Draper's team opposes Elon Musk and says Fiat also produces too much CO2

Draper's team opposes Elon Musk and says Fiat also produces too much CO2

Investor and big billionaire Tim Draper, a supporter of Bitcoin, opposed elon musk's recent tweet that he would not accept bitcoins to buy Tesla cars.

Ilan should not accept to sell Tesla Fiat

The Draper team posted a belated response to Elon Musk's recent tweet.

 

Tesla CEO tweeted that the company will be looking for other digital currencies because Elon Musk has a strong belief in crypto (according to another tweet).

His anti-bitcoin rhetoric has pushed the currency below $ 50,000, and BTC has yet to return above that level.

 

Like many other crypto influencers who are outraged by Tesla's shift in BTC, Draper tweeted that the current financial system, with all its banks, uses a lot of energy and emits a lot of CO2.

 

The Draper team recommends that if Tesla stops accepting bitcoins (while BTC does not sell its balance sheet), the company should also stop accepting Fiat.

 

Anthony Pompliano believes that Elon Musk is publicly addressing the problem of "dirty" mining to provide a solution and launch a technology solution that enables bitcoin miners to use renewable energy.

 

Jack Dorsey supports Elon Musk

Jack Dorsey payment company Square, which keeps bitcoins on its balance sheet, has stated that it has no plans to buy another bitcoin at this time.

According to Amrita Ahoja, Squire's chief investment officer, the company believes that carbon emissions must be addressed first. Therefore, Square has expressed a view similar to Tesla's.

 

Square made two bitcoin purchases: $ 50 million BTC in October last year and another $ 170 million in February.

Still, as the CEO and founder of Twitter and Square, Jack Dorsey is a prominent supporter of Bitcoin, so Square, like Tesla, does not sell its bitcoins.

An overview of the cryptocurrency market Saturday, April 17

An overview of the cryptocurrency market Saturday, April 17

Bitcoin recovers the $ 62,000 balance

After the last record set earlier this week at $ 65,000, the market's top cryptocurrency reversed its trajectory and gradually declined.

As we reported, Turkey will ban the use of digital assets as a means of payment. Following the news, the market price of the first cryptocurrency fell more than $ 4,000.

This led to a daily price drop of more than $ 60,000 (on Bitstamp). However, the cows regained control and did not allow the price to fall below this level. On the contrary, BTC has jumped around $ 2,000 since then and is now above $ 62,000.

Technical indicators suggest that the first barriers to bitcoin resistance are at $ 62,500, $ 63,766 and the $ 65,000 record. Conversely, if the price falls, the asset could rely on support levels of $ 61780 and $ 60,000.

 

Bitcoin Cash returns to the top 10 currencies

Most replacement coins in the market mimicked yesterday's BTC performance with a significant decline. However, today they are mostly in the green space. Atrium fell more than $ 150 yesterday, but jumped 3% to its $ 2,500 record.

 

Bainance Quinn, which closed its 15th quarter token burning yesterday, fell below $ 530. However, BNB has grown by more than 5% and is now trading at around $ 540. Ripple (1%), Cardano (2%), Polkadot (2%) and Uniswap (1.5%) are also green. LightCoin and ChinaLink rose 13 percent and 6 percent to $ 323 and $ 43, respectively.

 

Dogecoin continued its impressive performance and is now trading above $ 0.3. Yesterday, this popular Meem Quinn reached more than $ 0.4 and its highest historical record.

Bitcoin Cache also showed the best performance among high-value cryptocurrencies with a dramatic 25% increase in 24-hour timeframes. As a result of these developments, BCH re-entered the top 10 currencies in the market with a price tag of $ 1,150.

 

Siacoin (76%), Nano (70%), Ethereum Classic (50%), Verge (45%), Vechain (41%), DigiByte (35%), Neo (20%), Ankr (20%) and Zilliqa (20%) have also been bullish today.

Finally, the cumulative market value of total cryptographic assets has increased by $ 100 billion since yesterday.

XRP returns to the Kevin Gate payment company platform - Saturday, April 10

XRP returns to the CoinGate payment company platform - Saturday, April 10

CoinGate, a digital currency payment service based in Lithuania, has returned the XRP token to its platform.

The company announced in an April 9 announcement that non-US users could now purchase the XRP token and use it as a means of payment.

CoinGate attributed the change to Ripple's success in his legal battle with the US Securities and Exchange Commission.

In particular, he referred to an out-of-court comment made by Judge Sarah Netborn, made by Ripple's lawyer at a hearing:

However, the case began after the first court hearing in Ripple's favor, where one of the judges observed that XRP "has a useful tool that distinguishes it from Bitcoin and Atrium."

The company says that as soon as the legal clarification, we will take the next steps in the lawsuit between the SEC and Ripple.

 

The cryptocurrency community has tirelessly called for XRP to return to US trading platforms after XRP reached its highest price in three years.

 

Coinbase, Binance.US and Kraken have all suspended XRP transactions in the US due to SEC crackdowns.

Bitcoin Analysis Sunday, April 4

Bitcoin Analysis Sunday, April 4

Last week, the price of Bitcoin surpassed $ 55,500 with a steady rise. The BTC / USD pair also broke the $ 58,000 resistance and was higher than the simple moving average of 100 (4 hours).

