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BELANGRIJKE FEITEN BITCOIN

• Bitcoin maakte woensdag in de vroege ochtendsessie een ongelooflijke sprong door de $55.000 te doorbreken.
• De dalende rente op Amerikaanse obligaties zette handelaren er echter toe aan om de meerweekse top te verkopen.
• Het onderliggende bullish sentiment hield Bitcoin boven cruciale steunniveaus, terwijl de markt wachtte op het Amerikaanse rapport over de consumentenprijsinflatie.

Bitcoin maakte een agressieve short-coverbeweging vanaf het laagste punt van de week tot nu toe en steeg met ongeveer 13,24 procent en brak woensdag boven de $55.000.

De sterke opwaartse beweging markeerde de tweede wekelijkse winst van de cryptocurrency op rij, geleid door een vlaag van ondersteunende katalysatoren, variërend van booming institutionele adoptie tot lagere Amerikaanse staatsobligatierentes en zwakkere Amerikaanse dollar. Maar naarmate de Aziatische sessie vorderde, toonde Bitcoin Era een gebrek aan doorzettingsvermogen onder kopers, wat een correctie veroorzaakte die ongeveer $10 miljard van zijn marktkapitalisatie wegvaagde.

BITCOIN-RENDEMENT OMGEKEERDE CORRELATIE

Het lijkt erop dat de consoliderende rente op Amerikaanse 10-jaars Treasuries de Bitcoin-beer ertoe aanzette om terug te keren naar de Amerikaanse dollar om wat winst van tafel te halen. De cryptocurrency hield nog steeds een deksel op zijn onderliggende bullish sentiment toen het steun behield boven cruciale prijsniveaus tussen $ 52.000 en $ 54.000.

De cryptocurrency markt reageerde de laatste tijd sterk op de piek in de rente op Amerikaanse Treasuries met langere looptijden. De 10-jaars note bood aan het begin van het jaar een rente van minder dan 1 procent. Niettemin, vanaf dinsdag, was het 1,596 procent, hoger gestuwd door een aanhoudende selloff in de obligatiemarkt.

Beleggers verkochten Treasurys vanwege tekenen van beter dan verwachte economische groei in de VS. Het zette geldmanagers aan om uit de risicomarkten te stappen en hun kapitaal in activa te steken die het meest zouden profiteren zodra de beperkingen van het coronavirus zouden worden opgeheven. De strategie veroorzaakte neerwaartse correcties onder overgewaardeerde activa, waaronder Bitcoin en tech-aandelen, en duwde de banken-, toerisme- en energiesectoren hoger.

Ondertussen gaf de goedkeuring door de Senaat van het $1,9 biljoen kostende coronaviruspakket van president Joe Biden ook een boost aan het sentiment voor Amerikaanse groei. Maar daarmee kwam ook de angst voor hogere inflatie, die door veel Bitcoin-stieren wordt gezien als de beste investeringscase voor de cryptocurrency.

CPI GEGEVENS

De publicatie woensdag van de Amerikaanse consumentenprijsindex voor februari zou meer aanwijzingen geven over de inflatieniveaus en hun mogelijke impact op Bitcoin.

Beleggers hebben hun renteverwachtingen verhoogd in reactie op de stijgende obligatierendementen. Een onderzoek van Bloomberg concludeerde onlangs dat de jaar-op-jaar verwachting van economen voor de CPI van februari 1,7 procent is. Ondertussen schommelt de benchmark-inflatiemeter van de Federal Reserve, de prijsindex voor persoonlijke consumptie-uitgaven, rond de 1,5 procent.

De Amerikaanse centrale bank heeft herhaaldelijk verkondigd dat ze van plan is voor 120 miljard dollar per maand aan overheids- en bedrijfsschulden op te kopen en de leentarieven dicht bij nul te houden tenzij ze de inflatie boven de 2 procent duwt. Gezien het traject van de Bloomberg-enquête zou de Fed haar doel in 2022 kunnen bereiken, wat een mogelijke renteverhoging begin 2023 zou betekenen.

BITCOIN NAAR DE MAAN?

