issuance activity has been down, but it gives more opportunity for incumbent and top projects.”\nZheng points todevelopments in Hong Kongasbullish sentimentsfor the market.\nMeanwhile, the market continues to rally, with bitcoinpushing past $24.5Kduring Asian business hours Thursday while shorts were hit withconsiderable liquidation losses.\nBlockchain Fest 2023(Singapore)\nEuropean Blockchain Convention 2023(Barcelona)\nH1HKT/SGT(UTC):China foreign direct investment(Jan./YoY)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Surges to Highest Level Since August; Sam Bankman-Fried\'s Bond Co-Signers Revealed\nBitcoin was just shy of $25,000, hitting its strongest level since Aug. 15. Digital asset strategist Joe Orsini shared his market reaction. Plus, prosecutors asked a judge to modify the terms of FTX founder Sam Bankman-Fried\'s release on bond to ban him from using cellphones or the internet except under very specific conditions. Securities Lawyer James Murphy weighed in after Bankman-Fried\'s bond co-signers are revealed.\nBUSD Drama Sets Stage for Stablecoin Market Reshuffling:Binance’s bet on its BUSD stablecoin could backfire into a revamping of who’s winning in crypto’s dollar-pegged token markets.\nCrypto Miner CleanSpark Extends Bear-Market Strategy, Buying 20K of Bitmain\'s Newest Rigs:The Bitmain Antminer S19j Pro+ machines will increase CleanSpark\'s computing power by 37%.\nOnly 31% of Staked Ether May Be Profitable, Binance Research:Around 2 million ETH were staked when prices were in the range of $400 to $600. These stakers are some of the strongest Ethereum believers, according to Binance Research.\nCrypto Startups Are Increasingly Postponing Token Launch Plans as Alameda Research\'s Contagion Effects Linger:Data from CoinMarketCa
**Last 60 Days of Bitcoin's Closing Prices:**
[]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-17
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $456,034,993,444
- Hash Rate: 321168408.7710616
- Transaction Count: 321260.0
- Unique Addresses: 716489.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.61
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Singapore, SG --News Direct-- AAG Web3 infrastructure company AAG has officially launched its flagship product - the MetaOne ® Wallet . In order to simplify and ease the onboarding of new users into the Metaverse economy, the MetaOne Wallet gets rid of the requirement for users to remember or safely store their private keys and seed phrases. Further user friendly features include fiat on-ramps provided by industry giants Coinbase Pay and Simplex, an integrated decentralized application (dApp) marketplace serving only approved dApps, and AAG’s own educational AAG Academy. With the AAG team rolling out support for multiple blockchains in the coming weeks and the AAG Academy spearheading the efforts to raise awareness about crypto and Web3, MetaOne intends to play a vital role in helping drive the mainstream use and acceptance of Web3 primitives. “I truly believe MetaOne will be a game-changer for both consumers and businesses. When businesses are able to provide a more seamless onboarding experience and consumers can feel safe to enter and discover what they can do with Web3, we will be able to take a giant leap toward mainstream adoption.” said Jack Vinijtrongjit, Co-Founder and CEO of AAG. The central focus of the MetaOne Wallet is to simplify the user experience, enabling everyone to start their Web3 and crypto journey. Strategically designed to suit the needs of both beginners and experienced users, MetaOne makes it easy to acquire, monitor, and manage a wide range of digital assets and NFTs. Moreover, Simplex and Coinbase Pay integrations assure users can purchase their first digital assets through secure and tested fiat-based payment methods. To shorten the wallet learning curve, MetaOne eliminates the need for users to remember their private keys and seed phrases. Instead, users can log into their wallets via several different alternatives, including email and password, as well as a device’s passcode and biometrics. The AAG team has placed substantial emphasis on the safety, security, and efficiency of the MetaOne Wallet. Built on top of AAG’s scam detector software, MetaOne Wallet can detect and mitigate potential scams from malicious smart contracts and bad actors. The MetaOne Wallet also has a built-in feature that warns users of common mistakes, allowing them to double-check before committing to a transaction. Story continues The MetaOne Wallet features an integrated dApp store, the MetaOne dApp Store, offering more than 1,100 dApps across several categories. Each dApp is individually verified for quality and safety to guarantee users’ safety from scams and rug pulls. Developers can also contribute to the ecosystem, leveraging the MetaOne API to provide newer experiences for users, such as requesting access to move assets cross-chain and cross-wallet without requiring users to bridge or move all digital assets into the same wallet. At launch the MetaOne wallet will be able to support tokens & NFTs from 5 blockchains: Bitcoin, Ethereum, Polygon, Harmony, BNB Chain - with many more set to be added in 2023. AAG CEO Jack Vinijtrongjit will be hosting an AMA on 11th January at 11am UTC to answer questions about the AAG product ecosystem. Register Here . About AAG AAG is a web3 infrastructure company focusing on providing software that helps simplify interactions with blockchain applications and the Metaverse for mainstream users and traditional companies. AAG provides a secure and easy-to-use MetaOne® wallet, as well as infrastructure software, such as a cross-chain search engine and GameFi SDK for enterprise companies. With the belief that education is the key to unlock the potential of web3, AAG is also exploring the concept of Learn-and-Earn with the mission of enabling economic opportunities worldwide via the Metaverse economy. AAG aims to bring 1 billion people into the Metaverse economy by 2030. For more information about AAG, visit: AAG Linktree Contact Details Dan Horowitz [email protected] View source version on newsdirect.com: https://newsdirect.com/news/aag-introduces-metaone-wallet-to-simplify-and-streamline-the-web3-user-experience-892567796...
- Reddit Posts (Sample): [['u/anyemptyplace', 'More information on the merger: HUT 8 Corp. files S-4 form - it includes financial info and hash-rate/bitcoin mined numbers for the merger company: U.S. Bitcoin.', 14, '2023-02-17 00:13', 'https://www.reddit.com/r/hut8/comments/11445qq/more_information_on_the_merger_hut_8_corp_files/', "[Here](https://www.sec.gov/Archives/edgar/data/1964789/000110465923019807/tm235928-1_s4.htm#) is a link to the filing.\n\nIncludes some important information on getting an idea of what kind of company USBTC is in terms of debt, cash, bitcoin mined numbers, stack, etc...\n\n[Here's](https://i.imgur.com/90dcfa4.png) an interesting little sample...", 'https://www.reddit.com/r/hut8/comments/11445qq/more_information_on_the_merger_hut_8_corp_files/', '11445qq', [['u/coffeepoop101', 11, '2023-02-17 00:42', 'https://www.reddit.com/r/hut8/comments/11445qq/more_information_on_the_merger_hut_8_corp_files/j8u6udw/', 'So USBTC has no btc holdings, no cash and a shit ton of debt. Nice....', '11445qq'], ['u/coffeepoop101', 15, '2023-02-17 01:12', 'https://www.reddit.com/r/hut8/comments/11445qq/more_information_on_the_merger_hut_8_corp_files/j8ub2u4/', "I went straight for the balance sheet and income statement so can't provide any more info than that. Basically USBTC mines roughly 200 BTC a month but sells it all so they have 26 BTC stacked as of Jan 31st. 5M cash left and 160M of debt. They're basically Hut8 but with a shitty balance sheet. I have no idea how they came to the conclusion of a 50/50 merger of equals...", '11445qq'], ['u/Federal-Donut', 10, '2023-02-17 01:19', 'https://www.reddit.com/r/hut8/comments/11445qq/more_information_on_the_merger_hut_8_corp_files/j8uc2om/', "I agree, I don't understand why it's a merger of equals. They need HUT to survive.", '11445qq']]], ['u/slvbtc', 'What is to stop Visa or Mastercard from getting into lightning?', 10, '2023-02-17 03:09', 'https://www.reddit.com/r/Bitcoin/comments/1147w6l/what_is_to_stop_visa_or_mastercard_from_getting/', 'Visa and Mastercard are just payment processors, they help merchants accept money from customer bank accounts by using card credentials to verify money flows from a customers bank account to a merchants bank account. When you buy something they take your card details and move money from your account to the merchants account.\n\nVisa and Mastercard could very easily add a lightning invoice option next to their card credential option. They would take money in the form of data (satoshis) instantly and directly, then use their global forex infrastructure to turn those sats into the local currency and deposit that currency into the merchants bank account. This could be done with in-house infrastructure or simply through partnerships and APIs with companies like strike.\n\nIf Visa and Mastercard do nothing they will become exceedingly irrellevant as digital currency payments start to dominate global commerce. But if they integrate lightning payments now they may end up becoming the worlds largest facilitator of lightning payments allowing them to remain relevant. With their already established global reach they could incorporate lightning payments, turn on that capability and overnight 99.9% of merchants on earth would be accepting lightning through their POS terminals and online checkouts without even knowing it, the merchants would just continue to recieve dollars in their bank account as per usual.\n\nThere should not be too much of an issue with AML and KYC for accepting sats and if there is there should be a smaller amount that is exempt from these regulations. For example if your purchase is over $1000 you cant use lightning because identity and origin of funds are unknown but for anything under $1000 people are free to pay with lightning without any party having to worry about any type of regulatory friction. This payment size limit would also tie into the diminimis use exemption for taxes that some US politicans are working on that would allow smaller transactions under $1000 to be free from capital gains tax and record keeping requirements.\n\nIt seems to me like Visa and Mastercard as the worlds globally dominant payment processors need to figure out how to accept lightning invoices alongside card credentials in order to remain relevant. Otherwise as time passes and the world integrates lightning into cashapp twitter nostr paypal and all neo banking apps while Visa and Mastercard do not adapt the world will simply start using lightning more and more while using their cards less and less until Visa and Mastercard are as irrelevant as telephone booths.\n\nVisa and Mastercard need to figure out how to integrate accepting lightning invoices alongside card credentials. Its possible to do and they will do it, its just a question of how long it takes them to adapt to the modern world. Its even highly likely they already have plans in the works for this type of integration. Afterall if the world wants to use lightning and Visa and Mastercard do not process those payments for merchants then they risk going out of business all together over the coming decade.\n\nVisa and Mastercard processing lightning payments for merchants is just a matter of time. I know people here do not like the idea of Visa and Mastercard doing this and they think merchants should just accept sats directly, but if Visa and Mastercard do integrate lightning payment processing for merchants then that drives adoption beyond belief. All of a sudden every bank on earth will be under pressure to allow customers to pay via lightning invoices from their banking apps, and every bitcoiner with a lightning wallet would be able to pay any merchant on earth. This one move by Visa and Mastercard would make bitcoin and lightning the worlds global payment infrastructure overnight!', 'https://www.reddit.com/r/Bitcoin/comments/1147w6l/what_is_to_stop_visa_or_mastercard_from_getting/', '1147w6l', [['u/Umpire_State_Bldg', 11, '2023-02-17 03:27', 'https://www.reddit.com/r/Bitcoin/comments/1147w6l/what_is_to_stop_visa_or_mastercard_from_getting/j8ut50a/', '> turn those sats into the local currency \n\nLocal currencies are doomed; Bitcoin has made fiat currency obsolete. \n\nLocal currencies are "going bye-bye" and never coming back.', '1147w6l']]], ['u/AutoModerator', '[Daily Discussion] - Friday, February 17, 2023', 39, '2023-02-17 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/', '114b5k7', [['u/Super_Extreme', 26, '2023-02-17 08:52', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8vq4yh/', 'China missed banning Bitcoin, so it will unban it so that it can ban it again.', '114b5k7'], ['u/UpdomeAhom76', 10, '2023-02-17 09:50', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8vueg1/', 'Was that Hong Kong news legit?', '114b5k7'], ['u/haikusbot', 19, '2023-02-17 15:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8wrtgf/', '*Interesting spx*\n\n*Seems to be breaking down and*\n\n*We are going up*\n\n\\- PatientlyWaitingfy\n\n---\n\n^(I detect haikus. And sometimes, successfully.) ^[Learn more about me.](https://www.reddit.com/r/haikusbot/)\n\n^(Opt out of replies: "haikusbot opt out" | Delete my comment: "haikusbot delete")', '114b5k7'], ['u/GenghisKhanSpermShot', 13, '2023-02-17 16:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8wv9dc/', "Look where [BTC is perched](https://www.tradingview.com/x/hVsbMTtn/), like a bird on a wire, c'mon birdy you can do it.", '114b5k7'], ['u/zberg69420', 21, '2023-02-17 16:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8wv9sc/', 'Fuck tradfi and their market opening hystrionics. Time to do some BTC things. Go you beautiful bastard', '114b5k7'], ['u/AccidentalArbitrage', 11, '2023-02-17 16:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8wxgt0/', 'Karma farming duplicate content spam bot. You all know the drill.\n\nHopefully we can get these spammers to stay out of our sub if they notice we always call them out and destroy their karma, the exact opposite of what they are trying to achieve.', '114b5k7'], ['u/xtal_00', 15, '2023-02-17 16:43', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8x0zqg/', 'Looking for a 25k test today.\n\nKnock knock.', '114b5k7'], ['u/Jip1210', 11, '2023-02-17 16:48', 'https://www.reddit.com/r/BitcoinMarkets/comments/114b5k7/daily_discussion_friday_february_17_2023/j8x1rx6/', 'Not saying it will happen, but a few Fridays recently have had big moves up on volume that started slowly and really got going in the afternoon/evening. Could play out again.', '114b5k7'], ['u/ccgirl21', 12, '2023-02-17 17:39', 'https://www...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
| |
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["Join the most important conversation in crypto and web3! Secure your seat today\nIt’s been a wild week for bitcoin with the largest cryptocurrency by market capitalization reaching multiple six-month highs before retreating suddenly late Thursday, but then rallying again.\nBitcoin (BTC) was recently trading over $24,557, up almost 3.1% over the past 24 hours and off a weekly high early Thursday when BTC surpassed $25,000 for the first time since August.\nThe Thursday drop notwithstanding, bitcoin was still changing hands 13% higher than it was seven days ago. The reasons for its rebound from previous support around $22,000, subsequent decline and then rally have varied. They underscore cryptos’ ongoing sensitivity to macroeconomic conditions and industry-specific events, even if BTC sometimes behaved counterintuitively.\nLate Tuesday, investor optimism trumped concerns about a stablecoin crackdown andtepid Consumer Price Index (CPI)to send bitcoin, ether and most other cryptos soaring. In an interview with CoinDesk, Riyad Carey, research analyst at crypto data firm Kaiko, said that bitcoin’s upturn was “a bit of a euphoric rally that regulatory issues have cooled off temporarily.”\nEarlier in the week, Darius Tabatabai, co-founder of Vertex Protocol, a London-based decentralized exchange, said said that “we may have the makings of another bull market,”\nA day later, markets turned wary and bitcoin dropped more than $1,000 in a few hours amidhawkish remarksby Federal Reserve officials, the announcement of aU.S. Securities and Exchange Commission (SEC) lawsuitagainst disgraced Terraform Labs co-founder Do Kwon, and a disappointing wholesale prices report suggesting that inflation remained stubbornly resilient.\nBTC's “intermediate-term overbought conditions provide a headwind with important resistance around $25,200 nearby, which increases the likelihood of a short-term pullback. Support is near the 200-day MA $20,000,” Katie Stockton, founder of technical analysis-based research firm Fairlead Strategies, wrote to CoinDesk in an email.\nEdward Moya, senior market analyst for foreign exchange market maker Oanda, noted in an email Friday that “after Bitcoin tested the $25,000 level and failed to extend higher, many active traders locked in profits. Appetite for risky assets might struggle over the short-term, which could support a Bitcoin consolidation as long as a regulatory crackdown does not take down a key stablecoin or crypto company.”\nBy Friday afternoon, investors seemed to have shaken off the latest discouraging news to push bitcoin just a few dollars short of $25,000 again. And cryptos continued to outperform equity markets to which they correlated for much of 2022. Ether (ETH), the second largest crypto in market value, has risen more than 12% over the past week.\nOanda’s Moya believes that the larger outcome of the new U.S. crypto regulatory push won't be apparent for a while, allowing markets to sort themselves out, and that the industry itself remains flush with interesting projects. “There’s always a period when the regulators and lawmakers want to hear from the market that they're going to impact,” Moya told CoinDesk in an interview. “But I haven't seen anything that take away from this market from continuing to grow, to see investment and to have projects done that could hopefully drive the use case argument for it,” he added, although he added that lot of money might leave stablecoins for other types of crypto investments.\nTo be sure, some observers think that regulatory overreach could drive away investment and spook markets. “Based on their unwillingness to come to the table, it’s clear that the SEC’s motivations of late are being driven by a desire to protect the financial incumbents – that is, Wall Street,” Al Morris, founder of the decentralized publishing protocol Koii Network, told CoinDesk in an email, adding that overly harsh U.S. regulations could benefit other crypto hubs in Europe and Dubai.\nBut investors remained largely optimistic about crypto markets. They see the Fed approving a second consecutive 25 basis point rate hike at its next Federal Open Market Committee (FOMC) meeting in March instead of returning to the more aggressive increases of 2022. And they hope that any economic contraction will be mild – a so-called safe landing that central bankers are seeking.\n“While forecasts of higher rates weigh down on the values of future cash flows, increasing global liquidity is helping raise asset prices,” Lucas Outumuro, head of research at blockchain analytics firm IntoTheBlock, wrote in a Friday newsletter.\nMeanwhile, Moya noted on Thursday that “bitcoin resilience” has been “impressive” given bond market volatility and steady flow of regulation headlines.”\nBut he added cautiously in a follow-up interview with CoinDesk: “I think we have to live week by week and right now it seems that the main goal is to put consumer protections in place. That will ultimately be where things get fixated on these potential investigations. I think part of the market is also getting used to that type of expectation.”", "Join the most important conversation in crypto and web3! Secure your seat today\nIt’s been a wild week for bitcoin with the largest cryptocurrency by market capitalization reaching multiple six-month highs before retreating suddenly late Thursday, but then rallying again.\nBitcoin (BTC) was recently trading over $24,557, up almost 3.1% over the past 24 hours and off a weekly high early Thursday when BTC surpassed $25,000 for the first time since August.\nThe Thursday drop notwithstanding, bitcoin was still changing hands 13% higher than it was seven days ago. The reasons for its rebound from previous support around $22,000, subsequent decline and then rally have varied. They underscore cryptos’ ongoing sensitivity to macroeconomic conditions and industry-specific events, even if BTC sometimes behaved counterintuitively.\nLate Tuesday, investor optimism trumped concerns about a stablecoin crackdown andtepid Consumer Price Index (CPI)to send bitcoin, ether and most other cryptos soaring. In an interview with CoinDesk, Riyad Carey, research analyst at crypto data firm Kaiko, said that bitcoin’s upturn was “a bit of a euphoric rally that regulatory issues have cooled off temporarily.”\nEarlier in the week, Darius Tabatabai, co-founder of Vertex Protocol, a London-based decentralized exchange, said said that “we may have the makings of another bull market,”\nA day later, markets turned wary and bitcoin dropped more than $1,000 in a few hours amidhawkish remarksby Federal Reserve officials, the announcement of aU.S. Securities and Exchange Commission (SEC) lawsuitagainst disgraced Terraform Labs co-founder Do Kwon, and a disappointing wholesale prices report suggesting that inflation remained stubbornly resilient.\nBTC's “intermediate-term overbought conditions provide a headwind with important resistance around $25,200 nearby, which increases the likelihood of a short-term pullback. Support is near the 200-day MA $20,000,” Katie Stockton, founder of technical analysis-based research firm Fairlead Strategies, wrote to CoinDesk in an email.\nEdward Moya, senior market analyst for foreign exchange market maker Oanda, noted in an email Friday that “after Bitcoin tested the $25,000 level and failed to extend higher, many active traders locked in profits. Appetite for risky assets might struggle over the short-term, which could support a Bitcoin consolidation as long as a regulatory crackdown does not take down a key stablecoin or crypto company.”\nBy Friday afternoon, investors seemed to have shaken off the latest discouraging news to push bitcoin just a few dollars short of $25,000 again. And cryptos continued to outperform equity markets to which they correlated for much of 2022. Ether (ETH), the second largest crypto in market value, has risen more than 12% over the past week.\nOanda’s Moya believes that the larger outcome of the new U.S. crypto regulatory push won't be apparent for a while, allowing markets to sort themselves out, and that the industry itself remains flush with interesting projects. “There’s always a period when the regulators and lawmakers want to hear from the market that they're going to impact,” Moya told CoinDesk in an interview. “But I haven't seen anything that take away from this market from continuing to grow, to see investment and to have projects done that could hopefully drive the use case argument for it,” he added, although he added that lot of money might leave stablecoins for other types of crypto investments.\nTo be sure, some observers think that regulatory overreach could drive away investment and spook markets. “Based on their unwillingness to come to the table, it’s clear that the SEC’s motivations of late are being driven by a desire to protect the financial incumbents – that is, Wall Street,” Al Morris, founder of the decentralized publishing protocol Koii Network, told CoinDesk in an email, adding that overly harsh U.S. regulations could benefit other crypto hubs in Europe and Dubai.\nBut investors remained largely optimistic about crypto markets. They see the Fed approving a second consecutive 25 basis point rate hike at its next Federal Open Market Committee (FOMC) meeting in March instead of returning to the more aggressive increases of 2022. And they hope that any economic contraction will be mild – a so-called safe landing that central bankers are seeking.\n“While forecasts of higher rates weigh down on the values of future cash flows, increasing global liquidity is helping raise asset prices,” Lucas Outumuro, head of research at blockchain analytics firm IntoTheBlock, wrote in a Friday newsletter.\nMeanwhile, Moya noted on Thursday that “bitcoin resilience” has been “impressive” given bond market volatility and steady flow of regulation headlines.”\nBut he added cautiously in a follow-up interview with CoinDesk: “I think we have to live w
**Last 60 Days of Bitcoin's Closing Prices:**
[]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-18
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $474,980,091,600
- Hash Rate: 327007834.38508093
- Transaction Count: 276798.0
- Unique Addresses: 656568.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.60
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Given the hype, anticipation, and outright popularity it has gained since being created over the past few months since its launch last year, Big Eyes Coin (BIG), on its Twitter page @BigEyesCoin, announced that it would expand its portfolio by adding five new currencies which could be used to purchase $BIG tokens. Seeing the overwhelming success it has had during presale where investors could, before the announcement, use Ethereum (ETH), Binance Coin (BNB), or Tether (USDT) to purchase a BIG token; Big Eyes Coin has effective immediately added Bitcoin (BTC), Tether (TRC20), Dogecoin (DOGE), Binance USD (BUSD), and TRON (TRX) as cryptocurrencies which could be used to purchase BIG. Big Eyes Coin, which is a new ERC-20 token built on the Ethereum Network and has KYC verification by CoinSniper, offers an opportunity of transferring wealth into the Decentralised Finance (DeFi) ecosystem. Having now entered stage 11 out of 15 in presale, Big Eyes Coin has raised $25 million in presale tokens. With the $50 million target it has before going live on the market, and given the speed at which presale tokens are selling, Big Eyes Coin is certainly preparing for a firework-style entry when it does go live. The addition of BTC, TRC20, DOGE, BUSD, and TRX couldnt have come at a better time for Big Eyes Coin investors. With Big Eyes Coins extended promotion code LAUNCHBIGEYES200, investors could earn 200% returns on a purchase of a BIG coin. And with Big Eyes Coins community-driven approach, early investment in presale tokens would give the investor the option of becoming a member of its community and decision-making process. Big Eyes Coin assures that 90% of BIG will be available at launch. Bitcoin: Brief Highs, Longer Lows Having reached as high as $24,157.88 in early February since recovering from its price of $16,585.05 at the beginning of January 2023, the upward trend seems to have been rather brief as Bitcoins (BTC) price has since seen a tumble down to $21,783.95. The cryptocurrency has seen its price drop by 4.31% overnight and 7.49% during a 7-day period. Story continues At the time of writing, Bitcoins market capitalization was at $419 billion and a 24-hour trading volume of $31 billion. Ethereum: A Fall Easier Than The Climb Similar to its table-topping counterpart Bitcoin, Ethereum (ETH) has also seen its price drop from what was expected to be a bullish February. Having started 2023 with its price at $1196.71 at the back of a chilly November 2022, Ethereum was within striking distance of reaching $1700 in early February but instead has gone the other way weeks into the month as it dropped to $1538.43 at the time of writing, breaking the 3-week upward trend. At the time of writing, Ethereum held a market capitalization of $188 billion and a 24-hour trading volume of $9.9 billion. Crypto Overview After posting steady gains throughout January 2023 which indicated an upward trend, the cryptocurrency market has remained sluggish further towards February. Having seen a global cryptocurrency market capitalization of $1.09 trillion in the first week of February, the crypto market cap has since dipped to $1.02 trillion, with its 24-hour trading volume rising to $74.65 billion from $62 billion during the same period. This is a clear indication that the bear market is well and truly with us. This provides the ideal opportunity for investors to review the market and identify which projects have what it takes to survive. And given Big Eyes Coins rally in the past few months, it would be an ideal meme token to invest in. Find out more about Big Eyes Coin (BIG): Presale: https://buy.bigeyes.space/ Website: https://bigeyes.space/ Telegram: https://t.me/BIGEYESOFFICIAL...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['YouTube superstar Logan Paul is facing a lawsuit over CryptoZoo, and he\'s far from the only celeb hyping up risky investments — here\'s why young fans are \'left holding the bag\' From Floyd Mayweather to the Paul brothers, celebrities and influencers are shelling out investing advice and touting risky tokens over social media and it’s often their young followers who are left paying the price if the market plunges. Don\'t miss Rich young Americans have lost confidence in the stock market — and are betting on these 3 assets instead . Get in now for strong long-term tailwinds \'Hold onto your money\': Jeff Bezos issued a financial warning, says you might want to rethink buying a \'new automobile, refrigerator, or whatever\' — here are 3 better recession-proof buys Here\'s the average salary each generation says they need to feel \'financially healthy.\' Gen Z requires a whopping $171K/year — but how do your own expectations compare? Bitcoin\'s track record serves as an example of just how volatile that market can be. There’s been a big shift toward younger people entering the financial markets over the past decade, notes Taylor Lorenz, a technology and internet culture reporter for The Washington Post. And over a quarter of Gen Zers receive their financial advice from social media, according to the National Association of Personal Finance Advisors . Millions of those young Americans have grown up watching videos on YouTube from social media superstars like Logan Paul. The prominent vlogger and podcast host, who has a combined following of over 27 million subscribers across two YouTube channels, is currently making headlines for controversy surrounding his NFT-based game CryptoZoo — a project he first hyped up on his Impaulsive podcast in 2021 as a “really fun game that makes you money." “Young teenagers are purchasing things like NFTs and other speculative investments, and often participating in online communities that pump the prices of these things,” says Lorenz. “So it\'s kind of ‘Lord of the Flies’ out there right now in our financial system.” Teens are getting into investing It’s not just older Gen Zers who have interest in the stock market — a 2022 study from Fidelity found that 1-in-5 teens have started investing, while two-thirds plan to start investing before graduating college or earlier. Story continues Teenagers can get their parents to sign them up for stock trading accounts. And there’s technically no legal age limit when it comes to owning crypto — although some exchanges may restrict people under 18 from signing up. Even TikTok star Charli D’Amelio received Bitcoin for her 17th birthday from cryptocurrency app Gemini last year, despite not being old enough to trade on the platform. The family posted a picture on Instagram to their large following, thanking Gemini for the gift. But 2022 has not been kind to the world\'s leading digital currency. After hitting an all-time peak of around $69,000 per unit on November 10, 2021, Bitcoin has since erased roughly 75% of its value, sitting at $16,600 as of the end of the trading day on Dec. 19. Celebs are promoting financial products to their fans Celebrities and Youtube and TikTok influencers often generate income from sponsored posts and paid partnerships on their social media platforms. Kim Kardashian made headlines recently when she was fined $1 million by the U.S. Securities and Exchange Commission (SEC) for not disclosing that she was paid $250,000 to promote a crypto asset. She’s also agreed to not promote any crypto assets for three years. She’s not the only celeb who’s endorsed cryptocurrency over the past couple years — the market has since crashed hard over the last year — but she is one of the few to encounter legal trouble in the aftermath. Read more: UBS says 61% of millionaire collectors allocate up to 30% of their overall portfolio to this exclusive asset class Under the current federal securities laws, anyone who promotes crypto assets “must disclose the nature, source, and amount of compensation they received in exchange for the promotion," said Gurbir S. Grewal, director of the SEC’s division of enforcement, in a press release detailing the charges against Kim Kardashian earlier this month. But it’s hard to regulate how content creators advertise, and the ones who have smaller audiences may not think they’ll face repercussions, says Lorenz. “It\'s unclear when things are even an ad, it\'s really tough to police.” She adds that making an example of Kardashian is useful, but many online influencers may continue to endorse risky assets for an easy buck until more is done by regulators. And there are still issues even when influencers are upfront about being paid to endorse an asset. “People have such intense parasocial bonds with the influencers that they follow that — even with that disclosure — I don\'t think it matters significantly because people will still just trust anything that they say.” Crypto endorsement controversy Giving out financial advice or promoting products is just another way for content creators to monetize their audiences, says Lorenz. While many promotions are above board, less scrupulous influencers can intentionally or unintentionally cross the line. “They partner with financial crypto firms, or they release their own tokens in ‘pump and dump’ schemes,” she explains. “But all of these things are definitely a problem on the internet.” Pump and dump schemes involve spreading misleading or overly positive information to inflate the price of a stock or security and then selling your shares at the higher price. The stock price typically drops afterwards and other investors may experience major losses. The FTC found that 1-in-4 people who reported losing money to fraud last year said it started on social media, amounting to about $770 million in losses. People aged 18 to 39 were also more than twice as likely as older adults to report losing money to these scams. And crypto fraud losses from January 2021 through March 2022 totalled over $1 billion. Even when popular personalities aren’t intentionally participating in fraud, endorsing dubious assets over social media can still pose a risk. Several traders accused Kardashian, Floyd Mayweather and basketball player Paul Pierce of participating in a pump and dump scheme with EthereumMax — however all three have filed motions to be removed from the lawsuit and EthereumMax has denied the allegations as well. YouTuber and celebrity boxer Logan Paul is also no stranger to the crypto scene or to controversy. The popular vlogger, who shot to notoriety for a video he made in Japan\'s Aokigahara forest in 2017, also found himself in more hot water last year after promoting a meme token called Dink Doink. The coin reportedly shot up in value by 40,000% after a tweet from Paul, and then plummeted by over 90% over the following two weeks. The New York Times reported that he failed to mention both financial and personal ties to the asset in his endorsements and later expressed regret for getting involved. And it doesn\'t end there for Paul. He is involved in another venture called CryptoZoo — an NFT-based game that Vulture describes as "a Pokémon-inspired trading game in which users purchase eggs, hatch them and then breed animals to earn proprietary $ZOO tokens." Last month, Paul tweeted a video statement about his plan for the game going forward, including a $1.3 million rewards program for "disappointed" players. Buzzfeed reported earlier this month that Paul is now facing a lawsuit filed by the firm of lawyer and fellow YouTube personality Tom Kherkher . Lorenz believes there needs to be more regulation and guardrails in place to protect not just young people, but people of all ages from falling prey to dubious investments. “The celebrities fundamentally don\'t seem to care,” says Lorenz. “The problem is it\'s their followers who are left holding the bag.” — With files from Samantha Emann What to read next Diversify like the ultra-rich: You can now collect income from \'passion assets\' like fine art and luxury real estate You could be the landlord of Walmart, Whole Foods and CVS (and collect fat grocery store-anchored income on a quarterly basis) Americans are paying nearly 40% more on home insurance compared to 12 years ago — here\'s how to spend less on peace of mind This article provides information only and should not be construed as advice. It is provided without warranty of any kind.', 'From Floyd Mayweather to the Paul brothers, celebrities and influencers are shelling out investing advice and touting risky tokens over social media and it’s often their young followers who are left paying the price if the market plunges.\n• Rich young Americans have lost confidence in the stock market — and arebetting on these 3 assets instead. Get in now for strong long-term tailwinds\n• \'Hold onto your money\': Jeff Bezos issued a financial warning, says you might want to rethink buying a \'new automobile, refrigerator, or whatever\' —here are 3 better recession-proof buys\n• Here\'s the average salary each generation says they need to feel \'financially healthy.\' Gen Z requires a whopping $171K/year — buthow do your own expectations compare?\nBitcoin\'s track record serves as an example of just how volatile that market can be.\nThere’s been a big shift toward younger people entering the financial markets over the past decade, notes Taylor Lorenz, a technology and internet culture reporter for The Washington Post.\nAnd over a quarter of Gen Zers receive their financial advice from social media, according to theNational Association of Personal Finance Advisors.\nMillions of those young Americans have grown up watching videos on YouTube from social media superstars like Logan Paul. The prominent vlogger and podcast host, who has a combined following of over 27 million subscribers across two YouTube channels, is currently making headlines for controversy surrounding his NFT-based game Cr
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-02-19
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $479,089,676,494
- Hash Rate: 315328983.1570423
- Transaction Count: 240406.0
- Unique Addresses: 569883.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.60
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Presentation: Thursday, January 12, 2023 / 9:30 AM ET
TORONTO and BROSSARD, Québec, Jan. 04, 2023 (GLOBE NEWSWIRE) --Bitfarms Ltd.(NASDAQ: BITF // TSX: BITF), a global Bitcoin self-mining company, announced today that management will be presenting at the 25thAnnual Needham Growth Conference on Thursday, January 12th, at 9:30 AM ET.
[{"Event:": "Date:", "": "", "Bitfarms Presentation at the 25thAnnual Needham Growth Conference": "Thursday, January 12, 2023"}, {"Event:": "Time:", "": "", "Bitfarms Presentation at the 25thAnnual Needham Growth Conference": "9:30 am ET"}]
The Company’s presentation will be webcast live and available for replayhere. For additional information or to schedule an in-person or virtual one-on-one meeting with Bitfarms’ management, please contact your Needham representative or Bitfarms’ IR Team [email protected]
About Bitfarms Ltd.
Founded in 2017, Bitfarms is a global, publicly traded (NASDAQ/TSX: BITF) Bitcoin self-mining company. Bitfarms runs vertically integrated mining operations with in-house management and company-owned electrical engineering, installation service, and onsite technical repair. The Company’s proprietary data analytics system delivers best-in-class operational performance and uptime.
Bitfarms has 10 mining facilities around the world, which are housed in four countries: Canada, the United States, Paraguay, and Argentina. Powered by predominantly environmentally friendly hydro-electric and long-term power contracts, Bitfarms is committed to using renewable, locally based, and often underutilized energy infrastructure.
To learn more about Bitfarms’ events, developments, and online communities:
Website:www.bitfarms.com
https://www.facebook.com/bitfarms/https://twitter.com/Bitfarms_iohttps://www.instagram.com/bitfarms/https://www.linkedin.com/company/bitfarms/
Cautionary Statement
Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the Toronto Stock Exchange, Nasdaq, or any other securities exchange or regulatory authority accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. The statements and information in this release regarding expansion plans, including construction in Argentina and Québec, expectations for monthly growth, targets, and goals for productive capacity and hashrates and other future plans and objectives of the Company are forward-looking information. Other forward-looking information includes, but is not limited to, information concerning: the intentions, plans and future actions of the Company, as well as Bitfarms’ ability to successfully mine digital currency, revenue increasing as currently anticipated, the ability to profitably liquidate current and future digital currency inventory, volatility of network difficulty and digital currency prices and the potential resulting significant negative impact on the Company’s operations, the construction and operation of expanded blockchain infrastructure as currently planned, and the regulatory environment for cryptocurrency in the applicable jurisdictions.
Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information.
This forward-looking information is based on assumptions and estimates of management of the Company at the time they were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to: the global economic climate; dilution; the Company’s limited operating history; future capital needs and uncertainty of additional financing, including the Company’s ability to utilize the Company’s at-the-market offering (the “ATM Program”) and the prices at which the Company may sell Common Shares in the ATM Program, as well as capital market conditions in general; risks relating to the strategy of maintaining and increasing Bitcoin holdings and the impact of depreciating Bitcoin prices on working capital; the competitive nature of the industry; currency exchange risks; the need for the Company to manage its planned growth and expansion; the effects of product development and need for continued technology change; the ability to maintain reliable and economical sources of power to run its cryptocurrency mining assets; the impact of energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which the Company operates; protection of proprietary rights; the effect of government regulation and compliance on the Company and the industry; network security risks; the ability of the Company to maintain properly working systems; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; share dilution resulting from the ATM Program and from other equity issuances; and volatile securities markets impacting security pricing unrelated to operating performance. In addition, particular factors that could impact future results of the business of Bitfarms include, but are not limited to: the construction and operation of facilities may not occur as currently planned, or at all; expansion may not materialize as currently anticipated, or at all; the digital currency market; the ability to successfully mine digital currency; revenue may not increase as currently anticipated, or at all; it may not be possible to profitably liquidate the current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on operations; an increase in network difficulty may have a significant negative impact on operations; the volatility of digital currency prices; the anticipated growth and sustainability of hydroelectricity for the purposes of cryptocurrency mining in the applicable jurisdictions; the inability to maintain reliable and economical sources of power for the Company to operate cryptocurrency mining assets; the risks of an increase in the Company’s electricity costs, cost of natural gas, changes in currency exchange rates, energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which the Company operates and the adverse impact on the Company’s profitability; the ability to complete current and future financings, any regulations or laws that will prevent Bitfarms from operating its business; historical prices of digital currencies and the ability to mine digital currencies that will be consistent with historical prices; an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of digital currencies, capital market conditions, restriction on labour and international travel and supply chains; and, the adoption or expansion of any regulation or law that will prevent Bitfarms from operating its business, or make it more costly to do so. For further information concerning these and other risks and uncertainties, refer to the Company’s filings onwww.SEDAR.com(which are also available on the website of the U.S. Securities and Exchange Commission atwww.sec.gov), including the annual information form for the year-ended December 31, 2021, filed on March 28, 2022. The Company has also assumed that no significant events occur outside of Bitfarms’ normal course of business. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those expressed in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on any forward-looking information. The Company undertakes no obligation to revise or update any forward-looking information other than as required by law
.
Contacts:
LHA Investor RelationsDavid Barnard+1 [email protected]
Actual AgencyMatt Weaver+1 [email protected]
Québec Media: TactLouis-Martin Leclerc+1 [email protected]...
- Reddit Posts (Sample): [['u/Darken-kun', 'Opinion: Bitcoin is gold, Monero is money', 54, '2023-02-19 02:37', 'https://www.reddit.com/r/Monero/comments/115y2ic/opinion_bitcoin_is_gold_monero_is_money/', "I've seen this debate lately about which one has the highest chance to be adopted as a global currency.\n\nBoth are decentralized and can fight censorship, but one fundamental difference of Bitcoin over Monero is it halving cicles and fixed maximum supply. This gives the scarcity characteristic to Bitcoin.\n\nMonero on the other hand managed to successfully reach tail emission with no maximum supply. So the value of each Monero becomes its use case rather than scarcity, which is to be used as money.\n\nI don't know which one has more potential to be adopted in the future, though. In the today's scenario, where Central Bank Currencies with standard surveillance are to become a thing and privacy by default will be requested from the citizens, I believe Monero will be used for online payments over distances and Bitcoin Lightning for in person P2P trades on their mobile phones.\n\nHowever, if Monero can overcome this and implement layer 2 solutions, the use of Bitcoin won't be needed at all.\n\n(Every other cryptocurrency is a scam btw)", 'https://www.reddit.com/r/Monero/comments/115y2ic/opinion_bitcoin_is_gold_monero_is_money/', '115y2ic', [['u/AmadeusBlackwell', 36, '2023-02-19 03:19', 'https://www.reddit.com/r/Monero/comments/115y2ic/opinion_bitcoin_is_gold_monero_is_money/j943ehw/', "This dichotomy only matters if you're interested in holding Monero instead of spending it. \n\nMonero has BTC beat as far as being digital cash. Layer 2 solutions aren't necessary if the goal of the currency is to be currency. If you want all that layer 2 bloat that ETH and ADA has, then go to do business there as VB and Hoskinson sell you out to the feds.", '115y2ic'], ['u/Exchange_REC', 10, '2023-02-19 04:07', 'https://www.reddit.com/r/Monero/comments/115y2ic/opinion_bitcoin_is_gold_monero_is_money/j949e4p/', 'I think most merchants would consider 3-5 confirmations (Monero)/1-2 confirmations (Bitcoin) as settled', '115y2ic'], ['u/bdoc50', 28, '2023-02-19 06:09', 'https://www.reddit.com/r/Monero/comments/115y2ic/opinion_bitcoin_is_gold_monero_is_money/j94n3go/', 'Gold is gold, Monero is money if you want it to be.', '115y2ic'], ['u/learnerpen', 12, '2023-02-19 07:29', 'https://www.reddit.com/r/Monero/comments/115y2ic/opinion_bitcoin_is_gold_monero_is_money/j94ueyt/', "Merchants accept zero confirm. All the time. It's the big purchases that would recommend multi confirmations. And those parties don't mind.", '115y2ic'], ['u/EmilyLovs', 51, '2023-02-19 09:13', 'https://www.reddit.com/r/Monero/comments/115y2ic/opinion_bitcoin_is_gold_monero_is_money/j952jtk/', "Pumps XMR...declares every other crypto a scam (eye roll).\n\nRegulation is setting the stage for CBDCs coercion.\n\nCBDCs coercion will drive dark market demand.\n\nDark market demand will drive privacy assets.\n\nPrivacy assets demand will drive atomic swaps & DEX supporting privacy assets.\n\nIn the end, you'll end up a serf or a sovereign.\n\nSerfs will have their bug rations delivered via CBDCs, if they are a good obedient slave bitch.\n\nSovereigns will be operating in the dark markets.\n\nChoose your side, and establish your positions, before it becomes blatantly obvious to the mindless masses.", '115y2ic'], ['u/the_rodent_incident', 16, '2023-02-19 09:46', 'https://www.reddit.com/r/Monero/comments/115y2ic/opinion_bitcoin_is_gold_monero_is_money/j9550ix/', "Those who understand are either shadowbanned or downvoted to oblivion.\n\nThe king has no clothes. But you're not supposed to say it out loud.", '115y2ic'], ['u/aQbaPlayGames', 23, '2023-02-19 12:11', 'https://www.reddit.com/r/Monero/comments/115y2ic/opinion_bitcoin_is_gold_monero_is_money/j95f6f4/', 'Gold is Gold, Btc is useless garbage on par with "first" comments under youtube videos. \nMonero is Money', '115y2ic'], ['u/Doublespeo', 12, '2023-02-19 14:05', 'https://www.reddit.com/r/Monero/comments/115y2ic/opinion_bitcoin_is_gold_monero_is_money/j95o7qa/', 'There absolutly no reason to believe Bitcoin is Gold therefore Monero is money.\n\nMonero is fungible Bitcoin is not, comparing Bitcoin to Gold is just wrong.\n\nMonero is Gold, Monero is Money.\n\nBitcoin is… something else. inferior money compared to Gold, inferior stroge of value compred to Gold (fungiblity is part of the the reason but not only). \n\nIt is some sort of high friction token on a transparent ledger, not gold, not money.', '115y2ic'], ['u/Doublespeo', 12, '2023-02-19 14:08', 'https://www.reddit.com/r/Monero/comments/115y2ic/opinion_bitcoin_is_gold_monero_is_money/j95ohu1/', '>\tGold is gold, Monero is money if you want it to be.\n\nWell said but I would say there is an argument to say that Monero can be comapred to gold but not Bitcoin (fungibility).', '115y2ic'], ['u/Kaltane', 10, '2023-02-19 17:36', 'https://www.reddit.com/r/Monero/comments/115y2ic/opinion_bitcoin_is_gold_monero_is_money/j96e5uk/', 'I got a bit horny with what you said.', '115y2ic']]], ['u/thepantsalethia', 'How Can I Buy Bitcoin Anonymously?', 37, '2023-02-19 02:56', 'https://www.reddit.com/r/Bitcoin/comments/115ygqs/how_can_i_buy_bitcoin_anonymously/', 'Is this even possible? Thank you.', 'https://www.reddit.com/r/Bitcoin/comments/115ygqs/how_can_i_buy_bitcoin_anonymously/', '115ygqs', [['u/iconoclast63', 13, '2023-02-19 02:57', 'https://www.reddit.com/r/Bitcoin/comments/115ygqs/how_can_i_buy_bitcoin_anonymously/j940qhg/', 'Peer to peer. Find someone who has BTC and is willing to sell it to you directly.', '115ygqs'], ['u/longonbtc', 28, '2023-02-19 03:01', 'https://www.reddit.com/r/Bitcoin/comments/115ygqs/how_can_i_buy_bitcoin_anonymously/j9417c5/', 'You should buy bitcoin from another person (peer to peer) if you want to buy bitcoin without providing your personal information to anyone.\n\nYou can buy bitcoin directly from someone that owns bitcoin and that is willing to sell you some. You can buy bitcoin from someone that you meet at a Bitcoin meetup that is willing to sell you some. You can buy bitcoin from a bitcoin seller that advertise on a classified ad websites like Craigslist or Gumtree. Or you can use a peer to peer cryptocurrency exchange to easily buy bitcoin directly from a person that is willing to sell bitcoin to other people.\n\nhttps://bisq.network, https://learn.robosats.com, https://agoradesk.com, https://localcoinswap.com, and https://hodlhodl.com are some of the peer to peer cryptocurrency exchanges that make it easy to find someone to buy bitcoin from peer to peer. Bisq is also open source and decentralized. \n\nAll five of those peer to peer cryptocurrency exchanges that I listed do not require you to provide any of your personal information in order to buy or sell bitcoin. Some of the bitcoin sellers on these peer to peer cryptocurrency exchanges do request your name or ID because of certain laws or regulations. And some of the bitcoin sellers on these peer to peer cryptocurrency exchanges do not request any of your personal information.', '115ygqs'], ['u/dbudlov', 10, '2023-02-19 13:05', 'https://www.reddit.com/r/Bitcoin/comments/115ygqs/how_can_i_buy_bitcoin_anonymously/j95j4by/', 'Because only the buyer and seller know about it', '115ygqs']]], ['u/Dazzling_Lime2021', 'Bitcoin has pumped 50% within less than 2 months, that is anything but "slow" or "boring"', 107, '2023-02-19 05:27', 'https://www.reddit.com/r/CryptoCurrency/comments/1161hjd/bitcoin_has_pumped_50_within_less_than_2_months/', "Some people with crypto portfolios avoid investing in Bitcoin nowadays because they think it's too slow at moving. It's 14 years old, has shown it's massive gains in it's early cycles, and now provides diminished returns. But despite all that, when it does move it's still impressive. We're barely into this year, still with a bad macro environment, and Bitcoin is up 50% in a blink of an eye.\n\nYes there are plenty of alts that rise much more faster and I'm not a Bitcoin maxi, those are always fun to explore. But Bitcoin has been king for a reason, it's withstood the test of time so far and keeps chugging along. And despite all the new VC money, retail interest and new crypto companies that came up in 2021, the Bitcoin dominance hasn't hit it's lows of 2018. I think it'll probably go lower eventually but thought it was a worthwhile fact to mention.\n\nWhen no one is interested and the price is seemingly doing nothing, it shocks everyone once it gets going. Do not underestimate how quickly Bitcoin can move", 'https://www.reddit.com/r/CryptoCurrency/comments/1161hjd/bitcoin_has_pumped_50_within_less_than_2_months/', '1161hjd', [['u/Scarcedflame', 27, '2023-02-19 05:34', 'https://www.reddit.com/r/CryptoCurrency/comments/1161hjd/bitcoin_has_pumped_50_within_less_than_2_months/j94jgrf/', "Idk bro if I ain't doubling my money every month what's the point", '1161hjd'], ['u/Kappatalizable', 14, '2023-02-19 05:35', 'https://www.reddit.com/r/CryptoCurrency/comments/1161hjd/bitcoin_has_pumped_50_within_less_than_2_months/j94jkq4/', '>and Bitcoin is up 50% in a blink of an eye.\n\nYou blink for 2 months? Thats impressive', '1161hjd'], ['u/FldLima', 31, '2023-02-19 06:00', 'https://www.reddit.com/r/CryptoCurrency/comments/1161hjd/bitcoin_has_pumped_50_within_less_than_2_months/j94m7g7/', 'This rally showed me how important is to just keep buying and ignore the swings because you will eventually catch the bottom (as well as the "top") and you WONT regret not staying in the market.\n\nWith that being said...\n\n*Deploys more money*', '1161hjd'], ['u/Flying_Koeksister', 11, '2023-02-19 07:00', 'https://www.reddit.com/r/CryptoCurrency/comments/1161hjd/bitcoin_has_pumped_50_within_less_than_2_months/j94rxdf/', 'DCA has always been my cornerstone for crypto', '1161hjd']]], ['u/AutoModerator', '[Daily Discussion] - Sunday, February 19, 2023', 30, '2023-02-19 06:00', 'https://www.reddit.com/...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Founder of WallStreetBets (WSB) Jaime Rogozinski filed a lawsuit against Reddit last week, claiming the platform wrongfully removed him as a moderator in 2020 and infringed on his right to trademark the community’s name.\nFounded in 2012, WSB fostered a reputation on Reddit as the go-to place for people to witness bold stock trades. Community members shared images of significant trading losses and gains with a mutually stoic sense of pride. Financial literacy wasn’t at the forefront of WSB’s day-to-day content, but rather a “YOLO” or “you only live once” mentality to trading stocks.\nThe subreddit ballooned in popularity amid COVID lockdowns as people spent more time at home, and—buoyed financially by pandemic relief programs—delved into online stock trading, often using platforms with zero commission fees like Robinhood. It was the epicenter of the so-called meme stock frenzy, which saw GameStop and AMC soar amid a historic short squeeze.\nThe subreddit hasn’t always been kind to posts about cryptocurrencies, limiting crypto discussions to a single thread, but its managers launched acyrpto-specific subredditin the fall of 2021. Reddit has also catered to the WSB community by releasing custom avatars, such as one with “diamond hands,” a tie emblazoned with a rocket, andsportingthe logo’s yellow hair.\nBut long before droves of WSB onlookers piled into meme stocks and established figures like Keith Gill as icons in a battle to pin Wall Street on the losing side of trades, Rogozinski was removed as a moderator of the community by Reddit. The move constituted a “breach of contract [that] was intentional and willful,” according toRogozinski’s filed complaint.\nReddit’s justification for ousting Rogozinski as a moderator centered on claims that the founder violated company policy by “attempting to monetize a community.” Rogozinski had established an esports trading competition and promoted a book on WSB titled “WallStreetBets: How Boomers Made the World’s Biggest Casino for Millennials.”\n“Reddit’s justification was a pretext—people use Reddit to market and sell everythingfrom investment advice to bodily fluids,” Rogozinski’s complaint states. “On Reddit, just about everyone, including aspiring pornographers and scam artists, can find a place, everyone that is except Mr. Rogozinski.”\nWallStreetBets Founder Wants to Make Stocks More Like Crypto\nOf the seven other claims for which the founder seeks damages—which total at least $1 million, according toReuters—Rogozinski also claimed Reddit infringed on a federally registered trademark.\nIn late March 2020, Rogozinski’s complaint says he filed an application with the United States Patent and Trademark Office (USPTO) to secure the use of “WallStreetBets” for commercial use. Reddit would go on to later file four trademark applications of its own to register “WallStreetBets.”\nThe lawsuit hopes to establish that Rogozinski is the owner of the WSB trademark, and seeks an order reinstating him to his former role as subreddit moderator. Additionally, Rogozinski seeks a court order that bars Reddit from “any and all use” of the trademark “unless and until” the company reinstates him “as the senior-most moderator of the r/WallStreetBets subreddit.”\nWallStreetBets Reddit Group Opens Up to Bitcoin, Ethereum, Dogecoin\nReddit pushed back against the claims Rogozinski makes in his lawsuit. “This is a completely frivolous lawsuit with no basis in reality,” a Reddit spokesperson toldDecryptvia email. “This lawsuit is another transparent attempt to enrich himself.”\nThe company noted that Rogozinski was removed from his role well before GameStop and AMC came to dominate the subreddit’s chatter—and each of the communities fond of GameStop and AMC branched off to other subreddits like r/amcstock or r/superstonk.\n“It’s telling that he is filing this suit three years after he was banned by r/WallStreetBets and long after the community rose in mainstream popularity without his involvement,” the Reddit spokesperson said. “We’ll respond directly in court and continue to protect the best interests of the communities and moderators on our platform.”', 'Founder of WallStreetBets (WSB) Jaime Rogozinski filed a lawsuit against Reddit last week, claiming the platform wrongfully removed him as a moderator in 2020 and infringed on his right to trademark the community’s name. Founded in 2012, WSB fostered a reputation on Reddit as the go-to place for people to witness bold stock trades. Community members shared images of significant trading losses and gains with a mutually stoic sense of pride. Financial literacy wasn’t at the forefront of WSB’s day-to-day content, but rather a “YOLO” or “you only live once” mentality to trading stocks. The subreddit ballooned in popularity amid COVID lockdowns as people spent more time at home, and—buoyed financially by pandemic relief programs—delved into online stock trading, often using platforms with zero commission fees like Robinhood. It was the epicenter of the so-called meme stock frenzy, which saw GameStop and AMC soar amid a historic short squeeze. The subreddit hasn’t always been kind to posts about cryptocurrencies, limiting crypto discussions to a single thread, but its managers launched a cyrpto-specific subreddit in the fall of 2021. Reddit has also catered to the WSB community by releasing custom avatars, such as one with “diamond hands,” a tie emblazoned with a rocket, and sporting the logo’s yellow hair. But long before droves of WSB onlookers piled into meme stocks and established figures like Keith Gill as icons in a battle to pin Wall Street on the losing side of trades, Rogozinski was removed as a moderator of the community by Reddit. The move constituted a “breach of contract [that] was intentional and willful,” according to Rogozinski’s filed complaint . Reddit’s justification for ousting Rogozinski as a moderator centered on claims that the founder violated company policy by “attempting to monetize a community.” Rogozinski had established an esports trading competition and promoted a book on WSB titled “WallStreetBets: How Boomers Made the World’s Biggest Casino for Millennials.” Story continues “Reddit’s justification was a pretext—people use Reddit to market and sell everything from investment advice to bodily fluids,” Rogozinski’s complaint states. “On Reddit, just about everyone, including aspiring pornographers and scam artists, can find a place, everyone that is except Mr. Rogozinski.” WallStreetBets Founder Wants to Make Stocks More Like Crypto Of the seven other claims for which the founder seeks damages—which total at least $1 million, according to Reuters —Rogozinski also claimed Reddit infringed on a federally registered trademark. In late March 2020, Rogozinski’s complaint says he filed an application with the United States Patent and Trademark Office (USPTO) to secure the use of “WallStreetBets” for commercial use. Reddit would go on to later file four trademark applications of its own to register “WallStreetBets.” The lawsuit hopes to establish that Rogozinski is the owner of the WSB trademark, and seeks an order reinstating him to his former role as subreddit moderator. Additionally, Rogozinski seeks a court order that bars Reddit from “any and all use” of the trademark “unless and until” the company reinstates him “as the senior-most moderator of the r/WallStreetBets subreddit.” WallStreetBets Reddit Group Opens Up to Bitcoin, Ethereum, Dogecoin Reddit pushed back against the claims Rogozinski makes in his lawsuit. “This is a completely frivolous lawsuit with no basis in reality,” a Reddit spokesperson told Decrypt via email. “This lawsuit is another transparent attempt to enrich himself.” The company noted that Rogozinski was removed from his role well before GameStop and AMC came to dominate the subreddit’s chatter—and each of the communities fond of GameStop and AMC branched off to other subreddits like r/amcstock or r/superstonk. “It’s telling that he is filing this suit three years after he was banned by r/WallStreetBets and long after the community rose in mainstream popularity without his involvement,” the Reddit spokesperson said. “We’ll respond directly in court and continue to protect the best interests of the communities and moderators on our platform.”', 'Bitcoin fell below US$24,000 in a mixed morning for the top 10 non-stablecoin cryptocurrencies by market capitalization on Monday in Asia. Solana posted the most gains in that list while leading memecoin Dogecoin dropped the most.\nSee related article:Japan to launch digital yen pilot programme in April\n• Bitcoin fell 2.76% in the last 24 hours to trade at US$23,927 as of 9:15 a.m. in Hong Kong, but was still up 11.9% over the past week,according to CoinMarketCap. Ethereum lost 0.97% to US$1,661, and has gained 11.2% over the past seven days.\n• Solana was up 4.6% to US$24.62, a weekly gain of 15.6%. The network has been holding its “Build through the Bear”hackathon this month, which invites community members to build on the blockchain, offering US$50,000 in USDC for the top prize. The hackathon ends on March 14.\n• Dogecoin fell 2% to US$0.087, but was still trading up 6.6% over the past seven days. XRP slipped 1.7% to US$0.38, though was still trading 3% higher for the past week.\n• The total crypto market capitalization reached US$1.13 trillion overnight, the highest since August 2022, before falling to US$1.12 trillion at 9:15 a.m. in Hong Kong. The total trading volume over the past 24 hours was up by 14.4% to US$54.9 billion.\n• U.S. equities had a mixed day of trading on Friday. The Dow Jones Industrial Average rose 0.4%, but the S&P 500 Index fell 0.3%, and the Nasdaq Composite Index closed the day down 0.6%. Wall Street will be closed on Monday for Presidents’ Day.\n• Many major U.S. retailers are slated to release their holiday seasonearnings this week, starting with Walmart Inc. and Home Depot Inc. on Tuesday.\n• The earning reports are set to
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-02-20
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $460,642,318,000
- Hash Rate: 286131855.0869458
- Transaction Count: 270081.0
- Unique Addresses: 615969.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.58
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Join the most important conversation in crypto and web3! Secure your seat today
“Sanctions are good. They prove we’re doing everything right.”
When I ask Alexander Lyubimov if he’s afraid to get on the international sanctions list, he says:
“I’m totally striving for personal sanctions. I believe sanctions would be a sign of recognition for my work. I would even likethe Hague Tribunalto learn about my existence and do something, say, put me on a wanted list for war crimes.”
Lyubimov is a director of the Novorossia Aid Coordinating Center (NACC), which is fundraising for Russian troops in Ukraine. Out of two dozen Russian pro-war fundraisers contacted by CoinDesk, he was the only one who agreed to speak with us by phone.
NACC is one of many formal and informal organizations in Russia that together raised at least $1.8 million in crypto to supply the struggling Russian army in Ukraine with ammunition, armor, surveillance drones, optical devices, vehicles and warm clothing.
The number looks modest compared to millions on crypto raised by Ukrainians, and the calls for donations have been much more low-profile, but some of the private Russian efforts managed to raise hundreds of thousands dollars for particular military units.
The sanctions on Russia for its invasion of Ukraine in February 2022 made crypto even more popular as a fundraising tool for pro-Russian groups and influencers: Now, it’s the only working donations channel for Russian army sympathizers from abroad.
According to CoinDesk’s analysis, a significant part of the $1.8 million went to centralized exchanges, including Russian exchangesGarantexandBitzlato, both suspected of processing large amounts of criminal funds. But popular global platforms such as Binance, Huobi and others received a fair amount of such funds, too.
In the meantime, on the other side of the frontlines, dozens of Ukrainian volunteers are out there looking for such wallets, reporting them and trying to get the money frozen. Sometimes, they prevail.
NACC’s Lyubimov isn’t joking about wanting the International Criminal Court (in The Hague) toinvestigatehis work as part of its Russian war crimes inquiries.
He actually does not believe he participated in any war crimes, but uses the term with defiance. “Our enemies call it ‘war crimes.’ I believe we’re defending our homeland,” he says.
NACC has been operating since 2014, when Russia annexed the Crimean peninsula andfueled an armed insurgencyin southeastern Ukraine.
The group has been raising funds to support the self-proclaimed People’s Republics of Donetsk and Luhansk, the breakaway regions of Ukraine that pledged allegiance to Russia, and the local militia forces fighting the Ukrainian army. One NACC leader,Alexey Markov, even joined the command ranks of the militia. He died in a car accident in 2020.
The NACC has been using crypto for donations for a long time, along with traditional fiat rails, Lyubimov said. However, the war and sanctions on Russia made crypto even more relevant. Before the war, the NACC transacted only in bitcoin. After the war started, some supporters asked for more cryptocurrency options, and the group added ether (ETH) and tether (USDT) wallets. The donations increased, too.
“We had PayPal once but it had been blocked multiple times and now it doesn’t work as a tool for foreign donations anymore,” Lyubimov said. “A lot of people living far away want to support our work, and the only available way for them now is crypto.” He said Russian army sympathizers are donating crypto from Europe, Australia, the U.S. and other countries.
Lyubimov says the group long ago figured out ways to avoid getting its crypto blocked by exchanges. When asked how it does it, he responds obscurely: “Read the darknet. Everything has been invented long before us. People run shadow businesses and explain in detail how to do things right and smart.”
I ask him whether he means buying verified exchange accounts with other people’s names – a flourishing market CoinDeskinvestigatedlast year. Lyubimov refuses to confirm or deny it.
Read more:For $200, You Can Trade Crypto With a Fake ID
Since the beginning of the war, NACC has raised more than1.3 BTC,2.75 ETHand5,700 USDTon the wallets it published on itswebsite, or about $40,500 in total. In September, blockchain analytics company TRM Labsfoundabout $21,000 on NACC’s wallets, which shows the fundraising drive only accelerated during the fall and winter.
Together with researchers from the Ukrainian crypto startupHAPI, which are monitoring such money flows, CoinDesk located many other wallets raising funds for the Russian troops. Then, with the help of blockchain analytics firm Crystal Blockchain, we took a close look at how crypto is flowing from donors around the world to the Russian troops in Ukraine.
Wars are expensive, and the Russia-Ukraine conflict is no different.
As for theunderequippedRussian troops, a constant money flow is needed to buy everything from surveillance drones to warm clothing – at least that’s what pro-war influencers tell their Russian followers as they solicit for donations.
Part of those donations comes in crypto.
“The ammunition guys needed, it was just absent, we were buying warm underwear, socks, winter boots,” said Anastasia Mikhaylovskaya, a Russian right-wing celebrity raising funds for the troops, in aninterviewin December. Russian troops appeared to be “totally unprepared” for the winter war as “nobody expected the [military] operation would drag on for so long,” she added.
Mikhaylovskaya wears many hats: a movie actress, a prominent public figure on Russia’s far-right, an ally of the conservative ideologist Alexander Dugin and Ukraine’s breakaway republics’ leadership. She has been actively raising funds for food, clothing, medicine, bulletproof vests and helmets, optical equipment and drones. In her December interview she claimed her team had raised over 400 million rubles ($5.6 million) to that point.
The wallets Mikhailovskaya put on herwebsitefor donations received over6.36 ETHand25,000 USDTsince Feb. 24 (the beginning of the 2022 invasion), or about $34,000. More came to wallets published in anonymous Telegram channels raising funds in Mikhailovskaya’s name, likethis one.
Several pro-Russian fundraisers who spoke to CoinDesk, including NACC’s Lyubimov, said crypto provides a smaller part of all donations and not many donors use this channel.
Among Russian war fundraisers, the NACC and Mikhaylovskaya’s team appeared among the most efficient crypto fundraisers, according to CoinDesk’s analysis: Their wallets received significant amounts of crypto. However, some other groups raised even more.
For example, Rusich, the infamous right-wing paramilitary grouplinkedto the Wagner private military company, which has beensanctionedby the U.S., raised over 2.7 BTC, 30 ETH and $88,000 in various stablecoins, a total of over $212,700, since the start of the war. The money raised helped Rusich buy optical devices, radios, various ammunition and medical supplies, according to the reports in its Telegram group.
Donations are not the only source of money for Rusich: In November, Russian news outlet Meduza found that at least once the grouphacked a Ukrainian charity fund’swebsite and replaced one of the Ethereum blockchain addresses with its own.That walletreceived 24.6 ETH, the most crypto of any of Rusich's other known wallets. Rusich leader Alexey Milchakov confirmed to Meduza that cybercrime is one of the group’s sources of funds.
Another influencer driving large flows of donations is Vladimir Romanov, a Crimea-based blogger who gained prominence after the war began. Last spring, Romanov started posting videos of visibly scared and exhausted Ukrainians apologizing for speaking badly about the Russian army on social media. The videos could have been filmed in Russian army tents, Novaya Gazeta Europewrote.
In his channel, Romanov gives updates on the Russian troops’ advancement, often posing in military fatigues alongside active artillery. He’s raised funds to buy drones, cars and other equipment for various regimens of the Russian army, including unidentified units of rocket artillery and Special Rapid Response (SOBR).
Romanov’s wallets received over 4.3 BTC, or about $177,000, according to Crystal Blockchain.
Sisters Yekaterina and Valentina Kornienko from the Donetsk region use a totally different image: two blond women with soft smiles, accompanied by a little girl, presumably a daughter of one of the sisters, driving truckloads of drones, helmet, optical devices and other war supplies to the troops.
According to Kornienko’s Telegram channel, by September 2022 crypto wallets alone brought them15 millionRussian rubles, or about $210,000 of donations. The wallets Kornienko published on Telegram received over 2.7 BTC, 5.1 ETH and over $106,000 in stablecoins since the beginning of the war.
Other prominent fundraisers includesanctionedRussian state TV reporter Yevgeny Poddubny, who raised more than $215,000 in crypto; the Organization for the Promotion of the Preservation of Domestic Traditions and Cultural Heritage (MOO Veche), which raised about $82,000; andInterregional Organization Development of a Social Justice Societywhich has raised $86,700 since the war began, according to CoinDesk and Crystal Blockchain’s calculations.
While war-supporting Russians are chipping in to supply the army, Ukrainians opened a “hunting season” on such crypto accounts. HAPI, a Ukrainian startup building decentralized anti-money laundering (AML) tools, announced a two-weekcampaignto search for scam- and crime-related addresses last summer. People who found the most wallets got some of the project’s ownHAPItoken as a prize.
This first hunting season received good feedback from the Ukrainian crypto community, says Mark Letsyuk, head of analytics and research at HAPI. People asked the next one be focused on Russian war financing, he added. So in October the community hunted for war-relate...
- Reddit Posts (Sample): [['u/PotatoBot29', 'The VOTE on the PLAN.', 28, '2023-02-20 01:36', 'https://www.reddit.com/r/CelsiusNetwork/comments/116szno/the_vote_on_the_plan/', "As you should already know, Celsius owes you your account balance on the day of the bankruptcy in dollar value. [Coin value on that day](https://cases.stretto.com/public/x191/11749/PLEADINGS/1174911222280000000082.pdf). Examples:\n\n* If you had 1 BTC on the day of the bankruptcy (**\\~$20k**), Celsius owe you \\~$20k but it's paid in Bitcoin.\n * If Bitcoin goes to $100k, Celsius owe you 0.20 BTC (**\\~$20k**).\n * If Bitcoin goes to $1k, Celsius owe you 20 BTC (**\\~$20k**).\n* If you had $20k USDC on the day of the bankruptcy, Celsius owe you $20k USDC.\n\nThere are two groups of users that are split by a balance **under** or **over** $5k:\n\n* <$5k balance are offered 70% return of their funds.\n* \\>$5k balance is yet to be fully explained so I won't list the all the details we know of here as it's quite a bit to explain. Please check previous posts ([Celsius Plan Overview](https://www.reddit.com/r/CelsiusNetwork/comments/114lnp3/celsius_plan_overview_links/?utm_name=iossmf)), Stretto or Twitter threads from Simon Dixon or Aaron Bennett for more detailed context.\n\nI have not explained custody accounts in this post.\n\n\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\n\n**With that out of the way, HERE'S HOW I SEE THE VOTE GOING:**\n\n* Majority YES for the <$5k balance at the date of the bankruptcy (85% of users).\n * ^(Because they're offered 70% of their account balance.)\n* Majority YES for the >$5k balance who are primarily in stablecoins.\n * ^(Because they don't lose value on their coins as the market moves up or down.)\n* Majority NO for the >$5k balance who are primarily non-stablecoins like BTC, ETH etc.\n * ^(Because most of these people are long-BTC so they will lose BTC if the market goes up.)\n\nOf course there are more details to disclose and changes can be made... but I'm curious to hear your comments about how different groups will vote. Let's keep it rational - everyone can't have an immediate cash out.", 'https://www.reddit.com/r/CelsiusNetwork/comments/116szno/the_vote_on_the_plan/', '116szno', [['u/HiddenbtsCamera', 34, '2023-02-20 01:52', 'https://www.reddit.com/r/CelsiusNetwork/comments/116szno/the_vote_on_the_plan/j98bxgv/', 'Such a long corrupt way to go that sadly until there is actually a vote, and they sort out the removal of retail clawbacks.. I’m not sure what will be left or if these options above will remain. The best thing imo they can do is just insider clawback, liquidate and pay people what is left with the 40-60% haircut. That is it. Close and shut this the f down so people can invest their haircut at this time in the market where it’s possible to get their money back over time themselves. On their own hardware. Also, Alex is a shithead and deserves prison and horrible things', '116szno'], ['u/Kombucha-Krazy', 16, '2023-02-20 01:53', 'https://www.reddit.com/r/CelsiusNetwork/comments/116szno/the_vote_on_the_plan/j98c4sd/', '"IF regulators approve..." 🙄 \n\nI\'ll be honest I\'m poor but not $5,000 poor. I\'ll likely vote NO and I\'m actually surprised how many people consider this plan some kind of good deal\n\nEdit: My reasons are personal, ofc, and I don\'t like forced buy in to another potential future rug pull. I do NOT have a 5 year time horizon, anything could happen to me any day, and even if I did manage to survive that much longer I likely could have recovered some on my own by then. I\'ve been burned too many times by the Federal Reserve Notes and hidden OGs of Wall Street hedge funds likely in the background. I do not trust any party in this Chapter 11', '116szno'], ['u/mnpc', 13, '2023-02-20 03:53', 'https://www.reddit.com/r/CelsiusNetwork/comments/116szno/the_vote_on_the_plan/j98qxdd/', 'Fuck it. \n\nThey can liquidate their miners by mailing one to each of the users. \n\nThat’s more fun than a “management security token” that just grifts a management fee off what’s left of the celsius carcass.\n\nAnd that way they don’t have to set aside a bunch of what’s left of our money to start up a bunch of mining equipment contracts, leases, utility agreements, etc. \n\nYou want a convenience class? Take your antminer and some CEL tokens and go home.', '116szno'], ['u/Der_Saian', 18, '2023-02-20 06:16', 'https://www.reddit.com/r/CelsiusNetwork/comments/116szno/the_vote_on_the_plan/j996mcu/', "I have 50k in Celsius: Btc, Eth, usdc equal parts. I would take 40% liquidation right now and walk away happy. I know I will make my money back within 2 years if I put it back into btc. \nI don't trust this people as far as I can trow them. \nAlso 50k is a lot of money to me I make less than that a year.", '116szno']]], ['u/T2LV', 'All this talk of Bull market and end of winter.', 16, '2023-02-20 02:14', 'https://www.reddit.com/r/CryptoCurrency/comments/116tub4/all_this_talk_of_bull_market_and_end_of_winter/', 'Look if you have a warm winter, it’s still not summer. If you have a warm spring, not summer. A hot week in spring, not summer. If you have a really hot spring relative to normal, it’s still not summer. Just because we have a had a good start to the year, even we are bouncing back, it’s not even premature to talk bull market, it’s just a waste of your time.\nBTC, ETH below fall highs when we were in the midst of winter. 95% of alts are still 80-90% below ATH.\n\nIt’s like going on 4 dates with a girl and everything is going great. \nIs there hope? Yes.\nAre your nights of lonely masterbation behind you? Possibly….at least til marriage. \nCan you envision the relationship? Sure!\n\nBut , let’s not start looking at wedding venues and asking her if you’re “official”. Act cool like you don’t need it and you’ll be badass AF when you got it.\n\nWe are going to come out of winter at some point. It’s going to be glorious. I tend to this it might be sooner than later. But we are so far away from calling bull market, let’s just be happy we have bounced from the bottom because in 3 weeks, BTC could be 30-35k..or sub 20k. Let’s talk when we crack a decent amount above those August/September highs. \n\nI know it’s great to get excited. \nIt’s like going on 4 dates with a girl and everything is going great. \nIs there hope? Yes.\nAre your nights of lonely masterbation behind you? Possibly.\nCan you envision the relationship? Sure!\n\nBut , let’s not start looking at wedding venues and asking her if you’re “official”. Act cool like you don’t need it and you’ll be badass AF when you got it. \n\nStay warm this winter and see you all in bikini season.', 'https://www.reddit.com/r/CryptoCurrency/comments/116tub4/all_this_talk_of_bull_market_and_end_of_winter/', '116tub4', [['u/marsangelo', 12, '2023-02-20 02:16', 'https://www.reddit.com/r/CryptoCurrency/comments/116tub4/all_this_talk_of_bull_market_and_end_of_winter/j98f0sf/', 'Just gonna do my usual and have a beer and shitpost and buy my weekly $20 of BTC', '116tub4'], ['u/Kappatalizable', 22, '2023-02-20 02:32', 'https://www.reddit.com/r/CryptoCurrency/comments/116tub4/all_this_talk_of_bull_market_and_end_of_winter/j98h1kb/', 'Its fun to pretend we know what were talking about', '116tub4'], ['u/AutisticGayBear69', 14, '2023-02-20 03:27', 'https://www.reddit.com/r/CryptoCurrency/comments/116tub4/all_this_talk_of_bull_market_and_end_of_winter/j98nrmx/', 'I got lost at the "lonely nights of masterbation" part.', '116tub4'], ['u/Every_Hunt_160', 14, '2023-02-20 03:44', 'https://www.reddit.com/r/CryptoCurrency/comments/116tub4/all_this_talk_of_bull_market_and_end_of_winter/j98psxl/', "It's the 'Possibly….at least til marriage.' that did it for me", '116tub4']]], ['u/Bubbly_Chemist1496', 'Why us larger creditors might actually do okay with Novawulf', 21, '2023-02-20 02:41', 'https://www.reddit.com/r/CelsiusNetwork/comments/116uevh/why_us_larger_creditors_might_actually_do_okay/', "Hey guys, i have quite a bit stuck in Celsius (like much much more than $5000). And yes, it sucks and it looks like based on my very rough calculation we be getting at most 15% back (hopefully i'm way off the mark and we get a bit more). The rest will be in equity tokens and MSTs (i don't understand what that is) to try to fill the hold in the coming years. Now many of the redditors here are saying these equity tokens are 'worthless' and 'will go to zero' and they could be right but they could very well be wrong.\n\nthis Paul Prager guy seems like he knows about power generation /bitcoin mining\n\nfrom old media bio:\n\n*Founded in 1994, Beowulf is an independent infrastructure company that develops, builds, owns, and operates power generation and industrial infrastructure facilities worldwide. Headquartered in Maryland, the company has extensive development and operational experience in domestic and international energy markets. Beowulf has developed, constructed, acquired, and operated over $5 billion of power generation and industrial assets. Beowulf is led by its founder, Chairman, and Chief Executive Officer, Paul B. Prager.*\n\nHe has been in the power generating industry since 1994 and ran a mining company called Beowulf and now runs Terawulf\n\n[https://www.terawulf.com/terawulf-facilities/](https://www.terawulf.com/terawulf-facilities/)\n\n[https://www.terawulf.com/nautilus-cryptomine/](https://www.terawulf.com/nautilus-cryptomine/) this is a nuclear powered bitcoin mining facility.\n\nAnyways these guys clearly know what they are doing in terms of bitcoin mining.\n\nThe we have this company Figure, who's founder is a guy called Mike Cagney. He also started Provenance blockchain\n\n[https://provenance.io/solutions/](https://provenance.io/solutions/)\n\nVery clearly TeraWulf will be able to create a whole bunch of digital services such as credit cards with ...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['By Tom Westbrook SINGAPORE, Feb 21 (Reuters) - The dollar was parked below recent peaks on Tuesday, as a three-week rally faded and traders waited on economic data to figure on whether it\'s warranted to push the dollar up any further. Strong U.S. labour data and sticky inflation have raised U.S. rate expectations and supported the dollar\'s rally so far this month - Tuesday\'s European and U.S. manufacturing data and Friday\'s core PCE price index will guide the next steps. After a quiet Monday thanks to the President\'s Day holiday in the United States, the dollar stood steady at 132.24 yen and $1.0687 per euro, with the common currency finding strong support above $1.06. The U.S. dollar index has climbed three weeks in a row for a gain of about 1.7% through February so far, but has steadied at 103.86, down from a six-week high of 104.67 hit on Friday. "Friday\'s inability of euro/dollar to push lower after breaking below $1.0650 rather sums up the FX market for me," said Societe Generale strategist Kit Juckes. "There are two reasons why the dollar\'s bounce is getting stuck," he added, noting that European and U.S. growth forecasts are converging and the difference in relative rate expectations is narrowing. "I suspect that further significant dollar strength will require the Fed Funds futures market to start pricing in a 50 basis point rate hike in March," he said. Fed funds futures currently imply about a 16% chance of that, while in Europe a 50 bp hike in March is all but priced in. Elsewhere currency markets were broadly steady. Gains in oil prices and a steady Chinese yuan gave support to the Australian dollar which sat at $0.6920 as traders awaited the release of minutes from the Reserve Bank of Australia\'s February meeting. The New Zealand dollar held at $0.6259 ahead of a central bank meeting on Wednesday. Markets are pricing a 50 bp hike to bring New Zealand\'s benchmark interest rate to 4.75% and are also weighing the economic impact of Cyclone Gabrielle. "As markets contemplate the cost of rebuilding and the impact that’s likely to have on inflation, insurance flows and infrastructure spending, it’s quickly becoming a potential driver of sustained New Zealand dollar strength," ANZ analysts said. Sterling was steady at $1.2042. Overnight the Swedish crown jumped as inflation turned sticky and central bank minutes showed policymakers prepared to keep hiking. Bitcoin found support after Hong Kong\'s markets regulator published proposed rules to licence crypto exchanges, seen as a step in the direction of encouraging the city\'s development as a crypto hub. ======================================================== Currency bid prices at 0007 GMT Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar $1.0681 $1.0685 -0.04% -0.32% +1.0687 +1.0681 Dollar/Yen 134.3150 133.9500 +0.00% +2.07% +134.3550 +0.0000 Euro/Yen 143.47 143.46 +0.01% +2.27% +143.5300 +143.4500 Dollar/Swiss 0.9233 0.9232 +0.03% -0.13% +0.9234 +0.9230 Sterling/Dollar 1.2031 1.2040 +0.02% -0.42% +1.2043 +1.2040 Dollar/Canadian 1.3458 1.3453 -0.01% -0.72% +1.3458 +1.3452 Aussie/Dollar 0.6904 0.6911 -0.10% +1.28% +0.6915 +0.6904 NZ Dollar/Dollar 0.6249 0.6253 -0.04% -1.57% +0.6261 +0.6250 All spots Tokyo spots Europe spots Volatilities Tokyo Forex market info from BOJ (Reporting by Tom Westbrook; Editing by Shri Navaratnam)', 'By Tom Westbrook SINGAPORE, Feb 21 (Reuters) - The dollar was parked below recent peaks on Tuesday, as a three-week rally faded and traders waited on economic data to figure on whether it\'s warranted to push the dollar up any further. Strong U.S. labour data and sticky inflation have raised U.S. rate expectations and supported the dollar\'s rally so far this month - Tuesday\'s European and U.S. manufacturing data and Friday\'s core PCE price index will guide the next steps. After a quiet Monday thanks to the President\'s Day holiday in the United States, the dollar stood steady at 132.24 yen and $1.0687 per euro, with the common currency finding strong support above $1.06. The U.S. dollar index has climbed three weeks in a row for a gain of about 1.7% through February so far, but has steadied at 103.86, down from a six-week high of 104.67 hit on Friday. "Friday\'s inability of euro/dollar to push lower after breaking below $1.0650 rather sums up the FX market for me," said Societe Generale strategist Kit Juckes. "There are two reasons why the dollar\'s bounce is getting stuck," he added, noting that European and U.S. growth forecasts are converging and the difference in relative rate expectations is narrowing. "I suspect that further significant dollar strength will require the Fed Funds futures market to start pricing in a 50 basis point rate hike in March," he said. Fed funds futures currently imply about a 16% chance of that, while in Europe a 50 bp hike in March is all but priced in. Elsewhere currency markets were broadly steady. Gains in oil prices and a steady Chinese yuan gave support to the Australian dollar which sat at $0.6920 as traders awaited the release of minutes from the Reserve Bank of Australia\'s February meeting. The New Zealand dollar held at $0.6259 ahead of a central bank meeting on Wednesday. Markets are pricing a 50 bp hike to bring New Zealand\'s benchmark interest rate to 4.75% and are also weighing the economic impact of Cyclone Gabrielle. "As markets contemplate the cost of rebuilding and the impact that’s likely to have on inflation, insurance flows and infrastructure spending, it’s quickly becoming a potential driver of sustained New Zealand dollar strength," ANZ analysts said. Sterling was steady at $1.2042. Overnight the Swedish crown jumped as inflation turned sticky and central bank minutes showed policymakers prepared to keep hiking. Bitcoin found support after Hong Kong\'s markets regulator published proposed rules to licence crypto exchanges, seen as a step in the direction of encouraging the city\'s development as a crypto hub. ======================================================== Currency bid prices at 0007 GMT Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar $1.0681 $1.0685 -0.04% -0.32% +1.0687 +1.0681 Dollar/Yen 134.3150 133.9500 +0.00% +2.07% +134.3550 +0.0000 Euro/Yen 143.47 143.46 +0.01% +2.27% +143.5300 +143.4500 Dollar/Swiss 0.9233 0.9232 +0.03% -0.13% +0.9234 +0.9230 Sterling/Dollar 1.2031 1.2040 +0.02% -0.42% +1.2043 +1.2040 Dollar/Canadian 1.3458 1.3453 -0.01% -0.72% +1.3458 +1.3452 Aussie/Dollar 0.6904 0.6911 -0.10% +1.28% +0.6915 +0.6904 NZ Dollar/Dollar 0.6249 0.6253 -0.04% -1.57% +0.6261 +0.6250 All spots Tokyo spots Europe spots Volatilities Tokyo Forex market info from BOJ (Reporting by Tom Westbrook; Editing by Shri Navaratnam)', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin is starting the day in Asia at $24,815. What\'s going to drive it higher?\nInsights:A report by a Canadian judge considered the government\'s use of the Emergencies Act to quell a "Freedom Convoy" protest focused on Ottawa last year, but avoided recommending additional crypto regulation. The document may say more about officials\' ongoing uncertainties in addressing issues related to digital assets.\nChina, Enthusiasm, and Euphoria Might Drive Bitcoin to the Next Support Level\nCoinDesk Market Index (CMI)\n1,133\n−4.6▼0.4%\nBitcoin (BTC)\n$24,815\n+460.1▲1.9%\nEthereum (ETH)\n$1,701\n+18.2▲1.1%\nS&P 500\n4,079.09\n−11.3▼0.3%\nGold\n$1,851\n+10.1▲0.5%\nNikkei 225\n27,531.94\n+18.8▲0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nMonday was a holiday in the U.S. in honor of Presidents’ Day, but crypto never sleeps.\nBitcoin is opening the day in Asia up 1.9% to $24,815, while ether is up 1% to $1,701.\nChina-themed layer 1 protocols experienced quite a surge this week. Conflux is up 500% during the last week, while NEO is up 70%. Both are up around 40% in the last day.\nLast week Conflux announced it ispartnering with China Telecomto build blockchain-based SIM cards. It’s important to remember, however, that theConflux Network within Chinais a separate, tokenless,government-approved blockchainused in conjunction with thecountry’s Blockchain Service Network.\nCraig Erlam, senior market analyst at Oanda, says that solid economic data from a post-COVID-19, re-opened China is going to drive up stocks and crypto prices.\n“The bullish case for the Chinese economy remains solid, and the likely release of stimulus over the next couple of months as it gathers pace could supercharge that,” he told CoinDesk in an email. “Domestic demand is going to be the cornerstone of the economic revival, and policymakers appear poised to unleash that to its full potential.”\nWhile crypto and stocks might be on an upward trajectory, Erlam doesn’t see gold going in the same direction.\n“Gold traders do not share the eternal optimism that equity and crypto traders possess, and recent weeks have highlighted that perfectly,” he said. “The yellow metal fell into a corrective pattern and has struggled to get out since.”\nThis week might be a slow one with the U.S. holiday on Monday and not much scheduled for economic events in the U.S. and Europe, but it could be the start of a breakout for bitcoin, with price gains based on enthusiasm alone.\n“Cryptos are seemingly existing in a world of their own, with bitcoin rising 2% again on Monday and eyeing the highs of the last week once more,” he said. “This could be a really pivotal level for bitcoin and a break of it could generate plenty more enthusiasm. And we\'ve all seen what happens when enthusiasm and euphoria exist in cryptos.”\n[{"Asset": "Solana", "Ticker": "SOL", "Returns": "+5.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+4.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Stell
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-02-21
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $477,159,257,250
- Hash Rate: 325061359.18040776
- Transaction Count: 290457.0
- Unique Addresses: 654981.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.60
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Back during the DeFi Summer of 2020 – ages ago in Web3 time – the meme “degens” came about as a way to describe Web3 enthusiasts who were yield farming on systems with high annual percentage yield (APY) and high likelihood of failure. It’s a playful term that’s also revealing of the industry’s mercenary and self-interested side. In the first two years of the decade, driven by headlines, rising prices and FOMO, thousands of traders entered Web3 with the intention of making a quick buck. And despite a steep sell-off this year, crypto continued to go mainstream. There were Super Bowl ads. News of banks using decentralized finance (DeFi). And, yes, negative press about all the bankruptcies. Sadly, with the implosion of custodial systems like BlockFi and FTX a lot of people lost money. That is really bad for the people who were hurt and destructive for the space. Kevin Owocki is the chief executive and founder of SuperModular and co-founder of Gitcoin. This article is part of Crypto 2023 . Since Satoshi solved the Byzantine Generals Problem in the Bitcoin white paper, there have been boom and bust cycles in crypto that, from an evolutionary perspective, are similar to natural systems. In times of abundance, thousands of new projects blossom. In times of scarcity, projects fail. The survivors will be the dominant species of the next boom (as visualized in this poster I made ). Survival of the fittest is a simple yet powerful mechanism observable in the Web3 ecosystem – the fit best meet the preferences of markets. It might explain why degens, seemingly interested in short-term advancements rather than long-term success, hit a dead end. It turns out purely self-interested behaviors are maladaptive in Web3 (as they are many places in nature). Indeed, the industry that’s now known as Web3 has always had a side of it that is about more than greed and profit. Crypto is a tool for building collaborative organizations and sharing resources – the long-term trends that have always motivated participants. Story continues Recently, there’s been increasing awareness and focus on how blockchains, distributed systems with decentralized buy in, support public goods. Public goods are the stuff we all rely on (like open-source software or privacy research) but are hard to maintain and fund. See also: The Next Step in the Evolution of Web3: Regenerative Finance | Crypto 2023 Another term for this is “regenerative economics,” the idea that money can be used to incentivise communities to solve systemic issues. Even when open-source projects fail, the exercise can benefit the rest – if everyone is moving along the same axis towards social betterment. Innovate, iterate, evolve, repeat. That’s why, even in the pits of crypto winter, 2023 is ripe to be the year of the regen. Degen to regen Degens came to Web3 seeking financial upside. Regens are those who are working or building in regenerative cryptoeconomics. They have a long-term view on how Web3 can be good for the world, but not just in the financial sense. Regens see how financial systems could be designed to act as channels for greater human flourishing in service of all of humanity’s needs. My friend Gregory Landua , co-founder of the Regen Network, argues people have eight essential needs that could be expressed as forms of capital. Beyond financial capital, there’s our social, material, living, intellectual, experiential, spiritual and cultural needs. See also: How DeFi 'Degens' Are Funding the Next Wave of Open Source Needs | Opinion With programmable money, we can program our values into our money. Crypto has it within itself to create systems equally as extractive and fragile as the existing financial system. When a degen trades, he’s playing a zero-sum game – the tokens leave his wallet and enter the counterparty’s wallet and visa-versa. But Web3 can also build more positive sum protocols that expand resource capacity over time. The journey to regenerative cryptoeconomics There is a common thread linking many people in the regen ecosystem. They used to be degens! Lured by the promise of better economic circumstances for themselves and their family, they entered the ecosystem to make a profit. Over time, however, they grew enamored by the promises of collective action – often through the direct experience of contributing to or using a project. Their attitude and incentives shifted. That’s by design, built into the structure of crypto-economic systems. For instance, decentralized autonomous organizations (DAO) allow people with a shared mission to come together and pool resources – everyone involved is at least partially aligned in their values and commitments. See also: The One Word That Defines Ethereum's Goals | Opinion When you join such a community, you start learning to manage risk and ride the volatility. You think differently about capital allocation. But sometimes it takes more than that to get the bigger picture. (Kevin Owocki/SuperModular) Many regens are former degens who took this journey during the last cycle, in 2017. And that’s partially why I’m so optimistic about the future of regenerative systems. There are thousands and thousands of people who are newer to crypto, who came into Web3 in the last year or so, and they are likely on step two of the journey (i.e., down bad) now. They’ve made mistakes and learned from them, a base of knowledge that can serve for a more pragmatic approach to the next market cycle. The window of opportunity is here for newcomers to Web3 to move to step three – find community and discover crypto’s regenerative use cases. From there they will build the next cycle of projects, many that will be positive and impactful for the world. The impact(s) are already here People sometimes say to me, “Hey Kevin, this talk of regenerative crypto-economics is great, but are there any examples of theory in action?” Regen is not just talk. It is happening! In fact, Alejandra Borda and I wrote an entire book detailing 100 different examples of projects where people are using crypto to regenerate the world. To namedrop a few: Proof of Humanity, Celo, Kolectivo and Gitcoin (the crypto-based crowdfunding protocol I built) are all doing worthy things. 2023: The year of the regen In this down cycle we have an opportunity to filter the noise from the signal and rediscover our purpose. Through decentralization and peer-to-peer technology we can build a more fair, just and less extractive financial system. We can bring more democratic, more organic financial tools to the masses. As individuals, we can find community, join a DAO and BUIDL on the projects that could serve as the foundation of the next era of Web3. It’s the year to build projects that are democratic, prosocial and net-positive for the world. To regain legitimacy, the Web3 ecosystem must find ways to rotate capital, attention and talent away from the projects that have the best Ponzi-nomics and towards the projects that are going to have the most durable positive impact. We want this not because we want crypto to look good for the world, but because we want crypto to be good for the world. Many of today's most mainstream crypto projects have positive externalities. For example, OpenSea , the largest non-fungible token (NFT) exchange, has allowed thousands of artists to monetize their work and generate new forms of income that are less extractive than their Web2 counterparts. Lens Protocol , a Web3 social media platform that’s generating increasing buzz in crypto amid changes at Twitter, are enabling people to own their own data and to take their social media presence from site to site. Web3 social media has the potential to disrupt tech giants. (Disclosure: I am a Lens Protocol angel investor.) Proof Of Humanity , a registry of 18,000 Sybil attack-resistant identities, is using UBI tokens to pay people a stipend. Gitcoin is a crowdfunding platform that has delivered $72 million worth of funding to public goods and recently released a suite of protocols that allows others to crowdfund for their communities. Kolektivo is a suite of protocols that allow local communities to launch, finance and govern their own regenerative economies. See also: Who Is Building Ethereum's Public Goods? | Opinon Web3 carbon credit systems such as KlimaDAO and Toucan Protocol allow for better, faster and cheaper carbon credit trading. While carbon credits are not perfect, Web3-enabled systems such as Hypercerts allow users to reward projects with observable outcomes. Moreover, hypercerts can be used beyond climate concerns in impact areas such as education, health care, AI safety and open-source software. 2023 will be the year of the Regen. We will rebuild and regenerate not just the Web3 space, but our communities and ourselves. If you would like to get involved in the regen space, consider purchasing "ImpactDAO" and "Greenpill" books on the Gitcoin store . Use code WEB3_CAN_REGENERATE_THE_WORLD for 100% off the digital editions of either book....
- Reddit Posts (Sample): [['u/Dune7', 'After BTC, someone ports Ordinals to LTC. Is this good for Bitcoin Cash?', 22, '2023-02-21 00:09', 'https://www.reddit.com/r/btc/comments/117nme2/after_btc_someone_ports_ordinals_to_ltc_is_this/', '> A GitHub user by the name of ynohtna92 has forked the Bitcoin Ordinals protocol to support Litecoin. Some adjustments to the ordinal number scheme (sat count) were necessary for the fork to be implemented. To align with the recent Litecoin MWEB upgrade, the user inscribed the mimble wimble white paper onto the first Litecoin Ordinal.\n\n> \\- u\\/coinfeeds-bot wrote in r\\/cryptocurrency\n\nThe following comments were observed on Reddit:\n\n> "[If Ordinals breaks Litecoin, then it is not anti-fragile.](https://np.reddit.com/r/litecoin/comments/116ukuj/anthonyonchain_ports_ordinals_to_litecoin_mweb/j9azeiu/)" - u/indigo_nakamoto in r\\/litecoin\n\n> "[350KB image cost me $0.10, and to do the same thing right now on Bitcoin is about $550](https://np.reddit.com/r/CryptoCurrency/comments/117dhm4/someone_forked_bitcoin_ordinals_nfts_onto/j9bgvcp/)" - same user, in r\\/cryptocurrency\n\n> "And what is the benefit?" - another user in the same thread\n\nAnd for historical perspective:\n\n> "[...] [the very real benefit Litecoin has long had with its anti-spam mechanism making transactions that do happen to not be crowded out by worthless spam outputs.](https://github.com/litecoin-project/litecoin/issues/194#issuecomment-99261120)" - Warren Togami, developer on BTC and LTC, responding to a question about blocksize on Litecoin in 2015\n\nGuess we have to wait and see what happens when cheap blockspace meets the "storing data on the blockchain" crowd.\n\nI get flashbacks to what happened to BSV, but LTC and BTC developers are probably not going to let things get quite so bad.\n\nBut if blocks can be filled up by Ordinals cheaply, then financial transactions must pay more - or move to other chains where they are more economical.\n\nLTC still has MWEB (extension block for confidential transactions). But this was supposed to be strictly optional -- some services incl. well known exchanges do not support these private transactions.\n\nIf regular financial transactions on LTC will be crowded out by arbitrary data, then this would be bad news for financial transactions on LTC, to a surprisingly large degree.\n\nWhy?\n\n> MW does come with its own disadvantages. For example, transactions must be built interactively. It is also not script-based which makes it impossible to implement as a typical soft-fork. This also makes private Litecoin transactions BOLT incompatible and currently unsuitable for the Lightning Network being developed on top of Bitcoin and Litecoin. \n\nSource: https://github.com/litecoin-project/lips/blob/master/lip-0003.mediawiki#rationale-for-mimblewimble\n\nI think you can figure out the implications!\n\np.s. Bullish on Bitcoin Cash :)', 'https://www.reddit.com/r/btc/comments/117nme2/after_btc_someone_ports_ordinals_to_ltc_is_this/', '117nme2', [['u/knowbodynows', 11, '2023-02-21 02:59', 'https://www.reddit.com/r/btc/comments/117nme2/after_btc_someone_ports_ordinals_to_ltc_is_this/j9d9yva/', '> LTC and BTC developers are probably not going to let things get quite so bad.\n\nAnd what can they do exactly?\n\nIf there\'s a monkey on the LTC chain then it\'s *done* and they *have!* \n\n**This is the most gentelmen news I\'ve heard since, well, the word "ordinals" last month.**\n\nThe first ape pic on LTC will be the first jpg \'nft\' I\'m interested to bid on, the \'silver\' that catalyzed the end of \'gold.\' \n\n[Picture of bicycle rider shoving monkey painting into his front spokes]', '117nme2'], ['u/KallistiOW', 10, '2023-02-21 06:42', 'https://www.reddit.com/r/btc/comments/117nme2/after_btc_someone_ports_ordinals_to_ltc_is_this/j9dzmni/', '- no segwit, the "inscriptions" are being stuffed into the discounted witness part of the block, BCH doesn\'t have this\n\n- BCH has a 1mb transaction size limit, beyond that nothing really stops someone from putting whatever they want in that 1mb', '117nme2'], ['u/ftrader', 12, '2023-02-21 10:03', 'https://www.reddit.com/r/btc/comments/117nme2/after_btc_someone_ports_ordinals_to_ltc_is_this/j9efkwd/', "You're both right...\n\nData carrier size on BCH is still limited (up to 223 bytes ([220 of which can be used for payload](https://upgradespecs.bitcoincashnode.org/CHIP-2021-03-12_Multiple_OP_RETURN_for_Bitcoin_Cash/)), possibly shared by more than one OP_RETURN since CHIP-2021-03-12_Multiple_OP_RETURN_for_Bitcoin_Cash.\n\nMaximum transaction sizes are still as they were set during the fork in 2017.\n\nhttps://upgradespecs.bitcoincashnode.org/uahf-technical-spec/#req-5-max-tx-max-block-sigops-rules-for-blocks-1-mb\n\nThat means:\n\n- maximum _standard_ size of a tx is 100KB (this is the maximum that will propagate regularly on the network),\n\n- maximum size of tx per consensus is 1MB, i.e. 10 times that, but this can only be mined by getting the cooperation of a miner since non-standard transactions do not propagate on the network.\n\nThere are no current ChIPs to increase these parameters which have served Bitcoin Cash quite well (could say they're rather battle tested).", '117nme2'], ['u/ftrader', 11, '2023-02-21 10:15', 'https://www.reddit.com/r/btc/comments/117nme2/after_btc_someone_ports_ordinals_to_ltc_is_this/j9egdha/', 'NFTs via native tokens (CashTokens) become possible on BCH in May 2023 (this year).\n\nPeople cared about it :)', '117nme2']]], ['u/No-Comparison-8804', 'The only way to make money in crypto.', 24, '2023-02-21 01:11', 'https://www.reddit.com/r/CryptoCurrency/comments/117p22y/the_only_way_to_make_money_in_crypto/', "I will share the strategy that helped me grow my portfolio from 3k to 20k, which I plan to use again. I've tried leverage trades and options, and it never works out. The steps are as follows:\n\n1. find a few promising cryptocurrencies with strong fundamentals and projects that you believe in, such as ETH, MATIC, XRP, and of course, BTC.\n2. Transfer these coins to a wallet and write down the seed phrase on a piece of paper, keeping it safe in a secure location. don't get too fancy with this, just write it as follows and maybe try to memorize it for extra backup down the road.\n3. Delete any trading apps or websites you use, and disconnect from all cryptocurrency news, forums, and other sources of market information. Avoid checking the market altogether.\n4. Don't gamble your crypto. Like stated above, anything with risky leverage is just gambling, but also don't fall for predatory crypto casinos, YOU WILL ALWAYS LOSE.\n5. Make a plan to DCA (or don't) to keep adding small amounts here and there and build your portfolio over time. \n6. Enjoy your life for a few years, free from worries about your crypto investments. Pursue your interests and have fun.\n7. After a few years, check the value of your portfolio and use your newfound wealth to purchase whatever you desire.\n\n\nTLDR:\nDCA, DCA, DCA. Don’t get fancy.\n\nEdit: I didn’t expect to teach anyone something new here. I’m just reiterating the only proven way to be sustainable and play the long game correctly.", 'https://www.reddit.com/r/CryptoCurrency/comments/117p22y/the_only_way_to_make_money_in_crypto/', '117p22y', [['u/reddito321', 12, '2023-02-21 01:12', 'https://www.reddit.com/r/CryptoCurrency/comments/117p22y/the_only_way_to_make_money_in_crypto/j9cw1au/', 'We’re here to **buy high and sell low**, no idea what this “making money” thing of yours is', '117p22y'], ['u/Maxx3141', 17, '2023-02-21 01:14', 'https://www.reddit.com/r/CryptoCurrency/comments/117p22y/the_only_way_to_make_money_in_crypto/j9cwa69/', "I agree with 1 and 2, but I don't think you have to disconnect yourself from the entire crypto world. I'm holding for years, and I'm very active in the crypto space.\n\nWith time you will learn to ignore the FOMO and fear and become sceptical enough to not jump into any new alt coin.", '117p22y'], ['u/_cipherunknown', 74, '2023-02-21 01:28', 'https://www.reddit.com/r/CryptoCurrency/comments/117p22y/the_only_way_to_make_money_in_crypto/j9cy2fs/', 'Step 0: Have spare FIAT to invest with', '117p22y'], ['u/Maleficent-Ad-8763', 12, '2023-02-21 01:33', 'https://www.reddit.com/r/CryptoCurrency/comments/117p22y/the_only_way_to_make_money_in_crypto/j9cyqvu/', 'The most important one!!', '117p22y']]], ['u/TheOtherCoolCat', 'Wayback in time, quick look at Dogecoin', 26, '2023-02-21 03:05', 'https://www.reddit.com/r/CryptoCurrency/comments/117rhz9/wayback_in_time_quick_look_at_dogecoin/', 'Some days ago I was totally surprised to find out that Dogecoin was actually created back in 2013. \n\nCreated by Billy Markus and Jackson Palmer. It was officially launched on December 6, 2013 and had over a million visitors on its website within its first month. On December 19, 2013 it already had a large pump rising from $0.00026 to $0.00095 (nearly 300%). Then 3 days later it crashed, losing 80% of its value.\n\n[the background had words popping up in a manner of the doge meme \\\\"such currency\\\\"](https://preview.redd.it/txf2spsb3gja1.png?width=1920&format=png&auto=webp&v=enabled&s=cd07e7ed006e63662a83af72ca94c99737fdf0e0)\n\nThere\'s a lot of history behind the coin. With hacks, large pumps and the community getting together to "SaveDogemas", to help those who had their coins stolen.\n\nI won\'t be going deep into the story behind Doge. I was more curious about when Dogecoin started appearing on the top50 list. The earliest date that I could find on CoinMarketCap where Dogecoin appears in the top50 is December 18, 2013. \n\nMarket Caps 18-dec \nBTC: $6,781,166,595 \nLTC: $406,447,486 \nDOGE: $2,157,056 \n\nhttps://preview.redd.it/hv320uby4gja1.png?width=921&format=png&auto=webp&v=enabled&s=24af349639a9ad16b2681a38e1f49eb0587459c3\n\nThen within a few days on December 21 it had already tripled its market cap and rose to the...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin can\'t seem to break past the $25K mark. But when it does, $30K is the next important milestone. Here\'s why. Insights: Some of crypto\'s China narrative is old, some of it is new. Is the market treating this irrationally? Prices $30,000 is Bitcoin\'s Next Important Milestone CoinDesk Market Index (CMI) 1,130 −6.2 ▼ 0.5% Bitcoin (BTC) $24,405 −404.6 ▼ 1.6% Ethereum (ETH) $1,661 −39.3 ▼ 2.3% S&P 500 3,997.34 −81.8 ▼ 2.0% Gold $1,845 +4.8 ▲ 0.3% Nikkei 225 27,473.10 −58.8 ▼ 0.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin is lingering around $24,400 as Asia begins its business day, down 1.6% in the last 24 hours. Ether has also experienced a slight correction too, down 2.3% to $1,661. Some of the "China coins" that surged over the last week are also seeing a slight correction. Conflux (CFX), which is up a staggering 485% during the last week, is down 4.7% on the day. Gareth Soloway, chief market strategist at Verified Investing, says the China narrative continues to be what’s attracting new bitcoin buyers. “The big question is, in spite of interest rates going up and the dollar gaining strength, is there a catalyst that can push it over [$25,000]?” he said during an interview on CoinDesk TV. “I think this narrative out of Hong Kong could be something that helps.” Soloway points to the 200-weekly moving average as being $25,000, which creates a strong resistance level with some headwinds. “If we can punch through $25,000 and get above that level, it’s a straight shot to $30,000,” he said. That figure is important because in 2021, he says, $30,000 was the midpoint low for the year. Prices came down from an April 2021 high of $60,000 to $30,000 at the end of July before rallying back to around $69,000 in November. “If we can retrace and get back above $30K, that would solidify that the lows are in for crypto,” he said. “I still think that there are some nervous issues out there the market has to resolve, but $30K being recaptured would put that to rest.” Story continues Biggest Gainers Asset Ticker Returns DACS Sector Avalanche AVAX +2.4% Smart Contract Platform Stellar XLM +0.6% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Polygon MATIC −5.4% Smart Contract Platform Decentraland MANA −4.6% Entertainment Gala GALA −4.5% Entertainment Insights Any token that’s China-related is currently off to the moon. Conflux (CFX) has risen 467% during the last week, according to CoinGecko data , while NEO is up 51% and filecoin (FIL) is up 60%. The "China narrative" has been used to sell the next bull market. But what exactly is this narrative? Some of it is new, some of it is old. And some of it is more hype than substance. Hong Kong and retail crypto traders Hong Kong’s Securities and Futures Commission (SFC) is starting a consultation process for licensing crypto exchanges to serve retail investors . The SFC spent the last few years working on a consultation plan for Professional (accredited) investors, which goes live on June 1 . Stablecoins are also set to be regulated in the city, and it\'s likely that they will be using locally incorporated institutions and trusts. CoinDesk has asked Tether, Circle and Paxos if they would be interested in applying to be regulated under Hong Kong’s proposed stablecoin regime – so far none have responded. Don’t expect super-leveraged crypto degeneracy when this launches. Regulators are talking about things like "approved tokens" and "risk profile." This is likely going to be a controlled, calm walled garden of crypto. Crypto is already widely available in China Officials from China’s Liaison Office are apparently interested in Hong Kong’s progress with crypto, and have been reportedly stopping by conferences and meetups in the City. Some say that this is a blessing. China can study Hong Kong’s approach to crypto much like it learned from Hong Kong about open markets. Still, there is no shortage of crypto available in China, through domestic payment rails. (OKX) (Binance) Both OKX and Binance offer active over-the-counter crypto markets for USDT, ether, bitcoin and other major cryptos. Payment is done via WeChat or a domestic bank transfer. Anyone who wants crypto in China already has it. Conflux and blockchain SIMs Part of Conflux’s sharp rise has been attributed to its announcement that it is working with China Telecom to build blockchain-based SIM cards , complete with all the Web3 terminology to get people excited like metaverse and proof of work. But Blockchain SIM cards aren’t anything new. This isn’t China Telecom’s first attempt at it. Back in 2018, China’s telecoms started to explore blockchain technology. In 2019, China Telecom began pitching the idea of a blockchain SIM with the buzzwords of the day: internet of value, internet of things, 5G. A deck advertising the technology from 2020 talked about how digital ledgers could help carriers reconcile billings. A spokesperson for China Telecom didn’t respond to a request for more technical details by press time. Around the same time, Verizon won a patent for a blockchain-based SIM card it was calling vSIM. Verizon’s exact approach didn’t win out, and what it was describing has become eSIMs . It’s also important to remember the Conflux operating within China isn’t the same Conflux you access with the CFX token. The version of Conflux that has been funded by various provincial governments in China, such as Hunan and Shanghai’s city government, doesn’t have a token and uses a made-in-China encryption protocol. The same team is behind it, and the tech is mostly the same, but China’s version of the chain doesn’t touch the global version. Tony Ling, a China-based partner at Bizantine Capital, calls Conflux a “one country, two systems” blockchain, noting that its chain and performance is strong but development has been restricted due to compliance with domestic policy. “It has no [cryptocurrency] in China, it may be somewhat different from traditional public chains,” he said. “Conflux is the only public chain recognized by the government in China.” What’s old is new again Finding the catalyst for China’s crypto boom is tough. Hong Kong allowing retail crypto is a long way off. Authorities there are only in the consultation stage, and even when it launches it\'s going to be a controlled environment. That said, crypto is already widely available in China, albeit through gray channels like OTC desks. But it’s as simple as using a virtual private network to access Binance or OKX then completing a transaction with WeChat Pay. Conflux has been around for a while. Blockchain SIMs aren’t a new idea and haven’t yet taken off. Maybe it’s just the economy? China’s "home team" tokens are rising because the stock market is up. Craig Erlam, a senior market analyst at Oanda, outlined this thesis in an earlier interview with CoinDesk. “The bullish case for the Chinese economy remains solid, and the likely release of stimulus over the next couple of months as it gathers pace could supercharge that,” he told CoinDesk in an email. “Domestic demand is going to be the cornerstone of the economic revival, and policymakers appear poised to unleash that to its full potential.” The Hang Seng Index is up 4% in the last six months as the market looks forward to China’s post-COVID-19 reopening and domestic consumption coming back. Time to see how strong the correlation with crypto is. Important events 9:00 a.m. HKT/SGT(1:00 UTC) New Zealand Monetary Policy Statement 3:00 p.m. HKT/SGT(7:00 UTC) Germany Harmonized Index of Consumer Prices (YoY/Jan) 6:00 p.m. HKT/SGT(10:00 UTC) United States Federal Open Markets Committee Minutes CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : BNB-Bitcoin Ratio Falls to Lowest Level Since August; Custodia Bank CEO on State of Crypto Regulation BNB, the native token of the Binance-initiated blockchain network BNB Chain, is losing ground against bitcoin (BTC) in the wake of regulatory action against Binance-branded dollar-pegged stablecoin BUSD. Bitwise Asset Management President Teddy Fusaro shared his analysis. Plus, Custodia Bank founder and CEO Caitlin Long discussed the state of U.S. crypto regulation. And, Tribe Capital managing partner Boris Revsin explained how venture capital firms are investing in the wake of FTX. Headlines Crypto Markets Analysis - Bitcoin Breaches Rare ‘Golden Cross’ Threshold : The crossing of bitcoin’s 50- and 200-day moving averages has historically been a bullish indicator. Coinbase Q4 Revenue and Earnings Beat Expectations, but Transaction Volume Falls 12% From Q3 : The crypto exchange reported its fourth-quarter earnings on Tuesday after the close. What Are VCs Funding After FTX? More Decentralized Infrastructure : Infrastructure projects and regulatory-resistant protocols have attracted cautious investors. Polygon Labs Cuts 20% Workforce, Almost 100 Jobs : The firm said that the job cuts are part of its consolidation earlier this year. CoinShares Sees 2022 Income Plunge 97% to $3.6M : CoinShares said it had GBP 26 million of its assets on FTX at the time the exchange halted withdrawals.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices: Bitcoin can\'t seem to break past the $25K mark. But when it does, $30K is the next important milestone. Here\'s why.\nInsights: Some of crypto\'s China narrative is old, some of it is new. Is the market treating this irrationally?\n$30,000 is Bitcoin\'s Next Important Milestone\nCoinDesk Market Index (CMI)\n1,130\n−6.2▼0.5%\nBitcoin (BTC)\n$24,405\n−404.6▼1.6%\nEthereum (ETH)\n$1,661\n−39.3▼2.3%\nS&P 500\n3,997.34\n−81.8▼2.0%\nGold\n$1,845\n+4.8▲0.3%\nNikkei 225\n27,473.10\n−58.8▼0.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. U
**Last 60 Days of Bitcoin's Closing Prices:**
[]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-02-22
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $465,135,761,025
- Hash Rate: 272506528.65423405
- Transaction Count: 282319.0
- Unique Addresses: 660490.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.59
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: A solo Bitcoin miner with an average hashing power of just 10 TH/s (terahashes per second) won the race to add block772,793to the Bitcoin blockchain on Friday.
At the time the block was added, Bitcoin's total hash rate was just over 269 exahash per second, meaning the solo miner's 10 TH/s hash rate represented just 0.000000037% of the blockchain's entire computational power.
Put simply: It was an extremely unlikely win for an individual miner.
Despite the odds stacked against them, the solo miner was the first to produce a valid hash for the block to be mined. In return, the miner received 98% of the total 6.35939231 BTC allotted for the block reward and fees. The remaining 2% went to Solo CK Pool, an online mining service that facilitates individual mining.
To add a block to aproof-of-workblockchain like Bitcoin, the miner must be the first to calculate a valid hash for the block, which can only be discovered using brute computational force.
Mining machines run an encryption algorithm to produce a hash that falls below a threshold specified by the network. If the algorithm produces a value that is above the hash target, the miner tries the algorithm again with a slightly altered input to produce a completely new value for the hash. Miners built specifically to perform this function are able to compute trillions of unique hashes each second.
However, even if a miner's machine were able to only produce one hash per second, it is theoretically possible that the algorithm's first output could be a valid hash to solve the block.
The chances of adding a block as a solo miner are determined by the number of hashes the miner's rig is computing per second in relation to the total number of hashes that all of the machines on the network are computing each second.
According to a post from user Willi9974 on theBitcoinTalk forumless than an hour after block 772,793 was solved, the lucky solo miner had an average hash rate over the previous hour of 10.6 TH/s.
The information posted on BitcoinTalk also revealed that the ~10 TH/s was the combined power of four machines (called "workers"). This suggests that this solo miner's rig was likely made up of four USB stick Bitcoin miners, which can individually achieve a hash rate of around 3 TH/s and cost roughly $200 each.
Using the difficulty levelincludedin block 772,793 and assuming the solo miner's rig was computing 10 TH/s, it is possible to calculate the total estimated hash rate as 269,082,950 TH/s at the time the block was solved.
Based on this, the odds of this solo miner being the first to solve the block with a valid hash are one in 26.9 million. Statistically, that means that if the same circumstances were repeated infinite times, the solo miner would add the block 0.000000037% of the time, on average.
While this scenario was extremely unlikely, similar "once-in-a-lifetime" events in Bitcoin mining have happened before.
One year ago, in less thantwo weeks, there werethree differentsolo miners that solved blocks with improbable hash rates—the third's hash rate wasapparentlyjust 8.3 TH/s in comparison to the estimated 190,719,350 TH/s total hash rate, which comes out to a one in 23 million chance (or 0.000000044%).
A hash is either valid and thus solves the block, or it isn't. There is no strategy involved, as the entire system is based on the random generation of hash values and the response mechanisms of the network to maintain core probabilities. Bitcoin runs on code and formulas, so a solo miner somehow solving the next four blocks is perfectly possible within Bitcoin’s mathematical system.
Anecdotes about solo miners like these could end up introducing a new hobby to the ever-hopeful. However, the vast majority of blocks added to the Bitcoin blockchain today have been produced by large pools of mining rigs that combine their hashing power and share earnings.
In doing so, each miner's contribution is rewarded proportionally each time the pool mines a block.
According to blockchain explorer and mining poolBTC.com, the largest Bitcoin mining pool is currently Foundry USA, with its collective 90.19 EH/s computing power making up 31.3% of the network's total hash rate—which means they earn a share of the block rewards and fees for one in every three blocks, on average.
Mining poolsdate back to 2010and have steadily captured greater shares of hash rate distribution year over year as mining difficulty increased and mining technology improved. Today, at least 98% of Bitcoin miners online belong to a mining pool....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['TORONTO , Feb. 22, 2023 /CNW/ - Evolve Funds Group Inc. (" Evolve " or the " Manager ")\xa0announces the appointment of Coinbase as sub custodian for all digital assets, effective February 22, 2023 . Evolve offers investors access to digital assets through the Bitcoin ETF, Ether ETF and Evolve Cryptocurrencies ETF which trade on the TSX under the ticker symbols, EBIT, ETHR and ETC, respectively. With combined assets over $148 million , these ETFs provide investors with exposure to the daily price movements of the U.S. dollar price of Bitcoin and Ether, by utilizing the benefits of the creation and redemption processes offered by the exchange traded fund structure. No changes have been made to the investment objectives or strategies of these ETFs, as a result, of the sub custodian appointment. With over $100 billion in assets on platform, Coinbase has approximately 108 million verified users and 245,000 ecosystem partners in over 100 countries that securely invest, spend, save, earn, and use crypto . About Evolve Funds Group Inc. With over $5.2 billion in assets under management, Evolve is one of Canada\'s fastest growing ETF providers since launching its first ETF in September 2017.\xa0 Evolve specializes in bringing innovative ETFs to Canadian investors.\xa0 Evolve\'s suite of ETFs provide investors with access to: (i) index-based income strategies; (ii) long term investment themes; and (iii) some of the world\'s leading investment managers.\xa0 Established by a team of industry veterans with a proven track record of success, Evolve creates investment products that make a difference. \xa0For more information, please visit www.evolveetfs.com . Join us on social media: Twitter | LinkedIn | Facebook Commissions, management fees and expenses all may be associated with exchange traded funds (ETFs). ETFs are not guaranteed, their values change frequently and past performance may not be repeated. There are risks involved with investing in ETFs. Please read the prospectus for a complete description of risks relevant to ETFs. Investors may incur customary brokerage commissions in buying or selling ETFs. Please read the prospectus before investing. Story continues Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to a future outlook and anticipated distributions, events or results and may include statements regarding future financial performance. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "anticipate", "believe", "intend" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Evolve undertakes no obligation to update publicly or otherwise revise any forward-looking statement whether as a result of new information, future events or other such factors which affect this information, except as required by law. SOURCE Evolve ETFs Cision View original content: http://www.newswire.ca/en/releases/archive/February2023/22/c0820.html', 'TORONTO , Feb. 22, 2023 /CNW/ - Evolve Funds Group Inc. (" Evolve " or the " Manager ")\xa0announces the appointment of Coinbase as sub custodian for all digital assets, effective February 22, 2023 . Evolve offers investors access to digital assets through the Bitcoin ETF, Ether ETF and Evolve Cryptocurrencies ETF which trade on the TSX under the ticker symbols, EBIT, ETHR and ETC, respectively. With combined assets over $148 million , these ETFs provide investors with exposure to the daily price movements of the U.S. dollar price of Bitcoin and Ether, by utilizing the benefits of the creation and redemption processes offered by the exchange traded fund structure. No changes have been made to the investment objectives or strategies of these ETFs, as a result, of the sub custodian appointment. With over $100 billion in assets on platform, Coinbase has approximately 108 million verified users and 245,000 ecosystem partners in over 100 countries that securely invest, spend, save, earn, and use crypto . About Evolve Funds Group Inc. With over $5.2 billion in assets under management, Evolve is one of Canada\'s fastest growing ETF providers since launching its first ETF in September 2017.\xa0 Evolve specializes in bringing innovative ETFs to Canadian investors.\xa0 Evolve\'s suite of ETFs provide investors with access to: (i) index-based income strategies; (ii) long term investment themes; and (iii) some of the world\'s leading investment managers.\xa0 Established by a team of industry veterans with a proven track record of success, Evolve creates investment products that make a difference. \xa0For more information, please visit www.evolveetfs.com . Join us on social media: Twitter | LinkedIn | Facebook Commissions, management fees and expenses all may be associated with exchange traded funds (ETFs). ETFs are not guaranteed, their values change frequently and past performance may not be repeated. There are risks involved with investing in ETFs. Please read the prospectus for a complete description of risks relevant to ETFs. Investors may incur customary brokerage commissions in buying or selling ETFs. Please read the prospectus before investing. Story continues Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to a future outlook and anticipated distributions, events or results and may include statements regarding future financial performance. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "anticipate", "believe", "intend" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Evolve undertakes no obligation to update publicly or otherwise revise any forward-looking statement whether as a result of new information, future events or other such factors which affect this information, except as required by law. SOURCE Evolve ETFs Cision View original content: http://www.newswire.ca/en/releases/archive/February2023/22/c0820.html', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin dropped near $23,600 following the release of less than encouraging minutes from the FOMC January meeting but rebounded along with other major cryptos later in the day.\nInsights:Hundreds of fake ChatGPT tokens are luring crypto investors. The issuers of these tokens are looking to take advantage of the craze surrounding the this technology innovation.\nCoinDesk Market Index (CMI)\n1,121\n−7.1▼0.6%\nBitcoin (BTC)\n$24,164\n−233.3▼1.0%\nEthereum (ETH)\n$1,641\n−17.5▼1.1%\nS&P 500\n3,991.05\n−6.3▼0.2%\nGold\n$1,834\n+1.3▲0.1%\nNikkei 225\n27,104.32\n−368.8▼1.3%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin Sinks Than Rallies Above $24.1K After FOMC Minutes\nStirred but not shaken, crypto markets dropped a little on Thursday, rose some but remained in the red after the U.S. central bank\'s Federal Open Market Committee (FOMC) released minutes that were short of encouraging.\nBitcoin was recently trading at $24,164, down 1% over the last 24 hours. The largest cryptocurrency by market capitalization dropped near $23,600 in the immediate aftermath of the FOMC report, which noted slowing growth – a boon for investors hoping for more dovish Federal Reserve monetary policy – but also data suggesting that inflation and the prospects of a harsh recession remained real, pleasing monetary hawks.\n"Everyone\'s wary of what\'s to come over the course of this year," Jake Boyle, chief commercial officer at crypto brokerage Caleb and Brown, said on CoinDesk TV. "At this point, it looks like the stance has become more conservative on the basis that 25 basis points is less impactful than 50, but it\'s critical that we all remember that it is still going up, which means that the solution is clearly not there."\nBoyle added: "Paired with the regulatory uncertainty that the crypto space is seeming to have these days, it would be fair for us to make the assumption that there is going to be further volatility and unexpected announcements over the course of this year."\nEther was recently changing hands at $1,641, off 1.1% from Tuesday, same time. Yet CoinDesk analyst Glenn Williams noted that BTC and ETHwere divergingon a different front, with investors sending bitcoin to exchanges and removing ether from them. The moves have signaled bearish sentiment for bitcoin and bullishness for ether, a departure from their usual correlation. Separately, on Tuesdaylayer 2 scaling system ArbitrumsurpassedEthereum in daily transactions, increasing Arbitrum’s dominance as the leading layer 2 rollup.\nOther major cryptos were mixed with some ticking up a little but others slightly in the green, although APT, the token of layer 1 platform Aptos, recently climbed more than 6%.\nStocks fell amid the same inflationary and recessionary fears that have bedeviled markets for the past few days with the S&P 500, which has a tech-heavy component, dropping 0.2%, its fourth consecutive daily decline, and the technology-focused Nasdaq and Dow Jones Industrial Average (DJIA) also edging down slightly.\nCrypto news ranged from upbeat to reminders of cryptos\' nearly 15 months of sturm and drang. Investment banking giant JPMorgan said in a research report that crypto exchange Coinbaseis well positionedto deliver notable year-on-year improvement in EBITDA." But a legal filing by the U.S. Federal Trade Commissions said that the agencyhas startedan investigation into bankrupt crypto lender Voyager Digital and its executives for deceptive marketing of cryptocurrency.\nIn an email to CoinDesk,Anthony Georgiades, co-founder
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-02-23
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $472,893,351,344
- Hash Rate: 332847259.9991002
- Transaction Count: 290728.0
- Unique Addresses: 693262.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.56
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: The price of Tron (TRX), the 18th-largest token by market capitalization, tumbled Friday amidtensions at crypto exchange Huobias the broader crypto market rose.
This article originally appeared inCrypto Markets Today, CoinDesk’s daily newsletter diving into what happened in today's crypto markets.Subscribe to get it in your inbox every day.
• Tron founder Justin Sun sits on Huobi’s advisory board.The exchange said Fridayit will cut its headcountby 20% and require employees to take their salaries in stablecoins. It also closed internal staff communication channels to quell a rebellion, according to reports on Twitter.
• TRX fell nearly 8% early Fridaybefore it settled back to a 1.6% loss in the past 24 hours, data showed. The price is above a support level of 5 cents, and if it drops below that, the tokens could slip to as low as 3 cents, price charts show. Huobi’s native HT exchange tokens have lost as much as 11% in the past 24 hours.
• The Tron-based stablecoin USDD fell 3 cents, effectively losing its intended peg to the U.S. dollar.Such price action caused the value locked on Tron-based decentralized applications to fall by 2%, DefiLlama data shows.
• Futures tracking TRX saw less than $1 million in liquidations on exchanges, suggesting the selling was mostly spot driven. Spot refers to actual tokens, while futures are derivative financial instruments that allow traders to bet on the prices of the underlying tokens.
• Meanwhile, security firm PeckShield notedon Twitter that crypto wallet addresses linked to Sun moved over $50 million to crypto exchange Binance.
Bitcoin (BTC):The largest cryptocurrency by market value was recently trading at the $16,900 level, up 0.2% in the past 24 hours. BTCbriefly topped $17,000in afternoon trading hours (EST). Equities wrapped up Friday’s trading with gains following astrong U.S. jobs report. The tech-heavy Nasdaq Composite closed up 2.5%, while the S&P 500 and Dow Jones Industrial Average (DJIA) rose 2.2% and 2.1%, respectively.
