April 1, 2023

Saint Valentine will determine the price of bitcoin. Twitter will add crypto payments. Millionaires are flocking to cryptocurrencies.

A portion of the latest news from the crypto-safari:

Professionals keep losing jobs

Despite significant market growth in the first month of 2023, many companies continue to reduce their number - in January, 14 crypto firms laid off at least 2,900 specialists.

The largest layoff of staff was initiatedcrypto exchange Coinbase, which on January 10 reduced its headcount by about 950 employees. Exchanges Crypto com, Luno and Huobi have laid off about 500, 330 and 320 employees, respectively.

Twitter will add crypto payments

Twitter payment system under developmentwill initially only support fiat currencies, but Elon Musk wants it to support crypto payments in the future. The company has already begun the process of applying for the relevant state licenses (so far we are talking about fiat).

Mastercard and Binance Launch Card in Brazil

MasterCard has teamed up with the world's largest cryptocurrency exchange, Binance, to launch a prepaid cryptocurrency card in Brazil.

The new card is issued by Dock, a payment institution regulated by the Central Bank of Brazil.

Earlier, a similar project was launched in Argentina.

Millionaires flock to cryptocurrency

According to a recent survey by consulting firm deVere Group, 82% of millionaire clients were considering investing in digital assets in 2022.

The results of the survey, published on January 30,found that 8 out of 10 wealthy clients of the firm with assets to invest between $1.2 million and $6.1 million had sought cryptocurrency advice from financial advisors in the past 12 months.

Valentine's Day and Bitcoin

Everyone has their own theory about what makesprices for cryptocurrencies rise. Someone analyzes the monthly inflation rate, someone looks at the phases of the moon and the movement of the planets, but someone on Reddit found a new correlation:

Over the past six years, the price of bitcoin has risen substantially in the weeks leading up to the Super Bowl and Valentine's Day.

Of course, this is just a random correlation, but we know one thing for sure: although history does not repeat itself, it rhymes.

Sorry, dear, but this year there will be no flowers and chocolate - here's a Ledger for you!

Rising and Falling Leaders

Over the past day, the first cryptocurrency shows a decrease of 3%. And given that the third largest hourly long liquidation in 2023 was recorded yesterday, the sponsors of the fall have been found!

In the TOP-100 the situation is as follows:

  • average growth (5-9%) is shown by: DOGE and DASH. Almost all other assets are in the red zone.

  • Index of fear and greed of the crypto market

    (0 is extreme fear and 100 is extreme greed)

  • current value 51, yesterday 61, a month ago 26

  • domination

    BTC 42.3%, ETH 18.5%

    You will find more news, educational materials and investment ideas in our telegram channel: Mihaylets.PRO Investments