Dat heeft Bitcoin in een jaarlijkse opwaartse bias gezet. Veel analisten verwachten dat inflatierisico’s particulieren, instellingen en bedrijven naar cryptocurrency zullen drijven, gezien de goudachtige schaarse eigenschappen. Bedrijven als Tesla, MicroStrategy, Square, Meitu en anderen hebben bitcoin al in hun balans opgenomen als alternatief voor contant geld.

„Als je vanuit dit niveau nadenkt over obligaties, is dit idee van een 60-40 gebalanceerde portefeuille een beetje problematisch,“ vertelde Cathie Wood, de oprichter van ARK Investments, in een recent interview aan CNBC. „We hebben een 40-jarige bullmarkt in obligaties meegemaakt. Het zou ons niet verbazen om [Bitcoin] een deel van die percentages te zien worden. Misschien 60 aandelen, 20, 20.“

Ecoinometrics nieuwsbrief auteur Nick liet een soortgelijke opbeurende verklaring voor Bitcoin in zijn laatste uitgave. De analist merkte op dat de winsten van Bitcoin in de afgelopen twee weken, zelfs toen de obligatierendementen stegen, aantonen dat het bestand is tegen de uitverkoop van de obligatiemarkt.

„Als stijgende rendementen ernstige problemen beginnen te veroorzaken voor hypotheken of een nieuwe beurscrash triggeren, dan kun je erop wedden dat de Fed zoals gewoonlijk zal ingrijpen,“ voegde hij eraan toe.

A touch of freshness for Balancer – After a short period of silence following the launch of its BAL token, the decentralized exchange Balancer returns to the fore. The platform has indeed just unveiled the technical sheet for version 2, scheduled for March.

Balancer V2: a mess of innovations

The announcement appeared on Tuesday February 2 on the official Balancer blog. Fernando Martinelli , its CEO, told us about his desire to make Crypto Cash the main source of DeFi liquidity.

In practice, therefore, that version 2 will focus on four main areas, namely security , the flexibility , the yields and gas economy .

Balancer safes

Thanks to these safes , also called vaults , Balancer will go from an architecture where each pool owns and manages its assets, to a single vault which holds and manages all the assets.

As @Hasufl pointed out on Twitter , using a single safe can drastically reduce the cost of gas for users. In addition, it will be possible to carry out internal transactions in the safe, without having to withdraw their funds.

Gas savings

So far, whether on Balancer or other AMMs, it is not very efficient to trade between several pools, given the gas costs spent. However, merging the different pools into a single safe will reduce the number of transactions and, de facto, said fees.

“With the new Balancer protocol vault, even though transactions are carried out in batches across multiple pools, only the final net amounts of the tokens are transferred to and from the vault, saving a significant amount of money. gas. „

EToro, uma plataforma comercial digital baseada em Israel com operações globais, deu a seus usuários muito poucas horas de antecedência de que os serviços de comercialização de margem da plataforma digital seriam colocados em espera na sexta-feira.

Os usuários foram instruídos a aumentar suas margens colaterais para 100% em um e-mail enviado em 8 de janeiro. Os clientes com saldo disponível poderiam manter as posições abertas adicionando fundos, enquanto aqueles que não têm créditos disponíveis tinham a opção de fechar outras partes para liberar fundos. Até as 21h00, a plataforma suspendeu qualquer contrato europeu de operador de criptografia que não reforçava suas garantias de margem para 100%.

Logo após o pedido, o bitcoin aproximou-se de um recorde de 41.962 dólares na sexta-feira, depois de mais do que triplicar em 2020. A moeda criptográfica líder mundial foi invertida durante o fim de semana, caindo quase um quarto de seu valor, e negociada a $34.184 na segunda-feira, de acordo com dados da cadeia diária.

EToro Contratos Violados

A mudança da eToro mostra oscilações de preços com pouco ou nenhum catalisador pode emboscar investidores e corretoras que os atendem. Com o comércio de margem, à medida que o valor de um ativo aumenta, os investidores podem aumentar sua alavancagem e se expor e a corretora a perdas no caso de um rápido recuo nos preços.

A corretora on-line disse ter visto um frenesi de atividade de criptografia de moedas nas últimas semanas. Acrescentou cerca de 200.000 novos usuários registrados na primeira semana do ano, durante a qual sua plataforma viu vários dias de volumes de negociação de moedas criptográficas dispararem.

O crypto dos usuários foi imediatamente convertido em dólares americanos quando a empresa chamou a margem de negociação.