Ether (ETH):The second-largest cryptocurrency followed BTC’s trajectory, trading up 0.9% over the past 24 hours to change hands at around $1,265.
Bonk inu (BONK):Developers behind Solana-based memecoin project Bonk Inu (BONK)burned over 5 trillion tokens, or 5% of the total supply, earlier on Friday, blockchain data showed. The move claimed to have effectively burned all tokens earmarked for developers of the project. The BONK price dropped 36% in the past 24 hours, according to data from CoinGecko.
CoinDesk Market Index (CMI)
810.63
+5.0▲0.6%
Bitcoin (BTC)
$16,931
+86.7▲0.5%
Ethereum (ETH)
$1,266
+14.1▲1.1%
S&P 500 daily close
3,895.08
+87.0▲2.3%
Gold
$1,871
+36.1▲2.0%
Treasury Yield 10 Years
3.57%
▼0.2
BTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET
By Glenn Williams Jr.
Bitcoin and Ether maintained their penchant for flat trading this week, with prices moving just 1.3% and 4.6%, respectively, over the most recent seven days.
On a relative basis, BTC's seven-day performance was 18th among the top 20 cryptocurrencies by market capitalization. Ether was 12th in the group.
Over the most recent 30 days, BTC and ETH have moved just 0.7% and 0.8% respectively, reflecting the recent, stagnant price action. The laggard for the week was LEO, which declined 1.6%, while Solana (SOL) led the way with a 34.5% price increase.
Read the full technical take here.
• Listen 🎧:Today’s "CoinDesk Markets Daily" podcast discusses the latest market movements and a look at how SBF is grasping at straws.
• Case for Bitcoin Weakens as Global Stockpile of Sub-Zero Bond Yields Vanishes
• 'Binance Effect' Means 41% Price Spike for Newly Listed Tokens
• FTX's US Leadership, Bahamas Liquidators Say They've 'Resolved' Most of Their Issues
• Sam Bankman-Fried Seeks to Keep Grasp on $450M in Robinhood Shares
• Brother of Criminal Bitcoin Mixing CEO Pleads Guilty to Stealing 712 Bitcoins From IRS
• How Smart TVs Could Help the Metaverse Crack the Mass Market
• Cathie Wood's ARK Invest Buys Almost $6M of COIN, Sells Silvergate Stock...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['FOMO3D: Arbitrum Developers hope to bring DeFi "to its knees" and leave players begging for more BOSTON MA, Feb. 23, 2023 (GLOBE NEWSWIRE) -- Over 18 months since it’s release, Arbitrum is getting the attention many of its supporters have been looking for: the high-speed, low-fee, Layer-2 Ethereum rollup network has overtaken Binance Smart Chain (BSC) in terms of daily volume . After performing neck-and-neck for much of 2023, it would appear that Arbitrum has peeled off a decent percentage of the popular centralized-decentralized network’s userbase. In other words, BSC users are feeling the fear of missing out (FOMO) on Arbitrum, which couldn’t come at a better time for the developers of the token PoSH4D (P4D) and its game component, FOMO3D: Arbitrum. Despite quietly launching PoSH4D (P4D) on February 21 st , word of the token’s release—and anticipation of the upcoming game—spread like a virus among the Arbitrum community, driving the marketcap of P4D to $350k within the first 24 hours. Why such a demand for a token with so little fanfare? Well, the project is a direct homage to the original Ethereum game FOMO3D , and if trends continue and the team can continue to deliver on their promises (so far they\'ve touted their staking platform for token-holders), FOMO3D Arbitrum could become the biggest Web3 game of 2023. "Time is a Flat Circle" The original FOMO3D was released in mid-2018, during a downturn in the cryptocurrency market: Bitcoin’s price had plunged by a third from the beginning of the year, selloffs worsened in the face of massive exchange hacks, rampant initial coin offering (ICO) scams, and rumors of incoming government regulations. However, while many in the community were overcome with doom and gloom, developers of Team JUST couldn’t help but laugh at the absurdity. FOMO3D was created as a satirical game based on the cutthroat environment that marked the 2018 “crypto winter:” the game billed itself as an “exit scam”–much like the aforementioned ICO schemes–where players purchased “private keys”–a reference to the hacked wallets that ruined several crypto exchanges that year. The game was a massive success, and the winner of the first round walked away with 10k ETH, (now valued at $17 million dollars). Given the tumultuous last year for the crypto market, it should come as no surprise that, half a decade later, in another uncertain market, the game’s themes still resonate with developers and investors alike. Story continues "DeFi, DeFi Never Changes" “There’s so many examples: Do Kwon and Terra Luna , bridge hacks like Ronin and Wormhole , and of course SBF [Sam Bankman-Fried] and FTX ,” said a spokesman for FOMO3D Arbitrum, rattling off the names of some the worst offenders in crypto of 2022 like a list of MVP athletes. “Hopefully the crypto winter put a freeze on newcomers trying to fleece the space, but in the meantime, we just want to get people’s blood pumping again, and we think Arbitrum is the perfect place for a project like this.” The spokesman opined, referring to the rollup’s adjacency to the gargantuan amounts of liquidity held on Ethereum, as well as the low cost and high speed of transactions. “Doing a revival of FOMO3D on Ethereum is impossible nowadays: even with the Merge upgrade, gas costs still regularly hit $80 per transaction and transactions can take minutes to go through, you can’t run a blockchain game like that.” Though the game is no longer on Ethereum, the developers did include a nod to the upgrades to the network, “the original was called ‘proof of weak hands,’ a play off the acronym for proof-of-work; as a nod to Ethereum moving to proof-of-stake, our revival is ‘proof of strong hands.’ Besides, if you’re still holding crypto after last year, you’ve gotta have strong hands, just how strong our community’s hands are will have to wait until the game comes out this weekend.” P4D CA: 0xEFc43Cf79f406D62960e34d3a62c729a0EEbEC4b P4D Chart: https://dexscreener.com/arbitrum/0xf4037ae51505d3c1f8f03f2916cd52136f0968b3 P4D Staking/FOMO3D dApp preview: https://dapp.fomo3darb.com/ Twitter: https://twitter.com/fomo3darbitrum Docs: https://docs.fomo3darb.com/ Medium: https://medium.com/@arbitrum3d/fomo3d-arbitrum-has-arrived-86d4011142fd Telegram: https://t.me/fomo3darbitrum CONTACT: Nicholas Gardner Copy Desk CryptoNewsNE manager at cryptonewsne.com', 'Developers hope to bring DeFi "to its knees" and leave players begging for more\nBOSTON MA, Feb. 23, 2023 (GLOBE NEWSWIRE) -- Over 18 months since it’s release, Arbitrum is getting the attention many of its supporters have been looking for: the high-speed, low-fee, Layer-2 Ethereum rollup network has overtaken Binance Smart Chain (BSC) in terms ofdaily volume. After performing neck-and-neck for much of 2023, it would appear that Arbitrum has peeled off a decent percentage of the popular centralized-decentralized network’s userbase. In other words, BSC users are feeling the fear of missing out (FOMO) on Arbitrum, which couldn’t come at a better time for the developers of the token PoSH4D (P4D) and its game component, FOMO3D: Arbitrum.\nDespite quietly launchingPoSH4D (P4D) on February 21st, word of the token’s release—and anticipation of the upcoming game—spread like a virus among the Arbitrum community, driving the marketcap of P4D to $350k within the first 24 hours. Why such a demand for a token with so little fanfare? Well, the project is a direct homage to the originalEthereum game FOMO3D, and if trends continue and the team can continue to deliver on their promises (so far they\'ve touted their staking platform for token-holders), FOMO3D Arbitrum could become the biggest Web3 game of 2023.\n"Time is a Flat Circle"\nThe original FOMO3D was released in mid-2018, during a downturn in the cryptocurrency market: Bitcoin’s price had plunged by a third from the beginning of the year, selloffs worsened in the face of massive exchange hacks, rampant initial coin offering (ICO) scams, and rumors of incoming government regulations. However, while many in the community were overcome with doom and gloom, developers of Team JUST couldn’t help but laugh at the absurdity. FOMO3D was created as a satirical game based on the cutthroat environment that marked the 2018 “crypto winter:” the game billed itself as an “exit scam”–much like the aforementioned ICO schemes–where players purchased “private keys”–a reference to the hacked wallets that ruined several crypto exchanges that year. The game was a massive success, and the winner of the first round walked away with 10k ETH, (now valued at $17 million dollars). Given the tumultuous last year for the crypto market, it should come as no surprise that, half a decade later, in another uncertain market, the game’s themes still resonate with developers and investors alike.\n"DeFi, DeFi Never Changes"\n“There’s so many examples:Do Kwon and Terra Luna,bridge hacks like Ronin and Wormhole, and of courseSBF [Sam Bankman-Fried] and FTX,” said a spokesman for FOMO3D Arbitrum, rattling off the names of some the worst offenders in crypto of 2022 like a list of MVP athletes. “Hopefully the crypto winter put a freeze on newcomers trying to fleece the space, but in the meantime, we just want to get people’s blood pumping again, and we think Arbitrum is the perfect place for a project like this.” The spokesman opined, referring to the rollup’s adjacency to the gargantuan amounts of liquidity held on Ethereum, as well as the low cost and high speed of transactions.\n“Doing a revival of FOMO3D on Ethereum is impossible nowadays: even with the Merge upgrade, gas costs still regularly hit $80 per transaction and transactions can take minutes to go through, you can’t run a blockchain game like that.” Though the game is no longer on Ethereum, the developers did include a nod to the upgrades to the network, “the original was called ‘proof of weak hands,’ a play off the acronym for proof-of-work; as a nod to Ethereum moving to proof-of-stake, our revival is ‘proof of strong hands.’ Besides, if you’re still holding crypto after last year, you’ve gotta have strong hands, just how strong our community’s hands are will have to wait until the game comes out this weekend.”\nP4D CA: 0xEFc43Cf79f406D62960e34d3a62c729a0EEbEC4bP4D Chart:https://dexscreener.com/arbitrum/0xf4037ae51505d3c1f8f03f2916cd52136f0968b3P4D Staking/FOMO3D dApp preview:https://dapp.fomo3darb.com/Twitter:https://twitter.com/fomo3darbitrumDocs:https://docs.fomo3darb.com/Medium:https://medium.com/@arbitrum3d/fomo3d-arbitrum-has-arrived-86d4011142fdTelegram:https://t.me/fomo3darbitrum\nCONTACT: Nicholas Gardner Copy Desk CryptoNewsNE manager at cryptonewsne.com', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin tossed and turned above and below $24K before settling over the threshold. Insights: Bitcoin funding rates have been positive for 10 consecutive days. Why should investors care? Prices CoinDesk Market Index (CMI) 1,118 −2.1 ▼ 0.2% Bitcoin (BTC) $24,052 −101.1 ▼ 0.4% Ethereum (ETH) $1,659 +17.7 ▲ 1.1% S&P 500 4,012.32 +21.3 ▲ 0.5% Gold $1,832 +0.2 ▲ 0.0% Nikkei 225 27,104.32 −368.8 ▼ 1.3% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Shows Its Mettle in Rebounding Above $24K Bitcoin spent Thursday in a fretfully, uncertain mood, teeter-tottering below and above $24,000 as investors continued to evaluate the U.S. Federal Reserve\'s ongoing dialogue about monetary policy and jobs data suggesting that inflation would remain problematic. The largest cryptocurrency was recently trading at $24,052, down 0.4% over the past 24 hours but well off its earlier week high over $25,000. Still, analysts remain cautiously optimistic about BTC\'s prospects after watching it surge about 40% since the start of the year amid an improved, overall economic backdrop. "People feel that the worst may be over in terms of bad news that we had in the crypto sector last y
**Last 60 Days of Bitcoin's Closing Prices:**
[]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-24
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $443,940,719,681
- Hash Rate: 262774152.6308686
- Transaction Count: 294562.0
- Unique Addresses: 695824.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.53
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: The overall stock market may be demonstrating resilience, but as uncertainty continues to run high, stocks have only made a modest, partial recovery. However, this works to your advantage, as many stocks remain at low prices, including the best stocks to buy for less than $25 per share. Although investors are starting to wager on a 2023 pivot on interest rates by the Federal Reserve , inflation remains at multi-decade highs. The Fed could still decide to keep raising rates until inflation starts to ease. With this, there may be a round or two of additional volatility before the bull market returns. Yet if you focus on high-quality lower-priced stocks, this isnt a major concern. These names can handle additional volatility. Some of these could perform strongly with secular growth catalysts even if the overall stock market stays in a slump throughout the year. InvestorPlace - Stock Market News, Stock Advice & Trading Tips So, what are the best stocks to buy for less than $25 per share? Consider these seven. Each one earns an A rating in Portfolio Grader. AAC Ares Acquisition $10.12 AACI Armada Acquisition $10.14 ABGI ABG Acquisition $10.14 ACBA Ace Global Business Acquisition $10.77 ARDX Ardelyx $3.25 GERN Geron $3.28 VYGR Voyager Therapeutics $9.12 Ares Acquisition (AAC) two businesspeople sit at a table stacking up coins in the shape of an ascending bar chart Source: Shutterstock Ares Acquisition (NYSE: AAC ) is a special purpose acquisition company. The SPAC bubble has long since passed, but while these types of stocks are no longer the subject of speculative frenzy, Ares is a promising opportunity because of its recently-announced acquisition target. Back in December, Ares announced plans to acquire X Energy Reactor Company and take it public. Although currently an early-stage enterprise, X Energy may have a massive growth runway in the decades to come. As a developer of small modular reactors X Energy may be poised to capitalize on growing renewed interest in nuclear energy. According to the companys investor presentation detailing the pending deal, SMRs could be a trillion-dollar industry by 2050 . With SPACs currently out of favor, you can pick up A-rated AAC stock at just over its initial offering price of $10 per share. Story continues Armada Acquisition (AACI) APPS stock: A digital illustration of software icons surrounding a cellphone. Source: Shutterstock Armada Acquisition (NASDAQ: AACI ) is another SPAC with a pending merger, albeit one that was announced all the way back in 2021 . Armada still plans to close on its merger with e-commerce software company Rezolve . At present, AACI has a deadline to consummate the transaction by Feb. 17 . Sure, this deadline could yet again be extended, but given how AACI stock has perked up in recent weeks (back above its $10 per share original SPAC price), the market seems to be placing its bets that the deal will soon close. Even as growth has cooled since the relaxation of Covid restrictions, the e-commerce megatrend isnt going away. This points to Rezolve continuing to grow in the year ahead, especially as current economic headwinds subside. With all this in mind, consider AACI another one of the best A-rated stocks to buy under $25 per share. ABG Acquisition (ABGI) A photo of wooden blocks that say SPAC on a folded newspaper. PSTH is a SPAC Source: Dmitry Demidovich/ShutterStock.com Unlike the two SPACs mentioned above, ABG Acquisition (NASDAQ: ABGI ) still hasnt found a merger partner. ABGI stock shareholders will vote next month , to decide whether to amend this blank-check companys articles of association to give its sponsors more time to find a suitable merger partner. If shareholders decide not to amend, ABGI will likely proceed with redeeming its common shares, when the in-place deal consummation due date arrives on Feb. 19. Given that it may soon liquidate, what makes ABGI an A-rated opportunity? Consider this a sort of asymmetric wager. With a redemption price of $10.05 per share and a stock price of $10.14 per share, there is little downside risk. On the flip side, if shareholders vote for the extension, ABG could soon lock down a worthy merger partner. Ace Global Business Acquisition (ACBA) IPOF stock: An image of wooden blocks that say SPAC over a series of one dollar bills. Source: Dmitry Demidovich/ShutterStock.com Ace Global Business Acquisition (NASDAQ: ACBA ) announced its plans to merge with LE Worldwide on Dec. 23. LE Worldwide is a producer of consumer and commercial LED lighting products. Admittedly, this SPACs merger target may sound less exciting than Ares and Armadas acquisition targets. However, there may be substantial growth potential with LE Worldwide. Per the deal announcement, the companys products are used in areas such as greenhouse farming and the internet of things (or IoT), along with smart city projects. All of these are fast-growing industries, which could in turn pave the way for high growth for LE. Although this transaction is months away (at the least) from consummation, you may want to take the opportunity to grab this A-rated stock. Shares have been trending higher since the merger news and could stay on their current trajectory in the lead-up to the deal close. Ardelyx (ARDX) Biochemical/biotech research scientist team working with microscope Source: Mongkolchon Akesin / Shutterstock.com Ardelyx (NASDAQ: ARDX ) has been on a tear lately. In the past month alone, this stock has rallied by more than 76.4%, and for a good reason. This biotech firm has made major progress in bringing its flagship drug candidate, kidney disease treatment tenapanor (branded as Xphozah) to market. As InvestorPlaces Ian Cooper recently discussed, a panel from the Food and Drug Administration has recommended approval for this drug . There is now a very high chance of obtaining full regulatory approval in the United States. This drug could improve the lives of over half a million, and provide a tremendous financial payoff for the company. Last April, analysts at Piper Sandler forecasted that Xphozah could generate around $800 million in sales within five years of its launch. Achieving this would likely send A-rated ARDX stock to even higher prices over a multi-year timeframe. Geron (GERN) Pipette adding fluid to one of several test tubes; biotech NVTA Stock Source: motorolka / Shutterstock.com Geron (NASDAQ: GERN ) is another biotech play that is one of the best stocks to buy under $25 per share. Even as GERN has taken off since December, more runway may lie ahead as the result of its flagship drug candidate, Imetelstat. As I discussed back in September, when I last wrote about GERN stock, the company has two active clinical trials for this drug . Earlier this month, Geron announced that, in one of these two trials, Imetelstat demonstrated positive results for patients with lower-risk myelodysplastic syndromes, or MDS. Gerons other active Phase 3 clinical trial is testing Imetelstats effectiveness in treating refractory myelofibrosis. If the trial data from this study shows similarly-positive findings, the companys prospects of reaching the commercialization stage will keep climbing. Forecasts call for peak annual sales of $1.2 billion for this drug . GERN stock earns an A rating in Portfolio Grader . Voyager Therapeutics (VYGR) 3D illustration of a method of colored DNA sequencing Source: ktsdesign / Shutterstock.com Voyager Therapeutics (NASDAQ: VYGR ) is a developer of gene therapies. More than doubling in price during 2022, the companys shares have continued to fly high thus far in 2023. VYGR stock has rallied more than 52% since the first trading day of the year, thanks to some game-changing news. On Jan. 9, the biotech firm announced that it has licensed the worldwide rights to its GBA1 gene therapy program to Neurocrine Biosciences (NASDAQ: NBIX ). In exchange, Neurocrine will provide $175 million in upfront consideration. Add in milestone payments and tiered royalties along with program funding, and Voyager could receive up to $1.5 billion from this partnership. Not too shabby, when you consider VYGR has a market cap of only $356.7 million. Thats not all. This A-rated biotech stock has other catalysts on tap, as the company keeps working on gene therapies tackling a variety of diseases, including Alzheimers. On the date of publication, neither Louis Navellier nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in this article. Louis Navellier, who has been called one of the most important money managers of our time, has broken the silence in this shocking tell all video
exposing one of the most shocking events in our countrys history
and the one move every American needs to make today . More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today It doesnt matter if you have $500 or $5 million. Do this now. Early Bitcoin Millionaire Reveals His Next Big Crypto Trade On Air The post 7 A-Rated Stocks to Buy for Less Than $25 appeared first on InvestorPlace ....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
| |
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['It was a week of all-around losses, with holders of the two biggest cryptocurrencies by market capitalization also hit by the bearish price action.\nMarket leaderBitcoin(BTC) only depreciated by 6% over the last seven days and currently changes hands at $23,136, according toCoinGecko.\nEthereum posted a slightly lighter loss of 7% over the same period to land on $1,604 at the start of the weekend.\nBeyond the market leaders, it was much of the same story across the board.\nPolygon(MATIC) posted one of the biggest dips, shedding 16.7% this week to trade at $1.27 at the time of writing. MATIC began its downward slide on Tuesday when news broke that Polygon Labswas laying off 100employees (20% of its workforce) after restructuring.\nThe following day, Polygon users fell prey tofalse rumorsthat the blockchain had been down for two hours.\nPolygon later revealed that a few nodes on the network temporarily went out of sync, causing the outage of an independent chain explorer called Polygonscan. Since Polygonscan hadn’t updated with new Polygon blocks or transactions for a couple of hours, people mistakenly thought Polygon itself had stopped.\nLitecoin(LTC),Polkadot(DOT), and Cardano (ADA) also posted significant losses on the week, ranging from 8% to 9%.\nSolana(SOL) had spent most of last November and all of December in freefall because of its association with executives from the collapsed FTX exchange. Since New Year, it’s managed to stymie the losses, with the asset falling just 1% this week. It traded at $22.4 at the time of writing.\nThe main reasons SOL managedto hold the fortthis week were news of the upcoming migration of the Helium network to Solana and a marked increase in Solana NFT trading volumes.\nSimilarly, theUniswap(UNI) token held off the bears, dropping just 1.4% over the week and currently selling for $6.61.\nThe token’s resilience may be due to the fact that, as of Wednesday, users of Uniswap’s NFT market can now transact with UNI andany other Ethereum-based token.\nSince the downfall of several high-profile crypto companies last year includingTerra,Celsius,Three Arrows Capital, andFTX, crypto regulation has become a recurring talking point for regulators across the world.\nRegulators in Hong Kong, Canada, and in the United States were central to this week’s high-level crypto chat.\nOn Monday, Hong Kong’s Securities and Futures Commission (SFC) published aconsultation paperproposing "toallow all typesof investors, including retail investors, to access trading services provided by licensed VA [virtual asset] trading platform operators."\nThe proposal recommends conditions be met before retail investors can trade crypto—including knowledge and risk assessments, and potential caps to how much exposure traders can get. The Commission also recommends that only "large-cap virtual assets" be eligible for regulated trade.\nHong Kong’s Finance Secretary Paul Chan on Wednesday called Web3 a “golden opportunity” for the special administrative region and promised to “establish and lead a task force on VA [virtual assets] development, with members from relevant policy bureaux, financial regulators, and market participants, to provide recommendations on the sustainable and responsible development of the sector.”\nWeb3 a ‘Golden Opportunity’ for Hong Kong: Finance Secretary\nThat same day stateside, Republican House Majority Whip Tom Emmer (R-MN)introduceda bill proposing to bar the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals, a move which he argues would erode Americans\' rights to financial privacy.\nThe CBDC Anti-Surveillance State Act would also require the American central bank to report to Congress about its experiments with digital currencies.\nThe following day, the Federal Reserveissueda new statement reminding banks of the risks of exposure to crypto. The Fed was joined in this warning by government agencies, including the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC).\nAcross the border in Canada that day, the Canadian Securities Administrators (CSA)—comprising securities regulators from each of the 10 provinces and 3 territories in Canada—published a list of new requirements for crypto companies wishing to stay compliant.\nCrypto traders in Canada are nowprohibitedfrom allowing customers to buy or deposit "Value Referenced Crypto Assets" (VRCAs), aka stablecoins, without the CSA’s prior written consent, which in this case means issuers need to ensure that the stablecoin is fiat-backed.', 'It was a week of all-around losses, with holders of the two biggest cryptocurrencies by market capitalization also hit by the bearish price action.\nMarket leaderBitcoin(BTC) only depreciated by 6% over the last seven days and currently changes hands at $23,136, according toCoinGecko.\nEthereum posted a slightly lighter loss of 7% over the same period to land on $1,604 at the start of the weekend.\nBeyond the market leaders, it was much of the same story across the board.\nPolygon(MATIC) posted one of the biggest dips, shedding 16.7% this week to trade at $1.27 at the time of writing. MATIC began its downward slide on Tuesday when news broke that Polygon Labswas laying off 100employees (20% of its workforce) after restructuring.\nThe following day, Polygon users fell prey tofalse rumorsthat the blockchain had been down for two hours.\nPolygon later revealed that a few nodes on the network temporarily went out of sync, causing the outage of an independent chain explorer called Polygonscan. Since Polygonscan hadn’t updated with new Polygon blocks or transactions for a couple of hours, people mistakenly thought Polygon itself had stopped.\nLitecoin(LTC),Polkadot(DOT), and Cardano (ADA) also posted significant losses on the week, ranging from 8% to 9%.\nSolana(SOL) had spent most of last November and all of December in freefall because of its association with executives from the collapsed FTX exchange. Since New Year, it’s managed to stymie the losses, with the asset falling just 1% this week. It traded at $22.4 at the time of writing.\nThe main reasons SOL managedto hold the fortthis week were news of the upcoming migration of the Helium network to Solana and a marked increase in Solana NFT trading volumes.\nSimilarly, theUniswap(UNI) token held off the bears, dropping just 1.4% over the week and currently selling for $6.61.\nThe token’s resilience may be due to the fact that, as of Wednesday, users of Uniswap’s NFT market can now transact with UNI andany other Ethereum-based token.\nSince the downfall of several high-profile crypto companies last year includingTerra,Celsius,Three Arrows Capital, andFTX, crypto regulation has become a recurring talking point for regulators across the world.\nRegulators in Hong Kong, Canada, and in the United States were central to this week’s high-level crypto chat.\nOn Monday, Hong Kong’s Securities and Futures Commission (SFC) published aconsultation paperproposing "toallow all typesof investors, including retail investors, to access trading services provided by licensed VA [virtual asset] trading platform operators."\nThe proposal recommends conditions be met before retail investors can trade crypto—including knowledge and risk assessments, and potential caps to how much exposure traders can get. The Commission also recommends that only "large-cap virtual assets" be eligible for regulated trade.\nHong Kong’s Finance Secretary Paul Chan on Wednesday called Web3 a “golden opportunity” for the special administrative region and promised to “establish and lead a task force on VA [virtual assets] development, with members from relevant policy bureaux, financial regulators, and market participants, to provide recommendations on the sustainable and responsible development of the sector.”\nWeb3 a ‘Golden Opportunity’ for Hong Kong: Finance Secretary\nThat same day stateside, Republican House Majority Whip Tom Emmer (R-MN)introduceda bill proposing to bar the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals, a move which he argues would erode Americans\' rights to financial privacy.\nThe CBDC Anti-Surveillance State Act would also require the American central bank to report to Congress about its experiments with digital currencies.\nThe following day, the Federal Reserveissueda new statement reminding banks of the risks of exposure to crypto. The Fed was joined in this warning by government agencies, including the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC).\nAcross the border in Canada that day, the Canadian Securities Administrators (CSA)—comprising securities regulators from each of the 10 provinces and 3 territories in Canada—published a list of new requirements for crypto companies wishing to stay compliant.\nCrypto traders in Canada are nowprohibitedfrom allowing customers to buy or deposit "Value Referenced Crypto Assets" (VRCAs), aka stablecoins, without the CSA’s prior written consent, which in this case means issuers need to ensure that the stablecoin is fiat-backed.', "It’s the technology that dare not speak its name. Are you looking for NFTs on Reddit or Instagram? You’ll have much better luck searching for “ digital collectibles ” instead. Remember when blockchain was briefly sexy? The Bitcoin mining firm formerly known as Riot Blockchain recently rebranded itself as Riot Platforms. The World Economic Forum’s head of blockchain and digital assets, Brynly Llyr, has even suggested that the crypto space rebrand itself entirely around “decentralized systems.” “For a while, we definitely don't want to call them NFTs,” said NBA All-Star Baron Davis. His photo and video rights management platform, SLiC Images, is shunning any mention of the contentious technology. Crypto—and all its associated jargon—are now toxic words. Where once simply adding the word “blockchain” to your name in
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-02-25
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $445,714,856,400
- Hash Rate: 227840889.7787333
- Transaction Count: 258413.0
- Unique Addresses: 626600.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.52
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: SEOUL, South Korea , Feb. 17, 2023 /CNW/ -- WEMIX - the native coin of WEMIX 3.0 and the bridge which connects all components of the WEMIX mega-ecosystem - has been approved for listing on Coinone, one of Korea's leading crypto exchanges. This is the result of WEMIX's efforts to enhance communications and collaboration with industry partners and stakeholders following the Q4 2022 termination of trading support for WEMIX by several Korean exchanges including Coinone. WEMIX coin approved for listing on leading Korean crypto exchange Coinone Among these efforts were several key actions that were undertaken by the Wemix Foundation including a revamped management system and real-time monitoring to increase investor access to token issuance and distribution information. Details of the listing can be found on the official Coinone site . This follows the successful listing of WEMIX on Mercado Bitcoin , the largest platform for cryptocurrencies and digital assets in Latin America . The listing of WEMIX, which has risen 195% over the past 30 days, gives Brazilians enhanced access by enabling WEMIX trading via Brazilian Real, the country's official fiat currency. "As the WEMIX ecosystem continues to expand, we are committed to collaborating with key stakeholders all around the world to ensure sustainable growth through the use of effective communications and management best practices." said Shane Kim , CEO of WEMIX PTE., LTD. (PRNewsfoto/Wemade Co., Ltd) Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/wemix-announces-coinone-listing-as-ecosystem-continues-to-expand-301749641.html SOURCE Wemade Co., Ltd Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2023/17/c3257.html...
- Reddit Posts (Sample): [['u/millywyco', 'MW Wyco Friday Inventory Update! 1st 20 Orders get an Unlisted Syringe, 3 Coupon Codes for $50 Off to Find, Orders Ending in 4 get a FREE PE Hybrid and Orders Ending in 24 are FREE! NEW This Week: Roatan Honduras and Ban Hua Thanon! Restocked AA+, APEr, B+, PESA, Tidalwave, Natalensis and More!', 43, '2023-02-25 00:16', 'https://www.reddit.com/r/Millywyco/comments/11b57kl/mw_wyco_friday_inventory_update_1st_20_orders_get/', '[www.millywyco.com](https://www.millywyco.com/) is the place to get the things!\n\n[REVIEWS!](https://www.reddit.com/r/MWReviews/) <<Leave one to get 20 rewards points to redeem in the [POINTS SHOP](https://millywyco.com/points-shop/) or verify I\'m not a professional scammer! [CHECK YOUR POINT BALANCE](https://millywyco.com/my-account/) while you\'re at it!\n\nCredit/Debit, PayPal, Cash App, Venmo, Zelle, Apple Pay, Google Pay, Bitcoin and Amazon Gift Cards (US ONLY). Cash by mail also accepted :)\n\n**\\*\\*\\*PLEASE NOTE\\*\\*\\* We cannot ship active spores to CA, ID or GA but boy howdy laws are a changin\'! Shouldn\'t be long at all.**\n\n**\\*\\*\\*PLEASE NOTE\\*\\*\\* All cultivation inquiries or any mention of cultivation of active species will result in a block, cancelled order, and invalid for any refunds or exchanges. Spores are for microscopy use only.**\n\nWelcome back, [mushroom](https://www.youtube.com/watch?v=n9TCKOHzqoA) lovers!\n\nAnother busy busy week here at the [Kamikaze Mushroom Palace](https://www.youtube.com/watch?v=SyivnRr-zdY)! Before I get into the good stuffs and irrelevant ramblings, I want to double and triple confirm that ALL orders placed and paid for up to today have been shipped! I know earlier in the week, everything I dropped off didn\'t get scanned in by USPS, so it\'s still showing that I printed the label and they are not in possession of the parcel, but the results came in and determined that was a lie! Thankfully, when it does scan at the next facility on the way to you, it usually shows where it has been previously with a time stamp so you know I wasn\'t lying about when it got to them :) If you\'d like to send me an email to confirm yours did indeed ship, I wouldn\'t hate ya for it! I know what that anticipation is like.\n\nAnd for the newer guys and dolls out there, you can check the status of an order on your account on the website. "On Hold" means I have not yet marked your order as being paid. I have to do this manually, so that doesn\'t necessarily mean you actually haven\'t paid yet, but I update this several times a day. If you\'re seeing "on hold" and it\'s been a day since you paid, feel free to hit me up to be sure I didn\'t miss something! "Processing" means just that...it\'s processing. You\'ve paid, but it hasn\'t shipped yet. Soon after this status, you\'ll see "completed" which means it\'s on the way and officially in USPS hands, where I have no control.\n\nI ended up getting behind on emails and chat messages this past week, trying to keep up with orders and demand. It\'s the worst feeling knowing I had some of you waiting in my inbox for a reply, so I delayed the post until today to get caught up. The results came back and that was the truth! If your email landed in spam or I\'m just a jerk and didn\'t get back to you about anything, please remind me! And if I made any awesome promises and didn\'t deliver, let me know! I always have this feeling that I forgot to send something out and I\'ve been rather good about writing things down and NOT relying on my memory, but I\'m sure I miss things here and there. Totally unintentional! Even if you added a note to include needles or something small and I forgot...get at me again and I\'ll have your goods on the way with the quickness :)\n\nWhen I checked inventory counts today, I was surprised by how many popular ones sold out in the past few days! You;ll be happy to know Albino A+, APE Revert, Big Blue, Ecuador, PES Amazon, Tidalwave, Ps. Natalensis, Ps. Subaeruginosa and Ps. Tampanensis are back on the shelves! Another side note to some of the new peeps out there, APE Revert is a lovely variety that has been a community favorite for a very long time, but does not look like traditional APE like you see in the pictures from the lands where they are legal to grow. This is more of a traditional cube look and has a dense spore drop, but still has some of the coveted characteristics of APE. True APE has been on my list for quite some time and I\'ve been on the hunt for no luck. Hopefully soon!\n\nNew to the library this week, I\'m proud to bring back from a very long hiatus, [**Roatan Honduras**](https://millywyco.com/product/roatan-honduras/) and [**Ban Hua Thanon**](https://millywyco.com/product/ban-hua-thanon/)! RH has such a unique look and are suitable for beginners and experts to view under the microscope. I\'ve had a good number of requests for this one and these are HIGH quality spores for you to feast your eyes on :) Ban Hua Thanon is a variety from Thailand and is similar to Koh Samui. Both of these varieties are excited to meet you and can\'t wait to enjoy all the highs AND the [Lowws](https://www.youtube.com/watch?v=semJpCQmKZE) on your journey :)\n\nGives, gets and games:\n\nThis week, I have **3 coupon codes granting $50 off your order in the shop!** I have 3 smooth vibin\' tracks linked through the first part of this post:\n\n**Coupon Code #1:** The second word of the song in the first link. (hint: this is why you\'re here. This is what you want. \\*\\*\\*\\*\\*\\*)\n\n**Coupon Code #2:** The sixth word in the 3rd line of this song (hint: my favorite emotion, \\*\\*\\*\\*)\n\n**Coupon code #3:** The artist of the song in the final link. (hint: this is who we are. include the space \\*\\*\\*\\*\\*\\*\\*\\* \\*\\*\\*\\*\\*\\*)\n\n&#x200B;\n\n**The first 20 orders after this post goes live** (5:15PM CST...my bad!) **will receive a totally new unlisted variety** with their order, not available in the shop! I reserve these special varieties to give out with promos like this and they shall not be requested! Gotta be quick with em!\n\n**All orders TODAY ONLY on 2/24 that end in "4" will receive a FREE PE Hybrid variety** with their order! It shall remain a surprise as to which one you\'ll get, but if you let me know in the in an email after your order that you\'ve already received one, I\'ll do my best to give you a different one.\n\nAnd finally, **all orders that end in "24" the week of 2/24-2/28 will get their order for FREE!**\n\nSee you in March, mushroom heads!! Love you all to the moon!!\n\nIt\'s ALWAYS now forever. It\'s NEVER not now. BE HERE NOW! You have no choice...\n\n\\*\\*\\***I love trades!\\*\\*\\*** Trades are the best! If you\'re an artist or have a specialty of your own and would like to work out a trade for some genetics, please let me know! I\'ve never ever turned down a trade and my lab is full of art, messages and nick knacks from this fantastic community. **Diabetic supplies needed and accepted too** :) Get in here!\n\nNeed to talk? Need a friend? Need to vent? I\'m here, let\'s chat! Always in Love <3\n\n**PLACING AN ORDER:**\n\nAll orders must be placed on the website to receive order confirmation and tracking emails. I have several **coupon codes** to fit most packages, but if you have a large order or need a custom coupon code, please email me, and I\'ll take care of you :) You may mix-n-match swabs, spore syringes, and liquid cultures (exotics and "special" swab packs excluded)\n\nThe most common order, and the best deal is with coupon code **5PACK**, which is for 5 cubensis spore syringes, swabs, or gourmet liquid cultures for $30, including shipping! Coupon code **10PACK** is $60 for 10 cubensis or gourmet varieties. Use coupon code **2PACK** for 2/$20, or if you need any exotics with your 5-pack, you can use coupon code **NEEDMORE** for 5 cubes and 1 exotic for $40. **NEEDMORE2** for 5 cubes and 2 exotics for $50, and so on :)\n\n**NEW EXOTIC COUPON CODES:**\n\n**TWOSpicy** \\- 2 for $25 Exotic syringes and swab packs\n\n**FOURSpicy** \\- 4 for $40 Exotic syringes and swab packs\n\n**\\*\\*\\*PLEASE NOTE\\*\\*\\* We cannot ship active spores to CA, ID or GA**\n\n**\\*\\*\\*PLEASE NOTE\\*\\*\\* All cultivation inquiries or any mention of cultivation of active species will result in a block, cancelled order, and invalid for any refunds or exchanges. Spores are for microscopy use only.**\n\n**LIST OF AVAILABLE VARIETIES (list accurate at 17:00 on 2/24/23, but will change as varieties sell out):**\n\n**CUBENSIS SPORE SYRINGES AND SWABS AND SOMETIMES PRINTS:**\n\nAcadian Coast\n\nAjax (Alabama x Jacksonville, FL)\n\nAlabama\n\nAlacabenzi\n\nAlbino A+\n\nAvery\'s Albino (SWABS ONLY)\n\nB+\n\nBig Blue (Blue Meanie iso)\n\nBlue Meanie\n\nBurma\n\nCambodian Gold\n\nColumbian Rust\n\nCorumba Brazil\n\nCosta Rican\n\nCreeper\n\nEcuador\n\nEscondido\n\nFiji\n\nGolden Mammoth\n\nGolden Teacher\n\nHillbilly\n\nHuautla\n\nIquitos\n\nJohn Allen\n\nKoh Samui\n\nLeucistic Amazon\n\nLeucistic Burma\n\nLeucistic Cambodian\n\nLeucistic Treasure Coast\n\nLizard King\n\nMalabar\n\nMars\n\nMatapanas\n\nMazatapec\n\nMelmac (SWABS ONLY)\n\nMexican Dutch King\n\nMexi-Cub\n\nOak Ridge\n\nOrissa India\n\nPakalensis\n\nPE+ (PE x B+) SWABS ONLY\n\nPenis Envy #6\n\nPES Amazon\n\nPES Hawaiian\n\nPF Classic\n\nPF Redspore\n\nPhobos (swabs only)\n\nPuerto Rican\n\nRed Boy\n\nS. African Transkei\n\nS. American\n\nSubcubensis\n\nTak Mountain\n\nTasmanian\n\nTexas Yellow Cap\n\nThai Elephant Dung\n\nTidalwave\n\nWhite Teacher\n\nXico\n\nZ-Strain\n\n**EXOTIC SPORE SYRINGES AND SWABS:**\n\nGymnopilus Luteofolius (Yellow Gilled Gymnopilus)\n\nGymnopilus Spectabilis (Laughing Gym)\n\nPs. Allenii\n\nPs. Azurescens\n\nPs. Galindoi ATL7\n\nPs. Natalensis\n\nPs. Ovoideocystidiata\n\nPs. Semilanceata (Liberty Cap)\n\nPs. Subaeruginosa\n\nPs. Tampanensis (Pollock)\n\nPs. Zapotecorum\n\n**GOURMET LIQUID CULTURES AND AGAR PLATES:**\n\nAgarikon\n\nArtist\'s Conk\n\nBear\'...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["There wereubiquitous lossesamong the leading cryptocurrencies this week as the latestinflation readingsprompted fears among investors that the Federal Reserve will keep raising interest rates this year, as it did all of last year.\nPrices were the last thing on people’s minds when there was a plethora of other issues on people’s minds this week. M Shadows, the singer for California metal band Avenged Sevenfold, took umbrage on Monday with NFT marketplace OpenSea, after the latter last week stopped enforcing the practice of ensuring creators get a 5-10% cut on the future resale of their work.\nThat day, theFinancial Timesbroke a storythat Galois Capital, a crypto-focused hedge fund, had closed down after having earlier deposited half of it $200 million in assets-under-management at the time in the now-collapsed FTX exchange. Co-founder Kevin Zhou appeared to be tweeting from the fund’s account.\nOn Tuesday, NFT news account@NFTnowbroke the story of what appears to be an elaborate, multimillion-dollar rug pull.\nFox Business journalist Eleanor Terrett that day gave an update on the ongoing case against FTX founder and former CEO Samuel Bankman-Fried, who standscharged with eight crimes, including wire fraud and conspiracy to commit money laundering.\nThat day, self-professed “Crypto Data Nerd”@0xKofiexpressed his concerns that upstart NFT marketplace Blur, whichrecently surpassed OpenSeain sales volume, was being dominated by a handful of professional traders. He called the lack of creators’ royalties “short-sighted” in a later tweet.\nSimilar numbers to Kofi’s made the rounds again the following day.\nThat same day, crypto-friendly Republican House Majority Whip Tom Emmer (R-MN)introduceda bill proposing to bar the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals, a move which he argues would erode Americans' rights to financial privacy. The CBDC Anti-Surveillance State Act would also require the American central bank to report to Congress about its experiments with digital currencies.\nCrypto sleuth Isabel Hunter on Wednesday posted the results of an investigation into where the$1 billionin Shiba Inu (SHIB) tokens that Ethereum creator Vitalik Buterin donated to India’s COVID-19 relief effort actually went. It turns out $58 million of it reached its intended recipients in the end. The rest is a wild story…\nThe United States Securities and Exchange Commission’s Hester Pierce, who last weekbroke ranksto criticize her agency’s crypto custody proposal, tweeted her mind again this week. On Wednesday, she appeared to fire a subliminal shot at her boss, chairman Gary Gensler, who is unpopular in the crypto industry for his regulation-by-enforcement strategy, which has so far involved suing high-profile crypto companies while offering the industry little guidance on how to be compliant.\nThat day, Bitcoin bull@ZK_Sharkhyped up Bitcoin NFTs, although he conceded between the lines that they have less utility than their Ethereum counterparts.\nOn Thursday Ryan Selkis, founder of crypto market intelligence company Messari, announced a 15% cut to his company's workforce.\nAlso that day, Montana state’s decision to protect the interests of crypto miners went down a treat on Crypto Twitter.\nOn Friday, an NFT researcher who tweets as@punk9059shared a chart that no doubt worried a lot of Bored Ape Yacht Club fans.\nFinally,Polygon(MATIC) crashed hard this week, shedding 21% in seven days to trade at $1.22 at the time of writing. MATIC began its downward slide on Tuesday when news broke that Polygon Labswas laying off 100employees (20% of its workforce) after restructuring. Avalanche (AVAX) founder and CEO Emin Gün Sirer fired some shots at the rival blockchain.\nMeanwhile, Uniswap founder/CEO Hayden Adams offered technical advice.", "Illustration by Mitchell Preffer for Decrypt There were ubiquitous losses among the leading cryptocurrencies this week as the latest inflation readings prompted fears among investors that the Federal Reserve will keep raising interest rates this year, as it did all of last year. Prices were the last thing on people’s minds when there was a plethora of other issues on people’s minds this week. M Shadows, the singer for California metal band Avenged Sevenfold, took umbrage on Monday with NFT marketplace OpenSea, after the latter last week stopped enforcing the practice of ensuring creators get a 5-10% cut on the future resale of their work. 18 months ago, when we started the DBC, we had a discussion about how marketplaces collected royalties and understood the fact that someday they could simply not comply. In response, we built some fail safes that could simply block these platforms from accessing our collection. — M. Shadows (@shadows_eth) February 20, 2023 That day, the Financial Times broke a story that Galois Capital, a crypto-focused hedge fund, had closed down after having earlier deposited half of it $200 million in assets-under-management at the time in the now-collapsed FTX exchange. Co-founder Kevin Zhou appeared to be tweeting from the fund’s account. In spite of that, I am proud to say that although we lost almost half our assets to the FTX disaster and then sold the claim for cents on the dollar, we are among the few who are closing shop with an inception-to-date performance which is still positive. — Galois Capital (@Galois_Capital) February 20, 2023 On Tuesday, NFT news account @NFTnow broke the story of what appears to be an elaborate, multimillion-dollar rug pull. NEWS: @Friendswithyou ’s fRiENDSiES project deleted its Twitter account after posting an announcement that the project would be put on pause. The project raised more than $5 million in a Dutch auction last year. pic.twitter.com/3veSGKPbRx — nft now (@nftnow) February 21, 2023 Fox Business journalist Eleanor Terrett that day gave an update on the ongoing case against FTX founder and former CEO Samuel Bankman-Fried, who stands charged with eight crimes , including wire fraud and conspiracy to commit money laundering. Story continues 🚨NEW: Just filed today, the defense expects to propose one or more potential candidates to act as an independent technical expert to advise the court on @SBF_FTX 's bail conditions by the end of the week. pic.twitter.com/WfkF5frBAn — Eleanor Terrett (@EleanorTerrett) February 21, 2023 That day, self-professed “Crypto Data Nerd” @0xKofi expressed his concerns that upstart NFT marketplace Blur, which recently surpassed OpenSea in sales volume, was being dominated by a handful of professional traders. He called the lack of creators’ royalties “ short-sighted ” in a later tweet. 53% of Blur's volume comes from just 500 wallets (research by Archmage @jphackworth42 🧙✨) The marketplaces are killing their profits, long-term relationships with creators and future growth prospects to compete for ~500 pro traders — Kofi (@0xKofi) February 21, 2023 Similar numbers to Kofi’s made the rounds again the following day. Hey! Here are some fun facts about NFT volume: 20% of Blur's volume comes from only 15 wallets. 50% of Blur's volume comes from less than 300 wallets. Watch the top 500 farmers drive artificial volume live over any timeframe with source below ⬇️ pic.twitter.com/chDM6B7uMv — poof (@poof_eth) February 22, 2023 That same day, crypto-friendly Republican House Majority Whip Tom Emmer (R-MN) introduced a bill proposing to bar the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals, a move which he argues would erode Americans' rights to financial privacy. The CBDC Anti-Surveillance State Act would also require the American central bank to report to Congress about its experiments with digital currencies. Today, I introduced the CBDC Anti-Surveillance State Act to halt efforts of unelected bureaucrats in Washington, DC from stripping Americans of their right to financial privacy. 👇 pic.twitter.com/lONbHFZMk7 — Tom Emmer (@GOPMajorityWhip) February 22, 2023 Crypto sleuth Isabel Hunter on Wednesday posted the results of an investigation into where the $1 billion in Shiba Inu (SHIB) tokens that Ethereum creator Vitalik Buterin donated to India’s COVID-19 relief effort actually went. It turns out $58 million of it reached its intended recipients in the end. The rest is a wild story… $58 million has reached India through @CryptoRelief_ so far – the last funding was made in July 2022. Approximately $40 million is sitting in cash with Puerto Rico-based @fvbankus , according to screenshots of February 2023 bank statements provided by Nailwal 2/8 — Isabel Hunter (@isabelhunter) February 22, 2023 The United States Securities and Exchange Commission’s Hester Pierce, who last week broke ranks to criticize her agency’s crypto custody proposal, tweeted her mind again this week. On Wednesday, she appeared to fire a subliminal shot at her boss, chairman Gary Gensler, who is unpopular in the crypto industry for his regulation-by-enforcement strategy, which has so far involved suing high-profile crypto companies while offering the industry little guidance on how to be compliant. Getting lots of questions re stablecoins & SEC: Facts & circumstances of course, but SEC should defer to Congress, which is actively considering the issue. In the meantime, we & other regulators could hold public roundtables. Enforcement actions aren't the way to write the rules. — Hester Peirce (@HesterPeirce) February 22, 2023 That day, Bitcoin bull @ZK_Shark hyped up Bitcoin NFTs, although he conceded between the lines that they have less utility than their Ethereum counterparts. Ordinals: No royalties No meta data No good wallets (yet) No marketplace (yet) No holder verification No mutability No Smart contracts No Tokens No AMMs Every inscription WILL live FOREVER on the most decentralized public ledger known to man. That's the damn utility 🫡 — zk-🦈 (@ZK_shark) February 22, 2023 On Thursday Ryan Selkis, founder of crypto market intelligence company Messari,
**Last 60 Days of Bitcoin's Closing Prices:**
[]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-26
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $447,295,963,512
- Hash Rate: 359556658.1833338
- Transaction Count: 277103.0
- Unique Addresses: 628404.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.51
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: • US stocks tumbled after hawkish talk on rates from two Federal Reserve officials.
• St. Louis Fed President James Bullard and Cleveland Fed President Loretta Mester each see the need for rates to rise to 5% or beyond.
• The Dow plunged 600 points, and the S&P 500 ended lower for a second straight day.
US stocks finished sharply lower Wednesday, reversing modest early gains, after two Federal Reserve officials stressed their desire to see more interest rate hikes aimed at tamping down on inflation.
The S&P 500 finished in the red for a second straight day, and none of its 11 sectors moved higher. Stocks rose earlier Wednesday after a drop in December retail sales and a deceleration in wholesale inflation underscored market expectations for the Fed to soften its rate-hike messaging. Retail sales fell 1.1%, and the PPI reading declined 0.5% month over month in December.
But later, St. Louis Fed President James Bullard and Cleveland Fed President Loretta Mester each acknowledged an overall slowing trend of inflation but said more interest rate increases to 5% or beyond are needed to drag prices toward the central bank's 2% target. The fed funds rate currently stands at 4.25%-4.5%.
Here's where US indexes stood at the 4:00 p.m. closing bell on Wednesday:
• S&P 500:3,928.86, down 1.56%
• Dow Jones Industrial Average:33,296.96, down 1.81% (613.89 points)
• Nasdaq Composite:10,957.01, down 1.24%
Investors have been pricing in the potential for almost two rate cuts by the Fed, but the central bank is unlikely to make such moves this year, Tom Hainlin, global investment strategist at US Bank Wealth Management, told Insider.
"We think Federal Reserve members and Chair [Jerome] Powell, in particular, have been very consistent in the messaging that they need to see inflation heading towards their desired rate with enough confidence that they would not only slow their rate hikes and pause them, but cut them," he said. "We don't see that as a 2023 feature - more of a 2024 feature."
Hainlin said his firm is recommending defensive positions to its clients. "We think there's still a slowdown coming in consumer spending and in business investment, which indicates to us we haven't yet seen corporate profit estimates come down to a level we think they're actually going to come in at."
Stocks may finish 2023 with a positive return, with the S&P 500 potentially landing at 4,275, said Hainlin.
Here's what else is happening today:
• The Justice Departmentshut down a little-known crypto exchange called Bitzlato and arrested its Russian founder.
• A top economist said to expect UShome prices to fall another 10%.
• The global stock-market rally at the start of 2023faces risks from still-elevated inflation, UBS Global Wealth Management said.
• Sam Bankman-Fried saidFTX's lawyers overlooked $428 million in cash and the bankrupt crypto exchange can make US customers whole.
• FTX lost $415 million worth of cryptoto hackers, its new bosses said.
• Microsoft stockfell after the software maker said it'slaying off 10,000 people, or about 5% of its workforce, as it prepares for a macroeconomic slowdown.
In commodities, bonds, and crypto:
• West Texas Intermediate crudeturned lower, falling 1.4% to $79.10 per barrel.Brent crude,the international benchmark, fell 1.5% to $84.65.
• Goldlost 0.4% to $1,904.50 per ounce.
• The10-year Treasury yieldfell 13 basis points to 3.37%.
• Bitcoinlost 2.8% at $20,735.11.
Read the original article onBusiness Insider...
- Reddit Posts (Sample): [['u/Auto_Mom', 'Attn :GameStop Marketplace Metaboy collectors! Snapshot will be taken tomorrow! Please read for more info', 229, '2023-02-26 01:10', 'https://www.reddit.com/r/GME/comments/11c03b4/attn_gamestop_marketplace_metaboy_collectors/', 'If you bought a Metaboy during the first week the Gamestop marketplace launched and have not yet collected your Gaia, please visit Metaboy.run and claim your free nft. You may also claim on Metaboy discord https://discord.gg/metaboy\n\nMetaboy Team has been hard at work to bring value to og holders! There’s lots of wallets that hold OG Metaboys and may not know about the utility your nft holds. Check out the website where there’s games, a studio where you can pose and take pictures of your Metaboys, there’s a beautiful museum where you can walk around as your Metaboy and see the inspiration behind the artwork. \n\nThe snapshot tomorrow is to capture the amount of OG Metaboys and Gaias you hold in your wallet. (They must be in the same wallet to be counted together) This is being done to capture holders quantities for a free or discounted mint on a new chain. Metaboy’s first odyssey will be on stacks, built on Bitcoin. This is similar to what Loopring layer 2 is to ethereum with a bigger market cap. For any questions I encourage you to reach out on discord or Twitter! Don’t miss out on all your Metaboy nfts have to offer! https://linktr.ee/metaboyinc?utm_source=linktree_profile_share&ltsid=8deb24fc-cde5-4ee4-9aa6-b69fd485a4f6', 'https://www.reddit.com/r/GME/comments/11c03b4/attn_gamestop_marketplace_metaboy_collectors/', '11c03b4', [['u/Auto_Mom', 10, '2023-02-26 02:01', 'https://www.reddit.com/r/GME/comments/11c03b4/attn_gamestop_marketplace_metaboy_collectors/ja101os/', 'If you own metaboys I strongly suggest joining the discord and/or Twitter to stay up to date on everything Metaboy! There’s all the resources necessary and lots of helpful team members for any assistance you need along the way. With Metaboy going multi chain, there will be newcomers to the metafam and we want everyone to have a memorable positive first impression of the project just we have following Metaboy as the first nft project to sell out on the GameStop marketplace!', '11c03b4']]], ['u/Psalamist', 'The best of Craig...', 28, '2023-02-26 01:39', 'https://www.reddit.com/r/bsv/comments/11c0qep/the_best_of_craig/', 'These are just my own favourite moments from the last four and a half years of his cosplay comedy\n\nCraig tells the community of the most gullible saps in internet history about when he was shot twice whilst working as a member of (the leader of?) a black ops team taking out human traffickers “permanently”:\n\n"I was offline for much of January 2011. During the time, I had travelled to Venezuela where I was working with a “Jawbreaker” team. The work was focused on stopping the trafficking of humans for the sex trade. I was in “prevention.” I did not bring people to justice, I worked with teams to stop things, permanently."\n\n"My “Blind Date” in Venezuela had me progressing West to the border of Colombia. It was my last operation of the type. I was shot twice, and evidence of it is likely to still exist on the Internet for all my efforts to have destroyed it. I met with Colombian El Departamento Administrativo de Seguridad (DAS) agents, as my job was accessing systems and information, and on the occasion, it was related to an operation associated with garnishing evidence against FARC-V. Before, I was what some people would call an “agent of influence.”\n\n[https://web.archive.org/web/20190524061133/https://craigwright.net/blog/bitcoin-blockchain-tech/the-story-of-bitcoin-continued/]\n\n\nCraig makes his famous predictions of how the crypto markets will look at the end of 2019. He does not generally call price, but asserts with 97.8% probability that BSV will be over $1,200 (With 0.1% for no blockchain winning and 2.1% for another). He calculates with 96% probability that BSV will be the no. 1 coin within 2 years (so mid-2021) and that by then most people would be of the opinion that they always knew he was Satoshi. \n\nNow it’s easy for us to mock with hindsight, but the 0% accuracy of the world’s foremost expert on most things is quite surprising. Especially when he gives such specific probabilities on such a wide field of options. \n\nhttps://web.archive.org/web/20220915155655/https://www.reddit.com/r/bitcoincashSV/comments/bwb40q/satoshis_prediction/\n\n[original post https://www.reddit.com/r/bitcoincashSV/comments/bwb40q/satoshis_prediction/] \n\n\nThe rolling iceberg threat. He made it in 2019. It didn’t happen. Perhaps there are still BSVers living in a bunker somewhere waiting. Seems unlikely. File with the bonded courier and other such postering\n\nThe checksum checkmate; Just a lovely gotcha moment. There is no coming back from that. Final proof that there is no BSV community now, just paid shills and scammers, as I cannot accept that anyone could read that account and still maintain that Creg was Satoshi\n\nHonourable mentions:\n\nRyan wondering if Creg was Jesus returned (he isn’t), but I’m wary of posting that given as it was a pretty sad watch\n\nTurth logging all criticism of Creg, himself or BSV as “death threats” (whilst making death threats against anyone who criticises Creg, himself or BSV)', 'https://www.reddit.com/r/bsv/comments/11c0qep/the_best_of_craig/', '11c0qep', [['u/nullc', 10, '2023-02-26 02:29', 'https://www.reddit.com/r/bsv/comments/11c0qep/the_best_of_craig/ja13i9m/', '(from the OP)\n\nWright on a murder-vacation in Venezuela.', '11c0qep'], ['u/nullc', 10, '2023-02-26 02:30', 'https://www.reddit.com/r/bsv/comments/11c0qep/the_best_of_craig/ja13n0p/', '(from the OP)\n\nCraig and checksum checkmate.', '11c0qep']]], ['u/oki_sauce', 'For those of you on the sidelines, what are you waiting for?', 19, '2023-02-26 03:39', 'https://www.reddit.com/r/CryptoCurrency/comments/11c37sd/for_those_of_you_on_the_sidelines_what_are_you/', "Trying to offer and receive perspective. I know there's plenty of reasons why people may not buy. This is directed towards people who don't have a position or are trying to optimize their gains by risking it for hardly much more\n\nEveryone has a reason they don't DCA weekly or monthly. Some prefer lump sum investments, maybe you decided to invest in something else, or you're waiting for another 10% drop. After a fall from 69k and as much potential as something like BTC has, what are the reasons you aren't buying? \n\nEveryone knows timing the market is a bad idea, yet so many people do it. You may even see a nice 10% dip, and then you just wait for another 10%, then miss your opportunity and buy higher. You aren't going to care that you bought BTC at 22k instead of 20k if you're expecting BTC to break ATH, for example.\n\nI haven't included any rocket emojis. Therefore, this is not financial advice", 'https://www.reddit.com/r/CryptoCurrency/comments/11c37sd/for_those_of_you_on_the_sidelines_what_are_you/', '11c37sd', [['u/meteor-vs-lizardking', 18, '2023-02-26 03:47', 'https://www.reddit.com/r/CryptoCurrency/comments/11c37sd/for_those_of_you_on_the_sidelines_what_are_you/ja1ddiv/', "most the people on this sub aren't on the sidelines. we're here because we're invested", '11c37sd'], ['u/Wonzky', 10, '2023-02-26 04:19', 'https://www.reddit.com/r/CryptoCurrency/comments/11c37sd/for_those_of_you_on_the_sidelines_what_are_you/ja1h83y/', 'TL:DR\n\nStop being poor and start gambling', '11c37sd']]], ['u/ajnsd619', "The US Government Will Never Ban Crypto. Here's Why", 35, '2023-02-26 04:45', 'https://www.reddit.com/r/CryptoCurrency/comments/11c4iao/the_us_government_will_never_ban_crypto_heres_why/', "Decentralized networks make outright bans impossible. But that won't stop US Agencies from raising the friction. A necessary step to gain control.\n\nAs a Web3 researcher, I'm afforded a deep look at what drives people who enter the space.\n\nResearchers gain perspectives from:\n\n* Start-up companies\n* Legacy business\n* Academics\n* Procrastinating public functionaries & writers\n\nTheir motives are diverse; however, I've now carried out enough assignments to see an emerging trend, common to all.\n\nThis trend shows Govt actions from a different angle. And it's rather dark.\n\nAs of February 23, 2023, Bitcoin & Ethereum have cumulatively completed 2,691,440,324 transactions.\n\n[BTC Total Txn Count](https://preview.redd.it/d57i3c3hegka1.png?width=1200&format=png&auto=webp&v=enabled&s=3889772afebc39d2dd4303cafc5f73518a1bb57c)\n\n[ETH Total Txn Count](https://preview.redd.it/rpf15oehegka1.png?width=1200&format=png&auto=webp&v=enabled&s=c618bf9104eb3b6c62f7a8accecac2143095a162)\n\nBlockchain transactions are detailed and immutable. The total 2.69B count confers their legitimacy to participants and non-participants alike.\n\nThis growing record is becoming history's deepest and most accurate metadata map ever created.\n\nThe value of the data will grow into the trillions.\n\nUS Govt actions have a single objective: *Manage access to blockchain metadata.*\n\nKeeping it open and properly recorded is beyond important. All without gatekeepers.", 'https://www.reddit.com/r/CryptoCurrency/comments/11c4iao/the_us_government_will_never_ban_crypto_heres_why/', '11c4iao', [['u/shoota28', 17, '2023-02-26 04:47', 'https://www.reddit.com/r/CryptoCurrency/comments/11c4iao/the_us_government_will_never_ban_crypto_heres_why/ja1kjn0/', 'Correction: The US government *will never be able* to ban crypto. How would they do so in an enforceable manner?', '11c4iao'], ['u/jwz9904', 11, '2023-02-26 06:37', 'https://www.reddit.com/r/CryptoCurrency/comments/11c4iao/the_us_government_will_never_ban_crypto_heres_why/ja1w4mr/', 'USA is not the rest of the world. Let’s de-Americanize crypto.', '11c4iao']]], ['u/Odlavso', 'Congratulations to Solana for coming back online after being down for 21 hours', 1712, '2023-02-26 05:2...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
| |
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Solana is back and ticking upwards while bitcoin appears overbought.\nInsights:The SEC has overreached in its latest actions against crypto entities, but the crypto industry must improve its lobbying efforts to ensure future regulation is effective.\nCoinDesk Market Index (CMI)\n1,111.23\n+22.5▲2.1%\nBitcoin (BTC)\n$23,475\n+354.0▲1.5%\nEthereum (ETH)\n$1,636\n+43.7▲2.7%\nS&P 500 daily close\n3,970.04\n−42.3▼1.1%\nGold\n$1,820\n+11.2▲0.6%\nTreasury Yield 10 Years\n3.95%\n▲0.1\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nGood morning, Asia, here’s how the crypto market is moving this Monday.\nSolana is up early 4%after the protocolcrashed twice during the weekend, freezing transactions. The Solana Foundation says aninvestigation is underway into the cause of the crashand will be available shortly.\nMeanwhile, bitcoin is trading flat at $23,475. The world’s largest digital asset is up 1.5% in the last 24 hours. Ether is up 2.7% to $1,636.\nKatie Stockton, founder, and managing partner at Fairlead Strategies, recently said on CoinDesk TV that bitcoin appears “overbought” making it difficult to clear $25,000.\n“The overbought condition would suggest that that resistance is left intact,” she said.\nEther, Stockton says, is looking just like bitcoin. Both are part of a top-down-oriented market where macro forces are price action “as opposed to the fundamental value of things.”\n“[Ether] does look just like bitcoin, the range there as defined by resistance around $1,670,” she said.\nJoe DiPasquale, CEO of crypto fund manager BitBull Capital, adds that bitcoin is attempting to find support during a minor price correction.\n"If bitcoin remains in the current range, we are likely to see $25,000 and then $30,000. A rejection from here could see $20,000 first, followed by $18,000," he said in an email to CoinDesk.\nLooking toward next week, the U.S is scheduled to announce its consumer confidence index for February on Tuesday and jobless claims on Thursday. In Asia, the People’s Bank of China will be announcing its balance of trade figures on Tuesday and its inflation rate on Thursday.\nWith the world’s two biggest economies set to announce important economic data over the next week, all eyes will be on crypto to see if it can overcome key resistance levels.\nCrypto Lobbying Needs a Reset: More FTC, Less SEC\nCoinDesk Chief Content Officer Michael Casey writes the weekly "Money Reimagined"newsletter. This essay originallyappearedon CoinDesk\'s website on Feb. 24.\nIs there a method to the SEC’s madness?\nOf all the Securities and Exchange Commission’s (SEC) actions against crypto entities that have stirred the industry’s ire, the agency’s recent move forcing New York-based Paxos to cease issuing its partner Binance’s BUSD stablecoin is the most deserving of an outcry. How, critics rightfully asked, can a token that’s explicitly designed not to fluctuate in price be considered a security?\nBut a recentaccount in Fortunesuggests the SEC may not have been thinking of securities law at all in that action. Binance was automatically converting competitor-issued stablecoins held by its exchange’s customers’ into BUSD. To me, that looks like an antitrust concern, not one of BUSD being a security.\nNow, if there’s one area of enforcement where the crypto community, with its anti-middleman ethos of decentralization, should get behind, it’s prosecution of monopolistic behavior. But that leaves us with the question of why is the SEC getting involved here and not the nation’s trustbuster, the Federal Trade Commission?\nI get two takeaways from this:\n• Another reminder that, in the absence of clear legislative boundaries for crypto, the SEC is striking out wherever it can to assert authority. It’s partly turf war, partly political posturing during a post-FTX moment in which crypto is a convenient whipping boy.\n• The crypto community has done a lousy job picking its friends and enemies within the U.S. government. Advocates should simultaneously work with the FTC to enforce a decentralized market structure for their own industry and with their allies in Congress to prevent the SEC from crimping mass adoption and undermining blockchain-based challenges to monopolies in other industries, such as finance and internet platforms. Instead, the industry fixates on the SEC as the bogeyman, a role in which Chairman Gary Gensler has seemed perfectly at home as his agency has launched a flurry of attention-grabbing actions against Binance/Paxos, Kraken, Terra-Luna and now the Voyager Digital creditors.\nFind the full articlehere:\nETHDenver 2023\nAnnual BEAR Research Conference: New Digital Technologies and the Future Financial Landscape\n1 p.m. HKT/SGT(5 a.m. UTC):Japan leading economic index (Dec.)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCoinbase Unveils Its Layer 2 Base; Chamber of Digital Commerce CEO on State of Crypto Regulation\nCrypto exchange Coinbase’s new layer 2 blockchain Base had a rough start on Thursday, drawing a stream of complaints from users on social media. The Federal Reserve Board announced Thursday that it had again rejected crypto bank Custodia\'s bid for Fed supervision. Fairlead Strategies founder and managing partner Katie Stockton shared her crypto markets analysis. Plus, the Chamber of Digital Commerce founder and CEO Perianne Boring discussed why the crypto trade group wants the court to dismiss the SEC vs. Wahi lawsuit. Darma Capital President and co-founder Andrew Keys and Bitfy CEO and founder Lucas Schoch also joined the conversation.\nSolana Validators to Make Second Restart Attempt as Transaction Freeze Drags On:It’s still unclear what caused the service outage.\nGlobal Crypto Rules to Be Based on Coming FSB and IMF Synthesis Paper, India Says After G-20 Meetings:The paper is expected to be ready by September.\nOasis Exploits Its Own Wallet Software to Seize Crypto Stolen in Wormhole Hack:The High Court of England and Wales ordered the crypto platform to reclaim the stolen funds.\nCrypto Investors\' $28M ‘Black Thursday’ Lawsuit Against DeFi Giant Maker Dismissed by US Judge:The class-action lawsuit alleged Maker-related entities misrepresented risks of holding collateral debt positions, resulting in heavy losses for some users.\nCrypto Markets Analysis: Bitcoin Falls for the Week Amid Inflation, Rate Hike Fears:Ether and most other major cryptos also sank as investors mulled the prospect of prolonged monetary hawkishness.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Solana is back and ticking upwards while bitcoin appears overbought. Insights: The SEC has overreached in its latest actions against crypto entities, but the crypto industry must improve its lobbying efforts to ensure future regulation is effective. Prices CoinDesk Market Index (CMI) 1,111.23 +22.5 ▲ 2.1% Bitcoin (BTC) $23,475 +354.0 ▲ 1.5% Ethereum (ETH) $1,636 +43.7 ▲ 2.7% S&P 500 daily close 3,970.04 −42.3 ▼ 1.1% Gold $1,820 +11.2 ▲ 0.6% Treasury Yield 10 Years 3.95% ▲ 0.1 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET Good morning, Asia, here’s how the crypto market is moving this Monday. Solana is up early 4% after the protocol crashed twice during the weekend , freezing transactions. The Solana Foundation says an investigation is underway into the cause of the crash and will be available shortly. Meanwhile, bitcoin is trading flat at $23,475. The world’s largest digital asset is up 1.5% in the last 24 hours. Ether is up 2.7% to $1,636. Katie Stockton, founder, and managing partner at Fairlead Strategies, recently said on CoinDesk TV that bitcoin appears “overbought” making it difficult to clear $25,000. “The overbought condition would suggest that that resistance is left intact,” she said. Ether, Stockton says, is looking just like bitcoin. Both are part of a top-down-oriented market where macro forces are price action “as opposed to the fundamental value of things.” “[Ether] does look just like bitcoin, the range there as defined by resistance around $1,670,” she said. Joe DiPasquale, CEO of crypto fund manager BitBull Capital, adds that bitcoin is attempting to find support during a minor price correction. "If bitcoin remains in the current range, we are likely to see $25,000 and then $30,000. A rejection from here could see $20,000 first, followed by $18,000," he said in an email to CoinDesk. Story continues Looking toward next week, the U.S is scheduled to announce its consumer confidence index for February on Tuesday and jobless claims on Thursday. In Asia, the People’s Bank of China will be announcing its balance of trade figures on Tuesday and its inflation rate on Thursday. With the world’s two biggest economies set to announce important economic data over the next week, all eyes will be on crypto to see if it can overcome key resistance levels. Insights Crypto Lobbying Needs a Reset: More FTC, Less SEC CoinDesk Chief Content Officer Michael Casey writes the weekly "Money Reimagined" newsletter . This essay originally appeared on CoinDesk\'s website on Feb. 24. Is there a method to the SEC’s madness? Of all the Securities and Exchange Commission’s (SEC) actions against crypto entities that have stirred the industry’s ire, the agency’s recent move forcing New York-based Paxos to cease issuing its partner Binance’s BUSD stablecoin is the most deserving of an outcry. How, critics rightfully asked, can a token that’s explicitly designed not to fluctuate in price be considered a security? But a recent account in Fortune suggests the SEC may not have been thinking of securities law at all in that action. Binance was automatically converting competitor-issued stablecoins held by its exchang
**Last 60 Days of Bitcoin's Closing Prices:**
[]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-02-27
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $454,533,186,244
- Hash Rate: 299630548.4861114
- Transaction Count: 292748.0
- Unique Addresses: 644967.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.50
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: BIT will leverage Circle APIs to on-ramp fiat funds into USD accounts on BIT USDC can be used as trading margin 1:1 to USD for USD-margined products on BIT To support greater adoption of USDC, BIT offers USD-margined trading pairs across spot, futures, and options markets powered by its USD basket program which now supports USDC MAHE, Seychelles , Jan. 30, 2023 /CNW/ -- BIT, a professional cryptocurrency exchange, has collaborated with Circle Internet Financial (Circle), a global financial technology firm and the issuer of USD Coin (USDC) and Euro Coin (EUROC), to promote greater access and adoption of USDC with fiat funds and USD/USDC settle products and to drive BIT's growth as a one-stop hub for retail and institutional crypto trading. Circle is the issuer of USDC, one of the fastest-growing stablecoins that is currently available on many of the world's leading blockchains, with more chain integrations expected. More than $43 billion USDC is now in circulation as of January 13 , 2023. The BIT platform offers institutional-grade security, supplemented by features such as portfolio margin and unified margin, which minimizes margin needs on hedged positions, and accept Bitcoin (BTC), Ether ( ETH ), USDC, Tether (USDT) and more as collateral with respective haircut ratio. This collaboration with Circle will allow BIT users to transfer fiat into their BIT accounts as USDC and withdraw USDC to USD via bank wire. Together, BIT and Circle seek to expand crypto adoption and utility. In October, BIT launched USD-settled options. USD-settled options are more scalable for launching cryptocurrency options. BIT switched all perpetual futures pairs from being USDT-margined to USD-margined from July 22, 2022 since the introduction of USD-settled options on its platform. BIT's USD-margined products are powered by its USD basket program, which now supports USDC. The cryptocurrency exchange also plans to incorporate more stablecoins into its USD basket in the future. Story continues "BIT looks forward to a long and fruitful relationship with Circle," said Lan Yue , co-founder and COO of BIT. "Our collaboration helps us provide new efficiencies to our customers, saving retail and institutional investors valuable time and letting them focus solely on trading." "We are excited to collaborate with BIT and look forward to working with their team. Together, we will provide the stability of USDC to BIT customers and making USDC more accessible," said Raagulan Pathy, Vice President of Asia Pacific for Circle. About BIT BIT is a full-featured cryptocurrency exchange that is designed for use by professionals, with advanced risk management and fund efficiency supported by Portfolio Margin and Unified Margin. BIT was launched in August 2020 as an affiliate to Matrixport, a prominent crypto financial service company. BIT is one of the top crypto options trading platforms which offer innovative USD-margined trading pairs. BIT is always striving to widen its selection of tokens, enhance its trading tools, and inspire the creation of innovative financial products. About Circle Circle is a global financial technology firm that enables businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce and financial applications worldwide. Circle is powering always-on internet-native commerce and payments and is the issuer of USD Coin (USDC) and Euro Coin (EUROC). Today, Circle's transactional services, business accounts, and platform APIs are giving rise to a new generation of financial services and commerce applications that hold the promise of raising global economic prosperity for all through the frictionless exchange of value. Circle does not directly service retail customers. Disclaimer Trading in digital assets can be extremely risky and volatile and is NOT suitable for everyone. The content of this webpage is not investment advice and does not constitute any offer or solicitation to offer or recommend any investment product. It is for general purposes only and does not take into account your individual needs, investment objectives and specific financial circumstances. BIT services are not available in certain prohibited jurisdictions. Contact Ruby [email protected] Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/bit-to-utilize-circles-fiat-to-crypto-on-ramp-and-usdc-settled-products-301733004.html SOURCE BIT Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2023/30/c7215.html...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["[ Source ] A fugitive drug lord in Thailand who evaded authorities for months by transforming himself to pass as a Korean man was finally arrested by the local police in Bangkok on Thursday. The 25-year-old suspect, identified as Saharat Sawangjaeng, underwent multiple plastic surgeries and adopted the alias “Jimin Cheong” to successfully elude arrest after being on the run since Dec. 2022. Sawangjaeng is accused of importing the psychoactive drug methyl\u200benedioxy\u200bmethamphetamine (MDMA) , commonly seen in tablet form (ecstasy) and crystal form (molly), from the Netherlands and other parts of Europe to Thailand. The Metropolitan Police Bureau (MPB) considers him “one of the main causes of Bangkok’s MDMA epidemic.” More from NextShark: Asian American Advocates Team Up on Easter to Support FDNY EMS Investigators monitoring the movement of ecstasy to local distributors across Bangkok traced the drugs to what witnesses described as a “handsome Korean man.“ An undercover officer posing as a prospective drug mule eventually led to his arrest at a condominium in Bangkok’s Bang Na district. The officers were shocked to discover that the “Korean man” they arrested was the same man they arrested three times before as “none of his original face was left.” In his previous arrest over an assault charge, police recovered 290 ecstasy pills and 4.4 pounds of narcotics in liquid form in his possession. He managed to escape detention and began altering his appearance to avoid arrest. More from NextShark: Man Arrested for Stabbing Burmese Man and His Son in Texas Sam's Club After being apprehended last week, Sawangjaeng told authorities that he was bored with his life in Thailand and wanted to start a new life by moving to South Korea. Upon questioning, the suspect admitted to using Bitcoin to purchase drugs on the Dark Web and selling them to local buyers in Bangkok. He has since been charged with the illegal importation of narcotics. According to Thai police, Sawangjaeng’s arrest opens up the local investigation into more suspects from foreign countries involved in the illegal drug trade. Story continues More from NextShark: Gemma Chan Becomes the Face of the World's Biggest Beauty Brand Enjoy this content? Read more from NextShark! Los Angeles-Hong Kong business class fare reaches $13,000 after quarantine requirements dropped", "[ Source ] A fugitive drug lord in Thailand who evaded authorities for months by transforming himself to pass as a Korean man was finally arrested by the local police in Bangkok on Thursday. The 25-year-old suspect, identified as Saharat Sawangjaeng, underwent multiple plastic surgeries and adopted the alias “Jimin Cheong” to successfully elude arrest after being on the run since Dec. 2022. Sawangjaeng is accused of importing the psychoactive drug methyl\u200benedioxy\u200bmethamphetamine (MDMA) , commonly seen in tablet form (ecstasy) and crystal form (molly), from the Netherlands and other parts of Europe to Thailand. The Metropolitan Police Bureau (MPB) considers him “one of the main causes of Bangkok’s MDMA epidemic.” More from NextShark: Asian American Advocates Team Up on Easter to Support FDNY EMS Investigators monitoring the movement of ecstasy to local distributors across Bangkok traced the drugs to what witnesses described as a “handsome Korean man.“ An undercover officer posing as a prospective drug mule eventually led to his arrest at a condominium in Bangkok’s Bang Na district. The officers were shocked to discover that the “Korean man” they arrested was the same man they arrested three times before as “none of his original face was left.” In his previous arrest over an assault charge, police recovered 290 ecstasy pills and 4.4 pounds of narcotics in liquid form in his possession. He managed to escape detention and began altering his appearance to avoid arrest. More from NextShark: Man Arrested for Stabbing Burmese Man and His Son in Texas Sam's Club After being apprehended last week, Sawangjaeng told authorities that he was bored with his life in Thailand and wanted to start a new life by moving to South Korea. Upon questioning, the suspect admitted to using Bitcoin to purchase drugs on the Dark Web and selling them to local buyers in Bangkok. He has since been charged with the illegal importation of narcotics. According to Thai police, Sawangjaeng’s arrest opens up the local investigation into more suspects from foreign countries involved in the illegal drug trade. Story continues More from NextShark: Gemma Chan Becomes the Face of the World's Biggest Beauty Brand Enjoy this content? Read more from NextShark! Los Angeles-Hong Kong business class fare reaches $13,000 after quarantine requirements dropped", 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin stays rooted near the $23.5K threshold. Ether and many other major cryptos trade flat.\nInsights:China-based developers can interact with layer 1 blockchain Conflux, but the protocol\'s relationship with the country remains complicated.\nCoinDesk Market Index (CMI)\n1,091\n−3.3▼0.3%\nBitcoin (BTC)\n$23,418\n−88.7▼0.4%\nEthereum (ETH)\n$1,631\n−7.5▼0.5%\nS&P 500\n3,982.24\n+12.2▲0.3%\nGold\n$1,824\n+7.0▲0.4%\nNikkei 225\n27,423.96\n−29.5▼0.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin Holds Firm Near $23.5K\nBitcoin continued its weekend encampment near $23,500 into Monday as investors spent yet another day weighing fiendishly stubborn inflation and the prospects of the U.S. Federal Reserve hiking interest rates more hawkishly than was previously expected.\nThe largest cryptocurrency by market capitalization was recently trading at $23,481, roughly flat over the past 24 hours, but down from its highs a week ago over $25,000 – before surprisingly strong jobs and price data had markets increasingly contemplating the prospect of a 50 basis point rate increase instead of 25 bps.\n“Markets of late have been pricing in rates that will remain higher for longer than previously anticipated because of inflation numbers that seem to be rather stubborn," Brent Xu, CEO and co-founder of Web 3 bond-market platform Umee, wrote in an email to CoinDesk. "A possible 50-basis-point hike could be in the offing now, too."\nYet Xu also noted hopefully that crypto markets have not seen "a massive drawdown ... that the more alarmist crypto Twitter commentators have been warning about."\n"I suspect that we haven’t seen a massive pullback because the forced sellers have already sold," he wrote, adding: "Last year’s daisy chain of blowups appears to have mostly come to an end. This isn’t to say that we can’t go lower from here. But a bottom for this cycle is probably in now, and in turn we are probably in an accumulation phase. I think we need to be prepared for sideways action for some time.”\nEther was almost equally flat, changing hands at about $1,630. Most other major cryptocurrencies were flat or edged down slightly with layer 2 platform Polygon\'s MATIC token and decentralized finance protocol Aave\'s AAVE token both recently down about 3%. TheCoinDesk Market Index, a measure of crypto markets overall performance ticked down about 0.36%.\nAfter a week to forget, equity markets returned to their winning ways, however slightly. The tech-focused Nasdaq, S&P 500 and Dow Jones Industrial Average (DJIA) all ticked up a few fractions of a percentage point. Treasury yields dipped slightly but remained fretfully high at above $3.90 on a 10-year note.\nTo be sure, some crypto news Mondaywas ominousfor markets, none more thana reportby crypto asset manager CoinShares that short-bitcoin funds had $10 million in inflows during the week ended Feb. 24 and that long-bitcoin funds bled $12 million, the third straight weekly outflow. Later in the day, crypto exchange Coinbasetweetedthat itwould suspendtrading of Binance USD (BUSD) starting March 13 because the stablecoin doesn’t meet its listing standards – the latest body blow to the stablecoin sector.\nYet, at least one other analyst was feeling at least partly upbeat about crypto prices\' path forward. In an interview with CoinDesk TV, Bruno Ramos de Sousa, head of new markets at crypto asset manager Hashdex, said that markets were "in the recovery phase already ... past the bottom." Ramos de Sousa noted increased interest among institutional investors in recent months.\n"They\'re educated in the sector, and they\'re looking for interesting windows to come in," he said. "These are hedge funds, family offices, people concerned with bottoms and ups."\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "+1.1%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22123.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "\\u22122.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u22122.6%", "DACS Sector": "Computing"}]\nLayer 1 Blockchain Conflux Has a Complicated Relationship With China\nBeijing is pro-blockchain, but anti-crypto. It sees the former as a key technology, as important in the 21st century as the hypertext transport protocol (HTTP) was in the 20th; the latter is a speculative asset that inhibits the worst parts of capitalism.\nMeanwhile, "China" tokens are surging. "China" is in quotes because most of these projects like NEO, VeChain (VET), and Conflux (CFX) go to great lengths to limit their exposure to China. They have development teams in China, but the company is registered offshore.\nYou can use the technology within the country, just not trade the token. A version of NEO is available onChina’s Blockchain Service Network, for instance, but this exists as a seperate universe from the NEO the rest of the world sees in order to comply with local law.\nIn many cases, these tokens are divorced from the project. You can’t see China data on-
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-02-28
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $450,034,006,294
- Hash Rate: 293209893.8756949
- Transaction Count: 332358.0
- Unique Addresses: 731797.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.53
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: BitKeep BitKeep is thrilled to announce the remarkable growth of Planet IX's transaction volume on the BitKeep NFT Market. NEW YORK CITY, NY, Feb. 09, 2023 (GLOBE NEWSWIRE) -- Built on the fast, secure, and scalable Polygon blockchain, Planet IX, a popular Play-to-Earn (P2E) game, has experienced a significant increase in transaction volume since partnering with BitKeep. This growth is a testament to Bitkeep's commitment to providing a seamless and secure trading experience for its users, making it the perfect home for P2E games and NFTs. As of 9 February 2023, Planet IX's monthly transaction volume was $840K, with 77% generated from the BitKeep NFT market. BitKeep is proud to reveal that Planet IX's 3-month transaction volume has surpassed 1 million MATIC and boasts a market share of 79%. Additionally, Planet IX achieved a historical high of $42.3K in single-day transaction volume earlier this week. Planet IX is undoubtedly a rising star in both BitKeep NFT Market and the Polygon NFT market. Planet IX’s NFT transaction volume on BitKeep NFT Market is greater than that of the closest competitors OKX and OpenSea, by a factor of 120x and 4x respectively. Discover the most seamless NFT trading experience with BitKeep NFT Market! With 320,000 NFTs listed for sale, more than 51,000 monthly active users, and a total trading volume of $31.6 million since its launch in March 2022, BitKeep NFT Market is one of the largest NFT trading platforms on the BNB Chain and holds the second place on Polygon. BitKeep's expedient and low-cost transactions, user-friendly interface, and commitment to security make it the preferred choice for P2E game developers and players alike. Being the first NFT marketplace to allow the purchase of NFTs on the platform with tokens from any partnered blockchain, BitKeep NFT Market also boasts a bulk transfer function for users to easily transfer multiple NFTs instantaneously, with support for bulk listing and purchasing in the future. Story continues Paving the way for blockchain gaming and P2E community growth The growth of Planet IX on BitKeep is a testament to the platform's value for the P2E community. It encourages other game developers to join BitKeep in building the future of decentralized gaming. BitKeep's support for Planet IX and other P2E games reflects the DeFi wallet company’s dedication to blockchain gaming. As BitKeep continues to gain popularity and expand its user base, the company is poised to become a leader in the rapidly growing market for decentralized gaming and collectibles. About BitKeep BitKeep is a decentralized multichain digital wallet that provides an all-in-one solution for a comprehensive portfolio of services, including an integrated NFT marketplace, wallet function, swap services, DApp browser, launchpad, and daily column, which features regular insights into promising decentralized finance projects. It offers reliable and secure asset management and trading services to more than 8 million users worldwide, covering 168 countries in North America, Europe, and Asia. It is the top-rated wallet on Google Play globally, surpassing even MetaMask. BitKeep currently supports over 250,000 types of cryptocurrencies across over 80 chains, including major ones such as Bitcoin, Ethereum, Polygon, BNB Chain, Fantom, and Solana. BitKeep strongly emphasizes user security, incorporating DESM encryption for storing users’ private keys to ensure an additional layer of protection to safeguard user funds. Follow BitKeep on Twitter to stay updated on the latest developments, and let BitKeep be your premier gateway into the Web3 space. CONTACT: Romeo Kuok BitKeep romeo at bitkeep.com...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Crypto is once again becoming the domain of short sellers.\nInsights:Interpretations of copyright law around the principle of digital-first sales are stuck in the Napster era, and haven\'t caught up to blockchain.\nCoinDesk Market Index (CMI)\n1,088.86\n−18.1▼1.6%\nBitcoin (BTC)\n$23,141\n−313.6▼1.3%\nEthereum (ETH)\n$1,607\n−22.3▼1.4%\nS&P 500 daily close\n3,970.15\n−12.1▼0.3%\nGold\n$1,831\n+14.4▲0.8%\nTreasury Yield 10 Years\n3.92%\n▼0.0\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nChina Tokens Lead Declines\nAs Asia opened for business on the first day of March a number of China tokens were squarely in the red.\nWeb3 ecosystem token Neo, which is part of China’s nationalBlockchain Service Network, is downapproximately 8%. Conflux’s CFX token, which is unique as its token isused by China dapp developers, is down 12.5%. Filecoin’s FIL tokendeclined 5.5%.\nShort interest on these tokens continues to build, according todata from CoinGlass. NEO is split down the middle between long and shorts, at 50.26% and 49.74% respectively, while CFX has dipped into majority short territory at 52.71%. Filecoin’s FIL, for its part, is nearly even.\nMeanwhile, bitcoin and ether are also beginning the day in the red. Bitcoin is opening the business day in Asia at $23,141, down 1.3% while ether is at $1,607, down 1.4%.\nCoinGlass data shows a nearly even split between longs and shorts for bitcoin and ether.\nTraders might be looking to initial jobless claim numbers, scheduled to be released Thursday, for guidance.\nAt the same time, there’s still a concern about alack of market liquiditycausing stakeholders to be worried about everything from price swings todelayed token launches.\nAll eyes will be on bitcoin to see if it can push back and maintain $25,000, or if we are going back to $20,000.\n[{"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u22124.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "\\u22124.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22124.0%", "DACS Sector": "Entertainment"}]\nNFTs\' \'Digital First Sale\' Problem\nLike many things in crypto, the law hasn’t caught up to the speed at which the industry moves.\nThat includes copyright law.\nBased on a current but outdated reading of the law, the entire secondary market for non-fungible tokens (NFT) is illegal. And the original creators of the NFTs could – based on how the law is currently understood – invalidate the entire secondary market.\nAll because of something called the "first sale" doctrine and the current lack of a digital counterpart.\nWhy is there no digital counterpart? Because the courts’ understanding of technology is stuck in the Napster era.\nThe disc is yours, the IP mine\nDo you have a Blu-Ray copy of "2001: A Space Odyssey"? Go ahead and sell it once you are done watching it. The disc is yours after all. But that same version downloaded from Amazon Prime’s store? You don’t own it. It’s not yours to sell.\nThis is the tricky world of the ‘first sale’doctrine, outlined in 17 U.S. Code § 109. The law holds that you can sell your property, even when it contains copyrighted intellectual property such as a Blu-Ray disc of a movie or even a painting.\nBut should that copyrighted material exist in digital form, such as a movie in file format, a video game from the Xbox Live Store or a monkey jpeg, this is where things get complicated – and illegal.\nWhy? Because courts think there’s no effective way to transfer a copyrighted digital file from one party to another while ensuring the original is deleted (therefore the file isn’t reproduced, rather than just transferred).\nWriting in theWake Forest University Journal of Business & Intellectual Property Law, Joshua Durham explores the intersection of NFTs and the principle of digital first sale, a legal framework that was heavily debated during the turn-of-the-century days of Napster but now is in need of an update.\nCentral to the debate over the digital Right of First Sale is the "exhaustibility" of files.\nWhen you sell a Blu-Ray or a book to someone, they have the sole ability to enjoy it. But with computer files, there is no concept of ownership – you are simply given a license to use it – and courts haven’t gotten comfortable with confirming that a file is deleted on the first user’s computer. After all, files aren’t "exhaustible"; they can be copied an infinite amount of times. Or in crypto parlance, \'double-spent."\nDurham highlights that the U.S. Copyright Office would not allow for a principle of “digital first sale” because it would have required a mechanism to ensure confirmation of the deletion of the sender’s copy or some form of automatic deletion.\nThis is why digitally purchased movies and games come wrapped in Digital Rights Management software that controls how you can use the file.\nAround 2011, a firm called ReDigi tried to provide an online digital peer-to-peer marketplace that attempted to respect the first sale principle and take it into the digital era.\nOn ReDigi users would “forward and delete files.” There would never be two copies of the same file.\nThe courts didn’t like it, and found that it reproduced files and was thus an unauthorized reproduction, although the original was destroyed.\n“Policymakers have concluded that since digital transmissions required reproducing a copy of a file (the work), digital transmissions infringed on the exclusive right of reproduction,” Durham writes. “A digital distribution of a reproduced copy was thus unlawfully made, and beyond the scope of the first sale doctrine.”\nDouble-spending and blockchain\nBut all of this seems a bit outdated for the blockchain era.\nAfter all, blockchain’s key tenet is the prevention of double-spending. Or, to put it another way, you can’t reproduce a bitcoin or an NFT. Should you be able to do this then crypto wouldn’t have scarcity since it would be infinitely reproducible.\nDouble-spend attacks are a critical threat to blockchains and much is done to try and prevent them.\nSo for NFTs, there can’t ever be two of the same tokens. During a transfer of an NFT there’s no reproduction or transmission like there would be for ReDigi’s marketplace. There’s no infringement on the right of reproduction.\nThis is something that’s only possible with blockchain, before we were just sending copies of the file which wouldn’t qualify for protection under the first sale doctrine.\n“Any unscrupulous NFT creator may invalidate all secondary sales of their NFTs through the outdated reading of § 109,” Durham writes.\nAfter all, they didn’t authorize the sale. In a direct reading of the law, it would be similar to Apple going after someone selling copies of songs they have obtained from iTunes.\nOf course, this isn’t going to happen. NFT creators expect, and almost always want, a lively secondary market.\nBut it’s a case of the law not catching up to the times. On one hand blockchain technology satisfies all the problems prior cases have identified with the nature of digital first sales. It’s just that there needs to be clarification from the courts, so there’s no monkey business.\nETHDenver 2023\n12:00 p.m. HKT/SGT(4:00 UTC)Germany Harmonized Index of Consumer Prices (YoY/Feb)\n2 p.m. HKT/SGT(6:00 UTC)United States ISM Manufacturing PMI (Feb)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nCoinbase to Suspend Binance USD Stablecoin; Bitcoin Hovers Near $23.5K\nCoinbase will suspend trading of Binance USD (BUSD) starting March 13 because the stablecoin doesn’t meet its listing standards, the U.S. cryptocurrency exchange announced in a tweet Monday. Lumida CEO and co-founder Ram Ahluwalia shared his reaction. Separately, Forbes reported that Binance moved $1.8 billion of collateral meant to back its customers\' stablecoins to hedge funds last year. Forbes Director of Data and Analytics Javier Paz joined the conversation. And, bitcoin (BTC) continued its weekend encampment near $23,500. Options Insights founder Imran Lakha shared his crypto markets analysis.\nProposed Bitcoin Vault Feature Could Thwart Malicious Hackers:The feature is still in draft form and would require a soft fork in order to be adopted into Bitcoin Core.\nThe Future of Crypto Markets Will Be Driven by Developments in the East:Crypto investors need to keep an eye on geopolitical shifts playing out on the regulatory landscape, specifically some upcoming changes in Asia.\nGoldman Sachs Says It’s Open to Adding Staff to Digital Assets Team, Bloomberg:The investment bank’s tokenization platform was used by Hong Kong to sell digital bonds last week.\nDeFi Trading Platform Aurox Seeking Funding at $75M Valuation:The DeFi-focused software developer firm is seeking to raise up to $1 million in a crowdfunding campaign on tZERO.\nDapper Labs Ruling Dunks on Private Networks:A landmark ruling is bringing the NBA Top Shots creator back to court, and potentially opening up securities concerns for other NFTs.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Crypto is once again becoming the domain of short sellers. Insights: Interpretations of copyright law around the principle of digital-first sales are stuck in the Napster era, and haven\'t caught up to blockchain. Prices CoinDesk Market Index (CMI) 1,088.86 −18.1 ▼ 1.6% Bitcoin (BTC) $23,141 −313.6 ▼ 1.3% Ethereum (ETH) $1,607 −22.3 ▼ 1.4% S&P 500 daily close 3,970.15 −12.1 ▼ 0.3% Gold $1,831 +14.4 ▲ 0.8% Treasury Yield 10 Years 3.92% ▼ 0.0 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET China Tokens Lead Declines As Asia opened for business on the first day of March a
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-03-01
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $457,387,589,831
- Hash Rate: 363837094.5902782
- Transaction Count: 381932.0
- Unique Addresses: 826824.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.50
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: SEOUL, South Korea , Feb. 17, 2023 /PRNewswire/ -- WEMIX - the native coin of WEMIX 3.0 and the bridge which connects all components of the WEMIX mega-ecosystem - has been approved for listing on Coinone, one of Korea's leading crypto exchanges. This is the result of WEMIX's efforts to enhance communications and collaboration with industry partners and stakeholders following the Q4 2022 termination of trading support for WEMIX by several Korean exchanges including Coinone. WEMIX coin approved for listing on leading Korean crypto exchange Coinone (PRNewsfoto/Wemade Co., Ltd) Among these efforts were several key actions that were undertaken by the Wemix Foundation including a revamped management system and real-time monitoring to increase investor access to token issuance and distribution information. Details of the listing can be found on the official Coinone site . This follows the successful listing of WEMIX on Mercado Bitcoin, the largest platform for cryptocurrencies and digital assets in Brazil . The listing of WEMIX, which has risen 195% over the past 30 days, gives Brazilians enhanced access by enabling WEMIX trading via Brazilian Real, the country's official fiat currency. "As the WEMIX ecosystem continues to expand, we are committed to collaborating with key stakeholders all around the world to ensure sustainable growth through the use of effective communications and management best practices." said Shane Kim , CEO of WEMIX PTE., LTD. (PRNewsfoto/Wemade Co., Ltd) SOURCE Wemade Co., Ltd View comments...
- Reddit Posts (Sample): [['u/Appropriate_Bug7466', 'PSA to miners and node operators in Illinois, USA', 227, '2023-03-01 01:19', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/', 'As many of you have surely heard, senate bill 1887 as proposed would essentially outlaw mining, validating, and running a node in Illinois (in the name of consumer protection). Whether this is an act of criminal incompetence or underhandedness is unclear.\n\nDoes this stop bitcoin? Of course not, but that doesn’t mean we want it slowed down either - better to win without fighting the war.\n\nIf you live in Illinois I urge you to contact your house representative on this matter. \n\nYou can find your representative by your address at:\n\n[Illinoispolicy.org/maps/illinois-house/#](https://Illinoispolicy.org/maps/illinois-house/#)\n\nAfter looking that up you can also look up more contact details at:\n\n[Ilga.gov/house/](https://Ilga.gov/house/)\n\nI just left voice messages and an email urging my representative to oppose SB1887 in its current form as it is unworkable and would drive talent, innovation, and business in the crypto industry out of state.', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/', '11eoqw4', [['u/SeemoarAlpha', 49, '2023-03-01 02:23', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/jafg77i/', 'Better yet, move. The state is headed for bankruptcy and a few proposals include heavily taxing BTC. Illinois ranks 48th, just ahead of Connecticut and New Jersey, in financial stability.', '11eoqw4'], ['u/cabinfvr', 25, '2023-03-01 02:35', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/jafhtbb/', "Illinois is in a death spiral. Don't let them take you down with them. Agree, move.", '11eoqw4'], ['u/clue5tick', 32, '2023-03-01 02:37', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/jafi1mg/', 'Sue the hell out of them. \n\nNothing like a good First Amendment penalty to focus their corrupt little brains.', '11eoqw4'], ['u/Sweaty-Play-9746', 10, '2023-03-01 02:50', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/jafjr6y/', 'That State sounds a lot like a Communist Venezuela in early stages…', '11eoqw4'], ['u/soliton-gaydar', 61, '2023-03-01 03:00', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/jafl2xp/', 'As if anyone needed another reason to leave Illinois.', '11eoqw4'], ['u/mossyoaktoe', 16, '2023-03-01 04:53', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/jafzq66/', 'That state has no problem infringing on the 2nd amendment, I doubt they hesitate to continue the same with the 1st.', '11eoqw4'], ['u/Magnus826', 42, '2023-03-01 05:10', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/jag1qx6/', "Thank you! I'm in Illinois.", '11eoqw4'], ['u/igadjeed', 11, '2023-03-01 05:47', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/jag5z9u/', '> criminal incompetence\n\nThis\n\n> a court may order any appropriate blockchain transaction for digital property or for the execution of a smart contract. Provides that a blockchain network that processes a blockchain transaction originating in the State at any time after the effective date of the Act shall process a court-ordered blockchain transaction without the need for the private key associated with the digital property or smart contract \n\n...\n\n> civil penalty of between $5,000 and $10,000 for each day that the blockchain network fails to comply with the order', '11eoqw4'], ['u/Double-LR', 19, '2023-03-01 06:33', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/jagangd/', 'Weapon grade ignorance. What moron wrote this crap? I’d love to know who it is. I’m betting they look the part.', '11eoqw4'], ['u/Odd-Living5845', 24, '2023-03-01 06:35', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/jagawmz/', 'TOR to the rescue.\nThese boomer politicians are destroying the country', '11eoqw4'], ['u/igadjeed', 11, '2023-03-01 06:36', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/jagb0p8/', "It appears to be copied from the Craig Wright lawsuit against Bitcoin developers. He's asking a UK court to order the developers to change the Core code so that he can be paid the coins for which he claims he lost the keys", '11eoqw4'], ['u/Double-LR', 12, '2023-03-01 06:50', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/jagcb1c/', 'Oh. It’s Craig! Now it makes sense why it’s so stupid. Thanks for the info.', '11eoqw4'], ['u/pcvcolin', 21, '2023-03-01 09:46', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/jagqbfr/', "^ Oppose this Illinois idiocy - and also advocate against certain Congresspersons' attempts to limit mining based on ESG reporting. Proof of work has also become the target of worthless partisan bureaucrats in three-letter agencies - be ready for court battles in the USA on this issue.\n\nSee:\n\nhttps://www.satoshiaction.io/so/b0OQJlZ_A?languageTag=en&cid=21afbe68-15af-491e-9c57-3efab0c2d41a", '11eoqw4'], ['u/kajunkennyg', 10, '2023-03-01 12:24', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/jah1oax/', 'All the states are headed for bankruptcy. California went from having a 100b surplus to 25b deficient in ten months.', '11eoqw4'], ['u/SnooMachines7409', 16, '2023-03-01 16:28', 'https://www.reddit.com/r/Bitcoin/comments/11eoqw4/psa_to_miners_and_node_operators_in_illinois_usa/jahu5pj/', "I recommend not fighting the dinosaurs, they would die in next 1-2 halvings. Use TOR if you're in Illinois.", '11eoqw4']]], ['u/Elias_Swanberg', 'Neckbeard fails college "because of women"', 92, '2023-03-01 03:49', 'https://www.reddit.com/r/neckbeardstories/comments/11es3bj/neckbeard_fails_college_because_of_women/', 'Idk if this actually falls into the neckbeard category so you decide\n\n Also plz read Vincy \n\nAt work this guy "A" was bragging about his lifestyle, he told everyone he was a huge "playboy" in college. A also referred to Women as Females or Sluts. A told everyone that he was studying to be a history teacher and that it was going to be very easy because he\'s "a genius that knows history better than most people". Well his first attempt to make himself "look cool" was hitting on a lesbian couple claiming he can "give them a great time" and " turn them straight again". A really sucked at his job so people disliked him very quickly (we stacked boxes in trailers and couldn\'t stack walls to save his life) and always claimed he was tired or distracted by all the women he was chasing. Well at the end of December (2022) he randomly told everyone he had to quit because he flunked college with a .4 GPA and that it was all women\'s fault for "seducing" him and "dressing slutty". A left after calling the lesbian girls sluts and claimed they sent him lewd pics, and that he was willing to give to all the other guys who worked there the pics luckily everyone declined and threatened to report him but he quit before they could. \n\nSide notes: A also told all the men his "flawless secret " to pickup girls was to just buy them things until they "owe you sex" \nHe also kept trying to invest in my band (work in progress) by using Bitcoin scams and by boosting our popularity by hiring girls... sorry "Females" to go to shows.\nHe was also a follower of Andrew Tate and called himself an alpha male and he for some reason called me a Chad for being single (by my choice I have problems I need to work on)', 'https://www.reddit.com/r/neckbeardstories/comments/11es3bj/neckbeard_fails_college_because_of_women/', '11es3bj', [['u/Affectionate-Cat8372', 13, '2023-03-01 14:56', 'https://www.reddit.com/r/neckbeardstories/comments/11es3bj/neckbeard_fails_college_because_of_women/jahhapv/', 'Vincey’s reading of “Wolf-beard” will never not be legendary. Often I just put it on to have a laugh at the adventures of Wolf-Beard and Miss Piggy. Man I hope he reads this one too', '11es3bj']]], ['u/coops8D', 'All my ETH was stolen from Ledger wallet', 29, '2023-03-01 05:20', 'https://www.reddit.com/r/ledgerwallet/comments/11eu0ee/all_my_eth_was_stolen_from_ledger_wallet/', 'Looking for some advice here - I moved all my crypto to Ledger, and I have just checked it and noticed it is all gone...\n\nAll I can see my ledger ETH wallet https://etherscan.io/address/0xeb17edb78d48ff2f3b1ef5a329983a43d917bddc\n\nand it going to this wallet https://etherscan.io/address/0x87c69e3c7ac26af7f50283bee794922b627dd529\n\nHow does this happen? My seed phrase is offline.\n\n\nEDIT: They also drained my ERC20 wallet with bunch of random coins there: https://etherscan.io/address/0xf76d555208fb7de91456a205e71f50b372156964\n\nAlong with all my MATIC https://polygonscan.com/tx/0x658acc17f7858297796ca1e1edcadcc058cd6967cc2b220df9bceae3ed5ec033\n\nand a bit of BTC that was for my daughter https://blockstream.info/tx/b70a1fd868f95b85abd28e7f5b87f100049cf152341232a0007293edb3c52408\n\nEDIT: same with all my loopring https://etherscan.io/tx/0x1e81db2f2eed58314f5345c7425faaf65d46118a7156cf6a72bdcaf34e387fc7\n\nLedger was purchased from the website in 2017 and seed phrase is offline on a metal card', 'https://www.reddit.com/r/ledgerwallet/comments/11eu0ee/all_my_eth_was_stolen_from_ledger_wallet/', '11eu0ee', [['u/Mountain_Discount_94', 17, '2023-03-01 05:35', 'https://www.reddit.com/r/ledgerwallet/comments/11eu0ee/all_my_eth_was_stolen_from_ledger_...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['By Herbert Lash and Joice Alves\nNEW YORK/LONDON (Reuters) - The dollar strengthened on Thursday after unemployment claims pointed to a still strong U.S. jobs market and other data showed growing labor costs, indicating the Federal Reserve has further to go in raising interest rates to tame inflation.\nThe yield on two-year Treasury notes, which are sensitive to interest rate expectations, shot to levels last seen in July 2007 as the market perceives the Fed will raise rates further to curb rising consumer prices.\n"This move higher that you\'re seeing in U.S. rates is not happening in isolation," said Alvise Marino, macro trading strategist at Credit Suisse in New York.\n"Similar developments are happening in the rest of the world, in particular in Europe, mostly notably, where the inflation data keeps on surprising relatively strong," he said.\nAtlanta Fed President Raphael Bostic said on Thursday that the U.S. central bank was ready to keep lifting rates higher if inflation doesn\'t slow and was still mulling how recent, stronger-than-anticipated inflation data might shape Fed policy.\nThe impact of higher rates on the economy may only begin to "bite" in earnest this spring, an argument for the Fed to stick with "steady" quarter-point rate increases, Bostic said.\n"There\'s more and more of a concern that incoming data is revealing that the Fed might be a little bit behind the curve than maybe they expected heading into this year," said Bipan Rai, North America head of FX strategy at CIBC Capital Markets in Toronto.\nFutures edged higher, with the market pricing a peak rate climbing to 5.493% in the fed funds by September, before easing a bit later in the session to 5.447%.\nThe number of Americans filing new claims for unemployment fell again last week, pointing to a still strong jobs market. Another Labor Department report showed labor costs grew much faster than previously estimated in the fourth quarter.\nGraphic: US jobs https://www.reuters.com/graphics/GLOBAL-MARKETS/THEMES/znpnbxnkepl/US_jobs.jpg\nThe euro slid on data that showed inflation in the euro zone was not as high as investors had feared but remains elevated. Inflation eased to 8.5% from 8.6% in January on lower energy prices.\nThe dollar index, a basket of major trading currencies, rose 0.623%, while the euro fell 0.71% to $1.0589.\nThe market\'s reaction to the euro zone data was muted at first following the euro\'s 0.9% rise against the dollar on Wednesday, its biggest daily gain in a month, after data showed prices in Germany rose more than hoped last month.\nInvestors now see the ECB\'s 2.5% deposit rate rising by a combined 100 basis points in March and May, then to around 4.1% at the turn of the year. Markets have priced in an extra 50 basis points of hikes in just the past month.\nPolicymakers were split in February on the type of signal they should send about the ECB\'s next rate move, accounts of the central bank\'s meeting on Feb. 2 showed on Thursday.\nSterling was held back by remarks from Bank of England Governor Andrew Bailey, who said "nothing is decided" on future rate increases, which led traders to trim bets on higher rates. Sterling traded at $1.194, down 0.76% on the day.\nThe Japanese yen weakened 0.44%, while the Australian and New Zealand dollars moved lower after strong gains on Wednesday driven by Chinese manufacturing data.\nThe offshore Chinese yuan rose 0.70% to $6.9265 per dollar.\nInvestors are looking ahead to China\'s National People\'s Congress meeting, which begins on Sunday, for guidance on policy support for the post-COVID recovery.\nBitcoin fell 0.81% to $23,442.00 after shares of Silvergate Capital Corp fell more than half when the crypto-focused bank delayed its annual report and said it had sold additional debt securities.\nCurrency bid prices at 3:24 p.m. (2024 GMT)\nDescription RIC Last U.S. Pct Change YTD Pct High Bid Low Bid\nClos Change\ne\nPrev\nious\nSes\nsion\nDollar index 104.9700 104. +0.58% 1.430% +105.1800 +104.3300\n3800\nEuro/Dollar $1.0597 $1.0 -0.68% -1.10% +$1.0672 +$1.0577\n670\nDollar/Yen 136.7450 136. +0.38% +4.29% +137.0900 +136.0300\n2200\nEuro/Yen 144.90 145. -0.27% +3.28% +145.5600 +144.7800\n29\nDollar/Swiss 0.9415 0.93 +0.21% +1.84% +0.9439 +0.9395\n98\nSterling/Dollar $1.1945 $1.2 -0.67% -1.23% +$1.2035 +$1.1924\n025\nDollar/Canadian 1.3599 1.35 +0.05% +0.37% +1.3641 +1.3586\n92\nAussie/Dollar $0.6731 $0.6 -0.41% -1.25% +$0.6766 +$0.6707\n759\nEuro/Swiss 0.9978 1.00 -0.44% +0.84% +1.0041 +0.9975\n22\nEuro/Sterling 0.8871 0.88 +0.08% +0.31% +0.8891 +0.8857\n64\nNZ $0.6220 $0.6 -0.57% -2.02% +$0.6257 +$0.6199\nDollar/Dollar 257\nDollar/Norway 10.4400 10.4 +0.32% +6.39% +10.4930 +10.3900\n080\nEuro/Norway 11.0618 11.0 +0.01% +5.41% +11.1216 +11.0599\n610\nDollar/Sweden 10.5083 10.4 +0.13% +0.97% +10.5345 +10.4310\n300\nEuro/Sweden 11.1365 11.1 +0.13% -0.12% +11.1641 +11.1257\n224\n(Reporting by Herbert Lash, Reporting by Joice Alves in London, additional reporting by Tom Westbrook in Singapore; editing by Emelia Sithole-Matarise and Nick Zieminski)', 'By Herbert Lash and Joice Alves NEW YORK/LONDON (Reuters) - The dollar strengthened on Thursday after unemployment claims pointed to a still strong U.S. jobs market and other data showed growing labor costs, indicating the Federal Reserve has further to go in raising interest rates to tame inflation. The yield on two-year Treasury notes, which are sensitive to interest rate expectations, shot to levels last seen in July 2007 as the market perceives the Fed will raise rates further to curb rising consumer prices. "This move higher that you\'re seeing in U.S. rates is not happening in isolation," said Alvise Marino, macro trading strategist at Credit Suisse in New York. "Similar developments are happening in the rest of the world, in particular in Europe, mostly notably, where the inflation data keeps on surprising relatively strong," he said. Atlanta Fed President Raphael Bostic said on Thursday that the U.S. central bank was ready to keep lifting rates higher if inflation doesn\'t slow and was still mulling how recent, stronger-than-anticipated inflation data might shape Fed policy. The impact of higher rates on the economy may only begin to "bite" in earnest this spring, an argument for the Fed to stick with "steady" quarter-point rate increases, Bostic said. "There\'s more and more of a concern that incoming data is revealing that the Fed might be a little bit behind the curve than maybe they expected heading into this year," said Bipan Rai, North America head of FX strategy at CIBC Capital Markets in Toronto. Futures edged higher, with the market pricing a peak rate climbing to 5.493% in the fed funds by September, before easing a bit later in the session to 5.447%. The number of Americans filing new claims for unemployment fell again last week, pointing to a still strong jobs market. Another Labor Department report showed labor costs grew much faster than previously estimated in the fourth quarter. Graphic: US jobs https://www.reuters.com/graphics/GLOBAL-MARKETS/THEMES/znpnbxnkepl/US_jobs.jpg The euro slid on data that showed inflation in the euro zone was not as high as investors had feared but remains elevated. Inflation eased to 8.5% from 8.6% in January on lower energy prices. The dollar index, a basket of major trading currencies, rose 0.623%, while the euro fell 0.71% to $1.0589. The market\'s reaction to the euro zone data was muted at first following the euro\'s 0.9% rise against the dollar on Wednesday, its biggest daily gain in a month, after data showed prices in Germany rose more than hoped last month. Story continues Investors now see the ECB\'s 2.5% deposit rate rising by a combined 100 basis points in March and May, then to around 4.1% at the turn of the year. Markets have priced in an extra 50 basis points of hikes in just the past month. Policymakers were split in February on the type of signal they should send about the ECB\'s next rate move, accounts of the central bank\'s meeting on Feb. 2 showed on Thursday. Sterling was held back by remarks from Bank of England Governor Andrew Bailey, who said "nothing is decided" on future rate increases, which led traders to trim bets on higher rates. Sterling traded at $1.194, down 0.76% on the day. The Japanese yen weakened 0.44%, while the Australian and New Zealand dollars moved lower after strong gains on Wednesday driven by Chinese manufacturing data. The offshore Chinese yuan rose 0.70% to $6.9265 per dollar. Investors are looking ahead to China\'s National People\'s Congress meeting, which begins on Sunday, for guidance on policy support for the post-COVID recovery. Bitcoin fell 0.81% to $23,442.00 after shares of Silvergate Capital Corp fell more than half when the crypto-focused bank delayed its annual report and said it had sold additional debt securities. Currency bid prices at 3:24 p.m. (2024 GMT) Description RIC Last U.S. Pct Change YTD Pct High Bid Low Bid Clos Change e Prev ious Ses sion Dollar index 104.9700 104. +0.58% 1.430% +105.1800 +104.3300 3800 Euro/Dollar $1.0597 $1.0 -0.68% -1.10% +$1.0672 +$1.0577 670 Dollar/Yen 136.7450 136. +0.38% +4.29% +137.0900 +136.0300 2200 Euro/Yen 144.90 145. -0.27% +3.28% +145.5600 +144.7800 29 Dollar/Swiss 0.9415 0.93 +0.21% +1.84% +0.9439 +0.9395 98 Sterling/Dollar $1.1945 $1.2 -0.67% -1.23% +$1.2035 +$1.1924 025 Dollar/Canadian 1.3599 1.35 +0.05% +0.37% +1.3641 +1.3586 92 Aussie/Dollar $0.6731 $0.6 -0.41% -1.25% +$0.6766 +$0.6707 759 Euro/Swiss 0.9978 1.00 -0.44% +0.84% +1.0041 +0.9975 22 Euro/Sterling 0.8871 0.88 +0.08% +0.31% +0.8891 +0.8857 64 NZ $0.6220 $0.6 -0.57% -2.02% +$0.6257 +$0.6199 Dollar/Dollar 257 Dollar/Norway 10.4400 10.4 +0.32% +6.39% +10.4930 +10.3900 080 Euro/Norway 11.0618 11.0 +0.01% +5.41% +11.1216 +11.0599 610 Dollar/Sweden 10.5083 10.4 +0.13% +0.97% +10.5345 +10.4310 300 Euro/Sweden 11.1365 11.1 +0.13% -0.12% +11.1641 +11.1257 224 (Reporting by Herbert Lash, Reporting by Joice Alves in L
**Last 60 Days of Bitcoin's Closing Prices:**
[]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-03-02
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $449,739,967,312
- Hash Rate: 308191421.3000004
- Transaction Count: 330047.0
- Unique Addresses: 726383.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.51
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: VICTORIA, Seychelles, Feb. 21, 2023 (GLOBE NEWSWIRE) --OKX, the world-leading cryptocurrency platform, has issued updates for the week of February 20, 2023.
OKX announces listing ofUSDC-margined futures for BTC and ETHOKX is pleased to announce that it has listed USDC-margined futures for BTC and ETH as of February 21.
With the introduction of BTC/USDC and ETH/USDC futures offerings, OKX is further advancing its customer-first mission of empowering users with a greater range of trading options. OKXlisted USDC perpetuals and derivativesin October of 2022 and offers the most USDC pairs of any crypto exchange, with 141 USDC trading pairs and 30 USDC margin pairs.
OKX enables Margin Trading & Savings and List Perpetual for FLOKIOKX has also introduced FLOKI margin trading, savings and USDT-margined perpetual swaps on both its web and app interfaces.
• For details of the tiered margin ratio, please refer toMargin Borrowing Position Tiers
• For limits on savings, please refer to theBusiness Rules for Savings
• For USDT-margined perpetual swap trading, please refer to theOKX Perpetual Swap Trading User Agreement
OKX Introduces Buy with Card on OKX Wallet
Users can now link their Visa and Mastercard cards to their OKX accounts and buy crypto directly within the decentralized OKX Wallet.
This new feature is designed to provide users with a seamless and secure way to purchase crypto with ease while keeping full control over their digital assets.
Buy crypto with card on OKX Wallet is available on both the iOS and Android apps and supports the purchase of more than 50 types of cryptocurrencies.
For further information, please contact:[email protected]
About OKX
OKX is one of the world’s leading technology companies building the future of Web3. Known as the fastest and most reliable crypto trading platform for investors and professional traders everywhere, OKX’scrypto exchangeis the second largest globally by trading volume.
OKX’s leading self-custody solutions include the Web3-compatibleOKX Wallet, which allows users greater control of their assets while expanding access to DEXs, NFT marketplaces, DeFi, GameFi and thousands of dApps.
OKX partners with a number of the world’s top brands and athletes, including: English Premier League champions Manchester City F.C., McLaren Formula 1, the Tribeca Festival, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo.
OKX is committed to transparency and security and publishes itsProof of Reserveson a monthly basis.
To learn more about OKX, download our app or visit:okx.com...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
| |
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:A busy economic week in China with plenty of data releases scheduled might be what it takes to get bitcoin out of its slump.\nInsights:On-chain indicators show that bitcoin’s current price exceeds the cost basis for 70% of unique addresses.\nCoinDesk Market Index (CMI)\n1,105.17\n−15.7▼1.4%\nBitcoin (BTC)\n$23,441\n−224.1▼0.9%\nEthereum (ETH)\n$1,646\n−19.5▼1.2%\nS&P 500 daily close\n3,981.35\n+30.0▲0.8%\nGold\n$1,845\n+7.2▲0.4%\nTreasury Yield 10 Years\n4.07%\n▲0.1\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nGood morning.\nBitcoin (BTC) and ether (ETH) remain fairly flat as Asia starts its business day, despite concerns over the accessibility of future access to banking rails in the U.S.\nBitcoin is trading at $23,441, down 0.9% in the last 24 hours, while ether is down 1.2% and trading at $1,646.\nIn the last 24 hours, access to banking for crypto companies in the U.S. has become a greater concern. Silvergate, which has marketed itself as a crypto-friendly bank, has seen themajority of its client base departfor rival Signature after it delayed filing its annual report with the U.S. Securities and Exchange Commission. In late December, Signature said it was looking to reduce itscrypto-related depositsby $10 billion and is being sued for “substantially facilitating” comingling of funds at FTX.\nAll this is coming after a Jan. 3joint press releasefrom the Federal Reserve, the Federal Deposit Insurance Corp. (FDIC) and the Office of the Comptroller of the Currency (OCC) that presented concern over the risks crypto assets place on banking organizations.\nAt the same time, there continues to be optimism coming out of the East.\nIt’s going to be a busy week in China for data releases.\nOn Tuesday, it\'s set to release data on the balance of trade figures for January and February.Analysts are expectinga major jump from $78 billion for the last period to $100 billion.\nYear-over-year export and import data for the period is also expected to improve. Earlier this week,upbeat manufacturing data from Chinapushed bitcoin up by 4%.\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22124.2%", "DACS Sector": "Entertainment"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u22123.6%", "DACS Sector": "Computing"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\\u22123.3%", "DACS Sector": "Smart Contract Platform"}]\nMost Bitcoin Addresses Are Profitable\nBy Glenn Williams Jr.\nA full 70% of bitcoin addresses are profitable, according to data from on-chain analytics firm Glassnode.\nThe “Percent Addresses in Profit” indicator illustrates the percentage of unique addresses whose average purchase price sits below the current price for bitcoin. Historically readings below 50 have indicated that BTC is oversold, and thus, represent a potential bottom.\nReadings above 95% indicate a potential top. Bitcoin’s current reading falls very much in line with an asset that has been trading in a tight range, as BTC has recently.\nETHDenver 2023\n8:00 a.m. HKT/SGT(00:00 UTC)Eurozone S&P Global Composite PMI (Feb)\n2:00 p.m. HKT/SGT(6:00 UTC)United States ISM Services PMI (Feb)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nSilvergate Stock Tumbles as Bank Delays Annual Report; Two-Time NBA All-Star Baron Davis on Web3 Outlook\nSilvergate Bank\'s stock was plunging after the crypto-friendly bank said it is delaying the filing of its annual report. Wave Financial Head of Protocol and Treasury Management Nauman Sheikh shared his reaction. Plus, former National Basketball Association All-Star and serial entrepreneur Baron Davis shared his outlook on the Web3 and blockchain space. And, Matrixport head of research and strategy Markus Thielen explained why Ordinals\' non-fungible tokens (NFT) have the potential to push Stacks Network\'s STX into a billion-dollar token.\nBitcoin Miners Are Starting to Emerge From Brutal Crypto Winter:After several bankruptcies and fire sales, the rally in bitcoin’s price is providing some relief for the miners, although they may not be completely out of the woods yet.\nCrypto Bank Silvergate Stock Tumbles 45% After \'Going Concern\' Filing:The ominous language came in an 8-K filing with the SEC Wednesday evening, in which the troubled lender requested more time before filing its 2022 annual report.\nHost of Crypto Firms, Including Coinbase, Paxos and Galaxy, Jump Ship From Silvergate Bank:Coinbase\'s change is specific to banking in U.S. dollars and doesn\'t affect payment instructions in pounds or euros.\n401(k) Provider ForUsAll to Offer Crypto Investments Into CoinDesk Indices Constituents:This will be the first index-based digital asset offering available through a 401(k), says ForUsAll.\nEthereum Developers Target March 14 Date for Shanghai Upgrade on Goerli Testnet:The event will be the last “Shapella” dress rehearsal for Ethereum’s upcoming hard fork.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:A busy economic week in China with plenty of data releases scheduled might be what it takes to get bitcoin out of its slump.\nInsights:On-chain indicators show that bitcoin’s current price exceeds the cost basis for 70% of unique addresses.\nCoinDesk Market Index (CMI)\n1,105.17\n−15.7▼1.4%\nBitcoin (BTC)\n$23,441\n−224.1▼0.9%\nEthereum (ETH)\n$1,646\n−19.5▼1.2%\nS&P 500 daily close\n3,981.35\n+30.0▲0.8%\nGold\n$1,845\n+7.2▲0.4%\nTreasury Yield 10 Years\n4.07%\n▲0.1\nBTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET\nGood morning.\nBitcoin (BTC) and ether (ETH) remain fairly flat as Asia starts its business day, despite concerns over the accessibility of future access to banking rails in the U.S.\nBitcoin is trading at $23,441, down 0.9% in the last 24 hours, while ether is down 1.2% and trading at $1,646.\nIn the last 24 hours, access to banking for crypto companies in the U.S. has become a greater concern. Silvergate, which has marketed itself as a crypto-friendly bank, has seen themajority of its client base departfor rival Signature after it delayed filing its annual report with the U.S. Securities and Exchange Commission. In late December, Signature said it was looking to reduce itscrypto-related depositsby $10 billion and is being sued for “substantially facilitating” comingling of funds at FTX.\nAll this is coming after a Jan. 3joint press releasefrom the Federal Reserve, the Federal Deposit Insurance Corp. (FDIC) and the Office of the Comptroller of the Currency (OCC) that presented concern over the risks crypto assets place on banking organizations.\nAt the same time, there continues to be optimism coming out of the East.\nIt’s going to be a busy week in China for data releases.\nOn Tuesday, it\'s set to release data on the balance of trade figures for January and February.Analysts are expectinga major jump from $78 billion for the last period to $100 billion.\nYear-over-year export and import data for the period is also expected to improve. Earlier this week,upbeat manufacturing data from Chinapushed bitcoin up by 4%.\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22124.2%", "DACS Sector": "Entertainment"}, {"Asset": "Chainlink", "Ticker": "LINK", "Returns": "\\u22123.6%", "DACS Sector": "Computing"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\\u22123.3%", "DACS Sector": "Smart Contract Platform"}]\nMost Bitcoin Addresses Are Profitable\nBy Glenn Williams Jr.\nA full 70% of bitcoin addresses are profitable, according to data from on-chain analytics firm Glassnode.\nThe “Percent Addresses in Profit” indicator illustrates the percentage of unique addresses whose average purchase price sits below the current price for bitcoin. Historically readings below 50 have indicated that BTC is oversold, and thus, represent a potential bottom.\nReadings above 95% indicate a potential top. Bitcoin’s current reading falls very much in line with an asset that has been trading in a tight range, as BTC has recently.\nETHDenver 2023\n8:00 a.m. HKT/SGT(00:00 UTC)Eurozone S&P Global Composite PMI (Feb)\n2:00 p.m. HKT/SGT(6:00 UTC)United States ISM Services PMI (Feb)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nSilvergate Stock Tumbles as Bank Delays Annual Report; Two-Time NBA All-Star Baron Davis on Web3 Outlook\nSilvergate Bank\'s stock was plunging after the crypto-friendly bank said it is delaying the filing of its annual report. Wave Financial Head of Protocol and Treasury Management Nauman Sheikh shared his reaction. Plus, former National Basketball Association All-Star and serial entrepreneur Baron Davis shared his outlook on the Web3 and blockchain space. And, Matrixport head of research and strategy Markus Thielen explained why Ordinals\' non-fungible tokens (NFT) have the potential to push Stacks Network\'s STX into a billion-dollar token.\nBitcoin Miners Are Starting to Emerge From Brutal Crypto Winter:After several bankruptcies and fire sales, the rally in bitcoin’s price is providing some relief for the miners, although they may not be completely out of the woods yet.\nCrypto Bank Silvergate Stock Tumbles 45% After \'Going Concern\' Filing:The ominous language came in an 8-K filing with the SEC Wednesday evening, in which the troubled lender requested more time before filing its 2022 annual report.\nHost of Crypto Firms, Including Coinbase, Paxos and Galaxy, Jump Ship From Silvergate Bank:Coinbase\'s change is specific to banking in U.S. dollars and doesn\'t affect payment instructions in pounds or euros.\n401(k) Provider ForUsAll to Offer Crypto Investments Into CoinDesk Indices Constituents:This will be the first index-based digital asset offering available through a 401(k), says ForUsAll.\nEthereum Devel
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-03-03
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $432,188,314,250
- Hash Rate: 359556658.1833338
- Transaction Count: 355273.0
- Unique Addresses: 807383.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.50
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Report by leading options traders analyzes BTC options data over the past four years MIAMI , Jan. 24, 2023 /PRNewswire-PRWeb/ -- Amberdata , the leader in digital asset data and analytics for institutional customers, releases the most comprehensive research on BTC options by the leaders in options trading. The report encompasses four years of BTC options market data, focusing on Deribit as the leading options exchange, leveraging Amberdata's analytics. While the report focuses on finding profits in BTC volatility, it also uncovers some interesting ETH trends. Two key take-aways: Crypto options are still inefficient and provide an opportunity for outperformance. ETH options will be a major driver of volatility trading throughout 2023 and beyond. Greg Magadini , Director of Derivatives at Amberdata , shared, "Compiling a report focused on four years of BTC options data has never been done before, and so this release marks a major milestone for the industry, particularly for traders seeking to enhance their trading strategies based on historical data and insights." Other notable findings include: In 2022, ETH options markets overtook BTC options markets in terms of volume and open interest for the first time ever. Institutional block trading activity in ETH options increased more than 300% in 2022. Monthly volumes have been growing significantly for ETH while BTC hasn't grown significantly beyond the highs seen in January 2021 . In 2022, BTC spot and volatility relationships resembled equity index volatility, whereas in 2021 this relationship resembled scarce commodities. A who's who of crypto options trading came together with Greg Magadini and Fabio Bassani of Amberdata Derivatives to complete this first-ever analysis. The team included notable options heavyweights Euan Sinclair , Option Trader and author of several options books, Tony Stewart , Advisor, Trader, Deribit Contributing Analyst and previous Morgan Stanley Managing Director and Head of European Index Derivatives Trading and Samneet Chepal , Crypto Quant Derivatives Trader at LedgerPrime. Story continues Euan Sinclair shared, "Finding profitable option strategies is typically easy when you're selling the put-leg, but what we've found in crypto vol. is a profitable strategy backtest that allows traders to get long the put-leg. This is a valuable finding." Tony Stewart added, "Being one of the earliest traditional finance vol. traders to have made the full transition over to the crypto vol. space, it has been extremely helpful to analyze and contextualize the spot/vol. regimes over the past four years. Readers stand to learn a lot from this report." The team leveraged insights from the data analysis to find significantly profitable strategies, while also reducing risk, demonstrating how crypto options can enhance portfolio performance. The team assessed a variety of systematic volatility trading scenarios (straddle, butterfly) and provided a complete look at the nuances of risk-reversal strategies. Click here to download a copy of the report. About Amberdata Amberdata is the leading provider of digital asset data. We deliver comprehensive data and insights into blockchain networks, crypto markets, and decentralized finance, empowering financial institutions with data for research, trading, risk, analytics, reporting, and compliance. Amberdata serves as a critical piece of infrastructure for financial institutions entering the asset class and participating in digital asset markets. To learn more, visit Amberdata.io Media Contact Jonathan Duran , Melrose PR, 310.260.7901, [email protected] SOURCE Amberdata...
