Business
6 min read
Published in
Coinmonks
RL’s Weekly Crypto Insider July 31st, 2023
This week: Today is a great day in crypto, Volatility and liquidity seem to have taken a vacation for the summer in Bitcoin and high cap Altcoins. Bitcoin is below the SR level of $29,500 currently at $29,150 and Ethereum is at $1,855. In the past August has records of not a…
Cryptocurrency
6 min read
Published in
Coinmonks
·Jul 24
RL’s Weekly Crypto Update July 24th, 2023
This week: Today is a great day in crypto, The final straw broke the camel’s back. After a very uneventful week in Crypto, Bitcoin finally broke the $29,500 support level and closed today below it on the daily chart. This turns our eyes to the next level of support which is between…
Cryptocurrency
6 min read
Published in
Coinmonks
·Jul 17
RL’s Weekly Crypto Update July 17th, 2023
This week: Today is a great day in crypto, SEC Vs. XRP Ripple case is finally resolved and XRP comes out as the winner! This was huge news for Bitcoin and the Cryptocurrency community. XRP was declared not a security, which will lift some weight off the cryptocurrency space. This type of…
Cryptocurrency
6 min read
Published in
Coinmonks
·Jul 11
RL’s Weekly Crypto Update July 11th, 2023
This week: Today is a great day in crypto, “We are now entering crypto summer”, -Mark Yusko, founder, and CEO of Morgan Creek Capital Management. The Crypto summer is not correlated to the season of weather, it represents the temperature of the bitcoin 4-year cycle and it’s heating up. During the “summer”…
Cryptocurrency
6 min read
Published in
Coinmonks
·Jul 6
RL’s Weekly Crypto Update July 6th, 2023
This week: After last week filing for a Bitcoin ETF, BlackRock’s CEO Larry Fink went on public saying Bitcoin could revolutionize finance. He also said it is “digitizing gold, in a way”. Fink was once a skeptic of Bitcoin calling it an avenue for “illicit activities” and now is sounding more like…
Bitcoin
5 min read
Jun 26
RL’s Weekly Crypto Update June 26th, 2023
This week: Bitcoin ETFs were the talk of town in crypto and pushed the BTC price back above 30k. Over the last six months, most of the headlines have been FUD and regulation crackdowns in crypto. We finally got some good news and the market reacted positively. This is a potential sign…
Cryptocurrency
5 min read
Jun 19
RL’s Weekly Crypto Update June 19th, 2023
This week: BlackRock files for Bitcoin ETF. This could potentially bring more awareness to Bitcoin and provide some confidence in institutional money to join the cryptocurrency market. Black Rock historically has a good track record of getting ETF’s approved. BlackRock is the largest asset management company with over 10 trillion on the…
Cryptocurrency
5 min read
Jun 12
RL’s Weekly Crypto Update June 12th, 2023
This week: Blood in the market continues with a capitulation in Alts 20%-30% over the weekend. With the S&P continuing to go up, the decoupling between crypto and Tradfi is not the decoupling crypto participants were hoping for. BTC moved back down to $26,800 to daily range lows. Bears are sitting comfy…
Cryptocurrency
4 min read
Jun 5
RL’s Weekly Crypto Update June 5th, 2023
This week: Binance FUD! The FUD this week goes to the SEC suing crypto exchange Binance and claiming multiple cryptocurrencies as securities. The SEC continues to do everything it can to slow down crypto’s progression in the US. BTC reacted to this news and rejected at the $27,400 resistance, dumping back down…
Cryptocurrency
4 min read
May 30
RL’s Weekly Crypto Update May 22–28
This week: Bitcoin pumps back up into daily range, bulls want it to reclaim and hold to push higher. If $27,200 holds on the daily, we could see a move back towards 30k. Debt ceiling deal has been established and looks to agree in the next coming days, pushing the debt back…
Cryptocurrency
4 min read
May 24
RL’s Weekly Crypto Update May 15–21
This week: Sideways choppy market continues. Bearish sentiment could catch traders offsides on a reverse move to the upside. Richard Heart releases Pulsechain a new layer 1 with a big following behind it with the HEX community. Could be a long-term play in the Defi space. Boring market could be luring traders…
Cryptocurrency
2 min read
May 16
RL’s Weekly Crypto Update May 15–21
This week: With meme season cooling off, May continues with a bearish looming trend. Bitcoin 2023 conference in Miami this weekend could lead to sell off post event. As we move towards the end of May keep in mind the summertime historically provides low volatility in financial markets. Quick Bit: BTC flipped…
Cryptocurrency
2 min read
May 9
RL’s Weekly Crypto Update May 8–14
May 9th, 2023 This week: Meme sznn! Frog coins go burr. Historically meme coins pumping means the end of a crypto rally. CPI numbers this week, forecasting 5.0%. Quick Bit: BTC price took a 6.5% dump to end last week and has started this week looking heavy still. Current week shows BTC red to…
Cryptocurrency
2 min read
May 4
How to survive the Crypto market and become a millionaire
Put in the work! It goes without saying, you must put in the time to gain the experience. You must put in hours of looking at charts, watching hours of YouTube, searching hours into different websites/platforms/strategies, twitter spaces, keeping up with social media on twitter, reading white-papers (even if you don’t fully understand them)…
Investing
8 min read
May 1