Os comerciantes descontentes levaram para o Twitter, reclamando que a eToro fechou todas as posições alavancadas em moedas criptográficas quatro horas depois, incluindo aquelas que os usuários haviam tentado manter abertas.

Slavko Vesenjak, advogado na Eslovênia, disse que eToro violou os contratos que havia acordado com seus clientes. Ele acrescentou que o aviso prévio de quatro horas antes de bloquear todas as posições criptográficas alavancadas fez com que os usuários acordassem em seus fusos horários separados vendo seus trabalhos fechados.

Efeitos no futuro

A chefe global de relações públicas da eToro, Amy Butler, disse que a maioria dos clientes da eToro não estavam agitados com as mudanças.

A professora de direito da Universidade Fordham, Jurij Toplak, advertiu os usuários da eToro de que há muitas perdas futuras para os usuários se Bitcoin subir para $70.000 agora. Os usuários não têm como conseguir este dinheiro.

Os usuários de EToro que procuram reduzir os mercados em seu topo teriam perdido oportunidades de lucro significativas.

Alguns comerciantes têm enfatizado as conseqüências potenciais da decisão de curto prazo da eToro. O usuário do Twitter Phill Gallagher alegou ter recebido o e-mail sobre o comércio de margens por volta das 2h30 da manhã, hora local. Ele disse que foi muito pouco profissional da eToro, o que cria uma questão tributária significativa, que poderia ter sido gerenciada com um pequeno aviso. Ele acrescentou que agora ele iria encontrar uma nova plataforma de negociação.

Bond interest rates are once again reaching new record lows. From an investor’s perspective, this asset class is thus becoming more and more of an imposition. On the extent of negative interest rates, the role of the velocity of money and the question of whether the staking of cryptocurrencies can offer a refuge for „bond fans“.

In the past, those who rely on predictable and regular income from capital assets have predominantly relied on fixed-income debt securities or bonds. Especially when it came to retirement provision, pension funds and life insurers generated most of their income via bonds, ergo government and corporate bonds. Only then came dividend income from shares or income from real estate leasing or through REITs.
This is now finally over. As a result of zero interest rates and the expansion of bond-buying programs, all European government bonds have moved into negative territory for the most part. Recently, not only German or Austrian government bonds have been trading in negative territory, but even those of countries that would be on the verge of insolvency without ECB assistance.

It doesn’t matter whether it’s Germany or Italy: The main thing is the eurozone.

Looking at the current interest rates for government bonds, it is striking: All short- to medium-term government bonds from the eurozone are trading in negative territory. It is also noticeable that the creditworthiness of the countries from the euro zone is hardly of any importance. For example, a 1-year Italian government bond (-0.47 percent) is rated almost as safe as a German government bond (-0.75 percent). The fact that the difference is so small has less to do with fundamentals than with the fact that the ECB stands behind the government bonds as guarantor.

Not much changes for longer-dated 10-year government bonds either. The euro government bond corridor ranges from (-0.57 percent) Germany to Greece (+0.58 percent). If you have to pay an additional 0.02 percent interest per year on a 10-year government bond of Portugal, whose debt currently exceeds 130 percent, in order to park your money with this country, then this is absolutely alarming.

Except for price speculation, government bonds are therefore a dead asset class. If bonds, then the only options left are corporate bonds or special certificates that expert investors can put in their portfolios. But here, too, the interest rate environment is increasingly cutting off the air.

Investment emergency reaches new high

The result is that for years savers and people with bonds have been getting poorer and poorer. This is most evident in the case of life insurers, who are once again having to lower the guaranteed interest rate. From 0.9 to 0.25 percent, the guaranteed interest rate for contracts is to be reduced from 2022. Of course, this no longer has anything to do with asset protection, let alone asset accumulation.

Those who can – and who have sufficient knowledge – are saving themselves in material assets, above all shares. All that remains is the money of the central banks and insurers or pension funds, which manage the retirement provisions of private investors. We have been able to see the result for years now in the rising prices of shares, real estate, precious metals and bitcoin.

Suffering pressure could increase massively in the summer of 2021

If the repeatedly thematized inflation fears turn out to be true, bonds will no longer offer protection, unlike previous phases of higher inflation, such as in the 1970s. It is true that no one can say exactly when inflation will occur. Nevertheless, in the last few weeks, experts have been saying that the time could come as early as next spring/summer and that inflation will shoot up.