- Reddit Posts (Sample): [['u/RonPaulWasR1ght', 'Rules of Etiquette for Bitcoiners.', 39, '2023-03-03 00:16', 'https://www.reddit.com/r/Bitcoin/comments/11gjtd1/rules_of_etiquette_for_bitcoiners/', 'As the late great Biggie Smalls would say: "It\'s rules to this shit, I wrote me a manual." Guys, when this next halving arrives in a little over a year, we\'re going to start to become quite wealthy. Those miners won\'t be able to dump anywhere near as much BTC on the market, and the upward pressure on the price will be palpable. We all know this. Hell, I saw an article that says over 70% of all BTC has been hodled for over a year now. \n\nBut with that wealth comes responsibility. We should be gracious winners, and care about others who are less fortunate. I propose the following:\n\n\\- Only try the orange pill on someone one time. After that, leave it. Talk about the basketball game instead. More than once, you\'re bugging them. They\'ll figure it out on their own time. \n\n\\- Let\'s get rid of "Have fun staying poor." It\'s just, not a nice thing to say. We don\'t need to spike the football. Better would be "good luck with your alt-coin", or whatever. \n\n\\- Let\'s also get rid of "I lost it in a boating accident". That\'s a precious metals kind of saying, and they can have it. How would you lose BTC in a boating accident anyhow? If you know your seed words, you\'d just go and recover it. We\'ve already taken the air out of gold and silver with a far better and more scarce asset, and BTC lives in their heads rent-free. Do we need to steal their saying also? \n\n\\- Never tell anyone how much BTC you own. You can tell them in a roundabout way that requires them to do some math and know about BTC, such as "I have enough BTC that if everyone in New York has as much as I do, there\'d be no BTC left." But never give the actual amount. \n\n\\- Always have a backup wallet, in addition to your daily-use wallet. And keep the vast majority of your BTC in the backup. That way if you get robbed, you only lose the daily-use balance. \n\n\\- Never get frustrated with people who don\'t come around to thinking BTC is great and who aren\'t interested in it. They\'ll come around on their own in time. The legacy banking system still works pretty well for most people in the western world, and people are slow to change something that seems to be working. We have to exercise extreme patience and understanding. \n\nThat\'s pretty much it. Stack on and hodl!!! : - )', 'https://www.reddit.com/r/Bitcoin/comments/11gjtd1/rules_of_etiquette_for_bitcoiners/', '11gjtd1', [['u/Wilynesslessness', 15, '2023-03-03 02:24', 'https://www.reddit.com/r/Bitcoin/comments/11gjtd1/rules_of_etiquette_for_bitcoiners/jap6wj7/', 'I lost coin sailing the digital seas', '11gjtd1']]], ['u/Vice-Tempus', 'Bitcoin Era', 471, '2023-03-03 02:13', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/', "I know a lot of people felt they were at a significant disadvantage during the 1M ruble bitcoin era BUT: does anyone else miss that era of tarkov? \n\nI wasn't 100M in the bank rich but MAN that was a FUN time to play. Bitcoin farm pulling guaranteed money daily. GPUs and Tetris spawning like wildfire in IDEA. \nAbsolute JUICER teams everywhere.\nThe economy was trashed and it felt like everything was lawless. I enjoyed the chaos hahaha", 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/', '11gmxv2', [['u/IIYellowJacketII', 26, '2023-03-03 03:07', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/japcjtn/', "I had like 700 million at the end of bitcoin wipe....it was kinda fun but also kinda boring. \n\nBasically everyone had so much roubles that the entire economy part of the game didn't even exist anymore, since you can just buy whatever at all times when you had traders unlocked.\n\nPretty sure I heard of someone farming 5 billion roubles that wipe lol.", '11gmxv2'], ['u/OldGrouchyGamer', 205, '2023-03-03 03:33', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/japfzgp/', "As someone who was finally able to access good gear that wipe, it was the wipe I enjoyed most. I would guess most of the casual players loved that wipe because they were able to access content they couldn't otherwise.", '11gmxv2'], ['u/nuk3dom', 13, '2023-03-03 03:38', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/japgmai/', 'Good times i also sometimes think about', '11gmxv2'], ['u/iReddat420', 39, '2023-03-03 04:14', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/japl61b/', "I was broke af during the btc era because I started the wipe late and got cucked by the solar and farm nerfs and had to buy super expensive gpus while everyone was already thriving on btc money\n\nComparatively speaking that wipe was probably the poorest I ever was in relation to the general playerbase, don't even know why I bothered playing that wipe for so long", '11gmxv2'], ['u/Existencialyte', 20, '2023-03-03 04:37', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/japnwbj/', "The number one thing I miss about tarkov is the Killa farming when he was at centre mall. \n\nIt gave me something to do every wipe, and it was one of those things that really felt satisfying when the goal was achieved. Once they spread out his spawns it was really hard to find him, and required to much time. \n\nIt was really fun and exciting to dash towards center mall, and compete with all the other Killa farmers. You would run into the same players often and have really interesting encounters. There was something special about the whole experience, and I actually miss it a lot. I don't find wipes anywhere as exciting as I used to without this process included. \n\nIt is a damn shame that we never got to experience it with VOIP as well, because that would have been fucking INCREDIBLE.\n\nIf you are reading Nikita, and you want something good to give the community, GIVE US KILLA FARMING BACK!", '11gmxv2'], ['u/Gigachad____', 13, '2023-03-03 05:09', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/japrm7t/', "good era People weren't so scared because they had money in reserve, gear was much more plentiful and on flea.\n\nPushing wasn't suicidal with no inertia and recoil was much lower.\n\n50% More stamina made maps less cancer to run around on\n\nHigh density loot areas gave people something to fight over instead of doing stash runs like now.\n\nFighting bosses would mean you could flea their high end gear for a good amount\n\nKeycards were on flea meaning you could run labs\n\nPeople had no reason to RMT because you could just get the loot yourself without wasting hours of time doing boring shit. You could do cool shit like farming killa or PVPing in any of the loot hotspots", '11gmxv2'], ['u/steveler7', 10, '2023-03-03 05:09', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/japrnzj/', 'Best time was free labs. But the bitcoin craze would probably be second', '11gmxv2'], ['u/Vice-Tempus', 15, '2023-03-03 05:20', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/japswpy/', 'Bruhhhh I MISSSSSS the days of getting to KIBA first, locking yourself in and then having everyone show up and fight while you watch OR the excitement of having to fight your way out of KIBA. \n\nI specifically remember one time my friends and I watched Killa wipe a 3 man team for us while we sat in KIBA. He came out of NOWHERE and ate them alive. \n\nInterchange was a WARZONE during that time. I swear you could not go to that map without fighting multiple teams the whole time you were on the map.', '11gmxv2'], ['u/MikeHoncho2568', 11, '2023-03-03 05:29', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/japtwkw/', 'I had a THICC items case full of Slicks and about 15 fully modded meta guns with top tier ammo. I agree that it was boring. I think Tarkov is more fun when most people have crap gear.', '11gmxv2'], ['u/Rk0', 10, '2023-03-03 05:41', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/japvajq/', 'I just miss that state of the game, not really the bitcoin inflation.', '11gmxv2'], ['u/MapleYamCakes', 45, '2023-03-03 06:06', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/japxx10/', 'Most people I kill right now don’t even have anything on them worth the ammo I spent shooting at them.', '11gmxv2'], ['u/Thesaladman98', 26, '2023-03-03 07:16', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/jaq4kcu/', "I miss the Era right before that. When bitcoins sky rocketed that's when things started going to shit. Bsg went crazy trying to fix the economy, many of the changes they still havnt reverted. People started being scared to lose gear (ironic) but having 3mil in your ass every raid from 2 tetris and a bitcoin just panicked everyone, idk that was still a fun time but things started ti decline rapidly.\n\nLike I noticed alot more hatchet runners, alot more money runners, alot more super cheap gear, even though everyone had 300mil in their stash. Meanwhile just before that everyone was running slicks and meta m4s with 20mil.", '11gmxv2'], ['u/MapleYamCakes', 28, '2023-03-03 07:25', 'https://www.reddit.com/r/EscapefromTarkov/comments/11gmxv2/bitcoin_era/jaq5epb/', 'That’s how I’ve been playing for 3 wipes. I figured out almost 2 years ago that my survival rate increases from about 55% to 85% when I bring a bolt action rifle and only have 10 rounds of M62 loaded into mags. Keep a 40 stack in my gamma. Level 4 armor, ulach, decent rig. No secondary, no grenades, basic meds, no backpack. The frequency of deaths to obvious cheaters drops dramatically. Kill a PMC in raid, take their bag, and loot up and leave.\n\nDon’t play any differently than if I had a full auto weapon. Just quick snipe people or hip fire them with a blue laser on the M700.', ...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["It was thesecond consecutive weekof straight losses for leading cryptocurrencies.\nThe start of the third month of the year comes off the back of the first two weeks of losses in 2023. Considering that the end of 2022 was a virtual freefall for the whole market, it’s too early to say whether crypto has stumbled back into the woods or not.\nThe pullback this week appeared to be areactionto news that crypto bank Silvergatedelayed filing its annual 10-Kreport with the U.S. Securities and Exchange Commission (SEC), causing its stock price to drop 31% in after-hours trading on Wednesday.Coinbase,Tether, and a plethora of other crypto companies were quick tocut their tiesto the beleaguered crypto bank.\nBitcoin (BTC) dropped 6.3% over the last seven days and currently trades for $22,336, while Ethereum (ETH) weathered the news a bit better, only sinking 4.7% to hit $1,564, according to data byCoinGecko.\nSeveral leading currencies dropped in value by double-digit percentile figures, including Cardano (ADA), which fell 11.1% to $0.339492, Polygon (MATIC) dropped 14.4% to $5.94, Avalanche (AVAX) sank 15.9% to $16.51, Cosmos Hub (ATOM) depreciated 12.5% to $11.91 and Chainlink (LINK) dropped 12.7% to $6.89.\nSolana didn't fall as far, dropping by about 10.8% to hit $20.96 at the time of writing—despite amysterious outagethis week that took the network offline for 20 hours. The Solana Foundation is currentlyinvestigatingthe incident.\nAfter posting someblistering gainstwo weeks ago, storage protocol token Filecoin (FILE) dropped a staggering 21% to $6.05.\nThere were no significant gains among any of the leading cryptocurrencies this week.\nThere was lots of talk in political circles across the globe that made crypto fans uneasy this week. First, the managing director of the International Monetary Fund (IMF), Kristalina Georgieva, told a Bloomberg reporter on Monday that “if the regulation is slow to come and crypto assets become a higher risk for consumers and potentially for financial stability,” the option of banning cryptocurrencies “should not be takenoff the table.”\nFrance’s National Assemblyvoted on Tuesdayto adopt a bundle of European Union laws, including an amendment that clamps tighter requirements on new players looking to operate in the French crypto market. The bill now only requires President Macron’s signature to be approved into law.\nStateside on Monday, Coinbase announced it wasdelisting BUSD, a dollar-pegged stablecoin created by rival exchange Binance. The news came two weeks after stablecoin issuer Paxos said it would “end its relationship with Binance” after getting hit with a lawsuit from the SEC over issuing the stablecoin; the SECaccusesPaxos of violating investor protection laws.\nMeanwhile, the SEC’s “regulation-by-enforcement” (read: crypto clampdown) strategy continued apace this week when Robinhood announcedon Tuesdaythat it was subpoenaed by the Federal regulator over the trading app’s “supported cryptocurrencies, custody of cryptocurrencies, and platform operations.”", "This week in coins. Illustration by Mitchell Preffer for Decrypt. It was the second consecutive week of straight losses for leading cryptocurrencies. The start of the third month of the year comes off the back of the first two weeks of losses in 2023. Considering that the end of 2022 was a virtual freefall for the whole market, it’s too early to say whether crypto has stumbled back into the woods or not. The pullback this week appeared to be a reaction to news that crypto bank Silvergate delayed filing its annual 10-K report with the U.S. Securities and Exchange Commission (SEC), causing its stock price to drop 31% in after-hours trading on Wednesday. Coinbase , Tether , and a plethora of other crypto companies were quick to cut their ties to the beleaguered crypto bank. Bitcoin (BTC) dropped 6.3% over the last seven days and currently trades for $22,336, while Ethereum (ETH) weathered the news a bit better, only sinking 4.7% to hit $1,564, according to data by CoinGecko . Several leading currencies dropped in value by double-digit percentile figures, including Cardano (ADA), which fell 11.1% to $0.339492, Polygon (MATIC) dropped 14.4% to $5.94, Avalanche (AVAX) sank 15.9% to $16.51, Cosmos Hub (ATOM) depreciated 12.5% to $11.91 and Chainlink (LINK) dropped 12.7% to $6.89. Solana didn't fall as far, dropping by about 10.8% to hit $20.96 at the time of writing—despite a mysterious outage this week that took the network offline for 20 hours. The Solana Foundation is currently investigating the incident. After posting some blistering gains two weeks ago, storage protocol token Filecoin (FILE) dropped a staggering 21% to $6.05. There were no significant gains among any of the leading cryptocurrencies this week. Regulators tighten screws There was lots of talk in political circles across the globe that made crypto fans uneasy this week. First, the managing director of the International Monetary Fund (IMF), Kristalina Georgieva, told a Bloomberg reporter on Monday that “if the regulation is slow to come and crypto assets become a higher risk for consumers and potentially for financial stability,” the option of banning cryptocurrencies “should not be taken off the table .” Story continues France’s National Assembly voted on Tuesday to adopt a bundle of European Union laws, including an amendment that clamps tighter requirements on new players looking to operate in the French crypto market. The bill now only requires President Macron’s signature to be approved into law. Stateside on Monday, Coinbase announced it was delisting BUSD , a dollar-pegged stablecoin created by rival exchange Binance. The news came two weeks after stablecoin issuer Paxos said it would “end its relationship with Binance” after getting hit with a lawsuit from the SEC over issuing the stablecoin; the SEC accuses Paxos of violating investor protection laws. Meanwhile, the SEC’s “regulation-by-enforcement” (read: crypto clampdown) strategy continued apace this week when Robinhood announced on Tuesday that it was subpoenaed by the Federal regulator over the trading app’s “supported cryptocurrencies, custody of cryptocurrencies, and platform operations.”", "It was thesecond consecutive weekof straight losses for leading cryptocurrencies.\nThe start of the third month of the year comes off the back of the first two weeks of losses in 2023. Considering that the end of 2022 was a virtual freefall for the whole market, it’s too early to say whether crypto has stumbled back into the woods or not.\nThe pullback this week appeared to be areactionto news that crypto bank Silvergatedelayed filing its annual 10-Kreport with the U.S. Securities and Exchange Commission (SEC), causing its stock price to drop 31% in after-hours trading on Wednesday.Coinbase,Tether, and a plethora of other crypto companies were quick tocut their tiesto the beleaguered crypto bank.\nBitcoin (BTC) dropped 6.3% over the last seven days and currently trades for $22,336, while Ethereum (ETH) weathered the news a bit better, only sinking 4.7% to hit $1,564, according to data byCoinGecko.\nSeveral leading currencies dropped in value by double-digit percentile figures, including Cardano (ADA), which fell 11.1% to $0.339492, Polygon (MATIC) dropped 14.4% to $5.94, Avalanche (AVAX) sank 15.9% to $16.51, Cosmos Hub (ATOM) depreciated 12.5% to $11.91 and Chainlink (LINK) dropped 12.7% to $6.89.\nSolana didn't fall as far, dropping by about 10.8% to hit $20.96 at the time of writing—despite amysterious outagethis week that took the network offline for 20 hours. The Solana Foundation is currentlyinvestigatingthe incident.\nAfter posting someblistering gainstwo weeks ago, storage protocol token Filecoin (FILE) dropped a staggering 21% to $6.05.\nThere were no significant gains among any of the leading cryptocurrencies this week.\nThere was lots of talk in political circles across the globe that made crypto fans uneasy this week. First, the managing director of the International Monetary Fund (IMF), Kristalina Georgieva, told a Bloomberg reporter on Monday that “if the regulation is slow to come and crypto assets become a higher risk for consumers and potentially for financial stability,” the option of banning cryptocurrencies “should not be takenoff the table.”\nFrance’s National Assemblyvoted on Tuesdayto adopt a bundle of European Union laws, including an amendment that clamps tighter requirements on new players looking to operate in the French crypto market. The bill now only requires President Macron’s signature to be approved into law.\nStateside on Monday, Coinbase announced it wasdelisting BUSD, a dollar-pegged stablecoin created by rival exchange Binance. The news came two weeks after stablecoin issuer Paxos said it would “end its relationship with Binance” after getting hit with a lawsuit from the SEC over issuing the stablecoin; the SECaccusesPaxos of violating investor protection laws.\nMeanwhile, the SEC’s “regulation-by-enforcement” (read: crypto clampdown) strategy continued apace this week when Robinhood announcedon Tuesdaythat it was subpoenaed by the Federal regulator over the trading app’s “supported cryptocurrencies, custody of cryptocurrencies, and platform operations.”", "Ordinal Doge combines conventional and smart contracts on Ethereum to unlock the power of Bitcoin and create a distinctive feature coin that is gaining popularity in the crypto sphere.\nONTARIO, CANADA, March 04, 2023 (GLOBE NEWSWIRE) -- Every day in the crypto sector is marked by the advent of innovation. A recent innovation that has taken the crypto sphere by storm is the ‘Ordinals’. Within months of its inception, this unique invention has managed to allure a plethora of investors.\nIn January 2023, a renowned software engineer, Casey Rodarmor revived the lost glory of Bitcoin when he deployed the Ordinals Protocol on the Bitcoin Network. With this protocol, users can now create Non-fungible tokens (NFTs) on the
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-03-04
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $431,587,532,812
- Hash Rate: 325313166.92777824
- Transaction Count: 306300.0
- Unique Addresses: 678996.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.50
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: A recent upswing in the price of cryptocurrencies like Bitcoin and Ethereum has provoked a distantly familiar debate: whether a market rebound could be imminent or if recent trends are just a prelude to more pain.
Since Bitcoin reached an all-time high of around $69,000 in November of 2021, digital assets have been walloped by higher interest rates and a series of high-profile collapses–firms like Three Arrows Capital (3AC) and FTX, to name a few.
While Bitcoin is down nearly 67% from its peak, digital assets–and other investments like stocks–have had a positive start to the year. The price of Bitcoin has risen 38% so far this month to $22,858, its highest price since last August. Ethereum, meanwhile, has seen the value of ETH rise around 38% as well to $1,645, according toCoinGecko.
Cryptocurrency prices began rising earlier this month in anticipation of an economic report that showed inflation cooled in December. The reading also lifted hopes about the Federal Reserve raising interest rates less aggressively than they have in the past year to tame soaring prices.
2022 Wasn't All Bad for Crypto (Just Mostly)
But be weary, say the cautious. Many crypto commentators believe the recent uptick in prices is too good to be true and are labeling the rally a bull trap, predicting the breakout will come crashing down and burn traders who mistook it as the beginning of a new uptrend.
Others following the rally are also skeptical. A Twitter poll conducted by a popular Bitcoin page reached aconsensusamong over 18,000 participants that the rally was indeed a bull trap on Jan. 15.
More recently, “il Capo Of Crypto,” a prominent influencer and self-proclaimed crypto analyst, agreed with the bearish take, saying the rally “clearly looks manipulated” and is the “biggest bull trap” they’ve ever seen.
The sentiment among cautious crypto enthusiasts was echoed on Reddit, where one userpushed backagainst observations supporting a market bottom made in a news article.
“Hard to believe that it was only a week or so ago that everyone and their analyst was solemnly and confidently proclaiming that [Bitcoin at] 12k was inevitable and unavoidable,” the user stated.
And, of course, there’s Jim Cramer. The host of MSNBC’sMad Moneytweeted Wednesday that the recent bounce is “manipulation” and further evidence that digital assets are a “sham market.”
The mixed accuracy of Cramer’s commentary over the long haul has become the subject of ridicule, prompting many memes and the popularity of accounts like the “Inverse Cramer ETF,” a fictional Exchange-Traded Fund that recommends the opposite of Cramer’s advice.
Jim Cramer Turns Bearish on Crypto. Is That Bullish?
In response to Cramer’s assertion on Wednesday, multiple accounts took the host’s pessimism as a positive sign, such as Dan Held, head of growth marketing at crypto exchange Kraken, who replied, “Bottom is in!”
Other influential accounts on Twitter were earnestly bullish, such as “PlanB,” whodeclareda new bull market in digital assets had begun as Bitcoin’s recent pump took hold.Somecommunity members took it as an opportunity to harp on those who believe digital assets will face more losses.
The upswing in prices has also left a few on Wall Street scratching their heads.
A research report published Friday by JP Morgan analysts couldn’t explain the surge in crypto prices with confidence, but did acknowledge market conditions for riskier assets have grown more favorable, citing the recent inflation report’s release.
“We don’t have a great answer on the January-to-date rally of crypto, but we do think it is emblematic of the underlying conviction many still have in cryptocurrencies,” it stated. “The crypto-bulls and whales seem to have been reinvigorated.”...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Once a crucial banking partner for the crypto firms, Silvergate Capital (SI), is nowon the cusp of failure.\nThe La Jolla, California-based company said Friday evening that it\'s suspending its Silvergate Exchange Network (SEN) but “other deposit-related services remain operational.”\nThe announcement came about an hour after Moody’s downgraded Silvergate’s bank deposit rating from Ba3 to Caa1, a blow that judges the bank\'s obligations to be subject to very high credit risk.\nIn November, Silvergate faced both financial losses and regulatory probes largely due to the collapse of significant clientssuch as FTX and related hedge fund Alameda Research.\nSilvergate’s stock, which plummetedThursdayand Friday, is down 95% over the past year.\nOn Thursday, theCalifornia state-chartered bank said it needed to further delay its annual reportand that it anticipated further losses beyond a nearly one billion drop in net losses it reported in January preliminary results for Q4.\nThe bank also cited pending regulatory investigations, lawmaker inquiries, and its “ability to continue as a going concern for the twelve months following the issuance of these financial statements.”\nSilvergate faced a run on deposits by the crypto firms it banked including Coinbase, Paxos, Galaxy Digital and others, who made an effort todistance themselves from the troubled bank.\nIn a worst case scenario, Silvergate may file for bankruptcy.\nMore likely, the FDIC-insured bank, Silvergate Bank, could go intoreceivership.\nNot unlike bankruptcy, receivership acts as a “protective umbrella” where a “receiver” or trustee is appointed to take over the business with the ultimate goal of protecting creditors — especially those with secured loans.\nUnlike bankruptcy, receivership is not a legal action and it\'s geared to protecting a company’s lenders instead of borrowers (as is the case in bankruptcy).\nJesse Austin, a former partner with King & Spaulding’s bankruptcy practice, explained that in this instance the decision and execution for receivership will be made by two banking regulators - the Federal Deposit Insurance Corporation (FDIC) or California\'s Department of Financial Protection and Innovation (DFPI) - who could declare Silvergate Bank inadequately capitalized.\n“If California\'s baking regulator or the FDIC finds Silvergate under-capitalized, the FDIC will then come in and close down the bank,” Austin told Yahoo Finance.\nThough bankruptcy code specifically prevents a bank from filing for chapter 11 or chapter 7 bankruptcy, Austin said that Silvergate’s holding company, Silvergate Capital, could still file for bankruptcy — especially if it has other valuable assets besides customer deposits.\nAlong with Silvergate’s SEN network, the company also owns stablecoin assetspurchasedfrom Meta’s shuttered stablecoin project, Diem, in January of last year for 1.2 million shares and $50 million in cash.\nThe crypto-friendly bank\'s troubles follow joint statements fromJanuaryandFebruaryissued by the Federal Reserve with FDIC and OCC that warned of the volatility risks of banks that catered to crypto clients assume.\nIn light of Silvergate\'s position, the statements raise further questions whether U.S. banks will become "a lot more gun shy" to the digital asset industry, constraining access for crypto firms, according to a banking industry source familiar with Silvergate\'s capitalization.\n"On the one hand, if crypto is going to be out there and Americans are putting their dollars into it, don\'t you really want those dollars to be held in U.S. versus foreign banks?" this person, who requested anonymity to speak freely about Silvergate, told Yahoo Finance. "Maybe it\'s not that if you\'re a bank you can\'t take those types of deposits, but you need to limit them by proportion on your balance sheet."\nSilvergate became a regional bank in 1996, but it wasn’t until 2014 that CEO Alan Lane chose for the company to begin servicing crypto clients like thenow-bankrupt Genesis.\nThe company carved out a niche for itself by giving banking access to a growing number of crypto startups, and the bank\'s offerings evolved into a formalized payments platform known as the Silvergate Exchange Network, where 24/7 operating crypto depositors could make U.S. dollar transfers and loans outside traditional banking hours.\nSilvergate held $1.8 billion in total deposits and $2 billion in assets at the end of its 2018 fourth quarter. By crypto\'s peak in 2021, its total deposits and assets had risen to $14.3 billion and $16 billion, respectively.\nFollowing the bankruptcy of crypto exchange FTX, Silvergate\'s total deposits and assets fell to $6.2 billion and $11.3 billion by the end of last year\'s fourth quarter.\nWith that drop in deposits, Silvergate’s capital relative to its assets shrank by half. This leverage ratio fell from 10.7% in its third quarter to 5.3%, a level of specific concern for banks with regulators having reason to step in for any U.S. bank below 5%.\n"The difficulty here is that Silvergate was not a huge bank," the banking industry source told Yahoo Finance. "They strategically grew their deposits by working with crypto companies, but their crypto deposits became much larger than the rest of their business."\nDavid is a reporter for Yahoo Finance. Follow him on Twitter@DSHollers\nClick here for the latest crypto news, updates, values, prices, and more related to Bitcoin, Ethereum, Dogecoin, DeFi and NFTs\nRead the latest financial and business news from Yahoo Finance', 'Once a crucial banking partner for the crypto firms, Silvergate Capital ( SI ), is now on the cusp of failure . The La Jolla, California-based company said Friday evening that it\'s suspending its Silvergate Exchange Network (SEN) but “other deposit-related services remain operational.” The announcement came about an hour after Moody’s downgraded Silvergate’s bank deposit rating from Ba3 to Caa1, a blow that judges the bank\'s obligations to be subject to very high credit risk. In November, Silvergate faced both financial losses and regulatory probes largely due to the collapse of significant clients such as FTX and related hedge fund Alameda Research . Silvergate’s stock, which plummeted Thursday and Friday, is down 95% over the past year. On Thursday, the California state-chartered bank said it needed to further delay its annual report and that it anticipated further losses beyond a nearly one billion drop in net losses it reported in January preliminary results for Q4. The bank also cited pending regulatory investigations, lawmaker inquiries, and its “ability to continue as a going concern for the twelve months following the issuance of these financial statements.” Silvergate faced a run on deposits by the crypto firms it banked including Coinbase, Paxos, Galaxy Digital and others, who made an effort to distance themselves from the troubled bank . What happens next? In a worst case scenario, Silvergate may file for bankruptcy. More likely, the FDIC-insured bank, Silvergate Bank, could go into receivership . Not unlike bankruptcy, receivership acts as a “protective umbrella” where a “receiver” or trustee is appointed to take over the business with the ultimate goal of protecting creditors — especially those with secured loans. Unlike bankruptcy, receivership is not a legal action and it\'s geared to protecting a company’s lenders instead of borrowers (as is the case in bankruptcy). Jesse Austin, a former partner with King & Spaulding’s bankruptcy practice, explained that in this instance the decision and execution for receivership will be made by two banking regulators - the Federal Deposit Insurance Corporation (FDIC) or California\'s Department of Financial Protection and Innovation (DFPI) - who could declare Silvergate Bank inadequately capitalized. Story continues “If California\'s baking regulator or the FDIC finds Silvergate under-capitalized, the FDIC will then come in and close down the bank,” Austin told Yahoo Finance. Though bankruptcy code specifically prevents a bank from filing for chapter 11 or chapter 7 bankruptcy, Austin said that Silvergate’s holding company, Silvergate Capital, could still file for bankruptcy — especially if it has other valuable assets besides customer deposits. Along with Silvergate’s SEN network, the company also owns stablecoin assets purchased from Meta’s shuttered stablecoin project, Diem, in January of last year for 1.2 million shares and $50 million in cash. The crypto-friendly bank\'s troubles follow joint statements from January and February issued by the Federal Reserve with FDIC and OCC that warned of the volatility risks of banks that catered to crypto clients assume. In light of Silvergate\'s position, the statements raise further questions whether U.S. banks will become "a lot more gun shy" to the digital asset industry, constraining access for crypto firms, according to a banking industry source familiar with Silvergate\'s capitalization. "On the one hand, if crypto is going to be out there and Americans are putting their dollars into it, don\'t you really want those dollars to be held in U.S. versus foreign banks?" this person, who requested anonymity to speak freely about Silvergate, told Yahoo Finance. "Maybe it\'s not that if you\'re a bank you can\'t take those types of deposits, but you need to limit them by proportion on your balance sheet." How Silvergate reached the brink Silvergate became a regional bank in 1996, but it wasn’t until 2014 that CEO Alan Lane chose for the company to begin servicing crypto clients like the now-bankrupt Genesis . The company carved out a niche for itself by giving banking access to a growing number of crypto startups, and the bank\'s offerings evolved into a formalized payments platform known as the Silvergate Exchange Network, where 24/7 operating crypto depositors could make U.S. dollar transfers and loans outside traditional banking hours. Silvergate held $1.8 billion in total deposi
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-05
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $436,238,776,181
- Hash Rate: 331733821.53819484
- Transaction Count: 286638.0
- Unique Addresses: 630099.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.47
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitfarms Ltd. - Deleveraging continues with indebtedness reduced by 86% in 9 months - This news release constitutes a “designated news release” for purposes of the Company’s prospectus supplement dated August 16, 2021, to its short form base shelf prospectus dated August 12, 2021. TORONTO, Ontario and BROSSARD, Québec, March 01, 2023 (GLOBE NEWSWIRE) -- Bitfarms Ltd. ( NASDAQ: BITF//TSX: BITF ), a global Bitcoin self-mining company, provided a Bitcoin (BTC) production and mining operations update for February 2023. “We are well-positioned for growth in 2023 following our 2022 infrastructure investments, our reduction in cash burn, and our significant deleveraging that began last June,” said Geoff Morphy, CEO of Bitfarms. “In strengthening our balance sheet, we increased our financial flexibility to pursue strategic growth opportunities that we believe are emerging as a result of persistent and challenging industry dynamics. In addition, with $22.4 million in credits for the purchase of miners and 40 MW of built capacity at our Argentina farm, as soon as miners can be imported there, we will require minimal capital outlays to bring on substantial additional production.” Ben Gagnon, Chief Mining Officer of Bitfarms, said, “In February, we mined 387 BTC, increasing production by 30% year-over-year although lowering the average BTC mined per day to 13.8 month-over-month. February production was primarily impacted by unseasonably cold weather in Quebec as we curtailed over 10,000 MWh during an already short month. Additionally, network difficulty is up 21.7% year to date following another 10% increase on February 24. While this reflects rising confidence in the industry, it also emphasizes the advantage of Bitfarms being a low-cost producer.” CFO Jeff Lucas added, “In February, we paid off two miner finance agreements: the $20.6 million facility with BlockFi for $7.75 million and shortly after the $379,000 agreement with Reliz for $118,000. Combined, these actions have materially reduced our total indebtedness and alleviated the Company of $22.3 million in principal and interest payments for just $7.9 million. These and other strategic actions over the last 9 months have reduced our debt 86% from a high of $165 million in June 2022 to just $22.7 million at month end, substantially strengthening our balance sheet and improving cash flows through the reduction of monthly debt payments.” Story continues Mining Review As a normal part of operations during the winter, energy curtailment programs impacted production. As a result of very cold weather in Quebec in early and late February, Bitfarms temporarily curtailed operations there, supporting the community by restoring over 10,000 MWh of power back to the local power grids. The sustained cold weather and higher levels of curtailment in February are not expected to continue into March. Key Performance Indicators Feb. 2023 Jan. 2023 Feb. 2022 Total BTC Mined 387 486 298 Month End Operating EH/s 4.7 4.7 2.3 BTC/ Avg. EH/s 91 110 131 Operating Capacity (MW) 188 188 116 Hydropower MW 178 178 116 Watts/Terahash Efficiency (w/TH) 39 40 43 BTC Sold 387 486 15 February 2023 Select Operating Highlights 4.7 EH/s online as of February 28, 2023, up 104% from February 28, 2022 and no change compared to January 31, 2023. 4.25 EH/s average online, compared to 4.42 EH/s in January 2023. 91 BTC/average EH/s, down 17% from 110 in January 2023. 387 new BTC mined, up 30% from February 2022 and down 20% from January 2023. 13.8 BTC mined daily on average, equivalent to about $328,400 per day and approximately $9.2 million for the month based on a BTC price of $23,800 on February 28, 2023. Mining Operations Mined Bitfarms’ 20,000 th BTC with renewable hydropower since the 2017 founding. Improved efficiency of newly unencumbered Bitmain miners in Washington 16% from 31 w/TH to 26 w/TH with new firmware. Improved overall fleet efficiency to 39 w/TH. Started facility optimizations, repairs and preparation for spring. Bitfarms’ BTC Monthly Production Month BTC Mined 2023 BTC Mined 2022 January 486 301 February 387 298 Total YTD 873 599 February 2023 Financial Update Reduced total outstanding indebtedness to $22.7 million as of February 28, 2023: Settled the outstanding principal and interest due to BlockFi, totaling $20.6 million, for a cash payment of $7.75 million. Paid off the $379,000 financing due to Reliz for a cash payment of $118,000. Sold 387 BTC, generating total proceeds of $8.3 million. Held 405 BTC in custody at February 28, 2023, representing a total value of approximately $9.6 million based on a BTC price of $23,800. Conferences and Events Bitfarms plans to attend the following upcoming events: March 12-14: Roth 35 th Annual Conference, Laguna Nigel, California March 22-23: Sidoti’s March 2023 Small Cap Virtual Conference About Bitfarms Ltd. Founded in 2017, Bitfarms is a global, publicly traded (NASDAQ/TSX: BITF) Bitcoin self-mining company. Bitfarms runs vertically integrated mining operations with in-house management and company-owned electrical engineering, installation service, and onsite technical repair. The Company’s proprietary data analytics system delivers best-in-class operational performance and uptime. Bitfarms has 10 mining facilities around the world, which are located in four countries: Canada, the United States, Paraguay, and Argentina. Powered by predominantly environmentally friendly hydro-electric and long-term power contracts, Bitfarms is committed to using renewable, locally based, and often underutilized energy infrastructure. To learn more about Bitfarms’ events, developments, and online communities: Website: www.bitfarms.com https://www.facebook.com/bitfarms/ https://twitter.com/Bitfarms_io https://www.instagram.com/bitfarms/ https://www.linkedin.com/company/bitfarms/ Glossary of Terms BTC BTC/day = Bitcoin or Bitcoin per day EH or EH/s = Exahash or exahash per second MW or MWh = Megawatts or megawatt hour PH or PH/s = Petahash or petahash per second TH or TH/s = Terahash or terahash per second Cautionary Statement Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the Toronto Stock Exchange, Nasdaq, or any other securities exchange or regulatory authority accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements This news release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. The statements and information in this release regarding financial flexibility, strategic growth opportunities, expansion of production in Argentina and other future plans and objectives of the Company are forward-looking information. Other forward-looking information includes, but is not limited to, information concerning: the intentions, plans and future actions of the Company, as well as Bitfarms’ ability to successfully mine digital currency, revenue increasing as currently anticipated, the ability to profitably liquidate current and future digital currency inventory, volatility of network difficulty and digital currency prices and the potential resulting significant negative impact on the Company’s operations, the construction and operation of expanded blockchain infrastructure as currently planned, and the regulatory environment for cryptocurrency in the applicable jurisdictions. Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on assumptions and estimates of management of the Company at the time they were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to: the Company’s outstanding indebtedness (including in respect of any defaults thereunder); the global economic climate; dilution; the Company’s limited operating history; future capital needs and uncertainty of additional financing, including the Company’s ability to utilize the Company’s at-the-market offering (the “ATM Program”) and the prices at which the Company may sell Common Shares in the ATM Program, as well as capital market conditions in general; risks relating to the strategy of maintaining and increasing Bitcoin holdings and the impact of depreciating Bitcoin prices on working capital; the competitive nature of the industry; currency exchange risks; the need for the Company to manage its planned growth and expansion; the effects of product development and need for continued technology change; the ability to maintain reliable and economical sources of power to run its cryptocurrency mining assets; the impact of energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which the Company operates; protection of proprietary rights; the effect of government regulation and comp...
- Reddit Posts (Sample): [['u/Maleficent_Plankton', "Did you know that when transferring on Ethereum, it costs ~40% more gas to send tokens to a zero-balance account, and also 10% less gas to empty out an existing account's balance.", 86, '2023-03-05 01:03', 'https://www.reddit.com/r/CryptoCurrency/comments/11ihn9l/did_you_know_that_when_transferring_on_ethereum/', "####**TL;DR**\n\nThere is a little-known secret about Ethereum gas fees that you probably won't know unless you're an EVM dev or have studied Ethereum's [Yellow Paper](https://ethereum.github.io/yellowpaper/paper.pdf) of fee schedules.\n\n* It's **~40% more expensive** to send tokens to a zero-balance account than to positive-balance account.\n* It's also **~10% cheaper** to empty out an existing account's balance when transferring.\n\nSome exchanges like Coinbase already take advantage of this rule to save on gas fees.\n\n####**Here's why - Let's get technical:**\n\n**In Appendix G** of the [Yellow Paper](https://ethereum.github.io/yellowpaper/paper.pdf), you can find the **fee schedule**:\n\n* **Gtransaction**: 21k gas - Paid for every transaction\n* **Gnewaccount**: 25k gas - Paid for a CALL or SELFDESTRUCT operation which creates an account\n* **Gsset**: 20k gas - Paid for an SSTORE operation when the storage value is set to non-zero from zero\n* **Gsreset**: 2.9k gas - Paid for an SSTORE operation when the storage value's zeroness remains unchanged or is set to zero\n* **Rsclear**: 5k gas - Refund given (added into refund counter) when the storage value is set to zero from non-zero\n\nThus if you create a new balance, it costs ~20k gas extra. If you destroy a balance, you get a refund of 5k gas. The reason the fee schedule is set this way is to reflect the cost of storing additional account data.\n\nHere's an example of this for the CRV token:\n\n* To an old account while emptying the sending account: [29449 gas](https://etherscan.io/tx/0x10384ce3e3afe2ab00d4ea0174ed7ca8d64cd55d3f1593dec6352fe974eaffc2)\n* To a new account and NOT emptying the sending account: [51349 gas](https://etherscan.io/tx/0x69040134761c179dd4e3d54eddfbb58f09636ca0f4a3bbfac2902b5153f45a8e), a 17.1k + 4.8k = 21.9k gas increase\n\nIf you look at the GETH debug trace, the difference between sending to a zero and a non-zero account is that **SSTORE** costs **2900 to send to positive-balance accounts** and **20000 to zero-balance accounts**, which is a 17.1k gas difference. On top of that, emptying the account is 4.8k gas cheaper due to **Rsclear**.\n\nEvery token is different and has slightly-different gas fees. But you'll find the same differences everywhere.\n\n**Examples of sending USDC on the Goerli testnet**:\n\n* Account to non-zero account: [**48424 gas**](https://goerli.etherscan.io/tx/0xe2523bb6daeaf9e0053751ed1bc20da8d8cc8f508f3e6503baad5e2b3b22da17)\n* Account to zero-balance account: [**65524 gas**](https://goerli.etherscan.io/tx/0x08fb724ef3906b812902874463aabae557ed8b042cdfd607f75fe986ccc2f648), 17.1k more\n* Emptying account to a non-zero account: [**43624 gas**](https://goerli.etherscan.io/tx/0x5702db4d596116598645cbe034e6cadc6e530e0674ac004edaa3134323bd9cea), 4.8k less\n* Emptying account to a zero-balance account: [**60724 gas**](https://goerli.etherscan.io/tx/0xe131605e4a690c31d5f8cc457707eed6691d631fc9538949f9cff0d4368093a6), 12.3k more\n\nThus it's always cheaper to send to an account with an existing balance, and also cheaper to clear an existing balance. Note that this only applies to transfers that use a smart contract. A normal ETH transfer that doesn't use a smart contract will always cost 21k gas regardless of existing balance.\n\n####**How centralized exchanges already take advantage of this**\n\n**Coinbase is a great example of an exchange that exploits this gas fee rule.** Coinbase uses different processes when sending to positive-balance accounts vs zero-balance accounts.\n\n* [Coinbase 10](https://etherscan.io/address/0xa9d1e08c7793af67e9d92fe308d5697fb81d3e43) makes batch transfers to old accounts with balances\n * The more transfers they batch at once, the cheaper per transfer.\n * Here's a 17-batch that [cost only **12k gas** per transfer](https://etherscan.io/tx/0x2c24800927df435f393eeb7290db10e88cb072012206feb78753e96164ec08d1)\n* [Coinbase 2](https://etherscan.io/address/503828976d22510aad0201ac7ec88293211d23da) makes single-transfers to new accounts without balances\n * This is always **21k gas** for a normal transfer. If they tried to batch-transfer these using a contract, it would actually cost them 30k gas due to Gnewaccount.\n\n**Thus, for ETH transfers, it's better to use batch transfers to send to positive-balance and normal transfers to send to new zero-balance accounts.**\n\nExtra side note: Coinbase usually charges withdrawal fees at ~10x their actual cost of network fees. So they're totally ripping you off on withdrawal fees.\n\n####**How can you take advantage of this?**\n\nRealistically, I don't expect of you to change your bad habits. And most of you aren't making enough transfers for this to matter.\n\nBut here's what you can do:\n\n1. For Bitcoin, the best privacy practice is to spin up a new address for every transaction and never reuse addresses. Do NOT do this for Ethereum-like networks for tokens transfers. You will end up paying ~40% more for every transaction.\n1. If you can avoid it, don't leave token dust when transferring from your wallet accounts. Just empty your old account for a small gas savings.", 'https://www.reddit.com/r/CryptoCurrency/comments/11ihn9l/did_you_know_that_when_transferring_on_ethereum/', '11ihn9l', [['u/SkoopskiMarvin', 23, '2023-03-05 01:09', 'https://www.reddit.com/r/CryptoCurrency/comments/11ihn9l/did_you_know_that_when_transferring_on_ethereum/jay8ss8/', '“The reason the fee schedule is set this way is to reflect the cost of storing account data”\n\nThat man thought of everything like gd. Imagine if our countries were run by people who were 1/10 as smart. I’ll take 1/100 at this point', '11ihn9l']]], ['u/LIFEXY', 'can i buy btc without using binance or coinbase ?', 13, '2023-03-05 01:47', 'https://www.reddit.com/r/Bitcoin/comments/11iionm/can_i_buy_btc_without_using_binance_or_coinbase/', "I don't like centralised platforms. I need alternatives.", 'https://www.reddit.com/r/Bitcoin/comments/11iionm/can_i_buy_btc_without_using_binance_or_coinbase/', '11iionm', [['u/MasterEverblack', 13, '2023-03-05 02:04', 'https://www.reddit.com/r/Bitcoin/comments/11iionm/can_i_buy_btc_without_using_binance_or_coinbase/jayfoxw/', 'HODL HODL or Bisq. YouTube tutorials. I’d suggest checking out “BTC Sessions” tutorials. :)', '11iionm']]], ['u/Any-Ad8847', 'Sofi anecdote from accross the pond', 46, '2023-03-05 03:42', 'https://www.reddit.com/r/sofistock/comments/11il964/sofi_anecdote_from_accross_the_pond/', 'I work in a five star hotel in England as a bartender, so I talk with billionaires and a lot of wealthy people. On my bar today I had two British gents who were talking about investing between themselves. \n\nNaturally I joined in the conversation at a quiet point of my work, talking a little about economics, seeing what they\'re interested in, what they\'re investing in and generally looking for tips on what to look into stock wise and reading general public opinion. \n\nAfter being quizzed about my portfolio, I spoke about being 90% sofi up until recently and my moves (sold everything else to buy sofi below book value and get a 5$ average, I originally got in at 15$, now I\'m 60% sofi and +25% on it at the moment) they were aware of sofi as a fintech, but hadn\'t bothered to research it as it is an unprofitable company, but when I told them about the UK E-banks supported by gallileo and the moves with technysis, they were asking me for more information and naturally being a bartender I was interrupted to serve many a time. \n\nI said to them to research and do their own due diligence and to keep it on the watch list and buy in around book value if they decide to as a very low risk hyper growth opportunity, but definately before q1 earnings if they\'re gonna research do it ASAP - the gentlemen were talking about playing with a few million on bitcoin as a small percentage of their portfolio. \n\nI am investing everything I can afford right now and living with little to no expenditure on luxuries to take advantage of Sofi at these prices at this stage in the company. \n\nStay strong my brothers and sisters in arms. \n\n"we will be so fuk rich" \n-sofi reddit fans', 'https://www.reddit.com/r/sofistock/comments/11il964/sofi_anecdote_from_accross_the_pond/', '11il964', [['u/Any-Ad8847', 14, '2023-03-05 03:45', 'https://www.reddit.com/r/sofistock/comments/11il964/sofi_anecdote_from_accross_the_pond/jayrr7m/', "If I manage to get a sheikh or a super wealthy person to invest after researching then we all make money and hopefully they'd track me down to give me 1% of their doubling billions of wealth, for the tip 😂😂😂\n\nhttps://preview.redd.it/anoomc6xkvla1.jpeg?width=1080&format=pjpg&auto=webp&v=enabled&s=169e333d730564038dcea28d1631c352c70c7452", '11il964'], ['u/Stoneteer', 30, '2023-03-05 04:39', 'https://www.reddit.com/r/sofistock/comments/11il964/sofi_anecdote_from_accross_the_pond/jayy154/', 'We are gonna be so fuk rich', '11il964'], ['u/abuscemi', 13, '2023-03-05 06:18', 'https://www.reddit.com/r/sofistock/comments/11il964/sofi_anecdote_from_accross_the_pond/jaz8hlf/', '$20 EoY with in Brah We Trust Shilling SoFi to Tea-Sipping Billionaires.', '11il964']]], ['u/StankieMuniz', 'Central Banks adopting cryptocurrencies?', 11, '2023-03-05 04:36', 'https://www.reddit.com/r/CryptoCurrency/comments/11imdy3/central_banks_adopting_cryptocurrencies/', "An interesting comment in one of my posts pointed out in 2025 central banks will be allowed to hold crypto on their balance sheets. I'm curious what this community thinks about and has to say about this subject. A lot of what crypto stands for is escaping from the contr...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin had a flat weekend as the market continued to digest Silvergate, and also readied what will likely be positive economic data from China this week.\nInsights:Like any good punk or hip hop show, this year\'s Colorado event for coders will feature events that will "scare away normies," CoinDesk Chief Insights Columnist David Z. Morris writes.\nSilvergate Woes and Likely China Improvement\nCoinDesk Market Index (CMI)\n1,044\n+2.1▲0.2%\nBitcoin (BTC)\n$22,463\n+131.6▲0.6%\nEthereum (ETH)\n$1,569\n+2.3▲0.1%\nS&P 500\n4,045.64\n+64.3▲1.6%\nGold\n$1,859\n+11.7▲0.6%\nNikkei 225\n27,927.47\n+428.6▲1.6%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nGood morning Asia, here’s what’s driving markets today.\nBoth bitcoin and ether are starting the week off flat, with the world’s largest digital asset at $22,463, up 0.6% on the day, and ether at $1,569, up 0.1%.\nObservers say the market is at something of a precipice right now. While it’s no longer the depths of crypto winter, the market has to decide how much it will continue to price in Silvergate’s crypto failure while also accounting for positive economic data from China.\n“It doesn\'t look like the Silvergate issue is leading to broad contagion. And we may have seen most of the drop associated with that news already,” Matt Weller,Forex.com’s global head of research, told CoinDesk TV on Friday. “I wouldn\'t be surprised to see bitcoin retrace back down to $20,000, maybe even $18,000, to sort of retest those lows. But … it does look like the depths of the winter are behind us.”\nAt the same time, economic data from a re-opened China, which rapidly dropped all COVID-19 restrictions at the start of the year, might bolster the “China narrative” that fueled late February’s mini price rally. This coming week is set to be a busy one with economic data releases from the country, including Balance of Trade, foreign exchange reserves and inflation-rate data expected.\n“China’s opening is a positive factor for the world’s economy, which infers that certain animal spirits are back in Asia,” said March Zheng, the co-founder and managing partner of Bizantine Capital, in a note to CoinDesk.\nThese so-called animal spirits, Zheng said, could lead to an increase in appetite for assets like crypto.\n“We are of the view that it will counterbalance the continued, persistent fears in the U.S. equity markets as well as rising rates,” he said.\nEthDenver Shows That Ethereum Has an Actual Community\nThis weekend marks the culmination of ETHDenver, probably the most important annual gathering for smart contract and decentralized finance (DeFi) developers right now, on Ethereum and beyond. I wish I could be there this year, but I’m still recovering from a pretty intense four months ofmaking cool thingsandexposing bad guys.\nFortunately, plenty of people are sharing clips from the event so I can enjoy it vicariously. Unfortunately, many of these posts express something between innocent confusion and sneering takedowns of the supposedly lame ETHDenver goings-on.\nThis article is excerpted from The Node, CoinDesk\'s daily roundup of the most pivotal stories in blockchain and crypto news. You can subscribe to get the fullnewsletter here.\nBut that attitude, to paraphrase the fugitive philosopher-thief Do Kwon, isa great formula for getting rekt. It may look like silliness and disorganization to you, but ETHDenver’s rough edges are actually strong signals that a real community has been drawn together by shared interests to build something together from the ground up. That’s the kind of community that has and will weather slow periods of crypto growth like what we’re going through right now.\nSee also:Tensions Erupt Between Aptos, Sui Blockchains in Denver\nIt’s hip to be cringe\nIt’s true that compared to a lot of crypto conferences ETHDenver and certain related events can seem just the slightest bit slapdash, and more than the slightest bit bizarre. Take, for instance, the annual contributions from Jonathan Mann, aka “The Song a Day Guy.” He has created and performed goofy, slightly amateurish tunes for the event for a while now – and every year people on Twitter take the opportunity to dunk on him.\nBut let me tell you, a goofy song is barely the only thing at ETHDenver that might make you uncomfortable!\nWhen I attended last year, ETHDenver was held in a refurbished parking garage, where the bathrooms were partly or entirely broken for much of the event. You couldn’t see the main stage from roughly a third of the ground floor seating, and people talking at the back of the room halfway drowned out the speakers. Every once in a while, someone would drop 500 pizzas on an upstairs table, resulting in massive queues that made it nearly impossible to move.\nAnd you know what? It was awesome.\nThe full article can be foundhere.\n9:00 a.m. HKT/SGT(1:00 UTC)Eurozone Retail Sales (YoY/Feb)\n2:30 a.m. HKT/SGT(18:30 UTC)Reserve Bank of Australia Rate Statement\n5:45 a.m. HKT/SGT(21:45 UTC)Switzerland Unemployment Rate s.a. (MoM/Feb)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin, Ether Fall as Crypto Market Digests Silvergate; Author Neal Stephenson on Future of Metaverse\nBitcoin (BTC) and ether (ETH) were sinking as customers flee crypto bank Silvergate, whose stock closed 58% lower during U.S. trading.Forex.comGlobal head of research Matt Weller shared his reaction. Plus, Sotheby’s is auctioning the original manuscript for “Snow Crash,” Neal Stephenson’s landmark 1992 science fiction book that coined the terms “metaverse” and “avatar." Stephenson and Sotheby\'s head of sale Cassandra Hatton discussed. And, Audius co-founder and CEO Roneil Rumburg explained how the Web3 music streaming platform is integrating with TikTok.\nGitcoin, a Crowdfunding Platform for Open-Source Software Votes to Seed Staked ETH Index:The index could provide a stream of income for Gitcoin to raise funds for grants – if users are attracted to the new index that exposes token holders to a diversified set of liquid staking tokens.\nStablecoin Issuer Tether Used Bank Accounts Opened With Falsified Documents in Past, WSJ:Tether, the company behind the world\'s largest stablecoin, accessed bank accounts by way of falsified documents and intermediaries, a new report says.\nETHDenver Looks Cringey to You Because Ethereum Has an Actual Community:Like any good punk or hip hop show, this year\'s Colorado event for coders will feature events that will "scare away normies," CoinDesk Chief Insights Columnist David Z. Morris writes.\nChainlink Price Feeds Go Live on Base, Coinbase’s Layer 2 Testnet:Base also joins the data provider\'s Scale program, allowing developers to construct smart contracts that can react to external information at a subsidized cost.\nBankrupt Crypto Lender Celsius Reopens Withdrawals for Certain Custody Accounts:The firm paused withdrawals in June, citing extreme market conditions.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin had a flat weekend as the market continued to digest Silvergate, and also readied what will likely be positive economic data from China this week. Insights: Like any good punk or hip hop show, this year\'s Colorado event for coders will feature events that will "scare away normies," CoinDesk Chief Insights Columnist David Z. Morris writes. Prices Silvergate Woes and Likely China Improvement CoinDesk Market Index (CMI) 1,044 +2.1 ▲ 0.2% Bitcoin (BTC) $22,463 +131.6 ▲ 0.6% Ethereum (ETH) $1,569 +2.3 ▲ 0.1% S&P 500 4,045.64 +64.3 ▲ 1.6% Gold $1,859 +11.7 ▲ 0.6% Nikkei 225 27,927.47 +428.6 ▲ 1.6% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Good morning Asia, here’s what’s driving markets today. Both bitcoin and ether are starting the week off flat, with the world’s largest digital asset at $22,463, up 0.6% on the day, and ether at $1,569, up 0.1%. Observers say the market is at something of a precipice right now. While it’s no longer the depths of crypto winter, the market has to decide how much it will continue to price in Silvergate’s crypto failure while also accounting for positive economic data from China. “It doesn\'t look like the Silvergate issue is leading to broad contagion. And we may have seen most of the drop associated with that news already,” Matt Weller, Forex.com ’s global head of research, told CoinDesk TV on Friday. “I wouldn\'t be surprised to see bitcoin retrace back down to $20,000, maybe even $18,000, to sort of retest those lows. But … it does look like the depths of the winter are behind us.” At the same time, economic data from a re-opened China, which rapidly dropped all COVID-19 restrictions at the start of the year, might bolster the “China narrative” that fueled late February’s mini price rally. This coming week is set to be a busy one with economic data releases from the country, including Balance of Trade, foreign exchange reserves and inflation-rate data expected. Story continues “China’s opening is a positive factor for the world’s economy, which infers that certain animal spirits are back in Asia,” said March Zheng, the co-founder and managing partner of Bizantine Capital, in a note to CoinDesk. These so-called animal spirits, Zheng said, could lead to an increase in appetite for assets like crypto. “We are of the view that it will counterbalance the continued, persistent fears in the U.S. equity markets as well as rising rates,” he said. Insights EthDenver Shows That Ethereum Has an Actual Community This weekend marks the culmination of ETHDenver, probably the most important annual gathering for smart contract and decentralized finance (DeFi) developers right now, on Ethereum and beyond. I wish I could be there this year, but I’m still recovering fro
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-03-06
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $432,720,451,069
- Hash Rate: 282508802.8583337
- Transaction Count: 316016.0
- Unique Addresses: 671836.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.48
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: (Bloomberg) -- Most cryptocurrencies were lower, with the native token of the Binance exchange dropping the most since a November market meltdown, as the regulatory crackdown on the digital-asset sector heats up. Most Read from Bloomberg China Hits Back at US with Sanctions on Lockheed, Raytheon Stocks Sink as Fed Officials Embrace Bigger Hikes: Markets Wrap China Warns of Retaliation Against US Over Balloon Saga Tesla Recalls More Than 362,000 Cars Due to Self-Driving Crash Risk Tesla Fires Dozens After Workers Announce Union Campaign, Complaint Says Binance Coin dropped as much as 11% to $279.50, erasing a portion of its gains registered during a broader market recovery in January. It tumbled about 18% on Nov. 9, when Binance pulled out of talks to purchase failed rival FTX. Cardano, Solana, Polygon and other so-called altcoins were lower. Bitcoin was little changed. The New York State Department of Financial Services said Monday it had directed Paxos Trust Co. to stop issuing new tokens of crypto’s third largest stablecoin, a Binance-branded coin known as BUSD that has roughly $16 billion in circulation. BUSD fell below the one-to-one ratio versus the dollar that it aims to maintain. Withdrawals of stablecoins including BUSD from Binance’s customers jumped following an initial announcement from Binance disclosing the decision. Blockchain data firm Nansen estimated that Binance saw more than $1 billion worth of stablecoin in outflows in the past week. BUSD worth about $144 million were redeemed back to dollars in just a few hours, said Andrew Thurman, researcher at Nansen. “Binance will continue to support BUSD for the foreseeable future,” Changpeng Zhao, CEO of Binance, said in a Twitter thread. “We do foresee users migrating to other stablecoins over time. And we will make product adjustments accordingly. eg, move away from using BUSD as the main pair for trading, etc.” Crypto markets have since held mostly steady after an initial drop, as investors grappled with the implications of the development. The move by the New York financial watchdog follows a months-long rout in digital asset prices that led to several high-profile company and project collapses. Last week, crypto exchange Kraken said it will scrap so-called staking services in the US and pay $30 million to settle claims by the US Securities and Exchange Commission that the staking broke rules. Story continues Both Binance and Kraken saw outflows of users’ funds, given regulatory concerns over the two platforms. Nansen’s data shows that over the past 24 hours. The net outflow, the difference between the value of crypto coming into and leaving the exchange, was around $859.5 million on Binance. That amount for the much smaller exchange Kraken is at around $127.7 million. Bitcoin, the largest digital asset by market value, fell about 0.5% to $21,635 as of 1:36 p.m. in New York. Second-ranked Ether shed about 1.7% to $1,486. Stablecoins like Paxos’s BUSD, Tether’s USDT and Circle’s USDC are crypto tokens that are intended to hold a set value, for example $1. They come in a variety of forms and some are underpinned by reserves like cash and bonds. Investors often park funds in stablecoins as they move between crypto trades, with around $136 billion currently in circulation. Elsewhere, shares of Coinbase Global Inc. fell for a seventh straight session. The large US crypto exchange lost almost a quarter of its value this week in the wake of rival exchange Kraken saying it was settling with the SEC over allegations it had broken the agency’s rules with its staking products. MicroStrategy Inc., the enterprise-software maker better known as the largest public holder of Bitcoin, snapped a three-day slide. Most Read from Bloomberg Businessweek The World’s War Machine Is Running Low on Ammunition Zantac’s Maker Kept Quiet About Cancer Risks for 40 Years Fear Made John McAfee Rich. It Also Ruined Him Putin’s War Is Crippling Ukraine’s Economy—and Russia’s, Too Aiming to Be the Next Emirates, Air India Makes Record Jet Buy ©2023 Bloomberg L.P....
- Reddit Posts (Sample): [['u/DeeperBags', 'Top 25 projects on November 14th 2021 (2 days after ATH) and now.', 15, '2023-03-06 00:37', 'https://www.reddit.com/r/CryptoCurrency/comments/11jhr4h/top_25_projects_on_november_14th_2021_2_days/', "On **11/12/2021**, BTC reached ATH, and it has been 478 days since - making this by far the longest bear market in history. It really doesn't feel like it's been that long to me though.. \n\nOn **November 14, 2021,** just as we were beginning our descent - here's what the top 25 looked like: \n\nhttps://preview.redd.it/pmlvznm870ma1.png?width=930&format=png&auto=webp&v=enabled&s=d19cb1e10299e68ccccfa6671460092bac0fa89f\n\nIn contrast, here's what the top 25 projects looks like today:\n\n[Current top 25 \\(1-15\\)](https://preview.redd.it/uj4cim8x70ma1.png?width=918&format=png&auto=webp&v=enabled&s=5d9f37d9f5874227f02a759af52e77ca3ee50c4e)\n\n[Current top 25 \\(16-25\\)](https://preview.redd.it/yvw1jm5180ma1.png?width=913&format=png&auto=webp&v=enabled&s=e575bbf67931bc53596e62fff51fb16f395516de)\n\nA few projects have managed to gain in the ranks - **Polygon rocketed from 21st rank all the way to 8th**, DAI, and ATOM propelled themselves into the top 25 - BNB **overtook Tether for 3rd**, while **XRP gained 2 places in the rankings**. \n\nThere are some clear **lunas**, excuse me - ***losers*** *as well in this bear market.*. **USDC** dropped from 5th to 10th in the rankings, while **Solana's** rank also fell dramatically from 5th to 11th.\n\nSome coins simply refuse to move - with **Dogecoin stubbornly holding 9th**, and **Cardano** hovering between 6-7th rank.\n\nOverall, I'm surprised to see that the top 25 looks as similar today as it did back then, sincee bear markets have a way of flushing projects down the drain. \n\nHopefully somebody finds this interesting, was bored.\n\n**Have a good night /cc!**", 'https://www.reddit.com/r/CryptoCurrency/comments/11jhr4h/top_25_projects_on_november_14th_2021_2_days/', '11jhr4h', [['u/Repulsive_Music7242', 11, '2023-03-06 00:50', 'https://www.reddit.com/r/CryptoCurrency/comments/11jhr4h/top_25_projects_on_november_14th_2021_2_days/jb2pi4c/', 'Look how they massacred my CRO', '11jhr4h']]], ['u/Odlavso', 'Man who accidently threw away his computer filled with bitcoin has finally found it in the dump.', 2430, '2023-03-06 00:50', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/', 'After years of looking for his lost computer that he believed was filled with 7,500 bitcoins the man has found it.\n\nthe entire thing cost him around 2.5 million after paying for excavators, labor and city permits to dig up the landfill. He was relieved after finding the computer last month and had a professional data recovery company working on it for the last four weeks trying to recover his lost wallet, this cost alone was $400k.\n\nUnfortunately it turns out the wallet was actually filled with bitcoin cash a hard fork of bitcoin worth a fraction of the price of actual bitcoin.\n\n7,500 x $124 + $930k\n\nso he is now about 1.6 million in debt to cover the cost of the loan he took out using the believed bitcoin as collateral.\n\n&#x200B;\n\nhttps://preview.redd.it/llaiy3xxc0ma1.jpg?width=1224&format=pjpg&auto=webp&v=enabled&s=b9c3049ae4d260596f83eea21e76dd767a2e3a27\n\nyou can see the look of defeat in his face.', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/', '11ji1zw', [['u/Ginryuuki', 10, '2023-03-06 00:51', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2plfe/', "lmao can't even remember what he kind of wallet he has", '11ji1zw'], ['u/Kappatalizable', 74, '2023-03-06 00:58', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2qg77/', '*directed by Robert B. Weide*', '11ji1zw'], ['u/ShartSpray88', 1156, '2023-03-06 01:02', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2qzcp/', 'Poor dude, That’s forked up.', '11ji1zw'], ['u/Fritz1818', 11, '2023-03-06 01:03', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2r36t/', "For real though I feel sorry for this dude who's been searching for 10 years", '11ji1zw'], ['u/XxspsureshotxX', 60, '2023-03-06 01:03', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2r5ns/', 'That is such a trash ending to the story.', '11ji1zw'], ['u/OsteoRinzai', 29, '2023-03-06 01:04', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2r8es/', "You couldn't make up a better end if you tried. This is absolutely hilarious. I feel bad for the dude but I never saw this one coming. At least we've got some closure now.", '11ji1zw'], ['u/raphael-iglesias', 28, '2023-03-06 01:07', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2rlc3/', 'Guy spent years looking for his HD in a literal trash pile, only to find out that the HD also consisted of literal trash. Ironic justice imo.', '11ji1zw'], ['u/Elie0_0', 12, '2023-03-06 01:08', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2rtf0/', "Good thing it's fake, haha, Comedy flair.\n\n\n\nWould've been hilarious if it was real", '11ji1zw'], ['u/techsupport261', 67, '2023-03-06 01:08', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2rui2/', "I'm not sure if people missed the comedy flair and are sympathizing with the guy in the story, thinking it's real, or if they're commenting with a higher level of sarcasm.", '11ji1zw'], ['u/Hypno_Hamster', 304, '2023-03-06 01:09', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2rvaj/', 'Conspiracy: The data recovery guy stole the bitcoin and replaced it with a bitcoin cash wallet. The perfect crime.', '11ji1zw'], ['u/JERMYNC', 16, '2023-03-06 01:09', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2rw6o/', 'Very, very Fu*ked up', '11ji1zw'], ['u/stoneman9284', 10, '2023-03-06 01:10', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2s2tk/', 'We need a FICTION flair', '11ji1zw'], ['u/Odlavso', 43, '2023-03-06 01:10', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2s3m4/', "Well I kind of made this one up. \n \nYou think I'm good enough to go professional comedy writer?", '11ji1zw'], ['u/Consistent_Many_1858', 11, '2023-03-06 01:11', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2s4wu/', "It's still worth 900k which is something.", '11ji1zw'], ['u/LetsSeeWhatsGoinOn', 21, '2023-03-06 01:12', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2s9jo/', 'holy shit thats not how i expected this to end', '11ji1zw'], ['u/sacred_thinker', 877, '2023-03-06 01:12', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2saxe/', "For a second I was so happy for him. After seeing the Comedy Flair I'm genuinely disappointed", '11ji1zw'], ['u/OsteoRinzai', 10, '2023-03-06 01:13', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2sgo8/', "You got me good, I missed the flair, but I'll leave the post up because I hope your version pans out!", '11ji1zw'], ['u/ricozuri', 30, '2023-03-06 01:14', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2skem/', 'They missed the comedy flair. Higher levels of anything escape when moon farming.', '11ji1zw'], ['u/raphael-iglesias', 13, '2023-03-06 01:14', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2skut/', "Yeah not if you've supposedly spent 2.5 million getting it out of there. \n\nAnd yeah I know this is just a troll.", '11ji1zw'], ['u/Maxx3141', 150, '2023-03-06 01:14', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2sls4/', 'Thought there were Bitcoin in the trash, turns out it was Bitcoin Cash. Common beginner mistake.', '11ji1zw'], ['u/NUPreMedMajor', 60, '2023-03-06 01:15', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2snfn/', 'it would be on chain…', '11ji1zw'], ['u/sos755', 3354, '2023-03-06 01:15', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2sp2f/', 'For those who are not aware, the article is fake. His bitcoins were lost in 2013. Bitcoin Cash forked in 2017.', '11ji1zw'], ['u/Odlavso', 11, '2023-03-06 01:16', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2sro6/', '\n\nGenius data recovery specialist', '11ji1zw'], ['u/Odlavso', 81, '2023-03-06 01:18', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2t2xj/', 'Thought there were Bitcoin in the trash, turns out it was just trash in the trash', '11ji1zw'], ['u/BrowsingCoins', 95, '2023-03-06 01:19', 'https://www.reddit.com/r/CryptoCurrency/comments/11ji1zw/man_who_accidently_threw_away_his_computer_filled/jb2t74s/', 'My reaction exactly', '11ji1zw'], ['u/UsedTableSalt', 44, '2023-03-06 01:20', 'https://www.reddit.com/r/CryptoCu...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Crypto is flat as traders await U.S. central bank Chair Jerome Powell\'s next comments.\nInsights:Exposure to China and the subsidies it is receiving may be hurting Filecoin\'s growth.\nCoinDesk Market Index (CMI)\n1,043\n−1.0▼0.1%\nBitcoin (BTC)\n$22,412\n−37.3▼0.2%\nEthereum (ETH)\n$1,565\n−2.5▼0.2%\nS&P 500\n4,048.42\n+2.8▲0.1%\nGold\n$1,851\n+3.3▲0.2%\nNikkei 225\n28,237.78\n+310.3▲1.1%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nCrypto Flat as Fed\'s Powell Heads to Congress\nGood morning Asia, here’s how the markets are moving today.\nBitcoin and ether are opening the Asia business day flat. The world’s largest digital asset is down 0.2% to $22,412 while ether is stuck at $1,565.\nTrading volume is significantly down,according to CoinGecko data, with 24-hour volume for bitcoin at $16 billion on Monday, March 6 compared to $27 billion on Friday, March 3.\nA report from CryptoQuantpoints to funding rates and argues that the current market is bearish and betting on further declines.\n“I don’t think we’re out of the woods yet, clearly inflation is still both rampant and here,” Hany Rashwan, CEO of crypto investment product firm21.co, said on CoinDesk TV. “How much the market has priced that in right now is difficult to show.”\nAll eyes are likely on Federal Reserve Chair Jerome Powell as he heads to Congress to testify Tuesday morning before the Senate Banking Committee and on Wednesday to the House Financial Services panel.\nPowell is in a predicament because the economy seems resistant to the cooling effects of interest rate hikes.\nJanuary’s blow-out job numbers, where theU.S. added nearly three-timesas many jobs as expected, showed observers that the Fed has some work to do to bring down inflation.\nCME’s FedWatch toolis giving a 69% chance of a 25 basis point rise, and a 30% chance of a 50 basis point increase.Prediction market PolyMarketis showing an 80% chance of a 25 bps increase during the March meeting and a 23% chance of a 50 bps increase after.\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "+7.9%", "DACS Sector": "Entertainment"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "+6.2%", "DACS Sector": "Entertainment"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+2.4%", "DACS Sector": "Smart Contract Platform"}]\nFilecoin\'s China, Cost Woes\nFilecoin has a market cap of just over $2.4 billion, and has a storage capacity of more than 13.41 exabytes (1 exabyte is equal to 1 million terabytes).Of these 13.41 exabytes, 626 petabytes(1 petabyte is 1,000 terabytes) are currently used.\nThe $2.4 billion question is, what is stored within these 626 petabytes?\nOn one hand, that’s easy to answer. When asked, the Filecoin Foundation is quick to provide a table listing out some high-profile clients:\nThere’s plenty of data archived on Filecoin from scientific or historical projects. Atlas CERN stores 10,240 tebibytes (equal to 11,258 terabytes) of data from the Large Hadron Collider on the Filecoin Network; the USC Shoah Foundation stores 3,046 tebibytes (this is because of a$2 million grant from the Filecoin Foundation); the Internet Archive stores 503 tebibytes (another grant,this time worth $10 million); University of California Berkeley stores 121 tebibytes.\nThe only commercial entities on the list are a China-based post-production house called XingChi Media, which says it\'sbacking up data on Filecoin for disaster recovery, andNFT.Storage, which is a product of Protocol Labs – the organization which supports Filecoin’s code.\nA spokesperson for Protocol Labs also highlighted that non-fungible token marketplace OpenSea stores the metadata for its NFTs on Filecoin. Important, yes, for the continuity of the NFT industry in the face of disaster but not exactly something that requires a lot of storage.\nFilecoin’s China centralization\nThere’s no question that the Filecoin protocol is being used and demand for storage is increasing.\nOn-chain data shows that the daily active Filecoin deals are trending upward.\nBut perhaps the reason you don’t see a large number of actual enterprise-grade clients using Filecoin – and just scientific data repositories and proof-of-concept initiatives – is because of Filecoin’s heavy exposure to China.\nIn 2021, miners inChina jumped on the abilityto add Filecoin to the mix, with billions being spent in buying up hard disks, which are to Filecoin what GPUs were to Ethereum, andbuilding out facilities.\nBella Yang, a research manager with IDC China’s enterprise research team, told CoinDesk in a note that Filecoin miners were buying a large number of storage servers known asJBODs. These are uncomplicated arrays of HDDs designed to scale a company’s ability to archive data quickly.\n“During this time, a large number of JBOD products were sold directly to mining companies and prices of high-capacity HDDs began to rise, even driving many out of stock when there was a shortage of 8 terabyte-plus HDDs,” Yang said, explaining that the Filecoin-induced demand for HDDs came as COVID-19 closed factories in China.\nAlthough bitcoin mining has largely left China, and ether mining has been made redundant with the Merge, Filecoin miners still have a large presence in-country.\nA 2022 study by Italy’s University of Pisa showedFilecoin\'s large degree of centralizationaround its top 10 miners, many of which are based in China and owned by cloud storage companies.\n“The fact that the most important miners are linked to cloud storage companies highlights that Filecoin is far from being concretely decentralized market storage because these companies are dominating the storage market and monopolizing the mining operations,” the authors wrote.\nFilecoin knows the market is skeptical\nFor Filecoin, the answer to its woes is Filecoin Plus (FIL+), which seeks to carve out quality storage providers from the ones that pollute the protocol with junk data, which many miners in China were doing in the early days of the protocol.\nIt also allows users, perhaps ironically,to pick their storage provider. Centralization is a cure for decentralization’s pitfalls.\nAll this is coming at a cost,as CoinDesk has previously reported, with massive subsidies required in the form of a 10x larger block reward to make Filecoin Plus work.\nData fromToken Terminalshows that revenue for the protocol has imploded during the last year despite more use of the protocol. In February, heavy incentives meant that earnings were a net negative to the tune of $43.4 million against revenue of $1.2 million.\n“What I think is going to be the most important thing to watch there is if the storage demand can still keep up when storing data is no longer free,” Messari enterprise research analyst Sami Kassab said earlier to CoinDesk.\n2:00 p.m. HKT/SGT(6:00 UTC)Fed Chair Powell Testifies\n11:30 p.m. HKT/SGT(15:30 UTC)Reserve Bank of Australia\'s Governor Lowe Speech\n6:00 a.m. HKT/SGT(22:00 UTC)Germany Retail Sales (YoY/Jan)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nSilvergate Closes SEN Platform; Singapore Police Reportedly Start Probe Into Do Kwon\'s Terraform Labs\nSilvergate Bank, which warned last week about its ability to remain in business, discontinued its SEN platform that institutions used to move money to crypto exchanges.21.coco-founder and CEO Hany Rashwan shared his crypto markets reaction after bitcoin\'s (BTC) price was little-changed over the weekend. And Puerto Rico has extended its 4% tax incentive to crypto assets and blockchain activities, including staking. Puerto Rico Blockchain Trade Association\'s Keiko Yoshino joined the conversation.\nTether\'s USDT Stablecoin Market Share Rises to Highest Level in 15 Months:USDT’s market share among stablecoins surpassed 54% on Monday, its highest level since November 2021.\nAlameda Sues Grayscale and DCG to Allow Redemptions, Reduce Fees:The bankrupt trading firm is seeking injunctive relief to allow FTX debtors to realize what it claims is more than $250 million in asset value.\nETHDenver 2023 Ran a Profit. Will Members of Its DAO Get Some of the Returns?:After ending this year’s edition well in the black, Colorado cooperative SporkDAO LCA may now vote to send distributions to token holders.\nGBTC Discount Narrows to 42% Ahead of Grayscale’s ETF Hearing Tuesday:The closed-end fund\'s discount to net asset value had widened to 47% in mid-February.\nAlameda Sues Grayscale and DCG to Allow Redemptions, Reduce Fees:The bankrupt trading firm is seeking injunctive relief to allow FTX debtors to realize what it claims is more than $250 million in asset value.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Crypto is flat as traders await U.S. central bank Chair Jerome Powell\'s next comments. Insights: Exposure to China and the subsidies it is receiving may be hurting Filecoin\'s growth. Prices CoinDesk Market Index (CMI) 1,043 −1.0 ▼ 0.1% Bitcoin (BTC) $22,412 −37.3 ▼ 0.2% Ethereum (ETH) $1,565 −2.5 ▼ 0.2% S&P 500 4,048.42 +2.8 ▲ 0.1% Gold $1,851 +3.3 ▲ 0.2% Nikkei 225 28,237.78 +310.3 ▲ 1.1% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Crypto Flat as Fed\'s Powell Heads to Congress Good morning Asia, here’s how the markets are moving today. Bitcoin and ether are opening the Asia business day flat. The world’s largest digital asset is down 0.2% to $22,412 while ether is stuck at $1,565. Trading volume is significantly down, according to CoinGecko data , with 24-hour volume for bitcoin at $16 billion on Monday, March 6 compared to $27 billion on Friday, March 3. A report from CryptoQuant points to funding rates and argues that the current market is bearish and betting on further declines. “I don’t think we’re out of the woods yet, clearly inflation is still both ra
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-03-07
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $432,351,320,306
- Hash Rate: 353136003.5729172
- Transaction Count: 362082.0
- Unique Addresses: 771846.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.49
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: The U.S. will open its first nuclear-powered data center offering Bitcoin mining in the first quarter of the year. The Cumulus Susquehanna data center in Pennsylvania has been completed by Cumulus Data, a subsidiary of independent power producer Talen Energy.
See related article:Weekly Market Wrap: Bitcoin up over 21% in best weekly performance since Feb. 2021. Bull run or bull trap?
• The data center is expected to start hosting nuclear-powered Bitcoin mining and cloud computing services in the first quarter of 2023, the first such service in the U.S.,World Nuclear Newsreported.
• In August 2021, Talen Energypartneredwith U.S.-based Bitcoin mining firm TeraWulf to develop the Nautilus Cryptomine, a zero-carbon Bitcoin mining facility, on Cumulus Data’s campus.
• TeraWulf is in “the initial stages of ramping its mining operations” and expects the nuclear-powered data center to “provide 50 MW of net mining capacity to TeraWulf” in the first quarter of 2023.
• The 300,000-square-foot data center is powered by Susquehanna’s 2.5-gigawatt nuclear power plant.
• The Bitcoin mining difficulty rose 10.26% last Monday to a new all-time high of 37.59 trillion, as numerousU.S.-based mining firms came back online after winter stormsforced them to shut operations.
• Bitcoin dipped 0.5% in the past 24 hours, trading at US$22,790 at 10 p.m. in Hong Kong, according toCoinGeckodata.
See related article:2023 Should be the Year of Web3 Security...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
| |
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["Block, Inc. thinks it and developers can build better Bitcoin mining rigs. That's why it's considering building a “Mining Development Kit,” or MDK, it said on Tuesday.\nThe company hopes its do-it-yourself kit will spur innovation in Bitcoin mining hardware, it said in an announcement, alluding to a statement from CEO Jack Dorseyon Twitterin 2021 that the company was “considering building a Bitcoin mining system based on custom silicon and open source.”\nBlock wrote it would share more details in the coming weeks and months but mused that the MDK would include basic Bitcoin mining rig components, like a hashboard and controller board, open source firmware, software, and lots of documentation.\n“We anticipate the MDK being useful for development projects focused on integrating Bitcoin mining into various novel use cases—such as heating solutions, off-grid mining, home mining or intermittent power applications—as well as optimization of Bitcoin mining hardware for traditional commercial mining operations,” Naoise Irwin, Block mining hardware senior product lead, wrote in ablog post.\nBlock didn't immediately respond to a request for comment fromDecrypt.\nIrwin, who’s also the co-founder of solar heating company SolarFlux, joined Block last month after starting his career on Wall Street in 2000 and transitioning to tech and strategy a decade later.\nAround this time last year, Block, Inc. announced it had contributed $5 million to a partnership with Elon Musk’s Tesla and infrastructure company Blockstream to pilot anall-solar Bitcoin mining facilityin Texas.\nSince then, Block has also started designing its own Bitcoin mining semiconductor chips—commonly referred to as ASICs, which stands for application specific integrated circuits.\nIt’s not totally out of place, although hardware accounted for less than 1% of a Block’s $17 billion total net revenue in 2022. The bulk of it was generated from transactions, services, and Bitcoin. Block generates Bitcoin revenue when it buys and then sells BTC to its customers, like through its Cash App.\nThe rest came from hardware, which accounted for $164 million of that total, according to SEC filings.\nBut the company said it’s set to make a big push into the “Bitcoin ecosystem” with Spiral, an independent team contributing to open source projects; TBD, an open decentralized finance developer platform; and hardware projects, like its mining rigs and a self-custody wallet.\n“We believe our bitcoin ecosystem can help address inefficiencies in the current financial system, especially with respect to identity and trust,” the company wrote in itsannual report.\nStill, it had to disclose it’s taken the same kind of battering on its Bitcoin holdings as other publicly traded companies. By the end of 2022, Block has invested a cumulative $220 million in Bitcoin. After factoring in a $118 million impairment loss, the fair market value of Block’s BTC was $133 million.\nAlthough the company’s share price experienced a 21% boost since the start of the year, investors don’t yet seem swayed by Block’s Bitcoin aspirations. The company’s shares ended trading on Tuesday at $78.04, down 3% for the day.", "Block, Inc. thinks it and developers can build better Bitcoin mining rigs. That's why it's considering building a “Mining Development Kit,” or MDK, it said on Tuesday. The company hopes its do-it-yourself kit will spur innovation in Bitcoin mining hardware, it said in an announcement, alluding to a statement from CEO Jack Dorsey on Twitter in 2021 that the company was “considering building a Bitcoin mining system based on custom silicon and open source.” Block wrote it would share more details in the coming weeks and months but mused that the MDK would include basic Bitcoin mining rig components, like a hashboard and controller board, open source firmware, software, and lots of documentation. “We anticipate the MDK being useful for development projects focused on integrating Bitcoin mining into various novel use cases—such as heating solutions, off-grid mining, home mining or intermittent power applications—as well as optimization of Bitcoin mining hardware for traditional commercial mining operations,” Naoise Irwin, Block mining hardware senior product lead, wrote in a blog post . Block didn't immediately respond to a request for comment from Decrypt . Irwin, who’s also the co-founder of solar heating company SolarFlux, joined Block last month after starting his career on Wall Street in 2000 and transitioning to tech and strategy a decade later. Around this time last year, Block, Inc. announced it had contributed $5 million to a partnership with Elon Musk’s Tesla and infrastructure company Blockstream to pilot an all-solar Bitcoin mining facility in Texas. Since then, Block has also started designing its own Bitcoin mining semiconductor chips—commonly referred to as ASICs, which stands for application specific integrated circuits. It’s not totally out of place, although hardware accounted for less than 1% of a Block’s $17 billion total net revenue in 2022. The bulk of it was generated from transactions, services, and Bitcoin. Block generates Bitcoin revenue when it buys and then sells BTC to its customers, like through its Cash App. Story continues The rest came from hardware, which accounted for $164 million of that total, according to SEC filings. But the company said it’s set to make a big push into the “Bitcoin ecosystem” with Spiral, an independent team contributing to open source projects; TBD, an open decentralized finance developer platform; and hardware projects, like its mining rigs and a self-custody wallet. Bitcoin Maxi Jack Dorsey Slams Facebook Over 'Wasted Effort and Time' on Diem “We believe our bitcoin ecosystem can help address inefficiencies in the current financial system, especially with respect to identity and trust,” the company wrote in its annual report . Still, it had to disclose it’s taken the same kind of battering on its Bitcoin holdings as other publicly traded companies. By the end of 2022, Block has invested a cumulative $220 million in Bitcoin. After factoring in a $118 million impairment loss, the fair market value of Block’s BTC was $133 million. Although the company’s share price experienced a 21% boost since the start of the year, investors don’t yet seem swayed by Block’s Bitcoin aspirations. The company’s shares ended trading on Tuesday at $78.04, down 3% for the day.", "Block, Inc. thinks it and developers can build better Bitcoin mining rigs. That's why it's considering building a “Mining Development Kit,” or MDK, it said on Tuesday.\nThe company hopes its do-it-yourself kit will spur innovation in Bitcoin mining hardware, it said in an announcement, alluding to a statement from CEO Jack Dorseyon Twitterin 2021 that the company was “considering building a Bitcoin mining system based on custom silicon and open source.”\nBlock wrote it would share more details in the coming weeks and months but mused that the MDK would include basic Bitcoin mining rig components, like a hashboard and controller board, open source firmware, software, and lots of documentation.\n“We anticipate the MDK being useful for development projects focused on integrating Bitcoin mining into various novel use cases—such as heating solutions, off-grid mining, home mining or intermittent power applications—as well as optimization of Bitcoin mining hardware for traditional commercial mining operations,” Naoise Irwin, Block mining hardware senior product lead, wrote in ablog post.\nBlock didn't immediately respond to a request for comment fromDecrypt.\nIrwin, who’s also the co-founder of solar heating company SolarFlux, joined Block last month after starting his career on Wall Street in 2000 and transitioning to tech and strategy a decade later.\nAround this time last year, Block, Inc. announced it had contributed $5 million to a partnership with Elon Musk’s Tesla and infrastructure company Blockstream to pilot anall-solar Bitcoin mining facilityin Texas.\nSince then, Block has also started designing its own Bitcoin mining semiconductor chips—commonly referred to as ASICs, which stands for application specific integrated circuits.\nIt’s not totally out of place, although hardware accounted for less than 1% of a Block’s $17 billion total net revenue in 2022. The bulk of it was generated from transactions, services, and Bitcoin. Block generates Bitcoin revenue when it buys and then sells BTC to its customers, like through its Cash App.\nThe rest came from hardware, which accounted for $164 million of that total, according to SEC filings.\nBut the company said it’s set to make a big push into the “Bitcoin ecosystem” with Spiral, an independent team contributing to open source projects; TBD, an open decentralized finance developer platform; and hardware projects, like its mining rigs and a self-custody wallet.\n“We believe our bitcoin ecosystem can help address inefficiencies in the current financial system, especially with respect to identity and trust,” the company wrote in itsannual report.\nStill, it had to disclose it’s taken the same kind of battering on its Bitcoin holdings as other publicly traded companies. By the end of 2022, Block has invested a cumulative $220 million in Bitcoin. After factoring in a $118 million impairment loss, the fair market value of Block’s BTC was $133 million.\nAlthough the company’s share price experienced a 21% boost since the start of the year, investors don’t yet seem swayed by Block’s Bitcoin aspirations. The company’s shares ended trading on Tuesday at $78.04, down 3% for the day.", 'TORONTO, March 07, 2023 (GLOBE NEWSWIRE) -- Purpose Investments Inc. (“Purpose Investments” or “the Company”) is announcing a correction to its earlier press release dated March 7, 2023, which aimed to clarify the firm’s ESG policy as it relates to funds managed by the Company. This press release updates the list of all Purpose Investments funds that do not fall under
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-03-08
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $425,165,148,800
- Hash Rate: 284649021.0618059
- Transaction Count: 292493.0
- Unique Addresses: 656385.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.50
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Join the most important conversation in crypto and web3! Secure your seat today
A panel of judges appeared skeptical of the U.S. Securities and Exchange Commission's (SEC) arguments during an appeals court hearing in Grayscale's ongoing bid to convert its Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund (ETF).
The company went to court Tuesday to argue the SEC's denial of its ETF application was "arbitrary," telling the panel of judges that Grayscale is "asking to be regulated" by the SEC through its conversion of GBTC to an ETF. Grayscale is a subsidiary of Digital Currency Group, CoinDesk's parent company.
Chief Judge Sri Srinivasan and Judges Neomi Rao and Harry Edwards of the District of Columbia Circuit Court of Appeals in Washington, D.C., asked SEC Senior Counsel Emily Parise a number of questions about the agency's argument that bitcoin futures prices underlying futures ETFs were more resistant to manipulation than spot bitcoin markets might be if a spot bitcoin futures ETF was approved.
Judge Rao asked a number of questions about futures prices, contrasting with spot prices: "It seems to me that [what] the Commission really needs to explain is how it understands the relationship between bitcoin futures and the spot price of bitcoin ... it seems to me that ... one is just essentially a derivative. They move together 99.9% of the time. So where's the gap, in the Commission's view?"
In the SEC's view, said Parise, the 99% correlation does not equate to causation, saying that figure only refers to once-a-day prices rather than intraday prices. She had earlier already mentioned that in the SEC's opinion, "it is undisputed" that spot markets for bitcoin are fragmented, in contrast with bitcoin futures, which trade solely on CME.
The other judges also asked a number of questions ranging from the legal defense by the SEC to how it evaluated the tests it used to reject Grayscale's bid.
The judges' apparent skepticism of the SEC's position is sending GBTC higher by 5% on Tuesday while the price of bitcoin is flat at $23,300. That's further narrowing the closed-end fund's discount to net asset value (NAV), whichhad fallen to a one-month lowof 42% on Monday.
Lyllah Ledesmacontributed reporting....
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Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin inched down to its lowest level in more than three weeks. It regained some ground to trade at about $21,700.\nInsights:Conic Finance aims to offer its users yields as high as 21% on three separate omnipools, which diversifies exposure across the Curve ecosystem. But can it deliver?\nCoinDesk Market Index (CMI)\n1,013\n−25.2▼2.4%\nBitcoin (BTC)\n$21,734\n−496.0▼2.2%\nEthereum (ETH)\n$1,536\n−30.7▼2.0%\nS&P 500\n3,992.01\n+5.6▲0.1%\nGold\n$1,819\n+5.3▲0.3%\nNikkei 225\n28,444.19\n+135.0▲0.5%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin Falls to Lowest Level in Nearly a Month.\nGood morning, Asia. Here\'s what\'s happening in markets.\nU.S. Federal Reserve Chairman Jerome Powell talked tough for a second consecutive day. Banking giant JPMorgan ended its relationship with crypto exchange Gemini, as CoinDesk\'s Ian Allisonfirst reported. Crypto-friendly bank Silvergatewill shutteroperations.\nBitcoin absorbed it all and then inched downward to its lowest level in nearly a month. The largest cryptocurrency by market capitalization was recently trading at about $21,750, down more than 2% over the past 24 hours. BTC sank below $21,600 at one point after largely teetering over $22,000 for much of this month. Investors have been wrestling with worrisome jobs and price data that has prompted Powell and Fed governors to rekindle their monetary aggressiveness as an inflation prescription.\nThe prospect of a 50 basis point (bps) interest rate hike now rests about 70% after various indicators heavily favored a more dovish 25 bps increase in previous weeks.\n“After celebrating disinflation greenshoots the past two months, the Federal Reserve has had to restart its hawkish positioning by talking tough on rate hikes," Quinn Thompson, head of growth and capital markets at blockchain-powered capital markets platform Maple, wrote CoinDesk in an email. "I think it\'s interesting to note that [the Fed] were parading their hikes as having a substantial impact on inflation, and then it became clear that inflation has proved to be more stubborn than had been anticipated. A 50-basis-point rate hike is basically inevitable now."\nThompson added that "barring any breakage in the system, such as a credit event of some sort, it seems increasingly likely that there won’t be any rate cuts until next year."\nEther fared similarly to bitcoin and was also down about 2% to change hands just above $1,530. That level was well off its late February highs over $1,700. Other major cryptos were mostly in the red, with SOL, the token of the Solana, blockchain off more than 9% and APT, the native cryptocurrency of layer 1 blockchain Aptos Labs down over 6%. TheCoinDesk Market Index, a measure of the broader crypto market\'s performance, was down nearly 3%.\nThe Nikkei rose about 0.5% as trading in Asian equity markets opened. U.S. indexes were flat with the tech-heavy Nasdaq and S&P 500, which has a heavy technology component, climbing slightly but the Dow Jones Industrial Average (DJIA) declining a couple of ticks of a percentage point.\nMaple\'s Thompson was wary about the cryptos\' prospects amid the Fed\'s apparent hawkish turn, which has historically sent prices of crypto and other riskier assets tumbling.\n"I suspect that we could again test the lows that were reached last year as a result of hiked rates, but also because of the Fed’s ongoing monetary tightening regime that is draining liquidity out of the markets," he wrote. "A lot of this tightened monetary policy is being priced into the fixed income markets. But risk assets have yet to price in the potential for downside spillover, and this could spell trouble for equities and crypto."\n[{"Asset": "XRP", "Ticker": "XRP", "Returns": "+2.6%", "DACS Sector": "Currency"}]\n[{"Asset": "Solana", "Ticker": "SOL", "Returns": "\\u22128.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22128.2%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22128.2%", "DACS Sector": "Smart Contract Platform"}]\nConic Finance\'s Big Promise, but Will It Deliver?\nAn earlier version of this storyappearedseparately on CoinDesk\'s website.\nA new tool to capture yields from prominent stablecoin swapping service Curve has attracted over $60 million from depositors just over a week after launch.\nConic Finance, which went live on March 1, allows users to deposit tokens into its omnipools, a new product that diversifies exposure across the Curve ecosystem while increasing rewards.\nEach omnipool allocates liquidity of a single asset into different Curve pools. All Curve liquidity provider (LP) tokens get staked on Convex to boost curve (CRV) rewards earnings. Convex (CNX), another Curve ecosystem token, is also rewarded, and so is conic (CNC), Conic’s native token.\nConic users can earn up to 21% annualized yields on the three omnipools for dai (DAI), frax (FRAX) and USD coin (USDC). The USDC pool has attracted over $50 million in liquidity alone, as Conic is currently providing one of the highest available yields in the crypto market for USDC. Deposits of frax and dai are considerably lower at $7 million and $5 million, respectively.\nHolders can lock their CNC tokens for vlCNC to participate in Conic governance and directly control how liquidity is allocated across Curve pools by participating in Conic’s Liquidity Allocation Votes (LAV) – which determine the share of an omnipool’s liquidity that a Curve pool can receive.\nIn the coming weeks, Conic’s demand among traders for its yield-generating products could ultimately generate value for its own CNC token.\nAs such, CNC tokens currently trade at $8, losing 4% in the past 24 hours with a market capitalization of $32 million.\nTo be sure, not all DeFit observers are fully embracing Conic\'s approach. Colin Johnson, the CEO and co-founder of tokenized art investment platform Freeport, called Conic "an interesting new avenue to access yield within the Curve ecosystem," yet added warily that "we\'ve seen historically what happens with promised returns of 20% or more (Terra)."\n"They either rapidly fade – which is most likely to happen here – or they build up an amount of stress that the system cannot handle, and we get an implosion," Johnson wrote. "Users should always beware when yield is delivered in a token that represents the very system they’re interacting with. When that token falls out of favor, its price tends to plummet."\nWhy use Conic?\nCurve uses smart contracts to offer an efficient way to exchange stablecoins while maintaining low fees and low slippage, according to developer documents. Depositors on Curve earn annual yields of up to 4% from one of the many pools on the platform, which locks over $5 billion worth of Ethereum-based tokens on its platform.\nCurve tokens (CRV) are issued as yield farming rewards to liquidity providers on Curve Finance, and can be converted into vote-escrowed CRV (veCRV). Holding veCRV allows users to participate in platform governance, earn higher rewards and fees and receive airdrops.\nThe tokens are time-locked, meaning users are incentivized to lock their CRV for a long time to receive more veCRV and platform rewards. However, this mechanism effectively locks up liquidity, creating opportunity costs for users.\nThis is where protocols like Conic come into play, allowing users to gain exposure to, or provide liquidity to, the Curve ecosystem to get rewarded while not having to lock up their tokens for long time periods by depositing on Curve directly.\nCrypto Expo Dubai 2023\n9:30 a.m. HKT/SGT(1:30 UTC)China Consumer Price Index (YoY/Feb)\n7:30 a.m. HKT/SGT(23:30 UTC)Japan Overall Household Spending (YoY/Jan)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Touches Three-Week Low After Powell\'s Hawkish Testimony; NEAR Foundation CEO on Web3 Outlook\nBitcoin fell to a three-week low after U.S. Federal Reserve Chair Jerome Powell\'s hawkish testimony to Congress spurred traders to price in a higher "terminal rate." Digital Economy Initiative advisory council member Martha Reyes weighed in. Plus, Near Foundation CEO Marieke Flament discussed her outlook on Web3 and female leadership in the crypto space on International Women\'s Day. Grayscale Investments Chief Legal Officer Craig Salm, MenaPay CEO Çağla Gül Şenkardeş and WomenInDeFi brand strategist Umeh Chinonye also joined the conversation. Grayscale and CoinDesk are both owned by Digital Currency Group (DCG).\nJPMorgan Is Cutting Ties With Crypto Exchange Gemini, Source:Coinbase said its banking relationship with JPMorgan remains intact.\nAlpha Sigma, Transform Ventures Partner on New $100M Crypto-Focused Funds:The firms are creating a holding company called Alpha Transform Holdings, Inc.\nCrypto Long & Short: Why Layer 2 Protocols Matter:They’re the overflow rooms for the bustling Bitcoin and Ethereum ecosystems.\nCoinbase Starts ‘Wallet as a Service’ Companies Can Build Into Their Own Apps:The U.S. crypto exchange says the new service could help companies “to help bring the next hundred million customers into Web3 through a seamless wallet-onboarding experience.”\nGitcoin’s Owocki Says Crypto Can Regenerate the World. Just Don’t Call Him Starry-Eyed:A programmer by training, Kevin Owocki\'s view of securities law is not based in any formal legal training but crypto optimism, evolutionary science, economics and legal theory, with a focus on the principal-agent problem.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin inched down to its lowest level in more than three weeks. It regained some ground to trade at about $21,700. Insights: Conic Finance aims to offer its users yields as
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-03-09
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $419,059,903,219
- Hash Rate: 288929457.4687504
- Transaction Count: 336854.0
- Unique Addresses: 700965.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.44
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Join the most important conversation in crypto and web3! Secure your seat today While this year’s price performance of the two largest cryptocurrencies has been impressive, with bitcoin (BTC) up over 46% year to date and ether (ETH) up over 37% YTD, the U.S. Securities and Exchange Commission (SEC) has been aggressively pursuing increased regulation on cryptocurrencies and has sued large cryptocurrency exchanges and custodians. Earlier this year, Kraken, a U.S.-based crypto trading platform and custodian, settled with the SEC and agreed to discontinue its “Crypto Asset Staking-as-a-Service” program in the U.S. and to pay a $30 million fine. This aggressive action from U.S. regulators has left many crypto investors concerned about the future of the industry. But while concerning, it may actually help the industry by increasing decentralization and provide much needed clarity. You're reading Crypto for Advisors , a weekly look at digital assets and the future of finance for financial advisors. Subscribe here to receive the mailing every Thursday. Staking services in review When Ethereum completed a successful network upgrade in 2022, shifting from a proof-of-work (PoW) blockchain to a proof-of-stake (PoS) network , this created an opportunity for individuals to earn blockchain rewards by running a network validator node and contributing to network security. Under the new PoS mechanism, the Ethereum network is secured by validators instead of miners, and those running a validator may earn rewards paid to them directly by the network, for their help in securing and running the network. Running a validator on Ethereum requires more technical knowledge than many cryptocurrency investors have, which led companies to offer “staking-as-a-service” products to retail traders and investors. Kraken, along with others, offered their customers the ability to stake Ethereum collectively, in a commingled staking pool, to generate staking rewards. Story continues While many investors appreciated these services, the SEC did not . Its public complaint states, “Kraken has offered and sold its crypto asset ‘staking services’ to the general public, whereby Kraken pools certain crypto assets transferred by investors and stakes them on behalf of those investors. Staking is a process in which investors lock up – or ‘stake’ – their crypto tokens with a blockchain validator with the goal of being rewarded with new tokens when their staked crypto tokens become part of the process for validating data for the blockchain. When investors provide tokens to staking-as-a-service providers, they lose control of those tokens and take on risks associated with those platforms, with very little protection.” The SEC argued that this service, offered by Kraken and others, violates modern securities rules and “staking-as-a-service” products are unregulated securities offerings. While we’ve seen many crypto lending products fail (Gemini Earn, Voyager Digital and Celsius Network), crypto staking is quite different from lending, which has caused many to push back on the SEC’s claims. Read more: How Does Ethereum Staking Work? Staking is actually simpler to understand than crypto lending. Outsourced and pooled staking, in particular, is a process in which investors pool their tokens together and a centralized entity deposits the pooled tokens into a validator to secure the network. When the pooled assets earn a reward from the network, the controller distributes the earnings to the participants in the pool. Also, while crypto lending is seen as a risky endeavor, staking does not involve lending pooled capital to hedge funds or traders. No leverage is involved, and it does not require underwriting or risk management practices that are seen in asset lending. Although crypto staking is less complex and risky than crypto lending, the SEC still took issue with the process, effectively shutting down all U.S.-based “staking-as-a-service” product offerings. So how does this change the Ethereum landscape? Increased Ethereum decentralization ahead Because Ethereum is now a proof-of-stake blockchain , staking assets in validators is crucial to network security and proper function. Because exchanges are not allowed to offer staking services to their clients, none of the Ethereum currently held on exchanges will be able to contribute to network security. In order to be staked on the network, Ethereum will be required to be withdrawn from exchanges and staked via another method. While the SEC’s actions have harmed the future of centralized staking services, which many would argue benefits retail investors in the long run, their rulings will ultimately push cryptocurrency to be more decentralized and distributed. Read more: Proof-of-Work vs. Proof-of-Stake: What Is the Difference? Companies like Lido and Rocket Pool offer “decentralized” staking services through their platforms. There’s also the option of running an individual node, directly on the Ethereum network – even though this requires significant technical savvy, and if done incorrectly, may result in loss of tokens. The SEC does not have the ability to prevent users from staking ETH tokens themselves or from using a decentralized staking service. Many cryptocurrency advocates believe that these regulations only strengthen the future of cryptocurrency , by forcing them to adhere to the principles of decentralization and anonymity that they emerged from. While recent regulations limit the number of centralized companies that can contribute to network security, it forces many individuals to pursue more decentralized options. One of the risks with centralized staking services is that one large institution, or a group of two or three, may gain majority power over the network if their service becomes large enough. This would put the network at risk of centralized control and manipulation. The SEC barring firms from pooled staking will force individuals to run their own node, which will increase decentralization and network security. While the SEC regulations may temporarily halt crypto innovation in the financial sector, it will likely strengthen the use case of decentralized finance and increase the network decentralization and diversification. True to the very roots cryptocurrency was founded upon, SEC regulations seem to be forcing crypto to be truly independent from modern financial systems....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['A rug pull is a scam where a cryptocurrency orNFTdeveloper hypes a project to attract investor money, only to suddenly shut down or disappear, taking investor assets with them. The name comes from the idiom “to pull the rug out” from under someone, leaving the victim off-balance and scrambling.\nRug pulls have increased asdecentralized finance(DeFi) attracts more investors to the crypto space. In the first six weeks of 2023, there were at least 11 rug pulls, resulting in the theft of a combined total of more than $14 million, according toComparitech’s crypto scam database.\nWe’ll cover the types of rug pulls, real-life examples and how to avoid falling for one yourself.\nRug pulls can be considered either hard or soft. A hard rug pull is when a developer has no intention of ever completing a project and intends to scam investors from the start, such as “hardwiring” a project’s code to leave an avenue open for theft. In contrast, a soft rug pull typically doesn’t have code-level fraud. Instead, soft pulls tend to rely on marketing hype to falsely inflate a project’s value, and then the project’s founders shut it down and run away with the money. Regardless, the result of either type is investor losses.\nRug pulls generally fall into the following categories:\nThis type of soft rug pull is similar topenny stock pump-and-dump schemes. The developers of a project hype it up to draw investors and encourage trading activity, using marketing tools such as social media, sweepstakes and other incentives as well as private servers such as Discord to make a community around the project. After inflating a coin or NFT’s value, the developers rapidly sell off their own supply, tanking the token’s value. Investors are then stuck with mostly worthless assets. Dumping schemes can span hours or years depending on the developers, and can sometimes look like normal market volatility rather than deliberate scams.\nProjects hosted on a DeFi trading platform typically require a pool of crypto tokens for trades and loans. These tokens are ostensibly secured withsmart contracts, but developers can build loopholes into the contracts allowing them to steal the pool of tokens from their investors. This is considered a hard rug pull, as the developers created the project with malicious intent baked in.\nAnother example of a hard rug pull, this scheme relies on a project’s developer including restrictions on selling in their tokens’ code. While investors can keep buying, they can’t sell unless a developer allows it. Scammers then dump their tokens when they want, leaving investors in the lurch and stuck with eventually worthless assets.\nThe short answer: It depends. Crypto fraud regulation is not yet consistent nationally or internationally. In the U.S., for instance, regulation has been spotty, as it’s not yet clear what the SEC considers under its purview. For instance, the SEC doesn’t consider Bitcoin a security, yet it filed a lawsuit against Ripple Labs for selling its XRP digital token. Ripple is fighting the charge, arguing that crypto tokens should not be treated as a security.\nIf you’re confused, you’re not alone — ironing out what counts as an investment contract (a security) or not is tricky in the crypto space. However, theSEC does have a guiding principlefor defining what’s a security. It’s called the Howey Test, and states that “an ‘investment contract’ exists when there is the investment of money in a common enterprise with a reasonable expectation of profits to be derived from the efforts of others.” Some pundits believe that blockchain projects, including initial coin offerings (ICOs), should be treated as securities, while the tokens themselves, such as bitcoins and ether, should not.\nWhile hard rug pulls are typically illegal, since it’s usually clear the developer has stolen investor funds with no intention of completing the project, soft rug pulls may not be technically illegal, though highly unethical. Because a soft rug pull can take years to occur, it can seem as if the developers are still actively working on the project, and they may be.\nHowever, some states are stepping up efforts to combat crypto fraud, even for scammers playing the long game. New York state, for instance, has proposed a bill that would penalize developers who own more than 10 percent of their virtual token supply and sell more than 10 percent of the total supply within a five-year period from the last sale of the tokens.\nCrypto scams are big business, with an estimated$25 billion lost to cryptocurrency and NFT scams so far, and no signs of slowing. And with over $2.8 billion lost to rug pulls in 2021 and more than 280 rug pulls executed in 2022 alone, there’s no shortage of examples to pull from.\nHere are a few rug pulls that stood out in recent years.\nFaruk Fatih Ozer, the founder of Thodex, formerly one of Turkey’s largest crypto exchanges, fled to Albania in 2021 after allegedly defrauding his platform users of $2.7 billion in funds. Before fleeing Turkey, Ozer’s company offered new registrants millions of freedogecoins, which many users say they never received.\nIn 2022 Ozer made the news again when he was arrested in Albania and extradited to Turkey. Turkey’s government has stated they’re seeking a 40,000-year-plus sentence against Thodex’s founders and co-conspirators.\nIn a prime example of a liquidity pooling scheme, AnubisDAO’s anonymous developers defrauded investors of about $60 million. The developers, who had no website or white paper, proposed a decentralized currency backed by a basket of assets. After receiving an outpouring of investor support, the developers drained the AnubisDAO liquidity pool 20 hours into the sale.\nIn the fall of 2021, an anonymous developer known asEvil Ape disappeared after taking $2.7 million of investor funds. Investors had fallen for a bogus NFT project called Evolved Apes, a collection of 10,000 cartoon apes that was supposed to include a fighting game. While the game was never developed, the NFTs exist and can still be found on OpenSea, an NFT marketplace.\nEthan Nguyen and Andre Llacuna made the news in 2022 when they were charged with conspiring to commit wire fraud and money laundering in one of the first rug pull crackdowns in the U.S. The duo had created an NFT project called Frosties, which they advertised as coming with rewards, giveaways and exclusive opportunities. Hours after selling around $1.1 million of Frosties, Nguyen and Llacuna shut down the project and absconded with investor funds.\nMost rug pulls come from new projects that might seem like exciting investments. With widespread fraud in the crypto world, extra scrutiny is called for before you invest your money.\nWhile not foolproof, these tips can help you sidestep a scam.\nA healthy dose of skepticism is useful when sorting through crypto hype. Not every new cryptocurrency or NFT will be the next big thing. In fact, most of them will not, as demonstrated by money pooled in the most popular cryptocurrencies. Bitcoin and Ethereum still dominate the market, with the third largest coin not even half of Ethereum’s market cap.\nAs many crypto experts say, don’t invest money you can’t afford to lose.\nOne of the tried-and-true ways scammers push sales is through creating a sense of urgency or scarcity. In other words, fear of missing out, or FOMO. If you feel like this is an opportunity you absolutely cannot pass up and that you have to invest immediately – before having time to research – take a time out. It’s probably wise to take a step back and assess what’s creating the feeling. Is there a legitimate time crunch or is it a manufactured feeding frenzy?\nUnlike some other industries, crypto doesn’t have a built-incooling-off period, meaning you can’t cancel or back out of a funds transfer, in most cases. Taking your time may mean missing out on an opportunity now and again, but it may save you even more.\nThe crypto world is full of anonymity and aliases, which is part of the reason fraud is so common in the space. However, you should still gather as much information about the project as you can. This could include the developers’ backgrounds, including past projects and experience. For those with coding and blockchain experience, look into the project specs. And if the project has a white paper, you’ll want to give it a read.\nIf the investment opportunity comes with disclosures, be sure to read them. The SEC has fined crypto companies for not providing necessary information to investors and potential investors. The regulator has stated that if crypto companies offer investment contracts (i.e., securities) in exchange for tokens, they must register and comply with SEC regulations.\n“We are not concerned with the labels put on offerings, but on their economic realities,” said Gurbir S. Grewal, Director of the SEC’s Division of Enforcement. “And part of that reality is that crypto assets are not exempt from the federal securities laws.”\nIf a digital asset offering doesn’t have a disclosure, butseems to fit the description of a security, beware.\nBefore investing, make sure you do your due diligence. While you’re not guaranteed to catch every scam, you’ll have a much better shot at avoiding bad deals if you take your time and research thoroughly. If you’re putting your hard-earned money into a risky crypto project, it’s vital to understand what you’re buying and why you think it will go up in price.', 'Namthip Muanthongthae/Getty Images A rug pull is a scam where a cryptocurrency or NFT developer hypes a project to attract investor money, only to suddenly shut down or disappear, taking investor assets with them. The name comes from the idiom \x93to pull the rug out\x94 from under someone, leaving the victim off-balance and scrambling. Rug pulls have increased as decentralized finance (DeFi) attracts more investors to the crypto space. In the first six weeks of 2023, there were at least 11 rug pulls, resulting in the theft o
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-03-10
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $386,649,638,375
- Hash Rate: 291564668.6842239
- Transaction Count: 329334.0
- Unique Addresses: 762121.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.34
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: An Arizona State Senator has introduced a bill to makeBitcoinlegal tender in The Grand Canyon State.
Wendy Rogers, a Republican and enthusiastic supporter of former President Donald Trump, yesterday put forwarda proposalto amend the definition of legal tender in the state’s statutes to include the world’s biggest cryptocurrency.
The bill was introduced as one of a bundle of changes suggested by the State Senator, which includedanother billpreventing local authorities from taxing the use of blockchain technology.
There is alsoa proposalto allow state agencies to accept cryptocurrency as a payment method for fines, rents, taxes, or any other charges they need to collect.
Rogers, aself-professedmember of the far-right militia group the Oath Keepers, has tried to make Bitcoin legal tender before.
She introduceda similar billalmost exactly a year ago, but it was not adopted.
Rogers’ Republican colleagues Jeff Weninger and J.D. Mesnard co-sponsored the bills. If all her fellow party members get behind the bill, it could pass without Democrat support as Republicans hold a slim majority in the state senate.
If passed, the bill would make Arizona the first U.0.S state to give Bitcoin the same legal status as the dollar.
Only a few places in the world have taken the step to make the cryptocurrency an officially accepted currency. El Salvador was the first country to take the step in 2021, followed by theCentral African Republic last year.
