Top Crypto Market Updates | March 08-10

byZero Gravity/March 11, 2022/inCrypto Market Updates, Crypto News, News

The latest news stories from the crypto world, including in-depth analysis on leading cryptocurrencies including Bitcoin and Ethereum.

Biden’s Executive Order (EO) Flipped Crypto Green, But Only For A While

The long-awaited Executive Order (EO) that focuses on bringing the US government close to regulating crypto is finally here. President Joe Biden has officially directed the Treasury Department to implement a strategy for policies and regulations on digital currencies, as per a White House fact sheet. The crypto market soared on Wednesday after the order was signed, and gained 140 billion within 24 hours. However, the market dipped shortly after, removing 100 billion from the total cap.

The biggest cryptocurrency by market cap, Bitcoin also flipped green following the leaked updates about the EO and stepped above its resistance level at $40k and stretched gains to $42,612. However, it has sharply nosedived under $40,000 and changed hands roughly at $39,278 at the time of writing. A possible reason for not spiking past $42,000 is the macro environment’s uncertainties due to the Ukraine-Russia conflict.

The technical indicators like stochastic show that Bitcoin might drop further before it can trigger a bullish price recovery. The ascending triangle forming shows a positive short-term outlook, wherein the flagship currency can get closer to $54,000.

Cardano’s and Tron’s Founder are The Talk of Crypto Town; Not for Right Reasons

Charles Hoskinson, the brains behind Cardano’s ecosystem, has been accused of lying about his Ph D. A few days ago, Laura Shin – a former Forbes journalist – released her book “The Cryptopians”, wherein she goes into details about founding Ethereum. When a Twitter user tweeted about misrepresenting Charles, to which Charles replied that her book is a “great work of fiction”. Laura replied with screenshots, showing that he hasn’t been honest regarding some of his claims, including information about his education.

On the other hand, a report published by a Verge journalist, Christopher Harland-Dunaway, has linked Justin Sun to many infractions, including insider trading, tax evasions, and market manipulation. The journalist has claimed that “current employees and official documents” exist that can confirm these allegations against the Tron Founder.

Crypto Pro Regulations Around the World

Following the EO on government oversight of digital currencies (read crypto), the US Treasury Department has announced plans to create an educational unity to educate and inform individuals about cryptocurrencies.

South Korea elects a pro-crypto candidate as the country’s next president. Yoon Suk-yeol, who has long been advocating “overhauling crypto regulations that are far from reality and unreasonable”, success as the president has come at a time when the country is experiencing “regulatory controversies.”

The Minister of Economy for Turkey, Mustafa Elitas, today at face-to-face discussions with Shiba Inu Turkiye to adopt Shiba Inu (SHIB).

Disclaimer:

The information discussed here is not financial advice. This is for educational and informational purposes only. DYOR before making any investments and consult your financial advisor. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.

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; The Founding Monkey @Gav_Berry ·

27 Jul 1684589423692853248

If you read between the lines I think it’s pretty obvious that @elonmusk will be integrating @dogecoin into @X as the preferential payments solution. Most likely tied to ad spend and payments to creators also.

The 3 screenshots below have subliminal messages hidden within them…

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; Cointelegraph @Cointelegraph ·

8 May 1655644988175437824

According to a report from The Wall Street Journal, Chinese companies are studying methods to develop AI via weaker semiconductors and combinations of chips to bypass reliance on a single type of hardware.

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; The Founding Monkey @Gav_Berry ·

29 Apr 1652281882002718720

People seem to be forgetting that BTC.D generally increases in a bear market not a bull market.

In bull markets Alts out-perform #bitcoin and in bear market Alts capitulate harder than #Bitcoin

Don’t be so sure that an explosion on BTC.D means an explosion for #Bitcoin

99.9%…

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; Drunken Monkey Members Club @DrunkenMonkey ·

21 Apr 1649391607798480897

Research shows that only a few #NFT projects will survive, those with Utility and those that are building vigorously throughout the Bear Market.

Fortunately we very much tick both of these boxes.

#Crypto Twitter, you have been warned on multiple occasions.

Tag your friends…

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; Drunken Monkey Members Club @DrunkenMonkey ·

21 Apr 1649384569567625216

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; 🐒The Social Monkey🐒 @G_DMMC_83 ·

17 Apr 1647998662629261312

@crypto_bitlord7 @Gav_Berry is a 💎

Never fade @DrunkenMonkey

Very big things are already here, not all professionals are aware of the services owning a membership has.

Yet

I’m surprised you don’t own a few digital assets to be fair bro

🌍

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; The Founding Monkey @Gav_Berry ·

16 Apr 1647705698040414212

As this bear-market rally finally comes to a close, we have one last episode, and that is the bear market Alt season…

Stables > #Bitcoin > #Ethereum #Altcoins > Stables….

Remember the pattern…

Tight stop-losses, Let’s go 🚀

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; The Founding Monkey @Gav_Berry ·

4 Apr 1643345006214762502

ETH 2.0 Shanghai upgrade (Thread)

Liquidity Staking Derivatives (LSDs)

Here is the story - (1)

Most will be aware of the #ETH 2.0 and the #Shanghai upgrade which comes to fruition on April 12th. 18 million ETH will become unlocked on April 12th, will this cause a sell-off?…