The argumentation: The Corona-related lockdown significantly reduces the velocity of money circulation, while at the same time pumping massive amounts of money into the markets and the real economy. If, when the lockdown ends, the velocity of money in circulation picks up abruptly, all that new money could float into the economy and cause higher inflation rates.

In the event that this scenario occurs, there should be a further influx of funds into real assets. After all, there has been virtually no inflation in the real economy in recent years, so the pressure of suffering has not yet been great enough for many investors. If asset inflation is now joined by inflation in the real economy, the zenith of monetary assets is likely to have been passed even for very immobile investors.

Staking as an experimental admixture

Those who don’t want to completely abandon „comfortable interest income“ despite withdrawing from monetary assets can take a look at the increasingly hyped staking of cryptocurrencies. In this process, investors deposit their staking cryptocurrencies in a smart contract to help secure and settle the blockchain network. In return, stakers can enjoy attractive interest income in the respective cryptocurrency.

The interest income from the transfer of cryptocurrencies can thus reveal a new market to innovation-savvy investors. As irrelevant as staking may currently be compared to the bond sector, this market is growing tremendously. Staking could become a serious investment environment in the coming years. So while it is currently primarily private investors who are getting involved here, this area could gradually open up to institutional investors as well.

Institutional investors: Is staking following the bitcoin hype?

Just as Bitcoin was in the hands of private investors for years, 2020 has brought the now definitive breakthrough for Bitcoin in institutional investing. Staking could undergo the same trajectory in the coming years.

Finally, decentralized networks are becoming increasingly important. To operate and secure these infrastructures in a decentralized manner, a consensus mechanism is needed. If you want to dispense with the energy-intensive Proof of Work (PoW) mechanism as in Bitcoin, then you quickly end up with Proof of Stake (PoS). The mechanism is becoming more and more relevant, especially due to the switch in Ethereum from PoW to PoS. In 2021, massive growth of the staking ecosystem and market capitalizations can be expected here.

Also interesting for DAX corporations

In addition, more and more professional providers are venturing into this area. These also include companies that are not primarily located in the crypto bull economy. Deutsche Telekom, for example, is involved in the staking sector with its subsidiary T-Systems.

What seems unusual at first glance makes perfect sense at second glance. Anyone who secures our communications infrastructure can also go one step further in value creation and contribute to the processing of value transactions. It doesn’t matter whether it’s a university, a hospital or an administrative authority: In the future, there will be more and more processing of decentralized transactions that will have to be handled or secured by staking providers. Both private and institutional players can then engage in these new networks to generate interest. The best part: Unlike government bonds, there are no negative interest rates for investors in the crypto economy (yet).

Bitcoin subió durante el fin de semana y continuó operando al alza el lunes, ya que los operadores sopesaron sus perspectivas alcistas frente a un dólar estadounidense en caída libre. Pero para un analista, el movimiento alcista en curso arriesga el agotamiento al final de la semana.

Marc Principato, director ejecutivo de Green Bridge Investing, dijo que Bitcoin todavía podría acercarse a los 16.000 dólares, un nivel de soporte al que apuntaba con la corrección desde su máximo anual de 19.500 dólares. Esto es a pesar de la fuerte retirada de la criptocracia durante la sesión del fin de semana, que el Sr. Principato refutó como „falso“ – argot para el término ‚Fake Breakout‘.

ESA ONDA DE BITCOIN

El analista concluyó un escenario bajista basado en la Teoría de las Ondas de Elliot, un indicador técnico que muestra la psicología de las multitudes en el mercado mediante la manifestación de ondas. Un ciclo de mercado se completa cuando su fase de impulso forma cinco ondas en su forma más básica, y su fase correctiva forma tres ondas.

Según el Sr. Principato, el precio de Bitcoin formará una nueva onda correctiva – la segunda contra el total de cinco, a la que llamó Onda B.

„Había una barra interior que se estableció hace dos días – y la alta se comprometió lo que constituye una nueva señal de compra“, explicó el analista. „Pero una señal por sí sola no es suficiente. Es probable que el movimiento bajista de 3K puntos siga en juego y hay una buena posibilidad de que el primer intento de retroceso sea falso [Ola B en la Ola de Elliot]“.