Earlier this week, Coinbase CEO Brian Armstrong suggested that Brazil and Argentina, which are mulling the creation of a common currency, could considerusing Bitcoinas legal tender....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today\nThe cryptocurrency crisis went into high gear early Saturday as Silicon Valley Bank\'s (SVB) failure caused some of the industry\'s core plumbing to go haywire.\nStablecoin priceswildly swungandgas fees soaredas investors scrambled to move money around hours afterregulators shut SVB amid a run on the bank, which had ties to crypto. It was thesecondcrypto-linked bank to go under this week.\nIn the aftermath,Treasury Secretary Janet Yellen convenedtop financial regulators to discuss the collapse of SVB. Not long after, crypto markets went into turmoil, suggesting the more-than-year-long bear market has entered an even darker phase.\nThere\'s echoes of the 2008 global financial crisis, when bad news kept getting followed up by even worse news. Though in the case of crypto, which lacks a central bank like the Federal Reserve that can bail out the industry, the question lingers: How will it end?\nRead More:U.S. Lawmakers Met With Fed, FDIC to Discuss Collapse of Silicon Valley Bank\nCircle Internet Financial\'s USDC stablecoin massively depegged from its intended $1 price – a harrowing development for a product designed as a place for investors to safely park money. TheUSDC/USDT pair(which tracks Circle\'s coin versus the bigger one issued by Tether) sank as low as $0.869 on the Kraken exchange at 07:16 UTC on Saturday – far lower than it ever got amid the market stresses that followed the FTX debacle in November. It was back around $0.94 as of 18:07 UTC.\nThe financial services companyconfirmedlate Friday that about $3.3 billion of the reserves backing the world\'s second-largest stablecoin were tied up at SVB.\nRead More:Coinbase Pauses Conversions Between USDC and U.S. Dollars as Banking Crisis Roils Crypto\nStablecoins derive their value from those reserves; if one is worth more than $43 billion – as USDC was earlier on Friday – there should be roughly that much cash or cash-like fixed-income instruments stashed somewhere backing that up. USDC\'s market capitalization has now slumped below $40 billion.\nAnother stablecoin,MakerDAO\'s DAI, also depegged from $1.\nUSDT, meanwhile, at one point spiked to$1.06 on Kraken versus the U.S. dollaras investors appeared to shift money away from USDC.Bitcoin climbedback above $20,000.\nGas fees, which measures how much it costs to complete an on-chain transaction, surged. ForEthereum, the median gas feejumped as high as about 231 gwei, versus the roughly 20-to-40 range seen earlier Friday, according to Nansen.ai.\nCrypto was born in the aftermath of – and, to some, in response to – the 2008 crisis. Satoshi Nakamoto\'s Bitcoin paper debuted into a world where governments had just propped up the financial system by pouring money into it. Crypto lacks such a centralized authority. If SVB customers, including Circle and its USDC stablecoin, are forced to take a haircut on their money, the repercussions are unclear.\nSo who, if anyone, will step in?\nWhen Razer CEO Min-Liang Tan tweeted late Friday that Twitter should buy SVB and turn into a digital bank, billionaireElon Musk tweeted in reply, "I\'m open to the idea."\nRead More:Traders Bet on USD Coin Rebound as USDC Falls to 90 Cents\nUPDATE (March 11, 2023, 18:07 UTC):Updates prices and adds DAI\'s depegging.', 'Join the most important conversation in crypto and web3! Secure your seat today The cryptocurrency crisis went into high gear early Saturday as Silicon Valley Bank\'s (SVB) failure caused some of the industry\'s core plumbing to go haywire. Stablecoin prices wildly swung and gas fees soared as investors scrambled to move money around hours after regulators shut SVB amid a run on the bank , which had ties to crypto. It was the second crypto-linked bank to go under this week. In the aftermath, Treasury Secretary Janet Yellen convened top financial regulators to discuss the collapse of SVB. Not long after, crypto markets went into turmoil, suggesting the more-than-year-long bear market has entered an even darker phase. There\'s echoes of the 2008 global financial crisis, when bad news kept getting followed up by even worse news. Though in the case of crypto, which lacks a central bank like the Federal Reserve that can bail out the industry, the question lingers: How will it end? Read More: U.S. Lawmakers Met With Fed, FDIC to Discuss Collapse of Silicon Valley Bank Circle Internet Financial\'s USDC stablecoin massively depegged from its intended $1 price – a harrowing development for a product designed as a place for investors to safely park money. The USDC/USDT pair (which tracks Circle\'s coin versus the bigger one issued by Tether) sank as low as $0.869 on the Kraken exchange at 07:16 UTC on Saturday – far lower than it ever got amid the market stresses that followed the FTX debacle in November. It was back around $0.94 as of 18:07 UTC. USDC/USDT sinks (Kraken) The financial services company confirmed late Friday that about $3.3 billion of the reserves backing the world\'s second-largest stablecoin were tied up at SVB. Read More: Coinbase Pauses Conversions Between USDC and U.S. Dollars as Banking Crisis Roils Crypto Stablecoins derive their value from those reserves; if one is worth more than $43 billion – as USDC was earlier on Friday – there should be roughly that much cash or cash-like fixed-income instruments stashed somewhere backing that up. USDC\'s market capitalization has now slumped below $40 billion. Story continues Another stablecoin, MakerDAO\'s DAI, also depegged from $1 . USDT, meanwhile, at one point spiked to $1.06 on Kraken versus the U.S. dollar as investors appeared to shift money away from USDC. Bitcoin climbed back above $20,000. $USDT "depegged" to the upside, worth 1.06 $USD and 1.08 $USDC today. $USDC dipped to 0.89 $USD . You have to wonder if the market is losing faith in US-homed financial products. Board: https://t.co/ndnGPaSwmm pic.twitter.com/Fi6Fh5mSQk — Jesse Powell (@jespow) March 11, 2023 Gas fees, which measures how much it costs to complete an on-chain transaction, surged. For Ethereum, the median gas fee jumped as high as about 231 gwei, versus the roughly 20-to-40 range seen earlier Friday, according to Nansen.ai. Ethereum gas fees (Nansen.ai) Crypto was born in the aftermath of – and, to some, in response to – the 2008 crisis. Satoshi Nakamoto\'s Bitcoin paper debuted into a world where governments had just propped up the financial system by pouring money into it. Crypto lacks such a centralized authority. If SVB customers, including Circle and its USDC stablecoin, are forced to take a haircut on their money, the repercussions are unclear. So who, if anyone, will step in? When Razer CEO Min-Liang Tan tweeted late Friday that Twitter should buy SVB and turn into a digital bank, billionaire Elon Musk tweeted in reply , "I\'m open to the idea." Read More: Traders Bet on USD Coin Rebound as USDC Falls to 90 Cents UPDATE (March 11, 2023, 18:07 UTC): Updates prices and adds DAI\'s depegging.', "TTEC Holdings, Inc. (NASDAQ: TTEC ) Q4 2022 Earnings Call Transcript February 28, 2023 Operator: Welcome to TTEC's Fourth Quarter and Full Year 2022 Earnings Conference Call. I would like to remind all parties that you will be in a listen-only mode until the question-and-answer session. This call is being recorded at the request of TTEC. I would now like to turn the call over to Paul Miller, TTEC's Senior Vice President, Treasurer and Investor Relations Officer. Thank you, sir. You may begin. Paul Miller: Good morning, and thank you for joining us today. TTEC is hosting this call to discuss its fourth quarter and full year 2022 financial results for the period ended December 31, 2022. Participating on today's call are Ken Tuchman, Chairman and Chief Executive Officer of TTEC; Shelly Swanback, Chief Executive Officer of TTEC Engage and President of TTEC; and Dustin Semach, Chief Financial Officer of TTEC. Yesterday, TTEC issued a press release announcing its financial results. While this call will reflect items discussed within that document, for complete information about our financial performance, we also encourage you to read our 2022 annual report on Form 10-K, which we anticipate will be filed at market close today. Before we begin, I want to remind you that matters discussed on today's call may include forward-looking statements related to our operating performance, financial goals and business outlook, which are based on management's current beliefs and assumptions. Please note that these forward-looking statements reflect our opinion as of the date of this call, and we undertake no obligation to revise this information as a result of new developments that may occur. Forward-looking statements are subject to various risks, uncertainties and other factors that could cause our actual results to differ materially from those expected and described today. For a more detailed description of our risk factors, please review our annual report on Form 10-K. A replay of this conference call will be available on our website under the Investor Relations section. Story continues I will now turn the call over to Ken. Ken Tuchman: Thank you, Paul. Good morning, everyone, and thank you for joining us today. We ended 2022 with solid execution and financial results despite the increased uncertainties surrounding the global macroeconomic environment, our performance reflects our broad and diverse base of global clients, our expertise across strategic verticals and our full range of digital CX technology, AI and service capabilities. For the full year of 2022, bookings were $762 million. Revenue increased 9.4% to $2.44 billion on a constant currency basis. Adjusted EBITDA was $326.6 million or 13.4% of revenue. In addition, last year, we enhanced our public sector vertical with a meaningful acquisition. We publicly launched our strategic partnership with Google, deepened our partnership with each of our core strategic CX tec
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-03-11
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $396,283,241,388
- Hash Rate: 357219695.9219277
- Transaction Count: 319707.0
- Unique Addresses: 721567.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.33
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: New York, NY --News Direct-- Finance News When it comes to cryptocurrencies, investors need to stay up-to-date with the current trends. After all, the crypto market is highly volatile and is easily influenced by social sentiment. In this guide, we take a closer look at the top trending cryptocurrencies of 2023 that investors may decide to put on their watchlists. The Top 10 Trending Cryptos to Buy in 2023 After studying the current market trends, we have compiled a list of 10 top trending cryptos: MEMAG - The Top Trending Crypto Coin to Buy Right Now in 2023 Fight Out - Web3 Project Centered On Health And Fitness Rewards C+Charge - Innovative Blockchain-Powered EV Charging App RobotEra - Popular Metaverse Game With a Futuristic Robot Theme Calvaria - Play-to-Earn Crypto Game With Strategic Card Battles Lucky Block - Crypto Casino and Sportsbook With Native Digital Token Tamadoge - Metaverse Gaming Project That Raised $19 Million in Presale Funding CryptoAI - New Crypto Project Combining AI and Crypto XRP - Native Token of Ripple's Currency Remittance Network Ethereum - Decentralized Blockchain Network That Executes Smart Contracts Analysis of the Top Trending Cryptocurrencies To Invest in Now Understanding the current trends in cryptocurrencies can provide investors with valuable insight into the overall sentiment and direction of the market. This can help investors make informed decisions and identify potential opportunities and risks. With this in mind, we have analyzed some of the top trending crypto coins in today's market. Read on to see what makes these projects unique. 1. MEMAG - The Top Trending Crypto Coin to Buy Right Now MEMAG is one of the new cryptos trending on Twitter, Reddit, and other social networks. MEMAG is the primary utility token of the fastest-growing web3 gaming project of 2023, Meta Masters Guild. Meta Masters Guild aims to redefine the crypto gaming market and the existing play-to-earn model. With blockchain integration, Meta Masters Guild allows players to tokenize their in-game assets and earn crypto rewards in return for their time and effort. As we noted above, MEMAG is the powerhouse of this ecosystem. Story continues MEMAG tokens can be used for staking and for buying in-game NFTs on Meta Masters Guild. In addition to MEMAG, Meta Masters Guild also has a secondary digital token named GEMS, which are used mainly for rewarding purposes. Players can earn GEMS tokens by completing challenges within each Meta Masters Guild game. GEMS can be converted into MEMAG directly on the platform and can be deposited for staking to collect additional rewards. Alternatively, users can also purchase in-game assets using GEMS tokens. MEMAG offers a deflationary tokenomics structure, with a total token supply of 1 billion. 35% of these tokens are available for purchase during the ongoing presale. The presale has already reached stage five as of writing. According to the project's roadmap , Meta Masters Guild will launch its first game in Q3, 2023. The game, titled Meta Kart Racers, is a PvP racing game designed exclusively for mobile phones. Visit Memag Presale 2. Fight Out - Web3 Project Centered On Health And Fitness Rewards Fight Out is a newly launched move-to-earn project that rewards users for completing workouts. The platform offers a mobile app that supports a wide variety of exercise routines. These workout routines are designed by fitness professionals to help users reach their goals and stay fit while allowing them to earn money at the same time. Additionally, Fight Out also has plans to partner with gyms - which will be integrated with its app. Ultimately, the amount of REPS tokens earned by a user will depend on whether they are exercising using the app or at the gym, the type of workout, the duration, and more. With that said, REPS is not the digital token that powers the Fight Out app. This is where FGHT comes in - which is the utility token of Fight Out. Users can gain access to the Fight Out app through FGHT tokens and take advantage of a 25% discount. FGHT tokens can also be used to buy REPS to make any in-app purchases. Fight Out also aims to bridge the gap between web2 and web3. At the time of creating an account, users will be able to mint their own NFTs. However, these cannot be transferred or traded. Moreover, the data collected from a user's workouts and achievements are converted directly into traits for this avatar. With these NFTs, users cannot only enter competitions against other Fight Out stakeholders but also AI-powered pro fighters in the metaverse. With such innovative features, it is evident why Fight Out is the most trending cryptocurrency in the M2E space right now. As of writing, FGHT tokens can be purchased via presale - which will end on March 31st, 2023 or when the hard cap total is met - whichever comes first. Visit Fight Out Presale 3. C+Charge - Innovative Blockchain-Powered EV Charging App According to C+Charge , there are several issues plaguing the electric vehicle (EV) industry. For instance, the electric charging station infrastructure is inadequate. Moreover, there is a lack of uniformity and transparency in the payment gateways utilized by EV charging stations. Crucially, only EV car manufacturers and charging station owners have access to carbon credits. Meaning - EV owners do not have access to carbon credits at all. With this in mind, C+Charge has developed a blockchain-backed solution to solve this real-world issue. And most importantly, the app will also offer EV drivers tokenized carbon credits based on their usage of charging stations. These carbon credits, along with CCHG tokens, are stored in a digital wallet integrated into the C+Charge app. As is evident, C+Charge tokens have a distinct and practical purpose in the real world. It has the potential to democratize the carbon credits industry while promoting EV adoption. Therefore, it isn't surprising that CCHG is one of the new trending cryptos among ethical investors. Investors can buy CCHG tokens directly via the C+Charge website. The CCHG token presale is currently underway, and as of writing, this cryptocurrency is available at $0.013 per coin. The presale price will soon increase to $0.0165. Visit C+Charge Presale 4. RobotEra - Metaverse World With a Futuristic Robot Theme RobotEra is another top trending crypto of 2023. This is a metaverse project that enables players to explore a new virtual planet called Taro. Moreover, players will also be able to own virtual lands and develop their property as they deem fit. For instance, players can develop buildings, community spaces, and other structures. Additionally, players can explore other lands, mine for resources, and find rewards. RobotEra also comes with quest challenges that offer players additional opportunities to earn crypto tokens. In addition to this, players can also sell advertisement spaces, feature their original artwork in museums, and even host virtual concerts and events in the Taro metaverse. As is evident, there are plenty of ways for players to monetize their time and effort in the RobotEra universe. Moreover, all virtual assets, including plots of land, are available as NFTs. Players will also be able to mint their own NFT avatars - which are designed as robots. It is also possible to mint robot companion avatars that will assist players in the game. TARO is the currency that powers the RobotEra metaverse. The TARO presale has already caught the attention of many investors and has collected over $800,000 thus far. Investors will need to move fast to secure the 25% discount that is currently on offer via stage one of the presale. Visit RobotEra Presale 5. Calvaria - Play-to-Earn Crypto Game With Strategic Card Battles Calvaria is one of the most recent entrants to the play-to-earn gaming world. This project aims to integrate the concept of card games with web3. In the Calvaria digital world, all cards are backed by NFTs - which makes each one truly unique and immutable. Players can collect NFT cards and compete in tournaments against others. Players will need to use a combination of cards that represent different characters to win a game, so this will appeal to fans of the strategy-based genre. Calvaria will reward winners with RIA tokens. To begin playing the game, investors will need to purchase a desk of NFT cards. This requires players to own RIA tokens, Calvaria's native cryptocurrency. Calvaria recently sold 150 million RIA tokens via its presale, raising more than $3 million in funding and securing the entire hard cap target. Investors who missed out on the presale will be able to buy RIA tokens from leading crypto exchanges in the immediate future. According to Calvaria's roadmap, RIA tokens will be listed on BKex in February 2023. Visit Calvaria 6. Lucky Block - Crypto Casino and Sportsbook With Native Digital Token Lucky Block is an online casino that facilitates gambling with both crypto coins as well as fiat currencies. Although the casino was launched in late 2022, it has already become a popular choice among crypto gamblers. Lucky Block comes with thousands of gambling titles across a wide range of categories - such as provably fair, slots, table games, and more. It features titles designed by over 80 leading game developers. Additionally, Lucky Block allows users to gamble on the outcome of sporting events. Players can also gamble on esports tournaments both pre-match and in-play. Lucky Block has a native cryptocurrency called LBLOCK. In the coming months, Lucky Block will begin supporting gambling with LBLOCK tokens. Currently, the Lucky Block casino facilitates payment with 10 cryptocurrencies, including the likes of Bitcoin, Ethereum, and Litecoin. Furthermore, LBLOCK tokens come without transaction fees, which allows for easier listings on centralized exchanges and makes it a good choice for trading. LBLOCK is now available on multiple exchanges, including MEXC, LBank, and Gate.io - with more listin...
- Reddit Posts (Sample): [['u/thadiusb', 'Was today a bit of a Bitcoiner’s wet dream?', 25, '2023-03-11 00:51', 'https://www.reddit.com/r/Bitcoin/comments/11o4wn6/was_today_a_bit_of_a_bitcoiners_wet_dream/', 'So, a bank basically collapsed. Wells Fargo is doing some shady shit with deposits (conveniently heading into the weekend). Many unrealized losses on the books of all the big banks. The system cracking at a faster pace now.\n\nBitcoin is down again, yes, but 3 potential things can come of this.\n\nFirst is bailouts. Honestly I was a little surprised a bailout didnt come of Silicon Valley Bank. The start-up community is REKT. No one wanted to step in and help? Crazy. But with bailouts comes the ol’ money printer that would send Bitcoin right back up again.\n\nSecondly. No bailouts. Whoever survives, survives. Breadlines. Mass depression. Mass job loss. Hyperinflation. Probably the least likely scenario. \n\nThird. War-footing economy. In order to save the legacy financial system, and prevent another Great Depression, America finally launches into World War 3. \n\nEither way, lots of people lose. But Bitcoin will win.\n\nThis is a Bitcoiner’s wet dream. \n\nBitcoin was created as a result of the Great Recession. Now we have Bitcoin to guide us through the next Great Recession, or whatever consequences come of this.\n\nJust thoughts from a Bitcoiner.', 'https://www.reddit.com/r/Bitcoin/comments/11o4wn6/was_today_a_bit_of_a_bitcoiners_wet_dream/', '11o4wn6', [['u/woodgraintippin', 17, '2023-03-11 00:56', 'https://www.reddit.com/r/Bitcoin/comments/11o4wn6/was_today_a_bit_of_a_bitcoiners_wet_dream/jbqraxg/', 'Too bad these crypto companies spent so much time falsely associating their centralized scamcoins with bitcoin, and doing everything they can to to unsolve the byzantine emperors problem by merging to proof of stake. Most normies don\'t know what their life raft is anymore. \n\nI\'m also not pleased by people losing access to their money. Regardless of these events reconfirming my own beliefs in Bitcoin. So no, not a "wet dream"', '11o4wn6'], ['u/escape1979uk', 13, '2023-03-11 10:29', 'https://www.reddit.com/r/Bitcoin/comments/11o4wn6/was_today_a_bit_of_a_bitcoiners_wet_dream/jbscuzp/', "You're getting ahead of yourself \n\nA tech startup engaged in basically shadow banking collapsed, not a high street bank that is propped up by government \n\nIt was nowhere near as dystopian as you make it sound \n\nHigh street banks do shady shit all the time... and they get away with it because of the sheer volume of assets they manage \n\nWhen BAML, Citi, HSBC etc start to crack at the seams, then you might be warranted with your level of glee at peoples suffering and misery", '11o4wn6'], ['u/bitcorner22', 13, '2023-03-11 12:09', 'https://www.reddit.com/r/Bitcoin/comments/11o4wn6/was_today_a_bit_of_a_bitcoiners_wet_dream/jbsjrl6/', 'tiny? It\'s a top 20 bank and the second largest bank failure in US history.\n\nthe reason why they became insolvent is also very interesting, they held "risk free" treasury bonds that lost so much value that they became insolvent. How many other banks hold the same bonds?', '11o4wn6']]], ['u/Small_Cap_Finder', '1 Bitcoin or higher income?', 18, '2023-03-11 01:28', 'https://www.reddit.com/r/Bitcoin/comments/11o5s6d/1_bitcoin_or_higher_income/', "You've got an extra $25k and BTC is $20k right now. Would you rather:\n\nA) Buy 1 Bitcoin\n\nB) Get a CDL + a few months of cushion to land a job as a cementing operator for payment of $3k a week after taxes.", 'https://www.reddit.com/r/Bitcoin/comments/11o5s6d/1_bitcoin_or_higher_income/', '11o5s6d', [['u/lostrapt', 108, '2023-03-11 01:38', 'https://www.reddit.com/r/Bitcoin/comments/11o5s6d/1_bitcoin_or_higher_income/jbqwrgx/', 'B) first invest in yourself then invest in bitcoin', '11o5s6d'], ['u/Deskrad', 10, '2023-03-11 01:39', 'https://www.reddit.com/r/Bitcoin/comments/11o5s6d/1_bitcoin_or_higher_income/jbqwvwj/', '3k a week after taxes to push a cement truck? Are you fucking kidding me? I design airplane and rocket components and make 2/3s that a week?', '11o5s6d'], ['u/gdmfsobtc', 16, '2023-03-11 01:55', 'https://www.reddit.com/r/Bitcoin/comments/11o5s6d/1_bitcoin_or_higher_income/jbqyxq7/', "B, it's a no-brainer.", '11o5s6d'], ['u/RoyYourWorkingBoy', 11, '2023-03-11 02:22', 'https://www.reddit.com/r/Bitcoin/comments/11o5s6d/1_bitcoin_or_higher_income/jbr29zr/', 'B) All day long. Buy yourself a $1000 in btc and get a job with the rest.', '11o5s6d'], ['u/adigabusymind', 17, '2023-03-11 03:20', 'https://www.reddit.com/r/Bitcoin/comments/11o5s6d/1_bitcoin_or_higher_income/jbr9ffg/', 'I love this sub when it’s reasonable. And very strangely, most of the time it is.', '11o5s6d'], ['u/pantuso_eth', 14, '2023-03-11 03:33', 'https://www.reddit.com/r/Bitcoin/comments/11o5s6d/1_bitcoin_or_higher_income/jbrb3gg/', 'Enjoy it while it lasts. Just wait until ~$50k. No more reasonable posts then', '11o5s6d'], ['u/Comicaz3', 16, '2023-03-11 03:37', 'https://www.reddit.com/r/Bitcoin/comments/11o5s6d/1_bitcoin_or_higher_income/jbrbjr9/', 'The best lesson here, honestly. Joining the military sucked for short term pains but paid off for long term gains making six figures', '11o5s6d']]], ['u/SVXYstinks', 'This is the moment Bitcoin is supposed to shine, right?', 98, '2023-03-11 02:22', 'https://www.reddit.com/r/CryptoCurrency/comments/11o6yl1/this_is_the_moment_bitcoin_is_supposed_to_shine/', 'So Satoshi made Bitcoin in response to the Great Financial Crises and that having a fixed supply of “currency” was the only way for any economy to be fair.\n\nI was told for the last few years that when the fiat banking system faces severe stress, like what is happening right now, Bitcoin is going to save the day and be the safe haven.\n\nSo my question is, why haven’t we pumped? This seems like the closest we’ve been to the reason Bitcoin was created in the first place, shouldn’t people be starting to convert their money to Bitcoin? Or is it going to be a slow process?\n\nSeems like the options are either people move over to crypto or QE starts, both of which seems extremely bullish for us.', 'https://www.reddit.com/r/CryptoCurrency/comments/11o6yl1/this_is_the_moment_bitcoin_is_supposed_to_shine/', '11o6yl1', [['u/friedballbag', 26, '2023-03-11 02:28', 'https://www.reddit.com/r/CryptoCurrency/comments/11o6yl1/this_is_the_moment_bitcoin_is_supposed_to_shine/jbr32af/', 'Bitcoin works well as a hedge against rising prices when inflation is caused by monetary expansion. The current inflation is being caused by demand in supply, disruption of food supply and energy. Long term wise Bitcoin looks positive but currently not so much.', '11o6yl1'], ['u/already_night', 39, '2023-03-11 02:30', 'https://www.reddit.com/r/CryptoCurrency/comments/11o6yl1/this_is_the_moment_bitcoin_is_supposed_to_shine/jbr3b33/', "Does it look like BTC isn't shining? Shit was 0.01$ when it was made. It's 20k now. Idk about you, but that's a fucking supernova shining.", '11o6yl1'], ['u/Smiling_Jack_', 22, '2023-03-11 02:32', 'https://www.reddit.com/r/CryptoCurrency/comments/11o6yl1/this_is_the_moment_bitcoin_is_supposed_to_shine/jbr3jxc/', 'Nailed it.\n\nBTC is a hedge against currency debasement, which is not the same thing as inflation.', '11o6yl1'], ['u/astockstonk', 79, '2023-03-11 02:32', 'https://www.reddit.com/r/CryptoCurrency/comments/11o6yl1/this_is_the_moment_bitcoin_is_supposed_to_shine/jbr3l6k/', '1 Bitcoin is literally worth $20,000. \n\nSeems to be doing ok if you ask me. Would hate to see what things looked like if Bitcoin was actually performing terribly and we saw that value reduced to rubble overnight.', '11o6yl1'], ['u/Intfamous', 113, '2023-03-11 02:38', 'https://www.reddit.com/r/CryptoCurrency/comments/11o6yl1/this_is_the_moment_bitcoin_is_supposed_to_shine/jbr4c1r/', '"pump" isnt the reason BTC was created...', '11o6yl1'], ['u/[deleted]', 17, '2023-03-11 02:41', 'https://www.reddit.com/r/CryptoCurrency/comments/11o6yl1/this_is_the_moment_bitcoin_is_supposed_to_shine/jbr4q1o/', 'what about the sensationalized "crypto blood bath" and "crypto ice age" headlines? weve been waiting to use them for 3 months', '11o6yl1'], ['u/Cryptizard', 38, '2023-03-11 02:43', 'https://www.reddit.com/r/CryptoCurrency/comments/11o6yl1/this_is_the_moment_bitcoin_is_supposed_to_shine/jbr4wjx/', '>having a fixed supply of “currency” was the only way for any economy to be fair.\n\nHow is that fair? It means that early adopters are inherently preferred and later adopters are penalized. Don\'t confuse "fair" with "profitable for me."', '11o6yl1'], ['u/kyles08', 37, '2023-03-11 02:45', 'https://www.reddit.com/r/CryptoCurrency/comments/11o6yl1/this_is_the_moment_bitcoin_is_supposed_to_shine/jbr55lm/', "Crypto as an alternative to the banking system, doesn't work when the crypto companies rely on the banking system.", '11o6yl1'], ['u/zoomercoomer9000', 10, '2023-03-11 03:03', 'https://www.reddit.com/r/CryptoCurrency/comments/11o6yl1/this_is_the_moment_bitcoin_is_supposed_to_shine/jbr7d2p/', "Feel like I'm getting a free lesson in economics here.\n\n> Debasement refers to lowering the value of a currency. It can happen if a government prints more money, increasing the money supply without a corresponding increase in output.\n\nThanks to you and Professor Friedballbag.", '11o6yl1'], ['u/Bucksaway03', 11, '2023-03-11 03:59', 'https://www.reddit.com/r/CryptoCurrency/comments/11o6yl1/this_is_the_moment_bitcoin_is_supposed_to_shine/jbre92x/', "But it's the reason most are here", '11o6yl1'], ['u/liveaskings', 54, '2023-03-11 04:24', 'https://www.reddit.com/r/CryptoCurrency/comments/11o6yl1/this_is_the_moment_bitcoin_is_supposed_to_shine/jbrh50m/', 'A pump was how I was created...', '11o6yl1'], ['u/liveaskings', 13, '2023-03-11 04:27', 'https://www.reddit.com/r/CryptoCurrency/comments/11o6yl1/this_is_the_moment_bitcoin_is_supposed_to_shine/jbrhgk4/', 'The type of rise any asset would dream of', '11o6yl1'], ['u/Intfamous', 19, '2023-03-...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["Vancouver --News Direct-- Allied PR Cryptocurrencies have grown in popularity. And with their rise in popularity, several investors have created passive income by riding this new wave. Rookies may need help to invest in cryptocurrencies. They are still learning this industry's ins and outs and testing the waters. Visit the official TeslaCoin Website Crypto trading is now made easier by the emergence of a plethora of crypto trading bots. Yet, not all of them in this highly competitive sector seem to be reliable. TeslaCoin is an auto trading bot that allows investors to benefit from the cryptocurrency market with little effort. According to its website, TeslaCoin is an automated trading tool that may help people profit by trading in the cryptocurrency market. The app aims to help traders sell and purchase four popular cryptocurrencies, namely, Bitcoin, Ripple, Ethereum, and Cardano. The creators claim that the app will help traders continuously benefit from the market by concentrating on minor, predictable price swings. All of these earnings are passed on to users. According to the website, traders may save a lot of time by letting the app do all the work like analyzing the market trends and identifying profitable trades, etc. It is worth mentioning here that TeslaCoin's website does not have any information regarding its prior success record. Nor does it have any customer testimonials. Nonetheless, the site claims to provide a demo account for traders to try out TeslaCoin without losing money on real trading. Another noteworthy promise made by the creators of TeslaCoin is that the site is absolutely free to use. TeslaCoin claims to have no account fees or transaction commissions. The only money needed to start a new account is a deposit of $250 to be used by the trader for real time trading. According to the Tesla Coin website, this trading platform employs AI to carry out crypto deals automatically. TeslaCoin uses the money deposited in the trader's account to initiate a deal. After the deal is completed, TeslaCoin exits the market and deposits the profits in the trader's account. Story continues Traders may hold on to the profits, withdraw them or use them for further transactions. Teslacoin's algorithm, like those of other similar crypto trading services, is most likely trained on years of crypto pricing data to enable the AI to find patterns that lead to predictable price changes in either direction. When the AI recognizes such patterns in current pricing data, it may initiate and close transactions depending on the way these patterns have previously played out. The website does not offer information regarding its previous trading performance. Traders may be able to utilize the platform's demo account to try out TeslaCoin and decide if the algorithm can consistently earn profits for them under current market trends. The platform has several distinctive features. The first is its trading function, which is completely automated. The Tesla Coin website claims that this trading platform can purchase and trade Bitcoin, Ripple, Ethereum, and Cardano entirely on its own. Traders do not need to take any action manually while using TeslaCoin. According to the website, traders simply need to sign in momentarily each day to monitor their accounts. This would significantly cut the amount of time traders would have to spend monitoring the cryptocurrency market. It promises to be suitable for both novice and expert cryptocurrency traders. This makes sense considering that users are expected to have little to no physical involvement. The app promises to do everything for the trader - from placing trades to closing them. According to TeslaCoin , a dedicated account manager has been allocated to each user. This account manager will help newbies in learning how to use the site. It has a good demo trading account. Anybody who wants to trade with TeslaCoin must utilize Teslacoin's demo trading capabilities. This account provides virtual money that allows users to buy and sell virtual currencies in a way similar to a real trading session. Users may learn about the platform and the bitcoin market by practicing on a demo trading account. Novice traders learn to make trades, learn from their mistakes, and get acquainted with the platform using only virtual currency. Even if consumers have prior crypto trading expertise, it is important to note that each platform is unique and operates in a different manner. It is critical to do a test run before trading in real time. According to the TeslaCoin website, all traders are given access to a proper trading account. This account may be used to analyze this crypto trading platform without risking funds in actual transactions. It also allows traders to study how the platform operates before jumping into actual trading. In addition to Bitcoin, the Tesla Coin app enables investors to trade some of the market's most popular altcoins, such as Ethereum, Litecoin, Bitcoin Cash, Binance Coin, Bitcoin Gold, Ripple, IOTA, NEO, ADA, EOS, Dash, and ZCash. Traders can trade in several cryptocurrencies on the platform. Its versatility makes it more appealing to investors looking for greater opportunities with a number of options. The network of reliable brokers available on TeslaCoin assists investors through the whole trading process if complications arise. Each user is assigned a broker, who has a team of professionally competent individuals. Open Your Tesla Coin Account Now From The Official Site These brokers have a thorough grasp of the financial market and can start and execute transactions with laser precision. TeslaCoin traders may take advantage of expert brokerage services. Traders are free to withdraw funds from their accounts at any moment. Withdrawals are completed immediately, and funds are credited to the trader's account. TeslaCoin is distinctive among crypto trading platforms in that it claims to have no joining costs. According to the creators of TeslaCoin, traders will not have to pay account fees or give up a portion of their earnings to use TeslaCoin. It is unclear how TeslaCoin earns money, but this approach has the potential to be highly profitable to traders. In terms of registration, one of the most significant promises made by TeslaCoin on its website is the free-to-use platform. According to TeslaCoin, traders are not required to pay joining fees, trading commissions, or profit commissions. TeslaCoin additionally does not charge deposit or withdrawal fees. To open a new account with TeslaCoin, all traders must deposit at least $250. This money is not a joining fee. It is for traders to be able to trade real time. It funds their trades. If traders decide TeslaCoin isn't for them, they may withdraw their funds at any moment. The signup form is available at the top of the home page. People need to fill up this form to join the TeslaCoin platform. To open a new account, traders must provide their real names, a valid email address, and phone number. After the account is verified, funds will be needed. tobe added so that they can begin trading in real time.. Deposits may be made through bank transfer, debit or credit card. TeslaCoin claims that there are no deposit fees and that funds may be taken out at any time. TeslaCoin suggests that traders begin by using the site in demo mode. This is a chance to learn more about TeslaCoin and how the platform operates. Traders may also keep watching TeslaCoin's activities to learn and understand its performance in the present market. When traders are ready to start trading with real money, they may turn on live trading on the dashboard. Once enabled, TeslaCoin will instantly begin making transactions using money from a user's account. The profits from trades are paid to the trader's account once TeslaCoin concludes them. Traders can withdraw cash from their accounts at any moment. Withdrawals are handled instantly and are fee-free. Teslacoin's creators say that the trading platform uses artificial intelligence to make crypto deals automatically. It uses money from a trader's account to initiate a deal. After the deal is finished, TeslaCoin automatically exits and deposits all funds, including any gains, to the trader's account. Traders may then retain the funds in their account to be reused for future transactions, possibly compounding the value of their account. Alternatively, they might withdraw the gains to their bank accounts. There is no information about the success or win rate on the website. Therefore, users are cautioned to use the app carefully since crypto trading is risky and losing trades is unavoidable - newbies should only spend what they can handle losing. TeslaCoin traders should also be aware that earnings from cryptocurrency trading are taxable in several jurisdictions. According to the creators, joining this platform is absolutely free and includes a demo mode that allows users to test the platform before investing real money. Moreover, the trading platform concentrates on large cryptocurrencies, such as Bitcoin, which are known to be unstable and provide several options for fast-paced trading. Traders are advised to trade using a demo account in order to avoid losses. Traders with very few resources may benefit more. They may borrow funds from their broker and speculate to make more money than their budget would allow. This is also known as leverage trading, and it provides users with an edge. Moreover, the trading software is simple and free to use. To begin trading, the trader must first join by filling up the form on the home page and fund the trading account. The firm does not charge commissions or brokerage on transactions. The platform does not charge any withdrawal fees, and the trader may withdraw 100% of the winnings. According to the Tesla Coin creators of this digital trading platform, their customer support is always open for its consumers , and they may contact them at any time with questions. The reader
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-03-12
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $395,754,383,106
- Hash Rate: 348559824.50563854
- Transaction Count: 265555.0
- Unique Addresses: 621363.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.33
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin plunged nearly 5% over Thursday night following a Wednesday late notice filed by major industry bank Silvergate Capital that expressed doubts about the future of its business.
In line with Bitcoin, the total market capitalization for crypto assets fell 4.6% from $1.06 trillion to $1.02 trillion between 8:18 p.m. to 9:05 p.m. Thursday New York time.
Bitcoin hasn’t plunged so fast and sharp since the price fell by 4% from $20,538 to $19,704 on the morning of November 8 as FTT, the token for crypto exchange FTX, faced massive withdrawals.
Bitcoin (BTC-USD) is changing hands at $22,381, down 4.3% for the last 24 hours and 6.4% over the past week.
"After today’s drop, the pullback is close to 10%, and bitcoin is on pace to close below its 50-day moving average (DMA) for the first time in nearly two months," according to a Friday note from BeSpoke.
Over the past two days, the crypto market is coming to grips with the potential failure of industry-serving bank, Silvergate.
“Fortunately, Silvergate is not FTX. Silvergate is more of a fiat on/off-ramp for U.S. Dollars, rather than a key source of liquidity and volume for the entire crypto ecosystem,” said Michael Safai, a co-founder and partner of crypto proprietary trading firm Dexterity Capital.
The La Jolla, Calif., headquartered Silvergatesaid in a Wednesday late noticeit would further delay its annual report due to greater losses than it showed in January preliminary results in addition to “certain regulatory and other inquiries and investigations that are pending with respect to the Company” and its "ability to continue as a going concern for the twelve months following the issuance of these financial statements," according to the filing.
Through Thursday,major crypto exchanges and businesses quickly distanced themselves from Silvergate. The shares of the bank (SI) has fallen 62% from Thursday morning to Friday's open from $13.50 to $5.14.
Further exacerbating Silvergate’s business challenges, Coinbase, Paxos, Galaxy Digital, Gemini, BitStamp, Crypto.com, Cboe Digital, GSR and Circle each issued statements saying they have cut ties with what was once considered a crucial banking partner for the sector.
Stablecoin issuer Circle added, it is “in the process of unwinding certain services with them.”
Separately, Binance US and Kraken would not comment on their exposure to Silvergate.
“There is some dismay around the Silvergate news, but it's not clear it would trigger strong selling,” Noelle Acheson, author of the Crypto Is Macro Now newsletter, told Yahoo Finance Friday.
Dexterity's Safal agreed: “It’s more a case of jaded traders digesting the news and not wanting to be left holding any potential ticking time bombs, but not understanding how this differs from the collapses of 2022."
Safai also suggested the response may have come from Asian markets reacting to the exodus of firms from Silvergate.
Over Thursday, March 2, $203 million in bitcoin long positions were liquidated or $198 million net of short liquidations — the most in a single day in three weeks — according to crypto derivatives aggregatorCoinglass.
As Acheson noted in her Friday newsletter, given little change of the ETH to BTC ratio, bitcoin's sharp drop hit the second largest cryptocurrency ether "in equal measure." Ether is changing hands at $1,570 per coin, down less than 4% for the past day as of Friday morning 8:30 New York time.
In a worst case scenario of Silvergate's failure, confidence could be shaken, causing some firms to yank capital from the market, Dexterity's Safai said.
“That in itself could impact liquidity, but that wouldn’t have a ripple effect per se, nor would it last very long,” he added.
More important for Acheson are the repercussions for banking access if a traditional bank were to “go under” due to its crypto activities.
“That would give regulators strong ammunition that crypto risks could become 'systemic' and any financial instiution serving the crypto industry could come up against new barriers,” Acheson explained over a messaging app.
"Uncertainty is currently high," she added.
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Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["All depositors in Silicon Valley Bank will have access to their funds starting Monday—as well as depositors of Signature Bank, which was also shut down Sunday by New York’s state chartering authority. The notice came in a joint statement delivered by U.S. Federal Reserve Chairman Jerome Powell, U.S. Treasury Secretary Janet Yellen, and Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg. The decision was made in consultation with President Joe Biden, according to a press release , which emphasized that the U.S. taxpayer will not bear any losses as a result of the resolution. “The U.S. banking system remains resilient and on a solid foundation,” the joint statement said, citing banking regulations established after the 2008 global financial crisis that “ensured better safeguards for the banking industry.” Signature Bank’s Stock Sinks 10% as Silvergate Prepares to Shut Down The closure of Signature Bank represents the third U.S. bank failure to take place within the past week, and the second financial institution to fall that’s central to the digital assets industry. Silvergate said it would voluntarily wind down operations and liquidate last Wednesday, vouching to pay back its depositors in full. Previously, the bank said that it would also discontinue the Silvergate Exchange Network (SEN). The SEN played a crucial role for crypto-native firms as a round-the-clock payment service for Silvergate’s clients. Signature Bank operates a similar service called Signet, a digital payments platform used for real-time payments by the institutions' clients. Though Silvergate and Signature were both popular institutions among crypto-native firms, Signature’s total assets of around $110 billion made the bank much bigger than Silvergate, which reported a total of $11 billion in assets as of the end of last year. This Week in Coins: After Silvergate and Silicon Valley Bank Collapse, Bitcoin and Ethereum Crash Cryptocurrency prices increased following the joint statements release. Bitcoin and Ethereum had risen 7.2% and 8.2% over the past day to around $21,850 and $1,580, respectively, according to CoinGecko . Story continues Stablecoin USDC also swelled towards its peg to the U.S. dollar, which it previously lost amid the collapse of Silicon Valley Bank. The price of USDC—the second-largest stablecoin by market capitalization— fell to $0.87 after its issuer Circle said $3.3 billion of the token’s reserves were held with the failed bank. Though depositors who held funds with Signature Bank will be protected when the institution reopens Monday, shareholders and “certain unsecured debtholders” will not be, the statement said, adding that the crypto-friendly bank’s senior management has been removed. The Federal Reserve Board said Sunday that additional funds will be made available to depository institutions that are eligible in order to assure they’re able to meet the needs of their depositors. “The Federal Reserve is prepared to address any liquidity pressures that may arise,” the organization stated in a press release, adding that the measures will eliminate “an institution's need to quickly sell [high-quality] securities in times of stress.” In a separate statement , the Federal Reserve Board released details about its so-called Bank Term Funding Program (BTFP), which offers bank loans of up to one year, where eligible institutions pledge U.S. Treasuries and other assets as collateral in exchange for loans in the amount of the assets’ face value. “These actions will reduce stress across the financial system, support financial stability and minimize any impact on businesses, households, taxpayers, and the broader economy,” the statement said.", "All depositors in Silicon Valley Bank will have access to their funds starting Monday—as well as depositors of Signature Bank, which was also shut down Sunday by New York’s state chartering authority.\nThe notice came in a joint statement delivered by U.S. Federal Reserve Chairman Jerome Powell, U.S. Treasury Secretary Janet Yellen, and Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg.\nThe decision was made in consultation with President Joe Biden, according to apress release, whichemphasized that the U.S. taxpayer will not bear any losses as a result of the resolution.\n“The U.S. banking system remains resilient and on a solid foundation,” the joint statement said, citing banking regulations established after the 2008 global financial crisis that “ensured better safeguards for the banking industry.”\nSignature Bank’s Stock Sinks 10% as Silvergate Prepares to Shut Down\nThe closure of Signature Bank represents the third U.S. bank failure to take place within the past week, and the second financial institution to fall that’s central to the digital assets industry.\nSilvergate said it would voluntarily wind down operations and liquidate last Wednesday, vouching to pay back its depositors in full. Previously, the bank said that it would also discontinue the Silvergate Exchange Network (SEN).\nThe SEN played a crucial role for crypto-native firms as a round-the-clock payment service for Silvergate’s clients. Signature Bank operates a similar service called Signet, a digital payments platform used for real-time payments by the institutions' clients.\nThough Silvergate and Signature were both popular institutions among crypto-native firms, Signature’stotal assetsof around $110 billion made the bank much bigger than Silvergate, whichreporteda total of $11 billion in assets as of the end of last year.\nThis Week in Coins: After Silvergate and Silicon Valley Bank Collapse, Bitcoin and Ethereum Crash\nCryptocurrency prices increased following the joint statements release. Bitcoin and Ethereum had risen 7.2% and 8.2% over the past day to around $21,850 and $1,580, respectively, according toCoinGecko.\nStablecoin USDC also swelled towards its peg to the U.S. dollar, which it previously lost amid the collapse of Silicon Valley Bank. The price of USDC—the second-largest stablecoin by market capitalization—fellto $0.87 after its issuer Circle said $3.3 billion of the token’s reserves were held with the failed bank.\nThough depositors who held funds with Signature Bank will be protected when the institution reopens Monday, shareholders and “certain unsecured debtholders” will not be, the statement said, adding that the crypto-friendly bank’s senior management has been removed.\nThe Federal Reserve Board said Sunday that additional funds will be made available to depository institutions that are eligible in order to assure they’re able to meet the needs of their depositors.\n“The Federal Reserve is prepared to address any liquidity pressures that may arise,” the organization stated in a press release, adding that the measures will eliminate “an institution's need to quickly sell [high-quality] securities in times of stress.”\nIn a separatestatement, the Federal Reserve Board released details about its so-called Bank Term Funding Program (BTFP), which offers bank loans of up to one year, where eligible institutions pledge U.S. Treasuries and other assets as collateral in exchange for loans in the amount of the assets’ face value.\n“These actions will reduce stress across the financial system, support financial stability and minimize any impact on businesses, households, taxpayers, and the broader economy,” the statement said.", 'By Ambar Warrick Investing.com --The dollar fell sharply against a basket of currencies on Monday as markets reassessed their outlook for future interest rate hikes by the Federal Reserve, amid growing expectations that the central bank will reconsider its hawkish rhetoric in the face of a looming banking crisis. Traders were now pricing in a greater chance that the Fed will raise rates by 25 basis points bps when it meets next week, a sharp reversal in the 50 bps expectations being priced in earlier. The trend comes as the collapse of Silicon Valley Bank (NASDAQ:SIVB) highlighted the deepening economic cracks caused by a sharp increase in interest rates over the past year. The dollar weakened sharply against a basket of currencies, with the dollar index and dollar index futures down 0.7% and 0.8%, respectively. The two were trading at over two-week lows. Short-term Treasury yields also plummeted from recent highs, while long-term yields firmed on the prospect of a potential pause in further interest rate hikes. The U.S. Treasury and the Fed had over the weekend announced emergency funding measures for the banking sector, after the sudden collapse and regulatory seizure of SVB last week. The White House also said it will ensure that depositors in the bank are made whole, and that SVB customers will have access to their deposits starting Monday. But markets now questioned the scope for further monetary tightening in the U.S., given that more rate hikes are likely to cause more economic damage. Goldman Sachs analysts said that they no longer expect the Fed to hike rates this month, and expressed uncertainty over the path of monetary policy given the recent stress on the banking sector. Analysts at ING said that a 50 bps hike when the Fed meets on March 22 appeared unlikely, but said that a 25 bps raise was still on the cards. The Fed will convene for an emergency, closed-door meeting later on Monday, the results of which are expected to provide more insight on the central bank’s actions going forward. Story continues Focus this week is also on consumer price index inflation data for February, after jobs data released last week showed some cooling in wage growth . Related Articles Dollar slumps, rate hikes in question as Fed limits SVB fallout Bitcoin, USDC stablecoin rally after US intervenes on SVB Dollar weakens after U.S. jobs data suggests slower rate hike path', 'By Ambar Warrick\nInvesting.com --The dollar fell sharply against a basket of currencies on Monday as markets reassessed their outlook for future interest rate hikes by the
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-03-13
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $434,383,127,250
- Hash Rate: 339899953.08934945
- Transaction Count: 333107.0
- Unique Addresses: 725571.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.49
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: DeGods , the most valuable NFT project on Solana , has a history of announcing unexpected twists—from upgrading its artwork to buying majority control of a BIG3 basketball team , and even recently putting some of its previously-burned NFTs on Bitcoin . But the project’s creators delivered one hell of a Christmas surprise: DeGods will leave Solana . On December 25, DeLabs founder Rohun “Frank” Vora revealed his latest “social experiment,” announcing that DeGods NFTs would be “bridged” over to Ethereum —the largest and most valuable NFT market, with projects like the Bored Ape Yacht Club and CryptoPunks . Meanwhile, y00ts will be moved over to Polygon , an Ethereum scaling network that’s recently gained traction with brands like Starbucks, Meta, and Nike. The DUST ecosystem token tied to both projects will also be bridged to both Ethereum and Polygon. Few concrete details about the migration have been announced since then, but for the first time, Frank and Dust Labs CEO Kevin Henrikson exclusively discussed the motivations behind the move with Decrypt and explained the upcoming process. Not ‘if,’ but ‘when’ When DeGods launched in late 2021, Solana was near its all-time high price and its NFT scene was rapidly expanding . By the time it became Solana’s most valuable large-scale NFT project last summer, SOL had lost considerable value and the wider NFT market was in freefall . In late December, soon after the move was announced, SOL had fallen about 97% from its peak price. Frank had previously tweeted about a potential migration amid Solana’s late-year struggles and faced considerable backlash from the community. Even so, rumors persisted as DeLabs continued fleshing out its actual plans. It's just the beginning. pic.twitter.com/F3vxzXQAOy — frankdegods.eth (@frankdegods) December 25, 2022 Henrikson told Decrypt that Solana was “a great place” to begin life, given the tooling on the network and the fact that its NFT community wasn’t as established as Ethereum’s. But he said that DeLabs had larger-scale ambitions that the team knew would likely someday lead the 10,000 NFT profile picture (PFP) project to the Ethereum ecosystem. Story continues “It wasn't about ‘if,’ it was just a matter of ‘when’—and that was even in the earliest days of DeGods,” he said. “If we're gonna be the biggest, most popular NFT collection in the world, you're gonna have to be on Ethereum.” DeGods Have Ascended: Solana NFT Project Soars Ahead of Buzzy y00ts Launch DeGods, which has generated nearly $150 million worth of trading volume on Solana, will soon enter the largest market for high-value NFT collections. Frank reaffirmed his goal of making DeGods the “number-one luxury NFT in the world.” Currently, a DeGods NFT on Solana starts at about $11,500 worth of SOL on the Magic Eden marketplace, but Yuga Labs’ Bored Ape Yacht Club PFPs on Ethereum start at 10 times that amount . It’ll be a new challenge to try and outshine ETH’s heavyweights, but that’s a big part of the appeal for DeLabs. Why Polygon? As follow-up project y00ts started making waves last summer , DeLabs received outreach from various blockchain networks about launching the NFT collection elsewhere. It ultimately rolled out on Solana, but DeLabs sought an eventual destination that could help that collection reach a broader audience and collaborate with sizable brands. Henrikson cited last year’s litany of brand announcements around Polygon, including NFT initiatives from Reddit, Meta, Starbucks, DraftKings, Disney, and beyond, and described it as an opportunity. Polygon’s ‘Secret Sauce’: Why Starbucks, Meta, and Reddit Chose the Ethereum Scaler He told Decrypt that moving to Polygon is “the fastest way to get connected to these companies because they'll be on the same chain.” Frank added that in addition to consumer brand deals, Polygon offers access to a growing slate of metaverse game platforms. Many y00ts visual traits were even left blank “so brands can imprint their logos on there,” Frank said. The project’s artwork was also designed to be broadly appealing—or “clean enough that I can sell pacifiers and diapers,” Henrikson explained of potential partnerships or licensing deals, but also “men's cologne and things that are more degen-centric.” Ultimately, DeLabs accepted a $3 million non-equity grant from Polygon Labs as part of the agreement to move y00ts to the network. Frank said that Polygon was “nowhere near the largest bidder in that regard” and that DeLabs chose the network for other reasons, but admitted that “it felt dumb to not take” the grant when so many networks were offering funds. DeLabs will use the funds to help grow its team and take some of the public-facing emphasis off of Frank, he said. Furthermore, DeLabs and Dust Labs will develop a Polygon NFT launchpad and help incubate new projects, as Polygon Labs President Ryan Wyatt recently discussed on Decrypt ’s gm podcast . It’s a move to grow the network’s NFT scene beyond brand apps. “The most powerful thing in crypto is aligned incentives,” Frank said. “I personally want to see y00ts succeed, but part of seeing y00ts succeed is seeing the rest of the ecosystem succeed.” How it works DeLabs has set a March 15 launch target for both the DeGods and y00ts bridges, but Henrikson told Decrypt that late March is more realistic. Up until now, it wasn’t exactly clear how the team planned to have users move NFTs between chains—particularly on the point of whether the NFTs could be moved back and forth between the supported chains. The bridging process via Wormhole will be an optional “one-way migration” from Solana to the new chain in both cases, Henrikson said, through a “burn and mint” process. Essentially, the Solana version of the PFP will be destroyed, and an identical version will be minted on the new chain and sent to the holder’s designated wallet. There’s no option to undo the migration. Holders can choose to keep their existing Solana NFT from either collection, but they will lose access to ongoing incentives and future benefits around the projects. For example, the staking rewards offered to both—the DUST token for DeGods and points for y00ts holders—will only continue to accrue for NFTs that have been bridged to Ethereum and Polygon. “You want to do the burn-and-mint,” Frank said, “and you want to have some type of incentive for people to get over there in the first week—so that it's like a proper party.” Henrikson said that Phantom wallet, which supports Solana and has added Ethereum and Polygon in beta , is ideal for this kind of transition as it can all happen in one interface. But the Wormhole process can work with other wallets, starting with any other Solana wallet and ending with the new NFT in the popular Ethereum wallet MetaMask , for example. What’s next? Frank said that DeLabs has purposefully been quiet about future plans ahead of the shift, but that the migration will herald the start of its next phase for both projects. “DeGods Season starts when we get to ETH, and y00ts Season starts when we get to Polygon,” he affirmed. Moving the projects from Solana to its new respective networks will also serve as a showcase for Dust Labs’ software and technology, Henrikson said, adding that the firm was founded with the ambition of being “all-chain or multi-chain.” 'Bitcoin Is the Best Brand in Crypto': Why DeGods NFTs Are Now on Bitcoin Dust Labs, which raised $7 million last year , will offer up its software across multiple chains for other brands and companies to use. He said that doors to potential new opportunities are opening up at a “much faster” rate than ever before, thanks in part to support from Polygon Labs and interest from brands that want to help grow the NFT space on that network. While the announcement agitated many Solana die-hards, Frank emphasized that the migration isn’t meant to be a firm goodbye to the original home of DeGods and y00ts. Any unredeemed y00t t00bs NFTs—which holders burn to spawn a y00ts PFP—will continue to live only on Solana, and Frank said that DeLabs would consider building future projects on the chain. Blur Overtakes OpenSea as Ethereum NFT Trading Skyrockets “We have so much love for Solana,” Frank said. “At times, it can feel very charged on the internet, but for us, it has nothing to do with that. We are honestly excited to see the mantle quote-unquote ‘passed off’ from us to another set of builders on Solana.” But DeLabs and Dust Labs see their future spanning multiple chains, and believe that the best place for DeGods and y00ts to grow is elsewhere. Frank said he’s never bought into the “Yuga [Labs] playbook” that many other NFT projects have tried to copy, and that his plan is to branch out in search of new conquests and potentially broader audiences. “Let's not get complacent here. Let's keep pushing the boundaries and trying things out that are new,” he said. “We're trying to take big swings, and we are trying to do it in a way that is going to make it exciting on the upside for people to participate.”...
- Reddit Posts (Sample): [['u/milonuttigrain', 'Every cycle there are loads of coins that were said to be "the next big thing" and even made it to top 20, just to be forgotten in a few years. What do you think about the current top 20? Any coin that won\'t be relevant in 2025?', 238, '2023-03-13 00:40', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/', 'Through out the history in recent cycle, so many coins has made it to top 20, being said to be "the next big thing" and never to be seen again.\n\nSome examples:\n\n* NEO - The "Chinese Ethereum": Reach ATH at $196.85 (5 years ago, in Jan 2018). It was on top 8 back then. Currently $10.13 (rank 62nd). Being said as the "Chinese Ethereum", built on a “smart economy”, "attracted interest from giants such as Alibaba and Microsoft". Now well forgotten.\n* EOS - Once a top 9 at market cap of $8.3B in Jan 2018. Once said "enormous upside *potential* in the future and has a place in every investor\'s portfolio", "conduct millions of transactions per second". Turn out to be a complete flop.\n* ICON - The "Korean Ethereum". Aimed to "hyperconnect the world", "powered by Loopchain, which is a high-performance enterprise blockchain with smart contract features". Once top 15, now well forgotten.\n* BCH - Bitcoin Cash promoted by Bitcoin Jesus Roger Vers. Once a top 4! Not much thoughts these days.\n* BTG - Bitcoin Gold, similar fate and even worse than BCH\n* IOTA - Once a top 10, designed for "Internet of Things", "potentially higher scalability over blockchain based distributed ledgers". IOTA has been the target of phishing, scamming, and hacking attempts with ton of down time. Now not much talks.\n* NEM - Used to be a top 7. Can\'t even recall the last time I read something about this.\n* QTUM - ditto\n* LISK - ditto\n* DASH - once said to be a rival of Monero. Pretty forgotten now.\n* BitConnect - no further explation needed.\n* NANO - once heavily shilled by this sub, "fast, feeless and environment friendly".\n\nTop 20 back in Jan 2018 (around 5 years ago):\n\n[Top 20, Jan-2018](https://preview.redd.it/8k0cng4i8ena1.png?width=736&format=png&auto=webp&v=enabled&s=21d9c096053692f2294a84282bb963092d8d2c4e)\n\nThis cycle we have another BitConnect, LUNA. Just that it refuses to die and become classic instead.\n\nThe current top 20 now:\n\n* Top 1-5: BTC, ETH, USDT, BNB, USDC\n* Top 6-10: XRP, ADA, MATIC, DOGE, BUSD\n* Top 11-15: SOL, DOT, DAI, SHIB, TRON\n* Top 16-20: LTC, AVAX, UNI, LEO, LINK\n\nFor the current cycle, which coins do you think won\'t be relevant in 3 years?', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/', '11ptql0', [['u/[deleted]', 10, '2023-03-13 00:44', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzq80t/', 'Most of em but I think ethereum matic and Bitcoin will do well and always monero', '11ptql0'], ['u/eat-sleep-rave', 14, '2023-03-13 00:46', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzqgkg/', "From the top 20, the **TRON** is completely irrelevant to me. I wouldn't buy it now even with a huge discount if I had to hold it for more than a year afterward", '11ptql0'], ['u/Justreadingcomment', 70, '2023-03-13 00:47', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzqju9/', 'NANO IS THE FUTURE.\n\nEdit: Banano*', '11ptql0'], ['u/Maxx3141', 200, '2023-03-13 00:47', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzql52/', "This will certainly turn into another Solana bashing post.\n\nSo let's add something more controversial: BNB should be gone. Not because of Binance, but because there is no reason to keep centralized ETH clones when we have real ETH L2s.", '11ptql0'], ['u/EmuGroundbreaking348', 37, '2023-03-13 00:48', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzqqe2/', "If I were to guess, I'd go with LEO, TRON and SHIB. \n\nGoing by my track record, they'll probably wind up top 10", '11ptql0'], ['u/StonedRex', 15, '2023-03-13 00:48', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzqsay/', "I love Banano, it's feeless, super fast and rich in potassium!", '11ptql0'], ['u/gkarq', 17, '2023-03-13 00:50', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzqzgr/', 'Not gonna lie that I still love the concept of IOTA and the use of DAG in its transactions. Still remember the hype around it in 2017!', '11ptql0'], ['u/bingbang456', 22, '2023-03-13 00:50', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzr1ut/', "If anyone says Matic I'm gonna lose my mind", '11ptql0'], ['u/milonuttigrain', 15, '2023-03-13 00:53', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzrd2z/', 'Paid member please post the Potassium intensifying gif', '11ptql0'], ['u/oachkatzalschwoaf', 25, '2023-03-13 00:55', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzrljo/', "Omg your examples: i still hold my NEO and ICON. With IOTA its worse as i havn't really stopped dca in.", '11ptql0'], ['u/milonuttigrain', 16, '2023-03-13 00:56', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzrr4m/', 'So you hold both Chinese Ethereum and Korean Ethereum…', '11ptql0'], ['u/astockstonk', 35, '2023-03-13 00:57', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzrwvo/', 'BTC and ETH are rock solid to be in the top 20. \n\nI think ATOM or DOT (and probably both) will be there. \n\nAfter that, I don’t have a clue.', '11ptql0'], ['u/oachkatzalschwoaf', 14, '2023-03-13 00:57', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzrxxf/', 'The hype is gone, but, despite some internal issues with the team from time to time, they are really working hard on their project and there is also progress which gives me hope that they might com back "some day"', '11ptql0'], ['u/gkarq', 12, '2023-03-13 00:59', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzs8bq/', 'Yheeep! I do follow IOTA from time to time, and as an architect myself I almost dream of a futuristic world of smart-cities powered by a smart-contracts or a coin like IOTA.', '11ptql0'], ['u/Snowbattt', 81, '2023-03-13 01:02', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzslun/', 'Not popular around here but I could see ALGO sink into nothingness', '11ptql0'], ['u/ETH_Knight', 65, '2023-03-13 01:05', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzswhi/', 'ETC is ethereum that refused the DAO fork. It wasnt an ethereum killer. It was ethereum lol\n\n\nhttps://qz.com/730004/everything-you-need-to-know-about-the-ethereum-hard-fork', '11ptql0'], ['u/osoese', 13, '2023-03-13 01:05', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzt0ew/', 'ETC - another "Ethereum killer" that killed itself, used to be top 18 in Jan 2018. \nlol tell me you don\'t understand what you are talking about in one small bulletpoint', '11ptql0'], ['u/ZealousidealFault468', 14, '2023-03-13 01:06', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzt5am/', 'Iota will come\n Back', '11ptql0'], ['u/bingorunner', 14, '2023-03-13 01:07', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzt9z8/', 'My guess is that there wont be any generic AI coins in the top 20 - mostly bc almost all the other coins in the top 20 by then will have adapted AI into their protocols, making AI specific coins irrelevent', '11ptql0'], ['u/philcsik', 13, '2023-03-13 01:08', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbztdnc/', 'ETC is the original chain and was never advertised as "ETH Killer", since it has the same updates (almost as ETH) but is on POW.\n\nETC has a fixed monetary policy and smart contracts on L1.', '11ptql0'], ['u/Odysseus_Lannister', 55, '2023-03-13 01:08', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzte45/', 'You used to be able to argue for cheapness and speed of ETH clones before L2s or roll ups but now the entire BSC chain is just a scam haven.', '11ptql0'], ['u/French_physicist', 51, '2023-03-13 01:10', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbztk9z/', 'Matic', '11ptql0'], ['u/French_physicist', 19, '2023-03-13 01:11', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbztp5y/', 'NANO is the past, the present and the future, all at once', '11ptql0'], ['u/Justreadingcomment', 33, '2023-03-13 01:11', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbzts4p/', '', '11ptql0'], ['u/philcsik', 13, '2023-03-13 01:12', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbztti1/', 'Also had to roll my eyes, as I read this shit.', '11ptql0'], ['u/bingbang456', 37, '2023-03-13 01:13', 'https://www.reddit.com/r/CryptoCurrency/comments/11ptql0/every_cycle_there_are_loads_of_coins_that_were/jbztzv1/', 'You son of ...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['By Chris Prentice and Amanda Cooper NEW YORK/LONDON (Reuters) -Global shares stemmed a five-session rout on Tuesday as bank shares rebounded and closely-watched U.S. inflation data was in line with expectations, bolstering bets of a smaller interest rate hike by the Federal Reserve at its meeting next week. Bond yields in the U.S. and the euro zone rose after plunging the previous day, curbing a crisis-driven rally in gold. Crude oil futures dropped over 4% to a three-month low. Data showed the U.S. Consumer Price Index (CPI) rose 0.4% in February versus 0.5% a month earlier. On a yearly basis, it rose 6.0% in February, compared with 6.4% in January. U.S. Treasury yields moderately extended gains following the data, indicating some expectation that the Fed could continue to raise rates but at a gradual pace. [US/] "The CPI report although in line and not perfect did not scream that they have no choice but to raise. The Fed still has options, which is a good thing," said Jamie Cox, managing partner for Harris Financial Group in Richmond, Virginia. Tuesday\'s broad gains in equity markets signaled a "relief rally," he said. The Dow Jones Industrial Average rose 336.26 points, or 1.06%, to 32,155.4, the S&P 500 gained 64.8 points, or 1.68%, to 3,920.56 and the Nasdaq Composite added 239.31 points, or 2.14%, to 11,428.15. All 11 major sectors in the S&P 500 ended the trading day higher. U.S. bank stocks jumped, recovering some ground after the failure of Silicon Valley Bank and Signature Bank triggered heavy selling by investors. European shares closed up 1.53%, notching their largest one-day gain since December and marking the first gain in four sessions. [.EU] European banks rebounded 2.5%, one day after their largest one-day sell-off in over a year. The MSCI All-World index reversed early losses to advance 0.84%, gaining for the first in six sessions. As recently as a week ago, investors were just recovering from a reality check that prompted many to assume rates around the world were likely to head much higher and stay there for longer than previously expected. Story continues "The 50-basis-point hikes are off the table for now. Markets are too fragile," Harris Financial Group\'s Cox said in a phone interview. In under a week, three U.S. banks have collapsed. It was the failure of technology-sector lender Silicon Valley Bank (SVB) that rattled investor confidence and triggered a rush into safe-haven assets like bonds and gold. On Tuesday, ratings agency Moody\'s cut its outlook on the U.S. banking system to "negative" from "stable." Banking stocks around the world have shed hundreds of billions of dollars in value in a matter of days, while the government bond market has seen one of its biggest rallies in decades. In afternoon trading, U.S. Treasury two-year yields rose 19.5 basis points (bps) to 4.225%, while the benchmark 10-year yield gained 12 bps at 3.637%. The yield curve extended its inversion in the wake of the CPI data as investors started to price in a rate hike next week. Germany\'s two-year yield rose to 2.883% after falling by 37 basis points a day earlier.[GVD/EUR] Expectations for the peak of the ECB deposit rate dropped to around 3.4% on Monday from 4.1% last Thursday, with markets betting central banks would soften their policy stance as they assess financial stability risks. The euro was up 0.01% on the day, having gained 1.51% in a month, while the dollar index, which tracks the greenback against a basket of currencies of other major trading partners, retreated 0.01%. The dollar rose 0.77% against the yen, with the yen pressured as recent safe-haven flows and Treasury yields reversed. Gold\'s safe-haven rally also dried up on Tuesday in the face of higher Treasury yields. Spot gold prices were last down 0.5% at 4:%1 p.m. EDT (2051 GMT). U.S. gold futures finished down 0.3% at $1,910.90. Oil prices were down on lingering concerns that a fresh financial crisis could reduce future oil demand. Brent futures, the global benchmark, fell 4.1% to settle at $77.45 a barrel, while U.S. crude settled down 4.6% at $71.33. They were the lowest closes for both benchmarks since Dec. 9 and their biggest one-day percentage declines since early January. In addition, both contracts fell into technically oversold territory for the first time in weeks. Bitcoin hit a nine-month high, taking gains past 30% in four sessions. New York’s financial regulator said its decision to close Signature Bank had “nothing to do with crypto." (Reporting by Tom Westbrook Editing by Sonali Paul, Mark Potter, Leslie Adler and Daniel Wallis)', 'By Chris Prentice and Amanda Cooper\nNEW YORK/LONDON (Reuters) -Global shares stemmed a five-session rout on Tuesday as bank shares rebounded and closely-watched U.S. inflation data was in line with expectations, bolstering bets of a smaller interest rate hike by the Federal Reserve at its meeting next week.\nBond yields in the U.S. and the euro zone rose after plunging the previous day, curbing a crisis-driven rally in gold.\nCrude oil futures dropped over 4% to a three-month low.\nData showed the U.S. Consumer Price Index (CPI) rose 0.4% in February versus 0.5% a month earlier. On a yearly basis, it rose 6.0% in February, compared with 6.4% in January.\nU.S. Treasury yields moderately extended gains following the data, indicating some expectation that the Fed could continue to raise rates but at a gradual pace. [US/]\n"The CPI report although in line and not perfect did not scream that they have no choice but to raise. The Fed still has options, which is a good thing," said Jamie Cox, managing partner for Harris Financial Group in Richmond, Virginia.\nTuesday\'s broad gains in equity markets signaled a "relief rally," he said.\nThe Dow Jones Industrial Average rose 336.26 points, or 1.06%, to 32,155.4, the S&P 500 gained 64.8 points, or 1.68%, to 3,920.56 and the Nasdaq Composite added 239.31 points, or 2.14%, to 11,428.15.\nAll 11 major sectors in the S&P 500 ended the trading day higher.\nU.S. bank stocks jumped, recovering some ground after the failure of Silicon Valley Bank and Signature Bank triggered heavy selling by investors.\nEuropean shares closed up 1.53%, notching their largest one-day gain since December and marking the first gain in four sessions. [.EU]\nEuropean banks rebounded 2.5%, one day after their largest one-day sell-off in over a year.\nThe MSCI All-World index reversed early losses to advance 0.84%, gaining for the first in six sessions.\nAs recently as a week ago, investors were just recovering from a reality check that prompted many to assume rates around the world were likely to head much higher and stay there for longer than previously expected.\n"The 50-basis-point hikes are off the table for now. Markets are too fragile," Harris Financial Group\'s Cox said in a phone interview.\nIn under a week, three U.S. banks have collapsed. It was the failure of technology-sector lender Silicon Valley Bank (SVB) that rattled investor confidence and triggered a rush into safe-haven assets like bonds and gold.\nOn Tuesday, ratings agency Moody\'s cut its outlook on the U.S. banking system to "negative" from "stable."\nBanking stocks around the world have shed hundreds of billions of dollars in value in a matter of days, while the government bond market has seen one of its biggest rallies in decades.\nIn afternoon trading, U.S. Treasury two-year yields rose 19.5 basis points (bps) to 4.225%, while the benchmark 10-year yield gained 12 bps at 3.637%. The yield curve extended its inversion in the wake of the CPI data as investors started to price in a rate hike next week.\nGermany\'s two-year yield rose to 2.883% after falling by 37 basis points a day earlier.[GVD/EUR]\nExpectations for the peak of the ECB deposit rate dropped to around 3.4% on Monday from 4.1% last Thursday, with markets betting central banks would soften their policy stance as they assess financial stability risks.\nThe euro was up 0.01% on the day, having gained 1.51% in a month, while the dollar index, which tracks the greenback against a basket of currencies of other major trading partners, retreated 0.01%.\nThe dollar rose 0.77% against the yen, with the yen pressured as recent safe-haven flows and Treasury yields reversed.\nGold\'s safe-haven rally also dried up on Tuesday in the face of higher Treasury yields. Spot gold prices were last down 0.5% at 4:%1 p.m. EDT (2051 GMT). U.S. gold futures finished down 0.3% at $1,910.90.\nOil prices were down on lingering concerns that a fresh financial crisis could reduce future oil demand.\nBrent futures, the global benchmark, fell 4.1% to settle at $77.45 a barrel, while U.S. crude settled down 4.6% at $71.33.\nThey were the lowest closes for both benchmarks since Dec. 9 and their biggest one-day percentage declines since early January. In addition, both contracts fell into technically oversold territory for the first time in weeks.\nBitcoin hit a nine-month high, taking gains past 30% in four sessions.\nNew York’s financial regulator said its decision to close Signature Bank had “nothing to do with crypto."\n(Reporting by Tom Westbrook Editing by Sonali Paul, Mark Potter, Leslie Adler and Daniel Wallis)', 'Bitcoin continued to gain momentum in Tuesday morning trading in Asia after a bounce back yesterday as regulators acted to backstop the U.S. banking industryfollowing failures at California-based lenders, a move that also helpedrestore parity to the USDC stablecoin.Most of the top 10 non-stablecoin cryptocurrencies gained. However, U.S. equities closed mixed on Monday, rattled by the bank failures, while speculation grew that the bank problem may cause the Federal Reserve to pause plans to raise interest rates.\nSee related article:Banks are bringing systemic risks to crypto, says Circle’s Disparte\n• Bitcoin surged 7.21% in the past 24 hours to US$24,251 at 09:00 a.m. in Hong Kong, according toCoinMarketCap data. The world’s largest cryptocurrency is up 8%
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-03-14
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $471,527,512,312
- Hash Rate: 316085306.6945542
- Transaction Count: 327892.0
- Unique Addresses: 728811.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.56
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: When faced with economic uncertainty, investors should turn their attention to utility stocks to buy. Hardly an exciting arena, these critical service providers literally keep societies running. Cynically, this sector benefits from a simple harsh reality: bad things erupt when people flip the switch and nothing happens. Further, utility stocks thrive on insulation from the trade-down effect. When consumers face financial woes, they dont always cut their spending cold turkey. Rather, they trade down their purchases until they reach an agreeable equilibrium between quality and pricing. However, no alternatives (save for going off the grid) exists for public utilities: youre either getting your services or youre not. Ultimately, then, this sector provides an attribute that so many seek today predictability. With that, below are the utility stocks that will be big winners in 2023. InvestorPlace - Stock Market News, Stock Advice & Trading Tips SRE Sempra Energy $158.98 DUK Duke Energy $101.42 D Dominion Energy $62.32 OGE OGE Energy $39.03 YORW York Water $45.76 EIX Edison International $67.53 NEE NextEra Energy $76.59 Sempra Energy (SRE) The logo for Sempra (SRE) is seen at the top of an office building. Source: Michael Vi / Shutterstock.com As one of the largest energy networks in North America, Sempra Energy (NYSE: SRE ) commands extraordinary relevance among utility stocks. For starters, you can look at the companys consumer base of more than 40 million people . More importantly, Sempra owns a considerable geographic advantage. Covering Southern California, you really cant operate in a more desirable part of the country. Combining an international borderline with a warm-sea port, the lower half of the Golden State is a veritable gold mine. And because of that, consumers no matter how much they complain about Sempra will find a way to pay up. Its either that or move to Idaho (something that Idahoans would prefer Californians not do ). Better yet, analysts for the most part appreciate SRE as one of the utility stocks to buy. Currently, Wall Street experts rate Sempra a consensus moderate buy. As well, their average price target implies a potential upside of 8%. When combined with the companys forward yield of 2.89% , SRE makes for an enticing idea. Story continues Duke Energy (DUK) The logo for Duke Energy (DUK) is seen on a sign at one of the company's offices. Source: Jonathan Weiss / Shutterstock.com An electric power and natural gas holding company, Duke Energy (NYSE: DUK ) represents a powerhouse name among utility stocks, in this case covering much of the east coast. According to its website, Dukes electric utilities serve 8.2 million customers in the Carolinas, Florida, Indiana, Ohio, and Kentucky. Similar to Sempra Energy above, Duke also enjoys a geographic advantage, particularly in terms of millennial migration patterns. Even before the coronavirus pandemic, young people from pricey metropolitan areas looked to more rural regions for lower costs of living. However, the Covid-19 crisis accelerated these financial concerns, thereby speeding up migration among younger age cohorts. With regions like the Carolinas attractive to millennials , Duke is positioned where the money will be. Currently, covering analysts rate DUK as a consensus moderate buy . As well, their average price target stands at $107.64, implying almost 7% upside potential. Notably, Duke carries a forward yield of 3.98% , making it one of the more attractive utility stocks to buy. Dominion Energy (D) a truck bearing the Dominion Energy logo Source: ying / Shutterstock.com Headquartered in Richmond, Virginia, Dominion Energy (NYSE: D ) is a power and energy firm supplying electricity in parts of its home state and the Carolinas. As well, it supplies natural gas to parts of Utah, Idaho and Wyoming, West Virginia, Ohio, Pennsylvania, the Carolinas, and Georgia. Per its website, Dominion serves nearly 7 million customers . To be fair, D stock hasnt exactly been a great performance, especially compared to other utility stocks. For instance, in the trailing year, Dominion shares gave up nearly 20% of equity value. That said, the fundamentals of millennial migration patterns bode well for the company. As an example, millennials have flocked to Georgia , in particular Atlanta. Many of the other states that Dominion covers also attract young workers and families. Admittedly, Wall Street analysts rate Dominion as a consensus hold. However, their average price target implies an upside potential of 10% . Combine this with the companys forward yield of 4.24% and you have a solid case for utility stocks to buy. OGE Energy (OGE) Person holding the glowing world in their hands with icons with different types of energy. Energy stocks; energy storage Source: PopTika / Shutterstock Headquartered in Oklahoma City, Oklahoma, OGE Energy (NYSE: OGE ) is a holding company with investments in energy and energy services providers offering physical delivery and related services for electricity in its home state and western Arkansas. Presently, OGE commands a market capitalization of $7.68 billion. While not the most exciting idea in the capital market, OGE more than holds its own against other utility stocks. In the trailing year, shares gained over 3%. To be sure, shares traded in a choppy manner throughout much of 2022. And while analysts arent exactly in love with the company rating it a consensus hold their average price target implies a potential upside of 6%. True, its not a blistering target. However, the company carries a forward yield of 4.32% . In addition, it enjoys 17 years of consecutive dividend increases, a status management will surely not want to give up on. Finally, on a fundamental level, OGE is undervalued , trading at a trailing multiple of 8.25 (below the sector median of 16.6). Thus, its worthy of consideration for utility stocks to buy. York Water (YORW) A photo of water being poured into a glass that's sitting on a table. Source: HQuality/ShutterStock.com Taking a dive into the smaller side of utility stocks, the Pennsylvania-based York Water (NASDAQ: YORW ) is an investor-owned public utility that provides water and wastewater management solutions. It serves an estimated population of 190,000 through approximately 66,000 service connections across 48 municipalities. While definitely not the most invigorating example within the utility sector, for slow-and-steady reliability, its hard to beat. As well, York Water offers a small piece of American history. Per its public profile, the company carries the distinction of being the oldest investor-owned utility in the nation. It also has the longest record of consecutive dividends since 1816. Thats quite a record, needless to say. Back to the present day, York could use some shoring up of its balance sheet. However, it also features excellent profitability metrics. For example, the companys net margin of 31.64% ranks above 94% of the competition. Now, with a forward yield of 1.79% , York isnt the most generous among utility stocks. Still, if youre seeking a steady anchor, YORW deserves further investigation. Edison International (EIX) A concept image of electricity flowing between two disconnected electric cables. Source: ESB Professional / Shutterstock.com Based in Rosemead, California, Edison International (NYSE: EIX ) represents a public utility holding firm. Among its divisions stands Southern California Edison, which is one of the largest electric utilities in the U.S., serving about 15 million people. Thanks to providing for the economic powerhouse of the nation, EIX performed well, gaining nearly 8% in the trailing year. Moving forward, Edison offers an attractive profile for investors seeking dependable utility stocks. First, Wall Street experts maintain generally positive views of EIX, rating shares a consensus moderate buy . Admittedly, their average price target of $70.71 (implying a 5.5% upside) isnt that hot. However, the company makes up for this with a forward yield of 4.4% . Significantly, this ranks above the average 3.75% average yield of utility stocks. As well, Edison features 19 years of consecutive dividend increases, a status management will surely want to keep going. As an added bonus, EIX also pings as objectively undervalued. Currently, the market prices shares at 14 times forward earnings , below the sector median of 16.6 times. NextEra Energy (NEE) An image of a hand holding a light bulb wrapped in leaves, surrounded by green energy source icons Source: maeching chaiwongwatthana/Shutterstock According to the U.S. Energy Information Administration, most of the electricity produced in this country stems from natural gas, nuclear energy, and coal . Barring dramatic innovations, this narrative might not change in our lifetimes. Still, NextEra Energy (NYSE: NEE ) would like to move the needle to the renewable spectrum of the energy value chain. As one of the biggest capital investors of clean and renewable energy infrastructures, NEE easily ranks among the most relevant utility stocks to buy. Better yet, Wall Street analysts unreservedly support NextEra. Not only do they rate shares a consensus strong buy , but its also unanimous among nine experts. As well, their average price target stands at $97.33, implying nearly 18% upside potential. To be fair, NextEra doesnt offer the greatest forward yield among utility stocks at 2.06%. However, with a payout ratio of 50.19% , its likely a reliable form of passive income. Plus, the company is on a 29-year streak of consecutive dividend increases. Again, management wont give that up without a fight. On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . A former senior business analyst for Sony...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['African Fintech company Chipper Cash, which was doubly backed by collapsed financial giants FTX and Silicon Valley Bank, may be experiencing some financial troubles. Or is it?\nChipper Cash CEO Ham Serunjogi put out astatementon Sunday claiming that the recent failings of both Silicon Valley Bank and Silvergate Bank, while chaotic, had an “insignificant” effect on the payments company.\n“We had a very limited amount of money (only about $1M) held in our SVB account at the time the bank was taken over by the California regulator,” explained Serunjogi. And while SVB was an investor in Chipper, its funds were delivered immediately.\n"What is happening now doesn’t change that," he wrote. "Additionally, SVB wasn’t the only investor in that round."\nChipper appears to have had no exposure to Silvergate.\nMeanwhile, a TuesdayBloombergreport citing "people familiar with the matter" claimed that the company is weighing a possible sale. However, an official response from the company to the outlet asserted that Chipper Cash has “never sought to be acquired.”\nChipper did not respond to a request for comment fromDecrypt.\nNew Crypto Venture Fund to Invest in African Startups\nChipper Cash is an app for sending and receiving payments across Africa. It also allows users to send and receive crypto and to buy cryptocurrencies including Bitcoin, Ethereum, and USDC within the app.\nAll three cryptocurrencies suffered in the aftermath of SVB’s failure on Friday, but quickly recovered after the Federal Reserve confirmed a uniform bailout for all of the bank’s depositors.\nAmid the weekend turmoil, the CEO added that customer operations were not interrupted by SVB’s failure, and that the firm has multiple other banking partners in the United States. Nevertheless, he said, SVB played a special role in supporting the company, particularly in its early days.\nBitcoin Surges Nearly 20% Following Silicon Valley Bank \'Bailout\'\n"Five years ago when I was trying to open Chipper’s first bank account, SVB was the only bank that would accept us," Serunjogi wrote. "I know there are countless other startups all doing very important work who would say the same thing."\n"it is quite sad to see such a pillar of our ecosystem brought to its knees," he added.\nIn 2021, Chipper became Africa\'s "most valuable startup" when it closed a$100 million Series Bled by SVB. Nevertheless, Serunjogi said the bank owns just 2% of Chipper.\nLike many crypto startups, Chipper has weathered some standard bear market troubles. After raising an additional$150 million from FTXin late 2021, the defunct exchange marked Chipper’s valuation down from $2 billion to$1.25 billion13 months later. During the same month, Chipperlaid off12.5% of its workforce.', 'African Fintech company Chipper Cash, which was doubly backed by collapsed financial giants FTX and Silicon Valley Bank, may be experiencing some financial troubles. Or is it? Chipper Cash CEO Ham Serunjogi put out a statement on Sunday claiming that the recent failings of both Silicon Valley Bank and Silvergate Bank, while chaotic, had an \x93insignificant\x94 effect on the payments company. \x93We had a very limited amount of money (only about $1M) held in our SVB account at the time the bank was taken over by the California regulator,\x94 explained Serunjogi. And while SVB was an investor in Chipper, its funds were delivered immediately. "What is happening now doesn\x92t change that," he wrote. "Additionally, SVB wasn\x92t the only investor in that round." Chipper appears to have had no exposure to Silvergate. Meanwhile, a Tuesday Bloomberg report citing "people familiar with the matter" claimed that the company is weighing a possible sale. However, an official response from the company to the outlet asserted that Chipper Cash has \x93never sought to be acquired.\x94 Chipper did not respond to a request for comment from Decrypt . New Crypto Venture Fund to Invest in African Startups Chipper Cash is an app for sending and receiving payments across Africa. It also allows users to send and receive crypto and to buy cryptocurrencies including Bitcoin, Ethereum, and USDC within the app. All three cryptocurrencies suffered in the aftermath of SVB\x92s failure on Friday, but quickly recovered after the Federal Reserve confirmed a uniform bailout for all of the bank\x92s depositors. Amid the weekend turmoil, the CEO added that customer operations were not interrupted by SVB\x92s failure, and that the firm has multiple other banking partners in the United States. Nevertheless, he said, SVB played a special role in supporting the company, particularly in its early days. Bitcoin Surges Nearly 20% Following Silicon Valley Bank \'Bailout\' Story continues "Five years ago when I was trying to open Chipper\x92s first bank account, SVB was the only bank that would accept us," Serunjogi wrote. "I know there are countless other startups all doing very important work who would say the same thing." "it is quite sad to see such a pillar of our ecosystem brought to its knees," he added. In 2021, Chipper became Africa\'s "most valuable startup" when it closed a $100 million Series B led by SVB. Nevertheless, Serunjogi said the bank owns just 2% of Chipper. Like many crypto startups, Chipper has weathered some standard bear market troubles. After raising an additional $150 million from FTX in late 2021, the defunct exchange marked Chipper\x92s valuation down from $2 billion to $1.25 billion 13 months later. During the same month, Chipper laid off 12.5% of its workforce.', "A federal judge in Florida has ruled in favor of a plaintiff who sued anonymous hackers and issued formal notice of the legal action via NFT, according to recent court filings.\nThe ruling, a default judgment from Judge Beth Bloom of the United States District Court Southern District of Florida, declares that the unidentified hackers are on the hook for the $971,291 worth of USDT (Tether) that they stole from plaintiff Rangan Bandyopadhyay’s Coinbase wallet in December 2021.\nThe perpetrators have been ordered to pay the equivalent amount back to Bandyopadhyay, with the amount set to accrue interest on that debt until it is paid in full.\nBecause of the blockchain, it remains unclear who these digital thieves were, let alone where they reside. That’s why Judge Bloom permitted them to be served via NFT in last week’s case, using the same on-chain addresses they used to steal from Bandyopadhyay.\nSee You in Court, Anon: UK Judge Allows Lawsuits via NFT Airdrop\nThe hackers tricked the plaintiff into linking his Coinbase wallet to a fake liquidity mining project, and then drained money from that wallet to their own. After several transfers, the funds ended up in a Binance Exchange Pool.\nJudge Bloom’s determination that NFTs constituted a legitimate form of legal notification for these defendants marks the first time an American federal court has allowed defendants to be served by NFT.\nPrior to last week’s ruling, aNew York county courtpermitted the practice early last year. Last summer, aU.K. court ruledthat NFTs are an acceptable method of notifying anonymous, on-chain defendants in that country.\nThe trend marks a turning point for legal systems that are desperately trying to catch up with a slew of new types of crime facilitated by blockchain technology. Crypto-savvy hackers routinely create elaborate networks of fake companies to persuade unsuspecting victims to link their wallets, which are drained shortly thereafter. In an ecosystem where even high-profile, legitimate actors routinely operate anonymously, it can be hard to discern the legitimate from the dubious.\nIt is even harder to get digital funds and assets back once they’re stolen.\nGovernments Have Been Seizing Stolen Bitcoin and Ethereum. How?\nBut, according to Fernando Bobadilla—the attorney who successfully represented Bandyopadhyay in last week’s case—the blockchain can be just as problematic for hackers as it so often is for their victims.\n“These fraudsters are usually outfits outside of the United States, and everything that they tell the victim is a lie about their own identity,” Bobadilla toldDecrypt. “But what they can't hide is the transfer of the funds via the blockchain. The ledger is there and they can't hide.”\nThe attorney is confident that he and his client are well on the way to recovering at least a portion of the stolen funds—though he wouldn’t elaborate on how that might be possible.\n“Us knowing where the crypto is sitting makes the entire collection strategy viable,” is all he would say.\nAmerican-based crypto companies like Circle, which issues stablecoin USDC, and Coinbase, the centralized crypto exchange, have previouslyfrozen fundsoraccountsat the behest of the American government. USDT, the cryptocurrency stolen from Bandyopadhyay’s wallet, however, is issued by Tether, a Hong Kong-based company; Binance, where those funds were purportedly deposited last year, has also previouslyfrozen stolen fundstransferred to its accounts, though the company has alsofamously avoidedclarifying its home country.", "A federal judge in Florida has ruled in favor of a plaintiff who sued anonymous hackers and issued formal notice of the legal action via NFT, according to recent court filings. The ruling, a default judgment from Judge Beth Bloom of the United States District Court Southern District of Florida, declares that the unidentified hackers are on the hook for the $971,291 worth of USDT (Tether) that they stole from plaintiff Rangan Bandyopadhyay\x92s Coinbase wallet in December 2021. The perpetrators have been ordered to pay the equivalent amount back to Bandyopadhyay, with the amount set to accrue interest on that debt until it is paid in full. Because of the blockchain, it remains unclear who these digital thieves were, let alone where they reside. That\x92s why Judge Bloom permitted them to be served via NFT in last week\x92s case, using the same on-chain addresses they used to ste
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-03-15
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $469,401,216,725
- Hash Rate: 318250274.5486265
- Transaction Count: 345059.0
- Unique Addresses: 750215.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.50
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Former Facebook exec turned VC Chamath Palihapitiya has long been a controversial figure in the investing world. Both brilliant and combative, Palihapitiya came to be known most widely by ushering in the era of special purpose acquisition companies, or SPACs, beginning in the fall of 2019, when he helped Virgin Galactic become a publicly traded company through a SPAC he formed.
Palihapitiya went on to take five more companies public via SPACs before the boom ended abruptly last year, and while investors who followed him into some of his SPACs lost money -- as did investors in many hundreds of others SPACs that materialized in 2020, 2021 and last year -- Palihapitiya reportedly doubled the roughly $750 million he invested.
Many blame him for aggressively promoting his own interests -- including during numerousCNBC appearances-- at the expense of less-sophisticated investors. Others continue to heed his investing advice, considering that Palihapitiya seems adept at identifying investing opportunities early. (This editor recalls his appearance in 2014 at a packed Bitcoin conference in San Francisco where he argued that everyone should have 1% of their assets in Bitcoin. At the time, each Bitcoin was valued at $520.)
Both camps might be interested in a recent appearance by Palihapitiya at aninvesting conferencein Miami where he said he thinks up to seven years of high interest rates would be good for the venture industry, that America's deteriorating relationship with China is a boon for the country and where he was asked about generative AI. His comments below have been condensed for length and clarity. You can check out the full interviewhere.
On the impact of higher interest rates:
[The tech industry] has actually counterintuitively built better businesses during periods of high rates because there are fewer allocators that come to our part of the market because [investors] can find better risk-free rates [elsewhere]. And in the absence of this surfeit of capital, it forces each individual company to just be better managed. So we become as an ecosystem more intolerant of excess, and that creates better-run businesses, and we haven't had that cycle for probably 14 or 15 years, and we desperately need it.
There are a couple of dirty little secrets [in the venture industry]. One of them is that only 10% of all of the firms in our asset class actually generate real returns, which means 90% are basically floundering around, burning money.
The other thing is that we have always generated a high-single-digit DPI [a term used to measure the capital a fund has returned thus far to its investors] -- 1.7x is like the 30-year average -- yet we are the worst offender when it comes to showing [the institutional investors who fund VCs] paper markups or TVPI [meaning both realized profits and paper profits]. So there is this dance that this industry has been able to play because rates have been at zero, [but] as investors, the asset class is challenged [because] as a result of all this excess capital, [startups have been] more poorly run than otherwise, so we need to course correct. We need these rates to be sustained for 5, 6, 7 years, frankly, hopefully, in order to really flush it through the system.
On what Palihapitiya thinks now of crypto, SPACs and other innovations that investors poured into in recent years:
Early-stage venture -- largely in healthcare and software and deep tech and recently energy transition -- that's been our bread and butter. But we sometimes go a little off-piste. In early 2011, I went off-piste and made a huge bet in Bitcoin when it was $80 a coin. It just seemed like just an unbelievably massive risk reward. We did the same thing in the mid 2000s; we did it in SaaS and in deep tech.
[With] SPACs, we stumbled into this thing because we wanted to raise money for a bunch of our companies that were extremely capital intensive, and we demonstrated something that, in a moment, just caught a lot of wind. We did six of them. I think there were 650 of them just in 2021, so we [represented about] 1% of the market. I think we bought good companies; I think we sold well, quite honestly. But it's one of these things where it was fueled by a moment in time of just enormous excess liquidity. And now I think we're sort of back to basics.
On what he makes of the later-stage market right now:
At the end of last year, I looked at six or seven [convertible notes]. These were all extremely well-known companies, and they all came to me trying to raise converts. And I said, 'Well, here's the real market-clearing price of these companies,' and none of them took my money. And instead, they did a convert to basically deflect and kick the can down the road on valuation.
So we're at that point in the market where all the boards of these private companies refuse to budge on valuation. And the reason is because it impacts meaningfully their DPI or their TVPIs that they've given to LPs. And so it's a very difficult part of the private markets right now to invest in, because you will not be allowed to do true price discovery because nobody wants to take the real hits.
. . . . [And for LPs] this is now just money bad. And when [more venture] folks leave the market, those companies now become more prone to get repriced accurately . . . [But] I honestly think that's like three years away. I thought it was going to be three quarters away. At first, when we were thinking about, like, how much capital are we really going to be allocating over this next period, we cut it by two-thirds, because we just didn't see the opportunities in the late stage anymore.
How he thinks about America's deteriorating relationship with China and the accompanying technology bans being advanced:
It's an unbelievable boon for America. And it's unbelievable boon for America's technology sector. The thing is, when you look inside of China, they are extremely good at process engineering. They're also extremely good at additive manufacturing. They're extremely great at things like specialty chemicals, but all of those things, the precursors come from American, European and Australian companies that now have a huge incentive to diversify that supply chain away from China, [and that] benefits American companies in a massive way.
China's response is [so far] muted. So for example, we said, 'We are going to slow down the flow of extremely advanced semiconductor manufacturing equipment into China,’ and China's response was, 'We are not going to allow you guys to get the input components to certain silicon wafers that are used in PV cells.' I mean, if you had to rank these things, no offense, but we can make solar cells. The equipment that you need to get to two-nanometer scale in chip design comes from the Dutch, the Germans and the Americans.
On ChatGPT and the generative AI craze more broadly:
What ChatGPT shows you is just the amazing value in allowing computers to assist you in doing work. It's like a calculator replacing the abacus replacing a pen and paper. [But a] friend of mine told me this [Warren Buffett quote] yesterday, which I love. He told the story about refrigeration and the story he tells is that the people and the person who invented refrigeration made some money. But most of the money was made by Coca-Cola, which used refrigeration to build an empire. And I view these large language models as refrigeration. Will there be some money made in it? I think so. But the "Coca-Cola" has yet to be built. And those are the companies that are really going to monetize it.
Here's a basic thing about machine learning that's worth knowing: If you take 1,000 of the same inputs and give it to Facebook and Microsoft and Google and Amazon, they'll all come up with the same machine learning model. But if you have one extra thing, one little ingredient that all of those other companies don't have, your output can be markedly different. It's like giving two great chefs three ingredients; when you give a third chef one extra one, that person has the ability to do something very special. So right now we're in the world where everybody is crawling the open web, [but] we're going to move to a world where as everybody gets sophisticated enough, where when refrigeration is widely available, someone is going to say, ' You know what? This site? I'm not going to allow anybody else to access it; it's only me, only for my models.' And those models will become better. We have to let that play out a little bit....
- Reddit Posts (Sample): [['u/Nullius_123', 'Why might a government want to stop you buying crypto?', 14, '2023-03-15 00:24', 'https://www.reddit.com/r/CryptoCurrency/comments/11rf97e/why_might_a_government_want_to_stop_you_buying/', "The UK banks are falling into line. They mostly limit customers' access to crypto to £1000 per day. Another one announced this today. Some don't allow transfers to crypto exchanges at all. They claim this is about protecting against fraud, but this looks like a very thin argument. Doubtless we'll be hearing the same argument from some other countries too.\n\nIt appears to me more likely that the government is trying to close the on and off ramps. Why? What are they afraid of? They certainly don't seem to be too bothered about making their people poorer.\n\nThe answer: losing control of the money supply. If the public are losing trust in the banks; inflation is not under control; and (in Britain) the country is facing economic decline, many people will want to put their wealth into assets that are not denominated in the local fiat currency. A stampede into Bitcoin would be very troubling for a central bank that does not own any.\n\nSo, we could be in for a period of difficulty - getting money into and out of crypto might be harder for a while as governments vie with the crypto community. The outcome is far from assured. \n\nMaking things illegal does nothing to stop demand. The very act of trying to prevent people from buying Bitcoin says much about how in demand it is and the advantages it offers. There will be workarounds.\n\nThere is also a good chance that some smaller countries' central banks will start to hold Bitcoin. Once (if) this happens the floodgates will open and laws passed in Washington or London will be as effective tissue paper in a rainstorm.", 'https://www.reddit.com/r/CryptoCurrency/comments/11rf97e/why_might_a_government_want_to_stop_you_buying/', '11rf97e', [['u/iwontsaysiimfine', 13, '2023-03-15 01:18', 'https://www.reddit.com/r/CryptoCurrency/comments/11rf97e/why_might_a_government_want_to_stop_you_buying/jc87tzd/', 'Control. Is reddit working wgain', '11rf97e'], ['u/Korvacs', 11, '2023-03-15 01:39', 'https://www.reddit.com/r/CryptoCurrency/comments/11rf97e/why_might_a_government_want_to_stop_you_buying/jc8aj5t/', "The daily limit in the UK that most banks are setting is £5,000. So over £1.8 million annually. \n\nI don't really see that as being a problem that impacts the vast majority of people. If you're struggling with the fact that you're limited to spending £150,000 a month then I'm sorry, you're living on another planet compared to most people here.\n\nAnd as for what the UK Gov is actually trying to achieve with Cryptocurrency regulation, you can read about it here https://www.reddit.com/r/CryptoCurrency/comments/11khcxj/uk_gov_consultation_future_financial_services/", '11rf97e']]], ['u/Far_Breakfast_5808', "ELI5: How does manipulation of Bitcoin's price actually work?", 101, '2023-03-15 00:41', 'https://www.reddit.com/r/Buttcoin/comments/11rfajy/eli5_how_does_manipulation_of_bitcoins_price/', 'In recent times there have been so many counterintuitive events related to the price of Bitcoin. For example, within the last few days it\'s rallied from 20K to as high as 26K (it\'s currently down to 24K). That\'s despite the fact that Silvergate and Signature both collapsed. You\'d think either or both would cause Bitcoin\'s price to fall, but instead it had the opposite effect.\n\nNow I understand that the sub is a bit tired about talking about the price of Bitcoin. I know it keeps saying that BTC\'s price is manipulated. However, this is what I\'m not exactly understanding, so I\'d like to get an ELI5 on this: how exactly does Bitcoin price manipulation work anyway? And assuming no one knows the real answer, what could be possible ways and methods on how the price is manipulated? And finally, what does "Tether printing" have anything to do with all of this?', 'https://www.reddit.com/r/Buttcoin/comments/11rfajy/eli5_how_does_manipulation_of_bitcoins_price/', '11rfajy', [['u/KissmySPAC', 14, '2023-03-15 00:47', 'https://www.reddit.com/r/Buttcoin/comments/11rfajy/eli5_how_does_manipulation_of_bitcoins_price/jc8640t/', 'Wash trading isn\'t illegal in crypto like it is in stocks. Think of it as something like a tennis match. Except the players are the same person. The ball is the price action going back and forth. If the move to the top side of the court, the price goes up, and if they move to the down side, the price goes down. The price is always dictated by the last trade no matter the size. It doesn\'t matter how much is traded, but rather the price. It\'s called "making a market". It\'s why most stock traders go by the VWAP method for chart analysis. VWAP combines volume and weight or size of the trades. Even though it\'s illegal in stocks, it\'s difficult to prove tampering.\n\nThis doesn\'t even include Binance\'s fictitious books and audit.', '11rfajy'], ['u/greyenlightenment', 15, '2023-03-15 01:02', 'https://www.reddit.com/r/Buttcoin/comments/11rfajy/eli5_how_does_manipulation_of_bitcoins_price/jc86ewq/', "It's a giant casino. Nothing of value is produced, nor does price change represent the creation of economic value. There is not much more to it than that.", '11rfajy'], ['u/DrBraw', 19, '2023-03-15 01:03', 'https://www.reddit.com/r/Buttcoin/comments/11rfajy/eli5_how_does_manipulation_of_bitcoins_price/jc86fxt/', 'since exchanges are opaque, unregulated and owned by borderline criminals we have no way to validate trades parties, it’s reasonable to assume the price can and will be manipulated whenever possible… have you noticed that price surges in a steep way but goes down slowly?', '11rfajy'], ['u/Far_Breakfast_5808', 11, '2023-03-15 01:18', 'https://www.reddit.com/r/Buttcoin/comments/11rfajy/eli5_how_does_manipulation_of_bitcoins_price/jc87s83/', "My question wasn't if manipulation exists, my question is *how* this manipulation works (assuming it does).", '11rfajy'], ['u/PA2SK', 89, '2023-03-15 01:31', 'https://www.reddit.com/r/Buttcoin/comments/11rfajy/eli5_how_does_manipulation_of_bitcoins_price/jc89e24/', 'No one knows EXACTLY how it works, because exchanges do their best to keep that secret, but we can infer certain things. One way is likely wash trading, they have bots that will trade billions of dollars worth of tokens back and forth between each other. There have been a few studies showing inflated volumes on exchanges and linking it to corresponding price hikes in crypto, that\'s probably wash trading.\n\nAnother possibility is using stablecoins like tether, which are simply printed out of thin air, to buy up crypto on exchanges. That pushes the price up, which causes people to FOMO in, which pushes it up even more. At that point they can dump Bitcoin on them and cash out for real USD on the top. \n\nAnother way is to limit or outright halt trading to prevent people selling. You see this when there\'s a big crash and all the exchanges shut down due to "technical issues". That stops people selling until they can prop the market up again.\n\nThat\'s three ways, most likely there\'s more.', '11rfajy'], ['u/Background_Aside_825', 53, '2023-03-15 01:33', 'https://www.reddit.com/r/Buttcoin/comments/11rfajy/eli5_how_does_manipulation_of_bitcoins_price/jc89smu/', 'To answer the tether question, maybe the following thought exercise helps make it clear.\n\nFirstly, understand that it\'s relatively rare to trade USD directly for bitcoin, especially now that crypto is losing all of its USD banking. The actual trading pair is with stablecoins, including tether, and then because they\'re ostensibly worth $1USD this is treated as equivalent with a USD pair for price charts. When you see the price of BTC, it\'s how many USDT tokens people are using to buy BTC, not necessarily dollars. This is important, keep it in mind.\n\nNext, what does "printing tethers" mean? It means tether is making new USDT, presumably without any USD involved. Thus it costs them nothing to have vast sums of tokens to use however they feel is appropriate... Let\'s just assume that these new issuances are partially or wholly unbacked for the sake of argument, many people assume this including some cryptobros, there\'s plenty of (somewhat weak, which is unsurprising given how opaque they are) evidence that they are undercollateralized but it\'s a huge tangent. \n\nSo then how does this lead to price manipulation?\n\nWell, either by distributing it to partners who then buy BTC with it at the target price or by buying BTC themselves, they affect that USDT/BTC trading pair without any more actual money ever entering the system. People have accused them in the past of making unbacked USDT, buying BTC with it, and then claiming that BTC is the backing... Something that should make you shudder if you think about it for too long.\n\nAnd why is this manipulation debated instead of being visible on chain? Well in the age of exchanges and OTC transactions, very little activity actually occurs on chain, and most of these "sales" can easily happen in some backend book-keeping and at best get resolved in giant lump sum Blockchain transactions that include many exchange transactions.. there has been a lot of sus on chain activity, there\'s a twitter account that follows the whale wallets and flags suspicious activity, but the granularity of those transactions is so large that it\'s conjecture to assume that they\'re manipulation related.\n\nI would be shocked if there weren\'t other methods of manipulation (looking at the evidence that\'s come out of how FTX manipulated their books might help your imagination here), but I think this is the one people can guess most accurately about.\n\nAs an aside, Binance recently was proven to have made a bunch of "fake" BUSD that was unbacked and not even necessarily correct on chain (bit fuzzy remembering the details here, sorry) presumably to do this same thing I just describ...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices: Bitcoin and ether are coming off a multi-day rally, slipping into the red.\nInsights: Bitcoin and ether volatility stunned bears and bulls alike over a 24-hour period earlier this week. Was the price movement the result of the bank crisis?\nBitcoin Dips Below $25K as Market Debates Liquidity\nCoinDesk Market Index (CMI)\n1,089\n−28.3▼2.5%\nBitcoin (BTC)\n$24,330\n−621.2▼2.5%\nEthereum (ETH)\n$1,649\n−63.7▼3.7%\nS&P 500\n3,891.93\n−27.4▼0.7%\nGold\n$1,919\n+12.6▲0.7%\nNikkei 225\n27,229.48\n+7.4▲0.0%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin and ether began the Asia trading day in the red, with bitcoin declining 2.5% to $24,330 and ether declining 3.7% to $1,649.\nLiquidity is on everyone’s mind, especially in the face of record drawdowns from the Treasury General Account during the COVID-19 era, and more after the failure of Silicon Valley Bank.\nMost recently, something appears to have spooked the Federal Deposit Insurance Corp. as itreplaced $40 billionin funds it took from the TGA, initially earmarked to help ease market disruptions from the closure of SVB.\nAsReuters recently reported, over the past week the TGA was down nearly $100 billion before the FDIC returned its $40 billion.\n“The TGA was drawn down all during 2023, and that helped markets in general including bitcoin. But as of late in the last five days, the TGA had nothing to do with bitcoin\'s outperformance,” Mark Connors, head of research at 3iQ, told CoinDesk in a note. “There\'s a little more confidence that the bitcoin thesis is not just intact, but it\'s been validated at a level that we\'ve never seen before.”\nConnors says this is a question of confidence for the Federal Reserve.\n“When you see the Fed creating a bubble, popping the bubble and then not knowing which game to play by inflation, or stabilize financial markets, it does not instill confidence,” he continued.\nA bigger question at hand is rate volatility, according to Connors, and the market hates uncertainty.\n“The reason that\'s important is because rates are used to price every asset on the planet,” he said. “And when you have uncertainty on interest rates, you have uncertainty on what everything is worth.”\nThe next meeting of the Fed\'s rate-setting Federal Open Market Committee is scheduled to take place March 21-22.\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u221213.7%", "DACS Sector": "Entertainment"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "\\u221210.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Loopring", "Ticker": "LRC", "Returns": "\\u221210.3%", "DACS Sector": "Smart Contract Platform"}]\nBitcoin, Ether Volatility Stuns Bears and Bulls Alike\nBy: Shaurya Malwa\nHigher-than-usual market volatility affected bulls and bears alike as crypto futures racked up $300 million in liquidations over a 24-hour period on Wednesday.\nLiquidation refers to when an exchange forcefully closes a trader\'s leveraged position due to a partial or total loss of the trader\'s initial margin. It happens when a trader is unable to meet the margin requirements for a leveraged position (fails to have sufficient funds to keep the trade open).\nLarge liquidations can signal the local top or bottom of a steep price move, which may allow traders to position themselves accordingly.\nBitcoin and ether briefly inched above $26,000 and $1,770 respectively on Tuesday as investors brushed off the long-term effects of a regulatory clampdown on crypto-friendly banks and U.S. consumer price index (CPI) data pointed to slowing inflation in the coming months.\nBitcoin\'s weekly chart shows the cryptocurrency is again struggling to establish a foothold above $25,000, which capped gains last month and in August 2022. According to chartered market technician Aksel Kibar, a breakout above $25,000 would shift focus to the next hurdle at $28,600. "All About Bitcoin" host Christine Lee breaks down the "Chart of the Day."\nBut the euphoria was short-lived as both major tokens dipped as much as 5% from Tuesday\'s highs before gradually stabilizing. In Asian morning hours on Wednesday, bitcoin traded just under $25,000 while ether traded slightly over $1,700.\nThe volatility caused over $140 million in bitcoin futures and $80 million in ether futures to take on losses. Of this, 58% of futures losses came from shorts, or bets against price rises, while the remaining came from longs, or bets on price rises – meaning both short sellers and long traders were hit almost equally.\nAmong other major tokens, futures on Conflux\'s CFX tokens and Filecoin\'s FIL had $8 million and $5 million in liquidations, respectively, as trading volumes for both surged on fundamental developments.\nMeanwhile, some market observers said the price action came as investors looked for alternative assets following last week\'s collapse of Silicon Valley Bank.\n"Bitcoin\'s rally to a new yearly high as Silicon Valley Bank falls and inflation remains stubborn shows that investors are looking to bitcoin for stability in highly uncertain market conditions," Alex Adelman, co-founder of bitcoin rewards app Lolli, told CoinDesk.\n"While many have looked to bitcoin as a hedge against inflation and tracked its price moves accordingly, bitcoin\'s relationship to traditional finance is more complex," Adelman stated, adding that bitcoin worked as an "alternative to the traditional financial system at large."\n"Weakness across the banking sector has heightened investor awareness of bitcoin\'s unique value proposition. In the coming weeks, we will continue to see increased demand for bitcoin as a superior system for holding and moving money securely," Adelman said.\n8:30 a.m. HKT/SGT(00:30 UTC)Australia Unemployment Rate s.a.(Feb)\n12:30 p.m. H1HKT /SGT(4:30 UTC)Japan Industrial Production (YoY/Jan)\n9:15 p.m. HKT/SGT(13:15 UTC)European Central Bank Monetary Policy Decision Statement\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBitcoin Dominance Reaches 9-Month High; Lender Says Silvergate Wasn\'t Cut Off From Loans\nThe bitcoin (BTC) dominance rate has climbed amid increasing turbulence in crypto markets, according to TradingView data. This came as the Federal Home Loan Bank of San Francisco says it didn\'t force Silvergate to repay advances, which was rumored to be the reason why crypto-focused Silvergate decided to shut down. Lyn Alden Investment Strategy founder Lyn Alden and Dunleavy Investment Research crypto strategist Tom Dunleavy joined “First Mover.”\nU.S. Federal Reserve’s Real-Time Payments System Coming in July:The new government-operated payments system – often used as an argument against the need for crypto’s payments innovations – will have its first participants certified within weeks.\nPayments Processor Stripe Secures $6.5B in Funding at $50B Valuation:Stripe\'s valuation has fallen about 47% from its 2021 fund raise of $95 billion.\nStarknet DAO Heads Toward First Governance Vote:The vote, opening on March 21, will let members approve a new upgrade for the scaling system’s mainnet.\nChinese Businessman With Ties to Steve Bannon Arrested, Charged With Fraud, Including $500M Crypto Scam:Guo Wengui is accused of engaging in multiple schemes that defrauded investors out of $1.4 billion.\nBrian Brooks: U.S. Government Using Crisis to Choke Off Crypto Access to Banks:The former acting head of the OCC said federal regulators are working together to keep crypto assets out of the U.S. banking system.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices: Bitcoin and ether are coming off a multi-day rally, slipping into the red.\nInsights: Bitcoin and ether volatility stunned bears and bulls alike over a 24-hour period earlier this week. Was the price movement the result of the bank crisis?\nBitcoin Dips Below $25K as Market Debates Liquidity\nCoinDesk Market Index (CMI)\n1,089\n−28.3▼2.5%\nBitcoin (BTC)\n$24,330\n−621.2▼2.5%\nEthereum (ETH)\n$1,649\n−63.7▼3.7%\nS&P 500\n3,891.93\n−27.4▼0.7%\nGold\n$1,919\n+12.6▲0.7%\nNikkei 225\n27,229.48\n+7.4▲0.0%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin and ether began the Asia trading day in the red, with bitcoin declining 2.5% to $24,330 and ether declining 3.7% to $1,649.\nLiquidity is on everyone’s mind, especially in the face of record drawdowns from the Treasury General Account during the COVID-19 era, and more after the failure of Silicon Valley Bank.\nMost recently, something appears to have spooked the Federal Deposit Insurance Corp. as itreplaced $40 billionin funds it took from the TGA, initially earmarked to help ease market disruptions from the closure of SVB.\nAsReuters recently reported, over the past week the TGA was down nearly $100 billion before the FDIC returned its $40 billion.\n“The TGA was drawn down all during 2023, and that helped markets in general including bitcoin. But as of late in the last five days, the TGA had nothing to do with bitcoin\'s outperformance,” Mark Connors, head of research at 3iQ, told CoinDesk in a note. “There\'s a little more confidence that the bitcoin thesis is not just intact, but it\'s been validated at a level that we\'ve never seen before.”\nConnors says this is a question of confidence for the Federal Reserve.\n“When you see the Fed creating a bubble, popping the bubble and then not knowing which game to play by inflation, or stabilize financial markets, it does not instill confidence,” he continued.\nA bigger question at hand is rate volatility, according to Connors, and the market hates uncertainty.\n“The reason that\'s important is because rates are used to price every asset on the planet,” he said. “And when you have uncertainty on interest rates, you have uncertainty on what everything is worth.”\nThe
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-03-16
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $477,707,712,925
- Hash Rate: 290105692.4456867
- Transaction Count: 295049.0
- Unique Addresses: 687640.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.52
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Although they’ve received some relief thanks to the latest inflation data , macro uncertainties continue to loom over even the best chip stocks to buy. The global economic slowdown, caused by the raising of interest rates to combat inflation, has led to a slowdown in the tech sector, which could worsen as the year progresses. However, don’t view this as a sign to stay away from semiconductor stocks. Instead, when it comes to top-rated names in the space, now may be an ideal time to buy. Selling for reasonable (and in some cases, more-than-reasonable) valuations, the potential impact of a continued 2023 “tech slowdown” is largely accounted for. Beyond the immediate term, if inflation keeps cooling down, the Federal Reserve may just well make its much-awaited “Fed pivot.” Along with the likely benefits stemming from the CHIPS and Science Act (signed into law last summer), semiconductor stocks could experience outsized gains in the years ahead. InvestorPlace - Stock Market News, Stock Advice & Trading Tips So, what are the best chip stocks to buy right now? Consider these seven. Each one earns either an A or B rating in Portfolio Grader . ADI Analog Devices $168.98 ALGM Allegro MicroSystems $33.74 AMKR Amkor Technology $31.03 ARRY Array Technologies $23.47 ASX ASE Technology Holding Co. $7.05 ASYS Amtech Systems $9.61 AVGO Broadcom $579.00 Analog Devices (ADI) Analog Devices (ADI) sign outside of building Source: jejim / Shutterstock.com Analog Devices (NASDAQ: ADI ) develops and makes chips utilized by a variety of end users. According to Statista , 51% of the company’s annual revenue comes from industrial end-users, and 21% comes from the automotive sector. ADI stock has traded sideways over the past twelve months. Although Analog experienced a large amount of revenue and earnings growth during the preceding fiscal year (ending October 2022), the market is concerned about the impact of a recession on results during this current fiscal year. However, trading at a reasonable 17.3 times forward earnings, the impact of a downturn may be already baked into the valuation of this B-rated chip stock. Story continues Sell-side forecasts also call for Analog Devices to stay resilient, with earnings growth re-accelerating started in FY 2024 . This may enable ADI, which also has a forward dividend yield of 1.8%, to steadily climb to new highs over the next few years. Allegro MicroSystems (ALGM) AI. Circuit board. Technology background. Central Computer Processors CPU concept. Motherboard digital chip. Tech science background. Integrated communication processor. 3D illustration representing semiconductor stocks Source: Shutterstock Allegro MicroSystems (NASDAQ: ALGM ) may be lesser known than many of the best chip stocks to buy mentioned above and below, but there’s a lot to like about this specialty semiconductor maker. Namely, because Allegro has heavy exposure to both vehicle electrification and solar energy trends. The company’s sensors and analog power chips are used for a variety of EV and renewable energy industries. This has resulted in steady growth. In its last quarterly results release, Allegro’s revenue grew 23% year-over-year, and earnings per share (or EPS) jumped by around 53%. As the EV and renewable energy trends pick back up, once current economic challenges clear up, this company is poised to continue reporting solid results. In turn, enabling B-rated ALGM stock, which has been in recovery mode since October, to continue making a comeback. Amkor Technology (AMKR) Close-up Presentation of a New Generation Microchip. Gloved Hand Holding Piece of Technological Wonder. Semiconductor stocks are in the news. Source: Shutterstock Despite surging by nearly 89% over the past six months, Amkor Technology (NASDAQ: AMKR ) continues to trade at what’s arguably a deep-value earnings multiple. Shares in this outsourced semiconductor packaging and test services company trade for just 9.4 times trailing twelve-month earnings. Sure, a low trailing valuation can be a sign of earnings declines ahead. Unfortunately, that’s the case here with AMKR stock, according to analyst earnings forecasts. However, considering factors such as China’s post-pandemic re-opening, it’s possible that an earnings decline this year could be less severe than currently anticipated. If this happens, AMKR could experience moderate multiple expansion. Even a move from its current price-to-earnings (or P/E) ratio, up to a forward P/E multiple in the low teens, would mean yet another double-digit move higher. This chip stock, which also has a 0.97% dividend, earns an A rating in Portfolio Grader . Array Technologies (ARRY) a machine manufactures semiconductor chips in a factory setting. Semiconductor stocks to buy Source: Shutterstock Like Amkor, Array Technologies (NASDAQ: ARRY ) is another chip stock that has “crushed it” since last July. During this timeframe, shares in this solar tracker manufacturer have more than doubled in price. Unlike AMKR stock, however, ARRY stock has become pricey following its massive run-up. ARRY currently trades for 67.8 times its estimated 2022 earnings. That said, take a look at forecasts for this year, and you can see why this rich multiple is more-than-justified. After swinging back to profitability last quarter , earnings growth is expected to keep coming in at a breakneck pace. In large part, thanks to tailwinds from the Inflation Reduction Act. Renewable energy incentives provided by this bill could pave the way for EPS to climb from 34 cents in 2022, to 94 cents in 2023, and to $1.34 by 2024 . These forecasts suggest more runway ahead for ARRY, A-rated in Portfolio Grade r. ASE Technology Holding Co. (ASX) In Ultra Modern Electronic Manufacturing Factory Design Engineer in Sterile Coverall Holds Microchip with Gloves and Examines it. Source: Shutterstock Among chip stocks to buy, ASE Technology Holding Co. (NYSE: ASX ) is one that both trades at a low valuation and has a high dividend yield. Based in Taiwan, ASE Technology Holding is a leading provider of outsourced semiconductor assembly and test (or OSAT) services. The tech slowdown has clearly started to have an impact on ASE’s results. For example, the company reported a 19.2% year-over-year decline in revenue last month. This is the second consecutive month that the top line has fallen by double-digits. However, ASX stock trading for only 6.9 times TTM earnings. The market has more than priced in the current rough patch. Once today’s challenges pass, there’s a strong chance of an earnings recovery. This could fuel a continued rebound for shares. This B-rated stock also paid 46.7 cents in dividends (6.75% yield) over the past year, and may sustain this level of payout. Amtech Systems (ASYS) semiconductor stocks Close-up electronic circuit board. technology style concept. representing semiconductor stocks Source: Shutterstock Besides Allegro, buying shares in Amtech Systems (NASDAQ: ASYS ) is another way to add EV chip exposure to your portfolio. In fact, given the present small size of this micro-cap stock’s underlying business, this provider of silicon carbide and power semiconductor production equipment could experience an even greater level of growth. According to Amtech’s 2022 investor presentation, both the silicon carbide and power semiconductor segments of the industry are expected to keep growing at a rapid clip . This is due to their usage in EVs, renewable energy, and other fast-growing areas such as 5G telecommunications. With plenty of cash on hand (nearly 35% of its market cap) to finance expansion, the company’s growth could really take off. In turn, ASYS stock, after a mixed performance in recent years, may experience its own “liftoff moment.” Trading for only 7.8 times earnings, consider this B-rated stock a buy, as it remains under the radar. Broadcom (AVGO) broadcom (AVGO) logo outside office building Source: Sasima / Shutterstock.com Broadcom (NASDAQ: AVGO ) shares have steadily climbed since December, when this wireless and broadband chip maker reported solid quarterly results . The AVGO rally though has started to lose momentum in recent trading days. Largely, due to concerns that the company may lose business from one of its key customers , Apple (NASDAQ: AAPL ). But even if speculation about this matter turns into an actual loss of business, there are other factors that could outweigh it. As I discussed recently, when talking about AVGO stock, both the 5G rollout , as well as Broadcom’s planned acquisition of cloud computing company VMWare (NYSE: VMW ), could prove to be strong catalysts for shares in the future. A more-than-fair valuation (14.2 times forward earnings), and a 3.18% dividend yield, are also factors that make B-rated AVGO appealing at today’s prices. Consider it one of the best chip stocks to buy. On the date of publication, Louis Navellier had a long position in AMKR and AVGO. Louis Navellier did not have (either directly or indirectly) any other positions in the securities mentioned in this article. The InvestorPlace Research Staff member primarily responsible for this article did not hold (either directly or indirectly) any positions in the securities mentioned in this article. Louis Navellier, who has been called “one of the most important money managers of our time,” has broken the silence in this shocking “tell all” video … exposing one of the most shocking events in our country’s history… and the one move every American needs to make today . More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today Early Bitcoin Millionaire Reveals His Next Big Crypto Trade “On Air” It doesn’t matter if you have $500 or $5 million. Do this now. The post 7 Top-Rated Chip Stocks for Your January Must-Buy List appeared first on InvestorPlace ....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['(Bloomberg) -- Cryptocurrency market data provider Kaiko plans to relocate its Asian headquarters to Hong Kong from Singapore, drawn by the city’s push to establish a global hub for the digital-asset industry.\nMost Read from Bloomberg\n• Finally, a Serious Offer to Take Putin Off Russia’s Hands\n• Ackman Warns of Accelerated Deposit Outflows After Fed Decision\n• Bomb Threat Called In to New York Court Where Trump Hearing Held\n• A New Chapter of Capitalism Emerges From the Banking Crisis\n• Stocks Roiled by Fed Day’s Nerve-Wracking Rhetoric: Markets Wrap\nHong Kong’s pro-crypto policy pivot and emergence from Covid-related curbs contributed to the Paris-based company’s decision, Chief Executive Officer Ambre Soubiran said in an interview on Thursday. Kaiko feeds data to the likes of Deutsche Boerse and ICE Global Network.\n“With all of the recent changes and initiatives from the Hong Kong regulatory bodies, we realized that this is clearly where we have to be, where the capital is going to flow in, and where we are seeing a lot of attractiveness when it comes to hedge funds, investors and asset managers,” Soubiran said.\nHong Kong is trying to develop crypto rules that will encourage growth and protect investors, seeking to learn lessons from bankruptcies like the FTX exchange while positioning for a rebound from a $2 trillion market rout.\nThe city plans to let retail investors trade larger tokens like Bitcoin and Ether later this year. A mandatory licensing regime for stablecoins — a type of crypto token that’s meant to hold a constant value — is due by 2023-2024.\nThe developments in Hong Kong contrast with a swingeing crackdown on crypto in the US, where digital-asset firms are also increasingly cut off from the traditional banking sector after a trio of lenders collapsed. Singapore, meanwhile, has proposed tighter rules in the wake of the FTX wipeout.\nHong Kong’s “regulatory landscape is changing positively,” said Soubiran. She added that she wants to “make sure we can support that institutionalization and that kind of growth and establishment of the asset class in Hong Kong.”\nChallenges\nA major challenge for Hong Kong is that the virtual-asset industry remains in a deep downturn after a bubble in token prices deflated last year and investors fled. Exchanges Coinbase Global Inc., Crypto.com and Huobi are among a slew of firms that have slashed thousands of jobs in the past few months.\nOther companies are in a holding pattern as they await a crypto recovery and the final version of Hong Kong’s revamped digital-asset rules before deciding whether to commit scarce investment funds.\nKaiko said Head of Asia-Pacific Sean Lawrence will relocate from Singapore by the end of March. Figuratively “something like nine out of 10 people” in crypto are discussing about returning to Hong Kong in some way, Lawrence said in an interview.\nA new Hong Kong licensing regime for crypto exchanges is due on June 1. The pivot toward fostering the digital-asset sector is part of a wider effort to restore Hong Kong’s credentials as a cutting-edge financial center after Covid-related curbs and political unrest sparked a brain drain.\nFor crypto market prices: CRYP; for top crypto news: TOP CRYPTO.\nMost Read from Bloomberg Businessweek\n• What Happens When Sexting Chatbots Dump Their Human Lovers\n• Iranian Activists Want Tech Companies to Ban the Ayatollah\n• ChatGPT Advances Are Moving So Fast Regulators Can’t Keep Up\n• A Visual Guide to How America Uses Freight Trains\n• Trump’s Tariffs Couldn’t Save the California Olive Industry\n©2023 Bloomberg L.P.', '(Bloomberg) -- Cryptocurrency market data provider Kaiko plans to relocate its Asian headquarters to Hong Kong from Singapore, drawn by the city\x92s push to establish a global hub for the digital-asset industry. Most Read from Bloomberg Finally, a Serious Offer to Take Putin Off Russia\x92s Hands Ackman Warns of Accelerated Deposit Outflows After Fed Decision Bomb Threat Called In to New York Court Where Trump Hearing Held A New Chapter of Capitalism Emerges From the Banking Crisis Stocks Roiled by Fed Day\x92s Nerve-Wracking Rhetoric: Markets Wrap Hong Kong\x92s pro-crypto policy pivot and emergence from Covid-related curbs contributed to the Paris-based company\x92s decision, Chief Executive Officer Ambre Soubiran said in an interview on Thursday. Kaiko feeds data to the likes of Deutsche Boerse and ICE Global Network. \x93With all of the recent changes and initiatives from the Hong Kong regulatory bodies, we realized that this is clearly where we have to be, where the capital is going to flow in, and where we are seeing a lot of attractiveness when it comes to hedge funds, investors and asset managers,\x94 Soubiran said. Hong Kong is trying to develop crypto rules that will encourage growth and protect investors, seeking to learn lessons from bankruptcies like the FTX exchange while positioning for a rebound from a $2 trillion market rout. The city plans to let retail investors trade larger tokens like Bitcoin and Ether later this year. A mandatory licensing regime for stablecoins \x97 a type of crypto token that\x92s meant to hold a constant value \x97 is due by 2023-2024. The developments in Hong Kong contrast with a swingeing crackdown on crypto in the US, where digital-asset firms are also increasingly cut off from the traditional banking sector after a trio of lenders collapsed. Singapore, meanwhile, has proposed tighter rules in the wake of the FTX wipeout. Hong Kong\x92s \x93regulatory landscape is changing positively,\x94 said Soubiran. She added that she wants to \x93make sure we can support that institutionalization and that kind of growth and establishment of the asset class in Hong Kong.\x94 Story continues Challenges A major challenge for Hong Kong is that the virtual-asset industry remains in a deep downturn after a bubble in token prices deflated last year and investors fled. Exchanges Coinbase Global Inc., Crypto.com and Huobi are among a slew of firms that have slashed thousands of jobs in the past few months. Other companies are in a holding pattern as they await a crypto recovery and the final version of Hong Kong\x92s revamped digital-asset rules before deciding whether to commit scarce investment funds. Kaiko said Head of Asia-Pacific Sean Lawrence will relocate from Singapore by the end of March. Figuratively \x93something like nine out of 10 people\x94 in crypto are discussing about returning to Hong Kong in some way, Lawrence said in an interview. A new Hong Kong licensing regime for crypto exchanges is due on June 1. The pivot toward fostering the digital-asset sector is part of a wider effort to restore Hong Kong\x92s credentials as a cutting-edge financial center after Covid-related curbs and political unrest sparked a brain drain. For crypto market prices: CRYP; for top crypto news: TOP CRYPTO. Most Read from Bloomberg Businessweek What Happens When Sexting Chatbots Dump Their Human Lovers Iranian Activists Want Tech Companies to Ban the Ayatollah ChatGPT Advances Are Moving So Fast Regulators Can\x92t Keep Up A Visual Guide to How America Uses Freight Trains Trump\x92s Tariffs Couldn\x92t Save the California Olive Industry ©2023 Bloomberg L.P.', 'By Chris Prentice and Elizabeth Howcroft\nNEW YORK/LONDON (Reuters) - Investor sentiment remained fragile on Friday despite massive rescue for the banking sector, leaving global equities under pressure while gold prices were poised for their largest one-week rally since March 2020.\nU.S. Treasury yields extended their slide, and oil prices dove to 15-month lows.\nData showed March U.S. consumer sentiment fell for the first time in four months.\nIn a crisis that began with the collapse of U.S.-based Silicon Valley Bank last Friday, investors lost confidence in U.S. regional banks and Credit Suisse in Europe.\nRisk appetite waned on Friday after showing signs of recovery on Thursday. Credit Suisse\'s chief executive said on Friday the bank was working hard to stem customer outflows, although this could take time. Credit Suisse shares resumed their decline.\nAnalysts say the worry about a possible banking crisis is far from over despite a group of major banks injecting $30 billion in deposits into First Republic Bank, a mid-sized U.S. lender, on Thursday.\nThe MSCI world equity index, which tracks shares in 49 nations, fell 0.55%.\nEuropean shares erased early gains and had their steepest weekly drop in five months, with the pan-European STOXX 600 finishing down 1.3% lower. It was under pressure from bank, insurance and financial services stocks.\nEuropean Central Bank (ECB) supervisors do not expect contagion for euro zone banks from the market turmoil, a source familiar with the content of an ad hoc supervisory board meeting this week told Reuters.\nThe Dow Jones Industrial Average .DJI fell 384.57 points, or 1.19%, to 31,861.98, the S&P 500 .SPX lost 43.64 points, or 1.10%, to 3,916.64 and the Nasdaq Composite .IXIC dropped 86.76 points, or 0.74%, to 11,630.51.\nOver the last two weeks, the S&P Banking index and the KBW Regional Banking index plunged by 4.6% and 5.4%, respectively, their largest two-week drops since March 2020.\nThe yield on benchmark 10-year Treasury notes fell to 3.423% versus 3.583% previously. The two-year yield, which rises with traders\' expectations of higher Fed fund rates, fell to 3.8354% from a previous close of 4.13%.\nGermany\'s 10-year government bond yield dropped to 2.069%, its lowest since the start of February, late in the session.\nThe ECB raised rates 50 basis points on Thursday, sticking to its pledge to fight inflation even as some investors called for a pause in the rate-hiking cycle until the banking turmoil eases.\nMarkets are pricing in a 25 bps increase by the U.S. Federal Reserve when it meets next week, down from previous expectations for a 50 bps increase.\nFed data on Thursday showed banks sought record amounts of emergency liquidity in recent days
**Last 60 Days of Bitcoin's Closing Prices:**
[]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-17
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $513,797,077,275
- Hash Rate: 318250274.5486265
- Transaction Count: 338823.0
- Unique Addresses: 768841.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.51
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: In true Valentine’s Day fashion, we’re diving into the theme of love…and crypto?
According to a new study by Binance, the world’s largest blockchain by trading volume, crypto could have a positive impact on one’s attractiveness. Yes,really.
Approximately 83% of participants said liking crypto was an “attractive feature in a relationship,” while 70% said they would be more inclined to go on a date with someone if they found out they were interested in crypto.
But only about 38% of those surveyed said their partner was equally as interested and passionate about crypto as they were, while 27% patted themselves on the back for introducing their significant other to the wild, wild world of web3.
This growing positive sentiment is in stark contrast to the overall gloomy market outlook; many cryptocurrencies are still down significantly year over year. But as some major cryptocurrencies have had a recent small bull run, likeBitcoinandEther, up about 30% and 23% year to date, respectively, there is some newfound hope from market players across the industry.
And that confidence might be translating into Valentine’s Day gifts, too, according to the report. About 83% of respondents said they would prefer a “crypto gift card” over flowers or chocolate for the holiday.
In the U.S., Americans are planning to spend $25.9 billion on Valentine’s Day this year, up about 8% from $23.9 billion last year, according to asurveyfrom the National Retail Federation and Prosper Insights & Analytics.
“Valentine’s Day is a special occasion to shop for the people we care most about,” Matthew Shay, NRF president and CEO, said in a statement. “This year, as consumers embrace spending on friends and loved ones, retailers are ready to help customers celebrate Valentine’s Day with memorable gifts at affordable prices.”
Based on the Binance report, those memorable gifts include buying crypto, too.
Of course, take these results with a big scoop of salt. The global survey, which was conducted earlier this month on Binance’s survey platform, had 2,600 respondents (both Binance users and non-users) ranging from 18 to 46 years old.