The pair even crossed the $ 59,500 level and continued its upward trend above the $ 60,000 resistance. However, the price did not close above the $ 60,000 level, but the price ceiling was set at around $ 60,030, after which a new downward trend began. In this downtrend, the support levels of $ 58,500 and $ 58,000 were broken.

The price of Bitcoin fell below the correction level of 23.6% Fibonacci retracement of the volatile price of $ 50,465 fell to the price level of $ 60,630. The BTC / USD 4-hour chart also shows a price break below a bullish uptrend line with support near $ 59,000.

The pair touched the $ 56500 support area and the simple moving average of 100 (4 hours). In addition, another uptrend line has formed with support at nearly $ 56,800 in the same chart.

If below the trend line support, the level of $ 56,500 and the simple moving average of 100 (4 hours) we see a downward price break, there is a possibility of a sudden fall to $ 55,250. This level is close to the 50% Fibonacci retracement level of the $ 50,465 uptrend to $ 60,630. Any further reductions may touch the $ 53,800 level.

If Bitcoin can stay above the $ 56500 support and the simple moving average of 100 (4 hours), it will probably face a price increase again.

The first major resistance to bitcoin is nearing $ 58,000. Closing the price above the $ 58,000 level could pave the way for a move to the 60,000 resistance area. The next major hurdle is close to $ 62,000.

Technical indicators

The MACD is accelerating hourly for the BTC / USD pair in the downtrend area.

The hourly RSI for the BTC / USD pair is currently below the 50 level.

Main Support: $ 56500

Main resistors: $ 58,000

Transfer of 127 million XRP tokens by Ripple and Bainance Exchange

Transfer of 127 million XRP tokens by Ripple and Bainance Exchange

In the past 24 hours, Ripple and Bainance Exchange, along with a small exchange, have moved 127.3 million XRP tokens (71,858,922) between their wallets, according to the Whale Alert.

The SEC-battered company transferred 39.1 million XRP tokens to Bainance, and then the same amount of XRP was transferred between Ripple wallets.

As reported by U.Today earlier this week and last week, Ripple has been successful in defending its interests in the legal battle against the US Securities and Exchange Commission, which began in late December 2020. .

The first sign of success is that the federal court has agreed to hold a conference call over Ripple's request to force the SEC to produce documents on the insecurity of Bitcoin and Atrium. This event will be held on April 6 (April 17).

The second step forward is that the XRP Association is now legally allowed to intervene in the lawsuit.

Interestingly, Jay Clayton, the former head of the SEC who took legal action against the company, has now joined the One River Asset Management Fund - which deals with digital currencies including bitcoin and ether.

The story of Bitcoin purchase by Bainance CEO: "I have never sold and I have done well so far"

  

The story of Bitcoin purchase by Bainance CEO: "I have never sold and I have done well so far"

Changpeng Zhao, CEO and founder of the world's largest digital currency ecosystem, Bainance Exchange, told his followers on his Twitter account the story of buying his first bitcoin.

Amid the sharp bitcoin price boost that has severely reduced Microstrategy shares, Michael Saylor, CEO of the company, spoke about investment myth Peter Lynch and author of One Up on Wall Street. In this statement, he rejected and rejected the efforts of many investors to buy at the price floor, with any correction in the market.

"More money has been lost by investors who prepared for or tried to anticipate the price correction than by the price correction itself."

Michael Saylor extended these words to Bitcoin. Peter Lynch, meanwhile, made the remarks long before digital currencies were accepted in society.

At the same time, CZ, CEO of Bainance Exchange, decided to further prove Lynch's law. He told the story of buying his first bitcoin seven years ago for $ 400.

In response to Michael Saylor's tweet, he wrote:

"I bought Bitcoin in 2014 at an average price of $ 600. I have seen many price corrections but I have never sold my bitcoins and I have done well so far. "This is not an economic recommendation."

He noted that after he bought Bitcoin, the price of Bitcoin fell to $ 200 and remained at that level for several months. He therefore recommends that all traders modify their trading time form to analyze the price of Bitcoin.

CZ was also one of the first supporters of the Laser Eye Challenge on Twitter. The challenge is for people to change their profile picture to laser eyes until the price of Bitcoin reaches 100,000 dollars. After him, many celebrities and politicians joined him and changed their photos.

The challenge has not been successful so far, and Bitcoin faced a 23 percent price correction and $ 5.4 billion in liquidation on February 22nd.

Economic calendar Monday, February 22

Economic calendar Monday, February 22

GBPUSD Tuesday, February 3

GBPUSD Tuesday, February 3

The short trend of the British pound against the US dollar is neutral. As long as the 1,3608 support remains in place, one can expect another GBPUSD pair to start moving. In the eyes of buyers, the break of $ 1,3758 could bring the uptrend starting from $ 1,1409 to the estimate of 61.8% Fibonacci at $ 1,3956. However, from the traders' point of view, if GBPUSD falls below the support of $ 1,3608, it will indicate the formation of a short-term price peak, especially since there is a downward divergence in the four-hour MACD indicator. In this case, the short-term GBPUSD trend will decline.