„Por lo tanto, no califica para un nuevo intercambio de swing por mucho tiempo“, añadió.

TEORÍAS PESIMISTAS DE APOYO

En una declaración a Bitcoinist, el Director Ejecutivo de CEX, Konstantin Anissimov, también expresó su sesgo bajista en el mercado sólo usando un indicador técnico diferente.

„El indicador TD Sequential presenta señales de venta en los gráficos semanales de Bitcoin“, dijo el analista. „Las formaciones bajistas se desarrollaron como nueve candelabros verdes, lo que sugiere que se está llevando a cabo un retroceso de uno a cuatro candelabros semanales“.

Mientras tanto, esperaba que el precio de Bitcoin cayera mucho más bajo de lo que el Sr. Principato había previsto – a 13.000 dólares, añadiendo que „sólo un cierre semanal de velas por encima de los recientes máximos [19.500 dólares] invalidará la perspectiva bajista y conducirá a otra subida“.

Fundamentalmente, un cierre por encima de 19.500 dólares parecía posible. Como Bitcoinist informó anteriormente, una ráfaga de llamadas bajistas en dólares americanos creó una configuración ideal para que Bitcoin continuara su recuperación. Esto se debe a una Reserva Federal palomita y a las perspectivas de aumentar el interés institucional.

Recientemente, Guggenheim Funds Trust presentó una enmienda a la Comisión de Valores y Bolsa de los Estados Unidos para poner el 10 por ciento de sus reservas en el Bitcoin Trust de Grayscale. Eso asciende a unos 500 millones de dólares.

Die Bitcoin-Preise sind sehr gut in der Lage, bis Ende 2021 300.000 US-Dollar zu erreichen, sagte der On-Chain-Analyst Willy Woo in seinem neuesten Twitter-Thread.

Während Bitcoin weiterhin zwischen 18.000 US-Dollar und dem neuen Allzeithoch liegt, sind bereits Forderungen nach BTC-Preisen eingegangen, die im Jahr 2021 „Moonshot“ -Bewegungen vornehmen.

Willy Woo, Pionier der On-Chain-Analyse, ist der Ansicht, dass ein Bitcoin-Preis von 200.000 US-Dollar „konservativ“ ist und dass die höchste Kryptowährung bis Ende nächsten Jahres auf 300.000 US-Dollar steigen wird.

300.000 USD pro BTC „Nicht ausgeschlossen“

Obwohl BTC einen neuen Höchststand verzeichnete, ist es dem Preis der höchsten Kryptowährung nicht gelungen, die entscheidende psychologische Barriere von 20.000 US-Dollar zu überwinden. Aber das wird 2021 kein Problem sein. Laut Willy Woos ‚Top Model‘, dem bekannten Bitcoin-Marktanalysten in der Kette, strebt BTC bis Ende nächsten Jahres 300.000 US-Dollar an.

In einem Tweet Thread, Woo opines , dass die Anleger beim Kauf bitcoin in der aktuellen Rallye bezahlt einen Durchschnitt von $ 7456 pro BTC, was an sich ist ein ‚Genie Bewegung‘ , da der Kryptowährung für den Handel wird auf ‚ Mond im nächsten Jahr die Preise‘.

Woo fügte seinem Kommentar hinzu und zitierte Daten des Blockchain Market Insights-Unternehmens Glassnode. Der Rückgang des Bitcoin-Angebots an den Börsen (aufgrund der massiven Akkumulation) sei doppelt so lang und tiefer als in der Phase vor der Rallye 2017 .

Dollar-Gewinn an Marktkapitalisierung pro investiertem Dollar deutlich erhöht

Fortsetzung weiter Zukunftsmarkt in seinem Kommentar zu bitcoin die Aussichten, wies Woo auf einen anderen Indikator, der seine bullische Haltung vielfältig verstärkt hat. Er sagte, dass für jeden in BTC investierten USD der USD-Gewinn bei der Marktkapitalisierung der Kryptowährung im Vergleich zu früheren Bullenzyklen „erheblich gestiegen“ sei.

Willy sagte, dass diese besondere Marktentwicklung auf ein immens optimistisches Szenario für Bitcoin im Jahr 2021 hindeutet.