While that number doesn’t fully encompass the billions of people worldwide, it might be pointing toward an attitude shift for those looking to find love — or love those involved — in the crypto space....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
| |
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['This week in coins. Illustration by Mitchell Preffer for Decrypt. After three consecutive weeks of losses , prices turned verdantly green for holders of the two largest cryptocurrencies by market cap this week. Bitcoin (BTC) blew up 36% over the past seven days and now trades at around $27,515 according to CoinMarketCap data. Last week, Bitcoin shed around 10% in reaction to news that the industry-servicing Signature Bank and Silicon Valley Bank (SVB) had both failed. The industry’s No. 2 coin, Ethereum (ETH), is back where it was before the downturn . ETH is up 27% over the seven days and currently changes hands at $1,832. The entire crypto market surged back to life beginning last Sunday night after the Federal Reserve, U.S. Treasury, and FDIC announced they would step in to backstop all deposits at Signature and SVB. That promise was reiterated by President Biden. Crypto didn’t emerge fully unscathed, however: the industry has lost its two most crypto-friendly banks, and now conflicting reports are swirling over whether the FDIC is telling prospective buyers of Signature Bank that it will have to jettison the bank’s crypto business. Former Massachusetts congressman Barney Frank claimed the Feds shut down Signature to send an " anti-crypto message " and a Reuters report late in the week appeared to confirm Frank\'s claims; the FDIC has since denied the claims made in the Reuters story. Over in the U.K., Chancellor of the Exchequer Jeremy Hunt announced that the HM Treasury—the UK Finance Ministry—had brokered a bailout deal in which HSBC acquired the British arm of SVB for £1 to make whole British businesses with exposure to the bank. In addition to these interventions, investors were drawn into risk-on assets like crypto and tech stocks this week after signs emerged that the banking crisis could be spilling over into Europe’s TradFi institutions: Credit Suisse announced on Wednesday a $54 billion loan from Swiss National Bank to shore up its liquidity. Virtually all of the top thirty cryptocurrencies by market cap posted significant gains this week, but some of the biggest winners aside from Bitcoin and Ethereum were Filecoin (FIL), which rose 33% to $6.39, Polygon (MATIC), which grew 22% to $1.24, Solana (SOL), which rose 28% to $22.30, and BNB, which climbed 25% to $344.76. USDC—the dollar-pegged stablecoin issued by Circle—slipped its peg last weekend and fell all the way to 87 cents after uncertainty over the company’s exposure to the beleaguered banks. It restabilized this week in reaction to the bailout news.', 'This week in coins. Illustration by Mitchell Preffer for Decrypt. After three consecutive weeks of losses , prices turned verdantly green for holders of the two largest cryptocurrencies by market cap this week. Bitcoin (BTC) blew up 36% over the past seven days and now trades at around $27,515 according to CoinMarketCap data. Last week, Bitcoin shed around 10% in reaction to news that the industry-servicing Signature Bank and Silicon Valley Bank (SVB) had both failed. The industry’s No. 2 coin, Ethereum (ETH), is back where it was before the downturn . ETH is up 27% over the seven days and currently changes hands at $1,832. The entire crypto market surged back to life beginning last Sunday night after the Federal Reserve, U.S. Treasury, and FDIC announced they would step in to backstop all deposits at Signature and SVB. That promise was reiterated by President Biden. Crypto didn’t emerge fully unscathed, however: the industry has lost its two most crypto-friendly banks, and now conflicting reports are swirling over whether the FDIC is telling prospective buyers of Signature Bank that it will have to jettison the bank’s crypto business. Former Massachusetts congressman Barney Frank claimed the Feds shut down Signature to send an " anti-crypto message " and a Reuters report late in the week appeared to confirm Frank\'s claims; the FDIC has since denied the claims made in the Reuters story. Over in the U.K., Chancellor of the Exchequer Jeremy Hunt announced that the HM Treasury—the UK Finance Ministry—had brokered a bailout deal in which HSBC acquired the British arm of SVB for £1 to make whole British businesses with exposure to the bank. In addition to these interventions, investors were drawn into risk-on assets like crypto and tech stocks this week after signs emerged that the banking crisis could be spilling over into Europe’s TradFi institutions: Credit Suisse announced on Wednesday a $54 billion loan from Swiss National Bank to shore up its liquidity. Virtually all of the top thirty cryptocurrencies by market cap posted significant gains this week, but some of the biggest winners aside from Bitcoin and Ethereum were Filecoin (FIL), which rose 33% to $6.39, Polygon (MATIC), which grew 22% to $1.24, Solana (SOL), which rose 28% to $22.30, and BNB, which climbed 25% to $344.76. USDC—the dollar-pegged stablecoin issued by Circle—slipped its peg last weekend and fell all the way to 87 cents after uncertainty over the company’s exposure to the beleaguered banks. It restabilized this week in reaction to the bailout news.', 'This week in coins. Illustration by Mitchell Preffer for Decrypt. After three consecutive weeks of losses , prices turned verdantly green for holders of the two largest cryptocurrencies by market cap this week. Bitcoin (BTC) blew up 36% over the past seven days and now trades at around $27,515 according to CoinMarketCap data. Last week, Bitcoin shed around 10% in reaction to news that the industry-servicing Signature Bank and Silicon Valley Bank (SVB) had both failed. The industry’s No. 2 coin, Ethereum (ETH), is back where it was before the downturn . ETH is up 27% over the seven days and currently changes hands at $1,832. The entire crypto market surged back to life beginning last Sunday night after the Federal Reserve, U.S. Treasury, and FDIC announced they would step in to backstop all deposits at Signature and SVB. That promise was reiterated by President Biden. Crypto didn’t emerge fully unscathed, however: the industry has lost its two most crypto-friendly banks, and now conflicting reports are swirling over whether the FDIC is telling prospective buyers of Signature Bank that it will have to jettison the bank’s crypto business. Former Massachusetts congressman Barney Frank claimed the Feds shut down Signature to send an " anti-crypto message " and a Reuters report late in the week appeared to confirm Frank\'s claims; the FDIC has since denied the claims made in the Reuters story. Over in the U.K., Chancellor of the Exchequer Jeremy Hunt announced that the HM Treasury—the UK Finance Ministry—had brokered a bailout deal in which HSBC acquired the British arm of SVB for £1 to make whole British businesses with exposure to the bank. In addition to these interventions, investors were drawn into risk-on assets like crypto and tech stocks this week after signs emerged that the banking crisis could be spilling over into Europe’s TradFi institutions: Credit Suisse announced on Wednesday a $54 billion loan from Swiss National Bank to shore up its liquidity. Virtually all of the top thirty cryptocurrencies by market cap posted significant gains this week, but some of the biggest winners aside from Bitcoin and Ethereum were Filecoin (FIL), which rose 33% to $6.39, Polygon (MATIC), which grew 22% to $1.24, Solana (SOL), which rose 28% to $22.30, and BNB, which climbed 25% to $344.76. USDC—the dollar-pegged stablecoin issued by Circle—slipped its peg last weekend and fell all the way to 87 cents after uncertainty over the company’s exposure to the beleaguered banks. It restabilized this week in reaction to the bailout news.']...
**Last 60 Days of Bitcoin's Closing Prices:**
[]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-18
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $528,172,709,600
- Hash Rate: 350724792.3597108
- Transaction Count: 296890.0
- Unique Addresses: 691597.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.64
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: For Immediate Release Chicago, IL – March 17, 2023 – Today, Zacks Investment Ideas feature highlights Coinbase COIN, Advanced Micro Devices AMD, Nvidia NVDA, Proshares Bitcoin Strategy ETF BITO and MicroStrategy MSTR. Crypto + BTC: 3 Crypto Proxies Understanding the Difference Between Bitcoin & Crypto Bitcoin, the world's first and most popular cryptocurrency, and the crypto industry as a whole are often conflated. If you're interested in trading crypto or even just educating yourself about the space, understanding the difference between the two is critical. Bitcoin is the most heavily traded crypto in the world and has had staggering performance since its inception roughly a decade ago – rising from $.09 to nearly $25,000 today. Like most cryptocurrencies, Bitcoin runs on blockchain technology – a sort of encrypted digital Excel spreadsheet (ledger) that stores data and "chains" it through multiple different areas of the internet. However, unlike most other cryptocurrencies and fiat, Bitcoin is: · Truly Decentralized: To this day, Bitcoin's creator (or creators) is unknown. Instead, credit is given to a pseudonymous, made-up founder known as Satoshi Nakamoto. · Deflationary: Unlike global, government-backed fiat and many other crypto assets, Bitcoin has a limit to the number of coins that can ever be minted. Satoshi ensured that there can never be more than 21 million Bitcoins in existence. · Implements a Proof-of-Work Protocol: The Bitcoin blockchain validates transactions through thousands of miners. Miners solve complex mathematical equations and validate transactions. Because it takes a plethora of miners to validate transactions, the Bitcoin network has never been hacked. (Crypto exchanges have, however). For the reasons mentioned above, and the recent demise of the FTX exchange (and its "air" coin FTT), many crypto enthusiasts are "Bitcoin Maximalists" that avoid "alt-coins" such as Ethereum. Regardless of where one stands in the argument, crypto has made an impressive comeback over the past few weeks – despite a volatile stock market and negative news. Below are 3 unique ways to play crypto and Bitcoin through public means (without investing in the coins themselves): 1. "Selling the Shovels" Investors looking to cash in on a crypto turnaround may want to look at secondary companies. In other words, companies that benefit indirectly from an increase in crypto trading and activity rather than the direction of crypto markets. Coinbase , the largest US-based crypto exchange, stands to benefit if crypto trading begins to pick up again. Despite slowing earnings growth and the FTX debacle, COIN shares are showing a clear character change. Since bottoming in late February, shares have more than doubled and have cracked the 200-day moving average for the first time since going public back in April of 2021. Story continues Semiconductor providers such as Advanced Micro Devices and Nvidia are a way to play an increase in crypto mining and the buying of crypto "rigs." 2. BITO ETF: The Proshares Bitcoin Strategy ETF is the first to be approved in the United States. Like Coinbase, BITO is overtaking its 200-day moving average for the first time since inception. Investors can buy shares of the ETF or even play it via options to limit risk. 3. MicroStrategy: Microstrategy is a software company that has adopted the "Bitcoin standard." In other words, any cash generated from its software operations is being put toward accumulating Bitcoin. Bottom Line Bitcoin, the crypto market, and public companies have several differences. Investors who do not want to invest directly in cryptocurrencies can invest in public "proxies" and still benefit from a crypto turnaround. Though the crypto space has been on a solid run recently, more investors may look to diversify into the space as confidence in banking stocks wanes. Why Haven't You Looked at Zacks' Top Stocks? Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation. See Stocks Free >> Media Contact Zacks Investment Research 800-767-3771 ext. 9339 [email protected] https://www.zacks.com Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report MicroStrategy Incorporated (MSTR) : Free Stock Analysis Report Coinbase Global, Inc. (COIN) : Free Stock Analysis Report ProShares Bitcoin Strategy ETF (BITO): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research View comments...
- Reddit Posts (Sample): [['u/eagle_eye_johnson', 'BCH/BTC ratio falls below .005 for the first time', 13, '2023-03-18 00:16', 'https://www.reddit.com/r/btc/comments/11u7cnd/bchbtc_ratio_falls_below_005_for_the_first_time/', 'As the crypto market is starting to take off as a result of banking uncertainty it’s hard to ignore that BTC is increasing in price at a faster rate than bitcoin cash. \n\nhttps://www.tradingview.com/symbols/BCHBTC/\n\nIt’s kind of annoying but it allows BCH users to continue accumulating at cheaper prices.', 'https://www.reddit.com/r/btc/comments/11u7cnd/bchbtc_ratio_falls_below_005_for_the_first_time/', '11u7cnd', [['u/Pablo_Picasho', 16, '2023-03-18 00:29', 'https://www.reddit.com/r/btc/comments/11u7cnd/bchbtc_ratio_falls_below_005_for_the_first_time/jcmrud3/', '> it’s hard to ignore that BTC is increasing in price at a faster rate than bitcoin cash. \n\nOver last 7d, BTC rose faster than all coins, incl. BCH and those above, in the marketcap ranking .\n\nSo, this isn\'t something particular to BCH, it affects all coins below it. Setting aside that it is also a comparison of a ratio to a coin which can no longer perform the same function as BCH can, it is likely that those who move into Bitcoin only now, due to recent "banking uncertainty" are more likely to go for the name, instead of making a deeply considered choice.\n\nWhen it comes to accumulating more BCH, this is good for BTC users who can get a better ratio these days.\n\nIndeed, it will be the "smart BTC money" that will be investing in BCH at this point because they do understand the potential and exceptionally great ratio of exchange that they can obtain at this point.\n\nIn terms of dollars, BCH has been rising 23% over last 7d, so it\'s not "cheaper prices" for those who buy with fiat, compared to recent times. BCH price is on the rise.', '11u7cnd'], ['u/Shibinator', 20, '2023-03-18 01:09', 'https://www.reddit.com/r/btc/comments/11u7cnd/bchbtc_ratio_falls_below_005_for_the_first_time/jcmx9xn/', 'No this is the second time, it has happened before.', '11u7cnd'], ['u/saylor_moon', 10, '2023-03-18 01:58', 'https://www.reddit.com/r/btc/comments/11u7cnd/bchbtc_ratio_falls_below_005_for_the_first_time/jcn3s39/', "The coinflex bch sold out in about two days. If you look at the balance at Binance, you can see the large deposit on March 15.\n\nhttps://bitinfocharts.com/bitcoin%20cash/address/19dQkvaH2NGgkGomzZu3qrnqRGCicXwedM\n\nTwo days later, it's all been sold and withdrawn, and the price starts rising again.", '11u7cnd'], ['u/ShadowOfHarbringer', 15, '2023-03-18 02:23', 'https://www.reddit.com/r/btc/comments/11u7cnd/bchbtc_ratio_falls_below_005_for_the_first_time/jcn75xt/', '> Yes, this tired old trope about \'buying discounted BCH\'. It\'s been on the discount for years now.\n\nThen we will keep buying it at discount. You know why? \n\n**Because it is the only think that makes sense.**\n\nBTC, LTC, DOGE, SHIB, USDT, even ETH, pick almost any other coin in TOP30 - none of them make any sense.\n\nThe whole crypto except maybe 3-4 coins make no sense. It\'s unrealistic. Ephemeral. As in, **Not real**.\n\n--------\n\nBCH, XMR, maybe 2 more coins are the only real and serious coins that actually do anything for the people.\n\n"Crypto" is currently a joke. If it won\'t stop being a joke and start becoming a hope for a honest currency for the people, we\'re fucked as humans.\n\nGovernments will just keep destroying money, they then will introduce CBDCs and we will all become fucking slaves with no alternative. By then **you will wish you were living in communism**. Because what they are building will be **5x worse** than communism.\n\nWould you like that?', '11u7cnd'], ['u/jessquit', 11, '2023-03-18 07:13', 'https://www.reddit.com/r/btc/comments/11u7cnd/bchbtc_ratio_falls_below_005_for_the_first_time/jco1eib/', "Majority of what though? There's a correct answer, just wondering if you know it.", '11u7cnd']]], ['u/RobertsonvsPhillips', 'Incoming SATS!', 10, '2023-03-18 00:23', 'https://www.reddit.com/r/shakepay/comments/11u7jfx/incoming_sats/', 'Beer, gas, food, BTC, shake. This is life.', 'https://i.redd.it/dklop67pcfoa1.jpg', '11u7jfx', [['u/Pavehead42oz', 11, '2023-03-18 03:40', 'https://www.reddit.com/r/shakepay/comments/11u7jfx/incoming_sats/jcngit6/', "Subway McDonald's and little Caesars. This is the way.", '11u7jfx']]], ['u/jacobwlyman', 'BTC Adoption - I now include “I accept Bitcoin payments” in the descriptions on all of my FB Marketplace listings. You can too!', 80, '2023-03-18 01:22', 'https://www.reddit.com/r/Bitcoin/comments/11u92b8/btc_adoption_i_now_include_i_accept_bitcoin/', 'I sell things online through Facebook Marketplace in my spare time. In all of my listing descriptions, I inform buyers that “I accept Bitcoin payments” for any of my items, along with Venmo or Cash payments. I think that this is a great way to show people that Bitcoin is being used as a real alternative for everyday transactions! \n\nI haven’t had anyone (yet) take me up on this option since I started doing this a few months ago, but I’ll post an update here when that finally happens.', 'https://www.reddit.com/r/Bitcoin/comments/11u92b8/btc_adoption_i_now_include_i_accept_bitcoin/', '11u92b8', [['u/BTCPriest', 11, '2023-03-18 02:18', 'https://www.reddit.com/r/Bitcoin/comments/11u92b8/btc_adoption_i_now_include_i_accept_bitcoin/jcn6j8r/', "That's what I do on Ebay. You can too!", '11u92b8'], ['u/Charker21', 10, '2023-03-18 05:48', 'https://www.reddit.com/r/Bitcoin/comments/11u92b8/btc_adoption_i_now_include_i_accept_bitcoin/jcnu1vv/', 'I made a sign to accept Bitcoin for the woodworking craft shows I do every once in a while. Still waiting for someone to do it, but just having it there as an option has started a few conversations.', '11u92b8']]], ['u/Ill_Presentation_997', 'What do you think about bitcoin right now??', 10, '2023-03-18 02:03', 'https://www.reddit.com/r/CryptoMarkets/comments/11ua2f5/what_do_you_think_about_bitcoin_right_now/', 'Explain your reason why???\n\n[View Poll](https://www.reddit.com/poll/11ua2f5)', 'https://www.reddit.com/r/CryptoMarkets/comments/11ua2f5/what_do_you_think_about_bitcoin_right_now/', '11ua2f5', [['u/coelectric', 18, '2023-03-18 03:01', 'https://www.reddit.com/r/CryptoMarkets/comments/11ua2f5/what_do_you_think_about_bitcoin_right_now/jcnbugb/', 'Bull trap. This is a standard winter with pumps dumps and sideways action.', '11ua2f5'], ['u/GlitteringGiraffe604', 10, '2023-03-18 05:25', 'https://www.reddit.com/r/CryptoMarkets/comments/11ua2f5/what_do_you_think_about_bitcoin_right_now/jcnru9c/', "If BTC can't go up while banks are failing and money is being printed for another round of bailouts then what is it even good for?", '11ua2f5'], ['u/aliffattah', 10, '2023-03-18 06:05', 'https://www.reddit.com/r/CryptoMarkets/comments/11ua2f5/what_do_you_think_about_bitcoin_right_now/jcnvofz/', 'If retail think it is bull trap, then yeah it is definitely not. If retail think bull run has started, then yeah we still have room for doom.', '11ua2f5']]], ['u/No_Concentrate2892', 'Never Trade on Emotions', 30, '2023-03-18 02:56', 'https://www.reddit.com/r/CryptoCurrency/comments/11ub8yo/never_trade_on_emotions/', 'I would like to give some advice, especially to those who are new to the market. Whoever there is a pump in the market, you think you should invest in Bitcoin and Altcoins and you may benefit from it. But after your investment, the market goes down, and you think you are losing money, so you sell everything, again when you see the market go up you invest. This may you to get hurt again and again and again. So whenever you have to invest, invest a small portion of your portfolio. Never trade on emotions calculate well and then invest in it, also the type of people who lose in trading the et are the ones who"\n- panic\n- Doubt\n- Hurry\n- Fomo\n- Angry\n- worried\nA major key for a trader is your enemy is always his emotions', 'https://www.reddit.com/r/CryptoCurrency/comments/11ub8yo/never_trade_on_emotions/', '11ub8yo', [['u/Maxx3141', 19, '2023-03-18 02:58', 'https://www.reddit.com/r/CryptoCurrency/comments/11ub8yo/never_trade_on_emotions/jcnbj0c/', 'The last years in crypto left me emotionally dead anyway.', '11ub8yo']]], ['u/reggie_crypto', 'Argument that Bitcoin is code and will be obsolete', 21, '2023-03-18 03:31', 'https://www.reddit.com/r/Bitcoin/comments/11uc0dr/argument_that_bitcoin_is_code_and_will_be_obsolete/', 'Had a debate with a friend who has the conviction that Bitcoin will just become obsolete or cease to function after some software update or innovation. Compared it to extinct programming languages. I explained the network effect, that anybody could write a node client in any language and it would be compatible if it follows the protocol, and the protocol depends on consensus of the decentralized network. Also how the internet continues to exist and function through innovations and deprecated hardware/software. Not sure how else to get this point across.', 'https://www.reddit.com/r/Bitcoin/comments/11uc0dr/argument_that_bitcoin_is_code_and_will_be_obsolete/', '11uc0dr', [['u/igadjeed', 10, '2023-03-18 03:47', 'https://www.reddit.com/r/Bitcoin/comments/11uc0dr/argument_that_bitcoin_is_code_and_will_be_obsolete/jcnhc69/', "> how else to get this point across\n\nThe decentralized node network is everything. The other things are transient. It's impossible to explain to most people, even here, that there's no boss node controlling Bitcoin, that thousands of Bitcoin nodes converge to the same transaction history apparently by accident, but actually by design. Most people have closed minds, unable to comprehend this innovation \n\nIn a sense, your friend is thinking in the right direction. Nothing guarantees that there will always be enough nodes for Bitcoin to be secure in the future, especially if a different design addresses Bitcoin's main flaw", '11uc0dr'], ['u/uncontrollableop', 44, '2023-03-18 04:21', 'https://ww...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['The Simpsons is set to bring back a notorious early character \x96 33 years after his last appearance. Season one of the long-running cartoon introduced a character called Jacques, in the 1990 episode \x93Life On the Fast Lane\x94. Voiced by the comedian and filmmaker Albert Brooks , Jacques was a French bowling instructor who captures the attention of Marge Simpson . Ultimately, however, Marge decides against accepting Jacques\x92 romantic advances, and remains with Homer. On Sunday (19 March), the character is set to return in a season 34 episode titled \x93Pin Girl\x94. The official synopsis for the episode reads: \x93A mysterious figure from Marge\x92s past returns to coach her for a bowling tournament.\x94 Showrunner Al Jean confirmed on social media that the \x93mysterious figure\x94 will, in fact, be Jacques, voiced again by Brooks. While this will represent the first time Brooks has returned to the role, the Modern Romance filmmaker has voiced a number of other characters on The Simpsons over the course of its run. . @TheSimpsons Don\x92t nap on new episode Sunday. Pin Gal with the return of Jacques! pic.twitter.com/XpoxICBDyA \x97 Al Jean (@AlJean) March 13, 2023 His other one-off roles include the supervillainous Hank Scorpio in the classic season eight episode \x93You Only Move Twice\x94, motivational speaker Brad Goodman in \x93Bart\x92s Inner Child\x94, and Russ Cargill in The Simpsons Movie . Jacques has appeared in a non-speaking cameo a couple of times since his original appearance, but \x93Pin Girl\x94 represents the first time the character has been brought back in a proper capacity. Earlier this year, one of the writers and former showrunners of The Simpsons explained a bizarre mistake in one of its early episodes . Last month, it was reported that an episode of the series had been removed from Disney Plus in Hong Kong due to a joke about \x93forced labour camps\x94 in China. In the episode, Marge is shown images of China\x92s Great Wall during an exercise class, when her instructor says: \x93Behold the wonders of China. Bitcoin mines, forced labour camps where children make smartphones.\x94', 'The Simpsons is set to bring back a notorious early character \x96 33 years after his last appearance. Season one of the long-running cartoon introduced a character called Jacques, in the 1990 episode \x93Life On the Fast Lane\x94. Voiced by the comedian and filmmaker Albert Brooks , Jacques was a French bowling instructor who captures the attention of Marge Simpson . Ultimately, however, Marge decides against accepting Jacques\x92 romantic advances, and remains with Homer. On Sunday (19 March), the character is set to return in a season 34 episode titled \x93Pin Girl\x94. The official synopsis for the episode reads: \x93A mysterious figure from Marge\x92s past returns to coach her for a bowling tournament.\x94 Showrunner Al Jean confirmed on social media that the \x93mysterious figure\x94 will, in fact, be Jacques, voiced again by Brooks. While this will represent the first time Brooks has returned to the role, the Modern Romance filmmaker has voiced a number of other characters on The Simpsons over the course of its run. . @TheSimpsons Don\x92t nap on new episode Sunday. Pin Gal with the return of Jacques! pic.twitter.com/XpoxICBDyA \x97 Al Jean (@AlJean) March 13, 2023 His other one-off roles include the supervillainous Hank Scorpio in the classic season eight episode \x93You Only Move Twice\x94, motivational speaker Brad Goodman in \x93Bart\x92s Inner Child\x94, and Russ Cargill in The Simpsons Movie . Jacques has appeared in a non-speaking cameo a couple of times since his original appearance, but \x93Pin Girl\x94 represents the first time the character has been brought back in a proper capacity. Earlier this year, one of the writers and former showrunners of The Simpsons explained a bizarre mistake in one of its early episodes . Last month, it was reported that an episode of the series had been removed from Disney Plus in Hong Kong due to a joke about \x93forced labour camps\x94 in China. In the episode, Marge is shown images of China\x92s Great Wall during an exercise class, when her instructor says: \x93Behold the wonders of China. Bitcoin mines, forced labour camps where children make smartphones.\x94', 'Join the most important conversation in crypto and web3! Secure your seat today\nAs crypto firms in the U.S scramble for alternatives to Silvergate and Signature Bank, an opportunity to capitalize on the calamity presents itself for Europe.\nEurope has struggled at times to keep up with the U.S in terms of crypto innovation. Whether that be via stablecoins, trading volumes or adoption, it has felt like the U.S has been the center of crypto since its inception.\nConor Ryder is a research analyst at leading crypto data firmKaiko.\nHowever, the longer it takes U.S banks to declare they’re open for crypto business – i.e., receptive to taking in some of the millions of dollars once parked at Silvergate – the more likely it is that crypto firms could choose somewhere like Europe with more regulatory clarity and easier fiat payment rails.\nRegulatory clarity in Europe in the form of MiCA, the Markets in Crypto-Assets Act, paints a stark contrast to the ambiguity in the U.S., where firms face new regulatory headwinds seemingly every day. This creates an increasingly challenging environment for the operations of any crypto organization. For new and existing market entrants this is going to be a significant consideration.\nIn addition, it seems that U.S. policymakers are doing their best to suffocate dollar on-ramps into crypto, leaving the door wide open for the rest of the world to gain a competitive edge over the U.S.\nSee also:The Future of Crypto Markets Will Be Driven by Developments in the East/ Opinion\nWhen it comes to trading, the good news for investors is the crypto industry has become increasingly less reliant on fiat currencies over the past few years. In fact, the percentage of market share of all volume on centralized exchanges for stablecoins just hit an all-time high following the Silvergate troubles last week as investors continue to prefer stablecoins to traditional fiat. In the last year alone, stablecoins have risen from 79% of volumes to over 90%, commanding the vast majority of volumes on exchanges.\nLess of a reliance on fiat means the banking cutoff in the U.S actually directly hurts crypto investors less. Crypto investors are increasingly using stablecoins as a means of transacting, but the businesses behind the platforms traders use are not. It is these institutions themselves that will feel the brunt of a dollar (USD) cutoff first.\nHaving no access to a U.S bank means businesses such as exchanges will have to change their approach to the services they can offer. Take trading hours: If an exchange has no access to 24/7 USD payment networks, it is well within the realm of possibilities that U.S exchanges could only serve customers during U.S trading hours. In this scenario, U.S.-based investment funds could also suffer via the opportunity cost of missed trading strategies outside of trading hours.\nEuro volumes, however, are showing that one region’s pain is another’s gain. Early indicators are that the euro may be a big winner of a U.S. crypto banking cutoff, with volumes spiking for the BTC-EUR pair as the Silvergate troubles ensued. The bitcoin-euro pair hit its highest level of market share against the U.S. dollar ever, rising to 21% of BTC volumes last week from 7% in November.\nThe question now is will a U.S bank come forward and raise its hand, welcoming crypto deposits? If the answer is no, not for a while, we could see the trend of rising euro volumes continue.\nWhether a bank will raise its hand in the U.S is the million-dollar question. The bigger banks have no incentive to take on crypto deposits right now, especially with the consolidation of bigger banks we’re seeing in the banking sector.\nIt’s the smaller banks that need to attract a fresh wave of deposits as they struggle to compete with the likes of JPMorgan Chase in an ever-more oligopolistic market. In an ideal world, several smaller banks would open their doors to crypto, spreading the risk more evenly across a few different banks as opposed to all crypto deposits being concentrated in a couple of banks, as was the case before.\nHowever, the smaller banks will see Silvergate and Signature as a stark example of banks that could not diversify their deposits to a level that ensured some protection from a bank run, and it could be a while yet before we see the next batch of banks open their doors to crypto.\nThat leaves a window of opportunity for Europe, and the euro, to gain relevance in an industry they have been lacking of late.\nSee also:Banking Crisis in U.S. Likely to Push Crypto Firms Offshore/ Finance', 'Join the most important conversation in crypto and web3! Secure your seat today As crypto firms in the U.S scramble for alternatives to Silvergate and Signature Bank, an opportunity to capitalize on the calamity presents itself for Europe. Europe has struggled at times to keep up with the U.S in terms of crypto innovation. Whether that be via stablecoins, trading volumes or adoption, it has felt like the U.S has been the center of crypto since its inception. Conor Ryder is a research analyst at leading crypto data firm Kaiko. However, the longer it takes U.S banks to declare they\x92re open for crypto business \x96 i.e., receptive to taking in some of the millions of dollars once parked at Silvergate \x96 the more likely it is that crypto firms could choose somewhere like Europe with more regulatory clarity and easier fiat payment rails. Regulatory clarity in Europe in the form of MiCA, the Markets in Crypto-Assets Act, paints a stark contrast to the ambiguity in the U.S., where firms face new regulatory headwinds seemingly every day. This creates an increasingly challenging environment for the o
**Last 60 Days of Bitcoin's Closing Prices:**
[]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-19
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $524,445,170,938
- Hash Rate: 320415242.4026988
- Transaction Count: 269131.0
- Unique Addresses: 619482.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.63
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: By Tom Westbrook and Kevin Buckland
SINGAPORE, March 10 (Reuters) - Falling bank stocks drove Asian markets lower on Friday, while bonds rallied and expectations for U.S. interest rate rises were reduced after a surprise capital raising at a Silicon Valley startup lender unleashed fears of broader banking-system stress.
European and U.S. equity markets looked set to echo those losses when they reopen, with futures pointing lower.
The yen weakened and Japanese government bond yields plunged after the Bank of Japan opted to keep stimulus settings steady at Governor Haruhiko Kuroda's last meeting in charge, as expected.
The benchmark 10-year JGB yield, which the BOJ pins within 50 basis points either side of zero, pulled back sharply from that ceiling to last sit at 0.445%. The yen was last down about 0.4% at 136.615 per dollar after a knee-jerk drop of as much as 0.6%.
Japan's Nikkei pared earlier losses to be down 1% after the central bank decision but selling began later in the session and the index was off 1.62% late in the day.
MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.7% to a two-month low, with banks and Hong Kong tech stocks leading losses. Australia's benchmark index S&P/ASX200 lost 2.28%.
S&P 500 futures were down 0.73%, following the cash index dropping 1.8% and falling below its 200-day moving average.
In early European trades, the pan-region Euro Stoxx 50 futures were down 1.56%, German DAX futures was 1.29% and FTSE futures was 1.43% lower.
The U.S. dollar edged higher and short-end Treasuries extended sharp overnight gains - driving two-year yields down another 12 basis points to 4.7837% in Tokyo trading.
Fed funds futures also rallied strongly, pulling the market-implied peak in U.S. rates from above 5.6% to just below 5.5%, and pricing about a 50% chance of a 50 basis point Fed hike this month, down from more than 70% a day earlier.
The sharp moves followed SVB Financial Group, parent of startup-lender Silicon Valley Bank, noting a higher-than-expected "cash burn" from clients, falling deposits and rising costs of capital. It announced an equity sale hours after crypto-focused lender Silvergate said it was closing down.
SVB stock was still sliding after the bell and has lost about 70% of its value in 24 hours. Shares of big banks were dragged down with it, with J.P. Morgan Chase & Co losing 5.4%, Citigroup down 4.1% and big lenders in Asia and Australia on the slide - albeit to a lesser extent - on Friday morning.
"I think there's speculation that there are wider problems within the U.S. banking system, or there's that potential, and that's caused a re-think of Fed policy," said ING economist Rob Carnell in Singapore.
"The thinking is that if what the Fed's doing is causing this distress, then perhaps they won't be doing that much more," he said.
"But it's a big move on the back of what seems to be some fairly woolly speculation...which just shows how antsy the markets are right now, and this has spilled into all the other markets."
Surprisingly high U.S. jobless claims have offered a weak entree for broader U.S. employment data later on Friday, putting some pressure on recent dollar gains.
The figures loom as a crucial barometer of the health of the U.S. labour market and the direction of interest rates after Fed Chair Jerome Powell warned rates could rise further and faster if data shows that is needed to get a grip on inflation.
Bitcoin was nursing losses just above the psychological $20,000 level as the fallout from the demise of Silvergate weighs on the broader mood in digital assets.
Brent crude futures eased to $81.12 a barrel while gold was pinned at $1,828.97 an ounce.
(Reporting by Tom Westbrook, Kevin Buckland and additional reporting Scott Murdoch. Editing by Simon Cameron-Moore and Kim Coghill)...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
| |
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin is pushing past $28,000 but might face some resistance at $30,000.\nInsights:What\'s driving the recent surge in bitcoin\'s price? Investors are looking for a safer bet in cryptos but liquidity remains an issue.\nCoinDesk Market Index (CMI)\n1,205\n+26.6▲2.3%\nBitcoin (BTC)\n$28,006\n+825.2▲3.0%\nEthereum (ETH)\n$1,780\n−2.8▼0.2%\nS&P 500\n3,916.64\n−43.6▼1.1%\nGold\n$1,980\n+9.9▲0.5%\nNikkei 225\n27,333.79\n+323.2▲1.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin breaks free of its banking troubles\nGood morning, Asia.\nBitcoin is continuing its tear as Asia begins its business day.\nThe world’s largest digital asset by market capitalization recently pushed past $28,000, gaining 3% in the last 24 hours.\nRemember how the decline of crypto-friendly banks was supposed to smother crypto?\nThat narrative didn’t last long. Turns out that after the first chapter of the book, where Silvergate and Signature die, there’s a systematic crisis of confidence in the global financial system, which has rekindled an appetite for risk assets as traditional finance (TradFi) liquidity dries up – despite shaky fiat pipelines.\nIn Asia, things are slightly different.\nDavid Bachelier, Asia-Pacific CEO of Flowdesk, points out that Singapore and the rest of Asia weren\'t really affected by the collapse of Silicon Valley Bank (SVB) and the rest of the U.S. banking crisis, but it remains uncertain if banks are going to step in and try and fill the gap.\n“SVB was a key player in providing funding and other services to high-growth companies that many Asian banks do not offer,” he told CoinDesk in a note. “This presents a critical moment for the venture industry in Asia, with an opportunity to fill the gap left by the collapse of American players."\nBachelier said that while there might not be an Asian SVB anytime soon, one thing these banks are doing is stepping up and providing fiat pipelines for crypto.\n“The recent announcement from Coinbase highlighting banking partnerships in Singapore is also interesting to note as it highlights an American company expanding further into the Asian region, suggesting the comparatively minimal disruption in response to these banking crises,” he said.\nThe question is, though, how long will this rally last?\nJoe DiPasquale, CEO of digital asset manager BitBull Capital, said bitcoin is preparing to test $30,000, but, fundamentally, support might not be there.\n“From a technical aspect, the current price action is overheated and we could see a correction toward $25K in the near term. The major market mover will most likely be [the Federal Reserve\'s Federal Open Market Committee meeting], in about [three] days, where the majority of the analysts believe we will see a 25 [basis point interest rate] hike at best,” DiPasquale told CoinDesk in via email.\nSo perhapswe won’t be hitting $1 million bitcoinby June.\n[{"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "+3.0%", "DACS Sector": "Currency"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "+2.5%", "DACS Sector": "Currency"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+1.8%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22123.0%", "DACS Sector": "Entertainment"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22122.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Cosmos", "Ticker": "ATOM", "Returns": "\\u22120.6%", "DACS Sector": "Smart Contract Platform"}]\nCrypto Investors\' \'Flight to Quality\'\nIn the days following the shutdown ofSilvergate bank, the collapse ofSilicon Valley Bankand thenSignature Bank, many concluded the only place crypto prices could go was down. But then the Fed intervened in the sector (just don’t call it a bailout) and bitcoin looks to be heading back toward the moon, starting the week just over $28,000, which puts it up 27% over the last week.\nOne might ask how this is possible when themarket is still predicting interest rates are going to risein March and later in May.\nIt isBank Term Funding Program (BTFP)for the win.\nWhile some, like former BitMEX CEO Arthur Hayes, have called BTFP a larger stimulus measure for bitcoin than COVID-19-induced quantitative easing, reduced liquidity appears to be a knock-on effect.\nData from CryptoQuantwould suggest that the market is as dry as it gets. Transfer volume, active addresses and transactions are all down by double digits.\nCrypto research firm Kaiko has been concerned about the lack of liquidity in order bookssince February.\n“This is a huge amount of buy pressure on the markets,” Kaiko Director of Research Clara Medalie said during a recent appearance on CoinDesk TV. “As the markets aren’t that liquid, any significant buying pressure is likely going to have a considerable impact on prices as a whole.”\nThe extent to which liquidity is a problem is up for debate, however.\nBitMEX Acting CEO Stephan Lutz downplayed concerns in a recent interview with CoinDesk. “Bitcoin’s liquidity is still very solid and sound,” he said. “We haven\'t seen people reducing their trading volumes, just the other way around, which is probably due to the fact that many of our loyal and big customers are bitcoiners.”\nIn a recent report theexchange released Monday, BitMEX plays out a scenario where risk appetite recovers as the Fed pivots on inflation. But this was written before BTFP came into the picture.\n“Even if you have another hike of interest rates, [BTFP] just floods the market with liquidity again,” he said. “Quantitative easing is back in a different disguise.”\nWhile Lutz points out that it would still be difficult to sell a large quantity of bitcoin without moving the market, sophisticated market players don’t do this and have algorithms to calculate how to split up the order to close the deal without impacting price.\n“If they really want to liquidate … it’s not an issue,” he said.\nLutz argues that bitcoin’s recent surge is a “flight to quality,” almost parallel to what you would see in traditional markets during a time of crisis.\n“You see stablecoin angst. People are going out of stables and back into bitcoin,” Lutz said, highlighting that the most recent patterns of trades he’s seen involve creating synthetic U.S. dollar equivalent positions in derivatives markets via shorts.\nThe BitMex clientele – bitcoiners at heart – would rather go into altcoins instead of U.S. dollar stablecoins.\nLiquidity doesn’t just refer to the ability of the market to absorb moves back and forth into bitcoin. It’s also about fiat-to-crypto pipes.\nLutz said BitMex wasn’t impacted by the recent U.S. tech and crypto banking crisis, largely because BitMex isn’t in the U.S. and it doesn’t offer fiat on-ramps.\nBut this was expected, really, as the exchange has always been disconnected from the fiat system – a strategy that has avoided the panic over liquidity some of its competitors were cursed with.\nParis Blockchain Week 2023\nNFT Los Angeles 2023\n9:15 a.m. HKT/SGT(1:15 UTC)People\'s Bank of China Interest Rate Decision\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nSilicon Valley Bank’s Former Parent Company Files for Bankruptcy; Bitcoin Flirts With $27K\nSilicon Valley Bank\'s former parent company, SVB Financial Group (SIVB), filed for Chapter 11 bankruptcy protection Friday in the U.S. Bankruptcy Court for the Southern District of New York. Former New York State Department of Financial Services Superintendent Maria Vullo shared her reaction. Separately, bitcoin (BTC) is flirting with $27,000. Coinbase Institutional Head of Research David Duong discusses his crypto markets analysis.\nPolygon Partners With Salesforce for NFT-Based Loyalty Program:Salesforce partnership with the blockchain platform marks another major company’s investment into customer engagement initiatives using Web3 technologies.\nHow Effective Altruism Power Brokers Helped Make Sam Bankman-Fried:Academic philosophers covered for Sam Bankman-Fried’s moral failings as long ago as 2018 – and reaped the rewards.\nBitcoin Is a Clear Winner of the U.S. Banking Crisis:The narratives around bank failures, stablecoins and interest rate hikes seem strong enough to propel the price of bitcoin, says CoinDesk\'s George Kaloudis.\nSVB Collapse Shows the Rot in U.S. Banking and Dollars:Bank balances and money itself are effectively illusions. Reserve co-founder Nevin Freeman considers an alternative.\nThe Truth About Artificial Intelligence and Creativity:Artificial intelligence allows creators to be creative, but even sophisticated AIs are really just an advanced form or copying, says David Z. Morris. This feature is part of CoinDesk\'s Culture Week.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin is pushing past $28,000 but might face some resistance at $30,000. Insights: What\'s driving the recent surge in bitcoin\'s price? Investors are looking for a safer bet in cryptos but liquidity remains an issue. Prices CoinDesk Market Index (CMI) 1,205 +26.6 ▲ 2.3% Bitcoin (BTC) $28,006 +825.2 ▲ 3.0% Ethereum (ETH) $1,780 −2.8 ▼ 0.2% S&P 500 3,916.64 −43.6 ▼ 1.1% Gold $1,980 +9.9 ▲ 0.5% Nikkei 225 27,333.79 +323.2 ▲ 1.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin breaks free of its banking troubles Good morning, Asia. Bitcoin is continuing its tear as Asia begins its business day. The world’s largest digital asset by market capitalization recently pushed past $28,000, gaining 3% in the last 24 hours. Remember how the decline of crypto-friendly banks was supposed to smother crypto? That narrative didn’t last long. Turns out that after the first chapter of the book, where Silvergate and Signature die, there’s a systematic crisis of confidence in the globa
**Last 60 Days of Bitcoin's Closing Prices:**
[]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-20
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $535,868,035,875
- Hash Rate: 333405049.5271326
- Transaction Count: 341288.0
- Unique Addresses: 725399.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.66
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Join the most important conversation in crypto and web3! Secure your seat today This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices CoinDesk Market Index (CMI): 1,014 −2.0% Bitcoin (BTC): $21,608 −2.0% Ether (ETC): $1,530 −1.8% S&P 500 futures: 3,984.25 −0.3% FTSE 100: 7,878.94 −0.6% Treasury Yield 10 Years: 3.98% +0.0 Top Stories Silvergate Bank, a lender that helped customers move money in and out crypto, will "voluntarily liquidate" its assets and wind down operations, its holding company, Silvergate Capital (SI) , said Wednesday. The bank was under fire after announcing a week ago it would delay filing its annual 10-K report. It had to liquidate much of its holdings late last year to meet customers’ requests for withdrawals in the aftermath of the collapse of crypto exchange FTX. Silvergate turned its focus to crypto 10 years ago. It was a local commercial real estate lender in San Diego before. The collapse of Silvergate Bank is dragging down bitcoin volume. CryptoQuant data shows that transfer volume, denominated in BTC, is down 35% over the last 24 hours. At the same time, the total number of transactions on the Bitcoin blockchain has dropped by 17%, and the number of active addresses has fallen by 10%. So far in March, daily bitcoin trading volume has averaged $25 billion, according to data from CoinGecko, versus $36 billion in February. “Coupled with the drop in the price of bitcoin, we have seen a noticeable drop in trading volumes, too, across the ecosystem when news about Silvergate’s financial difficulties broke,” said Guilhem Chaumont, CEO of crypto market maker Flowdesk. JPMorgan (JPM) is ending its banking relationship with Gemini , the cryptocurrency exchange owned by entrepreneurs and twins Cameron and Tyler Winklevoss, according to a person familiar with the situation . In early 2020, JPMorgan took on Gemini and U.S.-listed exchange Coinbase (COIN) as customers, the Wall Street Journal reported. Coinbase's banking relationship with JPMorgan remains intact, a spokesperson for the San Francisco-based exchange confirmed. Gemini didn’t respond to requests for comment. In a tweet sent after the publication of the CoinDesk article, however, Gemini wrote, "Despite reporting to the contrary, Gemini's banking relationship remains intact with JPMorgan." Reuters has also since reported on the matter. Story continues Chart of the Day (TradingView) The chart shows the MOVE index, which tracks volatility in the U.S. Treasury market, continues to rise and has reached its highest level since December. "Higher volatility for assets that are supposed to be the safest in the world is not exactly a vote of confidence," Noelle Acheson, author of the Crypto is Macro Now newsletter, wrote in Wednesday's edition. The crypto market is one of the purest liquidity plays, and liquidity is affected by asset price volatility. Higher volatility in bonds means increased collateral requirements. Trending Posts Crypto.com Struggles to Maintain Fiat On-Ramps in the Face of Crypto Banking Crisis FTX Proposes $4M Bonus Program as It Seeks to Retain Staff Polygon, Solana Lead Majors Slide Amid Bitcoin Weakness...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today Crypto trading and market making firm Auros, a victim of crypto exchange FTX’s bankruptcy , has overcome its liquidity struggles, Chief Investment Officer Benjamin Roth told CoinDesk in an interview. Auros was released from a court-supervised provisional liquidation last week after a major debt restructuring, and secured a $17 million fresh investment led by traditional high-frequency trading company Vivienne Court Trading and public bitcoin mining company Bit Digital (BTBT). The turn of events comes after months of behind-the-scenes maneuvering to keep the firm running following the implosion of crypto exchange FTX , which wiped out multiple crypto firms and caused painful losses at some trading companies . Before the FTX crash, Auros was among the top 10 to 15 digital asset market makers, handling about 1% to 2% of the total crypto trading volume, according to the company. The firm encountered liquidity troubles in November when some $20 million of its digital assets were stuck on now-defunct FTX and Auros missed payments on some $18 million of decentralized finance ( DeFi ) loans. After filing for provisional liquidation on the British Virgin Islands, the firm spent about five months under court supervision negotiating how to repay its outstanding debt and make its creditors whole. Roth said the company is leaving the FTX shock behind. “We\'re the same company that we were pre-FTX,” he said. Read more: These Crypto Market Makers Were Wary of FTX Before Collapse Navigating FTX fallout After FTX imploded, and as fear among market participants mounted about a full-blown insolvency crisis in crypto, lenders raced to recall outstanding loans to mitigate potential losses. With a significant chunk of funds locked up on FTX, Auros faced a sudden liquidity crunch to repay all of its desperate creditors. “We were in a position where we didn\'t have enough liquid funds to meet all of those open term loans,” Roth said. Story continues The Auros management decided not to repay any of the lenders at the time and voluntarily filed for provisional liquidation with the British Virgin Islands (BVI) court as an intermediary between lenders and Auros. “We weren\'t paying immediately because our intention was to pay back everything,” according to Roth. “We\'ve been profitable, so it really was just a matter of buying time to ensure that creditors were all treated fairly and equally.” The BVI assisted in restructuring all outstanding Auros debt, converting outstanding open-term loans – credit lines without a repayment deadline – to termed loans with maturity. As for the some $18 million of DeFi loans, the firm already repaid 55% of its debt on blockchain-based credit platform Maple , and spread the rest to nine-month and three-month loans, CoinDesk reported last month. Roth declined to disclose details about the restructured debt to centralized lenders citing contractual obligations. Auros received the sealed court order from the BVI judge terminating the provisional liquidation process last Wednesday, according to the firm’s spokesperson. Auros ran a lean business, cognizant that crypto markets have been cyclical, but Roth said he was “laser-focused” on finding additional cost savings in recent months. The firm’s main cost-cutting measure was dramatically reducing Amazon Web Service costs and rethinking data center management – trading businesses need extensive cloud computing capacity to run trading algorithms – to rein in operational costs. It also eliminated staff redundancies and laid off some workers. The firm currently employs about 55 people globally. Strategic investment Roth said that before FTX’s fall, Auros was already prepared to raise capital, and that the court supervision complicated the fundraising efforts. “It accelerated the requirement to raise but slowed the process because every decision had to go through the provisional liquidators,” he said. The investment by Vivienne Court means the Australia-based traditional trading firm will have exposure to digital asset trading. “They were not in crypto, and they were thinking of getting into crypto,” Roth said about the investment. Marcel Klooss, co-founder of Vivienne Court, said in a statement that "our two firms have complementary skill sets and unique attributes that will generate sustained synergies." The second-largest investor, the Nasdaq-listed BitDigital, will double as a client and strategic partner for the new derivatives solutions business Auros is expanding to provide yield and protection offerings to clients. For BitDigital and other miners that manage a large treasury of cash and digital assets such as bitcoin ( BTC ) and ether ( ETH ), Auros will help them hedge on forward production and earn high yields on their holdings by creating options structures. "The team’s deep derivatives background and expertise across technology and finance also bring the necessary capabilities to cater to our growing business needs," Samir Tabar, Bit Digital\'s chief strategy officer, said in a statement. Other investors in the round include asset manager and blockchain tech developer Trovio, venture capital investment firm Primal Capital, trading firm Epoch Capital and a group of senior and former traders of proprietary trading and market making firm Optiver. Marcel Klooss and Bit Digital\'s co-founder Hughes Ching will join Auros’ board of directors. Auros’ capital raise comes as investments into crypto businesses have mostly evaporated following a year-long bear market. The investment round was important as Roth expects consolidation in the crypto industry this year. “A lot of small players will just disappear,” Roth said. “It\'s not easy out there to make money at the moment, even if you are big and sophisticated.” UPDATE (March 21, 1:00 UTC): Added details and comments about the investment.', 'Join the most important conversation in crypto and web3! Secure your seat today\nCrypto trading and market making firm Auros, a victim of crypto exchangeFTX’s bankruptcy, has overcome its liquidity struggles, Chief Investment Officer Benjamin Roth told CoinDesk in an interview.\nAuros was released from a court-supervised provisional liquidation last week after a major debt restructuring, and secured a $17 million fresh investment led by traditional high-frequency trading company Vivienne Court Trading and public bitcoin mining companyBit Digital(BTBT).\nThe turn of events comes after months of behind-the-scenes maneuvering to keep the firm running following theimplosion of crypto exchange FTX, which wiped outmultiplecryptofirmsand caused painful losses at sometradingcompanies.\nBefore the FTX crash, Auros was among the top 10 to 15 digital asset market makers, handling about 1% to 2% of the total crypto trading volume, according to the company. The firm encountered liquidity troubles in November when some $20 million of its digital assets were stuck on now-defunct FTX and Aurosmissed paymentson some $18 million of decentralized finance (DeFi) loans.\nAfter filing for provisional liquidation on the British Virgin Islands, the firm spent about five months under court supervision negotiating how to repay its outstanding debt and make its creditors whole. Roth said the company is leaving the FTX shock behind.\n“We\'re the same company that we were pre-FTX,” he said.\nRead more:These Crypto Market Makers Were Wary of FTX Before Collapse\nAfter FTX imploded, and as fear among market participants mounted about a full-blown insolvency crisis in crypto, lenders raced to recall outstanding loans to mitigate potential losses. With a significant chunk of funds locked up on FTX, Auros faced a sudden liquidity crunch to repay all of its desperate creditors.\n“We were in a position where we didn\'t have enough liquid funds to meet all of those open term loans,” Roth said.\nThe Auros management decided not to repay any of the lenders at the time and voluntarily filed for provisional liquidation with the British Virgin Islands (BVI) court as an intermediary between lenders and Auros.\n“We weren\'t paying immediately because our intention was to pay back everything,” according to Roth. “We\'ve been profitable, so it really was just a matter of buying time to ensure that creditors were all treated fairly and equally.”\nThe BVI assisted in restructuring all outstanding Auros debt, converting outstanding open-term loans – credit lines without a repayment deadline – to termed loans with maturity. As for the some $18 million of DeFi loans, thefirm already repaid55% of its debt on blockchain-based credit platformMaple, and spread the rest to nine-month and three-month loans, CoinDesk reported last month. Roth declined to disclose details about the restructured debt to centralized lenders citing contractual obligations.\nAuros received the sealed court order from the BVI judge terminating the provisional liquidation process last Wednesday, according to the firm’s spokesperson.\nAuros ran a lean business, cognizant that crypto markets have been cyclical, but Roth said he was “laser-focused” on finding additional cost savings in recent months.\nThe firm’s main cost-cutting measure was dramatically reducing Amazon Web Service costs and rethinking data center management – trading businesses need extensive cloud computing capacity to run trading algorithms – to rein in operational costs. It also eliminated staff redundancies and laid off some workers. The firm currently employs about 55 people globally.\nRoth said that before FTX’s fall, Auros was already prepared to raise capital, and that the court supervision complicated the fundraising efforts. “It accelerated the requirement to raise but slowed the process because every decision had to go through the provisional liquidators,” he said.\nThe investment by Vivienne Court means the Australia-based traditional trading firm will have exposure to digital asset trading.\n“They
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-03-21
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $541,686,338,400
- Hash Rate: 313920338.84048194
- Transaction Count: 327932.0
- Unique Addresses: 708659.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.68
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Join the most important conversation in crypto and web3! Secure your seat today
CoinDesk Market Index (CMI)
1,080.23
+14.3▲1.3%
Bitcoin (BTC)
$22,947
+211.3▲0.9%
Ethereum (ETH)
$1,577
+21.1▲1.4%
S&P 500 daily close
4,076.60
+58.8▲1.5%
Gold
$1,944
+20.6▲1.1%
Treasury Yield 10 Years
3.53%
▼0.0
BTC/ETH prices perCoinDesk Indices; gold is COMEX spot price. Prices as of about 4 p.m. ET
Bitcoin (BTC):The largest cryptocurrency by market value was recently trading at about $22,900, up 0.5% over the past 24 hours.
Equitiesclosed higher after the latest data showedEurope’s economy edging up. Investors have also been buoyed byChina’s recent economic reopening. Markets are awaiting the Federal Reserve’s Wednesday decision on a potential interest rate increase. The tech-heavy Nasdaq Composite closed up 1.6%, while the S&P 500 and the Dow Jones Industrial Average (DJIA) rose 1.4 and 1%, respectively. The Nasdaq finished itsbest January since 2001.
Want to receive our daily markets updates in your email inbox everyday?Subscribe to our First Mover newsletter here.
The year 2023 has begun on a positive note, with bitcoin up 40%. The rallycould be interrupted by a temporary price pullbackas Federal Reserve Chair Jerome Powell is likely to stick to his hawkish script during Wednesday's post-meeting press conference, analysts told CoinDesk.
• The Fed began its two-day meeting todayand will announce its rate decision at 19:00 UTC on Wednesday. Powell's press conference will follow the rate decision at 19:30 UTC (2:30 p.m. ET).
• Having raised rates by 425 basis points (bps) last year that included outsized moves of 75 bps and 50 bps, expectations are firmly centered on the Fed to slow the pace of tightening to 25 bps on Wednesday. In other words, a 25 basis point rate hike is priced in. The focus will be on whether Powell acknowledges the recentsoftening in inflation andeconomic activity, bolstering markets' hopes for an early pivot toward easing.
• The odds, however, are stacked against such an outcomebecause the recent rally in stocks and bonds and the decline in the U.S. dollar haveeased financial conditionsin the economy for the first time since April. That has dented the Fed's effort to counter rampant price pressures in the economy with tighter credit standards.
• "There is a strong possibility that in the press conference Powell will be more hawkish and re-tighten financial conditions.For that reason, we could see a healthy short-term correction in crypto and all risk assets," Nauman Sheikh, head of treasury at crypto asset management firm Wave Financial, said.
• Sheikh added that the market has run ahead of itself in pricing the so-called Fed pivotdespite repeated warnings by the Fed that rates will remain "higher for longer."
Ether (ETH):ETH was trading up 0.9% at about $1,570.
Decentraland (MANA):The native token of the metaverse project hasgained about 152% in January.Decentraland’s price uptick has largely followed its announcement of a number ofnew featuresmid-month, although the platform’suser figureshaven’t increased significantly. MANA’s price was recently trading up 3% to 74 cents Tuesday.
Sudoswap (SUDO):Popular non-fungible token (NFT) marketplace Sudoswap on Mondayissued and airdropped its sudo tokens to usersbased on predetermined criteria. Sudoswap allows users to instantly swap their NFTs for other tokens on the Ethereum blockchain. It locks over $3.7 million worth of token value as of Tuesday, perDeFiLlama.
By Glenn Williams Jr.
Both of the largest cryptocurrencies by market capitalization are trading much higher than they were during crypto's darkest days last year. Below is a listing of the five worst trading days of 2022 for both BTC and ETH. The assets have been highly correlated and so the lists overlap. Both lists also correspond to days of massive uncertainty around the solvency and operations of several crypto institutions.
BTC's worst 2022 trading day was a 16% decline on June 13, coinciding with Celsius Network's announcement that it was pausing investor withdrawals. ETH's worst trading day was a 17.5% decline on Nov. 9, when Binance retreated from a deal to acquire troubled crypto exchange FTX.
BTC and ETH have surpassed the closing prices on those beleaguered days with investors seemingly having already pivoted from negative contagion of those events to focus on more currently relevant factors, such as inflation numbers and the next Fed interest rate announcement.
Read the full technical take here.
• Listen 🎧:Today’s "CoinDesk Markets Daily" podcast discusses the latest market movements and a look at how the Bank Secrecy Act relates to crypto.
• US Senators Press Crypto Bank Silvergate on Ties to FTX: Bloomberg
• BankProv Stops Offering Loans Collateralized With Crypto Mining Machines
• Celsius Used New Customer Funds to Pay for Withdrawals: Independent Examiner
• Wormhole Wins Vote to Be Uniswap’s Designated Bridge to BNB Chain
• Mango Markets Exploiter Thought a DAO Protected Him. Then US Courts Showed Up
• Kazakhstan Looks to Tighten Rules for Crypto Exchanges After FTX Collapse
• Commissioner: CFTC Needs More Dialogue With Market Participants to Modernize Regulation...
- Reddit Posts (Sample): [['u/TriggeredEllie', '[P5V4 p2+] Someone pls spoil me on when Wilfried gets put in his place', 43, '2023-03-21 00:08', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/', 'I’m sorry after reading today’s chapter my blood pressure can’t handle this. I wanna slap this little btch. And Sylvester honestly how dare they put down Roz so much and continuously take advantage of her, I just can’t.\n\nI just wanna know if it happens in this volume, and if yes please tell approximate what part (1-8?) for me so I can know how long I have to wait until it happens. \n\nPlease don’t tell me how he gets put in his place, but maybe rate the satisfaction level on a scale of 1-10? Like how satisfying is the punishment/consequences of his idiocy? 10 being peak and 1 being not at all satisfying. \n\nThis answer may or may not allow me to sleep at night', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/', '11wzd2c', [['u/dtwilight', 64, '2023-03-21 00:31', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd0lfyw/', "For syl, I think he's caught in-between. He wants his duchy to be better, but not 8th ranked better. He doesn't want, nor does he have the retainers to be 8th. It's why he asked to not have their rank go up this year, and keep themselves where they are. The Leisgangs are putting a ton of pressure on him to acknowledge Rozemyne's achievements, while trying to figure out how to prop up Wilfred as the next archduke.\n\nCharlotte's precise arrows to Syl and Florencia's situation they put themselves in show us that the archducal couple are the ones *not thinking current and future actions through*, even though we know that Wilfred getting toxic whispers in his ears that are affecting his judgement, as flawed as they already were before.\n\nRozemyne's going to have to step up, yet again, to keep things under control.", '11wzd2c'], ['u/TriggeredEllie', 48, '2023-03-21 00:38', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd0meh7/', '100% all of that. \n\nI get not wanting to rise higher atm from Syl. I get the pressure from Liesegang, but they are treating Roz like they treated Ferdinand. Someone to shove work on, take advantage of, and then discard.\n\nBoth Roz and Ferdinand loved the temple bc it gave them reprieve. But both inherently love their duchy, and want to see it improved. Roz does that even better than Ferd, and that scares them.\n\nSyl has his head stuck up his own b hole to get Flo pregnant, demand Wil to be the next aub, and push ALL THE WORK on Roz while telling her that her working hard to improve the duchy caused him problems and to shut up and be quiet. Instead of consulting Roz abt this he is going behind her back and doing shady shit, and Wil is just rejoicing in all of this bc he gets to be propped up despite being a failure just like Veronica wanted.\n\nI just need to know when reality crushes down on Wilbur and he gets metaphorically slapped in the face bc this chapter pissed me off', '11wzd2c'], ['u/Vestny', 41, '2023-03-21 00:41', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd0mxqa/', 'Honestly its hard to say he gets put in his place but by early-mid p5v6 a lot of what is going on now becomes more clear. This part has alluded to a lot going on behind the scene. Some will be explored later in this same book but you can pretty much say that books 1-3 is the first arch of part 5 with 4-6 being the second one.', '11wzd2c'], ['u/dtwilight', 36, '2023-03-21 00:44', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd0n8ix/', "Like father, like son; both are dependent on the people with the talents to do what needs to be done without ensuring their own retainers can copy the playbook. Love Sylvester, but he's been slowly backing himself into a corner.", '11wzd2c'], ['u/TriggeredEllie', 19, '2023-03-21 01:10', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd0qyah/', 'Ugh I can’t believe we have to wait so long…\n\nHow satisfying is it would u say? Worth the wait?', '11wzd2c'], ['u/ljkp', 31, '2023-03-21 01:12', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd0r7v7/', 'I think it will be a good direction and you will realise that your bloodveins are bulging for fewer reasons than you currently think they are. Even next week will give a little bit more insight on the situation, though it will become much more clear in P5V6.', '11wzd2c'], ['u/MayaNM', 12, '2023-03-21 01:50', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd0wiw8/', 'P5V6 like other people said, and for me there were newer, more important people and things to mald over, so Wilf and his issues seemed insignificant by comparison. But I never really cared about him to begin with so your mileage might vary.', '11wzd2c'], ['u/Littlethieflord', 29, '2023-03-21 02:04', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd0yg51/', 'Ugh who even told them to get pregnant now anyways? Especially since we know that in the this world, noble women can just Plan B themselves, it never should have gotten this bad', '11wzd2c'], ['u/TriggeredEllie', 25, '2023-03-21 02:27', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd11mv0/', 'No fr! Like bro, u have 3 bio kids and one adopted, your duchy just went to shit and Syl has to fight for his life to not take a second wife, but NOOOO. iTs tIMe tO hAVe aNoThER BEBE', '11wzd2c'], ['u/NRRC1997', 23, '2023-03-21 03:08', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd177qk/', '"you will realize that your bloodveins are bulging for fewer reasons than you currently think they are"\n\nHow can a sentence so menacing get me so excited yet worried sick for what is to come?', '11wzd2c'], ['u/ljkp', 14, '2023-03-21 03:12', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd17qix/', 'Lol, it was not supposed to be menacing but rather slow you down. What I mean to say that people are angry for things that are not that big in the end. He is making mistakes here, but [P5V6] >!he is not malicious at all!<.', '11wzd2c'], ['u/jinyi_lie', 14, '2023-03-21 03:17', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd18crx/', "Very worth it, especially Part 5 vol 5, there are much more interesting parts that push the stories further. I like a chapter named >!Merchant Saint!< Regarding wilfried's situation will conclude at Part 5 vol 5, and final conclusion with leisegang at vol 6 as People said.", '11wzd2c'], ['u/Cool-Ember', 22, '2023-03-21 03:49', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd1cg7f/', 'First, >!your anger against Sylvester will be calmed in two weeks, probably next week.!<\n\nFor >!Wilfried, it’s up and down for the entire volume.!<', '11wzd2c'], ['u/Littlethieflord', 22, '2023-03-21 03:52', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd1ctiv/', 'I’m honestly more disappointed in Florencia. Like yes, I’m sure Syl wanted the baby and he would be absolutely inconsolable if she’d decided not to, but she’s the sensible one in this relationship, and in this situation especially, should have exercised her power as archduchess and his wife to just not', '11wzd2c'], ['u/awwnuts07', 20, '2023-03-21 07:07', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd1vkdk/', 'Are you seriously asking for spoilers but at the same time don’t want to be spoiled? Sorry, but a request like that is as ridiculous as the Leisegangs asking to drop Ehrenfest’s rank and I refuse to comply, so you’re gonna get spoilers…but blacked out.\n\nSpoilers for this vol and the future, obviously: Syl >!would absolutely refuse the Leisegangs idiotic request, but he can’t since he has no political support thanks to the purge. Thing is, the real aim of this request is to ruin the relationship between Rozemyne and the archducal family. They’re hoping this will piss her off enough that she openly starts defying archduke. Unfortunately, the current heads of the Leisegangs didn’t take into account their next generation also wouldn’t want to see their hard work undone, nor that they’ve become extremely capable in their own right and have the skills to push back against their elders!<.', '11wzd2c'], ['u/Mehmy', 17, '2023-03-21 07:07', 'https://www.reddit.com/r/HonzukiNoGekokujou/comments/11wzd2c/p5v4_p2_someone_pls_spoil_me_on_when_wilfried/jd1vlqs/', "Honestly, that just makes me more angry.\n\n>!If he's not being malicious that means he's actually just this stupid.!<", '11wzd2c']]], ['u/Not_a__Lawyer', "WE MUST STOP calling out people for holding or buying the currencies we don't like.", 11, '2023-03-21 00:24', 'https://www.reddit.com/r/CryptoCurrency/comments/11wzrqr/we_must_stop_calling_out_people_for_holding_or/', 'Greetings from Portugal.\n\nToo many of us are bullying other people simply because they are holding coins such as shib, doge, and so on. We must put an end to this. This is their money, not yours. They can keep or buy whatever they want because, well, you can guess why. \n\nSome of them may be new to cryptocurrency, while others may have purchased the coins for entertainment purposes. Whatever the reason,...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
| |
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['The White House today poured cold water on crypto, accentuating the negative aspects of digital assets throughout a massive, 513-page annual report . The first reference to digital assets in the 2023 Economic Report of the President—issued along with a yearly update issued by the Council of Economic Advisers—asserts that "blockchain technology has fueled the rise of financially innovative digital assets that have proven to be highly volatile and subject to fraud." And that was on page 43. "Although advocates often claim that digital assets, particularly crypto assets, are a revolutionary innovation, the design of these assets frequently reflects an ignorance of basic economic principles that have been learned in economics and finance over centuries," the report continues five pages later. "This inadequate design is often detrimental to consumers and investors." "Taxonomy of Digital Assets and Central Bank Money," Figure 8-1. The overall report—which includes over 100 pages of appendices—covers all aspects of the U.S. economy, including the rise of women in the labor force, climate change, imported goods, foreign investment, and education. But several sections address technology and digital markets. Chapter 7 is titled "Competition in the Digital Economy: New Technologies, Old Economics." And Chapter 8 takes crypto head on, under the heading "Digital Assets: Relearning Economic Principles." The conclusion? Crypto advocates need to go back to school, as they are "relearning the lessons from previous financial crises the hard way." White House Blames Congress for Failure to Enact Crypto Regulations "In addition to the decentralized custody and control of money, it has been argued that crypto assets may provide other benefits, such as improving payment systems, increasing financial inclusion, and creating mechanisms for the distribution of intellectual property and financial value that bypass intermediaries," the authors wrote. "So far, crypto assets have brought none of these benefits." The costs of crypto, meanwhile, have adversely impacted consumers, the financial system, and even the physical environment. Story continues "Indeed, crypto assets to date do not appear to offer investments with any fundamental value, nor do they act as an effective alternative to fiat money, improve financial inclusion, or make payments more efficient," the authors wrote. "Instead, their innovation has been mostly about creating artificial scarcity in order to support crypto assets’ prices." "Many of them have no fundamental value," they added. The authors then work their way through a number of "claims" made by crypto proponents, including the belief that crypto assets could be investment vehicles, could function like money without a central authority, enable fast digital payments, and increase financial inclusion and reduce the unbanked and underbanked. An extensive list of refutations follow, focused on potential harm to consumers and the lack of regulation and enforcement. "One of the principal areas where there is mass noncompliance is disclosure surrounding crypto assets that are securities," the report states, before returning to a running theme. "This lack of disclosure prevents investors from recognizing that most crypto assets have no fundamental value." Biden’s Tax Hike Proposal and What It Means for Bitcoin \'Wash Sales\' The council even takes a step back, and takes a stab at explaining Web3. "Proponents of blockchain technology claim that it will not only improve firms’ performance but also be the backbone of an entirely new Internet—Web3, the so-called new Internet," they wrote. Citing Signal app founder and cryptographer Moxie Marlinspike, the section concludes that some centralization is inevitable. "Once a distributed ecosystem centralizes around a platform for convenience, it becomes the worst of both worlds," the report notes. "Centralized control, but still distributed enough to become mired in time."', 'The White House today poured cold water on crypto, accentuating the negative aspects of digital assets throughout a massive, 513-pageannual report.\nThe first reference to digital assets in the 2023 Economic Report of the President—issued along with a yearly update issued by the Council of Economic Advisers—asserts that "blockchain technology has fueled the rise of financially innovative digital assets that have proven to be highly volatile and subject to fraud."\nAnd that was on page 43.\n"Although advocates often claim that digital assets, particularly crypto assets, are a revolutionary innovation, the design of these assets frequently reflects an ignorance of basic economic principles that have been learned in economics and finance over centuries," the report continues five pages later. "This inadequate design is often detrimental to consumers and investors."\nThe overall report—which includes over 100 pages of appendices—covers all aspects of the U.S. economy, including the rise of women in the labor force, climate change, imported goods, foreign investment, and education. But several sections address technology and digital markets.\nChapter 7 is titled "Competition in the Digital Economy: New Technologies, Old Economics." And Chapter 8 takes crypto head on, under the heading "Digital Assets: Relearning Economic Principles."\nThe conclusion? Crypto advocates need to go back to school, as they are "relearning the lessons from previous financial crises the hard way."\nWhite House Blames Congress for Failure to Enact Crypto Regulations\n"In addition to the decentralized custody and control of money, it has been argued that crypto assets may provide other benefits, such as improving payment systems, increasing financial inclusion, and creating mechanisms for the distribution of intellectual property and financial value that bypass intermediaries," the authors wrote. "So far, crypto assets have brought none of these benefits."\nThe costs of crypto, meanwhile, have adversely impacted consumers, the financial system, and even the physical environment.\n"Indeed, crypto assets to date do not appear to offer investments with any fundamental value, nor do they act as an effective alternative to fiat money, improve financial inclusion, or make payments more efficient," the authors wrote. "Instead, their innovation has been mostly about creating artificial scarcity in order to support crypto assets’ prices."\n"Many of them have no fundamental value," they added.\nThe authors then work their way through a number of "claims" made by crypto proponents, including the belief that crypto assets could be investment vehicles, could function like money without a central authority, enable fast digital payments, and increase financial inclusion and reduce the unbanked and underbanked.\nAn extensive list of refutations follow, focused on potential harm to consumers and the lack of regulation and enforcement.\n"One of the principal areas where there is mass noncompliance is disclosure surrounding crypto assets that are securities," the report states, before returning to a running theme. "This lack of disclosure prevents investors from recognizing that most crypto assets have no fundamental value."\nBiden’s Tax Hike Proposal and What It Means for Bitcoin \'Wash Sales\'\nThe council even takes a step back, and takes a stab at explaining Web3.\n"Proponents of blockchain technology claim that it will not only improve firms’ performance but also be the backbone of an entirely new Internet—Web3, the so-called new Internet," they wrote.\nCiting Signal app founder and cryptographer Moxie Marlinspike, the section concludes that some centralization is inevitable.\n"Once a distributed ecosystem centralizes around a platform for convenience, it becomes the worst of both worlds," the report notes. "Centralized control, but still distributed enough to become mired in time."', 'There are plenty of reasons why investors believe a major recession could be on the horizon. Sticky and persistent inflation has continued to put pressure on low- and middle-income workers. The impressive rate-hiking cycles by the Federal Reserve and other global central banks have attempted to tamp down economic activity to constrain rising prices. These moves, while not explicitly intended to cause a major recession, may do just that. And that’s not taking into consideration any of the myriad other concerns, from ongoing geopolitical conflicts to potential supply gluts in certain sectors. In short, the current macroeconomic environment is risky. Yet, if central banks do what they’ve traditionally done, and inject liquidity into the markets at the first sign of strain, perhaps we can avoid a major recession. If that’s the case, below are three stocks to buy or at least consider putting on your watch list. Each has the potential to rocket higher if a major recession doesn’t materialize. InvestorPlace - Stock Market News, Stock Advice & Trading Tips COIN Coinbase $83.99 SHOP Shopify $45.74 ZM Zoom Video $71.85 Coinbase (COIN) A Bitcoin rests on top of a computer with the Coinbase (COIN) logo and a trading chart. Source: Nadezda Murmakova / Shutterstock.com A well-known crypto exchange, Coinbase (NASDAQ: COIN ) enables users to purchase and trade cryptocurrencies. Some investors view digital assets as a recession hedge , and after a brutal 2022, COIN is up 137% so far this year. Much of this gain has to do with the rise in the value of prominent cryptocurrencies. Coinbase’s business model is rather simple. The company earns the lion’s share of its revenue via transaction fees. Thus, when trading volumes surge, it’s good news for Coinbase. The company’s recent financial results show what happens when liquidity starts to dry up in the crypto market. The company reported a loss of $2.46 per share for the final quarter of 2022. Although this was less than Wall Street’s forecast of -$2.55 per share, it was still significant. Moreover, while revenue of $629 million also came in
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-03-22
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $544,625,906,375
- Hash Rate: 344229888.79749393
- Transaction Count: 297575.0
- Unique Addresses: 688658.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.62
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: U.S. Congressman Stephen Lynch (D-MA) expressed concern Wednesday over the possible impact of a central bank digital currency (CBDC), asking Federal Reserve Chairman Jerome Powell to ponder the potential for a tokenized version of the U.S. dollar to wipe out other digital assets.
Lynch's comments came as Powell testified before the House Financial Services Committee, fielding a series of questions about digital assets.
“I'm worried about a lot of these stablecoins and other cryptocurrencies,” Lynch said. “Do they go to zero when we come up with a CBDC that has the full faith and credit of the United States behind it?”
The Fed has explored the concept of issuing a digital dollar for years, publishing research as far back as 2016. CBDCs are similar to digital tokens in use today like stablecoins—which track the price of a fiat currency—but are managed by their respective governments instead of being issued by private firms on decentralized networks.
Powell indicated it’s unclear to him why any cryptocurrency that isn’t “drawing on the credibility of the dollar” like Bitcoin or Ethereum has any value at all, regardless of a CBDC’s release. He refrained from commenting on how they could possibly be impacted by a CBDC as a result.
“I’ve never understood the valuation of those,” Powell said regarding coins that “don't have any intrinsic value, but nonetheless, trade for a positive number.”
He also suggested it’s hard to judge how stablecoins would be impacted, citing a lack of regulation in the U.S. that renders the reserves of some stablecoins opaque.
Stablecoins like Tether have facedpenaltiesin the past for making false statements about their token’s backing. And last month, Paxos said it waspreparingfor a potential lawsuit from the Securities and Exchange Commission over its Binance-branded stablecoin BUSD.
Legislation that would provide a regulatory framework for stablecoins has beenintroducedon Capitol Hill several times, yet each bill so far has failed to gain momentum.Last summer's collapse of Terra’s UST, a so-called algorithmic stablecoin that maintained its value via code instead of being backed by assets, created renewed urgency among lawmakers to establish rules of the road.
Eleven countries have already launched a CBDC and nearly 90 countries are either piloting, developing, or researching a CBDC, according to the Atlantic Council’sCBDC tracker. Lynch asked Powell for an update on the Fed’s timeline for potentially releasing one too.
“I can’t give you a date,” Powell responded. “We engage with the public on an ongoing basis. We’re also doing research on policy and also on technology.”
Powell said that the Fed hasn’t yet determined whether a CBDC is an innovation that’s even needed in the U.S., adding the central bank is not at the “stage of making any real decisions.”
He described the development of a CBDC as being in an early, experimental phase, adding the technology will take years to evaluate. However, Powell indicated that a CBDC could be rapidly rolled out to the public if it’s decided upon by Congress, saying “I think we can get this into the hands of the public very quickly.”
New York’s Federal Reserve bank has previously engaged in anexperimentthat simulated how a tokenized dollar could work among financial institutions, launching a pilot program last November that included firms like BNY Mellon and Citi.
Other lawmakers, including French Hill (R-AR), asked Powell questions related to CBDCs, such as whether the Fed chairman still holds the belief that a CBDC would need authorization from Congress.
Powell responded that the U.S. central bank might not need written approval from Congress to establish a CBDC, at least for financial institutions, explaining a “wholesale” CBDC could be a valid for settling transfers between banks and other financial institutions.
Powell had previously said that establishing a tokenized version of the U.S. dollar would need written approval from Congress, but he clarified in testimony before the House Financial Services Committee that the need applies to a CBDC for “retail” consumers.
“We've always been talking about [a] retail CBDC, and that's something we would certainly need congressional approval for,” Powell said. “There are potential forms of a wholesale CBDC that we’d need to look at. It's less clear.”
Powell added that it’s also a valid question to ask why a wholesale CBDC would be needed, alluding to the upcoming launch of FedNow, an instant payment service for Federal Reserve Banks that is set to launch later this year.
Some Republican lawmakers like Tom Emmer have pushed for legislation that wouldban the Fedfrom releasing a CBDC, saying it would erode Americans’ right to financial privacy. He reintroduced the legislation shortly after the Federal Reserve Bank of San Franciscostarted acceptingjob applications for CBDC developers and designers....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['* Fed drops some hawkish rhetoric * Dollar down broadly, euro leads gains * Some losses pared after Yellen remarks By Tom Westbrook SINGAPORE, March 23 (Reuters) - The dollar was under pressure near seven-week lows on Thursday as U.S. bond yields fell sharply after the Federal Reserve sounded close to calling time on interest rate hikes. The Fed raised its benchmark funds rate by 25 basis points, as expected, but dropped language about "ongoing increases" being needed in favour of "some additional" rises, as it waits and watches how wobbling confidence in banks affects the economy. Futures imply only an even chance of one more hike. That\'s a contrast to Europe where markets see another 50 bp or so to go, and the gap sent the euro surging. The dollar pared some of its losses when U.S. Treasury Secretary Janet Yellen set off another round of bank stock selling and jitters over stability by telling Congress she hasn\'t considered or discussed blanket insurance for deposits. The euro strengthened as much as 1.3% to its highest since early February at $1.0912, though by the Asian morning it had dropped back to bought $1.0872. Sterling also shot to a seven-week high as British inflation unexpectedly rose, leaving it at an eye-watering 10.4% and heaping pressure on the Bank of England to raise rates and sound hawkish at its meeting later in the day. Dollar/yen fell 0.7% overnight and was edging lower in the Asian morning at 131.19. Two-year Treasury yields fell 22 bps on Wednesday. The shift in tone from the Fed makes it less likely that markets return to worrying that strong economic data is going to lead to more and more rate hikes, said NatWest Markets head of G10 FX strategy Brian Daingerfield. "From the foreign exchange perspective, we think that argues for further dollar weakness as the ceiling for the Fed cycle has clearly come down." Financial markets have been roiled by wavering confidence in banks globally following a run on Silicon Valley Bank two weeks ago and the sudden demise of Credit Suisse. The risk-sensitive Australian dollar recoiled sharply from a two-week high of $0.6759 to be back at $0.6707 on Thursday morning. The New Zealand dollar also gave up overnight gains, but was firm in morning trade at $0.6238. Sterling bought $1.2282 after rising as high as $1.2334 overnight. Markets have priced a 25bp hike from the BoE. The focus on the banking front is now primarily on U.S. regional lenders where worry of a contagious run on deposits remains elevated. Fed Chair Jerome Powell said deposit flows have stabilised in the last week, and smaller lenders said they took some comfort from Yellen\'s remarks that deposit insurance would be considered were there to be a contagion risk. That "took the anxiety out of the room," according to Daniel Kimbell, an executive at the local Passumpsic Bank in St Johnsbury, Vermont. Bitcoin fell 3% to $27,360 after a series of U.S. Securities and Exchange Commission lawsuits over crypto promotion put a dampener on digital assets. ======================================================== Currency bid prices at 0050 GMT Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar $1.0875 $1.0856 +0.16% +1.47% +1.0876 +1.0854 Dollar/Yen 131.0750 131.3900 -0.18% +0.00% +131.4550 +131.1600 Euro/Yen 142.56 142.67 -0.08% +1.61% +142.7900 +142.4500 Dollar/Swiss 0.9168 0.9175 -0.07% -0.84% +0.9173 +0.9166 Sterling/Dollar 1.2285 1.2269 +0.11% +1.56% +1.2287 +1.2266 Dollar/Canadian 1.3708 1.3732 -0.17% +1.18% +1.3733 +1.3707 Aussie/Dollar 0.6707 0.6685 +0.35% -1.59% +0.6708 +0.6682 NZ Dollar/Dollar 0.6238 0.6222 +0.27% -1.75% +0.6239 +0.6221 All spots Tokyo spots Europe spots Volatilities Tokyo Forex market info from BOJ (Reporting by Tom Westbrook; Editing by Simon Cameron-Moore)', '* Fed drops some hawkish rhetoric * Dollar down broadly, euro leads gains * Some losses pared after Yellen remarks By Tom Westbrook SINGAPORE, March 23 (Reuters) - The dollar was under pressure near seven-week lows on Thursday as U.S. bond yields fell sharply after the Federal Reserve sounded close to calling time on interest rate hikes. The Fed raised its benchmark funds rate by 25 basis points, as expected, but dropped language about "ongoing increases" being needed in favour of "some additional" rises, as it waits and watches how wobbling confidence in banks affects the economy. Futures imply only an even chance of one more hike. That\'s a contrast to Europe where markets see another 50 bp or so to go, and the gap sent the euro surging. The dollar pared some of its losses when U.S. Treasury Secretary Janet Yellen set off another round of bank stock selling and jitters over stability by telling Congress she hasn\'t considered or discussed blanket insurance for deposits. The euro strengthened as much as 1.3% to its highest since early February at $1.0912, though by the Asian morning it had dropped back to bought $1.0872. Sterling also shot to a seven-week high as British inflation unexpectedly rose, leaving it at an eye-watering 10.4% and heaping pressure on the Bank of England to raise rates and sound hawkish at its meeting later in the day. Dollar/yen fell 0.7% overnight and was edging lower in the Asian morning at 131.19. Two-year Treasury yields fell 22 bps on Wednesday. The shift in tone from the Fed makes it less likely that markets return to worrying that strong economic data is going to lead to more and more rate hikes, said NatWest Markets head of G10 FX strategy Brian Daingerfield. "From the foreign exchange perspective, we think that argues for further dollar weakness as the ceiling for the Fed cycle has clearly come down." Financial markets have been roiled by wavering confidence in banks globally following a run on Silicon Valley Bank two weeks ago and the sudden demise of Credit Suisse. The risk-sensitive Australian dollar recoiled sharply from a two-week high of $0.6759 to be back at $0.6707 on Thursday morning. The New Zealand dollar also gave up overnight gains, but was firm in morning trade at $0.6238. Sterling bought $1.2282 after rising as high as $1.2334 overnight. Markets have priced a 25bp hike from the BoE. The focus on the banking front is now primarily on U.S. regional lenders where worry of a contagious run on deposits remains elevated. Fed Chair Jerome Powell said deposit flows have stabilised in the last week, and smaller lenders said they took some comfort from Yellen\'s remarks that deposit insurance would be considered were there to be a contagion risk. That "took the anxiety out of the room," according to Daniel Kimbell, an executive at the local Passumpsic Bank in St Johnsbury, Vermont. Bitcoin fell 3% to $27,360 after a series of U.S. Securities and Exchange Commission lawsuits over crypto promotion put a dampener on digital assets. ======================================================== Currency bid prices at 0050 GMT Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar $1.0875 $1.0856 +0.16% +1.47% +1.0876 +1.0854 Dollar/Yen 131.0750 131.3900 -0.18% +0.00% +131.4550 +131.1600 Euro/Yen 142.56 142.67 -0.08% +1.61% +142.7900 +142.4500 Dollar/Swiss 0.9168 0.9175 -0.07% -0.84% +0.9173 +0.9166 Sterling/Dollar 1.2285 1.2269 +0.11% +1.56% +1.2287 +1.2266 Dollar/Canadian 1.3708 1.3732 -0.17% +1.18% +1.3733 +1.3707 Aussie/Dollar 0.6707 0.6685 +0.35% -1.59% +0.6708 +0.6682 NZ Dollar/Dollar 0.6238 0.6222 +0.27% -1.75% +0.6239 +0.6221 All spots Tokyo spots Europe spots Volatilities Tokyo Forex market info from BOJ (Reporting by Tom Westbrook; Editing by Simon Cameron-Moore)', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin and most other major cryptos fell after the Federal Reserve raised the interest rate 25 basis points and made clear that inflation remained its focus even after recent banking debacles.\nInsights:In a Q&A with CoinDesk, the chief technology officer of smart contract platform Conflux says the company\'s blockchain-enabled SIM card (BSIM) offers security and convenience.\nCoinDesk Market Index (CMI)\n1,178\n−30.9▼2.6%\nBitcoin (BTC)\n$27,294\n−820.7▼2.9%\nEthereum (ETH)\n$1,738\n−56.7▼3.2%\nS&P 500\n3,936.97\n−65.9▼1.6%\nGold\n$1,972\n+25.4▲1.3%\nNikkei 225\n27,466.61\n+NaN▲NaN%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nA Hopeful Day Ends With a Slump\nThe U.S. Federal Reserve took the apparent path of least resistance, raising the interest rate 25 basis points to quash investor hopes that it would turn more dovish in the aftermath of a banking crisis that has rocked confidence in traditional financial services firms and the strength of the U.S. dollar.\nBitcoin (BTC) dithered in the immediate aftermath of the bank\'s decision before edging down steadily, even dipping below $27,000. The largest cryptocurrency by market capitalization was recently trading at $27,375, off 3.5%. Earlier in the day, as markets hoped for a cessation of the year-long regime of Fed rate increases, BTC zoomed above $28,700.\n"Risk aversion was able to drag down bitcoin as market jitters returned on banking worries and over a quickly weakening economy," Edward Moya, senior market analyst for foreign exchange market maker Oanda, wrote in an email. "The Fed might be done tightening, but the risk of something else breaking in the financial sector remains elevated."\nEther also tumbled from highs over $1,800 to its more recent $1,737. The second-largest crypto in market value was off more than 3.3%. Nearly every other major crypto by market cap in the CoinDesk top 25 was well in the red with the main exceptions APT, the token of layer 1 blockchain Aptos, and LTC, the native crypto of open-source blockchain Litecoin. They rose more than 5% and 6%, respectively. TheCoinDesk Market Index, a measure of the crypto market\'s overall performance, was recently down 2.7%.\nThe crypto world, m
**Last 60 Days of Bitcoin's Closing Prices:**
[]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-23
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $528,491,542,881
- Hash Rate: 398152679.74955547
- Transaction Count: 295245.0
- Unique Addresses: 677191.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.57
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin fell to near the US$20,000 support line in Friday morning trading in Asia, while Ether and all other top 10 non-stablecoin cryptocurrencies slid to cap off a week of mostly red ink. Crypto prices followed equities lower as U.S. Federal Reserve Chair Jerome Powell this week warned interest rates may need to go higher than expected to curb inflation. The insolvency of crypto bank Silvergate on Wednesday added more downward pressure to crypto prices. Shiba Inu led the losers. Another negative is the increasingly public conflict between U.S. regulators on whether to define crypto assets as securities or commodities. See related article: CFTC chair calls Ethereum a commodity, in contrast to SEC chair Genslers position Fast facts Bitcoin slid 7.41% in the past 24 hours to US$20,127 as of 09:00 a.m. in Hong Kong, according to CoinMarketCap data , reaching a low for the month. The price of the largest cryptocurrency has fallen 14.10% in the past seven days, but is still up over 20% from the start of the year. Ether fell 7.17% to US$1,426, posting a weekly loss of 13.25%. Shiba Inu lost 8.89% in the 24 hours for a seven-day loss of 16.94%. Litecoin replaced the meme token as the 10th largest non-stablecoin cryptocurrency but did not fare much better, falling 8.67% to US$75.63, for a loss of 20.35% for the past week. Silvergate Bank said on Wednesday that the U.S.-based crypto financial services company will liquidate, triggering a price slump that has wiped out over US$60 billion from the crypto market capitalization in the past 24 hours. The total crypto market capitalization dropped 6.15% in the past 24 hours to US$934.43 billion. Total trading volume in the period rose 33.47% to US$59.39 billion. Adding to crypto investors concerns, New York State Attorney General Letitia James filed a lawsuit against crypto exchange Kucoin on Thursday, which alleged that Ether and some other crypto assets are securities and should be registered as such. This was the first time that Ether was claimed to be a security by a U.S. attorney general in court. Other U.S. regulators are in public dispute about whether Ether is a commodity or a security, an argument that will affect the status of scores of crypto tokens. Following Silvergates failure, cryptocurrency exchange Blockchain.com said on early Friday it was winding down its U.K.-based asset management arm, adding to a raft of retrenchments across the industry since the collapses of the Terra-Luna stablecoin and the FTX exchange last year. U.S. equities slid on Thursday. The Dow Jones Industrial Average closed 1.66% lower, the S&P 500 dropped 1.85%, and the Nasdaq Composite Index fell 2.05%. Fed chair Powell said in testimony on Capitol Hill this week that higher-than-expected interest rates might be needed to curb inflation, depending on the latest economic readings. One data point out on Friday is the February employment report, with analysts forecasting 225,000 new jobs added and a yearly increase in average hourly wages of 4.8%, according to CNBC . If the numbers are as expected, it would support the Feds view that inflation remains a problem in the economy. Interest rates in the U.S. are between 4.5% to 4.75%, the highest since October 2007. Analysts at the CME Group predict a 60.9% chance the Fed will raise rates by 50 basis points this month, down from the 78.6% prediction on Thursday. They forecast a 39.1% chance for a 25-basis-point raise, a sharp reversal from the majority view last month. BlackRock, the worlds largest asset manager, expects rates may peak at 6% this year and remain there for an extended time to get inflation back to the central banks preferred range of 2%, CNBC reported, citing BlackRocks chief investment officer of global fixed income Rick Rieder. The U.S. annual inflation rate is 6.4% for the 12 months ended January 2023, according to Labor Department data published Feb. 14. The next inflation update is scheduled for March 14 at 8:30 a.m. Eastern Standard Time. See related article: Crypto bank Silvergate to close, return all deposits; becomes latest victim of 2022 crypto turmoil...
- Reddit Posts (Sample): [['u/moldyjellybean', "Do you think Fiat Banking is semi broken and held up by duct tape? Never thought I'd hear right from Jerome Powell's mouth the first sentence he said", 16, '2023-03-23 00:06', 'https://www.reddit.com/r/CryptoCurrency/comments/11z0a28/do_you_think_fiat_banking_is_semi_broken_and_held/', '\nIf this quote doesn\'t make you believe more in BTC I\'m not sure what will. \n\n"In the past 2 weeks, serious difficulties. at a small number of banks has emerged. History has shown isolated banking problems if left unaddressed ...can undermine the entire banking system as a whole"\n\nThere are still pluses in the fiat banking system that btc doesn\'t have. Like if someone scams you, the bank will reverse the charge or go to bat for you. \n\nhttps://www.youtube.com/watch?v=mV0soBdvjtY\n\nStraight the top dog\'s mouth. This fragile system of trillions of dollars can be undermined by 2-3 small/mid size regional banks? \n\nThis system is held up by scrapes of duct tape and broken promises and charlatans.', 'https://www.reddit.com/r/CryptoCurrency/comments/11z0a28/do_you_think_fiat_banking_is_semi_broken_and_held/', '11z0a28', [['u/Harold838383', 11, '2023-03-23 00:14', 'https://www.reddit.com/r/CryptoCurrency/comments/11z0a28/do_you_think_fiat_banking_is_semi_broken_and_held/jda9q0u/', "It's funny when you find out about tokenomics you realise that the US dollar is dogshit", '11z0a28']]], ['u/fuzzyduck88', 'You can never win against the “Bitcoin is a Ponzi scheme / bubble” people.', 61, '2023-03-23 00:26', 'https://www.reddit.com/r/CryptoCurrency/comments/11z0ugi/you_can_never_win_against_the_bitcoin_is_a_ponzi/', 'Just food for thought (there’s nothing worthwhile in this post): \n\nYou see so many posts from people asking how can they argue their pro bitcoin agenda with anti crypto folk… or convince their friends and family why bitcoin is the way of the future… the answer is: YOU CANT and you shouldn’t try. \n\n(1) no matter how well your crypto is doing they can always say “it’s a bubble, it’s going to collapse, it’s a scam” and there’s no time limit on their argument. They can say it until 2060 and you’ll never prove them wrong. BUT there is the chance things go tits up and you end up looking like an idiot. \n\n(2) when things are good, they won’t remember you as the person who made money. If they do talk about it, it will be along the lines of “that idiot will lose all their money when this thing collapses”. \n\n(3) when things take a dive during a bear market THEY WILL remember you as “he’s the idiot who lost all their money on that scam”.\n\nDon’t get involved in an argument you can’t win.', 'https://www.reddit.com/r/CryptoCurrency/comments/11z0ugi/you_can_never_win_against_the_bitcoin_is_a_ponzi/', '11z0ugi', [['u/bkcrypt0', 23, '2023-03-23 00:33', 'https://www.reddit.com/r/CryptoCurrency/comments/11z0ugi/you_can_never_win_against_the_bitcoin_is_a_ponzi/jdacgl3/', ' Not worth the effort.', '11z0ugi'], ['u/Ofulinac', 12, '2023-03-23 00:37', 'https://www.reddit.com/r/CryptoCurrency/comments/11z0ugi/you_can_never_win_against_the_bitcoin_is_a_ponzi/jdad4wx/', 'You win by going past them in your new car or paying the mortgage and finally owning that house/apartment or hell, even building you always wanted.', '11z0ugi'], ['u/Ofulinac', 10, '2023-03-23 00:40', 'https://www.reddit.com/r/CryptoCurrency/comments/11z0ugi/you_can_never_win_against_the_bitcoin_is_a_ponzi/jdadj55/', 'Sure but do these comments even mean anything at that point? \n\nIts just words.', '11z0ugi']]], ['u/Jdirvin', 'Coinbase ID verification is software gore', 14, '2023-03-23 04:26', 'https://www.reddit.com/r/CoinBase/comments/11z78pr/coinbase_id_verification_is_software_gore/', "How many times do I need to verify my ID??? Lmao. \n\nRecovering an account ->\n\nverify id and selfie -> \n\nmanual review approved -> \n\nattempt to send Bitcoin, account locked until id and selfie are verified, upload 3 pictures again -> \n\nverification approved -> \n\nattempt to send Bitcoin again -> \n\nTransaction delayed because id isn't verified... This is insane", 'https://www.reddit.com/r/CoinBase/comments/11z78pr/coinbase_id_verification_is_software_gore/', '11z78pr', [['u/Jdirvin', 10, '2023-03-23 04:30', 'https://www.reddit.com/r/CoinBase/comments/11z78pr/coinbase_id_verification_is_software_gore/jdb86x8/', 'Not in my experience', '11z78pr']]], ['u/AutoModerator', '[Daily Discussion] - Thursday, March 23, 2023', 40, '2023-03-23 05:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/', '11z82fd', [['u/InvestorCoast', 10, '2023-03-23 06:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdbln4r/', 'YTD Btc Volume & Dominance are gaining steam. A good signal btc is going to continue moving up.\n\nBtc is quickly retracing the down spike from yesterday (moving back up to 28,700). Should be able to move above 29K today.', '11z82fd'], ['u/dissociatives', 15, '2023-03-23 08:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdbto94/', "Kicking myself hard. I'm not one to make predictions normally, but I called the bottom; I could just feel it in my fuckin bones.\n\nBut.... I didn't buy. Just didn't make financial sense at the time to cut into the nest egg. Time and time again, cycle after cycle, I've often ignored my intuition. Whether because of greed, apathy, or an over abundance of caution. I could have *easily* tripled my stack these past cycles if I'd only heeded my gut.\n\nMaybe you yourself have experienced something similar. So I wonder, how do you become more decisive? Do you have any specific strategies you use to validate your decision making process and mitigate emotional bias?\nThoughts?", '11z82fd'], ['u/Essexal', 16, '2023-03-23 08:56', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdburn1/', 'It does feel like that place is where the people who weren’t good at school hang out. \n\nWhile most of the comments are satire and jokes there are genuinely some people who can’t do maths and economics, let alone try doing both at the same time while remembering to breathe.\n\nThey tagged me as ‘bought butts for 1k’ which to them was hilarious through the ‘14-‘15 bear.\n\nNow what do you think they think? \n\nSome of them will be on their deathbed in 50 years time, and whether BTC is the world reserve currency by then or not they will still have that little bit of regret in them that they were wrong all along.\n\nBecause of that, we’ve already won. Let them have their silly little group where they think their cleverer than Satoshi.', '11z82fd'], ['u/spinbarkit', 19, '2023-03-23 09:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdbxowt/', '1. stop kicking yourself for "bad" decisions -they are results of a thought process you made in the past, based on the information you had and emotions you encountered. respect yourself.\n2. greed apathy and caution are all valid emotions. learn to process them, let them overwhelm you and let them just be.\n3. feeling emotions is good.\nshame, regret and fear are obviously unpleasant. but again! don\'t be afraid of them. acknowledge what\'s happening with you while they flow through you. after that, use the outcoming state of mind to benefit your decision making', '11z82fd'], ['u/setzer', 11, '2023-03-23 10:01', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdbz0xf/', "If you really feel we've seen the bottom, the price is still ridiculously cheap. Most people who DCA'd from the top probably have a higher average than this. Saylor for example has a 30k average.\n\nAlso, if you did buy, can you even be sure you would have held? The last couple months have been quite a rollercoaster and once you have a position it can be become more difficult to manage if you are trading based off your gut feeling. I wouldn't beat yourself much too much about not acting on your gut.\n\nI tend to pick specific price levels to buy/sell ahead of time and just stick to them - that way there is no emotion getting in the way.", '11z82fd'], ['u/snek-jazz', 16, '2023-03-23 12:32', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdcaqoj/', 'Anyone here got thoughts on Balaji "ringing the fire alarm" this week? Been a fan of his since way back in the day, but even to me, a hardcore bitcoiner, he sounds almost crazy right now.', '11z82fd'], ['u/challis88ocarina', 14, '2023-03-23 12:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/11z82fd/daily_discussion_thursday_march_23_2023/jdcbp8a/', 'bitstamp still offline after more than 90mins, expected maintenance window of 1h\n\nedit: up after 110mins\n\nedit 2: bulls live at bitstamp', '11z82fd'], ['u/Essexal', 15, '2023-03-23 13:25', 'https://www.re...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['We’ve already seen valuations drop in 2022, as investors priced in an economic slowdown. However, it’s unclear whether a full-on\xa0market crash is being priced into equity markets right now. Indeed, many pockets of the stock market are showing signs of life once again in 2023. Investors appear to be betting on the potential for the Federal Reserve to go from interest rate hikes to cuts, in short order. Thus, some of the highest-risk pockets of the market are seeing the most buying pressure, as we move toward the end of Q1. That said, the potential for a market crash, or at least a significant recession, is increasing. The yield curve remains extremely inverted (though it has been steepening of late) and, despite inflation coming down slightly, prices are still rising at a considerable rate. This will likely make the job of central bankers more difficult. InvestorPlace - Stock Market News, Stock Advice & Trading Tips For investors, the question is what this means for higher-risk equities. In my view, now’s not the time to get greedy trying to time stocks that have already made significant momentum-driven moves. Here are three stocks I’d avoid, particularly for those worried about a potential market crash around the corner. Peloton (PTON) Peloton (PTON stock) sign on city storefront Source: JHVEPhoto / Shutterstock.com With the release of Peloton’s (NASDAQ: PTON ) Q2 results, it’s becoming increasingly clear that this is a company that’s not hitting the profitability goals it’s set for itself, or that the market expects. The company brought in higher revenue than expected ($792.7 million vs. $710 million projected), but missed big time on its bottom line, losing 98 cents per share, relative to expectations for a loss of only 64 cents per share. In this market, profitability matters more than revenue growth and, while investors appear to still remain more bullish on this stock than at the start of the year (PTON stock is still up roughly 20% year-to-date), it’s also clear that Peloton’s financial picture is nowhere near as rosy as many had painted it following the pandemic. Story continues When gyms were closed, and Peloton’s at-home exercise bikes were all the rage, things were different. This was a stock that was valued as if its “sticky” revenues would remain so over the long-term. Unfortunately, quarter upon quarter of significant losses has shaken investor confidence in this stock. Until there’s a pathway to profitability, I think PTON stock is likely to remain on the out. Sure, cost-cutting measures will help somewhat. But this is a company with macro headwinds that I think may be too strong to ignore, particularly in a market downturn. Novavax (NVAX) A gloved hand lifts one of five Novavax (NVAX) COVID-19 vaccine vials lined up in front of lab equipment. Source: benjamin poturak / Shutterstock.com Novavax (NASDAQ: NVAX ) stock has gone through substantial fluctuations , as the company has posted sizable profits and losses over the last several years. In 2020, the biotech company experienced a surge of over 2,700% in stock value thanks to investor optimism surrounding its experimental COVID-19 vaccine. However, as the vaccine candidate faced delays, Novavax’s shares began to decline . Eventually, the vaccine was approved for commercial use, albeit later than its competitors, which limited the company’s revenue potential. Right now, many analysts and experts view the window of opportunity with COVID-19 vaccines as essentially closed. While Novavax ultimately received approval, it’s clear that other larger Pharma behemoths beat this smaller player to the punch. Thus, while we may all go out and get our annual shot, it’s unclear how many patients will request a Novavax shot (or how well-supplied providers will be in this regard). Another pandemic-related winner, Novavax has seen its share price plunge more than 90% over the past 12 months. I think this decline could potentially continue, market crash or not. In its latest financial report, Novavax raised concerns about the possibility of ceasing its operations. One of the challenges the company attempts to address is linked to a funding agreement with the United States government which, at this time, has only been extended through 2023, thereby jeopardizing nearly $400 million in funding. There’s too much hair on NVAX stock for conservative investors to buy in and, even if the market rallies, I think there are better opportunities out there. In a market crash scenario, forget about it. Riot Platforms (RIOT) futuristic image of a hand with the words "block chain" floating above it, representing riot blockchain stocks Source: Shutterstock Riot Platforms (NASDAQ: RIOT ), formerly Riot Blockchain, is a crypto mining company focused on proof-of-work mining, primarily for Bitcoin ( BTC-USD ). Like the other names on this list, Riot has seen some bullish momentum build this year. Much of this has to do with rising crypto prices. Indeed, so long as Bitcoin increases in value, Riot and other crypto miners should see higher valuations. That’s because Riot’s revenue is largely denominated in Bitcoin, with its fixed costs denominated in dollars. Accordingly, in many respects, RIOT stock is a highly-leveraged bet on the future of crypto. As we’ve seen in previous crypto rallies, accommodative monetary policy and a bull market in all risk assets tends to bode well for digital tokens. However, if a market crash takes hold, investors can forget about their outsized returns. My view is that crypto miners like Riot are likely too speculative to consider right now. While Riot may be the best of the bunch, this stock is one that lives and dies by the price of Bitcoin. For investors who can handle the potential volatility, that’s fine. It’s just not for me. On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article.\xa0The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines . Chris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live The Best $1 Investment You Can Make Today It doesn’t matter if you have $500 or $5 million. Do this now. Massive Bear Market “Divergence Event” Ahead… And The #1 Way to Play It The post 3 Stocks That Won’t Survive a Major Market Crash appeared first on InvestorPlace .', 'We’ve already seen valuations drop in 2022, as investors priced in an economic slowdown. However, it’s unclear whether a full-on\xa0market crash is being priced into equity markets right now.\nIndeed, many pockets of the stock market are showing signs of life once again in 2023. Investors appear to be betting on the potential for the Federal Reserve to go from interest rate hikes to cuts, in short order. Thus, some of the highest-risk pockets of the market are seeing the most buying pressure, as we move toward the end of Q1.\nThat said, the potential for a market crash, or at least a significant recession, is increasing. The yield curveremains extremely inverted(though it has been steepening of late) and, despite inflation coming down slightly, prices are still rising at a considerable rate. This will likely make the job of central bankers more difficult.\nInvestorPlace - Stock Market News, Stock Advice & Trading Tips\nFor investors, the question is what this means for higher-risk equities. In my view, now’s not the time to get greedy trying to time stocks that have already made significant momentum-driven moves.\nHere are three stocks I’d avoid, particularly for those worried about a potential market crash around the corner.\nSource: JHVEPhoto / Shutterstock.com\nWith the release ofPeloton’s(NASDAQ:PTON)Q2 results,it’s becoming increasingly clear that this is a company that’s not hitting the profitability goals it’s set for itself, or that the market expects. The company brought in higher revenue than expected ($792.7 million vs. $710 million projected), but missed big time on its bottom line, losing 98 cents per share, relative to expectations for a loss of only 64 cents per share.\nIn this market, profitability matters more than revenue growth and, while investors appear to still remain more bullish on this stock than at the start of the year (PTON stock is still up roughly 20% year-to-date), it’s also clear that Peloton’s financial picture is nowhere near as rosy as many had painted it following the pandemic.\nWhen gyms were closed, and Peloton’s at-home exercise bikes were all the rage, things were different. This was a stock that was valued as if its “sticky” revenues would remain so over the long-term. Unfortunately, quarter upon quarter of significant losses has shaken investor confidence in this stock. Until there’s a pathway to profitability, I think PTON stock is likely to remain on the out.\nSure, cost-cutting measures will help somewhat. But this is a company with macro headwinds that I think may be too strong to ignore, particularly in a market downturn.\nSource: benjamin poturak / Shutterstock.com\nNovavax(NASDAQ:NVAX) stock has gone throughsubstantial fluctuations, as the company has posted sizable profits and losses over the last several years. In 2020, the biotech company experienced a surge of over 2,700% in stock value thanks to investor optimism surrounding its experimental COVID-19 vaccine. However, as the vaccine candidate faced delays,Novavax’s shares began to decline. Eventually, the vaccine was approved for commercial use, albeit later than its competitors, which limited the company’s revenue potential.\nRight now, many analysts a
**Last 60 Days of Bitcoin's Closing Prices:**
[]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-03-24
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $539,047,613,812
- Hash Rate: 377232885.4931189
- Transaction Count: 292095.0
- Unique Addresses: 683787.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.61
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Dubai, United Arab Emirates--(Newsfile Corp. - February 21, 2023) - SBID crypto OTC continues to provide a fast and secure way to sell bitcoin in Dubai in 2023. Now with improved performance, SBID has become the gateway to buying & selling BTC in Dubai. SBID has emerged as a fast and convenient option for visitors looking to sell Bitcoin for cash in Dubai . It has been operating in Dubai for several years as a cryptocurrency-to-cash shop, perfecting its services to provide crypto support to its customers. With the rapidly evolving cryptocurrency market, SBID has remained the reputable crypto OTC in Dubai. SBID's commitment to providing service has led to a loyal customer base in the crypto space as a bitcoin seller in Dubai . Providing personalized service has been pivotal in elevating SBID to become a leading crypto OTC in Dubai. SBID offers crypto solutions in Dubai and promotes cryptocurrency adoption by allowing people to buy and sell bitcoin in Dubai. The emergence of major crypto hubs in the country has further strengthened SBID's position as a leading crypto OTC in Dubai. As more cryptocurrency and blockchain entities are established in the country, the demand for reliable and efficient crypto-selling services has increased. SBID's ability to adapt to the changing market conditions and offer top-notch services became possible through years of experience in the space. As a result, SBID continues its operations and offers visitors the service to sell Bitcoin in Dubai for cash . The company aims to be a reliable and fast crypto OTC relying on high-quality equipment and professional staff. Guide to Sell BTC in Dubai in 2023 SBID offers a fast and reliable crypto experience for customers. The buying and selling of cryptocurrencies, mainly Bitcoin and Ethereum, enable individuals to easily be part of the crypto space. Here are only 3 steps that need to be taken to join the space: 1. Visit the SBID crypto OTC at the Exchange tower in the Business Bay 2. Calculate the amount of bitcoins in exchange for cash 3. Get cash after by converting bitcoin for cash Story continues Local citizens and also tourists are welcomed at the SBID crypto OTC shop. Only an ID card or passport is required for customers to convert Bitcoins to cash at the shop. Foreign visitors may sell bitcoin for USD in Dubai while locals can sell it for AED, EURO, USD, and some other fiat currencies. About Sell Bitcoin in Dubai SBID, Sell Bitcoin in Dubai, is a crypto OTC shop where customers can quickly buy and sell bitcoin (BTC) with cash in Dubai. Located in Dubai, the store offers a range of cryptocurrencies for purchase, including popular options like Bitcoin (BTC) and Ethereum (ETH) and stablecoins like USDT. The process for selling Bitcoin in Dubai is straightforward, making it accessible for both locals and visitors. In total, SBID offers over 1000 different cryptocurrencies for customers to choose from. Company Name: Sell Bitcoin in Dubai Location: Office 10040 10th Floor, Exchange Tower, Business Bay - Dubai - United Arab Emirates Phone: +971585666767 Email: [email protected] Contact Person: Khaled Saeed Contact Person title: Public Relations City, Country: Dubai, the UAE Website: https://sellbitcoinindubai.com/ To view the source version of this press release, please visit https://www.newsfilecorp.com/release/155216...
- Reddit Posts (Sample): [['u/SouthNagsHead', "Absolutely Hell No - Eric Bland on Alex Murdaugh using 'Untainted' Money to Fund his Appeal", 119, '2023-03-24 01:47', 'https://www.reddit.com/r/MurdaughFamilyMurders/comments/1203noo/absolutely_hell_no_eric_bland_on_alex_murdaugh/', '***Law & Crime -***\n\n [‘Absolutely hell no’: Lawyer for Alex Murdaugh’s financial victims vows to fight efforts to use ‘untainted’ money to fund murder appeal (msn.com)](https://www.msn.com/en-us/news/crime/absolutely-hell-no-lawyer-for-alex-murdaugh-s-financial-victims-vows-to-fight-efforts-to-use-untainted-money-to-fund-murder-appeal/ar-AA190g3l?ocid=msedgntp&cvid=a70bd10a15a642f9a83e247b017576e7&ei=8) \n\nA lawyer for victims of the wide-reaching financial crimes of [Alex Murdaugh](https://lawandcrime.com/?s=%22alex+murdaugh%22) has vowed to oppose an effort by the disgraced attorney to use personal funds to cover the costs of appealing his murder conviction.\n\nMurdaugh, once a scion of the South Carolina legal community, was [convicted](https://lawandcrime.com/live-trials/live-trials-current/alex-murdaugh/alex-murdaugh-verdict-quickly-reached-after-marathon-double-murder-trial/) earlier this month of the double murder of his wife, Margaret “Maggie” Murdaugh, and their youngest son, Paul Murdaugh.\n\nBut murder was not his only crime.\n\nAccording to the South Carolina Attorney General’s Office — which has issued 19 different indictments — Murdaugh [stole at least $8.7 million](https://lawandcrime.com/live-trials/live-trials-current/alex-murdaugh/alex-murdaugh-has-admitted-to-dozens-of-financial-crimes-and-faces-over-700-years-in-prison-for-those-concessions-alone/) from his clients over the years.\n\nJustin Bamberg, a lawyer based in the city of Bamberg, South Carolina, represents the survivors of HaKeem Pinckney, who [died after a being paralyzed](https://www.nbcnews.com/dateline/in-the-news/alex-murdaugh-vowed-help-says-defrauded-rcna54289) in a horrific car wreck, and Blondell Gary, who was [also killed](https://www.marshelswrightdonaldson.com/obituary/1384307) in a vehicle accident. Murdaugh had previously represented their respective estates in wrongful death and negligence lawsuits, apparently garnering [hundreds of thousands of dollars](https://www.scag.gov/about-the-office/news/state-grand-jury-indicts-russell-laffitte-along-with-cory-fleming-and-alex-murdaugh-for-new-charges-in-superseding-indictments/) ostensibly on behalf of his clients.\n\nMurdaugh, however, kept the money for himself.\n\n **- Related Coverage -**\n\nOn Tuesday, attorneys for Murdaugh\xa0filed a motion in the wrongful death case brought by Renee Beach, whose 19-year-old daughter, [Mallory Beach](https://lawandcrime.com/live-trials/live-trials-current/alex-murdaugh/untangling-expansive-cast-of-characters-in-alex-murdaugh-murder-case/), was killed when a boat [piloted by Paul Murdaugh](https://lawandcrime.com/high-profile/it-was-so-over-the-top-alex-murdaugh-describes-vile-threats-against-his-youngest-son-over-drunken-boat-crash-that-killed-19-year-old-girl/) slammed into a bridge piling at around 2:00 a.m. in February 2019. The parties [settled](https://www.wsav.com/news/local-news/judge-approves-settlement-between-murdaugh-estate-and-beach-family/) earlier this year.\n\nAccording to the “motion for payment of attorneys’ fees and cost from untainted funds,” Murdaugh is asking for $160,000 to be transferred from a dedicated “Receivers” account to Murdaugh’s lawyers. The Receivers account is funded by what remains of Murdaugh’s liquidated 401(k) retirement account: some $425,000 is left in the account after $600,000 was initially withdrawn to cover Murdaugh’s defense at his murder trial, according to the court filing.\n\nThe motion says that Murdaugh’s funds from the retirement account have been “exhausted,” and that he has a Sixth Amendment right to hire the lawyer he wants to represent him on appeal, and is asking that the money be released.\n\n“A defendant’s right to counsel of his choice, whom the defendant can afford to hire with ‘innocent’ property, is a fundamental constitutional right,” the motion says, appearing to offer little more than the fact that the funds are from Murdaugh’s retirement account as proof that the property is “innocent.” Murdaugh’s lawyer also implies that additional legitimate funds have been put into the “Receivers” account, although the brief is thin on details.\n\n“These funds are legitimate, untainted funds,” the motion says. “Furthermore, the undersigned is informed and believes that there are additional funds that have been deposited into the Receivers’ escrow account that do not represent the proceeds from illegal activities.”\n\nThe motion also argues that requiring Murdaugh to rely on a public defender for his appeal would further weigh down a system that is already overwhelmed with trying to assist “truly indigent” clients.\n\nBamberg doesn’t buy it.\n\n“Alex Murdaugh should NOT be entitled to deprive his financial victims of the limited amount of funds available — not a single penny, Bitcoin, Dogecoin, or anything else of value — so he can continue trying to get or keep himself out of prison,” Bamberg wrote in a note posted to Twitter on Wednesday.\n\nAccording to Bamberg, Murdaugh’s money cannot be separated from his criminality.\n\n“None of Alex’s money is ‘untainted’ in my opinion based on his admissions during his murder trial,” Bamberg wrote.\n\nBamberg says that there is no way Murdaugh’s retirement funds are “legitimate” because “an obvious contributing factor to his ability to even put that kind of money away over the course of his legal career was the simple fact he was actively stealing MILLIONS from clients and using that stolen money to pay for stuff he desired instead of relying solely on any legitimately earned income\\[.\\]”\n\nBamberg notes that Murdaugh had years to compile his ill-gotten gains, including from funds that were supposed to go to his clients.\n\n“He was paid a six-figure salary by his former law firm, earned credit for legal fees the firm received on cases that he stole money on, got credit for those fees and in turn, he received an annual bonus on those fees despite his unconscionable lying, backstabbing, and cheating his clients out of money these people LITERALLY cried, bled, had surgery or suffered through a funeral to get,” Bamberg said. “Absolutely hell no. That’s not right.”\n\nBamberg said that Murdaugh should be required to “apply for a public defender just like ANYBODY ELSE WITH NO REAL MONEY FOR A LAWYER is forced to do EVERY SINGLE DAY in this world — including most of the people prosecuted by his own family when they were Solicitor over the last 100 years.”\n\nMark Tinsley, who represents Beach, told Law&Crime that the court will ultimately decide what happens with the money, but indicated that the transfer of funds is beyond what was originally agreed.\n\n“When Alex’s lawyers asked us to agree to the liquidation of the 401k account, it was based on the offer of a certain sum coming back into the receiver account fund for the victims,” Tinsley said in an email. “They knew or should have known how much their costs were going to be. The fact that they were wrong or spent unwisely or whatever the case may be is not a material change in circumstances that would warrant the court undoing its prior order or that would warrant setting aside the agreement of the parties as it relates to allowing the funds from the 401k to be received by Alex’s counsel.”\n\nBamberg did not immediately respond to Law&Crime’s request as to when he expects to file his objection.\n\nFollowing his conviction, Murdaugh was ordered to serve [two consecutive life sentences](https://lawandcrime.com/live-trials/live-trials-current/alex-murdaugh/live-alex-murdaugh-will-be-sentenced-on-double-murder-convictions-day-27/) by [Judge Clifton Newman](https://lawandcrime.com/live-trials/live-trials-current/alex-murdaugh/judge-tells-alex-murdaugh-his-legal-dynasty-sent-people-to-die-for-less-before-sentencing-him-to-prison-forever/), who noted that the lawyer-turned-convicted-murderer now faces the same fate as those who he had previously prosecuted.\n\nMurdaugh is [appealing the conviction](https://lawandcrime.com/live-trials/live-trials-current/alex-murdaugh/alex-murdaughs-attorney-furious-about-sheriffs-office-releasing-attorney-client-privileged-jailhouse-phone-call-absolutely-talking-about-trial-strategy/).', 'https://www.reddit.com/r/MurdaughFamilyMurders/comments/1203noo/absolutely_hell_no_eric_bland_on_alex_murdaugh/', '1203noo', [['u/Q-that', 15, '2023-03-24 01:52', 'https://www.reddit.com/r/MurdaughFamilyMurders/comments/1203noo/absolutely_hell_no_eric_bland_on_alex_murdaugh/jdfk0k8/', 'I believe I have solved the motive question. The Primary motive and end game was for AM to die like his Grand Father and for Buster to continue to carry on the family legacy of being a lawyer. His lineage was so ingrained in him he could not conceive or allow the lineage to end or be broken. It was his duty to ensure Buster flourished and that means he needed $$$$. Lots of it. After getting caught swindling his law firm the jig was up. He had no choice but to take out MM who was about to hire a divorce attorney and PM who was going to cost him millions… in Alex’s mind he was at the end of his rope. He would buy enough time for himself to attempt to pull off the cowardly roadside shooting which would’ve set up Buster but ultimately AM’s cowardice prevailed and he crash and burned. This explains the calls to BM trying to get him back in school. Etc. it’s logical and makes sense.', '1203noo'], ['u/lilly_kilgore', 15, '2023-03-24 02:42', 'https://www.reddit.com/r/MurdaughFamilyMurders/comments/1203noo/absolutely_hell_no_eric_bland_on_alex_murdaugh/jdfqrmb/', "But the life insurance policy didn't exist...", '1203noo'], ['u/Beneficial_Mirror_45', 46, '2023-03-24 02:49', 'https://www.reddit.com/r/MurdaughFamilyMurders/comments/120...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
| |
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['While Bitcoin’s price hasrecoveredsince its March lows, topping out near $28,900, the crisis that caused the initial dip still poses concerns for the market.\nThe closure of Silvergate’s SEN and Signature’s Signet network in early March has exposed the crypto market to low liquidity risks.\n“Liquidity is king,” an adage in trading circles, is an apt way to describe its importance. It describes a market\'s ability to facilitate conversion between an asset to fiat currency.\nPoor liquidity around an asset leads to market inefficiencies where traders lose money due to events like thin order books, slippage, and larger spreads. It can also cause serious volatility and deter sophisticated investors from placing trades.\nKaiko’s head of research Clara Medalie toldDecryptthat the current situation is “pretty dangerous” and could manifest in massive price volatility in both directions.\n"A drop in liquidity certainly helps traders to the upside, but there is always eventually a downside,” said Medalie. “The moment buy pressure subsides, anything can happen to price."\nThe liquidity crisis first manifested with a $200 million drop in 1% market depth after Silvergate’s SEN network wasclosed, as identified in Kaiko’s latest researchnote.\nThe 1% market depth is calculated by summing the bids and asks within 1% of the mid-price for the top 10 cryptocurrencies. If the market depth is sufficient and order books are crowded around the market price, it reduces the volatility in the market.\nThe market depth for Bitcoin and Ethereum is still down 16.12% and 17.64%, respectively, from their monthly opening levels. Kaiko analyst Conor Ryder wrote that “we are currently at our lowest level of liquidity in BTC markets in 10 months, even lower than the aftermath of FTX.”\nThe liquidity crunch is also causing inefficiencies such as high slippage and larger spreads. Coinbase’s BTC-USD pair currently exhibits nearly three times higher slippage than at the start of March.\nSlippage refers to the price at which an order is placed and the final price once that order is actually executed. In low liquidity environments, the difference between these two orders can be much larger than usual.\nGrowing List of Crypto Companies Cutting Silvergate Ties\nThe most liquid pair in the crypto market, the BTC-USDT pair on Binance, also suffered a blow after the exchange ended itszero-free program.\nAs a result, the pair’s liquidity depleted by 70% as market makers moved to greener pastures.\nThese conditions have deterred market makers and sophisticated day traders from placing trades because of the additional costs incurred due to market inefficiencies, worsening the low-liquidity environment.\nThe market share of fiat dollars and stablecoins has also drastically shifted, with stablecoin volumes on centralized exchanges rising from a 77% share of volumes to 95% in just over a year.\nThe trend accelerated swiftly after the closure of crypto banking networks.\nWhile shifting to stablecoin trading pairs does not create an issue for medium to small-scale investors, it can become a problem for more sophisticated traders.\nMedalie explained that USD networks are essential to traders, who are required to settle their traders daily.\n"Stablecoins are not ideal from a risk management perspective, especially to settle at the end of the day or week,” she said. “But if banks close and don\'t process transactions, then stablecoins are the next best alternative."', 'While Bitcoin\x92s price has recovered since its March lows, topping out near $28,900, the crisis that caused the initial dip still poses concerns for the market. The closure of Silvergate\x92s SEN and Signature\x92s Signet network in early March has exposed the crypto market to low liquidity risks. \x93Liquidity is king,\x94 an adage in trading circles, is an apt way to describe its importance. It describes a market\'s ability to facilitate conversion between an asset to fiat currency. Poor liquidity around an asset leads to market inefficiencies where traders lose money due to events like thin order books, slippage, and larger spreads. It can also cause serious volatility and deter sophisticated investors from placing trades. Kaiko\x92s head of research Clara Medalie told Decrypt that the current situation is \x93pretty dangerous\x94 and could manifest in massive price volatility in both directions. "A drop in liquidity certainly helps traders to the upside, but there is always eventually a downside,\x94 said Medalie. \x93The moment buy pressure subsides, anything can happen to price." Crypto\x92s liquidity crisis The liquidity crisis first manifested with a $200 million drop in 1% market depth after Silvergate\x92s SEN network was closed , as identified in Kaiko\x92s latest research note . The 1% market depth is calculated by summing the bids and asks within 1% of the mid-price for the top 10 cryptocurrencies. If the market depth is sufficient and order books are crowded around the market price, it reduces the volatility in the market. The market depth for Bitcoin and Ethereum is still down 16.12% and 17.64%, respectively, from their monthly opening levels. Kaiko analyst Conor Ryder wrote that \x93we are currently at our lowest level of liquidity in BTC markets in 10 months, even lower than the aftermath of FTX.\x94 BTC and ETH 1% market depth in March 2023. Source: Kaiko . The liquidity crunch is also causing inefficiencies such as high slippage and larger spreads. Coinbase\x92s BTC-USD pair currently exhibits nearly three times higher slippage than at the start of March. Story continues Slippage refers to the price at which an order is placed and the final price once that order is actually executed. In low liquidity environments, the difference between these two orders can be much larger than usual. Growing List of Crypto Companies Cutting Silvergate Ties The most liquid pair in the crypto market, the BTC-USDT pair on Binance, also suffered a blow after the exchange ended its zero-free program . As a result, the pair\x92s liquidity depleted by 70% as market makers moved to greener pastures. These conditions have deterred market makers and sophisticated day traders from placing trades because of the additional costs incurred due to market inefficiencies, worsening the low-liquidity environment. The need for fiat on-ramps The market share of fiat dollars and stablecoins has also drastically shifted, with stablecoin volumes on centralized exchanges rising from a 77% share of volumes to 95% in just over a year. The trend accelerated swiftly after the closure of crypto banking networks. Stablecoin market share (blue) in March 2023. Source: Kaiko . While shifting to stablecoin trading pairs does not create an issue for medium to small-scale investors, it can become a problem for more sophisticated traders. Medalie explained that USD networks are essential to traders, who are required to settle their traders daily. "Stablecoins are not ideal from a risk management perspective, especially to settle at the end of the day or week,\x94 she said. \x93But if banks close and don\'t process transactions, then stablecoins are the next best alternative."', 'While Bitcoin’s price hasrecoveredsince its March lows, topping out near $28,900, the crisis that caused the initial dip still poses concerns for the market.\nThe closure of Silvergate’s SEN and Signature’s Signet network in early March has exposed the crypto market to low liquidity risks.\n“Liquidity is king,” an adage in trading circles, is an apt way to describe its importance. It describes a market\'s ability to facilitate conversion between an asset to fiat currency.\nPoor liquidity around an asset leads to market inefficiencies where traders lose money due to events like thin order books, slippage, and larger spreads. It can also cause serious volatility and deter sophisticated investors from placing trades.\nKaiko’s head of research Clara Medalie toldDecryptthat the current situation is “pretty dangerous” and could manifest in massive price volatility in both directions.\n"A drop in liquidity certainly helps traders to the upside, but there is always eventually a downside,” said Medalie. “The moment buy pressure subsides, anything can happen to price."\nThe liquidity crisis first manifested with a $200 million drop in 1% market depth after Silvergate’s SEN network wasclosed, as identified in Kaiko’s latest researchnote.\nThe 1% market depth is calculated by summing the bids and asks within 1% of the mid-price for the top 10 cryptocurrencies. If the market depth is sufficient and order books are crowded around the market price, it reduces the volatility in the market.\nThe market depth for Bitcoin and Ethereum is still down 16.12% and 17.64%, respectively, from their monthly opening levels. Kaiko analyst Conor Ryder wrote that “we are currently at our lowest level of liquidity in BTC markets in 10 months, even lower than the aftermath of FTX.”\nThe liquidity crunch is also causing inefficiencies such as high slippage and larger spreads. Coinbase’s BTC-USD pair currently exhibits nearly three times higher slippage than at the start of March.\nSlippage refers to the price at which an order is placed and the final price once that order is actually executed. In low liquidity environments, the difference between these two orders can be much larger than usual.\nGrowing List of Crypto Companies Cutting Silvergate Ties\nThe most liquid pair in the crypto market, the BTC-USDT pair on Binance, also suffered a blow after the exchange ended itszero-free program.\nAs a result, the pair’s liquidity depleted by 70% as market makers moved to greener pastures.\nThese conditions have deterred market makers and sophisticated day traders from placing trades because of the additional costs incurred due to market inefficiencies, worsening the low-liquidity environment.\nThe market share of fiat dollars and stablecoins has also drastically shifted, with stablecoin volumes on
**Last 60 Days of Bitcoin's Closing Prices:**
[]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-25
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $529,907,550,900
- Hash Rate: 337646718.49692744
- Transaction Count: 290197.0
- Unique Addresses: 659846.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.64
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin posted impressive gains of over 6% in the past 24 hours, reaching a high of $26,350 on Friday morning, per data fromCoinGecko.
