BTC is currently trading at ~$7,320, up ~1.1%over yesterday. On the daily chart, BTC is still trading below its 21-, 50- and 100-day EMA support lines, and RSI is still at ~36.4, indicative of significant bearish momentum. On the weekly chart, BTC managed to hold its 100-EMA support line after testing it the week before.
BTC also recently bounced off the lower bound of its lower highs and lower lows trading pattern/ channel/ zone it has been trading within since late June this year.
Poll of the Day
How much do you agree with this statement: "I would like to see more tools and features on the CoinMarketCap website."
Why or why not? What other tools do you wish to see on our site? Share with me in the polls!
Great success 👍
Singaporean government-backed blockchain platform Tribe has facilitated the raising of another $15.7 million in fundraising for participating companies via its ecosystem.
Tribe Accelerator revealed in a press release that a combined $28 million had been amassed to date. The money goes to backing startups worldwide trying to solve real-world issues with blockchain technology. 🌍
Managing Partner of Tribe Accelerator Ng Yi Ming said that another successful fundraising round "underscores the relevance of blockchain technology in solving real-world problems."
Spreading like wild fire 🔥
At its launch on 1 Dec in Southern China's Hangzhou, Huobi China revealed that it has joined a state-supported blockchain alliance, the Blockchain-Based Services Network (BSN) Development Alliance. 🇨🇳
The network is led by the State Information Center (SIC), a think-tank associated with China's highest central planning agency, the National Development and Research Commission.
It intends to offer infrastructure services for any Chinese or international entity that uses blockchain, and will be tested in 54 cities across China, including Singapore and Hong Kong for projects like smart city management.
New wallet! 💵
Japanese holding firm SoftBank has introduced a new debit card with a built-in cryptocurrency wallet in collaboration with U.S.-based wallet card creator Dynamics.
Called SBC Wallet Cards, the new item can be used as a traditional debit card or blockchain wallet. Customers can also use it as both hot and cold digital currency storage and check balance-related data in real-time. 🤔
The card is now exclusively available in Japan, but SoftBank intends to introduce it in Southeast Asia, Dubai, the U.S. and South Korea in the future.
Other news 📰
Former Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo, also known as "Crypto Dad" to the cryptocurrency world, is joining the Willkie Farr & Gallagher law company as senior counsel. 👨⚖️
The Central Bank of Sri Lanka plans to create a blockchain-based know-your-customer (KYC) platform, and is calling for such proposals. 📝
South Africa's central bank, the South African Reserve Bank (SARB), is reportedly about to impose new regulations for using digital currencies to discourage users from avoiding currency controls. 🤚
An activist who advocates for the mass adoption and use of strong cryptographic solutions and privacy-enhancing technologies to enact social and political progress.
Crypto calendar 📅
TBA - Justin Sun's lunch with Warren Buffett
What you said
"How much do you agree with this statement: "I would be interested in a separate weekly CoinMarketCap newsletter that deep dives into the various tools available on our site.""
The average vote was 8.4. 56% of y'all voted a '10'!
"Why or why not?"
The more you learn the better you can play – True! 🤓
I think it would help provide a broader, more in-depth understanding of the market for beginners. – Yass, it’ll equip beginners with tools to better navigate this crazy space. 😄
It would be great to get the most out of the site – Yup!
I didn’t know you had tools! – We are well equipped, my friend. Very well equipped. The idea here is to provide you guys with a bunch of tools, so you can go forth and formulate your own educated conclusions on which coins are a buy! 🛠️
a great idea and makes complete sense to separate from a daily update – Hell yaas! 👍
Can your tools eliminate the fake volume reports so we actually get a real market price? – We have a new liquidity metric that can give you a better sensing of whether a particular market is indeed as liquid as the volume/ fake volume makes it out to be. 🧐
More tools equals more capacity to trade successfully – Can’t disagree there! 👍
bring it on.. thanks for the work u guys are doing. – Well thank you for your continued support! It’s the least we could do. 🙏🏻
Coinmarketcap is the dictionary of all crypto currencies and it would be great to understand all the intricacies better. – Yep! Definitely no harm in learning more! 🤓
That actually sounds like a cool idea. (And now I feel a little bad because been a while since i used my fav features on app). will also serve as a cool reminder of what available on site. – Do continue using our features! 😄
Thank you all for reading! Catch you back here again tomorrow for your daily dose of crypto news! 💙