Aber die Zahlen werden sinken, bevor sie steigen

Obwohl Woos obige On-Chain-Bitcoin-Marktanalyse in den kommenden Monaten ein Mega-Bullish-Szenario für Bitcoin darstellt, kommt ein Rückgang ebenfalls nicht in Frage. Der beliebte TradingView-basierte Analyst Alan Masters bestätigt dies.

Masters merkt an, dass BTC im November einen sehr starken Monatsschluss hatte, aber indem er eine rationale Haltung einnahm, behauptete er, dass ein Pullback auf den Karten stehe, „nichts bewegt sich in einer geraden Linie, nicht einmal in Bitcoin“.

Er geht davon aus, dass in der ersten Dezemberhälfte der BTC-Preis mehrere rote Kerzen drucken wird und ab der nächsten Hälfte alles grün sein wird. Aber das ist überhaupt kein Thema, über das man sich Sorgen machen sollte

… Dies könnte bedeuten, dass wir in den ersten Wochen des Monats Korrekturen vornehmen müssen und dann wieder großes Grün haben…

Der Händler vergleicht dies mit der Situation im Jahr 2017, als BTC den Oktober mit einer bullischen Note schloss. In den folgenden Monaten fielen die Preise jedoch um 16% und liefen dann weiter nach Norden, um schließlich ein höheres Hoch zu erreichen. Masters fuhr fort und sagte, dass dies das genaue Marktszenario ist, das in diesem Monat erwartet werden kann. Und wie tief könnte BTC gehen, bevor er sich wieder erholt?

With the billions of dollars floating around, it’s no surprise that hacks and software bugs keep popping up in the decentralized finance (DeFi) space.

To name one of the many recent weaknesses of Bitcoin Era contracts: Harvest Finance was hacked into stablecoins for 25-33 million dollars – due to a so-called „flash loan attack“.

There was a flaw in the economic logic that the developers at Harvest ignored and that allowed a tech-savvy attacker to withdraw funds.

Similar attack vectors have been exploited with contracts like that of Eminence Finance, an Ethereum- based game that users have invested millions in even though there was no official launch announcement.

The hack transactions on Etherscan

Not to mention, there are a number of fatal mistakes. For example, the developers at Yearn.finance (YFI) had to fix a bug that would have allowed a user to steal $ 650,000 worth of stablecoins from one of their products.

The error was similar to the one used to withdraw funds from Harvest. Unfortunately, not all bugs are discovered and eliminated before they are exploited.

MakerDAO’s Stablecoins worth around $ 2 million were recently stolen from the Akropolis app. Akropolis is a full-fledged DeFi protocol that focuses on giving „normal people“ the opportunity to save their stablecoins and earn interest. Your savings product has now been exploited by an unknown attacker.

Acropolis Ethereum DeFi application hacked for $ 2 million

Early Thursday, Ethereum analysts and Acropolis users began to notice suspicious transactions in the Acropolis savings product called Delphi.

It quickly became clear that an attack had taken place. Data from the chain indicated that the DAI had been routed from Acropolis to an address that was interacting with the log dozens of times per minute – suggesting something was going on.

Within twenty minutes, the attacker sent dozens of transactions to a number of Acropolis Delphi savings pools, each time subtracting a sum of the DAI from the pool.

A total of 2,030,000 DAI were apparently illegally withdrawn from the Acropolis.

These stablecoins were sent to an address and have been there ever since. The alleged attacker has not yet sent a transaction from the address where the stolen funds are located.

How did that happen?

Crypto asset auditing and security firm PeckShield, which has been focusing on DeFi for the past few months, has broken down the details of the attack hours after it was carried out.

To keep it simple, the attacker used a lightning loan from dYdX to trick Akropolis‘ smart contracts into thinking they had deposited funds that the attacker really didn’t have. While some funds were being deposited, the attacker was provided with liquidity tokens worth more than the amount deposited, creating a discrepancy that could result in large withdrawals from the pool.

“The exploit resulted in a large number of pool tokens that were minted without being backed by valuable assets. The withdrawal of these coined pool tokens will then be exercised in order to deduct around 2.0 million DAI from the YCurve and sUSD pools concerned, ”said Peckshield.

Akropolis has also responded to the attack, writing that they are reviewing the code and looking for ways to compensate the affected users of the protocol.