Bitcoin’s price surge came alongside a wider uplift in the cryptocurrency market, which saw the total market cap of all cryptocurrencies rise over 4% in the past day, to $1.17 trillion. It follows a rise in U.S. and Asian stock markets after major lenders in J.P. Morgan, Goldman Sachs, and others agreed to inject $30 billion to save U.S.-based First Republic Bank from insolvency, promoting risk-on sentiments.
Earlier this week, U.S. inflation data for February came along the lines of market expectations, showing signs of slowing down. The CME FedWatch toolshowsthat traders have put an 84.1% chance that the Fed will raise rates by 25 bps, while the rest predict that Fed could also maintain the current rate.
The dollar's yield is declining as the Fed potentially moves away from quantitative tightening, prompting renewed interest in risk-on assets like stocks and crypto from investors.
On Thursday, the European Central Bank also raised its benchmark interest rate by 50 base points (bps), putting further pressure on DXY with a relatively higher-yielding euro than the dollar.
"Bitcoin is reacting to the increase in the Fed's balance sheet and the form of "quantitative easing (QE) light" taken in response to Silicon Valley Bank," Nathan Batchelor, managing partner at Biyond Trader, toldDecrypt. He added that, "Technically Bitcoin is wildly bullish above $25,000 and looks to be targeting $28,000 at a minimum."
Banking Chaos a ‘Reminder’ of Fractional-Reserve Risks: Circle Global Policy VP
Another factor influencing Bitcoin's price is the risk of aglobal banking crisis. Banks worldwide in Europe and the U.S. are facing a potential insolvency crisis. While the state governments and other larger institutions like J.P. Morgan have backstopped the fallout for now, uncertainty around a banking failure is helping to build positive sentiment around decentralized alternatives such as Bitcoin....
- Reddit Posts (Sample): [['u/No_Concentrate2892', 'Which kind of situation will force you to sell?', 14, '2023-03-25 02:05', 'https://www.reddit.com/r/CryptoCurrency/comments/1215ihi/which_kind_of_situation_will_force_you_to_sell/', 'People actually claim to be strong holders that can go against any situation wanting them to sell off some of their bitcoins. The strongest of holders do not just sell at the slightest economic discomfort I know, but I believe everybody has a threshold at which if the pressure surpasses them, they would break into the decision of selling some of their bitcoins to sort the present condition. What kind of situation do you think is enough to pressure you in seeling some of the bitcoins you have been holding. Is family or health challenge enough reason to?', 'https://www.reddit.com/r/CryptoCurrency/comments/1215ihi/which_kind_of_situation_will_force_you_to_sell/', '1215ihi', [['u/IAmNocturneAMA', 13, '2023-03-25 02:07', 'https://www.reddit.com/r/CryptoCurrency/comments/1215ihi/which_kind_of_situation_will_force_you_to_sell/jdkfxkk/', 'Banks collapsing got me scared, but seeing how things turned out post-2008 makes me want to triple-down, do some OT and buy buy buy.', '1215ihi'], ['u/Usual-Locksmith4657', 16, '2023-03-25 02:09', 'https://www.reddit.com/r/CryptoCurrency/comments/1215ihi/which_kind_of_situation_will_force_you_to_sell/jdkg6qu/', 'Having made enough money to pay for the rest of my life and live comfortably without having to work again', '1215ihi']]], ['u/Laure95', 'The URGENT need for easy P2P Bitcoin transactions in ARGENTINA', 34, '2023-03-25 02:17', 'https://www.reddit.com/r/Bitcoin/comments/1215tzk/the_urgent_need_for_easy_p2p_bitcoin_transactions/', "Hi everyone!\n\nI'll start of by saying that i'm not a Bitcoin expert in any way, shape or form. I'm just a worried citizen looking for help.\n\nI live in ARGENTINA, a beautiful country with an inflation rate of about 100% per year. Our government insists that we use their currency, but it's becoming increasingly difficult to rely on it as a means of exchange. As a result, more and more people are turning to save their money in other coins as a way to protect their savings from inflation. We're on or way of becoming another Venezuela.\n\nThe problem is that it's not easy to buy Bitcoin in Argentina. There are few exchanges that allow us to purchase Bitcoin with our local currency, but very fewer that let us do it in a peer-to-peer manner. This makes it incredibly hard for us to access a valuable financial asset that could help us in being capable of saving money.\n\nI need to emphasize that the situation in Argentina is very different from that in first-world countries. Here, the government pays close attention to every financial transaction that its citizens make, and we have a set amount of money that we can spend outside our country. As a result, using centralized exchanges to buy Bitcoin is not an option for many of us. We need a P2P solution that allows us to buy Bitcoin in a way that is safe, easy, and private, but most importantly: LOCAL.\n\nThe lack of easy and accessible P2P Bitcoin transactions is a significant barrier to achieving mass adoption in Argentina. Many people in our country are not tech-savvy, and even more are fearful of government control and taxes. Centralized exchanges can leave a trail of financial transactions that could be subject to government scrutiny and taxation. P2P transactions offer a way to buy and sell Bitcoin anonymously, which could help protect citizens from government surveillance and taxation. By creating a user-friendly platform for P2P Bitcoin transactions, we could help make cryptocurrencies accessible to everyone in Argentina, regardless of their level of technical expertise, and provide a way to protect their wealth from inflation. Or maybe it already exists and it's not well known. I've been searching and i didn't find any.\n\nI believe that P2P Bitcoin transactions are crucial for the financial well-being of the people of Argentina. It's time for us to come together and create a platform that allows us to buy and sell Bitcoin in a way that works for us. We need a system that is relatively easy to use, secure, and anonymous. Only then can we truly protect our wealth and build a better future for ourselves and our families.\n\nThank you for taking the time to read this. I hope that we can work together to make P2P Bitcoin transactions a reality in Argentina.", 'https://www.reddit.com/r/Bitcoin/comments/1215tzk/the_urgent_need_for_easy_p2p_bitcoin_transactions/', '1215tzk', [['u/Laure95', 13, '2023-03-25 03:02', 'https://www.reddit.com/r/Bitcoin/comments/1215tzk/the_urgent_need_for_easy_p2p_bitcoin_transactions/jdkmvsd/', "Man, i really doubted about making this post because i was sure i was only gonna get this kind of answers that skip the whole point and go straight to the FAQ answers...\n\nI know aprox how bitcoin works, i have a wallet, i have a cold wallet, i own btc. \n\nWhat i'm saying is that it really is NOT EASY to access P2P transactions.\n\nAnyways, thanks for trying to help.", '1215tzk'], ['u/zfride', 11, '2023-03-25 03:17', 'https://www.reddit.com/r/Bitcoin/comments/1215tzk/the_urgent_need_for_easy_p2p_bitcoin_transactions/jdkoons/', 'Is RoboSats or Bisq available in Argentina?', '1215tzk'], ['u/fernandu00', 10, '2023-03-25 10:28', 'https://www.reddit.com/r/Bitcoin/comments/1215tzk/the_urgent_need_for_easy_p2p_bitcoin_transactions/jdlpjja/', "I understand your pain.. I. Live in Brazil and I think we are going to the same path regarding inflation with the new president..\nHave you tried hodl hodl? I used last month and it was great! I checked the site before writing this and there was 1 offer with ARS but the minimum amount is 10000 ARS.. It's a p2p no kyc way to buy your btc.. I think you should give it a try.. Saludos desde Brasil", '1215tzk']]], ['u/escodelrio', 'Bitcoin Just Dropped a New Album', 98, '2023-03-25 04:59', 'https://www.reddit.com/r/Bitcoin/comments/1219uvp/bitcoin_just_dropped_a_new_album/', '&#x200B;\n\nhttps://preview.redd.it/vlxmwxeq6tpa1.jpg?width=1280&format=pjpg&auto=webp&v=enabled&s=0573b4104c81801251f56204e74102bafdf7a99c', 'https://www.reddit.com/r/Bitcoin/comments/1219uvp/bitcoin_just_dropped_a_new_album/', '1219uvp', [['u/benditbackwards', 12, '2023-03-25 05:54', 'https://www.reddit.com/r/Bitcoin/comments/1219uvp/bitcoin_just_dropped_a_new_album/jdl5nyl/', 'that is fricking awesome! Will they be going on tour!?? \nHow about Bitcoin 2023 in Miami?? \nAny chance they will be making an appearance??', '1219uvp']]], ['u/AutoModerator', '[Daily Discussion] - Saturday, March 25, 2023', 32, '2023-03-25 05:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/1219w75/daily_discussion_saturday_march_25_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/1219w75/daily_discussion_saturday_march_25_2023/', '1219w75', [['u/Essexal', 12, '2023-03-25 05:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/1219w75/daily_discussion_saturday_march_25_2023/jdl3t9y/', 'Sometimes, the universe talks to you.\n\nhttps://www.reddit.com/r/ATBGE/comments/120nkpl/literal_garbage_fiat/?utm_source=share&utm_medium=ios_app&utm_name=iossmf', '1219w75'], ['u/cousin_brian', 12, '2023-03-25 06:58', 'https://www.reddit.com/r/BitcoinMarkets/comments/1219w75/daily_discussion_saturday_march_25_2023/jdlb0pb/', 'Fiat is only good for strip clubs', '1219w75'], ['u/Ok_File_9520', 15, '2023-03-25 15:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/1219w75/daily_discussion_saturday_march_25_2023/jdmii79/', 'No post in 10 hours?', '1219w75'], ['u/sevcapital', 13, '2023-03-25 16:17', 'https://www.reddit.com/r/BitcoinMarkets/comments/1219w75/daily_discussion_saturday_march_25_2023/jdmo8nj/', 'buy now and sell when no post in ten minutes seems long', '1219w75'], ['u/gozunker', 19, '2023-03-25 16:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/1219w75/daily_discussion_saturday_march_25_2023/jdmroi3/', 'Enjoy the weekend. Only in the market are weekends fake. Go enjoy the real weekend, I’ll catch y’all here again on Monday as a new thrilling week in the world of Bitcoin begins.\n\nJust kidding, I’ll probably be back checking for new posts in like an hour. But enjoy the weekend nonetheless.', '1219w75'], ['u/Essexal', 10, '2023-03-25 18:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/1219w75/daily_discussion_saturday_march_25_2023/jdn3u09/', 'Seeing as it’s silent in here.\n\n~45 hours until US opens, price currently 27.6k.\n\nWho thinks we are above this price at open, and who thinks we are below\n\nThank you please.', '1219w75'], ['u/Autvin', 10, '2023-03-25 19:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/1219w75/daily_discussion_saturday_march_25_2023/jdnbh0r/', 'Here I’m sitting and trying to figure out for a moment what tennis has to do with bitcoin.', '1219w75']]], ['u/rBitcoinMod', 'Daily Discussion, March 25, 2023', 41, '2023-03-25 07:07', 'https://www.reddit.com/r/Bitcoin/comments/121cqnn/daily_discussion_march_25_2023/', "Please utilize this sticky thread for all general ...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
| |
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['• Bitcoin is having a "watershed moment" thanks to the ongoing banking crisis, an analyst told Insider.\n• The cryptocurrency has surged nearly 40% since early March when SVB\'s collapse unleashed mayhem in the banking system.\n• Here\'s 3 reasons why bitcoin is reigning supreme in a time of financial-sector turbulence.\nBanks are imploding, the traditional financial system is on wobbly ground, and fears of a2008-style crisis have come into play.\nThat\'s good news for some.\nAs global markets still recover from the shock of this month\'s US bank collapses – Silvergate Capital,Silicon Valley Bank, Signature Bank – and a government-backed rescue of Credit Suisse in Europe, bitcoin has come out on top.\nThe world\'s largest cryptocurrency is enjoying its best quarter in two years, soaring almost 70% since end-December and hitting a nine-month high just shy of $29,000 last week. It has jumped almost 40% since early March when the banking crisis erupted, riding digital assets\' image as a futuristic alternative to traditional finance.\n"This is a watershed moment in bitcoin\'s history and adoption is likely to accelerate from here, particularly if it continues to decouple from financial markets and prove its resiliency in times of market stress," Lucy Gazmararian, crypto expert and founder of Token Bay Capital told Insider.\nThe rally comes after a painful 2022, which saw bitcoin lose almost two-thirds of its value as theFederal Reserve\'s aggressive interest rate hikes, recession fears, and more recently, the shocking failure of industry darling FTX all undermined investor sentiment.\nFor many crypto enthusiasts, the surge in digital assets at a time of turmoil for other financial assets is a reason to gloat. "This is our time!! Let\'s go team$BTC!! [...] "The decentralized revolution is happening," said Galaxy Digital CEO Mike Novogratz in a tweet.\nBut of course, not everyone is on the same page. Wharton professorJeremy Siegelsaid the rally in bitcoin is set to fizzle out once people start trusting banks again.\nAll this is to ask in the first place: Why is bitcoin shining in the middle of global banking turmoil?\nThe banking crisis has triggered panic and mistrust among investors about the broader financial system. That\'s because it\'s revealed that the money people deposit in banks is the institution\'s money as much as their own.\nBanks use customer deposits to extend loans or invest in yielding assets like bonds. But such investments can end in losses, as was the case with Silicon Valley Bank\'sbond portfolio. That has made depositors nervous about the safety of their money – should their bank\'s transactions prove unsuccessful.\nThat\'s where bitcoin\'s benefits come in. The cryptocurrency is adecentralized asset, meaning it\'s not controlled by an external body. And from that rises its appeal as a safer asset in times of banking stress, when the financial system is prone to counterparty risk.\n"We are likely to see increased institutional interest in the asset given its "safe haven" status during times of market stress," Gazmararian said.\nThe recent financial turmoil has renewed investor hopes that the Fed will ease up on its monetary policy, especially because some of the bank collapses stemmed from the aggressive rate hikes of the past year.\nThose expectations were vindicated at the central bank\'sWednesday meeting, when policymakers raised the benchmark rate by 25 basis points instead of 50 basis points traders expected at the start of March. Fed chair Jerome Powell also acknowledged that if credit flows slow across the broader financial system as a fallout of the banking turbulence, then the central bank may not have to be so tight with its monetary policy.\nLenders have been making it harder for borrowers to access credit amid the global banking panic, which has a similar effect on economic activity as an increase in interest rates – effectively banks are doing the Fed policymakers\' job for them.\nShould the central bank opt to loosen its policy, that would be positive for crypto assets. Monetary easing means lower borrowing costs - and that would give investors more disposable funds to plow into risky assets such as bitcoin and stocks.\nIn the wake of the recent financial-sector turbulence, the Fed has taken steps to pump more cash into the financial system in order to prevent more bank runs.\nFor example, it has created an emergency loan mechanism dubbed the Bank Term Funding Program that will allow banks to raise cash by putting up their bond holdings as collateral.\nThat too works in bitcoin\'s favor - an increase in financial liquidity can add to the appeal of digital assets that are limited in supply, relative to traditional fiat currencies like the US dollar. As the law of supply and demand commands, adding money to the financial system reduces the dollar\'s value simply because it becomes more easily available.\nBitcoin\'s supply is finite. There will only be 21 million bitcoins in existence once the last one is mined 118 years from now – meaning it is less likely to fall in value by central bank manipulation.\nRead the original article onBusiness Insider', 'Bitcoin has risen nearly 40% since early March when SVB collapsed. Yuichiro Chino Bitcoin is having a "watershed moment" thanks to the ongoing banking crisis, an analyst told Insider. The cryptocurrency has surged nearly 40% since early March when SVB\'s collapse unleashed mayhem in the banking system. Here\'s 3 reasons why bitcoin is reigning supreme in a time of financial-sector turbulence. Banks are imploding, the traditional financial system is on wobbly ground, and fears of a 2008-style crisis have come into play . That\'s good news for some. As global markets still recover from the shock of this month\'s US bank collapses \x96 Silvergate Capital, Silicon Valley Bank , Signature Bank \x96 and a government-backed rescue of Credit Suisse in Europe, bitcoin has come out on top. The world\'s largest cryptocurrency is enjoying its best quarter in two years, soaring almost 70% since end-December and hitting a nine-month high just shy of $29,000 last week. It has jumped almost 40% since early March when the banking crisis erupted, riding digital assets\' image as a futuristic alternative to traditional finance. "This is a watershed moment in bitcoin\'s history and adoption is likely to accelerate from here, particularly if it continues to decouple from financial markets and prove its resiliency in times of market stress," Lucy Gazmararian, crypto expert and founder of Token Bay Capital told Insider. The rally comes after a painful 2022, which saw bitcoin lose almost two-thirds of its value as the Federal Reserve\'s aggressive interest rate hikes , recession fears, and more recently, the shocking failure of industry darling FTX all undermined investor sentiment. For many crypto enthusiasts, the surge in digital assets at a time of turmoil for other financial assets is a reason to gloat. "This is our time!! Let\'s go team $BTC !! [...] "The decentralized revolution is happening," said Galaxy Digital CEO Mike Novogratz in a tweet. But of course, not everyone is on the same page. Wharton professor Jeremy Siegel said the rally in bitcoin is set to fizzle out once people start trusting banks again. Story continues All this is to ask in the first place: Why is bitcoin shining in the middle of global banking turmoil? Safety from banking stress The banking crisis has triggered panic and mistrust among investors about the broader financial system. That\'s because it\'s revealed that the money people deposit in banks is the institution\'s money as much as their own. Banks use customer deposits to extend loans or invest in yielding assets like bonds. But such investments can end in losses, as was the case with Silicon Valley Bank\'s bond portfolio . That has made depositors nervous about the safety of their money \x96 should their bank\'s transactions prove unsuccessful. That\'s where bitcoin\'s benefits come in. The cryptocurrency is a decentralized asset , meaning it\'s not controlled by an external body. And from that rises its appeal as a safer asset in times of banking stress, when the financial system is prone to counterparty risk. "We are likely to see increased institutional interest in the asset given its "safe haven" status during times of market stress," Gazmararian said. Interest-rate outlook The recent financial turmoil has renewed investor hopes that the Fed will ease up on its monetary policy, especially because some of the bank collapses stemmed from the aggressive rate hikes of the past year. Those expectations were vindicated at the central bank\'s Wednesday meeting , when policymakers raised the benchmark rate by 25 basis points instead of 50 basis points traders expected at the start of March. Fed chair Jerome Powell also acknowledged that if credit flows slow across the broader financial system as a fallout of the banking turbulence, then the central bank may not have to be so tight with its monetary policy. Lenders have been making it harder for borrowers to access credit amid the global banking panic, which has a similar effect on economic activity as an increase in interest rates \x96 effectively banks are doing the Fed policymakers\' job for them. Should the central bank opt to loosen its policy, that would be positive for crypto assets. Monetary easing means lower borrowing costs - and that would give investors more disposable funds to plow into risky assets such as bitcoin and stocks. More cash in the financial system In the wake of the recent financial-sector turbulence, the Fed has taken steps to pump more cash into the financial system in order to prevent more bank runs. For example, it has created an emergency loan mechanism dubbed the Bank Term Funding Program that will allow banks to raise cash by putting up their bond holdings as collateral. That too works in bitcoin\'s favor - an increase in financial liquidity
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-03-26
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $532,093,244,162
- Hash Rate: 335318120.4383279
- Transaction Count: 261243.0
- Unique Addresses: 594775.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.64
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: The PayBito chief voiced his concern towards the role of key contributors maligning the existing monetary system with political influence, and calls for a change in practice. PALO ALTO, Calif. , Feb. 11, 2023 /PRNewswire-PRWeb/ -- The start of 2023 has investors and enterprises apprehensive in matters pertaining to the global economy. Institutions around the world reported heavy losses owing to fed rate hikes, inflation, supply chain disruptions, the European energy crisis and more. HashCash Consultants and PayBito CEO Raj Chowdhury highlighted the negative impact of institutional arbitrage, and proposes a conscious switch towards frameworks immune from human tampering. The act of arbitrage is controversial, with powerful global corporations often shifting decisions in their favor with the help of strong political influence. They hold considerable sway in yielding desirable outcomes and bypassing market, societal and environmental regulations, both directly and discretely. The HashCash chief identifies the fallacies present in the present monetary mechanism, stating , "The current monetary system is fraught with political influence and institutional arbitrage. This system created economic crises, financial exclusion and distributed more wealth to the wealthy. Let's put our faith in a mathematical framework free of human vice." The framework refers to cryptocurrencies like Bitcoin and its underlying blockchain technology. Rising as one of the most disruptive technologies of the present era with a seemingly endless scope of applications, blockchain has been adopted heavily by virtually all major players in the BFSI sector. The response has, however, not been the same for digital assets, with detractors citing recent exchange crashes, stablecoin fallouts as reasons for not banking upon crypto. On a side note, a majority of developing or already developed nations are either developing or conducting research on Central Bank Digital Currency(CBDC). The PayBito CEO has said earlier that regulation , not prohibition or heavy taxation is what's necessary for the crypto ecosystem. Story continues A recent World Economic Forum meet was held at Davos with the objective of reinforcing collaboration across a fragmented world. It has been found that several corporations transfer and conduct a notable portion of their most profitable value-addition activities offshore, including European financial centers, to avoid taxation, rules and responsibilities. Corporate arbitrage thus creates significant economic consequences, even for developing nations. Meanwhile, institutional arbitrages, while highly profitable, were also partially responsible for the 2008-09 global financial crisis, where institutional investors allocated capital in complex investment strategies and financial instruments. PayBito , a US-based crypto exchange developed and maintained by HashCash Consultants, has been a frontrunner in integrated crypto-forex technology, having deployed solutions in over 26 countries. The digital assets marketplace helmed by Chowdhury won global recognition as a top-provider of crypto exchange technology. PayBito has been the first in the world to integrate ChatGPT AI in its trading architecture and started a white label crypto broker program to democratize brokerage services at nominal monthly subscription. The extent of corporate influence in monetary decision-making has increased worldwide, and this has led to fragmentation and a lapse in trust. It is vital to have a robust framework that promotes financial transparency and inclusion, rather than alienating everyone in disproportionate wealth distribution, without human intervention. About Raj Chowdhury: Raj Chowdhury is the Managing Director of HashCash Consultants and Paybito . Raj pioneered the first interbank Trade Finance and Remittance implementation of Blockchain Technology between two of the largest global banks. Raj is an eminent voice in the Blockchain and Cryptocurrency space and actively engages with policymakers in this area. He is a contributor to Economic Times, Business World, CNNMoney and advises industry leaders in the adoption of Blockchain. He is a member of Asha Silicon Valley, a nonprofit committed to education for children in emerging countries. Author of the book 'The Dark Secret of the Silicon Valley', Raj is an investor in blockchain and cryptocurrency companies and an active member of the philanthropic community. Media Contact Coleen Facete, Hashcash Digest, +14159662907, [email protected] SOURCE PayBito...
- Reddit Posts (Sample): [['u/teeman4551', "Early 20's with 100k to Invest", 50, '2023-03-26 00:41', 'https://www.reddit.com/r/passive_income/comments/1223lxa/early_20s_with_100k_to_invest/', " As the heading implies, I have a decent sum of money to invest for my age 22. Still live at home don't have to pay for food or rent and my car is paid off. Might seem a little unrealistic but would hope to retire from 9-5 life in my 30's with 2.5mill. 4% return on that is 100k and anything more I earn id just reinvest to keep that number growing. I listen to a lot of Bigger Pockets Podcasts and I'm leaning towards purchasing rentals. Relatively safe and not very hands on, with a property manager. I would appreciate your input on potential opportunities and not scared to put in sweat equity up front. I have done research into 401k, stocks, IRAs, and bonds and am not overly interested. Please treat the investment as you're own and recommend any innovative ideas that you may have researched or considered. This pursuit is in addition to my regular employment. Currently, I am also putting money away 401k as a safety net if I fail in life. I also have a couple thousand split between BTC, XRP and a few other smaller cryptos.\n\nTLDR - Wanna retire from 9-5 in my 30's with 2.5mill. Currently have 100k to invest.\n\n Any advice is greatly appreciated!", 'https://www.reddit.com/r/passive_income/comments/1223lxa/early_20s_with_100k_to_invest/', '1223lxa', [['u/yksvocap', 81, '2023-03-26 01:03', 'https://www.reddit.com/r/passive_income/comments/1223lxa/early_20s_with_100k_to_invest/jdooawz/', 'Do whatever you did to get 100k by age 22…', '1223lxa'], ['u/Slight-Muffin5654', 20, '2023-03-26 01:42', 'https://www.reddit.com/r/passive_income/comments/1223lxa/early_20s_with_100k_to_invest/jdotlnl/', 'Fuck you for being so ahead of the game. That said, great job. Not financial advice, however have you ever checked out the Bitcoin Rainbow Chart?\n\nIt’s not “passive income” tho, like owning a rental property or REITs or owning a turnkey franchise…', '1223lxa'], ['u/ManicSheogorath', 53, '2023-03-26 07:36', 'https://www.reddit.com/r/passive_income/comments/1223lxa/early_20s_with_100k_to_invest/jdpqcjd/', 'So just live at your parents rent free, food free until 40', '1223lxa'], ['u/674_Fox', 25, '2023-03-26 07:53', 'https://www.reddit.com/r/passive_income/comments/1223lxa/early_20s_with_100k_to_invest/jdprri3/', 'DO NOT use a property manager. Rentals are easy to run if you have a good systems and processes. \n\nBigger Pockets is biased. I would consider holding off on buying rentals right now. \n\nIf interest rates keep going up, you may see a softening in prices. The real money is not made in rent, it’s in appreciation and tax advantages.', '1223lxa'], ['u/Open_Bad827', 77, '2023-03-26 11:38', 'https://www.reddit.com/r/passive_income/comments/1223lxa/early_20s_with_100k_to_invest/jdq7h5i/', "Make sure you remember to live a little whilst you're young", '1223lxa'], ['u/IAmCyper', 23, '2023-03-26 12:23', 'https://www.reddit.com/r/passive_income/comments/1223lxa/early_20s_with_100k_to_invest/jdqahg1/', 'How you get the 100k😂I’m 22 in 40k debt', '1223lxa'], ['u/DrBeepers', 29, '2023-03-26 14:04', 'https://www.reddit.com/r/passive_income/comments/1223lxa/early_20s_with_100k_to_invest/jdqicpi/', 'Best advice in the thread. You can’t put a dollar amount on life experiences.', '1223lxa'], ['u/jesseowens1233', 15, '2023-03-26 16:42', 'https://www.reddit.com/r/passive_income/comments/1223lxa/early_20s_with_100k_to_invest/jdqzwn0/', 'Most likely inheritance', '1223lxa'], ['u/brasscassette', 12, '2023-03-26 19:15', 'https://www.reddit.com/r/passive_income/comments/1223lxa/early_20s_with_100k_to_invest/jdrl75g/', 'I have a rental property, now is not a good time to get into the market. Prices are inflated and mortgage rates are high. Beyond that, you need more than a down payment to buy a house. You’ll need a steady stream of income that can afford the mortgage on its own before you’ll even get approved for a loan. Not to mention, no matter what property you buy, you’ll need to do some minor renos even if it’s just paint and that’ll run up the bill as well. You’d also need to pay for as much of the house to be brought up to code as you can afford. There are lots of hidden fees to property ownership.', '1223lxa']]], ['u/lux--__--888', 'Why owning at least 2.1 bitcoins is a good idea', 141, '2023-03-26 00:49', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/', 'There can only be 21 million bitcoins, ever.\n\nThis is already underpredicted since there are individuals that own a lot of bitcoins and there are bitcoins lost in circulation already. Invest in a little day - no reason not to.', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/', '1223tcr', [['u/Flurb789', 32, '2023-03-26 01:10', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdop7v7/', "You're off by a 0", '1223tcr'], ['u/Flurb789', 25, '2023-03-26 01:11', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdopge4/', '21,000,000/2.1=10,000,000', '1223tcr'], ['u/RobsBitcoin', 202, '2023-03-26 01:20', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdoqmmx/', 'Maybe everyone should get 2.2 just to be safe.', '1223tcr'], ['u/tabovilla', 10, '2023-03-26 01:21', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdoqqly/', "the math and logic on this post is completely wrong/nonsensical.\n\nif there are 21m and you hold 2.1, means you're top 10 or 1 million of holders? what!?\n\nthe relation between holding 2.1btc and how much btc there'll be, has nothing to do with where you land in the top 100/1k/1m holders list, etc; there's a distribution curve but the relation is not linear arithmetics (21m / 2.1 = 10m, so?).", '1223tcr'], ['u/llllllllllllllll12', 21, '2023-03-26 01:31', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdos3sy/', 'Awe man this is embarrassing.', '1223tcr'], ['u/ricalamino', 16, '2023-03-26 01:41', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdotdmb/', '0.1 is a good idea.', '1223tcr'], ['u/Hank___Scorpio', 34, '2023-03-26 01:53', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdouxyr/', 'The only wrong number is 0.00000000.', '1223tcr'], ['u/Nazerys', 44, '2023-03-26 03:13', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdoxfv0/', 'There’s no reason 2.1 btc should be a goal. Just buy what you can comfortably afford.', '1223tcr'], ['u/MasOlas619', 13, '2023-03-26 03:26', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdoz33n/', 'It’s good to have goals in life!', '1223tcr'], ['u/Nimefax', 102, '2023-03-26 03:40', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdp19ul/', 'So now being a wholecoiner is not enough? Now we need more than 2?', '1223tcr'], ['u/phamtruax', 101, '2023-03-26 04:18', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdp5wxz/', '21 million to be created:\n1 million retained by satoshi\n1.7 million left to be mined\n1 million Conservative lost\n1 million in the hands of mining companies, other companies and etfs\n2 million owned by coinbase\n1 million owned by other exchanges\n\nTheres basically about 14 million in the wild', '1223tcr'], ['u/Quick-Raise8119', 430, '2023-03-26 04:19', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdp61b1/', 'I’m trying just to get to .10 currently at.07', '1223tcr'], ['u/lux--__--888', 89, '2023-03-26 04:22', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdp6dp4/', 'Good work', '1223tcr'], ['u/Quick-Raise8119', 23, '2023-03-26 04:23', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdp6j7v/', 'Thank you', '1223tcr'], ['u/GodOfOdium', 22, '2023-03-26 04:33', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdp7t6g/', 'LOL', '1223tcr'], ['u/cheese4brains', 58, '2023-03-26 04:44', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdp92z2/', 'I respect anyone that holds any amount of sats with conviction. The trader that moves tens or hundreds of bitcoin means nothing to me. The pleb that holds their stack like life depends on it, now that’s someone I’d share a beer with.', '1223tcr'], ['u/anonidiot88', 140, '2023-03-26 04:44', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdp95bs/', 'My goal is to have more tomorrow than I have today.', '1223tcr'], ['u/scabbymonkey', 68, '2023-03-26 05:06', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdpbp5y/', 'So my conversation goes. Do I want my favorite $19.75 burrito? or do i want 71,499 sats.\nDo i need another 59.00 game or do i want 217,177 sats.\nCan I hold off on a new car till next year and save $600 month or do i want 2,172,132 sats?\n\nThis is how it goes. So Say We All.', '1223tcr'], ['u/dasgreybanana', 32, '2023-03-26 05:59', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdphcwd/', 'Stacking sats is the better than Pokemon. Gotta catch em all', '1223tcr'], ['u/PsychCrypto', 83, '2023-03-26 06:03', 'https://www.reddit.com/r/Bitcoin/comments/1223tcr/why_owning_at_least_21_bitcoins_is_a_good_idea/jdphr4u/', 'You greedy fuck', '1223tcr'], ['u/dubauoo', 29, '202...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['CeFi investment platform, which recently led a $9M Series A investment in Canadian crypto miner, is now allowed to operate as a cryptocurrency service provider in Lithuania SEOUL, South Korea, March 27, 2023 --( BUSINESS WIRE )-- Haru Invest , a leading digital asset management platform, today announced that Haru EU Limited UAB, its EU incorporated subsidiary, has become an authorized Virtual Asset Service Provider (VASP) for its EU operation based in Lithuania. As a VASP authorized business, Haru Invest can now provide crypto exchange and wallet/custody service, opening up a pathway to becoming a fully-fledged cryptocurrency exchange with a fiat gateway. "Haru Invest has been growing stronger than ever, even during the volatile market situation, so we are very keen on crypto regulations," said Hugo Lee, CEO of Haru Invest. "Obtaining a VASP registration is one of many milestones for our company, and it will help build trust in the crypto industry for our members by providing secure and compliant digital asset management services." This VASP authorization officially allows the company to support the Euro currency directly, enabling European Union countries to buy and trade between crypto and Euro seamlessly. As a part of the VASP registration process, Haru Invest has undergone a thorough evaluation of its compliance and risk management procedures, as well as due diligence on its corporate governance and business operations. Lithuania has emerged as a leader in the European crypto industry, known for its crypto-friendly regulatory environment, and is home to growing blockchain businesses. Evaluated as a fintech hub in EU with leading-edge finance infrastructure, Haru Invest aims to expand its business starting in Lithuania. The centralized finance (CeFi) company\'s strong in-house digital asset management team employs high-frequency algorithmic and trading strategies that take advantage of market inefficiencies and gaps to generate profits. Haru Invest has members across over 140 countries and has processed over $2 billion in total transaction volume with zero security breaches, late withdrawals or missed earnings payouts. Story continues About Haru Invest Haru Invest, a subsidiary service brand of Block Crafters, is a successful CeFi digital asset investment platform that built a secure bridge between crypto investment services, decentralized, and traditional finance, with $2 billion in total transaction volume. Haru Invest supports five crypto assets — Bitcoin, Ether, Tether, Ripple and USDC — with a tier of investment strategies, Earn Plus and Earn Explore. The Haru Invest team has over five years\' experience in diverse strategies of crypto fund management, based on a trading model that takes advantage of market inefficiencies to generate stable profits. With users in over 140 countries, Haru Invest is committed to educating and guiding crypto owners at all levels to achieve stable and profitable digital asset investment goals. View source version on businesswire.com: https://www.businesswire.com/news/home/20230326005036/en/ Contacts SHIFT Communications Darren Weiss [email protected]', 'CeFi investment platform, which recently led a $9M Series A investment in Canadian crypto miner, is now allowed to operate as a cryptocurrency service provider in Lithuania SEOUL, South Korea, March 27, 2023 --( BUSINESS WIRE )-- Haru Invest , a leading digital asset management platform, today announced that Haru EU Limited UAB, its EU incorporated subsidiary, has become an authorized Virtual Asset Service Provider (VASP) for its EU operation based in Lithuania. As a VASP authorized business, Haru Invest can now provide crypto exchange and wallet/custody service, opening up a pathway to becoming a fully-fledged cryptocurrency exchange with a fiat gateway. "Haru Invest has been growing stronger than ever, even during the volatile market situation, so we are very keen on crypto regulations," said Hugo Lee, CEO of Haru Invest. "Obtaining a VASP registration is one of many milestones for our company, and it will help build trust in the crypto industry for our members by providing secure and compliant digital asset management services." This VASP authorization officially allows the company to support the Euro currency directly, enabling European Union countries to buy and trade between crypto and Euro seamlessly. As a part of the VASP registration process, Haru Invest has undergone a thorough evaluation of its compliance and risk management procedures, as well as due diligence on its corporate governance and business operations. Lithuania has emerged as a leader in the European crypto industry, known for its crypto-friendly regulatory environment, and is home to growing blockchain businesses. Evaluated as a fintech hub in EU with leading-edge finance infrastructure, Haru Invest aims to expand its business starting in Lithuania. The centralized finance (CeFi) company\'s strong in-house digital asset management team employs high-frequency algorithmic and trading strategies that take advantage of market inefficiencies and gaps to generate profits. Haru Invest has members across over 140 countries and has processed over $2 billion in total transaction volume with zero security breaches, late withdrawals or missed earnings payouts. Story continues About Haru Invest Haru Invest, a subsidiary service brand of Block Crafters, is a successful CeFi digital asset investment platform that built a secure bridge between crypto investment services, decentralized, and traditional finance, with $2 billion in total transaction volume. Haru Invest supports five crypto assets — Bitcoin, Ether, Tether, Ripple and USDC — with a tier of investment strategies, Earn Plus and Earn Explore. The Haru Invest team has over five years\' experience in diverse strategies of crypto fund management, based on a trading model that takes advantage of market inefficiencies to generate stable profits. With users in over 140 countries, Haru Invest is committed to educating and guiding crypto owners at all levels to achieve stable and profitable digital asset investment goals. View source version on businesswire.com: https://www.businesswire.com/news/home/20230326005036/en/ Contacts SHIFT Communications Darren Weiss [email protected]', 'CeFi investment platform, which recently led a $9M Series A investment in Canadian crypto miner, is now allowed to operate as a cryptocurrency service provider in Lithuania SEOUL, South Korea , March 27, 2023 /PRNewswire/ -- Haru Invest, a leading digital asset management platform, today announced that Haru EU Limited UAB, its EU incorporated subsidiary, has become an authorized Virtual Asset Service Provider (VASP) for its EU operation based in Lithuania . As a VASP authorized business, Haru Invest can now provide crypto exchange and wallet/custody service, opening up a pathway to becoming a fully-fledged cryptocurrency exchange with a fiat gateway. Haru Invest logo "Haru Invest has been growing stronger than ever, even during the volatile market situation, so we are very keen on crypto regulations," said Hugo Lee , CEO of Haru Invest. "Obtaining a VASP registration is one of many milestones for our company, and it will help build trust in the crypto industry for our members by providing secure and compliant digital asset management services." This VASP authorization officially allows the company to support the Euro currency directly, enabling European Union countries to buy and trade between crypto and Euro seamlessly. As a part of the VASP registration process, Haru Invest has undergone a thorough evaluation of its compliance and risk management procedures, as well as due diligence on its corporate governance and business operations. Lithuania has emerged as a leader in the European crypto industry, known for its crypto-friendly regulatory environment, and is home to growing blockchain businesses. Evaluated as a fintech hub in EU with leading-edge finance infrastructure, Haru Invest aims to expand its business starting in Lithuania . The centralized finance (CeFi) company\'s strong in-house digital asset management team employs high-frequency algorithmic and trading strategies that take advantage of market inefficiencies and gaps to generate profits. Haru Invest has members across over 140 countries and has processed over $2.27 billion in total transaction volume with zero security breaches, late withdrawals or missed earnings payouts. Story continues About Haru Invest Haru Invest, a subsidiary service brand of Block Crafters, is a successful CeFi digital asset investment platform that built a secure bridge between crypto investment services, decentralized, and traditional finance, with $2.27 billion in total transaction volume. Haru Invest supports five crypto assets — Bitcoin, Ether, Tether, Ripple and USDC — with a tier of investment strategies, Earn Plus and Earn Explore. The Haru Invest team has over five years\' experience in diverse strategies of crypto fund management, based on a trading model that takes advantage of market inefficiencies to generate stable profits. With users in over 140 countries, Haru Invest is committed to educating and guiding crypto owners at all levels to achieve stable and profitable digital asset investment goals. For more information: SHIFT Communications Darren Weiss [email protected] SOURCE Haru Invest', 'CeFi investment platform, which recently led a $9M Series A investment in Canadian crypto miner, is now allowed to operate as a cryptocurrency service provider in Lithuania SEOUL, South Korea , March 27, 2023 /PRNewswire/ -- Haru Invest, a leading digital asset management platform, today announced that Haru EU Limited UAB, its EU incorporated subsidiary, has become an authorized Virtual Asset Service Provider (VASP) for its EU operation based in Lithuania . As a VASP authorized business, Haru Invest can now provide crypto exchange and wallet/custody service, opening up a pathway to becoming
**Last 60 Days of Bitcoin's Closing Prices:**
[]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-27
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $540,271,167,975
- Hash Rate: 344632512.6727259
- Transaction Count: 296557.0
- Unique Addresses: 668827.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.64
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Join the most important conversation in crypto and web3! Secure your seat today Cryptocurrency prices sank Friday as investors grappled with a new threat to the global banking system as well as continuing concerns about U.S. monetary policy. Bitcoin ( BTC ), the largest cryptocurrency by market capitalization, was recently changing hands at about $27,450, down more than 2% over the past 24 hours, according to CoinDesk data. BTC rose as high as about $28,300 earlier in the day and is up more than 16% in March. (CoinDesk Bitcoin Price Chart) But most risk-on markets were reeling for much of the day after the cost of insuring the debt of financial services giant Deutsche Bank soared to its highest point in four years, raising concerns anew about the strength of the banking sector. Shares of Deutsche Bank (DB) plunged 14% one point Friday before closing down 3%. Deutsche Banks problems come just days after UBS agreed to acquire its troubled rival, Credit Suisse for $3.2 billion , and less than three weeks after the failure of U.S.-based Silvergate, Silicon Valley and Signature banks. In a newsletter Friday, analysts for bitcoin mining equipment and hosting provider Blockware Solutions said that BTCs resistance had formed at $28,800, about where it stood during a correction in the summer of 2021. "This would be a logical place to see BTC make another leg lower, however a continued consolidation here would be welcomed," the analysts wrote. "This is a fairly pivotal spot for bulls to defend in order to maintain this current bullish structure." A break above this level would obviously be the most ideal scenario for bulls, but if we are going to pull back, we would like to see BTC hold ~$25,200, they added. Ether ( ETH ), the second-largest cryptocurrency, was recently changing hands at $1,745, off 3% from Thursday, same time. Layer 2 blockchain Optimisms OP token price declined by over 9% to $2.23 from above $2.47 the previous day. The CoinDesk Market Index , which measures overall crypto market performance, was down roughly 2.7%. Story continues Equity markets edged lower Friday opening before closing in the green as investors recovered from at least some of their banking shock. The S&P 500, Dow Jones Industrial Average (DJIA) and tech-heavy Nasdaq finished up 0.5%, 0.4% and 0.3%, respectively. Large banks tend to be interconnected, with shared exposures on syndicated loans, and via a web of repo and other counterparty transactions, Steve Sosnick, chief strategist at brokerage firm Interactive Brokers, wrote in a note Friday about banking contagion. It is logical, though unhelpful, for investors who were burned by one bank to get serious jitters about those that most resemble it, Sosnick wrote. He also noted that credit default swaps can be catastrophic for bondholders because "it impairs the income stream on which the holders depend, adding: As a result, the market value of the bond can fall substantially and precipitously. Meanwhile, crypto investors continued to weigh recent regulatory enforcement issues, including a Securities and Exchange Commission (SEC) warning to Coinbase that the agency is pursuing an enforcement action against the exchange for possible securities violations. No one knows how regulators are going to rule if all tokens are securities, Edward Moya, senior market analyst for foreign exchange market maker Oanda, wrote in a Friday note, adding that Coinbases success is vital for longer-term crypto growth. In the U.S., Coinbase is a critical option for how people are getting started with crypto, he wrote....
- Reddit Posts (Sample): [['u/MoonbaseADA', 'Real Value in Flare is NOT its Price but in the Quantity Earned', 14, '2023-03-27 00:09', 'https://www.reddit.com/r/FlareNetworks/comments/1231ike/real_value_in_flare_is_not_its_price_but_in_the/', "Hey folks, you might want to take a look at MickeyB Fresh latest Youtube video. \n\nHis take is that the real value in Flare is not in its price but in the FTSO delegation and monthly distribution scheme that gives us that ever growing quantity for the next 3 years. What other blockchain gives you rewards every 3.5 days AND a significant monthy distributon based on the size of your stake?\n\nBut it doesn't end there. With our ever growing stake of Flare we can also do yield earning with current Dapps like Flare Finance, Oracle Swap, Pangolin and whatever others may become available.\n\nBut wait theres even more: we will also be getting an additional 2% staking rewards from the upcoming Flare FTSO-Validator mechanism.\n\nAnd finally we will have the F-Asset minting where rwe can use our ever growing Flare as collateral to mint legacy blue-chip cryptos and getting Flare rewards in return.\n\nIf the actual price of Flare does go up because of the next Bitcoin bullrun, than we will have that much more value for ALL the ever-growing Flare we have accrued in the next 3 years.\n\nLet me know your thoughts.", 'https://www.reddit.com/r/FlareNetworks/comments/1231ike/real_value_in_flare_is_not_its_price_but_in_the/', '1231ike', [['u/No_Relationship1450', 13, '2023-03-27 01:14', 'https://www.reddit.com/r/FlareNetworks/comments/1231ike/real_value_in_flare_is_not_its_price_but_in_the/jdsz6o5/', "Mr Fresh is far too invested in his FTSO and possibly other services that is reliant on FLR income to give him too much credit for what he says. He's been a massive shill since the very beginning. \n\nWhilst he's not wrong that price does not equal value, the real value is not rewards and airdrops etc. That's plain stupid. We all expect real value to come when the network can actually pull in real value from investors - and we're just not there yet. What good is flare finance et al if so few people use their services? Those services with their own token on the network which are essentially dropped from thin air are spreading investor capital thin and ultimately a suppressor of flr price as those tokens make an exit from the flare network. \n\nF-assets could be big but of course it caused quite the stir what the foundation did regarding that, so we don't know whether that will arrive or not and how successful it might be is anyone's guess. How big will that market be?\n\nYou've got to remember the defi space has been going on a couple years now and flare still hasn't made it to the party yet. There's other more established platforms that will be competition for flare. Yes, flare is a different system etc etc, but main function is similar though there are unique things it offers.", '1231ike']]], ['u/GaryMcsBaldPatch', 'I absolutely love this game!', 160, '2023-03-27 00:59', 'https://www.reddit.com/r/EscapefromTarkov/comments/1232x6x/i_absolutely_love_this_game/', "Started playing the game properly last Thursday and not since Fallout 3 has a game hooked me like Tarkov. I built a pretty high-spec, and first ever, gaming PC just before Christmas with Tarkov in mind. I played it a bit over Christmas but to be honest, I found it completely overwhelming and pretty brutal.\n\nDecided to give it another crack last week and now I'm absolutely hooked. I'm only at level 5 and have got my ass handed to me plenty but last night and today I finally managed to kill maybe 5 or 6 PMCs (which obviously isn't a lot to most people, I know). However, extracting with these Chad's gear has to be one of the most rewarding things I've done in a video game. \n\nAlso, about an hour ago, just after spending my hard earned first mill on a Scav Junk Box and being flat out broke, I found a bitcoin on the ground by the dummy on the 1st floor of the Repair Shop in Customs, so I'm back up to 400k-ish. I had no idea that these even existed in the game and literally whooped in my office when I saw the price Therapist was offering me...I'm 40 next Saturday 😅\n\nI'm sure the novelty will wear off in time but for now, it's nice to feel kinda excited about a game. Just thought I'd share.", 'https://www.reddit.com/r/EscapefromTarkov/comments/1232x6x/i_absolutely_love_this_game/', '1232x6x', [['u/XenSide', 12, '2023-03-27 01:48', 'https://www.reddit.com/r/EscapefromTarkov/comments/1232x6x/i_absolutely_love_this_game/jdt3ldh/', "The novelty takes a long long time to wear off, you'll enjoy your time for a while, don't worry about it!\n\nI'm glad you enjoy it", '1232x6x'], ['u/MrTankerson', 171, '2023-03-27 02:02', 'https://www.reddit.com/r/EscapefromTarkov/comments/1232x6x/i_absolutely_love_this_game/jdt5f95/', 'Welcome to the grind! \n\nA small tip for you:\n\nDon’t join this sub. Feel free to come by every once in a while and ask questions or search some things, or even share some success stories, but don’t stay subbed, it will make your novelty you are talking about last much longer, trust me.', '1232x6x'], ['u/BeefHammer54', 28, '2023-03-27 02:38', 'https://www.reddit.com/r/EscapefromTarkov/comments/1232x6x/i_absolutely_love_this_game/jdt9vaj/', 'True! This sub is cancer, filled with complainers, and people that don’t play the game!', '1232x6x'], ['u/thing85', 39, '2023-03-27 02:57', 'https://www.reddit.com/r/EscapefromTarkov/comments/1232x6x/i_absolutely_love_this_game/jdtc7m7/', 'Best advice I’ve read here tbh', '1232x6x'], ['u/nlewis4', 10, '2023-03-27 04:42', 'https://www.reddit.com/r/EscapefromTarkov/comments/1232x6x/i_absolutely_love_this_game/jdtoqh2/', 'This subreddit will ruin 99.9% of the fun you are having with EFT. Avoid it at all costs.', '1232x6x'], ['u/robead42', 14, '2023-03-27 09:19', 'https://www.reddit.com/r/EscapefromTarkov/comments/1232x6x/i_absolutely_love_this_game/jdudnua/', 'Hey look there’s one right here!', '1232x6x']]], ['u/dudenuhhuh', 'All my bitcoin was liquidated from my ledger wallet 2 days ago.', 44, '2023-03-27 05:10', 'https://www.reddit.com/r/ledgerwallet/comments/1239fly/all_my_bitcoin_was_liquidated_from_my_ledger/', "Throway because I'm paranoid now. \n\n&#x200B;\n\nI bought a ledger nano s in 2018. I used to store altcoins on it but 2 years ago I switched it all to bitcoin. I wrote the seed phrase down on the piece of paper and never entered it into a computer. The last time I made a transaction with my bitcoin was almost a year ago and I sold half a bitcoin to put a downpayment on my first house. \n\nFastforward to March 23rd at 5:16 pm all my bitcoin was moved from my wallet to another wallet. A transaction that **I did not make.** I understand this point may be almost impossible to prove. The bitcoin is now in this wallet and it hasn't moved during the time of writing this: [https://www.blockchain.com/explorer/addresses/btc/bc1qvy8m6h6pth8sadrllq2rdegu6p47rt08aw29d0](https://www.blockchain.com/explorer/addresses/btc/bc1qvy8m6h6pth8sadrllq2rdegu6p47rt08aw29d0)\n\nI can't think of any other possible scenario other than someone got my passphrase in real life. There are really only 2 people who had access to my phrase IRL; my old roomate whom a shared a liberty safe with or my current girlfriend and she doesn't understand bitcoin **at all.** \n\n&#x200B;\n\n**OR** is there something I'm missing? Was there an update in the bitcoin protocol that combined all my addresses? I don't fucking know. If anyone could offer me some advice I would really appreciate it. I'm gonna go back to laying in the fetal position now and not trusting anyone.", 'https://www.reddit.com/r/ledgerwallet/comments/1239fly/all_my_bitcoin_was_liquidated_from_my_ledger/', '1239fly', [['u/topbtcfan', 167, '2023-03-27 05:15', 'https://www.reddit.com/r/ledgerwallet/comments/1239fly/all_my_bitcoin_was_liquidated_from_my_ledger/jdtsirz/', 'It was your roommate', '1239fly'], ['u/dudenuhhuh', 45, '2023-03-27 05:17', 'https://www.reddit.com/r/ledgerwallet/comments/1239fly/all_my_bitcoin_was_liquidated_from_my_ledger/jdtsr5c/', 'I moved out a year ago. It fucks with my head that he waited a whole year.', '1239fly'], ['u/txhex', 61, '2023-03-27 05:32', 'https://www.reddit.com/r/ledgerwallet/comments/1239fly/all_my_bitcoin_was_liquidated_from_my_ledger/jdtuf2n/', 'Bro, it’s either your roommate or your gf. \n\nThis isn’t a mystery.', '1239fly'], ['u/Dubya_Tea_Efff', 73, '2023-03-27 05:39', 'https://www.reddit.com/r/ledgerwallet/comments/1239fly/all_my_bitcoin_was_liquidated_from_my_ledger/jdtv4jf/', 'Hardware wallets are no good if you’re just going to let people have access to the keys.', '1239fly'], ['u/Flaky-Wedding2455', 86, '2023-03-27 05:42', 'https://www.reddit.com/r/ledgerwallet/comments/1239fly/all_my_bitcoin_was_liquidated_from_my_ledger/jdtvfg9/', 'He maybe copied the seed in case, but wasn’t planning on stealing your bitcoin unless he had to for some reason. Perhaps he fell on hard times. The other option is he waited in hopes you would not suspect him as he would be the obvious choice if it happened the day after he moved out or something.', '1239fly'], ['u/dudenuhhuh', 13, '2023-03-27 05:44', 'https://www.reddit.com/r/ledgerwallet/comments/1239fly/all_my_bitcoin_was_liquidated_from_my_ledger/jdtvofk/', 'I was hoping there was another scenario with bitcoin technically that someone might have known. But your comment helps too. Thanks.', '1239fly'], ['u/Bkokane', 79, '2023-03-27 05:46', 'https://www.reddit.com/r/ledgerwallet/comments/1239fly/all_my_bitcoin_was_liquidated_from_my_ledger/jdtvw3g/', 'The 3rd option is he actually compromised the seed to some other hacker, by taking a photo of it or something, and didn’t actually steal it himself.', '1239fly'], ['u/bayareaburgerlover', 13, '2023-03-27 05:53', 'https://www.reddit.com/r/ledgerwallet/comments/1239fly/all_my_bitcoin_was_liquidated_from_my_ledger/jdtwinu/', 'it could be your current g...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
| |
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today In a blog post Monday, Binance CEO Changpeng Zhao said that a lawsuit filed earlier in the day contained \x93an incomplete recitation of facts.\x94 \x93We do not agree with the characterization of many of the issues alleged in the complaint,\x94 Zhao said, also calling the complaint \x93unexpected and disappointing.\x94 The lawsuit , filed in the U.S. District Court for the Northern District of Illinois, alleges that Binance operated a derivatives trading operation in the U.S., offering trades for cryptocurrencies including bitcoin (BTC), ether (ETH), litecoin (LTC), tether (USDT) and Binance USD (BUSD), which the suit referred to as commodities. The suit also alleges that the company, under Zhao\x92s leadership, directed its employees to spoof their locations through the use of virtual private networks. Zhao touted the exchange giant\x92s compliance technology, including its know-your-customer program. He wrote that the exchange had 750 people in its compliance teams, \x93many with prior law enforcement and regulatory agency backgrounds,\x94 and noted that the company had 16 licenses and registrations worldwide. According to the CFTC, the exchange, which has a U.S. affiliate, Binance.US , created a system to hide its true reach and operations. In a press release , CFTC Chief Counsel Gretchen Lowe called Binance\x92s actions \x93willful evasion of U.S. law,\x94 pointing to internal chats and emails. Moreover, the suit alleged, Binance directed customers in the U.S. to use a variety of methods to evade restrictions on U.S-based customers. \x93Binance has instructed U.S. customers to evade such controls by using [virtual privacy networks] to conceal their true location,\x94 the suit alleges. In his blog post, Zhao highlighted Binance\x92s 90-day, no-day-trading policy, writing that employees \x93are not allowed to sell a coin within 90 days of\x94 their most recent purchases, or the reverse. \x93This is to prevent any employees from actively trading. We also prohibit our employees from trading in Futures,\x94 Zhao wrote. In listing the CEO as a defendant, the CFTC alleges that Zhao was the \x93direct or indirect owner of entities that have engaged in proprietary trading activity on the Binance platform,\x94 and was likewise the \x93direct or indirect owner of approximately 300 separate Binance accounts\x94 that engaged in prop trading on the Binance trading platform. Zhao wrote that he has two accounts at Binance, one for his Binance Card and the other for his crypto holdings. \x93I eat our own dog food and store my crypto on Binance.com ,\x94 he wrote, adding that he occasionally converted crypto to pay \x93for personal expenses or for the Card.\x94', 'Join the most important conversation in crypto and web3! Secure your seat today\nIna blog postMonday, Binance CEO Changpeng Zhao said that a lawsuit filed earlier in the day contained “an incomplete recitation of facts.”\n“We do not agree with the characterization of many of the issues alleged in the complaint,” Zhao said, also calling the complaint “unexpected and disappointing.”\nThe lawsuit, filed in the U.S. District Court for the Northern District of Illinois, alleges that Binance operated a derivatives trading operation in the U.S., offering trades for cryptocurrencies including bitcoin (BTC), ether (ETH), litecoin (LTC), tether (USDT) and Binance USD (BUSD), which the suit referred to as commodities. The suitalso allegesthat the company, under Zhao’s leadership, directed its employees to spoof their locations through the use of virtual private networks.\nZhao touted the exchange giant’s compliance technology, including its know-your-customer program.\nHe wrote that the exchange had 750 people in its compliance teams, “many with prior law enforcement and regulatory agency backgrounds,” and noted that the company had 16 licenses and registrations worldwide.\nAccording to the CFTC, the exchange, which has a U.S. affiliate,Binance.US, created a system to hide its true reach and operations.\nIn a press release, CFTC Chief Counsel Gretchen Lowe called Binance’s actions “willful evasion of U.S. law,” pointing to internal chats and emails.\nMoreover, the suit alleged, Binance directed customers in the U.S. to use a variety of methods to evade restrictions on U.S-based customers. “Binance has instructed U.S. customers to evade such controls by using [virtual privacy networks] to conceal their true location,” the suit alleges.\nIn his blog post, Zhao highlighted Binance’s 90-day, no-day-trading policy, writing that employees “are not allowed to sell a coin within 90 days of” their most recent purchases, or the reverse. “This is to prevent any employees from actively trading. We also prohibit our employees from trading in Futures,” Zhao wrote.\nIn listing the CEO as a defendant, the CFTC alleges that Zhao was the “direct or indirect owner of entities that have engaged in proprietary trading activity on the Binance platform,” and was likewise the “direct or indirect owner of approximately 300 separate Binance accounts” that engaged in prop trading on the Binance trading platform.\nZhao wrote that he has two accounts at Binance, one for his Binance Card and the other for his crypto holdings. “I eat our own dog food and store my crypto onBinance.com,” he wrote, adding that he occasionally converted crypto to pay “for personal expenses or for the Card.”', 'The business and legal worlds are filled with complex contracts and documents that must be carefully read to ensure they are understood, comply with a litany of laws and rules, and are properly filed and updated. Tracking legal cases and findings is a full-time job. Some of these documents can be hundreds of pages long, and take hours to review. Mayo Oshin, an artificial intelligence engineer in the UK, wants to change this using AI. Oshin’s latest project, dubbed Warren Buffett, is aimed at the financial sector and documents. I built a GPT-4 \'Warren Buffett\' financial analyst to \'chat\' with and analyze multiple PDF files (~1000 pages) across @elonmusk \'s Tesla 10-k annual reports (2020-2022) #gpt4 #openai #investing #stocks #finance pic.twitter.com/AX75f28mBA — Mayo (@mayowaoshin) March 27, 2023 Oshin says he named the bot after Buffett because it was designed to analyze financial documents in the style of the famed value investor. Elon Musk Weighs in After Warren Buffett Says He Wouldn\'t Pay $25 for Every Bitcoin Based in London, England, Oshin contributes to an open-source framework called LangChain that provides various tools and resources to facilitate the development of AI applications. FYI this was powered by @LangChainAI , @pinecone and @OpenAI — Mayo (@mayowaoshin) March 27, 2023 “A trend among companies is to incorporate the concept of retrieval in their AI systems,” Oshin told Decrypt in an interview. Retrieval refers to the ability to “chat with data,” and this feature, Mayo added, has become a crucial need for many businesses. As someone who has been experimenting with retrieval capabilities for some time, Oshin says he recognized a growing demand for practical examples of how the technology could be applied to different types of documents and data. Story continues “There have been many complaints about how long it takes to read annual reports,” he said. “For example, investors in Tesla may want to make sense of current risk factors or how management is performing, but the annual reports can be hundreds of pages long.” The project’s goal is to show how AI can assist in analyzing large and complex documents, making it easier and faster to extract relevant information using retrieval capabilities that let users converse with data and receive meaningful insights, which hopefully leads to better decision-making. Institutional Traders Shifting Attention from Blockchain to AI: JP Morgan “You can kind of think of it as retrieving relevant sections of your document, as opposed to having to read the entire document, but it’s doing it based on natural language,” Oshin said. As he explained, the idea behind the chatbot was to demonstrate that the bot is capable of more than just one-directional interactions, which have been a focus in discussions surrounding AI. “Typically, this involves using [ChatGPT] to perform a specific task on a single PDF file or piece of information,” he said. “However, I wanted to highlight that the demo can perform analysis over time using a time series approach.” One example is the analysis of cash flow performance over several years to reveal trends. Tutorial Youtube Video: https://t.co/Ocu3tVLKLS Github repo (please note this the original template used for the demo adapted for this usecase): https://t.co/DZ0sMKZpx8 My visual diagram of the pdf chatbot architecture below... pic.twitter.com/VPjMZUDICv — Mayo (@mayowaoshin) March 27, 2023 “Many people believe that AI is expensive, but in reality, it can be cost-effective,” Oshin said, adding that he believes the reason the technology has gone viral is that people are both excited about and scared of what AI means for knowledge work. He acknowledges that it is a concern that’s driving some of the interest and discussion around AI and its impact on the workforce. “What\'s scary is the people working on AI research, they themselves don\'t even know what\'s capable of,” Oshin added. “When you\'re dealing with something that is beginning to think for itself, that\'s a gray area." — View comments', 'The business and legal worlds are filled with complex contracts and documents that must be carefully read to ensure they are understood, comply with a litany of laws and rules, and are properly filed and updated. Tracking legal cases and findings is a full-time job.\nSome of these documents can be hundreds of pages long, and take hours to review. Mayo Oshin, an artificial intelligence engineer in the UK, wants to change this using AI. Oshin’s latest project, dubbe
**Last 60 Days of Bitcoin's Closing Prices:**
[]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-28
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $519,552,567,750
- Hash Rate: 312032139.85233283
- Transaction Count: 316281.0
- Unique Addresses: 684623.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.59
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Listen to the CoinMarketRecap podcast onApple Podcasts,SpotifyandGoogle Podcasts
FTX's new management has found assets worth less than 7% of what the bankrupt exchange owes its customers.
In a preliminary analysis prepared for the court, FTX has been able to locate just $694 million worth of "Category A" liquid assets like cash, stablecoins and Bitcoin. It owes customers $10.54 billion.
Which is to say, FTX is short $9.47 billion. It noted:
Other FTX-related companies, most notably Bankman-Fried's private trading firm Alameda Research, owe $13 billion.
Adding in Category B assets of more questionable liquidity and value in the amount of $1.46 billion, the company is about $8.7 billion short.
FTX.US has $190 million in Category A assets and owes $335 million — a shortfall of $116 million. It has no Category B assets.
Since he resigned as CEO, Bankman-Fried has stated a number of times that FTX.US should be about $350 million in the black.
Last week, prosecutorsadded more chargesagainst him, bringing the total number Bankman-Fried is facing to 12.
On Feb. 28, FTX engineering head Nishad Singh became the third top FTX/Alameda executive toplead guilty to fraudcharges and agree to testify against Bankman-Fried. Co-founder Gary Wang and Alameda CEO Caroline Ellison havealready pleaded guilty.
Along with everything else, the immediate post-bankruptcy hack saw another $293 million drained from FTX and $139 million from FTX.US, the report noted.
"It has taken a huge effort to get this far," said John Ray III, the CEO and chief restructuring officer of the FTX Debtors in a statement. He added:...
- Reddit Posts (Sample): [['u/maurinet79', 'The war on crypto is good for crypto?', 21, '2023-03-28 00:21', 'https://www.reddit.com/r/CryptoCurrency/comments/1242v6r/the_war_on_crypto_is_good_for_crypto/', 'The "war on crypto" seems more like a war on those who want to profit unethically with crypto rather than against crypto itself. While the discussion continues of whether it\'s a security/derivative/currency/younameit, the actions that reasonable governments (not talking about China) have taken haven\'t really been against crypto itself but against those manipulating the system in order to obtain gains from crypto related activities. It has been known for a while that Binance \\[and others\\] trades against it\'s own customers and nothing could be done about it, well, now something is being done. Yes, the price of Bitcoin was negatively affected immediately after this occurred, but as we all hope and \\[kind of\\] know the price will bounce back, and then it will be "safer" to trade in those platforms. The war on crypto helps it evolve, it makes it better, safer and easier for others to get on board eventually... as long as it\'s an "ethical war" from the part of the governing bodies, which also tax it btw. It also must be said that if Bitcoin could be easily destroyed it wouldn\'t exist already, that\'s why smart governments will make the transition sooner or later, it\'s inevitable. The current war on crypto seems to be creating the rules of the game as we go, which is a necessary part of the crypto evolution process, I welcome it... so far.', 'https://www.reddit.com/r/CryptoCurrency/comments/1242v6r/the_war_on_crypto_is_good_for_crypto/', '1242v6r', [['u/unitys2011', 13, '2023-03-28 00:23', 'https://www.reddit.com/r/CryptoCurrency/comments/1242v6r/the_war_on_crypto_is_good_for_crypto/jdxhwfd/', 'They will lose the war against Crypto', '1242v6r']]], ['u/[deleted]', 'If you had 100 BTCs, how many wallets would you have?', 97, '2023-03-28 00:24', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/', "You wouldn't own only one wallet to store all of 100 BTCs. How many wallets would you own?", 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/', '1242ymn', [['u/Relai_Alex', 83, '2023-03-28 00:33', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdxj9r7/', '16 wallets, 6.15 bitcoin in each.', '1242ymn'], ['u/bubeagle', 25, '2023-03-28 01:01', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdxn4i1/', '100 wallets. 1 for each. You are that rich anyway.', '1242ymn'], ['u/[deleted]', 23, '2023-03-28 01:02', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdxn8sl/', 'Why 6.15?', '1242ymn'], ['u/ScottPowellM', 368, '2023-03-28 01:24', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdxqbk1/', 'FDIC only insures wallets up to 6.15', '1242ymn'], ['u/TheDialectic_', 42, '2023-03-28 02:10', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdxwif5/', 'Lol', '1242ymn'], ['u/vnielz', 19, '2023-03-28 02:25', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdxyhhe/', '1', '1242ymn'], ['u/mperklin', 38, '2023-03-28 03:23', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdy6dme/', 'Why *wouldn’t*you control all 100 BTC with one key?\n\nWhen planning the security of a system, you have to make some trade-offs to increase others. The holy trinity of information security is the CIA triangle:\nConfidentiality, Integrity, Availability. \n\nIf you are storing 100 different keys in 100 places (to increase confidentiality or availability), surely that increases the chance of *one* of those keys becoming compromised (confidentiality is sacrificed)\n\nIf you are storing 1 key, you can focus on maximizing confidentiality.\n\nThere is nothing wrong with storing 10,000 BTC on a single key. The concern is obviously how to protect that key.', '1242ymn'], ['u/AxionDemo', 48, '2023-03-28 03:39', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdy8fd7/', '5 wallets with 1 BTC.\n\n3 wallets with 5 BTC.\n\n3 wallets with 10 btc.\n\n1 wallet with 50 btc for long-term cold storage.', '1242ymn'], ['u/WorkerBee-3', 29, '2023-03-28 03:42', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdy8tt6/', 'it was just a joke', '1242ymn'], ['u/karmassacre', 12, '2023-03-28 03:48', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdy9oar/', 'Not funny enough apparently lol', '1242ymn'], ['u/BTCMachineElf', 13, '2023-03-28 04:33', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdyg4h4/', 'A hot wallet with a few months worth of funds\n\nA warm wallet with a few years worth of funds\n\nA cool wallet with a lifetime of funds\n\nA cold wallet with generations worth of funds.', '1242ymn'], ['u/noyrb1', 66, '2023-03-28 05:05', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdyk2yd/', 'None lost them all in a boating accident', '1242ymn'], ['u/timbulance', 18, '2023-03-28 05:25', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdymfer/', 'Anything more than 6.15 and FedNow won’t insure you.', '1242ymn'], ['u/zalmee', 10, '2023-03-28 05:34', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdynhbm/', 'That 1 wallet with 50 bitcoins will keep me up at night haha.. best I can think of is 20 wallets with 5 btc each', '1242ymn'], ['u/disruptioncoin', 15, '2023-03-28 05:35', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdynibs/', "Seems like a lot of seed phrases to keep track of. I think I'd just have two wallets. One with 10 BTC to sell/spend in the short-ish term to buy a house and start a business. The rest I'd hodl long term until it's REALLY valuable, then eventually I'd dip in, take like 10 more out and start a charity organization or something, maybe get political and lobby to change drug laws or something. Probably just pass it on to my kids if I ever decide to have some.\n\nI once had 21 bitcoin tucked away, when it was bouncing around between 1-2k. Hustled my ass off to get to that point, then I decided to chill out a bit. Wanted to never spend it, but ended up helping my mom out when she lost her job and her unemployment ran out, finished my degree, and I just didn't have a real job for a while because I thought my degree would help me get a nice job eventually but I was wrong lol. Ended up finally settling for what I could get after I ran out of money. But now I'm working as many hours as I can get to stack some sats back up.", '1242ymn'], ['u/birdman332', 15, '2023-03-28 05:43', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdyoehq/', "Once you get to 2+ wallets you're just adding security risks for yourself", '1242ymn'], ['u/AppropriateStatus145', 10, '2023-03-28 05:57', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdypyx7/', 'I will prepare a husband wallets , if I see a boy I like , I can generously give him a wallet directly.', '1242ymn'], ['u/Tradestockforstonk', 18, '2023-03-28 06:20', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdysd2l/', 'Rule #1 not your keys, not your coin\n\nRule #2 bitcoin is never safe on boats', '1242ymn'], ['u/HighSolstice', 10, '2023-03-28 08:23', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdz33hn/', 'Lol, that looks like boobs.', '1242ymn'], ['u/HighSolstice', 16, '2023-03-28 08:25', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdz38sl/', 'If Reddit didn’t take away my free awards I would give you one for that comment.', '1242ymn'], ['u/HighSolstice', 15, '2023-03-28 08:46', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdz4r58/', 'I already knew that but did you see the boobs?', '1242ymn'], ['u/Y0rin', 12, '2023-03-28 11:26', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdzfnxf/', 'thats not how trezors work. if you want 100 email addresses, do you need 100 phones?', '1242ymn'], ['u/lilicucu', 18, '2023-03-28 11:29', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdzfwv2/', 'What are you talking about? As long as your seed phrase is safe, you can restore to any hardware and software wallet.', '1242ymn'], ['u/zesushv', 14, '2023-03-28 13:11', 'https://www.reddit.com/r/Bitcoin/comments/1242ymn/if_you_had_100_btcs_how_many_wallets_would_you/jdzno1c/', 'Satoshi insures 21million btc.', '1242ymn']]], ['u/bawdyzebra', '[WTS] 10oz Silver bars close to spot.', 11, '2023-03-28 00:42', 'https://www.reddit.com/r/Pmsforsale/comments/1243iq2/wts_10oz_silver_bars_close_to_spot/', '[edit] SOLD!\n\nhttps://imgur.com/a/SjfLDy1\n\n10oz Trident Silver (2 bars) $245 each\n\n$8 SFRB shipping CONUS\n\nWill ship first to established buyers.\n\nPayment: Zelle / no notes.\n\n10% discount if paid in BTC/LTC/XMR.\n\nReply to this post before messaging (PM pref).', 'https://www.reddit.com/r/Pmsforsale/comments/1243iq2/wts_10oz_silver_bars_close_to_spot/', '1243iq2', [['u/GioDeano', 25, '2023-03-28 01:20', 'https://www.reddit.com/r/Pmsforsale/comments/1243iq2/wts_10oz_silver_bars_close_to_spot/jdxppzc/', 'Y’all are cracking me up w...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Ether is outperforming bitcoin as the CFTC reiterates ether should be under its purview, not the SEC\'s. Insights: The CFTC\'s lawsuit against Binance is part of the increasing regulator scrutiny that crypto is undergoing. Will the suit – and other enforcement actions – ultimately help Asia\'s crypto narrative? Prices CoinDesk Market Index (CMI) 1,185 +22.7 ▲ 2.0% Bitcoin (BTC) $27,302 +435.7 ▲ 1.6% Ethereum (ETH) $1,778 +73.6 ▲ 4.3% S&P 500 3,971.27 −6.3 ▼ 0.2% Gold $1,972 +20.0 ▲ 1.0% Nikkei 225 27,518.25 +41.4 ▲ 0.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Ether Up on CFTC Remarks, Bitcoin Flat as Market Digests Binance Suit and Awaits Economic Data Good morning, Asia. This week is proving to be a tumultuous one for news. First, Binance was sued by the Commodity Futures Trading Commission over alleged regulatory violations regarding its derivatives products. Next, Sam Bankman-Fried faces another indictment , this one regarding allegations of bribing officials in China, making some wonder if this will damp Beijing’s mood toward the asset class. Finally, to bring it back to the CFTC, Chair Rostin Behnam reiterated Tuesday during a hearing that he believes ether is a commodity. How’s crypto reacting to this? Bitcoin (BTV) is trading flat, up 1.6% in the last 24 hours to $27,302. Ether (ETH) is up just under 4.3% to $1,778. Given that the CFTC chief reiterated once again, before the U.S. Congress, that the regulator believes ether is a commodity – and not a security as the Securities and Exchange Commission would think – tokens in its orbit are also well in the green. Staking provider Lido saw its token rise by over 12% to $45.81, and Lido staked ether is outperforming ether at on-day gains of 6.5%. Meanwhile, on-chain derivatives exchange GMX’s token is up by 8.7%, perhaps because traders are looking for derivatives infrastructure they believe is beyond the reach of the CFTC (though decentralization, historically, hasn’t been a great defense). Story continues Tokens associated with layer 1 and layer 2 platforms are also in the green, with SOL at 3.5%, DOT at 3.6%, ADA at 6.6% and MATIC at 4.3%. Biggest Gainers Asset Ticker Returns DACS Sector XRP XRP +10.4% Currency Stellar XLM +8.5% Smart Contract Platform Cardano ADA +6.9% Smart Contract Platform Biggest Losers There are no losers in CoinDesk 20 today. Insights The CFTC Cracks Down. Will Asia Benefit? The U.S. Commodity Futures Trading Commission\'s (CFTC) Monday action against Binance was a surprise to some and an annoyance to many. Sure, traders who use Binance, like the U.S.-based prop shops with offshore accounts, holders of its BNB token, are some of the people who are annoyed. But more importantly, it\'s those who want the U.S. to develop a comprehensive regulatory framework for crypto and stop ruling by enforcement. In 2020, calendar years ago but centuries in crypto time, U.S. Rep. Tom Emmer (R-Minn.) introduced the Securities Clarity Act , which sought to create a new legal category called “investment contract asset.” “This new term would refer to any asset sold as part of an investment contract that would not be considered a ‘security’ but for its sale as part of an investment contract,” was how it was described in a September 2020 statement on Emmer’s website . Effectively, it was a framework for crypto similar to what the Monetary Authority of Singapore has developed, or what authorities in Hong Kong and Taiwan are also working on: rules made in the 2020s for an asset class of the internet era, not relying on an interpretation of a court case from 1946 . “The fact remains that digital assets like cryptocurrencies do not fit neatly into the [Securities and Exchange Commission’s] regulatory framework,” Bo Howell, an Ohio-based securities lawyer, wrote in a January 2022 post explaining the contested authority over crypto . Instead, we have regulation by enforcement. Attempts to dictate things via court rulings, not a rulebook to which all parties have access. In March, Coinbase asked for just that: rule-making. As part of a legal proceeding concerning an ex-Coinbase staff member accused of insider trading, the SEC is attempting to establish a comprehensive definition for securities that encompasses the majority of cryptocurrency tokens, by pursuing securities fraud allegations against the former employee. “The SEC’s suit rests on the erroneous premise that the seven Coinbase-listed assets identified in its complaint are ‘securities.’ But Coinbase does not list any securities on its platform,” an amicus brief Coinbase filed as part of the case in March reads. “The SEC posits that the digital assets qualify as securities because they are “investment contract[s], but the assets lack both essential attributes of that statutory term: They are neither contracts nor investments.” Something similar happened in December . The SEC made the case that FTX\'s exchange token, FTT, is a security as part of a complaint against FTX co-founder Gary Wang and former Alameda Research CEO Caroline Ellison. The duo are pleading guilty and looking to cooperate with authorities, meaning the SEC\'s allegations won\'t be tested in the adversarial environment of a courtroom. The SEC hasn’t given Coinbase – or any other exchange – anything close to the rulebook they\'ve asked for. There’s no official code to read; lawyers instead have to interpret court filings and read the tea leaves on possible interpretations. “This ongoing and ever-changing regulatory environment hinders well-designed compliance and regulatory plans,” Braden Perry, a former attorney for the CFTC, said in a 2020 interview . His analysis still holds true today. “The last thing any industry wants is what the SEC and CFTC have done: regulation by enforcement, in which agencies decide that some practices should have been illegal, [and then] go back and prosecute the people who were doing it before,” he continued. In a January 2023 interview with CoinDesk, Rep. Emmer said that more legislation is coming. The right kind, hopefully, and not the stuff that drives an industry offshore. “We’re going to focus obviously on legislation, and I think it’s going to be to place key guardrails around the industry,” Emmer said. “Market structure guardrails. Stablecoin guardrails. Things like that.” Right now, this seems bullish for Asia. China’s state-owned banks are soliciting crypto business in Hong Kong, something that would be unheard of or even considered absurd for its sheer unlikeliness if mentioned years ago. But this is crypto. Stuff moves fast. Can America keep up? Maybe it\'s not a bad thing if the industry moves to Asia. Important events Metaverse Fashion Week (Decentraland) 8:30 a.m. HKT/SGT(00:30 UTC) Australia Monthly Consumer Price Index (YoY/Feb) 10:00 p.m. HKT/SGT(14:00 UTC) United States Pending Home Sales (MoM/Feb) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Former CFTC Chair Massad Reacts to CFTC Case Against Binance; Bitcoin Drops The U.S. Commodity Futures Trading Commission (CFTC) sued crypto exchange Binance and founder Changpeng Zhao on Monday on allegations the company knowingly offered unregistered crypto derivatives products in the U.S. against federal law. Timothy Massad, former CFTC chair and Harvard Kennedy School research fellow and digital assets policy project director, weighed in. This came as bitcoin sank below $27,000 following news of the lawsuit, dropping to its lowest level since March 17. DFD Partners President Bilal Little shared his crypto markets analysis. Headlines Ethereum Staking Provider Lido to Incorporate NFTs Into Unstaking Process : Users will receive a transferable non-fungible token representing their request withdrawal for their staked ether. Fear and Greed Index Pulls Back After Hitting \'Greediest\' Level Since Late 2021 : The gauge spent most of 2022 mired in "fear" territory. Binance\'s BUSD Stablecoin Suffers $500M Outflows After CFTC Lawsuit : Some analysts say the exchange\'s recent move to include other stablecoins in its zero-fee trading program could have contributed to lessening dependence on BUSD. Newly Formed ZeroSync Association Brings Zero-Knowledge Proofs to Bitcoin : The association has received sponsorship from crypto investment firm Geometry Research and StarkWare Industries, the software company behind layer 2 Ethereum zero-knowledge rollup scaling system StarkNet. Paradigm Leads $7M Round for Optimism-Based Startup Conduit : The newly announced startup will help developers launch Optimism-based applications.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Ether is outperforming bitcoin as the CFTC reiterates ether should be under its purview, not the SEC\'s.\nInsights:The CFTC\'s lawsuit against Binance is part of the increasing regulator scrutiny that crypto is undergoing. Will the suit – and other enforcement actions – ultimately help Asia\'s crypto narrative?\nCoinDesk Market Index (CMI)\n1,185\n+22.7▲2.0%\nBitcoin (BTC)\n$27,302\n+435.7▲1.6%\nEthereum (ETH)\n$1,778\n+73.6▲4.3%\nS&P 500\n3,971.27\n−6.3▼0.2%\nGold\n$1,972\n+20.0▲1.0%\nNikkei 225\n27,518.25\n+41.4▲0.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nEther Up on CFTC Remarks, Bitcoin Flat as Market Digests Binance Suit and Awaits Economic Data\nGood morning, Asia.\nThis week is proving to be a tumultuous one for news.\nFirst,Binance was sued by the Commodity Futures Trading Commissionover alleged regulatory violations regarding its derivatives products. Next, Sam Bankman-Friedfaces another indictment, this one regarding allegations of bribing officials in China, making some wonder if this willdamp Beijing’s moodtoward the asset class. Finally, to bring it back to the CFTC,
**Last 60 Days of Bitcoin's Closing Prices:**
[]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-03-29
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $549,498,242,812
- Hash Rate: 342303914.6141264
- Transaction Count: 334637.0
- Unique Addresses: 727221.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.57
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Join the most important conversation in crypto and web3! Secure your seat today
Bitcoin miner Stronghold Digital's (SDIG) latest debt restructuring deal will allow the postponement of principal repayments on $54.9 million of debt through June 2024.
Under a cash squeeze as the bitcoin bear market combines with spiking energy prices, Stronghold has struck dealssince last summerwith its lenders to reduce immediate debt obligations as it seeks to avoid the Chapter 11 bankruptcy fate of peers Compute North and Core Scientific (CORZ).
This latest agreement, with WhiteHawk Finance on $55 million of debt, releases the miner of all amortization payments until July 2024, which otherwise would have required the payment of $1.6 million per month (totaling $29 million through June 2024), according to a Tuesdayfiling with the U.S. Securities and Exchange Commission.
In addition, the company won't have to make any payments at all until June. Beginning then, Stronghold will make payments based on a monthly cash sweep calculated as 50% of the company's average daily cash balance for each month in excess of $7.5 million, the filing said.
The new credit agreement also reduces Stronghold's minimum liquidity covenants until the end of 2024 and allows the miner to pay for its interest in kind for up to six months, as long as its average daily cash balance for the respective month is less than $5 million.
Stronghold also signed a two-year deal with miner hosting company Foundry for 4,500 miners, totaling approximately 420 petahash/second in computing power with an average efficiency of 35 joules/terahash. The hosting fee will be the realized net cost of power at Stronghold’s Panther Creek Plant plus 10%. Foundry and CoinDesk share the same parent company, Digital Currency Group.
Shares are higher by 5.4% in premarket trading to 59 cents....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
| |
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Scanning and analyzing a blockchain can be challenging, particularly when sorting through tens of thousands of blockchain addresses and millions of transactions. It\'s tedious and time-consuming and the story being told is often elusive. The Austin-based startup Blocktrace hopes that artificial intelligence can make the blockchain analysis process faster, and uncovering trends and anomolies easier.\nLaunched in 2018 by software engineer Shaun MaGruder, whose background includes work as the head of training at blockchain forensics firm, Chainalysis, Blocktrace is an AI-fortified blockchain forensic and analytical service provider. Using a chatbot they named Robby the Robot—after the iconic character from the sci-fi film "Forbidden Planet"—Blocktrace developed their AI to interact with data on the Bitcoin blockchain.\nBlocktrace CEO MaGruder toldDecryptin an interview that the company decided to start the Robby project with Bitcoin because of its large sample size and history.\n"Bitcoin is a great project to start with and will likely always be around, just like Ethereum," MaGruder said. "It\'s considered the OG because it was the first and has a large pool of user base addresses with a lot of activity."\nAccording to MaGruder, a copy of the Bitcoin blockchain data is stored in Blocktrace\'s database—already a significant technical feat. Enhanced with an AI layer, their application allows users to ask natural language questions like a virtual assistant.\nA natural language model is a type of artificial intelligence designed to understand and process human language, similar to how humans do.\n"Users can quickly ask for specific information, such as transactions between dates and amounts," MaGruder said. "This saves time compared to the manual process, which could take one to two hours using a blockchain explorer."\nMaGruder explains that Blocktrace aims to enable investigators and users to use the technology developed by OpenAI to quickly find Bitcoin addresses and identify transactions that occurred on the network with greater accuracy and detail.\n"Instead of requiring a data engineer or data scientist to translate natural language questions into SQL queries, Robbie has already been trained on the data model and can quickly fetch results for the user," MaGruder said, calling the process more efficient and one that does not require continuous training for new data scientists.\nWhile still in beta, Robby is expected to be made available for the public to use later this year. Before rolling Robby out to the public, however, MaGruder said the chatbot would first be given to a closed group to test.\n"We want to make sure that Robbie is stable and that we don\'t fall on our faces when we release it to the public," MaGruder said. "We want to make sure that the questions that the public is going to ask are questions we\'ve already asked Robbie."\n"As expected, people will compare Robbie to a traditional blockchain explorer and determine whether Robbie is correct or incorrect," MaGruder said. "To gather feedback, we will implement a thumbs up and thumbs down button. A thumbs up will serve as positive reinforcement, while a thumbs down will indicate areas needing improvement."\nBlocktrace is just the latest Web3 company looking to leverage the power of artificial intelligence for blockchain analysis. Others using the technology include Elliptic, Chainalysis, CipherTrace, and Nansen.\n"It\'s something we\'re looking at very deeply," Andrew Thurman, a Nansen engineer, toldDecryptat ETH Denver. "You can use things like AI analysis on the blockchain to see if [wallets] are doing the same things at the same time." Thurman added that even if there are no explicit connections, you can infer within a good level of certainty that all of those wallets are tied to the same entity.\n"Algorithmic labeling, and AI labeling, I think, have a pretty significant future in blockchain analysis," Thurman said.', 'Scanning and analyzing a blockchain can be challenging, particularly when sorting through tens of thousands of blockchain addresses and millions of transactions. It\'s tedious and time-consuming and the story being told is often elusive. The Austin-based startup Blocktrace hopes that artificial intelligence can make the blockchain analysis process faster, and uncovering trends and anomolies easier. Launched in 2018 by software engineer Shaun MaGruder, whose background includes work as the head of training at blockchain forensics firm, Chainalysis, Blocktrace is an AI-fortified blockchain forensic and analytical service provider. Using a chatbot they named Robby the Robot—after the iconic character from the sci-fi film "Forbidden Planet"—Blocktrace developed their AI to interact with data on the Bitcoin blockchain. Blocktrace CEO MaGruder told Decrypt in an interview that the company decided to start the Robby project with Bitcoin because of its large sample size and history. ChatGPT + Bitcoin, please meet Robby the Robot. 🤖 As a language model equipped with advanced natural language processing technology, Robby can effectively interpret complex user questions and provide insightful answers. pic.twitter.com/W2OHChBoIc — BLOCKTRACE (@blocktrace) March 28, 2023 "Bitcoin is a great project to start with and will likely always be around, just like Ethereum," MaGruder said. "It\'s considered the OG because it was the first and has a large pool of user base addresses with a lot of activity." According to MaGruder, a copy of the Bitcoin blockchain data is stored in Blocktrace\'s database—already a significant technical feat. Enhanced with an AI layer, their application allows users to ask natural language questions like a virtual assistant. Story continues A natural language model is a type of artificial intelligence designed to understand and process human language, similar to how humans do. "Users can quickly ask for specific information, such as transactions between dates and amounts," MaGruder said. "This saves time compared to the manual process, which could take one to two hours using a blockchain explorer." MaGruder explains that Blocktrace aims to enable investigators and users to use the technology developed by OpenAI to quickly find Bitcoin addresses and identify transactions that occurred on the network with greater accuracy and detail. "Instead of requiring a data engineer or data scientist to translate natural language questions into SQL queries, Robbie has already been trained on the data model and can quickly fetch results for the user," MaGruder said, calling the process more efficient and one that does not require continuous training for new data scientists. While still in beta, Robby is expected to be made available for the public to use later this year. Before rolling Robby out to the public, however, MaGruder said the chatbot would first be given to a closed group to test. "We want to make sure that Robbie is stable and that we don\'t fall on our faces when we release it to the public," MaGruder said. "We want to make sure that the questions that the public is going to ask are questions we\'ve already asked Robbie." "As expected, people will compare Robbie to a traditional blockchain explorer and determine whether Robbie is correct or incorrect," MaGruder said. "To gather feedback, we will implement a thumbs up and thumbs down button. A thumbs up will serve as positive reinforcement, while a thumbs down will indicate areas needing improvement." Blocktrace is just the latest Web3 company looking to leverage the power of artificial intelligence for blockchain analysis. Others using the technology include Elliptic, Chainalysis, CipherTrace, and Nansen. "It\'s something we\'re looking at very deeply," Andrew Thurman, a Nansen engineer, told Decrypt at ETH Denver. "You can use things like AI analysis on the blockchain to see if [wallets] are doing the same things at the same time." Thurman added that even if there are no explicit connections, you can infer within a good level of certainty that all of those wallets are tied to the same entity. "Algorithmic labeling, and AI labeling, I think, have a pretty significant future in blockchain analysis," Thurman said.', 'Bitcoin climbed back above US$28,000 in Thursday morning trading in Asia in a broad based rally that lifted most other top 10 non-stablecoin cryptocurrencies and seemingly shrugged off concerns about regulators in the U.S. filing warnings and lawsuits against crypto exchanges. Bitcoin led the day’s gains while XRP led the winners for the week. U.S. equities rose on Wednesday as investors seemed to be moving on from concerns about the state of the banking system after a series of lender failures earlier this month.\nSee related article:SEC charges Beaxy cryptocurrency platform for violating securities laws\n• Bitcoin led the gainers among the top 10 non-stablecoin cryptocurrencies, jumping 3.87% to US$28,345 in the 24 hours to 9:00 a.m. in Hong Kong, to post a weekly gain of 3.61%, according toCoinMarketCap data.\n• The leading cryptocurrency has bounced back from a low of US$26,677 on Tuesday this week after the Commodity Futures Trading Commission’s (CFTC) filed alawsuit against Binancefor alleged violation of trading rules.\n• Ethereum rose 0.65% to US$1,788, holding a weekly gain of 2.78%. The token briefly traded above the US$1,800 resistance level on Wednesday.\n• The rally in cryptocurrencies comes amid rising tension between cryptocurrency platforms and U.S. regulators. Crypto asset trading platformBeaxy.com closed on Wednesdayafter the Securities and Exchange Commission (SEC) charged it for violating securities laws, making it at least the fourth crypto exchange to be targeted by a U.S. federal agency so far this year. The SEC has finedKraken, issued a warning toCoinbase, while the CFTC filed a lawsuit againstBinance. SEC ChairGary Gensleris also requesting more resources to regulate the crypto market.\n• However, thelawsuitissued by the CFTC against Bina
**Last 60 Days of Bitcoin's Closing Prices:**
[]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-30
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $553,135,052,300
- Hash Rate: 360932699.0829224
- Transaction Count: 326347.0
- Unique Addresses: 727172.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.60
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: MicroStrategy (MSTR) bought 8,813 bitcoins during 2022's major crypto dip, taking a $1.28 billion impairment loss for the year, the company said in itsfourth quarter report on Thursday.
As of December 31, the company had spent a total $3.9 billion to acquire 132,500 bitcoins purchased at an average price of $30,137.
The company's carrying value of its bitcoin holdings at quarter's end was $1.8 billion. As of Thursday afternoon's bitcoin price, MicroStrategy's stash was worth $3.16billion.
Shares of MicroStrategy were down as much as 3% in after hours trade on Thursday. Shares had gained more than 9% during normal trading hours on Thursday, and the stock has more than doubled so far this year.
In the fourth quarter, the business intelligence software company reported revenue of $132.6 million, just beating the $131 million expected by analysts, according to data from Bloomberg.
MicroStrategy reported a net loss for the fourth quarter of $249.7 million.
"Our corporate strategy and conviction in acquiring, holding, and growing our bitcoin position for the long term remains unchanged," said MicroStrategy CFO Andrew Kang.
MicroStrategy took a $197.6 million impairment charge for the fourth quarter on its bitcoin holdings, bringing its cumulative impairment charges related to bitcoin to $2.15 billion.
The company’s founder and Executive Chairman Michael Saylor has said previously that buying bitcoin has raised its public profile. Saylor stepped down in Augustfrom his role as CEOto focus on the company’s bitcoin strategy and related bitcoin advocacy initiatives.
To buy bitcoin, MicroStrategy has issuedcorporate debt, convertible bonds, equity, and taken out a loan with some of its bitcoin.
During the quarter, the company issued $46.2 million worth its stock, and as of December 31, MicroStrategy had around $450 million available for sale under its current authorizaton.
Over its fourth quarter, MicroStrategy also sold bitcoin for the first time, harvesting its losses to offset capital gains tax, according to an SECfiling.
The company's massive bitcoin write downs have also brought attention to how cryptocurrencies should be reported on a public corporation's balance sheet.
By current standards, crypto holdings must be recorded as intangible assets: when prices fall, the value must be written down to the lowest price point for the period. Alternatively, those assets can't be marked up when prices rise until they are sold.
The treatment will likely change by the end of 2024 according to Financial Accounting Standards Board (FASB), whichvotedWednesday to issue a proposal for public comment by late March that would have corporates value some crypto at fair value like stocks.
Click here for the latest crypto news, updates, values, prices, and more related to Bitcoin, Ethereum, Dogecoin, DeFi and NFTs
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- Reddit Posts (Sample): [['u/SkyFlyBye', 'McMoney - get paid to receive text messages - passive income', 13, '2023-03-30 00:12', 'https://www.reddit.com/r/beermoneyuk/comments/1262gg0/mcmoney_get_paid_to_receive_text_messages_passive/', "McMoney pay you to receive text messages. They make their money by testing cellular networks and see if text messages are delivered correctly by sending out test text messages. You don't need to open or click anything in the text message.\n\nThis is a passive income where after the installation process, you leave until cash out. You can delete the text messages you receive as it's mostly gibberish. McMoney is only available on Android. It's not available in iOS.\n\n**McMoney**\n\nMcMoney pays you $0.051 per text received on Android phone and they have a $5.00 cash out. You can cash out on Paypal or Bitcoin. I get a text about once every 3 days. You can use multiple phone numbers and cash out to the same Paypal.\n\nYou can unlock bonus money if you use my referral code and reach the minimum text received.\n\nRef code: K3MHXXX2\n\nDownload the app from their website here: [https://mcmoneyapp.com/](https://mcmoneyapp.com/)", 'https://www.reddit.com/r/beermoneyuk/comments/1262gg0/mcmoney_get_paid_to_receive_text_messages_passive/', '1262gg0', [['u/Fabulous_Can6778', 29, '2023-03-30 00:25', 'https://www.reddit.com/r/beermoneyuk/comments/1262gg0/mcmoney_get_paid_to_receive_text_messages_passive/je78ckk/', 'at 5 pence every three days it seems awful….', '1262gg0'], ['u/No-Mathematician1431', 10, '2023-03-30 00:54', 'https://www.reddit.com/r/beermoneyuk/comments/1262gg0/mcmoney_get_paid_to_receive_text_messages_passive/je7c85r/', 'Well it would seem roughly a year from the OP! Kinda sounds garbage to me but each to their own....', '1262gg0'], ['u/troymisti1', 16, '2023-03-30 09:05', 'https://www.reddit.com/r/beermoneyuk/comments/1262gg0/mcmoney_get_paid_to_receive_text_messages_passive/je8v24d/', 'Meanwhile most people would pay 5$ a year to not get random texts', '1262gg0'], ['u/adeskto_organise', 12, '2023-03-30 14:54', 'https://www.reddit.com/r/beermoneyuk/comments/1262gg0/mcmoney_get_paid_to_receive_text_messages_passive/je9ni6m/', 'Yeah and sell off my number to whichever dodgy company offers them a good price how generous!', '1262gg0']]], ['u/RainGdX', 'Baba options expiring this week', 13, '2023-03-30 01:23', 'https://www.reddit.com/r/thetagang/comments/1264bn3/baba_options_expiring_this_week/', 'I have Baba stock with an average cost basis of 110. I have been doing covered calls at lower strike price for the past 2 months and making some profit. Last week I sold 85 strike cc expiring 3/31 but didn’t expect it to cross 100 this week.\nWhat are my options ? BTC or roll or get assigned?', 'https://www.reddit.com/r/thetagang/comments/1264bn3/baba_options_expiring_this_week/', '1264bn3', [['u/MrZwink', 15, '2023-03-30 01:43', 'https://www.reddit.com/r/thetagang/comments/1264bn3/baba_options_expiring_this_week/je7iqw7/', 'Yup those are it, btc, roll or assignment.', '1264bn3'], ['u/SunGlobes', 10, '2023-03-30 03:29', 'https://www.reddit.com/r/thetagang/comments/1264bn3/baba_options_expiring_this_week/je7wy0y/', "Why not let the CC's get assigned, collect $8500/contract and use that money to sell CSP's at the 85 strike price. By doing this you can collect premium while you're waiting to regain your shares (hopefully) at the called away price of $85/share....wash/rinse/repeat.", '1264bn3']]], ['u/unitys2011', 'The Bitcoin Logo being projected onto the European Central Bank in Frankfurt, Germany', 826, '2023-03-30 02:21', 'https://www.reddit.com/r/CryptoCurrency/comments/1265r97/the_bitcoin_logo_being_projected_onto_the/', "As the title says - the Bitcoin logo being projected onto the European Central Bank in Frankfurt, Germany with the message ''study Bitcoin''.\n\n[Bitcoin logo projected onto the ECB in Frankfurt](https://preview.redd.it/2u1qrop5guqa1.jpg?width=675&format=pjpg&auto=webp&v=enabled&s=15fed3833329c71a623b2bce9f5009f860fa92ea)\n\nNow guess who it was? You're right, it was Bitman!\n\nSource: https://twitter.com/Bitman\\_bob/status/1641184791310618627?s=20\n\n[Bitman strikes again!](https://preview.redd.it/17atgm3wfuqa1.jpg?width=675&format=pjpg&auto=webp&v=enabled&s=b17245319ae10a829cc0d62a4b4ceaabe3946d50)\n\nSource: [https://twitter.com/Bitman\\_bob/status/1641148676180410379?s=20](https://twitter.com/Bitman_bob/status/1641148676180410379?s=20)\n\nIt seems this is a targeted awareness campaign since he used the hashtag ''gesundesgeld'' which means translated that he wants to draw attention to healthy money (Bitcoin).\n\nThis is not the first time, in fact he goes around Europe with his projector to draw attetion to Bitcoin.\n\nKudos to Bitman Bob and his friends, not all Heroes wear capes!\n\nYou can find the video here: [https://twitter.com/artsince2010/status/1641224329655463938?s=20](https://twitter.com/artsince2010/status/1641224329655463938?s=20)", 'https://www.reddit.com/r/CryptoCurrency/comments/1265r97/the_bitcoin_logo_being_projected_onto_the/', '1265r97', [['u/crypt_keeping', 11, '2023-03-30 02:23', 'https://www.reddit.com/r/CryptoCurrency/comments/1265r97/the_bitcoin_logo_being_projected_onto_the/je7o08h/', 'I wouldn’t be surprised if that guy gets sued', '1265r97'], ['u/token-eater', 78, '2023-03-30 02:25', 'https://www.reddit.com/r/CryptoCurrency/comments/1265r97/the_bitcoin_logo_being_projected_onto_the/je7ocxm/', 'I had to double-take for a comedy flare LOL', '1265r97'], ['u/juanadov', 15, '2023-03-30 02:25', 'https://www.reddit.com/r/CryptoCurrency/comments/1265r97/the_bitcoin_logo_being_projected_onto_the/je7od72/', 'I’m calling bitcoin “healthy money” from now on.', '1265r97'], ['u/jordbrouss1095', 15, '2023-03-30 02:41', 'https://www.reddit.com/r/CryptoCurrency/comments/1265r97/the_bitcoin_logo_being_projected_onto_the/je7qhsm/', 'This guy is the hero we deserve.\nSmart. Move', '1265r97'], ['u/EchoCollection', 20, '2023-03-30 03:02', 'https://www.reddit.com/r/CryptoCurrency/comments/1265r97/the_bitcoin_logo_being_projected_onto_the/je7temv/', 'This is the type of real world guerilla marketing I can get behind!', '1265r97'], ['u/homrqt', 12, '2023-03-30 03:14', 'https://www.reddit.com/r/CryptoCurrency/comments/1265r97/the_bitcoin_logo_being_projected_onto_the/je7ux0r/', 'Yes, finally some form of real world activism that is worth getting involved.', '1265r97'], ['u/Dubznation300', 12, '2023-03-30 03:14', 'https://www.reddit.com/r/CryptoCurrency/comments/1265r97/the_bitcoin_logo_being_projected_onto_the/je7uxe9/', 'We need a Bitman Anime Series\n\nPlot: fighting fraudulent crimes, cyber attacks and defending crypto against politicians, SEC, and the government\n\n**Starring** Bitman\r \nWife Ethereum\r \nSide chick Litecoin \r \nFriends: XRP, Cardano, BNB\r\n\nPets: Dogecoin & Shiba Inu\n\nHuman friends: Michael Saylor, Brian Armstrong \n\nEmployer & Mentor: Satoshi monitors Bitman’s activities and provides the instructions. \n\n**Sub plot** Bitman was created in a lab by Satoshi, and finds out Satoshi is his father \n\n\n\r**Villains** \r \nFinal bosses: Do Kwon, SBF\r \nLower level bosses: Su Zu, Kyle Davies, Mashinsky, Justin Sun\n\nSEC boss: Gary Gensler\n\nGovernment figures: Jerome Powell \n\nOn going list so feel free to provide input. Any suggestions would be great. Can be updated. Thanks', '1265r97'], ['u/escargotmycargobigE', 14, '2023-03-30 05:16', 'https://www.reddit.com/r/CryptoCurrency/comments/1265r97/the_bitcoin_logo_being_projected_onto_the/je8abe3/', 'This is one of the most badass things I’ve seen today', '1265r97']]], ['u/TheAmazingStorm', 'A question about Skirmish and Living Legend Points', 10, '2023-03-30 02:43', 'https://www.reddit.com/r/FABTCG/comments/1266afk/a_question_about_skirmish_and_living_legend_points/', 'Hey, so at the [official site](https://fabtcg.com/resources/rules-and-policy-center/living-legend/) we have the information that skirmish events awards 2 living legend points to the winner hero. But this seems odd, does this means that every skirmish event running worldwide will award 2 points?', 'https://www.reddit.com/r/FABTCG/comments/1266afk/a_question_about_skirmish_and_living_legend_points/', '1266afk', [['u/lockespaine', 11, '2023-03-30 02:53', 'https://www.reddit.com/r/FABTCG/comments/1266afk/a_question_about_skirmish_and_living_legend_points/je7s3f5/', 'Each individual skirmish will give 2 LL points to the winning hero.', '1266afk']]], ['u/Which-Ad-9338', 'My Beginner Mistakes', 108, '2023-03-30 05:42', 'https://www.reddit.com/r/CryptoCurrency/comments/126acbp/my_beginner_mistakes/', 'When I entered the crypto space, I made a series of stupid mistakes that I’d like to share so that others can avoid doing the same. If you have experience in the market, a lot of this may be boring or repetitive, but please add any beginner misconceptions that you held in the comments if you have the time.\n\n1) **I had no understanding of market cap.** I bought ADA at $.70 expecting it to 1000x because I thought it was “cheap.” Ouch. To make a rational exit plan based on realistic prices, you need to understand market capitalization, or the total value of a cryptocurrency. The formula for calculating crypto market cap is: Market Cap = Current Price x Circulating Supply. Bitcoin and ETH will probably always have the highest market caps for the time being. The lower the market cap, the more room for growth BUT there’s much more risk. Low cap coins are basically gambling.\n\n2) **I didn’t understand crypto market cycles.** I approached the market with the mindset of traditional stocks: the longer you hold, the more money you make over time. Outside of BTC and ETH, this is NOT true in crypto. This sector is full of coins that fall into obsolescence after a glorious run. It is important to both buy and sell altcoins within the 3-4 year market cycle. I also didn’t understand the BTC halving cycle, and how pric...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
| |
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:The crypto market is ending the week flat.\nInsights:Stefan Rust, CEO of data aggregator TruFlation, suggests that TradFi may be approaching a tipping point and that bitcoin may benefit.\nBy Sam Reynolds\nCoinDesk Market Index (CMI)\n1,213\n−2.1▼0.2%\nBitcoin (BTC)\n$28,303\n−3.4▼0.0%\nEthereum (ETH)\n$1,813\n+28.2▲1.6%\nS&P 500\n4,050.83\n+23.0▲0.6%\nGold\n$1,998\n+31.9▲1.6%\nNikkei 225\n27,782.93\n−100.8▼0.4%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBoth bitcoin and ether are opening the Asia business day fairly flat, with bitcoin flat at $28,303 and ether up 1.6% to $1,813.\nStock markets in Asia are in the green, with the Nikkei 225 opening 1%.\nBitcoin is likely dormant, and awaiting major economic news for its next move, because of low liquidity. AsKaiko notedearlier this week, bitcoin trading is at its lowest level in eight months after crypto exchange Binance reintroduced trading fees. This is on top of theexisting liquidity woesbitcoin now faces, as fiat pipelines dry up.\nLooking ahead to the next week there are a number of economic events that should spur traders’ interest.\nJohn Williams, president of the Federal Reserve Bank of New York , is scheduled to speak Friday afternoon U.S. time, along with Federal Reserve governors Lisa Cook and Christopher Waller later in the day. Traders often read the tea leaves from these engagements to see what’s coming ahead.\nWith the U.S. governmenttaking an apparent stand against crypto, traders are no doubt looking to see if there’s anything that can disprove this and show that authorities plan to treat the asset class fairly.\nStefan Rust Has a Few Things to Say About Banks and Crypto\nBy James Rubin\nHas crypto really, finally, truly reached its breakthrough moment?\nStefan Rust, a crypto investor and CEO of data aggregator TruFlation suggested that traditional finance may be approaching a tipping point amid multiple bank failures in the U.S. and near meltdowns at two banking giants in Switzerland and Germany, and that investor worries lie at the root of this week\'s surge in crypto prices.\n“It seems people are realizing that the banking crisis isn\'t really over and, given all the noise out there, a lot of people are starting to question the approach that they\'re taking to their savings and wealth management," Rust wrote. "I think many techprenuers and SVB clients will move some of their savings into crypto.\nHe added: "Indeed, there already seems to be a demand to move some of this across into bitcoin and Ether on-chain, which could explain some of the recent price rises – especially as former SVB (Silicon Valley Bank) clients are receiving their savings back from the FDIC (Federal Deposit Insurance Corp.) right now."\nRust noted that the collapse of crypto-friendly banks have eliminated valuable resources for investors and others eager to participate in the digital-asset ecosystem and alluded to rising regulatory pressures in the U.S. that may be creating obstacles to the industry\'s growth. "Many are trying to navigate the on and offramp situation and find loopholes," he wrote.\nThe byproduct of this turn of events could benefit Hong Kong, whose leading financial regulatory agency, the Securities and Futures Commission, has recently proposednew, more crypto-friendly regulations. The SFC is seeking public comment on the rules, which could establish a new licensing regime for crypto service providers and allow licensed platforms to serve retail investors under certain protections.\n"A lot of Asian customers that had crypto in SVB are now moving funds to Hong Kong where they can set up accounts and use the Hong Kong banking system to on and off ramp," Rust wrote. "Indeed, it\'s interesting to see that during these times, as the Western banking world is experiencing another crisis, that a small tax haven in China like Hong Kong is inviting crypto companies to work with them to identify new regulations that could be put in place to build a sustainable crypto economy."\nRust expects the recent unsettled relationship between decentralized finance, orDeFi, and TradFi to steady. "Over the long term, there will be a whole new on and offramp system between DeFi, crypto and the fiat world, as trust in centralized, regulated institutions has definitely had its back broken," he wrote. "There is no longer a need to keep all your funds in one bank, one central entity that holds all of your assets in custody, as who knows what will happen with that entity and ultimately your savings."\nHe added: "Markets always take a bit of time to readjust, reacquire confidence and find new paths and funding streams. Money will always move uphill, however.”\nMiami NFT Week\nMetaverse Fashion Week by Decentraland\nSpeech by Federal Reserve Board Governor Christopher Waller\nHKT/SGT(UTC)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nXRP Trading Volumes Spike to Billions of Dollars on South Korean Crypto Exchanges; SBF Legal Developments\nTrading volumes for XRP spiked to billions of dollars on Upbit, Bithumb and Korbit, three of Korea’s top exchanges by volume, on the back of the token\'s 26% rise in the past week. Gracy Chen, managing director at Bitget, and Mark Connors, head of research at 3iQ, joined the conversation. Plus, Nansen\'s Jason Meng discussed Binance\'s on-chain balance following the Commodity Futures Trading Commission lawsuit against the crypto exchange. And "First Mover" offered an update on Sam Bankman-Fried\'s legal developments ahead of a status hearing on Thursday.\nCircle’s USDC Remains Dominant in DeFi as Pressure Eases on the Stablecoin:USDC, the key stablecoin in decentralized finance, temporarily lost its dollar peg earlier this month after the collapse of its key banking partner.\nBitcoin Miner TeraWulf Reports 146% Increase in Revenue as It Ramps Up Operations:The company reiterated its 5.5 EH/s computing power target for the second quarter of this year.\n3 Strategies Crypto Firms Can Use to Land a New Banking Partner:After the recent collapse of three crypto-friendly banks, many firms are left hunting for new banking partnerships.\nBevy of Economic Data Barely Stirs Bitcoin, Ether:Bitcoin and ether trade flat on below-average volume after GDP contracts slightly and initial jobless claims exceed expectations.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: The crypto market is ending the week flat. Insights: Stefan Rust, CEO of data aggregator TruFlation, suggests that TradFi may be approaching a tipping point and that bitcoin may benefit. Prices By Sam Reynolds CoinDesk Market Index (CMI) 1,213 −2.1 ▼ 0.2% Bitcoin (BTC) $28,303 −3.4 ▼ 0.0% Ethereum (ETH) $1,813 +28.2 ▲ 1.6% S&P 500 4,050.83 +23.0 ▲ 0.6% Gold $1,998 +31.9 ▲ 1.6% Nikkei 225 27,782.93 −100.8 ▼ 0.4% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Both bitcoin and ether are opening the Asia business day fairly flat, with bitcoin flat at $28,303 and ether up 1.6% to $1,813. Stock markets in Asia are in the green, with the Nikkei 225 opening 1%. Bitcoin is likely dormant, and awaiting major economic news for its next move, because of low liquidity. As Kaiko noted earlier this week, bitcoin trading is at its lowest level in eight months after crypto exchange Binance reintroduced trading fees. This is on top of the existing liquidity woes bitcoin now faces, as fiat pipelines dry up. Looking ahead to the next week there are a number of economic events that should spur traders’ interest. John Williams, president of the Federal Reserve Bank of New York , is scheduled to speak Friday afternoon U.S. time, along with Federal Reserve governors Lisa Cook and Christopher Waller later in the day. Traders often read the tea leaves from these engagements to see what’s coming ahead. With the U.S. government taking an apparent stand against crypto , traders are no doubt looking to see if there’s anything that can disprove this and show that authorities plan to treat the asset class fairly. Insights Stefan Rust Has a Few Things to Say About Banks and Crypto By James Rubin Has crypto really, finally, truly reached its breakthrough moment? Stefan Rust, a crypto investor and CEO of data aggregator TruFlation suggested that traditional finance may be approaching a tipping point amid multiple bank failures in the U.S. and near meltdowns at two banking giants in Switzerland and Germany, and that investor worries lie at the root of this week\'s surge in crypto prices. Story continues “It seems people are realizing that the banking crisis isn\'t really over and, given all the noise out there, a lot of people are starting to question the approach that they\'re taking to their savings and wealth management," Rust wrote. "I think many techprenuers and SVB clients will move some of their savings into crypto. He added: "Indeed, there already seems to be a demand to move some of this across into bitcoin and Ether on-chain, which could explain some of the recent price rises – especially as former SVB (Silicon Valley Bank) clients are receiving their savings back from the FDIC (Federal Deposit Insurance Corp.) right now." Rust noted that the collapse of crypto-friendly banks have eliminated valuable resources for investors and others eager to participate in the digital-asset ecosystem and alluded to rising regulatory pressures in the U.S. that may be creating obstacles to the industry\'s growth. "Many are trying to navigate the on and offramp situation and find loopholes," he wrote. The byproduct of this turn of events could benefit Hong Kong, whose leading financial regulatory agency, the Securities and Futures Commission, has recently proposed new, more crypto-friendly regulations . The SFC is seeking public comment on the rules, wh
**Last 60 Days of Bitcoin's Closing Prices:**
[]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-03-31
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $544,766,506,788
- Hash Rate: 328332326.2625294
- Transaction Count: 308386.0
- Unique Addresses: 732643.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.63
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: • US stocks closed Monday mixed, with a small gain for the S&P 500.
• Equities appeared in a holding pattern until Fed boss Jerome Powell delivers testimony about monetary policy this week.
• The 10-year Treasury yield edged higher after pulling back at the end of last week.
Stocks finished mixed Monday and Treasury yields edged higher as investors prepared to hear from Federal Reserve Chairman Jerome Powell on Tuesday.
The S&P 500 eked out a third consecutive advance. Gainers includedAppleafterGoldman Sachs recommended buying sharesof the tech behemoth.
This week will feature Fed boss Powell on Tuesday and Wednesday on Capitol Hill for semi-annual testimony.
Stocks finished mostly higher, but investors have been tracking moves in the bond market for short-term direction, Ross Mayfield, investment strategy analyst at Baird Private Wealth Management, told Insider.
"This is kind of how the market traded last year. It seems we're back on that path now that the Fed's terminal rate and what the Fed is going to do is back in the forefront," he said.
Stocks found some relief Monday and Friday as bond yields backed away from recent highs, including the 10-year Treasury yield moving back under 4%, but yields on Monday were ticking higher again.
"I think we'll be in a holding pattern until we get that nonfarm payrolls report," said Mayfield, referring to jobs report due out this Friday. "I don't expect Powell to diverge from the higher-for-longer messaging and reiterate its commitment to the 2% target," he said.
"But I do think nonfarm payrolls could be interesting to see if there's a revision or not to the January number. The whole shift in the tone of markets started at the beginning of February when we got that January nonfarm payrolls number," Mayfield said. The report for January showed that employers added 517,000 in the month, greatly exceeding economists' expectations.
Here's where US indexes stood at the 4:30 ap.m. closing bell on Monday:
• S&P 500:4,048.39, up 0.07%
• Dow Jones Industrial Average:33,431.44, up 0.12% (40.47 points)
• Nasdaq Composite:11,675.74, down 0.11%
In his semi-annual monetary policy report before US lawmakers set to begin Tuesday, investors will watch what Powell will say about interest rates and the Fed's ongoing fight against inflation, a year after embarking on its aggressive monetary policy program.
Strength in the labor market has also influenced the Fed's outlook for rates. Investors will receive a key update from that front in Friday's US unemployment report for February.
Here's what else is happening today:
• Crypto exchange Binance crafted a plan to evade scrutiny by US authorities back in 2019,The Wall Street Journal reported.
• British chip designerArm is looking to raise at least $8 billionwhen it lists on the US stock market later this year.
• Chinese EV maker BYD, backed by Warren Buffett, has seen $18 billion in value wiped out amid Tesla's price war.
• Ken Griffin's Citadelis extending its winning streak in 2023 after last year's record gains.
In commodities, bonds, and crypto:
• West Texas Intermediate crudeturned higher, rising 1.1% to $80.60 per barrel.Brent crude,the international benchmark, rose 0.6% to $86.34.
• Goldfell 0.1% to $1,852.40 per ounce.
• The10-year Treasury yieldrose eight basis points to 3.98%.
• Bitcoinslipped 0.4% to $22,399.10.
Read the original article onBusiness Insider...
- Reddit Posts (Sample): [['u/OldLack7618', "The Bitcoin Economy - No One is Talking About Bitcoin's Biggest Problem!", 21, '2023-03-31 00:49', 'https://www.reddit.com/r/Bitcoin/comments/1271xn2/the_bitcoin_economy_no_one_is_talking_about/', "# The Bitcoin Economy\n\nBitcoin's disinflationary model may have the potential to create an economy where goods and services become increasingly affordable. Competition among businesses will skyrocket, and a focus on delivering services to consumers a priority. Bitcoin's deflationary model ensures that everything naturally decreases in value compared to Bitcoin over time, contrast to every other inflationary currency, including FIAT & gold.\n\nThis singularity blackhole-like effect will lead to a Bitcoin economy. Where people are less likely to spend and more likely to save, driving businesses to compete for the most productive/desirable products and services. This competition ensures higher quality goods, better decision-making, and compounding lower prices. Even governments will be forced to act in the best interest of the consumer, forced into an endless quest of finding productive means to continuously earn Bitcoin if they hope to remain in power.\n\n# The Problem\n\nIt is important to note that while Bitcoin is overall disinflationary, it still undergoes inflationary periods due to its current mining reward subsidy schedule. Bitcoin's rate of inflation slows over time through its halving cycles, but it is still technically inflationary until all remaining Bitcoin have been mined over the next 120 years.\n\nFor the Bitcoin economy to succeed as described, Bitcoin needs to transition from its current inflationary model to its deflationary end-state without failure. Without this transition, Bitcoin risks losing its most valuable quality; the promise of true digital scarcity.\n\nBitcoin's security model relies on its mining network, where the higher total mining hash-rate performed through honest miners, the higher entry cost barrier for bad actors to be able to perform attacks. This security model is currently sustained through the built-in incentive mechanism allowing miners to earn Bitcoin as a reward for contributing to the total hash-rate. However, once all Bitcoin have been mined, the only reward will be transaction fees. The question is; will these fees be sufficient to incentivize miners to maintain the network's security long-term?\n\nIn light of this concern, it is crucial to explore potential solutions to ensure a smooth transition from the current inflationary model to a truly deflationary one, while maintaining the security and integrity of the network.\n\n# Will Bitcoin Succeed?\n\nA few years ago, there was an article written on this topic by Dan Held called [Bitcoin's Security is Fine](https://danhedl.medium.com/bitcoins-security-is-fine-93391d9b61a8).\n\nThe article outlines a forecasted transaction fee model predicting that fees would increase over time. The purpose of this was to display a potential reduced need for mining more Bitcoin to reward miners sufficiently, and that transaction fees would suffice over time. The chart used in the article was created by [Awe\\_andWonder](https://twitter.com/Awe_andWonder), but the Twitter account has since been removed.\n\n[Awe\\_andWonder's chart forecasting tx fees to increase over time.](https://preview.redd.it/xq7gkhoq2yqa1.png?width=720&format=png&auto=webp&v=enabled&s=a7980fef8ebdc8304b295764b93ae56d491888d1)\n\nIf you are like me, you will notice that this is a forecasted assumption made in 2019, and not something that is guaranteed. Upon seeing this chart, I wondered how it looks today in 2023. Thanks to CoinMarketCap's recently released [Deep Dive video](https://youtu.be/8si1gB8siTA) on the topic, I was able to find this information.\n\n[Recreation of Crossover Point. We can see fees are not going up as anticipated.](https://preview.redd.it/smp4agxy3yqa1.png?width=1356&format=png&auto=webp&v=enabled&s=af55a04d1d2e2c76ebacc2778da7aa2a266d5712)\n\nAs of 2023, we can see that fees are not moving as originally forecasted, and are in fact lower than they have been since 2011 even though adoption has been growing consistently so far. Lower transaction fees are beneficial for making Bitcoin transactions more scalable. However, this lowering of fees pose a potential threat to Bitcoin's security model. If fees are not sufficient to reward miners, they may have to shut down their equipment due to costs of business. This could lead to lower hash rates from honest miners and a decrease in mining difficulty scaling. This could make it more cost-effective for opportunistic bad actors to attempt 51% attacks.\n\nFurthermore, the way Bitcoin's halving cycles work may inherently be flawed. As fewer Bitcoin are available to reward miners, a gradual decrease in number of willing mining participants could occur over time. This issue may be resolved naturally if Bitcoin's price roughly doubles every four years to compensate, but it's difficult to guarantee this level of adoption. It's essential to have consistent increasing demand and adoption over time to avoid a potential collapse through this potential security flaw. It is worth noting, that there may be some leeway in the required adoption rate going forward, as it is difficult to identify the base price which exponential doubling must begin. If this is in fact a legitimate issue, we may still have plenty of time before this issue presents any real harm.\n\n# Solutions?\n\nI've been struggling to find good resources with answers or solutions to this particular Bitcoin problem. That's why I'm creating this thread - I need help. I also want to bring attention to this issue, because I've hardly seen anyone discussing it openly, even though it could be a significant flaw.\n\nThe question we must ask is whether we're buying into a currency and story claiming inevitable success, when in fact, failure may be over the horizon. Currently, Bitcoin relies on inflation to function. Could it simply be impossible to create a truly deflationary currency that could work within the laws of physics in our reality? Perhaps there's a reason why true deflationary value has never existed before Bitcoin. I'm eager to find out more.\n\nI've noticed a lot of uncertainty regarding this topic within the Bitcoin community. Most other Bitcoin concerns have clear answers and solutions, but this one doesn't as far as I can find. Here are a few ideas I have come across so far:\n\n1. The Crossover Point chart might just be experiencing a setback and could recover at some point allowing transaction fees to increase over time as expected. I haven't found a way to prove this.\n2. The Lightning network could potentially help with this issue, as continuous adoption seems to be key to this issue. However, this solution has its own drawbacks, and it's unclear whether it can really solve the problem. See videos by [CoinMarketCap](https://www.youtube.com/watch?v=8si1gB8siTA&t=806s&ab_channel=CoinMarketCap) or [Till Musshoff](https://www.youtube.com/watch?v=8GUFpBr1mwA&t=68s&ab_channel=TillMusshoff) for info on this.\n3. Merged mining is another option, but I don't fully understand it. From what I've read, it may not be a certain solution, only a potential one. It involves Bitcoin mining simultaneously with other cryptocurrencies, but the value of those coins needs to be retained for this to work over the long-term. The two videos I mentioned earlier also mention this topic.\n4. One of my theories is that Bitcoin's natural adoption over the next 120 years, leading up to the final Bitcoin being mined, will increase the network's value enough that the problem will eventually disappear. As technology advances, computing and energy costs may decrease to the point where hashing is nearly free, and everyone naturally contributes to the network through various means. However, this raises concerns in bad actors having access to the same advancements and low costs creating a zero-sum game. There are other challenges to this idea as well which I may not be able to foresee.\n\n# My Potential Solution\n\nBitcoin's current design flaw is that it is finite in its divisibility, each bitcoin only divisible by 100 million satoshis. This means that eventually all bitcoin will be mined, and miners will only be incentivized by transaction fees which may not suffice as recognized earlier. To solve this issue, my proposed solution is to increase the level of divisibility by regularly updating bitcoin to add decimal points to the amount of satoshis per bitcoin.\n\nThis change would make Bitcoin permanently disinflationary rather than becoming deflationary by allowing the protocol to run out of satoshis to mine. As the level of divisibility increases, miners would be able to continuously mine smaller and smaller fractions of bitcoin as the supply of satoshis within each bitcoin inflate in supply. Coupled with Bitcoin's potential for exponential growth, the logarithmic behavior of increasing bitcoin divisibility like this could create a stable and sustainable mining incentive model.\n\nBy increasing the level of divisibility in this manner, the supply of bitcoin would not be affected, and bitcoin would remain capped at 21 million, thus not impacting its price. This would provide a sustainable model for miners to continue earning rewards for mining, as opposed to relying solely on transaction fees.\n\nThis proposed solution requires feedback and input from the community to be implemented effectively. However, the potential benefits of this solution include a sustainable mining model and a stable and disinflationary Bitcoin ecosystem.\n\nPotential issues:\n\n1. This idea is subject to further review at this time, as my understanding of it alone likely isn't good enough.\n2. I am unaware if there are any drawbacks to adding zeroes to the Satoshi count. (Increasing Each Bitcoin total Divisibility).\n\...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, New York, U.S., March 10, 2020. Andrew Kelly/Reuters US stocks jumped on Friday, ending the first quarter on a positive note. A key price gauge showed continued signs that inflation is cooling off. The S&P 500 and Nasdaq have gained 6% and 17%, respectively, since the start of the year. US stocks rose higher on Friday, ending a tumultuous first quarter on a positive note as a key price gauge showed continued signs that inflation is cooling off. The Personal Consumption Expenditures Index — the Fed\'s preferred inflation measure — rose 0.3% in February from the prior month, lower than the expected 0.4%. The S&P 500 has gained 6% and the tech-focused Nasdaq Composite is up 17% since the start of the year. Meanwhile, the Dow Jones Industrial Average was nearly flat over the quarter. That comes after a rocky few months for markets. Investors began the year hopeful that inflation was easing enough for the Fed to cut rates soon. But sticky inflation data and hawkish Fed comments unwound those bets. Then the failure of Silicon Valley Bank and fears of a recession on the horizon whipsawed markets again. Here\'s where US indexes stood at the 4:00 p.m. ET close on Friday: S&P 500 : 4,109.30, up 1.44% Dow Jones Industrial Average : 33,274.15, up 1.26% (415.12 points) Nasdaq Composite : 12,221.91, up 1.74% Here\'s what else is going on: The new bull market in stocks has begun , as history shows the bear narrative is falling apart, according to Fundstrat\'s Tom Lee. The Fed\'s rate hikes are a "megathreat" to the economy, according to "Dr. Doom" Nouriel Roubini. The banking crisis will have a "long tail" as risks move from economic to financial contagion, according to Mohamed El-Erian. First Citizens Bank, the buyer of SVB\'s assets , is run by a North Carolina family that\'s bought over 20 failed banks since 2008. The US dollar is about to "stare into the abyss," and will likely keep dropping, one analyst said. In commodities, bonds, and crypto: Oil prices traded mixed, with West Texas Intermediate up 1.49% to $75.47 a barrel. Brent crude , the international benchmark, slipped 0.26% to $79.68 a barrel. Gold edged lower 0.50% to $1,968.73 per ounce. The 10-year Treasury yield ticked lower five basis points to 3.494%. Bitcoin moved higher 1.44% to $28,341.38. Read the original article on Business Insider View comments', '• US stocks jumped on Friday, ending the first quarter on a positive note.\n• A key price gauge showed continued signs that inflation is cooling off.\n• The S&P 500 and Nasdaq have gained 6% and 17%, respectively, since the start of the year.\nUS stocks rose higher on Friday, ending a tumultuous first quarter on a positive note as a key price gauge showed continued signs that inflation is cooling off.\nThe Personal Consumption Expenditures Index — the Fed\'s preferred inflation measure — rose 0.3% in February from the prior month, lower than the expected 0.4%.\nThe S&P 500 has gained 6% and the tech-focused Nasdaq Composite is up 17% since the start of the year. Meanwhile, the Dow Jones Industrial Average was nearly flat over the quarter.\nThat comes after a rocky few months for markets. Investors began the year hopeful that inflation was easing enough for the Fed to cut rates soon. But sticky inflation data and hawkish Fed comments unwound those bets. Then thefailure of Silicon Valley Bankand fears of a recession on the horizon whipsawed markets again.\nHere\'s where US indexes stood at the 4:00 p.m. ET close on Friday:\n• S&P 500:4,109.30, up 1.44%\n• Dow Jones Industrial Average:33,274.15, up 1.26% (415.12 points)\n• Nasdaq Composite:12,221.91, up 1.74%\nHere\'s what else is going on:\n• The new bull market in stocks has begun, as history shows the bear narrative is falling apart, according to Fundstrat\'s Tom Lee.\n• The Fed\'s rate hikes are a "megathreat"to the economy, according to "Dr. Doom" Nouriel Roubini.\n• The banking crisis will have a "long tail"as risks move from economic to financial contagion, according to Mohamed El-Erian.\n• First Citizens Bank, the buyer of SVB\'s assets, is run by a North Carolina family that\'s bought over 20 failed banks since 2008.\n• The US dollar is about to "stare into the abyss,"and will likely keep dropping, one analyst said.\nIn commodities, bonds, and crypto:\n• Oil prices traded mixed, withWest Texas Intermediateup 1.49% to $75.47 a barrel.Brent crude, the international benchmark, slipped 0.26% to $79.68 a barrel.\n• Goldedged lower 0.50% to $1,968.73 per ounce.\n• The10-year Treasury yieldticked lower five basis points to 3.494%.\n• Bitcoinmoved higher 1.44% to $28,341.38.\nRead the original article onBusiness Insider', 'Looking for the best investing apps to get your financial life back on track? A solid finance app can handle routine financial tasks, shuffle money into investment accounts, and track spending . But the best investment apps can also let you quickly trade stocks, follow your account in real time, help you learn about the markets and more. Because they can do so much, investment apps have become increasingly popular. Here are some of the top apps for getting your finances organized and invested. All of these apps are great for beginners, and they make it easy for those just starting to invest or looking to play a stock-picking game for fun. Here are the best stock investment apps in May 2023: Betterment – Best app for automated investing Invstr – Best app for education Acorns – Best app for saving Wealthbase – Best app for trading games and contests Wealthfront – Best app for portfolio management Fidelity Investments – Best app for managing money all-in-one Robinhood – Best app for active trading Charles Schwab – Best app for beginners Ellevest – Best app for socially responsible investing Public – Best app for learning about companies Fundrise – Best app for direct investment in real estate A closer look at the top stock investment apps in May 2023 Betterment – Best app for automated investing Betterment is one of the largest and most popular robo-advisors, and for good reason. The app provides professionally managed portfolios using a selection of ETFs that’s calibrated against your own risk tolerance and when you need the money. Betterment can create socially responsible portfolios focusing on climate change or social impact. Minimum balance required: $0 for digital service; $100,000 for premium service Fees: Management fee of 0.25 – 0.40 percent of assets annually Why we like it: If you’re willing to stomach a bit more risk, the app can find you investments with a potentially higher return. If you need a safer portfolio, Betterment can do that, too. A robust (and free) cash management account. You can set up Betterment and then kick back while the pros do the rest of the work. Betterment charges a much smaller price than you’d pay for a traditional financial advisor . The app lets you set goals to invest for, such as a safety net or retirement, and there’s no account minimum. Story continues Who is it best for?: You like having a professionally managed portfolio for a low cost, along with a cash management account. Invstr – Best app for education Invstr is what you get when you mix learning, real-life investing and community into an app that’s designed to give beginning investors a way to get into stocks , especially if you like games. The app combines a fantasy stock game, where you can assist in managing a virtual portfolio, with access to investors’ thoughts on stocks and other investments. Minimum balance required: $0 Fees: $0, $3.99 for Invstr Pro. Can trade stocks, crypto and ETFs commission-free with a $5 minimum investment. Why we like it: The fantasy game gives you $1 million in virtual money, and you can use the app’s social network and news feed to source ideas. The month’s top performers win real cash, too. If you want to turn some of those fantasy picks into real-life stakes, you can buy fractional shares and whole shares commission-free in the app. The app will even give new users $30 worth of Bitcoin when they open and fund an account with $100. Invstr has also started offering commission-free trading in cryptocurrencies. Who is it best for?: You want to learn from an investing community, hear why they like certain stocks and play a fun fantasy game. Acorns – Best app for saving Acorns remains one of the most popular of the new breed of savings apps, because of how easy it is to use. You really don’t have to pay much attention once you’ve set it up. Minimum balance required: $0 for savings account Fees: $3 or $5 per month depending on the service tier Why we like it: Link a debit or credit card to your account, and Acorns will round up the total on purchases to the next dollar and invest that difference into one of a few ETF portfolios. The cost is a modest $3 per month for Acorns Personal, which includes the investment account, an individual retirement account (IRA) , a metal debit card and more. You’ll be able to open one of three IRA versions: the traditional, Roth or a SEP, and can roll over an existing 401(k) or IRA. This tier offers an FDIC-protected checking account, too, with no additional fees, fee-free access to thousands of ATMs and early access to direct deposits. Acorns chooses your portfolio based on the targeted time until your retirement (calculated as age 59 ½), becoming more conservative as you near that age – something to consider when choosing the app. For a total of $5 per month, you can add Acorns Family, which includes the features of the first tier as well as investment accounts for children. Who is it best for?: You like getting automatic investments while you’re spending without worrying about it. You like retirement investing without the hassle. Wealthbase – Best app for trading games and contests Wealthbase is a top player in the world of stock market games, and it may be the most user-friendly investing app out
**Last 60 Days of Bitcoin's Closing Prices:**
[]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-04-01
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $551,516,157,088
- Hash Rate: 326003728.2039299
- Transaction Count: 319646.0
- Unique Addresses: 702374.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.61
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin(BTC) is down 1.7% over the past day and 8.4% in the week, as the leading cryptocurrency slid to a three-week low of $21,640 in the early hours on Thursday, data fromCoinGeckoshows.
The world’s largest cryptocurrency last traded below $22,000 in mid-February before a surge of interest inNFTsminted through theOrdinals protocolon Bitcoin pushed the price to around $25,000.
For the past two weeks, though, Bitcoin has been on the slide as Silvergate Bank's troubleshit the headlines.
The San Francisco-based company, which was serving numerous crypto businesses, including the collapsed FTX exchange,announcedit was winding down operation on Wednesday, citing "recent industry and regulatory developments."
'Crypto Friendly' Bank Silvergate to Wind Down Operations
Ethereum(ETH) is following a similar bearish pattern, as the market’s second-largest cryptocurrency shed 1.5% in value in the day and 7.9% over the past week, perCoinGecko.
ETH is now trading at a three-week low of $1,531, which is almost 69% off the cryptocurrency’s historic high of $4,878 seen in November 2021.
Several major altcoins have meanwhile suffered even larger losses over the week.
Solana(SOL) is down 18% over the span, trading at $18.45, followed byPolygon(MATIC) andLitecoin(LTC), which are down 16.3% and 15.3%, respectively.
Polkadot(DOT) shed 14% in value on the week, whileAvalanche(AVAX) is down 13.5%.
The seventh-placedCardano(ADA) is down 12.4% over the span.
The latest drop in prices resulted in over $100 million in liquidations in the past 24 hours, according toCoinglass, with about 81% being long positions, or bets on the prices to go up.
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Find our list of the best betting apps for cricket betting in India below. New Delhi, India --News Direct-- Acroud Media Cricket is the biggest sport in India, meaning there is naturally plenty of betting interest in it from across the country. The best and most convenient place to bet on the sport is with cricket betting apps, where you can bet on the go via your mobile device any time you wish. These best cricket betting apps are legal and fully licensed to use by residents in India to bet on the biggest cricket events over the course of the year. Continue on to learn more about the best cricket betting apps in India and how to download them onto your mobile phone today. Best Betting Apps for Cricket Betting in India Betway bet365 1XBet Melbet Parimatch 22Bet BetWinner Dafabet 10Bet Rajabets Best Cricket Betting Apps There are plenty of real money cricket betting apps that can be downloaded in India, but not all of them can be trusted. We have featured the top 10 cricket betting apps in India in our online cricket betting app list below, all of which are fully licensed and trusted sites that you can put your faith in. These can all be downloaded today to place bets on in just a matter of minutes. 18+ Gambling Can Be Addictive. Please Play Responsibly. BeGambleAware GamStop Gambling Commission Betway Betway is a well-respected brand in multiple countries and has one of the best apps for cricket betting. The Betway app can be downloaded in a quick and easy fashion and has become extremely popular since launching in India. It comes packed with plenty of accepted payment methods and has a huge number of cricket betting markets for customers to browse. bet365 bet365 is a huge name in sports betting and is one of the best cricket betting brands around. They are without doubt one of the best betting apps in India for cricket with an enormous range of cricket markets available to bet on. There is also a low deposit amount available on bet365, making it an accessible betting app to bet on cricket. bet365 is also one of the best IPL betting apps thanks to the depth of their service. Story continues 1XBet Next on our list of online cricket betting apps is 1XBet, which has a fantastic betting app that is perfect for cricket betting. They have one of the best apps for cricket betting thanks to the quality of the app, which is quick and responsive and easy to use even for less experienced gamblers. 1XBet also comes with a low minimum deposit, making it easier for players to deposit and play. Melbet Established in 2012, Melbet is newer than some of the other brands that are featured on this list but still should be trusted nevertheless as they are fully licensed. New customers that download and sign-up to this cricket betting app can get their hands on a solid welcome bonus, as well as having access to their various cricket betting markets. Parimatch Parimatch allows its customers to bet on all of the most popular formats of cricket including test matches, T20 and one-day internationals with extremely competitive odds in these markets. Parimatch also has a vast selection of payment methods for their customers to choose from, as well as an extremely easy-to-use app. 22Bet 22Bet is renowned as one of the best online cricket betting apps thanks to the great betting experience provided to its players. They have one of the most in-depth selections of cricket betting markets and the strong selection of payment methods makes it easy to deposit and withdraw money. New customers at 22Bet can also claim a generous welcome bonus. BetWinner First coming into the market in 2018, BetWinner is a new cricket betting app with plenty to admire. Their platform is user-friendly on both iOS and Android devices and has the same functionality as the mobile site. It is easy to find the markets that you are looking for and they have plenty of cricket markets for their customers to choose between. Dafabet The next brand in our list of the top 10 cricket betting apps in India is Dafabet, which covers all major tournaments in cricket on its mobile platform. Users can take advantage of several INR payment options when using Dafabet, which accepts deposits and withdrawals in rupees. There is a real emphasis on cricket betting on this site, which is exactly what cricket bettors will want to see. 10Bet 10Bet is a popular brand for sports bettors in India, not least because of its excellent cricket offering. 10Bet’s mobile app is extremely easy to use and well-presented, allowing customers to place their cricket bets with minimal fuss. It is one of the most aesthetically pleasing cricket betting apps that is featured on this list. Rajabets Last but not least is Rajabets, which also has a cricket betting app in India that can be downloaded by residents. They officially accept Indian players and are a fully licensed and regulated brand, meaning you can put your trust in their services. Rajabets boast a strong selection of cricket betting markets from all across the world and competitive odds within them. How to download a Cricket Betting App If you are interested in downloading cricket betting apps in India onto your mobile device, you can do so in just a few simple steps. For iOS users, head over to the App Store and search for the brand that you are interested in and hit download. It is free to download all of the apps that are listed above. If you have an Android device, you will need to download the APK of your chosen betting site — ensuring that you do so from a verified and safe source, namely the betting site itself. Once you have downloaded the app onto your device, you will then need to create an account. How to create an account Click one of the links above to be taken to the sign-up page of your chosen cricket betting app. The best betting apps for cricket have made it an easy process to create an account online, which starts by entering personal details such as your name, date of birth and address. You will also be required to provide verification of your identity, as well as choosing a username and password that will become your login details. Once your account has been verified, you will then be able to log in using your downloaded cricket betting app, make a deposit and begin betting. How we choose the Best Betting Apps for Cricket When choosing the best online cricket betting apps, there are a number of factors that we look out for. This strict list of criteria must be met and ensures that only the very best cricket betting apps make it through and pass the test. We will look for each of the following factors when assessing the strength of a cricket betting app in India. Range of Cricket Markets First and foremost, we want to see that there is a strong selection of cricket markets for customers to bet on. It is important that the range of markets is diverse, ranging from one-day internationals and T20 matches to five-day test cricket. We want to see the biggest tournaments covered too, such as the ICC World Cup and IPL. The best cricket betting apps will also have a strong choice of markets for single matches, such as top batsman, top bowler and player of the match. Betting Offers & Bonuses Up next is the various betting offers and bonuses that the betting app is offering customers. The first thing we want to see is a strong welcome bonus available to new customers, giving them the opportunity to get settled on the new platform with an impressive bonus to use on top of their initial deposit amount. Further existing customer offers around cricket are another important factor, as these can help retain an interest in a cricket betting app once you have played through the initial bonus. The best betting sites and apps alike will all have a strong selection of betting offers. Security Unfortunately, there are plenty of cricket betting apps in India that aren’t what they appear to be and put users’ information in jeopardy. As such, we have only included fully licensed operators in our list of the best cricket betting apps in India to ensure your safety when placing bets using them. Easy To Use Nobody wants to be searching for an eternity looking for their preferred cricket betting markets and ultimately wasting their time. That is why we have only included brands that have produced easy-to-use betting apps for cricket in particular. As cricket is the biggest sport in India, it is no surprise there is a real emphasis on the sport with each of the available brands listed. App Speed Similar to the above, this relates to the usability and functionality of the cricket betting app itself. Any mobile app user wants to know the platform will be fast and responsive to actions and, in this case, enable you to place your cricket bets in a swift manner. Slow cricket apps have been left by the wayside. Customer Support If you run into any issues or have any questions regarding your cricket betting app, it’s important to know that help is on hand to assist you in any way possible. We like to see a variety of customer support options on offer from any brand, including a live chat service for the quickest response possible. Other customer support options you are likely to see include an FAQs section, email address, telephone number or even help via social media channels. Payment Methods Having a variety of payment methods is essential to ensure easy deposits and withdrawals from your online betting account. In India, one of the most popular is UPI, which is available through many of the listed cricket betting apps above. Other popular payment methods include Netbanking, Paytm, Google Pay, Skrill, PayPal, Neteller and cryptocurrencies like Bitcoin. Popular Cricket Tournaments To Bet On In India It is common for the best cricket betting apps in India to offer customers the opportunity to bet on the biggest and best cricket events throughout the calendar. There are some enormous annual cricket events that draw huge numbers of viewers and, as such, people who want
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-04-02
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $540,364,677,112
- Hash Rate: 346961110.73132545
- Transaction Count: 341622.0
- Unique Addresses: 659613.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.63
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Join the most important conversation in crypto and web3! Secure your seat today
Between Coinbase, Binance, Justin Sun, Do Kwon and Custodia, there has been just so much news over the last week. And that’s largely just the U.S. But Binance is the most interesting, not only for what happened (the Commodity Futures Trading Commission sued it), but also for what didn’t (the Department of Justice hasn’t filed anything). Plus, the CFTC’s Tech Advisory Committee met last Wednesday.
You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government.Click hereto sign up for future editions.
TheU.S. Commodity Futures Trading Commission (CFTC) sued Binance, the exchange’s founder Changpeng Zhao (CZ) and a couple other entities on Monday on charges of failing to register as a “futures commission merchant” while offering unregistered crypto derivatives options to U.S. customers.
The allegations are pretty striking, with details suggesting the company went out of its way to try to bypass U.S. regulations. CFTC Chief Counsel Gretchen Lowe described Binance’s actions as “willful evasion of U.S. law.” These are allegations that have yet to be proven in a court of law.In a statement Monday night, Zhao said the allegations are “an incomplete recitation of facts.”
The question remains: Is this actually a big deal for Binance? I’m going to speculate wildly, so consider this fair warning.
I think the answer is yes. Not for the CFTC charges themselves – the CFTC can impose monetary fines and bar Zhao from being an officer at a futures commission merchant in future but that assumes Zhao has any interest in being an officer to begin with.
The allegations in the CFTC’s complaint have strong implications for criminal and sanctions-related issues.
Some of the claims in the lawsuit, such as allegations that the exchange was aware that people from sanctioned entities such as Hamas, a Palestinian militant group, were trading on the platform but didn’t see it as a big deal, would probably trigger both Department of Justice and the Treasury Department’s Office of Foreign Asset Control laws.
“[Binance’s former Chief Compliance Officer Samuel] Lim explained to a colleague that terrorists usually send ‘small sums’ as ‘large sums constitute money laundering,” the filing said. “Lim’s colleague replied: ‘can barely buy an AK47 with 600 bucks.’ And with regard to certain Binance customers, including customers from Russia, Lim acknowledged in a February 2020 chat: ‘Like come on. They are here for crime.’ Binance’s [money laundering reporting officer] agreed that ‘we see the bad, but we close 2 eyes.’”
The CFTC complaint emphasized that Binance uses U.S. services to operate, pointing to Google Suite, Webex, WeWork and Amazon Web Services as examples.
“Among the services Binance purchases from Amazon Web Services that are provided to Binance in the United States is ‘AWS CloudFront,’ which according to Amazon Web Services is a ‘Global content delivery network,’” the filing said.
We’ve known for a while now that Binanceused AWS servers in Japanafter an outage affected the exchange a few years ago.
The final piece of this puzzle: We can look at how the Department of Justice has gone after companies and websites accused ofdistributing ransomwareor offering “cyberattack-for-hire services” or evenwhatever the heck this was.
In those instances, the U.S. government was able to seize the domains and put up a large banner announcing that. The services themselves were inaccessible to their users.
All this is to say that if the U.S. really thought Binance was a criminal enterprise, it already has the tools it needs to shut down the exchange.
Now to be clear, I’m told there's nothing imminent coming from the Justice Department or Office of Foreign Asset Controls about Binance. But as we’ve seen with Terraform Labs founderDo Kwonand FTX founderSam Bankman-Fried, sometimes the DOJ will have a sealed indictment that it won’t publish until the subject is arrested, and so we may now just be in a holding pattern.
• Do Kwon Arrested in Montenegro: Interior Minister:Do Kwon, creator of the Terra network and UST stablecoin, was arrested in Montenegro last week after he tried to fly out of the country with a falsified passport, Interior Minister Filip Adzic said.
• Do Kwon Now Faces Criminal Fraud Charges From U.S. Prosecutors:After Kwon was arrested in Montenegro, the U.S. Department of Justice unveiled a litany of charges against him.
• Tron Founder Justin Sun Sued by SEC on Securities, Market Manipulation Charges:So true story: I picked someone up from JFK International Airport in New York over the weekend, and on my way out, I saw a large electronic billboard with a Tron ad that featured founder Justin Sun on it. Anyways, he’s facing civil charges from the U.S. Securities and Exchange Commission, alleging he engaged in market manipulation of unregistered securities (TRX and BTT), among other things.
• SEC Warns Coinbase It's Pursuing Enforcement Action Over Securities Violations:Coinbase received a Wells Notice from the SEC, alleging that certain listed tokens, its staking program and other products may all violate federal securities laws.
• Crypto’s Unfulfilled Dreams Get a Tailwind From U.S. Crackdown on Binance, Coinbase:CoinDesk’s Helene Braun took a look at what recent regulatory actions might mean for decentralized exchanges.
• EU Lawmakers to Vote on Limited Ban on Self-Hosted Crypto Payments:European Union lawmakers planned to vote on a possible ban on crypto transfers of more than 1,000 euros ($1,084) from self-hosted wallets, CoinDesk’s Jack Schickler reported. Transfers where the parties’ identities can be verified or between two private individuals would be allowed. Lawmakersvoted in favorof the bill a day later.
• Federal Reserve Says Custodia’s Plans Would Endanger Itself and the Crypto Industry:This was an absolutely rough report from the Federal Reserve Board on why it rejected Custodia Bank’s application for Fed membership.Custodia published a responsea few days later.
Last week, theCFTC’s Technology Advisory Committee met for the first timeunder Commissioner Christy Goldsmith Romero, Chairwoman Carole House and Vice Chairman Ari Redbord.
“We look forward to taking a deep dive on the rapidly growing decentralized-finance (DeFi) ecosystem,” Goldsmith Romero said during her opening remarks. “As regulators and Congress make policy decisions related to DeFi, it is important to have a common foundation and understanding how DeFi works and how decentralized exchanges (DEXs) or other DeFi protocols [work].”
This foundation could be as basic as understanding what the indicators of decentralization are, she added, touching on other issues like the role of artificial intelligence in financial markets, digital identity and possible illicit activities in the digital sector.
The meeting was divided into presentations by various members interspersed by free-flowing discussions about issues surrounding regulatory questions in crypto (and other technology topics like artificial intelligence).
Different perspectives were all given equal weight by the different members of the committee, Goldsmith Romero told CoinDesk after the meeting ended, pointing to one participant who asked questions about the value crypto products brought the financial sector in a room full of crypto executives and researchers.
“People were very willing to contribute,” she said.
House said much of the discussion circled around the concept of accountability, which is at the heart of many of the topics discussed, whether that is privacy or decentralized finance or other issues.
“There has to be accountability, both for the regulated activity … but also for the non-financial activity that occurs,” she said.
Goldsmith Romero expressed a similar view during her opening remarks, saying there is discussion about where accountability rests within a DeFi project, whether it’s the code underpinning a smart contract, the organization responsible for bringing the code into the world, an evolving governance structure or something in between.
The forum saw a nuanced discussion about how different parties could achieve confidence in the technology around digital assets and other issues while still ensuring compliance with the law, Goldsmith Romero said after the meeting ended. “I’m glad to have that in this forum.”
There was much ado made the other week about New York Community Bancorp’s (NYCB)Flagstar Bank acquiring Signature Bank’s non-crypto depositslast Monday, leaving about $4 billion worth of deposits in the lurch. Coming on the heels ofa Reuters reportthat the Federal Deposit Insurance Corp. (FDIC) would force any potential buyer of Signature to give up the crypto business (a report the FDIC denied), there was a growing wave of opinion that this was further evidence that bank regulators were trying to actively boot crypto off the banking system. As always, though, it’s possible things are a bit less conspiratorial than the public narrative seems.
Joshua Ashley Klayman, head of blockchain and digital assets at law firm Linklaters, pointed to2021 guidance from the Office of the Comptroller of the Currency(OCC), one of the federal bank regulators, that told banks that they need permission before they can get into crypto-related activities. The regulator has already barred one new conditional bank from engaging with cryptowhen it approved SoFi in 2022, she said.
“It shouldn’t be a surprise that, as any bidding bank presumably would need OCC approval, that, if they didn’t already have OCC approval to engage in digital asset activities, they weren’t reasonably going to be able to obtain it over a weekend, even if they wanted to start doing crypto,” Klayman said.
TheOCC indeed published a notice signing off on the Flagstar acquisition.
Klayman noted that “we don’t know if Flagstar even wanted to have a crypto business, or if it even had the capability to support one...
- Reddit Posts (Sample): [['u/Socialinfluencing', "The sentiment is extremely bullish right now, and it doesn't feel wrong.", 69, '2023-04-02 00:27', 'https://www.reddit.com/r/CryptoCurrency/comments/129110k/the_sentiment_is_extremely_bullish_right_now_and/', "Right now Btc has shattered every bearish prediction to date, banks have failed, some even linked to crypto. The largest crypto exchange is being accused of some pretty serious criminal behaviour and Btc? Up. So far the crypto market seems to have absorbed all the worst news, hell even FTX feels like just some bad dream from long ago.\n\nInterest rates are sky high, historically speaking. Yet, what are we seeing? People always laugh at ' this time is different ' well this time is. Btc has never had to face interest rates this high, yet it's on a recovery path thus far. That's taking everything else into account. Then the US regulatory push, at this stage it feels like Btc and the market is undefeatable long term.\n\nIn the past, negative news of this magnitude and this much of it would have tanked the market. But it genuinely seems like average people are starting to believe in the space. The space seems to be looking forward rather than going purely off speculation which is the first signs of maturation in an asset class, it may take some time but Btc is defying all expectations currently.", 'https://www.reddit.com/r/CryptoCurrency/comments/129110k/the_sentiment_is_extremely_bullish_right_now_and/', '129110k', [['u/Mr_Bob_Ferguson', 11, '2023-04-02 00:33', 'https://www.reddit.com/r/CryptoCurrency/comments/129110k/the_sentiment_is_extremely_bullish_right_now_and/jelbf6d/', '>and it doesn\'t feel wrong\n\nOther than the macro economy being completely fucked.\n\nMaybe I am just more skeptical than others, as my belief is that we need to have a good macro in order for crypto (or anything) to go on a true extended bull run (rather than a short/medium term pump and then see things crash down again by 70% from ATH).\n\nPeople need disposable income in order to invest. People are hurting right now.\n\nI\'m talking more in terms of "long term strength", rather than a short/medium term run though.', '129110k'], ['u/Jocogui', 11, '2023-04-02 00:35', 'https://www.reddit.com/r/CryptoCurrency/comments/129110k/the_sentiment_is_extremely_bullish_right_now_and/jelbnzx/', "You're not being skeptical but careful instead", '129110k'], ['u/Elie0_0', 14, '2023-04-02 00:35', 'https://www.reddit.com/r/CryptoCurrency/comments/129110k/the_sentiment_is_extremely_bullish_right_now_and/jelbr56/', 'This time it will surely hit $100K', '129110k'], ['u/fan_of_hakiksexydays', 74, '2023-04-02 00:39', 'https://www.reddit.com/r/CryptoCurrency/comments/129110k/the_sentiment_is_extremely_bullish_right_now_and/jelc5n0/', 'Sentiment is "extremely" bullish? Are you serious? Or did they run out of comedy tags because of April fools?\n\nEveryone keeps talking about recession, 2008 2.0, more banks collapsing.\n\nCrypto is back to FUD mode with regulation and the SEC going after Binance.\n\nBitcoin has been stuck around $28K. Greed index has dropped back from 64 to 61, on the edge of neutral. So we\'re a long way from being in FOMO mode, or even any thing very bullish in crypto\'s standards.\n\n​\n\nHowever, apart from that statement that doesn\'t seem to have taker an accurate measurement of the sentiments, I do agree that Bitcoin is not only resilient, but has had an impressive run considering all the headwind.\n\nMore importantly, showing to do well while banks are collapsing.', '129110k'], ['u/BlackSky2129', 27, '2023-04-02 02:15', 'https://www.reddit.com/r/CryptoCurrency/comments/129110k/the_sentiment_is_extremely_bullish_right_now_and/jelo72o/', '> stuck around $28k \n\nIt jump from 19k to 28k in a week and is consolidating lmao', '129110k'], ['u/Psilodelic', 19, '2023-04-02 02:52', 'https://www.reddit.com/r/CryptoCurrency/comments/129110k/the_sentiment_is_extremely_bullish_right_now_and/jelsu2z/', 'Bitcoin is up 70% on the year and people are still wondering when the bear market is over.', '129110k'], ['u/BlackSky2129', 18, '2023-04-02 03:00', 'https://www.reddit.com/r/CryptoCurrency/comments/129110k/the_sentiment_is_extremely_bullish_right_now_and/jelts7l/', 'Those people bought at 50k, sold at 17k and are waiting for the “bottom” to buy back in', '129110k'], ['u/IamKingBeagle', 15, '2023-04-02 03:13', 'https://www.reddit.com/r/CryptoCurrency/comments/129110k/the_sentiment_is_extremely_bullish_right_now_and/jelve3h/', 'I feel personally attacked and need a safe space.', '129110k']]], ['u/SharkStreet13', 'Amp no longer serving as the exclusive collateral currency is potentially awesome.', 31, '2023-04-02 00:55', 'https://www.reddit.com/r/AMPToken/comments/1291s4w/amp_no_longer_serving_as_the_exclusive_collateral/', 'It’s taken me about two weeks to digest the Ampera Foundation launch. I think the most controversial concept that was introduced was that Amp will no longer be the sole coin to be used as collateral (it was already serving as a governance coin).\n\nVery simply, as long as Amp is the only coin used for rewards for collateralizing, it will be a bonanza for Amp holders. Once the new protocol is active, many currencies will be deployed as collateral. This project will provide new functionality to many other communities who will then earn Amp rewards for staking their crypto of choice. Tyler candles on steroids. \n\nYes, I am fully assuming that Amp will be the ONLY reward for staking on the new protocol, and I guarantee that I’m right. It only makes sense that if you’re deploying your Bitcoin for collateral that you would earn Amp so that you could participate in the governance of the platform.', 'https://www.reddit.com/r/AMPToken/comments/1291s4w/amp_no_longer_serving_as_the_exclusive_collateral/', '1291s4w', [['u/escap0', 19, '2023-04-02 02:39', 'https://www.reddit.com/r/AMPToken/comments/1291s4w/amp_no_longer_serving_as_the_exclusive_collateral/jelr8xb/', 'That is the hope. But nothing has been announced. Nothing has been hinted at or implied.', '1291s4w'], ['u/alslaja', 15, '2023-04-02 08:05', 'https://www.reddit.com/r/AMPToken/comments/1291s4w/amp_no_longer_serving_as_the_exclusive_collateral/jemq03w/', 'I’ve waited 2 years already. Another 2 years? Why not?', '1291s4w'], ['u/gravityhashira61', 10, '2023-04-02 15:46', 'https://www.reddit.com/r/AMPToken/comments/1291s4w/amp_no_longer_serving_as_the_exclusive_collateral/jenr02z/', "All i know is that if AMP is going to become a governance token mainly then we do not need 100 billion tokens/ coins in circulation. That's WAY too many and we will never get any price appreciation with that number. There would have to be a massive token burn at some point to get the number down to a more reasonable number like Uniswap's or Compound's, which are also governance tokens. And supposedly Tyler is very close with the founder of Compound and they share ideas a lot. So i can see some similarities there, but we do not need 100 billion tokens in circulation if we will be stritcly governance. \n\nLook at the market caps/ token numbers of Sushi, Uniswap and Compound and you will see. \n\nOverall, I'm still very dissapointed from the AMA in that we are moving away from our original vision to disrupt the legacy payments and credit card space where AMP would collateralize any transacation from any merchant with any wallet. \n\nNow, we have been relegated to a boring asf governance token. \n\nBLAH......this is not what i signed up for.", '1291s4w'], ['u/TheAdviceDude', 13, '2023-04-02 17:12', 'https://www.reddit.com/r/AMPToken/comments/1291s4w/amp_no_longer_serving_as_the_exclusive_collateral/jeo23il/', 'One of the main issues with this project is the "soon"s never convert to real things, they just keep talking about other "soon"s to focus on.\n\n- new countries - soon\n- new merchants - soon\n- wallets - soon\n- stake-in-place - soon\n- shopify - soon\n- banking apps - soon\n- loyalty programs - soon\n- baseball stadium - soon\n- flipping the switch - soon\n- sdk - soon\n- identity kit - soon\n- spend kit - soon\n- scan kit - soon\n- ampera white paper - soon\n- ampera test net - soon\n- ampera website - soon\n- ampera protocol - soon\n\nthere\'s many other soons if people want to keep tagging on...\n\nbut hey, "just zoom out", amirite?', '1291s4w']]], ['u/Synthia_of_Kaztropol', "Let's go dancing at Totentanz !", 425, '2023-04-02 01:13', 'https://www.reddit.com/r/LowSodiumCyberpunk/comments/12929pd/lets_go_dancing_at_totentanz/', "Totentanz is totally the best club in Night City ! \n\n\nIt has such friendly staff ! \n\n\n[Why yes, I do work out. Thanks for noticing, choom.](https://preview.redd.it/mxh3ip5sscra1.png?width=551&format=png&auto=webp&v=enabled&s=cc3def4967db7b0f696356492356a00be244e91b)\n\nThey have valet parking too ! \n \n\n[Free detailing is part of the valet parking service at Totentanz](https://preview.redd.it/ihlx2jibucra1.png?width=1233&format=png&auto=webp&v=enabled&s=fd44c549a4a1cc8b5b51fbbc7aae9545e0261f12)\n\n \nAnd interesting clientele to talk to !\n\n​\n\n[Just a perfectly normal conversation about the latest fashions in clubwear](https://preview.redd.it/dnthfd5btcra1.png?width=571&format=png&auto=webp&v=enabled&s=350483a7deeb9eba0483e1eba94844b9597aeb79)\n\nThere's never a long line for the restrooms \n\n\n[No problem of uncleaned urinals at Totentanz](https://preview.redd.it/1cpuz8yxtcra1.png?width=789&format=png&auto=webp&v=enabled&s=3a99e1b9c58cb2e3ef40439ee5a571f57bcb4623)\n\nDefinitely one of the most memorable nightclubs in all of Night City !", 'https://www.reddit.com/r/LowSodiumCyberpunk/comments/12929pd/lets_go_dancing_at_totentanz/', '12929pd', [['u/walkeroflonelyroads', 79, '2023-04-02 01:36', 'https://www.reddit.com/r/LowSodiumCyberpunk/comments/12929pd/lets_go_dancing_at_totentanz/jeljffl/', 'A nice chuckle to start the day off. Thanks for this!', '12929pd'], ['u/asheepleperson', 41, '2023-04-02 02:31...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: What turmoil? Bitcoin holds its perch above $28K. Other major cryptos mostly fall in weekend trading. Insights: Decentralized-focused tokens soared during the quarter. Their gains came as U.S. regulators zeroed in on centralized exchanges. Prices CoinDesk Market Index (CMI) 1,208 −13.8 ▼ 1.1% Bitcoin (BTC) $28,045 −377.2 ▼ 1.3% Ethereum (ETH) $1,788 −28.9 ▼ 1.6% S&P 500 4,109.31 +58.5 ▲ 1.4% Gold $1,979 +9.6 ▲ 0.5% Nikkei 225 28,041.48 +258.5 ▲ 0.9% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin Investors Continue Their Watchful Waiting Will April bring showers or more sunshine for bitcoin? The weekend offered few clues as the largest cryptocurrency by market capitalization kicked off the new month holding at late March levels as investors weighed recent events – bank failures, inflation and crypto-focused regulatory actions – that could push prices higher or drag them down. BTC was recently trading at $28,045, down 1.3% over the past 24 hours. It rose roughly 21% in March, despite a turbulent last two weeks in which markets teetered at times but always seemed to snap back above the $28,000 threshold. "Bitcoin has remained resilient over the last week or so, resulting in a general improvement in market sentiment," Joe DiPasquale, CEO of crypto asset manager BitBull Capital, wrote in an email to CoinDesk. DiPasquale noted that bitcoin was trading above its 200-day moving average, "historically a strong indicator of bullish price action." But he also reflected uncertainty about BTC\'s path forward, calling "the $32K to $36K range ... an area of interest on the upside while $18K to $20K ... a strong range on the downside." Ether was also slightly up from the previous day to change hands at $1,788, down 1.6% but well within its range of the past two weeks. Ethereum developers now await the Shanghai upgrade, which is scheduled to occur April 12 and will mark Ethereum’s full transition to a proof-of-stake (PoS) network, enabling staked ETH withdrawals. Other cryptos in the top 25 by market value were largely in the red. Story continues ARB, the token of layer 2 blockchain Arbitrum, recently fell 7.4% to trade at $1.19. The decline came amid an uproar in the Arbitrum community over how the Arbitrum Foundation – a centralized company charged with promoting Arbitrum\'s claimed decentralized ecosystem – held a "ratification" vote over decisions it had already implemented, including sending nearly $1 billion in tokens to itself. On Sunday, the foundation said would break up its controversial governance package into a series of separate votes, bending to community pressure. Popular meme coins DOGE and SHIB were recently off 5.5% and 4.8%, respectively. The CoinDesk Market Index , a measure of crypto markets overall performance was recently down 1.2%. Equity markets closed an eventful, largely upbeat first quarter on a high with the tech-focused Nasdaq climbing 1.7% and the S&P 500 and the Dow Jones Industrial Average (DJIA) rising 1.2% and 1.4%, respectively. This week, investors will have a fresh set of employment and productivity data to gauge whether the U.S. economy is continuing to contract as recent signs have suggested or powering forward. The U.S. Census Bureau will release February durable goods orders on Tuesday, with expectations for a 1% month-over-month decline, and on Friday the U.S. Labor Department will announce March\'s nonfarm payrolls, with expectations for a 225,000-job spike, and the monthly unemployment rate, which is expected to remain at its current 3.6%. A hot jobs market has figured prominently in central bankers\' contemplations about the ongoing strength of the economy, which historically leads to higher inflation readings. In an interview with CoinDesk TV, Marc Chandler, Bannockburn Global Forex managing director and chief market strategist, said that "the financial stress that we saw earlier this month is receding." "This is allowing the market to focus on two things, which was before the banking stress," he said, adding a note of caution. "One is that the labor market remains fairly robust. And inflation is too high for the Federal Reserve." Biggest Gainers Asset Ticker Returns DACS Sector XRP XRP +3.0% Currency Decentraland MANA +1.9% Entertainment Biggest Losers Asset Ticker Returns DACS Sector Dogecoin DOGE −6.6% Currency Loopring LRC −6.3% Smart Contract Platform Shiba Inu SHIB −5.4% Currency Insights A Banner Quarter for Decentralized-Focused Tokens A growing fear that centralized crypto infrastructure will be the target of U.S. regulators has driven tokens that provide decentralized alternatives to be some of the best performers this past quarter. (CoinMarketCap) CoinMarketCap data shows that tokens for protocols LidoDAO (LDO), dYdX (DYDX), and GMX (GMX) were some of the best performers over the last 90 days. LDO surged in February when the Securities and Exchange Commission (SEC) ordered Kraken to shut down its staking service and continued to rally when Coinbase’s CEO Brian Armstrong said a blanket staking ban was coming alongside a securities classification – a scarlet letter for any sort of crypto with U.S. exposure. As for DYDX and GMX, the demise of FTX gave the market a renewed interest in decentralized derivatives exchanges. “FTX and [sister company] Alameda, as far as we know, were incredibly centralized, controlled by a single person. These things metastasize because of human error,” Dan Gunsberg, creator of Solana-based derivatives exchange Hxro, said to CoinDesk in December. Like staking, there’s also significant regulatory interest in derivatives. Binance was recently sued by the U.S. Commodity Futures Trading Commission (CFTC) and its derivatives trading desk was front-and-center in the suit. Traders are looking for decentralized alternatives, which they feel are beyond the big-guns of American regulators and outside the crypto war conflict zone. But decentralized derivative exchanges also have their problems too. As CoinDesk recently reported , many are struggling with liquidity and a lack of available open interest means that they cannot sustain big orders. While not all decentralized derivative exchanges suffer from this problem, it does cast some doubt on how well the idea scales. While decentralization was a theme for the quarter’s best performers, the actual token that took first place was Conflux (CFX), up a whopping 1,622%, according to CoinMarketCap data . It’s not entirely clear what’s driving such an outsized gain. Sure, Conflux’s Blockchain SIM card has attracted some interest from investors, but right now its all theoretical and still in a trial phase. On-chain data shows that the number of transactions on the CFX chain are lower than what they were a year ago. But, this is crypto. And sometimes there’s not discernable data behind a token that pumps. Important events 9:00 a.m. HKT/SGT(1:00 UTC) Australia TD Securities Inflation (YoY/March) 3:55 p.m. HKT/SGT(7:55 UTC) Germany S&P Global/BME Manufacturing PMI (March) 10:00 p.m. HKT/SGT(14:00 UTC) United States ISM Manufacturing PMI (March) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Slips as Fed\'s Preferred Inflation Gauge Rose 0.3% in February; What\'s Next for Binance? Bitcoin (BTC) was hovering around $28,000 as the PCE price index increased 0.3 percent in February. Bannockburn Global Forex chief market strategist Marc Chandler shared his crypto markets analysis. Plus, DappRadar head of research and analytics Pedro Herrera discussed decentralized finance\'s performance and the rise of interest in Arbitrum in the first quarter. Headlines Arbitrum’s First Governance Proposal Turns Messy With $1B ARB Tokens at Stake : The Arbitrum Foundation would get to side-step community governance when issuing “special grants.” Over 7,000 Players Successfully Converged in Yuga Labs\' Otherside Metaverse \'Second Trip\' : Thousands of non-fungible token holders joined the gamified experience last weekend, showing glimpses of what’s to come from the virtual world launching later this year. TUSD Stablecoin Daily Trading Volume Surpasses $1B After Binance Boost : The surge follows Binance’s decision a week ago to eliminate the zero-fee trading discount on the platform except for the BTC-TUSD pair. Investors Pour Money Into Crypto Investments for 4th Straight Month : Assets under management for digital-asset products climbed to $13.4 billion in March, up 60% from their 2022 low in November, according to CryptoCompare. U.S. Government Sold $216M of Seized Silk Road Bitcoin This Month : The government will sell the remaining 41,490 BTC in four tranches this year.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:What turmoil? Bitcoin holds its perch above $28K. Other major cryptos mostly fall in weekend trading.\nInsights:Decentralized-focused tokens soared during the quarter. Their gains came as U.S. regulators zeroed in on centralized exchanges.\nCoinDesk Market Index (CMI)\n1,208\n−13.8▼1.1%\nBitcoin (BTC)\n$28,045\n−377.2▼1.3%\nEthereum (ETH)\n$1,788\n−28.9▼1.6%\nS&P 500\n4,109.31\n+58.5▲1.4%\nGold\n$1,979\n+9.6▲0.5%\nNikkei 225\n28,041.48\n+258.5▲0.9%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nBitcoin Investors Continue Their Watchful Waiting\nWill April bring showers or more sunshine for bitcoin?\nThe weekend offered few clues as the largest cryptocurrency by market capitalization kicked off the new month holding at late March levels as investors weighed recent events – bank failures, inflation and crypto-focused regulatory actions – that could push prices higher or drag them down.\nBTC was recently trading at $28,045, down 1.3% over the past 24 hours. Itrose roughly 21%in March, despite a turbulent
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-04-03
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $541,178,766,800
- Hash Rate: 305046345.6765345
- Transaction Count: 332870.0
- Unique Addresses: 681747.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.63
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Investors are feeling more optimistic about the digital asset market now and are plugging more cash into crypto funds than previously, according to a Monday report. CoinShares said Monday that inflows of $76 million last week flowed into funds—the fourth consecutive week of such movements. The money is flowing into funds such as Grayscale, 3iQ, and 21 Shares—products available to accredited investors. This is different to the end of last year and the start of 2023, when investors were pulling money out of exchange-traded products and similar crypto investment vehicles, mainly down to a brutal bear market compounded by the collapse of exchange FTX in November. CoinShares now says that there has been a “divisive change in investor sentiment from the beginning of 2023.” Total investment assets under management are up 39% from this time last year and now stand at $30.3 billion—the highest August 2022. The firm added in its report that investors are mostly eyeing up the biggest digital asset: “Bitcoin continues to be the primary investor focus, with inflows totalling US$69m, representing 90% of the total flows for the week,” CoinShares said. 3/ Total investment assets under management (AuM) have risen 39% year-to-date and are now US$30.3bn, the highest since mid-August 2022. pic.twitter.com/Gx4yMauFZh — CoinShares (@CoinSharesCo) February 6, 2023 Head of Research at CoinShares James Butterfill told Decrypt that “the softening monetary policy stance from the U.S. and the weakening dollar are the main reasons for the improving sentiment.” The U.S. Federal Reserve aggressively upped interest rates last year to get 40-year-high inflation under control. It’s still raising interest rates—but the central bank has eased up in its approach. Last year, the Fed hiked interest rates by 75 basis points four times; in December, the central bank raised rates by only 50 basis points, and then again by 25 basis points just last week. Story continues Wealthy Investors Still Feel Glum About Crypto—But Not XRP Traders are now eagerly awaiting to see if Federal Reserve Chairman Jerome Powell will give anything away about the bank’s next moves when he speaks at the Economic Club of Washington, D.C. tomorrow. U.S. equities are down today, and Bitcoin and crypto have followed: the largest digital asset by market cap is right now trading for $23,000, according to CoinGecko—a 0.3% 24-hour drop....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin seesaws and then stays below $28K; DOGE soars to its highest levels since December, while other cryptos are mixed. Insights: Will Indonesia\'s CBDC offer an alternative to Visa and Mastercard? Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. And sign up for First Mover , our daily newsletter putting the latest moves in crypto markets in context. Prices CoinDesk Market Index (CMI) 1,205 −1.4 ▼ 0.1% Bitcoin (BTC) $27,804 −191.6 ▼ 0.7% Ethereum (ETH) $1,810 +24.9 ▲ 1.4% S&P 500 4,124.51 +15.2 ▲ 0.4% Gold $1,999 +29.8 ▲ 1.5% Nikkei 225 28,188.15 +146.7 ▲ 0.5% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Bitcoin\'s Seesawing Day On a day of unverified rumors and soaring DOGE, bitcoin couldn\'t decide if it liked the air above $28,000 or below. The largest cryptocurrency by market capitalization was recently trading at about $27,680, down slightly more than a percentage point over the past 24 hours as investors did what they have done regularly for much of the past few months: make sense of disparate, sometimes unflattering but always interesting information. BTC spent Monday\'s first few hours (UTC) lingering below $28,000 before rising above the threshold through much of the midday and then tumbling again. BTC has clung tenaciously to handholds around this level since mid March despite a near banking meltdown that engulfed two crypto-friendly banks, and amid generally more favorable conditions for digital assets. "The current situation for bitcoin is pretty positive, that\'s the reality on the ground," crypto trader and author Glen Goodman told CoinDesk TV\'s "First Mover" program. Goodman noted that the "injection of new money into the economy" as a backstop by a "panicking" U.S. Federal Reserve to address the banking crisis boosted investor liquidity for certain stocks and cryptos. "People are feeling brave enough now with this new liquidity to get back into what they consider big, profitable companies like Microsoft, like Apple and likewise, in the crypto market, they\'re going for what are considered the safer cryptos, which are bitcoin and [ether]." Story continues Ether was recently trading just over $1,800, up slightly from a day earlier after seesawing above and below this level. Other major cryptos were mixed. Popular meme coin DOGE was an exception to the more modest price shifts as it rose more than 35% to top 10 cents for the first time since December after Elon Musk\'s Twitter replaced the social-media platform\'s familiar blue bird atop its homepage with the cryptocurrency\'s iconic Shiba Inu dog logo (DOGE was recently up 25%). Musk has been an outspoken DOGE advocate, suggesting the meme coin may offer better payments functionality than bitcoin. Meanwhile, crypto markets were mulling an unverified rumor that an Interpol Red Notice had been issued for the Binance cryptocurrency exchange\'s founder and CEO, Changpeng “CZ” Zhao. “A Red Notice is a request to law enforcement worldwide to locate and provisionally arrest a person pending extradition, surrender, or similar legal action,” according to the Interpol website . Neither Binance nor Interpol responded to a CoinDesk request for comment, although The Block reported the exchange had denied the rumor in an email to the publication. Binance\'s BNB token was recently down 0.3%. The CoinDesk Market Index , a measure of crypto markets overall performance, fell 0.6%. U.S. equity indexes were mixed, with the tech-heavy Nasdaq inching down but the S&P 500 and Dow Jones Industrial Average (DJIA) rising – all by a few fractions of a percentage point. In early trading in Asian markets, the Hang Seng fell 0.6% but the Nikkei was up 0.3%. In a separate interview with CoinDesk TV\'s "First Mover" program, Coinbase Head of Institutional Research David Duong noted that OPEC\'s unexpected decision to cut oil production could send inflation higher again, spurring investor interest in bitcoin because of the crypto\'s ability to hold value. "What we\'ve seen from OPEC definitely increases the chances that inflation could actually somewhat spark higher and therefore presents a macro opportunity for bitcoin as well," Duong said. "We\'ve already seen to some extent that bitcoin has been acting as an alternative to the traditional financial system, given what happened with SVB [Silicon Valley Bank] and the turmoil in the banking system." Biggest Gainers Asset Ticker Returns DACS Sector Dogecoin DOGE +25.7% Currency Shiba Inu SHIB +5.8% Currency Polkadot DOT +3.0% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector XRP XRP −5.9% Currency Decentraland MANA −1.7% Entertainment Avalanche AVAX −0.6% Smart Contract Platform Insights Is Indonesia\'s CBDC Ready for a More Prominent Role? American credit card companies have significant control over the world’s commerce pipelines. Indonesia, with tourism playing a significant role in the economy, wants to change that. Earlier this month, the country’s president, Joko Widodo, better known as Jokowi ( many Indonesians only have one name ), said he wants the country to lessen its reliance on Visa and Mastercard in the name of national security. Indonesia is one of the few countries that declined to sanction Russia for its invasion of Ukraine. Between arms and oil sales , Jokowi has faced difficult choices in navigating relationships with both Russia and the United States, particularly as he must address the need to buy more oil to offset a staggering jump in energy costs as well as an American desire to ally countries in the region together to contain China. Tourist hotspot Bali, a favorite destination for Russian winter tourists, is feeling the economic pinch of the war despite being tens of thousands of kilometers away from the conflict zone. “Many Russian tourists who were visiting Bali could not pay for hotels and had to be kicked out of hotels because their credit cards could not be used," Erwin Haryono, executive director of communications at Bank Indonesia, said to CNBC Indonesia in March. Sanctions that Indonesia isn’t a party to prevent Visa and Mastercard from helping settle payments between Russian banks and Indonesian hotels, although the transaction wasn’t in U.S. dollars. “We have to remember the sanctions from the U.S. to Russia, Visa and Mastercard could be a problem," Jokowi said at the opening of the Business Matching of Domestic Products, as cited by CNN Indonesia. Financial sovereignty In response, the government has highlighted some domestic alternatives to being completely reliant on foreign payment rails. Jokowi wants Indonesia to be able to issue financial services such as credit cards independently, and has encouraged local and central governments to promote the use of the Domestic Government Credit Card (Kartu Kredit Pemerintah Domestik) and international Quick Response Code Indonesian Standard (QRIS). The Domestic Government Credit Card and the International Standard of Indonesian Quick Response Code system were developed by Bank Indonesia under the coordination of Coordinating Minister for Maritime Affairs Luhut Binsar Pandjaitan. These Domestic Government Credit Card and Indonesian QR code systems are just payment rails, which could process a CBDC like the digital rupiah just as easily as any other fiat-issued currency. Mir knocked out of orbit Indonesia isn’t the first country to try to claim some financial sovereignty from Visa and Mastercard’s payment rails. Russia, at the center of U.S. sanctions, has tried to market its homegrown credit card competitor, Mir (named after the space station), as an alternative to Visa and Mastercard. But as Bloomberg reported last year, even countries that are friendly to Moscow are wary about allowing their banks to process and settle transactions from the card because of the threat of retaliatory sanctions from the U.S. Turkey, another popular tourist destination for Russians, but also a NATO member, stopped accepting the card in the middle of 2022. Vietnam, which is seeking to upgrade its relations with the U.S. to counter an aggressive China, had its banks abandon relationships with Mir. Thailand is also out. Mir is still used in Belarus, Cuba, Egypt, Kazakhstan, Kyrgyzstan, Tajikistan, Venezuela, and perhaps Iran. Indonesia\'s ambassador to Moscow said in January that it was still “considering” the question. Mir’s failure might give Indonesia a chance to promote its payment networks around ASEAN. Governments and central banks globally, even in countries neutral on the Ukraine war, were no doubt nervous about aligning with Russia – but Indonesia doesn’t have that political baggage. Important events Chainalysis Links Conference 12:30 p.m. HKT/SGT(4:30 a.m. UTC): Reserve Bank of Australia interest rate decision and statement 5 p.m. HKT/SGT(9 a.m. UTC): Eurostat producer price index (Feb/MoM/YoY) CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Bitcoin Testing the $30K Mark; Coinbase Says U.S. Banking System Turmoil Spurs Bitcoin Outperformance Bitcoin (BTC) has been testing the $30,000 mark, trading between $27,500 and $28,900 over the weekend. "First Mover" dove into markets with "The Crypto Trader" author Glen Goodman. Meanwhile, crypto markets have displayed resilience in the face of the recent upheaval in the U.S. banking system, with bitcoin in particular outperforming, according to Coinbase. Coinbase Institutional Head of Research David Duong weighed in. Polygon co-founder Sandeep Nailwal and Policy 4.0 CEO and founder Tanvi Ratna also joined the conversation. Headlines Bitcoin, BNB Drop on Unverified Rumor Binance\'s CEO Faces Interpol Red Notice: Binance and its CEO were sued last week by the U.S. Commodity Futures Trading Commission over “willful evasion” of U.S. laws. Cr
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-04-04
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $546,092,333,862
- Hash Rate: 377232885.4931189
- Transaction Count: 421130.0
- Unique Addresses: 809319.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.62
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Join the most important conversation in crypto and web3! Secure your seat today
Crypto conglomerate Digital Currency Group (DCG) and its bankrupt Genesis subsidiaries reached an in-principle agreement on terms of a restructuring plan with a group of the firm’s main creditors, according to a person familiar with the situation.
The agreement, which begins to resolve some of the major issues that sent Genesis into Chapter 11 bankruptcy protection, entails winding down the Genesis loan book as well as the sale of the bankrupt Genesis entities, the person said.
The term sheet also involves refinancing the outstanding loans where DCG borrowed $500 million in cash and about $100 million worth of bitcoin (BTC) from Genesis, the person said. Included is “an equitization of the infamous 10-year promissory note that DCG gave Genesis in return for failed hedge fund 3AC claims,” the person said, without providing details of the process. The promissory note was for $1.1 billion to Three Arrows Capital (3AC), a crypto hedge fund that collapsed last year.
The creditor group has been negotiating on behalf of companies and individuals with claims of around $2.4 billion against the crypto lender. The group is represented by law firms Proskauer and Kirkland as well as restructuring banker Houlihan Lokey.
The proposed deal will now be offered to other creditors, including hundreds of thousands of customers of the Gemini Earn lending product, the person said.
The lending arm of Genesishalted withdrawalson Nov. 16, 2022, in the wake ofcrypto exchange FTX’s collapse earlier that month. Last month, Genesis‘ lending businessesfiled for bankruptcy protectionin New York.
On Jan. 23, Genesis’ lawyerstoldJudge Sean H. Lane of the U.S. Bankruptcy Court for the Southern District of New York at a hearing they foresaw reaching a deal with creditors by the end of that week.
Genesis declined to comment. DCG didn't respond to requests for comment by press time.
DCG is also the parent company of CoinDesk.
Read more:Genesis’ Crypto Trading Arm Is Moving Money Around, a Sign of Normality Amid Sibling’s Bankruptcy
CORRECTION (Feb. 6, 2023 17:55 UTC): The Genesis bankruptcy filing was Jan. 20, not last week....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
| |
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Dogecoin dropped into the red late Tuesday, while bitcoin and ether rose solidly as crypto markets absorbed the latest jobs report.\nInsights:Jason Pagoulatos tied Binance\'s loss of market share largely to growing entanglements with regulators. He also opined about bitcoin\'s path forward.\nCoinDesk Market Index (CMI)\n1,241\n+37.1▲3.1%\nBitcoin (BTC)\n$28,594\n+751.3▲2.7%\nEthereum (ETH)\n$1,910\n+98.6▲5.4%\nS&P 500\n4,100.60\n−23.9▼0.6%\nGold\n$2,022\n−0.2▼0.0%\nNikkei 225\n28,287.42\n+99.3▲0.4%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nA Bitcoin Rally Past $28.5K\nDOGE was down and so were jobs. But bitcoin wasn\'t.\nThe largest cryptocurrency by market value was recently trading at $28,622, up 2.6% as investors contemplated a welcome dip in the heated job market but also remained cautious about the future after weeks of banking uncertainty.\nTrading and volatility were light. On Monday, BTC had tumbled below the $28,000 threshold it has largely surpassed over the past two weeks after a rumor spread that Binance CEO Changpeng Zhao faced an international law enforcement request to detain him. (Binancedenied the rumorin an email to The Block.)\n"Bitcoin is hovering around the high end of its recent range as crypto traders await to see how it will benefit from the current banking crisis," said Edward Moya of Oanda, although he also noted that "the bitcoin bear case" was growing.\nEther (ETH) spent the day outperforming BTC and was changing hands above $1,900 for the first time since August. The second-largest crypto by market value was up 5.5% from Monday, at the same time.\nOther major cryptos were largely in the green, albeit lighter shades. MATIC, the token of layer 2 platform Polygon, and SOL, the token of the Solana blockchain, recently jumped 5.2% and 3.8%, respectively. Popular meme coin DOGE dropped 0.7%. The decline came a day after it climbed dramatically as Elon Musk\'s Twitter replaced the social-media platform\'s familiar blue bird logo atop its homepage with the cryptocurrency\'s iconic Shiba Inu dog. DOGE is up 21% from the start of the week.\nTheCoinDesk Market Index, a measure of crypto markets\' overall performance, was recently up more than 3%.\nU.S. equity markets fell slightly with the tech-focused Nasdaq and S&P 500 both closing down about a half-percentage point. But gold – the traditional, safe-haven asset – soared above $2,000, reaching its highest level since last March after a U.S. Labor Department\'s Job Openings and Labor Turnover Survey (JOLTS) report showed job vacancies falling below 10 million for the first time in almost two years, and a day after another report showed durable goods orders waning. The signs of economic decline coupled with ongoing inflation concerns have created a favorable backdrop for more conservative assets that historically hold their value through good times and bad.\n"A weakening economy continues to drive safe-haven flows towards gold," Oanda\'s Moya wrote. "The JOLTS report supported the view that the economy is steadily weakening its way towards a recession."\nHe added that investors should monitor bitcoin\'s price near the end of a Good Friday-shortened working week, and the U.S. Labor Department releases nonfarm payrolls (NFP) figures. "Bitcoin has had a key price barrier at the $30,000 level and if Friday’s NFP report shocks to the downside, we could see high-frequency trading systems and algos try to take advantage of any momentum opportunities," Moya wrote.\n[{"Asset": "Ethereum", "Ticker": "ETH", "Returns": "+5.5%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+5.3%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "+5.3%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "\\u22120.7%", "DACS Sector": "Currency"}]\nJason Pagoulatos Talks Binance and Bitcoin\nEven the giant among crypto exchanges, Binance, can\'t outrun bad news, the head of markets for crypto research firm Delphi Digital told CoinDesk TV in an interview Tuesday.\nJason Pagoulatos tied Binance\'s dramatic loss of market share over the past two weeks to its recent regulatory entanglements in the U.S. and beyond.\n"I would definitely say a pretty big contributor to the decline in market share you\'ve had these rumors of Binance being in trouble with global regulators," Pagoulatos said.\nBinance remains the top exchange for trading volume, but its market share has tumbled from about 70% to 54% since the final weeks of March. To be sure, the plungehas comeas the exchangehalted its no-fee tradingpromotion for 13 bitcoin spot trading pairs. Binance witnessed its lowest bitcoin (BTC) trading volume since July 2022 on March 27.\nBut the exchange has also lost ground after the U.S. Commodity Futures Futures Trading Commissionsued the exchange and founderChangpeng Zhao, alleging they offered unregistered crypto derivatives products in the U.S. against federal law.\nOn Monday, Binance suffered another blow when a rumor surfaced that Zhao faced an international law enforcement request to detain him, referred to as anInterpol Red Notice. On Twitter, Binance Chief Strategy Officer Patrick Hillmannwrote, "One of two things is true: 1. It\'s bulls**t; 2. A law enforcement agent is illegally leaking elements of a case file." He added: "My bet is #1."\nPagoulatos saw BTC\'s dip Monday following the rumor as a flight to safety. "When people are trading bitcoins, they\'re gonna be trading on places like Binance, Coinbase, Bybit," he said. "And when there are rumors of, say, the CEO of the biggest exchange being a wanted fugitive, people are obviously going to want to withdraw their money, sell their bitcoin, get it off as fast as possible."\nBitcoin has more recently rebounded above the $28,000 level where\'s its stood for large portions of the last two weeks. Pagoulatos hedged as to its future path. "We had this significant rally off $20K all the way up to $28K," he said. "And, like, $28K to $30K is a big area of significance. It\'s kind of where bitcoin was trading before Three Arrows Capital\'s collapse last year – that huge hedge fund liquidation event – so this area\'s going to be a tough spot for bitcoin to get through."\nHe added: "What\'s going to be interesting is what path bitcoin follows from here. Is it going to trade more in line with risk assets? Or does it trade more in line with what gold does?"\n4:15 p.m. HKT/SGT(8:15 UTC)United States ADP Employment Change (March)\n6:00 p.m. HKT/SGT(10:00 UTC)United States ISM Services PMI (March)\n5:30 a.m. HKT/SGT(21:30 UTC)Australia Trade Balance (MoM/Feb)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nBinance Market Share Hits Lowest Since November After CFTC Lawsuit; Kevin O\'Leary on Crypto Markets Outlook\nCanadian crypto exchanges WonderFi, Coinsquare and CoinSmart have revealed plans to merge, creating what would be one of the world\'s largest crypto trading platforms. O\'Leary Ventures Chairman Kevin O\'Leary, along with WonderFi President and Interim CEO Dean Skurka, joined "First Mover" to discuss. Plus, The Tie co-founder and CEO Joshua Frank weighed in on dogecoin jumping after Twitter replaced its blue bird logo with the token\'s dog symbol. And FTX creditor Sunil Kavuri shared his thoughts on the future of the failed crypto exchange.\nOpenSea Launches OpenSea Pro, Courting Professional NFT Traders:As part of the launch, marketplace fees will return to the main OpenSea platform at 2.5%, while Pro users will have zero fees.\nArbitrum Governance Fracas Reopens the Question, Why DAOs?:A messy governance dispute over a major Ethereum scaling system has some complaining about “decentralization theater.”\nPolkadot Registers Trademark for Blockchain Communication Platform:The trademark filing mentions social networking software.\nCrypto Protocol LayerZero Raises $120M at $3B Valuation:The valuation is triple the level of the firm\'s previous funding round in March 2022.\nBinance\'s Market Share Hits Lowest Level Since November After CFTC Lawsuit, End of Zero-Fee Trading:The exchange\'s share of trading volume has dropped to 54% from 70% over the past two weeks.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Dogecoin dropped into the red late Tuesday, while bitcoin and ether rose solidly as crypto markets absorbed the latest jobs report.\nInsights:Jason Pagoulatos tied Binance\'s loss of market share largely to growing entanglements with regulators. He also opined about bitcoin\'s path forward.\nCoinDesk Market Index (CMI)\n1,241\n+37.1▲3.1%\nBitcoin (BTC)\n$28,594\n+751.3▲2.7%\nEthereum (ETH)\n$1,910\n+98.6▲5.4%\nS&P 500\n4,100.60\n−23.9▼0.6%\nGold\n$2,022\n−0.2▼0.0%\nNikkei 225\n28,287.42\n+99.3▲0.4%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\nA Bitcoin Rally Past $28.5K\nDOGE was down and so were jobs. But bitcoin wasn\'t.\nThe largest cryptocurrency by market value was recently trading at $28,622, up 2.6% as investors contemplated a welcome dip in the heated job market but also remained cautious about the future after weeks of banking uncertainty.\nTrading and volatility were light. On Monday, BTC had tumbled below the $28,000 threshold it has largely surpassed over the past two weeks after a rumor spread that Binance CEO Changpeng Zhao faced an international law enforcement request to detain him. (Binancedenied the rumorin an email to The Block.)\n"Bitcoin is hovering around the high end of its recent range as crypto traders await to see how it will benefit from the current banking crisis," said Edward Moya of Oanda, although he also noted that "the bitcoin bear case" was growing.\nEther (ETH)
**Last 60 Days of Bitcoin's Closing Prices:**
[]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-04-05
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $551,393,217,462
- Hash Rate: 323675130.1453304
- Transaction Count: 346885.0
- Unique Addresses: 719774.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.62
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: 'The Fed is the problem': Robert Kiyosaki warns that the crash and crisis are 'just starting' — here are 3 assets he likes for shockproofing Bank failures continue to make headlines. Some say they are caused by incompetent management, while others point to insufficient regulatory oversight. But according to Rich Dad Poor Dad author Kiyosaki, the main problem lies with the U.S. central bank. “The Fed is the problem,” he tells Fox Business in a recent interview. “They are — what they say — the fireman and the arson.” Don't miss You could be the landlord of Walmart, Whole Foods and CVS (and collect fat grocery store-anchored income on a quarterly basis) UBS says 61% of millionaire collectors allocate up to 30% of their overall portfolio to this exclusive asset class 'So much money out there': This millionaire YouTube star says earning $200K should be easy if you're 'smart about it' — here's 1 easy way to boost your income while you sleep Kiyosaki points out that the bond market is crashing, and that can have serious consequences. “I’m concerned about IRAs, pension plans, and all that.” And although regulators quickly stepped in to assure that the deposits are safe at the failed banks, Kiyosaki warns that we're not out of the woods just yet — far from it. “Crash and Crisis just starting,” he writes in a recent tweet. So how can investors protect themselves in this chaotic environment? Here are a few safe haven ideas according to Kiyosaki. Precious metals Precious metals — particularly gold and silver — have been a popular hedge against inflation and uncertainty. They can’t be printed out of thin air like fiat money and their value is largely unaffected by economic events around the world. Even though the Fed has raised interest rates aggressively to tame inflation, Kiyosaki doesn’t see price levels cooling down anytime soon. “The thing I see is that the Fed and the FDIC are signaling hyperinflation, which makes gold and silver even better because this thing here is trash,” he tells Fox Business while holding up a $1 bill. “They are going to print more and more of this fake money.” Story continues Gold has long been the go-to choice for investors looking for a hedge in times of crisis. But this time, Kiyosaki likes silver because of a particular use of the gray metal. “I think this is the best investment of all — silver. Because every Tomahawk missile has 30 pounds of silver in it,” he explains. “Every time they push that missile button, 30 pounds of silver disappears.” While there are many ways to gain exposure to gold and silver, Kiyosaki prefers to just buy the metal directly. Last year, he tweeted that he only wants “real gold or silver coins” and not ETFs. So it might be time to visit your local bullion shop. Read more : Rich young Americans have lost confidence in the stock market — and are betting on these 3 assets instead . Get in now for strong long-term tailwinds Bitcoin Some consider bitcoin as the new gold. While Kiyosaki likes the good old yellow metal, he sees opportunity in the cryptocurrency as well. In the tweet where Kiyosaki warns that the crisis is just starting, he also says “Buy more G, S, BC” — referring to gold, silver and bitcoin. Of course, many bitcoin investors learned the hard way just how volatile it can be. Despite being the largest cryptocurrency in the world, bitcoin lost over 60% of its value in 2022. But it’s making a comeback, having surged 72% in 2023. These days, it’s very easy to tap into bitcoin: you can buy bitcoin directly. Just be aware that many exchanges charge up to 4% in commission fees just to buy and sell crypto. So look for investing apps that charge low or even zero commissions. What to read next Hold onto your money': Jeff Bezos issued a financial warning, says you might want to rethink buying a 'new automobile, refrigerator, or whatever' — here are 3 better recession-proof buys Americans are paying nearly 40% more on home insurance compared to 12 years ago — here's how to spend less on peace of mind Earn extra cash for your weekend with these quick money hacks This article provides information only and should not be construed as advice. It is provided without warranty of any kind....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["Bitcoin OGs are skeptical of a report published by the Environmental Working Group (EWG) on Wednesday, detailing how Bitcoin miners are “polluting” communities across the United States.\nWorking through six case studies, the non-profit group says it has documented how the mining industry is interfering with the day-to-day life of Americans through air, water, and noise pollution.\n“The incessant din created by mining operations continues 24 hours a day, seven days a week, and is driving nearby residents to desperation,” the reportstated. One of its case studies followed a married couple in Cook County, Georgia, whose hearing has reportedly been “damaged” thanks to one ofBlockstream’s neaerby Bitcoin mining facilities.\nAnothercase studyfocused on Stronghold Digital Mining in Venango Country, Pennsylvania. The company combusts coal refuse to power Bitcoin mining machines, then spreads the leftover coal ash over land areas to be used as fertilizer. EWG argued that the toxic pollutants within that ash fertilizer are carried into nearby rivers and streams when it rains, thereby polluting the water.\n“What these mines have in common is their use of proof of work, which is wasteful by design,” the report asserted, calling it “highly inefficient” to require vast amount of “fossil-fuel generated electricity” to operate.\nEnvironmental Impact of Bitcoin Mining ‘Deserves the Spotlight’: US Senator Markey\nProof of work is a consensus mechanism used by Bitcoin and other decentralized blockchains that allows all network participants to agree on the sequential order of transactions, while also issuing new coins in a non-subjective manner. Powerful computers compete in a race to construct Bitcoin’s next block of transactions by solving a complex math problem and are rewarded with new BTC for solving it first.\nMany modern blockchains use an alternative consensus mechanism called proof of stake, which uses cryptocurrency rather than energy to secure the network. EWG has long called for Bitcoin developers to change its code and cut its energy use in a similar fashion, backing anotherwell-funded environmental campaignto do so.\nHowever, prominent Bitcoin developers are not remotely interested in such a high-stakes protocol change. Blockstream CEO (andsuspectedBitcoin creator) Adam Back says energy costs for producing new Bitcoin are necessary for it to function as money.\n“People are buying digital gold, to protect against inflation and monetary erosion. Central banks are buying physical gold for similar reasons at a record pace,” he said toDecryptvia Twitter. “Gold is costly to mine analogously, and that's also inherent to hard money.”\nProof of Stake Risks Concentrating Power to Crypto Exchanges, Wallets: IMF\nWhen asked by EWG about Blockstream’s noise pollution, Blockstream mining head Chris Cook described the facility as “barely audible... crickets are definitely louder.”\nLong-time Bitcoin developer Luke Dash Jr. also contested that Bitcoin was a source of environmental harm, arguing that the fiat currency system is much more harmful.\n“PoW is actually good for the environment,” he toldDecryptvia DM. “It makes clean energy like solar viable on its own, where previously it would typically require fossil fuel to compliment it.”\nMeanwhile, the developer dismissed proof of stake as a “scam,” referencing a 2015essaydescribing the system as “unworkable.”\n“By depending only on resources within the system, proof of stake cannot be used to form a distributed consensus, since it depends on the very history it is trying to form to enforce loss of value,” stated the report’s author Andrew Poelstra.", "Bitcoin OGs are skeptical of a report published by the Environmental Working Group (EWG) on Wednesday, detailing how Bitcoin miners are “polluting” communities across the United States. Working through six case studies, the non-profit group says it has documented how the mining industry is interfering with the day-to-day life of Americans through air, water, and noise pollution. “The incessant din created by mining operations continues 24 hours a day, seven days a week, and is driving nearby residents to desperation,” the report stated . One of its case studies followed a married couple in Cook County, Georgia, whose hearing has reportedly been “damaged” thanks to one of Blockstream ’s neaerby Bitcoin mining facilities. Another case study focused on Stronghold Digital Mining in Venango Country, Pennsylvania. The company combusts coal refuse to power Bitcoin mining machines, then spreads the leftover coal ash over land areas to be used as fertilizer. EWG argued that the toxic pollutants within that ash fertilizer are carried into nearby rivers and streams when it rains, thereby polluting the water. “What these mines have in common is their use of proof of work, which is wasteful by design,” the report asserted, calling it “highly inefficient” to require vast amount of “fossil-fuel generated electricity” to operate. Environmental Impact of Bitcoin Mining ‘Deserves the Spotlight’: US Senator Markey Proof of work is a consensus mechanism used by Bitcoin and other decentralized blockchains that allows all network participants to agree on the sequential order of transactions, while also issuing new coins in a non-subjective manner. Powerful computers compete in a race to construct Bitcoin’s next block of transactions by solving a complex math problem and are rewarded with new BTC for solving it first. Many modern blockchains use an alternative consensus mechanism called proof of stake, which uses cryptocurrency rather than energy to secure the network. EWG has long called for Bitcoin developers to change its code and cut its energy use in a similar fashion, backing another well-funded environmental campaign to do so. Story continues However, prominent Bitcoin developers are not remotely interested in such a high-stakes protocol change. Blockstream CEO (and suspected Bitcoin creator) Adam Back says energy costs for producing new Bitcoin are necessary for it to function as money. “People are buying digital gold, to protect against inflation and monetary erosion. Central banks are buying physical gold for similar reasons at a record pace,” he said to Decrypt via Twitter. “Gold is costly to mine analogously, and that's also inherent to hard money.” Proof of Stake Risks Concentrating Power to Crypto Exchanges, Wallets: IMF When asked by EWG about Blockstream’s noise pollution, Blockstream mining head Chris Cook described the facility as “barely audible... crickets are definitely louder.” Long-time Bitcoin developer Luke Dash Jr. also contested that Bitcoin was a source of environmental harm, arguing that the fiat currency system is much more harmful. “PoW is actually good for the environment,” he told Decrypt via DM. “It makes clean energy like solar viable on its own, where previously it would typically require fossil fuel to compliment it.” Meanwhile, the developer dismissed proof of stake as a “scam,” referencing a 2015 essay describing the system as “unworkable.” “By depending only on resources within the system, proof of stake cannot be used to form a distributed consensus, since it depends on the very history it is trying to form to enforce loss of value,” stated the report’s author Andrew Poelstra.", "Bitcoin OGs are skeptical of a report published by the Environmental Working Group (EWG) on Wednesday, detailing how Bitcoin miners are “polluting” communities across the United States.\nWorking through six case studies, the non-profit group says it has documented how the mining industry is interfering with the day-to-day life of Americans through air, water, and noise pollution.\n“The incessant din created by mining operations continues 24 hours a day, seven days a week, and is driving nearby residents to desperation,” the reportstated. One of its case studies followed a married couple in Cook County, Georgia, whose hearing has reportedly been “damaged” thanks to one ofBlockstream’s neaerby Bitcoin mining facilities.\nAnothercase studyfocused on Stronghold Digital Mining in Venango Country, Pennsylvania. The company combusts coal refuse to power Bitcoin mining machines, then spreads the leftover coal ash over land areas to be used as fertilizer. EWG argued that the toxic pollutants within that ash fertilizer are carried into nearby rivers and streams when it rains, thereby polluting the water.\n“What these mines have in common is their use of proof of work, which is wasteful by design,” the report asserted, calling it “highly inefficient” to require vast amount of “fossil-fuel generated electricity” to operate.\nEnvironmental Impact of Bitcoin Mining ‘Deserves the Spotlight’: US Senator Markey\nProof of work is a consensus mechanism used by Bitcoin and other decentralized blockchains that allows all network participants to agree on the sequential order of transactions, while also issuing new coins in a non-subjective manner. Powerful computers compete in a race to construct Bitcoin’s next block of transactions by solving a complex math problem and are rewarded with new BTC for solving it first.\nMany modern blockchains use an alternative consensus mechanism called proof of stake, which uses cryptocurrency rather than energy to secure the network. EWG has long called for Bitcoin developers to change its code and cut its energy use in a similar fashion, backing anotherwell-funded environmental campaignto do so.\nHowever, prominent Bitcoin developers are not remotely interested in such a high-stakes protocol change. Blockstream CEO (andsuspectedBitcoin creator) Adam Back says energy costs for producing new Bitcoin are necessary for it to function as money.\n“People are buying digital gold, to protect against inflation and monetary erosion. Central banks are buying physical gold for similar reasons at a record pace,” he said toDecryptvia Twitter. “Gold is costly to mine analogously, and that's also inherent to hard money.”\nProof of Stake R
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-04-06
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $543,950,339,400
- Hash Rate: 375327217.1632722
- Transaction Count: 354019.0
- Unique Addresses: 740308.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.63
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin andEtherfell by the end of Asian trading hours on Friday afternoon, together with all other top 10 non-stablecoin cryptocurrencies by market capitalization, weighed by the financial woes of crypto-focused bank Silvergate. Investors saw a glimpse of relief, following dovish remarks from the U.S. Federal Reserve, signaling a potential stop to interest rate hikes this summer.
See related article:Bitcoin Punks exceed 1,145 ETH in daily trading volume as Bitcoin Ordinals gain traction
• Bitcoin fell by 4.3% to US$23,402 in the 24 hours to 4:30 p.m. in Hong Kong. Ether declined 4.49% to US$1,569, according toCoinMarketCapdata, pressured byfinancial woes at crypto-focused U.S. bank SilvergateCapital Corp.
• Litecoin’s Ltc token was the day’s biggest loser, losing 8.52% to US$89.05, followed byDogecointhat fell 6.3% to trade at US$0.075.
• The global cryptocurrency market capitalization shrunk by 3.81% to US$1.03 trillion in the 24 hours to 4:30 p.m. in Hong Kong. The total crypto market trading volume increased by 22% to US$55.42 billion.
• Asian equities strengthened in line with Wall Street’s overnight rally after Atlanta Federal Reserve President Raphael Bostic said that he supported an interest rate increase of 25 basis points and that the central bank may pause rate hikes sometimes during the summer.
• The Shanghai Composite gained 0.54%, the Shenzhen Component Index inched up 0.02%, Japan’s Nikkei 225 rose 1.56% and Hong Kong’s Hang Seng Index strengthened 0.68%.
• Investors digested data suggesting that China’s service sector growth accelerated in February, following the relaxation of Covid-19 restrictions.
• Europe’s STOXX 600 rose 0.4% and Germany’s DAX 40 gained 0.8%, fueled by dovish commentary from the U.S. Fed.
• The euro stood above US$1.06, up from a two-month low of US$1.053 on Feb. 27, despite hawkish remarks from European Central bank officials signaling more incoming rate hikes.
See related article:CBDC: Boon Or Bane?...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
| |
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Bitcoin is flat at $28K while ether is down 1.1% to $1878 as the market\'s hopium subsides.\nInsights:Twitter boss Elon Musk spurred a jump in DOGE and had the crypto world\'s attention again. But Musk\'s long-term benefit for the industry remains questionable.\nCoinDesk Market Index (CMI)\n1,221\n−7.6▼0.6%\nBitcoin (BTC)\n$28,067\n+48.4▲0.2%\nEthereum (ETH)\n$1,878\n−20.7▼1.1%\nS&P 500\n4,105.02\n+14.6▲0.4%\nGold\n$2,024\n+2.8▲0.1%\nNikkei 225\n27,472.63\n−340.6▼1.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,221", "\\u22127.6\\u25bc0.6%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$28,067", "+48.4\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,878", "\\u221220.7\\u25bc1.1%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,105.02", "+14.6\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,024", "+2.8\\u25b20.1%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["27,472.63", "\\u2212340.6\\u25bc1.2%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nGood morning Asia, here’s a look at how the markets are shaping up this Friday morning.\nBitcoin climbed out of the red as the market shifted from West to East while ether is slightly down.\nThe world’s largest digital asset is flat to $28,067, while ether is in the red down 1% to $1,878.\nBrent Xu, CEO of DeFi lender Umee, thinks there’s a gap between the market reality, and what the market wants to think.\nOn a recent appearance on CoinDesk TV, Xu pointed out that the mini-bull market that’s been forming since January 2023 has been largely driven by positive sentiment.\n“This is driven by three factors: tamed inflation, the market\'s belief that there will be no future interest rate increases, and the avoidance of a banking crisis,” he said. “So that’s what the market wants to think.”\nBut the wild card here is interest rates, especially if they continue to rise.\n“There\'s a big battle between the bulls and the bears right now,” he said on CoinDesk TV. “There\'s not as much liquidity and depth around, so that\'s why you see these volatile moves right now.”\nNext week the latest Consumer Price Index is scheduled to be released, which is key to determining inflation and thus directs the Fed’s hand on interest rates.\nThat’ll be a good update in the battle of bulls and bears.\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "+3.8%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Avalanche", "Ticker": "AVAX", "Returns": "+1.1%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "+0.3%", "DACS Sector": "Currency"}]\n[{"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "\\u22126.5%", "DACS Sector": "Currency"}, {"Asset": "Gala", "Ticker": "GALA", "Returns": "\\u22122.2%", "DACS Sector": "Entertainment"}, {"Asset": "Decentraland", "Ticker": "MANA", "Returns": "\\u22122.2%", "DACS Sector": "Entertainment"}]\nIs Chief Twit Elon Musk Also Top DOGE?\nSo this is how mass adoption happens? Elon Musk, at least at one point the world’s richest man, replaced Twitter’s classic blue bird logo with a sprite of DOGE, the Shiba Inu dog known as much for the meme as the meme coin. Dogecoin spiked something like 40%, and hasn’t yet crashed. I hear there’s excitement brewing that DOGE could pump above the 10 cents threshold, which is proportionately one-tenth as exciting as when the so-calledproletariat investors of the GameStop eraattempted to drive dogecoin, sometimes un-ironically called “the people’s cryptocurrency,” past $1 (it didn’t work).\nDogecoin is apparently spiking because people believe that Elon Musk could soon integrate a permanent dogecoin payment system on Twitter, the microblogging platform he overpaid for ($43 billion). Twitter has several million daily active users, many of them high-profile, and if even just a small percentage begin transacting in DOGE – as a joke or not – it’s not completely irrational to speculate on that translating into a higher price. Mind you, Twitter already has payment/tipping features using the U.S. dollar and the Bitcoin Lightning network. The latter is rarely used, which gives some indication of how frequently the even-less-widely adopted and even-less-trusted crypto, dogecoin, would (or wouldn’t) be used.\nOf course, this is my attempt to ascribe meaning to crypto price moves. Prices are basically the only thing that matter in crypto, but rarely for any reason investors typically rely on when evaluating the expected return of an asset. Instead, crypto prices are almost a perfect reflection of market sentiment – or, to put it in the people’s language, vibe. The coronavirus shutting down the global economy? Bad vibes. Locked-down workers with excess cash turning into slap-happy day traders? Fun vibes. A massive stablecoin experiment crashing and burning? Bad vibes. The collapse of the U.S. banking revealing Bitcoin’s virtues? Apparently good vibes.\nElon Musk has manipulated the price of dogecoin in the past. The first time it happened, in early 2020, DOGE jumped after the Tesla founder tweeted out a meme. He apparently got a taste of something he enjoys – power through s**tposting – because he pulled similar moves again and again, each time raising the stakes as the joke grew stale. Heweighed inon a dispute between DOGE traders and crypto exchange Binance. Tesla, his car company, would allowDOGE payments. Musk planned to bring DOGE to space, with aSpaceX satellite launch. Over 30-some tweets up to the end of 2022, Musk pumped the price of DOGE by 4.5% on average, according to crypto-skeptical news siteProtos.\nRead the full storyhere:\n8:30 p.m. HKT/SGT(12:30 UTC)United States Average Hourly Earnings (MoM/March)\n8:30 p.m. HKT/SGT(12:30 UTC)United States Nonfarm Payrolls (March)\n8:30 p.m. HKT/SGT(12:30 UTC)United States Unemployment Rate (March)\nIn case you missed it, here is the most recent episode of"First Mover"onCoinDesk TV:\nEther Dips Below $1.9K Ahead of \'Shapella\'; Japan Greenlights Bullish Web3 White Paper\nEthereum\'s Shanghai upgrade, also known as "Shapella," is expected to go live on April 12. It will mark Ethereum\'s complete transition to a proof-of-stake (PoS) network and enable staked ETH withdrawals. Runa Digital Assets Chief Operating Officer Max Williams and Umee CEO Brent Xu discussed. Plus, a closer look at Japan\'s new Web3 white paper that laid out recommendations for growing the country\'s industry. And, "The Crypto Lawyer" Irina Heaver shared her insights on the crypto industry in Dubai.\nMagic Eden Rolls Out Bitcoin Ordinals NFT Creator Launchpad:After releasing a Bitcoin NFT marketplace in March, the company is expanding its resources for creators to securely mint their inscriptions before selling to collectors.\nLido Stakers Can Expect Ether Withdrawals \'No Sooner Than Early May\':Lido needs to complete security audits of its V2 upgrade before it can allow withdrawals.\nStablecoin Tether\'s Market Capitalization Nears Record High of $83B:The market cap has increased by 20% this year mainly on account of aggressive issuance on Ethereum\'s rival, Tron.\nJapan Approves Web3 White Paper to Promote Industry Growth in the Country:The document proposes more tax reforms, clearer accounting standards and a DAO law.\nHidden Inside MacOS, the Bitcoin White Paper:Satoshi’s vision exists in every version of MacOS from Mojave to Ventura, but is not in the older High Sierra (10.13) or earlier.', 'Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin is flat at $28K while ether is down 1.1% to $1878 as the market\'s hopium subsides. Insights: Twitter boss Elon Musk spurred a jump in DOGE and had the crypto world\'s attention again. But Musk\'s long-term benefit for the industry remains questionable. Prices CoinDesk Market Index (CMI) 1,221 −7.6 ▼ 0.6% Bitcoin (BTC) $28,067 +48.4 ▲ 0.2% Ethereum (ETH) $1,878 −20.7 ▼ 1.1% S&P 500 4,105.02 +14.6 ▲ 0.4% Gold $2,024 +2.8 ▲ 0.1% Nikkei 225 27,472.63 −340.6 ▼ 1.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,221 −7.6 ▼ 0.6% Bitcoin (BTC) $28,067 +48.4 ▲ 0.2% Ethereum (ETH) $1,878 −20.7 ▼ 1.1% S&P 500 4,105.02 +14.6 ▲ 0.4% Gold $2,024 +2.8 ▲ 0.1% Nikkei 225 27,472.63 −340.6 ▼ 1.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Good morning Asia, here’s a look at how the markets are shaping up this Friday morning. Bitcoin climbed out of the red as the market shifted from West to East while ether is slightly down. The world’s largest digital asset is flat to $28,067, while ether is in the red down 1% to $1,878. Brent Xu, CEO of DeFi lender Umee, thinks there’s a gap between the market reality, and what the market wants to think. On a recent appearance on CoinDesk TV, Xu pointed out that the mini-bull market that’s been forming since January 2023 has been largely driven by positive sentiment. “This is driven by three factors: tamed inflation, the market\'s belief that there will be no future interest rate increases, and the avoidance of a banking crisis,” he said. “So that’s what the market wants to think.” But the wild card here is interest rates, especially if they continue to rise. “There\'s a big battle between the bulls and the bears right now,” he said on CoinDesk TV. “There\'s not as much liquidity and depth around, so that\'s why you see these volatile moves right now.” Story continues Next week the latest Consumer Price Index is scheduled to be released, which is key to determining inflation and thus directs the Fed’s hand on interest rates. That’ll be a good update in the battle of bulls and bears. Biggest Gainers Asset Ticker Returns DACS Sector Terra LUNA +3.8% Smart Contract Platform Avalanche AVAX +1.1% Smart Contra
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-04-07
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $539,023,398,062
- Hash Rate: 338032942.1664877
- Transaction Count: 355031.0
- Unique Addresses: 739977.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.64
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Join the most important conversation in crypto and web3! Secure your seat today Fortunately, we rarely have to think about Maslows Hierarchy of Needs , that triangle we saw in school that layers the key human requirements for flourishing. Until, that is, one of the needs towards the bottom isnt being met, and then we think about it a lot. To recap: At the very bottom we have the basics for survival: the physical needs of nourishment, rest and shelter, and then layered on top of that is safety. The next part of the stack is the psychological need of belonging and self-esteem, and then we come to the peak of the pyramid, which is about achieving ones full potential. (I know that many academics disagree with the premise and that Maslow never actually drew a triangle, but bear with me as I sketch out this construct.) Noelle Acheson is the former head of research at CoinDesk and Genesis Trading. This article is excerpted from her Crypto Is Macro Now newsletter, which focuses on the overlap between the shifting crypto and macro landscapes. These opinions are hers, and nothing she writes should be taken as investment advice. Some of you may notice there isnt a separate layer for trust. One could argue that it is a requisite for every layer in that you need to trust the food you eat wont kill you, your house wont get blown away and a friendship will lift you up. But the layer with which it is most intertwined is safety, and Ill argue that it is wedged into that category. Trust implies belief in the safety to feel and to act, and is a core component of pretty much everything that implies both personal and civilizational progress. So, trust is necessary for safety (which is meaningless if there is no belief in it) and safety is necessary for trust (without basic reassurances, its hard to trust anything). What happens when our belief in what safety is starts to change? In the financial world, what is and isnt safe is starting to change. Lets take a look at how safe, sensible investments have been doing recently. Story continues U.S. government bonds are supposedly the safest assets in the market, in that the U.S. government is not going to default on its debt ( right ?). However, earlier this month their volatility reached its highest level since the Great Financial Crisis of 2008. Over the past year, with the fastest interest rate hiking period since the 1980s, interest rate risk has been higher than ever . Bond values have plummeted, and all this while the cost of insuring against a U.S. government default on its debt has soared to its highest level in over 10 years. That doesnt seem so safe. (TradingView) What about stocks? Were told that they are among the riskiest assets , but over a long time frame they have been up and to the right. The below chart shows the S&P 500 together with an index of long-term government bonds. Which looks safer to you? (TradingView) Then theres the wisdom of diversification mimic the large indices, were told, and your returns will be better distributed. Only, probing deeper, we see that high-risk tech stocks account for almost 30% of the S&P 500 and occupy the top six positions in the market cap ranking. That sounds more concentrated than diversified, which surely adds risk. Anyone who has interacted with a professional adviser will have heard about the 60/40 portfolio, which counts on a prescribed stocks/bonds distribution to deliver a more counterbalanced return than focusing on just one or the other asset class. Yet, last year the typical 60/40 portfolio lost 18% on a nominal basis, pretty close to the damage done by the S&P 500 alone. Not that safe. Houses must be safe, surely? Ah, wait data released last week shows U.S. home prices are falling, down 0.2% in January from December and down 3% from last June. Those percentages may seem small compared to last years fall in equities, but since housing is often a familys most significant investment those drops can hurt. Still, the house is presumably still standing and offering the safety of shelter. Gold is one of the oldest safe havens known to man, a durable metal with a liquid market and (in theory) supply that can't be manipulated. But we cant always be sure that what we have is actually gold , and its complicated to store and to keep out of the hands of people stronger than ourselves. Paper gold is more convenient, but even if we could be sure the bars backing it were real those bars are subject to seizure. While its unlikely, the value of our gold holdings could be zero. That doesnt sound particularly safe. Read more: Noelle Acheson - Bitcoin and the Liquidity Question: More Complex Than It Seems Of course, the safest thing to do is to shun securities markets and keep your money in your bank account. Despite official protestations that the U.S. banking system is strong and resilient, depositors are still nervous although outflows seem to have slowed for now. But the digital nature of banking means that could change in minutes, and it is not yet certain that all deposits would be protected. Then theres bitcoin (BTC). Were told its not safe at all, were even told its dangerous . And yet throughout the past year of crashes and disappointments, bitcoin kept on working. The price plunged but bitcoin didnt miss a beat. Whats more, in times of turmoil an asset that is hard to seize but easy to transport would sound refreshingly safe to many fleeing their homes and/or worried about being shut out of traditional payment rails. And it is trivial to verify. So, just as we are starting to realize that its time to re-examine what safe means, whether it refers to returns, continuity or independence, we have a cultural shift that is asking us to question why it even matters. Even before the COVID-19 pandemic, trust in institutions had been dropping and the intensifying political polarization seen around the world weakens confidence for many that governments will offer protection, especially if as we are regularly reminded the planet is in trouble anyway. Plus, theres the gamification of investing, which rewards decisions with screenfuls of confetti or at least some social kudos. Fun generally trumps safety, especially when the future for which young people are supposed to save looks increasingly bleak through their eyes. Overlaid onto this is a growing interest in a new type of asset that runs on rails totally outside the establishment system and that highlights the growing desire for independence, horizontal community and skepticism of the authorities good intentions. All this points to an inevitable recognition that bitcoin and its peers represent much more than a risky investment asset. They represent a shift in investment philosophy that speaks to an increasingly independent generation of investors. They also represent cultural and political shifts that weaken the power of authorities attempting to invoke rules of safety that no longer make sense. Going back to Maslows pyramid where trust and safety are intertwined: If one changes, so does the other. Thats why the investment framework shifts were seeing are about much more than portfolio allocations. Theyre also about bigger social changes and the recognition that, while wisdom builds up over generations and should not be thrown out the window just because its traditional, questioning convention helps a culture be more flexible and resilient. A retreat from the new adds to fragility not very safe at all....
- Reddit Posts (Sample): [['u/z0uNdz', 'What if the next bull cycle is a let down', 20, '2023-04-07 00:34', 'https://www.reddit.com/r/CryptoCurrency/comments/12e0hf7/what_if_the_next_bull_cycle_is_a_let_down/', 'This isn’t a popular opinion, but the reality is the next bull after the halving may not be a blow off top.\n\nThink about it, each cycle usually coincides about 10-16 months after the btc halving. Why is that? It’s because mining btc gets more scarce every cycle, so demand generally increases.\n\nNow lets say, 2024 comes, we are still crabbing, and the next 12 months go by and we just continue to crab? There needs to be some sort of catalyst or available money from the masses to spark a bull cycle.\n\nWith current global conditions it may not be as hyped as everyone is expecting. We may still be facing record high inflation, be in a recession, facing mass layoffs, be involved in multiple wars, and have horrible regulation being passed by scared governments.\n\nThese are all possibilities that could derail or flat out eliminate a bull cycle. I hope it doesn’t happen, but we should temper expectations. And it very well could just take one of these events to flip, for good news to set in and that could be the catalyst. I hope we see that glorious green, but we should still take profits when we can.', 'https://www.reddit.com/r/CryptoCurrency/comments/12e0hf7/what_if_the_next_bull_cycle_is_a_let_down/', '12e0hf7', [['u/Consistent_Many_1858', 11, '2023-04-07 00:35', 'https://www.reddit.com/r/CryptoCurrency/comments/12e0hf7/what_if_the_next_bull_cycle_is_a_let_down/jf8v8jk/', "If i don't take profits then it will be a let down for me. Just like the previous one was.", '12e0hf7'], ['u/unitys2011', 32, '2023-04-07 00:36', 'https://www.reddit.com/r/CryptoCurrency/comments/12e0hf7/what_if_the_next_bull_cycle_is_a_let_down/jf8vcng/', 'Not a problem for Diamond Hands veterans', '12e0hf7'], ['u/Socialinfluencing', 12, '2023-04-07 00:36', 'https://www.reddit.com/r/CryptoCurrency/comments/12e0hf7/what_if_the_next_bull_cycle_is_a_let_down/jf8vcoj/', "You can't only have bear markets, logic and reason eventually prevails. At some stage a bullrun will occur. People acting like we're in 1929 just before the great depression are likely as wrong as those that think everything is just fine.", '12e0hf7'], ['u/Hardbreachx', 11, '2023-04-07 00:42', 'https://www.reddit.com/r/CryptoCurrency/comments/12e0hf7/what_if_the_next_bull_cycle_is_a_let_down/jf8w3kc/', "I have a trade wallet that shifts value, and a hardware wallet I don't plan to touch until 2035.", '12e0hf7']]], ['u/bmfalbo', 'Dr. Eric W. Davis, Ph.D, on Crash Retrievals and Special Access Programs in one of his last public interviews before his media embargo to maintain security clearances.', 146, '2023-04-07 02:17', 'https://www.reddit.com/r/UFOs/comments/12e37n1/dr_eric_w_davis_phd_on_crash_retrievals_and/', 'Full interview with OpenMindsTV: https://youtu.be/IeyBTChcTe4\n\n(Great interview overall, I would recommend checking it out!)\n\nFurthermore, here is the the clip from this interview I want to highlight and transcribed below: https://youtu.be/k2gjPRv4E7s \n\nTranscript of Dr. Eric W Davis on Crash Retrievals and Special Access Programs:\n\n"Yeah, we were working as subcontractors to Bigelow Aerospace\'s Advanced Based Studies who had the contract to the Defense Intelligence Agency (DIA).\n\nSo, uh yeah, **there have been crashes, uh, the superpowers on the Earth have had their share of crashes and they have recovered the vehicles from their crashes** so, uh, that\'s why shockingly I agree that even though these things behave like a conscious psychic entity, they do have a advanced technology, they have hardware and uh there\'s a craft and there\'s occupants or UFO-nauts and he (Jacque Vallee) calls them that, shockingly calls them these euphemisms, so there\'s uh UFO-nauts running these craft.\n\nUh, the point is that, uh, that the way these things are operating they go way outside the envelope of our engineering and physics technologies and uh I can guarantee you that no laws of physics are broken whatsoever, it is just that it\'s either the existing ones that we have but we haven\'t, uh, extrapolated it further enough or expanded it enough into realms or say areas of phase space where we could discover new solutions to these existing physical laws which would give us advanced propulsion and power that would produce this type of technology once you have an engineering and manufacturing technology to create these things so that\'s where we\'re at and these things don\'t look like anything that we can manufacture on Earth.\n\nSo, we don\'t have the manufacturing or industrial technology for it or the likes, for example. That\'s what the 38 papers that the DIA wanted in their taskforce with their bigger Aerospace Advanced Space Studies contract was to take the physics and engineering of 2009 and 2010 and have it extrapolated to 2050. \n\nAre we going to be able to have the physics and engineering and the technology industrial base that\'ll produce a vehicle that\'ll match the Tic-Tacs and on the flip side of that, boy, that would be wonderful if we could get there because commercially it would revolutionize transportation and energy on the Earth and **the interesting thing is today there\'s a big move away from Special Access Programs.**\n\nThey\'re extremely costly to maintain. Extremely Costly. Let me tell you this, uh, the cost to maintain information personnel and physical security for a special access program can be tens of times larger than the cost of the program itself.\n\nThe purpose of a black program with the special access program security rep is you\'ve got to limit the information and exposure to the information to as few people as possible in order to produce the maximum security protection against espionage by the enemy."', 'https://www.reddit.com/r/UFOs/comments/12e37n1/dr_eric_w_davis_phd_on_crash_retrievals_and/', '12e37n1', [['u/PoopDig', 57, '2023-04-07 02:19', 'https://www.reddit.com/r/UFOs/comments/12e37n1/dr_eric_w_davis_phd_on_crash_retrievals_and/jf995qg/', 'I see Eric Davis. I upvote', '12e37n1'], ['u/Praxistor', 26, '2023-04-07 02:24', 'https://www.reddit.com/r/UFOs/comments/12e37n1/dr_eric_w_davis_phd_on_crash_retrievals_and/jf99rvk/', 'I see PoopDig see Eric Davis. I upvote', '12e37n1'], ['u/bmfalbo', 19, '2023-04-07 02:43', 'https://www.reddit.com/r/UFOs/comments/12e37n1/dr_eric_w_davis_phd_on_crash_retrievals_and/jf9cbro/', "I don't want to even imagine where we would be today without him.", '12e37n1'], ['u/PoopDig', 18, '2023-04-07 02:47', 'https://www.reddit.com/r/UFOs/comments/12e37n1/dr_eric_w_davis_phd_on_crash_retrievals_and/jf9cy0z/', 'The day we hear from him again is going to be nuts', '12e37n1'], ['u/im_da_nice_guy', 14, '2023-04-07 03:18', 'https://www.reddit.com/r/UFOs/comments/12e37n1/dr_eric_w_davis_phd_on_crash_retrievals_and/jf9guj3/', 'Dr. Davis is the man. He is our last, best, hope. Godspeed Dr. Davis. May you bring down the whole fucking thing.', '12e37n1']]], ['u/rayku22', '[CUSA34388] God of War Ragnarok Update v4.00 + DLC Fully Backported', 86, '2023-04-07 03:59', 'https://www.reddit.com/r/PkgLinks1/comments/12e5w89/cusa34388_god_of_war_ragnarok_update_v400_dlc/', "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\n\nCredits to Fugazi for the DLC! Special thanks to Jocover and Opoisso for the help!\n\nNotes: 5.05 / 6.72 / 7.02 / 7.50 / 9.00 Backport! Phew what a pain in my ass! Turns out the location where jocover wrote me the code in last time was causing issues on this update, this was driving me crazy! I figured it out by checking that the only difference between my version and opoisso's and so i fixed it that way! All CUSA of the same region uses the same DLC!", 'https://www.reddit.com/r/PkgLinks1/comments/12e5w89/cusa34388_god_of_war_ragnarok_update_v400_dlc/', '12e5w89', [['u/Old-Anything3060', 12, '2023-04-07 08:20', 'https://www.reddit.com/r/PkgLinks1/comments/12e5w89/cusa34388_god_of_war_ragnarok_update_v400_dlc/jfad23n/', 'Please add cusa34384', '12e5w89']]], ['u/AutoModerator', '[Daily Discussion] - Friday, April 07, 2023', 31, '2023-04-07 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/12e90xy/daily_discussion_friday_april_07_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https:...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['When we thought the dust had settled from Blur and OpenSea’sbattlefor buyers,OpenSea, the largestnon-fungible token (NFT)marketplace, has re-ignited the war by releasing their own “pro” trading tools this week.\nTechnically more of a rebranding than a new product, OpenSea has repackaged their trading tools that existed under the name Gem, and rebranded them as an elite suite for all traders.\nNow using the name OpenSea Pro, the king of marketplaces is giving traders over 170 listings all in one spot, floor-sweeping tools, inventory management options, collection and trait offers, and quite a bit more.\nIt’s a package that has been long overdue, and with these new tools, OpenSea hopes to stymie the bleeding out of their user base that had been flowing over to Blur.\nNew tools are great, but what’s in it for traders?\nThey’re not getting rewards like the BLUR token delivered to traders on the Blur marketplace. OpenSea is looking to reward traders with a different type of token, beginning with an NFT that is free to claim for previous Gem users. The first reward,Gemesis, is a limited edition NFT to celebrate OpenSea’s new milestone moment.\nFor now, we can only speculate on what future OpenSea NFTs will be, but I’m hoping for good old-fashioned art rewards, and maybe some exclusive tokens that will give on-site access to tools or early access to mint. The sky is the limit when it comes to creative utility that can be given through NFTs. At times CryptoSlam offers aSkyBox NFTthat allows the holder advertising space at the top of the leaderboard. Let’s see if OpenSea took notice.\nOpenSea Pro’s impact on the market so far has been a nonfactor, with the two days since its launch being some of the slowest days of trading we’ve seen this year. The Forkast 500 NFT Index reflects this cooling off, showing the market down 1.22% since OpenSea Pro’s release.\nMultiple marketplaces now offer tools that allow faster, more precise, and bulk trades.\xa0This is putting us on a path for a new phase of NFTs. As NFTs continue to lose value, most will eventually reach a low enough price that traders can trade NFTs like crypto. With an unlimited supply of NFTs, and without the “penalty” of platform fees, I expect NFTs to be traded at high volume, with traders looking for tiny percent gains.\nThis is more likely to happen on Layer 2 blockchains where gas fees are cheaper, but it seems like a natural progression for day trading NFTs. While markets are hard to predict, traders are not. If there’s profit to be made, you can bet that traders will find that profit.\nThere’s plenty to celebrate in the NFT space still,\xa0including 0% platform fees returning to OpenSea, new NFTs from Yuga Labs, Bitcoin Stamps, incredible art being created on the blockchain and, of course,NFT NYCnext week.\nCryptoSlam andForkast.Newswill be at NFT NYC from April 12 to 14 and we have some exciting news to announce there. We’re always excited to meet the Slamfam, so if you’ll be attending stop by and say hello!', 'When we thought the dust had settled from Blur and OpenSea’s battle for buyers, OpenSea , the largest non-fungible token (NFT) marketplace, has re-ignited the war by releasing their own “pro” trading tools this week. Technically more of a rebranding than a new product, OpenSea has repackaged their trading tools that existed under the name Gem, and rebranded them as an elite suite for all traders. Now using the name OpenSea Pro, the king of marketplaces is giving traders over 170 listings all in one spot, floor-sweeping tools, inventory management options, collection and trait offers, and quite a bit more. It’s a package that has been long overdue, and with these new tools, OpenSea hopes to stymie the bleeding out of their user base that had been flowing over to Blur. New tools are great, but what’s in it for traders? They’re not getting rewards like the BLUR token delivered to traders on the Blur marketplace. OpenSea is looking to reward traders with a different type of token, beginning with an NFT that is free to claim for previous Gem users. The first reward, Gemesis , is a limited edition NFT to celebrate OpenSea’s new milestone moment. Gemesis For now, we can only speculate on what future OpenSea NFTs will be, but I’m hoping for good old-fashioned art rewards, and maybe some exclusive tokens that will give on-site access to tools or early access to mint. The sky is the limit when it comes to creative utility that can be given through NFTs. At times CryptoSlam offers a SkyBox NFT that allows the holder advertising space at the top of the leaderboard. Let’s see if OpenSea took notice. OpenSea Pro’s impact on the market so far has been a nonfactor, with the two days since its launch being some of the slowest days of trading we’ve seen this year. The Forkast 500 NFT Index reflects this cooling off, showing the market down 1.22% since OpenSea Pro’s release. Multiple marketplaces now offer tools that allow faster, more precise, and bulk trades.\xa0This is putting us on a path for a new phase of NFTs. As NFTs continue to lose value, most will eventually reach a low enough price that traders can trade NFTs like crypto. With an unlimited supply of NFTs, and without the “penalty” of platform fees, I expect NFTs to be traded at high volume, with traders looking for tiny percent gains. Story continues This is more likely to happen on Layer 2 blockchains where gas fees are cheaper, but it seems like a natural progression for day trading NFTs. While markets are hard to predict, traders are not. If there’s profit to be made, you can bet that traders will find that profit. There’s plenty to celebrate in the NFT space still,\xa0including 0% platform fees returning to OpenSea, new NFTs from Yuga Labs, Bitcoin Stamps, incredible art being created on the blockchain and, of course, NFT NYC next week. CryptoSlam and Forkast.News will be at NFT NYC from April 12 to 14 and we have some exciting news to announce there. We’re always excited to meet the Slamfam, so if you’ll be attending stop by and say hello!', 'Growing up in Malawi, Grey Jabesi spent most of his childhood sleeping on a sand floor. But rather than pursue a path of hard labor on tobacco or cattle farms, Jabesi dreamed of a different life. Upon graduating from high school, he traveled over 2,000 miles to Cape Town, where he marked time as a gardener and laundromat operator while looking for a big break. The eureka moment came in 2013, when Jabesi attended a Reddit AMA where Bill Gates praised Bitcoin’s potential for regular folks to make routine payments in developing countries. The youngster was sold. He started accepting Bitcoin for odd jobs in coding and graphic design. Realizing that he could exchange the signature crypto for U.S. dollars and local currencies, he pivoted to full-time day trader and crypto evangelist.\nJabesi’s trading flourished over the next several years as Bitcoin’s price kept surging. In 2020, he learned of the “Affiliate Program” offered by Binance, the company that in just two years had raced from nowhere to reign as the world’s largest crypto exchange. Having built a following of upwards of 8,000 followers across platforms, Jabesi qualified as a recruiter who could earn big commissions on the trades placed by every user he attracted to register on the global Binance platform. With every trade his referred users make, Binance sends Jabesi rewards equivalent to as much as 40% in commissions. Now, Jabesi says, he makes between $3,000 and $5,000 every month. “I’m from Africa, and if someone sees me standing next to a Lambo dressed nice, at some place that they could never imagine themselves, it will make them believe that ‘Okay, this crypto thing seems to be real, if this guy can make it, I can, too,’” says Jabesi.\nNobody does FOMO quite like crypto influencers. In Sweden, Carl Runefelt uses the handle @TheMoonCarl and invites his 255,000Instagramfollowers to pine over his 1,001-horsepower Bugatti Veyron, tour what he describes as "my yacht" in the Monaco harbor, and his $1 million watch. He even paid to have his face appear on a Formula 2 race car as a high-speed billboard for his brand. In Costa Rica such riches are attainable, at least if you sign up for Finnish “online entrepreneur” Roope (Robert) Kiuttu\'s Binance Affiliate Rewards Bootcamp, a seven-step training program in which aspiring members learn such skills as “transform[ing] your invitees into active users.” And in Manilla, Archie Lim, known to his nearly 100,000 TikTok followers as @archielim.eth, can be found touting the potential upside of myriad coins while inviting viewers to tour the world (he\'s recently been spotted on social media riding the Binance jeepney in Manilla, and posting from a summit in Vietnam).\nWe may be deep into a Crypto Winter, but may not know it perusing some accounts of commission-based influencers around the world who have become a key part of the growth strategy for Binance. Binance incentivizes influencers to rapidly sign up their followers using affiliate codes, then the original influencer gets a cut of every trade each follower makes for their lifetime on the platform. Multiple sources toldFortunethat Binance’s affiliate arm is focused on enlisting influencers whose followers are below the age of 35 and live in developing nations. Crypto proponents argue that such networks expand access to new forms of investment to underserved populations who have been largely ignored by traditional financial institutions. And for those atop the trading structure, the rewards can be huge: A Binance blog post from 2019 reported that the top affiliate made $10.4 million in two years. In an email toFortuneresponding to questions for this story, a Binance spokesperson stated that fewer than 50 affiliates earn over $1 million a year. Still, that means many of these whales are netting paydays that would make Wall Street investment bankers envious.Fortuneinterviewed Binance affiliates in Argentina, Dubai,
**Last 60 Days of Bitcoin's Closing Prices:**
[]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-04-08
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $541,172,301,581
- Hash Rate: 349935510.5526316
- Transaction Count: 318505.0
- Unique Addresses: 661759.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.61
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: (Dominic Lipinski/PA) (PA Archive) The Bank of England has begun a consultation on the introduction of its own digital pound as it seeks to gain a foothold in the unwieldy world of cryptocurrencies and stablecoins. The consultation, which has been launched in conjunction with the Treasury , sets out proposals on how the digital currency would operate and invites businesses and members of the public to review its design and implementation. Is the Bank of England creating its own cryptocurrency ? No – the Bank is clear that it is not seeking to make its own cryptocurrency. Crypto coins like Bitcoin are viewed by the bank as highly speculative and not a substitute for what are known as fiat currencies – currencies issued by central banks. Instead, the Bank says it is seeking to make something similar to stablecoins. A stablecoin is like a cryptocurrency but its value is pegged to a real asset, for example, to the price of a commodity like gold or to existing fiat currencies like the dollar. This means the value of the digital currency will move in line with the value of the pound – instead of moving wildly up and down compared to the pound, as Bitcoin has done over the past year. When will the digital pound launch? A final decision has yet to be made on whether the digital pound will go ahead. If it does, it’s not expected to be launched until towards the end of this decade. What will it be used for? The Bank of England says the user experience for the digital pound will be virtually identical to making payments online today, so it could be used for things like buying stuff off Amazon or Facebook marketplace using a smartphone. Where it will differ though, is the Bank said it can’t be used to earn interest, and at least initially there will be limits on how much each individual can own, so on that basis it’s unlikely to replace traditional bank accounts any time soon. Will it replace cash? No – at least not in the short term. The Bank of England says the introduction of the digital pound is designed to complement existing types of payments like cash, rather than replace them. Usage of the digital pound is expected to be small initially, but if adoption becomes widespread, it could overtake the number of transactions made by cash. How will it differ from other coins? Unlike cryptoassets and stablecoins, the digital pound would be issued by the Bank of England and not the private sector. According to the Bank, this means that it will have intrinsic value and not be volatile, unlike unbacked cryptoassets as there would be a central authority to back it. Could it improve financial stability? The Bank could be concerned that, without a central bank digital currency, digital payments could move towards stablecoins issued by private companies. These coins may be pegged to a currency like the pound but if something happens to the company or the way the coin is managed, that could spook investors, leading to a run on the coin and the collapse of the company, causing individuals and businesses to lose money and threatening the stability of the pound. Story continues Instead, a digital currency issued by the Bank is much less likely to collapse and can be relied upon by individuals and institutions. Are other central banks planning on launching similar products? Yes – the US Federal Reserve and the European Central Bank are also considering proposals to launch their own digital currency for the dollar and the euro. Though they are both no closer to launching one than the Bank of England is. View comments...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
| |
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["Despite going 0-3 against Alex Pereira in kickboxing and the UFC , Israel Adesanya was the betting favorite on Satuday night heading into the highly-anticipated UFC 287 main event with the middleweight title on the line. Much to the satisfaction of his supporters, which included Drake who staked $900,000 USD in Bitcoin on the fighter, Adesanya finally got his revenge as he put Pereira away in the second round with a vicious KO. In the first round, Pereira looked in control as he landed several calf kicks and showed a clear power advantage with his jabs. Full of confidence, it looked to be more of the same heading into the second round. Cornering Izzy against the cage, Pereira began landing combinations as his opponent covered up. However, Adesanya was playing possum, as he admitted later, and fired off several quick right hands and a hammerfist, knocking Pereira out cold to regain the UFC middleweight title. Prior to the fight, Pereira comes off a seven-fight win streak and is the only man to have knocked Adesanya out in competition. Performance of the night went to Israel Adesanya and Rob Font while Fight of the Night went to Chris Curtis and Kelvin Gastelum. Other highlights of the night include Gilbert Burns' victory over Jorge Masvidal . After more than 20 years and 50 fights, Masvidal announced his retirement where it all started for him, in the city of Miami. Take a look at some of the highlights below and stay tuned for more details. Go Octagon-side for THE knockout of the night ? #UFC287 pic.twitter.com/RSB0P6aiZq \x97 UFC (@ufc) April 9, 2023 It doesn't get more inspirational than THIS ? Pure joy for @Stylebender #UFC287 pic.twitter.com/fVhL9HyYxH \x97 UFC (@ufc) April 9, 2023 Stylebender and Poatan exchange words after their latest battle ? There is no sport like Mixed Martial Arts. #UFC287 pic.twitter.com/qo57Azkfbs \x97 UFC (@ufc) April 9, 2023 After a storied career in the fight game, @GamebredFighter is calling it a career THANK YOU JORGE ? #UFC289 pic.twitter.com/XrpDQiTEpl \x97 UFC (@ufc) April 9, 2023 In other news, New Balance crafts custom baseball glove for Shohei Ohtani.", "Despite going 0-3 against Alex Pereira in kickboxing and the UFC , Israel Adesanya was the betting favorite on Satuday night heading into the highly-anticipated UFC 287 main event with the middleweight title on the line. Much to the satisfaction of his supporters, which included Drake who staked $900,000 USD in Bitcoin on the fighter, Adesanya finally got his revenge as he put Pereira away in the second round with a vicious KO. In the first round, Pereira looked in control as he landed several calf kicks and showed a clear power advantage with his jabs. Full of confidence, it looked to be more of the same heading into the second round. Cornering Izzy against the cage, Pereira began landing combinations as his opponent covered up. However, Adesanya was playing possum, as he admitted later, and fired off several quick right hands and a hammerfist, knocking Pereira out cold to regain the UFC middleweight title. Prior to the fight, Pereira comes off a seven-fight win streak and is the only man to have knocked Adesanya out in competition. Performance of the night went to Israel Adesanya and Rob Font while Fight of the Night went to Chris Curtis and Kelvin Gastelum. Other highlights of the night include Gilbert Burns' victory over Jorge Masvidal . After more than 20 years and 50 fights, Masvidal announced his retirement where it all started for him, in the city of Miami. Take a look at some of the highlights below and stay tuned for more details. Go Octagon-side for THE knockout of the night ? #UFC287 pic.twitter.com/RSB0P6aiZq \x97 UFC (@ufc) April 9, 2023 It doesn't get more inspirational than THIS ? Pure joy for @Stylebender #UFC287 pic.twitter.com/fVhL9HyYxH \x97 UFC (@ufc) April 9, 2023 Stylebender and Poatan exchange words after their latest battle ? There is no sport like Mixed Martial Arts. #UFC287 pic.twitter.com/qo57Azkfbs \x97 UFC (@ufc) April 9, 2023 After a storied career in the fight game, @GamebredFighter is calling it a career THANK YOU JORGE ? #UFC289 pic.twitter.com/XrpDQiTEpl \x97 UFC (@ufc) April 9, 2023 In other news, New Balance crafts custom baseball glove for Shohei Ohtani.", '(Getty Images) A secret Bitcoin document is hiding inside every modern Mac . Any Mac computer that has been updated to use a version of the MacOS operating system since 2018 is hiding a copy of the “Bitcoin Whitepaper”, a technology blogger has found. The Bitcoin Whitepaper was written in 2008, by a person or group of people calling themselves Satoshi Nakamoto and whose real identity has never been found. The document not only details how the cryptocurrency works, but also explains in detail the thinking behind why it was created in the first place. As a result, it has become an important document to those advocating for Bitcoin and cryptocurrencies in general. That may be the reason that it was seemingly quietly added to the software, presumably by an engineer working on MacOS. Anyone can open it, simply by looking inside the files for a device called “Virtual Scanner II”. The document appears to have been added as a sample file for that utility, and it may just have been a useful, short document to use as an example. The secret document was found by Andy Baio, the blogger and technologist. He noted that despite the file being inside the software for five years, there was very little discussion of it online. Apple has not given any information about how the file came to be added to MacOS. The company did not immediately respond to a request for comment from The Independent . Mr Baio said that he had received a tip-off that the existence was filed as an issue a year ago, and that it was assigned to the engineer who added it, but that there has not been any update since. Officially, Apple has stayed largely separate from cryptocurrency, even as it moves into more traditional financial services such as payments and lending. In 2021, chief executive Tim Cook said Apple was “looking at” cryptocurrencies and that he had invested in it personally . But he said that the company did not have “immediate plans” to move into it.', '(Getty Images) A secret Bitcoin document is hiding inside every modern Mac . Any Mac computer that has been updated to use a version of the MacOS operating system since 2018 is hiding a copy of the “Bitcoin Whitepaper”, a technology blogger has found. The Bitcoin Whitepaper was written in 2008, by a person or group of people calling themselves Satoshi Nakamoto and whose real identity has never been found. The document not only details how the cryptocurrency works, but also explains in detail the thinking behind why it was created in the first place. As a result, it has become an important document to those advocating for Bitcoin and cryptocurrencies in general. That may be the reason that it was seemingly quietly added to the software, presumably by an engineer working on MacOS. Anyone can open it, simply by looking inside the files for a device called “Virtual Scanner II”. The document appears to have been added as a sample file for that utility, and it may just have been a useful, short document to use as an example. The secret document was found by Andy Baio, the blogger and technologist. He noted that despite the file being inside the software for five years, there was very little discussion of it online. Apple has not given any information about how the file came to be added to MacOS. The company did not immediately respond to a request for comment from The Independent . Mr Baio said that he had received a tip-off that the existence was filed as an issue a year ago, and that it was assigned to the engineer who added it, but that there has not been any update since. Officially, Apple has stayed largely separate from cryptocurrency, even as it moves into more traditional financial services such as payments and lending. In 2021, chief executive Tim Cook said Apple was “looking at” cryptocurrencies and that he had invested in it personally . But he said that the company did not have “immediate plans” to move into it.', '(Getty Images) A secret Bitcoin document is hiding inside every modern Mac . Any Mac computer that has been updated to use a version of the MacOS operating system since 2018 is hiding a copy of the “Bitcoin Whitepaper”, a technology blogger has found. The Bitcoin Whitepaper was written in 2008, by a person or group of people calling themselves Satoshi Nakamoto and whose real identity has never been found. The document not only details how the cryptocurrency works, but also explains in detail the thinking behind why it was created in the first place. As a result, it has become an important document to those advocating for Bitcoin and cryptocurrencies in general. That may be the reason that it was seemingly quietly added to the software, presumably by an engineer working on MacOS. Anyone can open it, simply by looking inside the files for a device called “Virtual Scanner II”. The document appears to have been added as a sample file for that utility, and it may just have been a useful, short document to use as an example. The secret document was found by Andy Baio, the blogger and technologist. He noted that despite the file being inside the software for five years, there was very little discussion of it online. Apple has not given any information about how the file came to be added to MacOS. The company did not immediately respond to a request for comment from The Independent . Mr Baio said that he had received a tip-off that the existence was filed as an issue a year ago, and that it was assigned to the engineer who added it, but that there has not been any update since. Officially, Apple has stayed largely separate from cryptocurrency, even as it moves into more traditional financial services such as payments and lending. In 2021, chief executive Tim Cook said Apple was “looking at” cryptocurr
**Last 60 Days of Bitcoin's Closing Prices:**
[]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-04-09
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $539,259,490,219
- Hash Rate: 347554996.87540287
- Transaction Count: 278404.0
- Unique Addresses: 570129.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.61
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Physical cryptocurrency coins of Bitcoin (BTC) in front of the logo of Apple The original bitcoin manifesto has been shoved into every version of macOS since 2018. An Apple developer left one of the strangest Easter eggs hidden in the macOS, offering a surprising and baffling connection between the Cupertino tech companys mainline operating system to everybodys ( least ) favorite cryptographic digital currency. On his Waxy.org blog, tech dev Andy Baio reported Thursday he made a surprise discovery, finding the original bitcoin whitepaper written by the presumed pseudonym Satoshi Nakamoto had been shoved inside every single copy of macOS since 2018. The document, titled Bitcoin: A Peer-to-Peer Electronic Cash System , was first published in 2008 and described how to set up access to and mine the blockchain-based cryptocurrency. Just a year later, the person under the Nakamoto name launched the first version of the bitcoin network. Read more These Winning Close-Up Photos Show Life That's Often Overlooked Remembering Enterprise: The Test Shuttle That Never Flew to Space How To Drop a Pin in Google Maps Any device running macOS Mojave 10.18 or later can access the document. Users who want to access the document only need to open a macOS terminal and enter: open /System/Library/Image\ Capture/Devices/VirtualScanner.app/Contents/Resources/simpledoc.pdf Gizmodo confirmed the document popped up on preview on a MacBook Air running macOS 12.5.1 as well as more modern versions of the OS. The document is stuffed deep in the operating systems resources, requiring the image capture Virtual Scanner II Device. MacRumors suggested it could be a sample document for the system that could power Macs feature letting users transfer photos from iPhone or iPads to Macs, though iCloud is a much easier option for data transfer. The entire thing is a greater mystery, as back in 2020 Joshua Dickens, a former product designer at Apple, tweeted about the whitepaper. He also found a strange photo in the resources folder, which California-based photographer Thomas Hawk claimed was a sign from Treasure Island in San Francisco he took back in 2018. Story continues That 6 was on Treasure Island in San Francisco in 2008 which was when I took that photo. :) https://t.co/KKGq21m4cp Thomas Hawk (@thomashawk) October 20, 2021 Gizmodo reached out to Apple for comment, but we did not immediately hear back. Users on Apples own forums were pointing out the irregularities of the Virtual Scanner II Device back in 2021, though no Apple representative ever commented on it. Baio further claimed based on an anonymous source that somebody at Apple had filed the document as an issue close to a year ago, but that the issue was assigned to the same engineer who originally installed the document into the OS. As is plain by the white papers continuing existence, nothings really changed in that time. It certainly makes sense that there could be a developer at Apple who used the bitcoin white paper as a test for one of macOS backend scanning systems, and then just left it in the code where nobody was looking for it. Still, the political environment surrounding cryptocurrencies is not exactly stable, especially as crypto hacks, robberies, and other crimes have expanded even as bitcoin prices dropped precipitously last year compared to 2021 highs. Theres still quite a lot of speculation about if Nakamoto was a real person or, more likely, a pseudonym. Past investigations by Gizmodo and others have pointed to Australian academic and entrepreneur Craig Wright as involved in bitcoins creation . Still, some remain highly skeptical that he was behind it all , and instead claim other early bitcoin developers as the real minds behind cryptos nascent beginnings . And making such proclamations havent helped Wrights wallet either, as hes had to pay $100 million in compensatory damages to the family of Dave Kleiman, one of bitcoins supposed original founders. Kleimans brother claimed Wright cheated the developer out of intellectual property rights for bitcoin. More from Gizmodo The Best College Science and Tech Programs Fast Food Apps, Ranked Sign up for Gizmodo's Newsletter. For the latest news, Facebook , Twitter and Instagram . Click here to read the full article....
- Reddit Posts (Sample): [['u/Musclemum', 'eToro, IBKR, Tranding212 or GoTrade? (Suggestion please)', 22, '2023-04-09 01:09', 'https://www.reddit.com/r/phinvest/comments/12g1jmv/etoro_ibkr_tranding212_or_gotrade_suggestion/', "Hello! Which of these brokers are beginner friendly? How much is their starting investment needed? deposit and withdrawal options. Pros and cons?\n\nAlso if you have another suggestions you can give? :)\n\nBackground: I'm a begginner in US stock trading, I'd really appreciate your options regarding these brokers. I've read some posts/comments regarding these brokers but almost all of them are from 2-3 years ago.\n\nP.S I actually have not started any stocks yet (beginner) but I'm opening PH broker which is COL this week and I'm seriously considering international market na din, I just don't know which broker to start first. I also have started but small amounts of BTC and ETH (through coins.ph lng around 2019 and may na gain nman noong 2020 during it's peak, cinnonvert ko lng nag stop din and now I want to go back, but with Maya kasi makita mo talaga sng summary unlike sa coins.p). Now realizing, if I haven't stopped learning on invested, I could've already started investing in stocks (PH & US). Kaso nga lng na busy sa work and workingout lol. So now I'm going back to finally chasing my dream to financial freedom. lol\n\nSorry for the grammar lapses and sa magulong story :)\n\nThank you!", 'https://www.reddit.com/r/phinvest/comments/12g1jmv/etoro_ibkr_tranding212_or_gotrade_suggestion/', '12g1jmv', [['u/logcarryingguy', 16, '2023-04-09 02:31', 'https://www.reddit.com/r/phinvest/comments/12g1jmv/etoro_ibkr_tranding212_or_gotrade_suggestion/jfigxdb/', 'I’m using GoTrade and I can say it’s a very beginner-friendly platform. You can cash in easily from BPI or UnionBank. If you’re not going to do more intense day trading activities, then GoTrade is a good one.', '12g1jmv'], ['u/dongjerms', 10, '2023-04-09 03:46', 'https://www.reddit.com/r/phinvest/comments/12g1jmv/etoro_ibkr_tranding212_or_gotrade_suggestion/jfiq42s/', 'For ease of use, funding, you’re a newbie, and if you’re in the Philippines, use GoTrade. If you’re in the US, use IBKR. IBKR will look so complex to use for a beginner, and if you dont have the patience, you will end up hating it. IBKR also offers stocks/etf from different countries, I am not sure about GoTrade. In terms of stability, IBKR is a large company compared to GoTrade. They have the lowest fees in the US. They even give around 4% interest rate for unused cash if your balance is >$10K. \n\nI dont have much experience with the other two mentioned. I think in etoro you only trade CFDs, not actual shares? I maybe wrong.', '12g1jmv']]], ['u/Sylerb', "Why you should be using Linux while moving coins on MM etc, and why it isn't as hard as it seems", 32, '2023-04-09 02:20', 'https://www.reddit.com/r/CryptoCurrency/comments/12g38pt/why_you_should_be_using_linux_while_moving_coins/', 'Most people here seem to keep on using windows while transacting in crypto, making their hot wallets vulnerable for all types of hacks. Now, I understand why people don\'t like using Linux: it is seen as the OS for teckies and nerds who like to write a hundred lines of code just to open a browser. \n\nWell, sometimes that\'s the case, but Linux can be as easy to use as windows when you choose the right distribution. Linux may seem hard to use because its users like to portray themselves as kings of technlogy who can hack NASA with their terminal (even in movies Linux is glorified), but that\'s just like the herd mentality we have in crypto (we tend to look down on those who have less btc than we do, or those who know nothing about crypto).\n\nFirst of all, you need to understand that hacking Linux is much harder than hacking windows, and to simplify it, you could say that viruses actually can\'t exist in Linux. This doesn\'t mean that linux can\'t get hacked though, it can, but usually when its user runs compromised pieces of code in the terminal.\n\nSecond, not all linux distributions are made for nerds, some like Ubuntu for example are so easy to learn and use. All you need to do is to learn the basic commands to update your system and "upgrade it" (you\'ll learn what that means later on). There are websites like linuxjourney that help you learn commands in a gamified way.\n\nFinally, I get that most of you have work programs to use or want to play games, which makes windows more convinient, but you can learn how to dual-boot your system(as in install windows and linux on the same machine), or buy a cheap pc just to run linux on it (even an old laptop worth 100$ can run it smoothly). Alongside the extra protection, you get to customize your system to your liking( check out r/unixporn) and you are protecting your privacy from the windows trackers.\n\nLet me know if you have any questions(I use arch btw!)', 'https://www.reddit.com/r/CryptoCurrency/comments/12g38pt/why_you_should_be_using_linux_while_moving_coins/', '12g38pt', [['u/rorowhat', 12, '2023-04-09 02:33', 'https://www.reddit.com/r/CryptoCurrency/comments/12g38pt/why_you_should_be_using_linux_while_moving_coins/jfih5ad/', 'There are virus in Linux as well, just less of them.', '12g38pt'], ['u/anonfiles311', 11, '2023-04-09 02:38', 'https://www.reddit.com/r/CryptoCurrency/comments/12g38pt/why_you_should_be_using_linux_while_moving_coins/jfihv5x/', "Linux Mint is on all of my PCs now. I recommend it as it's very similar in layout to Windows, great GUI and has an update manager. I have Windows 10 installed in VirtualBox only for when I need it.", '12g38pt']]], ['u/Oheson', 'Bitcoin is the best-performing asset', 59, '2023-04-09 02:45', 'https://www.reddit.com/r/CryptoCurrency/comments/12g3t09/bitcoin_is_the_bestperforming_asset/', 'Bitcoin is much more than its fiat value, however, if we just focus on Bitcoin as a fiat investment vehicle over at least a 10-year timeframe, it is the best-performing asset. Yes, there may be diminishing returns for the next 10 years, but everyone should have at least a 10-year mindset when investing in Bitcoin.\n\nhttps://preview.redd.it/niq52eyh9rsa1.png?width=1039&format=png&auto=webp&v=enabled&s=a220e51eb5094320fa0229547a9560c0c09699f8\n\nThis is what people mean when they say "zoom-out".\n\nAlt coins may or may not outperform Bitcoin in the short term, but use Bitcoin as a modern "bank" to maintain your wealth.', 'https://www.reddit.com/r/CryptoCurrency/comments/12g3t09/bitcoin_is_the_bestperforming_asset/', '12g3t09', [['u/Maxx3141', 15, '2023-04-09 03:06', 'https://www.reddit.com/r/CryptoCurrency/comments/12g3t09/bitcoin_is_the_bestperforming_asset/jfil7ol/', "I'm a big BTC fan, but with 2011 this isn't even surprising. If you would make it 2009, it will start with a BTC price of 0. Obviously BTC will outperform any asset in this time range.\n\nIn 2011 the BTC price was also just in a price range between 0.50$ and 25$. At 5$ it was about the same market cap as Moons today.", '12g3t09'], ['u/milonuttigrain', 12, '2023-04-09 03:27', 'https://www.reddit.com/r/CryptoCurrency/comments/12g3t09/bitcoin_is_the_bestperforming_asset/jfinsli/', 'It is as usual, a cherry pick post with start date and end date in order to confirm the narrative.\n\nAlso market cap for crypto is far smaller than stock and commodity.', '12g3t09']]], ['u/AutoModerator', '[Daily Discussion] - Sunday, April 09, 2023', 32, '2023-04-09 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/12g85zp/daily_discussion_sunday_april_09_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/12g85zp/daily_discussion_sunday_april_09_2023/', '12g85zp', [['u/Passive_Bloke', 26, '2023-04-09 06:05', 'https://www.reddit.com/r/BitcoinMarkets/comments/12g85zp/daily_discussion_sunday_april_09_2023/jfj5y2p/', 'I’m watching a crow walk along my fence. More interesting than btc charts right now.', '12g85zp'], ['u/skycake21', 19, '2023-04-09 06:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/12g85zp/daily_discussion_sunday_april_09_2023/jfj8b52/', 'Ayo! Look at this high roller over here with a fence!', '12g85zp'], ['u/EquitiesFIRE', 11, '2023-04-09 06:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/12g85zp/daily_discussion_sunday_april_09_2023/jfj8ezm/', 'The halvening is coming', '12g85zp'], ['u/Snaggletoothlover', 10, '2023-04-09 07:02', 'https://www.reddit.com/r/BitcoinMarkets/comments/12g85zp/daily_discussion_sunday_april_09_2023/jfjbny2/', 'All hail the eternal crab 🦀', '12g85zp'], ['u/Essexal', 13, '2023-04-09 11:44', 'https://www.reddit.com/r/BitcoinMarkets/comments/12g85zp/daily_discussion_sunday_april_09_2023/jfjx7f7/', 'White paper found on Macs, Pelosi goes balls deep with the AAPL calls.\n\nProbably unrelated. She’s only a politician and not a master inside trader. \n\nThe secret ingredient is crime.', '12g85zp'], ['u/xtal_00', 10, '2023-04-09 12:08', 'https://www.reddit.com/r/BitcoinMarkets/comments/12g85zp/daily_discussion_sunday_april_09_2023/jfjyufo/', 'This thing is your mom tight.\n\nStill long and along for the ride. \n\nI’m betting on up, but we might see some darth maul in here.', '12g85z...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Ethereum\'s Shanghai upgrade is a few days away, but that isn\'t translating into selling pressure because most staked ether is at a loss. Insights: In his latest Money Reimagined column, CoinDesk Chief Content Officer Michael Casey argues that the recent backlash against the crypto industry stems from the alleged misdeeds of disgraced FTX CEO Sam Bankman-Fried. Prices CoinDesk Market Index (CMI) 1,225 +11.6 ▲ 1.0% Bitcoin (BTC) $28,383 +355.3 ▲ 1.3% Ethereum (ETH) $1,863 +8.4 ▲ 0.5% S&P 500 4,105.02 +14.6 ▲ 0.4% Gold $2,018 +6.1 ▲ 0.3% Nikkei 225 27,518.31 +45.7 ▲ 0.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,225 +11.6 ▲ 1.0% Bitcoin (BTC) $28,383 +355.3 ▲ 1.3% Ethereum (ETH) $1,863 +8.4 ▲ 0.5% S&P 500 4,105.02 +14.6 ▲ 0.4% Gold $2,018 +6.1 ▲ 0.3% Nikkei 225 27,518.31 +45.7 ▲ 0.2% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Is a Sharp Move in the Offing? Good morning Asia. Bitcoin is opening the Asia trading week up 1.3% at $28,383, while ether is up 0.5% to $1,863. The CoinDesk Market Index , a measure of the overall crypto market\'s performance, is up about 1%. “The market leader has traded in a very tight range in the last week, barely moving much. Such consolidation, along with lowering volume, could indicate that a sharp move is around the corner,” Joe DiPasquale, CEO of Bitbull Capital, said in a note to CoinDesk. DiPasquale said that a correction toward $25,000 wouldn\'t “break the bullish structure, whereas a move to $30K is likely to face resistance.” “The market sentiment currently remains positive, and we may see select altcoins perform decently if bitcoin remains in the current range for longer,” he added. Ether\'s relatively flat performance may allay fears that the Ethereum blockchain\'s Shanghai software upgrade, scheduled for mid-week, will bring selling pressure . Story continues CryptoQuant wrote in a research report from February that the majority of ether staked was at a loss, with the average loss at 18%. “Typically, selling pressure emerges when market participants are sitting on extreme profits, which is not the case right now for the ether that has been staked,” the firm wrote. Biggest Gainers Asset Ticker Returns DACS Sector Dogecoin DOGE +1.6% Currency Bitcoin BTC +1.2% Currency Solana SOL +0.9% Smart Contract Platform Biggest Losers Asset Ticker Returns DACS Sector Terra LUNA −2.6% Smart Contract Platform Polygon MATIC −0.4% Smart Contract Platform XRP XRP −0.1% Currency Insights SBF, Revenge and the Future of Global Crypto Leadership With Washington policymaking, it’s worth remembering that governments, like all human organizations, are made up of, well, humans – complicated creatures whose emotions often undermine their capacity for rational decision making. Last week, I warned of a dangerous politicization trend in U.S. crypto policy following a barrage of regulatory enforcement actions taken against this industry. I remain concerned about that trend, but my view is now slightly more nuanced thanks to the insights of two people with very good D.C. connections. They explained how emotions – specifically anger and embarrassment – played a huge role in driving those policy actions. It reminded me of the importance of clear, inviolable rules of governance, whether they’re baked into democratic institutions such as the U.S. Constitution or forged into consensus mechanisms used by open-source software communities, like those attached to blockchain protocols. Regulation by retribution Among a string of “Thanks Sam” moments these past five months, this one takes the cake. You can argue that the crackdown against Kraken , Coinbase , Paxos , Binance and others was driven significantly by a desire to punish Sam Bankman-Fried, the erstwhile founder of FTX, whose mind-blowingly rapid collapse in November sent shock waves through the crypto industry. This is how one of my sources described the mindset of Biden administration officials and of lawmakers from both political parties: “You can’t come into their house, slosh that kind of money around, leave politicians with egg on their faces and not expect to pay a huge price.” He was referring to the fact that before the FTX meltdown, politicians – mostly Democrats but also some Republicans – had been beneficiaries of more than $74 million in political donations from FTX and had forged connections with Bankman-Fried, who had wooed progressives with his “effective altruism” commitments. (A CoinDesk investigation found that one-third of Congress took money from Bankman-Fried or his associates.) Find the full story here : Important events. International Monetary Fund meeting 1 p.m. HKT/SGT(5 a.m. UTC): Japan consumer confidence and Eco Watchers survey (March) 8:15 p.m. (UTC): New York Fed President John C. Williams speech CoinDesk TV In case you missed it, here is the most recent episode of The Hash on CoinDesk TV : U.S. Treasury Says DeFi Threatens National Security; MacOS Mystery Over Hidden Bitcoin White Paper "The Hash" tackles today\'s hot topics: The U.S. Treasury Department dropped its first report assessing the risks of decentralized finance . Some crypto traders are warning about the market outlook for Shiba Inu dog-themed meme coins. India is planning to rapidly scale its central bank digital currency testing of the digital rupee. Plus, is there a secret Bitcoin maxi working at Apple (AAPL)? Headlines Jump in Shiba Inu Breed-Themed Tokens Is Unsustainable, Crypto Traders Warn: Meme coins have outperformed the broader crypto markets in recent days, but some say profit-taking could reverse the rally. Bank of England Targets 30-Strong Team for Digital Currency: Report Among the positions available: Digital Pound Security Architect and Digital Pound Solutions Architect. Sushi DEX Approval Contract Exploited For $3.3M: Developers asked users to revoke contracts as a security measure early Sunday. Drugs, Erratic Dismissals and Feuding Founders: Behind Bitcoin Marketplace Paxful’s Unraveling: Founded in 2015, Paxful became one of the most popular places to buy bitcoin in Africa and other emerging markets, with more than 200 employees. Behind the scenes, staff took paid trips to music festivals, bosses fought, dismissals reportedly occurred on a whim and the smell of cannabis permeated the office.', 'Join the most important conversation in crypto and web3! Secure your seat today\nGood morning. Here’s what’s happening:\nPrices:Ethereum\'s Shanghai upgrade is a few days away, but that isn\'t translating into selling pressure because most staked ether is at a loss.\nInsights:In his latest Money Reimagined column, CoinDesk Chief Content Officer Michael Casey argues that the recent backlash against the crypto industry stems from the alleged misdeeds of disgraced FTX CEO Sam Bankman-Fried.\nCoinDesk Market Index (CMI)\n1,225\n+11.6▲1.0%\nBitcoin (BTC)\n$28,383\n+355.3▲1.3%\nEthereum (ETH)\n$1,863\n+8.4▲0.5%\nS&P 500\n4,105.02\n+14.6▲0.4%\nGold\n$2,018\n+6.1▲0.3%\nNikkei 225\n27,518.31\n+45.7▲0.2%\nBTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)\n[["1,225", "+11.6\\u25b21.0%"], {"CoinDesk Market Index (CMI)": "Bitcoin (BTC)"}, ["$28,383", "+355.3\\u25b21.3%"], {"CoinDesk Market Index (CMI)": "Ethereum (ETH)"}, ["$1,863", "+8.4\\u25b20.5%"], {"CoinDesk Market Index (CMI)": "S&P 500"}, ["4,105.02", "+14.6\\u25b20.4%"], {"CoinDesk Market Index (CMI)": "Gold"}, ["$2,018", "+6.1\\u25b20.3%"], {"CoinDesk Market Index (CMI)": "Nikkei 225"}, ["27,518.31", "+45.7\\u25b20.2%"], {"CoinDesk Market Index (CMI)": "BTC/ETH prices perCoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)"}]\nIs a Sharp Move in the Offing?\nGood morning Asia.\nBitcoin is opening the Asia trading week up 1.3% at $28,383, while ether is up 0.5% to $1,863.\nTheCoinDesk Market Index, a measure of the overall crypto market\'s performance, is up about 1%.\n“The market leader has traded in a very tight range in the last week, barely moving much. Such consolidation, along with lowering volume, could indicate that a sharp move is around the corner,” Joe DiPasquale, CEO of Bitbull Capital, said in a note to CoinDesk.\nDiPasquale said that a correction toward $25,000 wouldn\'t “break the bullish structure, whereas a move to $30K is likely to face resistance.”\n“The market sentiment currently remains positive, and we may see select altcoins perform decently if bitcoin remains in the current range for longer,” he added.\nEther\'s relatively flat performance may allay fears that the Ethereum blockchain\'s Shanghai software upgrade, scheduled for mid-week,will bring selling pressure.\nCryptoQuant wrote in aresearch report from Februarythat the majority of ether staked was at a loss, with the average loss at 18%.\n“Typically, selling pressure emerges when market participants are sitting on extreme profits, which is not the case right now for the ether that has been staked,” the firm wrote.\n[{"Asset": "Dogecoin", "Ticker": "DOGE", "Returns": "+1.6%", "DACS Sector": "Currency"}, {"Asset": "Bitcoin", "Ticker": "BTC", "Returns": "+1.2%", "DACS Sector": "Currency"}, {"Asset": "Solana", "Ticker": "SOL", "Returns": "+0.9%", "DACS Sector": "Smart Contract Platform"}]\n[{"Asset": "Terra", "Ticker": "LUNA", "Returns": "\\u22122.6%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "Polygon", "Ticker": "MATIC", "Returns": "\\u22120.4%", "DACS Sector": "Smart Contract Platform"}, {"Asset": "XRP", "Ticker": "XRP", "Returns": "\\u22120.1%", "DACS Sector": "Currency"}]\nSBF, Revenge and the Future of Global Crypto Leadership\nWith Washington policymaking, it’s worth remembering that governments, like all human organizations, are made up of, well, humans – complicated creatures whose emotions often undermine their capacity for rational decision making.\nLast week,I warned of a dangerous politiciza
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-04-10
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $548,081,464,700
- Hash Rate: 292803182.2991408
- Transaction Count: 289625.0
- Unique Addresses: 633252.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.62
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Join the most important conversation in crypto and web3! Secure your seat today
The crypto Fear and Greed index, a metric that aims to measure current sentiment in the market, dipped to 59 on Tuesday, sliding from a nearly 18-month high of 68 reached one week ago, according to data fromalternative.me.
Readings above 50 indicate market sentiment has moved into the "greed" stage, while those below 50 indicate "fear." The index hadn't been as high as 68 since November 2021 when bitcoin (BTC) reached an all-time record above $69,000.
Although the gauge has declined since last week to 59, it remains in the "greed" zone, suggesting investor sentiment for now remains bullish.
Throughout most of 2022, the index was stuck in the "fear" and "extreme fear" territories for good reason. Crypto prices collapsed during a wave of bad news and bankruptcies in the industry.
The rebound to "greed" in 2023 came as crypto prices bounced despite a growing number of regulatory crackdowns and macroeconomic fears. Bitcoin was recently just shy of $27,000 after starting the year around $16,500.
“Bitcoin is displaying such unbelievable resilience to what is happening around it, even in the crypto industry,” wrote Craig Erlam, senior analyst at Oanda, in a market note. He added that it’s important to wonder how sustainable this can be in the longer term.
The U.S. Commodity Futures Trading Commission (CFTC) issuingcrypto exchange Binance and founder Changpeng Zhao on allegations the company knowingly offered unregistered crypto derivatives products in the U.S. against federal law. Bitcoin dropped about 3% following the news.
“While bitcoin did fall a few percent in response to reports that the CFTC is suing Binance, the drop doesn't feel particularly significant,” said Erlam, “especially in light of the gains we've seen in recent weeks and this year as a whole.
“Of course, that isn't to say it's suddenly going to plunge but it will no doubt be interesting to see how it performs over the coming weeks, especially if further turbulence is coming for the industry.”...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['The price of Bitcoin and gold surged in March after Silicon Valley Bank led a string of bank failures and liquidity crises. Few analysts were surprised by these price movements as both are used to circumvent banks and other centralized financial institutions. The question is, which one is a better choice in the current economic climate?\nRay Dalio, the founder of the world\'s largest hedge fund, Bridgewater Associates, has weighed in on the great Bitcoin vs. gold or digital gold vs. real gold debate. Few were surprised to hear his opinion as he is well known for his bullish stance on gold. In an interview with Maria Bartiromo at Fox Business, Dalio expressed that he much prefers gold over Bitcoin, even though he said that he holds a small amount of Bitcoin.\nDalio hassoured further on Bitcoinsince the interview, saying that Bitcoin “has no relation to anything” and that it receives disproportionate attention. Dalio believes that Bitcoin\'s status as a form of digital gold is still unproven, citing concerns that it’s too volatile to be money or a store of value. He acknowledges the potential of blockchain tech; he just doesn’t think Bitcoin will be the one to win out.\nIn contrast, gold is stable because it has been a reliable store of value and medium of exchange for thousands of years. Its stability, scarcity and inherent value make it a trusted asset for preserving wealth.\nDalio has emphasized that he is not opposed to cryptocurrencies in general but remains skeptical of their ability to replace gold. He has previously stated that he owns "some Bitcoin," but his personal investments in the digital asset have been limited compared to his holdings in gold.\nOne of the main arguments against Bitcoin as a store of value is its volatility. Although the digital asset has seen a meteoric rise in value over the past decade, it has also experienced significant price fluctuations. In contrast, gold\'s price has remained relatively stable, providing investors with a more secure option for preserving their wealth.\nAnother concern Dalio has raised is the possibility of government intervention in the cryptocurrency market. In arecent podcast, he warned that “in history, they’ve outlawed gold and they’ve outlawed silver and so on, and they could outlaw Bitcoin.” He isn’t the only one who expects world governments to try to shut down a currency they have no control over before it supplants their own.\nAs governments around the world start to pay closer attention to digital assets, there is a growing risk of regulatory crackdowns that could impact Bitcoin\'s value and adoption. Gold, on the other hand, is less likely to face such intervention because it’s a physical asset, it already plays a large role in the global economy and would be extremely difficult to ban. It can also provide unique exposure to things likevolatility and fearin the markets, making it a popular tool for diversification and hedging.\nInvestors are turning to gold and silver in droves to protect their portfolios as uncertainty rises in the economy. Check outBenzinga’s Precious Metals Hubto master the sector and discover the best precious metals trading platforms.\nCheck Out More Precious Metals Articles From Benzinga:\n• Is Silver the Next Gamestop? How Retail Traders Challenged Wall Street Giants Again\n• 3 Things You’ll Want if Sh*t Hits the Fan\n• Will Bank Runs and Failures Cause a Run on Gold and Silver? How Precious Metals Can Protect Your Wealth\nDon\'t miss real-time alerts on your stocks - joinBenzinga Profor free!Try the tool that will help you invest smarter, faster, and better.\nThis articleBitcoin vs. Gold: Here\'s What the Founder of the World\'s Largest Hedge Fund Would Chooseoriginally appeared onBenzinga.com\n.\n© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'The price of Bitcoin and gold surged in March after Silicon Valley Bank led a string of bank failures and liquidity crises. Few analysts were surprised by these price movements as both are used to circumvent banks and other centralized financial institutions. The question is, which one is a better choice in the current economic climate?\nRay Dalio, the founder of the world\'s largest hedge fund, Bridgewater Associates, has weighed in on the great Bitcoin vs. gold or digital gold vs. real gold debate. Few were surprised to hear his opinion as he is well known for his bullish stance on gold. In an interview with Maria Bartiromo at Fox Business, Dalio expressed that he much prefers gold over Bitcoin, even though he said that he holds a small amount of Bitcoin.\nDalio hassoured further on Bitcoinsince the interview, saying that Bitcoin “has no relation to anything” and that it receives disproportionate attention. Dalio believes that Bitcoin\'s status as a form of digital gold is still unproven, citing concerns that it’s too volatile to be money or a store of value. He acknowledges the potential of blockchain tech; he just doesn’t think Bitcoin will be the one to win out.\nIn contrast, gold is stable because it has been a reliable store of value and medium of exchange for thousands of years. Its stability, scarcity and inherent value make it a trusted asset for preserving wealth.\nDalio has emphasized that he is not opposed to cryptocurrencies in general but remains skeptical of their ability to replace gold. He has previously stated that he owns "some Bitcoin," but his personal investments in the digital asset have been limited compared to his holdings in gold.\nOne of the main arguments against Bitcoin as a store of value is its volatility. Although the digital asset has seen a meteoric rise in value over the past decade, it has also experienced significant price fluctuations. In contrast, gold\'s price has remained relatively stable, providing investors with a more secure option for preserving their wealth.\nAnother concern Dalio has raised is the possibility of government intervention in the cryptocurrency market. In arecent podcast, he warned that “in history, they’ve outlawed gold and they’ve outlawed silver and so on, and they could outlaw Bitcoin.” He isn’t the only one who expects world governments to try to shut down a currency they have no control over before it supplants their own.\nAs governments around the world start to pay closer attention to digital assets, there is a growing risk of regulatory crackdowns that could impact Bitcoin\'s value and adoption. Gold, on the other hand, is less likely to face such intervention because it’s a physical asset, it already plays a large role in the global economy and would be extremely difficult to ban. It can also provide unique exposure to things likevolatility and fearin the markets, making it a popular tool for diversification and hedging.\nInvestors are turning to gold and silver in droves to protect their portfolios as uncertainty rises in the economy. Check outBenzinga’s Precious Metals Hubto master the sector and discover the best precious metals trading platforms.\nCheck Out More Precious Metals Articles From Benzinga:\n• Is Silver the Next Gamestop? How Retail Traders Challenged Wall Street Giants Again\n• 3 Things You’ll Want if Sh*t Hits the Fan\n• Will Bank Runs and Failures Cause a Run on Gold and Silver? How Precious Metals Can Protect Your Wealth\nDon\'t miss real-time alerts on your stocks - joinBenzinga Profor free!Try the tool that will help you invest smarter, faster, and better.\nThis articleBitcoin vs. Gold: Here\'s What the Founder of the World\'s Largest Hedge Fund Would Chooseoriginally appeared onBenzinga.com\n.\n© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.', 'With rising economic concerns, investors may want to consider gold stocks, particularly as it seems the smart money is loading up on the yellow metal. Most notably, in my opinion, unusual stock options volume indicators have been picking up bullishly aberrant trades for gold-related call options. In other words, the big players are placing massive bets on this otherwise speculative industry. Another factor to consider is that all investors have a reason to be concerned. With some of the U.S. regional banking fallout sending jitters abroad , investors seek wealth protection rather than hitting home runs. Perhaps the best part about the below gold stocks to buy is they could really soar while providing an alternative platform to park your portfolio. FNV Franco-Nevada $152.73 OR Osisko Gold Royalties $16.20 PAAS Pan American Silver $19.01 ORLA Orla Mining $4.44 BTG B2Gold $4.14 DRD DRDGOLD $10.04 TRX TRX Gold $0.50 InvestorPlace - Stock Market News, Stock Advice & Trading Tips Franco-Nevada (FNV) An image of a rising bar graph on top of gold bars, representing gold stocks Source: Alexander Limbach / Shutterstock A gold-focused royalty and streaming company, Franco-Nevada (NYSE: FNV ) offers an enticing opportunity among gold stocks to buy. Essentially, Franco-Nevada provides capital to mining enterprises. In exchange, the company receives a share of the metals production and/or revenues generated. Since the start of the year, FNV gained almost 12% of its equity value. Financially, the gold enterprise enjoys several compelling attributes. Perhaps most importantly at this juncture, Franco-Nevada has zero debt , affording it incredible flexibility. Also, its Altman Z-Score pings at 85.19, indicating extremely low bankruptcy risk over the next two years. As well, it benefits from a solid three-year revenue growth rate of 16.2%. And its net margin comes in at 53.21%, blowing past nearly 95% of its peers.\xa0Finally, Wall Street analysts peg FNV as a consensus moderate buy . However, their average price target is only $155.75, implying just over 1% upside potential. Story continues Osisko Gold Royalties (OR) Bitcoin BTC Gold coins with bills of euro banknotes and gold bullion. Bitcoin and gold lie on Euro banknotes. Asia Broadband is mixing crypto and gold with its AABBG tok
**Last 60 Days of Bitcoin's Closing Prices:**
[]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-04-11
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $581,895,280,981
- Hash Rate: 366599106.2932332
- Transaction Count: 385002.0
- Unique Addresses: 793340.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.68
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Okay, I get it. You heard about the kid that threw their tax return at an obscure cryptocurrency became an overnight billionaire…with a “B” not an “M”. Sort of makes you want to take that $1k you’ve had rotting in that savings account and roll the dice yourself. I mean, if Mikey Millennial can strike it rich with cryptos and NFTs, why can’t you? You like Lambos, too.These get rich quick schemes come and go. Bull markets make it seem like these moves happen every day and to everyone. Well, the harsh reality of Fed rate hikes has splashed a bucket of cold water on things. Risk-off has hit the crypto market harder than any other asset class on Earth.The end of this latest cycle of mania was not the first-time cryptocurrency fizzled out. The public came to know Bitcoin and Ethereum during its big boom cycle in December 2017. Bitcoin prices had surged from under $2,000 in July 2017 to nearly $20,000.Today you’re hearing more blow-outs than blow-ups. Meaning, the landscape is more treacherous than ever. By now, I’m sure you have heard of the Luna-Terra Stablecoin debacle. It cost crypto holders billions of dollars. For every one story about hitting it rich, there are dozens of scams to hear about. It may sound like an easy way to riches, but there is no easy way out.Prices have suffered as a result. BTCUSD prices came down to $16,000 into December 2022, near levels it traded at the end of 2020. Other major cryptocurrencies like ETHUSD have been hit, too. ETHUSD is close to $1,600, which is a far cry from its highs over $4,800. Investors looking to “Buy the Dip” could be tempted at these levels.If you’re thinking about diving in headfirst and throwing caution to the wind. Please...DON’T DO IT!You don't have to have a gambler’s risk tolerance or be a cryptocurrency expert to profit from Bitcoin, Ethereum, Solana and others. You don't even have to believe in the long-term sustainability of any of these coins. You just have to recognize the game and figure out a way to profit from the underlying technology. That underlying technology, which powers every cryptocurrency on Earth, is the blockchain.If you've been paying attention to the headlines, you'll see that central banks and major retail banks alike have changed their tune about cryptocurrencies. Initially, they scoffed and called them irrelevant. But recently, the discussion has shifted and now they are acknowledging the threat cryptocurrencies bring to their businesses. What they're really saying is that blockchain is revolutionizing the way we account for data.Futures contracts in Bitcoin have been trading at the CME Group for years. Companies have begun to hold Bitcoin on their balance sheets, right there next to the U.S. dollar. And now, recently, the SEC has allowed the first Bitcoin ETF to trade publicly. This only adds to the legitimization of cryptocurrency as an asset class. Nowadays, crypto is not a pie-in-the-sky idea, it’s a major financial asset which poses a significant threat to traditional payments businesses. As such, it’s an exciting opportunity for investors to get in relatively early in the growth phase of an emerging technology.Continued . . .------------------------------------------------------------------------------------------------------"10X Bigger Than the Internet"Zacks targets big gains from the innovative businesses behind blockchain – the emerging "Internet of Money." As this technology grows a predicted +1,505% by 2029, shareholders in these companies could make life-changing gains without speculating on volatile cryptocurrencies.Experts estimate that blockchain technology is"10 times more valuable than the internet."And just like the early days of internet stocks, the profit potential is tremendous. This is your chance to see our top picks to tap into this phenomenon.See our blockchain stocks now >>------------------------------------------------------------------------------------------------------What is the Blockchain?In the digital world, a block is a digital list of records, acting as a ledger that can contain information of any kind. When these blocks are linked together, they are secured by cryptography to form the blockchain. This blockchain is an unforgeable record of all the transactions that replicates on every computer on the network. If information in a new block can't be verified by all the other blocks in the chain, it is discarded. In the case of the top cryptocurrencies, a currency's network consists of millions and millions of computers all over the world. This makes it unhackable, as a hacker would need to hack all that computing power simultaneously, a seemingly impossible task.I already know I've lost some people, but please stay with me. At this point the question within this topic is typically: What does blockchain have to do with currency? Everything.But to understand this opportunity we have to separate our thoughts of cryptos from traditional fiat currency. While fiat currency is used to buy cryptocurrency, once bought, cryptos stand on their own. In addition, the smart contract (more on this later) aspect allows cryptos to be not just an exchange of cash, but an exchange ofvalue. In a sense, these currencies are the "Internet of Value".To simplify, the blockchain is a public registry of assets and transactions that tells us who owns what. These transactions are often referred to as smart contracts, as they are recording a contract between two people, whether it be a transfer of currency, a good or a service.You can see how this new innovation could be disruptive to traditional businesses out there. Rather than lament this potential disruption, you are in the unique position to profit from it. How, you ask? By investing in the various areas of the market where the blockchain is making noise. There are several different angles here.The "Picks and Axes":During the gold rush, the ones who really got rich were the ones selling the picks and axes. That is, the companies which provided the tools for the speculators to go out and try to find their fortunes. In the cryptocurrency world, this refers to the companies which make the chips and hardware used for mining operations.Consulting:There will be a wave of companies looking for ways to incorporate blockchain technology into their existing businesses. Large consulting companies are already offering services helping companies to integrate the new tech.Cloud Infrastructure:No other industry has been as dependent on the cloud for its development as blockchain has. The need to distribute a ledger across the world, with no centralized ownership or authority overseeing transactions plays into the strengths of the cloud. Companies which offer cloud-based hosting may suffer, while those which help facilitate this decentralized network will benefit greatly.Payment Processing:Among the most disruptive industries for blockchain is payment processing. Rather than your traditional financial intermediary, blockchain technology allows for a distributed, open, public ledger where transactions are confirmed by other nodes in the chain for a fee that's much smaller than your typical fees coming from more traditional processors.Lending:We are just at the tip of the iceberg here on lending. Blockchain tech is perfect for lending, allowing lenders to spread their risk across thousands of loans in an instant, no matter the size of the lender.Miners:The miners are the most important part of any blockchain and likely the most misunderstood. Miners confirm transactions from node to node by solving the cryptographic problem and are then rewarded in units of the cryptocurrency. Already we are seeing companies which "mine" cryptocurrency publicly traded. These companies mine the currency then immediately sell them on the open market and pass through the gains to shareholders. Think of them as you would a pipeline company in the energy sector. These companies are small now but could become much larger in time.Investors/BDC:Some publicly traded companies are acting as incubators for other budding cryptocurrencies. We talk about Bitcoin a lot, but there are over 6,000 other cryptocurrencies in the world. These investors and business development companies (BDC) invest in promising crypto companies before they hit the mainstream.There are many more companies on the way but how will you know how to separate the pretenders from the contenders? Which of these emerging companies will be built on solid technology and which will be gimmicks? Just like the Dot Com Bubble brought with it several names which added ".com" to their names to get in on the action, companies are adding "Blockchain" to their names, some in a very unscrupulous fashion.Today, Find the Real Blockchain CompaniesThis technology is already having a major impact on almost every industry you can think of, and that impact will only accelerate over time. In fact, experts predict the space will skyrocket +1,505% from $10.2 billion in 2022 to $163 billion by 2029.Blockchain is still a new and exciting technology. Investors have a chance to pocket huge gains just like the early days of the internet,. That's why I invite you to look into our portfolio serviceBlockchain Innovators.It cuts through the gimmicks and hype to uncover strong, often little-known companies driving blockchain technology from the various categories I shared above.We look for stocks with explosive profit potential and long-term sustained growth. In fact, the portfolio is currently riding 6 triple-digit gains reaching as high as+281%,+380%, and+419%.¹We’re in the green on 15 out of 17 positions, and we believe they can all climb much higher. There’s still time for you to get in on them.Today’s Unique Market Environment: Strong Economic Signals + Suppressed Stock PricesThe tech sector is set to bounce back big time. These stocks are significantly oversold, despite solid fundamentals and strong consumer demand. Fintech was hit especially hard… which is why I see an espe...
- Reddit Posts (Sample): [['u/TyroneWallinson', 'ACH is flying', 25, '2023-04-11 00:28', 'https://www.reddit.com/r/AlchemyPay/comments/12hyp54/ach_is_flying/', 'Captions says it all. Kinda scary how it’s following BTCs movements. 5c🔜🥷🏾', 'https://www.reddit.com/r/AlchemyPay/comments/12hyp54/ach_is_flying/', '12hyp54', [['u/rain168', 13, '2023-04-11 00:33', 'https://www.reddit.com/r/AlchemyPay/comments/12hyp54/ach_is_flying/jfr7f3o/', 'It was but now you have jinxed it', '12hyp54']]], ['u/guestquest88', 'Having 1 BTC & 32 ETH will be a symbol of status in 10 years - repost', 35, '2023-04-11 01:46', 'https://www.reddit.com/r/CryptoCurrency/comments/12i11ly/having_1_btc_32_eth_will_be_a_symbol_of_status_in/', 'Reposting, since my original post got deleted due to some 12 BTC post limit. It appears we\'re at 11 posts now, so I\'m gonna try reposting. No poll, since it\'s "not allowed" anymore? \n\nAs for the results from the last post\n\n413 votes total\n\n13.5% have 1 BTC & 32 ETH (or more)\n72.2% do NOT have 1 BTC & 32 ETH\n14.2% just wanted to see the results :)\n\n\nI spent the day today just watching the markets and reviewing some charts, and came to a realization that may not be so obvious for everybody. As people, most of us concentrate on today and tomorrow. When it comes to investments, most people fail to look at the big picture. \n\nJust look at the prices of real estate in the US. Whoever bought a house in the early 90\'s should have their house paid off by now, if they took a out a 30 year mortgage. Of course, the bank also got a nice cut off that deal, but that\'s a story for another day. If such a person, and I happen to know quite a few of them, decided to sell today, they would be pretty well off. Unless of course, the area they bought their house in declined beyond imagination. \n\nI don\'t believe we can call such people "investors", per se. They didn\'t buy a house to get rich. They bought a house to fulfill their basic needs. People got rich and financially secure by not analyzing anything or thinking much about it... \n\nNow... What if somebody today, decided to spend some time analyzing the crypto markets? What if that somebody took the time to do that back in 2016 or even 2020? \n\nWe\'ve been through multiple bull and bear markets. Bitcoin was supposed to be 6 feet under more times than I can count :) \n\nA conscious investor, who decided to save on coffee and start stacking BTC and ETH in early 2016 instead, would be quite well off by now! Same applies even if that person started in 2020. Will the same statement apply in 2028? I honestly think it may.\n\nI know times are hard. This world revolves around cycles, just like crypto does. We\'ve had tough times back in \'92, \'00, \'08 and now. Seems like every 10 years the world goes to shit. Those who have been around a while should be able to go with the wave. Good times, just as bad times don\'t last forever. \n\nI\'ve recently read an article that having 1 BTC and 32 ETH will help you be a part of a very small elite club in the near future. A financially secure club of investors. Afterall, you can stake those. The returns may not be much now, but in the future the staking rewards will offer you a nice salary. \n\n32 ETH = $60,800\n\n1 BTC= $29,000\n\nThose are todays prices. Almost $100k worth of crypto investments. That is a shitload of money.\n\nNow compare that with 2020...\n\n32 ETH = $2,880\n\n1 BTC = $4,000\n\n$6,880 back in 2020 was a decent used car with it\'s own issues. I\'m pretty sure with all the unemployment money and the stimulus checks (in the US) you would be able to get 1 BTC and 32 ETH. The question is, did you?\n\nWe went from $6,800 to almost $100k in a matter of 3 years, AND we\'re in a bear market. Should this even be surprising to us? \n\nI\'m no moon boy but I haven\'t seen better returns anywhere else. Everybody and their grandma comes to crypto when BTC is hitting new all time highs. Please don\'t be "everybody". Just don\'t be that guy. \n\nPersonally, I don\'t even hold gold anymore. I sold it to buy BTC. Gold was good for my fathers and my grandfathers generation, not for mine. Here\'s the kicker... My grandfather and my dad didn\'t invest in gold. They didn\'t invest at all. I prefer to be different. \n\nI know this post is gonna age well. We will have people reading this in 2030 thinking "I wish I was buying BTC and ETH back then!" What color electric lambo may those redditors commenting below be driving now?! :\n\nWhat\'s my goal here? None, really. This post is just to wake you up and force you to look at the big picture. Look how much has changed over the past 3 years. If you\'re not buying BTC and ETH, just go buy some. DCA. If it drops, so be it. In 7 years you\'ll be ahead :)', 'https://www.reddit.com/r/CryptoCurrency/comments/12i11ly/having_1_btc_32_eth_will_be_a_symbol_of_status_in/', '12i11ly', [['u/Kappatalizable', 14, '2023-04-11 01:47', 'https://www.reddit.com/r/CryptoCurrency/comments/12i11ly/having_1_btc_32_eth_will_be_a_symbol_of_status_in/jfrhbsy/', 'It already is...', '12i11ly'], ['u/TruthSeeekeer', 66, '2023-04-11 01:57', 'https://www.reddit.com/r/CryptoCurrency/comments/12i11ly/having_1_btc_32_eth_will_be_a_symbol_of_status_in/jfrimhc/', 'That already is a massive symbol of status in 2023 - how many whole coiners do you know?!', '12i11ly'], ['u/PoisonWaffle3', 27, '2023-04-11 02:09', 'https://www.reddit.com/r/CryptoCurrency/comments/12i11ly/having_1_btc_32_eth_will_be_a_symbol_of_status_in/jfrka5s/', "Wholecoiner, checking in. But I've been into crypto since 2011.", '12i11ly'], ['u/bananainbeijing', 11, '2023-04-11 02:10', 'https://www.reddit.com/r/CryptoCurrency/comments/12i11ly/having_1_btc_32_eth_will_be_a_symbol_of_status_in/jfrki0d/', "to be fair, the prices you pulled from 2020 are like the lows of the year. \n\nNot many people would have caught the exact bottom\n\nstill, if you got in in 2020, the average prices were still a lot lower than now, but your returns wouldn't be AS huge as they seem in your post. For example, BTC was around $8K for most of the year, and ETH was around $300", '12i11ly'], ['u/blindkiller770', 13, '2023-04-11 02:14', 'https://www.reddit.com/r/CryptoCurrency/comments/12i11ly/having_1_btc_32_eth_will_be_a_symbol_of_status_in/jfrkzjl/', 'I know exactly one other person in my life that invests in crypto. The one who got me into it, doesn’t even invest anymore.', '12i11ly'], ['u/UsedTableSalt', 13, '2023-04-11 02:34', 'https://www.reddit.com/r/CryptoCurrency/comments/12i11ly/having_1_btc_32_eth_will_be_a_symbol_of_status_in/jfrnr78/', 'Having .1 bitcoin is already a status symbol in my book.', '12i11ly'], ['u/UFONomura808', 10, '2023-04-11 03:47', 'https://www.reddit.com/r/CryptoCurrency/comments/12i11ly/having_1_btc_32_eth_will_be_a_symbol_of_status_in/jfrxhnr/', 'Wholecoiner as well, been in since 2017. Wgmi!', '12i11ly'], ['u/[deleted]', 10, '2023-04-11 06:16', 'https://www.reddit.com/r/CryptoCurrency/comments/12i11ly/having_1_btc_32_eth_will_be_a_symbol_of_status_in/jfseynw/', '"Yea dude, you just run your PC overnight and in the morning you trade these bit token things for free PC games."\n\nMy man changed my life and doesn\'t even own crypto nowadays.', '12i11ly']]], ['u/happyhookerxx', 'I’m getting ripped off left and right', 41, '2023-04-11 03:58', 'https://www.reddit.com/r/SexWorkers/comments/12i4iyd/im_getting_ripped_off_left_and_right/', 'I’m trying to put myself back out there after a few year hiatus and these new ad sites are really trying it! I made a RubMD account and added a lot of bitcoin funding for a few weeks of premium ads and refreshing and the website disappeared literally the next day. \n\nAdultSearch is crazy. I made and paid for a $20 ad and a week later they took it down and said I needed to verify with a video, so I did. Then they said the ad now costs $50 if I want it back up if I wasn’t going to show my face in my ad, so I uploaded a new photo un-blurred and showing my face and they said it’s “too blurry” so I’m not verified, my ad isn’t up and they kept the balance of what I paid for the ad and the extra bitcoin I transferred for a renewal. I have a very dark feeling about that website I wouldn’t be surprised if the owners are involved in sex trafficking. \n\nThen I tried to make a $25 ad on Bedpage and it’s trying to force me to upload another $500 in bitcoin as a “deposit” to post the ad. Why would I put that much money on an illegal website that can easily get taken down tomorrow just like RubMD did? \n\nI have ads on Tryst, PD and Slixa there’s just too many girls in my area and I have no reviews yet since I’m “new” so no one is bothering. Everyone contacting me is a leftover loser right now (the blacklist guys with the worst reviews no one wants to see that just sit around calling and texting all day that never book).\n\nSorry, rant over, it just shouldn’t be this hard to meet clients!', 'https://www.reddit.com/r/SexWorkers/comments/12i4iyd/im_getting_ripped_off_left_and_right/', '12i4iyd', [['u/lemadilyn07', 25, '2023-04-11 04:27', 'https://www.reddit.com/r/SexWorkers/comments/12i4iyd/im_getting_ripped_off_left_and_right/jfs2l9s/', 'it’s shit right now over here too. all day just time wasters and fantasy bookers. \n\ncrossing fingers for a better tomorrow', '12i4iyd'], ['u/happyhookerxx', 16, '2023-04-11 04:46', 'https://www.reddit.com/r/SexWorkers/comments/12i4iyd/im_getting_ripped_off_left_and_right/jfs4yyy/', 'Tomorrow will bring nothing but abundance and prosperity. Tuesday’s always have better energy!', '12i4iyd'], ['u/Classicbarbie12', 14, '2023-04-11 05:44', 'https://www.reddit.com/r/SexWorkers/comments/12i4iyd/im_getting_ripped_off_left_and_right/jfsbppx/', 'Reading your post is precisely why I will keep paying over $100 a month on my Tryst membership. I am so sorry you are going through this crap!\n\nJumping through all those hoops is such a waste of time, and they seem like they do this to a lot of people.\n\nJust a reminder if you don’t al...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["Join the most important conversation in crypto and web3! Secure your seat today\nBitcoin (BTC) held firm above $30,000 on Tuesday as investors awaited Wednesday’s U.S. consumer price index (CPI) report for March and Ethereum’s Shapella upgrade.\nThe largest cryptocurrency by market value was recently hovering over $30,200, up over 3% in the past 24 hours. BTC topped the psychologically important $30,000 level late Monday evening (ET)for the first time since last June. Analysts expect the March CPI to continue a recent cooling trend withthe year-over-year rate rising 5.2%, down from February’s 6%. The month-over-month rate is also expected to cool.\n“Traders [are] speculating that this week’s CPI number could come in at a level that gives the Fed reason to think about pausing raising rates in the next meeting, thereby giving a boost to assets like bitcoin,” James Lavish, managing partner at Bitcoin Opportunity Fund, told CoinDesk in an email.\nLavish added that if BTC continues to rise “with conviction,” a move right into the mid to high $30,000 would be likely, forcing short speculators to cover and buy instead. Some investors are trying to get positioned ahead of that.”\nAnalysts at K33 Research highlighted in a note to clients on Tuesday that open interest (OI) in BTC perpetuals surged by 10% to 297,000 BTC on Monday to reach its highest daily growth in open interest since early October. That spurt was followed by volatility and an intraday decline.\n“While BTC’s performance following surges in OI has varied, it has tended to foreshadow long or short squeezes,” analysts wrote, adding that similar daily growth in OI occurred during a spring rally in 2022 and before the short squeeze of July 2021.\nEther (ETH), the second-largest cryptocurrency, was recently trading at around $1,895, up 0.3% from Monday, same time. Validators and market watchers will be watching Ethereum’sShapella upgrade, which is expected to go live Wednesday evening (ET) and will mean that validators can withdraw their long-locked-up ETH from the Beacon Chain.\nCrypto data firm Kaiko highlighted in a Tuesday report that ETH markets have been heavily spot-driven over the past month, with the perpetual futures-to-spot ratio hitting its lowest level since the network's Merge in September. In contrast, that ratio had surged to nearly double pre-Merge levels at the start of the year.\nAmong other digital tokens, Solana’sSOLsurged over 12% to trade around $23.2, whileETC, the token of Ethereum Classic, an offshoot, or fork, of Ethereum, gained over 4% to change hands at $21.6. TheCoinDesk Market Index, which measures overall crypto market performance, was up 2.3% for the day.\nThe crypto market’s rally also coincided with crypto-related stocks’ continued momentum from Monday. Shares of bitcoin mining firm Marathon Digital Holdings (MARA) closed up 12% on Tuesday, while both exchange Coinbase (COIN) and business software company MicroStrategy (MSTR), a large corporate holder of BTC, were up more than 6%.\nEquity markets were mixed Tuesday afternoon, with the S&P 500 closing flat and the tech-heavy Nasdaq sliding 0.4%. The Dow Jones Industrial Average (DJIA) was up 0.2%.", "Join the most important conversation in crypto and web3! Secure your seat today\nBitcoin (BTC) held firm above $30,000 on Tuesday as investors awaited Wednesday’s U.S. consumer price index (CPI) report for March and Ethereum’s Shapella upgrade.\nThe largest cryptocurrency by market value was recently hovering over $30,200, up over 3% in the past 24 hours. BTC topped the psychologically important $30,000 level late Monday evening (ET)for the first time since last June. Analysts expect the March CPI to continue a recent cooling trend withthe year-over-year rate rising 5.2%, down from February’s 6%. The month-over-month rate is also expected to cool.\n“Traders [are] speculating that this week’s CPI number could come in at a level that gives the Fed reason to think about pausing raising rates in the next meeting, thereby giving a boost to assets like bitcoin,” James Lavish, managing partner at Bitcoin Opportunity Fund, told CoinDesk in an email.\nLavish added that if BTC continues to rise “with conviction,” a move right into the mid to high $30,000 would be likely, forcing short speculators to cover and buy instead. Some investors are trying to get positioned ahead of that.”\nAnalysts at K33 Research highlighted in a note to clients on Tuesday that open interest (OI) in BTC perpetuals surged by 10% to 297,000 BTC on Monday to reach its highest daily growth in open interest since early October. That spurt was followed by volatility and an intraday decline.\n“While BTC’s performance following surges in OI has varied, it has tended to foreshadow long or short squeezes,” analysts wrote, adding that similar daily growth in OI occurred during a spring rally in 2022 and before the short squeeze of July 2021.\nEther (ETH), the second-largest cryptocurrency, was recently trading at around $1,895, up 0.3% from Monday, same time. Validators and market watchers will be watching Ethereum’sShapella upgrade, which is expected to go live Wednesday evening (ET) and will mean that validators can withdraw their long-locked-up ETH from the Beacon Chain.\nCrypto data firm Kaiko highlighted in a Tuesday report that ETH markets have been heavily spot-driven over the past month, with the perpetual futures-to-spot ratio hitting its lowest level since the network's Merge in September. In contrast, that ratio had surged to nearly double pre-Merge levels at the start of the year.\nAmong other digital tokens, Solana’sSOLsurged over 12% to trade around $23.2, whileETC, the token of Ethereum Classic, an offshoot, or fork, of Ethereum, gained over 4% to change hands at $21.6. TheCoinDesk Market Index, which measures overall crypto market performance, was up 2.3% for the day.\nThe crypto market’s rally also coincided with crypto-related stocks’ continued momentum from Monday. Shares of bitcoin mining firm Marathon Digital Holdings (MARA) closed up 12% on Tuesday, while both exchange Coinbase (COIN) and business software company MicroStrategy (MSTR), a large corporate holder of BTC, were up more than 6%.\nEquity markets were mixed Tuesday afternoon, with the S&P 500 closing flat and the tech-heavy Nasdaq sliding 0.4%. The Dow Jones Industrial Average (DJIA) was up 0.2%.", "Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and policy. Direct to your inbox. Sign up for the Energy and Environment newsletter Welcome to The Hill’s Energy & Environment newsletter {beacon} The Big Story After February’s train derailment in East Palestine, Ohio, highlighted the risk of toxic exposure, other communities in the U.S. hope the attention doesn’t fade. © AP “We’re glad that East Palestine is getting the attention that they’re getting, but we also need attention here in Louisiana,” said Shamell Lavigne of the environmental justice organization Rise St. James in Louisiana’s so-called Cancer Alley. The derailment in East Palestine released chemicals\xa0including a\xa0carcinogen known as vinyl chloride . However, the East Palestine community is not the only one facing exposure to vinyl chloride and the accompanying risks. According to the Environmental Protection Agency’s (EPA) Toxic Release Inventory — a list of self-reported toxic chemical emissions — more than 428,000 pounds of vinyl chloride were released into the air by 38 industry facilities last year. In some parts of the country, meanwhile, facilities emit a range of chemicals, making impacts from individual substances difficult to pinpoint. Residents of the “Cancer Alley” corridor, which is known for its heavy industrial presence,\xa0are at a risk of cancer 51 percent higher than the national average , according to a 2012 study. Read the full report at thehill.com. Welcome to The Hill’s Energy & Environment newsletter, we’re Rachel Frazin and Zack Budryk — keeping you up to speed on the policies impacting everything from oil and gas to new supply chains. Did someone forward you this newsletter? Subscribe here. Essential Reads How policy will affect the energy and environment sectors now and in the future: Study: Greenhouse gas ‘tipping points’ preceded major earlier warming events Multiple periods of extreme warming in the earth’s past followed “tipping points” involving the release of greenhouse gases, according to research published in the journal Science Advances. Full Story I'm an image More EV sales could come from anticipated Biden rule The Biden administration is expected to soon put forward a proposal to strengthen regulations on vehicular emissions that, if finalized, is likely to move the market toward a greater share of electric vehicle sales. Full Story I'm an image Fewer Americans see US energy situation as ‘very serious’ Americans’ concern about the U.S. energy situation has fallen in the last year, according to a new poll. Full Story I'm an image In Other News Branch out with a different read from The Hill: I'm an image Multiple Norfolk Southern train cars derail near Pittsburgh Multiple Norfolk Southern train cars derailed near Pittsburgh, Pennsylvania on Saturday, amid the recent turmoil surrounding the U.S.-based railway company, which was at the center of a toxic train derailment on the Ohio-Pennsylvania state line in February. Full Story What We’re Reading News we’ve flagged from\xa0other outlets touching on energy issues, the environment and other topics : Virginia plant flagged for repeat chemical releases ( The Richmond Times-Dispatch ) The Real-World Costs of the Digital Race for Bitcoin ( The New York Times ) Environmental groups sue to stop Ohio from leasing state parks for oil and gas drilling ( The Columbus Dispatch ) The company that wants to build a controversial carbon dioxide pipeline in Illinois is seeking fast-tracked approval that would skip public input ( The Chicago Tribune ) What Others are Read
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-04-12
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $583,156,408,088
- Hash Rate: 380882188.3566059
- Transaction Count: 338102.0
- Unique Addresses: 714277.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.65
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Bitcoin and Ether fell in evening trading in Asia on Thursday, with XRP the sole gainer over 24 hours among the top 10 non-stablecoin cryptocurrencies by market capitalization. The global crypto market cap dropped 1.51% to US$992.83 billion a day after U.S. crypto bank Silvergate said it would voluntarily liquidate . The new Forkast NFT 500 index slipped, and Asian equity markets were mixed. See related article: Feds Powell says stablecoins could have role in financial sector if properly regulated Fast facts Bitcoin fell 1.71% to US$21,650 in 24 hours as of 6:00 p.m. in Hong Kong on Thursday, according to CoinMarketCap data . The biggest cryptocurrency by market capitalization is down 7.65% on the week. Ether fell 1.45% to US$1,532 after losing 6.85% in the past seven days. XRP remained a market outlier and the days biggest gainer among the top 10 cryptocurrencies by market cap. The token was also the third biggest gainer among all tokens, increasing 3.2% to US$0.39 and up 4.16% on the week. Altcoin Kava outperformed the broader market with a gain of over 6%, while Toncoin strengthened over 3.35%. The global cryptocurrency market capitalization fell further, below the US$1 trillion benchmark, to US$992.83 billion. Total crypto market volume fell 5.1% to US$44.20 billion in the last 24 hours. In his second day of congressional testimony, U.S. Federal Reserve Chair Jerome Powell reiterated his message that interest rates might need to rise more than previously estimated but also added that the March rate hike has not been set and remains data-dependent. The U.S. Dollar Index (DXY) has risen nearly 3.5% since Feb. 1. Asian stocks were mostly flat, following similar results in the U.S. Hong Kongs Hang Seng Index saw the biggest loss of 0.63%, while Japans Nikkei 225 gained 0.63%. The Shanghai Composite in China slipped 0.22%. Markets in Europe trended lower on the day. Englands FTSE MIB dropped 1.19% and the STOXX 600 slid 0.57%. The Forkast NFT 500 index dropped 0.79% to 4,241.17 over the last 24 hours as of 6:00 p.m. on Thursday in Hong Kong. The Forkast NFT 500 Index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. (Corrects market capitalization to trillion in bullet point four.) See related article: Ethereum validators win short term as Blur, OpenSea rivalry drives up gas fees...
- Reddit Posts (Sample): [['u/kevinyyh2020', 'I tried to swap my eth to btc in trust wallet but now eth is gone but I did not see it in my bitcoin', 11, '2023-04-12 01:36', 'https://www.reddit.com/r/ethereum/comments/12j241i/i_tried_to_swap_my_eth_to_btc_in_trust_wallet_but/', 'How long does it take for bitcoin to show up in my wallet? It is shown that the swap has been completed in the trust wallet but it did not show up in my bitcoin balance. Where is it?', 'https://www.reddit.com/r/ethereum/comments/12j241i/i_tried_to_swap_my_eth_to_btc_in_trust_wallet_but/', '12j241i', [['u/Rtbrosk', 17, '2023-04-12 02:24', 'https://www.reddit.com/r/ethereum/comments/12j241i/i_tried_to_swap_my_eth_to_btc_in_trust_wallet_but/jfwflxx/', "sounds like you shouldn't Trust wallet", '12j241i'], ['u/Summum', 19, '2023-04-12 04:14', 'https://www.reddit.com/r/ethereum/comments/12j241i/i_tried_to_swap_my_eth_to_btc_in_trust_wallet_but/jfwutjn/', 'Trust Wallet uses Thorchain in the backend. It’s real L1 to L1 swaps, not i owe yous in a database.\n\nEach chain needs multiple block to finality, can take an hour+ to settle.\n\nYou must have gotten it by now', '12j241i'], ['u/Deathdar1577', 10, '2023-04-12 07:58', 'https://www.reddit.com/r/ethereum/comments/12j241i/i_tried_to_swap_my_eth_to_btc_in_trust_wallet_but/jfxjou6/', 'OP leaving us all hangin.', '12j241i']]], ['u/Happy_Ad9924', 'Can a call fail to exercise if lack of volume in fund', 19, '2023-04-12 01:52', 'https://www.reddit.com/r/options/comments/12j2kr8/can_a_call_fail_to_exercise_if_lack_of_volume_in/', 'I bought a call on this etf called BTCC-B.TO to kinda mess around but realized how little volume it has on Questrade, I plan to honestly just hold to expectation as it’s not much money but just want to know if a call option can go worthless or fail if there is no liquidity or volume', 'https://www.reddit.com/r/options/comments/12j2kr8/can_a_call_fail_to_exercise_if_lack_of_volume_in/', '12j2kr8', [['u/DorianCHoldingsworth', 15, '2023-04-12 02:16', 'https://www.reddit.com/r/options/comments/12j2kr8/can_a_call_fail_to_exercise_if_lack_of_volume_in/jfwehki/', 'No. Whoever is short the call is obligated to deliver 100 shares per call regardless of underlying liquidity. Also, you shouldn’t exercise your call anyway.', '12j2kr8'], ['u/dougieg987', 52, '2023-04-12 02:17', 'https://www.reddit.com/r/options/comments/12j2kr8/can_a_call_fail_to_exercise_if_lack_of_volume_in/jfwepsg/', 'I mean if you bought a call, you entered into a contract with the right to buy at your strike. The other side of the contact is contractually OBLIGATED to deliver the shares if called', '12j2kr8'], ['u/Ok_Paramedic5096', 16, '2023-04-12 03:47', 'https://www.reddit.com/r/options/comments/12j2kr8/can_a_call_fail_to_exercise_if_lack_of_volume_in/jfwr4uf/', 'Technically they can fail to deliver, this has happened before in 2008, though it’s HIGHLY unlikely.', '12j2kr8']]], ['u/RockHardTen11', 'Should USA back the dollar with Bitcoin?', 10, '2023-04-12 02:10', 'https://www.reddit.com/r/Bitcoin/comments/12j32j9/should_usa_back_the_dollar_with_bitcoin/', 'If BRICS creates a new currency backed by Gold, should the USA counter with the dollar backed by bitcoin?', 'https://www.reddit.com/r/Bitcoin/comments/12j32j9/should_usa_back_the_dollar_with_bitcoin/', '12j32j9', [['u/Plane_Baby', 12, '2023-04-12 02:17', 'https://www.reddit.com/r/Bitcoin/comments/12j32j9/should_usa_back_the_dollar_with_bitcoin/jfweph0/', "Asking this question on a Bitcoin subreddit is like asking if everyone should get free crack on the crackheads subreddit. 😮\u200d💨🙄\n\nTrick question: With that said, with bitcoin, you don't need the dollar. We should build our reserves and our infrastructure.", '12j32j9']]], ['u/Radiant_Gap_2868', 'DAE stop going to a certain place because theres an employee who’s always there and always talks to you?', 637, '2023-04-12 03:40', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/', 'I’m not an asshole, but I hate making small talk, some people fucking love it. At Jersey Mikes lately theres been this one guy who talks to me throughout the entire sandwich process and I have to like step out of the door during a lull or else he will just keep on talking to me even after the transaction is finished. I saw him like 3 times now and I guess we’re friends now. I just want to get off work and daydream about not hating my life while waiting for my sandwich. I want to go there right now but I don’t want to talk to him. Not unique to this though, I had to stop going to the same gas station before work because the guy gives me his opinions on bitcoin and whatever else the fuck for like an hour.', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/', '12j5k16', [['u/pepper_plant', 37, '2023-04-12 05:13', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfx2ha9/', 'SAME dude. I will avoid establishments where the workers are too friendly. I hate talking to strangers/casual acquaintances', '12j5k16'], ['u/african_or_european', 326, '2023-04-12 05:20', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfx3ck7/', "Not quite the same, but if someone comments on how frequently I come in or that I'm becoming a regular, I immediately have to find another place to go.", '12j5k16'], ['u/existingturtle', 91, '2023-04-12 05:31', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfx4mcf/', 'I had this happen in the opposite way when I was 18. I worked at a frozen yogurt place and this guy in his 30\'s would come in with his mom, 3 or 4 times a week, and he\'d find every opportunity to talk to me to the point where I hid everytime he came in and he\'d ask other employees about me. I eventually had my husband send him a "fuck off" message after he tried to follow me on instagram 🙄', '12j5k16'], ['u/Radiant_Gap_2868', 185, '2023-04-12 05:48', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfx6ktx/', 'Yup same. A girl asked my name at chipotle and said I come in often and for some reason it made me immediately stop going there for like 6 months. I don’t want to be a ‘regular’ at a fast food chain', '12j5k16'], ['u/szatanna', 11, '2023-04-12 06:45', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfxcz7n/', 'This is the reason why I prefer to go to the grocery store that is 20 minutes away from my house than the store that is literally in front of where I live.', '12j5k16'], ['u/ThatGayGomez', 35, '2023-04-12 07:12', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfxfq48/', 'Not exactly the same but I haaaaaate small talk.\n\nEspecially when I want to leave a place and get caught and then get stuck with them going on and on even though they can see you are leaving and even if you say I need to go', '12j5k16'], ['u/Money-Plenty-4871', 49, '2023-04-12 07:13', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfxft9s/', 'Married at 18 damn', '12j5k16'], ['u/thedogz11', 18, '2023-04-12 07:21', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfxgi3r/', 'Then have some fuckin real talk and ask them whether God is dead or not.', '12j5k16'], ['u/darsvedder', 26, '2023-04-12 07:25', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfxgv18/', 'Eh. There’s a checkout lady at my market who is very sweet and kind, but too much for me. A “May god bless you and your day” kinda person. I will stand behind 5 people to not be in her open lane', '12j5k16'], ['u/existingturtle', 40, '2023-04-12 07:26', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfxgz8h/', "We didn't actually get married until I was 21 lol I just didn't wanna make it more confusing to read. He was my boyfriend at the time.", '12j5k16'], ['u/Maple_QBG', 20, '2023-04-12 08:23', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_theres/jfxlnxb/', "Yep. I had a taco bell that i used to go to basically nightly when i finished up with work. I used to get the $2 Beefy 5-Layer Meal Deal (which came with doritos and a drink) and two Spicy Potato Soft Tacos. I did this 5 nights a week. It was just over $4 after tax and it was the most food I could get at that price point, health be damned.\n\nThey started *recognizing the sound of my car* and by the time i was at the speaker they already had my order pulled up and totaled. They seemed excited to see me and routinely gave me free tacos and desserts etc\n\nand while this sounds like a really sweet deal, I deal with customers all day long, i put on my best customer service face for 9-10 hours a day, when i get off work the last thing i wanted to do was talk to people and socialize and burn through even more spoons. I just wanted to eat my unhealthy fast food and drive my hour-long commute, decompress, and listen to loud music. That was my vice. I didn't smoke, I didn't drink, I didn't vape. I relaxed by eating the same meal i eat every single night and listened to the same playlist I listened to every night. It helped center me. \n\nI eventually swapped to a different taco bell but it was near the end of my commute rather than the start, it threw me off so badly. After that, i decided to just go to Wendy's and get a small combo meal instead but it just wasn't the same.", '12j5k16'], ['u/Mother_Ducker12', 80, '2023-04-12 08:32', 'https://www.reddit.com/r/DoesAnybodyElse/comments/12j5k16/dae_stop_going_to_a_certain_place_because_ther...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
| |
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Bitcoin and ether were trading flat after a mildly encouraging inflation report and the unveiling of the Ethereum Shanghai upgrade. Insights: Go whale watching for a sense of where bitcoin\'s price might be headed, writes CoinDesk analyst Glenn Williams writes. Prices Bitcoin, Ether Remain Largely Unmoved by Major Events CoinDesk Market Index (CMI) 1,317.72 −5.6 ▼ 0.4% Bitcoin (BTC) $29,984 −258.2 ▼ 0.9% Ethereum (ETH) $1,906 +15.7 ▲ 0.8% S&P 500 daily close 4,091.95 −17.0 ▼ 0.4% Gold $2,032 +27.6 ▲ 1.4% Treasury Yield 10 Years 3.42% ▼ 0.0 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET CoinDesk Market Index (CMI) 1,317.72 −5.6 ▼ 0.4% Bitcoin (BTC) $29,984 −258.2 ▼ 0.9% Ethereum (ETH) $1,906 +15.7 ▲ 0.8% S&P 500 daily close 4,091.95 −17.0 ▼ 0.4% Gold $2,032 +27.6 ▲ 1.4% Treasury Yield 10 Years 3.42% ▼ 0.0 BTC/ETH prices per CoinDesk Indices ; gold is COMEX spot price. Prices as of about 4 p.m. ET Neither hotly anticipated inflation data nor an eagerly awaited Ethereum Shanghai upgrade could move bitcoin or ether much from their most recent perches. Bitcoin, the largest cryptocurrency by market capitalization, was recently trading at about $29,900, down the better part of a percentage point over the past 24 hours. Ether, the second-largest crypto in market value, was hovering around $1,905, up almost a percentage point. Many investors had been looking for both cryptos to react more strongly to Wednesday\'s events, particularly the Ethereum "hard fork," a continuation of the platform\'s transformation from a proof-of-work to a faster, more efficient proof-of-stake protocol. "We should be looking ahead at what’s in store for the Ethereum roadmap," Jake Boyle, director of retail crypto brokerage Caleb & Brown, wrote. "A lot of progress has been made, and a lot is going to be made. This paints a wildly optimistic picture going forward." Story continues Boyle added: "We are heading into a recession, or at least it seems that way, and retail investors would be the profile of investors that would sell in the situation we find ourselves in. But this doesn’t seem to be the case, and this suggests to me that the profile of investors in the Ethereum ecosystem right now tends to be larger-scale. They appear to be more institutional-grade, and I don’t think that kind of investor would be quick to sell at this moment in time. They\'re long-term focused.” Most other major cryptos were recently trading flat. The CoinDesk Market Index, a measure of crypto markets overall performance, was recently down about a half percentage point. Equity indexes fell slightly with the tech-focused Nasdaq and S&P 500 off 0.8% and 0.4%, respectively. Gold continued to hold strongly over $2,039, near its all-time high as investors look toward assets that hold their value. Meanwhile, in an email to CoinDesk, Konstantin Boyko-Romanovsky, CEO at noncustodial platform Allnodes, struck an upbeat note about Ethereum\'s future. "With previously locked ETH becoming available again, it could lead to "a rise in the staking ratio, increased liquidity, and potentially higher prices," Boyko-Romanovsky wrote. "As the staking ratio rises, it will boost network security, a crucial indicator of blockchain health, and decrease the amount of circulating ETH." He added: "Early stakers will be able to reinvest their staking rewards. At the same time, removing uncertainty related to undetermined ETH lock-up periods will likely generate more interest in staking among retail and institutional participants." Insights Bitcoin Whales May Forecast BTC\'s Price Path Addresses with a balance of more than 10K bitcoin (Glassnode) As bitcoin establishes new support at around $30,000, investors might want to track larger unique wallet addresses. Among wallets holding significant amounts of crypto to determine BTC\'s price path: The number of wallets holding between one and 99 BTC and those with more than 10,000 BTC has been growing since January. Over the same period, the number of wallets holding between 100 and 9,999 BTC has also been growing. Whales holding at least 10,000 bitcoins have been willing to pivot quickly. While the bias is upwards, these larger traders have been willing to enter and exit positions, taking profits at short-term peaks, and retreating as the price retraces. Investors on the precipice of 10,000 BTC may be optimistic, locked into the asset and increasing their exposure – ready to move into a higher tier. Their positions may represent a base of support for BTC prices because investors who went long on the digital asset in January are up 80% year to date. Important events NFT NYC 2023 Web3 Festival 2023 (Hong Kong) 1:00 a.m. HKT/SGT(17:00 UTC) United States IMF Meeting CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Ethereum\'s Shanghai Upgrade Looms; Bitcoin\'s $30K Breakthrough : The Shanghai upgrade on the Ethereum blockchain, also referred to as "Shapella," took place on Wednesday at 22:27 UTC (6:27 p.m. EST). "First Mover" was tracking the activation and market impacts of the upgrade that, among other things, will enable staked ETH withdrawals. BTCS Inc. CEO Charles Allen and RockX co-founder and CEO Zhuling Chen joined the conversation. Also, Andre Portilho, head of digital assets at BTG Pactual, provided his crypto markets analysis. And Casa CEO Nick Neuman discussed self-custody of digital assets. Headlines Ethereum’s Shanghai Upgrade Is Complete, Starting New Era of Staking Withdrawals : The upgrade on the blockchain, also known as "Shapella," was triggered at 22:27 UTC, and the network is now processing withdrawal requests. Adidas Releases Chapter 1 of Its ALTS Dynamic NFT Collection : Holders of Adidas\' Into The Metaverse NFTs can burn their tokens to join the new dynamic non-fungible token ecosystem. Only a Tiny Amount of ETH Is Poised to Be Withdrawn After Ethereum Shanghai Upgrade, Nansen Says : Less than 1% of previously staked ETH is in the queue waiting to be withdrawn. LIVE BLOG, Ethereum\'s Shanghai Upgrade : CoinDesk reporters and editors chronicle the first-ever activation of withdrawals from the Ethereum staking mechanism, set for Wednesday at 6:27 p.m. ET (22:27 UTC). We\'ve got the play-by-play on Shanghai – also known as "Shapella" – from what we\'re seeing on the blockchain and at the watch parties. Ethereum Trades Flat After Ethereum Shanghai Upgrade : Analysts had been divided on how prices might react.', 'Bitcoin dipped but held above US$30,000 in Thursday morning trading in Asia that saw\xa0mixed performances among the top 10 non-stablecoin cryptocurrencies. Ethereum gained following the blockchain\x92s network upgrade on Wednesday, seemingly shrugging off concerns the upgrade could bring selling pressure on the Ether token. Solana continued to lead the winners as investors anticipate its first smartphone launch on Thursday. U.S. equities dropped on Wednesday after Federal Reserve minutes from March showed officials projecting a recession in the second half of 2023, while the U.S. consumer price index (CPI) in March indicated cooling but stubborn inflation. See related article: Ethereum rolls out Shapella upgrade amid worries over price pressures Fast facts Bitcoin dropped 0.76% to US$30,008 in the 24 hours to 09:00 a.m. in Hong Kong, but held a weekly gain of 7.26%, according to CoinMarketCap data . The world\x92s largest cryptocurrency has jumped over 80% since the start of the year. Bitcoin buyers ignored renewed criticism from U.S. investor Warren Buffet in a CNBC interview on Wednesday, where he called the cryptocurrency a \x93gambling token\x94 without intrinsic value. Ethereum gained 1.10% to US$1,910, adding 0.79% for the week. The Shanghai upgrade of the Ethereum blockchain activated on Wednesday and allows investors to withdraw their staked Ether for the first time. Some analysts expect the upgrade may trigger a withdrawal of nearly US$2.3 billion worth of Ether, about 6% of the total value of staked Ether , according to a Wednesday Bloomberg report . Litecoin led the losers in the top 10, dropping 2.45% to trade at US$92.23. The token is flat for the seven-day period. XRP fell 2.06% to US$0.5041, but is still up 1.08% for the week. The U.S. Securities and Exchange Commission (SEC) filed a letter on Tuesday to support its case against Ripple Labs, which it has accused of offering unregistered securities in the form of XRP. The letter quoted the SEC\x92s case against investment adviser Commonwealth Equity Services, which involved violation of securities laws and saw the defendant\x92s fair notice argument rejected by the court. Solana rose 2.49% to US$24.01, up 15.51% for the week. Solana Mobile, a subsidiary of Solana Labs, will release its first smartphone Saga on Thursday, which integrates the Solana blockchain and allows users to make on-chain transactions, manage digital assets, and access a variety of decentralized apps. The total crypto market capitalization dipped 0.52% in the past 24 hours to US$1.23 trillion. The total trading volume over the last 24 hours rose 13.33% to US$48.60 billion. In the non-fungible token (NFT) market, the Forkast 500 NFT index edged up 0.32% to 3,992.64 in the 24 hours to 09:00 a.m. in Hong Kong, but was still down 0.48% for the week. The index is a proxy measure of the performance of the global NFT market and includes 500 eligible smart contracts on any given day. It is managed by CryptoSlam , a sister company of Forkast.News under the Forkast.Labs umbrella. U.S. equities closed lower on Wednesday after minutes of the Fed\x92s meeting in March resurfaced concerns about a recession, while Buffet in the same CNBC interview warned the U.S. banking system could face further stresses after the recent failures of a trio of lenders. The Dow Jones Industrial Aver
**Last 60 Days of Bitcoin's Closing Prices:**
[]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-04-13
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $587,535,726,662
- Hash Rate: 338032942.1664877
- Transaction Count: 332042.0
- Unique Addresses: 720191.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.61
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: The Lightning Network uses peer-to-peer technology to rapidly accelerate Bitcoin payments, letting users carry out rapid transactions for just a few pennies. It's a promising idea that could finally vault Bitcoin into the mainstream but for one problem: Lightning doesn't really work.
More from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here's how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home
That's the view of David Marcus, who oversaw messaging atFacebook(now Meta) and then led the company's failed crypto project called Diem, which was snuffed out by hostile politicians and regulators. Today he is the CEO of Lightspark, a startup that'sraised$175 million, and which gives Marcus—also a former president of PayPal—a second chance to preside over a breakthrough moment for crypto.
On Tuesday, Lightspark announced it has launched a software package that the company says will make it easy for businesses to harness the Lightning network's potential benefits.
In an interview withFortune, Marcus and his team made the case that Lightspark's new service—which offers three different pricing tiers based on volume—will make Lightning viable by making the network easy to use and supplying adequate liquidity.
According to Lightspark, the current process for using Lightning is too daunting and technical, even for many companies familiar with crypto and payment operations. And even when users do manage to get set up on Lightning, which relies on a series of peer-to-peer "channels" connecting to nodes, the network often doesn't work because many node operators do not have enough Bitcoins on hand to immediately process transactions, Marcus claims.
Lightspark claims its solution relies on data science to constantly move liquidity to where it's most needed, making the Lightning network more reliable. It has also created software tools that the firm says will make it practical and easy for businesses to use—a development that Marcus compares to letting people use the internet via a browser rather than the underlying TCCP protocol.
"We’ve made our interface simple, removing all complexity," the company said in a statement. "It will be familiar to people in businesses who need to integrate payments into their products and services…Lightspark discovers the best-performing nodes and predicts their ability to successfully route transitions. Our infrastructure is up to 15 times more capital efficient than most alternatives."
The upshot of all this is that Lightspark believes people soon will be able to avail themselves of a wide variety of nearly instant Bitcoin-based payments. The company says that, for practical purposes, this means it will become possible to buy a wide variety of online services—from music to news articles to Wi-Fi access—quickly and cheaply, with little friction.
Marcus says Lightspark is already working with a number of clients, including crypto wallet providers and the Bitcoin bank and storage firmXapo, to deploy its service.
Lightspark is not the only well-funded company to bet on turning the Lightning network into a mainstream payment tool. Earlier this year,Block(formerly Square), announced a series ofinitiativesthat it says will help solve the network's liquidity woes.
These initiatives come after more than a decade of Bitcoin failing to become part of everyday commerce, despite proponents hailing it as a superior payment technology. Marcus, however, believes that this moment will finally arrive, and that Lightspark will play a key role in delivering it.
This story was originally featured onFortune.com
More from Fortune:5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here's how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
| |
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Join the most important conversation in crypto and web3! Secure your seat today Good morning. Here’s what’s happening: Prices: Ether rose sharply a day after the Ethereum Shanghai upgrade; bitcoin was also on the rise toward $31K. Insights: The mass unlock of staked ETH that some crypto market observers predicted did not occur. Ether\'s price rose the prospects for Ethereum and liquid staking derivatives are encouraging. Prices CoinDesk Market Index (CMI) 1,327 +55.4 ▲ 4.4% Bitcoin (BTC) $30,844 +773.3 ▲ 2.6% Ethereum (ETH) $2,122 +214.5 ▲ 11.2% S&P 500 4,146.22 +54.3 ▲ 1.3% Gold $2,058 +47.4 ▲ 2.4% Nikkei 225 28,156.97 +74.3 ▲ 0.3% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) CoinDesk Market Index (CMI) 1,327 +55.4 ▲ 4.4% Bitcoin (BTC) $30,844 +773.3 ▲ 2.6% Ethereum (ETH) $2,122 +214.5 ▲ 11.2% S&P 500 4,146.22 +54.3 ▲ 1.3% Gold $2,058 +47.4 ▲ 2.4% Nikkei 225 28,156.97 +74.3 ▲ 0.3% BTC/ETH prices per CoinDesk Indices , as of 7 a.m. ET (11 a.m. UTC) Ether Surges Past $2.1K; Bitcoin Inches Toward $31K Crypto market observers expecting post-Shapella selling pressure to send ether\'s (ETH) price plunging slogged through a day of disappointment. The second-largest cryptocurrency by market capitalization started edging up steadily shortly before U.S. equity markets opened, stalling only after ETH\'s price had climbed past $2,000 for the first time since August. Ether was recently trading over $2,100, up more than 11% over the past 24 hours, as investors opted for the prospect of additional liquidity while earning staking rewards over the desire to take immediate profits and run. "Many traders had been waiting for the end of the upgrade to start long position accumulation," Ilya Volkov, CEO and co-founder of crypto trading service provider YouHodler, wrote CoinDesk in an email. "Therefore, neutral news about U.S. inflation plus deferred demand pushed ETH price up." Story continues Volkov noted that if current macroeconomic conditions don\'t worsen, It is unlikely that ether will veer from a price upswing that began with other major cryptos at the start of the year, even if selling pressure increases in subsequent weeks. "Basically, ETH price stays in the same upward trend channel from the beginning of the year," he wrote. Shapella, also called the Ethereum Shanghai upgrade, is the final leg in the Ethereum network’s transition from a proof-of-work (PoW) to more energy-efficient proof-of-stake (PoS) protocol. Crypto market observers had been split on its impact, with some predicting a price swing while others anticipated little change. Bitcoin also continued its more moderately paced momentum, recently edging toward $31,000, up more than 2.5% from Monday at the same time. Other major cryptos spent much of Thursday in the green with ARB, the token of layer 2 companion blockchain Arbitrum, recently soaring about 33% and APT, the native crypto of layer 1 blockchain Aptos, jumping about 12%. The CoinDesk Index , a measure of crypto markets performance, was recently up nearly 5%. Stocks closed higher with the tech-focused Nasdaq and S&P 500, which has a large tech component, rising 2% and 1.3%, respectively. A number of crypto-related stocks continued their recent upswing with miners Marathon Digital and Hut 8 Mining each rising about 15%. Recession-fearful Investors also continued to show their appetite for other assets that hold their value, sending gold above $2,050, near its all-time high of $2,069, set in 2020. Will ether continue to rise? CoinDesk analyst Glenn Williams suggested that ETH deposits would offer some signals about its path forward. Since January 2021 "the trajectory of ether deposited into ETH staking contracts has steadily risen, a direction that suggests the asset is gaining, not losing, favor," Williams wrote. "Over the coming weeks and months, this metric will likely flatten as investors who must un-stake ETH begin the process of doing so. But for those who want to stake, Shapella’s completion signals reduced risk, increased liquidity and brought an uptick in asset value." Biggest Gainers Asset Ticker Returns DACS Sector Ethereum ETH +11.1% Smart Contract Platform Dogecoin DOGE +7.8% Currency Cardano ADA +6.8% Smart Contract Platform Biggest Losers There are no losers in CoinDesk 20 today. Insights Why Didn’t You Sell the News of Ethereum’s Shanghai Upgrade? Going by the numbers, it seems like many ether (ETH) stakers have decided to hold onto their coins. Although several analysts predicted the just-completed Ethereum Shanghai hard fork (along with the separate Capella upgrade, together known as “Shapella”) would be a “sell-the-news” moment, ETH has actually climbed to eight-month highs. The second-largest crypto by market capitalization was trading above $2,000 for the first time since last summer, after gaining ~3% during trading hours in Asia. This article is excerpted from The Node, CoinDesk\'s daily roundup of the most pivotal stories in blockchain and crypto news. You can subscribe to get the full newsletter here . What this says about the viability of Ethereum and the outlook for the price of ETH is an open question. Shanghai, the backward-compatible hard fork, unlocked the ability for Ethereum stakers to withdraw tokens they pledged to the Ethereum deposit contract used to validate the proof-of-stake network, as well as the token payments they received for doing so. Many stakers initially pledged 32 ETH to become validators in 2020, and haven’t really had access to their coins since. So the 18 million-plus ETH currently staked (worth about $33 billion) has not led to a torrent of sales. Loyal CoinDesk readers likely knew the “selling pressure” on ETH was overstated . As Amphibian Capital CEO James Hodges wrote on Monday, the vast majority of ETH validators were in the red leading up to the event, making it unlikely they’d cash out at a loss. Now that crypto prices are rising, led in particular by bitcoin, which broke the important $30,000 threshold this week, fortunes may reverse. Read the full story here . Important events HashKey, Wanxiang HK Web3 Festival NFT.NYC 2023 ETHGlobal Tokyo CoinDesk TV In case you missed it, here is the most recent episode of "First Mover" on CoinDesk TV : Ether Crosses $2K After Shanghai Upgrade; Will Internet Giants Dominate the Metaverse? Ethereum\'s Shanghai upgrade is complete and the network is now processing staking withdrawals. Joining "First Mover" to discuss Shapella, as the upgrade is also called, is a senior protocol engineer at Ethereum client Besu, Justin Florentine. Also, internet giants and their metaverse moves are getting some regulators concerned. Sebastien Borget, co-founder and chief operating officer of The Sandbox, joined to discuss. Plus, the latest in the FTX bankruptcy case and a closer look at the crypto scene in South Korea. Headlines ROOK Investors Begin Swapping Tokens for $25M Crypto Treasury: Rook Labs and activist investors reached a deal that returns millions of dollars to the former DAO. Ether’s Post-Shanghai Rally Knocks Bitcoin Dominance From 21-Month High: ETH’s share of the total crypto market capitalization rose to a one-month high, according to TradingView data. Ether Price Swings Upward After Ethereum Upgrade, but What About the Future?: The price increase addresses the question of whether ether would rise or fall following the completion of the hard fork. Bitcoin Miner Stocks Continue Torrid Run as $30K Level Holds: Fresh economic data Thursday morning suggested slowing in both inflation and the employment picture. Exploit Involving Aave and Yearn Helped Users Make Money: The exploiter paid back Aave users’ USDT debts on its v1 markets, making the total USDT borrowed stand at zero.', 'Bitcoin moved higher in the US$30,000 band in Friday morning trading in Asia amid strong gains among the top 10 non-stablecoin cryptocurrencies. Ethereum led the winners following the blockchain\x92s Shanghai hard fork this week, jumping almost 10% and breaching the US$2,000 mark for the first time since August 2022. U.S. equities rallied overnight on softer readings in the U.S. producer price index (PPI) and jobless claims, adding to optimism the Federal Reserve could soon end its year-long cycle of raising interest rates to curb inflation. See related article: Musk\x92s Twitter partners with eToro to offer crypto and stocks to users Fast facts Bitcoin rose 2.54% to US$30,769 in the 24 hours to 09:00 a.m. in Hong Kong to post a weekly gain of 9.47%, according to CoinMarketCap data . The leading cryptocurrency has gained 83% so far this year as it seemed to rediscover a role as a hedge against inflation and recession and looks set to test US$31,000 as it moved within a couple of hundred dollars of that ceiling in later morning trading in Asia. Bitcoin also found support after the London Stock Exchange Group plc. on Thursday said it had partnered with GFO-X \x96 the UK\x92s first regulated and centrally cleared trading venue for digital asset derivatives \x96 to provide the country\x92s first trading and clearing services for Bitcoin index derivatives, according to Reuters on Friday. Ethereum jumped 9.97% to US$2,100, adding 11.66% for the week after the network\x92s Shanghai upgrade, which allows investors to withdraw their staked Ether for the first time. Etheruem holders have so far withdrawn around 215,000 staked Ether, while another 961,000 withdrawals are pending, according to data from Token Unlocks , which accounts for about 6% of the total staked Ether. Earlier speculation that the Shanghai upgrade may lead to a flood of selling and depress the price of the token isn\x92t panning out, Chen Zhuling, co-founder and CEO of crypto staking platform RockX, said in an interview on Thursday. Even if Ether are unstaked, it doesn\x92t necessarily mean that people are going to sell them, because they could also use it for other DeFi investments, he said. Dogecoin jumped 6.25% to US$0.0885 to hold a weekly gain of 2.
**Last 60 Days of Bitcoin's Closing Prices:**
[]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2023-04-14
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $593,130,738,569
- Hash Rate: 333271914.81203014
- Transaction Count: 315959.0
- Unique Addresses: 729076.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.68
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: After a rocky end to 2022, Bitcoin turned its luck around in the first three months of the year, skyrocketing 73% to outperform all major U.S. indexes.
The most popular cryptocurrency started the year off around $16,000 but finished the quarter around $28,500, its best quarterly performance in two years,according to CoinDesk. The cryptocurrency was trading at $28,000, down 1% on Monday morning, according to CoinMarketCap data.
Bitcoinoutperformed all major indexes in a quarter that saw stocks bounce back. The S&P 500 was up 7%, and the Dow Jones rose 0.4%, while theNasdaqled the pack with a 17% increase, its best quarter since the fourth quarter of 2020,according to CNN Business. Gold was also up 7% in the first quarter.
View this interactive chart on Fortune.com
The second-leading cryptocurrency,Ether, jumped 50% over the same period, and it could see additional gains afterthe Shanghai updateto its code later this month.
Part of the reason for Bitcoin’s recent success is a restoration of its “store-of-value” properties, according to a Fridayresearch reportby crypto exchangeCoinbase. Investors tend to put money into stores of value like gold whenmarketsfall.
Its correlation to the S&P 500 has dropped from a peak of 70% in May 2022 to 25% on March 30, just before the quarter ended, according to Coinbase. Because the digital currency serves as an alternative to the traditional financial sector, it has benefited from investor uneasiness following thefailure of Silicon Valley Bank and Signature Banklast month.
After holding just 43.9% of all crypto market share at the end of February, at the end of March, Bitcoin made up 47.7% of the digital asset market, according to Coinbase.
Last week, the cryptocurrency saw $8.8 million in inflows, while Ethereum saw outflows of around $2 million, according to a research note by digital asset investment and trading group CoinShares.
Another factor boosting both equities and Bitcoin is hopes from investors that the Federal Reserve will reverse course and cut interest rates. TheFed raised ratesa quarter of a percentage point following its meeting in March, and some investors think a rate cut could be imminent due to recession signals.
Still, after the Fed’s March meeting, Chairman Jerome Powell saida rate cut was unlikely for the rest of 2023.
This story was originally featured onFortune.com
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- Reddit Posts (Sample): [['u/toMARSSSSSSS', 'You are so close...', 26, '2023-04-14 00:14', 'https://www.reddit.com/r/dogelon/comments/12l88r8/you_are_so_close/', 'I\'ve been holding as part of this community since Nov 2021. I know some of you are frustrated that the token has not reached it\'s previously high levels in some time, but I just want to also write about my own experience, and why I believe this will net a very lucrative investment for me. (I lurk quite a bit, but poke my head up every once in a while) \n\n\nThe problem, and why this post will not be popular, is that my confidence in the token is based on the Methuselah Foundation and the macroeconomic timing of the crypto market, not unfounded "hopium" and hype. \n\n​\n\nTo me, this Token being successful has never been an "if", but a "when". And the "when" will surely be in large part based on Crypto\'s eventual rise (as Bitcoin and Ethereum have already steadily been rising) BUT ALSO on that fact that when the surge into this token comes people will rely on the values and mission of the Methuselah Foundation which has already stayed true to its foundational principles and promises even when its been hard. The combination of these two, alongside the dev team working on things in the background (vote in the DAO thing by the way) will eventually cause the surge you all are looking for. \n\n\nThis is a long term token, but I don\'t think it will be that much longer before we will feel very early to the party. I think that, as the Crypto market has its natural resurgence, we will find that holding our investment was worth it after all due to our token\'s legitimacy thanks to the Methuselah Foundation, its mission, and its transparency. When those looking to poke holes in us come around, it always comes down to the Methuselah Foundation...and they are sure and true. It\'s foundation is strong. \n\nI know its hard to wait, but you\'ve already come this far. Put your phone down for a bit and wait a bit, that\'s fine. We really do hold a token with an incredible organization that is doing incredible things and adding value to this world, and that\'s something worth being a part of. Value begets value, and I know we will see that someday soon reflected in the price once the winter is over. Don\'t let the cold get to ya. \n\n\nThat\'s all for now. \n\n\ntldr; Crypto conditions warming combined with our legitimacy through the Methuselah Foundation will cause this token to surge as it has in the past just as Bitcoin and Ethereum and all of Crypto will, of course. It just takes patience, which is hard, I know. But worth it in the end.', 'https://www.reddit.com/r/dogelon/comments/12l88r8/you_are_so_close/', '12l88r8', [['u/spartikle', 12, '2023-04-14 00:26', 'https://www.reddit.com/r/dogelon/comments/12l88r8/you_are_so_close/jg5ktxh/', 'I just know if I sell ELON will moon and I will die inside lmao', '12l88r8']]], ['u/Conscious_Most_4371', 'Coinbase volume is super low. Tether market cap is near ATH', 151, '2023-04-14 00:25', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/', 'Coinbase daily volume is in the ~12,000 BTC range. This is atrocious. This used to be the volume for a Saturday or Sunday. They used to have 60,000+ BTC volume on any given weekday. \n\nAt the same time, Tether’s market cap is pushing up to the all time high from 2021. It’s up over $600M this week alone.\n\nAll these very public indicators point to the Bitcoin market become more fraudulent and inauthentic than ever before (and that’s saying something). The greater the fraud, the more perilous the market becomes. Personally, I’m expecting a major crash at some point within the next 60 days. For any butters out there, feel free to set a #remindme flag.', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/', '12l8ux6', [['u/Ichabodblack', 18, '2023-04-14 00:45', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg5nfrc/', 'Got the syntax wrong bud', '12l8ux6'], ['u/dyzo-blue', 101, '2023-04-14 01:03', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg5pwnh/', "Also with the collapse of FTX.US and the risks around Binance, almost all American butters should be trading on Coinbase.\n\nThe problem is KYC. If an exchange embraces it, as they are legally and morally obliged to, the client base vanishes. Also, if you don't have bots wash trading, volume vanishes.\n\nBTW: the butters have come up with a new euphemism for bot wash trading\n\n> **self-sustained demand**\n\nhttps://twitter.com/Bitfinexed/status/1646587032918196224", '12l8ux6'], ['u/NotAnotherEmpire', 45, '2023-04-14 01:12', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg5r4jp/', 'If it\'s severed from real economic concepts because it\'s been severed from real money, it doesn\'t have to "crash." Because the holders cannot sell, so the price isn\'t set by real sales. What you see is the quote in funbux, which most know aren\'t real. So might as well bid more of them.\n\nRealistically, people trading on Binance who want cash USD at some point have already lost their money. May not apply if you are a scary international gangster.\n\nThe fake money exchanges don\'t matter for setting a true market price, which is a primary reason the SEC has denied a Bitcoin spot ETF again and again. That would be a real money instrument, except it reflects all the fake money trading.', '12l8ux6'], ['u/kcarmstrong', 40, '2023-04-14 01:22', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg5sf2q/', 'Jesus Christ. They are outright justifying market fraud', '12l8ux6'], ['u/i-can-sleep-for-days', 16, '2023-04-14 01:48', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg5vwy9/', 'Are butters people who are into crypto or are butters people who likes this sub?', '12l8ux6'], ['u/celticguardian421', 24, '2023-04-14 01:56', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg5x2io/', 'Someone who’s into crypto.', '12l8ux6'], ['u/celticguardian421', 12, '2023-04-14 02:33', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg61y9k/', 'Buttcoiners I guess.', '12l8ux6'], ['u/dronetroll', 15, '2023-04-14 03:18', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg67swh/', 'Imagine thinking that "fake it til you make it" is a genuine market strategy', '12l8ux6'], ['u/ShadowHound75', 12, '2023-04-14 03:27', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg68wp1/', 'I love it when cults fight each other.', '12l8ux6'], ['u/shiningdialga13', 21, '2023-04-14 03:31', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg69j84/', 'Did you give yourself those awards,', '12l8ux6'], ['u/[deleted]', 18, '2023-04-14 03:50', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg6bzpr/', "Wintermute is still around. There are plenty of market makers/fakers using pretend bucks to keep prices high. I think they're beyond the point of trying to cash out - with all the lawsuits flying around, it's a life-and-death moment and the crypto cartel is doing everything to prevent a collapse.\n\nIt's a speedrun of Enron. Instead of company shares being used for borrowings, it's crypto as collateral against fiat, so any large drop in crypto prices could trigger insolvencies throughout the entire crypto system.", '12l8ux6'], ['u/stormdelta', 11, '2023-04-14 04:17', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg6fe9n/', "It's not too late to pull money out yet - you can still use wires. But the convenient ACH transfers are largely gone yes.", '12l8ux6'], ['u/Nahbjuwet363', 25, '2023-04-14 04:45', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg6iu9g/', 'Sane', '12l8ux6'], ['u/Ironfingers', 14, '2023-04-14 05:58', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg6r877/', 'Lmao how crazy is it to worship a database and numbers', '12l8ux6'], ['u/ispb2', 15, '2023-04-14 07:31', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg700f6/', 'Poor-stayers. Non-understanders.', '12l8ux6'], ['u/wote89', 15, '2023-04-14 08:57', 'https://www.reddit.com/r/Buttcoin/comments/12l8ux6/coinbase_volume_is_super_low_tether_market_cap_is/jg76yy1/', '"Here\'s further evidence that the number is absolutely meaningless except as a way to rope in rubes for liquidity."\n\n"Oh, yeah?! Well, that meaningless number is *even bigger*!"', '12l8ux6']]], ['u/Stock_Wear5934', 'Romance scam', 55, '2023-04-14 01:03', 'https://www.reddit.com/r/Scams/comments/12lafjr/romance_scam/', 'I have this friend who is 70 years old who met this person online playing word chums. She has been “dating” this guy for about four years and he keeps saying that he is American, but works in Nigeria, first off It was Scandinavia then he told her he’s been in Nigeria, but not to tell her family and friends. They know he exists and tells her he’s “not real’ , she sends him most of her money, she works so hard for. her bills are getting shut off because she can’t afford her bills, she sent him a mobile phone, but of course got stopped at the border so they kept the Sim, but let him have the phone , constantly needs medical attention that cost money and she sends it. \n\nI’m 30 years younger than her so I know the scams. A few weeks ago I told her that he’s scamming her, ...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["Join the most important conversation in crypto and web3! Secure your seat today\nThe TrueUSD (TUSD)stablecoin’smarket share in bitcoin (BTC) trading volume on Binance is catching up to Tether’sUSDTfollowing the exchange’s zero fee trading discount, but data shows traders are still reluctant to useTUSD, according to crypto data firm Kaiko.\nBetween Binance’s BTC-TUSD and BTC-USDT trading pairs, TUSD’s market share rose to 49%, almost equalling Tether's.\n“This is a massive increase over just a few weeks,” Clara Medalie, head of research at Kaiko, said.\nHowever, TUSD’s growth could not offset the rapid decline in the BTC-USDT pair’strading volumeafter Binance waived its zero fee discount for Tether, according to Kaiko data. Moreover, larger buy and sell orders are still placed for the USDT pair, per Kaiko.“This suggests that traders are still reluctant to use TUSD despite zero fees,” Medalie added.\nTUSD’s rise has come as Binance, the world’s largest crypto exchange by trading volume, picked the token as heir of its preferred Binance USD (BUSD) stablecoin issued by Paxos Trust.\nThe exchange restored trading with TUSD after asix-month pauseafter Paxos’ decision to stop issuing BUSD and assigned its zero-fee trading discount to the BTC-TUSD pair and waived the promotion from BUSD and USDT starting on March 22.\nThe $132 billion stablecoin market is undergoing a major upheaval stemming from a regulatory crackdown and a banking crisis in the U.S. In February, the New York Department of Financial Services (NYFDS), the state’s top financial regulator, forced Paxos tocease mintingBUSD, the third largest stablecoin with a $16 billion market cap. Last month, thecollapseof crypto-friendly Silicon Valley Bank, reserve partner of the second largest stablecoinUSDC, sentshockwavesthrough the market. In the aftermath, USDCsufferedmore than $10 billion in outflows.\nTether’s USDT and TUSD have emerged as clear winners of the crisis. TUSD has become the crypto market’sfifth largest stablecoinwith a $2 billion market cap. USDT’s circulating supply has grown $10 billion in the past months and is closing in on its all-time high.\nStablecoinsare a crucial element in the crypto ecosystem, facilitating trading on exchanges and serving as a bridge between government-issued fiat money and digital assets.\nTUSD is a dollar-pegged stablecoin issued by crypto firmArchBlock, previously known as TrustToken. Its value is fully backed by fiat assets, according to blockchain data provider ChainLink’sproof-of-reserve monitoring tool. In 2020, a little-known Asian conglomerate Techteryx acquired TUSD’s intellectual property rights, TrustTokensaidat the time.", "Join the most important conversation in crypto and web3! Secure your seat today\nThe TrueUSD (TUSD)stablecoin’smarket share in bitcoin (BTC) trading volume on Binance is catching up to Tether’sUSDTfollowing the exchange’s zero fee trading discount, but data shows traders are still reluctant to useTUSD, according to crypto data firm Kaiko.\nBetween Binance’s BTC-TUSD and BTC-USDT trading pairs, TUSD’s market share rose to 49%, almost equalling Tether's.\n“This is a massive increase over just a few weeks,” Clara Medalie, head of research at Kaiko, said.\nHowever, TUSD’s growth could not offset the rapid decline in the BTC-USDT pair’strading volumeafter Binance waived its zero fee discount for Tether, according to Kaiko data. Moreover, larger buy and sell orders are still placed for the USDT pair, per Kaiko.“This suggests that traders are still reluctant to use TUSD despite zero fees,” Medalie added.\nTUSD’s rise has come as Binance, the world’s largest crypto exchange by trading volume, picked the token as heir of its preferred Binance USD (BUSD) stablecoin issued by Paxos Trust.\nThe exchange restored trading with TUSD after asix-month pauseafter Paxos’ decision to stop issuing BUSD and assigned its zero-fee trading discount to the BTC-TUSD pair and waived the promotion from BUSD and USDT starting on March 22.\nThe $132 billion stablecoin market is undergoing a major upheaval stemming from a regulatory crackdown and a banking crisis in the U.S. In February, the New York Department of Financial Services (NYFDS), the state’s top financial regulator, forced Paxos tocease mintingBUSD, the third largest stablecoin with a $16 billion market cap. Last month, thecollapseof crypto-friendly Silicon Valley Bank, reserve partner of the second largest stablecoinUSDC, sentshockwavesthrough the market. In the aftermath, USDCsufferedmore than $10 billion in outflows.\nTether’s USDT and TUSD have emerged as clear winners of the crisis. TUSD has become the crypto market’sfifth largest stablecoinwith a $2 billion market cap. USDT’s circulating supply has grown $10 billion in the past months and is closing in on its all-time high.\nStablecoinsare a crucial element in the crypto ecosystem, facilitating trading on exchanges and serving as a bridge between government-issued fiat money and digital assets.\nTUSD is a dollar-pegged stablecoin issued by crypto firmArchBlock, previously known as TrustToken. Its value is fully backed by fiat assets, according to blockchain data provider ChainLink’sproof-of-reserve monitoring tool. In 2020, a little-known Asian conglomerate Techteryx acquired TUSD’s intellectual property rights, TrustTokensaidat the time.", 'Not for distribution to U.S. newswire services or for dissemination in the United States . This announcement and the information contained herein is restricted and is not for release, publication, or distribution, in whole or in part, directly or indirectly in, or into or from the United States or any other jurisdiction in which the same would be unlawful.\xa0Further, this announcement is for information purposes only and shall not constitute an offer to sell or issue or the solicitation to buy, subscribe for or otherwise acquire any securities of The Bitcoin Fund or the 3iQ Bitcoin ETF in any jurisdiction in which any such offer or solicitation would be unlawful. TORONTO , April 14, 2023 /CNW/ --\xa03iQ Corp. ("3iQ"), is reminding holders of units (the "Units") of The Bitcoin Fund (TSX: QBTC) (TSX: QBTC.U) (the "3iQ Fund") of the options available to them in connection with the upcoming annual redemption of Units. These options are (i) a voluntary option to convert all or part of their Units into units of the 3iQ Bitcoin ETF (the "3iQ ETF") (TSX: BTCQ) (TSX: BTCQ.U), (ii) an in-kind redemption for bitcoin , and (iii) redemption for cash at 100% of net asset value per Unit. The annual redemption date of the 3iQ Fund is June 16, 2023 . (PRNewsfoto/3iQ) Conversion Unitholders can elect to convert all or part of their Units into units of the 3iQ ETF. This conversion will be effected on a relative net asset value basis (NAV-for-NAV). Unitholders should be aware that the conversion portion of the transaction will constitute a disposition for tax purposes of Units of the 3iQ Fund by unitholders. In-kind Redemption Unitholders holding 20,000 Units or more who wish to redeem their Units and who have accounts with the sub-custodian of the 3iQ Fund, Gemini Trust Company, LLC, may, with the consent of 3iQ, redeem their Units for bitcoin . Bitcoin delivered pursuant to an in-kind redemption will be valued at the net asset value of the Units on the annual redemption date. Story continues Process Unitholders electing to exercise their redemption right must submit a redemption request, no later than 5:00 p.m. EST on May 31, 2023 (the "cut-off") to The Canadian Depository for Securities Limited ("CDS") through their investment dealer and, in the case of the conversion option, direct that the redemption proceeds be applied to the purchase of units of the 3iQ ETF. Unitholders should note that their investment dealer may require additional time in order to be able to submit a redemption and purchase notice through CDS in time to meet the cut-off and should therefore contact their investment dealer well in advance of the cut-off time. Press Contact: Fred Pye - CEO E: [email protected] P: +1 (416) 639-2130 About 3iQ Corp Founded in 2012, 3iQ Corp. (3iQ) has more than C$780 million in assets under management. 3iQ was the first Canadian investment fund manager to offer a public bitcoin investment fund, The Bitcoin Fund (TSX: QBTC) (TSX: QBTC.U), and a public ether investment fund, The Ether Fund (TSX: QETH.UN) (TSX: QETH.U). More recently, 3iQ launched the 3iQ Bitcoin ETF (TSX: BTCQ) (TSX: BTCQ.U) and the 3iQ Ether ETF (TSX: ETHQ) (TSX: ETHQ.U). 3iQ offers investors convenient and familiar investment products to gain exposure to digital assets. For more information about 3iQ: Visit us at 3iQ.ca Follow us on Twitter @3iQ_corp or on LinkedIn at https://www.linkedin.com/company/3iq-corp/ Subscribe to our YouTube channel https://www.youtube.com/c/3iQDigitalAssetManagement There are ongoing fees and expenses associated with owning units of an investment fund. Please read the prospectus of the 3iQ Bitcoin ETF and the annual information form of The Bitcoin Fund (together, the "Funds") before investing. Important information about the Funds is contained in the prospectus of the 3iQ Bitcoin ETF and the annual information form of The Bitcoin Fund. Copies of the prospectus and the annual information form may be obtained from 3iQ Corp. at 3iQ.ca or at www.sedar.com . You will usually pay brokerage fees to your dealer if you purchase or sell units of the Funds on a stock exchange or other alternative Canadian trading system (an "exchange"). If units of the Funds are purchased or sold on an exchange, investors may pay more than the current net asset value when buying units of the Funds and may receive less than the current net asset value when selling them. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performanc
**Last 60 Days of Bitcoin's Closing Prices:**
[]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2023-04-15
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $588,240,024,094
- Hash Rate: 376121161.0021483
- Transaction Count: 276185.0
- Unique Addresses: 644020.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.68
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Mike Novogratz, CEO of Galaxy Investment Partners, speaks during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 8, 2022 in Miami, Florida. Marco Bello/Getty Images Mike Novogratz says he's shocked US regulators are cracking down on crypto, but turning a blind eye to AI. "It is dumb to think that we should cache this industry because of Sam Bankman-Fried in his Bermuda shorts, period," he said. The crypto billionaire said AI could trigger a "deep fakes" identity crisis, something what crypto could actually help tackle. Mike Novogratz says he's shocked the US regulators are cracking down on crypto and not artificial intelligence. A sudden frenzy in artificial-intelligence technology kicked off 2023, largely due to the popularity of OpenAI's language tool, ChatGPT, which was launched in November. "When I think about AI, it shocks me that we're talking so much about crypto regulation and nothing about AI regulation. I mean, I think the government's got it completely upside-down," the Galaxy Digital CEO said on a fourth-quarter conference call on Tuesday. The crypto world has come under intense scrutiny since the collapse of digital-asset exchange FTX. Regulators have stepped up their crackdown on several companies, including the world's largest crypto exchange Binance . The company is facing a raft of US regulatory probes , and just got sued by the Commodities Futures and Trading Commission for allegedly breaching US financial laws. But authorities should instead turn their attention to AI, according to Novogratz, who thinks the technology poses big problems. AI threatens to trigger a "deep fakes" identity crisis, according to him. Deepfakes use deep learning artificial intelligence to replace the likeness of one person with another in video and other digital media. "In lots of ways, one of the best-use cases for crypto is going to be identity around AI, because pretty soon you're going to get a fake Mike Novogratz, hopefully with hair [...] how do you prove identity in a world like that?" he said. "It is dumb to think that we should cache this industry because of Sam Bankman-Fried in his Bermuda shorts, period," Novogratz said. Story continues AI, however has been a heavily discussed topic since the debut of ChatGPT. Hype around the chatbot has lifted artificial intelligence stocks including Nvidia , which has surged about 83% since the start of 2023. While the chatbot has impressed crowds with its ability to spew out dating and stock investing advice, it's also raised concerns about the risks it poses. The Federal Trade Commission (FTC) is skeptical about the AI revolution since it could introduce online bias, discrimination, and other consumer harms . Meanwhile, a British spy agency warned that AI chatbots like ChatGPT pose a security threat because sensitive queries stored in chatbot providers could be hacked or leaked. Read the original article on Business Insider...
- Reddit Posts (Sample): [['u/OneThatNoseOne', 'SEC head Gensler has come out and criticised crypto firms for not following the law. To what law does he refer to?', 146, '2023-04-15 00:31', 'https://www.reddit.com/r/CryptoCurrency/comments/12mg30c/sec_head_gensler_has_come_out_and_criticised/', 'Gensler recently made a statement that "Crypto platforms ‘are acting as if they have a choice to comply with our laws". This was among his recent remarks with regard to the industry. He made further allegations against crypto firms continuing, "“Calling yourself a crypto platform is not an excuse to ignore the securities laws. Calling yourself a DeFi platform is not an excuse to defy the securities laws.”\n\nI can only ask in response to this, WHAT laws is he referring to. Staking as a service was never stated to be against securities law before the SEC suddenly said it was and started handing out fines. It doesn\'t really matter if you view them as being securities, the fact is that the laws were murky around it and the SEC failed to give notice, guidelines or clarity in advance. Or maybe he is referring to the tokens and coins that are classified as securities. Gensler himself has wavered back and forth on very topic stating at one time that only BTC and ETH were commodites, then backtracking to only BTC is a commodity, saying at another time that **all** tokens are securities and also vaguely admitting that *some* stablecoins are commodities, but refusing to say which. This issue is only made less clear as the CFTC named BTC, LTC, ETH, BUSD, USDT and some other unamed tokens as commodities in their suit against Binance.\n\nOver the years he has also ordered a number of exchanges to comply under securities law, but how is that possible when they can\'t even state which tokens and coins are securities. We could also flip across to the secret meetings and privileged regulations FTX and SBF were entitled to under Gensler\'s watch and likely by his very hand. This whole thing is shambolic.', 'https://www.reddit.com/r/CryptoCurrency/comments/12mg30c/sec_head_gensler_has_come_out_and_criticised/', '12mg30c', [['u/The-Francois8', 30, '2023-04-15 00:36', 'https://www.reddit.com/r/CryptoCurrency/comments/12mg30c/sec_head_gensler_has_come_out_and_criticised/jgaf7wa/', 'The Gary Codes. \n\nThey’re top secret. He won’t tell you what they are… until you break one.', '12mg30c'], ['u/z0uNdz', 20, '2023-04-15 00:37', 'https://www.reddit.com/r/CryptoCurrency/comments/12mg30c/sec_head_gensler_has_come_out_and_criticised/jgafdkq/', 'This is the main issue. The SEC used to say “come in and talk to us”. Yet when firms do they provide no clarity on what to do.\n\nCoinbase has come out and said this. They met with the SEC multiple times yet they never get any resolution on trying to register or comply with laws bc they do not exist', '12mg30c'], ['u/Parush9', 13, '2023-04-15 00:49', 'https://www.reddit.com/r/CryptoCurrency/comments/12mg30c/sec_head_gensler_has_come_out_and_criticised/jgagz6v/', 'Over the year they had about 30 Meetings . It was a big fail thanks GG the prick.', '12mg30c'], ['u/betweenthebars34', 63, '2023-04-15 01:05', 'https://www.reddit.com/r/CryptoCurrency/comments/12mg30c/sec_head_gensler_has_come_out_and_criticised/jgaj4qu/', "He sure as fuck doesn't make Citadel follow the law. Start there, Gensley.", '12mg30c'], ['u/LivingDracula', 12, '2023-04-15 05:35', 'https://www.reddit.com/r/CryptoCurrency/comments/12mg30c/sec_head_gensler_has_come_out_and_criticised/jgbfwcu/', "He's referring to these laws..\n\nSecurities Act of 1933.\n\n\nSecurities Exchange Act of 1934.\n\n\nTrust Indenture Act of 1939.\n\n\nInvestment Company Act of 1940.\n\n\nInvestment Advisers Act of 1940.\n\n\nSarbanes-Oxley Act of 2002\n\n\nAre you trolling or just ignorant?\n\nCrypto wallets for all intensive purposes are just number accounts, for example. KYC laws require you sign a document whenever you have a numbered account. There's also rule 144, which Binance and many other exchanges have violated every single time they bought or sold more than 5% of the supply of a crypto. Regulation A, has to do with crowdfunding limits and certainly should be applied to ICO's. \n\n\nIn other words, it's not that the SEC hasn't provided guidance, etc. It's that people in the space are acting dumb, breaking the existing laws and regulations by pretending a new technology makes them exempt, which isn't necessarily the case...", '12mg30c']]], ['u/kbeckes1', 'Will rising crypto values help Celsius out of bankruptcy?', 19, '2023-04-15 02:59', 'https://www.reddit.com/r/CelsiusNetwork/comments/12mkgkf/will_rising_crypto_values_help_celsius_out_of/', 'With ETH over $2000 and BTC over $30,000, this should help Celsius out of bankruptcy and get more of our money back. Right??', 'https://www.reddit.com/r/CelsiusNetwork/comments/12mkgkf/will_rising_crypto_values_help_celsius_out_of/', '12mkgkf', [['u/No_Water_5763', 10, '2023-04-15 05:01', 'https://www.reddit.com/r/CelsiusNetwork/comments/12mkgkf/will_rising_crypto_values_help_celsius_out_of/jgbcg9x/', 'Nope. This ponzi is over. Celsius as a company is gone. Even if btc rises to 1 million. Both Celsius and you know you are gonna withdraw at the first opportunity. They will use chap 11 to milk more of our money.', '12mkgkf'], ['u/slibetah', 26, '2023-04-15 05:32', 'https://www.reddit.com/r/CelsiusNetwork/comments/12mkgkf/will_rising_crypto_values_help_celsius_out_of/jgbfo78/', 'It will help Alex’s legal fees and acquiring 2024 model luxury cars. The 2021 fleet is a little long in the tooth.', '12mkgkf'], ['u/MVIVN', 51, '2023-04-15 07:22', 'https://www.reddit.com/r/CelsiusNetwork/comments/12mkgkf/will_rising_crypto_values_help_celsius_out_of/jgbpy4p/', "Even if btc hits ath tomorrow we're not gonna get our money back any time soon. I truly hate that I ever put any money in this worthless company to be managed by these scummy criminals in the first place. Makes my blood boil.", '12mkgkf'], ['u/ValeriePage', 15, '2023-04-15 11:35', 'https://www.reddit.com/r/CelsiusNetwork/comments/12mkgkf/will_rising_crypto_values_help_celsius_out_of/jgc89ym/', 'Our money is going towards keeping Alex out of prison.', '12mkgkf'], ['u/T1Pimp', 19, '2023-04-15 16:10', 'https://www.reddit.com/r/CelsiusNetwork/comments/12mkgkf/will_rising_crypto_values_help_celsius_out_of/jgcxxr9/', 'To be fair, you/we were lied to at every fucking turn by Mashinsky and Co.', '12mkgkf']]], ['u/cperch5', 'Do what they do not what they say', 28, '2023-04-15 03:04', 'https://www.reddit.com/r/Bitcoin/comments/12mkllm/do_what_they_do_not_what_they_say/', 'Warren has consistently held one stock forever. BAC. Warren publicly says crypto/btc is worthless yet BAC has the most crypto patents in the world. BAC and Fidelity also bought a combined 85 million worth of MicroStrategy in Q1. Hmm I wonder why.\n\nThey try to scare the public away so they can position themselves to profit off us. It’s all a game.', 'https://www.reddit.com/r/Bitcoin/comments/12mkllm/do_what_they_do_not_what_they_say/', '12mkllm', [['u/Umpire_State_Bldg', 13, '2023-04-15 03:22', 'https://www.reddit.com/r/Bitcoin/comments/12mkllm/do_what_they_do_not_what_they_say/jgb0ulq/', 'Why would any reasonable person give a fuck what Buffett says about anything - especially Bitcoin?', '12mkllm'], ['u/ride_the_LN', 11, '2023-04-15 06:27', 'https://www.reddit.com/r/Bitcoin/comments/12mkllm/do_what_they_do_not_what_they_say/jgbl51j/', 'Elizabeth Warren Buffett has entered the chat', '12mkllm']]], ['u/akdbaker816', 'When to stop DCA?', 24, '2023-04-15 03:07', 'https://www.reddit.com/r/CryptoCurrency/comments/12mknzv/when_to_stop_dca/', "Was curious on others opinions that have been in the market longer as to when to stop DCA. I had a plan to begin investing in BTC and other projects once BTC hit sub 30k. Proud of myself as I waited patiently for this mark and stuck to my contributions every week. As we pass 30k on the uptrend I'm curious on when others stopped DCA.\n\nOf course I wish I had a larger position. Honestly didn't think we'd hit these levels this fast and have been feeling kind of torn between continuing and the fact I wouldn't pay at these prices not too long ago.", 'https://www.reddit.com/r/CryptoCurrency/comments/12mknzv/when_to_stop_dca/', '12mknzv', [['u/Mr_Bob_Ferguson', 21, '2023-04-15 03:22', 'https://www.reddit.com/r/CryptoCurrency/comments/12mknzv/when_to_stop_dca/jgb0wxh/', '* DCA is just the method used to average out your buy or sell price over a period of time for any type of investment.\n* Most people implement DCA for things such as index funds for the purpose of buying right through to the point where they have enough of a revenue stream to live from. That\'s their goal.\n\nSo instead, the question is "what is your investment goal"?\n\nThen you work backwards to determine how crypto, and DCA, might work towards that goal.\n\nIt sounds like you have more of a question about "asset allocation". Where the answer is normally "you put your money into whatever you believe will provide you with the best return over time".\n\nIf you don\'t think crypto will go up over the long term, or you have somewhere better to put your money, then you put it that somewhere else instead (you allocate your assets elsewhere).', '12mknzv'], ['u/Bostonparis', 13, '2023-04-15 05:24', 'https://www.reddit.com/r/CryptoCurrency/comments/12mknzv/when_to_stop_dca/jgbevi2/', "I'm personally gonna stop when USDT hits $2", '12mknzv']]], ['u/AutoModerator', '[Daily Discussion] - Saturday, April 15, 2023', 36, '2023-04-15 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/12mp6m8/daily_discussion_saturday_april_15_2023/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thre...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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